Domino's Pizza (DPZ) 10-Q 16 Jul 20 2020 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 14, 2020	Jul. 09, 2020
Cover [Abstract]
Document Type	10-Q
Entity Interactive Data Current	Yes
Amendment Flag	false
Document Transition Report	false
Document Quarterly Report	true
Entity Central Index Key	0001286681
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2020
Document Period End Date	Jun. 14, 2020
Entity Registrant Name	DOMINOS PIZZA INC
Entity File Number	001-32242
Current Fiscal Year End Date	--01-03
Entity Tax Identification Number	38-2511577
Entity Incorporation, State or Country Code	DE
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Address, Address Line One	30 Frank Lloyd Wright Drive
Entity Address, City or Town	Ann Arbor
Entity Address, State or Province	MI
Entity Address, Postal Zip Code	48105
City Area Code	734
Local Phone Number	930-3030
Trading Symbol	DPZ
Security Exchange Name	NYSE
Title of 12(b) Security	Common Stock
Entity Common Stock, Shares Outstanding		39,347,213

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 14, 2020	Dec. 29, 2019	[1]
Current assets:
Cash and cash equivalents	$ 247,952	$ 190,615
Restricted cash and cash equivalents	238,233	209,269
Accounts receivable, net	232,114	210,260
Inventories	66,850	52,955
Prepaid expenses and other	28,873	19,129
Advertising fund assets, restricted	113,087	105,389
Total current assets	927,109	787,617
Property, plant and equipment:
Land and buildings	63,644	44,845
Leasehold and other improvements	170,685	164,071
Equipment	261,655	243,708
Construction in progress	28,890	42,705
Property, plant and equipment, Gross	524,874	495,329
Accumulated depreciation and amortization	(267,490)	(252,448)
Property, plant and equipment, net	257,384	242,881
Other assets:
Operating lease right-of-use assets	227,114	228,785
Goodwill	15,061	15,093
Capitalized software, net	77,289	73,140
Other assets	69,517	24,503
Deferred income taxes	8,214	10,073
Total other assets	397,195	351,594
Total assets	1,581,688	1,382,092
Current liabilities:
Current portion of long-term debt	42,999	43,394
Accounts payable	102,896	111,101
Operating lease liabilities	36,883	33,318
Insurance reserves	23,495	23,735
Dividends payable	31,344	471
Advertising fund liabilities	108,859	101,921
Other accrued liabilities	113,392	139,891
Total current liabilities	459,868	453,831
Long-term liabilities:
Long-term debt, less current portion	4,128,576	4,071,055
Operating lease liabilities	198,868	202,731
Insurance reserves	37,185	34,675
Other accrued liabilities	40,097	35,559
Total long-term liabilities	4,404,726	4,344,020
Stockholders' deficit
Common stock	393	389
Additional paid-in capital	32,251	243
Retained deficit	(3,311,015)	(3,412,649)
Accumulated other comprehensive loss	(4,535)	(3,742)
Total stockholders' deficit	(3,282,906)	(3,415,759)
Total liabilities and stockholders' deficit	$ 1,581,688	$ 1,382,092
[1]	The balance sheet at December 29, 2019 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.

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 14, 2020	Jun. 16, 2019	Jun. 14, 2020	Jun. 16, 2019
Revenues:
Revenue	$ 920,023	$ 811,647	$ 1,793,125	$ 1,647,610
Cost of sales:
Cost of sales	562,932	494,976	1,095,877	1,008,650
Operating margin	357,091	316,671	697,248	638,960
General and administrative	88,068	89,248	176,557	178,912
U.S. franchise advertising	105,440	88,500	201,274	177,621
Income from operations	163,583	138,923	319,417	282,427
Interest income	640	922	1,572	1,615
Interest expense	(39,727)	(33,866)	(79,197)	(68,920)
Income before provision for income taxes	124,496	105,979	241,792	215,122
Provision for income taxes	5,828	13,620	1,522	30,113
Net income	$ 118,668	$ 92,359	$ 240,270	$ 185,009
Earnings per share:
Common stock - basic	$ 3.04	$ 2.25	$ 6.18	$ 4.52
Common stock - diluted	$ 2.99	$ 2.19	$ 6.05	$ 4.38
U.S. Stores [Member] | U.S. Company-owned stores [Member]
Revenues:
Revenue	$ 114,240	$ 105,001	$ 216,566	$ 228,451
Cost of sales:
Cost of sales	87,831	80,366	167,219	175,906
U.S. Stores [Member] | U.S. franchise royalties and fees [Member]
Revenues:
Revenue	113,098	95,594	217,844	192,302
U.S. Stores [Member] | U.S. franchise advertising [Member]
Revenues:
Revenue	105,440	88,500	201,274	177,621
Supply Chain [Member]
Revenues:
Revenue	539,141	467,577	1,051,841	939,677
Cost of sales:
Cost of sales	475,101	414,610	928,658	832,744
International Franchise [Member] | International franchise royalties and fees [Member]
Revenues:
Revenue	$ 48,104	$ 54,975	$ 105,600	$ 109,559

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 14, 2020	Jun. 16, 2019	Jun. 14, 2020	Jun. 16, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 118,668	$ 92,359	$ 240,270	$ 185,009
Currency translation adjustment	1,533	(16)	(793)	221
Comprehensive income	$ 120,201	$ 92,343	$ 239,477	$ 185,230

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 14, 2020	Jun. 16, 2019	Jun. 14, 2020		Jun. 16, 2019
Cash flows from operating activities:
Net income	$ 118,668	$ 92,359	$ 240,270		$ 185,009
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	14,757	14,060	28,789		27,850
Loss on sale/disposal of assets	238	2,680	544		2,829
Amortization of debt issuance costs			2,575		2,198
Provision for deferred income taxes			1,510		2,276
Non-cash compensation expense	5,115	3,981	10,029		8,589
Excess tax benefits from equity-based compensation			(53,440)		(18,446)
Provision for losses on accounts and notes receivable			1,592		550
Changes in operating assets and liabilities			(19,421)		(10,713)
Changes in advertising fund assets and liabilities, restricted			(620)		1,411
Net cash provided by operating activities			211,828		201,553
Cash flows from investing activities:
Capital expenditures			(33,732)		(25,708)
Purchase of investments (Note 9)			(40,000)
Proceeds from sale of assets			6		8,161
Maturities of advertising fund investments, restricted					15,152
Other			(485)		(132)
Net cash used in investing activities			(74,211)		(2,527)
Cash flows from financing activities:
Proceeds from issuance of long-term debt			158,000
Repayments of long-term debt and finance lease obligations			(122,040)		(82,886)
Proceeds from exercise of stock options			24,801		9,290
Purchases of common stock			(79,590)		(11,453)
Tax payments for restricted stock upon vesting			(1,827)		(2,567)
Payments of common stock dividends and equivalents			(30,266)		(26,680)
Net cash used in financing activities			(50,922)		(114,296)
Effect of exchange rate changes on cash			(253)		111
Change in cash and cash equivalents, restricted cash and cash equivalents			86,442		84,841
Cash and cash equivalents, beginning of period			190,615	[1]	25,438
Restricted cash and cash equivalents, beginning of period			209,269	[1]	166,993
Cash and cash equivalents included in advertising fund assets, restricted, beginning of period			84,040		44,988
Cash and cash equivalents, restricted cash and cash equivalents and cash and cash equivalents included in advertising fund assets, restricted, beginning of period			483,924		237,419
Cash and cash equivalents, end of period	247,952	108,259	247,952		108,259
Restricted cash and cash equivalents, end of period	238,233	152,713	238,233		152,713
Cash and cash equivalents included in advertising fund assets, restricted, end of period	84,181	61,288	84,181		61,288
Cash and cash equivalents, restricted cash and cash equivalents and cash and cash equivalents included in advertising fund assets, restricted, end of period	$ 570,366	$ 322,260	$ 570,366		$ 322,260
[1]	The balance sheet at December 29, 2019 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 Updat

Basis of Presentation and Updates to Significant Accounting Policies	6 Months Ended
	Jun. 14, 2020
Accounting Policies [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 10-01 S-X. 10-K, 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 14, 2020 are not necessarily indicative of the results that may be expected for the fiscal year ending January 3, 2021 Updates to Significant Accounting Policies The Company adopted Accounting Standards Codification 326, Financial Instruments – Credit Losses Allowances for Credit Losses The Company closely monitors accounts and notes receivable balances and estimates the allowance for credit losses. These estimates are based on historical collection experience and other factors, including those related to current market conditions and events. The Company’s allowances for accounts and notes receivable have not historically been material. The Company also monitors its off-balance During the second quarter of 2020, a subsidiary of the Company acquired a non-controlling $40.0 million. Through its subsidiaries, Dash Brands serves as the Company’s master franchisee in China that owns and operates Domino’s Pizza stores in that market. As a result of the investment, the Company’s significant accounting policy related to equity investments without readily determinable fair values is stated below. Refer to Note 9 for information related to this investment and its impact on the Company’s condensed consolidated financial statements. Equity investments without readily determinable fair values Equity investments without readily determinable fair values are recorded at cost with adjustments for observable changes in prices resulting from orderly transactions for the identical or a similar investment of the same issuer or impairments and are classified as long-term other assets in the Company’s condensed consolidated balance sheet. Any adjustments to the carrying amount are recognized in other income (expense), net in the Company’s condensed consolidated statement of income. The Company evaluates the potential impairment of its investments based on various analyses including financial results and operating trends, implied values from recent similar transactions and other relevant available information. If the carrying amount of the investment exceeds the estimated fair value of the investment, an impairment loss is recognized, and the investment is written down to its estimated fair value.

Segment Information

Segment Information	6 Months Ended
	Jun. 14, 2020
Segment Reporting [Abstract]
Segment Information	2. 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 14, 2020 and June 16, 2019 U.S. Supply International Intersegment Stores Chain Franchise Revenues Other Total Revenues 2020 $ 332,778 $ 570,104 $ 48,104 $ (30,963 ) $ — $ 920,023 2019 289,095 495,989 54,975 (28,412 ) — 811,647 Income from operations 2020 $ 100,171 $ 52,461 $ 36,372 N/A $ (25,421 ) $ 163,583 2019 77,050 41,305 41,432 N/A (20,864 ) 138,923 Segment Income 2020 $ 102,934 $ 56,904 $ 36,410 N/A $ (12,555 ) $ 183,693 2019 82,006 45,382 41,491 N/A (9,235 ) 159,644 Two Fiscal Quarters Ended June 14, 2020 and June 16, 2019 U.S. Supply International Intersegment Stores Chain Franchise Revenues Other Total Revenues 2020 $ 635,684 $ 1,111,743 $ 105,600 $ (59,902 ) $ — $ 1,793,125 2019 598,374 1,001,670 109,559 (61,993 ) — 1,647,610 Income from operations 2020 $ 185,581 $ 99,837 $ 79,832 N/A $ (45,833 ) $ 319,417 2019 157,664 83,327 84,186 N/A (42,750 ) 282,427 Segment Income 2020 $ 191,211 $ 108,341 $ 79,914 N/A $ (20,687 ) $ 358,779 2019 165,604 91,429 84,290 N/A (19,628 ) 321,695 The following table reconciles Total Segment Income to consolidated income before provision for income taxes. Fiscal Quarter Ended Two Fiscal Quarters Ended June 14, June 16, June 14, June 16, 2020 2019 2020 2019 Total Segment Income $ 183,693 $ 159,644 $ 358,779 $ 321,695 Depreciation and amortization (14,757 ) (14,060 ) (28,789 ) (27,850 ) Loss on sale/disposal of assets (238 ) (2,680 ) (544 ) (2,829 ) Non-cash (5,115 ) (3,981 ) (10,029 ) (8,589 ) Income from operations 163,583 138,923 319,417 282,427 Interest income 640 922 1,572 1,615 Interest expense (39,727 ) (33,866 ) (79,197 ) (68,920 ) Income before provision for income taxes $ 124,496 $ 105,979 $ 241,792 $ 215,122

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 14, 2020
Earnings Per Share [Abstract]
Earnings Per Share	3. Earnings Per Share Fiscal Quarter Ended Two Fiscal Quarters Ended June 14, June 16, June 14, June 16, 2020 2019 2020 2019 Net income available to common stockholders - basic and diluted $ 118,668 $ 92,359 $ 240,270 $ 185,009 Basic weighted average number of shares 39,058,292 41,023,269 38,862,108 40,944,400 Earnings per share – basic $ 3.04 $ 2.25 $ 6.18 $ 4.52 Diluted weighted average number of shares 39,746,479 42,236,507 39,688,663 42,219,649 Earnings per share – diluted $ 2.99 $ 2.19 $ 6.05 $ 4.38 The denominator used in calculating diluted earnings per share for the two fiscal quarters of 2020 did not include 263 options to purchase common stock and 1,760 restricted stock awards, as the effect of including these options and awards would have been anti-dilutive. The denominators used in calculating diluted earnings per share for the second quarter and two fiscal quarters of 2020 each did not include 90,472 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 the second quarter and two fiscal quarters of 2019 each did not include 71,180 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 2019 each did not include 93,412 restricted performance shares, as the performance targets for these awards had not yet been met.

Changes in Stockholders' Defici

Changes in Stockholders' Deficit	6 Months Ended
	Jun. 14, 2020
Federal Home Loan Banks [Abstract]
Changes in Stockholders' Deficit	4. Changes in Stockholders’ Deficit The following table summarizes changes in stockholders’ deficit for the second quarter of 2020. Common Stock Additional Paid-in Retained Accumulated Comprehensive Shares Amount Capital Deficit Loss Balance at March 22, 2020 39,039,599 $ 390 $ 12,474 $ (3,398,986 ) $ (6,068 ) Net income — — — 118,668 — Dividends declared on common stock and equivalents ($0.78 per share) — — — (30,697 ) — Issuance and cancellation of stock awards, net 4,068 — — — — Tax payments for restricted stock upon vesting (91 ) — (31 ) — — Exercise of stock options 303,637 3 14,693 — — Non-cash — — 5,115 — — Currency translation adjustment — — — — 1,533 Balance at June 14, 2020 39,347,213 $ 393 $ 32,251 $ (3,311,015 ) $ (4,535 ) The following table summarizes changes in stockholders’ deficit for the two fiscal quarters of 2020. Common Stock Additional Paid-in Retained Accumulated Shares Amount Loss Balance at December 29, 2019 38,934,009 $ 389 $ 243 $ (3,412,649 ) $ (3,742 ) Net income — — — 240,270 — Dividends declared on common stock and equivalents ($1.56 per share) — — — (61,139 ) — Issuance and cancellation of stock awards, net 5,713 — — — — Tax payments for restricted stock upon vesting (6,020 ) — (1,827 ) — — Purchases of common stock (271,064 ) (3 ) (988 ) (78,599 ) — Exercise of stock options 684,575 7 24,794 — — Non-cash — — 10,029 — — Adoption of ASC 326 (Note 10 — — — 1,102 — Currency translation adjustment — — — — (793 ) Balance at June 14, 2020 39,347,213 $ 393 $ 32,251 $ (3,311,015 ) $ (4,535 ) Subsequent to the second quarter, on July 15, 2020, the Company’s Board of Directors declared a $0.78 per share quarterly dividend on its outstanding common stock for shareholders of record as of September 15, 2020 to be paid on September 30, 2020. The following table summarizes changes in stockholders’ deficit for the second quarter of 2019. Common Stock Additional Paid-in Capital Retained Deficit Accumulated Shares Amount Loss Balance at March 24, 2019 41,083,890 $ 411 $ 5,464 $ (2,976,848 ) $ (4,192 ) Net income — — — 92,359 — Dividends declared on common stock and equivalents ($0.65 per share) — — — (26,789 ) — Issuance and cancellation of stock awards, net (3,079 ) — — — — Tax payments for restricted stock upon vesting (377 ) — (100 ) — — Purchases of common stock (12,295 ) (1 ) (3,308 ) — — Exercise of stock options 164,219 2 4,751 — — Non-cash — — 3,981 — — Currency translation adjustment — — — — (16 ) Balance at June 16, 2019 41,232,358 $ 412 $ 10,788 $ (2,911,278 ) $ (4,208 ) The following table summarizes changes in stockholders’ deficit for the two fiscal quarters of 2019. Common Stock Additional Paid-in Capital Retained Deficit Accumulated Shares Amount Loss Balance at December 30, 2018 40,977,561 $ 410 $ 569 $ (3,036,471 ) $ (4,429 ) Net income — — — 185,009 — Dividends declared on common stock and equivalents ($1.30 per share) — — — (53,454 ) — Issuance and cancellation of stock awards, net 5,161 — — — — Tax payments for restricted stock upon vesting (9,441 ) — (2,567 ) — — Purchases of common stock (45,844 ) (1 ) (5,090 ) (6,362 ) — Exercise of stock options 304,921 3 9,287 — — Non-cash — — 8,589 — — Currency translation adjustment — — — — 221 Balance at June 16, 2019 41,232,358 $ 412 $ 10,788 $ (2,911,278 ) $ (4,208 )

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 14, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	5. 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 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 fair value of the Company’s Level 3 investment (Note 9) is not readily determinable. The fair value represents its cost with adjustments for observable changes in prices resulting from orderly transactions for the identical or a similar investment of the same issuer or impairments. The following tables summarize the carrying amounts and estimated fair values of certain assets at June , and December , : At June 14, 2020 Fair Value Estimated Using Carrying Level 1 Level 2 Level 3 Amount Inputs Inputs Inputs Cash equivalents $ 223,664 $ 223,664 $ — $ — Restricted cash equivalents 167,319 167,319 — — Investments in marketable securities 11,278 11,278 — — Advertising fund cash equivalents, restricted 71,488 71,488 — — Investments (Note 9) 40,000 — — 40,000 At December 29, 2019 Fair Value Estimated Using Carrying Level 1 Level 2 Level 3 Cash equivalents $ 180,459 $ 180,459 $ — $ — Restricted cash equivalents 126,963 126,963 — — Investments in marketable securities 11,982 11,982 — — Advertising fund cash equivalents, restricted 67,851 67,851 — — Company management estimated the approximate fair values of the 2015 fixed rate notes, the 2017 fixed and floating rate notes, the 2018 fixed rate notes and the 2019 fixed rate notes as follows: June 14, 2020 December 29, 2019 Principal Amount Fair Value Principal Amount Fair Value 2015 Ten-Year $ 770,000 $ 813,120 $ 774,000 $ 804,960 2017 Five-Year Fixed Rate Notes 585,000 587,340 588,000 588,588 2017 Ten-Year 975,000 1,042,275 980,000 1,017,240 2017 Five-Year Floating Rate Notes 292,500 287,820 294,000 294,000 2018 7.5-Year 417,563 441,782 419,688 431,439 2018 9.25-Year 393,000 424,047 395,000 414,355 2019 Ten-Year 671,625 699,833 675,000 675,675 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. The Company’s variable funding notes are a variable rate loan and the fair value of this loan approximates book value based on the borrowing rates currently available for variable rate loans obtained from third party lending institutions. This fair value represents a Level 2 measurement. The Company had $58.0 million of outstanding borrowings under its variable funding notes at June 14, 2020 and, subsequent to the second quarter of 2020, repaid $15.0 million of these outstanding borrowings. The Company did not have any outstanding borrowings under its variable funding notes as of December 29, 2019. The fair values in the table above represent the fair value of such notes at June 14, 2020 and December 29, 2019. In light of the COVID-19

Revenue Disclosures

Revenue Disclosures	6 Months Ended
	Jun. 14, 2020
Revenue from Contract with Customer [Abstract]
Revenue Disclosures	6. Revenue Disclosures Contract Liabilities Contract liabilities primarily consist of deferred franchise fees and deferred development fees. Changes in deferred franchise fees and deferred development fees were as follows: Two Fiscal Quarters June 14, June 16, Deferred franchise fees and deferred development fees at beginning of period $ 20,463 $ 19,900 Revenue recognized during the period (2,793 ) (2,630 ) New deferrals due to cash received and other 3,092 1,807 Deferred franchise fees and deferred development fees at end of period $ 20,762 $ 19,077 Advertising Fund Assets As of June 14, 2020, advertising fund assets, restricted of $113.1 million consisted of $84.2 million of cash and and As of December 29, 2019, advertising fund assets, restricted of $105.4 million consisted of $84.0 million of cash and cash equivalents, $15.3 million of accounts receivable and $6.1 million of prepaid expenses. As of December 29, 2019, advertising fund cash and cash equivalents included $3.5 million of cash contributed from U.S. Company-owned stores that had not yet been expended.

Leases

Leases	6 Months Ended
	Jun. 14, 2020
Leases [Abstract]
Lease Disclosures	7. Lease s The Company leases certain retail store and supply chain center locations, supply chain vehicles and its corporate headquarters with expiration dates through 2041. The components of operating and finance lease cost for the second quarter and two fiscal quarters of 2020 and the second quarter and two fiscal quarters of 2019 were as follows: Fiscal Quarter Ended Two Fiscal Quarters Ended June 14, June 16, June 14, June 16, Operating lease cost $ 10,250 $ 9,518 $ 19,832 $ 20,314 Finance lease cost: Amortization of right-of-use 451 255 700 509 Interest on lease liabilities 897 317 1,272 796 Total finance lease cost $ 1,348 $ 572 $ 1,972 $ 1,305 Rent expense totaled $16.2 million and $32.6 million in the second quarter and two fiscal quarters of 2020, respectively, and totaled $15.9 million and $32.3 million in the second quarter and two fiscal quarters of 2019, respectively. Rent expense includes operating lease cost, as well as expense for non-lease Variable rent expense and rent expense for short-term leases were immaterial for the second quarter and two fiscal quarters of 2020 and 2019, respectively . Supplemental balance sheet information related to the Company’s leases as of June 14, 2020 and December 29, 2019 was as follows: June 14, December 29, Land and buildings $ 44,067 $ 25,476 Accumulated depreciation and amortization (8,544 ) (7,846 ) Finance lease assets, net $ 35,523 $ 17,630 Current portion of long-term debt $ 999 $ 1,394 Long-term debt, less current portion 36,209 18,263 Total principal payable on finance leases $ 37,208 $ 19,657 As of June 14, 2020 and December 29, 2019, the weighted average remaining lease term and weighted average discount rate for the Company’s operating and finance leases were as follows: June 14, 2020 December 29, 2019 Operating Finance Operating Finance Weighted average remaining lease term 7 years 17 years 8 years 14 years Weighted average discount rate 3.8 % 9.1 % 3.8 % 11.7 % Supplemental cash flow information related to leases for the second quarter and two fiscal quarters of 2020 2019 Fiscal Quarter Ended Two Fiscal Quarters Ended June 14, June 16, June 14, June 16, Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 10,048 $ 9,398 $ 20,167 $ 20,088 Operating cash flows from finance leases 897 317 1,272 796 Financing cash flows from finance leases 691 106 1,040 261 Right-of-use Operating leases 6,596 13,391 15,578 26,368 Finance leases 18,746 — 18,746 — Maturities of lease liabilities as of June 14, 2020 were as follows: Operating Finance 2020 $ 25,756 $ 1,823 2021 42,035 4,493 2022 39,285 4,544 2023 33,914 4,602 2024 32,365 4,662 Thereafter 98,854 53,291 Total future minimum rental commitments 272,209 73,415 Less – amounts representing interest (36,458 ) (36,207 ) Total lease liabilities $ 235,751 $ 37,208 As of June 14, 2020, the Company has additional leases for one supply chain center and certain supply chain tractors and trailers that had not yet commenced with estimated future minimum rental commitments of approximately $30.4 million. These leases are expected to commence in 2020 with lease terms of up to 15 years. These undiscounted amounts are not included in the table above. The Company has guaranteed lease payments related to certain franchisees’ lease arrangements. The maximum amount of potential future payments under these guarantees is $14.9 million as of June 14, 2020. The Company does not believe these arrangements have or are likely to have a material effect on its results of operations, financial condition, revenues, expenses or liquidity.

Supplemental Disclosures of Cas

Supplemental Disclosures of Cash Flow Information	6 Months Ended
	Jun. 14, 2020
Supplemental Cash Flow Elements [Abstract]
Supplemental Disclosures of Cash Flow Information	8. Supplemental Disclosures of Cash Flow Information The Company had non-cash

Investment in Dash Brands

Investment in Dash Brands	6 Months Ended
	Jun. 14, 2020
Investments [Abstract]
Investment in Dash Brands	9. Investment in Dash Brands In the second quarter of 2020, a subsidiary of the Company acquired a non-controlling resulting from orderly transactions for the identical or a similar investment of the same issuer , . If such performance conditions are not satisfied, the Company has the option

New Accounting Pronouncements

New Accounting Pronouncements	6 Months Ended
	Jun. 14, 2020
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncements	10. New Accounting Pronouncements Recently Adopted Accounting Standard ASU 2016-13, In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments The effects of the changes made to the Company’s condensed consolidated balance sheet as of December 30, 2019 for the adoption of ASC 326 were as follows: Balance at Adjustments Due to ASC 326 Balance at Assets Current assets: Accounts receivable, net $ 210,260 $ 1,435 $ 211,695 Prepaid expenses and other 19,129 4 19,133 Other assets: Other assets 12,521 27 12,548 Deferred income taxes 10,073 (364 ) 9,709 Liabilities and stockholders’ deficit Stockholders’ deficit: Retained deficit (3,412,649 ) 1,102 (3,411,547 ) The Company recognized the cumulative effect of initially applying ASC 326 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 that period. An adjustment to beginning retained deficit and a corresponding adjustment to the allowance for doubtful accounts and notes receivable of approximately $1.5 million was recorded on the date of adoption, representing the remeasurement of these accounts to the Accounting Standards Not Yet Adopted The Company has considered all new accounting standards issued by the FASB. The Company has not yet completed its assessment of the following standards. ASU 2019-12, In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes 2019-12), 2019-12 ASU 2020-04, In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, 2020-04

COVID-19 Pandemic

COVID-19 Pandemic	6 Months Ended
	Jun. 14, 2020
Coronavirus Disease [Abstract]
COVID-19 Pandemic	11. COVID-19 In December 2019, a novel coronavirus disease (“COVID-19”) COVID-19 COVID-19 During the second quarter of 2020 in the midst of COVID-19 continued to Supply Chain also remained operational, with minimal interruptions due to COVID-19 and experienced higher volumes as a result of the increases in store sales. COVID-19 in certain markets as well as closely monitoring the impact of the pandemic on all aspects of its business and is continued COVID-19

Basis of Presentation and Upd_2

Basis of Presentation and Updates to Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 14, 2020
Accounting Policies [Abstract]
Allowances for Credit Losses	Allowances for Credit Losses The Company closely monitors accounts and notes receivable balances and estimates the allowance for credit losses. These estimates are based on historical collection experience and other factors, including those related to current market conditions and events. The Company’s allowances for accounts and notes receivable have not historically been material. The Company also monitors its off-balance
Equity investments without readily determinable fair values	Equity investments without readily determinable fair values Equity investments without readily determinable fair values are recorded at cost with adjustments for observable changes in prices resulting from orderly transactions for the identical or a similar investment of the same issuer or impairments and are classified as long-term other assets in the Company’s condensed consolidated balance sheet. Any adjustments to the carrying amount are recognized in other income (expense), net in the Company’s condensed consolidated statement of income. The Company evaluates the potential impairment of its investments based on various analyses including financial results and operating trends, implied values from recent similar transactions and other relevant available information. If the carrying amount of the investment exceeds the estimated fair value of the investment, an impairment loss is recognized, and the investment is written down to its estimated fair value.

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 14, 2020
Segment Reporting [Abstract]
Financial Information by Operating Segment	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 14, 2020 and June 16, 2019 U.S. Supply International Intersegment Stores Chain Franchise Revenues Other Total Revenues 2020 $ 332,778 $ 570,104 $ 48,104 $ (30,963 ) $ — $ 920,023 2019 289,095 495,989 54,975 (28,412 ) — 811,647 Income from operations 2020 $ 100,171 $ 52,461 $ 36,372 N/A $ (25,421 ) $ 163,583 2019 77,050 41,305 41,432 N/A (20,864 ) 138,923 Segment Income 2020 $ 102,934 $ 56,904 $ 36,410 N/A $ (12,555 ) $ 183,693 2019 82,006 45,382 41,491 N/A (9,235 ) 159,644 Two Fiscal Quarters Ended June 14, 2020 and June 16, 2019 U.S. Supply International Intersegment Stores Chain Franchise Revenues Other Total Revenues 2020 $ 635,684 $ 1,111,743 $ 105,600 $ (59,902 ) $ — $ 1,793,125 2019 598,374 1,001,670 109,559 (61,993 ) — 1,647,610 Income from operations 2020 $ 185,581 $ 99,837 $ 79,832 N/A $ (45,833 ) $ 319,417 2019 157,664 83,327 84,186 N/A (42,750 ) 282,427 Segment Income 2020 $ 191,211 $ 108,341 $ 79,914 N/A $ (20,687 ) $ 358,779 2019 165,604 91,429 84,290 N/A (19,628 ) 321,695
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 14, June 16, June 14, June 16, 2020 2019 2020 2019 Total Segment Income $ 183,693 $ 159,644 $ 358,779 $ 321,695 Depreciation and amortization (14,757 ) (14,060 ) (28,789 ) (27,850 ) Loss on sale/disposal of assets (238 ) (2,680 ) (544 ) (2,829 ) Non-cash (5,115 ) (3,981 ) (10,029 ) (8,589 ) Income from operations 163,583 138,923 319,417 282,427 Interest income 640 922 1,572 1,615 Interest expense (39,727 ) (33,866 ) (79,197 ) (68,920 ) Income before provision for income taxes $ 124,496 $ 105,979 $ 241,792 $ 215,122

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 14, 2020
Earnings Per Share [Abstract]
Earnings Per Share	Fiscal Quarter Ended Two Fiscal Quarters Ended June 14, June 16, June 14, June 16, 2020 2019 2020 2019 Net income available to common stockholders - basic and diluted $ 118,668 $ 92,359 $ 240,270 $ 185,009 Basic weighted average number of shares 39,058,292 41,023,269 38,862,108 40,944,400 Earnings per share – basic $ 3.04 $ 2.25 $ 6.18 $ 4.52 Diluted weighted average number of shares 39,746,479 42,236,507 39,688,663 42,219,649 Earnings per share – diluted $ 2.99 $ 2.19 $ 6.05 $ 4.38

Changes in Stockholders' Defi_2

Changes in Stockholders' Deficit (Tables)	6 Months Ended
	Jun. 14, 2020
Federal Home Loan Banks [Abstract]
Changes in Stockholders' Deficit	The following table summarizes changes in stockholders’ deficit for the second quarter of 2020. Common Stock Additional Paid-in Retained Accumulated Comprehensive Shares Amount Capital Deficit Loss Balance at March 22, 2020 39,039,599 $ 390 $ 12,474 $ (3,398,986 ) $ (6,068 ) Net income — — — 118,668 — Dividends declared on common stock and equivalents ($0.78 per share) — — — (30,697 ) — Issuance and cancellation of stock awards, net 4,068 — — — — Tax payments for restricted stock upon vesting (91 ) — (31 ) — — Exercise of stock options 303,637 3 14,693 — — Non-cash — — 5,115 — — Currency translation adjustment — — — — 1,533 Balance at June 14, 2020 39,347,213 $ 393 $ 32,251 $ (3,311,015 ) $ (4,535 ) The following table summarizes changes in stockholders’ deficit for the two fiscal quarters of 2020. Common Stock Additional Paid-in Retained Accumulated Shares Amount Loss Balance at December 29, 2019 38,934,009 $ 389 $ 243 $ (3,412,649 ) $ (3,742 ) Net income — — — 240,270 — Dividends declared on common stock and equivalents ($1.56 per share) — — — (61,139 ) — Issuance and cancellation of stock awards, net 5,713 — — — — Tax payments for restricted stock upon vesting (6,020 ) — (1,827 ) — — Purchases of common stock (271,064 ) (3 ) (988 ) (78,599 ) — Exercise of stock options 684,575 7 24,794 — — Non-cash — — 10,029 — — Adoption of ASC 326 (Note 10 — — — 1,102 — Currency translation adjustment — — — — (793 ) Balance at June 14, 2020 39,347,213 $ 393 $ 32,251 $ (3,311,015 ) $ (4,535 ) Subsequent to the second quarter, on July 15, 2020, the Company’s Board of Directors declared a $0.78 per share quarterly dividend on its outstanding common stock for shareholders of record as of September 15, 2020 to be paid on September 30, 2020. The following table summarizes changes in stockholders’ deficit for the second quarter of 2019. Common Stock Additional Paid-in Capital Retained Deficit Accumulated Shares Amount Loss Balance at March 24, 2019 41,083,890 $ 411 $ 5,464 $ (2,976,848 ) $ (4,192 ) Net income — — — 92,359 — Dividends declared on common stock and equivalents ($0.65 per share) — — — (26,789 ) — Issuance and cancellation of stock awards, net (3,079 ) — — — — Tax payments for restricted stock upon vesting (377 ) — (100 ) — — Purchases of common stock (12,295 ) (1 ) (3,308 ) — — Exercise of stock options 164,219 2 4,751 — — Non-cash — — 3,981 — — Currency translation adjustment — — — — (16 ) Balance at June 16, 2019 41,232,358 $ 412 $ 10,788 $ (2,911,278 ) $ (4,208 ) The following table summarizes changes in stockholders’ deficit for the two fiscal quarters of 2019. Common Stock Additional Paid-in Capital Retained Deficit Accumulated Shares Amount Loss Balance at December 30, 2018 40,977,561 $ 410 $ 569 $ (3,036,471 ) $ (4,429 ) Net income — — — 185,009 — Dividends declared on common stock and equivalents ($1.30 per share) — — — (53,454 ) — Issuance and cancellation of stock awards, net 5,161 — — — — Tax payments for restricted stock upon vesting (9,441 ) — (2,567 ) — — Purchases of common stock (45,844 ) (1 ) (5,090 ) (6,362 ) — Exercise of stock options 304,921 3 9,287 — — Non-cash — — 8,589 — — Currency translation adjustment — — — — 221 Balance at June 16, 2019 41,232,358 $ 412 $ 10,788 $ (2,911,278 ) $ (4,208 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 14, 2020
Fair Value Disclosures [Abstract]
Carrying Amounts and Fair Values of Certain Assets	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 fair value of the Company’s Level 3 investment (Note 9) is not readily determinable. The fair value represents its cost with adjustments for observable changes in prices resulting from orderly transactions for the identical or a similar investment of the same issuer or impairments. The following tables summarize the carrying amounts and estimated fair values of certain assets at June , and December , : At June 14, 2020 Fair Value Estimated Using Carrying Level 1 Level 2 Level 3 Amount Inputs Inputs Inputs Cash equivalents $ 223,664 $ 223,664 $ — $ — Restricted cash equivalents 167,319 167,319 — — Investments in marketable securities 11,278 11,278 — — Advertising fund cash equivalents, restricted 71,488 71,488 — — Investments (Note 9) 40,000 — — 40,000 At December 29, 2019 Fair Value Estimated Using Carrying Level 1 Level 2 Level 3 Cash equivalents $ 180,459 $ 180,459 $ — $ — Restricted cash equivalents 126,963 126,963 — — Investments in marketable securities 11,982 11,982 — — Advertising fund cash equivalents, restricted 67,851 67,851 — —
Schedule of Estimated Fair Value	Company management estimated the approximate fair values of the 2015 fixed rate notes, the 2017 fixed and floating rate notes, the 2018 fixed rate notes and the 2019 fixed rate notes as follows: June 14, 2020 December 29, 2019 Principal Amount Fair Value Principal Amount Fair Value 2015 Ten-Year $ 770,000 $ 813,120 $ 774,000 $ 804,960 2017 Five-Year Fixed Rate Notes 585,000 587,340 588,000 588,588 2017 Ten-Year 975,000 1,042,275 980,000 1,017,240 2017 Five-Year Floating Rate Notes 292,500 287,820 294,000 294,000 2018 7.5-Year 417,563 441,782 419,688 431,439 2018 9.25-Year 393,000 424,047 395,000 414,355 2019 Ten-Year 671,625 699,833 675,000 675,675

Revenue Disclosures (Tables)

Revenue Disclosures (Tables)	6 Months Ended
	Jun. 14, 2020
Revenue from Contract with Customer [Abstract]
Schedule of Contract Liabilities Primarily Consist of Deferred Franchise Fees and Deferred Development Fees	Contract liabilities primarily consist of deferred franchise fees and deferred development fees. Changes in deferred franchise fees and deferred development fees were as follows: Two Fiscal Quarters June 14, June 16, Deferred franchise fees and deferred development fees at beginning of period $ 20,463 $ 19,900 Revenue recognized during the period (2,793 ) (2,630 ) New deferrals due to cash received and other 3,092 1,807 Deferred franchise fees and deferred development fees at end of period $ 20,762 $ 19,077

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 14, 2020
Leases [Abstract]
Components Of Operating And Finance Lease Cost	The components of operating and finance lease cost for the second quarter and two fiscal quarters of 2020 and the second quarter and two fiscal quarters of 2019 were as follows: Fiscal Quarter Ended Two Fiscal Quarters Ended June 14, June 16, June 14, June 16, Operating lease cost $ 10,250 $ 9,518 $ 19,832 $ 20,314 Finance lease cost: Amortization of right-of-use 451 255 700 509 Interest on lease liabilities 897 317 1,272 796 Total finance lease cost $ 1,348 $ 572 $ 1,972 $ 1,305
Schedule of Supplemental Balance Sheet Information Related To Finance Leases	Supplemental balance sheet information related to the Company’s leases as of June 14, 2020 and December 29, 2019 was as follows: June 14, December 29, Land and buildings $ 44,067 $ 25,476 Accumulated depreciation and amortization (8,544 ) (7,846 ) Finance lease assets, net $ 35,523 $ 17,630 Current portion of long-term debt $ 999 $ 1,394 Long-term debt, less current portion 36,209 18,263 Total principal payable on finance leases $ 37,208 $ 19,657 June 14, 2020 December 29, 2019 Operating Finance Operating Finance Weighted average remaining lease term 7 years 17 years 8 years 14 years Weighted average discount rate 3.8 % 9.1 % 3.8 % 11.7 %
Schedule Of Supplemental Cash Flow Information Related To Leases	Supplemental cash flow information related to leases for the second quarter and two fiscal quarters of 2020 2019 Fiscal Quarter Ended Two Fiscal Quarters Ended June 14, June 16, June 14, June 16, Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 10,048 $ 9,398 $ 20,167 $ 20,088 Operating cash flows from finance leases 897 317 1,272 796 Financing cash flows from finance leases 691 106 1,040 261 Right-of-use Operating leases 6,596 13,391 15,578 26,368 Finance leases 18,746 — 18,746 —
Schedule Of Maturities Of Operating And Finance Leases Liabilities	Maturities of lease liabilities as of June 14, 2020 were as follows: Operating Finance 2020 $ 25,756 $ 1,823 2021 42,035 4,493 2022 39,285 4,544 2023 33,914 4,602 2024 32,365 4,662 Thereafter 98,854 53,291 Total future minimum rental commitments 272,209 73,415 Less – amounts representing interest (36,458 ) (36,207 ) Total lease liabilities $ 235,751 $ 37,208

New Accounting Pronouncements (

New Accounting Pronouncements (Tables)	6 Months Ended
	Jun. 14, 2020
Accounting Changes and Error Corrections [Abstract]
Cumulative Effects of Changes Made to Consolidated Balance Sheet	The effects of the changes made to the Company’s condensed consolidated balance sheet as of December 30, 2019 for the adoption of ASC 326 were as follows: Balance at Adjustments Due to ASC 326 Balance at Assets Current assets: Accounts receivable, net $ 210,260 $ 1,435 $ 211,695 Prepaid expenses and other 19,129 4 19,133 Other assets: Other assets 12,521 27 12,548 Deferred income taxes 10,073 (364 ) 9,709 Liabilities and stockholders’ deficit Stockholders’ deficit: Retained deficit (3,412,649 ) 1,102 (3,411,547 )

Basis of Presentation and Upd_3

Basis of Presentation and Updates to Significant Accounting Policies - Additional Information (Detail) $ in Millions	Jun. 14, 2020USD ($)
Dash Brands Ltd [Member]
Description Of Business And Summary Of Significant Accounting Policies
Acquisition of non-controlling interest	$ 40

Financial Information by Operat

Financial Information by Operating Segment (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 14, 2020	Jun. 16, 2019	Jun. 14, 2020	Jun. 16, 2019
Segment Reporting Information [Line Items]
Revenues	$ 920,023	$ 811,647	$ 1,793,125	$ 1,647,610
Segment Income	183,693	159,644	358,779	321,695
Income from Operations	163,583	138,923	319,417	282,427
Supply Chain [Member]
Segment Reporting Information [Line Items]
Revenues	539,141	467,577	1,051,841	939,677
Operating Segments [Member] | U.S. Stores [Member]
Segment Reporting Information [Line Items]
Revenues	332,778	289,095	635,684	598,374
Segment Income	102,934	82,006	191,211	165,604
Income from Operations	100,171	77,050	185,581	157,664
Operating Segments [Member] | Supply Chain [Member]
Segment Reporting Information [Line Items]
Revenues	570,104	495,989	1,111,743	1,001,670
Segment Income	56,904	45,382	108,341	91,429
Income from Operations	52,461	41,305	99,837	83,327
Operating Segments [Member] | International Franchise [Member]
Segment Reporting Information [Line Items]
Revenues	48,104	54,975	105,600	109,559
Segment Income	36,410	41,491	79,914	84,290
Income from Operations	36,372	41,432	79,832	84,186
Intersegment Revenues [Member]
Segment Reporting Information [Line Items]
Revenues	(30,963)	(28,412)	(59,902)	(61,993)
Segment Reconciling [Member]
Segment Reporting Information [Line Items]
Segment Income	(12,555)	(9,235)	(20,687)	(19,628)
Income from Operations	$ (25,421)	$ (20,864)	$ (45,833)	$ (42,750)

Reconciliation of Total Segment

Reconciliation of Total Segment Income to Consolidated Income Before Provision for Income Taxes (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 14, 2020	Jun. 16, 2019	Jun. 14, 2020	Jun. 16, 2019
Segment Reconciliation [Abstract]
Total Segment Income	$ 183,693	$ 159,644	$ 358,779	$ 321,695
Depreciation and amortization	(14,757)	(14,060)	(28,789)	(27,850)
Loss on sale/disposal of assets	(238)	(2,680)	(544)	(2,829)
Non-cash compensation expense	(5,115)	(3,981)	(10,029)	(8,589)
Income from operations	163,583	138,923	319,417	282,427
Interest income	640	922	1,572	1,615
Interest expense	(39,727)	(33,866)	(79,197)	(68,920)
Income before provision for income taxes	$ 124,496	$ 105,979	$ 241,792	$ 215,122

Earnings Per Share (Detail)

Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 14, 2020	Jun. 16, 2019	Jun. 14, 2020	Jun. 16, 2019
Earnings Per Share [Abstract]
Net income available to common stockholders - basic and diluted	$ 118,668	$ 92,359	$ 240,270	$ 185,009
Basic weighted average number of shares	39,058,292	41,023,269	38,862,108	40,944,400
Earnings per share – basic	$ 3.04	$ 2.25	$ 6.18	$ 4.52
Diluted weighted average number of shares	39,746,479	42,236,507	39,688,663	42,219,649
Earnings per share – diluted	$ 2.99	$ 2.19	$ 6.05	$ 4.38

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 14, 2020	Jun. 16, 2019	Jun. 14, 2020	Jun. 16, 2019
Stock Option [Member]
Earnings Per Share [Line Items]
Anti-dilutive Securities Excluded from Computation of Earnings Per Share		71,180	263	71,180
Restricted Performance Shares [Member]
Earnings Per Share [Line Items]
Securities excluded from computation of earnings per share, amount unvested	90,472	93,412	90,472	93,412
Restricted Stock [Member]
Earnings Per Share [Line Items]
Anti-dilutive Securities Excluded from Computation of Earnings Per Share			1,760

Changes in Stockholders' Defi_3

Changes in Stockholders' Deficit (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 14, 2020	Jun. 16, 2019	Jun. 14, 2020	Jun. 16, 2019
Stockholders' Deficit [Line Items]
Balance	[1]			$ (3,415,759)
Net income		$ 118,668	$ 92,359	240,270	$ 185,009
Balance		$ (3,282,906)		$ (3,282,906)
Common Stock [Member]
Stockholders' Deficit [Line Items]
Balance (in shares)		39,039,599	41,083,890	38,934,009	40,977,561
Balance		$ 390	$ 411	$ 389	$ 410
Issuance and cancellation of stock awards, net, (in shares)		4,068	(3,079)	5,713	5,161
Tax payments for restricted stock upon vesting, (in shares)		(91)	(377)	(6,020)	(9,441)
Purchases of common stock, (in shares)			(12,295)	(271,064)	(45,844)
Purchases of common stock			$ (1)	$ (3)	$ (1)
Exercises of stock options, (in shares)		303,637	164,219	684,575	304,921
Exercises of stock options		$ 3	$ 2	$ 7	$ 3
Balance (in shares)		39,347,213	41,232,358	39,347,213	41,232,358
Balance		$ 393	$ 412	$ 393	$ 412
Additional Paid-in Capital [Member]
Stockholders' Deficit [Line Items]
Balance		12,474	5,464	243	569
Tax payments for restricted stock upon vesting		(31)	(100)	(1,827)	(2,567)
Purchases of common stock			(3,308)	(988)	(5,090)
Exercises of stock options		14,693	4,751	24,794	9,287
Non-cash compensation expense		5,115	3,981	10,029	8,589
Balance		32,251	10,788	32,251	10,788
Retained Deficit [Member]
Stockholders' Deficit [Line Items]
Balance		(3,398,986)	(2,976,848)	(3,412,649)	(3,036,471)
Net income		118,668	92,359	240,270	185,009
Dividends declared on common stock and equivalents		(30,697)	(26,789)	(61,139)	(53,454)
Purchases of common stock				(78,599)	(6,362)
Adoption of ASC 326 (Note 9)				1,102
Balance		(3,311,015)	(2,911,278)	(3,311,015)	(2,911,278)
Accumulated Other Comprehensive Income (Loss) [Member]
Stockholders' Deficit [Line Items]
Balance		(6,068)	(4,192)	(3,742)	(4,429)
Currency translation adjustment		1,533	(16)	(793)	221
Balance		$ (4,535)	$ (4,208)	$ (4,535)	$ (4,208)
[1]	The balance sheet at December 29, 2019 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.

Changes in Stockholders' Defi_4

Changes in Stockholders' Deficit (Parenthetical) (Detail) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 14, 2020	Jun. 16, 2019	Jun. 14, 2020	Jun. 16, 2019
Dividends declared per share	$ 0.78	$ 0.65	$ 1.56	$ 1.30

Changes in Stockholders' Defi_5

Changes in Stockholders' Deficit - Additional Information (Detail) - $ / shares	Jul. 15, 2020	Jun. 14, 2020	Jun. 16, 2019	Jun. 14, 2020	Jun. 16, 2019
Dividends declared per share		$ 0.78	$ 0.65	$ 1.56	$ 1.30
Subsequent Event [Member]
Dividends declared per share	$ 0.78
Record date of dividend	Sep. 15, 2020
Dividend declared date	Jul. 15, 2020
Dividend payable date	Sep. 30, 2020

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - Variable Funding Note [Member] - Fair Value, Inputs, Level 2 [Member] - USD ($) $ in Millions	3 Months Ended
	Sep. 06, 2020	Jun. 14, 2020	Dec. 29, 2019
Long-term Line of Credit, Noncurrent		$ 58
Long-term Line of Credit, Noncurrent			$ 0
Subsequent Event [Member]
Line of Credit, Repayment	$ 15

Carrying Amounts and Fair Value

Carrying Amounts and Fair Values of Certain Assets (Detail) - USD ($) $ in Thousands	Jun. 14, 2020	Dec. 29, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents, carrying amount	$ 223,664	$ 180,459
Restricted cash equivalents, carrying amount	167,319	126,963
Investments in marketable securities, carrying amount	11,278	11,982
Advertising fund cash equivalents, restricted, carrying amount	71,488	67,851
Investments	40,000
Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents, carrying amount	223,664	180,459
Restricted cash equivalents, carrying amount	167,319	126,963
Investments in marketable securities, carrying amount	11,278	11,982
Advertising fund cash equivalents, restricted, fair value	71,488	$ 67,851
Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	$ 40,000

Schedule of Estimated Fair Valu

Schedule of Estimated Fair Value (Detail) - USD ($) $ in Thousands	Jun. 14, 2020	Dec. 29, 2019
2015 Ten-Year Fixed Rate Notes [Member]
Debt Instrument [Line Items]
Principal Amount	$ 770,000	$ 774,000
Fair Value	813,120	804,960
2017 Five-Year Fixed Rate Notes [Member]
Debt Instrument [Line Items]
Principal Amount	585,000	588,000
Fair Value	587,340	588,588
2017 Ten-Year Fixed Rate Notes [Member]
Debt Instrument [Line Items]
Principal Amount	975,000	980,000
Fair Value	1,042,275	1,017,240
2017 Five-Year Floating Rate Notes [Member]
Debt Instrument [Line Items]
Principal Amount	292,500	294,000
Fair Value	287,820	294,000
2018 7.5-Year Fixed Rate Notes [Member]
Debt Instrument [Line Items]
Principal Amount	417,563	419,688
Fair Value	441,782	431,439
2018 9.25-Year Fixed Rate Notes [Member]
Debt Instrument [Line Items]
Principal Amount	393,000	395,000
Fair Value	424,047	414,355
2019 Ten-Year Fixed Rate Notes [Member]
Debt Instrument [Line Items]
Principal Amount	671,625	675,000
Fair Value	$ 699,833	$ 675,675

Schedule of Contract Liabilitie

Schedule of Contract Liabilities Primarily Consist of Deferred Franchise Fees and Deferred Development Fees (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 14, 2020	Jun. 16, 2019
Revenue from Contract with Customer [Abstract]
Deferred franchise fees and deferred development fees at beginning of period	$ 20,463	$ 19,900
Revenue recognized during the period	(2,793)	(2,630)
New deferrals due to cash received and other	3,092	1,807
Deferred franchise fees and deferred development fees at end of period	$ 20,762	$ 19,077

Revenue Disclosures - Additiona

Revenue Disclosures - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 14, 2020	Dec. 29, 2019
Advertising fund assets restricted	$ 113,087	$ 105,389	[1]
U.S. stores [Member] | U.S. franchise stores [Member] | Cash, cash equivalents and investments [Member]
Advertising fund assets restricted	84,200	84,000
U.S. stores [Member] | U.S. franchise stores [Member] | Prepaid expenses [Member]
Advertising fund assets restricted	5,500	6,100
U.S. stores [Member] | U.S. franchise stores [Member] | Accounts receivable [Member]
Advertising fund assets restricted	23,400	15,300
U.S. stores [Member] | U.S. Company-owned stores [Member]
Cash contributed from Company-owned stores	$ 4,200	$ 3,500
[1]	The balance sheet at December 29, 2019 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.

Components of Operating and Fin

Components of Operating and Finance Lease Cost (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 14, 2020	Jun. 16, 2019	Jun. 14, 2020	Jun. 16, 2019
Operating lease cost	$ 10,250	$ 9,518	$ 19,832	$ 20,314
Finance lease cost:
Amortization of right-of-use assets	451	255	700	509
Interest on lease liabilities	897	317	1,272	796
Total finance lease cost	$ 1,348	$ 572	$ 1,972	$ 1,305

Supplemental balance sheet info

Supplemental balance sheet information related to the Company's leases (Detail) - USD ($) $ in Thousands	Jun. 14, 2020	Dec. 29, 2019
Land and buildings	$ 44,067	$ 25,476
Accumulated depreciation and amortization	(8,544)	(7,846)
Finance lease assets, net	35,523	17,630
Current portion of long-term debt	999	1,394
Long-term debt, less current portion	36,209	18,263
Total principal payable on finance leases	$ 37,208	$ 19,657
Finance Lease, Weighted Average Remaining Lease Term	17 years	14 years
Finance Lease, Weighted Average Discount Rate, Percent	9.10%	11.70%
Operating Lease, Weighted Average Remaining Lease Term	7 years	8 years
Operating Lease, Weighted Average Discount Rate, Percent	3.80%	3.80%

Supplemental Cash Flow Informat

Supplemental Cash Flow Information Related To Leases (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 14, 2020	Jun. 16, 2019	Jun. 14, 2020	Jun. 16, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 10,048	$ 9,398	$ 20,167	$ 20,088
Operating cash flows from finance leases	897	317	1,272	796
Financing cash flows from finance leases	691	106	1,040	261
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	6,596	13,391	15,578	26,368
Finance leases	$ 18,746	$ 0	$ 18,746	$ 0

Maturities of Lease Liabilities

Maturities of Lease Liabilities (Detail) - USD ($) $ in Thousands	Jun. 14, 2020	Dec. 29, 2019
2020	$ 25,756
2021	42,035
2022	39,285
2023	33,914
2024	32,365
Thereafter	98,854
Total future minimum rental commitments	272,209
Less – amounts representing interest	(36,458)
Total lease liabilities	235,751
2020	1,823
2021	4,493
2022	4,544
2023	4,602
2024	4,662
Thereafter	53,291
Total future minimum rental commitments	73,415
Less – amounts representing interest	(36,207)
Total principal payable on finance leases	$ 37,208	$ 19,657

Leases - Additional Information

Leases - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 14, 2020	Jun. 16, 2019	Jun. 14, 2020	Jun. 16, 2019
Rent Expenses	$ 16.2	$ 15.9	$ 32.6	$ 32.3
Potential future payments	14.9		14.9
Operating Lease [Member]
Lessee, operating lease, lease not yet commenced, future minimum rental commitments	$ 30.4		$ 30.4
Lease Term	15 years		15 years

Supplemental Disclosures of C_2

Supplemental Disclosures of Cash Flow Information - Additional Information (Detail) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 14, 2020	Dec. 29, 2019
Schedule of Cash Flow, Supplemental [Line Items]
Capital expenditure accrual	$ 2.5	$ 6.9

Investment in Dash Brands - Add

Investment in Dash Brands - Additional Information (Detail) - Dash Brands Ltd [Member] - USD ($) $ in Millions	Mar. 21, 2021	Jun. 14, 2020
Investments [Line Items]
Investments at carrying value		$ 40
Acquisition of non-controlling interest		$ 40
Subsequent Event [Member]
Investments [Line Items]
Acquisition of non-controlling interest	$ 40

New Accounting Pronouncements -

New Accounting Pronouncements - Cumulative Effects of Changes Made to Consolidated Balance Sheet (Detail) - USD ($) $ in Thousands	Jun. 14, 2020	Dec. 30, 2019	Dec. 29, 2019	[1]
Current assets:
Accounts receivable, net	$ 232,114		$ 210,260
Prepaid expenses and other	28,873		19,129
Other assets:
Other assets	69,517		24,503
Deferred income taxes	8,214		10,073
Stockholders' deficit:
Retained deficit	$ (3,311,015)		$ (3,412,649)
Scenario, Previously Reported [Member]
Current assets:
Accounts receivable, net		$ 210,260
Prepaid expenses and other		19,129
Other assets:
Other assets		12,521
Deferred income taxes		10,073
Stockholders' deficit:
Retained deficit		(3,412,649)
Adjustments for New Accounting Pronouncement [Member]
Current assets:
Accounts receivable, net		1,435
Other assets:
Other assets		27
Adjustments for New Accounting Pronouncement [Member] | Adjustments Due to ASC 326 [Member]
Current assets:
Prepaid expenses and other		4
Other assets:
Deferred income taxes		(364)
Stockholders' deficit:
Retained deficit		1,102
Scenario As Restated [Member]
Current assets:
Accounts receivable, net		211,695
Prepaid expenses and other		19,133
Other assets:
Other assets		12,548
Deferred income taxes		9,709
Stockholders' deficit:
Retained deficit		$ (3,411,547)
[1]	The balance sheet at December 29, 2019 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_2

New Accounting Pronouncements - Additional Information (Detail) - Adjustments for New Accounting Pronouncement [Member] - Restatement Adjustment [Member] $ in Millions	12 Months Ended
	Dec. 29, 2019USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accounts and notes receivable, net	$ 1.5
Deferred income taxes	$ 0.4