Franchise (TAX) 10-Q 5 Aug 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 27, 2020	Aug. 03, 2020
Entity Information [Line Items]
Entity File Number	001-35588
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	27-3561876
Title of 12(b) Security	Common stock, par value $.01 per share
Trading Symbol	FRG
Entity Registrant Name	Franchise Group, Inc.
Entity Address, Address Line One	2387 Liberty Way
Entity Address, City or Town	Virginia Beach,
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	23456
City Area Code	757)
Local Phone Number	493-8855
Entity Central Index Key	0001528930
Document Type	10-Q
Document Annual Report	true
Document Period End Date	Jun. 27, 2020
Document Transition Report	false
Amendment Flag	false
Current Fiscal Year End Date	--12-26
Entity Filer Category	Accelerated Filer
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	Yes
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Small Business	true
Entity Emerging Growth Company	false
Security Exchange Name	NASDAQ
Common Stock [Member]
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		40,029,599

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jun. 27, 2020	Dec. 28, 2019
Current assets:
Cash and cash equivalents	$ 105,473,000
Receivables:
interest receivable, current, net		$ 3,132
Total current receivables, net	111,857,000	79,693,000
Income taxes receivable		3,356
Inventory, Net	315,078,000	300,312,000
Other current assets	24,298,000	20,267,000
Total current assets	556,706,000	439,853,000
Property, equipment, and software, net	152,520,000	150,147,000
Accounts and Financing Receivable, after Allowance for Credit Loss, Noncurrent	15,105,000	18,638,000
Goodwill	468,088,000	134,301,000
Operating Lease, Right-of-Use Asset	529,891,000	462,610,000
Other intangible assets, net	145,887,000	77,590,000
Other assets	15,434,000	15,406,000
Total assets	1,883,631,000	1,298,545,000
Current liabilities:
Current installments of long-term obligations	203,490,000	218,384,000
Operating Lease, Liability, Current	130,307,000	107,680,000
Accounts payable and accrued expenses	222,461,000	158,995,000
Deferred revenue - current	38,008,000	16,409,000
Total current liabilities	594,266,000	501,468,000
Long-term Debt and Lease Obligation	426,255,000	394,307,000
Total liabilities	1,592,922,000	1,146,784,000
Equity:
Additional paid-in capital	249,525,000	108,339,000
Accumulated other comprehensive loss, net of taxes	(2,103,000)	(1,538,000)
Retained earnings	42,935,000	18,388,000
Total equity attributable to Liberty Tax, Inc.	290,709,000	125,391,000
Noncontrolling Interest in Variable Interest Entity	0	26,370,000
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	290,709,000	151,761,000
Total liabilities and equity	1,883,631,000	1,298,545,000
Long-term Debt, Excluding Current Maturities	537,148,000	245,236,000
Other Liabilities, Noncurrent	35,253,000	5,773,000
Special voting preferred stock
Equity:
Preferred stock	0	19,000
Class A common stock
Equity:
Common stock	352,000	183,000
Total equity attributable to Liberty Tax, Inc.	$ 352,000	$ 183,000

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 27, 2020	Dec. 28, 2019
Finite-Lived Intangible Assets, Accumulated Amortization	$ 28,022	$ 22,467
Class A common stock
Common Stock, Value, Issued	$ 352	$ 183

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 27, 2020	Jun. 30, 2019	Jun. 27, 2020	Jun. 30, 2019
Class of Stock [Line Items]
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic	$ (269)	$ 0	$ 2,090	$ 0
Earnings Per Share, Basic	$ (0.62)	$ (0.37)	$ 1.30	$ 2.34
Weighted Average Number of Shares Outstanding, Diluted	34,972,364	14,062,766	29,335,633	14,124,104
Cost of Goods and Services Sold	$ 283,791	$ 0	$ 578,306	$ 0
Cost of Goods Sold, Leases	5,508	0	11,450	0
Revenues:
Lease Income	17,176	0	33,596	0
Total revenues	512,627	23,820	1,105,193	119,658
Operating expenses:
Selling, general, and administrative expenses	217,264	29,482	469,476	70,447
Depreciation, amortization and impairment charges	17,865	3,699	33,792	7,772
Total operating expenses	501,055	29,482	1,047,782	70,447
Loss from operations	11,572	(5,662)	57,411	49,211
Other income (expense):
Foreign currency transaction gain	(6)	(106)	(4,064)	(99)
Interest expense	(31,626)	(415)	(57,378)	(1,470)
Loss before income taxes	(20,060)	(6,183)	(4,031)	47,642
Income tax benefit	1,882	(928)	(43,987)	14,706
Net loss	$ (21,942)	$ (5,255)	$ 39,956	$ 32,936
Weighted Average Number of Shares Outstanding, Basic	34,972,364	14,062,766	29,173,172	14,059,279
Net loss per share of common stock:
Earnings Per Share, Diluted	$ (0.62)	$ (0.37)	$ 1.29	$ 2.33
Common Class A [Member]
Class of Stock [Line Items]
Net Income (Loss) Available to Common Stockholders, Basic	$ (21,673)	$ (5,255)	$ 37,866	$ 32,936
Weighted Average Number of Shares Outstanding, Diluted		14,124,104	29,335,633
Other income (expense):
Weighted Average Number of Shares Outstanding, Basic			29,173,172	14,059,279
Net loss per share of common stock:
Earnings Per Share, Basic and Diluted	$ (0.62)	$ (0.37)
Weighted Average Number of Shares Outstanding, Basic and Diluted	34,972,364	14,062,766
Service [Member]
Class of Stock [Line Items]
Cost of Goods and Services Sold	$ 701	$ 0	$ 1,456	$ 0
Revenues:
Total revenues	28,742	23,820	131,383	119,658
Product [Member]
Class of Stock [Line Items]
Cost of Goods and Services Sold	277,582	0	565,400	0
Revenues:
Total revenues	$ 466,709	$ 0	$ 940,214	$ 0

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 27, 2020	Jun. 30, 2019	Jun. 27, 2020	Jun. 30, 2019
Other Comprehensive Income (Loss), Net of Tax	$ 378	$ 97	$ (565)	$ 286
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax	(7)	(34)	(80)	(55)
Net loss	21,942	5,255	(39,956)	(32,936)
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax, Portion Attributable to Parent	381	113	(491)	341
Other Comprehensive Income Loss From Forward Contracts Net of Tax	4	18	6	0
Other comprehensive gain (loss)	(21,295)	(5,158)	37,476	33,222
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest	(269)	0	1,915	0
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest	$ (21,564)	$ (5,158)	$ 39,391	$ 33,222

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Stockholders Equity Statement - USD ($) shares in Thousands	Total	Common Class A [Member]	Preferred Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total Equity [Member]	Noncontrolling Interest [Member]
Shares, Outstanding		14,044
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 62,241,000
Stockholders' Equity Attributable to Parent		$ 140,000		$ 12,091,000	$ (2,019,000)	$ 52,029,000	$ 62,241,000
Stockholders' Equity Attributable to Noncontrolling Interest								$ 0
Net Income (Loss) Attributable to Parent	32,936,000					32,936,000	32,936,000
Stock Issued During Period, Shares, Acquisitions		14
Stock Issued During Period, Value, Acquisitions	153,000			153,000			153,000
Adjustment to APIC, Share-based Compensation, Requisite Service Period Recognition, Shares		51
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax and Reclassification Adjustment, Attributable to Parent	286,000				286,000		286,000
Adjustment to APIC, Share-based Compensation, Requisite Service Period Recognition	1,028,000	$ 1,000		1,027,000			1,028,000
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest	33,222,000
Other Comprehensive Income (Loss), Net of Tax	286,000
Shares, Outstanding		14,100	0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	96,882,000
Stockholders' Equity Attributable to Parent		$ 141,000	$ 0	13,183,000	(1,733,000)	85,291,000	96,882,000
Stockholders' Equity Attributable to Noncontrolling Interest								0
Shares, Outstanding		18,250	1,887
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	151,761,000
Preferred Stock, Converted to Common, Shares			(1,099)
Stockholders' Equity Attributable to Parent	125,391,000	$ 183,000	$ 19,000	108,339,000	(1,538,000)	18,388,000	125,391,000
Stockholders' Equity Attributable to Noncontrolling Interest								26,370,000
Noncontrolling Interest in Period, Value	(2,358,000)			23,744,000
Net Income (Loss) Attributable to Parent	39,956,000					37,866,000	37,866,000
Common Stock, Preferred converted, Value		94,000
Preferred Stock, Converted to Common, Value	(9,953,000)		$ (19,000)	(10,028,000)			(9,953,000)
Stock Issued During Period, Value, Restricted Stock Award, Gross	3
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax and Reclassification Adjustment, Attributable to Parent	(565,000)
Acquisition Costs, Period Cost, attributable to parent							23,569,000
Acquisition Costs, Period Cost, Attributable to Noncontrolling Interest								(25,927,000)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax					(390,000)
Other Comprehensive Income (Loss), before Tax, Portion Attributable to Parent							(390,000)
Adjustment to APIC, Share-based Compensation, Requisite Service Period Recognition	4,265,000	$ 18,000		4,265,000			4,265,000
Dividends	(15,677,000)					(15,677,000)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest	39,391,000							(175,000)
Other Comprehensive Income (Loss), Net of Tax	(565,000)
Shares, Outstanding		29,653	1,099
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	329,021,000
Common Stock, Preferred converted, Shares		5,496
Stockholders' Equity Attributable to Parent		$ 297,000	$ 11,000	237,354,000	(2,306,000)	73,652,000	309,008,000
Stockholders' Equity Attributable to Noncontrolling Interest								20,013,000
Dividends Payable							(9,044,000)
Noncontrolling Interest in Period, Value	0			19,919,000
Net Income (Loss) Attributable to Parent	(21,942,000)					(21,673,000)	(21,673,000)
Common Stock, Preferred converted, Value		55,000
Preferred Stock, Converted to Common, Value	(9,707,000)		$ (11,000)	(9,751,000)			(9,707,000)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax and Reclassification Adjustment, Attributable to Parent	378,000
Acquisition Costs, Period Cost, attributable to parent							19,744,000
Acquisition Costs, Period Cost, Attributable to Noncontrolling Interest								(19,744,000)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax					378,000
Other Comprehensive Income (Loss), before Tax, Portion Attributable to Parent							378,000
Adjustment to APIC, Share-based Compensation, Requisite Service Period Recognition	1,817,000	$ 15,000		1,817,000			1,817,000
Dividends	(9,044,000)					(9,044,000)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest	(21,564,000)							0
Other Comprehensive Income (Loss), Net of Tax	378,000
Shares, Outstanding		35,187	0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	290,709,000
Common Stock, Preferred converted, Shares		9,434
Preferred Stock, Converted to Common, Shares			(1,887)
Stockholders' Equity Attributable to Parent	$ 290,709,000	$ 352,000	$ 0	$ 249,525,000	$ (2,103,000)	$ 42,935,000	290,709,000
Stockholders' Equity Attributable to Noncontrolling Interest								$ 0
Dividends Payable							$ (15,677,000)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($)	3 Months Ended		6 Months Ended		8 Months Ended
	Jun. 27, 2020	Jun. 30, 2019	Jun. 27, 2020	Jun. 30, 2019	Dec. 28, 2019	Dec. 31, 2018
Payments to Acquire Software			$ 2,608,000	$ 0
Payment of Financing and Stock Issuance Costs			31,013,000	0
Proceeds from Issuance of Secured Debt				0
Taxes Receivable Agreement, Other long Term Liabilities	$ 17,156,000		17,156,000
Restricted Cash, Noncurrent	5,097,000		5,097,000
Restricted Cash and Cash Equivalents	110,570,000	$ 2,976,000	110,570,000	2,976,000
Operating Activities
Net loss	(21,942,000)	(5,255,000)	39,956,000	32,936,000
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for doubtful accounts			3,403,000	4,770,000
Depreciation, amortization and impairment charges	17,865,000	3,699,000	33,792,000	7,772,000
Amortization of Debt Issuance Costs			21,554,000	358,000
Gain (Loss) on Disposition of Other Assets			(166,000)	270,000
Stock-based compensation expense - equity awards			4,339,000	1,047,000
Gain on bargain purchases and sales of Company-owned offices			1,258,000	(424,000)
Income (Loss) from Equity Method Investments			15,000	1,000
Equity in loss of affiliate			7,739,000	742,000
Increase (Decrease) in Income Taxes Payable			(53,156,000)	13,341,000
Changes in other assets and liabilities
Increase (Decrease) in Deferred Revenue			8,938,000	(1,538,000)
Increase (Decrease) in Accounts and Other Receivables			(1,784,000)	1,380,000
Increase (Decrease) in Other Current Assets			1,015,000	1,870,000
Increase (Decrease) in Accounts Payable and Accrued Liabilities			134,000	222,000
Increase (Decrease) in Inventories			84,434,000	0	$ 25.8
Net Cash Provided by (Used in) Operating Activities, Continuing Operations			148,955,000	63,595,000
Deferred revenue
Net cash provided by operating activities			(28,876,000)	(44,346,000)
Investing Activities			49,612,000	66,204,000
Issuance of operating loans to franchisees and ADs			(2,299,000)	(404,000)
Proceeds from Sale of Intangible Assets			989,000	22,000
Purchases of Company-owned offices, AD rights, and acquired customer lists			(16,212,000)	(647,000)
Proceeds from sale of Company-owned offices and AD rights			(350,209,000)	20,829,000
Payments to Acquire Businesses, Net of Cash Acquired			(353,423,000)	0
Acquisition of business, net of cash acquired
Proceeds from Stock Options Exercised			187,000	153,000
Payments of Ordinary Dividends			(10,406,000)	0
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders			(4,716,000)	0
Financing Activities			(410,798,000)	(16,178,000)
Proceeds from the exercise of stock options			142,000,000	93,874,000
Repurchase of common stock and tax impact of stock compensation			(112,760,000)	(161,128,000)
Proceeds from Issuance of Debt			586,000,000	0
Payments of Debt Issuance Costs			(14,604,000)	2,260,000
Payment, Tax Withholding, Share-based Payment Arrangement			73,000	21,000
Borrowings under revolving credit facility			266,912,000	(85,560,000)
Proceeds from Issuance of Common Stock			92,082,000	0
Repayments under revolving credit facility			(234,000)	131,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect			65,424,000	(1,005,000)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	110,570,000	2,976,000	110,570,000	2,976,000	$ 45,146,000	$ 3,981,000
Issuance of debt	$ 105,473,000	$ 39,581,000	105,473,000	39,581,000
Supplemental disclosures of cash flow information:
Cash paid for interest, net of capitalized interest of $4 and $3, respectively			493,000	70,000
Cash paid for taxes, net of refunds			$ 26,857,000	$ 993,000

Organization and Significant Ac

Organization and Significant Accounting Policies	6 Months Ended
	Jun. 27, 2020
Accounting Policies [Abstract]
Organization and Significant Accounting Policies	Organization and Significant Accounting Policies Description of Business Franchise Group, Inc. (the "Company"), a Delaware corporation, is a franchisor, operator and acquirer of franchised and franchisable businesses that it believes it can scale using its operating expertise. On July 10, 2019, the Company formed Franchise Group New Holdco, LLC (“New Holdco”), which completed the acquisition of Buddy's Newco, LLC ("Buddy's"). On October 23, 2019, the Company completed the acquisition of the Sears Outlet ("Sears Outlet") business from Sears Hometown and Outlet Stores, Inc. (subsequently rebranded as American Freight Outlet). On December 16, 2019, the Company completed its acquisition of The Vitamin Shoppe, Inc. ("Vitamin Shoppe"). On February 14, 2020, the Company completed its acquisition of the American Freight Group, Inc. ("American Freight") as described in “Note 2. Acquisitions”. New Holdco holds all of the Company’s operating subsidiaries. Segment Information The Company currently operates in four reportable segments: Liberty Tax, Buddy’s, Vitamin Shoppe and American Freight. Sears Outlet, which was rebranded as American Freight Outlet following the acquisition of American Freight, is included in the American Freight segment. The Liberty Tax segment provides income tax services in the United States of America (the "U.S.") and Canada. The Buddy's segment is a specialty retailer engaged in the business of leasing and selling consumer electronics, residential furniture, appliances and household accessories. The Vitamin Shoppe segment is an omni-channel specialty retailer and wellness lifestyle company with the mission of providing customers with the most trusted products, guidance and services to help them become their best selves. The Vitamin Shoppe segment offers a comprehensive assortment of nutritional solutions, including vitamins, minerals, specialty supplements, herbs, sports nutrition, homeopathic remedies, green living products, and natural beauty aids through proprietary brands. The American Freight segment operates under the American Freight and American Freight Outlet banners. American Freight is a retail chain offering brand-name furniture, mattresses, appliances and home accessories at discount prices. American Freight Outlet provides in-store and online access to purchase new, one-of-a-kind, out-of-box, discontinued, obsolete, used, reconditioned, overstocked and scratched and dented products, collectively "outlet-value products" across a broad assortment of merchandise categories, including home appliances, mattresses and furniture at value-oriented prices. Principles of Consolidation The Company consolidates any entities in which it has a controlling interest, the usual condition of which is ownership of a majority voting interest. Prior to April 1, 2020, the Company was the sole managing member of New Holdco and possessed ownership of more than 50 percent of the outstanding voting units. As a result, the Company consolidated the financial results of New Holdco and reported a non-controlling interest that represented the interests of the New Holdco units not held by the Company. As of April 1, 2020, the Company redeemed all outstanding New Holdco units for shares of common stock of the Company and now has an 100% interest in New Holdco. The Company does not possess any ownership interests in franchisee entities; however, the Company may provide financial support to franchisee entities. Because the Company's franchise arrangements provide franchisee entities the power to direct the activities that most significantly impact their economic performance, the Company does not consider itself the primary beneficiary of any such entity that meets the definition of a variable interest entity ("VIE"). Based on the results of management's analysis of potential VIEs, the Company has not consolidated any franchisee entities. The Company's maximum exposure to loss resulting from involvement with potential VIEs is attributable to accounts and notes receivables and future lease payments due from franchisees. When the Company does not have a controlling interest in an entity but has the ability to exert significant influence over the entity, the Company applies the equity method of accounting. All intercompany balances and transactions have been eliminated in consolidation. Basis of Presentation Revenues have been classified into product, service and other and rental revenues as further discussed in "Note 5. Revenue." Costs of sales for product includes the cost of merchandise, transportation and warehousing costs. Service and other costs of sales include the direct costs of warranties. Rental cost of sales represents the amortization of inventory costs over the leased term. Other operating expenses, including employee costs, depreciation and amortization, and advertising expenses have been classified in selling, general and administrative expenses. The Company also includes occupancy costs in selling, general and administrative expenses. Assets and liabilities of the Company's Canadian operations have been translated into U.S. dollars using the exchange rate in effect at the end of the period. Revenues and expenses have been translated using the average exchange rates in effect each month of the period. Foreign exchange transaction gains and losses are recognized when incurred. The Company reclassifies to accounts payable checks issued in excess of funds available and reports them as cash flow from operating activities. The unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information. The condensed consolidated financial statements, including these notes, are unaudited and exclude some of the disclosures required only in annual financial statements. The Company changed its fiscal year end from April 30 to the Saturday closest to December 31st of each year, resulting in an 8-month transition period from May 1, 2019 to December 28, 2019. The consolidated balance sheet data as of December 28, 2019 was derived from the Company’s Transition Report on Form 10-K/T, filed with the U.S. Securities and Exchange Commission (the "SEC") on April 24, 2020 (the "2019 Transition Report"). The Company has provided unaudited historical financial information that was not previously presented for the three and six months ended June 30, 2019 for comparison purposes. In the opinion of management, all adjustments necessary for a fair presentation of such condensed consolidated financial statements in accordance with GAAP have been recorded. These adjustments consisted only of normal recurring items. The accompanying condensed consolidated financial statements should be read in conjunction with the Company’s consolidated financial statements and notes thereto included in its 2019 Transition Report. Use of Estimates 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 disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Merchandise Inventories Inventory for the Buddy's segment is recorded at cost, including shipping and handling fees. Upon purchase, merchandise is not initially depreciated until it is leased or three months after the purchase date. Non-leased merchandise is depreciated on a straight-line basis over a period of 24 months. Leased merchandise is depreciated over the lease term of the rental agreement and recorded in rental cost of revenue. On a weekly basis, all damaged, lost, stolen, or unsalable merchandise identified is written off. Maintenance and repairs of lease merchandise are charged to operations as incurred. Inventory for the American Freight segment is accounted for by banner. Inventory for the American Freight banner is comprised of finished goods and is valued at the lower of cost or market, with cost determined by the first-in, first out method. The Company writes down inventory, the impact of which is reflected in cost of sales in the Consolidated Statements of Operations, if the cost of specific inventory items on hand exceeds the amount the Company expects to be realized from the ultimate sale or disposal of the inventory. These estimates are based on management’s judgment regarding future demand and market conditions and analysis of historical experience. Inventory under the American Freight Outlet banner, previously the Sears Outlet segment, is recorded at the lower of cost or market using the weighted-average cost method. Inventory includes the purchase price of the inventory plus costs of freight for moving merchandise from vendors to distribution centers as well as from distribution centers to stores. A provision for estimated shrinkage is maintained based on the actual historical results of physical inventories. Estimates are compared to the actual results of the physical inventory counts as they are taken and adjust the shrink estimates accordingly. Inventory values are adjusted to the difference between the carrying value and the estimated market value, based on assumptions about future demand or when a permanent markdown indicates that the net realizable value of the inventory is less than cost. Inventory for the Vitamin Shoppe segment is recorded at the lower of cost or market value using the weighted-average cost method. Inventory includes costs directly incurred in bringing the product to its existing condition and location. In addition, the cost of inventory is reduced by purchase discounts and other allowances received from vendors. A markdown reserve is estimated based on a variety of factors, including, but not limited to, the amount of inventory on hand and its remaining shelf life, current and expected market conditions and product expiration dates. In addition, the Company has established a reserve for estimated inventory shrinkage based on the actual, historical shrinkage of its most recent physical inventories adjusted, if necessary, for current economic conditions and business trends. Physical inventories and cycle counts are taken on a regular basis. These adjustments are estimates, which could vary significantly from actual results if future economic conditions, customer demand or competition differ from management expectations. Goodwill and Non-amortizing Intangible Assets Goodwill and non-amortizing intangible assets, including the Buddy's, Vitamin Shoppe and American Freight tradenames, are not amortized, but rather tested for impairment at least annually. In addition, goodwill and non-amortizing intangible assets will be tested on an interim basis if an event or circumstance indicates that it is more likely than not that an impairment loss has been incurred. The Company performs a qualitative and/or quantitative assessment to determine whether it is more likely than not that each reporting unit's fair value is less than its carrying value, including goodwill. If the Company determines that it is more likely than not that the fair value of the reporting unit is less than its carrying value, the Company then estimates the fair value. The Company uses a combination of a market multiple method and a discounted cash flow method to estimate the fair value of its reporting units and recognizes goodwill impairment for any excess of the carrying amount of a reporting unit’s goodwill over its estimated fair value. The Company evaluates the Buddy's, Vitamin Shoppe and American Freight tradenames for impairment by comparing its fair value, based on an income approach using the relief-from-royalty method, to its carrying value. If the carrying value of the asset exceeds its estimated fair value, an impairment loss is recognized in an amount equal to that excess. The Company's reporting units are determined in accordance with the provisions of Accounting Standards Codification (“ASC”) 350, “Intangibles - Goodwill and Other (Topic 350).” The Company performs its annual impairment testing of goodwill and non-amortizing intangible assets on the last day of the first month of the Company's third quarter. Refer to “Note 4. Goodwill and Intangible Assets” for additional information on these balances. Intangible and Long-Lived Assets Impairment Amortization of intangible assets is calculated using the straight-line method over the estimated useful lives of the assets, generally from two to ten years. Long-lived assets, such as property, equipment, and software, and other purchased intangible assets subject to amortization are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. Recognition and measurement of a potential impairment is performed for these assets at the lowest level where cash flows are individually identifiable. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized in the amount by which the carrying amount of the asset exceeds the fair value of the asset. Fair value is determined through various valuation techniques, including discounted cash flow models, quoted market values, and third-party independent appraisals, as considered necessary. Revenue Recognition The following is a description of the principal activities from which the Company generates its revenues. For more detailed information regarding reportable segments, see "Note 13. Segments." • Product revenues: These include sales of merchandise at the stores and online. Revenue is measured based on the amount of fixed consideration that the Company expects to receive, reduced by estimates for variable consideration such as returns. Revenue also excludes any amounts collected from customers and remitted or payable to governmental authorities. In arrangements where the Company has multiple performance obligations, the transaction price is allocated to each performance obligation using the relative stand-alone selling price. The Company recognizes revenues from retail operations upon the transfer of control of goods to the customer. The Company satisfies its performance obligations at the point of sale for retail store transactions and upon delivery for online transactions. The Company recognizes revenue for retail store and online transactions when it transfers control of the goods to the customer. The performance obligation is generally satisfied in the following reporting period. Merchandise sales also include payments received for the exercise of the early purchase option offered through rental-purchase agreements or merchandise sold through point of sale transactions. Revenue for merchandise sales associated with rental purchase agreements is recognized when payment is received, and ownership of the merchandise passes to the customer. The remaining net value of merchandise sold is recorded to cost of sales at the time of the transaction. • Service and other revenues: These include royalties and advertising fees from franchisees, fees from the sales of franchises and area developer territories, financial products, interest income from loans to franchisees and ADs, tax preparation services in the Company-owned stores, electronic filing fees, services and extended-service plans and financing programs. Commissions earned on services are presented net of related costs because the Company is acting as an agent in arranging the services for the customer and does not control the services being rendered. The Company recognizes revenue on the commissions on extended-service plans when it transfers control of the related goods to the customer. The Company recognizes franchise fee and AD fee revenue for the sales of individual territories on a straight-line basis over the initial contract term when the obligations of the Company to prepare the franchisee and AD for operation are substantially complete, not to exceed the estimated amount of cash to be received. Royalties and advertising fees are recognized as franchise territories generate sales. Tax return preparation fees and financial products revenue are recognized as revenue in the period in which related tax return is filed for the customer. Discounts for promotional programs are recorded at the time the return is filed and are recorded as reductions to revenues. Interest income on notes receivable is recognized based on the outstanding principal note balance less unrecognized revenue unless it is put on non-accrual status. Interest income on the unrecognized revenue portion of notes receivable is recognized when received. For accounts receivable, interest income is recognized based on the outstanding receivable balance over 30 days old, net of an allowance. • Rental revenues: The Company provides merchandise, consisting of consumer electronics, computers, residential furniture, appliances, and household accessories to its customers pursuant to rental-purchase agreements which provide for weekly, semi-monthly or monthly non-refundable rental payments. The average rental term is twelve to eighteen months and the Company maintains ownership of the lease merchandise until all payment obligations are satisfied under sales and lease ownership agreements. Customers have the option to purchase the leased goods at any point in the lease term. Customers can terminate the agreement at the end of any rental term without penalty. Therefore, rental transactions are accounted for as operating leases and rental revenue is recognized over the rental term. Cash received prior to the beginning of the lease term is recorded as deferred revenue. Revenue related to various payment, reinstatement or late fees are recognized when paid by the customer. The Company offers additional product plans along with rental agreements that provide customers with liability protection against significant damage or loss of a product, and club membership benefits, including various discount programs, product services and replacement benefits in the event merchandise is damaged or lost. Customers renew product plans in conjunction with their rental term renewals and can cancel the plans at any time. Revenue for product plans is recognized over the term of the plan. Leases The Company's lease portfolio primarily consists of leases for its retail store locations and office space. The Company also leases certain office equipment under finance leases. The finance lease right of use assets are included in Property, equipment and software and the finance lease liabilities are included in current installments of long-term obligations, and long-term obligations. The finance leases are immaterial to the financial statements. The Company subleases some of its real estate and equipment leases. The Company determines if an arrangement is a lease at inception by evaluating whether the arrangement conveys the right to use an identified asset and whether the Company obtains substantially all of the economic benefits from and has the ability to direct the use of the asset. Leases with an initial term of 12 months or less are not recorded on the condensed consolidated balance sheets; the Company recognizes expense for these leases on a straight-line basis over the lease term. For leases with an initial term in excess of 12 months, lease right-of-use assets and lease liabilities are recognized based on the present value of the future lease payments over the committed lease term at the lease commencement date. The Company’s leases do not provide an implicit rate; therefore, the Company uses its incremental borrowing rate and the information available at the lease commencement date in determining the present value of future lease payments. Most leases include one or more options to renew and the exercise of renewal options is at the Company’s sole discretion. The Company does not include renewal options in its determination of the lease term unless the renewals are deemed to be reasonably certain at lease commencement. Operating lease expense for lease payments is recognized on a straight-line basis over the lease term. The Company uses the long-lived assets impairment guidance in ASC Subtopic 360-10, “Property, Plant, and Equipment - Overall,” to determine whether a right-of-use asset is impaired, and if so, the amount of the impairment loss to recognize. The Company has lease agreements with lease and non-lease components, which the Company elects to combine as one lease component for all classes of underlying assets. Non-lease components include variable costs based on actual costs incurred by the lessor related to the payment of real estate taxes, common area maintenance, and insurance. These variable payments are expensed as incurred as variable lease costs. Due to the COVID-19 pandemic, the Company has been negotiating lease concessions with landlords. The lease concessions have been in the form of lease forgiveness, lease deferrals and lease deferrals with term extensions. If the total payments in the modified lease are substantially the same as or less than total payments in the original lease, the Company has elected to not evaluate whether the concession is a lease modification as defined in ASC 842 - "Leases". Deferred Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities, which are shown on the condensed consolidated balance sheets, are recognized for the future tax consequences attributable to the differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company has elected to classify interest charged on a tax settlement in interest expense, and accrued penalties, if any, in selling, general, and administrative expenses. The determination of the Company's provision for income taxes requires significant judgment, the use of estimates, and the interpretation and application of complex tax laws. Significant judgment is required in assessing the timing and amounts of deductible and taxable items. The Company records unrecognized tax benefit liabilities for known or anticipated tax issues based on an analysis of whether, and the extent to which, additional taxes will be due. Accounting Pronouncements In June 2016, the Financial Accounting Standards Board ("FASB") issued ASU No. 2016-13, " Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments ", which changes how companies will measure credit losses for most financial assets and certain other instruments that aren't measured at fair value through net income. The standard replaces the "incurred loss" approach with an "expected loss" model for instruments measured at amortized cost (which generally will result in the earlier recognition of allowances for losses) and requires companies to record allowances for available-for-sale debt securities, rather than reduce the carrying amount. In addition, companies will have to disclose significantly more information, including information used to track credit quality by year of origination, for most financing receivables. The ASU should be applied as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the standard is effective. The ASU is effective for SEC filers that are smaller reporting companies for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022. The ASU is effective for the Company for the fiscal year beginning January 1, 2023. The Company is currently evaluating the impact of the adoption of this standard on its consolidated financial statements. In January 2017, the FASB issued ASU 2017-04, “ Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. ” This standard eliminates Step 2 from the goodwill impairment test. Instead, an entity should compare the fair value of a reporting unit with its carrying amount and recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit's fair value, not to exceed the total amount of goodwill allocated to the reporting unit. The ASU is effective for SEC filers that are not smaller reporting companies for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019 and for smaller reporting companies for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022. The ASU is effective for the Company for the fiscal year beginning January 1, 2023. The Company is currently evaluating the impact of the adoption of this standard to its consolidated financial statements.

Acquisition (Notes)

Acquisition (Notes)	6 Months Ended
	Jun. 27, 2020
Acquisition [Abstract]
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	(2) Acquisitions American Freight Acquisition On February 14, 2020, the Company completed its acquisition of American Freight (the "American Freight Acquisition"). The Company accounted for the transaction as a business combination using the acquisition method of accounting in accordance with ASC 805 - "Business Combinations." The preliminary fair value of the consideration transferred at the acquisition date was $357.3 million. As of June 27, 2020, $9.9 million of acquisition fees had been incurred that are recorded in selling, general and administrative expenses. The table below summarizes the unaudited preliminary estimates of the fair values of the identifiable assets acquired and liabilities assumed in the American Freight Acquisition as of February 14, 2020. The preliminary estimates of the fair value of identifiable assets acquired and liabilities assumed are subject to revisions, which may result in an adjustment to the preliminary values presented below. The Company expects to complete the purchase price allocation as soon as reasonably possible but not to exceed one year from the American Freight Acquisition date. (In thousands) Preliminary 2/14/2020 Cash and cash equivalents $ 3,840 Prepaid expenses and other current assets 3,284 Inventories, net 99,200 Property, equipment and software, net 11,032 Goodwill 335,474 Operating lease right-of-use assets 91,101 Other intangible assets, net 70,200 Other non-current assets 1,607 Total assets 615,738 Current operating lease liabilities 17,242 Accounts payable 44,696 Accrued expenses and other current liabilities 26,451 Current installments of long-term obligations 3,210 Long-term obligations, excluding current installments 93,975 Deferred tax liabilities 11,451 Non-current operating lease liabilities 61,450 Total liabilities 258,475 Consideration transferred $ 357,263 Goodwill is calculated as the excess of the purchase price over the fair value of the net assets acquired. The goodwill recognized is attributable to operational synergies in the expected franchise models and growth opportunities. The Company identified the American Freight trade name as an indefinite-lived intangible asset with a fair value of $70.2 million. The trade name is not subject to amortization but will be evaluated annually for impairment. Lease right-of-use assets and lease liabilities consists of leases for retail store locations, vehicles and office equipment. The lease right of use assets incorporates a favorable adjustment of $11.5 million, net for favorable and unfavorable American Freight leases (as compared to prevailing market rates) which will be amortized over the remaining lease terms. The property and equipment consists of leasehold improvements of $7.6 million, office furniture, fixtures and equipment of $2.2 million, computer hardware and software of $1.1 million and construction in progress of $0.2 million. The Vitamin Shoppe On December 16, 2019, the Company completed the acquisition of Vitamin Shoppe (the "Vitamin Shoppe Acquisition") for an aggregate purchase price of $161.8 million. The Company accounted for the transaction as a business combination using the acquisition method of accounting. In the six months ended June 27, 2020, the preliminary estimates of the fair value of identifiable assets acquired and liabilities assumed were adjusted which resulted in a decrease in goodwill of $5.0 million. Sears Outlet Acquisition On October 23, 2019, the Company completed the acquisition of the Sears Outlet business from Sears Hometown and Outlet Stores, Inc. (the "Sears Outlet Acquisition") for an aggregate purchase price of $128.8 million. The Company accounted for the transaction as a business combination using the acquisition method of accounting. In the six months ended June 27, 2020, the preliminary estimates of the fair value of identifiable assets acquired and liabilities assumed were adjusted which resulted in an increase in goodwill of $2.5 million. Buddy's Acquisition On July 10, 2019, the Company completed the acquisition of Buddy's for an enterprise value of approximately $122.0 million (the "Buddy's Acquisition"). The Company accounted for the transaction as a business combination using the acquisition method of accounting. In the six months ended June 27, 2020, the preliminary estimates of the fair value of identifiable assets acquired and liabilities assumed were adjusted which resulted in an increase in goodwill of $1.5 million. Pro forma financial information The following unaudited consolidated pro forma summary has been prepared by adjusting the Company's historical data to give effect to the American Freight Acquisition, Vitamin Shoppe Acquisition, Sears Outlet Acquisition and Buddy's Acquisition as if they had occurred on May 1, 2018. Pro forma (Unaudited) Three Months Ended Six Months Ended (In thousands) June 27, 2020 June 30, 2019 June 27, 2020 June 30, 2019 Revenue $ 512,627 $ 539,814 $ 1,153,824 $ 1,218,208 Net income (14,226 ) (9,715 ) 56,921 38,395 The unaudited consolidated pro forma financial information was prepared in accordance with accounting standards and is not necessarily indicative of the results of operations that would have occurred if the American Freight Acquisition, Vitamin Shoppe Acquisition, Sears Outlet Acquisition or Buddy's Acquisition had been completed on the date indicated, nor is it indicative of the future operating results of the Company. The unaudited pro forma results do not reflect events that either have occurred or may occur after the acquisition, including, but not limited to, the anticipated realization of operating synergies in subsequent periods. They also do not give effect to certain charges that the Company expects to incur in connection with the acquisition, including, but not limited to, additional professional fees and employee integration.

Notes and Accounts Receivable

Notes and Accounts Receivable	6 Months Ended
	Jun. 27, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	(3) Accounts and Notes Receivable Current and non-current receivables, as of June 27, 2020 and December 28, 2019 are presented in the condensed consolidated balance sheets as follows: (In thousands) June 27, 2020 December 28, 2019 Accounts receivable, net $ 46,323 $ 44,333 Notes receivable 16,646 37,994 Interest receivable, net 2,477 3,132 Income tax receivable 56,383 3,356 Allowance for doubtful accounts (9,972 ) (9,122 ) Current receivables, net 111,857 79,693 Notes receivable - non-current 15,811 19,501 Allowance for doubtful accounts - non-current (706 ) (863 ) Non-current receivables, net 15,105 18,638 Total receivables $ 126,962 $ 98,331 The Company provides select financing to area developers ("ADs") and franchisees for the purchase of franchises, areas and operating loans for working capital and equipment needs. The franchise-related notes generally are payable over five years and the operating loans generally are due within one year . Most notes bear interest at 12% . Most of the notes receivable are due from the Company's ADs and franchisees and are collateralized by the underlying franchise and when the AD or franchise is an entity, are guaranteed by the owners of the respective entity. The debtors' ability to repay the notes is dependent upon both the performance of the franchisee's industry as a whole and the individual franchise or AD areas. Analysis of Past Due Receivables The breakdown of accounts and notes receivable past due at June 27, 2020 was as follows: (In thousands) Past due Current Interest receivable, net Total receivables Accounts receivable $ 28,494 $ 17,829 $ — $ 46,323 Notes and interest receivable, net (1) 11,133 21,324 2,477 34,934 Total accounts, notes and interest receivable $ 39,627 $ 39,153 $ 2,477 $ 81,257 (1) Interest receivable is shown net of an allowance for uncollectible interest of $2.5 million . Accounts receivable are considered to be past due if unpaid 30 days after billing, and notes receivable are considered past due if unpaid 90 days after the due date. If it is determined the likelihood of collecting substantially all of the notes and accrued interest is not probable, the notes are put on non-accrual status. The Company’s investment in notes receivable on non-accrual status was $11.1 million and $8.5 million at June 27, 2020 and December 28, 2019 , respectively. Payments received on notes in non-accrual status are applied to the principal until the note is current and then to interest income. Non-accrual notes that are paid current and expected to remain current are moved back into accrual status during the next annual review. Allowance for Doubtful Accounts
Notes and Accounts Receivable	Accounts and Notes Receivable Current and non-current receivables, as of June 27, 2020 and December 28, 2019 are presented in the condensed consolidated balance sheets as follows: (In thousands) June 27, 2020 December 28, 2019 Accounts receivable, net $ 46,323 $ 44,333 Notes receivable 16,646 37,994 Interest receivable, net 2,477 3,132 Income tax receivable 56,383 3,356 Allowance for doubtful accounts (9,972 ) (9,122 ) Current receivables, net 111,857 79,693 Notes receivable - non-current 15,811 19,501 Allowance for doubtful accounts - non-current (706 ) (863 ) Non-current receivables, net 15,105 18,638 Total receivables $ 126,962 $ 98,331 The Company provides select financing to area developers ("ADs") and franchisees for the purchase of franchises, areas and operating loans for working capital and equipment needs. The franchise-related notes generally are payable over five years and the operating loans generally are due within one year . Most notes bear interest at 12% . Most of the notes receivable are due from the Company's ADs and franchisees and are collateralized by the underlying franchise and when the AD or franchise is an entity, are guaranteed by the owners of the respective entity. The debtors' ability to repay the notes is dependent upon both the performance of the franchisee's industry as a whole and the individual franchise or AD areas. Analysis of Past Due Receivables The breakdown of accounts and notes receivable past due at June 27, 2020 was as follows: (In thousands) Past due Current Interest receivable, net Total receivables Accounts receivable $ 28,494 $ 17,829 $ — $ 46,323 Notes and interest receivable, net (1) 11,133 21,324 2,477 34,934 Total accounts, notes and interest receivable $ 39,627 $ 39,153 $ 2,477 $ 81,257 (1) Interest receivable is shown net of an allowance for uncollectible interest of $2.5 million . Accounts receivable are considered to be past due if unpaid 30 days after billing, and notes receivable are considered past due if unpaid 90 days after the due date. If it is determined the likelihood of collecting substantially all of the notes and accrued interest is not probable, the notes are put on non-accrual status. The Company’s investment in notes receivable on non-accrual status was $11.1 million and $8.5 million at June 27, 2020 and December 28, 2019 , respectively. Payments received on notes in non-accrual status are applied to the principal until the note is current and then to interest income. Non-accrual notes that are paid current and expected to remain current are moved back into accrual status during the next annual review. Allowance for Doubtful Accounts The adequacy of the allowance for doubtful accounts is assessed on a quarterly basis and adjusted as deemed necessary. Management believes the recorded allowance is adequate based upon its consideration of the estimated fair value of the franchises and AD areas collateralizing the receivables. Any adverse change in the individual franchise or AD areas could affect the Company's estimate of the allowance. Activity in the allowance for doubtful accounts for the three and six months ended June 27, 2020 and June 30, 2019 was as follows: Three Months Ended Six Months Ended (In thousands) June 27, 2020 June 30, 2019 June 27, 2020 June 30, 2019 Balance at beginning of period $ 9,170 $ 10,581 $ 9,985 $ 12,353 Provision for doubtful accounts 1,901 2,715 3,524 4,770 Write-offs and reduction from repurchases of franchises (449 ) (1,480 ) (2,750 ) (5,335 ) Foreign currency adjustment 56 44 (81 ) 72 Balance at end of period $ 10,678 $ 11,860 $ 10,678 $ 11,860 Management considers specific accounts and notes receivable to be impaired if the net amounts due exceed the fair value of the underlying franchise at the time of the annual valuation and estimates an allowance for doubtful accounts based on that excess. At the end of each fiscal quarter, the Company considers the activity during the period for accounts and notes receivable impaired from the prior annual valuation and adjusts the allowance for doubtful accounts accordingly. While not specifically identifiable as of the balance sheet date, the Company's analysis of its experience also indicates that a portion of other accounts and notes receivable may not be collectible. Net amounts due include contractually obligated accounts and notes receivable plus accrued interest, reduced by unrecognized revenue, the allowance for uncollected interest, amounts due ADs, and amounts owed to the franchisee by the Company. When a franchise is repurchased, intangible assets are recorded if the franchise will be run as a Company-owned store.

Revenue Revenue (Notes)

Revenue Revenue (Notes)	6 Months Ended
	Jun. 27, 2020
Revenue [Abstract]
Revenue Recognition, Deferred Revenue [Policy Text Block]	(5) Revenue For details regarding the principal activities from which the Company generates its revenue, see "Note 1. Organization and Significant Accounting Policies" in this quarterly report. For more detailed information regarding reportable segments, see "Note 13. Segments" in this quarterly report. The following represents the disaggregated revenue by reportable segments for the three and six months ended June 27, 2020: June 27, 2020 Vitamin Shoppe American Freight Liberty Tax Buddy's (In thousands) Three Months Ended Six Months Ended Three Months Ended Six Months Ended Three Months Ended Six Months Ended Three Months Ended Six Months Ended Retail sales $ 237,735 $ 513,622 $ 227,253 $ 423,353 $ — $ — $ 1,721 $ 3,239 Total product revenue 237,735 513,622 227,253 423,353 — — 1,721 3,239 Franchise fees — — — — 221 727 13 13 Area developer fees — — — — 448 1,469 — — Royalties and advertising fees — — — — 6,616 48,065 2,406 4,829 Financial products — — — — 2,433 29,872 — — Interest income — — 333 672 943 2,898 — — Assisted tax preparation fees, net of discounts — — — — 2,667 14,917 — — Electronic filing fees — — — — 371 2,400 — — Agreement, club and damage waiver fees — — — — — — 3,369 6,689 Warranty revenue — — 4,727 8,979 — — — — Other revenues — — 2,114 4,170 1,374 4,344 707 1,339 Total service revenue — — 7,174 13,821 15,073 104,692 6,495 12,870 Rental revenue, net — — — — — — 17,176 33,596 Total rental revenue — — — — — — 17,176 33,596 Total revenue $ 237,735 $ 513,622 $ 234,427 $ 437,174 $ 15,073 $ 104,692 $ 25,392 $ 49,705 The following represents the disaggregated revenue by reportable segments for the three and six months ended June 30, 2019: June 30, 2019 Vitamin Shoppe American Freight Liberty Tax Buddy's (In thousands) Three Months Ended Six Months Ended Three Months Ended Six Months Ended Three Months Ended Six Months Ended Three Months Ended Six Months Ended Retail sales $ — $ — $ — $ — $ — $ — $ — $ — Total product revenue — — — — — — — — Franchise fees — — — — 1,151 1,493 — — Area developer fees — — — — 786 1,698 — — Royalties and advertising fees — — — — 11,676 60,897 — — Financial products — — — — 4,025 32,875 — — Interest income — — — — 1,594 4,829 — — Assisted tax preparation fees, net of discounts — — — — 2,814 11,990 — — Electronic filing fees — — — — 567 2,945 — — Agreement, club and damage waiver fees — — — — — — — — Other revenues — — — — 1,207 2,931 — — Total service revenue — — — — 23,820 119,658 — — Rental revenue, net — — — — — — — — Total rental revenue — — — — — — — — Total revenue $ — $ — $ — $ — $ 23,820 $ 119,658 $ — $ — Contract Balances The following table provides information about receivables and contract liabilities (deferred revenue) from contracts with customers. Notes receivable are in the current receivables, net and non-current receivables, net lines of the consolidated balance sheets and deferred revenue is in the other current liabilities and other non-current liabilities lines of the consolidated balance sheets. (In thousands) June 27, 2020 December 28, 2019 Notes receivable $ 32,457 $ 57,495 Deferred revenue 35,982 10,519 Significant changes in deferred revenue were as follows: Three Months Ended Six Months Ended (In thousands) June 27, 2020 June 27, 2020 Deferred revenue at beginning of period $ 23,838 $ 10,519 Revenue recognized during the period (16,809 ) (24,996 ) Deferred revenue from acquisitions and purchase price adjustments 1,540 14,159 New deferred revenue during the period 27,413 36,300 Deferred revenue at end of period $ 35,982 $ 35,982 Anticipated Future Recognition of Deferred Revenue The following table reflects when deferred revenue is expected to be recognized in the future related to performance obligations that are unsatisfied at the end of the period: (In thousands) Estimate for Fiscal Year 2020 (1) $ 32,511 2021 1,463 2022 913 2023 430 2024 169 Thereafter 496 Total $ 35,982 (1) Represents deferred revenue expected to be recognized for the remainder of fiscal 2020. The amount does not include deferred revenues recognized for the six months ended June 27, 2020 .

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jun. 27, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Changes in the carrying amount of goodwill for the six months ended June 27, 2020 and the transition period ended December 28, 2019 were as follows: (In thousands) June 27, 2020 December 28, 2019 Balance at beginning of period $ 134,301 $ 6,566 Acquisitions of assets from franchisees and third parties 326 3,658 Buddy's Acquisition — 75,038 Buddy's Partners Asset Acquisition — 7,217 A-Team Leasing Acquisition — 6,287 Sears Outlet Acquisition — 31,028 American Freight Acquisition 335,472 — Vitamin Shoppe Acquisition — 4,951 Disposals and foreign currency changes, net (1,108 ) (444 ) Purchase price reallocation (877 ) — Impairments (26 ) — Balance at end of period $ 468,088 $ 134,301 Components of intangible assets as of June 27, 2020 and December 28, 2019 were as follows: June 27, 2020 (In thousands) Gross carrying amount Accumulated amortization Net carrying amount Tradenames (1) $ 94,149 $ (97 ) $ 94,052 Customer contracts 12,736 (2,011 ) 10,725 Franchise agreements [and non-compete agreements] 10,609 (1,045 ) 9,564 Customer lists 4,090 (2,618 ) 1,472 Reacquired rights 11,377 (2,963 ) 8,414 AD rights 40,948 (19,288 ) 21,660 Total intangible assets $ 173,909 $ (28,022 ) $ 145,887 (1) $70.2 million, $11.1 million and $12.0 million of tradenames were acquired in the American Freight Acquisition, Buddy's Acquisition and Vitamin Shoppe Acquisition, respectively. These tradenames have an indefinite life and they are tested for impairment on an annual basis. December 28, 2019 (In thousands) Gross carrying amount Accumulated amortization Net carrying amount Tradenames (1) $ 23,534 $ (72 ) $ 23,462 Customer contracts 12,736 (886 ) 11,850 Franchise agreements 10,609 (486 ) 10,123 Customer lists 4,338 (2,559 ) 1,779 Reacquired rights 11,577 (2,053 ) 9,524 AD rights 37,263 (16,411 ) 20,852 Total intangible assets $ 100,057 $ (22,467 ) $ 77,590 (1) $11.1 million and $12.0 million of tradenames were acquired in the Buddy's Acquisition and Vitamin Shoppe Acquisition, respectively. These tradenames have an indefinite life and they are tested for impairment on an annual basis.

Debt

Debt	6 Months Ended
	Jun. 27, 2020
Debt Instrument [Line Items]
Debt	Long-Term Obligations Long-term obligations at June 27, 2020 and December 28, 2019 , were as follows: (In thousands) June 27, 2020 December 28, 2019 Revolving credit facilities $ 158,500 $ 129,260 Term loan, net of debt issuance costs 577,126 268,660 Convertible senior notes — 60,439 Amounts due to former ADs, franchisees and third parties 1,882 1,661 Mortgages 1,758 1,825 Finance lease liabilities 1,372 1,775 Total long-term obligations 740,638 463,620 Less current installments 203,490 218,384 Total long-term obligations, excluding current installments, net $ 537,148 $ 245,236 Franchise Group New Holdco Credit Agreement and Term Loan On February 14, 2020, the Company, through an indirect subsidiary, executed a term loan agreement with GACP Finance Co., LLC for an amount of $575.0 million (the “FGNH Credit Agreement”), which consists of a $375.0 million first out tranche (the “FGNH Tranche A-1 Term Loan”) and a $200.0 million last out tranche (the “FGNH Tranche A-2 Term Loan”). The term loan will mature on February 14, 2025, unless the maturity is accelerated subject to the terms set forth in the term loan agreement. The FGNH Credit Agreement will, at the option of the Company, bear interest at either (i) a rate per annum based on London Interbank Offered Rate ("LIBOR") for an interest period of one, two, three or six months, plus an interest rate margin of 8.0% for the FGNH Tranche A-1 Term Loan and 12.5% for the FGNH Tranche A-2 Term Loan with a 1.50% LIBOR floor, or (ii) an alternate base rate determined as provided in the FGNH Credit Agreement, plus an interest rate margin of 7.0% for the FGNH Tranche A-1 Term Loan and 11.5% for the FGNH Tranche A-2 Term Loan with a 2.50% alternate base rate floor. Interest is payable in arrears at the end of each fiscal quarter. The Company is required to repay the FGNH Credit Agreement in equal fiscal quarterly installments of $6.25 million on the last day of each fiscal quarter, commencing with the fiscal quarter ending June 27, 2020. Further, the Company is required to prepay the FGNH Credit Agreement with 50% of consolidated excess cash flow on a quarterly basis with the net cash proceeds of certain other customary events. All repayments or prepayments (whether voluntary or mandatory) of the FGNH Credit Agreement, other than the fixed quarterly installments and excess cash flow prepayments are subject to early repayment fees. The FGNH Credit Agreement includes customary affirmative, negative, and financial covenants binding on the Company and its subsidiaries, including delivery of financial statements and other reports. The negative covenants limit the ability of the Company and its subsidiaries, among other things, to incur debt, incur liens, make investments, sell assets, pay dividends on its capital stock and enter into transactions with affiliates. The financial covenants set forth in the FGNH Credit Agreement include a maximum total leverage ratio (net of certain cash) and a minimum fixed charge coverage ratio, to be tested at the end of each fiscal quarter, in each case with respect to certain subsidiaries of the Company. In addition, the FGNH Credit Agreement includes customary events of default, the occurrence of which may require that the Company pay an additional 2.0% interest. In addition to financing the American Freight acquisition and its related acquisition costs, a portion of the proceeds from the FGNH Credit Agreement and the FGNH ABL Term Loan (as defined below) were used to repay the Buddy’s and Sears Outlet’s term loan for an outstanding amount of $ 101.6 million and $106.7 million including accrued interest, respectively. The early repayment of the term loans resulted in additional interest expense of $4.6 million for the write-off of deferred financing costs and $4.0 million for a prepayment penalty. The prepayment penalty is recorded in the Other expense line of the consolidated statements of operations for the six months ended June 27, 2020. On May 1, 2020, the Company entered into an amendment to the FGNH Credit Agreement to provide for the joinder of Franchise Group Intermediate L 1, LLC, an indirect subsidiary of the Company, and each of its direct and indirect subsidiaries (collectively, the “Liberty Tax Entities”), to the FGNH Term Loan Credit Agreement and the FGNH ABL Credit Agreement, respectively, as borrowers thereunder, and in connection therewith, certain related security documents provided for the Liberty Tax Entities to grant or continue to grant liens on substantially all of their assets to secure the obligations under the FGNH Term Loan Credit Agreement and the FGNH ABL Credit Agreement. Further, the amendment modified the FGNH Term Loan Credit Agreement and the FGNH ABL Credit Agreement, respectively, to, among other things, (i) permit certain ordinary course and otherwise anticipated activities of the Liberty Tax Entities and (ii) make certain technical modifications related to the COVID-19 pandemic and other events. Franchise Group New Holdco ABL Credit Agreement and ABL Term Loan On February 14, 2020, the Company, through direct and indirect subsidiaries, entered into an ABL credit agreement (the "FGNH ABL Credit Agreement") with various lenders which provided the Company with a $100.0 million credit facility (the “FGNH ABL Term Loan”). On February 14, 2020, the Company borrowed $100.0 million on the FGNH ABL Term Loan to finance the acquisition of American Freight. The FGNH ABL Term Loan will mature on September 30, 2020. Borrowings under the FGNH ABL Term Loan will, at the Company's option, bear interest at either (i) a rate per annum based on LIBOR for an interest period of one, two, three or six months, plus an interest rate margin of 6.50% with a 1.50% LIBOR floor, or (ii) an alternate base rate plus an interest rate margin of 5.50% with a 2.50% alternate base rate floor. Interest is payable in arrears on the first day of each fiscal quarter. If the borrowing base exceeds the outstanding principal amount of the FGNH ABL Term Loan, the Company must prepay the FGNH ABL Term Loan in the amount of any such excess. The Company is also required to prepay the FGNH ABL Term Loan, with the net cash proceeds of certain other customary events. All repayments or prepayments (whether voluntary or mandatory) of the FGNH ABL Term Loan which are made on or after September 30, 2020 are subject to an exit fee of 2.0% . The FGNH ABL Credit Agreement includes customary affirmative, negative, and financial covenants binding on the Company and its subsidiaries, including delivery of financial statements and other reports. The negative covenants limit the ability of the Company and its subsidiaries, among other things, to incur debt, incur liens, make investments, sell assets, pay dividends on its capital stock and enter into transactions with affiliates. The financial covenants set forth in the FGNH ABL Credit Agreement include a minimum consolidated liquidity of the Loan Parties and their subsidiaries (other than certain excluded subsidiaries), to be tested at all times, and a minimum borrowing base ratio of the Loan Parties, to be tested at the end of each month. In addition, the FGNH ABL Credit Agreement includes customary events of default, the occurrence of which may require that the Company to pay an additional 2.0% interest on the borrowings under the FGNH ABL Term Loan. On April 3, 2020, the Company entered into a Limited Waiver and Amendment Number Two to ABL Credit Agreement (the “ABL Second Amendment”) which amends that certain FGNH ABL Credit Agreement dated as of February 14, 2020 by and among the Loan Parties, various lenders from time to time party thereto and the ABL Agent (as amended prior to the ABL Second Amendment, the “Existing ABL Credit Agreement”). The ABL Second Amendment amended the Existing ABL Credit Agreement to (i) extend the maturity date of the term loan provided pursuant to the Existing ABL Credit Agreement to September 30, 2020, (ii) increase the interest rate margin to 7.50% for loans bearing interest based on LIBOR and 6.50% for loans bearing interest based on an alternate base rate, and (iii) make certain other modifications and grant certain waivers with respect to the Existing ABL Credit Agreement. B. Riley ABL Commitment On May 1, 2020, in connection with the American Freight Acquisition and the ABL Credit Agreement, the Company entered into an Amended and Restated ABL Commitment Letter with B. Riley Financial, Inc. ("B. Riley") pursuant to which B. Riley agreed to provide, subject to the terms and conditions set forth therein, a backstop commitment for a $100 million asset-based lending facility. As of June 27, 2020, no amounts had been drawn on this facility. Vitamin Shoppe Term Loan On December 16, 2019 as part of the Vitamin Shoppe Acquisition, the Company, through direct and indirect subsidiaries, entered into a Loan and Security Agreement (the “Vitamin Shoppe Term Loan Agreement”) that provides for a $70.0 million senior secured term loan (the "Vitamin Shoppe Term Loan") which matures on December 16, 2022. The obligations under the Vitamin Shoppe Term Loan are secured by substantially all of the assets of the Company's Vitamin Shoppe segment. An Intercreditor Agreement (the “Intercreditor Agreement”) sets forth the relative priorities of the security interests granted with respect to the Vitamin Shoppe Term Loan and those granted with respect to the Vitamin Shoppe ABL Revolver (as defined below). The security interest granted to the Vitamin Shoppe Term Loan lenders is senior to that granted to the Vitamin Shoppe ABL Revolver lenders. The Vitamin Shoppe Term Loan bears interest at a rate per annum based on LIBOR for an interest period of one month (or, during the continuance of an event of default, an alternate base rate determined as provided in the Vitamin Shoppe Term Loan Agreement), plus an interest rate margin of 9.0% , with a 2.0% LIBOR (or alternate base rate) floor. Interest is payable in arrears on the first business day of each calendar month. The Company is required to repay the Vitamin Shoppe Term Loan in equal fiscal quarterly installments of $4.25 million on the last business day of each fiscal quarter, commencing with the fiscal quarter ending March 28, 2020. Further, the Company is required to prepay the Vitamin Shoppe Term Loan (i) with 60% of consolidated excess cash flow on a fiscal quarterly basis (less voluntary prepayments already made), up to a maximum of $12.5 million in any fiscal year, and (ii) subject to the Intercreditor Agreement, with the net cash proceeds of certain other customary prepayment events (subject to certain customary reinvestment rights). Such fixed quarterly installments and excess cash flow prepayments cease to be required (subject to certain exceptions) if the then outstanding aggregate principal amount of the Vitamin Shoppe Term Loan is less than or equal to the lesser of $25 million and a specified borrowing base based on the Company's eligible credit card receivables, accounts, inventory and equipment, less certain reserves. All repayments or prepayments (whether voluntary or mandatory) of the Vitamin Shoppe Term Loan, other than the fixed quarterly installments and excess cash flow prepayments, are subject to early repayment fees. If the outstanding aggregate principal amount of the Term Loan at any time exceeds a specified borrowing base, set at $70.0 million until January 10, 2020, and thereafter based on the eligible credit card receivables, accounts receivable, inventory, equipment and intellectual property, less certain reserves, the Agent must instruct the agent of the Vitamin Shoppe ABL Revolver to implement a reserve against the borrowing base under the Vitamin Shoppe ABL Agreement (as defined below) in the amount of such excess, and if such reserve is not implemented, the Company is required to repay the amount of such excess. The Vitamin Shoppe Term Loan Agreement includes customary affirmative, negative, and financial covenants binding on the Company and its subsidiaries, including the delivery of financial statements, borrowing base certificates and other reports. The negative covenants limit the ability of the Company and its subsidiaries, among other things, to incur debt, incur liens, make investments, sell assets, pay dividends on its capital stock and enter into transactions with affiliates. The financial covenants set forth in the Vitamin Shoppe Term Loan Agreement include a limit on capital expenditures in each fiscal year, a minimum consolidated liquidity requirement to be tested weekly and a minimum consolidated EBITDA requirement to be tested at the end of each fiscal quarter, in each case with respect to the Company and its subsidiaries. In addition, the Vitamin Shoppe Term Loan Agreement includes customary events of default, the occurrence of which may require that the Company pay an additional 3.0% interest on the Vitamin Shoppe Term Loan. On May 22, 2020, the Company amended the Vitamin Shoppe Term Loan and Vitamin Shoppe ABL Revolver. The Vitamin Shoppe Term Loan was amended to, among other things, (i) permit the assignment of $5.3 million of the outstanding term loan to Franchise Group, Inc. (the "Parent"), subject to certain conditions and certain limitations on Parent’s rights as a lender, (ii) modify the minimum consolidated EBITDA covenant, (iii) limit the quarterly dividend payment by Parent that would otherwise have been permitted in the second fiscal quarter of 2020 (by reference to certain financial calculations from the first fiscal quarter of 2020) (the "Dividend Waiver") and (iv) permit the Parent and the Borrowers to use an anticipated tax refund to prepay $12.5 million of the term loan upon receipt of such tax refund, along with a 2% prepayment fee, plus (x) if the tax refund prepayment is not made by July 31, 2020, the Borrowers will be required to pay a fee of 0.5% of the outstanding term loan (other than the portion of the term loan held by Parent) and (y) if the tax refund prepayment is not made by September 25, 2020, the Borrowers will be required to pay additional amortization of $3.1 million for each fiscal quarter (beginning with the fiscal quarter ending on September 26, 2020) until the tax refund prepayment is made (which additional quarterly amortization may be deducted from the required tax refund prepayment). On May 22, 2020, the Company purchased $5.3 million of the Vitamin Shoppe Term Loan from one of the participating lenders, which effectively retired that portion of the term loan. Vitamin Shoppe ABL Revolver On December 16, 2019, the Company, through direct and indirect subsidiaries, entered into a Second Amended and Restated Loan and Security Agreement (the “ Vitamin Shoppe ABL Agreement”) providing for a senior secured revolving loan facility (the “Vitamin Shoppe ABL Revolver”) with commitments available to the Company of the lesser of (i) $100.0 million and (ii) a specified borrowing base based on our eligible credit card receivables, accounts receivable and inventory, less certain reserves, and as to each of clauses (i) and (ii), less a $10.0 million availability block. The Vitamin Shoppe ABL Revolver will mature on December 16, 2022, unless the maturity is accelerated subject to the terms set forth in the Vitamin Shoppe ABL Agreement. The Company borrowed $70.0 million on December 16, 2019, the proceeds of which were used to consummate the Vitamin Shoppe Acquisition. The ABL Agreement amended and restated the existing Amended and Restated Loan and Security Agreement (the “Existing Vitamin Shoppe ABL Agreement”), dated as of January 20, 2011. The Company's obligations under the ABL Agreement are secured by substantially all of the assets of the Vitamin Shoppe segment. The Intercreditor Agreement sets forth the relative priorities of the security interests granted with respect to the Vitamin Shoppe ABL Revolver and those granted with respect to the Vitamin Shoppe Term Loan. The security interest granted to the Vitamin Shoppe ABL Revolver lenders is senior to that granted to the Vitamin Shoppe Term Loan lenders with respect to, among other assets, accounts receivable, inventory and deposit accounts. Borrowings under the Vitamin Shoppe ABL Revolver will, at the Company's option, bear interest at either (i) a rate per annum based on LIBOR for an interest period of one, two, three or six months, plus an interest rate margin that ranges from 1.25% to 1.75% , depending on excess availability (a “LIBOR Loan”), with a 0.0% LIBOR floor, or (ii) an alternate base rate determined as provided in the Vitamin Shoppe ABL Agreement, plus an interest rate margin that ranges from 0.25% to 0.75% , depending on excess availability (an “ABR Loan”), with a 1.0% alternate base rate floor. Interest on LIBOR Loans is payable in arrears at the end of each applicable interest period (and, with respect to a six-month interest period, three months after commencement of the interest period), and interest on ABR Loans is payable in arrears on the first business day of each calendar quarter. Subject to the Intercreditor Agreement, the Company is required to repay borrowings under the Vitamin Shoppe ABL Revolver with the net cash proceeds of certain customary events (subject to certain customary reinvestment rights). Further, if the outstanding principal amount of the borrowings under the Vitamin Shoppe ABL Revolver at any time exceeds the lesser of $100.0 million and the borrowing base, less, in each case, a $10.0 million availability block, the Company must prepay any such excess. The Vitamin Shoppe ABL Agreement includes customary affirmative and negative covenants binding on the Company and its subsidiaries, including the delivery of financial statements, borrowing base certificates and other reports. The negative covenants limit the ability of the Company and its subsidiaries, among other things, to incur debt, incur liens, make investments, sell assets, pay dividends on its capital stock and enter into transactions with affiliates. In addition, the Vitamin Shoppe ABL Agreement includes customary events of default, the occurrence of which may require the Company to pay an additional 2.0% interest on the borrowings under the Vitamin Shoppe ABL Revolver. Liberty Tax Credit Agreement On May 16, 2019, the Company entered into a new credit agreement (the "Liberty Tax Credit Agreement") which provided for a $135.0 million senior revolving credit facility, a $10.0 million sub-facility for the issuance of letters of credit, and a $20.0 million swingline loan sub-facility. On October 2, 2019, the Company amended the Liberty Tax Credit Agreement dated May 16, 2019 to extend the maturity date to October 2, 2022, from the original maturity date of May 31, 2020 and decrease the aggregate amount of commitments from $135.0 million to $125.0 million as of October 2, 2019. The Liberty Tax Credit Agreement included customary affirmative, negative, and financial covenants, including delivery of financial statements and other reports and maintenance of existence. On February 14, 2020, the Company amended certain provisions of the Liberty Tax Credit Agreement to provide for the gradual reduction of the commitments under the Liberty Tax Credit Agreement and terminated the facility on April 30, 2020. Other Indebtedness On February 7, 2020, the Company completed the repurchase of $60.4 million in aggregate principal amount of outstanding Convertible Senior Notes for a purchase price of $60.6 million, which included accrued interest. In December 2016, the Company obtained a mortgage payable to a bank in monthly installments of principal payments plus interest at the one-month LIBOR plus 1.85% through December 2026 with a balloon payment of $0.8 million due at maturity. The mortgage is collateralized by land and buildings.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 27, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Coronavirus, Aid, Relief, and Economic Security, or CARES Act (the “Act”) was enacted on March 27, 2020. The Act retroactively changed the eligibility of certain assets for expense treatment in the year placed in service, back to 2018, and permitted any net operating loss for the tax years 2018, 2019 and 2020 to be carried back for 5 years . The Company recorded a total income tax benefit of $45.6 million through the second quarter associated with the income tax components contained in the Act. As of June 27, 2020, the Company has completed an initial analysis of the tax effects of the Act but continues to monitor developments by federal and state rule making authorities regarding implementation of the Act. The Company has made reasonable estimates of the effects of the Act and will adjust, if needed, as new laws or guidance becomes available. For the three months ended June 27, 2020 and June 30, 2019, the Company had an effective tax rate of (9.4)% and 15.0% , respectively. The difference in the tax rate is primarily due an increase in the valuation allowance driven by the redemption of the New Holdco units during the quarter. For the six months ended June 27, 2020, the Company recognized an income tax benefit of $44.0 million, which represented an effective tax rate of 1,091.2% . For the six months ended June 30, 2019, the Company recognized income tax expense of $14.7 million, which represented an effective tax rate of 30.9% . The income tax benefit for the six months ended June 27, 2020, included the impact of the enactment of the Act, as discussed above, which is the primary driver of the difference in effective tax rate. In addition, the impact of the American Freight Acquisition has been considered for the six months ended June 27, 2020. The Company recorded an additional $11.4 million deferred tax liability to account for cumulative temporary differences resulting from the American Freight Acquisition. These initial amounts recorded in connection with purchase accounting will be adjusted during the measurement periods as the Company gathers information regarding facts and circumstances that existed as of the acquisition date. The Company has a valuation allowance recorded against its net deferred tax assets of $45.3 million. The Company intends to maintain a valuation allowance on its deferred tax assets until there is sufficient evidence to support the reversal of all or some portion of these allowances. A reduction in the valuation allowance could result in a significant decrease in income tax expense in the period in which the release is recorded. However, the exact timing and amount of any reduction in the Company’s valuation allowance are unknown at this time and will be subject to the earnings level it achieves in future periods. During the three months ended June 27, 2020, the Company recognized $24.2 million of deferred tax assets related to additional tax basis increases generated from expected future payments under the Tax Receivable Agreement and related deductions for imputed interest on such payments. See "-Tax Receivable Agreement" for more information. Tax Receivable Agreement Pursuant to the Company's election under Section 754 of the Internal Revenue Code (the "Code"), the Company expects to obtain an increase in its share of the tax basis in the net assets of New Holdco when New Holdco units are redeemed or exchanged by the non-controlling interest holders and other qualifying transactions. The Company plans to make an election under Section 754 of Code for each taxable year in which a redemption or exchange of New Holdco units occurs. The Company intends to treat any redemptions and exchanges of New Holdco units by the non-controlling interest holders as direct purchases of New Holdco units for U.S. federal income tax purposes. These increases in tax basis may reduce the amounts that it would otherwise pay in the future to various tax authorities. They may also decrease gains (or increase losses) on future dispositions of certain capital assets to the extent tax basis is allocated to those capital assets. On July 10, 2019, the Company entered into a tax receivable agreement with the then-existing non-controlling interest holders (the "Tax Receivable Agreement") that provides for the payment by the Company to the non-controlling interest holders of 40% of the cash savings, if any, in federal, state and local taxes that the Company realizes or is deemed to realize as a result of any increases in tax basis of the assets of New Holdco resulting from future redemptions or exchanges of New Holdco units. During the three months ended June 27, 2020, the Company acquired an aggregate of 5,495,606 New Holdco units, which resulted in an increase in the tax basis of our investment in New Holdco subject to the provisions of the Tax Receivable Agreement. In the three months ended June 27, 2020, the Company recognized an additional liability in the amount of $9.7 million for the payments due to the redeeming members under the Tax Receivable Agreement ("TRA Payments"), representing 40% of the cash savings it expects to realize from the tax basis increases related to the redemption of New Holdco units, after concluding it was probable that such TRA Payments would be paid based on the Company's estimates of future taxable income. The total liability owed under the Tax Receivable Agreement is $17.2

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 27, 2020
Equity [Abstract]
Stockholders' Equity	Stockholders’ Equity Stockholders' Equity Activity On January 3, 2020, the Company entered into a Subscription Agreement with an affiliate of Vintage Capital Management, LLC ("Vintage"), pursuant to which the affiliate of Vintage purchased from the Company 2,354,000 shares of common stock of the Company, par value $0.01 per share, at a purchase price of $12.00 per share for an aggregate purchase price of $28.2 million in cash. The common stock was purchased pursuant to an amendment to an equity commitment letter, dated August 7, 2019, between the Company and Tributum, L.P. (as amended, the "ECL"), pursuant to which Vintage agreed to provide $70.0 million of equity financing for the Vitamin Shoppe Acquisition. On February 7, 2020, investors purchased approximately 3,877,965 shares of the Company's common stock for $65.9 million. The equity financing was done through purchases of shares of common stock of the Company at $12.00 per share under the ECL, and $23.00 per share in connection with a separate private placement of shares of common stock (collectively, the "Equity Financing") pursuant to certain subscription agreements entered into by each investor with the Company. Pursuant to the ECL, Tributum, L.P. assigned certain of its obligations thereunder to provide a portion of such Equity Financing to certain of the investors. The proceeds of the of Equity Financing were used by the Company to fund the repurchase or redemption of the Company's outstanding 2.25% Convertible Notes (the "Convertible Notes"), to make interest payments on the Convertible Notes that are not repurchased or redeemed until their maturity and to also fund general, working capital and cash needs of the Company. On February 14, 2020, the Company issued 1,250,000 shares of the Company's common stock with a value of $31.0 million, which was recorded as deferred financing costs, to Kayne FRG Holdings L.P. for services provided in the financing of the American Freight Acquisition. During the first quarter of 2020, the Company also corrected an immaterial misclassification between retained earnings and non-controlling interest related to distributions declared to the non-controlling interest in the prior year. Accumulated Other Comprehensive Loss The components of accumulated other comprehensive loss at June 27, 2020 and December 28, 2019 were as follows: (In thousands) June 27, 2020 December 28, 2019 Foreign currency adjustment $ (1,987 ) $ (1,496 ) Interest rate swap agreements, net of tax (122 ) (42 ) Forward contracts related to foreign currency exchange rates 6 — Total accumulated other comprehensive loss $ (2,103 ) $ (1,538 ) Non-controlling interest The Company is the sole managing member of New Holdco and, as a result, consolidates the financial results of New Holdco. Prior to April 1, 2020, the Company reported a non-controlling interest representing the economic interest in New Holdco held by the former equity holders of Buddy's (the "Buddy’s Members"). The New Holdco LLC Agreement provided that the Buddy’s Members could, from time to time, have required the Company to redeem all or a portion of their New Holdco units for newly-issued shares of common stock on a basis of one New Holdco unit and one-fifth of a share of Preferred Stock of the Company for one share of common stock of the Company. In connection with any redemption or exchange, the Company received a corresponding number of New Holdco units, increasing its total ownership interest in New Holdco. Changes in the Company's ownership interest in New Holdco while it retains their controlling interest in New Holdco were accounted for as equity transactions. As such, redemptions or direct exchanges of New Holdco units by the Buddy’s Members resulted in a change in ownership and reduced the amount recorded as non-controlling interest and increased additional paid-in capital. On March 26, 2020, the Company redeemed 3,937,726 New Holdco units and 787,545 shares of preferred stock for common stock. On April 1, 2020, the Company redeemed the remaining 5,495,606 New Holdco units and 1,099,121 shares of preferred stock for common stock and the Company is the sole owner of New Holdco. The exchange of New Holdco units for common stock resulted in an increase in the tax basis of the net assets of New Holdco and a liability to be recognized pursuant to the TRA. The difference of $10.0 million in the adjustment of the deferred tax balances and the tax receivable agreement liability was recorded as an adjustment to additional paid-in-capital. Refer to "Note 7. Income Taxes" for further discussion of the TRA. Net Income (Loss) per Share Diluted net income (loss) per share is computed using the weighted-average number of common stock and, if dilutive, the potential common stock outstanding during the period. Potential common stock consists of the incremental common stock issuable upon the exercise of stock options and vesting of restricted stock units. The dilutive effect of outstanding stock options and restricted stock units is reflected in diluted earnings per share by application of the treasury stock method. Additionally, the computation of the diluted net income (loss) per share of common stock assumed the conversion of exchangeable shares, and Preferred Stock, if dilutive. The computation of basic and diluted net income (loss) per share for the three and six months ended June 27, 2020 and June 30, 2019 is as follows: Three Months Ended Three Months Ended Common Stock Common Stock (In thousands, except for share and per Basic and diluted net loss per share: Numerator Allocation of undistributed loss attributable to Franchise Group $ (21,673 ) $ (5,255 ) Denominator Weighted-average common stock outstanding 34,972,364 14,062,766 Basic and diluted net loss per share $ (0.62 ) $ (0.37 ) Six Months Ended Six Months Ended Common Stock Common Stock (In thousands, except for share and per Basic net income per share: Numerator Allocation of undistributed income attributable to Franchise Group $ 37,866 $ 32,936 Denominator Weighted-average common stock outstanding 29,173,172 14,059,279 Basic net income per share $ 1.30 $ 2.34 Diluted net income per share: Numerator Allocation of undistributed earnings for basic computation $ 37,866 $ 32,936 Denominator Number of shares used in basic computation 29,173,172 14,059,279 Weighted-average effect of dilutive securities Employee stock options and restricted stock units 162,461 64,825 Weighted-average diluted shares outstanding 29,335,633 14,124,104 Diluted net income per share $ 1.29 $ 2.33

Stock Compensation Plans

Stock Compensation Plans	6 Months Ended
	Jun. 27, 2020
Share-based Payment Arrangement [Abstract]
Stock Compensation Plans	Stock Compensation Plans 2019 Omnibus Incentive Plan In December 2019, the Company's stockholders approved the Company's 2019 Omnibus Incentive Plan (the "2019 Plan"). The 2019 Plan provides for a variety of awards, including stock options, stock appreciation rights, performance units, performance shares, shares of the Company’s common stock, par value $0.01 per share, restricted stock, restricted stock units, incentive awards, dividend equivalent units and other stock-based awards. Awards under the 2019 Plan may be granted to the Company’s eligible employees, directors, or consultants or advisors. The 2019 Plan provides that an aggregate maximum of 5,000,000 shares of common stock are reserved for issuance under the 2019 Plan, subject to adjustment for certain corporate events. At June 27, 2020, 4,128,173 shares of common stock remained available for grant. Stock Options Stock option activity during the six months ended June 27, 2020 was as follows: Number of options Weighted average exercise price Outstanding at December 28, 2019 460,285 $ 10.28 Exercised (22,500 ) 8.30 Expired or forfeited (18,598 ) 11.93 Outstanding at June 27, 2020 419,187 $ 10.31 Intrinsic value is defined as the fair value of the stock less the cost to exercise. The total intrinsic value of stock options outstanding at June 27, 2020 was $5.3 million. Stock options vest from the date of grant to three years after the date of grant and expire from four to five years after the vesting date. Nonvested stock options activity during the six months ended June 27, 2020 was as follows: Nonvested options Weighted average exercise price Outstanding at December 28, 2019 215,007 $ 10.11 Vested (63,333 ) 8.83 Expired or forfeited (18,598 ) 11.93 Outstanding at June 27, 2020 133,076 $ 10.46 At June 27, 2020 , unrecognized compensation costs related to nonvested stock options were $0.2 million . These costs are expected to be expensed through fiscal 2021. The following table summarizes information about stock options outstanding and exercisable at June 27, 2020 : Options Outstanding Options Exercisable Range of exercise prices Number Weighted average exercise price Weighted average remaining contractual life (in years) Number Weighted average exercise price $0.00 - $10.89 217,500 $ 8.77 4.7 154,166 $ 8.74 $10.90 - $12.79 201,687 11.98 3.7 131,945 12.01 419,187 $ 10.31 286,111 $ 10.25 Restricted Stock Units The Company has awarded restricted stock units to its non-employee directors and certain employees. Restricted stock units are valued at the closing stock price the day preceding the grant date. Compensation costs associated with these restricted shares are amortized on a straight-line basis over the vesting period and recognized as an increase in additional paid-in capital. At June 27, 2020, unrecognized compensation cost related to restricted stock units was $15.6 million. These costs are expected to be recognized through fiscal 2023. In the six months ended June 27, 2020, the Company awarded performance restricted stock units with an estimated fair value of $3.0 million to certain officers and employees. Each employee has the opportunity to earn an amount between 0% and 150% of the individual target award contingent on the Company meeting certain performance targets for the period beginning December 28, 2019 and ending on December 31, 2022. Provided the vesting conditions are satisfied, the awards will vest at the end of the performance period. The estimated value is to be expensed over the performance period. The Company recognized $0.3 million of expense related to these performance restricted stock units in the six months ended June 27, 2020. The estimated fair value of these performance restricted stock units was determined using the Company's closing price on the grant date. In the six months ended June 27, 2020, the Company also awarded restricted stock units with a fair value of $3.0 million to certain officers and employees. One-third of the awards will vest each year on the anniversary date of the grant. The Company recognized $0.3 million of expense related to these restricted stock units in the six months ended June 27, 2020. The Company also awarded restricted stock units with a fair value of $0.7 million to directors of the Company. The awards will vest on the anniversary date of the grant. The Company recognized $0.2 million of expense related to these restricted stock units in the six months ended June 27, 2020. The fair value of restricted stock units was determined using the Company's closing price on the grant date. Restricted stock activity during the six months ended June 27, 2020 was as follows: Number of restricted stock units Weighted average fair value at grant date Balance at December 28, 2019 671,039 $ 14.00 Granted 279,839 24.80 Vested (21,081 ) 9.99 Canceled (14,763 ) 20.32 Balance at June 27, 2020 915,034 $ 17.29 Stock Compensation Expense The Company recorded $4.3 million of expense related to stock awards for the six months ended June 27, 2020.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 27, 2020
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Financial assets and liabilities subject to fair value measurements are classified according to a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. Valuation methodologies for the fair value hierarchy are as follows: • Level 1 — Quoted prices for identical assets and liabilities in active markets. • Level 2 — Quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, and model-based valuations in which all significant inputs are observable in the market. • Level 3 — Unobservable inputs in which little or no market data exists, therefore, requiring an entity to develop its own assumptions. The Company measures or monitors certain of its assets and liabilities on a fair value basis. Fair value is used on a recurring basis for those assets and liabilities for which fair value is the primary basis of accounting. Other assets and liabilities are measured at fair value on a nonrecurring basis; that is, they are subject to fair value adjustment in certain circumstances, such as when there is evidence of impairment. The following tables present, for each of the fair value hierarchy levels, the assets and liabilities that are measured at fair value on a recurring and nonrecurring basis at June 27, 2020 and December 28, 2019 . June 27, 2020 Fair value measurements using (In thousands) Total Level 1 Level 2 Level 3 Assets: Recurring assets: Cash equivalents $ 537 $ 537 $ — $ — Forward contract related to foreign currency exchange rates 61 — — 61 Total recurring assets 598 537 — 61 Nonrecurring assets: Impaired accounts and notes receivable, net of unrecognized revenue and allowance 10,959 — — 10,959 Total nonrecurring assets 10,959 — — 10,959 Total recurring and nonrecurring assets $ 11,557 $ 537 $ — $ 11,020 Liabilities: Recurring liabilities: Contingent consideration included in obligations due former ADs, franchisees and others $ 594 $ — $ — $ 594 Interest rate swap agreement 169 — 169 — Total recurring liabilities $ 763 $ — $ 169 $ 594 December 28, 2019 Fair value measurements using (In thousands) Total Level 1 Level 2 Level 3 Assets: Recurring assets: Cash equivalents $ 4,253 $ 4,253 $ — $ — Total recurring assets 4,253 4,253 — — Nonrecurring assets: Impaired accounts and notes receivable, net of unrecognized revenue 7,310 — — 7,310 Total nonrecurring assets 7,310 — — 7,310 Total recurring and nonrecurring assets $ 11,563 $ 4,253 $ — $ 7,310 Liabilities: Recurring liabilities: Contingent consideration included in obligations due to former ADs, franchisees and others $ 916 $ — $ — $ 916 Interest rate swap agreement 58 — 58 — Total recurring liabilities $ 974 $ — $ 58 $ 916 The Company's policy is to recognize transfers between levels of the fair value hierarchy on the date of the event or change in circumstances that caused the transfer. There were no transfers into or out of Level 1 or 2 recurring fair value measurements for the six months ended June 27, 2020 , as well as the year ended December 28, 2019. The following methods and assumptions are used to estimate the fair value of the Company's financial instruments. Cash equivalents: The carrying amounts approximate fair value because of the short maturity of these instruments. Cash equivalent financial instruments consist of money market accounts. Impaired accounts and notes receivable: Accounts and notes receivable are considered to be impaired if the net amounts due exceed the fair value of the underlying franchise or if management considers it probable that all principal and interest will not be collected when contractually due. In establishing the estimated fair value of the underlying franchise, consideration is given to a variety of factors, including, recent comparable sales of Company-owned stores, sales between franchisees, the net fees of open offices, and the number of unopened offices. Contingent consideration included in long-term obligations: Contingent consideration is carried at fair value. The fair value of these obligations was determined based upon the estimated future net revenues of the acquired businesses. Interest rate swap agreement: Value of interest rate swap on variable rate mortgage debt. The fair value of this instrument was determined based on third-party market research. Other Fair Value Measurements Accounting standards require the disclosure of the estimated fair value of financial instruments that are not recorded at fair value. For the financial instruments not recorded at fair value, estimates of fair value are made at a point in time based on relevant market data and information about the financial instrument. No readily available market exists for a significant portion of the Company's financial instruments. Fair value estimates for these instruments are based on current economic conditions, interest rate risk characteristics, and other factors. Many of these estimates involve uncertainties and matters of significant judgment and cannot be determined with precision. Therefore, the calculated fair value estimates in many instances cannot be substantiated by comparison to independent markets and, in many cases, may not be realizable in a current sale of the instrument. In addition, changes in assumptions could significantly affect these fair value estimates. The following methods and assumptions were used by the Company in estimating the fair value of these financial instruments. Receivables other than notes, other current assets, accounts payable and accrued expenses, and due to ADs: The carrying amounts approximate fair value because of the short maturity of these instruments (Level 1). Notes receivable: The carrying amount approximates fair value because the interest rate charged by the Company on these notes approximates rates currently offered by local lending institutions for loans of similar terms to individuals/entities with comparable credit risk (Level 3). Long-term debt: The carrying amount approximates fair value because the interest rate paid has a variable component (Level 2).

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 27, 2020
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions The Company considers directors and their affiliated companies, as well as named executive officers and members of their immediate families, to be related parties. Messrs. Kahn and Laurence Vintage and its affiliates held approximately 42% of the aggregate voting power of the Company through their ownership of common stock and Preferred Stock as of June 27, 2020. Brian Kahn and Andrew Laurence, principals of Vintage, are members of the Company's Board of Directors with Mr. Laurence serving as the Company's Chairman of the Board until March 31, 2020. Mr. Kahn is the President and Chief Executive Officer of the Company and Mr. Laurence is an Executive Vice President of the Company. Stock Subscription Agreement. On January 6, 2020, Vintage affiliates purchased 2,354,000 shares of the Company's common stock for $28.2 million under a subscription agreement dated August 7, 2019 with the Company. Buddy's Franchises. Mr. Kahn had an equity interest in an entity that owned three Buddy's franchisees. The entity sold the franchisees on June 26, 2020 and Mr. Kahn no longer has an interest in any franchisees of the Company. Mr. Kahn's brother-in-law owns seven Buddy's franchisees. All transactions between the Company's Buddy's segment and Mr. Kahn's brother-in-law are conducted on a basis consistent with other franchisees. Bryant Riley (former director) Mr. Riley, through controlled entities or affiliates held approximately 13% of the aggregate ownership of the Company's common stock as of June 27, 2020. Mr. Riley was also a member of the Company's Board of Directors from September 2018 through March 2020. Credit Agreements. On December 16, 2019, the Company entered into the Vitamin Shoppe Term Loan with an entity controlled by Mr. Riley. On February 14, 2020, the Company entered into a $675 million credit facility, which included a $575 million FGNH Credit Agreement and a $100 million FGNH ABL Term Loan with an entity controlled by Mr. Riley acting as the administrative agent. During the six months ended June 27, 2020, the Company borrowed and repaid an $11.0 million promissory note with B. Riley Financial, Inc. Stock Subscription Agreements. On February 7, 2020, Mr. Riley, and entities or affiliates of Mr. Riley purchased 669,678 shares for $11.4 million under the Equity Financing as defined above in "Note 8. Stockholder's Equity". Fee Letters. On February 14, 2020, the Company entered into a fee letter with B. Riley pursuant to which B. Riley was entitled to receive $5 million for advisory services provided for the American Freight Acquisition. B. Riley received payment for these services on June 26, 2020. On February 19, 2020, the Company entered into a fee letter with B. Riley pursuant to which B. Riley received an equity fee equal to 6% of the $36.0 million of equity raised by B. Riley for the Company as part of the Equity Financing (as defined above in "Note 8. Stockholder's Equity"). Backstop ABL Commitment Letter. On May 1, 2020, in connection with our acquisition of American Freight and the ABL Credit Agreement, the Company entered into an Amended and Restated ABL Commitment Letter with B. Riley pursuant to which B. Riley agreed to provide, subject to the terms and conditions set forth therein, a backstop commitment for a $100.0 million asset-based lending facility. Underwritten Offering of Common Stock. On June 30, 2020, the Company completed an underwritten offering of its common stock in which with B. Riley FBR, Inc. ("B. Riley FBR"), an affiliate of B. Riley, acted as representative of the underwriters. In connection with the offering, B. Riley FBR was entitled to an underwriting discount of approximately $5.4 million and reimbursement of certain out-of-pocket expenses incurred in connection with the offering. M. Brent Turner Mr. Turner is the President and Chief Executive Officer of the Company’s Liberty Tax segment. Revolution Financial Services Agreement. The Company entered into a one-year Services Agreement (the “Revolution Agreement”) with Revolution Financial, Inc. (“Revolution”) effective as August 23, 2019. Mr. Turner serves as the Chief Executive Officer of Revolution. The Revolution Agreement provides for certain transition services, including leased office space and information technology personnel. Pursuant to the terms as provided in the Revolution Agreement, fees for each of the services provided by Revolution are calculated based on the actual costs for each applicable service to be paid by the Company. For the transition services provided by the Company in retail locations, which includes the provision of space and staffing, Revolution will pay the Company 50% of net revenue. The amount for the transition services was immaterial for the six months ended June 27, 2020. Michael S. Piper Mr. Piper is the Chief Financial Officer of the Company's Liberty Tax segment. On February 7, 2020, Mr. Piper purchased 123,529 shares for $2.1 million under the Equity Financing as defined above in "Note 8. Stockholders' Equity". Steve Belford The Company's American Freight segment leases retail space and purchases inventory from entities either fully or partially owned by Steve Belford, the former Chief Executive Officer of American Freight. Mr. Belford's employment with American Freight ended on April 6, 2020. In the six months ended June 27, 2020, American Freight paid these entities approximately $1.8 million under the lease obligations and purchased approximately $25.8 million of inventory. Tax Receivable Agreement In connection with the Buddy's Acquisition, the Company entered into the Tax Receivable Agreement with the Buddy's Members that provides for the payment to the Buddy's Members of 40% of the amount of any tax benefits that the Company actually realizes as a result of increases in the tax basis of the net assets of New Holdco resulting from any redemptions or exchanges of New Holdco units. Amounts due under the Tax Receivable Agreement to the Buddy's Members as of June 27, 2020 were $17.2 million which is recorded in "Other non-current liabilities" in the accompanying condensed consolidated balance sheets. No payments were made to member of New Holdco pursuant to the Tax Receivable Agreement during the quarter ended June 27, 2020.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 27, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies In the ordinary course of operations, the Company may become a party to legal proceedings. Based upon information currently available, management believes that such legal proceedings, individually or in the aggregate, will not have a material adverse effect on the Company's business, financial condition, cash flows, or results of operations except as provided below. Eastern District of New York Securities Litigation In Re Liberty Tax, Inc. Securities Litigation. This case consolidated two previously filed cases on July 12, 2018. The case, among other things, asserts that the Company’s SEC filings over a multi-year period failed to disclose the alleged misconduct of the individual defendants and that disclosure of the alleged misconduct caused the Company’s stock price to drop and, thereby harm the purported class of stockholders. The class period is alleged to be October 1, 2013 through February 23, 2018. The defendants filed a joint motion to dismiss the Consolidated Amended Class Action Complaint on September 17, 2018 which was granted on January 17, 2020. The Plaintiff filed their notice to appeal to the United States Court of Appeals for the Second Circuit on February 19, 2020. The Second Circuit set an expedited briefing schedule for the appeal. Appellant's brief was filed on May 5, 2020 and Appellant’s opposition brief was filed on June 9, 2020. Stockholder Class Action and Derivative Complaint On August 12, 2019, Asbestos Workers’ Philadelphia Pension Fund, individually and on behalf of all others similarly situated and derivatively on behalf of the Company filed a class action and derivative complaint (the “Derivative Complaint”) in the Court of Chancery of the State of Delaware, against Matthew Avril, Patrick A. Cozza, Thomas Herskovits, Brian R. Kahn, Andrew M. Laurence, Lawrence Miller, G. William Minner Jr., Bryant R. Riley, Kenneth M. Young, (collectively the “Derivative Complaint Individual Defendants”), and against Vintage, B. Riley Financial, Inc. ("B. Riley"), and the Company as a Nominal Defendant. The Derivative Complaint alleges breach of fiduciary duty against the Derivative Complaint Individual Defendants based on the following allegations: (a) causing the Company to completely transform its business model and to acquire Buddy’s at an inflated price, (b) transfer the control of the Company to Vintage and B. Riley for no premium and without a stockholder vote, (c) allowing Vintage and B. Riley’s other former stockholders to unfairly extract additional value from the Company by virtue of a TRA, (d) the offering to the Company's non-Vintage and non-B. Riley stockholders of an inadequate price for their shares of Company stock ($12.00 per share), (e) disseminating materially misleading and/or omissive Tender Offer documents, and (f) issuing additional Company shares to Vintage at less than fair value to fund the Tender Offer and Vitamin Shoppe Acquisition. The Derivative Complaint also includes a count of unjust enrichment against Vintage and B. Riley. The Derivative Complaint seeks: (a) declaration that the action is properly maintainable as a class action; (b) a finding the Individual Defendants are liable for breaching their fiduciary duties owed to the class and the Company; (c) a finding that demand on the Company's Board is excused as futile; (d) enjoining the consummation of the Tender Offer unless and until all material information necessary for the Company's stockholders to make a fully informed tender decision has been disclosed; (e) a finding Vintage and B. Riley are liable for unjust enrichment; (f) an award to Plaintiff and the other members of the class damages in an amount which may be proven at trial; (g) an award to Plaintiff and the other members of the class pre-judgment and post-judgment interest, as well as their reasonable attorneys’ and expert witness fees and other costs; (h) an award to the Company in the amount of damages it sustained as a result of Individual Defendants’ breaches of fiduciary duties to the Company; and (i) awarding such other and further relief as this Court may deem just and proper. Simultaneously with the filing of the Derivative Complaint, the Plaintiff filed a motion seeking expedited proceedings. The motion was withdrawn as the Derivative Complaint Individual Defendants agreed to produce certain documents. On October 23, 2019, the Plaintiff filed a Verified Amended Stockholder Class Action and Derivative Complaint (the “Amended Complaint”), following the Company’s filing of the amended and restated offer to purchase on October 16, 2019 (the “Offer to Purchase”). The Amended Complaint contained substantially similar allegations but revised certain allegations based on disclosures contained in, or purportedly omitted, from the Offer to Purchase. The Plaintiff filed a Motion for Preliminary Injunction on October 25, 2019, seeking to prevent the consummation of the pending Offer to Purchase unless additional information was disclosed. On November 5, 2019, the Company filed Amendment No. 5 to the Offer to Purchase making certain additional disclosures, and Plaintiff withdrew its Motion for Preliminary Injunction. On February 7, 2020, Matthew Sciabacucchi, a purported stockholder of the Company, filed a motion to intervene to pursue some or all of the derivative claims pending in the Court of Chancery. Mr. Sciabacucchi’s motion states that Asbestos Workers’ Philadelphia Pension Fund has sold its shares in the Company. The motion to intervene was granted March 10, 2020. On June 8, 2020 the Court entered an order governing briefing on Plaintiff’s petition for an interim award of attorney’s fees. Plaintiff’s opening brief was filed on June 8, 2020. Defendant's opposition was filed on July 23, 2020, and Plaintiff’s reply is due on or before August 6, 2020. Class Action Litigation Rene Labrado v. JTH Tax, Inc. On July 3, 2018, a class action complaint was filed in the Superior Court of California, County of Los Angeles by a former employee for herself and on behalf of all other “similarly situated” persons. The Complaint alleges, among other things, that the Company allegedly violated various provisions of the California Labor Code, including: unpaid overtime, unpaid meal period premiums, unpaid rest premiums, unpaid minimum wages, final wages not timely paid, wages not timely paid, non-compliant wage statements, failure to keep pay records, unreimbursed business expenses and violation of California Business and Profession Code Section 17200. The Complaint seeks actual, consequential and incidental losses and damages, injunctive relief and other damages. The Company highly disputes the allegations set forth in the Complaint and filed a motion to dismiss. On May 29, 2019, the Court denied the Company’s motion to dismiss, but granted the Company leave to file a motion to strike. The Company filed a motion to strike and on August 20, 2019, the Court granted in part and denied in part the Company’s motion. The Court provided the Company with twenty days to file its answer to the Complaint and lifted the discovery stay. A status conference was held on March 3, 2020 where the Court set a hearing on the class certification for December 18, 2020. A further status conference was held on August 3, 2020 and the Court set a continuance for August 13, 2020. Department of Justice ("DOJ") and IRS Matters On December 3, 2019, the DOJ initiated a legal proceeding against the Company, in the U.S. District Court for the Eastern District of Virginia. Also, on December 3, 2019, the DOJ and the Company filed a joint motion asking the court to approve a proposed order setting forth certain enhancements to the Company's Liberty Tax segments compliance program and requiring the Company to retain an independent monitor to oversee the implementation of the required enhancements to the compliance program. The monitor will work with the Company's Liberty Tax segments compliance team and may make recommendations for further refinements to improve the tax compliance program. As part of the proposed order, the Company also agreed that it would not rehire or otherwise engage the Company’s former chairman, John T. Hewitt, under whose supervision the conduct at issue occurred, and agreed not to grant Mr. Hewitt any options or other rights to acquire equity in the Company, or to nominate him to the Company’s Board of Directors. On December 20, 2019 the Court granted the joint motion for the proposed order and the confidentiality motion, which fully resolved the legal proceeding initiated by DOJ. In addition, the Company entered into a settlement agreement resolving the previously disclosed investigation by the IRS with respect to the tax return preparation activities of the Company’s Liberty Tax segments franchise operations and Company-owned stores. Pursuant to that agreement, the Company agreed to make a compliance payment to the IRS in the amount of $3.0 million , to be paid in installments over four years, starting with an upfront payment of $1.0 million , followed by a $0.5 million payment on each anniversary thereof. As previously disclosed, the Company expects that the increased costs to enhance its compliance program could exceed $1.0 million per year over several years, in addition to the costs necessary to resolve the investigation. Other Matters Convergent Mobile, Inc. v. JTH Tax, Inc. On August 26, 2019, Convergent Mobile, Inc. (“Convergent”) filed a complaint in the Superior Court of the State of California, County of Sonoma, against the Company (the "California Complaint"). The California Complaint alleges that the Company breached a contract between it and Convergent, and Convergent has asserted counts for breach of contract, promissory estoppel, and breach of the covenant of good faith and fair dealing. The California Complaint generally seeks damages according to proof, special damages according to proof, interest, attorneys’ fees and cost. The Company removed the matter to the federal district court for the Northern District of California and filed a motion to dismiss and motion to strike. On January 16, 2020, the Court vacated the previously scheduled hearing on Company’s motion to dismiss and motion to strike and stated a written opinion would be forthcoming. On April 22, 2020, the Court granted in part and denied in part the Company's motion to dismiss. The Court denied the Company's motion to strike. The Company filed its answer and a counterclaim against Convergent and the matter is proceeding in discovery. The Company disputes these claims and intends to defend the matter vigorously. Sears Outlet Stores, L.L.C., n/k/a American Freight Outlet Stores, LLC v. Capgemini America, Inc., successor in interest to Capgemini U.S. LLC. On April 8, 2020, Sears Outlet Stores, L.L.C., n/k/a American Freight Outlet Stores, LLC (“Outlet”) filed a complaint against Capgemini America Inc. ("Capgemini") in the United States District Court, Northern District Court of Illinois (the “Complaint”), seeking a declaratory action. Outlet alleges claims against Capgemini of fraudulent inducement, breach of contract, constructive fraud, and intentional non-disclosure/fraudulent concealment. Outlet also seeks a declaratory action for excuse of non-performance to pay any further invoices from Capgemini, including certain invoices which Outlet disputes and Capgemini alleges are past due, specific performance from Capgemini’s obligation to provide termination assistance services, actual and consequential damages, incidental damages in an amount yet to be determined, interest, attorney’s fees and costs, and punitive damages. On June 19, 2020, the parties mutually resolved all claims between them and the Complaint was dismissed with prejudice on June 25, 2020. The Company is also party to claims and lawsuits that are considered to be ordinary, routine litigation incidental to the business, including claims and lawsuits concerning the preparation of customers' income tax returns, the fees charged to customers for various products and services, relationships with franchisees, intellectual property disputes, employment matters, and contract disputes. Although the Company cannot provide assurance that it will ultimately prevail in each instance, it believes the amount, if any, it will be required to pay in the discharge of liabilities or settlements in these claims will not have a material adverse impact on its consolidated results of operations, financial position, or cash flows.

Segments (Notes)

Segments (Notes)	6 Months Ended
	Jun. 27, 2020
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	(13) Segments The Company's operations are conducted in four reporting business segments: Vitamin Shoppe, American Freight, Liberty Tax and Buddy's. The Company defines its segments as those operations which results its chief operating decision maker ("CODM") regularly reviews to analyze performance and allocate resources. The results of operations of Buddy's are included in the Company's results of operations beginning on July 10, 2019, the results of operations of Vitamin Shoppe are included in the Company's results of operations beginning on December 16, 2019, while the results of operations of American Freight are included in the Company's results of operations beginning on February 14, 2020. The results of operations of the Sears Outlet business are included in the Company's results of operations beginning on October 23, 2019 and are included in the results of operations of the American Freight segment. Prior to July 10, 2019, the Company operated as a single reportable segment that was comprised of Liberty Tax. The Vitamin Shoppe segment is an omni-channel specialty retailer and wellness lifestyle company with the mission of providing customers with the most trusted products, guidance, and services to help them become their best selves, however they define it. The Vitamin Shoppe segment offers a comprehensive assortment of nutritional solutions, including vitamins, minerals, specialty supplements, herbs, sports nutrition, homeopathic remedies, green living products, and natural beauty aids. The Vitamin Shoppe segment consists of our operations under the "Vitamin Shoppe" brand and is headquartered in Secaucus, New Jersey. The American Freight segment operates under the American Freight and American Freight Outlet banners. American Freight is a retail chain offering brand-name furniture, mattresses and home accessories at discount prices. American Freight Outlet, previously Sears Outlet, provides in-store and online access to purchase new, one-of-a-kind, out-of-box, discontinued, obsolete, used, reconditioned, overstocked and scratched and dented products, collectively "outlet-value products" across a broad assortment of merchandise categories, including home appliances, mattresses and furniture at value-oriented prices. The American Freight segment consists of our operations under the "American Freight" banner and is headquartered in Delaware, Ohio. The Liberty Tax segment is one of the largest providers of tax preparation services in the U.S. and Canada. The Liberty Tax segment includes the Company's operations under the "Liberty Tax," "Liberty Tax Canada" and "Siempre" brands. The Liberty Tax segment and our corporate headquarters are located in Virginia Beach, Virginia. The Buddy's segment leases and sells electronics, residential furniture, appliances and household accessories. The Buddy's segment consists of the Company's operations under the "Buddy's" brand and is headquartered in Orlando, Florida. The Company measures the results of its segments, using, among other measures, each segment's total consolidated revenue, consolidated depreciation, amortization, and impairment charges and consolidated income (loss) from operations. The Company may revise the measurement of each segment's income (loss) from operations as determined by the information regularly reviewed by the CODM. When the measurement of a segment changes, previous period amounts and balances are reclassified to be comparable to the current period's presentation. Total revenues by segment were as follows: Three Months Ended Six Months Ended (In thousands) June 27, 2020 June 30, 2019 June 27, 2020 June 30, 2019 Total revenue: Vitamin Shoppe $ 237,735 $ — $ 513,622 $ — American Freight 234,427 — 437,174 — Liberty Tax 15,073 23,820 104,692 119,658 Buddy's 25,392 — 49,705 — Consolidated total revenue $ 512,627 $ 23,820 $ 1,105,193 $ 119,658 Depreciation, amortization, and impairment charges by segment are as follows: Three Months Ended Six Months Ended (In thousands) June 27, 2020 June 30, 2019 June 27, 2020 June 30, 2019 Depreciation, amortization, and impairment charges: Vitamin Shoppe $ 12,419 $ — $ 23,729 $ — American Freight 1,553 — 2,465 — Liberty Tax 2,379 3,699 4,444 7,772 Buddy's 1,514 — 3,154 — Consolidated depreciation, amortization, and impairment charges $ 17,865 $ 3,699 $ 33,792 $ 7,772 Operating income (loss) by segment were as follows: Three Months Ended Six Months Ended (In thousands) June 27, 2020 June 30, 2019 June 27, 2020 June 30, 2019 Income from operations: Vitamin Shoppe $ (587 ) $ — $ (6,063 ) $ — American Freight 12,422 — 14,009 — Liberty Tax (3,204 ) (5,662 ) 45,478 49,211 Buddy's 5,338 — 8,683 — Total Segments 13,969 (5,662 ) 62,107 49,211 Corporate (2,397 ) — (4,696 ) — Consolidated income from operations $ 11,572 $ (5,662 ) $ 57,411 $ 49,211 Total assets by segment were as follows: (In thousands) June 27, 2020 December 28, 2019 Total assets: Vitamin Shoppe $ 635,353 $ 679,646 American Freight 854,493 267,176 Liberty Tax 105,897 123,576 Buddy's 187,209 188,941 Total Segments 1,782,952 1,259,339 Corporate 100,679 39,206 Consolidated total assets $ 1,883,631 $ 1,298,545 Goodwill by segment is as follows: (In thousands) June 27, 2020 December 28, 2019 Goodwill: Vitamin Shoppe $ — $ 4,951 American Freight 369,034 31,028 Liberty Tax 8,972 9,780 Buddy's 90,082 88,542 Consolidated goodwill $ 468,088 $ 134,301

Subsequent Event Subsequent Ev

Subsequent Event Subsequent Events (Notes)	Jul. 10, 2020
Subsequent Events [Abstract]
Subsequent Events [Text Block]	Subsequent Events On June 25, 2020, the Company entered into an Underwriting Agreement (the "Underwriting Agreement") with B. Riley FBR, as representative of the underwriters named therein (the “Underwriters”) to issue and sell an aggregate of 4,200,000 shares of the Company's common stock in a public offering at a price of $23.25 per share. In addition, the Company granted the Underwriters an option to purchase up to an additional 630,000 shares of the Company's common stock for a period of 30 days from June 25, 2020. The Company offering closed on June 30, 2020 and the net proceeds to the Company from the offering were $92.2 million, after deducting underwriting discounts and estimated offering expenses of approximately $5.4 million. On July 25, 2020, the Company and B. Riley FBR entered into an Amendment No. 1 to the Underwriting Agreement to extend the period during which the Company granted the Underwriters the Option to 35 days from June 25, 2020, or July 30, 2020. On July 30, 2020, the Underwriters provided notice to purchase the additional 630,000 shares of the Company's common stock. The Company received proceeds of $13.8 million, net of expenses of $0.8 million. On July 10, 2020, the Company entered into a Senior Secured Super Priority Debtor-In-Possession Delayed Draw Term Loan Agreement (the “DIP DDTL Agreement”) with Tuesday Morning Corporation (“Tuesday Morning”). Pursuant to the DIP DDTL Agreement, the Company agreed to lend Tuesday Morning up to an aggregate principal amount of $25 million in the form of delayed draw term loans (the “DIP Term Facility”). The DIP Term Facility is guaranteed by certain of the Tuesday Morning's subsidiaries and secured on a super priority basis by real estate assets owned by Tuesday Morning, including its corporate headquarters and warehouse/distribution complex located in Dallas, Texas. The DIP Term Facility will mature on April 10, 2021, which maturity (unless accelerated subject to the terms set forth in the DIP DDTL Agreement) may be extended, subject to payment of an extension fee to the Company, for an additional three (3) months at the election of Tuesday Morning. The DIP Term Facility will bear interest at a rate per annum based on 3-month LIBOR (with a 1.00% LIBOR floor), plus an interest rate margin of 5.0% (subject to further increase of 2.0% upon the occurrence of an event of default). The DIP Term Facility is being provided in connection with Tuesday Morning’s Chapter 11 bankruptcy cases. Following a hearing held on July 8, 2020, on July 10, 2020 the judge presiding over the Tuesday Morning's bankruptcy cases entered an order approving the DIP Term Facility.

Organization and Significant _2

Organization and Significant Accounting Policies (Policies)	3 Months Ended	6 Months Ended
	Mar. 28, 2020	Jun. 27, 2020
Accounting Policies [Abstract]
Description of Business		(1) Organization and Significant Accounting Policies Description of Business Franchise Group, Inc. (the "Company"), a Delaware corporation, is a franchisor, operator and acquirer of franchised and franchisable businesses that it believes it can scale using its operating expertise. On July 10, 2019, the Company formed Franchise Group New Holdco, LLC (“New Holdco”), which completed the acquisition of Buddy's Newco, LLC ("Buddy's"). On October 23, 2019, the Company completed the acquisition of the Sears Outlet ("Sears Outlet") business from Sears Hometown and Outlet Stores, Inc. (subsequently rebranded as American Freight Outlet). On December 16, 2019, the Company completed its acquisition of The Vitamin Shoppe, Inc. ("Vitamin Shoppe"). On February 14, 2020, the Company completed its acquisition of the American Freight Group, Inc. ("American Freight") as described in “Note 2. Acquisitions”. New Holdco holds all of the Company’s operating subsidiaries. Segment Information
Basis of Presentation	Basis of Presentation Revenues have been classified into product, service and other and rental revenues as further discussed in "Note 5. Revenue." Costs of sales for product includes the cost of merchandise, transportation and warehousing costs. Service and other costs of sales include the direct costs of warranties. Rental cost of sales represents the amortization of inventory costs over the leased term. Other operating expenses, including employee costs, depreciation and amortization, and advertising expenses have been classified in selling, general and administrative expenses. The Company also includes occupancy costs in selling, general and administrative expenses. Assets and liabilities of the Company's Canadian operations have been translated into U.S. dollars using the exchange rate in effect at the end of the period. Revenues and expenses have been translated using the average exchange rates in effect each month of the period. Foreign exchange transaction gains and losses are recognized when incurred. The Company reclassifies to accounts payable checks issued in excess of funds available and reports them as cash flow from operating activities. The unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information. The condensed consolidated financial statements, including these notes, are unaudited and exclude some of the disclosures required only in annual financial statements. The Company changed its fiscal year end from April 30 to the Saturday closest to December 31st of each year, resulting in an 8-month transition period from May 1, 2019 to December 28, 2019. The consolidated balance sheet data as of December 28, 2019 was derived from the Company’s Transition Report on Form 10-K/T, filed with the U.S. Securities and Exchange Commission (the "SEC") on April 24, 2020 (the "2019 Transition Report"). The Company has provided unaudited historical financial information that was not previously presented for the three and six months ended June 30, 2019 for comparison purposes. In the opinion of management, all adjustments necessary for a fair presentation of such condensed consolidated financial statements in accordance with GAAP have been recorded. These adjustments consisted only of normal recurring items. The accompanying condensed consolidated financial statements should be read in conjunction with the Company’s consolidated financial statements and notes thereto included in its 2019 Transition Report. Use of Estimates 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 disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Merchandise Inventories Inventory for the Buddy's segment is recorded at cost, including shipping and handling fees. Upon purchase, merchandise is not initially depreciated until it is leased or three months after the purchase date. Non-leased merchandise is depreciated on a straight-line basis over a period of 24 months. Leased merchandise is depreciated over the lease term of the rental agreement and recorded in rental cost of revenue. On a weekly basis, all damaged, lost, stolen, or unsalable merchandise identified is written off. Maintenance and repairs of lease merchandise are charged to operations as incurred. Inventory for the American Freight segment is accounted for by banner. Inventory for the American Freight banner is comprised of finished goods and is valued at the lower of cost or market, with cost determined by the first-in, first out method. The Company writes down inventory, the impact of which is reflected in cost of sales in the Consolidated Statements of Operations, if the cost of specific inventory items on hand exceeds the amount the Company expects to be realized from the ultimate sale or disposal of the inventory. These estimates are based on management’s judgment regarding future demand and market conditions and analysis of historical experience. Inventory under the American Freight Outlet banner, previously the Sears Outlet segment, is recorded at the lower of cost or market using the weighted-average cost method. Inventory includes the purchase price of the inventory plus costs of freight for moving merchandise from vendors to distribution centers as well as from distribution centers to stores. A provision for estimated shrinkage is maintained based on the actual historical results of physical inventories. Estimates are compared to the actual results of the physical inventory counts as they are taken and adjust the shrink estimates accordingly. Inventory values are adjusted to the difference between the carrying value and the estimated market value, based on assumptions about future demand or when a permanent markdown indicates that the net realizable value of the inventory is less than cost. Inventory for the Vitamin Shoppe segment is recorded at the lower of cost or market value using the weighted-average cost method. Inventory includes costs directly incurred in bringing the product to its existing condition and location. In addition, the cost of inventory is reduced by purchase discounts and other allowances received from vendors. A markdown reserve is estimated based on a variety of factors, including, but not limited to, the amount of inventory on hand and its remaining shelf life, current and expected market conditions and product expiration dates. In addition, the Company has established a reserve for estimated inventory shrinkage based on the actual, historical shrinkage of its most recent physical inventories adjusted, if necessary, for current economic conditions and business trends. Physical inventories and cycle counts are taken on a regular basis. These adjustments are estimates, which could vary significantly from actual results if future economic conditions, customer demand or competition differ from management expectations. Goodwill and Non-amortizing Intangible Assets Goodwill and non-amortizing intangible assets, including the Buddy's, Vitamin Shoppe and American Freight tradenames, are not amortized, but rather tested for impairment at least annually. In addition, goodwill and non-amortizing intangible assets will be tested on an interim basis if an event or circumstance indicates that it is more likely than not that an impairment loss has been incurred. The Company performs a qualitative and/or quantitative assessment to determine whether it is more likely than not that each reporting unit's fair value is less than its carrying value, including goodwill. If the Company determines that it is more likely than not that the fair value of the reporting unit is less than its carrying value, the Company then estimates the fair value. The Company uses a combination of a market multiple method and a discounted cash flow method to estimate the fair value of its reporting units and recognizes goodwill impairment for any excess of the carrying amount of a reporting unit’s goodwill over its estimated fair value. The Company evaluates the Buddy's, Vitamin Shoppe and American Freight tradenames for impairment by comparing its fair value, based on an income approach using the relief-from-royalty method, to its carrying value. If the carrying value of the asset exceeds its estimated fair value, an impairment loss is recognized in an amount equal to that excess. The Company's reporting units are determined in accordance with the provisions of Accounting Standards Codification (“ASC”) 350, “Intangibles - Goodwill and Other (Topic 350).” The Company performs its annual impairment testing of goodwill and non-amortizing intangible assets on the last day of the first month of the Company's third quarter. Refer to “Note 4. Goodwill and Intangible Assets” for additional information on these balances. Intangible and Long-Lived Assets Impairment Amortization of intangible assets is calculated using the straight-line method over the estimated useful lives of the assets, generally from two to ten years. Long-lived assets, such as property, equipment, and software, and other purchased intangible assets subject to amortization are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. Recognition and measurement of a potential impairment is performed for these assets at the lowest level where cash flows are individually identifiable. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized in the amount by which the carrying amount of the asset exceeds the fair value of the asset. Fair value is determined through various valuation techniques, including discounted cash flow models, quoted market values, and third-party independent appraisals, as considered necessary. Revenue Recognition The following is a description of the principal activities from which the Company generates its revenues. For more detailed information regarding reportable segments, see "Note 13. Segments." • Product revenues: These include sales of merchandise at the stores and online. Revenue is measured based on the amount of fixed consideration that the Company expects to receive, reduced by estimates for variable consideration such as returns. Revenue also excludes any amounts collected from customers and remitted or payable to governmental authorities. In arrangements where the Company has multiple performance obligations, the transaction price is allocated to each performance obligation using the relative stand-alone selling price. The Company recognizes revenues from retail operations upon the transfer of control of goods to the customer. The Company satisfies its performance obligations at the point of sale for retail store transactions and upon delivery for online transactions. The Company recognizes revenue for retail store and online transactions when it transfers control of the goods to the customer. The performance obligation is generally satisfied in the following reporting period. Merchandise sales also include payments received for the exercise of the early purchase option offered through rental-purchase agreements or merchandise sold through point of sale transactions. Revenue for merchandise sales associated with rental purchase agreements is recognized when payment is received, and ownership of the merchandise passes to the customer. The remaining net value of merchandise sold is recorded to cost of sales at the time of the transaction. • Service and other revenues: These include royalties and advertising fees from franchisees, fees from the sales of franchises and area developer territories, financial products, interest income from loans to franchisees and ADs, tax preparation services in the Company-owned stores, electronic filing fees, services and extended-service plans and financing programs. Commissions earned on services are presented net of related costs because the Company is acting as an agent in arranging the services for the customer and does not control the services being rendered. The Company recognizes revenue on the commissions on extended-service plans when it transfers control of the related goods to the customer. The Company recognizes franchise fee and AD fee revenue for the sales of individual territories on a straight-line basis over the initial contract term when the obligations of the Company to prepare the franchisee and AD for operation are substantially complete, not to exceed the estimated amount of cash to be received. Royalties and advertising fees are recognized as franchise territories generate sales. Tax return preparation fees and financial products revenue are recognized as revenue in the period in which related tax return is filed for the customer. Discounts for promotional programs are recorded at the time the return is filed and are recorded as reductions to revenues. Interest income on notes receivable is recognized based on the outstanding principal note balance less unrecognized revenue unless it is put on non-accrual status. Interest income on the unrecognized revenue portion of notes receivable is recognized when received. For accounts receivable, interest income is recognized based on the outstanding receivable balance over 30 days old, net of an allowance. • Rental revenues: The Company provides merchandise, consisting of consumer electronics, computers, residential furniture, appliances, and household accessories to its customers pursuant to rental-purchase agreements which provide for weekly, semi-monthly or monthly non-refundable rental payments. The average rental term is twelve to eighteen months and the Company maintains ownership of the lease merchandise until all payment obligations are satisfied under sales and lease ownership agreements. Customers have the option to purchase the leased goods at any point in the lease term. Customers can terminate the agreement at the end of any rental term without penalty. Therefore, rental transactions are accounted for as operating leases and rental revenue is recognized over the rental term. Cash received prior to the beginning of the lease term is recorded as deferred revenue. Revenue related to various payment, reinstatement or late fees are recognized when paid by the customer. The Company offers additional product plans along with rental agreements that provide customers with liability protection against significant damage or loss of a product, and club membership benefits, including various discount programs, product services and replacement benefits in the event merchandise is damaged or lost. Customers renew product plans in conjunction with their rental term renewals and can cancel the plans at any time. Revenue for product plans is recognized over the term of the plan. Leases The Company's lease portfolio primarily consists of leases for its retail store locations and office space. The Company also leases certain office equipment under finance leases. The finance lease right of use assets are included in Property, equipment and software and the finance lease liabilities are included in current installments of long-term obligations, and long-term obligations. The finance leases are immaterial to the financial statements. The Company subleases some of its real estate and equipment leases. The Company determines if an arrangement is a lease at inception by evaluating whether the arrangement conveys the right to use an identified asset and whether the Company obtains substantially all of the economic benefits from and has the ability to direct the use of the asset. Leases with an initial term of 12 months or less are not recorded on the condensed consolidated balance sheets; the Company recognizes expense for these leases on a straight-line basis over the lease term. For leases with an initial term in excess of 12 months, lease right-of-use assets and lease liabilities are recognized based on the present value of the future lease payments over the committed lease term at the lease commencement date. The Company’s leases do not provide an implicit rate; therefore, the Company uses its incremental borrowing rate and the information available at the lease commencement date in determining the present value of future lease payments. Most leases include one or more options to renew and the exercise of renewal options is at the Company’s sole discretion. The Company does not include renewal options in its determination of the lease term unless the renewals are deemed to be reasonably certain at lease commencement. Operating lease expense for lease payments is recognized on a straight-line basis over the lease term. The Company uses the long-lived assets impairment guidance in ASC Subtopic 360-10, “Property, Plant, and Equipment - Overall,” to determine whether a right-of-use asset is impaired, and if so, the amount of the impairment loss to recognize. The Company has lease agreements with lease and non-lease components, which the Company elects to combine as one lease component for all classes of underlying assets. Non-lease components include variable costs based on actual costs incurred by the lessor related to the payment of real estate taxes, common area maintenance, and insurance. These variable payments are expensed as incurred as variable lease costs. Due to the COVID-19 pandemic, the Company has been negotiating lease concessions with landlords. The lease concessions have been in the form of lease forgiveness, lease deferrals and lease deferrals with term extensions. If the total payments in the modified lease are substantially the same as or less than total payments in the original lease, the Company has elected to not evaluate whether the concession is a lease modification as defined in ASC 842 - "Leases". Deferred Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities, which are shown on the condensed consolidated balance sheets, are recognized for the future tax consequences attributable to the differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company has elected to classify interest charged on a tax settlement in interest expense, and accrued penalties, if any, in selling, general, and administrative expenses. The determination of the Company's provision for income taxes requires significant judgment, the use of estimates, and the interpretation and application of complex tax laws. Significant judgment is required in assessing the timing and amounts of deductible and taxable items. The Company records unrecognized tax benefit liabilities for known or anticipated tax issues based on an analysis of whether, and the extent to which, additional taxes will be due.
Use of Estimates		.
New Accounting Pronouncements, Policy		Accounting Pronouncements

Notes and Accounts Receivable (

Notes and Accounts Receivable (Tables)	6 Months Ended
	Jun. 27, 2020
Receivables [Abstract]
Schedule of activity in the allowance for doubtful accounts	Activity in the allowance for doubtful accounts for the three and six months ended June 27, 2020 and June 30, 2019 was as follows: Three Months Ended Six Months Ended (In thousands) June 27, 2020 June 30, 2019 June 27, 2020 June 30, 2019 Balance at beginning of period $ 9,170 $ 10,581 $ 9,985 $ 12,353 Provision for doubtful accounts 1,901 2,715 3,524 4,770 Write-offs and reduction from repurchases of franchises (449 ) (1,480 ) (2,750 ) (5,335 ) Foreign currency adjustment 56 44 (81 ) 72 Balance at end of period $ 10,678 $ 11,860 $ 10,678 $ 11,860

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jun. 27, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Changes in the carrying amount of goodwill for the six months ended June 27, 2020 and the transition period ended December 28, 2019 were as follows: (In thousands) June 27, 2020 December 28, 2019 Balance at beginning of period $ 134,301 $ 6,566 Acquisitions of assets from franchisees and third parties 326 3,658 Buddy's Acquisition — 75,038 Buddy's Partners Asset Acquisition — 7,217 A-Team Leasing Acquisition — 6,287 Sears Outlet Acquisition — 31,028 American Freight Acquisition 335,472 — Vitamin Shoppe Acquisition — 4,951 Disposals and foreign currency changes, net (1,108 ) (444 ) Purchase price reallocation (877 ) — Impairments (26 ) — Balance at end of period $ 468,088 $ 134,301
Schedule of the amortizable other intangible assets	Components of intangible assets as of June 27, 2020 and December 28, 2019 were as follows: June 27, 2020 (In thousands) Gross carrying amount Accumulated amortization Net carrying amount Tradenames (1) $ 94,149 $ (97 ) $ 94,052 Customer contracts 12,736 (2,011 ) 10,725 Franchise agreements [and non-compete agreements] 10,609 (1,045 ) 9,564 Customer lists 4,090 (2,618 ) 1,472 Reacquired rights 11,377 (2,963 ) 8,414 AD rights 40,948 (19,288 ) 21,660 Total intangible assets $ 173,909 $ (28,022 ) $ 145,887 (1) $70.2 million, $11.1 million and $12.0 million of tradenames were acquired in the American Freight Acquisition, Buddy's Acquisition and Vitamin Shoppe Acquisition, respectively. These tradenames have an indefinite life and they are tested for impairment on an annual basis. December 28, 2019 (In thousands) Gross carrying amount Accumulated amortization Net carrying amount Tradenames (1) $ 23,534 $ (72 ) $ 23,462 Customer contracts 12,736 (886 ) 11,850 Franchise agreements 10,609 (486 ) 10,123 Customer lists 4,338 (2,559 ) 1,779 Reacquired rights 11,577 (2,053 ) 9,524 AD rights 37,263 (16,411 ) 20,852 Total intangible assets $ 100,057 $ (22,467 ) $ 77,590

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 27, 2020
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The components of accumulated other comprehensive loss at June 27, 2020 and December 28, 2019 were as follows: (In thousands) June 27, 2020 December 28, 2019 Foreign currency adjustment $ (1,987 ) $ (1,496 ) Interest rate swap agreements, net of tax (122 ) (42 ) Forward contracts related to foreign currency exchange rates 6 — Total accumulated other comprehensive loss $ (2,103 ) $ (1,538 )
Schedule of computation of basic and diluted net income (loss) per share	the three and six months ended June 27, 2020 and June 30, 2019 is as follows: Three Months Ended Three Months Ended Common Stock Common Stock (In thousands, except for share and per Basic and diluted net loss per share: Numerator Allocation of undistributed loss attributable to Franchise Group $ (21,673 ) $ (5,255 ) Denominator Weighted-average common stock outstanding 34,972,364 14,062,766 Basic and diluted net loss per share $ (0.62 ) $ (0.37 ) Six Months Ended Six Months Ended Common Stock Common Stock (In thousands, except for share and per Basic net income per share: Numerator Allocation of undistributed income attributable to Franchise Group $ 37,866 $ 32,936 Denominator Weighted-average common stock outstanding 29,173,172 14,059,279 Basic net income per share $ 1.30 $ 2.34 Diluted net income per share: Numerator Allocation of undistributed earnings for basic computation $ 37,866 $ 32,936 Denominator Number of shares used in basic computation 29,173,172 14,059,279 Weighted-average effect of dilutive securities Employee stock options and restricted stock units 162,461 64,825 Weighted-average diluted shares outstanding 29,335,633 14,124,104 Diluted net income per share $ 1.29 $ 2.33

Stock Compensation Plans (Table

Stock Compensation Plans (Tables)	6 Months Ended
	Jun. 27, 2020
Share-based Payment Arrangement [Abstract]
Summary of information about stock options outstanding and exercisable	The following table summarizes information about stock options outstanding and exercisable at June 27, 2020 : Options Outstanding Options Exercisable Range of exercise prices Number Weighted average exercise price Weighted average remaining contractual life (in years) Number Weighted average exercise price $0.00 - $10.89 217,500 $ 8.77 4.7 154,166 $ 8.74 $10.90 - $12.79 201,687 11.98 3.7 131,945 12.01 419,187 $ 10.31 286,111 $ 10.25
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity	Restricted stock activity during the six months ended June 27, 2020 was as follows: Number of restricted stock units Weighted average fair value at grant date Balance at December 28, 2019 671,039 $ 14.00 Granted 279,839 24.80 Vested (21,081 ) 9.99 Canceled (14,763 ) 20.32 Balance at June 27, 2020 915,034 $ 17.29
Schedule of stock option activity	Stock option activity during the six months ended June 27, 2020 was as follows: Number of options Weighted average exercise price Outstanding at December 28, 2019 460,285 $ 10.28 Exercised (22,500 ) 8.30 Expired or forfeited (18,598 ) 11.93 Outstanding at June 27, 2020 419,187 $ 10.31
Schedule of nonvested (options that did not vest in the period in which granted) stock option activity	Nonvested stock options activity during the six months ended June 27, 2020 was as follows: Nonvested options Weighted average exercise price Outstanding at December 28, 2019 215,007 $ 10.11 Vested (63,333 ) 8.83 Expired or forfeited (18,598 ) 11.93 Outstanding at June 27, 2020 133,076 $ 10.46

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 27, 2020
Fair Value Disclosures [Abstract]
Schedule of the assets and liabilities that are measured at fair value on a recurring and nonrecurring basis, for each of the fair value hierarchy levels	The following tables present, for each of the fair value hierarchy levels, the assets and liabilities that are measured at fair value on a recurring and nonrecurring basis at June 27, 2020 and December 28, 2019 . June 27, 2020 Fair value measurements using (In thousands) Total Level 1 Level 2 Level 3 Assets: Recurring assets: Cash equivalents $ 537 $ 537 $ — $ — Forward contract related to foreign currency exchange rates 61 — — 61 Total recurring assets 598 537 — 61 Nonrecurring assets: Impaired accounts and notes receivable, net of unrecognized revenue and allowance 10,959 — — 10,959 Total nonrecurring assets 10,959 — — 10,959 Total recurring and nonrecurring assets $ 11,557 $ 537 $ — $ 11,020 Liabilities: Recurring liabilities: Contingent consideration included in obligations due former ADs, franchisees and others $ 594 $ — $ — $ 594 Interest rate swap agreement 169 — 169 — Total recurring liabilities $ 763 $ — $ 169 $ 594 December 28, 2019 Fair value measurements using (In thousands) Total Level 1 Level 2 Level 3 Assets: Recurring assets: Cash equivalents $ 4,253 $ 4,253 $ — $ — Total recurring assets 4,253 4,253 — — Nonrecurring assets: Impaired accounts and notes receivable, net of unrecognized revenue 7,310 — — 7,310 Total nonrecurring assets 7,310 — — 7,310 Total recurring and nonrecurring assets $ 11,563 $ 4,253 $ — $ 7,310 Liabilities: Recurring liabilities: Contingent consideration included in obligations due to former ADs, franchisees and others $ 916 $ — $ — $ 916 Interest rate swap agreement 58 — 58 — Total recurring liabilities $ 974 $ — $ 58 $ 916

Organization and Significant _3

Organization and Significant Accounting Policies (Details) - USD ($)	3 Months Ended		6 Months Ended		8 Months Ended
	Jun. 27, 2020	Jun. 30, 2019	Jun. 27, 2020	Jun. 30, 2019	Dec. 28, 2019	Mar. 28, 2020	Apr. 01, 2019	Jan. 31, 2019
Geographical concentration
Deferred Revenue	$ 35,982,000		$ 35,982,000		$ 10,519,000
Income Taxes Receivable, Current					3,356	$ 56,383
Intangible Assets, Net (Excluding Goodwill)	145,887,000		145,887,000		77,590,000
Assets	1,883,631,000		1,883,631,000		1,298,545,000
Deferred Revenue, Current	38,008,000		38,008,000		16,409,000
Liabilities	1,592,922,000		1,592,922,000		1,146,784,000
Retained Earnings (Accumulated Deficit)	42,935,000		42,935,000		18,388,000
Stockholders' Equity Attributable to Parent	290,709,000		290,709,000		125,391,000
Liabilities and Equity	1,883,631,000		1,883,631,000		1,298,545,000
General and Administrative Expense	217,264,000	$ 29,482,000	469,476,000	$ 70,447,000
Operating Expenses	501,055,000	29,482,000	1,047,782,000	70,447,000
Operating Income (Loss)	11,572,000	(5,662,000)	57,411,000	49,211,000	$ 49,211,000
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	(20,060,000)	(6,183,000)	(4,031,000)	47,642,000
Income Tax Expense (Benefit)	1,882,000	(928,000)	(43,987,000)	14,706,000
Net Income (Loss) Attributable to Parent	(21,942,000)	(5,255,000)	39,956,000	32,936,000
Cumulative Effect of New Accounting Principle in Period of Adoption							$ 322,000	$ 322,000
New Deferrals of Franchise and AD Fees	27,413,000		36,300,000
Revenues	$ 512,627,000	$ 23,820,000	$ 1,105,193,000	$ 119,658,000

Acquisition (Details)

Acquisition (Details) - USD ($)	Feb. 14, 2020	Dec. 16, 2019	Oct. 23, 2019	Jun. 27, 2020	Jun. 30, 2019	Jun. 27, 2020	Jun. 30, 2019	Mar. 28, 2020	Dec. 28, 2019
Business Combination, Separately Recognized Transactions, Revenues and Gains Recognized				$ 512,627	$ 539,814,000	$ 1,153,824	$ 1,218,208,000
Revenues				512,627,000	23,820,000	1,105,193,000	119,658,000
Net Income (Loss) Attributable to Parent				(21,942,000)	(5,255,000)	39,956,000	32,936,000
Acquisition Costs, Cumulative				9.9		9.9
Goodwill				468,088,000		468,088,000			$ 134,301,000
Long-term Debt, Current Maturities				203,490,000		203,490,000			218,384,000
Long-term Debt, Excluding Current Maturities				537,148,000		537,148,000			$ 245,236,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net				357,263		357,263
Business Combination, Separately Recognized Transactions, Expenses and Losses Recognized				(14,226)	$ (9,715,000)	56,921	$ 38,395,000
Vitamin Shoppe [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets				615,738		615,738
Sears Outlet [Member]
Business Combination, Consideration Transferred			$ 128.8
American Freight [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents				3,840		3,840
Adjustment, Lease Right of Use				11.5		11.5
Noncash or Part Noncash Acquisition, Investments Acquired						70,200
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other				3,284		3,284
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory				99,200		99,200
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment				11,032		11,032
Goodwill				335,474		335,474
Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Right-Of-Use Asset				91,101		91,101
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets				1,607		1,607
Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Operating Lease, Liability, Current				17,242		17,242
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable				44,696		44,696
Other Accrued Liabilities				26,451		26,451
Long-term Debt, Current Maturities				3,210		3,210
Long-term Debt, Excluding Current Maturities				93,975		93,975
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities				11,451		11,451
Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Operating Lease, Liability, Noncurrent				61,450		61,450
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities				258,475		258,475
Buddy's [Member]
Business Combination, Consideration Transferred			$ 122
Goodwill, Period Increase (Decrease)						1.5
American Freight [Member]
Business Combination, Consideration Transferred	$ 357.3
Leasehold Improvements [Member] | Vitamin Shoppe [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment								$ 7.6
Furniture, Fixtures, And Equipment [Member] | Vitamin Shoppe [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment				2.2		2.2
Software [Member] | Vitamin Shoppe [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment				1.1		1.1
Construction in Progress [Member] | Vitamin Shoppe [Member]
Machinery and Equipment, Gross				$ 0.2		0.2
Vitamin Shoppe [Member]
Business Combination, Consideration Transferred		$ 161.8
Goodwill, Period Increase (Decrease)						5
Sears Outlet [Member]
Goodwill, Period Increase (Decrease)						2.5
American Freight [Member]
Indefinite-lived Intangible Assets Acquired						$ 70.2

Accounts and Notes Receivables

Accounts and Notes Receivables (Details) - USD ($)	3 Months Ended
	Mar. 28, 2020	Dec. 28, 2019	Mar. 31, 2019
Schedule of Activity Related to Notes Receivable
Accounts and Other Receivables, Net, Current	$ 46,323	$ 44,333
Activity related to notes receivable
Notes Receivable, Related Parties, Current	16,646	37,994
interest receivable, current, net	2,477	3,132
Income Taxes Receivable, Current	56,383	3,356
Allowance for Doubtful Other Receivables, Current	(9,972)	(9,122)
Total Receivables, Current, Net	111,857	79,693
Notes Receivable, Related Parties, Noncurrent	15,811	19,501
Allowance for Doubtful Accounts, non-current	(706)	(863)
Receivables, net, non-current	15,105	18,638
Receivables, Fair Value Disclosure	126,962	$ 98,331
Notes Receivable [Member]
Schedule of Activity Related to Notes Receivable
Financing Receivable, Nonaccrual	$ 11,100,000		$ 8.5
Franchise-related notes
Activity related to notes receivable
Notes Receivable	5 years
Interest rate (as a percent)	12.00%
Working capital and equipment notes
Activity related to notes receivable
Notes Receivable	1 year

Accounts and Notes Receivable A

Accounts and Notes Receivable Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 27, 2020	Jun. 30, 2019	Jun. 27, 2020	Jun. 30, 2019	Mar. 28, 2020	Dec. 28, 2019	Mar. 31, 2019	Dec. 31, 2018
Financing Receivable, Allowance for Credit Loss [Line Items]
Accounts and Notes Receivable Gross					$ 81,257
Allowance for Doubtful Accounts Receivable Additions Charged to Expenses	$ 1,901	$ 2,715	$ 3,524	$ 4,770
Accounts Receivable, Allowance for Credit Loss, Writeoff	(449)	(1,480)	(2,750)	(5,335)
Allowance for Doubtful Accounts Receivable Foreign Currency Adjustment	56	44	(81)	72
Accounts Receivable, Allowance for Credit Loss	$ 10,678	$ 11,860	$ 10,678	$ 11,860	9,170	$ 9,985	$ 10,581	$ 12,353
Notes Receivable [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Accounts and Notes Receivable Gross					34,934
Trade Accounts Receivable [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Accounts and Notes Receivable Gross					$ 46,323

Analysis of Past Due Receivable

Analysis of Past Due Receivables (Details) - USD ($)	3 Months Ended			6 Months Ended
	Jun. 27, 2020	Mar. 28, 2020	Jun. 30, 2019	Jun. 27, 2020	Jun. 30, 2019	Dec. 28, 2019	Mar. 31, 2019	Dec. 31, 2018
Aging of accounts and notes receivable
Accounts Receivable, Allowance for Credit Loss	$ 10,678,000	$ 9,170,000	$ 11,860,000	$ 10,678,000	$ 11,860,000	$ 9,985,000	$ 10,581,000	$ 12,353,000
Past due		39,627,000
Interest receivable, net		39,153,000
Financing Receivable Allowance for Uncollected Interest		2,477,000
Financing Receivable Allowance for Uncollected Interest		(2,500,000)
Accounts and Notes Receivable Gross		81,257,000
Allowance for Doubtful Accounts Receivable Additions Charged to Expenses	1,901,000		2,715,000	3,524,000	4,770,000
Accounts Receivable, Allowance for Credit Loss, Writeoff	(449,000)		(1,480,000)	(2,750,000)	(5,335,000)
Allowance for Doubtful Accounts Receivable Foreign Currency Adjustment	$ 56,000		$ 44,000	$ (81,000)	$ 72,000
Accounts receivable
Aging of accounts and notes receivable
Past due		28,494,000
Interest receivable, net		17,829,000
Financing Receivable Allowance for Uncollected Interest		0
Accounts and Notes Receivable Gross		$ 46,323,000
Past due period		30 days
Notes receivable
Aging of accounts and notes receivable
Past due		$ 11,133,000
Interest receivable, net		21,324,000
Financing Receivable Allowance for Uncollected Interest		2,477,000
Accounts and Notes Receivable Gross		$ 34,934,000
Past due period		90 days
Financing Receivable, Nonaccrual		$ 11,100,000					$ 8.5

Revenue Revenue (Details)

Revenue Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 27, 2020	Jun. 30, 2019	Jun. 27, 2020	Jun. 30, 2019	Dec. 28, 2019
Revenues	$ 512,627	$ 23,820	$ 1,105,193	$ 119,658
Lease Income	17,176	0	33,596	0
Financing Receivable, before Allowance for Credit Loss	32,457		32,457		$ 57,495
Deferred Revenue	35,982		35,982		$ 10,519
Vitamin Shoppe [Member]
Revenues	237,735	0	513,622	0
Lease Income	0	0	0	0
American Freight [Member]
Revenues	234,427	0	437,174	0
Lease Income	0	0	0	0
Liberty Tax [Member]
Revenues	15,073	23,820	104,692	119,658
Lease Income	0	0	0	0
Buddy's [Member]
Revenues	25,392	0	49,705	0
Lease Income	17,176	0	33,596	0
Product [Member]
Revenues	466,709	0	940,214	0
Product [Member] | Vitamin Shoppe [Member]
Revenues	237,735	0	513,622	0
Product [Member] | American Freight [Member]
Revenues	227,253	0	423,353	0
Product [Member] | Liberty Tax [Member]
Revenues	0	0	0	0
Product [Member] | Buddy's [Member]
Revenues	1,721	0	3,239	0
Franchise [Member] | Vitamin Shoppe [Member]
Revenues	0	0	0	0
Franchise [Member] | American Freight [Member]
Revenues	0	0	0	0
Franchise [Member] | Liberty Tax [Member]
Revenues	221	1,151	727	1,493
Franchise [Member] | Buddy's [Member]
Revenues	13	0	13	0
Area Developer [Member] | Vitamin Shoppe [Member]
Revenues	0	0	0	0
Area Developer [Member] | American Freight [Member]
Revenues	0	0	0	0
Area Developer [Member] | Liberty Tax [Member]
Revenues	448	786	1,469	1,698
Area Developer [Member] | Buddy's [Member]
Revenues	0	0	0	0
Royalties and Advertising [Member] | Vitamin Shoppe [Member]
Revenues	0	0	0	0
Royalties and Advertising [Member] | American Freight [Member]
Revenues	0	0	0	0
Royalties and Advertising [Member] | Liberty Tax [Member]
Revenues	6,616	11,676	48,065	60,897
Royalties and Advertising [Member] | Buddy's [Member]
Revenues	2,406	0	4,829	0
Financial Service [Member] | Vitamin Shoppe [Member]
Revenues	0	0	0	0
Financial Service [Member] | American Freight [Member]
Revenues	0	0	0	0
Financial Service [Member] | Liberty Tax [Member]
Revenues	2,433	4,025	29,872	32,875
Financial Service [Member] | Buddy's [Member]
Revenues	0	0	0	0
Interest Income [Member] | Vitamin Shoppe [Member]
Revenues	0	0	0	0
Interest Income [Member] | American Freight [Member]
Revenues	333	0	672	0
Interest Income [Member] | Liberty Tax [Member]
Revenues	943	1,594	2,898	4,829
Interest Income [Member] | Buddy's [Member]
Revenues	0	0	0	0
Assisted Tax Preparation [Member] | Vitamin Shoppe [Member]
Revenues	0	0	0	0
Assisted Tax Preparation [Member] | American Freight [Member]
Revenues	0	0	0	0
Assisted Tax Preparation [Member] | Liberty Tax [Member]
Revenues	2,667	2,814	14,917	11,990
Assisted Tax Preparation [Member] | Buddy's [Member]
Revenues	0	0	0	0
Electronic Filing [Member] | Vitamin Shoppe [Member]
Revenues	0	0	0	0
Electronic Filing [Member] | American Freight [Member]
Revenues	0	0	0	0
Electronic Filing [Member] | Liberty Tax [Member]
Revenues	371	567	2,400	2,945
Electronic Filing [Member] | Buddy's [Member]
Revenues	0	0	0	0
Membership [Member] | Vitamin Shoppe [Member]
Revenues	0	0	0	0
Membership [Member] | American Freight [Member]
Revenues	0	0	0	0
Membership [Member] | Liberty Tax [Member]
Revenues	0	0	0	0
Membership [Member] | Buddy's [Member]
Revenues	3,369	0	6,689	0
Warranty [Member] | Vitamin Shoppe [Member]
Revenues	0		0
Warranty [Member] | American Freight [Member]
Revenues	4,727		8,979
Warranty [Member] | Liberty Tax [Member]
Revenues	0		0
Warranty [Member] | Buddy's [Member]
Revenues	0		0
Service, Other [Member] | Vitamin Shoppe [Member]
Revenues	0	0	0	0
Service, Other [Member] | American Freight [Member]
Revenues	2,114	0	4,170	0
Service, Other [Member] | Liberty Tax [Member]
Revenues	1,374	1,207	4,344	2,931
Service, Other [Member] | Buddy's [Member]
Revenues	707	0	1,339	0
Service [Member]
Revenues	28,742	23,820	131,383	119,658
Service [Member] | Vitamin Shoppe [Member]
Revenues	0	0	0	0
Service [Member] | American Freight [Member]
Revenues	7,174	0	13,821	0
Service [Member] | Liberty Tax [Member]
Revenues	15,073	23,820	104,692	119,658
Service [Member] | Buddy's [Member]
Revenues	6,495	0	12,870	0
Retail [Member] | Vitamin Shoppe [Member]
Revenues	237,735	0	513,622	0
Retail [Member] | American Freight [Member]
Revenues	227,253	0	423,353	0
Retail [Member] | Liberty Tax [Member]
Revenues			0	0
Retail [Member] | Buddy's [Member]
Revenues	$ 1,721	$ 0	$ 3,239	$ 0

Revenue Revenue (Details 1)

Revenue Revenue (Details 1) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 27, 2020	Jun. 27, 2020	Mar. 28, 2020	Dec. 28, 2019
Revenue Recognition and Deferred Revenue [Abstract]
Deferred AD Fees and Franchise Fees at beginning of period	$ 35,982	$ 35,982	$ 23,838	$ 10,519
Recognition of Deferred Revenue	(16,809)	(24,996)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Deferred Revenue	1,540	14,159
New Deferrals of Franchise and AD Fees	$ 27,413	$ 36,300

Revenue Revenue (Details 2)

Revenue Revenue (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 27, 2020	Jun. 30, 2019	Jun. 27, 2020	Jun. 30, 2019
Revenues	$ 512,627	$ 23,820	$ 1,105,193	$ 119,658
Lease Income	17,176	0	33,596	0
Product [Member]
Revenues	466,709	0	940,214	0
Service [Member]
Revenues	28,742	23,820	131,383	119,658
Vitamin Shoppe [Member]
Revenues	237,735	0	513,622	0
Lease Income	0	0	0	0
Vitamin Shoppe [Member] | Product [Member]
Revenues	237,735	0	513,622	0
Vitamin Shoppe [Member] | Franchise [Member]
Revenues	0	0	0	0
Vitamin Shoppe [Member] | Area Developer [Member]
Revenues	0	0	0	0
Vitamin Shoppe [Member] | Royalties and Advertising [Member]
Revenues	0	0	0	0
Vitamin Shoppe [Member] | Financial Service [Member]
Revenues	0	0	0	0
Vitamin Shoppe [Member] | Interest Income [Member]
Revenues	0	0	0	0
Vitamin Shoppe [Member] | Assisted Tax Preparation [Member]
Revenues	0	0	0	0
Vitamin Shoppe [Member] | Electronic Filing [Member]
Revenues	0	0	0	0
Vitamin Shoppe [Member] | Membership [Member]
Revenues	0	0	0	0
Vitamin Shoppe [Member] | Service, Other [Member]
Revenues	0	0	0	0
Vitamin Shoppe [Member] | Service [Member]
Revenues	0	0	0	0
Vitamin Shoppe [Member] | Retail [Member]
Revenues	237,735	0	513,622	0
American Freight [Member]
Revenues	234,427	0	437,174	0
Lease Income	0	0	0	0
American Freight [Member] | Product [Member]
Revenues	227,253	0	423,353	0
American Freight [Member] | Franchise [Member]
Revenues	0	0	0	0
American Freight [Member] | Area Developer [Member]
Revenues	0	0	0	0
American Freight [Member] | Royalties and Advertising [Member]
Revenues	0	0	0	0
American Freight [Member] | Financial Service [Member]
Revenues	0	0	0	0
American Freight [Member] | Interest Income [Member]
Revenues	333	0	672	0
American Freight [Member] | Assisted Tax Preparation [Member]
Revenues	0	0	0	0
American Freight [Member] | Electronic Filing [Member]
Revenues	0	0	0	0
American Freight [Member] | Membership [Member]
Revenues	0	0	0	0
American Freight [Member] | Service, Other [Member]
Revenues	2,114	0	4,170	0
American Freight [Member] | Service [Member]
Revenues	7,174	0	13,821	0
American Freight [Member] | Retail [Member]
Revenues	227,253	0	423,353	0
Liberty Tax [Member]
Revenues	15,073	23,820	104,692	119,658
Lease Income	0	0	0	0
Liberty Tax [Member] | Product [Member]
Revenues	0	0	0	0
Liberty Tax [Member] | Franchise [Member]
Revenues	221	1,151	727	1,493
Liberty Tax [Member] | Area Developer [Member]
Revenues	448	786	1,469	1,698
Liberty Tax [Member] | Royalties and Advertising [Member]
Revenues	6,616	11,676	48,065	60,897
Liberty Tax [Member] | Financial Service [Member]
Revenues	2,433	4,025	29,872	32,875
Liberty Tax [Member] | Interest Income [Member]
Revenues	943	1,594	2,898	4,829
Liberty Tax [Member] | Assisted Tax Preparation [Member]
Revenues	2,667	2,814	14,917	11,990
Liberty Tax [Member] | Electronic Filing [Member]
Revenues	371	567	2,400	2,945
Liberty Tax [Member] | Membership [Member]
Revenues	0	0	0	0
Liberty Tax [Member] | Service, Other [Member]
Revenues	1,374	1,207	4,344	2,931
Liberty Tax [Member] | Service [Member]
Revenues	15,073	23,820	104,692	119,658
Liberty Tax [Member] | Retail [Member]
Revenues			0	0
Buddy's [Member]
Revenues	25,392	0	49,705	0
Lease Income	17,176	0	33,596	0
Buddy's [Member] | Product [Member]
Revenues	1,721	0	3,239	0
Buddy's [Member] | Franchise [Member]
Revenues	13	0	13	0
Buddy's [Member] | Area Developer [Member]
Revenues	0	0	0	0
Buddy's [Member] | Royalties and Advertising [Member]
Revenues	2,406	0	4,829	0
Buddy's [Member] | Financial Service [Member]
Revenues	0	0	0	0
Buddy's [Member] | Interest Income [Member]
Revenues	0	0	0	0
Buddy's [Member] | Assisted Tax Preparation [Member]
Revenues	0	0	0	0
Buddy's [Member] | Electronic Filing [Member]
Revenues	0	0	0	0
Buddy's [Member] | Membership [Member]
Revenues	3,369	0	6,689	0
Buddy's [Member] | Service, Other [Member]
Revenues	707	0	1,339	0
Buddy's [Member] | Service [Member]
Revenues	6,495	0	12,870	0
Buddy's [Member] | Retail [Member]
Revenues	$ 1,721	$ 0	$ 3,239	$ 0

Revenue Revenue 3 (Details)

Revenue Revenue 3 (Details) $ in Thousands	Mar. 28, 2020USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-12-26
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 32,511
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-12-25
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	1,463
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-12-24
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	913
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-12-30
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	430
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-12-28
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	169
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-12-27
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	496
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: (nil)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 35,982

Changes in the Carrying Amount

Changes in the Carrying Amount of Goodwill (Details) - USD ($) $ in Thousands	6 Months Ended	8 Months Ended
	Jun. 27, 2020	Dec. 28, 2019
Finite-Lived Intangible Assets [Line Items]
Goodwill Impairments, Gross	$ 468,088	$ 134,301
Goodwill, Purchase Accounting Adjustments	(26)
Impairment of Intangible Assets (Excluding Goodwill)	877
ERROR in label resolution.	173,909	100,057
Goodwill, Balance at Beginning of Period	134,301	6,566
Goodwill, Disposals and foreign currency changes, net	(1,108)	(444)
Disposals and foreign currency changes, net	468,088	134,301
Finite-Lived Intangible Assets, Accumulated Amortization	(28,022)	(22,467)
Intangible Assets, Net (Excluding Goodwill)	145,887	77,590
Goodwill, Balance at End of Period		134,301
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
ERROR in label resolution.	94,149	23,534
Finite-Lived Intangible Assets, Accumulated Amortization	(97)	(72)
Intangible Assets, Net (Excluding Goodwill)	94,052	23,462
Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
ERROR in label resolution.		10,609
Finite-Lived Intangible Assets, Accumulated Amortization		(486)
Intangible Assets, Net (Excluding Goodwill)		10,123
Customer Contracts [Member]
Finite-Lived Intangible Assets [Line Items]
ERROR in label resolution.	12,736	12,736
Finite-Lived Intangible Assets, Accumulated Amortization	(2,011)	(886)
Intangible Assets, Net (Excluding Goodwill)	10,725	11,850
Franchise And Third Party [Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill, Acquired in Acquisition	326	3,658
Buddy's [Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill, Acquired in Acquisition	0	75,038
Sears Outlet [Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill, Acquired in Acquisition	0	31,028
A-Team Leasing [Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill, Acquired in Acquisition	0	6,287
Buddy's Partners [Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill, Acquired in Acquisition	0	7,217
Buddy's [Member]
Finite-Lived Intangible Assets [Line Items]
Disposals and foreign currency changes, net	335,472	0
Vitamin Shoppe [Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill, Acquired in Acquisition	$ 0	$ 4,951

Components of Intangible Assets

Components of Intangible Assets (Details) - USD ($)	6 Months Ended	8 Months Ended
	Jun. 27, 2020	Dec. 28, 2019
Amortizable other intangible assets:
Goodwill, Acquired During Period	$ 468,088,000	$ 134,301,000
Gross carrying amount	173,909,000	100,057,000
Accumulated amortization	(28,022,000)	(22,467,000)
Net carrying amount	145,887,000	77,590,000
Trade Names [Member]
Amortizable other intangible assets:
Gross carrying amount	94,149,000	23,534,000
Accumulated amortization	(97,000)	(72,000)
Net carrying amount	94,052,000	23,462,000
Franchise Agreements [Member]
Amortizable other intangible assets:
Gross carrying amount	10,609,000
Accumulated amortization	(1,045,000)
Net carrying amount	9,564,000
Noncompete Agreements [Member]
Amortizable other intangible assets:
Gross carrying amount		10,609,000
Accumulated amortization		(486,000)
Net carrying amount		10,123,000
Customer lists
Amortizable other intangible assets:
Gross carrying amount	4,090,000	4,338,000
Accumulated amortization	(2,618,000)	(2,559,000)
Net carrying amount	1,472,000	1,779,000
Reacquired rights
Amortizable other intangible assets:
Gross carrying amount	11,377,000	11,577,000
Accumulated amortization	(2,963,000)	(2,053,000)
Net carrying amount	8,414,000	9,524,000
Area developer rights
Amortizable other intangible assets:
Gross carrying amount	40,948,000	37,263,000
Accumulated amortization	(19,288,000)	(16,411,000)
Net carrying amount	21,660,000	20,852,000
Customer Contracts [Member]
Amortizable other intangible assets:
Gross carrying amount	12,736,000	12,736,000
Accumulated amortization	(2,011,000)	(886,000)
Net carrying amount	10,725,000	11,850,000
American Freight [Member]
Amortizable other intangible assets:
Goodwill, Acquired During Period	335,472,000	0
American Freight [Member]
Amortizable other intangible assets:
Indefinite-lived Intangible Assets Acquired	70.2
Buddy's [Member]
Amortizable other intangible assets:
Indefinite-lived Intangible Assets Acquired	12	12
Buddy's [Member]
Amortizable other intangible assets:
Indefinite-lived Intangible Assets Acquired	$ 11.1	$ 11.1

Debt (Details)

Debt (Details) - USD ($)	Dec. 16, 2019	Jun. 27, 2020	Mar. 28, 2020	Feb. 14, 2020	Feb. 07, 2020	Dec. 28, 2019	Oct. 02, 2019	May 16, 2019
Credit facility
Secured Long-term Debt, Noncurrent	$ 70
Deferred AD Fees and Franchise Fees at beginning of period		$ 35,982,000	$ 23,838,000			$ 10,519,000
Interest Rate Margin		6.50%
Line of Credit Facility, Current Borrowing Capacity		$ 135
line of credit, sub-facility		10
Line of Credit Facility, Swingline, Sub-Facility		20
Current Installments of Long-Term Obligation		203,490,000				218,384,000
Long-term obligations, excluding current installments, net		$ 537,148,000				245,236,000
Debt Instrument, Commitment Fee, Rate		6.00%
Interest, Mortgage Payable	1.85%
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid	$ 0.8
Long-term Debt and Lease Obligation, Including Current Maturities		$ 740,638,000				463,620,000
Line of Credit Facility, Availability Block	10
Additional Amortization Cost		3.1
Principal Amount Outstanding on Loans Securitized or Asset-backed Financing Arrangement	25
Loans [Member]
Credit facility
Long-term Debt, Gross		575
FGNH First Out Tranche [Member]
Credit facility
Loans Payable to Bank, Noncurrent		$ 375
Interest Rate Margin		8.00%
FGNH First Out Tranche [Member] | ABR Loan Rate [Member]
Credit facility
Interest Rate Margin		7.00%
FGNH Last Out Tranche [Member] [Member]
Credit facility
Loans Payable to Bank, Noncurrent		$ 200
Interest Rate Margin		12.50%
Derivative, Floor Interest Rate		1.50%
FGNH Last Out Tranche [Member] [Member] | ABR Loan Rate [Member]
Credit facility
Interest Rate Margin		11.50%
Second Amendment ABR Loan Base Rate Floor [Member]
Credit facility
Interest Rate Margin		6.50%
FGNH Credit Agreement [Member]
Credit facility
Credit Agreement, Installment Payments		$ 6.25
Consolidated Excess Cash Flow, Percentage		50.00%
Line of Credit Facility, Current Borrowing Capacity				$ 100
Debt Instrument, Debt Default, Additional Interest May Be Required to Pay if Events of Default Occur, Percent		2.00%
FGNH ABL Term Loan [Member]
Credit facility
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage		2.00%
Total debt				$ 100
Debt Instrument, Debt Default, Additional Interest May Be Required to Pay if Events of Default Occur, Percent		2.00%
one-month London Inter-Bank Offered Rate (LIBOR)
Credit facility
Interest Rate Margin		7.50%
Derivative, Floor Interest Rate		1.50%
Commitments to Extend Credit [Member]
Credit facility
Line of Credit Facility, Current Borrowing Capacity		$ 100
Loan Participations and Assignments [Member]
Credit facility
Total debt		5.3
Debt [Member]
Credit facility
Prepayment of Debt		$ 12.5
Debt Prepayment Penalty [Domain]
Credit facility
Debt Instrument, Prepayment Penalty, Percent		2.00%
Late Payment Fee Percentage [Member]
Credit facility
Debt Instrument, Prepayment Penalty, Percent		0.50%
Senior Notes Repurchase, Amount [Member]
Credit facility
Total debt					$ 60.4
ABR Loan Base Rate Floor [Member]
Credit facility
Interest Rate Margin		5.50%
Loans Receivable, Basis Spread on Variable Rate		2.50%
Derivative, Floor Interest Rate		2.50%
Revolver
Credit facility
Total debt		$ 158,500,000				129,260,000
Term loan
Credit facility
Total debt		577,126,000				268,660,000
SEC Schedule, 12-09, Allowance, Franchise Notes Receivable [Member]
Credit facility
Total debt		1,882,000				1,661,000
Other debt
Credit facility
Total debt		1,758,000				1,825,000
Senior Notes [Member]
Credit facility
Total debt		0			$ 60.6	60,439,000
Finance Lease Liability [Member]
Credit facility
Total debt		1,372,000				$ 1,775,000
Credit facility | Vitamin Shoppe Credit Agreement [Member]
Credit facility
Debt Instrument, Periodic Payment	$ 4.25
Debt Instrument, Debt Default, Additional Interest May Be Required to Pay if Events of Default Occur, Percent	3.00%
Payment for Debt Extinguishment or Debt Prepayment Cost	$ 12.5
Credit facility | Vitamin Shoppe Credit Agreement [Member] | one-month London Inter-Bank Offered Rate (LIBOR)
Credit facility
Interest rate margin (as a percent)	9.00%
Debt Instrument, Basis Spread on Variable Rate, Floor	2.00%
Credit facility | Sears Outlet Credit Agreement [Member]
Credit facility
Consolidated Excess Cash Flow, Percentage	60.00%
Credit facility | Vitamin Shoppe Credit Facility [Member]
Credit facility
Line of Credit Facility, Current Borrowing Capacity	$ 100	$ 575
Debt Instrument, Debt Default, Additional Interest May Be Required to Pay if Events of Default Occur, Percent	2.00%
Credit facility | Vitamin Shoppe Credit Facility [Member] | one-month London Inter-Bank Offered Rate (LIBOR)
Credit facility
Interest rate margin (as a percent)	1.25%
Debt Instrument, Basis Spread on Variable Rate, Floor	0.00%
Credit facility | Vitamin Shoppe Credit Facility [Member] | London Interback Offered Rate (LIBOR) High Range [Member]
Credit facility
Interest rate margin (as a percent)	1.75%
Credit facility | Vitamin Shoppe Credit Facility [Member] | Alternate Base Rate [Member]
Credit facility
Interest rate margin (as a percent)	0.25%
Debt Instrument, Basis Spread on Variable Rate, Floor	1.00%
Credit facility | Vitamin Shoppe Credit Facility [Member] | Alternate Base Rate High [Member]
Credit facility
Interest rate margin (as a percent)	0.75%
Credit facility | Liberty Tax [Member]
Credit facility
Maximum borrowing capacity							$ 125	$ 135

Income Taxes Income Taxes (Deta

Income Taxes Income Taxes (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 27, 2020	Jun. 30, 2019	Jun. 27, 2020	Jun. 30, 2019
Income Tax Expense (Benefit)	$ 1,882,000	$ (928,000)	$ (43,987,000)	$ 14,706,000
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Percent		30.90%	1091.20%
Current Income Tax Expense (Benefit)			$ 44
Effective Income Tax Rate Reconciliation, Deduction, Percent	(9.40%)	15.00%
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount			$ 45.3
Tax Receivable Agreement, Payment to Non-controlling Holders			40.00%
Deferred Tax Liability Not Recognized, Events that Would Cause Temporary Difference to be Taxable, Undistributed Earnings of Domestic Subsidiaries			$ 11,400,000
Tax Basis Increase [Member]
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount			24.2
CARES Act, Income Tax Benefit [Member]
Current Income Tax Expense (Benefit)			$ 45.6
Income Tax Benefit, Recognized [Member]
Income Tax Expense (Benefit)				$ 14.7
Investor Shares purchased [Member]
Stock Repurchased During Period, Shares			5,495,606
Tax Receivable Agreement [Member]
Deferred Tax Liabilities, Deferred Expense	$ 9.7		$ 9.7
Deferred Tax Liabilities, Gross	$ 17.2		$ 17.2

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($)	Feb. 07, 2020	Jun. 27, 2020	Mar. 28, 2020	Jun. 30, 2019	Jun. 27, 2020	Jun. 30, 2019	Dec. 28, 2019	Feb. 14, 2020	Jan. 03, 2020
Stockholders' Equity
Adjustment to APIC, Share-based Compensation, Requisite Service Period Recognition		$ 1,817,000		$ 639,000	$ 4,265,000	$ 1,028,000
Weighted Average Number of Shares Outstanding, Basic		34,972,364		14,062,766	29,173,172	14,059,279
Stock Redeemed or Called During Period, Shares			3,937,726
Preferred Stock, redeemed for Common, Shares			787,545
Weighted Average Number of Shares Outstanding, Diluted		34,972,364		14,062,766	29,335,633	14,124,104
Earnings Per Share, Diluted		$ (0.62)		$ (0.37)	$ 1.29	$ 2.33
Proceeds from Stock Options Exercised					$ 187,000	$ 153,000
Unrealized Gain (Loss) on Derivatives					(122,000)		$ (42,000)
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax		$ (1,987,000)			(1,987,000)		(1,496,000)
Stock-based compensation expense - equity awards					4,339,000	$ 1,047,000
Accumulated Other Comprehensive Income (Loss), Net of Tax		$ (2,103,000)			$ (2,103,000)		(1,538,000)
Antidilutive securities
Adjustments to Additional Paid in Capital, Other			$ 10
Earnings Per Share, Basic		$ (0.62)		$ (0.37)	$ 1.30	$ 2.34
Class A common stock
Stockholders' Equity
Net Income (Loss) Available to Common Stockholders, Basic		$ (21,673,000)		$ (5,255,000)	$ 37,866,000	$ 32,936,000
Adjustment to APIC, Share-based Compensation, Requisite Service Period Recognition		15,000		$ 51,000	$ 18,000	$ 1,000
Weighted Average Number of Shares Outstanding, Basic					29,173,172	14,059,279
Weighted Average Number of Shares Outstanding, Diluted				14,124,104	29,335,633
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements					162,461	64,825
Common Stock, Value, Issued		352,000			$ 352,000		$ 183,000
net income (loss) available to common shareholders, basic and diluted		$ (21,673,000)		$ (5,255,000)
Earnings Per Share, Basic and Diluted		$ (0.62)		$ (0.37)
Weighted Average Number of Shares Outstanding, Basic and Diluted		34,972,364		14,062,766
Antidilutive securities
Net Income (Loss) Available to Common Stockholders, Diluted					$ 37,866,000	$ 32,936,000
Vitamin Shoppe [Member]
Stockholders' Equity
Common Stock, Shares Subscribed but Unissued									2,354,000
Common Stock, Par or Stated Value Per Share									$ 0.01
Antidilutive securities
Share Price									$ 12
Common Stock, Value, Subscriptions									$ 28.2
Investor Shares purchased [Member]
Stockholders' Equity
Common Stock, Shares Subscribed but Unissued	3,877,965
Equity Unit Purchase Agreements [Member]
Antidilutive securities
Common Stock, Value, Subscriptions	$ 65.9
Fair Value Measured at Net Asset Value Per Share [Member]
Antidilutive securities
Business Acquisition, Share Price	$ 12
Private Placement [Member]
Antidilutive securities
Business Acquisition, Share Price	$ 23
Senior Notes [Member]
Antidilutive securities
Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger	2.25%
Kayne FRG Holding L.P. [Member]
Stockholders' Equity
Common Stock, Value, Issued								$ 31
Antidilutive securities
Common Stock, Shares, Issued								1,250,000
Remaining New Holdco Units [Member]
Stockholders' Equity
Preferred Stock, redeemed for Common, Shares			5,495,606
Preferred Stock, additional shares [Member]
Stockholders' Equity
Preferred Stock, redeemed for Common, Shares			1,099,121
Sears Outlet [Member]
Antidilutive securities
Common Stock, Value, Subscriptions									$ 70

Stock Compensation Plans (Detai

Stock Compensation Plans (Details) - USD ($)	6 Months Ended
	Jun. 27, 2020	Jun. 27, 2020	Dec. 28, 2019
Nonvested stock option activity, Weighted average exercise price
Stock Issued During Period, Value, Restricted Stock Award, Gross	$ 3
Share-based Compensation Arrangement by Share-based Payment Award, Percentage of Restricted Stock Minimum	0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Percentage of Restricted Stock Maximum	150.00%
Restricted Stock or Unit Expense	$ 0.3
Share-based Payment Arrangement, Option [Member]
Stock compensation plan
Share-based Payment Arrangement, Option, Exercise Price Range, Exercisable, Weighted Average Exercise Price		$ 10.25
Exercise period	3 years
Unrecognized compensation costs		$ 200,000
Stock option activity, Number of options
Outstanding at the beginning of the period (in shares)	419,187	419,187	460,285
Exercised (in shares)	(22,500)
Canceled (in shares)	(18,598)
Outstanding at the end of the period (in shares)	419,187
Stock option activity, Weighted average exercise price
Outstanding at the beginning of the period (in dollars per share)	$ 10.31	$ 10.31	$ 10.28
Exercised (in dollars per share)	8.30
Canceled (in dollars per share)	11.93
Outstanding at the end of the period (in dollars per share)	$ 10.31
Share-based Payment Arrangement, Option [Member] | Minimum
Stock compensation plan
Exercise period	4 years
Share-based Payment Arrangement, Option [Member] | Maximum [Member]
Stock compensation plan
Exercise period	5 years
Nonvested Stock Option [Member]
Nonvested stock option activity, Nonvested options
Outstanding at the beginning of the period (in shares)	133,076	133,076	215,007
Vested (in shares)	(63,333)
Canceled (in shares)	(18,598)
Outstanding at the end of the period (in shares)	133,076
Nonvested stock option activity, Weighted average exercise price
Outstanding at the beginning of the period (in dollars per share)	$ 10.46	$ 10.46	$ 10.11
Vested (in dollars per share)	8.83
Canceled (in dollars per share)	11.93
Outstanding at the end of the period (in dollars per share)	$ 10.46
Restricted Stock Units
Stock compensation plan
Unrecognized compensation costs		$ 15.6
Equity Plan 2019 [Member] [Domain]
Stock compensation plan
Common Stock, Par or Stated Value Per Share			$ 0.01
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized			5,000,000
Class A common stock available for grant (in shares)			4,128,173
Exercise Price, Range Two [Member] | Share-based Payment Arrangement, Option [Member]
Stock compensation plan
Share-based Payment Arrangement, Option, Exercise Price Range, Outstanding, Weighted Average Remaining Contractual Term	3 years 8 months 12 days
Share-based Payment Arrangement, Option, Exercise Price Range, Exercisable, Weighted Average Exercise Price		$ 12.01
Stock option activity, Number of options
Outstanding at the beginning of the period (in shares)	201,687	201,687
Outstanding at the end of the period (in shares)	201,687
Share-based Payment Arrangement, Option [Member]
Stock compensation plan
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value		$ 5.3
Restricted Stock Unit expense [Member]
Nonvested stock option activity, Weighted average exercise price
Restricted Stock or Unit Expense	$ 0.3
Restricted Stock Units, Directors of company [Member]
Nonvested stock option activity, Weighted average exercise price
Stock Issued During Period, Value, Restricted Stock Award, Gross	0.7
Restricted Stock Unit Expense, Directors of company [Member]
Nonvested stock option activity, Weighted average exercise price
Restricted Stock or Unit Expense	0.2
Restricted Stock Units
Nonvested stock option activity, Weighted average exercise price
Stock Issued During Period, Value, Restricted Stock Award, Gross	3
stock awards expense [Member]
Stock compensation plan
Share-based Payment Arrangement, Expense	$ 4.3

Stock Compensation Plans (Det_2

Stock Compensation Plans (Details 2) - USD ($)	6 Months Ended
	Jun. 27, 2020	Dec. 28, 2019
Share-based Payment Arrangement, Option [Member]
Stock options outstanding and exercisable
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	3 years
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 200,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	419,187	460,285
Weighted average exercise price (in dollars per share)	$ 10.31
Number of shares exercisable at the end of the period	286,111
Weighted average exercise price (in dollars per share)	$ 10.25
Share-based Payment Arrangement, Option [Member] | Exercise Price, Range One [Member]
Stock options outstanding and exercisable
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	217,500
Weighted average exercise price (in dollars per share)	$ 8.77
Weighted average remaining contractual life	4 years 8 months 12 days
Number of shares exercisable at the end of the period	154,166
Weighted average exercise price (in dollars per share)	$ 8.74
Share-based Payment Arrangement, Option [Member] | Exercise Price, Range two
Stock options outstanding and exercisable
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	201,687
Weighted average exercise price (in dollars per share)	$ 11.98
Weighted average remaining contractual life	3 years 8 months 12 days
Number of shares exercisable at the end of the period	131,945
Weighted average exercise price (in dollars per share)	$ 12.01
Restricted Stock Units
Stock options outstanding and exercisable
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 15.6
Minimum | Share-based Payment Arrangement, Option [Member]
Stock options outstanding and exercisable
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	4 years

Restricted Stock Units (Details

Restricted Stock Units (Details 3) - Restricted Stock Units - $ / shares	6 Months Ended
	Jun. 27, 2020	Dec. 28, 2019
Restricted Cash and Cash Equivalents Items [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted	279,839
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number	915,034	671,039
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted, Weighted Average Grant Date Fair Value	$ 24.80
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	21,081
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value	$ 9.99
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Expirations	14,763
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Expirations, Weighted Average Grant Date Fair Value	$ 20.32
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Weighted Average Grant Date Fair Value	$ 17.29	$ 14

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 27, 2020	Mar. 28, 2020	Dec. 28, 2019
Assets:
Assets Fair Value Disclosure Recurring and Nonrecurring			$ 11,563
Financial and Nonfinancial Liabilities, Fair Value Disclosure			974
Level 1
Assets:
Assets Fair Value Disclosure Recurring and Nonrecurring			4,253
Financial and Nonfinancial Liabilities, Fair Value Disclosure	$ 0		0
Level 2
Assets:
Assets Fair Value Disclosure Recurring and Nonrecurring			0
Financial and Nonfinancial Liabilities, Fair Value Disclosure	169		58
Level 3
Assets:
Assets Fair Value Disclosure Recurring and Nonrecurring			7,310
Financial and Nonfinancial Liabilities, Fair Value Disclosure	594		916
Nonrecurring
Assets:
Impaired accounts and notes receivable, net of unrecognized revenue	10,959		7,310
Impaired goodwill	11,557
Total recurring liabilities			7,310
Nonrecurring | Level 1
Assets:
Impaired accounts and notes receivable, net of unrecognized revenue	0		0
Impaired goodwill	537
Total recurring liabilities			0
Nonrecurring | Level 2
Assets:
Impaired accounts and notes receivable, net of unrecognized revenue	0		0
Impaired goodwill	0
Total recurring liabilities			0
Nonrecurring | Level 3
Assets:
Impaired accounts and notes receivable, net of unrecognized revenue	10,959		7,310
Impaired goodwill	11,020
Total recurring liabilities			7,310
Recurring
Fair value of financial instruments
Foreign Currency Contract, Asset, Fair Value Disclosure	598
Foreign Currency Contracts, Liability, Fair Value Disclosure	61
Assets:
Cash equivalents, money market account	537		4,253
Total recurring liabilities			4,253
Business Combination, Contingent Consideration, Liability			916
Accounts and Notes Receivable, Allowance for Uncollected Interest Amounts Due ADs Related Deferred Revenue and Amounts Due Franchisees	594
Interest Rate Derivative Liabilities, at Fair Value	169		58
Financial and Nonfinancial Liabilities, Fair Value Disclosure	763
Recurring | Level 1
Fair value of financial instruments
Foreign Currency Contract, Asset, Fair Value Disclosure	537
Foreign Currency Contracts, Liability, Fair Value Disclosure	0
Assets:
Cash equivalents, money market account	537	$ 4,253
Total recurring liabilities			4,253
Business Combination, Contingent Consideration, Liability			0
Accounts and Notes Receivable, Allowance for Uncollected Interest Amounts Due ADs Related Deferred Revenue and Amounts Due Franchisees	0
Interest Rate Derivative Liabilities, at Fair Value	0		0
Recurring | Level 2
Fair value of financial instruments
Foreign Currency Contract, Asset, Fair Value Disclosure	0
Foreign Currency Contracts, Liability, Fair Value Disclosure	0
Assets:
Cash equivalents, money market account	0	0
Total recurring liabilities			0
Business Combination, Contingent Consideration, Liability			0
Accounts and Notes Receivable, Allowance for Uncollected Interest Amounts Due ADs Related Deferred Revenue and Amounts Due Franchisees	0
Interest Rate Derivative Liabilities, at Fair Value	169		58
Recurring | Level 3
Fair value of financial instruments
Foreign Currency Contract, Asset, Fair Value Disclosure	61
Foreign Currency Contracts, Liability, Fair Value Disclosure	61
Assets:
Cash equivalents, money market account	0	$ 0
Total recurring liabilities			0
Business Combination, Contingent Consideration, Liability			916
Accounts and Notes Receivable, Allowance for Uncollected Interest Amounts Due ADs Related Deferred Revenue and Amounts Due Franchisees	594
Interest Rate Derivative Liabilities, at Fair Value	$ 0		$ 0

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	6 Months Ended		8 Months Ended
	Jun. 27, 2020	Jun. 30, 2019	Dec. 28, 2019	Feb. 07, 2020	Jan. 06, 2020	Dec. 16, 2019
Related Party Transaction [Line Items]
Related Party Transactions, Percent of Net Revenue Provided by Related Party	50.00%
Contractual Obligation			$ 1.8
Increase (Decrease) in Inventories	$ 84,434,000	$ 0	$ 25.8
Consulting, Advisory Services Fee	$ 5
Tax Receivable Agreement, Percentage of Tax Benefit	40.00%
Tax Receivable Agreement, Payment to Non-controlling Holders	$ 17.2
Line of Credit Facility, Current Borrowing Capacity	135
Repayment of Notes Receivable from Related Parties	$ 11
Debt Instrument, Commitment Fee, Rate	6.00%
Commitments, Fair Value Disclosure	$ 36
Other Commitment	100
Consulting, Underwriting Service Fee	$ 5.4
Vintage RTO, L.P. ownership [Member]
Related Party Transaction [Line Items]
aggregate voting power	42.00%
Payment to Noncontrolling Holders [Member]
Related Party Transaction [Line Items]
Tax Receivable Agreement, Percentage of Tax Benefit	40.00%
American Freight [Member]
Related Party Transaction [Line Items]
Line of Credit Facility, Current Borrowing Capacity	$ 675
Closing Subscription Agreement [Member]
Related Party Transaction [Line Items]
Ownership Interest	13.00%
Tender Offer [Member]
Related Party Transaction [Line Items]
Common Stock, Shares Subscribed but Unissued	669,678
Offer Value [Member]
Related Party Transaction [Line Items]
Common Stock, Value, Subscriptions	$ 11.4
Closing Subscription Agreement [Member]
Related Party Transaction [Line Items]
Common Stock, Shares Subscribed but Unissued					2,354,000
Common Stock, Value, Subscriptions					$ 28.2
Equity Financing [Member]
Related Party Transaction [Line Items]
Common Stock, Shares Subscribed but Unissued				123,529
Common Stock, Value, Subscriptions				$ 2.1
Line of Credit [Member] | Vitamin Shoppe Credit Facility [Member]
Related Party Transaction [Line Items]
Line of Credit Facility, Current Borrowing Capacity	575					$ 100
Administrative Agent [Member] | Line of Credit [Member] | Vitamin Shoppe Credit Facility [Member]
Related Party Transaction [Line Items]
Line of Credit Facility, Current Borrowing Capacity	$ 100

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	Jun. 27, 2020USD ($)
Commitments and contingencies
Loss Contingency Accrual	$ 3
Additional Accrual for loss contingency [Member]
Commitments and contingencies
Loss Contingency Accrual	1
Compliance Program loss contingency [Member]
Commitments and contingencies
Loss Contingency Accrual	$ 0.5

Segments (Details)

Segments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		8 Months Ended
	Jun. 27, 2020	Jun. 30, 2019	Jun. 27, 2020	Jun. 30, 2019	Dec. 28, 2019
Segment Reporting Information [Line Items]
Asset Impairment Charges			$ 1,883,631		$ 1,298,545
Goodwill, Acquired During Period			468,088		134,301
Operating Income (Loss)	$ 11,572	$ (5,662)	57,411	$ 49,211	49,211
Goodwill	468,088		468,088		134,301
Assets	1,883,631		1,883,631		1,298,545
Depreciation Amortization and Impairment	17,865	3,699	33,792	7,772
Revenues	512,627	23,820	1,105,193	119,658
Vitamin Shoppe [Member]
Segment Reporting Information [Line Items]
Asset Impairment Charges			635,353		679,646
Goodwill, Acquired During Period			0		4,951
Operating Income (Loss)	(587)	0	(6,063)		0
Depreciation Amortization and Impairment	12,419	0	23,729	0
Revenues	237,735	0	513,622	0
American Freight [Member]
Segment Reporting Information [Line Items]
Asset Impairment Charges			854,493		267,176
Goodwill, Acquired During Period			369,034		31,028
Operating Income (Loss)	12,422	0	14,009		0
Depreciation Amortization and Impairment	1,553	0	2,465	0
Revenues	234,427	0	437,174	0
Liberty Tax [Member]
Segment Reporting Information [Line Items]
Asset Impairment Charges			105,897		123,576
Goodwill, Acquired During Period			8,972		9,780
Operating Income (Loss)	(3,204)	(5,662)	45,478		49,211
Depreciation Amortization and Impairment	2,379	3,699	4,444	7,772
Revenues	15,073	23,820	104,692	119,658
Buddy's [Member]
Segment Reporting Information [Line Items]
Asset Impairment Charges			187,209		188,941
Goodwill, Acquired During Period			90,082		88,542
Operating Income (Loss)	5,338	0	8,683		0
Depreciation Amortization and Impairment	1,514	0	3,154	0
Revenues	25,392	0	49,705	$ 0
Overhead [Member]
Segment Reporting Information [Line Items]
Operating Income (Loss)	(2,397)	0	(4,696)		0
Operating Segments [Member]
Segment Reporting Information [Line Items]
Asset Impairment Charges			1,782,952		1,259,339
Operating Income (Loss)	$ 13,969	$ (5,662)	62,107		49,211
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Asset Impairment Charges			$ 100,679		$ 39,206

Subsequent Event Subsequent _2

Subsequent Event Subsequent Events (Details) - USD ($)	6 Months Ended
	Jun. 27, 2020	Jun. 30, 2019	Jul. 10, 2020	Dec. 16, 2019
Subsequent Event [Line Items]
Interest Rate Margin	6.50%
Additional Amortization Cost	$ 3.1
Secured Long-term Debt, Noncurrent				$ 70
Debt Instrument, Term	30 days
Proceeds from Issuance of Common Stock	$ 92,082,000	$ 0
Consulting, Underwriting Service Fee	$ 5.4
Debtor-in-Possession Financing, Borrowings Outstanding			$ 25
Common Stock [Member]
Subsequent Event [Line Items]
Sale of Stock, Number of Shares Issued in Transaction	4,200,000
Shares Issued, Price Per Share	$ 23.25
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized	630,000
Proceeds from Issuance of Common Stock	$ 92.2
Payments of Stock Issuance Costs	0.8
Late Payment Fee Percentage [Member]
Subsequent Event [Line Items]
Event of Default, Interest Penalty			2.00%
Additional Proceeds, Common Stock, Value [Member]
Subsequent Event [Line Items]
Proceeds from Issuance of Common Stock	$ 13.8
LIBOR Floor Rate [Member]
Subsequent Event [Line Items]
Debt Instrument, Interest Rate, Stated Percentage			1.00%
Applicable Interest Rate Margin, high [Member]
Subsequent Event [Line Items]
Debt Instrument, Interest Rate, Stated Percentage			5.00%

Uncategorized Items - frg-06272

Label	Element	Value
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax and Reclassification Adjustment, Attributable to Parent	us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent	$ 97,000
Noncontrolling Interest [Member]
Stockholders' Equity Attributable to Noncontrolling Interest	us-gaap_MinorityInterest	0
Additional Paid-in Capital [Member]
Stockholders' Equity Attributable to Parent	us-gaap_StockholdersEquity	12,632,000
Adjustment to APIC, Share-based Compensation, Requisite Service Period Recognition	frg_AdjustmenttoAPICSharebasedCompensationRequisiteServicePeriodRecognition	639,000
Retained Earnings [Member]
Stockholders' Equity Attributable to Parent	us-gaap_StockholdersEquity	90,224,000
Net Income (Loss) Attributable to Parent	us-gaap_NetIncomeLoss	(5,255,000)
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	322,000
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	322,000
AOCI Attributable to Parent [Member]
Stockholders' Equity Attributable to Parent	us-gaap_StockholdersEquity	(1,830,000)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax and Reclassification Adjustment, Attributable to Parent	us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent	97,000
Total Equity [Member]
Stockholders' Equity Attributable to Parent	us-gaap_StockholdersEquity	101,167,000
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax and Reclassification Adjustment, Attributable to Parent	us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent	97,000
Net Income (Loss) Attributable to Parent	us-gaap_NetIncomeLoss	(5,255,000)
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	322,000
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	322,000
Adjustment to APIC, Share-based Compensation, Requisite Service Period Recognition	frg_AdjustmenttoAPICSharebasedCompensationRequisiteServicePeriodRecognition	$ 639,000
Common Class A [Member]
Stock Issued During Period, Shares, Acquisitions	us-gaap_StockIssuedDuringPeriodSharesAcquisitions	(9,000)
Shares, Outstanding	us-gaap_SharesOutstanding	14,058,000
Stock Issued During Period, Value, Acquisitions	us-gaap_StockIssuedDuringPeriodValueAcquisitions	$ 0