View Filing Data

Prepaid expenses and other

123,818

120,223

Inventories

40,161

39,961

33,361

18,389

Total current assets

682,914

579,780

Property, plant and equipment:

Land and buildings

31,951

29,171

Leasehold and other improvements

133,821

128,613

Equipment

225,672

216,599

Construction in progress

34,109

32,482

Property, plant and equipment, Gross

425,553

406,865

Accumulated depreciation and amortization

(248,362)

(237,279)

Property, plant and equipment, net

177,191

169,586

Capitalized software, net

Goodwill

15,351

15,423

58,893

52,823

Other assets

17,058

16,391

3,158

2,750

Total other assets

94,460

87,387

Total assets

954,565

836,753

Current portion of long-term debt

35,598

32,324

Accounts payable

79,417

106,894

Insurance reserves

21,296

20,754

Dividends payable

23,559

536

117,360

120,223

Total current liabilities

100,185

117,554

377,415

398,285

Long-term debt, less current portion

3,436,966

3,121,490

Insurance reserves

33,208

30,611

Total long-term liabilities

36,181

21,751

3,506,355

3,173,852

Additional paid-in capital

Common stock

418

429

737

5,654

Accumulated other comprehensive loss

(2,926,921)

(2,739,437)

(3,439)

(2,030)

Total stockholders' deficit

(2,929,205)

(2,735,384)

Total liabilities and stockholders' deficit

$ 954,565

$ 836,753

[1]	Note: The balance sheet at December 31, 2017 has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements.

Condensed Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 17, 2018	Jun. 18, 2017	Jun. 17, 2018	Jun. 18, 2017
Revenues:
Revenue	$ 779,396	$ 628,611	$ 1,564,767	$ 1,252,828
Cost of sales:
Cost of sales	485,816	435,766	971,322	866,167
Operating margin	293,580	192,845	593,445	386,661
General and administrative	86,506	79,978	170,684	157,760
Income from operations	126,145	112,867	259,621	228,901
Interest income	1,179	276	1,659	387
Interest expense	(36,127)	(24,611)	(66,413)	(50,242)
Income before provision for income taxes	91,197	88,532	194,867	179,046
Provision for income taxes	13,789	22,791	28,632	50,836
Net income	$ 77,408	$ 65,741	$ 166,235	$ 128,210
Earnings per share:
Common stock - basic	$ 1.84	$ 1.37	$ 3.92	$ 2.68
Common stock - diluted	1.78	1.32	3.78	2.58
Dividends declared per share	$ 0.55	$ 0.46	$ 1.10	$ 0.92
Domestic Stores [Member] \| Domestic Company Owned Stores [Member]
Revenues:
Revenue	$ 118,795	$ 112,430	$ 239,981	$ 225,975
Cost of sales:
Cost of sales	91,976	89,040	185,014	176,224
Domestic Stores [Member] \| Domestic Franchise Royalties and Fees [Member]
Revenues:
Revenue	87,418	82,403	176,908	162,304
Domestic Stores [Member] \| Domestic Franchise Advertising [Member]
Revenues:
Revenue	80,929		163,140
Cost of sales:
Domestic franchise advertising	80,929		163,140
Supply Chain [Member]
Revenues:
Revenue	440,917	390,104	880,980	778,657
Cost of sales:
Cost of sales	393,840	346,726	786,308	689,943
International Franchise [Member] \| International Franchise Royalties and Fees [Member]
Revenues:
Revenue	$ 51,337	$ 43,674	$ 103,758	$ 85,892

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 17, 2018	Jun. 18, 2017	Jun. 17, 2018	Jun. 18, 2017
Statement of Comprehensive Income [Abstract]
Net income	$ 77,408	$ 65,741	$ 166,235	$ 128,210
Currency translation adjustment	(603)	215	(1,058)	282
Comprehensive income	$ 76,805	$ 65,956	$ 165,177	$ 128,492

Cash flows from operating activities:

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jun. 17, 2018

Jun. 18, 2017

Jun. 17, 2018

Jun. 18, 2017

Adjustments to reconcile net income to net cash provided by operating activities:

$ 77,408

$ 65,741

$ 166,235

$ 128,210

Depreciation and amortization

12,240

10,275

23,310

19,773

Losses on sale/disposal of assets

154

163

519

345

Amortization of debt issuance costs

5,469

2,714

Provision for deferred income taxes

1,484

3,581

Non-cash compensation expense

5,379

4,413

11,443

9,633

Excess tax benefits from equity-based compensation

(15,318)

(16,906)

Other

111

204

Changes in operating assets and liabilities

(50,165)

(32,468)

Changes in advertising fund assets and liabilities, restricted

11,624

(2,316)

Net cash provided by operating activities

154,712

112,770

Cash flows from investing activities:

Capital expenditures

(37,290)

(25,230)

Proceeds from sale of assets

323

Maturities of advertising fund investments, restricted

29,007

Purchases of advertising fund investments, restricted

(35,152)

Other

(672)

493

Net cash used in investing activities

(43,784)

(24,711)

Cash flows from financing activities:

Proceeds from issuance of long-term debt

905,000

Repayments of long-term debt and capital lease obligations

(586,133)

(9,766)

Proceeds from exercise of stock options

5,206

3,884

Tax payments for restricted stock upon vesting

(219,000)

(320,067)

(12,721)

(2,318)

(4,911)

Payments of common stock dividends and equivalents

(23,538)

(22,280)

Cash paid for financing costs

(8,207)

Net cash used in financing activities

(30,057)

(45,794)

Effect of exchange rate changes on cash

(132)

Change in cash and cash equivalents, restricted cash and cash equivalents

80,739

42,301

Cash and cash equivalents, beginning of period

35,768

^[1]

42,815

Restricted cash and cash equivalents, beginning of period

191,762

^[1]

126,496

Cash and cash equivalents included in advertising fund assets, restricted, beginning of period

27,316

25,091

Cash and cash equivalents, restricted cash and cash equivalents and cash and cash equivalents included in advertising fund assets, restricted, beginning of period

254,846

194,402

Cash and cash equivalents, end of period

157,788

52,243

157,788

52,243

Restricted cash and cash equivalents, end of period

144,970

161,685

144,970

161,685

Cash and cash equivalents included in advertising fund assets, restricted, end of period

32,827

22,775

32,827

22,775

Cash and cash equivalents, restricted cash and cash equivalents and cash and cash equivalents included in advertising fund assets, restricted, end of period

$ 335,585

$ 236,703

$ 335,585

$ 236,703

[1]	Note: The balance sheet at December 31, 2017 has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements.

Basis of Presentation and Updates to Significant Accounting Policies	6 Months Ended
	Jun. 17, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Updates to Significant Accounting Policies	1. Basis of Presentation and Updates to Significant Accounting Policies The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. For further information, refer to the consolidated financial statements and footnotes for the fiscal year ended December 31, 2017 included in the Company’s 2017 Annual Report on Form 10-K, filed with the Securities and Exchange Commission on February 20, 2018 (the “2017 Form 10-K”). In the opinion of management, all adjustments, consisting of normal recurring items, considered necessary for a fair statement have been included. Operating results for the fiscal quarter ended June 17, 2018 are not necessarily indicative of the results that may be expected for the fiscal year ending December 30, 2018. Reclassification of Revenues Beginning in the first quarter of 2018, the Company began managing its franchised stores in Alaska and Hawaii as part of its Domestic Stores segment (Note 3). Prior to 2018, the revenues from these franchised stores were included in the Company’s International Franchise segment (Note 3). International franchise revenues for the second quarter and two fiscal quarters of 2017 include $0.6 million and $1.2 million, respectively, of franchise revenues related to these stores. These amounts have not been reclassified to conform to the current year presentation due to immateriality. Updates to Significant Accounting Policies The Company adopted Accounting Standards Codification 606, Revenue from Contracts with Customers (“ASC 606”) in the first quarter of 2018. As a result, the Company updated its significant accounting policies for revenue recognition, disaggregation of revenue and the recognition of advertising costs below. Refer to Note 13 for the full impact of the adoption of ASC 606 on the Company’s financial statements. Revenue Recognition Domestic Company-owned stores revenues were $118.8 million in the second quarter of 2018 and were $240.0 million in the two fiscal quarters of 2018. Domestic Company-owned stores revenues are comprised of retail sales of food through Company-owned Domino’s Pizza stores located in the United States and are recognized when the items are delivered to or carried out by customers. Customer payments are generally due at the time of sale. Sales taxes related to these sales are collected from customers and remitted to the appropriate taxing authority and are not reflected in the Company’s condensed consolidated statements of income as revenue. Domestic franchise royalties and fees were $87.4 million in the second quarter of 2018 and were $176.9 million in the two fiscal quarters of 2018. Domestic franchise royalties and fees are primarily comprised of royalties and fees from Domino’s Pizza franchisees with operations in the United States. Royalty revenues are based on a percentage of franchise sales and are recognized when the items are delivered to or carried out by franchisees’ customers. Domestic franchise fee revenue primarily relates to per-transaction technology fees that are recognized as the related sales occur. Payments for domestic royalties and fees are generally due within seven days of the prior week end date. Supply chain revenues were $440.9 million in the second quarter of 2018 and were $881.0 million in the two fiscal quarters of 2018. Supply chain revenues are primarily comprised of sales of food, equipment and supplies to franchised Domino’s Pizza stores located in the United States and Canada. Revenues from the sale of food are recognized upon delivery of the food to franchisees and payments for food purchases are generally due within 30 days of the shipping date. Revenues from the sale of equipment and supplies are recognized upon delivery or shipment of the related products to franchisees, based on shipping terms, and payments for equipment and supplies are generally due within 90 days of the shipping date. The Company also offers profit sharing rebates and volume discounts to its franchisees. Obligations for profit sharing rebates are calculated each period based on actual results of its supply chain centers and are recognized as a reduction to revenue. Volume discounts are based on annual sales. Each period, the Company estimates the amount that will be earned and records a reduction to revenue. International franchise royalties and fees were $51.3 million in the second quarter of 2018 and were $103.8 million in the two fiscal quarters of 2018. International franchise royalties and fees are primarily comprised of royalties and fees from Domino’s Pizza franchisees outside of the United States. Royalty revenues are recognized when the items are delivered to or carried out by franchise customers. Store opening fees received from international franchisees are recognized as revenue on a straight-line basis over the term of each respective franchise store agreement, which is typically 10 years. Development fees received from international master franchisees are also deferred when amounts are received and are recognized as revenue on a straight-line basis over the term of the respective master franchise agreement, which is typically 10 years. International franchise royalties and fees are invoiced at least quarterly and payments are generally due within 60 days. Domestic franchise advertising revenues were $80.9 million in the second quarter of 2018 and were $163.1 million in the two fiscal quarters of 2018. Domestic franchise advertising revenues are primarily comprised of contributions from Domino’s Pizza franchisees with operations in the United States to the Domino’s National Advertising Fund Inc. (“DNAF”), the Company’s not-for-profit subsidiary that administers the Domino’s Pizza system’s national and market level advertising activities in the United States. These contributions are based on a percentage of franchise sales and are recognized when items are delivered to or carried out by franchisees’ customers. Payments for domestic franchise advertising revenues are generally due within seven days of the prior week end date. Although these revenues are restricted to be used only for advertising and promotional activities to benefit franchised stores, the Company has determined there are not performance obligations associated with the franchise advertising contributions received by DNAF that are separate from its domestic royalty payment stream and as a result, these franchise contributions and the related expenses are presented gross in the Company’s condensed consolidated statement of income. Disaggregation of Revenue ASC 606 requires that companies disaggregate revenue from contracts with customers into categories that depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. The Company has included its revenues disaggregated in its condensed consolidated statements of income to satisfy this requirement. Advertising Costs Domestic Stores (Note 3) are required to contribute a certain percentage of sales to DNAF. Domestic franchise advertising costs are accrued and expensed when the related domestic franchise advertising revenues are recognized, as DNAF is obligated to expend such revenues on advertising. Advertising costs funded by Company-owned stores are generally expensed as incurred and are included in general and administrative expense. The contributions from Company-owned stores that have not yet been expended are included in advertising fund assets, restricted on the Company’s consolidated balance sheet. As of June 17, 2018, advertising fund assets, restricted of $123.8 million included approximately $6.4 million of cash contributed from Company-owned stores that had not yet been expended and approximately $117.4 million of assets which consisted of $106.6 million of cash and investments, $9.6 million of accounts receivable and $1.2 million of prepaid expenses. Domestic franchise advertising costs expended by DNAF are included in domestic franchise advertising expenses in the Company’s consolidated statement of income. Certain costs incurred by the Company on behalf of DNAF were included in general and administrative expense in years prior to 2018. Refer to Note 13 for the full impact of the adoption of ASC 606 on the Company’s financial statements.

Contract Liabilities

6 Months Ended

Jun. 17, 2018

Revenue from Contract with Customer [Abstract]

Contract Liabilities

2. Contract Liabilities

Contract liabilities consist of deferred franchise fees and deferred development fees. Changes in deferred franchise fees and deferred development fees for the two fiscal quarters of 2018 were as follows:


	Two Fiscal Quarters Ended
(In thousands)	June 17, 2018
Deferred franchise fees and deferred development fees at beginning of period	$	19,404
Revenue recognized during the period		(2,325	)
New deferrals due to cash received and other		3,239

Deferred franchise fees and deferred development fees at end of period	$	20,318

Segment Information

6 Months Ended

Jun. 17, 2018

Segment Reporting [Abstract]

Segment Information

3. Segment Information

The following table summarizes revenues, income from operations and earnings before interest, taxes, depreciation, amortization and other, which is the measure by which the Company allocates resources to its segments and which the Company refers to as Segment Income, for each of its reportable segments.


	Fiscal Quarters Ended June 17, 2018 and June 18, 2017
	Domestic Stores (1)		Supply Chain		International Franchise (2)		Intersegment Revenues			Other			Total
Revenues
2018	$	287,142	$	474,471	$	51,337	$	(33,554	)	$	—		$	779,396
2017		194,833		420,725		43,674		(30,621	)		—			628,611
Income from operations
2018	$	73,193	$	36,494	$	39,104		N/A		$	(22,646	)	$	126,145
2017		64,296		33,304		35,602		N/A			(20,335	)		112,867
Segment Income
2018	$	76,087	$	39,454	$	39,150		N/A		$	(10,241	)	$	144,450
2017		66,895		35,874		35,647		N/A			(10,698	)		127,718

	Two Fiscal Quarters Ended June 17, 2018 and June 18, 2017
	Domestic Stores (1)		Supply Chain		International Franchise (2)		Intersegment Revenues			Other			Total
Revenues
2018	$	580,029	$	948,426	$	103,758	$	(67,446	)	$	—		$	1,564,767
2017		388,279		840,731		85,892		(62,074	)		—			1,252,828
Income from operations
2018	$	148,481	$	73,866	$	80,628		N/A		$	(43,354	)	$	259,621
2017		131,623		69,263		68,776		N/A			(40,761	)		228,901
Segment Income
2018	$	154,431	$	79,610	$	80,721		N/A		$	(19,337	)	$	295,425
2017		136,769		74,388		68,864		N/A			(21,369	)		258,652

(1)

The Domestic Stores segment includes $80.9 million in the second quarter of 2018 and $163.1 million in the two fiscal quarters of 2018 of revenues related to franchise advertising contributions due to the adoption of ASC 606 (Note 13). These contributions did not have an impact on income from operations or Segment Income.

(2)

The International Franchise segment includes $0.6 million in revenues, income from operations and Segment Income in the fiscal quarter ended June 18, 2017 related to franchised stores in Alaska and Hawaii. The International Franchise segment includes $1.2 million in revenues and $1.1 million in income from operations and Segment Income in the two fiscal quarters ended June 18, 2017 related to franchised stores in Alaska and Hawaii. Beginning in the first quarter of 2018, franchised stores in Alaska and Hawaii are managed as part of the Company’s Domestic Stores business and are included in the Domestic Stores segment results.

The following table reconciles Total Segment Income to consolidated income before provision for income taxes.


	Fiscal Quarter Ended						Two Fiscal Quarters Ended
	June 17, 2018			June 18, 2017			June 17, 2018			June 18, 2017
Total Segment Income	$	144,450		$	127,718		$	295,425		$	258,652
Depreciation and amortization		(12,240	)		(10,275	)		(23,310	)		(19,773	)
Losses on sale/disposal of assets		(154	)		(163	)		(519	)		(345	)
Non-cash compensation expense		(5,379	)		(4,413	)		(11,443	)		(9,633	)
Recapitalization-related expenses		(532	)		—			(532	)		—

Income from operations		126,145			112,867			259,621			228,901
Interest income		1,179			276			1,659			387
Interest expense		(36,127	)		(24,611	)		(66,413	)		(50,242	)

Income before provision for income taxes	$	91,197		$	88,532		$	194,867		$	179,046

Earnings Per Share

6 Months Ended

Jun. 17, 2018

Earnings Per Share [Abstract]

Earnings Per Share

4. Earnings Per Share


	Fiscal Quarter Ended				Two Fiscal Quarters Ended
	June 17, 2018		June 18, 2017		June 17, 2018		June 18, 2017
Net income available to common stockholders – basic and diluted	$	77,408	$	65,741	$	166,235	$	128,210

Basic weighted average number of shares		42,044,035		47,972,526		42,433,073		47,906,187
Earnings per share – basic	$	1.84	$	1.37	$	3.92	$	2.68
Diluted weighted average number of shares		43,582,996		49,776,821		43,981,253		49,741,794
Earnings per share – diluted	$	1.78	$	1.32	$	3.78	$	2.58

The denominators used in calculating diluted earnings per share for common stock for the second quarter and two fiscal quarters of 2018 do not include 68,760 and 90,670 options, respectively, to purchase common stock, as the effect of including these options would have been anti-dilutive. The denominators used in calculating diluted earnings per share for the second quarter and two fiscal quarters of 2018 do not include 116,624 restricted performance shares, as the performance targets for these awards had not yet been met. The denominators used in calculating diluted earnings per share for common stock for the second quarter and two fiscal quarters of 2017 do not include 69,010 options to purchase common stock, as the effect of including these options would have been anti-dilutive. The denominators used in calculating diluted earnings per share for the second quarter and two fiscal quarters of 2017 do not include 141,296 restricted performance shares, as the performance targets for these awards had not yet been met.

Stockholders' Deficit

6 Months Ended

Jun. 17, 2018

Federal Home Loan Banks [Abstract]

Stockholders' Deficit

5. Stockholders’ Deficit

The following table summarizes changes in Stockholders’ Deficit for the two fiscal quarters of 2018.


	Common Stock						Additional Paid-in Capital			Retained Deficit			Accumulated Other Comprehensive Loss
	Shares			Amount			Additional Paid-in Capital			Retained Deficit			Accumulated Other Comprehensive Loss
Balance at December 31, 2017		42,898,329		$	429		$	5,654		$	(2,739,437	)	$	(2,030	)
Net income		—			—			—			166,235			—
Common stock dividends and equivalents		—			—			—			(46,561	)		—
Issuance of common stock, net		7,866			—			—			—			—
Tax payments for restricted stock upon vesting		(10,237	)		—			(2,318	)		—			—
Purchases of common stock		(1,353,564	)		(14	)		(19,245	)		(300,808	)		—
Exercise of stock options		295,299			3			5,203			—			—
Non-cash compensation expense		—			—			11,443			—			—
Adoption of ASC 606 (Note 13)		—			—			—			(6,701	)		—
Currency translation adjustment		—			—			—			—			(1,058	)
Reclassification adjustment for stranded taxes (Note 13)		—			—			—			351			(351	)

Balance at June 17, 2018		41,837,693		$	418		$	737		$	(2,926,921	)	$	(3,439	)

Dividends	6 Months Ended
Dividends	Jun. 17, 2018
Statement of Stockholders' Equity [Abstract]
Dividends	6. Dividends During the second quarter of 2018, on April 24, 2018, the Company’s Board of Directors declared a $0.55 per share quarterly dividend on its outstanding common stock for shareholders of record as of June 15, 2018, which was paid on June 29, 2018. The Company had approximately $23.6 million accrued for common stock dividends at June 17, 2018. Subsequent to the second quarter, on July 18, 2018, the Company’s Board of Directors declared a $0.55 per share quarterly dividend on its outstanding common stock for shareholders of record as of September 14, 2018 to be paid on September 28, 2018.

Accumulated Other Comprehensive Loss	6 Months Ended
Accumulated Other Comprehensive Loss	Jun. 17, 2018
Equity [Abstract]
Accumulated Other Comprehensive Loss	7. Accumulated Other Comprehensive Loss Accumulated other comprehensive loss was approximately $3.4 million at June 17, 2018 and was approximately $2.0 million as of December 31, 2017 and represented currency translation adjustments, net of tax. During the first quarter of 2018, the Company adopted ASU 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. As a result, the Company recorded a $0.4 million reclassification from accumulated other comprehensive loss to the beginning balance of retained deficit during the first quarter of 2018. Refer to Note 13 for additional information related to the adoption of this new standard. The Company did not record any reclassifications out of accumulated other comprehensive loss to net income in the two fiscal quarters of 2018 or the two fiscal quarters of 2017.

Recapitalization	6 Months Ended
Recapitalization	Jun. 17, 2018
Debt Disclosure [Abstract]
Recapitalization	8. Recapitalization On April 24, 2018, the Company completed a recapitalization (the “2018 Recapitalization”) in which certain of the Company’s subsidiaries issued new notes pursuant to an asset-backed securitization. The new notes consist of $425.0 million Series 2018-1 4.116% Fixed Rate Senior Secured Notes, Class A-2-I with an anticipated term of 7.5 years (the “2018 A-2-I Fixed Rate Notes”), and $400.0 million Series 2018-1 4.328% Fixed Rate Senior Secured Notes, Class A-2-II with an anticipated term of 9.25 years (the “2018 A-2-II Fixed Rate Notes” and, collectively with the 2018 A-2-I Fixed Rate Notes, the “2018 Notes”) in an offering exempt from registration under the Securities Act of 1933, as amended. The 2018 Notes have scheduled principal payments of $4.1 million in 2018, $8.3 million in each of 2019 through 2024, $401.4 million in 2025, $4.0 million in 2026 and $366.0 million in 2027. Gross proceeds from the issuance of the 2018 Notes were $825.0 million. A portion of the proceeds from the 2018 Recapitalization was used to repay the remaining $490.1 million in outstanding principal and interest under the Company’s 2015 five-year fixed rate notes, pre-fund a portion of the principal and interest payable on the 2018 Notes, pay transaction fees and expenses and repurchase and retire shares of the Company’s common stock. In connection with the repayment of the 2015 five-year fixed rate notes, the Company expensed approximately $3.2 million for the remaining unamortized debt issuance costs associated with these notes. Additionally, in connection with the 2018 Recapitalization, the Company capitalized $8.2 million of debt issuance costs, which are being amortized into interest expense over the expected terms of the 2018 Notes.

Open Market Share Repurchase Program	6 Months Ended
Open Market Share Repurchase Program	Jun. 17, 2018
Equity [Abstract]
Open Market Share Repurchase Program	9. Open Market Share Repurchase Program During the second quarter of 2018, the Company repurchased and retired 905,556 shares of its common stock under its Board of Directors-approved open market share repurchase program for a total of approximately $219.0 million, or an average price of $241.82 per share. During the two fiscal quarters of 2018, the Company repurchased and retired 1,353,564 shares of its common stock under its Board of Directors-approved open market share repurchase program for a total of approximately $320.1 million, or an average price of $236.46 per share. As of June 17, 2018, the end of the second quarter, the Company had a total remaining authorized amount for share repurchases of approximately $429.9 million. The Company did not repurchase any shares of its common stock under its Board of Directors-approved open market share repurchase program in the second quarter of 2017. During the two fiscal quarters of 2017, the Company repurchased and retired 80,360 shares of its common stock under its Board of Directors-approved open market share repurchase program for a total of approximately $12.7 million, or an average price of $158.30 per share.

Fair Value Measurements

6 Months Ended

Jun. 17, 2018

Fair Value Disclosures [Abstract]

Fair Value Measurements

10. Fair Value Measurements

Fair value measurements enable the reader of the financial statements to assess the inputs used to develop those measurements by establishing a hierarchy for ranking the quality and reliability of the information used to determine fair values. The Company classifies and discloses assets and liabilities carried at fair value in one of the following three categories:

Level 1: Quoted market prices in active markets for identical assets or liabilities.

Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data.

Level 3: Unobservable inputs that are not corroborated by market data.

The fair values of the Company’s cash equivalents and investments in marketable securities are based on quoted prices in active markets for identical assets. The following tables summarize the carrying amounts and fair values of certain assets at June 17, 2018 and December 31, 2017:


	At June 17, 2018
	Carrying Amount		Fair Value Estimated Using
	Carrying Amount		Level 1 Inputs		Level 2 Inputs		Level 3 Inputs
Cash equivalents	$	137,794	$	137,794	$	—	$	—
Restricted cash equivalents		90,837		90,837		—		—
Investments in marketable securities		8,866		8,866		—		—
Advertising fund cash equivalents, restricted		27,283		27,283		—		—
Advertising fund investments, restricted		80,152		80,152		—		—

	At December 31, 2017
	Carrying Amount		Fair Value Estimated Using
	Carrying Amount		Level 1 Inputs		Level 2 Inputs		Level 3 Inputs
Cash equivalents	$	7,933	$	7,933	$	—	$	—
Restricted cash equivalents		96,375		96,375		—		—
Investments in marketable securities		8,119		8,119		—		—
Advertising fund cash equivalents, restricted		19,945		19,945		—		—
Advertising fund investments, restricted		74,007		74,007		—		—

Management estimated the approximate fair values of the 2015 fixed-rate notes, the 2017 fixed-and-floating rate notes and the 2018 fixed-rate notes as follows (in thousands):


	June 17, 2018				December 31, 2017
	Principal Amount		Fair Value		Principal Amount		Fair Value
2015 Five-Year Fixed Rate Notes	$	—	$	—	$	492,500	$	494,470
2015 Ten-Year Fixed Rate Notes		784,000		797,328		788,000		821,884
2017 Five-Year Fixed Rate Notes		595,500		578,826		598,500		592,515
2017 Ten-Year Fixed Rate Notes		992,500		981,583		997,500		1,023,435
2017 Five-Year Floating Rate Notes		297,750		298,941		299,250		300,746
2018 7.5-Year Fixed Rate Notes		425,000		422,875		—		—
2018 9.25-Year Fixed Rate Notes		400,000		402,400		—		—

The fixed and floating rate notes are classified as Level 2 measurements, as the Company estimates the fair value amount by using available market information. The Company obtained quotes from two separate brokerage firms that are knowledgeable about the Company’s fixed and floating rate notes and, at times, trade these notes. The Company also performed its own internal analysis based on the information gathered from public markets, including information on notes that are similar to those of the Company. However, considerable judgment is required to interpret market data to estimate fair value. Accordingly, the fair value estimates presented are not necessarily indicative of the amount that the Company or the debtholders could realize in a current market exchange. The use of different assumptions and/or estimation methodologies may have a material effect on the estimated fair values stated above.

Accounting Changes and Error Corrections [Abstract]

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Legal Matters	6 Months Ended
Legal Matters	Jun. 17, 2018
Commitments and Contingencies Disclosure [Abstract]
Legal Matters	11. Legal Matters On February 14, 2011, Domino’s Pizza LLC was named as a defendant in a lawsuit along with Fischler Enterprises of C.F., Inc., a franchisee, and Jeffrey S. Kidd, the franchisee’s delivery driver, filed by Yvonne Wiederhold, the plaintiff, as Personal Representative of the Estate of Richard E. Wiederhold, deceased. The case involved a traffic accident in which the franchisee’s delivery driver is alleged to have caused an accident involving a vehicle driven by Richard Wiederhold. Mr. Wiederhold sustained spinal injuries resulting in quadriplegia and passed away several months after the accident. The jury returned a $10.1 million judgment for the plaintiff where the Company and Mr. Kidd were found to be 90% liable (after certain offsets and other deductions the final verdict was $8.9 million). In the second quarter of 2016, the trial court ruled on all post-judgment motions and entered the judgment. The Company denies liability and in the third quarter of 2016 filed an appeal of the verdict on a variety of grounds. On May 11, 2018, the court of appeals reversed and remanded the case to the trial court for a new trial based on the plaintiff’s improper closing argument. The Company continues to deny liability in this matter.

Supplemental Disclosures of Cash Flow Information	6 Months Ended
Supplemental Disclosures of Cash Flow Information	Jun. 17, 2018
Supplemental Cash Flow Elements [Abstract]
Supplemental Disclosures of Cash Flow Information	12. Supplemental Disclosures of Cash Flow Information The Company had non-cash investing activities related to accruals for capital expenditures of $2.2 million at June 17, 2018 and $4.0 million at December 31, 2017. During the first quarter of 2018, the Company renewed the lease of a supply chain center building and extended the term of the lease through 2033. As a result of the new lease, the Company recorded non-cash financing activities of $2.6 million for the increase in capital lease assets and liabilities during the two fiscal quarters of 2018.

New Accounting Pronouncements

6 Months Ended

Jun. 17, 2018

New Accounting Pronouncements

13. New Accounting Pronouncements

Recently Adopted Accounting Standards

Accounting Standards Update 2014-09, Revenue from Contracts with Customers (Topic 606)

In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2014-09, Revenue from Contracts with Customers (Topic 606) and has since issued various amendments which provide additional clarification and implementation guidance. This standard has been codified as ASC 606. This guidance outlines a single, comprehensive model for entities to use in accounting for revenue arising from contracts with customers and superseded most revenue recognition guidance issued by the FASB, including industry specific guidance. On January 1, 2018, the Company adopted ASC 606 using the modified retrospective method.

The Company recognized the cumulative effect of initially applying ASC 606 as an adjustment to the opening balance of retained deficit. The comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods.

The Company has determined that the store opening fees received from international franchisees do not relate to separate and distinct performance obligations from the franchise right and those upfront fees will therefore be recognized as revenue over the term of each respective franchise store agreement, which is typically 10 years. In the past, the Company recognized such fees as revenue when the related store opened. An adjustment to beginning retained deficit and a corresponding contract liability of approximately $15.0 million (of which $2.4 million was current and $12.6 million was long-term) was established on the date of adoption associated with the fees received through December 31, 2017 that would have been deferred and recognized over the term of each respective franchise store agreement if the new guidance had been applied in the past. A deferred tax asset of $3.5 million related to this contract liability was also established on the date of adoption.

The Company has also determined that ASC 606 requires a gross presentation on the consolidated statement of income for franchisee contributions received by and related expenses of DNAF, the Company’s consolidated not-for-profit subsidiary. DNAF exists solely for the purpose of promoting the Domino’s Pizza brand in the U.S. Under prior accounting guidance, the Company had presented the restricted assets and liabilities of DNAF in its consolidated balance sheets and had determined that it acted as an agent for accounting purposes with regard to franchisee contributions and disbursements. As a result, the Company historically presented the activities of DNAF net in its statements of income and statements of cash flows.

Under the requirements of ASC 606, the Company determined that there are not performance obligations associated with the franchise advertising contributions received by DNAF that are separate from the Company’s domestic royalty payment stream and as a result, these franchise contributions and the related expenses are presented gross in the Company’s consolidated statement of income and consolidated statement of cash flows. While this change materially impacted the gross amount of reported franchise revenues and expenses, the impact is generally expected to be an offsetting increase to both revenues and expenses such that the impact on income from operations and net income is not expected to be material. An adjustment to beginning retained deficit and advertising fund liabilities of approximately $6.4 million related to the timing of advertising expense recognition was recorded on the date of adoption. A deferred tax liability (which is reflected net against deferred tax assets in the consolidated balance sheet) of approximately $1.6 million related to this adjustment was also established on the date of adoption.

The cumulative effect of the changes made to the Company’s consolidated balance sheet as of January 1, 2018 for the adoption of ASC 606 were as follows (in thousands):


	Balance at December 31, 2017			Adjustments Due to ASC 606			Balance at January 1, 2018
Assets
Other assets:
Deferred income taxes	$	2,750		$	1,878		$	4,628

Liabilities and stockholders’ deficit
Current liabilities:
Advertising fund liabilities		120,223			(6,425	)		113,798
Other accrued liabilities		58,578			2,365			60,943

Long-term liabilities:
Other accrued liabilities		21,751			12,639			34,390

Stockholders’ deficit:
Retained deficit		(2,739,437	)		(6,701	)		(2,746,138	)

In accordance with the new revenue standard requirements, the impact of adoption on the Company’s condensed consolidated statement of income for the second quarter and two fiscal quarters of 2018 and condensed consolidated balance sheet as of June 17, 2018 was as follows (in thousands):


	Fiscal Quarter Ended June 17, 2018
	As Reported		Balances without the Adoption of ASC 606		Effect of Change Higher/ (Lower)
Revenues:
Domestic franchise royalties and fees	$	87,418	$	91,216	$	(3,798	)
International franchise royalties and fees		51,337		51,333		4
Domestic franchise advertising		80,929		—		80,929

General and administrative		86,506		90,327		(3,821	)
Domestic franchise advertising		80,929		—		80,929
Income from operations		126,145		126,118		27
Income before provision for income taxes		91,197		91,170		27
Provision for income taxes		13,789		13,783		6
Net income		77,408		77,387		21


	Two Fiscal Quarters Ended June 17, 2018
	As Reported		Balances without the Adoption of ASC 606		Effect of Change Higher/ (Lower)
Revenues:
Domestic franchise royalties and fees	$	176,908	$	185,284	$	(8,376	)
International franchise royalties and fees		103,758		103,716		42
Domestic franchise advertising		163,140		—		163,140

General and administrative		170,684		179,093		(8,409	)
Domestic franchise advertising		163,140		—		163,140
Income from operations		259,621		259,546		75
Income before provision for income taxes		194,867		194,792		75
Provision for income taxes		28,632		28,615		17
Net income		166,235		166,177		58


	June 17, 2018
	As Reported			Balances without the Adoption of ASC 606			Effect of Change Higher/ (Lower)
Assets
Other assets:
Deferred income taxes	$	3,158		$	1,297		$	1,861

Liabilities and stockholders’ deficit
Current liabilities:
Advertising fund liabilities		117,360			123,818			(6,458	)
Other accrued liabilities		100,185			97,760			2,425

Long-term liabilities:
Other accrued liabilities		36,181			23,644			12,537

Stockholders’ deficit:
Retained deficit		(2,926,921	)		(2,920,278	)		(6,643	)

ASU 2016-04, Liabilities – Extinguishment of Liabilities (Subtopic 405-20)

In March 2016, the FASB issued ASU 2016-04, Liabilities – Extinguishment of Liabilities (Subtopic 405-20): Recognition of Breakage for Certain Prepaid Stored-Value Products (“ASU 2016-04”). ASU 2016-04 aligns recognition of the financial liabilities related to prepaid stored-value products (for example, gift cards) with Topic 606, Revenues from Contracts with Customers, for non-financial liabilities. In general, these liabilities may be extinguished proportionately in earnings as redemptions occur, or when redemption is remote if issuers are not entitled to the unredeemed stored value. The Company adopted this guidance effective January 1, 2018 in connection with its adoption of ASC 606. The adoption of this standard did not have a material impact on the Company’s consolidated financial statements.

ASU 2016-18, Statement of Cash Flows (Topic 230)

In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash (“ASU 2016-18”), which requires that restricted cash and cash equivalents be included as components of total cash and cash equivalents as presented on the statement of cash flows. ASU 2016-18 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017 and a retrospective transition method is required. The Company adopted this guidance in the first quarter of 2018 using the retrospective approach. The Company historically presented changes in restricted cash and cash equivalents in the investing section of its consolidated statement of cash flows. This new guidance did not impact the Company’s financial results, but did result in a change in the presentation of restricted cash and restricted cash equivalents within the statement of cash flows.

ASU 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220)

In February 2018, the FASB issued ASU 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. The amendments in this updated standard allow a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act of 2017. The Company adopted this standard in the first quarter of 2018 and, as a result, recorded a $0.4 million reclassification from accumulated other comprehensive loss to the beginning balance of retained deficit during the first quarter of 2018.

Accounting Standards Not Yet Adopted

The Company has considered all new accounting pronouncements issued by the FASB and concluded the following accounting pronouncements may have a material impact on its consolidated financial statements, or represent accounting pronouncements for which the Company has not yet completed its assessment.

ASU 2016-02, Leases (Topic 842)

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) (“ASU 2016-02”). ASU 2016-02 requires a lessee to recognize assets and liabilities on the balance sheet for leases with lease terms greater than 12 months. ASU 2016-02 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018, and early adoption is permitted. Based on a preliminary assessment, the Company expects the adoption of this guidance to have a material impact on its assets and liabilities due to the recognition of right-of-use assets and lease liabilities on its consolidated balance sheets. The Company is continuing its assessment, which may identify additional impacts this guidance will have on its consolidated financial statements and disclosures. The Company’s current minimum lease commitments are disclosed in Note 5 to the 2017 Form 10-K.

ASU 2016-13, Measurement of Credit Losses on Financial Instruments (Topic 326)

In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”). ASU 2016-13 requires companies to measure credit losses utilizing a methodology that reflects expected credit losses and requires a consideration of a broader range of reasonable and supportable information to inform credit loss estimates. ASU 2016-13 is effective for fiscal years beginning after December 15, 2019, including those interim periods within those fiscal years. The Company is currently assessing the impact of adopting this standard, but does not expect the adoption of this guidance to have a material impact on its consolidated financial statements.

ASU 2017-04, Intangibles – Goodwill and Other (Topic 350)

In January 2017, the FASB issued ASU 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment (“ASU 2017-04”). ASU 2017-04 simplifies the subsequent measurement of goodwill by eliminating “Step 2” from the goodwill impairment test. ASU 2017-04 is effective for public companies’ annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company is currently assessing the impact of adopting this standard, but based on a preliminary assessment, does not expect the adoption of this guidance to have a material impact on its consolidated financial statements.

Basis of Presentation and Updates to Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 17, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Revenue Recognition	Revenue Recognition Domestic Company-owned stores revenues were $118.8 million in the second quarter of 2018 and were $240.0 million in the two fiscal quarters of 2018. Domestic Company-owned stores revenues are comprised of retail sales of food through Company-owned Domino’s Pizza stores located in the United States and are recognized when the items are delivered to or carried out by customers. Customer payments are generally due at the time of sale. Sales taxes related to these sales are collected from customers and remitted to the appropriate taxing authority and are not reflected in the Company’s condensed consolidated statements of income as revenue. Domestic franchise royalties and fees were $87.4 million in the second quarter of 2018 and were $176.9 million in the two fiscal quarters of 2018. Domestic franchise royalties and fees are primarily comprised of royalties and fees from Domino’s Pizza franchisees with operations in the United States. Royalty revenues are based on a percentage of franchise sales and are recognized when the items are delivered to or carried out by franchisees’ customers. Domestic franchise fee revenue primarily relates to per-transaction technology fees that are recognized as the related sales occur. Payments for domestic royalties and fees are generally due within seven days of the prior week end date. Supply chain revenues were $440.9 million in the second quarter of 2018 and were $881.0 million in the two fiscal quarters of 2018. Supply chain revenues are primarily comprised of sales of food, equipment and supplies to franchised Domino’s Pizza stores located in the United States and Canada. Revenues from the sale of food are recognized upon delivery of the food to franchisees and payments for food purchases are generally due within 30 days of the shipping date. Revenues from the sale of equipment and supplies are recognized upon delivery or shipment of the related products to franchisees, based on shipping terms, and payments for equipment and supplies are generally due within 90 days of the shipping date. The Company also offers profit sharing rebates and volume discounts to its franchisees. Obligations for profit sharing rebates are calculated each period based on actual results of its supply chain centers and are recognized as a reduction to revenue. Volume discounts are based on annual sales. Each period, the Company estimates the amount that will be earned and records a reduction to revenue. International franchise royalties and fees were $51.3 million in the second quarter of 2018 and were $103.8 million in the two fiscal quarters of 2018. International franchise royalties and fees are primarily comprised of royalties and fees from Domino’s Pizza franchisees outside of the United States. Royalty revenues are recognized when the items are delivered to or carried out by franchise customers. Store opening fees received from international franchisees are recognized as revenue on a straight-line basis over the term of each respective franchise store agreement, which is typically 10 years. Development fees received from international master franchisees are also deferred when amounts are received and are recognized as revenue on a straight-line basis over the term of the respective master franchise agreement, which is typically 10 years. International franchise royalties and fees are invoiced at least quarterly and payments are generally due within 60 days. Domestic franchise advertising revenues were $80.9 million in the second quarter of 2018 and were $163.1 million in the two fiscal quarters of 2018. Domestic franchise advertising revenues are primarily comprised of contributions from Domino’s Pizza franchisees with operations in the United States to the Domino’s National Advertising Fund Inc. (“DNAF”), the Company’s not-for-profit subsidiary that administers the Domino’s Pizza system’s national and market level advertising activities in the United States. These contributions are based on a percentage of franchise sales and are recognized when items are delivered to or carried out by franchisees’ customers. Payments for domestic franchise advertising revenues are generally due within seven days of the prior week end date. Although these revenues are restricted to be used only for advertising and promotional activities to benefit franchised stores, the Company has determined there are not performance obligations associated with the franchise advertising contributions received by DNAF that are separate from its domestic royalty payment stream and as a result, these franchise contributions and the related expenses are presented gross in the Company’s condensed consolidated statement of income.
Disaggregation of Revenue	Disaggregation of Revenue ASC 606 requires that companies disaggregate revenue from contracts with customers into categories that depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. The Company has included its revenues disaggregated in its condensed consolidated statements of income to satisfy this requirement.
Advertising Costs	Advertising Costs Domestic Stores (Note 3) are required to contribute a certain percentage of sales to DNAF. Domestic franchise advertising costs are accrued and expensed when the related domestic franchise advertising revenues are recognized, as DNAF is obligated to expend such revenues on advertising. Advertising costs funded by Company-owned stores are generally expensed as incurred and are included in general and administrative expense. The contributions from Company-owned stores that have not yet been expended are included in advertising fund assets, restricted on the Company’s consolidated balance sheet. As of June 17, 2018, advertising fund assets, restricted of $123.8 million included approximately $6.4 million of cash contributed from Company-owned stores that had not yet been expended and approximately $117.4 million of assets which consisted of $106.6 million of cash and investments, $9.6 million of accounts receivable and $1.2 million of prepaid expenses. Domestic franchise advertising costs expended by DNAF are included in domestic franchise advertising expenses in the Company’s consolidated statement of income. Certain costs incurred by the Company on behalf of DNAF were included in general and administrative expense in years prior to 2018. Refer to Note 13 for the full impact of the adoption of ASC 606 on the Company’s financial statements.

Contract Liabilities (Tables)

6 Months Ended

Jun. 17, 2018

Revenue from Contract with Customer [Abstract]

Schedule of Contract Liabilities Consist of Deferred Franchise Fees and Deferred Development Fees


	Two Fiscal Quarters Ended
(In thousands)	June 17, 2018
Deferred franchise fees and deferred development fees at beginning of period	$	19,404
Revenue recognized during the period		(2,325	)
New deferrals due to cash received and other		3,239

Deferred franchise fees and deferred development fees at end of period	$	20,318

Segment Information (Tables)

6 Months Ended

Jun. 17, 2018

Segment Reporting [Abstract]

Financial Information by Operating Segment


	Fiscal Quarters Ended June 17, 2018 and June 18, 2017
	Domestic Stores (1)		Supply Chain		International Franchise (2)		Intersegment Revenues			Other			Total
Revenues
2018	$	287,142	$	474,471	$	51,337	$	(33,554	)	$	—		$	779,396
2017		194,833		420,725		43,674		(30,621	)		—			628,611
Income from operations
2018	$	73,193	$	36,494	$	39,104		N/A		$	(22,646	)	$	126,145
2017		64,296		33,304		35,602		N/A			(20,335	)		112,867
Segment Income
2018	$	76,087	$	39,454	$	39,150		N/A		$	(10,241	)	$	144,450
2017		66,895		35,874		35,647		N/A			(10,698	)		127,718

	Two Fiscal Quarters Ended June 17, 2018 and June 18, 2017
	Domestic Stores (1)		Supply Chain		International Franchise (2)		Intersegment Revenues			Other			Total
Revenues
2018	$	580,029	$	948,426	$	103,758	$	(67,446	)	$	—		$	1,564,767
2017		388,279		840,731		85,892		(62,074	)		—			1,252,828
Income from operations
2018	$	148,481	$	73,866	$	80,628		N/A		$	(43,354	)	$	259,621
2017		131,623		69,263		68,776		N/A			(40,761	)		228,901
Segment Income
2018	$	154,431	$	79,610	$	80,721		N/A		$	(19,337	)	$	295,425
2017		136,769		74,388		68,864		N/A			(21,369	)		258,652

(1)

(2)

Reconciliation of Total Segment Income to Consolidated Income Before Provision for Income Taxes

The following table reconciles Total Segment Income to consolidated income before provision for income taxes.


	Fiscal Quarter Ended						Two Fiscal Quarters Ended
	June 17, 2018			June 18, 2017			June 17, 2018			June 18, 2017
Total Segment Income	$	144,450		$	127,718		$	295,425		$	258,652
Depreciation and amortization		(12,240	)		(10,275	)		(23,310	)		(19,773	)
Losses on sale/disposal of assets		(154	)		(163	)		(519	)		(345	)
Non-cash compensation expense		(5,379	)		(4,413	)		(11,443	)		(9,633	)
Recapitalization-related expenses		(532	)		—			(532	)		—

Income from operations		126,145			112,867			259,621			228,901
Interest income		1,179			276			1,659			387
Interest expense		(36,127	)		(24,611	)		(66,413	)		(50,242	)

Income before provision for income taxes	$	91,197		$	88,532		$	194,867		$	179,046

Earnings Per Share (Tables)

6 Months Ended

Jun. 17, 2018

Earnings Per Share [Abstract]

Earnings Per Share


	Fiscal Quarter Ended				Two Fiscal Quarters Ended
	June 17, 2018		June 18, 2017		June 17, 2018		June 18, 2017
Net income available to common stockholders – basic and diluted	$	77,408	$	65,741	$	166,235	$	128,210

Basic weighted average number of shares		42,044,035		47,972,526		42,433,073		47,906,187
Earnings per share – basic	$	1.84	$	1.37	$	3.92	$	2.68
Diluted weighted average number of shares		43,582,996		49,776,821		43,981,253		49,741,794
Earnings per share – diluted	$	1.78	$	1.32	$	3.78	$	2.58

Stockholders' Deficit (Tables)

6 Months Ended

Jun. 17, 2018

Federal Home Loan Banks [Abstract]

Changes in Stockholders' Deficit

The following table summarizes changes in Stockholders’ Deficit for the two fiscal quarters of 2018.


	Common Stock						Additional Paid-in Capital			Retained Deficit			Accumulated Other Comprehensive Loss
	Shares			Amount			Additional Paid-in Capital			Retained Deficit			Accumulated Other Comprehensive Loss
Balance at December 31, 2017		42,898,329		$	429		$	5,654		$	(2,739,437	)	$	(2,030	)
Net income		—			—			—			166,235			—
Common stock dividends and equivalents		—			—			—			(46,561	)		—
Issuance of common stock, net		7,866			—			—			—			—
Tax payments for restricted stock upon vesting		(10,237	)		—			(2,318	)		—			—
Purchases of common stock		(1,353,564	)		(14	)		(19,245	)		(300,808	)		—
Exercise of stock options		295,299			3			5,203			—			—
Non-cash compensation expense		—			—			11,443			—			—
Adoption of ASC 606 (Note 13)		—			—			—			(6,701	)		—
Currency translation adjustment		—			—			—			—			(1,058	)
Reclassification adjustment for stranded taxes (Note 13)		—			—			—			351			(351	)

Balance at June 17, 2018		41,837,693		$	418		$	737		$	(2,926,921	)	$	(3,439	)

Fair Value Measurements (Tables)

6 Months Ended

Jun. 17, 2018

Fair Value Disclosures [Abstract]

Carrying Amounts and Fair Values of Certain Assets


	At June 17, 2018
	Carrying Amount		Fair Value Estimated Using
	Carrying Amount		Level 1 Inputs		Level 2 Inputs		Level 3 Inputs
Cash equivalents	$	137,794	$	137,794	$	—	$	—
Restricted cash equivalents		90,837		90,837		—		—
Investments in marketable securities		8,866		8,866		—		—
Advertising fund cash equivalents, restricted		27,283		27,283		—		—
Advertising fund investments, restricted		80,152		80,152		—		—

	At December 31, 2017
	Carrying Amount		Fair Value Estimated Using
	Carrying Amount		Level 1 Inputs		Level 2 Inputs		Level 3 Inputs
Cash equivalents	$	7,933	$	7,933	$	—	$	—
Restricted cash equivalents		96,375		96,375		—		—
Investments in marketable securities		8,119		8,119		—		—
Advertising fund cash equivalents, restricted		19,945		19,945		—		—
Advertising fund investments, restricted		74,007		74,007		—		—

Schedule of Estimated Fair Value

Management estimated the approximate fair values of the 2015 fixed-rate notes, the 2017 fixed-and-floating rate notes and the 2018 fixed-rate notes as follows (in thousands):


	June 17, 2018				December 31, 2017
	Principal Amount		Fair Value		Principal Amount		Fair Value
2015 Five-Year Fixed Rate Notes	$	—	$	—	$	492,500	$	494,470
2015 Ten-Year Fixed Rate Notes		784,000		797,328		788,000		821,884
2017 Five-Year Fixed Rate Notes		595,500		578,826		598,500		592,515
2017 Ten-Year Fixed Rate Notes		992,500		981,583		997,500		1,023,435
2017 Five-Year Floating Rate Notes		297,750		298,941		299,250		300,746
2018 7.5-Year Fixed Rate Notes		425,000		422,875		—		—
2018 9.25-Year Fixed Rate Notes		400,000		402,400		—		—

New Accounting Pronouncements (Tables)

6 Months Ended

Jun. 17, 2018

Accounting Changes and Error Corrections [Abstract]

Cumulative Effect of Changes Made to Consolidated Balance Sheet

The cumulative effect of the changes made to the Company’s consolidated balance sheet as of January 1, 2018 for the adoption of ASC 606 were as follows (in thousands):


	Balance at December 31, 2017			Adjustments Due to ASC 606			Balance at January 1, 2018
Assets
Other assets:
Deferred income taxes	$	2,750		$	1,878		$	4,628

Liabilities and stockholders’ deficit
Current liabilities:
Advertising fund liabilities		120,223			(6,425	)		113,798
Other accrued liabilities		58,578			2,365			60,943

Long-term liabilities:
Other accrued liabilities		21,751			12,639			34,390

Stockholders’ deficit:
Retained deficit		(2,739,437	)		(6,701	)		(2,746,138	)

Impact of Adoption on Company's Condensed Consolidated Statement of Income and Condensed Consolidated Balance Sheet


	Fiscal Quarter Ended June 17, 2018
	As Reported		Balances without the Adoption of ASC 606		Effect of Change Higher/ (Lower)
Revenues:
Domestic franchise royalties and fees	$	87,418	$	91,216	$	(3,798	)
International franchise royalties and fees		51,337		51,333		4
Domestic franchise advertising		80,929		—		80,929

General and administrative		86,506		90,327		(3,821	)
Domestic franchise advertising		80,929		—		80,929
Income from operations		126,145		126,118		27
Income before provision for income taxes		91,197		91,170		27
Provision for income taxes		13,789		13,783		6
Net income		77,408		77,387		21


	Two Fiscal Quarters Ended June 17, 2018
	As Reported		Balances without the Adoption of ASC 606		Effect of Change Higher/ (Lower)
Revenues:
Domestic franchise royalties and fees	$	176,908	$	185,284	$	(8,376	)
International franchise royalties and fees		103,758		103,716		42
Domestic franchise advertising		163,140		—		163,140

General and administrative		170,684		179,093		(8,409	)
Domestic franchise advertising		163,140		—		163,140
Income from operations		259,621		259,546		75
Income before provision for income taxes		194,867		194,792		75
Provision for income taxes		28,632		28,615		17
Net income		166,235		166,177		58


	June 17, 2018
	As Reported			Balances without the Adoption of ASC 606			Effect of Change Higher/ (Lower)
Assets
Other assets:
Deferred income taxes	$	3,158		$	1,297		$	1,861

Liabilities and stockholders’ deficit
Current liabilities:
Advertising fund liabilities		117,360			123,818			(6,458	)
Other accrued liabilities		100,185			97,760			2,425

Long-term liabilities:
Other accrued liabilities		36,181			23,644			12,537

Stockholders’ deficit:
Retained deficit		(2,926,921	)		(2,920,278	)		(6,643	)

Basis of Presentation and Updates to Significant Accounting Policies - Additional Information (Detail) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jun. 17, 2018

Jun. 18, 2017

Jun. 17, 2018

Jun. 18, 2017

Dec. 31, 2017

^[1]

$ 779,396

$ 628,611

$ 1,564,767

$ 1,252,828

International Franchise [Member] | Alaska and Hawaii [Member]

123,818

$ 120,223

International Franchise [Member] | International Franchise Royalties and Fees [Member]

600

1,200

Domestic Stores [Member] | Domestic Franchise [Member]

51,337

43,674

103,758

85,892

Domestic Stores [Member] | Domestic Franchise [Member] | Cash and Investments [Member]

117,400

Domestic Stores [Member] | Domestic Franchise [Member] | Prepaid Expenses [Member]

106,600

Domestic Stores [Member] | Domestic Franchise [Member] | Accounts Receivable [Member]

1,200

Domestic Stores [Member] | Domestic Company Owned Stores [Member]

9,600

Cash contributed from company owned store

118,795

112,430

239,981

225,975

6,400

Domestic Stores [Member] | Domestic Franchise Royalties and Fees [Member]

Domestic Stores [Member] | Domestic Franchise Advertising [Member]

87,418

82,403

176,908

162,304

80,929

163,140

Supply Chain [Member]

$ 440,917

$ 390,104

$ 880,980

$ 778,657

[1]	Note: The balance sheet at December 31, 2017 has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements.

Schedule of Contract Liabilities Consist of Deferred Franchise Fees and Deferred Development Fees (Detail) $ in Thousands	6 Months Ended
	Jun. 17, 2018 USD ($)
Revenue from Contract with Customer [Abstract]
Deferred franchise fees and deferred development fees at beginning of period	$ 19,404
Revenue recognized during the period	(2,325)
New deferrals due to cash received and other	3,239
Deferred franchise fees and deferred development fees at end of period	$ 20,318

Financial Information by Operating Segment (Detail) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jun. 17, 2018

Jun. 18, 2017

Jun. 17, 2018

Jun. 18, 2017

$ 779,396

$ 628,611

$ 1,564,767

$ 1,252,828

126,145

112,867

259,621

228,901

144,450

127,718

295,425

258,652

Supply Chain [Member]

Operating Segments [Member] | Domestic Stores [Member]

440,917

390,104

880,980

778,657

^[1]

287,142

194,833

580,029

388,279

^[1]

73,193

64,296

148,481

131,623

Operating Segments [Member] | Supply Chain [Member]

^[1]

76,087

66,895

154,431

136,769

474,471

420,725

948,426

840,731

36,494

33,304

73,866

69,263

Operating Segments [Member] | International Franchise [Member]

39,454

35,874

79,610

74,388

^[2]

51,337

43,674

103,758

85,892

^[2]

39,104

35,602

80,628

68,776

Intersegment Revenues [Member]

^[2]

39,150

35,647

80,721

68,864

Segment Reconciling [Member]

(33,554)

(30,621)

(67,446)

(62,074)

(22,646)

(20,335)

(43,354)

(40,761)

$ (10,241)

$ (10,698)

$ (19,337)

$ (21,369)

[1]

[2]

The International Franchise segment includes $0.6 million in revenues, income from operations and Segment Income in the fiscal quarter ended June 18, 2017 related to franchised stores in Alaska and Hawaii. The International Franchise segment includes $1.2 million in revenues and $1.1 million in income from operations and Segment Income in the two fiscal quarters ended June 18, 2017 related to franchised stores in Alaska and Hawaii. Beginning in the first quarter of 2018, franchised stores in Alaska and Hawaii are managed as part of the Company's Domestic Stores business and are included in the Domestic Stores segment results.

Financial Information by Operating Segment (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 17, 2018	Jun. 18, 2017	Jun. 17, 2018	Jun. 18, 2017
Segment Reporting Information [Line Items]
Revenue	$ 779,396	$ 628,611	$ 1,564,767	$ 1,252,828
Income from operations	126,145	112,867	259,621	228,901
Segment Income	144,450	127,718	295,425	258,652
Domestic Stores [Member] \| Domestic Franchise Advertising [Member]
Segment Reporting Information [Line Items]
Revenue	$ 80,929		$ 163,140
Alaska and Hawaii [Member] \| International Franchise [Member]
Segment Reporting Information [Line Items]
Revenue		$ 600		1,200
Income from operations				1,100
Segment Income				$ 1,100

Reconciliation of Total Segment Income to Consolidated Income Before Provision for Income Taxes (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 17, 2018	Jun. 18, 2017	Jun. 17, 2018	Jun. 18, 2017
Segment Reconciliation [Abstract]
Total Segment Income	$ 144,450	$ 127,718	$ 295,425	$ 258,652
Depreciation and amortization	(12,240)	(10,275)	(23,310)	(19,773)
Losses on sale/disposal of assets	(154)	(163)	(519)	(345)
Non-cash compensation expense	(5,379)	(4,413)	(11,443)	(9,633)
Recapitalization-related expenses	(532)		(532)
Income from operations	126,145	112,867	259,621	228,901
Interest income	1,179	276	1,659	387
Interest expense	(36,127)	(24,611)	(66,413)	(50,242)
Income before provision for income taxes	$ 91,197	$ 88,532	$ 194,867	$ 179,046

Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 17, 2018	Jun. 18, 2017	Jun. 17, 2018	Jun. 18, 2017
Earnings Per Share [Abstract]
Net income available to common stockholders-basic and diluted	$ 77,408	$ 65,741	$ 166,235	$ 128,210
Basic weighted average number of shares	42,044,035	47,972,526	42,433,073	47,906,187
Earnings per share - basic	$ 1.84	$ 1.37	$ 3.92	$ 2.68
Diluted weighted average number of shares	43,582,996	49,776,821	43,981,253	49,741,794
Earnings per share - diluted	$ 1.78	$ 1.32	$ 3.78	$ 2.58

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

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+ Details

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
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+ Details

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Earnings Per Share - Additional Information (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 17, 2018	Jun. 18, 2017	Jun. 17, 2018	Jun. 18, 2017
Stock Option [Member]
Earnings Per Share [Line Items]
Anti-dilutive Securities Excluded from Computation of Earnings Per Share	68,760	69,010	90,670	69,010
Restricted Performance Shares [Member]
Earnings Per Share [Line Items]
Securities excluded from computation of earnings per share, amount unvested	116,624	141,296	116,624	141,296

Changes in Stockholders' Deficit (Detail) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jun. 17, 2018

Jun. 18, 2017

Jun. 17, 2018

Jun. 18, 2017

^[1]

$ (2,735,384)

$ 77,408

$ 65,741

166,235

$ 128,210

$ (2,929,205)

Common Stock [Member]

Beginning Balance, (in shares)

42,898,329

Issuance of common stock, net, (in shares)

$ 429

7,866

Tax payments for restricted stock upon vesting, (in shares)

$ 0

(10,237)

Purchases of common stock, (in shares)

(1,353,564)

Exercise of stock options, (in shares)

$ (14)

295,299

Exercise of stock options

$ 3

Ending Balance, (in shares)

41,837,693

Additional Paid-in Capital [Member]

$ 418

5,654

Tax payments for restricted stock upon vesting

(2,318)

Exercise of stock options

(19,245)

5,203

Non-cash compensation expense

11,443

Retained Deficit [Member]

737

(2,739,437)

Common stock dividends and equivalents

166,235

(46,561)

Adoption of ASC 606 (Note 13)

(300,808)

(6,701)

Reclassification adjustment for stranded taxes (Note 13)

351

Accumulated Other Comprehensive Loss [Member]

(2,926,921)

(2,030)

Currency translation adjustment

(1,058)

Reclassification adjustment for stranded taxes (Note 13)

(351)

Dividends declared per share

$ (3,439)

[1]	Note: The balance sheet at December 31, 2017 has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements.

Dividends - Additional Information (Detail) - USD ($)
$ / shares in Units, $ in Thousands

3 Months Ended

6 Months Ended

Jul. 18, 2018

Apr. 24, 2018

Jun. 17, 2018

Jun. 18, 2017

Jun. 17, 2018

Jun. 18, 2017

Dec. 31, 2017

^[1]

Dividends Payable [Line Items]

$ 0.55

$ 0.46

$ 1.10

$ 0.92

Common stock dividends accrued

$ 23,559

$ 536

Dividend declared date

Apr. 24, 2018

Record date of dividend

Jun. 15, 2018

Dividend payable date

Jun. 29, 2018

Subsequent Event [Member]

Dividends Payable [Line Items]

Dividends declared per share

$ 0.55

Dividend declared date

Jul. 18, 2018

Record date of dividend

Sep. 14, 2018

Dividend payable date

Sep. 28, 2018

[1]	Note: The balance sheet at December 31, 2017 has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements.

Accumulated Other Comprehensive Loss - Additional Information (Detail) - USD ($)

6 Months Ended

Jun. 17, 2018

Jun. 18, 2017

Dec. 31, 2017

^[1]

Other Comprehensive Income [Line Items]

Accumulated other comprehensive loss

$ (3,439,000)

$ (2,030,000)

Reclassification losses from accumulated other comprehensive loss to net income

$ 0

Accumulated Other Comprehensive Loss [Member]

Other Comprehensive Income [Line Items]

Reclassification of certain tax effects from accumulated other comprehensive income

$ (351,000)

[1]	Note: The balance sheet at December 31, 2017 has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements.

Recapitalization - Additional Information (Detail) - 2018 Recapitalization [Member] - USD ($) $ in Millions		6 Months Ended
	Apr. 24, 2018	Jun. 17, 2018
2018 Notes [Member]
Debt Instrument [Line Items]
Scheduled principal payments in year 2018		$ 4.1
Scheduled principal payments in year 2019		8.3
Scheduled principal payments in year 2020		8.3
Scheduled principal payments in year 2021		8.3
Scheduled principal payments in year 2022		8.3
Scheduled principal payments in year 2023		8.3
Scheduled principal payments in year 2024		8.3
Scheduled principal payments in year 2025		401.4
Scheduled principal payments in year 2026		4.0
Scheduled principal payments in year 2027		366.0
Gross proceeds from the issuance of debt		825.0
Debt issuance costs		8.2
2018 A-2-I Notes [Member]
Debt Instrument [Line Items]
Debt instrument face amount	$ 425.0
Debt instrument, stated percentage	4.116%
Debt instrument, term	7 years 6 months
2018 A-2-II Notes [Member]
Debt Instrument [Line Items]
Debt instrument face amount	$ 400.0
Debt instrument, stated percentage	4.328%
Debt instrument, term	9 years 3 months
2015 Five Year Fixed Rate Notes [Member]
Debt Instrument [Line Items]
Repayment of principal and interest		490.1
Remaining unamortized debt issuance costs expensed by company		$ 3.2

Open Market Share Repurchase Program - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 17, 2018	Jun. 18, 2017	Jun. 17, 2018	Jun. 18, 2017
Equity [Abstract]
Common stock repurchased and retired (in shares)	905,556	0	1,353,564	80,360
Payments for purchases of common stock	$ 219,000		$ 320,067	$ 12,721
Common stock repurchased and retired during period, average price	$ 241.82		$ 236.46	$ 158.30
Stock repurchase remaining authorized repurchase amount	$ 429,900		$ 429,900

Carrying Amounts and Fair Values of Certain Assets (Detail) - USD ($) $ in Thousands	Jun. 17, 2018	Dec. 31, 2017
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents, carrying amount	$ 137,794	$ 7,933
Restricted cash equivalents, carrying amount	90,837	96,375
Investments in marketable securities, carrying amount	8,866	8,119
Advertising fund cash equivalents, restricted, carrying amount	27,283	19,945
Advertising fund investments, restricted, carrying amount	80,152	74,007
Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents, fair value	137,794	7,933
Restricted cash equivalents, fair value	90,837	96,375
Investments in marketable securities, carrying amount	8,866	8,119
Advertising fund cash equivalents, restricted, fair value	27,283	19,945
Advertising fund investments, restricted, fair value	$ 80,152	$ 74,007

Schedule of Estimated Fair Value (Detail) - USD ($) $ in Thousands	Jun. 17, 2018	Dec. 31, 2017
2015 Class Five-Year Notes [Member]
Debt Instrument [Line Items]
Principal Amount		$ 492,500
Fair Value		494,470
2015 Ten-Year Notes [Member]
Debt Instrument [Line Items]
Principal Amount	$ 784,000	788,000
Fair Value	797,328	821,884
2017 Five-Year Fixed Rate Notes [Member]
Debt Instrument [Line Items]
Principal Amount	595,500	598,500
Fair Value	578,826	592,515
2017 Ten-Year Fixed Rate Notes [Member]
Debt Instrument [Line Items]
Principal Amount	992,500	997,500
Fair Value	981,583	1,023,435
2017 Five-Year Floating Rate Notes [Member]
Debt Instrument [Line Items]
Principal Amount	297,750	299,250
Fair Value	298,941	$ 300,746
2018 7.5-Year Fixed Rate Notes [Member]
Debt Instrument [Line Items]
Principal Amount	425,000
Fair Value	422,875
2018 9.25-Year Fixed Rate Notes [Member]
Debt Instrument [Line Items]
Principal Amount	400,000
Fair Value	$ 402,400

Legal Matters - Additional Information (Detail) - Yvonne Wiederhold [Member] $ in Millions	Feb. 14, 2011 USD ($)
Legal Settlement By Party [Line Items]
Amount delivered for plaintiff	$ 10.1
Percentage liable by company for plaintiff	90.00%
Litigation settlement, amount	$ 8.9

Supplemental Disclosures of Cash Flow Information - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended	6 Months Ended	12 Months Ended
	Mar. 25, 2018	Jun. 17, 2018	Dec. 31, 2017
Supplemental Cash Flow Elements [Abstract]
Capital expenditure accrual		$ 2.2	$ 4.0
Capital lease of supply chain center building expiration year	2033
Capital lease		$ 2.6

New Accounting Pronouncements - Additional Information (Detail) - USD ($)
$ in Thousands

6 Months Ended

12 Months Ended

Jun. 17, 2018

Dec. 31, 2017

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Deferred tax asset

$ 3,158

$ 2,750

^[1]

Accumulated Other Comprehensive Loss [Member]

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Reclassification of certain tax effects from accumulated other comprehensive income

$ (351)

Accounting Standards Update 2014-09 [Member]

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Adjustment to beginning retained deficit

(15,000)

Contract liability, Current

2,400

Contract liability, Noncurrent

12,600

Deferred tax asset

$ 3,500

Term of franchise store agreement

10 years

Adjustment to retained deficit

$ (6,400)

Deferred tax liability

$ 1,600

[1]	Note: The balance sheet at December 31, 2017 has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements.

New Accounting Pronouncements - Cumulative Effect of Changes Made to Consolidated Balance Sheet (Detail) - USD ($)
$ in Thousands

Jun. 17, 2018

Dec. 31, 2017

$ 3,158

$ 2,750

^[1]

117,360

120,223

^[1]

100,185

117,554

^[1]

36,181

21,751

^[1]

Accounting Standards Update 2014-09 [Member]

(2,926,921)

(2,739,437)

^[1]

Scenario, Previously Reported [Member]

3,500

1,297

2,750

123,818

120,223

97,760

58,578

23,644

21,751

Restatement Adjustment [Member]

(2,920,278)

(2,739,437)

1,861

(6,458)

2,425

12,537

Restatement Adjustment [Member] | Accounting Standards Update 2014-09 [Member]

$ (6,643)

1,878

(6,425)

2,365

12,639

Scenario As Restated [Member]

(6,701)

4,628

113,798

60,943

34,390

$ (2,746,138)

[1]	Note: The balance sheet at December 31, 2017 has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements.

New Accounting Pronouncements - Impact of Adoption on Company's Condensed Consolidated Statement of Income and Condensed Consolidated Balance Sheet (Detail) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jun. 17, 2018

Jun. 18, 2017

Jun. 17, 2018

Jun. 18, 2017

Dec. 31, 2017

Revenues:

General and administrative

$ 779,396

$ 628,611

$ 1,564,767

$ 1,252,828

86,506

79,978

170,684

157,760

Income before provision for income taxes

126,145

112,867

259,621

228,901

91,197

88,532

194,867

179,046

Provision for income taxes

13,789

22,791

28,632

50,836

77,408

65,741

166,235

128,210

3,158

$ 2,750

^[1]

117,360

120,223

^[1]

100,185

117,554

^[1]

36,181

21,751

^[1]

Domestic Stores [Member] | Domestic Franchise Royalties and Fees [Member]

(2,926,921)

(2,739,437)

^[1]

Revenues:

Domestic Stores [Member] | Domestic Franchise Advertising [Member]

87,418

82,403

176,908

162,304

Revenues:

Domestic franchise advertising

80,929

163,140

80,929

163,140

International Franchise [Member] | International Franchise Royalties and Fees [Member]

Revenues:

Scenario, Previously Reported [Member]

51,337

$ 43,674

103,758

$ 85,892

Revenues:

General and administrative

90,327

179,093

Income before provision for income taxes

126,118

259,546

91,170

194,792

Provision for income taxes

13,783

28,615

77,387

166,177

1,297

2,750

123,818

120,223

97,760

58,578

23,644

21,751

Scenario, Previously Reported [Member] | Domestic Stores [Member] | Domestic Franchise Royalties and Fees [Member]

(2,920,278)

$ (2,739,437)

Revenues:

Scenario, Previously Reported [Member] | International Franchise [Member] | International Franchise Royalties and Fees [Member]

91,216

185,284

Revenues:

Restatement Adjustment [Member]

51,333

103,716

Revenues:

General and administrative

(3,821)

(8,409)

Income before provision for income taxes

Provision for income taxes

1,861

(6,458)

2,425

12,537

Restatement Adjustment [Member] | Domestic Stores [Member] | Domestic Franchise Royalties and Fees [Member]

(6,643)

Revenues:

Restatement Adjustment [Member] | Domestic Stores [Member] | Domestic Franchise Advertising [Member]

(3,798)

(8,376)

Revenues:

Domestic franchise advertising

80,929

163,140

80,929

163,140

Restatement Adjustment [Member] | International Franchise [Member] | International Franchise Royalties and Fees [Member]

Revenues: