Annual report pursuant to Section 13 and 15(d)

Recent Accounting Pronouncements (Tables)

v3.8.0.1
Recent Accounting Pronouncements (Tables)
 12 Months Ended
Dec. 31, 2017
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]  
Schedule of impact on consolidated statements of operations
Adoption of the new revenue recognition standard is expected to impact our consolidated statements of operations as follows (in thousands):
 
 
Year Ended December 31, 2017
 
 
As reported
 
Adjustments
 
As adjusted
Franchise royalties and fees (1)
 
$
11,044

 
$
6,637

 
$
17,681

Selling, general, and administrative expenses
 
150,019

 
6,637

 
156,656

 
 
Year Ended December 25, 2016
 
 
As reported
 
Adjustments
 
As adjusted
Franchise royalties and fees (1)
 
$
11,209

 
$
6,746

 
$
17,955

Selling, general, and administrative expenses
 
137,887

 
6,746

 
144,633

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(1) Effective in our 2018 consolidated statements of operations, Franchise royalties and fees will be renamed as Franchise revenue to capture all types of franchise related revenues earned by the Company.