Quarterly report pursuant to Section 13 or 15(d)

Basis of Presentation and Recent Accounting Pronouncements (Tables)

v3.8.0.1
Basis of Presentation and Recent Accounting Pronouncements (Tables)
4 Months Ended
Apr. 22, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of impact on consolidated statements of operations
The following table summarizes the impact of Topic 606 adoption on previously reported results on the Company’s consolidated statements of operations (in thousands):
 
 
Sixteen Weeks Ended April 16, 2017
 
 
As previously reported
 
Adjustments
 
As adjusted
Franchise and other revenue
 
$
5,106

 
$
2,072

 
$
7,178

Selling, general, and administrative expenses(1)
 
45,891

 
2,072

 
47,963

_____________________________
(1) Selling, general, and administrative expenses were previously reported as $43.3 million prior to the reclassification of $2.6 million of local marketing costs for first quarter 2017. See “Reclassifications” under this Note 1, Basis of Presentation and Recent Accounting Pronouncements.
Schedule of revenue disaggregated by type of good or service
In the following table, revenue is disaggregated by type of good or service (in thousands):
 
 
Sixteen Weeks Ended
 
 
April 22, 2018
 
April 16, 2017
Restaurant revenue
 
$
414,702

 
$
413,451

Franchise revenue
 
5,443

 
5,536

Other revenue
 
1,374

 
1,642

Total revenues
 
$
421,519

 
$
420,629

Schedule of revenue recognized that were included in liability balances at the beginning of the fiscal year
Revenue recognized in the condensed consolidated statement of operations for the redemption of gift cards that were included in the liability balance at the beginning of the fiscal year was as follows (in thousands):
 
 
Sixteen Weeks Ended
 
 
April 22, 2018
 
April 16, 2017
Gift card revenue
 
$
13,988

 
$
14,321