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Shareholders' Equity
 9 Months Ended
Sep. 30, 2015
Stockholders' Equity Attributable to Parent [Abstract]  
Shareholders' equity
Shareholders' Equity

Share Repurchase
 
Our Old Credit Facility (as defined in Note 8) permitted and our New Credit Facility (as defined in Note 8) permits the payment of cash dividends and the purchase of Denny’s stock subject to certain limitations. In April 2013, our Board of Directors approved a share repurchase program authorizing us to repurchase up to an additional 10.0 million shares of our common stock (in addition to prior authorizations). Under this program, we may, from time to time, purchase shares in the open market (including pre-arranged stock trading plans in accordance with the guidelines specified in Rule 10b5-1 under the Securities Exchange Act of 1934, as amended) or in privately negotiated transactions, subject to market and business conditions. During the three quarters ended September 30, 2015, we repurchased 3.5 million shares of our common stock for approximately $38.9 million. This brings the total amount repurchased under this program to 9.6 million shares of our common stock for approximately $79.9 million, leaving 0.4 million shares that can be repurchased as of September 30, 2015.

On March 31, 2015, our Board of Directors approved a new share repurchase program authorizing us to repurchase an additional $100 million of our common stock, in addition to repurchases previously authorized. Such repurchases are to be made in a manner similar to, and will be in addition to, authorizations under the April 2013 repurchase program.


Subsequent to the end of the quarter ended September 30, 2015, we entered into a $50 million accelerated share repurchase agreement. See Note 16.

Repurchased shares are included as treasury stock in our Condensed Consolidated Balance Sheets and our Condensed Consolidated Statement of Shareholders' Equity.

Accumulated Other Comprehensive Loss

The components of the change in accumulated other comprehensive loss were as follows:

 
Pensions
 
Derivatives
 
Accumulated Other Comprehensive Loss
 
(In thousands)
Balance as of December 31, 2014
$
(24,994
)
 
$
392

 
$
(24,602
)
Amortization of net loss (1)
1,300

 
—

 
1,300

Net change in fair value of derivatives
—

 
(2,762
)
 
(2,762
)
Reclassification of derivatives to interest expense (2)
—

 
(578
)
 
(578
)
Income tax (expense) benefit related to items of other comprehensive loss
(507
)
 
1,303

 
796

Balance as of September 30, 2015
$
(24,201
)
 
$
(1,645
)
 
$
(25,846
)

(1)
Before-tax amount that was reclassified from accumulated other comprehensive loss and included as a component of pension expense within general and administrative expenses in our Condensed Consolidated Statements of Income during the three quarters ended September 30, 2015. See Note 9 for additional details.
(2)
Amounts reclassified from accumulated other comprehensive loss into income, represent payments made to the counterparty for the effective portions of the interest rate swaps. These amounts are included as a component of interest expense in our Condensed Consolidated Statements of Income. We expect to reclassify approximately $1.1 million from accumulated other comprehensive loss related to our interest rate swaps during the next twelve months. See Note 8 for additional details.