Papa Murphy's 10-K 9 Mar 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information Document - USD ($)	12 Months Ended
	Dec. 28, 2015	Mar. 01, 2016	Jun. 29, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	Papa Murphy's Holdings, Inc.
Entity Central Index Key	1,592,379
Entity Filer Category	Accelerated Filer
Document Type	10-K
Document Period End Date	Dec. 28, 2015
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--12-28
Document Fiscal Year Focus	2,015
Amendment Flag	false
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 245,836,683
Entity Common Stock, Shares Outstanding		16,942,932

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2015	Dec. 29, 2014	Dec. 30, 2013
Revenues
Franchise royalties	$ 40,243	$ 39,305	$ 36,897
Franchise and development fees	4,222	4,531	4,330
Company-owned store sales	74,300	50,598	39,148
Lease and other	1,444	2,965	120
Total revenues	120,209	97,399	80,495
Store operating costs:
Cost of food and packaging	26,603	19,686	14,700
Compensation and benefits	19,858	12,673	10,687
Advertising	7,888	5,041	3,820
Occupancy	4,750	2,873	2,365
Other store operating costs	7,517	4,434	3,988
Selling, general and administrative	28,207	29,263	24,180
Depreciation and amortization	10,002	8,052	6,973
(Gain) loss on disposal or impairment of property and equipment	(251)	72	847
Total costs and expenses	104,574	82,094	67,560
Operating Income	15,635	15,305	12,935
Interest expense, net	4,523	8,025	10,429
Loss on early retirement of debt	0	4,619	4,029
Loss on disposal or impairment of investments	4,500	0	0
Other expense, net	133	178	44
Income (Loss) Before Income Taxes	6,479	2,483	(1,567)
Provision for income taxes	2,068	1,235	1,024
Net Income (Loss)	4,411	1,248	(2,591)
Net loss attributable to noncontrolling interests	500	0	19
Net Income (Loss) Attributable to Papa Murphy’s	4,911	1,248	(2,572)
Other Comprehensive Loss
Foreign currency translation adjustment	0	0	(2)
Total Comprehensive Income (Loss)	$ 4,911	$ 1,248	$ (2,574)
Earnings (loss) per share of common stock
Basic (usd per share)	$ 0.29	$ (0.07)	$ (2.34)
Diluted (usd per share)	$ 0.29	$ (0.07)	$ (2.34)
Weighted average common stock outstanding
Basic (in shares)	16,653,127	12,101,236	3,847,861
Diluted (in shares)	16,870,693	12,101,236	3,847,861

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 28, 2015	Dec. 29, 2014
Current Assets
Cash and cash equivalents	$ 6,867	$ 5,056
Accounts receivable, net	4,944	5,661
Current portion of notes receivable	78	62
Inventories	868	640
Prepaid expenses and other current assets	6,139	3,572
Total current assets	18,896	14,991
Property and equipment, net	21,261	12,120
Notes receivable, net of current portion	143	225
Goodwill	106,506	101,082
Trade name and trademarks	87,002	87,002
Definite-life intangibles, net	41,366	44,515
Other assets	297	4,192
Total assets	275,471	264,127
Current Liabilities
Accounts payable	9,798	3,057
Accrued expenses and other current liabilities	9,756	9,853
Current portion of unearned franchise and development fees	1,795	2,848
Current portion of long-term debt	2,800	2,800
Total current liabilities	24,149	18,558
Long-term debt, net of current portion	108,237	110,715
Unearned franchise and development fees, net of current portion	540	640
Deferred tax liability, net	42,439	40,732
Other liabilities	2,450	1,740
Total liabilities	$ 177,815	$ 172,385
Commitments and contingencies (Note 17)
Equity
Common stock	$ 169	$ 169
Additional paid-in capital	118,801	117,354
Stock subscriptions receivable	100	100
Accumulated deficit	(21,214)	(26,125)
Total Papa Murphy’s Holdings, Inc. shareholders’ equity	97,656	91,298
Noncontrolling interests	0	444
Total equity	97,656	91,742
Total liabilities and equity	275,471	264,127
Preferred Stock
Equity
Preferred stock	$ 0	$ 0

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Dec. 28, 2015	Dec. 29, 2014	May. 02, 2014	May. 01, 2014	Dec. 30, 2013	Dec. 31, 2012
Preferred stock, liquidation preferences				$ 64.3
Common stock, par value per share	$ 0.01	$ 0.01
Common stock, shares authorized	200,000,000	200,000,000		3,000,000
Common stock, shares issued	16,949,720	16,944,308
Common stock, shares outstanding	16,949,720	16,944,308	11,134,070
Preferred Stock
Preferred stock, par value per share	$ 0.01	$ 0.01
Preferred stock, shares authorized	15,000,000	15,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common Stock
Shares, Outstanding	16,950,000	16,944,000			4,348,000	4,287,000
Preferred Stock | Series A Preferred Shares
Shares, Outstanding	0	0			2,854,000	2,779,000
Preferred Stock | Series B Preferred Shares
Shares, Outstanding	0	0			27,000	27,000

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity Statement - USD ($) shares in Thousands, $ in Thousands	Total	Preferred StockSeries A Preferred Shares	Preferred StockSeries B Preferred Shares	Common Stock	Additional Paid-in Capital	Stock Subscription Receivable	Accumulated Defecit	Accumulated Other Comprehensive Income (Loss)	Total Papa Murphy's Holdings Inc. Shareholders' Equity	Noncontrolling Interests
Beginning period balance at Dec. 31, 2012	$ 63,930	$ 79,856	$ 1,003	$ 43	$ 396	$ (888)	$ (16,482)	$ 2	$ 63,930	$ 0
Beginning period balance, shares at Dec. 31, 2012		2,779	27	4,287
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued during period, value	366			$ 0	366				366
Shares issued during period, shares				56
Common stock repurchases, value	(400)			$ (1)	(11)		(388)		(400)
Common stock repurchases, shares				(88)
Preferred stock dividends and return of invested capital	(30,690)	$ (21,667)	$ (262)		(830)		(7,931)		(30,690)
Repayment of note receivable issued to fund the purchase of stock	(309)					(309)			(309)
Stock based compensation expense	61				61				61
Reclassification of liability classified put options, value	3,541	$ 1,967		$ 1	1,573				3,541
Reclassification of liability classified put options, shares		75		93
Investment by noncontrolling interest	241									241
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest [Abstract]
Net loss	(2,572)
Net loss attributable to noncontrolling interests	19
Net Income (Loss)	(2,591)						(2,572)		(2,572)	(19)
Foreign currency translation adjustment	(2)							(2)	(2)
Ending period balance at Dec. 30, 2013	34,147	$ 60,156	$ 741	$ 43	1,555	(1,197)	(27,373)	0	33,925	222
Ending period balance, shares at Dec. 30, 2013		2,854	27	4,348
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued during period, value	54,648			$ 58	54,590				54,648
Shares issued during period, shares				5,840
Common stock repurchases, value	(1,518)			$ (1)	(1,517)		0		(1,518)
Common stock repurchases, shares				(156)
Preferred stock dividends and return of invested capital	0
Conversion of preferred stock to common stock		$ (60,156)	$ (741)	$ 69	60,828
Conversion of preferred stock to common stock, shares		(2,854)	(27)	6,912
Repayment of note receivable issued to fund the purchase of stock	(1,097)					(1,097)			(1,097)
Stock based compensation expense	1,898				1,898				1,898
Investment by noncontrolling interest	222									222
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest [Abstract]
Net loss	1,248
Net loss attributable to noncontrolling interests	0
Net Income (Loss)	1,248						1,248		1,248	0
Foreign currency translation adjustment	0
Ending period balance at Dec. 29, 2014	91,742	$ 0	$ 0	$ 169	117,354	(100)	(26,125)	0	91,298	444
Ending period balance, shares at Dec. 29, 2014		0	0	16,944
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued during period, value	376			$ 0	376				376
Shares issued during period, shares				42
Common stock repurchases, value	(10)			$ 0	(10)				(10)
Common stock repurchases, shares				(36)
Preferred stock dividends and return of invested capital	0
Stock based compensation expense	1,081				1,081				1,081
Investment by noncontrolling interest	56									56
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest [Abstract]
Net loss	4,911
Net loss attributable to noncontrolling interests	500
Net Income (Loss)	4,411						4,911		4,911	(500)
Foreign currency translation adjustment	0
Ending period balance at Dec. 28, 2015	$ 97,656	$ 0	$ 0	$ 169	$ 118,801	$ (100)	$ (21,214)	$ 0	$ 97,656	$ 0
Ending period balance, shares at Dec. 28, 2015		0	0	16,950

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2015	Dec. 29, 2014	Dec. 30, 2013
Operating Activities
Net Income (Loss)	$ 4,411	$ 1,248	$ (2,591)
Net loss attributable to noncontrolling interests	500	0	19
Net Income (Loss) Attributable to Papa Murphy’s	4,911	1,248	(2,572)
Adjustments to reconcile to cash from operating activities
Depreciation and amortization	10,002	8,052	6,973
(Gain) loss on disposal or impairment of property and equipment	(251)	72	847
Loss on early retirement of debt	0	4,619	4,029
Non-cash employee equity compensation	1,081	1,898	846
Loss on impairment of cost-method investment	4,000	0	0
Other non-cash items	646	563	1,217
Change in operating assets and liabilities
Accounts receivable	641	(3,302)	(483)
Prepaid expenses and other assets	(1,988)	2,265	(5,104)
Unearned franchise and development fees	(1,213)	(507)	1
Accounts payable	3,628	(766)	1,021
Accrued expenses and other liabilities	579	244	2,155
Deferred taxes	1,707	1,123	944
Net cash from operating activities	23,743	15,509	9,874
Investing Activities
Acquisition of property and equipment	(10,430)	(4,067)	(3,037)
Acquisition of stores, less cash acquired	(9,691)	(4,608)	(10,272)
Proceeds from sale of stores	1,250	179	29
Issuance of notes receivable	250	0	0
Payments received on notes receivable	67	969	31
Investment in cost-method investee	(500)	(2,000)	(2,000)
Net cash from investing activities	(19,554)	(9,527)	(15,249)
Financing Activities
Proceeds from issuance of long-term debt	0	112,000	167,000
Payments on long-term debt	(2,800)	(169,900)	(121,280)
Payments on revolver, net	0	0	(4,000)
Issuance of common stock, net of underwriting fees	0	59,675	57
Repurchases of common stock	(10)	(1,518)	(400)
Payment of preferred dividend and return of invested capital	0	0	30,690
Proceeds from exercise of stock options	376	0	0
Debt issuance and modification costs, including prepayment penalties	0	(2,717)	(4,315)
Payments received on subscription receivables	0	1,097	0
Costs associated with initial public offering	0	(3,490)	0
Investment by noncontrolling interest holders	56	222	241
Net cash from financing activities	(2,378)	(4,631)	6,613
Effect of exchange rate fluctuations on cash	0	0	39
Net change in cash and cash equivalents	1,811	1,351	1,277
Cash and Cash Equivalents, beginning of year	5,056	3,705	2,428
Cash and Cash Equivalents, end of period	6,867	5,056	3,705
Supplemental Disclosures of Cash Flow Information
Cash paid during the period for interest	3,624	7,385	9,769
Cash paid during the period for income taxes	3,078	134	117
Deferred offering costs paid in 2013 reclassified to equity	0	1,537	0
Noncash Supplemental Disclosures of Investing and Financing Activities
Issuance of note receivable for preferred and common stock	0	0	309
Issuance of note payable for acquisition of stores	0	2,900	3,000
Acquisition of property and equipment in accounts payable	$ 3,098	$ 97	$ 309

Description of Business

Description of Business	12 Months Ended
	Dec. 28, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Note 1 — Description of Business Description of business Papa Murphy’s Holdings, Inc. (“Papa Murphy’s” or the “Company”), together with its subsidiaries, is a franchisor and operator of a Take ‘N’ Bake pizza chain. The Company franchises the right to operate Take ‘N’ Bake pizza franchises and operates Take ‘N’ Bake pizza stores owned by the Company. As of December 28, 2015 , the Company had 1,536 stores consisting of 1,496 domestic stores ( 1,369 franchised stores and 127 Company-owned stores) across 38 states, plus 40 franchised stores in Canada and the United Arab Emirates. Substantially all revenues are derived from retail sales of pizza and other food and beverage products to the general public by Company-owned stores and the collection of franchise royalties and fees associated with franchise and development rights. Public offering and stock split On May 7, 2014 , the Company completed an initial public offering (“ IPO ”) of 5,833,333 shares of common stock at a price to the public of $11.00 per share. The Company received net proceeds from the offering of $54.6 million after offering fees and expenses. The net proceeds, along with additional cash on hand, were used to repay $55.5 million of the Company’s loans outstanding under the Company’s senior secured credit facility, after which the Company had $112.1 million outstanding under the facility with the revolver undrawn. Immediately prior to the IPO , the Company amended and restated its certificate of incorporation to reflect the conversion of all outstanding Series A Preferred Stock and Series B Preferred Stock (together, the “ Preferred Shares ”) to 3,054,318 shares of common stock. The total liquidation preference on the Preferred Shares at the time of conversion was $64.3 million . As part of the IPO , the Company increased its authorized shares from 3,000,000 shares of common stock, $0.01 par value per share, to 200,000,000 shares of common stock, $0.01 par value per share. The Company also authorized the issuance of 15,000,000 shares of preferred stock, $0.01 par value per share, with no shares outstanding. In connection with the IPO , on May 1, 2014, the Company amended its certificate of incorporation to effect a 2.2630 for 1 stock split of its common stock. Concurrent with the stock split, the Company adjusted the number of shares subject to, and the exercise price of, its outstanding stock option awards under the Company’s 2010 Amended Management Incentive Plan (“ 2010 Plan ”) so that the holders of the options were in the same economic position both before and after the stock split. As a result of the stock split, all previously reported share amounts, including options in these consolidated financial statements and accompanying notes, have been retrospectively restated to reflect the stock split. After the conversion of the Preferred Shares and the stock split, but before the shares were sold in the IPO , the Company had 11,134,070 common shares outstanding. In 2010, affiliates of Lee Equity Partners, LLC (“ Lee Equity ”) acquired all of the equity interests of PMI Holdings, Inc. (“ Lee Equity Acquisition ”). Papa Murphy’s Holdings, Inc. was established as a holding company for PMI Holdings, Inc. and its subsidiaries. This transaction was considered a business combination and was accounted for using the acquisition method of accounting. Assets and liabilities of the Company were recorded at their fair value and the purchase consideration in excess of the fair value of identifiable assets acquired and liabilities assumed was recorded as goodwill. Note 2 — Summary of Significant Accounting Policies Principles of consolidation and basis of presentation These consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“ GAAP ”) and include the accounts of Papa Murphy’s Holdings, Inc., its subsidiaries and certain entities which the Company consolidates as variable interest entities (“ VIEs ”). The Company reports noncontrolling interests in consolidated entities as a component of equity separate from shareholders’ equity. All significant intercompany transactions and balances have been eliminated. The Company participates in various advertising cooperatives with its franchise owners established to collect and administer funds contributed for use in advertising and promotional programs in a specific market designed to increase sales and promote the Papa Murphy’s brand. Contributions to the advertising cooperatives are required for both Company-owned and franchised stores and are generally based on a percentage of a store’s sales. The Company maintains certain variable interests in these cooperatives. As the cooperatives are required to spend all funds collected on advertising and promotional programs, total equity at risk is not sufficient to permit the cooperatives to finance their activities without additional subordinated financial support. Therefore, these cooperatives are VIEs . As a result of the Company's voting rights exercised through Company-owned stores, the Company consolidates certain of these cooperatives for which it is the primary beneficiary. Advertising cooperative assets, consisting primarily of cash and receivables can only be used to settle the obligations of the respective cooperative. Advertising cooperative liabilities represent the corresponding obligation arising from the receipt of the contributions to purchase advertising and promotional programs for which creditors do not have recourse to the general credit of a primary beneficiary. Therefore, the Company reports all assets and liabilities of the advertising cooperatives that it consolidates as Prepaid expenses and other current assets and Accrued expenses and other current liabilities , respectively, in the Consolidated Balance Sheets . Because the contributions to these advertising and marketing cooperatives are specifically designated and segregated for advertising, the Company does not reflect franchise owner contributions to these cooperatives in its Consolidated Statements of Operations and Comprehensive Income (Loss) or Consolidated Statements of Cash Flows . Fiscal year The Company uses a 52- or 53-week fiscal year, ending on the Monday nearest to December 31. Fiscal years 2015 , 2014 and 2013 were 52-week years. All references to years relate to fiscal periods rather than calendar periods. References to 2015 , 2014 and 2013 are references to fiscal years ended December 28, 2015 , December 29, 2014 and December 30, 2013 , respectively. Use of estimates Preparing financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the Company’s consolidated financial statements and accompanying notes. Significant items that are subject to such estimates and assumptions include goodwill and intangible assets and related impairment analysis, fair value of stock based compensation and deferred tax asset valuation allowance. Although management bases its estimates on historical experience and assumptions that are believed to be reasonable under the circumstances, actual results may differ from those estimates. Cash and cash equivalents The Company considers all highly liquid investments with original maturities of three months or less when purchased to be cash equivalents. The Company maintains cash and cash equivalent balances with financial institutions that periodically exceed federally insured limits. The Company also holds limited funds, to the extent necessary, on deposit outside the United States. The Company makes such deposits with entities it believes are of high credit quality and has not incurred any losses related to these balances. Management believes its credit risk to be minimal. Accounts receivable Accounts receivable consist primarily of (a) amounts due from franchise owners for continuing fees that are collected weekly, (b) receivables for vendor rebates, and (c) other miscellaneous receivables. Accounts receivable are stated net of an allowance for doubtful accounts determined by management through an evaluation of specific accounts, considering historical losses and existing economic conditions where relevant. The Company recorded the following allowance for doubtful accounts: (in thousands) 2015 2014 Allowance for doubtful accounts $ 31 $ 60 Notes receivable Notes receivable consist primarily of amounts due from sales of Company-owned stores. Management reviews the notes receivable on a periodic basis and evaluates the creditworthiness and financial condition of the counterparty to determine the appropriate allowance, if any. If the store owner does not repay the note, the Company has the contractual right to take back ownership of the store based on the underlying franchise agreement, which therefore minimizes the credit risk to the Company. Stock subscriptions receivable Prior to our IPO , the Company issued common stock to certain employees for stock subscriptions receivable, which are not collateralized by the stock. The Company had the following outstanding Stock subscriptions receivable which have been classified as a reduction of equity: (in thousands) 2015 2014 Stock subscriptions receivable $ 100 $ 100 Inventories Inventories consist principally of food products and packaging supplies for use in Company-owned stores. Inventories are valued at the lower of cost, determined under the first-in, first-out method, or net realizable value. Property and equipment Property and equipment are recorded at cost. Property and equipment are depreciated using the straight-line method over the estimated useful lives of the assets. Leasehold improvements are amortized using the straight-line method over the shorter of the useful lives of the assets or the related lease term, including renewal options to the extent renewals are reasonably assured, not to exceed 10 years. The estimated useful lives for property and equipment are: Property and Equipment Estimated Useful Life Leasehold improvements Shorter of lease term or estimated useful life, not to exceed 10 years Restaurant equipment and fixtures 5 to 7 years Office furniture and equipment 3 to 7 years Software 3 to 5 years Vehicles 5 years Deferred financing costs Costs incurred to obtain long-term financing are accounted for as a deferred charge and amortized to interest expense over the terms of the respective debt agreements using the effective interest method. Unamortized deferred charges are recorded as a reduction from the carrying amount of the related debt liability in the Company’s Consolidated Balance Sheets . Stock issuance costs Costs of obtaining new capital by issuing common or preferred stock classified as permanent equity are considered a reduction of the related proceeds, which reduces the carrying value of the related equity capital. Until the close of stock issuance, costs are recorded as other current assets in the Company’s Consolidated Balance Sheets . Goodwill and other intangible assets Goodwill arises from business combinations and represents the excess of the purchase consideration transferred over the fair value of the net assets acquired, including identifiable intangible assets and liabilities assumed. The majority of the Company’s goodwill was generated upon the Lee Equity Acquisition in May 2010, though the Company has also recognized goodwill upon the acquisition of stores from franchise owners. Goodwill is assigned to reporting units for purposes of impairment testing. The Company considers its Trade name and trademarks to be indefinite-lived intangible assets. These assets were initially recognized in May 2010 upon the Lee Equity Acquisition . The Company’s intangible assets that are not indefinite-lived include franchise relationships and reacquired franchise rights. Goodwill and intangible assets determined to have an indefinite life are not amortized, but are tested for impairment annually, or more often if an event occurs or circumstances change that indicate an impairment might exist. Management evaluates indefinite-lived assets each reporting period to determine whether events and circumstances continue to support an indefinite useful life. Intangible assets with finite lives are amortized over their estimated useful lives on a straight-line basis and tested for impairment together with long-lived assets. In performing its annual goodwill impairment test, the Company first assesses qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is not “more likely than not” that the fair value of a reporting unit is less than its carrying amount. If the Company determines that it is more likely than not, it performs the two-step quantitative goodwill impairment test. Under the two-step quantitative goodwill impairment test, the fair value of the reporting unit is compared to its respective carrying amount, including goodwill. If the fair value exceeds the carrying amount, then no impairment exists. If the carrying amount exceeds the fair value, further analysis is performed to determine the amount of the impairment. Both the qualitative and quantitative assessments are completed separately with respect to the goodwill of each of the Company’s reporting units. The Company reviews goodwill for impairment annually, as of the first day of our fourth fiscal quarter, or more frequently if indicators of impairment exist. The Company can bypass the qualitative assessment and move directly to the quantitative assessment for any reporting unit in any period and can elect to resume performing the qualitative assessment in any subsequent period. Most of the Company’s goodwill is attributed to and tested for impairment at the Domestic Franchise segment, which is considered one reporting unit, as the segment does not have any components of a business for which discrete financial information is available and is regularly reviewed by segment management. In performing its annual impairment test for indefinite-lived intangible assets, the Company first assesses qualitatively whether it is more likely than not that the indefinite-lived intangible asset is impaired, thus necessitating a quantitative impairment test. The Company does not calculate the fair value of an indefinite-lived asset and perform the quantitative test unless it determines that it is more likely than not that the asset is impaired. The Company reviews indefinite-lived intangible assets for impairment annually, as of the first day of its fourth fiscal quarter, or more frequently if indicators of impairment exist. The Company can bypass the qualitative assessment and move directly to the quantitative assessment for any indefinite-lived intangible asset in any period and can elect to resume performing the qualitative assessment in any subsequent period. Impairment of long-lived assets Long-lived assets are evaluated for recoverability of the carrying amount whenever events and circumstances indicate the carrying amount of an asset may not be fully recoverable. Some of the events or changes in circumstances that would trigger an impairment review include, but are not limited to, significant under-performance relative to expected and/or historical results (such as two years of comparable store sales decrease or two years of negative operating cash flows), significant negative industry or economic trends, or knowledge of transactions involving the sale of similar property at amounts below the carrying value. Assets are grouped for recognition and measurement of impairment at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets. Typically, long-lived assets relating to Company-owned stores are tested for impairment at the level of the retail market in which they are located and long-lived assets relating to franchised operations are tested for impairment at each segment level. If the carrying amount of an asset group exceeds the estimated, undiscounted future cash flows expected to be generated by the asset, then an impairment charge is recognized to the extent the carrying amount exceeds the asset group’s fair value. In determining fair value, management considers current results, trends, future prospects, and other economic factors. Assets held for sale Assets are classified as held for sale when management with the appropriate authority commits to a plan to sell the assets, the assets are available for immediate sale, the assets are actively marketed at a reasonable price, the sale is probable within a year, and certain other criteria are met. Assets held for sale consist primarily of newly opened Company-owned stores or unopened stores under construction by the Company. Assets designated as held for sale are held at the lower of the net book value or fair value less costs to sell and reported separately on the Consolidated Balance Sheets . Depreciation is not charged against property and equipment classified as assets held for sale. Asset retirement obligations (“ ARO s”) ARO s are primarily associated with leasehold improvements which, at the end of a lease, the Company is obligated to remove in order to comply with certain lease agreements. At the inception of a lease with such conditions, the Company records an ARO and a corresponding capital asset in an amount equal to the estimated fair value of the obligation. Fair value is estimated based on a number of assumptions requiring management’s judgment, including store closing costs, cost inflation rates, and discount rates in effect at the time the lease is signed. Over time, the obligation is accreted to its projected future value and, upon satisfaction of the ARO conditions, any difference between the recorded liability and the actual retirement costs incurred is recognized as an operating gain or loss in the Consolidated Statements of Operations and Comprehensive Income (Loss) . The Company recorded the following ARO as a component of Other liabilities : (in thousands) 2015 2014 Asset retirement obligations $ 1,490 $ 1,190 Derivative instruments and hedging activity Interest rate movements create a degree of risk to the Company’s operations by affecting the amount of its interest payments and the value of its floating rate debt. On occasion, the Company uses derivative instruments to manage its exposure to interest rate changes. By using these instruments, the Company can be exposed to credit risk of the counterparty. The Company minimizes the credit risk by entering into transactions with high credit quality counterparties. The Company has not applied hedge accounting to its derivative instruments. All derivative instruments are measured at fair value. The Company held interest rate cap derivatives that expired in June 2013. Gains or losses resulting from changes in the fair value of the interest rate cap derivatives are recognized as a component of Interest expense, net in the Consolidated Statements of Operations and Comprehensive Income (Loss) . The Company does not hold or issue derivative financial instruments for trading or speculative purposes. Revenue recognition Company-owned store sales are recognized when products are provided to customers. Franchise royalties are based on a percentage of sales and are recognized as the fees are earned and become receivable from the franchise owner. Franchise fees are recognized as revenue when all material services or conditions relating to a store have been substantially performed or satisfied by the Company, which is typically when a new franchised store begins operations or on the commencement date of the successive franchise agreement. Development fees for the right to develop stores in specific geographic areas are recognized as revenue when all material services or conditions relating to the sale have been substantially performed, which is typically when the first franchised store begins operations in the development area. Development fees determined based on the number of stores to open in an area are deferred and recognized on a pro rata basis after individual franchise agreements are executed for the stores subject to the development agreements and the stores begin operations. Consideration for Franchise and development fees received in advance of being earned are included as unearned franchise and development fees in the Company’s Consolidated Balance Sheets . For fees paid on an installment basis that have otherwise been earned, recognition of revenue is deferred until collectability is certain. Lease and other consists primarily of (a) lease income recognized in the period earned, which generally coincides with the period the expense is due to the master leaseholder, if a sublease, and (b) software license revenue from the resale of point-of-sale (“ POS ”) software licenses to franchise owners at cost. The Company operates a system-wide gift card program and recognizes revenue from gift cards when a gift card is redeemed in a Company-owned store. When the likelihood of a gift card being redeemed by a customer is determined to be remote (“ gift card breakage ”), the value of the unredeemed gift card is recognized by the Company as a contribution to the advertising fund described under Advertising and marketing costs below. The Company determines the gift card breakage rate based upon Company-specific historical redemption patterns. Software revenue recognition The Company recognizes revenues for the resale of software licenses upon delivery to franchise owners to the extent collectability is probable. In an effort to obtain more favorable pricing and expedite the roll-out of POS systems, the Company acquired $4.5 million of POS software licenses in a lump sum purchase in 2013 and resells them to franchise owners at cost. Advertising and marketing costs Advertising costs, including contributions to local advertising cooperatives which are based on a percentage of sales, are expensed when incurred except for media development costs which are expensed when the advertisement is first aired. These costs are included in Store operating costs or Selling, general and administrative expenses based on the nature of the advertising and marketing costs incurred. Franchised and Company-owned stores in the United States contribute to an advertising fund that the Company manages on behalf of these stores. In addition, certain suppliers contribute to the advertising fund. Under our franchise agreements and other agreements, contributions received by the advertising fund must be spent on marketing, creative efforts, media support, or other related purposes specified in the agreements and result in no profit recognized. Contributions to the advertising fund are netted against the related expense. Expenditures of the advertising fund are primarily amounts paid to third-parties, but may also include personnel expenses and allocated costs. At each reporting date, to the extent contributions to the advertising fund exceed expenditures on a cumulative basis, the excess contributions are accounted for as a deferred liability and are recorded in accrued expenses in the Company’s Consolidated Balance Sheets . However, if expenditures exceed contributions on a cumulative basis, the excess is recorded as an expense within Selling, general and administrative expenses. In subsequent periods, previously recognized expenses may be recovered if subsequent contributions exceed expenditures. Advertising expense included in Selling, general and administrative , net of contributions was as follows: (in thousands) 2015 2014 2013 Advertising expense (recovery), net of contributions $ 1,200 $ (1,110 ) $ 1,110 As of December 28, 2015 , previously recognized expenses of $1.2 million may be recovered in future periods if subsequent advertising fund contributions exceed expenditures. Store pre-opening costs Pre-opening costs, including wages, benefits and travel for the training and opening teams, Cost of food and packaging , and Other store operating costs , are expensed as incurred prior to a store opening for business. Rent expense Rent expense for the Company’s leases, which generally have escalating rental payments over the term of the lease, is recorded on a straight-line basis over the lease term. The lease term includes renewal options that are reasonably expected to be exercised and begins when the Company has control and possession of the leased property, which is typically before rental payments are due under the lease. The difference between the rent expense and rent paid is recorded as deferred rent as a component of accrued expenses. Tenant allowances are recorded in deferred rent and amortized as reductions of rent expense over the lease term. Rent expense is included in Store Occupancy costs or Selling, general and administrative expenses, based on the nature of the leased facility. When a store is closed before the end of its lease, the Company accrues a loss provision for lease termination costs based on the net present value of the contractual, minimum rent obligations reduced by sublease rental income that could be reasonably obtained from the property using a credit-adjusted, risk-free interest rate at the time of closure. Certain other related costs are also included in the loss reserve. The initial charge and any subsequent adjustment to the accrual are included in Store Occupancy costs. Lease guarantees On occasion, the Company becomes a guarantor for certain operating leases when it sells a Company-owned store or a store under construction by the Company. The guarantee obligation is initially measured as the fair value of the guarantee, which is recorded as a liability. The Company recognizes its release from risk as a guarantor as the lease obligation is settled over the remaining lease term. In addition, throughout the guarantee period, the Company records a reserve when any loss becomes probable in connection with such lease guarantee. As of December 28, 2015 and December 29, 2014 , the Company’s recorded liability in connection with lease guarantees was as follows: (in thousands) 2015 2014 Lease guarantees $ 32 $ — Income taxes The Company accounts for income taxes using the asset and liability approach. This requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the financial statement and the tax basis of assets and liabilities at the applicable tax rates. A valuation allowance is recorded against deferred tax assets if, based on available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. The effect of uncertain tax positions would be recorded in the consolidated financial statements only after determining a more likely than not probability that the uncertain tax positions would withstand an examination by tax authorities based on the technical merits of the position. The tax benefit to be recognized is measured as the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement. As facts and circumstances change, management reassesses these probabilities and would record any changes in the financial statements as appropriate. As of December 28, 2015 and December 29, 2014 , the Company recognized no uncertain tax positions or any accrued interest and penalties associated with uncertain tax positions. Share-based compensation Under the 2010 Plan and the Company’s 2014 Management Incentive Plan (“ 2014 Plan ”), the Company sponsors stock option plans and restricted stock award plans. Restricted stock and stock options vest with the achievement of a time vesting or a performance vesting condition. Compensation expense relating to restricted stock with time vesting conditions is recognized as the portion of the grant date fair value that exceeds any purchase price paid for the stock and is ultimately expected to vest. This expense is recognized over the requisite service period, typically the vesting period, utilizing the straight-line attribution method. The fair value of stock option awards is estimated on the grant date using a Black-Scholes-Merton option-pricing model. The risk-free interest rate is based on the estimated effective life and is estimated based on U.S. Treasury Yield Curve rates. Since the Company has no relevant option exercise experience, the expected term is based on a simplified method calculation and the expected volatility is based on the historical volatility of the share price of a group of peer companies. Compensation expense relating to stock option awards is recognized as the portion of the grant date fair value that is ultimately expected to vest. This expense is recognized over the requisite service period, typically the vesting period, utilizing the straight-line attribution method. Business Combinations The Company accounts for business combinations under the acquisition method of accounting, recording any assets acquired and liabilities assumed based upon their respective fair values. Any excess of the fair value of purchase consideration over the fair value of the assets acquired less liabilities assumed is recorded as goodwill. The Company uses management estimates based on historically similar transactions to assist in establishing the acquisition date fair values of assets acquired, liabilities assumed, and contingent consideration granted, if any. These estimates and valuations require the Company to make significant assumptions, including projections of future events and operating performance. Internal use software Expenditures for major software purchases and software developed for internal use are capitalized and amortized over the useful life of the software ( three to five years) on a straight-line basis. The Company’s policy provides for the capitalization of external direct costs of materials and services associated with developing or obtaining internal-use computer software. Costs associated with preliminary project stage activities, training, maintenance and all other post-implementation stage activities are expensed as incurred. Reclassification As a result of the retrospective adoption of ASU 2015-03 (see “Recent accounting pronouncements” below), the Company made certain reclassifications to the prior year's long-term debt to conform to the balance sheet presentation as of December 28, 2015 . These reclassifications had no effect on the Company's consolidated financial position, shareholders' equity or net cash flows for any of the periods presented. As a result of the retrospective adoption of ASU 2015-17 (see “Recent accounting pronouncements” below), the Company made certain reclassifications to the prior year's deferred tax assets to conform to the balance sheet presentation as of December 28, 2015 . These reclassifications had no effect on the Company's consolidated financial position, shareholders' equity or net cash flows for any of the periods presented. In addition, certain amounts in the prior period financial statements have been reclassified to conform to the current period presentation. These reclassifications had no effect on the Company's consolidated financial position, shareholders' equity or net cash flows for any of the periods presented. Recent accounting pronouncements In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ ASU 2014-09 ”), a new standard to achieve a consistent application of revenue recognition within the U.S., resulting in a single revenue model to be applied by reporting companies under GAAP . The original effective date for ASU 2014-09 would have required adoption by the Company in the first quarter of fiscal 2017 with early adoption prohibited. In August 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606) - Deferral of the Effective Date (“ ASU 2015-14 ”), which defers the effective date of ASU 2014-09 for one year and permits early adoption in accordance with the original effective date of ASU 2014-09 . The new revenue standard is required to be applied retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying the standard recognized at the date of initial application. The Company has not yet selected a transition method. The standard will not impact the Company's recognition of revenue from Company-owned restaurants or its recognition of franchise royalties, which are based on a percentage of franchise sales. The Company is continuing to evaluate the impact the adoption

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 28, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 1 — Description of Business Description of business Papa Murphy’s Holdings, Inc. (“Papa Murphy’s” or the “Company”), together with its subsidiaries, is a franchisor and operator of a Take ‘N’ Bake pizza chain. The Company franchises the right to operate Take ‘N’ Bake pizza franchises and operates Take ‘N’ Bake pizza stores owned by the Company. As of December 28, 2015 , the Company had 1,536 stores consisting of 1,496 domestic stores ( 1,369 franchised stores and 127 Company-owned stores) across 38 states, plus 40 franchised stores in Canada and the United Arab Emirates. Substantially all revenues are derived from retail sales of pizza and other food and beverage products to the general public by Company-owned stores and the collection of franchise royalties and fees associated with franchise and development rights. Public offering and stock split On May 7, 2014 , the Company completed an initial public offering (“ IPO ”) of 5,833,333 shares of common stock at a price to the public of $11.00 per share. The Company received net proceeds from the offering of $54.6 million after offering fees and expenses. The net proceeds, along with additional cash on hand, were used to repay $55.5 million of the Company’s loans outstanding under the Company’s senior secured credit facility, after which the Company had $112.1 million outstanding under the facility with the revolver undrawn. Immediately prior to the IPO , the Company amended and restated its certificate of incorporation to reflect the conversion of all outstanding Series A Preferred Stock and Series B Preferred Stock (together, the “ Preferred Shares ”) to 3,054,318 shares of common stock. The total liquidation preference on the Preferred Shares at the time of conversion was $64.3 million . As part of the IPO , the Company increased its authorized shares from 3,000,000 shares of common stock, $0.01 par value per share, to 200,000,000 shares of common stock, $0.01 par value per share. The Company also authorized the issuance of 15,000,000 shares of preferred stock, $0.01 par value per share, with no shares outstanding. In connection with the IPO , on May 1, 2014, the Company amended its certificate of incorporation to effect a 2.2630 for 1 stock split of its common stock. Concurrent with the stock split, the Company adjusted the number of shares subject to, and the exercise price of, its outstanding stock option awards under the Company’s 2010 Amended Management Incentive Plan (“ 2010 Plan ”) so that the holders of the options were in the same economic position both before and after the stock split. As a result of the stock split, all previously reported share amounts, including options in these consolidated financial statements and accompanying notes, have been retrospectively restated to reflect the stock split. After the conversion of the Preferred Shares and the stock split, but before the shares were sold in the IPO , the Company had 11,134,070 common shares outstanding. In 2010, affiliates of Lee Equity Partners, LLC (“ Lee Equity ”) acquired all of the equity interests of PMI Holdings, Inc. (“ Lee Equity Acquisition ”). Papa Murphy’s Holdings, Inc. was established as a holding company for PMI Holdings, Inc. and its subsidiaries. This transaction was considered a business combination and was accounted for using the acquisition method of accounting. Assets and liabilities of the Company were recorded at their fair value and the purchase consideration in excess of the fair value of identifiable assets acquired and liabilities assumed was recorded as goodwill. Note 2 — Summary of Significant Accounting Policies Principles of consolidation and basis of presentation These consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“ GAAP ”) and include the accounts of Papa Murphy’s Holdings, Inc., its subsidiaries and certain entities which the Company consolidates as variable interest entities (“ VIEs ”). The Company reports noncontrolling interests in consolidated entities as a component of equity separate from shareholders’ equity. All significant intercompany transactions and balances have been eliminated. The Company participates in various advertising cooperatives with its franchise owners established to collect and administer funds contributed for use in advertising and promotional programs in a specific market designed to increase sales and promote the Papa Murphy’s brand. Contributions to the advertising cooperatives are required for both Company-owned and franchised stores and are generally based on a percentage of a store’s sales. The Company maintains certain variable interests in these cooperatives. As the cooperatives are required to spend all funds collected on advertising and promotional programs, total equity at risk is not sufficient to permit the cooperatives to finance their activities without additional subordinated financial support. Therefore, these cooperatives are VIEs . As a result of the Company's voting rights exercised through Company-owned stores, the Company consolidates certain of these cooperatives for which it is the primary beneficiary. Advertising cooperative assets, consisting primarily of cash and receivables can only be used to settle the obligations of the respective cooperative. Advertising cooperative liabilities represent the corresponding obligation arising from the receipt of the contributions to purchase advertising and promotional programs for which creditors do not have recourse to the general credit of a primary beneficiary. Therefore, the Company reports all assets and liabilities of the advertising cooperatives that it consolidates as Prepaid expenses and other current assets and Accrued expenses and other current liabilities , respectively, in the Consolidated Balance Sheets . Because the contributions to these advertising and marketing cooperatives are specifically designated and segregated for advertising, the Company does not reflect franchise owner contributions to these cooperatives in its Consolidated Statements of Operations and Comprehensive Income (Loss) or Consolidated Statements of Cash Flows . Fiscal year The Company uses a 52- or 53-week fiscal year, ending on the Monday nearest to December 31. Fiscal years 2015 , 2014 and 2013 were 52-week years. All references to years relate to fiscal periods rather than calendar periods. References to 2015 , 2014 and 2013 are references to fiscal years ended December 28, 2015 , December 29, 2014 and December 30, 2013 , respectively. Use of estimates Preparing financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the Company’s consolidated financial statements and accompanying notes. Significant items that are subject to such estimates and assumptions include goodwill and intangible assets and related impairment analysis, fair value of stock based compensation and deferred tax asset valuation allowance. Although management bases its estimates on historical experience and assumptions that are believed to be reasonable under the circumstances, actual results may differ from those estimates. Cash and cash equivalents The Company considers all highly liquid investments with original maturities of three months or less when purchased to be cash equivalents. The Company maintains cash and cash equivalent balances with financial institutions that periodically exceed federally insured limits. The Company also holds limited funds, to the extent necessary, on deposit outside the United States. The Company makes such deposits with entities it believes are of high credit quality and has not incurred any losses related to these balances. Management believes its credit risk to be minimal. Accounts receivable Accounts receivable consist primarily of (a) amounts due from franchise owners for continuing fees that are collected weekly, (b) receivables for vendor rebates, and (c) other miscellaneous receivables. Accounts receivable are stated net of an allowance for doubtful accounts determined by management through an evaluation of specific accounts, considering historical losses and existing economic conditions where relevant. The Company recorded the following allowance for doubtful accounts: (in thousands) 2015 2014 Allowance for doubtful accounts $ 31 $ 60 Notes receivable Notes receivable consist primarily of amounts due from sales of Company-owned stores. Management reviews the notes receivable on a periodic basis and evaluates the creditworthiness and financial condition of the counterparty to determine the appropriate allowance, if any. If the store owner does not repay the note, the Company has the contractual right to take back ownership of the store based on the underlying franchise agreement, which therefore minimizes the credit risk to the Company. Stock subscriptions receivable Prior to our IPO , the Company issued common stock to certain employees for stock subscriptions receivable, which are not collateralized by the stock. The Company had the following outstanding Stock subscriptions receivable which have been classified as a reduction of equity: (in thousands) 2015 2014 Stock subscriptions receivable $ 100 $ 100 Inventories Inventories consist principally of food products and packaging supplies for use in Company-owned stores. Inventories are valued at the lower of cost, determined under the first-in, first-out method, or net realizable value. Property and equipment Property and equipment are recorded at cost. Property and equipment are depreciated using the straight-line method over the estimated useful lives of the assets. Leasehold improvements are amortized using the straight-line method over the shorter of the useful lives of the assets or the related lease term, including renewal options to the extent renewals are reasonably assured, not to exceed 10 years. The estimated useful lives for property and equipment are: Property and Equipment Estimated Useful Life Leasehold improvements Shorter of lease term or estimated useful life, not to exceed 10 years Restaurant equipment and fixtures 5 to 7 years Office furniture and equipment 3 to 7 years Software 3 to 5 years Vehicles 5 years Deferred financing costs Costs incurred to obtain long-term financing are accounted for as a deferred charge and amortized to interest expense over the terms of the respective debt agreements using the effective interest method. Unamortized deferred charges are recorded as a reduction from the carrying amount of the related debt liability in the Company’s Consolidated Balance Sheets . Stock issuance costs Costs of obtaining new capital by issuing common or preferred stock classified as permanent equity are considered a reduction of the related proceeds, which reduces the carrying value of the related equity capital. Until the close of stock issuance, costs are recorded as other current assets in the Company’s Consolidated Balance Sheets . Goodwill and other intangible assets Goodwill arises from business combinations and represents the excess of the purchase consideration transferred over the fair value of the net assets acquired, including identifiable intangible assets and liabilities assumed. The majority of the Company’s goodwill was generated upon the Lee Equity Acquisition in May 2010, though the Company has also recognized goodwill upon the acquisition of stores from franchise owners. Goodwill is assigned to reporting units for purposes of impairment testing. The Company considers its Trade name and trademarks to be indefinite-lived intangible assets. These assets were initially recognized in May 2010 upon the Lee Equity Acquisition . The Company’s intangible assets that are not indefinite-lived include franchise relationships and reacquired franchise rights. Goodwill and intangible assets determined to have an indefinite life are not amortized, but are tested for impairment annually, or more often if an event occurs or circumstances change that indicate an impairment might exist. Management evaluates indefinite-lived assets each reporting period to determine whether events and circumstances continue to support an indefinite useful life. Intangible assets with finite lives are amortized over their estimated useful lives on a straight-line basis and tested for impairment together with long-lived assets. In performing its annual goodwill impairment test, the Company first assesses qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is not “more likely than not” that the fair value of a reporting unit is less than its carrying amount. If the Company determines that it is more likely than not, it performs the two-step quantitative goodwill impairment test. Under the two-step quantitative goodwill impairment test, the fair value of the reporting unit is compared to its respective carrying amount, including goodwill. If the fair value exceeds the carrying amount, then no impairment exists. If the carrying amount exceeds the fair value, further analysis is performed to determine the amount of the impairment. Both the qualitative and quantitative assessments are completed separately with respect to the goodwill of each of the Company’s reporting units. The Company reviews goodwill for impairment annually, as of the first day of our fourth fiscal quarter, or more frequently if indicators of impairment exist. The Company can bypass the qualitative assessment and move directly to the quantitative assessment for any reporting unit in any period and can elect to resume performing the qualitative assessment in any subsequent period. Most of the Company’s goodwill is attributed to and tested for impairment at the Domestic Franchise segment, which is considered one reporting unit, as the segment does not have any components of a business for which discrete financial information is available and is regularly reviewed by segment management. In performing its annual impairment test for indefinite-lived intangible assets, the Company first assesses qualitatively whether it is more likely than not that the indefinite-lived intangible asset is impaired, thus necessitating a quantitative impairment test. The Company does not calculate the fair value of an indefinite-lived asset and perform the quantitative test unless it determines that it is more likely than not that the asset is impaired. The Company reviews indefinite-lived intangible assets for impairment annually, as of the first day of its fourth fiscal quarter, or more frequently if indicators of impairment exist. The Company can bypass the qualitative assessment and move directly to the quantitative assessment for any indefinite-lived intangible asset in any period and can elect to resume performing the qualitative assessment in any subsequent period. Impairment of long-lived assets Long-lived assets are evaluated for recoverability of the carrying amount whenever events and circumstances indicate the carrying amount of an asset may not be fully recoverable. Some of the events or changes in circumstances that would trigger an impairment review include, but are not limited to, significant under-performance relative to expected and/or historical results (such as two years of comparable store sales decrease or two years of negative operating cash flows), significant negative industry or economic trends, or knowledge of transactions involving the sale of similar property at amounts below the carrying value. Assets are grouped for recognition and measurement of impairment at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets. Typically, long-lived assets relating to Company-owned stores are tested for impairment at the level of the retail market in which they are located and long-lived assets relating to franchised operations are tested for impairment at each segment level. If the carrying amount of an asset group exceeds the estimated, undiscounted future cash flows expected to be generated by the asset, then an impairment charge is recognized to the extent the carrying amount exceeds the asset group’s fair value. In determining fair value, management considers current results, trends, future prospects, and other economic factors. Assets held for sale Assets are classified as held for sale when management with the appropriate authority commits to a plan to sell the assets, the assets are available for immediate sale, the assets are actively marketed at a reasonable price, the sale is probable within a year, and certain other criteria are met. Assets held for sale consist primarily of newly opened Company-owned stores or unopened stores under construction by the Company. Assets designated as held for sale are held at the lower of the net book value or fair value less costs to sell and reported separately on the Consolidated Balance Sheets . Depreciation is not charged against property and equipment classified as assets held for sale. Asset retirement obligations (“ ARO s”) ARO s are primarily associated with leasehold improvements which, at the end of a lease, the Company is obligated to remove in order to comply with certain lease agreements. At the inception of a lease with such conditions, the Company records an ARO and a corresponding capital asset in an amount equal to the estimated fair value of the obligation. Fair value is estimated based on a number of assumptions requiring management’s judgment, including store closing costs, cost inflation rates, and discount rates in effect at the time the lease is signed. Over time, the obligation is accreted to its projected future value and, upon satisfaction of the ARO conditions, any difference between the recorded liability and the actual retirement costs incurred is recognized as an operating gain or loss in the Consolidated Statements of Operations and Comprehensive Income (Loss) . The Company recorded the following ARO as a component of Other liabilities : (in thousands) 2015 2014 Asset retirement obligations $ 1,490 $ 1,190 Derivative instruments and hedging activity Interest rate movements create a degree of risk to the Company’s operations by affecting the amount of its interest payments and the value of its floating rate debt. On occasion, the Company uses derivative instruments to manage its exposure to interest rate changes. By using these instruments, the Company can be exposed to credit risk of the counterparty. The Company minimizes the credit risk by entering into transactions with high credit quality counterparties. The Company has not applied hedge accounting to its derivative instruments. All derivative instruments are measured at fair value. The Company held interest rate cap derivatives that expired in June 2013. Gains or losses resulting from changes in the fair value of the interest rate cap derivatives are recognized as a component of Interest expense, net in the Consolidated Statements of Operations and Comprehensive Income (Loss) . The Company does not hold or issue derivative financial instruments for trading or speculative purposes. Revenue recognition Company-owned store sales are recognized when products are provided to customers. Franchise royalties are based on a percentage of sales and are recognized as the fees are earned and become receivable from the franchise owner. Franchise fees are recognized as revenue when all material services or conditions relating to a store have been substantially performed or satisfied by the Company, which is typically when a new franchised store begins operations or on the commencement date of the successive franchise agreement. Development fees for the right to develop stores in specific geographic areas are recognized as revenue when all material services or conditions relating to the sale have been substantially performed, which is typically when the first franchised store begins operations in the development area. Development fees determined based on the number of stores to open in an area are deferred and recognized on a pro rata basis after individual franchise agreements are executed for the stores subject to the development agreements and the stores begin operations. Consideration for Franchise and development fees received in advance of being earned are included as unearned franchise and development fees in the Company’s Consolidated Balance Sheets . For fees paid on an installment basis that have otherwise been earned, recognition of revenue is deferred until collectability is certain. Lease and other consists primarily of (a) lease income recognized in the period earned, which generally coincides with the period the expense is due to the master leaseholder, if a sublease, and (b) software license revenue from the resale of point-of-sale (“ POS ”) software licenses to franchise owners at cost. The Company operates a system-wide gift card program and recognizes revenue from gift cards when a gift card is redeemed in a Company-owned store. When the likelihood of a gift card being redeemed by a customer is determined to be remote (“ gift card breakage ”), the value of the unredeemed gift card is recognized by the Company as a contribution to the advertising fund described under Advertising and marketing costs below. The Company determines the gift card breakage rate based upon Company-specific historical redemption patterns. Software revenue recognition The Company recognizes revenues for the resale of software licenses upon delivery to franchise owners to the extent collectability is probable. In an effort to obtain more favorable pricing and expedite the roll-out of POS systems, the Company acquired $4.5 million of POS software licenses in a lump sum purchase in 2013 and resells them to franchise owners at cost. Advertising and marketing costs Advertising costs, including contributions to local advertising cooperatives which are based on a percentage of sales, are expensed when incurred except for media development costs which are expensed when the advertisement is first aired. These costs are included in Store operating costs or Selling, general and administrative expenses based on the nature of the advertising and marketing costs incurred. Franchised and Company-owned stores in the United States contribute to an advertising fund that the Company manages on behalf of these stores. In addition, certain suppliers contribute to the advertising fund. Under our franchise agreements and other agreements, contributions received by the advertising fund must be spent on marketing, creative efforts, media support, or other related purposes specified in the agreements and result in no profit recognized. Contributions to the advertising fund are netted against the related expense. Expenditures of the advertising fund are primarily amounts paid to third-parties, but may also include personnel expenses and allocated costs. At each reporting date, to the extent contributions to the advertising fund exceed expenditures on a cumulative basis, the excess contributions are accounted for as a deferred liability and are recorded in accrued expenses in the Company’s Consolidated Balance Sheets . However, if expenditures exceed contributions on a cumulative basis, the excess is recorded as an expense within Selling, general and administrative expenses. In subsequent periods, previously recognized expenses may be recovered if subsequent contributions exceed expenditures. Advertising expense included in Selling, general and administrative , net of contributions was as follows: (in thousands) 2015 2014 2013 Advertising expense (recovery), net of contributions $ 1,200 $ (1,110 ) $ 1,110 As of December 28, 2015 , previously recognized expenses of $1.2 million may be recovered in future periods if subsequent advertising fund contributions exceed expenditures. Store pre-opening costs Pre-opening costs, including wages, benefits and travel for the training and opening teams, Cost of food and packaging , and Other store operating costs , are expensed as incurred prior to a store opening for business. Rent expense Rent expense for the Company’s leases, which generally have escalating rental payments over the term of the lease, is recorded on a straight-line basis over the lease term. The lease term includes renewal options that are reasonably expected to be exercised and begins when the Company has control and possession of the leased property, which is typically before rental payments are due under the lease. The difference between the rent expense and rent paid is recorded as deferred rent as a component of accrued expenses. Tenant allowances are recorded in deferred rent and amortized as reductions of rent expense over the lease term. Rent expense is included in Store Occupancy costs or Selling, general and administrative expenses, based on the nature of the leased facility. When a store is closed before the end of its lease, the Company accrues a loss provision for lease termination costs based on the net present value of the contractual, minimum rent obligations reduced by sublease rental income that could be reasonably obtained from the property using a credit-adjusted, risk-free interest rate at the time of closure. Certain other related costs are also included in the loss reserve. The initial charge and any subsequent adjustment to the accrual are included in Store Occupancy costs. Lease guarantees On occasion, the Company becomes a guarantor for certain operating leases when it sells a Company-owned store or a store under construction by the Company. The guarantee obligation is initially measured as the fair value of the guarantee, which is recorded as a liability. The Company recognizes its release from risk as a guarantor as the lease obligation is settled over the remaining lease term. In addition, throughout the guarantee period, the Company records a reserve when any loss becomes probable in connection with such lease guarantee. As of December 28, 2015 and December 29, 2014 , the Company’s recorded liability in connection with lease guarantees was as follows: (in thousands) 2015 2014 Lease guarantees $ 32 $ — Income taxes The Company accounts for income taxes using the asset and liability approach. This requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the financial statement and the tax basis of assets and liabilities at the applicable tax rates. A valuation allowance is recorded against deferred tax assets if, based on available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. The effect of uncertain tax positions would be recorded in the consolidated financial statements only after determining a more likely than not probability that the uncertain tax positions would withstand an examination by tax authorities based on the technical merits of the position. The tax benefit to be recognized is measured as the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement. As facts and circumstances change, management reassesses these probabilities and would record any changes in the financial statements as appropriate. As of December 28, 2015 and December 29, 2014 , the Company recognized no uncertain tax positions or any accrued interest and penalties associated with uncertain tax positions. Share-based compensation Under the 2010 Plan and the Company’s 2014 Management Incentive Plan (“ 2014 Plan ”), the Company sponsors stock option plans and restricted stock award plans. Restricted stock and stock options vest with the achievement of a time vesting or a performance vesting condition. Compensation expense relating to restricted stock with time vesting conditions is recognized as the portion of the grant date fair value that exceeds any purchase price paid for the stock and is ultimately expected to vest. This expense is recognized over the requisite service period, typically the vesting period, utilizing the straight-line attribution method. The fair value of stock option awards is estimated on the grant date using a Black-Scholes-Merton option-pricing model. The risk-free interest rate is based on the estimated effective life and is estimated based on U.S. Treasury Yield Curve rates. Since the Company has no relevant option exercise experience, the expected term is based on a simplified method calculation and the expected volatility is based on the historical volatility of the share price of a group of peer companies. Compensation expense relating to stock option awards is recognized as the portion of the grant date fair value that is ultimately expected to vest. This expense is recognized over the requisite service period, typically the vesting period, utilizing the straight-line attribution method. Business Combinations The Company accounts for business combinations under the acquisition method of accounting, recording any assets acquired and liabilities assumed based upon their respective fair values. Any excess of the fair value of purchase consideration over the fair value of the assets acquired less liabilities assumed is recorded as goodwill. The Company uses management estimates based on historically similar transactions to assist in establishing the acquisition date fair values of assets acquired, liabilities assumed, and contingent consideration granted, if any. These estimates and valuations require the Company to make significant assumptions, including projections of future events and operating performance. Internal use software Expenditures for major software purchases and software developed for internal use are capitalized and amortized over the useful life of the software ( three to five years) on a straight-line basis. The Company’s policy provides for the capitalization of external direct costs of materials and services associated with developing or obtaining internal-use computer software. Costs associated with preliminary project stage activities, training, maintenance and all other post-implementation stage activities are expensed as incurred. Reclassification As a result of the retrospective adoption of ASU 2015-03 (see “Recent accounting pronouncements” below), the Company made certain reclassifications to the prior year's long-term debt to conform to the balance sheet presentation as of December 28, 2015 . These reclassifications had no effect on the Company's consolidated financial position, shareholders' equity or net cash flows for any of the periods presented. As a result of the retrospective adoption of ASU 2015-17 (see “Recent accounting pronouncements” below), the Company made certain reclassifications to the prior year's deferred tax assets to conform to the balance sheet presentation as of December 28, 2015 . These reclassifications had no effect on the Company's consolidated financial position, shareholders' equity or net cash flows for any of the periods presented. In addition, certain amounts in the prior period financial statements have been reclassified to conform to the current period presentation. These reclassifications had no effect on the Company's consolidated financial position, shareholders' equity or net cash flows for any of the periods presented. Recent accounting pronouncements In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ ASU 2014-09 ”), a new standard to achieve a consistent application of revenue recognition within the U.S., resulting in a single revenue model to be applied by reporting companies under GAAP . The original effective date for ASU 2014-09 would have required adoption by the Company in the first quarter of fiscal 2017 with early adoption prohibited. In August 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606) - Deferral of the Effective Date (“ ASU 2015-14 ”), which defers the effective date of ASU 2014-09 for one year and permits early adoption in accordance with the original effective date of ASU 2014-09 . The new revenue standard is required to be applied retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying the standard recognized at the date of initial application. The Company has not yet selected a transition method. The standard will not impact the Company's recognition of revenue from Company-owned restaurants or its recognition of franchise royalties, which are based on a percentage of franchise sales. The Company is continuing to evaluate the impact the adoption

Acquisitions

Acquisitions	12 Months Ended
	Dec. 28, 2015
Business Combinations [Abstract]
Acquisitions	Note 3 — Acquisitions Investments The Company, through a non-wholly owned subsidiary, Project Pie Holdings, LLC (“ PPH ”), made investments in Project Pie, LLC (“ Project Pie ”) in the form of Series A Convertible Preferred Units (the “ Preferred Units ”). Project Pie is a fast casual custom-pizza restaurant chain with stores located throughout the United States, the Philippines and Scotland. The Company disposed of its ownership interests in PPH on June 29, 2015. Prior to the Company’s disposal of its ownership interests in PPH , it recorded a pre-tax impairment of $4.5 million to its investment in Project Pie . Earlier in 2015, the Company determined that Project Pie was a variable interest entity as a result of Project Pie having insufficient equity at risk, but that the Company did not have a variable interest in Project Pie and did not have control. The Company did not account for its investment in Project Pie as an equity method investment since the Company’s investment was in preferred units with subordination characteristics substantially different from the common units and were determined not to be in-substance common stock. The Company’s investment was classified as a cost method investment in Other assets . Acquisitions in 2015 On March 9, 2015, Papa Murphy’s Company Stores, Inc. (“ PMCSI ”), a wholly owned subsidiary of the Company, acquired certain assets used in the operation of six Papa Murphy’s stores in the Seattle, Washington, area from M2AD Management Inc., the previous operator of the six Papa Murphy’s stores (the “ M2AD Acquisition ”). Transaction costs of $30,000 associated with the M2AD Acquisition were recognized as Other store operating costs in the Consolidated Statements of Operations and Comprehensive Income (Loss) . The total purchase price of $4.1 million was funded through existing cash. The fair value of the net assets acquired are summarized below (in thousands): Cash and cash equivalents $ 5 Inventories 39 Prepaid expenses and other current assets 38 Property and equipment 406 Reacquired franchise rights 1,139 Asset retirement obligations (75 ) Total identifiable net assets acquired 1,552 Goodwill 2,554 Total consideration $ 4,106 Reacquired franchise rights have weighted average useful lives of 6.6 years . Goodwill represents the excess of the purchase price over the net tangible and intangible assets acquired and is expected to be fully deductible for income tax purposes. This goodwill is primarily attributable to the acquired customer bases and, to a lesser extent, economies of scale expected from combining the operations of the acquired entities with that of the Company. Unaudited pro forma information —The unaudited pro forma consolidated revenues and net income of the Company as though the acquisition date had been as of the beginning of 2014 are as follows: (in thousands) 2015 2014 Pro forma revenues $ 121,287 $ 102,592 Pro forma net income 4,958 1,331 The pro forma information presented in this note includes adjustments for amortization of acquired intangible assets, depreciation of acquired property and equipment, interest expense on borrowings used to fund the consideration paid and income tax expense. The pro forma information is presented for informational purposes and may not be indicative of the results that would have been obtained had the acquisitions actually occurred at the beginning of 2014 , nor is it intended to be indicative of future operating performance. Revenues and net income from the acquired stores from the closing date of the acquisition included in the Company’s Consolidated Statements of Operations and Comprehensive Income (Loss) for 2015 are as follows (in thousands): Revenues $ 4,220 Net income 307 PMCSI also acquired all of the assets of 17 stores through eight individually immaterial acquisitions during 2015 : eight stores in Tennessee, three in Washington, two in Texas, one in Idaho, one in Oregon, one in Colorado, and one in New Mexico. The Tennessee stores were acquired on January 26, 2015, the Washington stores on May 11, 2015, the Texas stores on March 9, 2015 and July 27, 2015, respectively, the Idaho store on January 12, 2015, the Oregon store on March 2, 2015, the Colorado store on May 4, 2015, and the New Mexico store on November 2, 2015. The Company incurred transaction costs of $33,000 associated with the acquisitions that were recognized as Other store operating costs in the Consolidated Statements of Operations and Comprehensive Income (Loss) . The total purchase price for the acquired stores of $5.5 million was funded through existing cash. The fair value of the net assets acquired are summarized below (in thousands): Cash and cash equivalents $ 10 Inventories 85 Prepaid expenses and other current assets 69 Property and equipment 1,360 Reacquired franchise rights 1,041 Asset retirement obligations (185 ) Total identifiable net assets acquired 2,380 Goodwill 3,134 Total consideration $ 5,514 Reacquired franchise rights have weighted average useful lives of 3.4 years . Goodwill represents the excess of the purchase price over the net tangible and intangible assets acquired and is expected to be fully deductible for income tax purposes. This goodwill is primarily attributable to the acquired customer bases and, to a lesser extent, economies of scale expected from combining the operations of the acquired entities with that of the Company. Unaudited pro forma information —The unaudited pro forma consolidated revenues and net income of the Company as though the acquisition dates had been as of the beginning of 2014 are as follows: (in thousands) 2015 2014 Pro forma revenues $ 122,183 $ 105,222 Pro forma net income 4,932 1,244 The pro forma information presented in this note includes adjustments for amortization of acquired intangible assets, depreciation of acquired property and equipment, interest expense on borrowings used to fund the consideration paid and income tax expense. The pro forma information is presented for informational purposes and may not be indicative of the results that would have been obtained had the acquisitions actually occurred at the beginning of 2014 , nor is it intended to be indicative of future operating performance. Revenues and net loss from the acquired stores from the closing dates of the acquisitions that are included in the Company’s Consolidated Statements of Operations and Comprehensive Income (Loss) for 2015 are as follows (in thousands): Revenues $ 6,594 Net loss (322 ) Acquisitions in 2014 On August 18, 2014, Papa Murphy’s Company Stores, Inc. (“ PMCSI ”), a wholly owned subsidiary of the Company, acquired certain assets used in the operation of nine Papa Murphy’s stores in the Minneapolis, Minnesota area from Drake Enterprises, the previous operator of the nine Papa Murphy’s stores. Transaction costs of $59,000 associated with the acquisition were recognized as Other store operating costs in the Consolidated Statements of Operations and Comprehensive Income (Loss) . The total purchase price of $3.5 million was funded through cash and the issuance of a $2.9 million note payable to the seller (see Note 10 — Financing Arrangements ). The fair value of the net assets acquired are summarized below (in thousands): Cash and cash equivalents $ 4 Inventories 46 Prepaid expenses and other current assets 33 Property and equipment 546 Reacquired franchise rights 516 Asset retirement obligations (61 ) Total identifiable net assets acquired 1,084 Goodwill 2,369 Total consideration $ 3,453 Reacquired franchise rights have weighted average useful lives of 3.3 years . Goodwill represents the excess of the purchase price over the net tangible and intangible assets acquired and is expected to be fully deductible for income tax purposes. This goodwill is primarily attributable to the acquired customer bases and, to a lesser extent, economies of scale expected from combining the operations of the acquired entities with that of the Company. Unaudited pro forma information —The unaudited pro forma consolidated revenues and net income (loss) of the Company as though the acquisition date had been as of the beginning of 2013 are as follows: (in thousands) 2014 2013 Pro forma revenues $ 100,307 $ 85,215 Pro forma net income (loss) 1,208 (2,605 ) The pro forma information presented in this note includes adjustments for amortization of acquired intangible assets, depreciation of acquired property and equipment, interest expense on borrowings used to fund the consideration paid and income tax expense. The pro forma information is presented for informational purposes and may not be indicative of the results that would have been obtained had the acquisitions actually occurred at the beginning of 2013 , nor is it intended to be indicative of future operating performance. Revenues and net loss from the acquired stores from the closing date of the acquisition included in the Company’s Consolidated Statements of Operations and Comprehensive Income (Loss) for 2014 are as follows (in thousands): Revenues $ 2,039 Net loss (56 ) PMCSI also acquired all of the assets of thirteen stores through six individually immaterial acquisitions during 2014 : five stores in Florida, four in Texas, three in Oregon, and one in Washington. The Florida stores were acquired on December 1, 2014, the Texas stores were acquired on December 4, 2014, the Oregon stores were acquired on December 8, 2014, and the Washington store was acquired on November 25, 2014. The Company incurred transaction costs of $6,000 associated with the acquisitions that were recognized as Other store operating costs in the Consolidated Statements of Operations and Comprehensive Income (Loss) . The total purchase price for the acquired stores of $4.1 million was funded through cash. The fair value of the net assets acquired are summarized below (in thousands): Cash and cash equivalents $ 5 Inventories 67 Prepaid expenses and other current assets 58 Property and equipment 1,191 Reacquired franchise rights 292 Asset retirement obligations (111 ) Total identifiable net assets acquired 1,502 Goodwill 2,633 Total consideration $ 4,135 Reacquired franchise rights have weighted average useful lives of 2.7 years . Goodwill represents the excess of the purchase price over the net tangible and intangible assets acquired and is expected to be fully deductible for income tax purposes. This goodwill is primarily attributable to the acquired customer bases and, to a lesser extent, economies of scale expected from combining the operations of the acquired entities with that of the Company. Unaudited pro forma information —The unaudited pro forma consolidated revenues and net income (loss) of the Company as though the acquisition dates had been as of the beginning of 2013 are as follows: (in thousands) 2014 2013 Pro forma revenues $ 102,975 $ 86,497 Pro forma net income (loss) 1,087 (2,780 ) The pro forma information presented in this note includes adjustments for amortization of acquired intangible assets, depreciation of acquired property and equipment, interest expense on borrowings used to fund the consideration paid and income tax expense. The pro forma information is presented for informational purposes and may not be indicative of the results that would have been obtained had the acquisitions actually occurred at the beginning of 2013 , nor is it intended to be indicative of future operating performance. Revenues and net loss from the acquired stores from the closing dates of the acquisitions that are included in the Company’s Consolidated Statements of Operations and Comprehensive Income (Loss) for 2014 are as follows (in thousands): Revenues $ 538 Net loss (16 ) Acquisitions in 2013 On December 16, 2013, PMCSI acquired all of the assets of four stores in Idaho from TBD Business Group and incurred transaction costs of $103,000 associated with the acquisition which were recognized as other store operating costs in the consolidated statement of operations and comprehensive loss. The total purchase price for the acquired stores of $7.0 million was funded through cash, advances on the Company’s senior secured revolving credit facility, and a note payable to the seller for $3.0 million (see Note 10 — Financing Arrangements ). The fair value of the net assets acquired are summarized below (in thousands): Cash and cash equivalents $ 3 Inventories 31 Prepaid expenses and other current assets 13 Property and equipment 266 Reacquired franchise rights 3,625 Asset retirement obligations (26 ) Total identifiable net assets acquired 3,912 Goodwill 3,135 Total consideration $ 7,047 Reacquired franchise rights have weighted average useful lives of 7.9 years . Goodwill represents the excess of the purchase price over the net tangible and intangible assets acquired and is expected to be fully deductible for income tax purposes. This goodwill is primarily attributable to the acquired customer bases and to a lesser extent economies of scale expected from combining the operations of the acquired entities with that of the Company. Unaudited pro forma information —The unaudited pro forma consolidated revenues and net loss of the Company as though the acquisition date had been as of the beginning of 2012 are as follows: (in thousands) 2013 2012 Pro forma revenues $ 84,523 $ 71,129 Pro forma net loss (2,669 ) (2,133 ) The pro forma information presented in this note includes adjustments for amortization of acquired intangible assets, depreciation of acquired property and equipment, interest expense on borrowings used to fund the consideration paid and income tax expense. The pro forma information is presented for informational purposes and may not be indicative of the results that would have been obtained had the acquisitions actually occurred at the beginning of 2012 , nor is it intended to be indicative of future operating performance. Revenues and net loss from the acquired stores from the closing date of the acquisition that are included in the Company’s Consolidated Statements of Operations and Comprehensive Income (Loss) for 2013 are as follows (in thousands): Revenues $ 168 Net loss (3 ) On November 4, 2013, PMCSI acquired all the assets of four stores, three in Minnesota and one in Wisconsin, from KK Great Pizza, LLC and incurred transaction costs of $56,000 associated with the acquisition which were recognized as other store operating costs in the consolidated statement of operations and comprehensive loss. The total purchase price for the acquired stores of $2.5 million was funded through cash and advances on the Company’s senior secured revolving credit facility. The fair value of the net assets acquired are summarized below (in thousands): Cash and cash equivalents $ 3 Inventories 23 Prepaid expenses and other current assets 20 Property and equipment 276 Reacquired franchise rights 547 Asset retirement obligations (23 ) Total identifiable net assets acquired 846 Goodwill 1,604 Total consideration $ 2,450 Reacquired franchise rights have weighted average useful lives of 2.5 years . Goodwill represents the excess of the purchase price over the net tangible and intangible assets acquired and is expected to be fully deductible for income tax purposes. This goodwill is primarily attributable to the acquired customer bases and to a lesser extent economies of scale expected from combining the operations of the acquired entities with that of the Company. Unaudited pro forma information —The unaudited pro forma consolidated revenues and net loss of the Company as though the acquisition date had been as of the beginning of 2012 are as follows: (in thousands) 2013 2012 Pro forma revenues $ 82,843 $ 69,697 Pro forma net loss (2,626 ) (2,173 ) The pro forma information presented in this note includes adjustments for amortization of acquired intangible assets, depreciation of acquired property and equipment, interest expense on borrowings used to fund the consideration paid and income tax expense. The pro forma information is presented for informational purposes and may not be indicative of the results that would have been obtained had the acquisitions actually occurred at the beginning of 2012 , nor is it intended to be indicative of future operating performance. Revenues and net loss from the acquired stores from the closing date of the acquisition that are included in the Company’s Consolidated Statements of Operations and Comprehensive Income (Loss) for 2013 are as follows (in thousands): Revenues $ 473 Net loss (21 ) PMCSI also acquired all of the assets of eleven stores through five individually immaterial acquisitions during 2013 : four stores in Washington, four in Minnesota, two in Colorado, and one in Oregon. The Washington stores were acquired on January 9, 2013, the Minnesota stores were acquired on June 4, 2013, the Colorado stores were acquired on July 9, 2013 and October 14, 2013, and the Oregon store was acquired on March 26, 2013. The Company incurred transaction costs of $22,000 associated with the acquisitions that were recognized as Other store operating costs in the Consolidated Statements of Operations and Comprehensive Income (Loss) . The total purchase price for the acquired stores of $3.9 million was funded through cash and advances on the Company’s senior secured revolving credit facility. The fair value of the net assets acquired are summarized below (in thousands): Cash and cash equivalents $ 6 Inventories 67 Prepaid expenses and other current assets 44 Property and equipment 804 Reacquired franchise rights 759 Asset retirement obligations (6 ) Total identifiable net assets acquired 1,674 Goodwill 2,259 Total consideration $ 3,933 Reacquired franchise rights have weighted average useful lives of 2.7 years . Goodwill represents the excess of the purchase price over the net tangible and intangible assets acquired and is expected to be fully deductible for income tax purposes. This goodwill is primarily attributable to the acquired customer bases and to a lesser extent economies of scale expected from combining the operations of the acquired entities with that of the Company. Unaudited pro forma information —The unaudited pro forma consolidated revenues and net loss of the Company as though the acquisition dates had been as of the beginning of 2012 are as follows: (in thousands) 2013 2012 Pro forma revenues $ 82,499 $ 72,962 Pro forma net loss (2,510 ) (2,170 ) The pro forma information presented in this note includes adjustments for amortization of acquired intangible assets, depreciation of acquired property and equipment, interest expense on borrowings used to fund the consideration paid and income tax expense. The pro forma information is presented for informational purposes and may not be indicative of the results that would have been obtained had the acquisitions actually occurred at the beginning of 2012 , nor is it intended to be indicative of future operating performance. Revenues and net loss from the acquired stores from the closing dates of the acquisitions that are included in the Company’s Consolidated Statements of Operations and Comprehensive Income (Loss) for 2013 are as follows (in thousands): Revenues $ 4,671 Net loss (186 )

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	12 Months Ended
	Dec. 28, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses and Other Current Assets	Note 4 — Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consist of the following: (in thousands) 2015 2014 Prepaid media development costs $ 352 $ 593 Prepaid rents and insurance 1,079 620 Taxes receivable 2,872 154 POS software licenses for resale 660 1,800 Assets held for sale 605 — Advertising cooperative assets, restricted 26 149 Other 545 256 Total prepaid expenses and other current assets $ 6,139 $ 3,572 Prepaid media development costs represent costs incurred for advertisements that have not aired. Assets held for sale includes stores under construction or opened in the past twelve months that the Company is actively marketing to new or existing franchisees. During 2015 , the Company recognized $1.0 million in software license revenue upon the resale of POS software licenses to franchise owners at cost. The income from the sale is included in Lease and other revenues and the related expense is recorded in Selling, general and administrative costs on the Consolidated Statements of Operations and Comprehensive Income (Loss) .

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 28, 2015
Property, Plant and Equipment [Abstract]
Property and Equipment	Note 5 — Property and Equipment Property and equipment, net , consists of the following: (in thousands) 2015 2014 Leasehold improvements $ 7,099 $ 4,527 Restaurant equipment and fixtures 10,803 6,950 Office furniture and equipment 5,575 5,312 Software 5,291 3,374 Vehicles 92 92 Construction in progress 6,193 1,153 35,053 21,408 Accumulated depreciation and amortization (13,792 ) (9,288 ) Property and equipment, net $ 21,261 $ 12,120 Depreciation expense during the periods reported was as follows: (in thousands) 2015 2014 2013 Depreciation expense $ 4,680 $ 3,015 $ 2,405 The Company recognized an impairment loss of $0.6 million in 2013 related to certain underperforming Company-owned stores. No impairment loss was recognized during 2015 or 2014.

Divestitures

Divestitures	12 Months Ended
	Dec. 28, 2015
Discontinued Operations and Disposal Groups [Abstract]
Divestitures	Note 6 — Divestitures In November 2015 , the Company decided to sell four Company-owned stores located in the Denver, Colorado area. On December 28, 2015 , the Company completed the sale and refranchise of the four Company-owned stores for $1.3 million in cash, and recognized a pre-tax gain of $0.4 million . In connection with the sale, the acquirer paid $60,000 in franchise fees. This disposition did not meet the criteria for accounting as a discontinued operation. The following is a summary of the assets sold as of December 28, 2015 (in thousands). Leasehold improvements $ 341 Restaurant equipment and fixtures 367 Property and equipment 708 Prepaid expenses and other current assets 22 Intangible assets 8 Goodwill 263 Total assets sold $ 1,001 In September 2013 , the Company decided to sell nine Company-owned stores located in Wichita, Kansas. On November 11, 2013 , the Company completed the sale and refranchise of the nine Company-owned stores for $0.8 million , and recognized a gain of $3,000 . In connection with the sale, the acquirer paid $0.1 million in franchise fees. The Company received $0.1 million in cash and a one -year note receivable for $0.8 million in connection with this transaction. This disposition did not meet the criteria for accounting as a discontinued operation. Current assets and liabilities of these stores were not material. The following is a summary of the assets sold as of November 11, 2013 (in thousands). Leasehold improvements $ 338 Restaurant equipment and fixtures 184 Property and equipment 522 Goodwill 240 Total assets sold $ 762

Goodwill

Goodwill	12 Months Ended
	Dec. 28, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Note 7 — Goodwill The following summarizes changes to the Company’s Goodwill , by reportable segment: (in thousands) Domestic Company Stores Domestic Franchise Total Balance at December 30, 2013 $ 14,543 $ 81,546 $ 96,089 Acquisitions 5,002 — 5,002 Disposition (9 ) — (9 ) Balance at December 29, 2014 19,536 81,546 101,082 Acquisitions 5,687 — 5,687 Disposition (263 ) — (263 ) Balance at December 28, 2015 $ 24,960 $ 81,546 $ 106,506 There is no Goodwill associated with the International segment. The Company did not recognize any impairment of goodwill during 2015 , 2014 or 2013 as management has concluded that none of its reporting units with a material amount of goodwill are at risk for failing step one of the quantitative assessment. The Company recorded Goodwill disposals in 2015 , 2014 and 2013 from the sale of Company-owned stores to franchise owners.

Intangible Assets

Intangible Assets	12 Months Ended
	Dec. 28, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Note 8 — Intangible Assets Intangible assets consist of the following: 2015 (in thousands) Gross Carrying Amount Accumulated Amortization Net Weighted Average Amortization Period Intangible assets subject to amortization: Franchise relationships $ 56,000 $ (19,788 ) $ 36,212 16.0 Reacquired franchise rights 8,366 (3,212 ) 5,154 6.0 Net intangible assets subject to amortization $ 64,366 $ (23,000 ) $ 41,366 14.5 Intangible assets not subject to amortization Trade name and trademarks $ 87,002 2014 (in thousands) Gross Carrying Amount Accumulated Amortization Net Weighted Average Amortization Period Intangible assets subject to amortization: Franchise relationships $ 56,000 $ (16,289 ) $ 39,711 16.0 Reacquired franchise rights 7,789 (2,985 ) 4,804 5.3 Net intangible assets subject to amortization $ 63,789 $ (19,274 ) $ 44,515 14.7 Intangible assets not subject to amortization Trade name and trademarks $ 87,002 Reacquired franchise rights were recorded as part of the Company’s acquisitions of franchised stores as discussed in Note 3 — Acquisitions . Trade name and trademarks are intangible assets determined to have indefinite lives and are not subject to amortization. Management has concluded that none of its reporting units with a material amount of intangible assets not subject to amortization are at risk for failing step one of the quantitative assessment. Amortization expense during the periods reported was as follows: (in thousands) 2015 2014 2013 Amortization expense $ 5,322 $ 5,037 $ 4,568 The estimated future amortization expense of amortizable intangible assets as of December 28, 2015 is as follows (in thousands): Fiscal years 2016 $ 4,976 2017 4,656 2018 4,331 2019 4,068 2020 3,945 Thereafter 19,390 $ 41,366

Notes Receivable (Notes)

Notes Receivable (Notes)	12 Months Ended
	Dec. 28, 2015
Receivables [Abstract]
Notes Receivable	Note 9 — Notes Receivable Notes receivable consist of the following: (in thousands) 2015 2014 Note maturing in 2020 bearing interest at 9.0% and collateralized by store assets $ 221 $ 287 Total notes receivable 221 287 Less current portion (78 ) (62 ) Notes receivable, net of current portion $ 143 $ 225

Financing Arrangements

Financing Arrangements	12 Months Ended
	Dec. 28, 2015
Debt Disclosure [Abstract]
Financing Arrangements	Note 10 — Financing Arrangements Long-term debt consists of the following: (in thousands) 2015 2014 Term loan under 2014 credit facility $ 109,200 $ 112,000 Notes payable 3,000 3,000 Total principal amount of long-term debt 112,200 115,000 Less unamortized debt issuance costs (1,163 ) (1,485 ) Total long-term debt 111,037 113,515 Less current portion (2,800 ) (2,800 ) Total long-term debt, net of current portion $ 108,237 $ 110,715 Maturities on long-term debt consist of the following: (in thousands) Senior Secured Term Loan Notes Payable Total Fiscal Years 2016 $ 2,800 $ — $ 2,800 2017 7,000 — 7,000 2018 5,600 3,000 8,600 2019 93,800 — 93,800 $ 109,200 $ 3,000 $ 112,200 The weighted average interest rate across all senior secured credit facilities for 2015 , 2014 and 2013 was 4.60% , 5.45% and 6.22% , respectively. 2014 senior secured credit facility On August 28, 2014, PMI Holdings, Inc., a wholly-owned subsidiary of the Company, entered into a $132.0 million senior secured credit facility (the “ 2014 Credit Facility ”) consisting of a $112.0 million term loan and a $20.0 million revolving credit facility, which includes a $2.5 million letter of credit sub-facility and a $1.0 million swing-line loan sub-facility. Closing and structuring fees of $1.6 million were incurred as a result of this transaction which will be amortized over the duration of the loan. The term loan and any loans made under the revolving credit facility mature in August 2019 . Borrowings under the 2014 Credit Facility bear interest at a rate per annum equal to an applicable margin based on the Company’s consolidated leverage ratio, plus, at the Company’s option, either (a) a base rate determined by reference to the highest of (i) the “Prime Rate” publicly quoted by The Wall Street Journal, (ii) the federal funds rate plus 50 basis points, or (iii) the LIBOR rate with a one-month interest period plus 100 basis points, or (b) a LIBOR rate determined for the specified interest period. The applicable margin for borrowings under the 2014 Credit Facility ranges from 150 to 225 basis points for base rate borrowings and 250 to 325 basis points for LIBOR rate borrowings. The 2014 Credit Facility includes customary fees for loan facilities of this type, including a commitment fee on the revolving credit facility. As of December 28, 2015 , the 2014 Credit Facility bore interest under the LIBOR rate option at 3.48% . The obligations under the 2014 Credit Facility are guaranteed by certain domestic subsidiaries of the Company (the “ subsidiary guarantors ”) and are secured by substantially all assets of the Company and the subsidiary guarantors . The 2014 Credit Facility also contains customary affirmative and negative covenants that are typical for loan facilities of this type, including covenants that, among other things, restrict our ability and the ability of our subsidiaries to incur indebtedness, issue certain types of equity, incur liens, enter into fundamental changes, including mergers and consolidations, sell assets, make dividends, distributions and investments, and prepay subordinated indebtedness, subject to customary exceptions. The 2014 Credit Facility also includes certain financial covenants with respect to a maximum consolidated leverage ratio and a minimum interest coverage ratio. With a maturity date of over one year from December 28, 2015 , balances outstanding under the 2014 Credit Facility are classified as non-current on the Consolidated Balance Sheets , except for mandatory, minimum term loan amortization payments of $0.7 million due on the last day of each fiscal quarter, increasing to $1.4 million on September 26, 2016 . 2013 senior secured credit facility In August 2014, the borrowings under the 2014 Credit Facility refinanced the $177.0 million senior secured credit facility entered into in October 2013 (the “ 2013 Credit Facility ”), which included a $167.0 million senior secured term loan and a $10.0 million revolving credit facility, including a $2.5 million letter of credit sub-facility. The terms of the 2013 Credit Facility were substantially similar to those of the 2014 Credit Facility , except that the applicable margin for borrowings ranged from 300 basis points to 475 basis points for base rate borrowings and 450 to 575 basis points for LIBOR borrowings. On May 7, 2014 , the Company prepaid $55.5 million of its long-term debt under the 2013 Credit Facility in connection with the IPO . A proportionate share of deferred financing costs of $1.2 million were expensed as a Loss on early retirement of debt on the Company’s Consolidated Statements of Operations and Comprehensive Income (Loss) at the time of this debt prepayment. 2013 recapitalization On October 25, 2013, the Company refinanced its existing long-term debt, consisting of a senior secured term loan and a revolving credit facility (collectively, the “ 2012 Credit Facility ”). The Company used a portion of the proceeds from its new credit facility and cash on hand to pay accreted dividends and provide a partial return of investment capital to its preferred stockholders. The refinancing also lowered the Company’s cost of capital through lower interest rates on its debt. This transaction is referred to as the “ 2013 Recapitalization .” The following is a summary of the sources and uses of the 2013 Recapitalization (in thousands): New senior secured term loan $ 167,000 Repayment of existing debt, accrued interest and fees $ 122,483 Existing debt prepayment penalty 724 Transaction costs incurred on new debt 3,389 Payment of accreted dividends on preferred stock subject to put options 813 Payment of preferred dividend and return of invested capital 30,691 Cash available for acquisitions 8,900 Total uses $ 167,000 Notes payable PMCSI has a note payable for $3.0 million which bears interest at 5% and matures in December 2018 . This note is subordinated to the senior secured credit facility. As part of the Drake Enterprises store acquisition, PMCSI issued a note payable for $2.9 million to Drake Enterprises in August 2014. The note bore interest at 7% and was scheduled to mature in April 2019 with an acceleration clause in the event of a refinancing of the 2013 Credit Facility . The note was paid in full during September 2014 . Deferred financing costs and prepayment penalties In conjunction with the 2014 Credit Facility , the Company evaluated the refinancing of the 2013 Credit Facility and determined that the borrowing was extinguished and not modified. Accordingly, unamortized deferred financing costs of $2.3 million from the 2013 Credit Facility and a prepayment penalty of $1.1 million were expensed as a Loss on early retirement of debt . The Company incurred $1.6 million in financing costs which was capitalized and is being amortized using an effective interest rate method. In conjunction with the 2013 Recapitalization , the Company evaluated the refinancing of the 2012 Credit Facility and determined that $33.6 million was modified and $87.0 million was extinguished. Accordingly, a prepayment penalty of $0.7 million and unamortized deferred financing costs of $2.9 million associated with the 2012 Credit Facility were expensed as a Loss on early retirement of debt . The Company incurred $3.3 million in financing costs of which $0.4 million was expensed as incurred and $2.9 million was capitalized and amortized using an effective interest rate method. Deferred financing costs amortized to interest expense in the Consolidated Statements of Operations and Comprehensive Income (Loss) during the periods reported were as follows (in thousands): (in thousands) 2015 2014 2013 Deferred financing costs amortized to interest expense $ 321 $ 563 $ 790 Amortization of deferred financing costs in the future is expected to be as follows (in thousands): Fiscal Years 2016 $ 330 2017 319 2018 313 2019 201 $ 1,163

Fair Value Measurement

Fair Value Measurement	12 Months Ended
	Dec. 28, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurement	Note 11 — Fair Value Measurement The Company determines the fair value of assets and liabilities based on the price that would be received to sell the asset or paid to transfer the liability to a market participant. GAAP defines a fair value hierarchy that prioritizes the assumptions used to measure fair value. The three levels of the fair value hierarchy are defined as follows: ▪ Level 1 — Quoted prices in active markets for identical assets or liabilities that the entity has the ability to access. ▪ Level 2 — Observable inputs other than prices included in Level 1, such as 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; or other inputs that are observable or can be corroborated with observable market data ▪ Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets and liabilities. This includes certain pricing models, discounted cash flow methodologies, and similar techniques that use significant unobservable inputs. The following table presents information about the Company’s assets and liabilities measured at fair value on a recurring basis: 2015 2014 (in thousands) CARRYING VALUE FAIR VALUE CARRYING VALUE FAIR VALUE FAIR VALUE MEASUREMENTS Financial assets Notes receivable (1) $ 221 $ 224 $ 287 $ 288 Level 3 Cost-method investments (2) — — 4,000 5,055 Level 3 (1) The fair value of notes receivable was estimated primarily using a discounted cash flow method based on a discount rate, reflecting the applicable credit spread. (2) The fair value of cost-method investments was estimated primarily using a discounted cash flow method based on a discount rate, reflecting the applicable credit spread. Financial instruments not included in the table above consist of cash and cash equivalents, accounts receivable, accounts payable and long-term debt. The fair value of cash and cash equivalents, accounts receivable and accounts payable approximates carrying value because of the short-term nature of the accounts. The fair value of long-term debt approximates carrying value because the borrowings are made with variable market rates and negotiated terms and conditions that are consistent with current market rates.

Accrued and Other Liabilities

Accrued and Other Liabilities	12 Months Ended
	Dec. 28, 2015
Payables and Accruals [Abstract]
Accrued and Other Liabilities	Note 12 — Accrued and Other Liabilities Accrued expenses and other current liabilities consist of the following: (in thousands) 2015 2014 Accrued compensation and related costs $ 3,699 $ 3,670 Gift cards and certificates payable 2,902 2,912 Accrued interest and non-income taxes payable 855 745 Convention fund balance 626 271 Advertising and development fund — 507 Unearned product rebates 922 791 Advertising cooperative liabilities 137 253 Other 615 704 $ 9,756 $ 9,853

Income Taxes

Income Taxes	12 Months Ended
	Dec. 28, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Note 13 — Income Taxes The components of the provision for income taxes are as follows: (in thousands) 2015 2014 2013 Current tax provision Federal $ 83 $ 9 $ 9 State 278 103 71 361 112 80 Deferred tax provision (benefit) Federal 2,211 958 299 State (504 ) 165 645 1,707 1,123 944 Total provision for income taxes $ 2,068 $ 1,235 $ 1,024 The components of the non-current deferred tax liability are as follows: (in thousands) 2015 2014 Net current deferred income tax asset Assets Unearned franchise and development fees $ 858 $ 683 Convention and Advertising funds balance 232 101 Compensation accruals 422 3 Gift card accruals 414 465 Other 619 519 Total current deferred tax assets 2,545 1,771 Liabilities Other (162 ) (434 ) Net current deferred income tax asset $ 2,383 $ 1,337 Net noncurrent deferred income tax liability Assets Asset retirement obligation $ 172 $ 160 Deferred rent 206 177 Share-based compensation 901 588 Net operating loss — 1,874 Liabilities Fixed asset, goodwill, and intangible asset basis differences (44,491 ) (44,386 ) Other (1,610 ) (482 ) Net non-current deferred income tax liability $ (44,822 ) $ (42,069 ) As of December 28, 2015 , the Company had no federal or state net operating loss carry forwards. As of December 29, 2014 , the Company had federal and state net operating loss carry forwards of $5.0 million and $3.9 million , respectively. The Company had no federal or state credit carryovers as of December 28, 2015 . At December 28, 2015 , the Company had no unrecognized tax benefits that, if recognized, would affect the effective tax rate. The Company did not have any tax positions for which it is reasonably possible that the total amount of unrecognized tax benefits will significantly increase or decrease within the next 12 months. As of December 28, 2015 , the Company had no accrued interest or penalties related to uncertain tax positions. The tax years that remain subject to examination by federal and major states’ taxing jurisdictions are those for fiscal years 2012 through 2015 . Tax benefits for federal and state net operating loss carry forwards are recorded as an asset to the extent that management assesses the utilization of such assets to be “more likely than not”; otherwise, a valuation allowance is required to be recorded. The Company has looked to future reversals of existing taxable temporary differences in determining that its federal and state net operating loss carry forwards are more likely than not to be utilized prior to their expiration dates. Consequently, no valuation allowance has been recorded for the deferred tax assets. The Company will continue to evaluate the need for a valuation allowance in the future. Changes in estimated future taxable income and other underlying factors may lead to adjustments to the valuation allowance in the future. A reconciliation of income tax at the United States federal statutory tax rate (using a statutory tax rate of 34% ) to income tax expense for the periods reported is as follows: (in thousands) 2015 2014 2013 Federal income tax provision based on statutory rate $ 2,203 $ 844 $ (534 ) State and local income tax effect 314 177 65 Effect of change in blended state rate (464 ) — 408 Non-deductible expenses 133 254 90 Tax shortfall created by put option cancellation — — 995 Tax credits and other (118 ) (40 ) — Provision for income taxes $ 2,068 $ 1,235 $ 1,024

Shareholders_ Equity

Shareholders’ Equity	12 Months Ended
	Dec. 28, 2015
Equity [Abstract]
Shareholders’ Equity	Note 14 — Shareholders’ Equity Preferred stock Prior to the IPO , the Company’s Preferred Shares had a cumulative preferred dividend of 6.00% per year based on an original liquidation value of $36.68 per share. Upon liquidation of the Company, the holders of the Preferred Shares were entitled to receive the unpaid liquidation value plus accreted dividends before any distribution could be made to the holders of common stock. In addition, the Preferred Shares participated in 20% of all remaining earnings if distributed to common stockholders. The unpaid liquidation value of the Series A and Series B Preferred Shares was $21.14 and $26.80 per share, respectively, as of the IPO . At the IPO , the Preferred Shares were converted into 3,054,318 shares of common stock. Noncontrolling interests During 2015 , 2014 and 2013 , the Company received investments by noncontrolling interest holders in PPH . Investment amounts for the reported periods were as follows: (in thousands) 2015 2014 2013 Additional investment by noncontrolling interest holders in PPH $ 56 $ 222 $ 241

Share-based Compensation

Share-based Compensation	12 Months Ended
	Dec. 28, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-based Compensation	Note 15 — Share-based Compensation In May 2010, the Company’s Board of Directors approved the 2010 Plan . In May 2014, the Company’s Board of Directors adopted the 2014 Plan (together with the 2010 Plan , the “ Incentive Plans ”). The Incentive Plans reserve 2,116,747 common shares for equity incentive awards consisting of incentive stock options, non-qualified stock options, restricted stock awards, and unrestricted stock awards. Equity incentive awards may be issued from either the 2010 Plan or the 2014 Plan . Restricted common shares Under the Incentive Plans , the Company has issued 584,017 and 610,084 shares of restricted common stock to eligible employees as of December 28, 2015 and December 29, 2014 , respectively. The restricted common stock is subject to either time or performance vesting conditions. Time vesting shares issued under the 2010 Plan have generally vested 20% on each of the five anniversaries of the sale date. Time vesting shares previously granted under the 2014 Plan have generally vested 100% on the one -year anniversary of the grant date. Performance vesting shares vest when the volume-weighted average closing price per share of Papa Murphy’s common stock equals or exceeds $22.00 per share for 90 consecutive trading days. To the extent the fair value on the date of the sale or award exceeds the sale price, if any, the excess is recognized as compensation expense as a component of Selling, general and administrative expenses. Compensation expense for time vesting shares is recognized over the requisite service period on a straight line basis. During 2015, it was deemed probable that the performance vesting condition would be met and compensation expense has been recorded on a straight line basis from the date of issuance over the initial estimated service period. The Company has a right to repurchase shares sold to employees under the 2010 Plan in the case of a qualifying sale, bankruptcy event, or a termination event of the employee who purchased shares. Unvested shares as of the date of these events, including a grantee’s resignation, are repurchased at the original sale price. Since the IPO , the Company generally does not repurchase vested shares from terminated employees. Information with respect to restricted stock is as follows: NUMBER OF SHARES OF RESTRICTED COMMON STOCK TIME VESTING PERFORMANCE VESTING WEIGHTED AVERAGE SALE/GRANT DATE FAIR VALUE PER SHARE Unvested, 2014 127,650 215,556 $ 2.27 Granted 7,877 — 19.05 Vested (78,472 ) — 2.18 Forfeited/Repurchased (7,542 ) (29,041 ) 0.70 Unvested, 2015 49,513 186,515 $ 3.11 Fair value information for restricted stock during the periods reported is as follows: (in thousands, except per share amounts) 2015 2014 2013 Weighted average sale/grant date fair value per share $ 19.05 $ 8.80 $ 8.67 Total fair value of shares issued $ 150 $ 60 $ 490 Total fair value of shares vested $ 171 $ 509 $ 105 Stock options Under the Incentive Plans , the Company has issued 1,076,555 and 945,149 stock options to eligible employees as of December 28, 2015 and December 29, 2014 , respectively. The stock options are subject to either time or performance vesting conditions. Time vesting options awarded generally vest 25% on each of the four anniversaries of the grant date. Performance vesting options vest when the volume-weighted average closing price per share of Papa Murphy’s common stock equals or exceeds $22.00 per share for 90 consecutive trading days. The grant date fair value is recognized as compensation expense as a component of Selling, general and administrative expenses. The compensation expense is recognized over the requisite service period, typically the vesting period, on a straight line basis. During 2015, it was deemed probable that the performance vesting condition would be met and compensation expense has been recorded on a straight line basis from the date of issuance over the initial estimated service period. Information with respect to stock option activity is as follows: NUMBER OF SHARES SUBJECT TO OPTIONS TIME PERFORMANCE WEIGHTED WEIGHTED AGGREGATE Outstanding, 2014 722,307 222,842 $ 11.16 Granted 192,000 — 13.43 Exercised (34,118 ) — 11.00 Forfeited (38,233 ) (22,361 ) 11.75 Outstanding, 2015 841,956 200,481 $ 11.55 8.5 years $ 371 Exercisable, 2015 437,758 — $ 11.19 8.3 years $ 182 Vested and expected to vest, 2015 781,326 170,409 $ 11.53 8.3 years $ 343 Fair value information for options granted and vested and the intrinsic value of options exercised during the periods reported are as follows: (in thousands, except per share amounts) 2015 2014 Weighted average grant date fair value per share $ 5.41 $ 4.27 Total fair value of awards granted $ 1,039 $ 4,151 Total fair value of awards vested $ 431 $ 1,635 Total intrinsic value of options exercised $ 189 $ — There were no options granted during 2013. Compensation cost and valuation Total compensation costs recognized in connection with the Incentive Plans for 2015 , 2014 and 2013 were as follows: (in thousands) 2015 2014 2013 Stock compensation expense $ 1,081 $ 1,898 $ 61 Income tax benefits associated with stock compensation expense 350 626 23 As of December 28, 2015 , the total unrecognized stock-based compensation expense, net of estimated forfeitures, was $2.6 million , with $1.8 million associated with time vesting awards and $0.8 million associated with performance vesting awards. The remaining weighted average contractual life for unrecognized stock-based compensation expense was 3.3 years as of December 28, 2015 . The fair value of the stock option awards granted during the periods reported was estimated with the following weighted-average assumptions. 2015 2014 Risk free rate 1.94% 2.05% Expected volatility 37.9% 35.0% Expected term 6.3 years 6.3 years Expected dividend yield 0.0% 0.0% There were no options granted during 2013. Prior to the IPO , the valuation of the Company’s common stock and Preferred Shares was based on the principles of option-pricing theory. This approach is based on modeling the value of the various components of an entity’s capital structure as a series of call options on the proceeds expected from the sale of the entity or the liquidation of its assets at some future date. Specifically, each of the preferred and common equity is modeled as a call option on the aggregate value of the Company with an exercise price equal to the liquidation preferences of the more senior securities. In estimating the fair value of the aggregate value of the Company, the Company considered both the income approach and the market approach. The key inputs required to calculate the value of the common stock using the option-pricing model prior to the IPO included the risk free rate, the volatility of the underlying assets, and the estimated time until a liquidation event. The Company applied a marketability discount to the value of common stock based on facts and circumstances at each valuation date. During the reported periods prior to the IPO , the Company assumed the following: 2014 (1) 2013 Risk free rate 0.36% 0.10~0.50% Volatility of the underlying assets 45% 35~45% Estimated time until a liquidation event (2) (3) Marketability discount—common stock (2) (3) Marketability discount—preferred stock (2) (3) (1) The last valuation of the Company was performed as of March 31, 2014. (2) On July 1, 2013, the Company began to apply a probability weighted expected return method, where equity values were calculated using an option pricing model under IPO and non- IPO scenarios and each value was weighted based on estimated probability of occurrence. During the period, 0.58 ~ 1.75 years were used as estimated time until a liquidation event and 10 ~ 25% and 8 ~ 15% of marketability discount were used for common and preferred stock, respectively, depending on IPO or non- IPO scenarios. As of March 31, 2014, the date of the last valuation performed by the Company, a 95% weight was given to the IPO scenario. (3) During the period, 0.25 ~ 2.50 years were used as estimated time until a liquidation event and 13 ~ 30% and 8 - 15% of marketability discount were used for common and preferred stock, respectively, depending on IPO or non- IPO scenarios, respectively. As of December 29, 2014 , a 80% weight was given to the IPO scenario. Preferred and common stock subject to put options In July 2011, the Company entered into a share repurchase and put option agreement with an executive officer, pursuant to which the executive officer had the right and option to have the Company repurchase 74,491 shares of unrestricted preferred stock and 92,951 shares ( 41,075 pre-stock split) of unrestricted common stock (“ Put Option ”). The change in the fair value of the Put Option during 2013 resulted in additional compensation expense of $0.8 million . In December 2013, the share repurchase and put option agreement was canceled.

Earnings per Share (EPS)

Earnings per Share (EPS)	12 Months Ended
	Dec. 28, 2015
Earnings Per Share [Abstract]
Earnings per Share (EPS)	Note 16 — Earnings per Share (EPS) The number of shares and earnings per share (“ EPS ”) data for all periods presented are based on the historical weighted-average shares of common stock outstanding. Prior to the IPO , the Company’s cumulative preferred stockholders were entitled to participate in 20% of all remaining earnings or dividends if distributed to common stockholders. As such, the Company has calculated EPS using the two-class method. The two-class method determines EPS for common stock and participating securities according to dividends and dividend equivalents and their respective participation rights in undistributed earnings. Basic EPS is calculated by dividing income available to common stockholders by the weighted-average number of shares of common stock outstanding during each period. Diluted EPS is calculated using income available to common stockholders divided by diluted weighted-average shares of common stock outstanding during each period, which includes unvested restricted common stock and outstanding stock options. Diluted EPS considers the effect of potentially dilutive securities except in periods in which there is a loss because the inclusion of the potential common shares would have an anti-dilutive effect. The following table sets forth the computations of basic and diluted EPS : (in thousands, except per share data) 2015 2014 2013 Earnings: Net income (loss) $ 4,411 $ 1,248 $ (2,591 ) Less: Net loss from noncontrolling interests 500 — 19 Net income (loss) attributable to Papa Murphy’s 4,911 1,248 (2,572 ) Less: cumulative Series A and B Preferred dividends not subject to put options — (2,150 ) (6,419 ) Net loss available to common stockholders $ 4,911 $ (902 ) $ (8,991 ) Shares: Basic weighted average common shares outstanding 16,653 12,101 3,848 Dilutive effect of restricted equity awards (1) 218 — — Diluted weighted average number of shares outstanding 16,871 12,101 3,848 Loss per share: Basic loss per share $ 0.29 $ (0.07 ) $ (2.34 ) Diluted loss per share $ 0.29 $ (0.07 ) $ (2.34 ) (1) The Company’s potential common stock instruments such as stock options and restricted stock were not included in the computation of diluted EPS for 2014 and 2013 as the effect of including these shares in the calculation would have been anti-dilutive. An aggregated total of 78,000 , 344,000 and 269,000 potential common shares have been excluded from the diluted EPS calculation for 2015 , 2014 and 2013 , respectively, because their effect would have been anti-dilutive.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 28, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 17 — Commitments and Contingencies Operating lease commitments The Company leases facilities and various office equipment under non-cancelable operating leases which expire through December 2025 . Lease terms for its store units are generally for five years with renewal options and generally require the Company to pay a proportionate share of real estate taxes, insurance, common area, and other operating costs. The Company has entered into operating leases that it has subleased to three franchised stores. These operating leases have minimum base rent terms and contingent rent terms if individual franchised store sales exceed certain levels and have terms expiring on various dates from May 2020 to October 2020 . As of December 28, 2015 , future minimum payments under the non-cancelable operating leases, excluding contingent rent obligations, are as follows: (in thousands) Total lease minimum payments Sublease income Net lease minimum payments Fiscal years 2016 $ 4,692 $ 72 $ 4,620 2017 4,304 72 4,232 2018 3,905 72 3,833 2019 3,188 72 3,116 2020 2,213 45 2,168 Thereafter 5,135 — 5,135 $ 23,437 $ 333 $ 23,104 Rent expense for 2015 , 2014 and 2013 was $5.6 million , $3.6 million and $3.1 million , respectively. Lease guarantees The Company is the guarantor for operating leases of 17 franchised stores that have terms expiring on various dates from August 2016 to December 2020 . The obligations from these leases will generally continue to decrease over time as the leases expire. As of December 28, 2015 , the Company does not believe it is probable it would be required to perform under the outstanding guarantees. The applicable franchise owners continue to have primary liability for these operating leases. As of December 28, 2015 , future commitments under these leases are as follows (in thousands): Fiscal Years 2016 $ 427 2017 383 2018 302 2019 258 2020 151 $ 1,521 Legal proceedings The Company is currently subject to litigation with a group of franchise owners. In January 2014, six franchise owner groups claimed that the Company misrepresented sales volumes, made false representations to them and charged excess advertising fees, among other things. The Company engaged in mediation with these franchise owners, which is required under the terms of their franchise agreements, in order to address and resolve their claims, but was unable to reach a settlement agreement. On April 4, 2014, a total of twelve franchise owner groups, including those franchise owners that previously made the allegations described above, filed a lawsuit against the Company in the Superior Court in Clark County, Washington, making essentially the same allegations for violation of the Washington Franchise Investment Protection Act, fraud, negligent misrepresentation and breach of contract and seeking declaratory and injunctive relief, as well as monetary damages. Based on motions filed by the Company in that lawsuit, the court ruled on July 9, 2014 that certain of the plaintiffs’ claims under the anti-fraud and nondisclosure provisions of the Washington Franchise Investment Protection Act should be dismissed and that certain other claims in the case would need to be more specifically alleged. The court also ruled that the six franchise owner groups who had not mediated with the Company prior to filing the lawsuit must mediate with the Company in good faith, and that their claims shall be stayed until they have completed mediating with the Company in good faith. On June 18, 2014, an additional 16 franchise owner groups, represented by the same counsel as the plaintiffs described above, filed a lawsuit in the Superior Court in Clark County, Washington making essentially the same allegations as made in the lawsuit described above and seeking declaratory and injunctive relief, as well as monetary damages. The court consolidated the two lawsuits into a single case and ordered that the plaintiffs in the new lawsuit, none of whom had mediated with the Company prior to filing the lawsuit, must do so, and that their claims be stayed until they have done so. In October 2014, the Company engaged in mediation with the 22 franchise owner groups who had not previously done so. As a result of that mediation and other efforts, the Company has now reached resolution with twelve of the franchise owner groups involved in the consolidated lawsuits, and their claims have either been dismissed or dismissal is pending. In addition, some of the claims have been dismissed without prejudice and, as a result, those plaintiffs could refile their claims if various contingencies are not met and the Company therefore provides no assurance that those dismissals will actually occur or remain in effect. In February 2015, the remaining plaintiffs in the consolidated lawsuits filed an amended complaint, removing some claims, amending some claims, adding claims and naming some of the Company’s former and current franchise sales staff as additional individual defendants. As before, the Company believes the allegations in this litigation lack merit and, for those plaintiffs with whom the Company is unable to reach resolution, the Company will continue to vigorously defend its interests, including by asserting a number of affirmative defenses and, where appropriate, counterclaims. The Company provides no assurance that it will be successful in its defense of these lawsuits; however, it does not currently expect the cost of resolving them to have a material adverse effect on its consolidated financial position, results of operations, or cash flows. The Company is also currently named as a defendant in a putative class action lawsuit filed by plaintiff John Lennartson on May 8, 2015, in the United States District Court for the Western District of Washington. The lawsuit alleges the Company failed to comply with the requirements of the Telephone Consumer Protection Act (TCPA) when it sent SMS text messages to consumers. The plaintiff in the lawsuit asks that the court certify the putative class and that statutory damages under the TCPA be awarded to plaintiff and each class member. The Company believes the plaintiff’s interpretation of the applicable law is incorrect and it will continue to vigorously defend itself in the lawsuit, but provide no assurance that it will be successful. An adverse judgment or settlement related to this lawsuit could have a material adverse effect on the Company's consolidated financial position, results of operations, or cash flows. In addition to the foregoing, the Company is subject to routine legal proceedings, claims, and litigation in the ordinary course of its business. The Company may also engage in future litigation with franchise owners to enforce the terms of franchise agreements and compliance with brand standards as determined necessary to protect the Company’s brand, the consistency of products and the customer experience. Lawsuits require significant management attention and financial resources and the outcome of any litigation is inherently uncertain. The Company does not, however, currently expect that the costs to resolve these routine matters will have a material adverse effect on its consolidated financial position, results of operations, or cash flows.

Retirement Plans

Retirement Plans	12 Months Ended
	Dec. 28, 2015
Compensation and Retirement Disclosure [Abstract]
Retirement Plans	Note 18 — Retirement Plans The Company has a defined contribution benefit plan, qualified under Section 401(k) of the Internal Revenue Code (the “ 401(k) Plan ”), covering all eligible employees. 401(k) Plan participants may receive up to a 3.00% matching contribution up to the limits established by the plan and by the Internal Revenue Service and are vested immediately. The following table shows the Company’s contributions to the plan for the reported periods: (in thousands) 2015 2014 2013 Retirement plan contributions $ 362 $ 276 $ 257

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 28, 2015
Related Party Transactions [Abstract]
Related Party Transactions	Note 19 — Related Party Transactions Advisory services and monitoring agreement Prior to the IPO , the Company was a party to an advisory services and monitoring agreement with affiliates of Lee Equity . In accordance with the terms of the agreement, the Company paid Lee Equity for ongoing advisory and monitoring services, such as management consulting, financial analysis, and other related services. As compensation, the Company paid an annual fee of $0.5 million in four equal quarterly installments, plus direct expenses incurred which are included in Selling, general and administrative costs. The agreement did not call for a minimum level of services to be furnished and provided that fees paid to Lee Equity could be deferred at the discretion of Lee Equity or by the Company’s senior secured credit facility, if required. On May 7, 2014, the Company completed the IPO and paid Lee Equity $1.5 million in accordance with the terms of the agreement. With the completion of the IPO , the advisory services and monitoring agreement between the Company and Lee Equity was terminated. Employee loans related to share purchases In connection with share-based compensation, the Company has made several loans to certain officers and non-officer employees of the Company (see Note 15 — Share-based Compensation ). Loans made in connection with the issuance of the Company’s equity have been recognized in Stock subscriptions receivable as a reduction of total equity. In March 2014, the Company entered into agreements with certain executive officers to repurchase an aggregate of 109,779 shares of common stock ( 48,516 shares pre-stock split) at a price of $11.85 per share ( $26.80 per share pre-stock split), for a total purchase price of $1.3 million . Included among the repurchased shares were 31,707 shares of common stock ( 14,014 shares pre-stock split), for which vesting terms were accelerated in connection with the repurchase. The Company received a payment of $1.0 million from the same executive officers to repay their outstanding stock subscription receivables. Concurrent with the share repurchase, the Company entered into agreements with the same executive officers to issue 109,779 stock options ( 48,516 stock options pre-stock split) to purchase shares at an exercise price of $11.85 per share ( $26.80 per share pre-stock split), including 78,072 fully vested options ( 34,502 options pre-stock split) and 31,707 options ( 14,014 options pre-stock split) subject to time-based or market condition-based vesting provisions. In connection with the acceleration of vesting and the issuance of the fully vested options, the Company recorded stock-based compensation expense of $0.5 million in 2014. All loans made to officers of the Company were repaid prior to the IPO . Some loans made to non-officer employees of the Company were still outstanding at the time of the IPO . As of December 28, 2015 and December 29, 2014 , the Company had Stock subscriptions receivable of $0.1 million . Notes receivable On August 18, 2009, the Company obtained a note receivable from a third-party in connection with the sale and refranchising of Company-owned stores (see Note 9 — Notes Receivable ). Subsequently, in March 2011 a member of the third-party became an employee of the Company. As of June 30, 2014, the member of the third-party ceased to be an employee of the Company. During the second quarter of 2014, the notes receivable outstanding balance of $0.3 million was reclassified from related party notes receivable to third-party notes receivable. The outstanding balance of the note receivable as of December 28, 2015 was $0.2 million . Related party revenue The Company was party to transactions to sell services to Project Pie during the period Project Pie was a cost-method investee. The Company recorded revenues of $4,000 in 2015 and $109,000 in 2014, which are recorded as Lease and other revenues on the Consolidated Statements of Operations and Comprehensive Income (Loss) . As of December 28, 2015 and December 29, 2014 , the Company had an Accounts receivable balance from Project Pie of $0 and $66,000 , respectively.

Segment Information

Segment Information	12 Months Ended
	Dec. 28, 2015
Segment Reporting [Abstract]
Segment Information	Note 20 — Segment Information The Company has the following reportable segments: (i) Domestic Company Stores; (ii) Domestic Franchise; and (iii) International. The Domestic Company Stores segment includes operations with respect to Company-owned stores in the United States and derives its revenues from retail sales of pizza and side items to the general public. The Domestic Franchise segment includes operations with respect to franchised stores in the United States and derives its revenues from franchise and development fees and the collection of franchise royalties from the Company’s franchise owners located in the United States. The International segment includes operations related to the Company’s operations outside the United States and derives its revenues from franchise and development fees and the collection of franchise royalties from franchises located outside the United States. The following tables summarize information on profit or loss and assets for each of the Company’s reportable segments: (in thousands) 2015 2014 2013 Revenues Domestic Franchise $ 45,579 $ 46,233 $ 40,450 Domestic Company Stores 74,300 50,598 39,148 International 330 568 897 Total $ 120,209 $ 97,399 $ 80,495 Segment Operating Income (Loss) Domestic Franchise $ 20,750 $ 21,939 $ 20,540 Domestic Company Stores 1,359 1,307 (408 ) International 238 20 (24 ) Corporate and unallocated (6,712 ) (7,961 ) (7,173 ) Total $ 15,635 $ 15,305 $ 12,935 Depreciation and amortization Domestic Franchise $ 5,392 $ 5,046 $ 4,753 Domestic Company Stores 4,579 2,975 2,193 International 31 31 27 Total $ 10,002 $ 8,052 $ 6,973 Interest expense (income), net Domestic Franchise $ — $ (2 ) $ (9 ) Domestic Company Stores 2,301 2,547 1,505 International (3 ) (27 ) (35 ) Other 2,225 5,507 8,968 Total $ 4,523 $ 8,025 $ 10,429 Provision for income taxes Domestic Franchise $ — $ — $ — Domestic Company Stores — — — International 9 9 9 Other 2,059 1,226 1,015 Total $ 2,068 $ 1,235 $ 1,024 2015 2014 2013 Total Assets Domestic Franchise $ 139,705 $ 137,417 $ 137,870 Domestic Company Stores 45,217 34,953 29,458 International 438 447 515 Other (1) 90,111 91,310 90,869 Total $ 275,471 $ 264,127 $ 258,712 (1) Other assets which are not allocated to the individual segments primarily include trade names & trademarks. All long-lived assets are held within the United States. The following table summarizes revenues by geographic area: (in thousands) 2015 2014 2013 Revenues United States $ 119,879 $ 96,831 $ 79,598 International 330 568 897 Total $ 120,209 $ 97,399 $ 80,495

Selected Quarterly Financial Da

Selected Quarterly Financial Data (unaudited)	12 Months Ended
	Dec. 28, 2015
Quarterly Financial Information Disclosure [Abstract]
Selected Quarterly Financial Data (unaudited)	Note 21 — Selected Quarterly Financial Data (unaudited) The following table presents selected unaudited quarterly financial data for the periods indicated: (in thousands, except per share data) Q1 Q2 Q3 Q4 2015 Revenue $ 29,168 $ 29,121 $ 28,132 $ 33,788 Operating Income 5,348 2,588 3,045 4,654 Net Income (Loss) 2,596 (1,939 ) 1,122 2,632 Basic earnings (loss) per share $ 0.16 $ (0.09 ) $ 0.07 $ 0.16 Diluted earnings (loss) per share $ 0.15 $ (0.09 ) $ 0.07 $ 0.16 2014 Revenue $ 25,117 $ 21,846 $ 22,169 $ 28,267 Operating Income 4,600 812 3,525 6,368 Net Income (Loss) 819 (1,607 ) (788 ) 2,824 Basic (loss) earnings per share $ (0.20 ) $ (0.19 ) $ (0.05 ) $ 0.17 Diluted (loss) earnings per share $ (0.20 ) $ (0.19 ) $ (0.05 ) $ 0.17 The sum of the quarterly earnings per share does not always equal the annual earnings per share as a result of the computation of quarterly versus annual average shares outstanding.

Schedule I - Condensed Financia

Schedule I - Condensed Financial Information of Parent Company	12 Months Ended
	Dec. 28, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Schedule I - Condensed Financial Information of Parent Company	SCHEDULE I—CONDENSED FINANCIAL INFORMATION OF REGISTRANT Papa Murphy’s Holdings, Inc. Parent Company Information Condensed Statements of Operations and Comprehensive Income (Loss) Fiscal Year (in thousands) 2015 2014 2013 Equity in earnings (losses) of subsidiaries $ 9,486 $ 4,046 $ (1,159 ) Selling, general and administrative expense 2,380 1,392 343 Operating Income (Loss) 7,106 2,654 (1,502 ) Other expense, net 136 180 56 Income (Loss) Before Income Taxes 6,970 2,474 (1,558 ) Provision for income taxes 2,059 1,226 1,014 Net Income (Loss) 4,911 1,248 (2,572 ) Other Comprehensive Loss Foreign currency translation adjustment — — (2 ) Total Comprehensive Income (Loss) $ 4,911 $ 1,248 $ (2,574 ) See accompanying notes. Papa Murphy’s Holdings, Inc. Parent Company Information Condensed Balance Sheets (in thousands, except par value and share data) December 28, 2015 December 29, 2014 Assets Current Assets Prepaid expenses and other current assets $ 3,109 $ 304 Total current assets 3,109 304 Investment in affiliates 138,444 135,853 Total assets $ 141,553 $ 136,157 Liabilities and Equity Current Liabilities Other current liabilities $ 70 $ 153 Due to consolidated affiliates 1,388 3,994 Total current liabilities 1,458 4,147 Deferred tax liability 42,439 40,731 Total liabilities $ 43,897 $ 44,878 Commitments and contingencies Shareholders’ Equity Preferred stock ($0.01 par value; 15,000,000 shares authorized; no shares issued or outstanding) — — Common stock ($0.01 par value; 200,000,000 shares authorized; 16,949,720 and 16,944,308 shares issued and outstanding, respectively) 169 169 Additional paid-in capital 118,801 117,354 Stock subscription receivable (100 ) (100 ) Accumulated deficit (21,214 ) (26,144 ) Total shareholders’ equity 97,656 91,279 Total liabilities and shareholders’ equity $ 141,553 $ 136,157 See accompanying notes. Papa Murphy’s Holdings, Inc. Parent Company Information Condensed Statements of Cash Flows Fiscal Year (in thousands) 2015 2014 2013 Net cash from operating activities $ (7,278 ) $ 6,106 $ (56 ) Investing Activities Investment in subsidiary — (59,675 ) (57 ) (Deemed) dividend from subsidiary 6,912 (1,098 ) 31,148 Net cash from investing activities 6,912 (60,773 ) 31,091 Financing Activities Issuance of common stock, net of underwriting fees — 59,675 57 Repurchases of common stock (10 ) (1,518 ) (400 ) Payment of preferred dividends and return of invested capital — — (30,690 ) Proceeds from exercise of stock options 376 — — Costs associated with initial public offering — (3,490 ) — Net cash from financing activities 366 54,667 (31,033 ) Effect of exchange rate fluctuations on cash — — (2 ) Net change in cash and cash equivalents — — — Cash and Cash Equivalents, beginning of year — — — Cash and Cash Equivalents, end of period $ — $ — $ — See accompanying notes. Notes to Condensed Financial Information Note 1—Basis of Presentation Papa Murphy’s Holdings, Inc. (the “ Parent Company ”) is a holding company with no material operations of its own that conducts substantially all of its activities through its subsidiaries. These consolidated financial statements have been presented on a “parent-only” basis. Under a parent-only presentation, the Parent Company ’s investments in subsidiaries are presented under the equity method of accounting. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted. As such, these parent-only statements should be read in conjunction with the Notes to Consolidated Financial Statements of Papa Murphy’s Holdings, Inc. and subsidiaries included in Financial Statements and Supplementary Data . Note 2—Dividends The following cash dividends were declared and paid to the preferred stockholders of the Parent Company during 2015 , 2014 and 2013 , respectively: (in thousands) 2015 2014 2013 Series A Preferred holders $ — $ — $ 30,346 Series B Preferred holders — — 344 In order to fund the dividends, dividends were paid to the Parent Company from its subsidiaries. See Note 10 — Financing Arrangements of the Company’s consolidated financial statements for a discussion of the dividend restriction under the debt covenants.

Schedule II - Valudation and Qu

Schedule II - Valudation and Qualifying Accounts	12 Months Ended
	Dec. 28, 2015
Valuation and Qualifying Accounts [Abstract]
Schedule II - Valuation and Qualifying Accounts	Schedule II—Valuation and Qualifying Accounts Papa Murphy’s Holdings, Inc. and Subsidiaries Balance at Beginning of Period Provision (Benefit) (Write-offs), Net of Recoveries Currency Translation Adjustments Balance at Fiscal year 2015 Allowance for trade and other receivables $ 60 $ (30 ) $ 1 $ — $ 31 Fiscal year 2014 Allowance for trade and other receivables $ 37 $ 26 $ (3 ) $ — $ 60 Allowance for notes receivable 825 — (763 ) (62 ) — Total $ 862 $ 26 $ (766 ) $ (62 ) $ 60 Fiscal year 2013 Allowance for trade and other receivables $ 61 $ — $ (24 ) $ — $ 37 Allowance for notes receivable 434 427 — (36 ) 825 Total $ 495 $ 427 $ (24 ) $ (36 ) $ 862

Summary of Significant Accoun30

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 28, 2015
Accounting Policies [Abstract]
Basis of presentation	Principles of consolidation and basis of presentation These consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“ GAAP ”) and include the accounts of Papa Murphy’s Holdings, Inc., its subsidiaries and certain entities which the Company consolidates as variable interest entities (“ VIEs ”).
Principles of consolidation	The Company reports noncontrolling interests in consolidated entities as a component of equity separate from shareholders’ equity. All significant intercompany transactions and balances have been eliminated. The Company participates in various advertising cooperatives with its franchise owners established to collect and administer funds contributed for use in advertising and promotional programs in a specific market designed to increase sales and promote the Papa Murphy’s brand. Contributions to the advertising cooperatives are required for both Company-owned and franchised stores and are generally based on a percentage of a store’s sales. The Company maintains certain variable interests in these cooperatives. As the cooperatives are required to spend all funds collected on advertising and promotional programs, total equity at risk is not sufficient to permit the cooperatives to finance their activities without additional subordinated financial support. Therefore, these cooperatives are VIEs . As a result of the Company's voting rights exercised through Company-owned stores, the Company consolidates certain of these cooperatives for which it is the primary beneficiary. Advertising cooperative assets, consisting primarily of cash and receivables can only be used to settle the obligations of the respective cooperative. Advertising cooperative liabilities represent the corresponding obligation arising from the receipt of the contributions to purchase advertising and promotional programs for which creditors do not have recourse to the general credit of a primary beneficiary. Therefore, the Company reports all assets and liabilities of the advertising cooperatives that it consolidates as Prepaid expenses and other current assets and Accrued expenses and other current liabilities , respectively, in the Consolidated Balance Sheets . Because the contributions to these advertising and marketing cooperatives are specifically designated and segregated for advertising, the Company does not reflect franchise owner contributions to these cooperatives in its Consolidated Statements of Operations and Comprehensive Income (Loss) or Consolidated Statements of Cash Flows .
Fiscal year	Fiscal year The Company uses a 52- or 53-week fiscal year, ending on the Monday nearest to December 31. Fiscal years 2015 , 2014 and 2013 were 52-week years. All references to years relate to fiscal periods rather than calendar periods. References to 2015 , 2014 and 2013 are references to fiscal years ended December 28, 2015 , December 29, 2014 and December 30, 2013 , respectively.
Use of estimates	Use of estimates Preparing financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the Company’s consolidated financial statements and accompanying notes. Significant items that are subject to such estimates and assumptions include goodwill and intangible assets and related impairment analysis, fair value of stock based compensation and deferred tax asset valuation allowance. Although management bases its estimates on historical experience and assumptions that are believed to be reasonable under the circumstances, actual results may differ from those estimates.
Cash and cash equivalents	Cash and cash equivalents The Company considers all highly liquid investments with original maturities of three months or less when purchased to be cash equivalents. The Company maintains cash and cash equivalent balances with financial institutions that periodically exceed federally insured limits. The Company also holds limited funds, to the extent necessary, on deposit outside the United States. The Company makes such deposits with entities it believes are of high credit quality and has not incurred any losses related to these balances. Management believes its credit risk to be minimal.
Accounts receivable	Accounts receivable Accounts receivable consist primarily of (a) amounts due from franchise owners for continuing fees that are collected weekly, (b) receivables for vendor rebates, and (c) other miscellaneous receivables. Accounts receivable are stated net of an allowance for doubtful accounts determined by management through an evaluation of specific accounts, considering historical losses and existing economic conditions where relevant.
Note receivable	Notes receivable Notes receivable consist primarily of amounts due from sales of Company-owned stores. Management reviews the notes receivable on a periodic basis and evaluates the creditworthiness and financial condition of the counterparty to determine the appropriate allowance, if any. If the store owner does not repay the note, the Company has the contractual right to take back ownership of the store based on the underlying franchise agreement, which therefore minimizes the credit risk to the Company.
Stock subscription receivable	Stock subscriptions receivable Prior to our IPO , the Company issued common stock to certain employees for stock subscriptions receivable, which are not collateralized by the stock.
Inventories	Inventories Inventories consist principally of food products and packaging supplies for use in Company-owned stores. Inventories are valued at the lower of cost, determined under the first-in, first-out method, or net realizable value.
Property and equipment	Assets held for sale Assets are classified as held for sale when management with the appropriate authority commits to a plan to sell the assets, the assets are available for immediate sale, the assets are actively marketed at a reasonable price, the sale is probable within a year, and certain other criteria are met. Assets held for sale consist primarily of newly opened Company-owned stores or unopened stores under construction by the Company. Assets designated as held for sale are held at the lower of the net book value or fair value less costs to sell and reported separately on the Consolidated Balance Sheets . Depreciation is not charged against property and equipment classified as assets held for sale. Property and equipment Property and equipment are recorded at cost. Property and equipment are depreciated using the straight-line method over the estimated useful lives of the assets. Leasehold improvements are amortized using the straight-line method over the shorter of the useful lives of the assets or the related lease term, including renewal options to the extent renewals are reasonably assured, not to exceed 10 years. The estimated useful lives for property and equipment are: Property and Equipment Estimated Useful Life Leasehold improvements Shorter of lease term or estimated useful life, not to exceed 10 years Restaurant equipment and fixtures 5 to 7 years Office furniture and equipment 3 to 7 years Software 3 to 5 years Vehicles 5 years
Deferred financing costs	Deferred financing costs Costs incurred to obtain long-term financing are accounted for as a deferred charge and amortized to interest expense over the terms of the respective debt agreements using the effective interest method. Unamortized deferred charges are recorded as a reduction from the carrying amount of the related debt liability in the Company’s Consolidated Balance Sheets . Stock issuance costs Costs of obtaining new capital by issuing common or preferred stock classified as permanent equity are considered a reduction of the related proceeds, which reduces the carrying value of the related equity capital. Until the close of stock issuance, costs are recorded as other current assets in the Company’s Consolidated Balance Sheets .
Goodwill and intangible assets	Goodwill and other intangible assets Goodwill arises from business combinations and represents the excess of the purchase consideration transferred over the fair value of the net assets acquired, including identifiable intangible assets and liabilities assumed. The majority of the Company’s goodwill was generated upon the Lee Equity Acquisition in May 2010, though the Company has also recognized goodwill upon the acquisition of stores from franchise owners. Goodwill is assigned to reporting units for purposes of impairment testing. The Company considers its Trade name and trademarks to be indefinite-lived intangible assets. These assets were initially recognized in May 2010 upon the Lee Equity Acquisition . The Company’s intangible assets that are not indefinite-lived include franchise relationships and reacquired franchise rights. Goodwill and intangible assets determined to have an indefinite life are not amortized, but are tested for impairment annually, or more often if an event occurs or circumstances change that indicate an impairment might exist. Management evaluates indefinite-lived assets each reporting period to determine whether events and circumstances continue to support an indefinite useful life. Intangible assets with finite lives are amortized over their estimated useful lives on a straight-line basis and tested for impairment together with long-lived assets. In performing its annual goodwill impairment test, the Company first assesses qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is not “more likely than not” that the fair value of a reporting unit is less than its carrying amount. If the Company determines that it is more likely than not, it performs the two-step quantitative goodwill impairment test. Under the two-step quantitative goodwill impairment test, the fair value of the reporting unit is compared to its respective carrying amount, including goodwill. If the fair value exceeds the carrying amount, then no impairment exists. If the carrying amount exceeds the fair value, further analysis is performed to determine the amount of the impairment. Both the qualitative and quantitative assessments are completed separately with respect to the goodwill of each of the Company’s reporting units. The Company reviews goodwill for impairment annually, as of the first day of our fourth fiscal quarter, or more frequently if indicators of impairment exist. The Company can bypass the qualitative assessment and move directly to the quantitative assessment for any reporting unit in any period and can elect to resume performing the qualitative assessment in any subsequent period. Most of the Company’s goodwill is attributed to and tested for impairment at the Domestic Franchise segment, which is considered one reporting unit, as the segment does not have any components of a business for which discrete financial information is available and is regularly reviewed by segment management. In performing its annual impairment test for indefinite-lived intangible assets, the Company first assesses qualitatively whether it is more likely than not that the indefinite-lived intangible asset is impaired, thus necessitating a quantitative impairment test. The Company does not calculate the fair value of an indefinite-lived asset and perform the quantitative test unless it determines that it is more likely than not that the asset is impaired. The Company reviews indefinite-lived intangible assets for impairment annually, as of the first day of its fourth fiscal quarter, or more frequently if indicators of impairment exist. The Company can bypass the qualitative assessment and move directly to the quantitative assessment for any indefinite-lived intangible asset in any period and can elect to resume performing the qualitative assessment in any subsequent period.
Impairment of long-lived assets	Impairment of long-lived assets Long-lived assets are evaluated for recoverability of the carrying amount whenever events and circumstances indicate the carrying amount of an asset may not be fully recoverable. Some of the events or changes in circumstances that would trigger an impairment review include, but are not limited to, significant under-performance relative to expected and/or historical results (such as two years of comparable store sales decrease or two years of negative operating cash flows), significant negative industry or economic trends, or knowledge of transactions involving the sale of similar property at amounts below the carrying value. Assets are grouped for recognition and measurement of impairment at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets. Typically, long-lived assets relating to Company-owned stores are tested for impairment at the level of the retail market in which they are located and long-lived assets relating to franchised operations are tested for impairment at each segment level. If the carrying amount of an asset group exceeds the estimated, undiscounted future cash flows expected to be generated by the asset, then an impairment charge is recognized to the extent the carrying amount exceeds the asset group’s fair value. In determining fair value, management considers current results, trends, future prospects, and other economic factors.
Asset retirement obligations	Asset retirement obligations (“ ARO s”) ARO s are primarily associated with leasehold improvements which, at the end of a lease, the Company is obligated to remove in order to comply with certain lease agreements. At the inception of a lease with such conditions, the Company records an ARO and a corresponding capital asset in an amount equal to the estimated fair value of the obligation. Fair value is estimated based on a number of assumptions requiring management’s judgment, including store closing costs, cost inflation rates, and discount rates in effect at the time the lease is signed. Over time, the obligation is accreted to its projected future value and, upon satisfaction of the ARO conditions, any difference between the recorded liability and the actual retirement costs incurred is recognized as an operating gain or loss in the Consolidated Statements of Operations and Comprehensive Income (Loss) .
Derivatives instruments and hedging activity	Derivative instruments and hedging activity Interest rate movements create a degree of risk to the Company’s operations by affecting the amount of its interest payments and the value of its floating rate debt. On occasion, the Company uses derivative instruments to manage its exposure to interest rate changes. By using these instruments, the Company can be exposed to credit risk of the counterparty. The Company minimizes the credit risk by entering into transactions with high credit quality counterparties. The Company has not applied hedge accounting to its derivative instruments. All derivative instruments are measured at fair value. The Company held interest rate cap derivatives that expired in June 2013. Gains or losses resulting from changes in the fair value of the interest rate cap derivatives are recognized as a component of Interest expense, net in the Consolidated Statements of Operations and Comprehensive Income (Loss) . The Company does not hold or issue derivative financial instruments for trading or speculative purposes.
Revenue recognition	Revenue recognition Company-owned store sales are recognized when products are provided to customers. Franchise royalties are based on a percentage of sales and are recognized as the fees are earned and become receivable from the franchise owner.
Revenue recognition, franchise fees	Franchise fees are recognized as revenue when all material services or conditions relating to a store have been substantially performed or satisfied by the Company, which is typically when a new franchised store begins operations or on the commencement date of the successive franchise agreement. Development fees for the right to develop stores in specific geographic areas are recognized as revenue when all material services or conditions relating to the sale have been substantially performed, which is typically when the first franchised store begins operations in the development area. Development fees determined based on the number of stores to open in an area are deferred and recognized on a pro rata basis after individual franchise agreements are executed for the stores subject to the development agreements and the stores begin operations. Consideration for Franchise and development fees received in advance of being earned are included as unearned franchise and development fees in the Company’s Consolidated Balance Sheets . For fees paid on an installment basis that have otherwise been earned, recognition of revenue is deferred until collectability is certain.
Revenue recognition leases	Lease and other consists primarily of (a) lease income recognized in the period earned, which generally coincides with the period the expense is due to the master leaseholder, if a sublease, and (b) software license revenue from the resale of point-of-sale (“ POS ”) software licenses to franchise owners at cost.
Revenue recognition, gift cards	The Company operates a system-wide gift card program and recognizes revenue from gift cards when a gift card is redeemed in a Company-owned store. When the likelihood of a gift card being redeemed by a customer is determined to be remote (“ gift card breakage ”), the value of the unredeemed gift card is recognized by the Company as a contribution to the advertising fund described under Advertising and marketing costs below. The Company determines the gift card breakage rate based upon Company-specific historical redemption patterns.
Software revenue recognition	Software revenue recognition The Company recognizes revenues for the resale of software licenses upon delivery to franchise owners to the extent collectability is probable. In an effort to obtain more favorable pricing and expedite the roll-out of POS systems, the Company acquired $4.5 million of POS software licenses in a lump sum purchase in 2013 and resells them to franchise owners at cost.
Advertising and marketing costs	Advertising and marketing costs Advertising costs, including contributions to local advertising cooperatives which are based on a percentage of sales, are expensed when incurred except for media development costs which are expensed when the advertisement is first aired. These costs are included in Store operating costs or Selling, general and administrative expenses based on the nature of the advertising and marketing costs incurred. Franchised and Company-owned stores in the United States contribute to an advertising fund that the Company manages on behalf of these stores. In addition, certain suppliers contribute to the advertising fund. Under our franchise agreements and other agreements, contributions received by the advertising fund must be spent on marketing, creative efforts, media support, or other related purposes specified in the agreements and result in no profit recognized. Contributions to the advertising fund are netted against the related expense. Expenditures of the advertising fund are primarily amounts paid to third-parties, but may also include personnel expenses and allocated costs. At each reporting date, to the extent contributions to the advertising fund exceed expenditures on a cumulative basis, the excess contributions are accounted for as a deferred liability and are recorded in accrued expenses in the Company’s Consolidated Balance Sheets . However, if expenditures exceed contributions on a cumulative basis, the excess is recorded as an expense within Selling, general and administrative expenses. In subsequent periods, previously recognized expenses may be recovered if subsequent contributions exceed expenditures.
Store pre-opening costs	Store pre-opening costs Pre-opening costs, including wages, benefits and travel for the training and opening teams, Cost of food and packaging , and Other store operating costs , are expensed as incurred prior to a store opening for business.
Rent expense	Rent expense Rent expense for the Company’s leases, which generally have escalating rental payments over the term of the lease, is recorded on a straight-line basis over the lease term. The lease term includes renewal options that are reasonably expected to be exercised and begins when the Company has control and possession of the leased property, which is typically before rental payments are due under the lease. The difference between the rent expense and rent paid is recorded as deferred rent as a component of accrued expenses. Tenant allowances are recorded in deferred rent and amortized as reductions of rent expense over the lease term. Rent expense is included in Store Occupancy costs or Selling, general and administrative expenses, based on the nature of the leased facility. When a store is closed before the end of its lease, the Company accrues a loss provision for lease termination costs based on the net present value of the contractual, minimum rent obligations reduced by sublease rental income that could be reasonably obtained from the property using a credit-adjusted, risk-free interest rate at the time of closure. Certain other related costs are also included in the loss reserve. The initial charge and any subsequent adjustment to the accrual are included in Store Occupancy costs. Lease guarantees On occasion, the Company becomes a guarantor for certain operating leases when it sells a Company-owned store or a store under construction by the Company. The guarantee obligation is initially measured as the fair value of the guarantee, which is recorded as a liability. The Company recognizes its release from risk as a guarantor as the lease obligation is settled over the remaining lease term. In addition, throughout the guarantee period, the Company records a reserve when any loss becomes probable in connection with such lease guarantee.
Other comprehensive income (loss)	Lease guarantees On occasion, the Company becomes a guarantor for certain operating leases when it sells a Company-owned store or a store under construction by the Company. The guarantee obligation is initially measured as the fair value of the guarantee, which is recorded as a liability. The Company recognizes its release from risk as a guarantor as the lease obligation is settled over the remaining lease term. In addition, throughout the guarantee period, the Company records a reserve when any loss becomes probable in connection with such lease guarantee.
Income taxes	Income taxes The Company accounts for income taxes using the asset and liability approach. This requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the financial statement and the tax basis of assets and liabilities at the applicable tax rates. A valuation allowance is recorded against deferred tax assets if, based on available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. The effect of uncertain tax positions would be recorded in the consolidated financial statements only after determining a more likely than not probability that the uncertain tax positions would withstand an examination by tax authorities based on the technical merits of the position. The tax benefit to be recognized is measured as the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement. As facts and circumstances change, management reassesses these probabilities and would record any changes in the financial statements as appropriate. As of December 28, 2015 and December 29, 2014 , the Company recognized no uncertain tax positions or any accrued interest and penalties associated with uncertain tax positions.
Share-based compensation	Share-based compensation Under the 2010 Plan and the Company’s 2014 Management Incentive Plan (“ 2014 Plan ”), the Company sponsors stock option plans and restricted stock award plans. Restricted stock and stock options vest with the achievement of a time vesting or a performance vesting condition. Compensation expense relating to restricted stock with time vesting conditions is recognized as the portion of the grant date fair value that exceeds any purchase price paid for the stock and is ultimately expected to vest. This expense is recognized over the requisite service period, typically the vesting period, utilizing the straight-line attribution method. The fair value of stock option awards is estimated on the grant date using a Black-Scholes-Merton option-pricing model. The risk-free interest rate is based on the estimated effective life and is estimated based on U.S. Treasury Yield Curve rates. Since the Company has no relevant option exercise experience, the expected term is based on a simplified method calculation and the expected volatility is based on the historical volatility of the share price of a group of peer companies. Compensation expense relating to stock option awards is recognized as the portion of the grant date fair value that is ultimately expected to vest. This expense is recognized over the requisite service period, typically the vesting period, utilizing the straight-line attribution method.
Business combinations	Business Combinations The Company accounts for business combinations under the acquisition method of accounting, recording any assets acquired and liabilities assumed based upon their respective fair values. Any excess of the fair value of purchase consideration over the fair value of the assets acquired less liabilities assumed is recorded as goodwill. The Company uses management estimates based on historically similar transactions to assist in establishing the acquisition date fair values of assets acquired, liabilities assumed, and contingent consideration granted, if any. These estimates and valuations require the Company to make significant assumptions, including projections of future events and operating performance.
Internal use software	Internal use software Expenditures for major software purchases and software developed for internal use are capitalized and amortized over the useful life of the software ( three to five years) on a straight-line basis. The Company’s policy provides for the capitalization of external direct costs of materials and services associated with developing or obtaining internal-use computer software. Costs associated with preliminary project stage activities, training, maintenance and all other post-implementation stage activities are expensed as incurred.
Reclassification	Reclassification As a result of the retrospective adoption of ASU 2015-03 (see “Recent accounting pronouncements” below), the Company made certain reclassifications to the prior year's long-term debt to conform to the balance sheet presentation as of December 28, 2015 . These reclassifications had no effect on the Company's consolidated financial position, shareholders' equity or net cash flows for any of the periods presented. As a result of the retrospective adoption of ASU 2015-17 (see “Recent accounting pronouncements” below), the Company made certain reclassifications to the prior year's deferred tax assets to conform to the balance sheet presentation as of December 28, 2015 . These reclassifications had no effect on the Company's consolidated financial position, shareholders' equity or net cash flows for any of the periods presented. In addition, certain amounts in the prior period financial statements have been reclassified to conform to the current period presentation. These reclassifications had no effect on the Company's consolidated financial position, shareholders' equity or net cash flows for any of the periods presented.
Recent accounting pronouncements	Recent accounting pronouncements In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ ASU 2014-09 ”), a new standard to achieve a consistent application of revenue recognition within the U.S., resulting in a single revenue model to be applied by reporting companies under GAAP . The original effective date for ASU 2014-09 would have required adoption by the Company in the first quarter of fiscal 2017 with early adoption prohibited. In August 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606) - Deferral of the Effective Date (“ ASU 2015-14 ”), which defers the effective date of ASU 2014-09 for one year and permits early adoption in accordance with the original effective date of ASU 2014-09 . The new revenue standard is required to be applied retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying the standard recognized at the date of initial application. The Company has not yet selected a transition method. The standard will not impact the Company's recognition of revenue from Company-owned restaurants or its recognition of franchise royalties, which are based on a percentage of franchise sales. The Company is continuing to evaluate the impact the adoption of this standard will have on the recognition of other less significant revenue transactions such as franchise and development fees as well as refranchising of Company-owned restaurants. In April 2015, the FASB issued ASU 2015-03, Interest – Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs (“ ASU 2015-03 ”). This update requires debt issuance costs related to a recognized debt liability to be presented in the balance sheet as a direct deduction from the carrying value of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs were not affected by this update. The Company early-adopted ASU 2015-03 during the three months ended June 29, 2015. Applying the adoption retroactively, the Company reclassified unamortized debt issuance costs of $1.3 million as of June 29, 2015, and $1.5 million as of December 29, 2014 , from Deferred finance charges, net to Long-term debt, net of current portion on the Consolidated Balance Sheets . Adoption of this standard did not affect the Company’s results of operations or cash flows in either the current or previous annual reporting periods. In November 2015, the FASB issued ASU 2015-17, Income Taxes (Topic 740) (“ ASU 2015-17 ”). This update requires that deferred tax assets and liabilities be classified as noncurrent in the Company's Consolidated Balance Sheets . The Company early-adopted ASU 2015-17 during the three months ended December 28, 2015 . Applying the adoption retroactively, the Company reclassified deferred tax assets of $2.0 million as of September 28, 2015 and $1.3 million as of December 29, 2014 , from Current deferred tax asset to Deferred tax liability, net on the Consolidated Balance Sheets . Adoption of this standard did not affect the Company’s results of operations or cash flows in either the current or previous annual reporting periods. In February 2016, the FASB issued ASU 2016-02, Leases (“ ASU 2016-02 ”). This update requires that lessees recognize assets and liabilities on the balance sheet for the rights and obligations created by all leases with terms of more than 12 months. ASU 2016-02 also will require disclosures designed to give financial statement users information on the amount, timing, and uncertainty of cash flows arising from leases. These disclosures include both qualitative and quantitative information. The effective date for ASU 2016-02 is for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018 with earlier adoption permitted. The Company is still evaluating the impact of ASU 2016-02 on its financial position and results of operations. The accounting standards that have been issued by the FASB or other standards-setting bodies that do not require adoption until a future date are not expected to have a material impact on our consolidated financial statements upon adoption.

Summary of Significant Accoun31

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 28, 2015
Accounting Policies [Abstract]
Allowance for Credit Losses on Financing Receivables	The Company recorded the following allowance for doubtful accounts: (in thousands) 2015 2014 Allowance for doubtful accounts $ 31 $ 60
Schedule of Stock Subscription Receivables	The Company had the following outstanding Stock subscriptions receivable which have been classified as a reduction of equity: (in thousands) 2015 2014 Stock subscriptions receivable $ 100 $ 100
Schedule of Property, Plant and Equipment	Property and equipment, net , consists of the following: (in thousands) 2015 2014 Leasehold improvements $ 7,099 $ 4,527 Restaurant equipment and fixtures 10,803 6,950 Office furniture and equipment 5,575 5,312 Software 5,291 3,374 Vehicles 92 92 Construction in progress 6,193 1,153 35,053 21,408 Accumulated depreciation and amortization (13,792 ) (9,288 ) Property and equipment, net $ 21,261 $ 12,120 Depreciation expense during the periods reported was as follows: (in thousands) 2015 2014 2013 Depreciation expense $ 4,680 $ 3,015 $ 2,405
Schedule of Asset Retirement Obligations	The Company recorded the following ARO as a component of Other liabilities : (in thousands) 2015 2014 Asset retirement obligations $ 1,490 $ 1,190
Schedule of Other Operating Cost and Expense, by Component	Advertising expense included in Selling, general and administrative , net of contributions was as follows: (in thousands) 2015 2014 2013 Advertising expense (recovery), net of contributions $ 1,200 $ (1,110 ) $ 1,110
Schedule of Guarantor Obligations [Table Text Block]	As of December 28, 2015 and December 29, 2014 , the Company’s recorded liability in connection with lease guarantees was as follows: (in thousands) 2015 2014 Lease guarantees $ 32 $ —

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Dec. 28, 2015
Business Combinations [Abstract]
Schedule of fair value of assets acquired	The fair value of the net assets acquired are summarized below (in thousands): Cash and cash equivalents $ 5 Inventories 39 Prepaid expenses and other current assets 38 Property and equipment 406 Reacquired franchise rights 1,139 Asset retirement obligations (75 ) Total identifiable net assets acquired 1,552 Goodwill 2,554 Total consideration $ 4,106 The fair value of the net assets acquired are summarized below (in thousands): Cash and cash equivalents $ 5 Inventories 67 Prepaid expenses and other current assets 58 Property and equipment 1,191 Reacquired franchise rights 292 Asset retirement obligations (111 ) Total identifiable net assets acquired 1,502 Goodwill 2,633 Total consideration $ 4,135 The fair value of the net assets acquired are summarized below (in thousands): Cash and cash equivalents $ 3 Inventories 23 Prepaid expenses and other current assets 20 Property and equipment 276 Reacquired franchise rights 547 Asset retirement obligations (23 ) Total identifiable net assets acquired 846 Goodwill 1,604 Total consideration $ 2,450 The fair value of the net assets acquired are summarized below (in thousands): Cash and cash equivalents $ 4 Inventories 46 Prepaid expenses and other current assets 33 Property and equipment 546 Reacquired franchise rights 516 Asset retirement obligations (61 ) Total identifiable net assets acquired 1,084 Goodwill 2,369 Total consideration $ 3,453 The fair value of the net assets acquired are summarized below (in thousands): Cash and cash equivalents $ 6 Inventories 67 Prepaid expenses and other current assets 44 Property and equipment 804 Reacquired franchise rights 759 Asset retirement obligations (6 ) Total identifiable net assets acquired 1,674 Goodwill 2,259 Total consideration $ 3,933 The fair value of the net assets acquired are summarized below (in thousands): Cash and cash equivalents $ 10 Inventories 85 Prepaid expenses and other current assets 69 Property and equipment 1,360 Reacquired franchise rights 1,041 Asset retirement obligations (185 ) Total identifiable net assets acquired 2,380 Goodwill 3,134 Total consideration $ 5,514 The fair value of the net assets acquired are summarized below (in thousands): Cash and cash equivalents $ 3 Inventories 31 Prepaid expenses and other current assets 13 Property and equipment 266 Reacquired franchise rights 3,625 Asset retirement obligations (26 ) Total identifiable net assets acquired 3,912 Goodwill 3,135 Total consideration $ 7,047
Unaudited pro forma information	The unaudited pro forma consolidated revenues and net income of the Company as though the acquisition dates had been as of the beginning of 2014 are as follows: (in thousands) 2015 2014 Pro forma revenues $ 122,183 $ 105,222 Pro forma net income 4,932 1,244 Revenues and net loss from the acquired stores from the closing date of the acquisition that are included in the Company’s Consolidated Statements of Operations and Comprehensive Income (Loss) for 2013 are as follows (in thousands): Revenues $ 168 Net loss (3 ) The unaudited pro forma consolidated revenues and net loss of the Company as though the acquisition dates had been as of the beginning of 2012 are as follows: (in thousands) 2013 2012 Pro forma revenues $ 82,499 $ 72,962 Pro forma net loss (2,510 ) (2,170 ) Revenues and net loss from the acquired stores from the closing dates of the acquisitions that are included in the Company’s Consolidated Statements of Operations and Comprehensive Income (Loss) for 2015 are as follows (in thousands): Revenues $ 6,594 Net loss (322 ) The unaudited pro forma consolidated revenues and net income (loss) of the Company as though the acquisition date had been as of the beginning of 2013 are as follows: (in thousands) 2014 2013 Pro forma revenues $ 100,307 $ 85,215 Pro forma net income (loss) 1,208 (2,605 ) Revenues and net loss from the acquired stores from the closing dates of the acquisitions that are included in the Company’s Consolidated Statements of Operations and Comprehensive Income (Loss) for 2013 are as follows (in thousands): Revenues $ 4,671 Net loss (186 ) Revenues and net loss from the acquired stores from the closing date of the acquisition that are included in the Company’s Consolidated Statements of Operations and Comprehensive Income (Loss) for 2013 are as follows (in thousands): Revenues $ 473 Net loss (21 ) Revenues and net loss from the acquired stores from the closing date of the acquisition included in the Company’s Consolidated Statements of Operations and Comprehensive Income (Loss) for 2014 are as follows (in thousands): Revenues $ 2,039 Net loss (56 ) The unaudited pro forma consolidated revenues and net income (loss) of the Company as though the acquisition dates had been as of the beginning of 2013 are as follows: (in thousands) 2014 2013 Pro forma revenues $ 102,975 $ 86,497 Pro forma net income (loss) 1,087 (2,780 ) The unaudited pro forma consolidated revenues and net income of the Company as though the acquisition date had been as of the beginning of 2014 are as follows: (in thousands) 2015 2014 Pro forma revenues $ 121,287 $ 102,592 Pro forma net income 4,958 1,331 The unaudited pro forma consolidated revenues and net loss of the Company as though the acquisition date had been as of the beginning of 2012 are as follows: (in thousands) 2013 2012 Pro forma revenues $ 84,523 $ 71,129 Pro forma net loss (2,669 ) (2,133 ) Revenues and net income from the acquired stores from the closing date of the acquisition included in the Company’s Consolidated Statements of Operations and Comprehensive Income (Loss) for 2015 are as follows (in thousands): Revenues $ 4,220 Net income 307 The unaudited pro forma consolidated revenues and net loss of the Company as though the acquisition date had been as of the beginning of 2012 are as follows: (in thousands) 2013 2012 Pro forma revenues $ 82,843 $ 69,697 Pro forma net loss (2,626 ) (2,173 ) Revenues and net loss from the acquired stores from the closing dates of the acquisitions that are included in the Company’s Consolidated Statements of Operations and Comprehensive Income (Loss) for 2014 are as follows (in thousands): Revenues $ 538 Net loss (16 )

Prepaid Expenses and Other Cu33

Prepaid Expenses and Other Current Assets (Tables)	12 Months Ended
	Dec. 28, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid expenses and other current assets	Prepaid expenses and other current assets consist of the following: (in thousands) 2015 2014 Prepaid media development costs $ 352 $ 593 Prepaid rents and insurance 1,079 620 Taxes receivable 2,872 154 POS software licenses for resale 660 1,800 Assets held for sale 605 — Advertising cooperative assets, restricted 26 149 Other 545 256 Total prepaid expenses and other current assets $ 6,139 $ 3,572 Deferred financing costs amortized to interest expense in the Consolidated Statements of Operations and Comprehensive Income (Loss) during the periods reported were as follows (in thousands): (in thousands) 2015 2014 2013 Deferred financing costs amortized to interest expense $ 321 $ 563 $ 790 Amortization of deferred financing costs in the future is expected to be as follows (in thousands): Fiscal Years 2016 $ 330 2017 319 2018 313 2019 201 $ 1,163

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 28, 2015
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	Property and equipment, net , consists of the following: (in thousands) 2015 2014 Leasehold improvements $ 7,099 $ 4,527 Restaurant equipment and fixtures 10,803 6,950 Office furniture and equipment 5,575 5,312 Software 5,291 3,374 Vehicles 92 92 Construction in progress 6,193 1,153 35,053 21,408 Accumulated depreciation and amortization (13,792 ) (9,288 ) Property and equipment, net $ 21,261 $ 12,120 Depreciation expense during the periods reported was as follows: (in thousands) 2015 2014 2013 Depreciation expense $ 4,680 $ 3,015 $ 2,405

Divestitures (Tables)

Divestitures (Tables)	12 Months Ended
	Dec. 28, 2015
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Disposal Disclosures	The following is a summary of the assets sold as of December 28, 2015 (in thousands). Leasehold improvements $ 341 Restaurant equipment and fixtures 367 Property and equipment 708 Prepaid expenses and other current assets 22 Intangible assets 8 Goodwill 263 Total assets sold $ 1,001 The following is a summary of the assets sold as of November 11, 2013 (in thousands). Leasehold improvements $ 338 Restaurant equipment and fixtures 184 Property and equipment 522 Goodwill 240 Total assets sold $ 762

Goodwill (Tables)

Goodwill (Tables)	12 Months Ended
	Dec. 28, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of changes to goodwill	The following summarizes changes to the Company’s Goodwill , by reportable segment: (in thousands) Domestic Company Stores Domestic Franchise Total Balance at December 30, 2013 $ 14,543 $ 81,546 $ 96,089 Acquisitions 5,002 — 5,002 Disposition (9 ) — (9 ) Balance at December 29, 2014 19,536 81,546 101,082 Acquisitions 5,687 — 5,687 Disposition (263 ) — (263 ) Balance at December 28, 2015 $ 24,960 $ 81,546 $ 106,506

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Dec. 28, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	Intangible assets consist of the following: 2015 (in thousands) Gross Carrying Amount Accumulated Amortization Net Weighted Average Amortization Period Intangible assets subject to amortization: Franchise relationships $ 56,000 $ (19,788 ) $ 36,212 16.0 Reacquired franchise rights 8,366 (3,212 ) 5,154 6.0 Net intangible assets subject to amortization $ 64,366 $ (23,000 ) $ 41,366 14.5 Intangible assets not subject to amortization Trade name and trademarks $ 87,002 2014 (in thousands) Gross Carrying Amount Accumulated Amortization Net Weighted Average Amortization Period Intangible assets subject to amortization: Franchise relationships $ 56,000 $ (16,289 ) $ 39,711 16.0 Reacquired franchise rights 7,789 (2,985 ) 4,804 5.3 Net intangible assets subject to amortization $ 63,789 $ (19,274 ) $ 44,515 14.7 Intangible assets not subject to amortization Trade name and trademarks $ 87,002
Finite-lived Intangible Assets Amortization Expense	Amortization expense during the periods reported was as follows: (in thousands) 2015 2014 2013 Amortization expense $ 5,322 $ 5,037 $ 4,568
Finite-lived Intangible Assets Future Amortization Expense	The estimated future amortization expense of amortizable intangible assets as of December 28, 2015 is as follows (in thousands): Fiscal years 2016 $ 4,976 2017 4,656 2018 4,331 2019 4,068 2020 3,945 Thereafter 19,390 $ 41,366

Notes Receivable (Tables)

Notes Receivable (Tables)	12 Months Ended
	Dec. 28, 2015
Receivables [Abstract]
Notes Receivable	Notes receivable consist of the following: (in thousands) 2015 2014 Note maturing in 2020 bearing interest at 9.0% and collateralized by store assets $ 221 $ 287 Total notes receivable 221 287 Less current portion (78 ) (62 ) Notes receivable, net of current portion $ 143 $ 225

Financing Arrangements (Tables)

Financing Arrangements (Tables)	12 Months Ended
	Dec. 28, 2015
Debt Disclosure [Abstract]
Long-term debt	Long-term debt consists of the following: (in thousands) 2015 2014 Term loan under 2014 credit facility $ 109,200 $ 112,000 Notes payable 3,000 3,000 Total principal amount of long-term debt 112,200 115,000 Less unamortized debt issuance costs (1,163 ) (1,485 ) Total long-term debt 111,037 113,515 Less current portion (2,800 ) (2,800 ) Total long-term debt, net of current portion $ 108,237 $ 110,715
Schedule of Maturities of Long-term Debt	Maturities on long-term debt consist of the following: (in thousands) Senior Secured Term Loan Notes Payable Total Fiscal Years 2016 $ 2,800 $ — $ 2,800 2017 7,000 — 7,000 2018 5,600 3,000 8,600 2019 93,800 — 93,800 $ 109,200 $ 3,000 $ 112,200
Prepaid expenses and other current assets	Prepaid expenses and other current assets consist of the following: (in thousands) 2015 2014 Prepaid media development costs $ 352 $ 593 Prepaid rents and insurance 1,079 620 Taxes receivable 2,872 154 POS software licenses for resale 660 1,800 Assets held for sale 605 — Advertising cooperative assets, restricted 26 149 Other 545 256 Total prepaid expenses and other current assets $ 6,139 $ 3,572 Deferred financing costs amortized to interest expense in the Consolidated Statements of Operations and Comprehensive Income (Loss) during the periods reported were as follows (in thousands): (in thousands) 2015 2014 2013 Deferred financing costs amortized to interest expense $ 321 $ 563 $ 790 Amortization of deferred financing costs in the future is expected to be as follows (in thousands): Fiscal Years 2016 $ 330 2017 319 2018 313 2019 201 $ 1,163

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	12 Months Ended
	Dec. 28, 2015
Fair Value Disclosures [Abstract]
Fair value	The following table presents information about the Company’s assets and liabilities measured at fair value on a recurring basis: 2015 2014 (in thousands) CARRYING VALUE FAIR VALUE CARRYING VALUE FAIR VALUE FAIR VALUE MEASUREMENTS Financial assets Notes receivable (1) $ 221 $ 224 $ 287 $ 288 Level 3 Cost-method investments (2) — — 4,000 5,055 Level 3 (1) The fair value of notes receivable was estimated primarily using a discounted cash flow method based on a discount rate, reflecting the applicable credit spread. (2) The fair value of cost-method investments was estimated primarily using a discounted cash flow method based on a discount rate, reflecting the applicable credit spread.

Accrued and Other Liabilities (

Accrued and Other Liabilities (Tables)	12 Months Ended
	Dec. 28, 2015
Payables and Accruals [Abstract]
Accrued and other liabilities	Accrued expenses and other current liabilities consist of the following: (in thousands) 2015 2014 Accrued compensation and related costs $ 3,699 $ 3,670 Gift cards and certificates payable 2,902 2,912 Accrued interest and non-income taxes payable 855 745 Convention fund balance 626 271 Advertising and development fund — 507 Unearned product rebates 922 791 Advertising cooperative liabilities 137 253 Other 615 704 $ 9,756 $ 9,853

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 28, 2015
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The components of the provision for income taxes are as follows: (in thousands) 2015 2014 2013 Current tax provision Federal $ 83 $ 9 $ 9 State 278 103 71 361 112 80 Deferred tax provision (benefit) Federal 2,211 958 299 State (504 ) 165 645 1,707 1,123 944 Total provision for income taxes $ 2,068 $ 1,235 $ 1,024
Schedule of Deferred Tax Assets and Liabilities	The components of the non-current deferred tax liability are as follows: (in thousands) 2015 2014 Net current deferred income tax asset Assets Unearned franchise and development fees $ 858 $ 683 Convention and Advertising funds balance 232 101 Compensation accruals 422 3 Gift card accruals 414 465 Other 619 519 Total current deferred tax assets 2,545 1,771 Liabilities Other (162 ) (434 ) Net current deferred income tax asset $ 2,383 $ 1,337 Net noncurrent deferred income tax liability Assets Asset retirement obligation $ 172 $ 160 Deferred rent 206 177 Share-based compensation 901 588 Net operating loss — 1,874 Liabilities Fixed asset, goodwill, and intangible asset basis differences (44,491 ) (44,386 ) Other (1,610 ) (482 ) Net non-current deferred income tax liability $ (44,822 ) $ (42,069 )
Schedule of Effective Income Tax Rate Reconciliation	A reconciliation of income tax at the United States federal statutory tax rate (using a statutory tax rate of 34% ) to income tax expense for the periods reported is as follows: (in thousands) 2015 2014 2013 Federal income tax provision based on statutory rate $ 2,203 $ 844 $ (534 ) State and local income tax effect 314 177 65 Effect of change in blended state rate (464 ) — 408 Non-deductible expenses 133 254 90 Tax shortfall created by put option cancellation — — 995 Tax credits and other (118 ) (40 ) — Provision for income taxes $ 2,068 $ 1,235 $ 1,024

Shareholders_ Equity (Tables)

Shareholders’ Equity (Tables)	12 Months Ended
	Dec. 28, 2015
Equity [Abstract]
Schedule of Change in Noncontrolling Interest	During 2015 , 2014 and 2013 , the Company received investments by noncontrolling interest holders in PPH . Investment amounts for the reported periods were as follows: (in thousands) 2015 2014 2013 Additional investment by noncontrolling interest holders in PPH $ 56 $ 222 $ 241

Share-based Compensation (Table

Share-based Compensation (Tables)	12 Months Ended
	Dec. 28, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of restricted stock sales	Information with respect to restricted stock is as follows: NUMBER OF SHARES OF RESTRICTED COMMON STOCK TIME VESTING PERFORMANCE VESTING WEIGHTED AVERAGE SALE/GRANT DATE FAIR VALUE PER SHARE Unvested, 2014 127,650 215,556 $ 2.27 Granted 7,877 — 19.05 Vested (78,472 ) — 2.18 Forfeited/Repurchased (7,542 ) (29,041 ) 0.70 Unvested, 2015 49,513 186,515 $ 3.11 Fair value information for restricted stock during the periods reported is as follows: (in thousands, except per share amounts) 2015 2014 2013 Weighted average sale/grant date fair value per share $ 19.05 $ 8.80 $ 8.67 Total fair value of shares issued $ 150 $ 60 $ 490 Total fair value of shares vested $ 171 $ 509 $ 105
Schedule of stock option activity	Information with respect to stock option activity is as follows: NUMBER OF SHARES SUBJECT TO OPTIONS TIME PERFORMANCE WEIGHTED WEIGHTED AGGREGATE Outstanding, 2014 722,307 222,842 $ 11.16 Granted 192,000 — 13.43 Exercised (34,118 ) — 11.00 Forfeited (38,233 ) (22,361 ) 11.75 Outstanding, 2015 841,956 200,481 $ 11.55 8.5 years $ 371 Exercisable, 2015 437,758 — $ 11.19 8.3 years $ 182 Vested and expected to vest, 2015 781,326 170,409 $ 11.53 8.3 years $ 343
Schedule of weighted average fair value of share-based compensation awards granted and vested, and the intrinsic value of options exercised	Fair value information for options granted and vested and the intrinsic value of options exercised during the periods reported are as follows: (in thousands, except per share amounts) 2015 2014 Weighted average grant date fair value per share $ 5.41 $ 4.27 Total fair value of awards granted $ 1,039 $ 4,151 Total fair value of awards vested $ 431 $ 1,635 Total intrinsic value of options exercised $ 189 $ —
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs	Total compensation costs recognized in connection with the Incentive Plans for 2015 , 2014 and 2013 were as follows: (in thousands) 2015 2014 2013 Stock compensation expense $ 1,081 $ 1,898 $ 61 Income tax benefits associated with stock compensation expense 350 626 23
Schedule of share-based payment award, restricted and unrestricted common stock and preferred shares, valuation assumptions	During the reported periods prior to the IPO , the Company assumed the following: 2014 (1) 2013 Risk free rate 0.36% 0.10~0.50% Volatility of the underlying assets 45% 35~45% Estimated time until a liquidation event (2) (3) Marketability discount—common stock (2) (3) Marketability discount—preferred stock (2) (3) (1) The last valuation of the Company was performed as of March 31, 2014. (2) On July 1, 2013, the Company began to apply a probability weighted expected return method, where equity values were calculated using an option pricing model under IPO and non- IPO scenarios and each value was weighted based on estimated probability of occurrence. During the period, 0.58 ~ 1.75 years were used as estimated time until a liquidation event and 10 ~ 25% and 8 ~ 15% of marketability discount were used for common and preferred stock, respectively, depending on IPO or non- IPO scenarios. As of March 31, 2014, the date of the last valuation performed by the Company, a 95% weight was given to the IPO scenario. (3) During the period, 0.25 ~ 2.50 years were used as estimated time until a liquidation event and 13 ~ 30% and 8 - 15% of marketability discount were used for common and preferred stock, respectively, depending on IPO or non- IPO scenarios, respectively. As of December 29, 2014 , a 80% weight was given to the IPO scenario.
Schedule of share-based payment award, stock options, valuation assumptions	The fair value of the stock option awards granted during the periods reported was estimated with the following weighted-average assumptions. 2015 2014 Risk free rate 1.94% 2.05% Expected volatility 37.9% 35.0% Expected term 6.3 years 6.3 years Expected dividend yield 0.0% 0.0% There were no options granted during 2013.

Earnings per Share (EPS) (Table

Earnings per Share (EPS) (Tables)	12 Months Ended
	Dec. 28, 2015
Earnings Per Share [Abstract]
Computations of basic and dilutive earnings per share	The following table sets forth the computations of basic and diluted EPS : (in thousands, except per share data) 2015 2014 2013 Earnings: Net income (loss) $ 4,411 $ 1,248 $ (2,591 ) Less: Net loss from noncontrolling interests 500 — 19 Net income (loss) attributable to Papa Murphy’s 4,911 1,248 (2,572 ) Less: cumulative Series A and B Preferred dividends not subject to put options — (2,150 ) (6,419 ) Net loss available to common stockholders $ 4,911 $ (902 ) $ (8,991 ) Shares: Basic weighted average common shares outstanding 16,653 12,101 3,848 Dilutive effect of restricted equity awards (1) 218 — — Diluted weighted average number of shares outstanding 16,871 12,101 3,848 Loss per share: Basic loss per share $ 0.29 $ (0.07 ) $ (2.34 ) Diluted loss per share $ 0.29 $ (0.07 ) $ (2.34 ) (1) The Company’s potential common stock instruments such as stock options and restricted stock were not included in the computation of diluted EPS for 2014 and 2013 as the effect of including these shares in the calculation would have been anti-dilutive. An aggregated total of 78,000 , 344,000 and 269,000 potential common shares have been excluded from the diluted EPS calculation for 2015 , 2014 and 2013 , respectively, because their effect would have been anti-dilutive.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 28, 2015
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases	As of December 28, 2015 , future minimum payments under the non-cancelable operating leases, excluding contingent rent obligations, are as follows: (in thousands) Total lease minimum payments Sublease income Net lease minimum payments Fiscal years 2016 $ 4,692 $ 72 $ 4,620 2017 4,304 72 4,232 2018 3,905 72 3,833 2019 3,188 72 3,116 2020 2,213 45 2,168 Thereafter 5,135 — 5,135 $ 23,437 $ 333 $ 23,104
Contractual Obligation, Fiscal Year Maturity Schedule	As of December 28, 2015 , future commitments under these leases are as follows (in thousands): Fiscal Years 2016 $ 427 2017 383 2018 302 2019 258 2020 151 $ 1,521

Retirement Plans (Tables)

Retirement Plans (Tables)	12 Months Ended
	Dec. 28, 2015
Compensation and Retirement Disclosure [Abstract]
Defined Contribution Plan Disclosures	The following table shows the Company’s contributions to the plan for the reported periods: (in thousands) 2015 2014 2013 Retirement plan contributions $ 362 $ 276 $ 257

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 28, 2015
Segment Reporting [Abstract]
Segment reporting information by segment	The following tables summarize information on profit or loss and assets for each of the Company’s reportable segments: (in thousands) 2015 2014 2013 Revenues Domestic Franchise $ 45,579 $ 46,233 $ 40,450 Domestic Company Stores 74,300 50,598 39,148 International 330 568 897 Total $ 120,209 $ 97,399 $ 80,495 Segment Operating Income (Loss) Domestic Franchise $ 20,750 $ 21,939 $ 20,540 Domestic Company Stores 1,359 1,307 (408 ) International 238 20 (24 ) Corporate and unallocated (6,712 ) (7,961 ) (7,173 ) Total $ 15,635 $ 15,305 $ 12,935 Depreciation and amortization Domestic Franchise $ 5,392 $ 5,046 $ 4,753 Domestic Company Stores 4,579 2,975 2,193 International 31 31 27 Total $ 10,002 $ 8,052 $ 6,973 Interest expense (income), net Domestic Franchise $ — $ (2 ) $ (9 ) Domestic Company Stores 2,301 2,547 1,505 International (3 ) (27 ) (35 ) Other 2,225 5,507 8,968 Total $ 4,523 $ 8,025 $ 10,429 Provision for income taxes Domestic Franchise $ — $ — $ — Domestic Company Stores — — — International 9 9 9 Other 2,059 1,226 1,015 Total $ 2,068 $ 1,235 $ 1,024 2015 2014 2013 Total Assets Domestic Franchise $ 139,705 $ 137,417 $ 137,870 Domestic Company Stores 45,217 34,953 29,458 International 438 447 515 Other (1) 90,111 91,310 90,869 Total $ 275,471 $ 264,127 $ 258,712 (1) Other assets which are not allocated to the individual segments primarily include trade names & trademarks. All long-lived assets are held within the United States. The following table summarizes revenues by geographic area: (in thousands) 2015 2014 2013 Revenues United States $ 119,879 $ 96,831 $ 79,598 International 330 568 897 Total $ 120,209 $ 97,399 $ 80,495

Selected Quarterly Financial 49

Selected Quarterly Financial Data (unaudited) (Tables)	12 Months Ended
	Dec. 28, 2015
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information	The following table presents selected unaudited quarterly financial data for the periods indicated: (in thousands, except per share data) Q1 Q2 Q3 Q4 2015 Revenue $ 29,168 $ 29,121 $ 28,132 $ 33,788 Operating Income 5,348 2,588 3,045 4,654 Net Income (Loss) 2,596 (1,939 ) 1,122 2,632 Basic earnings (loss) per share $ 0.16 $ (0.09 ) $ 0.07 $ 0.16 Diluted earnings (loss) per share $ 0.15 $ (0.09 ) $ 0.07 $ 0.16 2014 Revenue $ 25,117 $ 21,846 $ 22,169 $ 28,267 Operating Income 4,600 812 3,525 6,368 Net Income (Loss) 819 (1,607 ) (788 ) 2,824 Basic (loss) earnings per share $ (0.20 ) $ (0.19 ) $ (0.05 ) $ 0.17 Diluted (loss) earnings per share $ (0.20 ) $ (0.19 ) $ (0.05 ) $ 0.17

Schedule I - Condensed Financ50

Schedule I - Condensed Financial Information of Parent Company (Tables)	12 Months Ended
	Dec. 28, 2015
Equity [Abstract]
Dividends Declared [Table Text Block]	The following cash dividends were declared and paid to the preferred stockholders of the Parent Company during 2015 , 2014 and 2013 , respectively: (in thousands) 2015 2014 2013 Series A Preferred holders $ — $ — $ 30,346 Series B Preferred holders — — 344

Description of Business (Detail

Description of Business (Details) $ / shares in Units, $ in Millions	May. 07, 2014USD ($)$ / sharesshares	May. 01, 2014USD ($)shares	Dec. 28, 2015statestore$ / sharesshares	Dec. 29, 2014$ / sharesshares	May. 02, 2014shares
Class of Stock [Line Items]
Preferred stock, liquidation preferences | $		$ 64.3
Common stock, shares authorized | shares		3,000,000	200,000,000	200,000,000
Common stock, par value per share | $ / shares			$ 0.01	$ 0.01
Common stock, shares outstanding | shares			16,949,720	16,944,308	11,134,070
Franchisor Disclosure [Line Items]
Number of stores			1,536
Number of states in which the Company operates | state			38
Term Loan | Senior Term Loan
Class of Stock [Line Items]
Amount outstanding | $	$ 112.1
Common Stock | Preferred Shares to Common Shares
Class of Stock [Line Items]
Conversion of stock, common shares issued | shares		3,054,318
IPO
Class of Stock [Line Items]
Proceeds from IPO, net of offering fees and expenses | $	$ 54.6
IPO | Common Stock
Class of Stock [Line Items]
Shares issued during period, shares | shares	5,833,333
Share price | $ / shares	$ 11
Stock split, conversion ratio		2.2630
United States
Franchisor Disclosure [Line Items]
Number of stores			1,496
United States | Franchised Stores
Franchisor Disclosure [Line Items]
Number of stores			1,369
United States | Company-Owned Stores
Franchisor Disclosure [Line Items]
Number of stores			127
Canada and the United Arab Emirates | Franchised Stores
Franchisor Disclosure [Line Items]
Number of stores			40

Summary of Significant Accoun52

Summary of Significant Accounting Policies - Schedule of Allowance for Receivables (Details) - USD ($) $ in Thousands	Dec. 28, 2015	Dec. 29, 2014
Accounting Policies [Abstract]
Allowance for doubtful accounts	$ 31	$ 60

Summary of Significant Accoun53

Summary of Significant Accounting Policies - Schedule of Stock Subscription Receivable (Details) - USD ($) $ in Thousands	Dec. 28, 2015	Dec. 29, 2014
Accounting Policies [Abstract]
Stock subscription receivable	$ 100	$ 100

Summary of Significant Accoun54

Summary of Significant Accounting Policies - Schedule of Property Plant and Equipment Useful Life (Details)	12 Months Ended
	Dec. 28, 2015
Leasehold improvements | Maximum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	10 years
Restaurant equipment and fixtures | Maximum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	7 years
Restaurant equipment and fixtures | Minimum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Office furniture and equipment | Maximum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	7 years
Office furniture and equipment | Minimum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Vehicles
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Software | Maximum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Software | Minimum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years

Summary of Significant Accoun55

Summary of Significant Accounting Policies - Schedule of ARO Liability (Details) - USD ($) $ in Thousands	Dec. 28, 2015	Dec. 29, 2014
Accounting Policies [Abstract]
Asset retirement obligations	$ 1,490	$ 1,190

Summary of Significant Accoun56

Summary of Significant Accounting Policies - Schedule of Advertising Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2015	Dec. 29, 2014	Dec. 30, 2013
Accounting Policies [Abstract]
Advertising expense (recovery), net of contributions	$ 1,200	$ (1,110)	$ 1,110

Summary of Significant Accoun57

Summary of Significant Accounting Policies - Schedule of Lease Guarantees (Details) - USD ($) $ in Thousands	Dec. 28, 2015	Dec. 29, 2014
Guarantees [Abstract]
Lease guarantees	$ 32	$ 0

Summary of Significant Accoun58

Summary of Significant Accounting Policies - Recent Accounting Pronouncements (Details) - USD ($) $ in Thousands	Dec. 28, 2015	Sep. 28, 2015	Jun. 29, 2015	Dec. 29, 2014
New Accounting Pronouncement, Early Adoption [Line Items]
Unamortized debt issuance costs	$ 1,163			$ 1,485
Current deferred tax asset	$ 2,383			1,337
New Accounting Pronouncement, Early Adoption, Effect [Member]
New Accounting Pronouncement, Early Adoption [Line Items]
Unamortized debt issuance costs			$ 1,300	1,500
Current deferred tax asset		$ 2,000		$ 1,300

Summary of Significant Accoun59

Summary of Significant Accounting Policies - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 28, 2015	Dec. 29, 2014
Accounting Policies [Abstract]
Payments to acquire software	$ 4,500,000
Advertising expense recoverable	1,200,000
Unrecognized tax benefits	0	$ 0
Penalties and interest accrued	$ 0	$ 0

Acquisitions Cost Method Invest

Acquisitions Cost Method Investment (Details) $ in Millions	12 Months Ended
	Dec. 28, 2015USD ($)
Convertible Preferred Units | Project Pie, LLC
Schedule of Cost-method Investments [Line Items]
Loss on impairment of investments	$ 4.5

Acquisitions Acquisitions (Deta

Acquisitions Acquisitions (Details) $ in Thousands

Mar. 09, 2015USD ($)store

Aug. 18, 2014USD ($)store

Dec. 16, 2013USD ($)store

Nov. 04, 2013USD ($)store

Dec. 28, 2015USD ($)storeacquisition

Dec. 29, 2014USD ($)storeacquisition

Dec. 30, 2013USD ($)storeacquisition

Nov. 02, 2015store

Jul. 27, 2015store

May. 11, 2015store

May. 04, 2015store

Mar. 02, 2015store

Jan. 26, 2015store

Jan. 12, 2015store

Dec. 08, 2014store

Dec. 04, 2014store

Dec. 01, 2014store

Nov. 25, 2014store

Aug. 28, 2014USD ($)

Jul. 09, 2013store

Jun. 04, 2013store

Mar. 26, 2013store

Jan. 09, 2013store

Business Acquisition [Line Items]

Note payable issued to seller | $

$ 111,037

$ 113,515

M2AD Management Inc.

Business Acquisition [Line Items]

Transaction costs | $

$ 30

Total purchase price | $

$ 4,100

Drake Enterprises

Business Acquisition [Line Items]

Transaction costs | $

$ 59

Total purchase price | $

$ 3,500

Series of Individually Immaterial Business Acquisitions

Business Acquisition [Line Items]

Stores Acquired | store

17

13

11

Transaction costs | $

$ 33

$ 6

$ 22

Total purchase price | $

$ 5,500

$ 4,100

$ 3,900

Number of Businesses Acquired | acquisition

8

6

5

KK Great Pizza

Business Acquisition [Line Items]

Stores Acquired | store

4

Transaction costs | $

$ 56

Total purchase price | $

$ 2,500

TBD Business Group

Business Acquisition [Line Items]

Transaction costs | $

$ 103

Total purchase price | $

$ 7,000

Franchise relationships | M2AD Management Inc.

Business Acquisition [Line Items]

Weighted average useful life

6 years 7 months

Franchise relationships | Drake Enterprises

Business Acquisition [Line Items]

Weighted average useful life

3 years 4 months

Franchise relationships | Series of Individually Immaterial Business Acquisitions

Business Acquisition [Line Items]

Weighted average useful life

3 years 5 months

2 years 8 months

2 years 8 months

Franchise relationships | KK Great Pizza

Business Acquisition [Line Items]

Weighted average useful life

2 years 6 months

Franchise relationships | TBD Business Group

Business Acquisition [Line Items]

Weighted average useful life

7 years 11 months

Notes payable

Business Acquisition [Line Items]

Note payable issued to seller | $

$ 3,000

$ 3,000

7% Note Payable Due April 2019 | Notes payable | Drake Enterprises

Business Acquisition [Line Items]

Note payable issued to seller | $

$ 2,900

7% Note Payable Due April 2019 | Papa Murphy's Company Stores, Inc. | Notes payable

Business Acquisition [Line Items]

Note payable issued to seller | $

$ 2,900

5% Note Payable Due December 2018 | Papa Murphy's Company Stores, Inc. | Notes payable

Business Acquisition [Line Items]

Note payable issued to seller | $

$ 3,000

5% Note Payable Due December 2018 | Papa Murphy's Company Stores, Inc. | Notes payable | TBD Business Group

Business Acquisition [Line Items]

Note payable issued to seller | $

$ 3,000

MINNESOTA | Drake Enterprises

Business Acquisition [Line Items]

Stores Acquired | store

9

MINNESOTA | Series of Individually Immaterial Business Acquisitions

Business Acquisition [Line Items]

Stores Acquired | store

4

MINNESOTA | KK Great Pizza

Business Acquisition [Line Items]

Stores Acquired | store

3

COLORADO | Series of Individually Immaterial Business Acquisitions

Business Acquisition [Line Items]

Stores Acquired | store

1

2

NEW MEXICO | Series of Individually Immaterial Business Acquisitions

Business Acquisition [Line Items]

Stores Acquired | store

1

IDAHO | Series of Individually Immaterial Business Acquisitions

Business Acquisition [Line Items]

Stores Acquired | store

1

IDAHO | TBD Business Group

Business Acquisition [Line Items]

Stores Acquired | store

4

WISCONSIN | KK Great Pizza

Business Acquisition [Line Items]

Stores Acquired | store

1

FLORIDA | Series of Individually Immaterial Business Acquisitions

Business Acquisition [Line Items]

Stores Acquired | store

5

TEXAS | Series of Individually Immaterial Business Acquisitions

Business Acquisition [Line Items]

Stores Acquired | store

2

4

OREGON | Series of Individually Immaterial Business Acquisitions

Business Acquisition [Line Items]

Stores Acquired | store

1

3

1

WASHINGTON | M2AD Management Inc.

Business Acquisition [Line Items]

Stores Acquired | store

6

WASHINGTON | Series of Individually Immaterial Business Acquisitions

Business Acquisition [Line Items]

Stores Acquired | store

3

1

4

TENNESSEE | Series of Individually Immaterial Business Acquisitions

Business Acquisition [Line Items]

Stores Acquired | store

8

Acquisitions Fair value allocat

Acquisitions Fair value allocations (Details) - USD ($) $ in Thousands	Dec. 28, 2015	Mar. 09, 2015	Dec. 29, 2014	Aug. 18, 2014	Dec. 30, 2013	Dec. 16, 2013	Nov. 04, 2013
Business Acquisition [Line Items]
Goodwill	$ 106,506		$ 101,082		$ 96,089
M2AD Management Inc.
Business Acquisition [Line Items]
Cash and cash equivalents		$ 5
Inventories		39
Prepaid expenses and other current assets		38
Property and equipment		406
Reacquired franchise rights		1,139
Asset retirement obligation		(75)
Total identifiable net assets acquired		1,552
Goodwill		2,554
Total consideration		$ 4,106
Drake Enterprises
Business Acquisition [Line Items]
Cash and cash equivalents				$ 4
Inventories				46
Prepaid expenses and other current assets				33
Property and equipment				546
Reacquired franchise rights				516
Asset retirement obligation				(61)
Total identifiable net assets acquired				1,084
Goodwill				2,369
Total consideration				$ 3,453
Series of Individually Immaterial Business Acquisitions
Business Acquisition [Line Items]
Cash and cash equivalents	10		5		6
Inventories	85		67		67
Prepaid expenses and other current assets	69		58		44
Property and equipment	1,360		1,191		804
Reacquired franchise rights	1,041		292		759
Asset retirement obligation	(185)		(111)		(6)
Total identifiable net assets acquired	2,380		1,502		1,674
Goodwill	3,134		2,633		2,259
Total consideration	$ 5,514		$ 4,135		$ 3,933
TBD Business Group
Business Acquisition [Line Items]
Cash and cash equivalents						$ 3
Inventories						31
Prepaid expenses and other current assets						13
Property and equipment						266
Reacquired franchise rights						3,625
Asset retirement obligation						(26)
Total identifiable net assets acquired						3,912
Goodwill						3,135
Total consideration						$ 7,047
KK Great Pizza
Business Acquisition [Line Items]
Cash and cash equivalents							$ 3
Inventories							23
Prepaid expenses and other current assets							20
Property and equipment							276
Reacquired franchise rights							547
Asset retirement obligation							(23)
Total identifiable net assets acquired							846
Goodwill							1,604
Total consideration							$ 2,450

Acquisitions Unaudited pro form

Acquisitions Unaudited pro forma information (Details) - USD ($) $ in Thousands	Dec. 30, 2013	Dec. 29, 2014	Dec. 30, 2013	Dec. 29, 2014	Dec. 28, 2015	Dec. 28, 2015	Dec. 28, 2015	Dec. 29, 2014	Dec. 30, 2013	Dec. 30, 2013	Dec. 31, 2012
M2AD Management Inc.
Business Acquisition [Line Items]
Pro forma revenues						$ 121,287		$ 102,592
Pro forma net income (loss)						4,958		1,331
Revenues					$ 4,220
Net loss					$ 307
Drake Enterprises
Business Acquisition [Line Items]
Pro forma revenues								100,307	$ 85,215
Pro forma net income (loss)								1,208	(2,605)
Revenues				$ 2,039
Net loss				$ (56)
Series of 2014 Individually Immaterial Business Acquisitions [Member]
Business Acquisition [Line Items]
Pro forma revenues								102,975	86,497
Pro forma net income (loss)								1,087	(2,780)
Series of Individually Immaterial Business Acquisitions
Business Acquisition [Line Items]
Pro forma revenues						122,183		105,222	82,499		$ 72,962
Pro forma net income (loss)						$ 4,932		$ 1,244	(2,510)		(2,170)
Revenues		$ 538					$ 6,594			$ 4,671
Net loss		$ (16)					$ (322)			$ (186)
TBD Business Group
Business Acquisition [Line Items]
Pro forma revenues									84,523		71,129
Pro forma net income (loss)									(2,669)		(2,133)
Revenues	$ 168
Net loss	$ (3)
KK Great Pizza
Business Acquisition [Line Items]
Pro forma revenues									82,843		69,697
Pro forma net income (loss)									$ (2,626)		$ (2,173)
Revenues			$ 473
Net loss			$ (21)

Prepaid Expenses and Other Cu64

Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2015	Dec. 29, 2014	Dec. 30, 2013
Prepaid Expense and Other Assets, Current [Abstract]
Prepaid media development costs	$ 352	$ 593
Prepaid rents and insurance	1,079	620
Taxes receivable	2,872	154
POS software licenses for resale	660	1,800
Assets held for sale	605	0
Advertising cooperative assets, restricted	26	149
Other	545	256
Total prepaid expenses and other current assets	6,139	3,572
Prepaid Expense and Other Assets [Abstract]
Software license revenue	1,444	$ 2,965	$ 120
POS Systems
Prepaid Expense and Other Assets [Abstract]
Software license revenue	$ 1,000

Property and Equipment - Schedu

Property and Equipment - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Dec. 28, 2015	Dec. 29, 2014
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 35,053	$ 21,408
Accumulated depreciation and amortization	(13,792)	(9,288)
Property and equipment, net	21,261	12,120
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	7,099	4,527
Restaurant equipment and fixtures
Property, Plant and Equipment [Line Items]
Property and equipment, gross	10,803	6,950
Office furniture and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	5,575	5,312
Software
Property, Plant and Equipment [Line Items]
Property and equipment, gross	5,291	3,374
Vehicles
Property, Plant and Equipment [Line Items]
Property and equipment, gross	92	92
Construction in progress
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 6,193	$ 1,153

Property and Equipment - Sche66

Property and Equipment - Schedule of Depreciation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2015	Dec. 29, 2014	Dec. 30, 2013
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 4,680	$ 3,015	$ 2,405

Property and Equipment - Narrat

Property and Equipment - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2015	Dec. 29, 2014	Dec. 30, 2013
Property, Plant and Equipment [Abstract]
Impairment of stores	$ 0	$ 0	$ 600

Divestitures - Schedule of Disp

Divestitures - Schedule of Disposal Group (Details) - USD ($) $ in Thousands	Dec. 28, 2015	Nov. 11, 2013
Wichita, Kansas Stores
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Property, Plant and Equipment Disposal		$ 522
Goodwill		240
Total assets sold		762
Denver, Colorado Stores
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Property, Plant and Equipment Disposal	$ 708
Disposal Group, Including Discontinued Operation, Prepaid and Other Assets, Current	22
Disposal Group, Including Discontinued Operation, Intangible Assets	8
Goodwill	263
Total assets sold	1,001
Leasehold improvements | Wichita, Kansas Stores
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Property, Plant and Equipment Disposal		338
Leasehold improvements | Denver, Colorado Stores
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Property, Plant and Equipment Disposal	341
Restaurant equipment and fixtures | Wichita, Kansas Stores
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Property, Plant and Equipment Disposal		$ 184
Restaurant equipment and fixtures | Denver, Colorado Stores
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Property, Plant and Equipment Disposal	$ 367

Divestitures (Details)

Divestitures (Details) $ in Thousands	Nov. 11, 2013USD ($)store	Dec. 28, 2015USD ($)	Nov. 02, 2015USD ($)store	Dec. 29, 2014USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Notes receivable, net of current portion		$ 143		$ 225
Denver, Colorado Stores
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of Stores Sold or Refranchised | store			4
Sale Price of Disposal Group			$ 1,300
Gain (Loss) on Disposal		400
Initial Franchise Fees		$ 60
Wichita, Kansas Stores
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of Stores Sold or Refranchised | store	9
Sale Price of Disposal Group	$ 800
Gain (Loss) on Disposal	3
Initial Franchise Fees	100
Payments Received for Franchise Fees	$ 100
Notes receivable term	1 year
Notes receivable, net of current portion	$ 800

Goodwill - Schedule of Goodwill

Goodwill - Schedule of Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2015	Dec. 29, 2014
Goodwill [Roll Forward]
Beginning balance	$ 101,082	$ 96,089
Acquisitions	5,687	5,002
Disposition	(263)	(9)
Ending balance	106,506	101,082
Domestic Company Stores
Goodwill [Roll Forward]
Beginning balance	19,536	14,543
Acquisitions	5,687	5,002
Disposition	(263)	(9)
Ending balance	24,960	19,536
Domestic Franchise
Goodwill [Roll Forward]
Beginning balance	81,546	81,546
Acquisitions	0	0
Disposition	0	0
Ending balance	$ 81,546	$ 81,546

Goodwill - Narrative (Details)

Goodwill - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 28, 2015	Dec. 29, 2014	Dec. 30, 2013
Goodwill [Line Items]
Goodwill	$ 106,506,000	$ 101,082,000	$ 96,089,000
Goodwill, Impairment Loss	0	0	0
International Segment
Goodwill [Line Items]
Goodwill	$ 0	$ 0	$ 0

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2015	Dec. 29, 2014
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 64,366	$ 63,789
Accumulated Amortization	(23,000)	(19,274)
Definite-life intangibles, net	$ 41,366	$ 44,515
Weighted Average Amortization Period	14 years 6 months	14 years 8 months
Trade name and trademarks	$ 87,002	$ 87,002
Franchise relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	56,000	56,000
Accumulated Amortization	(19,788)	(16,289)
Definite-life intangibles, net	$ 36,212	$ 39,711
Weighted Average Amortization Period	16 years	16 years
Reacquired franchise rights
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 8,366	$ 7,789
Accumulated Amortization	(3,212)	(2,985)
Definite-life intangibles, net	$ 5,154	$ 4,804
Weighted Average Amortization Period	6 years	5 years 4 months

Intangible Assets - Schedule 73

Intangible Assets - Schedule of Amortization Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2015	Dec. 29, 2014	Dec. 30, 2013
Intangible Assets, Net
Amortization expense	$ 5,322	$ 5,037	$ 4,568

Intangible Assets - Schedule 74

Intangible Assets - Schedule of Future Expected Amortization Expense (Details) - USD ($) $ in Thousands	Dec. 28, 2015	Dec. 29, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
2,015	$ 4,976
2,016	4,656
2,017	4,331
2,018	4,068
2,019	3,945
Thereafter	19,390
Definite-life intangibles, net	$ 41,366	$ 44,515

Notes Receivable (Details)

Notes Receivable (Details) - USD ($) $ in Thousands	Dec. 28, 2015	Dec. 29, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total notes receivable	$ 221	$ 287
Less current portion	(78)	(62)
Notes receivable, net of current portion	143	225
Note Issued on Sale of Company-Owned Restaurants, Maturing in 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total notes receivable	$ 221	$ 287
Note Receivable, Additional Details [Abstract]
Interest rate	9.00%

Financing Arrangements - Schedu

Financing Arrangements - Schedule of Long-term debt (Details) - USD ($) $ in Thousands	Dec. 28, 2015	Dec. 29, 2014
Debt Instrument [Line Items]
Principal amount of long-term debt	$ 112,200	$ 115,000
Unamortized debt issuance costs	(1,163)	(1,485)
Long-term debt	111,037	113,515
Less current portion	(2,800)	(2,800)
Total long-term debt, net of current portion	108,237	110,715
Senior Secured Credit Facility
Debt Instrument [Line Items]
Principal amount of long-term debt	109,200
Senior Secured Credit Facility | Term Loan
Debt Instrument [Line Items]
Long-term debt	109,200	112,000
Notes payable
Debt Instrument [Line Items]
Principal amount of long-term debt	3,000
Long-term debt	$ 3,000	$ 3,000

Financing Arrangements - Sche77

Financing Arrangements - Schedule of Debt Maturity (Details) - USD ($) $ in Thousands	Dec. 28, 2015	Dec. 29, 2014
Debt Instrument [Line Items]
2,016	$ 2,800
2,017	7,000
2,018	8,600
2,019	93,800
Principal amount of long-term debt	112,200	$ 115,000
Senior Secured Credit Facility
Debt Instrument [Line Items]
2,016	2,800
2,017	7,000
2,018	5,600
2,019	93,800
Principal amount of long-term debt	109,200
Notes payable
Debt Instrument [Line Items]
2,016	0
2,017	0
2,018	3,000
2,019	0
Principal amount of long-term debt	$ 3,000

Financing Arrangements - Sche78

Financing Arrangements - Schedule of Deferred Financing Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2015	Dec. 29, 2014	Dec. 30, 2013
Debt Disclosure [Abstract]
Amortization of deferred finance charges	$ 321	$ 563	$ 790

Financing Arrangements - Sche79

Financing Arrangements - Schedule of Expected Amortization of Deferred Financing Costs (Details) $ in Thousands	Dec. 28, 2015USD ($)
Debt Disclosure [Abstract]
2,015	$ 330
2,016	319
2,017	313
2,018	201
Deferred Finance Costs, Net	$ 1,163

Financing Arrangements - Sche80

Financing Arrangements - Schedule of Recapitalization (Details) - USD ($) $ in Thousands	Oct. 25, 2013	Dec. 28, 2015	Dec. 29, 2014	Dec. 30, 2013
Equity [Abstract]
New senior secured term loan	$ 167,000
Repayment of existing debt, accrued interest and fees	122,483	$ 2,800	$ 169,900	$ 121,280
Existing debt prepayment penalty	724		700
Transaction costs incurred on new debt	3,389
Payment of accreted dividends on preferred stock subject to put options	813
Payment of preferred dividend and return of invested capital	30,691	$ 0	$ 0	$ 30,690
Cash available for acquisitions	8,900
Total uses	$ 167,000

Financing Arrangements - Narrat

Financing Arrangements - Narrative (Details) - USD ($) $ in Thousands	Aug. 28, 2014	May. 07, 2014	Oct. 25, 2013	Sep. 26, 2016	Dec. 28, 2015	Dec. 29, 2014	Dec. 30, 2013
Debt Instrument [Line Items]
Closing and structuring fees						$ 400
Loss on early retirement of debt					$ 0	4,619	$ 4,029
Note payable issued to seller					$ 111,037	113,515
Debt Instrument, Amount Modified by Refinancing						33,600
Extinguishment of Debt, Amount						87,000
Existing debt prepayment penalty			$ 724			700
Write off of Deferred Debt Issuance Cost						2,900
Payments of Debt Issuance Costs						3,300
Deferred Finance Costs, Gross						2,900
PMI Holdings Inc. | 2013 Senior secured credit facility
Debt Instrument [Line Items]
Loss on early retirement of debt		$ 1,200
PMI Holdings Inc. | 2013 Senior secured credit facility | Base rate | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate					3.00%
PMI Holdings Inc. | 2013 Senior secured credit facility | Base rate | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate					4.75%
PMI Holdings Inc. | 2013 Senior secured credit facility | LIBOR rate | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate					4.50%
PMI Holdings Inc. | 2013 Senior secured credit facility | LIBOR rate | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate					5.75%
Senior Secured Credit Facility | Term Loan
Debt Instrument [Line Items]
Note payable issued to seller					$ 109,200	$ 112,000
Senior Secured Credit Facility | PMI Holdings Inc.
Debt Instrument [Line Items]
Interest rate during period					4.60%	5.45%	6.22%
Senior Secured Credit Facility | PMI Holdings Inc. | 2014 Senior secured credit facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 132,000
Closing and structuring fees	$ 1,600
Minimum term loan amortization payments					$ 700
Senior Secured Credit Facility | PMI Holdings Inc. | 2014 Senior secured credit facility | Federal Funds Rate
Debt Instrument [Line Items]
Basis spread on variable rate	0.50%
Senior Secured Credit Facility | PMI Holdings Inc. | 2014 Senior secured credit facility | Base rate | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	1.50%
Senior Secured Credit Facility | PMI Holdings Inc. | 2014 Senior secured credit facility | Base rate | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate	2.25%
Senior Secured Credit Facility | PMI Holdings Inc. | 2014 Senior secured credit facility | LIBOR rate
Debt Instrument [Line Items]
Basis spread on variable rate	1.00%
Interest rate at end of period					3.48%
Senior Secured Credit Facility | PMI Holdings Inc. | 2014 Senior secured credit facility | LIBOR rate | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	2.50%
Senior Secured Credit Facility | PMI Holdings Inc. | 2014 Senior secured credit facility | LIBOR rate | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate	3.25%
Senior Secured Credit Facility | PMI Holdings Inc. | 2014 Senior secured credit facility | Term Loan
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 112,000
Maturity date					Aug. 28, 2019
Senior Secured Credit Facility | PMI Holdings Inc. | 2014 Senior secured credit facility | Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	20,000
Senior Secured Credit Facility | PMI Holdings Inc. | 2014 Senior secured credit facility | Letter of credit subfacility
Debt Instrument [Line Items]
Maximum borrowing capacity	2,500
Senior Secured Credit Facility | PMI Holdings Inc. | 2014 Senior secured credit facility | Swing-line loan subfacility
Debt Instrument [Line Items]
Maximum borrowing capacity	1,000
Senior Secured Credit Facility | PMI Holdings Inc. | 2013 Senior secured credit facility
Debt Instrument [Line Items]
Maximum borrowing capacity	177,000
Loss on early retirement of debt	1,100
Write off of Deferred Debt Issuance Cost	2,300
Senior Secured Credit Facility | PMI Holdings Inc. | 2013 Senior secured credit facility | Term Loan
Debt Instrument [Line Items]
Maximum borrowing capacity	167,000
Repayments of loans outstanding		$ 55,500
Senior Secured Credit Facility | PMI Holdings Inc. | 2013 Senior secured credit facility | Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	10,000
Senior Secured Credit Facility | PMI Holdings Inc. | 2013 Senior secured credit facility | Letter of credit subfacility
Debt Instrument [Line Items]
Maximum borrowing capacity	2,500
Notes payable
Debt Instrument [Line Items]
Note payable issued to seller					$ 3,000	$ 3,000
Notes payable | Papa Murphy's Company Stores, Inc. | 5% Note Payable Due December 2018
Debt Instrument [Line Items]
Note payable issued to seller					$ 3,000
Interest rate on notes payable					5.00%
Notes payable | Papa Murphy's Company Stores, Inc. | 7% Note Payable Due April 2019
Debt Instrument [Line Items]
Note payable issued to seller	$ 2,900
Interest rate on notes payable	7.00%
Forecast | Senior Secured Credit Facility | PMI Holdings Inc. | 2014 Senior secured credit facility
Debt Instrument [Line Items]
Minimum term loan amortization payments				$ 1,400

Fair Value Measurement (Details

Fair Value Measurement (Details) - USD ($) $ in Thousands		Dec. 28, 2015	Dec. 29, 2014
Reported Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of notes receivable		$ 221	$ 287
Fair value of cost method investments		0	4,000
Estimate of Fair Value Measurement | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of notes receivable	[1]	224	288
Fair value of cost method investments	[2]	$ 0	$ 5,055
[1]	The fair value of notes receivable was estimated primarily using a discounted cash flow method based on a discount rate, reflecting the applicable credit spread.
[2]	The fair value of cost-method investments was estimated primarily using a discounted cash flow method based on a discount rate, reflecting the applicable credit spread.

Accrued and Other Liabilities83

Accrued and Other Liabilities (Details) - USD ($) $ in Thousands	Dec. 28, 2015	Dec. 29, 2014
Payables and Accruals [Abstract]
Accrued compensation and related costs	$ 3,699	$ 3,670
Gift cards and certificates payable	2,902	2,912
Accrued interest and non-income taxes payable	855	745
Convention fund balance	626	271
Advertising and development fund	0	507
Unearned product rebates	922	791
Advertising cooperative liabilities	137	253
Other	615	704
Accrued and other liabilities	$ 9,756	$ 9,853

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income Tax Provision (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2015	Dec. 29, 2014	Dec. 30, 2013
Current tax provision
Federal	$ 83	$ 9	$ 9
State	278	103	71
Current Income Tax Expense (Benefit)	361	112	80
Deferred tax provision (benefit)
Federal	2,211	958	299
State	(504)	165	645
Deferred Income Tax Expense (Benefit)	1,707	1,123	944
Total provision for income taxes	$ 2,068	$ 1,235	$ 1,024

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Income Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 28, 2015	Dec. 29, 2014
Net current deferred income tax asset
Unearned franchise and development fees	$ 858	$ 683
Convention and Advertising funds balance	232	101
Compensation accruals	422	3
Gift card accruals	414	465
Other assets	619	519
Total current deferred tax assets	2,545	1,771
Other liabilities	(162)	(434)
Net current deferred income tax asset	2,383	1,337
Net noncurrent deferred income tax liability
Asset retirement obligation	172	160
Deferred rent	206	177
Share-based compensation	901	588
Net operating loss	0	1,874
Fixed asset, goodwill, and intangible asset basis differences	(44,491)	(44,386)
Other liabilities	(1,610)	(482)
Net non-current deferred income tax liability	$ 44,822	$ 42,069

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Effective Income Tax Rate (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2015	Dec. 29, 2014	Dec. 30, 2013
Income Tax Disclosure [Abstract]
Federal income tax provision based on statutory rate	$ 2,203	$ 844	$ (534)
State and local income tax effect	314	177	65
Effect of change in blended state rate	(464)	0	408
Non-deductible expenses	133	254	90
Tax shortfall created by put option cancellation	0	0	995
Tax credits and other	(118)	(40)	0
Total provision for income taxes	$ 2,068	$ 1,235	$ 1,024

Income Taxes (Details)

Income Taxes (Details) - USD ($)	12 Months Ended
	Dec. 28, 2015	Dec. 29, 2014
Operating Loss Carryforwards [Line Items]
Unrecognized tax benefits	$ 0	$ 0
Penalties and interest accrued	$ 0	0
Effective income tax rate	34.00%
Domestic Tax Authority
Tax Credit Carryforward [Line Items]
Tax Credit Carryforward, Amount	$ 0
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	0	5,000,000
State and Local Jurisdiction
Tax Credit Carryforward [Line Items]
Tax Credit Carryforward, Amount	0
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	$ 0	$ 3,900,000

Shareholders_ Equity - Narrativ

Shareholders’ Equity - Narrative (Details) - $ / shares	May. 01, 2014	Dec. 28, 2015	May. 02, 2014
Class of Stock [Line Items]
Cumulative preferred dividend rate per year	6.00%
Liquidation value per share			$ 36.68
Percentage of all remaining earnings if distributed to common stockholders	20.00%	20.00%
Series A Preferred Shares
Class of Stock [Line Items]
Liquidation value per share			21.14
Series B Preferred Shares
Class of Stock [Line Items]
Liquidation value per share			$ 26.80
Preferred Shares to Common Shares | Common Stock
Class of Stock [Line Items]
Conversion of stock, common shares issued	3,054,318

Shareholders_ Equity - Addition

Shareholders’ Equity - Additions to Noncontrolling Interest (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2015	Dec. 29, 2014	Dec. 30, 2013
Equity [Abstract]
Investment by noncontrolling interest holders	$ 56	$ 222	$ 241

Share-based Compensation - Narr

Share-based Compensation - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 28, 2015	Dec. 29, 2014	Dec. 30, 2013	Jul. 31, 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common Stock, Capital Shares Reserved for Future Issuance	2,116,747
Total unrecognized stock-based compensation expense	$ 2,600
Compensation not yet recognized, period for recognition	3 years 3 months
Share-based compensation expense (reduction)	$ 1,081	$ 1,898	$ 61
Share Repurchase And Put Option Agreement | Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense (reduction)			$ 800
Share Repurchase And Put Option Agreement | Executive Officer | Preferred Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized to be repurchased				74,491
Share Repurchase And Put Option Agreement | Executive Officer | Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized to be repurchased				92,951
Shares Pre-Stock Split | Share Repurchase And Put Option Agreement | Executive Officer | Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized to be repurchased				41,075
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-Based Compensation Arrangement By Share-Based Payment Award, Aggregate Number Of Shares Issued	584,017	610,084
Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-Based Compensation Arrangement By Share-Based Payment Award, Aggregate Number Of Shares Issued	1,076,555	945,149
Options Granted			0
Annual Vesting | Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	25.00%
Annual Vesting | 2010 Incentive Plan | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	20.00%
Annual Vesting | 2014 Incentive Plan | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	100.00%
Market Condition Vesting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized stock-based compensation expense	$ 800
Market Condition Vesting | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation, Equity Instruments Other than Options, Share Price for Vesting	$ 22
Market Condition Vesting | Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Granted	0

Share-based Compensation - Sche

Share-based Compensation - Schedule of Common and Restricted Stock (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 28, 2015	Dec. 29, 2014	Dec. 30, 2013
Restricted Stock
Restricted common stock, weighted average sale date fair value (in dollars per share)
Unvested, Beginning balance (usd per share)	$ 2.27
Granted (usd per share)	19.05	$ 8.80	$ 8.67
Vested (usd per share)	2.18
Forfeited/Repurchased (usd per share)	0.70
Unvested, Ending balance (usd per share)	3.11	2.27
Restricted Stock Sales/Grants:
Weighted average grant date fair value per share	$ 19.05	$ 8.80	$ 8.67
Total fair value of shares sold/granted	$ 150	$ 60	$ 490
Total fair value of shares vested	$ 171	$ 509	$ 105
Stock Option
Number of shares of stock options, outstanding [Roll Forward]
Granted (in shares)			0
Stock options outstanding, weighted average exercise price (in dollars per share)
Outstanding, Beginning balance (usd per share)	$ 11.16
Granted (usd per share)	13.43
Exercised (usd per share)	11
Forfeited (usd per share)	11.75
Outstanding, Ending balance (usd per share)	11.55	$ 11.16
Exercisable (usd per share)	11.19
Vested and expected to vest (usd per share)	$ 11.53
Stock options outstanding, weighted average remaining contractual term (in years) and aggregate intrinsic value
Weighted Average Remaining Contractual Term, Outstanding	8 years 6 months
Weighted Average Remaining Contractual Term, Exercisable	8 years 3 months
Weighted Average Remaining Contractual Term, Vested and expected to vest	8 years 3 months
Aggregate Intrinsic Value, Outstanding	$ 371
Aggregate Intrinsic Value, Exercisable	182
Aggregate Intrinsic Value, Vested and expected to vest	$ 343
Stock Option Awards:
Weighted average grant date fair value (usd per share)	$ 5.41	$ 4.27
Total fair value of awards granted	$ 1,039	$ 4,151
Total fair value of awards vested	431	1,635
Total intrinsic value of options exercised	$ 189	$ 0
Time Vesting | Restricted Stock
Number of shares of restricted common stock, unvested [Roll Forward]
Unvested, Beginning balance (in shares)	127,650
Sold/Granted (in shares)	7,877
Vested (in shares)	(78,472)
Forfeited/Repurchased (in shares)	(7,542)
Unvested, Ending balance (in shares)	49,513	127,650
Time Vesting | Stock Option
Number of shares of stock options, outstanding [Roll Forward]
Outstanding, Beginning balance (in shares)	722,307
Granted (in shares)	192,000
Exercised (in shares)	(34,118)
Forfeited (in shares)	(38,233)
Outstanding, Ending balance (in shares)	841,956	722,307
Exercisable (in shares)	437,758
Vested and expected to vest (in shares)	781,326
Market Condition Vesting | Restricted Stock
Number of shares of restricted common stock, unvested [Roll Forward]
Unvested, Beginning balance (in shares)	215,556
Sold/Granted (in shares)	0
Vested (in shares)	0
Forfeited/Repurchased (in shares)	(29,041)
Unvested, Ending balance (in shares)	186,515	215,556
Market Condition Vesting | Stock Option
Number of shares of stock options, outstanding [Roll Forward]
Outstanding, Beginning balance (in shares)	222,842
Granted (in shares)	0
Exercised (in shares)	0
Forfeited (in shares)	(22,361)
Outstanding, Ending balance (in shares)	200,481	222,842
Exercisable (in shares)	0
Vested and expected to vest (in shares)	170,409

Share-based Compensation - Comp

Share-based Compensation - Compensation Cost and Valuation Assumptions (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2014	Dec. 28, 2015	Dec. 29, 2014	Dec. 30, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized stock-based compensation expense		$ 2,600
Compensation expense recognized in connection with equity incentive awards		1,081	$ 1,898	$ 61
Tax benefits from compensation expense		$ 350	$ 626	$ 23
Estimated time until a liquidation event, minimum		7 months	3 months
Estimated time until a liquidation event, maximum		1 year 9 months	2 years 6 months
Marketability discount, weighted applied to an IPO scenario (in percentage)		95.00%	80.00%
Common Stock | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Marketability discount		10.00%	13.00%
Common Stock | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Marketability discount		25.00%	30.00%
Preferred Stock | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Marketability discount		8.00%	8.00%
Preferred Stock | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Marketability discount		15.00%	15.00%
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk free rate	0.36%
Expected volatility	45.00%
Restricted Stock | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk free rate				0.10%
Expected volatility				35.00%
Restricted Stock | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk free rate				0.50%
Expected volatility				45.00%
Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk free rate		1.94%	2.05%
Expected volatility		37.90%	35.00%
Expected term		6 years 4 months	6 years 4 months
Expected dividend yield		0.00%	0.00%
Time Vesting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized stock-based compensation expense		$ 1,800
Market Condition Vesting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized stock-based compensation expense		$ 800

Earnings per Share (EPS) (Detai

Earnings per Share (EPS) (Details) - USD ($) $ / shares in Units, $ in Thousands		May. 01, 2014	Dec. 28, 2015	Sep. 28, 2015	Jun. 29, 2015	Mar. 30, 2015	Dec. 29, 2014	Sep. 29, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 28, 2015	Dec. 29, 2014	Dec. 30, 2013
Earnings Per Share [Abstract]
Percentage of all remaining earnings if distributed to common stockholders		20.00%									20.00%
Earnings:
Net Income (Loss)											$ 4,411	$ 1,248	$ (2,591)
Less: Net loss from noncontrolling interests											(500)	0	(19)
Net income (loss)			$ 2,632	$ 1,122	$ (1,939)	$ 2,596	$ 2,824	$ (788)	$ (1,607)	$ 819	4,911	1,248	(2,572)
Less: cumulative Series A and B Preferred dividends not subject to put options											0	(2,150)	(6,419)
Net loss available to common stockholders											$ 4,911	$ (902)	$ (8,991)
Shares:
Basic weighted average common shares outstanding											16,653,127	12,101,236	3,847,861
Dilutive effect of restricted equity awards	[1]										218,000	0	0
Diluted weighted average number of shares outstanding											16,870,693	12,101,236	3,847,861
Loss per share:
Basic (usd per share)			$ 0.16	$ 0.07	$ (0.09)	$ 0.16	$ 0.17	$ (0.05)	$ (0.19)	$ (0.20)	$ 0.29	$ (0.07)	$ (2.34)
Diluted (usd per share)			$ 0.16	$ 0.07	$ (0.09)	$ 0.15	$ 0.17	$ (0.05)	$ (0.19)	$ (0.20)	$ 0.29	$ (0.07)	$ (2.34)
Antidilutive shares excluded from computation of earnings per share											78,000	344,000	269,000
[1]	The Company’s potential common stock instruments such as stock options and restricted stock were not included in the computation of diluted EPS for 2014 and 2013 as the effect of including these shares in the calculation would have been anti-dilutive. An aggregated total of 78,000, 344,000 and 269,000 potential common shares have been excluded from the diluted EPS calculation for 2015, 2014 and 2013, respectively, because their effect would have been anti-dilutive.

Commitments and Contingencies94

Commitments and Contingencies (Details) $ in Millions	Jun. 18, 2014plaintiff	Apr. 04, 2014plaintiff	Oct. 31, 2014store	Jan. 31, 2014plaintiff	Dec. 28, 2015USD ($)store	Dec. 29, 2014USD ($)	Dec. 30, 2013USD ($)
Loss Contingencies [Line Items]
Lease terms for store units					5 years
Number of stores					1,536
Rent Expense | $					$ 5.6	$ 3.6	$ 3.1
Litigation With Franchise Owners
Loss Contingencies [Line Items]
Number of franchise owner groups (in plaintiff) | plaintiff	16	12		6
Mediation | Litigation With Franchise Owners
Loss Contingencies [Line Items]
Number of franchise owner groups (in plaintiff)			22
Resolution | Litigation With Franchise Owners
Loss Contingencies [Line Items]
Number of franchise owner groups (in plaintiff)			12
Franchised Stores | Guarantor for subleased operating leases
Loss Contingencies [Line Items]
Number of stores					3
Guarantor for operating leases | Franchised Stores
Loss Contingencies [Line Items]
Number of stores					17

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Future Minimum Payments (Details) $ in Thousands	Dec. 28, 2015USD ($)
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2,016	$ 4,692
2,017	4,304
2,018	3,905
2,019	3,188
2,020	2,213
Thereafter	5,135
Operating Leases, Future Minimum Payments Due, Total	23,437
Future Minimum Sublease Rentals [Abstract]
2,015	72
2,016	72
2,017	72
2,018	72
2,019	45
Thereafter	0
Future Minimum Sublease Rentals, Total	333
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity, Net of Sublease Rental [Abstract]
2,015	4,620
2,016	4,232
2,017	3,833
2,018	3,116
2,019	2,168
Thereafter	5,135
Operating Leases, Future Minimum Payments, Net of Sublease Rental, Total	$ 23,104

Commitments and Contingencies96

Commitments and Contingencies - Schedule of Lease Payments for Guarantor (Details) $ in Thousands	Dec. 28, 2015USD ($)
Operating Leased Assets [Line Items]
2,016	$ 4,692
2,017	4,304
2,018	3,905
2,019	3,188
2,020	2,213
Operating Leases, Future Minimum Payments Due, Total	23,437
Guarantor for operating leases | Franchised Stores
Operating Leased Assets [Line Items]
2,016	427
2,017	383
2,018	302
2,019	258
2,020	151
Operating Leases, Future Minimum Payments Due, Total	$ 1,521

Retirement Plans - Narrative (D

Retirement Plans - Narrative (Details)	12 Months Ended
	Dec. 28, 2015
Compensation and Retirement Disclosure [Abstract]
Percent match by employer	3.00%

Retirement Plans - Schedule of

Retirement Plans - Schedule of Defined Contributions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2015	Dec. 29, 2014	Dec. 30, 2013
Compensation and Retirement Disclosure [Abstract]
Retirement plan contributions	$ 362	$ 276	$ 257

Related Party Transactions (Det

Related Party Transactions (Details)	May. 07, 2014USD ($)	Mar. 31, 2014USD ($)$ / sharesshares	Dec. 28, 2015USD ($)installment$ / shares	Dec. 29, 2014USD ($)	Dec. 30, 2013USD ($)	Jun. 30, 2014USD ($)
Related Party Transaction [Line Items]
Payments received on subscription receivables			$ 0	$ 1,097,000	$ 0
Share-based compensation expense (reduction)			1,081,000	1,898,000	$ 61,000
Stock subscriptions receivable			100,000	100,000
Total notes receivable			221,000	287,000
Note Issued on Sale of Company-Owned Restaurants, Maturing in 2020
Related Party Transaction [Line Items]
Total notes receivable			221,000	287,000
Project Pie, LLC | Other Income, Net
Related Party Transaction [Line Items]
Revenue from related parties			4,000	109,000
Related party accounts receivable, current			0	66,000
Advisory Services and Monitoring Agreement | Sponsor
Related Party Transaction [Line Items]
Annual fee			$ 500,000
Number of installments | installment			4
Payment to Sponsor after completion of IPO	$ 1,500,000
Employee Loans Related to Share Purchases
Related Party Transaction [Line Items]
Stock subscriptions receivable			$ 100,000	$ 100,000
Employee Loans Related to Share Purchases | Stock Option
Related Party Transaction [Line Items]
Share-based compensation expense (reduction)			$ 500,000
Employee Loans Related to Share Purchases | Executive Officer
Related Party Transaction [Line Items]
Common stock repurchased (in shares) | shares		109,779
Stock repurchase, total purchase price		$ 1,300,000
Number of common stock shares for which vesting terms are accelerated (in shares) | shares		31,707
Payments received on subscription receivables		$ 1,000,000
Employee Loans Related to Share Purchases | Executive Officer | Stock Option
Related Party Transaction [Line Items]
Number of options issued (in shares) | shares		109,779
Employee Loans Related to Share Purchases | Executive Officer | Fully Vested Options
Related Party Transaction [Line Items]
Number of options issued (in shares) | shares		78,072
Employee Loans Related to Share Purchases | Executive Officer | Options Subject to Time-Based or Market-Based Vesting Provisions
Related Party Transaction [Line Items]
Number of options issued (in shares) | shares		31,707
Employee Loans Related to Share Purchases | Executive Officer | Options Pre-Stock Split
Related Party Transaction [Line Items]
Common stock repurchased (in shares) | shares		48,516
Number of common stock shares for which vesting terms are accelerated (in shares) | shares		14,014
Employee Loans Related to Share Purchases | Executive Officer | Options Pre-Stock Split | Stock Option
Related Party Transaction [Line Items]
Number of options issued (in shares) | shares		48,516
Employee Loans Related to Share Purchases | Executive Officer | Options Pre-Stock Split | Fully Vested Options
Related Party Transaction [Line Items]
Number of options issued (in shares) | shares		34,502
Employee Loans Related to Share Purchases | Executive Officer | Options Pre-Stock Split | Options Subject to Time-Based or Market-Based Vesting Provisions
Related Party Transaction [Line Items]
Number of options issued (in shares) | shares		14,014
Employee Loans Related to Share Purchases | Executive Officer | Share Repurchase Agreement
Related Party Transaction [Line Items]
Stock repurchase, price per share | $ / shares		$ 11.85
Exercise price per share | $ / shares			$ 11.85
Employee Loans Related to Share Purchases | Executive Officer | Share Repurchase Agreement | Options Pre-Stock Split
Related Party Transaction [Line Items]
Stock repurchase, price per share | $ / shares		$ 26.80
Exercise price per share | $ / shares			$ 26.80
Sale and Refranchising of Company-Owned Stores | Third Party - Notes Receivable | Note Issued on Sale of Company-Owned Restaurants, Maturing in 2020
Related Party Transaction [Line Items]
Related party notes receivable						$ 300,000

Segment Information - Profit o

Segment Information - Profit or Loss (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 28, 2015	Sep. 28, 2015	Jun. 29, 2015	Mar. 30, 2015	Dec. 29, 2014	Sep. 29, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 28, 2015	Dec. 29, 2014	Dec. 30, 2013
Segment Reporting Information [Line Items]
Revenues	$ 33,788	$ 28,132	$ 29,121	$ 29,168	$ 28,267	$ 22,169	$ 21,846	$ 25,117	$ 120,209	$ 97,399	$ 80,495
Operating Income	$ 4,654	$ 3,045	$ 2,588	$ 5,348	$ 6,368	$ 3,525	$ 812	$ 4,600	15,635	15,305	12,935
Depreciation and amortization									10,002	8,052	6,973
Interest expense (income), net									4,523	8,025	10,429
Provision for income taxes									2,068	1,235	1,024
United States
Segment Reporting Information [Line Items]
Revenues									119,879	96,831	79,598
International
Segment Reporting Information [Line Items]
Revenues									330	568	897
Operating Segments
Segment Reporting Information [Line Items]
Revenues									120,209	97,399	80,495
Operating Income									15,635	15,305	12,935
Depreciation and amortization									10,002	8,052	6,973
Interest expense (income), net									4,523	8,025	10,429
Provision for income taxes									2,068	1,235	1,024
Operating Segments | Domestic Franchise
Segment Reporting Information [Line Items]
Revenues									45,579	46,233	40,450
Operating Income									20,750	21,939	20,540
Depreciation and amortization									5,392	5,046	4,753
Interest expense (income), net									0	(2)	(9)
Provision for income taxes									0	0	0
Operating Segments | Domestic Company Stores
Segment Reporting Information [Line Items]
Revenues									74,300	50,598	39,148
Operating Income									1,359	1,307	(408)
Depreciation and amortization									4,579	2,975	2,193
Interest expense (income), net									2,301	2,547	1,505
Provision for income taxes									0	0	0
Operating Segments | International
Segment Reporting Information [Line Items]
Revenues									330	568	897
Operating Income									238	20	(24)
Depreciation and amortization									31	31	27
Interest expense (income), net									(3)	(27)	(35)
Provision for income taxes									9	9	9
Operating Segments | Other
Segment Reporting Information [Line Items]
Operating Income									(6,712)	(7,961)	(7,173)
Interest expense (income), net									2,225	5,507	8,968
Provision for income taxes									$ 2,059	$ 1,226	$ 1,015

Segment Information - Assets (

Segment Information - Assets (Details) - USD ($) $ in Thousands		Dec. 28, 2015	Dec. 29, 2014	Dec. 30, 2013
Segment Reporting Information [Line Items]
Assets		$ 275,471	$ 264,127
Operating Segments
Segment Reporting Information [Line Items]
Assets		275,471	264,127	$ 258,712
Operating Segments | Domestic Franchise
Segment Reporting Information [Line Items]
Assets		139,705	137,417	137,870
Operating Segments | Domestic Company Stores
Segment Reporting Information [Line Items]
Assets		45,217	34,953	29,458
Operating Segments | International
Segment Reporting Information [Line Items]
Assets		438	447	515
Operating Segments | Other
Segment Reporting Information [Line Items]
Assets	[1]	$ 90,111	$ 91,310	$ 90,869
[1]	Other assets which are not allocated to the individual segments primarily include trade names & trademarks.

Selected Quarterly Financial102

Selected Quarterly Financial Data (unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 28, 2015	Sep. 28, 2015	Jun. 29, 2015	Mar. 30, 2015	Dec. 29, 2014	Sep. 29, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 28, 2015	Dec. 29, 2014	Dec. 30, 2013
Quarterly Financial Information Disclosure [Abstract]
Revenues	$ 33,788	$ 28,132	$ 29,121	$ 29,168	$ 28,267	$ 22,169	$ 21,846	$ 25,117	$ 120,209	$ 97,399	$ 80,495
Operating Income	4,654	3,045	2,588	5,348	6,368	3,525	812	4,600	15,635	15,305	12,935
Net income (loss)	$ 2,632	$ 1,122	$ (1,939)	$ 2,596	$ 2,824	$ (788)	$ (1,607)	$ 819	$ 4,911	$ 1,248	$ (2,572)
Basic (usd per share)	$ 0.16	$ 0.07	$ (0.09)	$ 0.16	$ 0.17	$ (0.05)	$ (0.19)	$ (0.20)	$ 0.29	$ (0.07)	$ (2.34)
Diluted (usd per share)	$ 0.16	$ 0.07	$ (0.09)	$ 0.15	$ 0.17	$ (0.05)	$ (0.19)	$ (0.20)	$ 0.29	$ (0.07)	$ (2.34)

Schedule I - Condensed Finan103

Schedule I - Condensed Financial Information of Parent Company - Schedule of Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 28, 2015	Sep. 28, 2015	Jun. 29, 2015	Mar. 30, 2015	Dec. 29, 2014	Sep. 29, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 28, 2015	Dec. 29, 2014	Dec. 30, 2013
Condensed Income Statements, Captions [Line Items]
Selling, general and administrative									$ 28,207	$ 29,263	$ 24,180
Operating Income	$ 4,654	$ 3,045	$ 2,588	$ 5,348	$ 6,368	$ 3,525	$ 812	$ 4,600	15,635	15,305	12,935
Other expense, net									133	178	44
Income (Loss) Before Income Taxes									6,479	2,483	(1,567)
Provision for income taxes									2,068	1,235	1,024
Net Income (Loss)									4,411	1,248	(2,591)
Foreign currency translation adjustment									0	0	(2)
Total Comprehensive Income (Loss)									4,911	1,248	(2,574)
Registrant
Condensed Income Statements, Captions [Line Items]
Equity in earnings (losses) of subsidiaries									9,486	4,046	(1,159)
Selling, general and administrative									2,380	1,392	343
Operating Income									7,106	2,654	(1,502)
Other expense, net									136	180	56
Income (Loss) Before Income Taxes									6,970	2,474	(1,558)
Provision for income taxes									2,059	1,226	1,014
Net Income (Loss)									4,911	1,248	(2,572)
Foreign currency translation adjustment									0	0	(2)
Total Comprehensive Income (Loss)									$ 4,911	$ 1,248	$ (2,574)

Schedule I - Condensed Finan104

Schedule I - Condensed Financial Information of Parent Company - Schedule of Condensed Balance Sheet (Details) - USD ($) $ / shares in Units, $ in Thousands	Dec. 28, 2015	Dec. 29, 2014	May. 02, 2014	May. 01, 2014
Current Assets
Prepaid expenses and other current assets	$ 6,139	$ 3,572
Total current assets	18,896	14,991
Total assets	275,471	264,127
Current Liabilities
Total current liabilities	24,149	18,558
Deferred tax liability, net	42,439	40,732
Total liabilities	$ 177,815	$ 172,385
Commitments and contingencies (Note 17)
Equity
Common stock	$ 169	$ 169
Additional paid-in capital	118,801	117,354
Stock subscription receivable	(100)	(100)
Accumulated deficit	(21,214)	(26,125)
Total Papa Murphy’s Holdings, Inc. shareholders’ equity	97,656	91,298
Total liabilities and equity	$ 275,471	$ 264,127
Common stock, par value per share	$ 0.01	$ 0.01
Common stock, shares authorized	200,000,000	200,000,000		3,000,000
Common stock, shares issued	16,949,720	16,944,308
Common stock, shares outstanding	16,949,720	16,944,308	11,134,070
Registrant
Current Assets
Prepaid expenses and other current assets	$ 3,109	$ 304
Total current assets	3,109	304
Investment in affiliates	138,444	135,853
Total assets	141,553	136,157
Current Liabilities
Other current liabilities	70	153
Due to consolidated affiliates	1,388	3,994
Total current liabilities	1,458	4,147
Deferred tax liability, net	42,439	40,731
Total liabilities	43,897	44,878
Equity
Common stock	169	169
Additional paid-in capital	118,801	117,354
Stock subscription receivable	(100)	(100)
Accumulated deficit	(21,214)	(26,144)
Total Papa Murphy’s Holdings, Inc. shareholders’ equity	97,656	91,279
Total liabilities and equity	$ 141,553	$ 136,157
Common stock, par value per share	$ 0.01	$ 0.01
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	16,949,720	16,944,308
Common stock, shares outstanding	16,949,720	16,944,308
Preferred Stock
Equity
Preferred stock	$ 0	$ 0
Preferred stock, par value per share	$ 0.01	$ 0.01
Preferred stock, shares authorized	15,000,000	15,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Preferred Stock | Registrant
Equity
Preferred stock	$ 0	$ 0
Preferred stock, par value per share	$ 0.01	$ 0.01
Preferred stock, shares authorized	15,000,000	15,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0

Schedule I - Condensed Finan105

Schedule I - Condensed Financial Information of Parent Company - Schedule of Condensed Cash Flow (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2015	Dec. 29, 2014	Dec. 30, 2013	Dec. 31, 2012
Condensed Cash Flow Statements, Captions [Line Items]
Net cash from operating activities	$ 23,743	$ 15,509	$ 9,874
Investing Activities
Net cash from investing activities	(19,554)	(9,527)	(15,249)
Financing Activities
Issuance of common stock, net of underwriting fees	0	59,675	57
Repurchases of common stock	(10)	(1,518)	(400)
Proceeds from exercise of stock options	376	0	0
Costs associated with initial public offering	0	(3,490)	0
Net cash from financing activities	(2,378)	(4,631)	6,613
Effect of exchange rate fluctuations on cash	0	0	39
Net change in cash and cash equivalents	1,811	1,351	1,277
Cash and cash equivalents	6,867	5,056	3,705	$ 2,428
Registrant
Condensed Cash Flow Statements, Captions [Line Items]
Net cash from operating activities	(7,278)	6,106	(56)
Investing Activities
Investment in subsidiary	0	(59,675)	(57)
(Deemed) dividend from subsidiary	6,912	(1,098)	31,148
Net cash from investing activities	6,912	(60,773)	31,091
Financing Activities
Issuance of common stock, net of underwriting fees	0	59,675	57
Repurchases of common stock	(10)	(1,518)	(400)
Payment of preferred dividends and return of invested capital	0	0	(30,690)
Proceeds from exercise of stock options	376	0	0
Costs associated with initial public offering	0	(3,490)	0
Net cash from financing activities	366	54,667	(31,033)
Effect of exchange rate fluctuations on cash	0	0	(2)
Net change in cash and cash equivalents	0	0	0
Cash and cash equivalents	$ 0	$ 0	$ 0	$ 0

Schedule I - Condensed Finan106

Schedule I - Condensed Financial Information of Parent Company - Schedule of Dividends (Details) - Registrant - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2015	Dec. 29, 2014	Dec. 30, 2013
Series A Preferred Shares
Dividends Payable [Line Items]
Dividends declared and paid	$ 0	$ 0	$ 30,346
Series B Preferred Shares
Dividends Payable [Line Items]
Dividends declared and paid	$ 0	$ 0	$ 344

Schedule II - Valudation and107

Schedule II - Valudation and Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2015	Dec. 29, 2014	Dec. 30, 2013
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	$ 60	$ 862	$ 495
Provision (Benefit)		26	427
(Write-offs), Net of Recoveries		(766)	(24)
Currency Translation Adjustments		(62)	(36)
Balance at End of Period		60	862
Allowance for trade and other receivables
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	60	37	61
Provision (Benefit)	(30)	26	0
(Write-offs), Net of Recoveries	1	(3)	(24)
Currency Translation Adjustments	0	0	0
Balance at End of Period	31	60	37
Allowance for notes receivable
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	$ 0	825	434
Provision (Benefit)		0	427
(Write-offs), Net of Recoveries		(763)	0
Currency Translation Adjustments		(62)	(36)
Balance at End of Period		$ 0	$ 825