Noodles & Company (NDLS) 10-Q 17 Jun 20 2020 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2020	Jun. 12, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2020
Document Transition Report	false
Entity File Number	001-35987
Entity Registrant Name	NOODLES & COMPANY
Entity Central Index Key	0001275158
Current Fiscal Year End Date	--12-29
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	84-1303469
Entity Address, Address Line One	520 Zang Street, Suite D
Entity Address, City or Town	Broomfield,
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80021
City Area Code	720
Local Phone Number	214-1900
Title of 12(b) Security	Class A Common Stock, $0.01 par value per share
Trading Symbol	NDLS
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		44,239,120

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 50,530	$ 10,459
Accounts receivable	1,926	3,503
Inventories	9,538	9,871
Prepaid expenses and other assets	2,707	5,386
Income tax receivable	155	103
Total current assets	64,856	29,322
Property and equipment, net	128,669	128,867
Operating lease assets, net	210,254	209,717
Goodwill	7,154	7,154
Intangibles, net	868	883
Other assets, net	2,378	2,576
Total long-term assets	349,323	349,197
Total assets	414,179	378,519
Current liabilities:
Accounts payable	9,350	9,351
Accrued payroll and benefits	7,119	13,479
Accrued expenses and other current liabilities	9,898	11,679
Current operating lease liabilities	22,982	22,775
Current portion of long-term debt	750	750
Total current liabilities	50,099	58,034
Long-term debt, net	85,382	40,497
Long-term operating lease liabilities, net	228,232	225,014
Deferred tax liabilities, net	214	200
Other long-term liabilities	5,346	4,203
Total liabilities	369,273	327,948
Stockholders’ equity:
Preferred stock—$0.01 par value, 1,000,000 shares authorized and undesignated as of March 31, 2020 and December 31, 2019; no shares issued or outstanding	0	0
Common stock—$0.01 par value, 180,000,000 shares authorized as of March 31, 2020 and December 31, 2019; 46,583,879 issued and 44,160,008 outstanding as of March 31, 2020 and 46,557,934 issued and 44,134,063 outstanding as of December 31, 2019	466	466
Treasury stock, at cost, 2,423,871 shares as of March 31, 2020 and December 31, 2019	(35,000)	(35,000)
Additional paid-in capital	200,755	200,585
Accumulated deficit	(121,315)	(115,480)
Total stockholders’ equity	44,906	50,571
Total liabilities and stockholders’ equity	$ 414,179	$ 378,519

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Preferred stock, par value (USD per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (USD per share)	$ 0.01	$ 0.01
Common stock, shares authorized	180,000,000	180,000,000
Common stock, shares, issued	46,583,879	46,557,934
Common stock, shares, outstanding	44,160,008	44,134,063
Treasury stock, shares	2,423,871	2,423,871

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Apr. 02, 2019
Revenue:
Total revenue	$ 100,348	$ 110,046
Restaurant operating costs (exclusive of depreciation and amortization shown separately below):
Other restaurant operating costs	16,689	16,456
General and administrative	10,554	10,140
Depreciation and amortization	5,335	5,507
Pre-opening	73	0
Restaurant impairments, closure costs and asset disposals	1,056	420
Total costs and expenses	105,202	111,136
Loss from operations	(4,854)	(1,090)
Interest expense, net	968	761
Loss before taxes	(5,822)	(1,851)
Provision for income taxes	13	0
Net loss and comprehensive loss	$ (5,835)	$ (1,851)
Loss per Class A and Class B common stock, combined
Basic (USD per share)	$ (0.13)	$ (0.04)
Diluted (USD per share)	$ (0.13)	$ (0.04)
Weighted average shares of Class A and Class B common stock outstanding, combined:
Basic (in shares)	44,142,220	43,933,235
Diluted (in shares)	44,142,220	43,933,235
Restaurant revenue
Revenue:
Total revenue	$ 98,716	$ 108,765
Restaurant operating costs (exclusive of depreciation and amortization shown separately below):
Restaurant operating costs	25,204	29,091
Franchising royalties and fees, and other
Revenue:
Total revenue	1,632	1,281
Labor
Restaurant operating costs (exclusive of depreciation and amortization shown separately below):
Restaurant operating costs	34,231	37,092
Occupancy
Restaurant operating costs (exclusive of depreciation and amortization shown separately below):
Restaurant operating costs	$ 12,060	$ 12,430

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands		Total	Adoption of ASU No. 2016-02 Leases	Common Stock		Treasury Stock	Additional Paid-in Capital	Accumulated Deficit	Accumulated DeficitAdoption of ASU No. 2016-02 Leases
Beginning balance (in shares) at Jan. 01, 2019				46,353,309	[1]	2,423,871
Beginning balance at Jan. 01, 2019		$ 52,681	$ (5,992)	$ 464	[1]	$ (35,000)	$ 198,352	$ (111,135)	$ (5,992)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock plan transactions and other (in shares)	[1]			17,642
Stock plan transactions and other		21		$ 0	[1]		21
Stock-based compensation expense		737					737
Net loss		(1,851)						(1,851)
Ending balance (in shares) at Apr. 02, 2019				46,370,951	[1]	2,423,871
Ending balance at Apr. 02, 2019		45,596		$ 464	[1]	$ (35,000)	199,110	(118,978)
Beginning balance (in shares) at Dec. 31, 2019				46,557,934	[1]	2,423,871
Beginning balance at Dec. 31, 2019		50,571		$ 466	[1]	$ (35,000)	200,585	(115,480)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock plan transactions and other (in shares)	[1]			25,945
Stock plan transactions and other		(1)		$ 0	[1]		(1)
Stock-based compensation expense		171					171
Net loss		(5,835)						(5,835)
Ending balance (in shares) at Mar. 31, 2020				46,583,879	[1]	2,423,871
Ending balance at Mar. 31, 2020		$ 44,906		$ 466	[1]	$ (35,000)	$ 200,755	$ (121,315)
[1]	Unless otherwise noted, activity relates to Class A common stock.

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Apr. 02, 2019
Operating activities
Net loss	$ (5,835)	$ (1,851)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	5,335	5,507
Deferred income taxes	13	0
Restaurant impairments, closure costs and asset disposals	750	145
Amortization of debt issuance costs	73	125
Stock-based compensation	159	726
Changes in operating assets and liabilities:
Accounts receivable	1,577	362
Inventories	304	(223)
Prepaid expenses and other assets	1,131	50
Accounts payable	(106)	2,798
Income taxes	(52)	(6)
Operating lease assets and liabilities	2,885	(328)
Accrued expenses and other liabilities	(6,892)	(7,191)
Net cash (used in) provided by operating activities	(658)	114
Investing activities
Purchases of property and equipment	(3,919)	(4,164)
Franchise restaurant acquisition, net of cash acquired	0	(1,387)
Net cash used in investing activities	(3,919)	(5,551)
Financing activities
Net payments from swing line loan	0	3,071
Proceeds from issuance of long-term debt	47,000	0
Payments on long-term debt	(2,188)	(313)
Payments on finance leases	(163)	(197)
Stock plan transactions and tax withholding on share-based compensation awards	(1)	21
Net cash provided by financing activities	44,648	2,582
Net increase (decrease) in cash and cash equivalents	40,071	(2,855)
Cash and cash equivalents
Beginning of period	10,459	4,655
End of period	$ 50,530	$ 1,800

Business Summary and Basis of P

Business Summary and Basis of Presentation	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business Summary and Basis of Presentation	Business Summary and Basis of Presentation Business Noodles & Company (the “Company”), a Delaware corporation, develops and operates fast casual restaurants that serve globally inspired noodle and pasta dishes, soups, salads and appetizers. As of March 31, 2020 , the Company had 381 company-owned restaurants and 77 franchise restaurants in 29 states and the District of Columbia. The Company operates its business as one operating and reportable segment. Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of Noodles & Company and its subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. The accompanying interim unaudited condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States of America (“GAAP”) for complete financial statements. In the opinion of the Company, all adjustments considered necessary for the fair presentation of the Company’s results of operations, financial position and cash flows for the periods presented have been included and are of a normal, recurring nature. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The results of operations for any interim period are not necessarily indicative of results for the full year. Certain information and footnote disclosures normally included in the Company’s annual consolidated financial statements on Form 10-K have been condensed or omitted. The condensed consolidated balance sheet as of December 31, 2019 was derived from audited financial statements. These financial statements should be read in conjunction with the audited financial statements and the related notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 . Fiscal Year The Company operates on a 52- or 53-week fiscal year ending on the Tuesday closest to December 31. The Company’s fiscal quarters each contain 13 operating weeks, with the exception of the fourth quarter of a 53-week fiscal year, which contains 14 operating weeks. Fiscal year 2020 , which ends on December 29, 2020 , and fiscal year 2019 , which ended on December 31, 2019 , both contain 52 weeks. The Company’s fiscal quarter that ended March 31, 2020 is referred to as the first quarter of 2020 , and the fiscal quarter ended April 2, 2019 is referred to as the first quarter of 2019 . Risks and Uncertainties We are subject to risks and uncertainties as a result of the COVID-19 pandemic. The extent of the impact of the COVID-19 pandemic on the Company’s business is highly uncertain and difficult to predict, as the response to the pandemic is in its early stages and information is rapidly evolving. Our operational and financial performance will depend on future developments, including the duration of the outbreak, the duration of stay-at-home guidelines in the areas where we operate, limitations imposed by federal, state and local governments with respect to reduced seating capacity in our restaurants and other social distancing measures, and our customers’ future willingness to eat at restaurants. Furthermore, capital and financial markets have been negatively impacted by the COVID-19 pandemic, and it is possible that it could cause an economic recession. All of the effects of the COVID-19 pandemic could have a material adverse effect on our business. Although the ultimate severity of the COVID-19 pandemic is uncertain at this time, we have implemented several new initiatives to adapt our operations to the current environment, including direct delivery and curbside pickup, to further bolster our existing off premise capabilities. Recent Accounting Pronouncements In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (“ASU 2019-12”). ASU 2019-12 was issued as a means to reduce the complexity of accounting for income taxes for those entities that fall within the scope of the accounting standard. This guidance is effective for public companies for annual reporting periods beginning after December 15, 2020 and interim periods within those reporting periods. Interim period adoption is permitted. The guidance is to be applied using a prospective method, excluding amendments related to franchise taxes, which should be applied on either a retrospective basis for all periods presented or a modified retrospective basis through a cumulative-effect adjustment to retained earnings as of the beginning of the fiscal year of adoption. We are currently evaluating the impacts of adoption of the new guidance to our consolidated financial statements. In March 2020, the FASB issued ASU No. 2020-04, Facilitation of the Effects of Reference Rate Reform on Financial Reporting . The ASU is intended to provide temporary optional expedients and exceptions to the U.S. GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens related to the expected market transition from the London Interbank Offered Rate (LIBOR) and other interbank offered rates to alternative reference rates. The Company may elect to apply the amendments prospectively through December 31, 2022. The Company is currently evaluating the impact this guidance may have on its consolidated financial statements and related disclosures. Recently Adopted Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , followed by other related ASUs that provided targeted improvements (collectively “ASU 2016-13”). ASU 2016-13 provides financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. The guidance is to be applied using a modified retrospective method and is effective for fiscal years beginning after December 15, 2022 for smaller reporting companies, with early adoption permitted. The Company early adopted ASU 2016-13 on January 1, 2020. The adoption of ASU 2016-13 did not result in any impact to the Company’s consolidated financial statements or disclosures.

Supplemental Financial Informat

Supplemental Financial Information	3 Months Ended
	Mar. 31, 2020
Supplemental Financial Information [Abstract]
Supplemental Financial Information	Supplemental Financial Information Accounts receivable consist of the following (in thousands): March 31, December 31, Insurance receivable $ — $ 744 Vendor rebate receivables 551 788 Franchise and other receivables 1,375 1,971 $ 1,926 $ 3,503 Prepaid expenses and other assets consist of the following (in thousands): March 31, December 31, Prepaid occupancy related costs $ 16 $ 834 Other prepaid expenses 2,685 2,799 Other current assets (1) 6 1,753 $ 2,707 $ 5,386 _____________________________ (1) Other current assets as of December 31, 2019 included assets held in connection with the divestiture of nine company-owned restaurants to a franchisee (“RCRG Sale”) which closed in January 2020. Property and equipment, net, consists of the following (in thousands): March 31, December 31, Leasehold improvements $ 201,895 $ 200,580 Furniture, fixtures and equipment 125,025 122,752 Construction in progress 3,621 2,890 330,541 326,222 Accumulated depreciation and amortization (201,872 ) (197,355 ) Property and equipment, net $ 128,669 $ 128,867 Accrued payroll and benefits consist of the following (in thousands): March 31, December 31, Accrued payroll and related liabilities $ 2,661 $ 6,364 Accrued bonus 707 3,505 Insurance liabilities 3,751 3,610 $ 7,119 $ 13,479 Accrued expenses and other current liabilities consist of the following (in thousands): March 31, December 31, Gift card liability $ 1,872 $ 2,398 Occupancy related 1,532 1,458 Utilities 1,158 1,379 Deferred revenue 1,171 555 Current portion of finance lease liability 753 510 Other accrued expenses (1) 3,412 5,379 Accrued expenses and other current liabilities $ 9,898 $ 11,679 _____________________________ (1) Other accrued expenses as of December 31, 2019 included liabilities held in connection with the RCRG Sale which closed in January 2020.

Long-Term Debt

Long-Term Debt	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt On May 9, 2018, the Company entered into a credit facility with U.S. Bank National Association (the “2018 Credit Facility”). The 2018 Credit Facility consists of a term loan facility in an aggregate principal amount of $25.0 million and a revolving credit facility of $65.0 million (which may be increased to $75.0 million ), which includes a letter of credit subfacility in the amount of $15.0 million and a swingline subfacility in the amount of $10.0 million . The 2018 Credit Facility has a four-year term and matures on May 9, 2022. On November 20, 2019, the Company amended its 2018 Credit Facility by entering into the First Amendment to the Credit Facility (the “Amendment” or “Amended Credit Facility”). Among other things, the Amendment: (i) extended the maturity date to November 20, 2024; (ii) increased the revolving credit facility from $65.0 million to $75.0 million ; (iii) delayed step downs of the Company’s leverage covenant; and (iv) increased the limit on capital expenditures to $37.0 million in 2020 and to $45.0 million in 2021 and each fiscal year thereafter. Borrowings under the Amended Credit Facility, including the term loan facility, bear interest annually, at the Company’s option, at either (i) LIBOR plus a margin of 2.00% to 2.75% per annum, based upon the consolidated total lease-adjusted leverage ratio or (ii) the highest of the following base rates plus a margin of 1.00% to 1.75% per annum: (a) the federal funds rate plus 0.50% ; (b) the U.S. Bank prime rate or (c) the one-month LIBOR plus 1.00% . The Amendment includes a commitment fee of 0.20% to 0.35% per annum, based upon the consolidated total lease-adjusted leverage ratio, on any unused portion of the revolving credit facility. On June 16, 2020 (the “Effective Date”), the Company amended its 2018 Credit Facility by entering into the Second Amendment to the Credit Facility (the “Second Amendment” or the “Second Amended Credit Facility”). Beginning on the Effective Date and through the third quarter of 2021 (the “Amendment Period”), borrowings under the Second Amended Credit Facility, including the term loan facility (“Borrowings”), will bear interest at LIBOR plus 3.25% per annum. Following the Amendment Period, Borrowings will bear interest at LIBOR plus a margin of 2.00% to 3.00% per annum, based upon the consolidated total lease-adjusted leverage ratio. Among other things, the Second Amendment (i) waives the lease-adjusted leverage ratio and fixed charge ratio covenants through the first quarter of 2021, (ii) amends the Company’s lease-adjusted leverage ratio and fixed coverage ratio covenant thresholds beginning in the second quarter of 2021 through the third quarter of 2022 and the first quarter of 2022, respectively and (iii) limits capital expenditures to $12.0 million in 2020, $12.0 million plus a liquidity-based performance basket in 2021, $34.0 million in 2022, $37.0 million in 2023 and $45.0 million annually thereafter. As of March 31, 2020 , the Company had $87.4 million of indebtedness (excluding $1.3 million of unamortized debt issuance costs) and $3.2 million of letters of credit outstanding under the Amended Credit Facility. During March of 2020, given the uncertainty surrounding the COVID-19 pandemic, and as a precautionary measure, the Company borrowed $47.0 million under its revolving credit facility. On April 3, 2020, the Company drew down an additional $8.5 million under the Amended Credit Facility. The term loan requires principal payments of $187,500 per quarter through the third quarter of 2021, $375,000 per quarter through the third quarter of 2022, and $531,250 per quarter through the third quarter of 2023 and $625,000 per quarter thereafter through maturity. Aggregate maturities for debt outstanding as of March 31, 2020 are as follows (in thousands): Year 1 $ 750 Year 2 1,125 Year 3 1,813 Year 4 2,313 Year 5 81,430 Total $ 87,431 The Company’s outstanding indebtedness bore interest at rates between 3.57% to 6.25% during the first quarter of 2020 . The Company also maintains outstanding letters of credit to secure obligations under its workers’ compensation program and certain lease obligations. The Company was in compliance with all of its debt covenants as of March 31, 2020 . As of June 17, 2020 , the date of this filing, the Company had $62.4 million of cash on hand and $95.9 million

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable and all other current liabilities approximate their fair values due to their short-term nature. The carrying amounts of borrowings approximate fair value as the line of credit and term borrowings vary with market interest rates and negotiated terms and conditions are consistent with current market rates. The fair value of the Company’s line of credit and term borrowings are measured using Level 2 inputs. Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis Assets recognized or disclosed at fair value in the condensed consolidated financial statements on a non-recurring basis include items such as leasehold improvements, property and equipment, operating lease assets, goodwill and other intangible assets. These assets are measured at fair value if determined to be impaired or when acquired. Upon completion of the first quarter of 2020, due to the impact of the COVID-19 pandemic on its operating results, the Company performed an interim qualitative impairment assessment of goodwill. Based on the qualitative assessment performed, management determined that it is not more likely than not that the Company’s goodwill has been impaired as of March 31, 2020 and, as a result, no impairment charge was recorded in the first quarter of 2020. Adjustments to the fair value of assets measured at fair value on a non-recurring basis as of March 31, 2020 and April 2, 2019

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The following table presents the Company’s provision for income taxes (in thousands): Fiscal Quarter Ended March 31, April 2, Provision for income taxes $ 13 $ — Effective tax rate (0.2 )% — % The effective tax rate for the first quarter of 2020 and the first quarter of 2019 reflect the impact of the previously recorded valuation allowance. For the remainder of fiscal 2020 , the Company does not anticipate material income tax expense or benefit as a result of the valuation allowance recorded. The Company will maintain the valuation allowance against deferred tax assets until there is sufficient evidence to support a full or partial reversal. The reversal of a previously recorded valuation allowance will generally result in a benefit from income tax. On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”), which provides economic relief in response to the COVID-19 pandemic, was signed into law. The CARES Act includes provisions that permit refunds of alternative minimum tax credits, temporary modifications to the limitations placed on the tax deductibility of net interest expenses, and technical amendments for qualified improvement property (“QIP”). We do not expect that the provisions in the CARES Act will have a material impact to our tax rate or expense during 2020.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation The Company’s Stock Incentive Plan (the “Plan”), as amended and restated in May of 2013, authorizes the grant of non-qualified stock options, incentive stock options, stock appreciation rights, restricted stock, restricted stock units (“RSUs”) and incentive bonuses to employees, officers, non-employee directors and other service providers. As of March 31, 2020 , approximately 2.8 million share-based awards were available to be granted under the Plan. The following table shows total stock-based compensation expense (in thousands): Fiscal Quarter Ended March 31, April 2, Stock-based compensation expense $ 159 $ 726 Capitalized stock-based compensation expense $ 12 $ 11

Restaurant Impairments, Closure

Restaurant Impairments, Closure Costs and Asset Disposals	3 Months Ended
	Mar. 31, 2020
Property, Plant and Equipment Impairment or Disposal [Abstract]
Restaurant Impairment, Closure Costs and Asset Disposals	Restaurant Impairments, Closure Costs and Asset Disposals The following table presents restaurant impairments, closure costs and asset disposals (in thousands): Fiscal Quarter Ended March 31, April 2, Restaurant impairments (1) $ 127 $ 189 Closure costs (1) 213 (39 ) Loss on disposal of assets and other 716 270 $ 1,056 $ 420 _____________________________ (1) Restaurant impairments and closure costs in all periods presented above include amounts related to restaurants previously impaired or closed. There were no restaurant impairments during the first quarters of 2020 and 2019 . Impairment is based on management’s current assessment of the expected future cash flows of a restaurant based on recent results and other specific market factors. Impairment expense is a Level 3 fair value measure and is determined by comparing the carrying value of restaurant assets to the estimated fair market value of the restaurant assets at resale value and the right-of-use asset based on a discounted cash flow analysis utilizing market lease rates. The Company will continue to monitor the impact from the COVID-19 pandemic as it relates to recoverability of long-lived assets, but the Company determined that the current trends did not require restaurant impairments as of the completion of the first quarter of 2020. We are unable to predict how long these conditions will persist, what additional measures may be introduced by governments or what effect any such additional measures may have on restaurants and our business. Any measure that encourages consumers to continue to stay in their homes, engage in social distancing or avoid larger gatherings of people for an extended period of time is highly likely to be harmful to the restaurant industry in general, and consequently our business. Each of these periods include ongoing equipment costs for restaurants previously impaired. Closure costs in the first quarters of 2020 and 2019 include ongoing costs related to restaurants closed in previous years. In addition, closure costs in the first quarter of 2019 were offset by a $0.3 million adjustment to liabilities as lease terminations occur. Loss on disposal of assets and other includes expenses recognized during the first quarter of 2020 related to the divestiture of company-owned restaurants to a franchisee.

Earnings (Loss) Per Share

Earnings (Loss) Per Share	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Loss Per Share	Loss Per Share Basic earnings (loss) per share (“EPS”) is calculated by dividing net income (loss) available to common stockholders by the weighted-average number of shares of common stock outstanding during each period. Diluted EPS is calculated using net income (loss) available to common stockholders divided by diluted weighted-average shares of common stock outstanding during each period. Potentially dilutive securities include shares of common stock underlying stock options, warrants and RSUs. Diluted EPS considers the impact of potentially dilutive securities except in periods in which there is a loss because the inclusion of the potential common shares would have an anti-dilutive effect. The following table sets forth the computations of basic and diluted EPS (in thousands, except share and per share data): Fiscal Quarter Ended March 31, April 2, Net loss $ (5,835 ) $ (1,851 ) Shares: Basic weighted average shares outstanding 44,142,220 43,933,235 Effect of dilutive securities — — Diluted weighted average shares outstanding 44,142,220 43,933,235 Loss per share: Basic loss per share $ (0.13 ) $ (0.04 ) Diluted loss per share $ (0.13 ) $ (0.04 ) The Company computes the effect of dilutive securities using the treasury stock method and average market prices during the period. Potential common shares are excluded from the computation of diluted earnings per share when the effect would be anti-dilutive. The shares issuable on the vesting or exercise of share-based awards or exercise of outstanding warrants that were excluded from the calculation of diluted loss per share because the effect of their inclusion would have been anti-dilutive totaled 3,413,108 and 3,245,418 for the first quarter of 2020 and 2019 , respectively.

Leases

Leases	3 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Leases	Leases Supplemental balance sheet information related to leases is as follows (in thousands): Classification March 31, December 31, Assets Operating Operating lease assets, net $ 210,254 $ 209,717 Finance Finance lease assets, net (1) 2,112 771 Total leased assets $ 212,366 $ 210,488 Liabilities Current lease liabilities Operating Current operating lease liabilities $ 22,982 $ 22,775 Finance Current finance lease liabilities (2) 753 510 Long-term lease liabilities Operating Long-term operating lease liabilities 228,232 225,014 Finance Long-term finance lease liabilities (2) 1,382 281 Total lease liabilities $ 253,349 $ 248,580 _____________________ (1) The finance lease assets are included in property and equipment, net in the Condensed Consolidated Balance Sheets. (2) The current portion of the finance lease liabilities is included in accrued expenses and other current liabilities, and the long-term portion was included in other long-term liabilities in the Condensed Consolidated Balance Sheets. Sublease income recognized in the Condensed Consolidated Statements of Operations was $0.4 million and $0.1 million for the first quarter of 2020 and 2019 , respectively. Supplemental disclosures of cash flow information related to leases are as follows (in thousands): Fiscal Quarter Ended March 31, April 2, Cash paid for lease liabilities: Operating leases $ 7,508 $ 10,693 Finance leases 182 217 $ 7,690 $ 10,910 Right-of-use assets obtained in exchange for new lease liabilities: Operating leases $ 5,724 $ 3,161 Finance leases 1,604 50 $ 7,328 $ 3,211 Future minimum lease payments required under existing leases as of March 31, 2020 are as follows (in thousands): Operating Leases Finance Leases Total Remainder of 2020 $ 32,784 $ 670 $ 33,454 2021 43,135 624 43,759 2022 42,968 482 43,450 2023 41,681 352 42,033 2024 39,572 143 39,715 Thereafter 160,751 37 160,788 Total lease payments 360,891 2,308 363,199 Less: Imputed interest 109,677 173 109,850 Present value of lease liabilities $ 251,214 $ 2,135 $ 253,349
Leases	Leases Supplemental balance sheet information related to leases is as follows (in thousands): Classification March 31, December 31, Assets Operating Operating lease assets, net $ 210,254 $ 209,717 Finance Finance lease assets, net (1) 2,112 771 Total leased assets $ 212,366 $ 210,488 Liabilities Current lease liabilities Operating Current operating lease liabilities $ 22,982 $ 22,775 Finance Current finance lease liabilities (2) 753 510 Long-term lease liabilities Operating Long-term operating lease liabilities 228,232 225,014 Finance Long-term finance lease liabilities (2) 1,382 281 Total lease liabilities $ 253,349 $ 248,580 _____________________ (1) The finance lease assets are included in property and equipment, net in the Condensed Consolidated Balance Sheets. (2) The current portion of the finance lease liabilities is included in accrued expenses and other current liabilities, and the long-term portion was included in other long-term liabilities in the Condensed Consolidated Balance Sheets. Sublease income recognized in the Condensed Consolidated Statements of Operations was $0.4 million and $0.1 million for the first quarter of 2020 and 2019 , respectively. Supplemental disclosures of cash flow information related to leases are as follows (in thousands): Fiscal Quarter Ended March 31, April 2, Cash paid for lease liabilities: Operating leases $ 7,508 $ 10,693 Finance leases 182 217 $ 7,690 $ 10,910 Right-of-use assets obtained in exchange for new lease liabilities: Operating leases $ 5,724 $ 3,161 Finance leases 1,604 50 $ 7,328 $ 3,211 Future minimum lease payments required under existing leases as of March 31, 2020 are as follows (in thousands): Operating Leases Finance Leases Total Remainder of 2020 $ 32,784 $ 670 $ 33,454 2021 43,135 624 43,759 2022 42,968 482 43,450 2023 41,681 352 42,033 2024 39,572 143 39,715 Thereafter 160,751 37 160,788 Total lease payments 360,891 2,308 363,199 Less: Imputed interest 109,677 173 109,850 Present value of lease liabilities $ 251,214 $ 2,135 $ 253,349

Supplemental Disclosures to Con

Supplemental Disclosures to Condensed Consolidated Statements of Cash Flows	3 Months Ended
	Mar. 31, 2020
Supplemental Cash Flow Elements [Abstract]
Supplemental Disclosures to Condensed Consolidated Statements of Cash Flows	Supplemental Disclosures to Condensed Consolidated Statements of Cash Flows The following table presents the supplemental disclosures to the Condensed Consolidated Statements of Cash Flows for the first quarter ended March 31, 2020 and April 2, 2019 (in thousands): March 31, April 2, Interest paid (net of amounts capitalized) $ 598 $ 713 Income taxes paid — 6 Purchases of property and equipment accrued in accounts payable 2,593 1,270

Revenue Recognition

Revenue Recognition	3 Months Ended
	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Revenue Revenue consists of sales from restaurant operations, franchise royalties and fees, and sublease income. Revenue from the operation of company-owned restaurants is recognized when sales occur. The Company reports revenue net of sales and use taxes collected from customers and remitted to governmental taxing authorities. Gift Cards The Company sells gift cards which do not have an expiration date, and it does not deduct non-usage fees from outstanding gift card balances. The Company recognizes revenue from gift cards when the gift card is redeemed by the customer or the Company determines the likelihood of the gift card being redeemed by the customer is remote (“gift card breakage”). The determination of the gift card breakage rate is based upon Company-specific historical redemption patterns. The Company has determined that approximately 9% of gift cards will not be redeemed and recognizes gift card breakage ratably over the estimated redemption period of the gift card, which is approximately 24 months . Gift card liability balances are typically highest at the end of each calendar year following increased gift card purchases during the holiday season. As of March 31, 2020 and December 31, 2019 , the current portion of the gift card liability, $1.9 million and $2.4 million , respectively, was included in accrued expenses and other current liabilities, and the long-term portion, $0.6 million and $0.9 million , respectively, was included in other long-term liabilities in the Condensed Consolidated Balance Sheets. Revenue recognized in the Condensed Consolidated Statements of Operations for the redemption of gift cards was $1.5 million and $1.8 million for the first quarter of 2020 and 2019 , respectively. Franchise Fees Royalties from franchise restaurants are based on a percentage of restaurant revenues and are recognized in the period the related franchised restaurants’ sales occur. Development fees and franchise fees, portions of which are collected in advance, are nonrefundable and are recognized in income ratably over the term of the related franchise agreement or recognized upon the termination of the agreement between the Company and the franchisee. The Company has determined that the initial franchise services are not distinct from the continuing rights or services offered during the term of the franchise agreement and should be treated as a single performance obligation; therefore, initial fees received from franchisees are recognized as revenue over the term of each respective franchise agreement, which is typically 20 years . Loyalty Program Customers who register on the Noodles App are automatically enrolled in the Noodles Rewards program, which is primarily a spend-based loyalty program. With each purchase, Noodles Rewards members earn loyalty points that can be redeemed for rewards, including free products. Using an estimate of the value of reward redemptions, we defer revenue associated with points earned, net of estimated points that will not be redeemed. Points generally expire after six months. Revenue is recognized in a future period when the reward points are redeemed. As of March 31, 2020 and December 31, 2019 , the deferred revenue related to the rewards was $1.2 million and $0.6 million , respectively, and was included in accrued expenses and other current liabilities in the Condensed Consolidated Balance Sheets.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies In the normal course of business, the Company is subject to other proceedings, lawsuits and claims. Such matters are subject to many uncertainties, and outcomes are not predictable with assurance. Consequently, the Company is unable to ascertain the ultimate aggregate amount of monetary liability or financial impact with respect to these matters as of March 31, 2020 . These matters could affect the operating results of any one financial reporting period when resolved in future periods. The Company believes that an unfavorable outcome with respect to these matters is remote or a potential range of loss is not material to its consolidated financial statements. Significant increases in the number of these claims, or one or more successful claims that result in greater liabilities than the Company currently anticipates, could materially and adversely affect its business, financial condition, results of operations or cash flows.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2020
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events As discussed further in Note 3, Long Term Debt, on June 16, 2020 , the Company amended its credit facility.

Business Summary and Basis of_2

Business Summary and Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business and Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of Noodles & Company and its subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. The accompanying interim unaudited condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States of America (“GAAP”) for complete financial statements. In the opinion of the Company, all adjustments considered necessary for the fair presentation of the Company’s results of operations, financial position and cash flows for the periods presented have been included and are of a normal, recurring nature. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The results of operations for any interim period are not necessarily indicative of results for the full year. Certain information and footnote disclosures normally included in the Company’s annual consolidated financial statements on Form 10-K have been condensed or omitted. The condensed consolidated balance sheet as of December 31, 2019 was derived from audited financial statements. These financial statements should be read in conjunction with the audited financial statements and the related notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 .
Fiscal Year	Fiscal Year The Company operates on a 52- or 53-week fiscal year ending on the Tuesday closest to December 31. The Company’s fiscal quarters each contain 13 operating weeks, with the exception of the fourth quarter of a 53-week fiscal year, which contains 14 operating weeks. Fiscal year 2020 , which ends on December 29, 2020 , and fiscal year 2019 , which ended on December 31, 2019 , both contain 52 weeks. The Company’s fiscal quarter that ended March 31, 2020 is referred to as the first quarter of 2020 , and the fiscal quarter ended April 2, 2019 is referred to as the first quarter of 2019 .
Recent Accounting Pronouncements	Recent Accounting Pronouncements In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (“ASU 2019-12”). ASU 2019-12 was issued as a means to reduce the complexity of accounting for income taxes for those entities that fall within the scope of the accounting standard. This guidance is effective for public companies for annual reporting periods beginning after December 15, 2020 and interim periods within those reporting periods. Interim period adoption is permitted. The guidance is to be applied using a prospective method, excluding amendments related to franchise taxes, which should be applied on either a retrospective basis for all periods presented or a modified retrospective basis through a cumulative-effect adjustment to retained earnings as of the beginning of the fiscal year of adoption. We are currently evaluating the impacts of adoption of the new guidance to our consolidated financial statements. In March 2020, the FASB issued ASU No. 2020-04, Facilitation of the Effects of Reference Rate Reform on Financial Reporting . The ASU is intended to provide temporary optional expedients and exceptions to the U.S. GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens related to the expected market transition from the London Interbank Offered Rate (LIBOR) and other interbank offered rates to alternative reference rates. The Company may elect to apply the amendments prospectively through December 31, 2022. The Company is currently evaluating the impact this guidance may have on its consolidated financial statements and related disclosures. Recently Adopted Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , followed by other related ASUs that provided targeted improvements (collectively “ASU 2016-13”). ASU 2016-13 provides financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. The guidance is to be applied using a modified retrospective method and is effective for fiscal years beginning after December 15, 2022 for smaller reporting companies, with early adoption permitted. The Company early adopted ASU 2016-13 on January 1, 2020. The adoption of ASU 2016-13 did not result in any impact to the Company’s consolidated financial statements or disclosures.

Supplemental Financial Inform_2

Supplemental Financial Information (Tables)	3 Months Ended
	Mar. 31, 2020
Supplemental Financial Information [Abstract]
Schedule of Accounts Receivable	Accounts receivable consist of the following (in thousands): March 31, December 31, Insurance receivable $ — $ 744 Vendor rebate receivables 551 788 Franchise and other receivables 1,375 1,971 $ 1,926 $ 3,503
Schedule of Prepaid Expenses and Other Assets	Prepaid expenses and other assets consist of the following (in thousands): March 31, December 31, Prepaid occupancy related costs $ 16 $ 834 Other prepaid expenses 2,685 2,799 Other current assets (1) 6 1,753 $ 2,707 $ 5,386 _____________________________ (1) Other current assets as of December 31, 2019 included assets held in connection with the divestiture of nine company-owned restaurants to a franchisee (“RCRG Sale”) which closed in January 2020.
Schedule of Property and Equipment	Property and equipment, net, consists of the following (in thousands): March 31, December 31, Leasehold improvements $ 201,895 $ 200,580 Furniture, fixtures and equipment 125,025 122,752 Construction in progress 3,621 2,890 330,541 326,222 Accumulated depreciation and amortization (201,872 ) (197,355 ) Property and equipment, net $ 128,669 $ 128,867
Schedule of Accrued Payroll, Benefits, Expenses and Other Current Liabilities	Accrued payroll and benefits consist of the following (in thousands): March 31, December 31, Accrued payroll and related liabilities $ 2,661 $ 6,364 Accrued bonus 707 3,505 Insurance liabilities 3,751 3,610 $ 7,119 $ 13,479 Accrued expenses and other current liabilities consist of the following (in thousands): March 31, December 31, Gift card liability $ 1,872 $ 2,398 Occupancy related 1,532 1,458 Utilities 1,158 1,379 Deferred revenue 1,171 555 Current portion of finance lease liability 753 510 Other accrued expenses (1) 3,412 5,379 Accrued expenses and other current liabilities $ 9,898 $ 11,679 _____________________________ (1) Other accrued expenses as of December 31, 2019 included liabilities held in connection with the RCRG Sale which closed in January 2020.

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Schedule of Maturities of Long-term Debt	Aggregate maturities for debt outstanding as of March 31, 2020 are as follows (in thousands): Year 1 $ 750 Year 2 1,125 Year 3 1,813 Year 4 2,313 Year 5 81,430 Total $ 87,431

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Schedule of Provision for Income Taxes	The following table presents the Company’s provision for income taxes (in thousands): Fiscal Quarter Ended March 31, April 2, Provision for income taxes $ 13 $ — Effective tax rate (0.2 )% — %

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Schedule of Stock-Based Compensation Expense	The following table shows total stock-based compensation expense (in thousands): Fiscal Quarter Ended March 31, April 2, Stock-based compensation expense $ 159 $ 726 Capitalized stock-based compensation expense $ 12 $ 11

Restaurant Impairments, Closu_2

Restaurant Impairments, Closure Costs and Asset Disposals (Tables)	3 Months Ended
	Mar. 31, 2020
Property, Plant and Equipment Impairment or Disposal [Abstract]
Schedule of Restaurant Impairments, Closure Costs and Asset Disposals	The following table presents restaurant impairments, closure costs and asset disposals (in thousands): Fiscal Quarter Ended March 31, April 2, Restaurant impairments (1) $ 127 $ 189 Closure costs (1) 213 (39 ) Loss on disposal of assets and other 716 270 $ 1,056 $ 420 _____________________________ (1) Restaurant impairments and closure costs in all periods presented above include amounts related to restaurants previously impaired or closed.

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Loss Per Share	The following table sets forth the computations of basic and diluted EPS (in thousands, except share and per share data): Fiscal Quarter Ended March 31, April 2, Net loss $ (5,835 ) $ (1,851 ) Shares: Basic weighted average shares outstanding 44,142,220 43,933,235 Effect of dilutive securities — — Diluted weighted average shares outstanding 44,142,220 43,933,235 Loss per share: Basic loss per share $ (0.13 ) $ (0.04 ) Diluted loss per share $ (0.13 ) $ (0.04 )

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Schedule of Supplemental Lease Information	Supplemental disclosures of cash flow information related to leases are as follows (in thousands): Fiscal Quarter Ended March 31, April 2, Cash paid for lease liabilities: Operating leases $ 7,508 $ 10,693 Finance leases 182 217 $ 7,690 $ 10,910 Right-of-use assets obtained in exchange for new lease liabilities: Operating leases $ 5,724 $ 3,161 Finance leases 1,604 50 $ 7,328 $ 3,211 Supplemental balance sheet information related to leases is as follows (in thousands): Classification March 31, December 31, Assets Operating Operating lease assets, net $ 210,254 $ 209,717 Finance Finance lease assets, net (1) 2,112 771 Total leased assets $ 212,366 $ 210,488 Liabilities Current lease liabilities Operating Current operating lease liabilities $ 22,982 $ 22,775 Finance Current finance lease liabilities (2) 753 510 Long-term lease liabilities Operating Long-term operating lease liabilities 228,232 225,014 Finance Long-term finance lease liabilities (2) 1,382 281 Total lease liabilities $ 253,349 $ 248,580 _____________________ (1) The finance lease assets are included in property and equipment, net in the Condensed Consolidated Balance Sheets. (2) The current portion of the finance lease liabilities is included in accrued expenses and other current liabilities, and the long-term portion was included in other long-term liabilities in the Condensed Consolidated Balance Sheets.
Schedule of Future Minimum Lease Payments for Finance Leases	Future minimum lease payments required under existing leases as of March 31, 2020 are as follows (in thousands): Operating Leases Finance Leases Total Remainder of 2020 $ 32,784 $ 670 $ 33,454 2021 43,135 624 43,759 2022 42,968 482 43,450 2023 41,681 352 42,033 2024 39,572 143 39,715 Thereafter 160,751 37 160,788 Total lease payments 360,891 2,308 363,199 Less: Imputed interest 109,677 173 109,850 Present value of lease liabilities $ 251,214 $ 2,135 $ 253,349
Schedule of Future Minimum Lease Payments for Operating Leases	Future minimum lease payments required under existing leases as of March 31, 2020 are as follows (in thousands): Operating Leases Finance Leases Total Remainder of 2020 $ 32,784 $ 670 $ 33,454 2021 43,135 624 43,759 2022 42,968 482 43,450 2023 41,681 352 42,033 2024 39,572 143 39,715 Thereafter 160,751 37 160,788 Total lease payments 360,891 2,308 363,199 Less: Imputed interest 109,677 173 109,850 Present value of lease liabilities $ 251,214 $ 2,135 $ 253,349

Supplemental Disclosures to C_2

Supplemental Disclosures to Condensed Consolidated Statements of Cash Flows (Tables)	3 Months Ended
	Mar. 31, 2020
Supplemental Cash Flow Elements [Abstract]
Schedule of Supplemental Disclosures to the Condensed Consolidated Statements of Cash Flows	The following table presents the supplemental disclosures to the Condensed Consolidated Statements of Cash Flows for the first quarter ended March 31, 2020 and April 2, 2019 (in thousands): March 31, April 2, Interest paid (net of amounts capitalized) $ 598 $ 713 Income taxes paid — 6 Purchases of property and equipment accrued in accounts payable 2,593 1,270

Business Summary and Basis of_3

Business Summary and Basis of Presentation - Narrative (Details)	3 Months Ended
	Mar. 31, 2020segmentrestaurantstate
Franchisor Disclosure [Line Items]
Number of states with operations | state	29
Number of operating segments | segment	1
Number of reportable segments | segment	1
Company-Owned
Franchisor Disclosure [Line Items]
Number of restaurants | restaurant	381
Franchise
Franchisor Disclosure [Line Items]
Number of restaurants | restaurant	77

Supplemental Financial Inform_3

Supplemental Financial Information - Accounts Receivable (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 1,926	$ 3,503
Insurance receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	0	744
Vendor rebate receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	551	788
Franchise and other receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 1,375	$ 1,971

Supplemental Financial Inform_4

Supplemental Financial Information - Prepaid Expenses and Other Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Supplemental Financial Information [Abstract]
Prepaid occupancy related costs	$ 16	$ 834
Other prepaid expenses	2,685	2,799
Other current assets	6	1,753
Prepaid expenses and other assets	$ 2,707	$ 5,386

Supplemental Financial Inform_5

Supplemental Financial Information - Property and Equipment, Net (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 330,541	$ 326,222
Accumulated depreciation and amortization	(201,872)	(197,355)
Property and equipment, net	128,669	128,867
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	201,895	200,580
Furniture, Fixtures, and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	125,025	122,752
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 3,621	$ 2,890

Supplemental Financial Inform_6

Supplemental Financial Information - Accrued Payroll and Benefits (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Supplemental Financial Information [Abstract]
Accrued payroll and related liabilities	$ 2,661	$ 6,364
Accrued bonus	707	3,505
Insurance liabilities	3,751	3,610
Accrued payroll and benefits	$ 7,119	$ 13,479

Supplemental Financial Inform_7

Supplemental Financial Information - Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Supplemental Financial Information [Abstract]
Gift card liability	$ 1,872	$ 2,398
Occupancy related	1,532	1,458
Utilities	1,158	1,379
Deferred revenue	1,171	555
Current portion of finance lease liability	753	510
Other accrued expenses	3,412	5,379
Accrued expenses and other current liabilities	$ 9,898	$ 11,679

Long-Term Debt - Narrative (De

Long-Term Debt - Narrative (Details) - USD ($)

Apr. 03, 2020

Nov. 20, 2019

Mar. 31, 2020

Mar. 31, 2020

Sep. 30, 2023

Sep. 30, 2022

Nov. 20, 2024

Sep. 30, 2021

Sep. 30, 2021

Nov. 20, 2024

Jun. 17, 2020

Jun. 16, 2020

May 09, 2018

Line of Credit Facility [Line Items]

Indebtedness

$ 87,431,000

$ 87,431,000

Unamortized debt issuance costs

1,300,000

1,300,000

Letters of credit outstanding

3,200,000

$ 3,200,000

Subsequent Event

Line of Credit Facility [Line Items]

Indebtedness

$ 95,900,000

Cash on hand

$ 62,400,000

Forecast

Line of Credit Facility [Line Items]

Quarterly principal payments

$ 531,250

$ 375,000

$ 625,000

$ 187,500

Minimum

Line of Credit Facility [Line Items]

Interest rate during period

3.57%

Maximum

Line of Credit Facility [Line Items]

Interest rate during period

6.25%

2018 Letter of Credit Subfacility

Line of Credit Facility [Line Items]

Maximum borrowing capacity

$ 15,000,000

2018 Swingline Subfacility

Line of Credit Facility [Line Items]

Maximum borrowing capacity

10,000,000

Amended 2018 Credit Facility | Federal Funds Rate

Line of Credit Facility [Line Items]

Basis spread on variable rate

0.50%

Amended 2018 Credit Facility | Prime Rate

Line of Credit Facility [Line Items]

Basis spread on variable rate

1.00%

Amended 2018 Credit Facility | Minimum

Line of Credit Facility [Line Items]

Commitment fee percentage

0.20%

Amended 2018 Credit Facility | Minimum | LIBOR

Line of Credit Facility [Line Items]

Basis spread on variable rate

2.00%

Amended 2018 Credit Facility | Minimum | Base Rate

Line of Credit Facility [Line Items]

Basis spread on variable rate

1.00%

Amended 2018 Credit Facility | Maximum

Line of Credit Facility [Line Items]

Commitment fee percentage

0.35%

Amended 2018 Credit Facility | Maximum | LIBOR

Line of Credit Facility [Line Items]

Basis spread on variable rate

2.75%

Amended 2018 Credit Facility | Maximum | Base Rate

Line of Credit Facility [Line Items]

Basis spread on variable rate

1.75%

Second Amended 2018 Credit Facility | LIBOR | Forecast

Line of Credit Facility [Line Items]

Basis spread on variable rate

3.25%

Second Amended 2018 Credit Facility | Minimum | LIBOR | Forecast

Line of Credit Facility [Line Items]

Basis spread on variable rate

2.00%

Second Amended 2018 Credit Facility | Maximum | LIBOR | Forecast

Line of Credit Facility [Line Items]

Basis spread on variable rate

3.00%

Revolving Credit Facility | 2018 Term Loan Facility

Line of Credit Facility [Line Items]

Maximum borrowing capacity

25,000,000

Revolving Credit Facility | 2018 Credit Facility

Line of Credit Facility [Line Items]

Maximum borrowing capacity

65,000,000

Revolving Credit Facility | Amended 2018 Credit Facility

Line of Credit Facility [Line Items]

Maximum borrowing capacity

$ 75,000,000

Capital expenditure limit in next fiscal year per agreement

37,000,000

Capital expenditure limit after next fiscal year per agreement

$ 45,000,000

Proceeds from line of credit

$ 47,000,000

Revolving Credit Facility | Amended 2018 Credit Facility | Subsequent Event

Line of Credit Facility [Line Items]

Proceeds from line of credit

$ 8,500,000

Revolving Credit Facility | Second Amended 2018 Credit Facility | Subsequent Event

Line of Credit Facility [Line Items]

Capital expenditure limit in current fiscal year per agreement

$ 12,000,000

Capital expenditure limit in next fiscal year per agreement

12,000,000

Capital expenditure limit in 2022 per agreement

34,000,000

Capital expenditure limit in 2023 per agreement

37,000,000

Capital expenditure limit after 2023 per agreement

$ 45,000,000

Letter of Credit | 2018 Credit Facility

Line of Credit Facility [Line Items]

Maximum borrowing capacity

$ 75,000,000

Long-Term Debt - Aggregate Matu

Long-Term Debt - Aggregate Maturities (Details) $ in Thousands	Mar. 31, 2020USD ($)
Aggregate Maturities for Debt Outstanding
Year 1	$ 750
Year 2	1,125
Year 3	1,813
Year 4	2,313
Year 5	81,430
Total	$ 87,431

Fair Value Measurements (Detail

Fair Value Measurements (Details)	3 Months Ended
	Mar. 31, 2020USD ($)
Fair Value Disclosures [Abstract]
Goodwill impairment charge	$ 0

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Apr. 02, 2019
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 13	$ 0
Effective tax rate	(0.20%)	0.00%

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ in Thousands, shares in Millions	3 Months Ended
	Mar. 31, 2020	Apr. 02, 2019
Share-based Payment Arrangement [Abstract]
Shares awards available to be granted (in shares)	2.8
Stock-based compensation expense	$ 159	$ 726
Capitalized stock-based compensation expense	$ 12	$ 11

Restaurant Impairments, Closu_3

Restaurant Impairments, Closure Costs and Asset Disposals - Schedule of Impairments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Apr. 02, 2019
Property, Plant and Equipment Impairment or Disposal [Abstract]
Restaurant impairments	$ 127	$ 189
Closure costs	213	(39)
Loss on disposal of assets and other	716	270
Restaurant impairments, closure costs and asset disposals	$ 1,056	$ 420

Restaurant Impairments, Closu_4

Restaurant Impairments, Closure Costs and Asset Disposals - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2020restaurant	Apr. 02, 2019USD ($)
Property, Plant and Equipment Impairment or Disposal [Abstract]
Number of restaurants impaired | restaurant	0
Offset adjustment to closure costs related to lease terminations | $		$ (0.3)

Earnings (Loss) Per Share (Deta

Earnings (Loss) Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Apr. 02, 2019
Earnings Per Share [Abstract]
Net loss	$ (5,835)	$ (1,851)
Shares:
Basic weighted average shares outstanding (in shares)	44,142,220	43,933,235
Effect of dilutive securities (in shares)	0	0
Diluted weighted average number of shares outstanding (in shares)	44,142,220	43,933,235
Loss per share:
Basic loss per share (USD per share)	$ (0.13)	$ (0.04)
Diluted loss per share (USD per share)	$ (0.13)	$ (0.04)
Anti-dilutive securities
Antidilutive securities excluded from computation of earnings per share	3,413,108	3,245,418

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Assets
Operating lease assets, net	$ 210,254	$ 209,717
Finance lease assets, net	2,112	771
Total leased assets	212,366	210,488
Liabilities
Current operating lease liabilities	22,982	22,775
Current portion of finance lease liabilities	753	510
Long-term operating lease liabilities, net	228,232	225,014
Long-term finance lease liabilities	1,382	281
Total lease liabilities	$ 253,349	$ 248,580

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Apr. 02, 2019
Leases [Abstract]
Sublease income	$ (0.4)	$ (0.1)

Leases - Supplemental Disclours

Leases - Supplemental Disclourses of Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Apr. 02, 2019
Leases [Abstract]
Cash paid for operating lease liabilities	$ 7,508	$ 10,693
Cash paid for finance lease liabilities	182	217
Cash paid for lease liabilities	7,690	10,910
Right-of-use assets obtained in exchange for new operating lease liabilities	5,724	3,161
Right-of-use assets obtained in exchange for new finance lease liabilities	1,604	50
Right-of-use assets obtained in exchange for new lease liabilities	$ 7,328	$ 3,211

Leases - Future Minimum Lease P

Leases - Future Minimum Lease Payments (Details) $ in Thousands	Mar. 31, 2020USD ($)
Operating Leases
Remainder of 2020	$ 32,784
2021	43,135
2022	42,968
2023	41,681
2024	39,572
Thereafter	160,751
Total lease payments	360,891
Less: Imputed interest	109,677
Present value of lease liabilities	251,214
Finance Leases
Remainder of 2020	670
2021	624
2022	482
2023	352
2024	143
Thereafter	37
Total lease payments	2,308
Less: Imputed interest	173
Present value of lease liabilities	2,135
Total
Remainder of 2020	33,454
2021	43,759
2022	43,450
2023	42,033
2024	39,715
Thereafter	160,788
Total lease payments	363,199
Less: Imputed interest	109,850
Present value of lease liabilities	$ 253,349

Supplemental Disclosures to C_3

Supplemental Disclosures to Condensed Consolidated Statements of Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Apr. 02, 2019
Supplemental Cash Flow Elements [Abstract]
Interest paid (net of amounts capitalized)	$ 598	$ 713
Income taxes paid	0	6
Purchases of property and equipment accrued in accounts payable	$ 2,593	$ 1,270

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Apr. 02, 2019	Dec. 31, 2019
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected unredeemed percent	9.00%
Estimated redemption period	24 months
Gift card liability, current	$ 1,872		$ 2,398
Revenue recognized	$ 1,500	$ 1,800
Period in which initial fees received from franchisees will be recognized as revenue	20 years
Deferred revenue	$ 1,171		555
Accrued Expenses and Other Current Liabilities
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Gift card liability, current	1,900		2,400
Other Long-term Liabilities
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Gift card liability, non-current	$ 600		$ 900