Wingstop (WING) 10-Q 3 Nov 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Nov. 03, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	Wingstop Inc.
Entity Central Index Key	1,636,222
Current Fiscal Year End Date	--12-30
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		29,094,967
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Current assets
Cash and cash equivalents	$ 4,589	$ 3,750
Accounts receivable, net	4,641	3,199
Prepaid expenses and other current assets	3,305	1,634
Advertising fund assets, restricted	4,674	2,533
Total current assets	17,209	11,116
Property and equipment, net	5,681	4,999
Goodwill	46,557	45,128
Trademarks	32,700	32,700
Other non-current assets	3,073	943
Total assets	121,124	111,800
Current liabilities
Accounts payable	2,149	1,458
Other current liabilities	9,024	9,241
Long-term Debt, Current Maturities	3,500	3,500
Advertising fund liabilities, restricted	4,674	2,533
Total current liabilities	19,347	16,732
Long-term debt, net	136,685	147,217
Deferred revenues, net of current	8,545	7,868
Deferred income tax liabilities, net	12,039	12,304
Other non-current liabilities	2,182	2,307
Total liabilities	178,798	186,428
Commitments and contingencies (see note 7)
Stockholders' deficit
Common stock, $0.01 par value; 100,000,000 shares authorized; 29,093,736 and 28,747,392 shares issued and outstanding as of September 30, 2017 and December 31, 2016, respectively	291	287
Additional paid-in-capital	1,337	1,194
Accumulated deficit	(59,302)	(76,109)
Total stockholders' deficit	(57,674)	(74,628)
Total liabilities and stockholders' deficit	121,124	111,800
Customer Relationships [Member]
Customer relationships, net	$ 15,904	$ 16,914

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	29,093,736	28,747,392
Common stock, shares outstanding	29,093,736	28,747,392

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2017	Sep. 24, 2016	Sep. 30, 2017	Sep. 24, 2016
Revenue:
Royalty revenue and franchise fees		$ 16,354	$ 13,660	$ 50,204	$ 41,463
Company-owned restaurant sales		9,672	8,150	27,063	25,144
Total revenue		26,026	21,810	77,267	66,607
Costs and expenses:
Cost of sales	[1]	7,823	6,091	21,290	18,352
Selling, general and administrative		8,144	8,893	26,694	25,120
Depreciation and amortization		881	746	2,407	2,187
Total costs and expenses		16,848	15,730	50,391	45,659
Operating income		9,178	6,080	26,876	20,948
Interest expense, net		1,302	1,390	3,908	2,858
Other expense, net		0	216	0	254
Income before income tax expense		7,876	4,474	22,968	17,836
Income tax expense		2,864	1,721	6,161	6,714
Net income		$ 5,012	$ 2,753	$ 16,807	$ 11,122
Earnings per share
Basic (in usd per share)		$ 0.17	$ 0.10	$ 0.58	$ 0.39
Diluted (in usd per share)		$ 0.17	$ 0.09	$ 0.57	$ 0.38
Weighted average shares outstanding
Basic (in shares)		29,081	28,725	29,003	28,652
Diluted (in shares)		29,384	29,014	29,362	28,991
[1]	exclusive of depreciation and amortization, shown separately

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 24, 2016
Operating activities
Net income	$ 16,807	$ 11,122
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization	2,407	2,187
Deferred income taxes	(265)	(68)
Stock-based compensation expense	894	392
Amortization of debt issuance costs	219	357
Changes in operating assets and liabilities:
Accounts receivable	(1,442)	875
Prepaid expenses and other assets	(951)	(98)
Accounts payable and other current liabilities	(331)	961
Deferred revenue	769	201
Other non-current liabilities	(127)	169
Cash provided by operating activities	17,980	16,098
Investing activities
Purchases of property and equipment	(1,834)	(1,471)
Acquisition of restaurants from franchisees	(3,949)	0
Cash used in investing activities	(5,783)	(1,471)
Financing activities
Proceeds from exercise of stock options	1,301	459
Borrowings of long-term debt	3,500	165,000
Repayments of long-term debt	(14,125)	(102,500)
Payment of deferred financing costs	0	1,180
Dividends paid	2,034	83,268
Cash used in financing activities	(11,358)	(21,489)
Net change in cash and cash equivalents	839	(6,862)
Cash and cash equivalents at beginning of period	3,750	10,690
Cash and cash equivalents at end of period	$ 4,589	$ 3,828

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation Basis of Presentation Wingstop Inc. (“Wingstop” or the “Company”), through its primary operating subsidiary, Wingstop Restaurants Inc. (“WRI”), collectively referred to as the “Company”, is in the business of franchising and operating Wingstop restaurants. As of September 30, 2017 , 971 franchised restaurants were in operation domestically, and 94 international franchised restaurants were in operation across seven countries. As of September 30, 2017 , the Company owned and operated 23 restaurants. The accompanying unaudited consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial information. Consequently, financial information and disclosures normally included in financial statements prepared annually in accordance with accounting principles generally accepted in the United States (“GAAP”) have been condensed or omitted. Balance sheet amounts are as of September 30, 2017 and December 31, 2016 and operating results are for the thirteen and thirty-nine weeks ended September 30, 2017 and September 24, 2016 . In the Company’s opinion, all necessary adjustments have been made for the fair presentation of the results of the interim periods presented. The results of operations for such interim periods are not necessarily indicative of the results to be expected for the full year. The accompanying interim unaudited consolidated financial statements should be read in conjunction with the audited financial statements and the related notes thereto included in the Company’s annual report on Form 10-K for the fiscal year ended December 31, 2016 . The Company uses a 52/53-week fiscal year that ends on the last Saturday of the calendar year. Fiscal years 2017 and 2016 have 52 weeks and 53 weeks, respectively. Advertising Fund The Company administers the Wingstop Restaurants Advertising Fund (“Ad Fund”), which is used for various forms of advertising for the Wingstop brand. The revenues, expenses and cash flows of the Ad Fund are not included in the Consolidated Statements of Operations or Consolidated Statements of Cash Flows because the Company does not have complete discretion over the usage of the funds. Beginning in fiscal year 2017, in conjunction with the launch of national advertising, the advertising fund contribution collected from Wingstop restaurant franchisees and WRI-owned restaurants increased from 2% to 3% of gross sales. This change is not an increase to the existing 4% of the restaurants’ gross sales that has historically been required to be spent on advertising according to our franchise agreement, but rather a reallocation of the types of advertising on which the 4% advertising fee will be spent. For the thirty-nine weeks ended September 30, 2017 and September 24, 2016 the Company made discretionary contributions to the Ad Fund totaling $4.8 million and $1.7 million , respectively, for the purpose of supplementing the national advertising campaign, which were included in Selling, general & administrative (“SG&A”) expenses in the Consolidated Statements of Operations. Recent Accounting Pronouncements In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) . This update provides a comprehensive new revenue recognition model that requires a company to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. The guidance also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts. This update is effective for annual and interim periods beginning after December 15, 2017 with early adoption permitted in fiscal year 2017. The Company will adopt this new guidance in fiscal year 2018 and expects to use the full retrospective transition method, which will result in restating each prior reporting period presented, fiscal years 2016 and 2017, in the year of adoption, as well as a cumulative effect adjustment to the opening balance of Accumulated Deficit as of the first day of fiscal year 2016. Based on a preliminary assessment, the Company believes the recognition of the majority of its revenues, including ongoing royalty fee revenues, which are based on a percentage of franchise sales, and revenues from Company-owned stores, will not be affected by the new guidance. The Company expects the adoption of the new guidance to change the timing of recognition of initial franchise fees, including development and territory fees for our international business, and renewal fees. Currently, these fees are generally recognized upfront upon either opening of the respective restaurant or when a renewal agreement becomes effective. The new guidance will generally require these fees to be recognized over the term of the related franchise license for the respective restaurant. The Company also expects the adoption of this new guidance to change the reporting of advertising fund contributions from franchisees and the related advertising fund expenditures, which are not currently included in the consolidated statements of operations. Under the new guidance, the Company expects advertising fund contributions and expenditures to be reported on a gross basis in the consolidated statements of operations. Although we expect this change to have a material impact to our total revenues and expenses, we expect such contributions and expenditures to be largely offsetting and not to materially impact our reported net income. Although the majority of the assessment phase is complete, the Company continues to evaluate the impact the adoption of this new guidance will have on these and other revenue transactions, in addition to the impact on accounting policies and related disclosures. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) . ASU 2016-02 amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. ASU 2016-02 will be effective beginning in the first quarter of 2019. Early adoption of ASU 2016-02 as of its issuance is permitted. This new guidance requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. The Company is currently evaluating the impact of adopting this new guidance on the consolidated financial statements. In March 2016, the FASB issued Accounting Standards Update 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting, which was issued to simplify accounting for several aspects of share-based payment transactions, including the income tax impact, classification on the statement of cash flows and forfeitures. The Company adopted this new standard on January 1, 2017. As a result, the recognition of excess tax benefits are reflected in our provision for income taxes in the Consolidated Statements of Operations rather than Stockholders’ deficit in the Consolidated Balance Sheet for all periods after fiscal year 2016. This provision was required to be applied prospectively. For the thirteen and thirty-nine weeks ended September 30, 2017 , we recognized $0.1 million and $2.5 million , respectively, of excess tax benefits in income tax expense in the Consolidated Statements of Operations. Excess tax benefits are now reported in cash flows from operating activities rather than cash flows from financing activities in the Consolidated Statement of Cash Flows. We elected to apply this change in presentation retrospectively, and thus, prior periods have been adjusted, resulting in an increase to cash provided by operating activities and cash used in financing activities of $1.0 million for the thirty-nine weeks ended September 24, 2016 . This new standard allows entities to make an accounting policy election to either estimate the number of equity awards that are expected to vest, as previously required, or account for forfeitures when they occur. We have elected to recognize forfeitures in the period they occur. This change in accounting policy did not result in a material impact to the Consolidated Statements of Operations.

Earnings per Share (Notes)

Earnings per Share (Notes)	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	Earnings per Share Basic earnings per share is computed by dividing income available to common shareholders by the weighted average number of common shares outstanding for the reporting period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. For the calculation of diluted earnings per share, the basic weighted average number of shares is increased by the dilutive effect of stock options and restricted stock units, determined using the treasury stock method. Basic weighted average shares outstanding is reconciled to diluted weighted average shares outstanding as follows (in thousands): Thirteen Weeks Ended Thirty-Nine Weeks Ended September 30, September 24, September 30, September 24, Basic weighted average shares outstanding 29,081 28,725 29,003 28,652 Dilutive shares 303 289 359 339 Diluted weighted average shares outstanding 29,384 29,014 29,362 28,991 For the thirteen weeks ended September 30, 2017 and September 24, 2016 , respectively, approximately 3,000 and 5,000 equity awards were excluded from the dilutive earnings per share calculation because the effect would have been anti-dilutive. For the thirty-nine weeks ended September 30, 2017 and September 24, 2016 , respectively, approximately 11,000 and 5,000 equity awards were excluded from the dilutive earnings per share calculation because the effect would have been anti-dilutive.

Dividends (Notes)

Dividends (Notes)	9 Months Ended
	Sep. 30, 2017
Dividends [Abstract]
Dividends Disclosure [Text Block]	Dividends On August 3, 2017 , the Company’s Board of Directors declared a quarterly dividend of $0.07 per share of common stock for shareholders of record as of September 3, 2017 , which was paid on September 18, 2017 , totaling $2.0 million . Subsequent to the third quarter, on November 2, 2017 , the Company’s Board of Directors declared a quarterly dividend of $0.07 per share of common stock for shareholders of record as of December 4, 2017 , to be paid on December 19, 2017 , totaling approximately $2.0 million .

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Fair value is the price that would be received upon sale of an asset or paid upon transfer of a liability in an orderly transaction between market participants at the measurement date and in the principal or most advantageous market for that asset or liability. Assets and liabilities are classified using a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value as follows: Level 1 — Unadjusted quoted prices for identical instruments traded in active markets. Level 2 — Observable market-based inputs or unobservable inputs corroborated by market data. Level 3 — Unobservable inputs reflecting management’s estimates and assumptions. The carrying values of cash and cash equivalents, accounts receivable and accounts payable approximate fair value due to their short-term nature. Fair value of debt is determined on a non-recurring basis, which results are summarized as follows (in thousands): Fair Value Hierarchy September 30, 2017 December 31, 2016 Carrying Value (2) Fair Value Carrying Value (2) Fair Value Senior Secured Credit Facility: Term loan facility (1) Level 2 $ 65,625 $ 65,625 $ 68,250 $ 68,250 Revolving credit facility (1) Level 2 $ 75,000 $ 75,000 $ 83,000 $ 83,000 (1) The fair value of long-term debt was estimated using available market information. (2) Excluding issuance costs netted on the Balance Sheet. The Company also measures certain non-financial assets at fair value on a non-recurring basis, primarily long-lived assets, intangible assets and goodwill, in connection with our periodic evaluations of such assets for potential impairment.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax expense and the effective tax rate were $2.9 million and 36.4% , respectively, for the thirteen weeks ended September 30, 2017 , and $1.7 million and 38.5% , respectively, for the thirteen weeks ended September 24, 2016 . Income tax expense and the effective tax rate were $6.2 million and 26.8% , respectively, for the thirty-nine weeks ended September 30, 2017 , and $6.7 million and 37.6% , respectively, for the thirty-nine weeks ended September 24, 2016 . Income tax expense for the thirteen and thirty-nine weeks ended September 30, 2017 includes $0.1 million and $2.5 million in tax benefits, respectively, resulting from the recognition of excess tax benefits from share-based compensation in income tax expense rather than paid-in capital due to the adoption of ASU 2016-09, which resulted in a lower effective tax rate for the thirteen and thirty-nine weeks ended September 30, 2017 compared to the prior year period.

Debt Obligations

Debt Obligations	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Debt Obligations	Debt Obligations The senior secured credit facility consists of a term loan facility in an aggregate amount of $70.0 million and a revolving credit facility up to an aggregate amount of $110.0 million . As of September 30, 2017 , the term loan facility and the revolving credit facility had outstanding balances of $65.6 million and $75.0 million , respectively, bearing interest at 3.33% . In 2017 , the Company made payments of $11.5 million and $2.6 million on the outstanding principal balance of its revolving credit facility and term loan facility, respectively, and borrowings on its revolving credit facility of $3.5 million . The senior secured credit facility is secured by substantially all assets of the Company and requires compliance with certain financial and non-financial covenants. As of September 30, 2017 , the Company was in compliance with all covenants. As of September 30, 2017 , the scheduled principal payments on debt were as follows (in thousands): Remainder of fiscal year 2017 $ 875 Fiscal year 2018 3,500 Fiscal year 2019 2,625 Fiscal year 2020 3,500 Fiscal year 2021 130,125 Total $ 140,625

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies WRI leases certain office and retail space and equipment under non-cancelable operating leases with terms expiring at various dates through July 2032 . A schedule of future minimum rental payments required under our operating leases, excluding contingent rent, that have initial or remaining non-cancelable lease terms in excess of one year, as of September 30, 2017 , is as follows (in thousands): Remainder of fiscal year 2017 $ 446 Fiscal year 2018 1,783 Fiscal year 2019 1,561 Fiscal year 2020 1,436 Fiscal year 2021 1,282 Fiscal year 2022 1,226 Thereafter 4,038 Total $ 11,772 Rent expense under cancelable and non-cancelable leases was $508,000 and $479,000 for the thirteen weeks ended September 30, 2017 and September 24, 2016 , respectively, and $1.5 million and $1.4 million for the thirty-nine weeks ended September 30, 2017 and September 24, 2016 , respectively. The Company is subject to legal proceedings, claims and liabilities, such as employment-related claims and premises-liability cases, which arise in the ordinary course of business and are generally covered by insurance. In the opinion of management, the amount of ultimate liability with respect to those actions should not have a material adverse impact on the Company’s financial position, results of operations or cash flows.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Stock-Based Compensation Stock-based compensation is measured at the grant date, based on the calculated fair value of the award, and is recognized as an expense over the requisite employee service period (generally the vesting period of the grant). The Company recognized $0.9 million in stock compensation expense for the thirty-nine weeks ended September 30, 2017 , with a corresponding increase to additional paid-in-capital. Stock compensation expense is included in SG&A in the Consolidated Statements of Operations. Stock Options The following table summarizes stock option activity (in thousands, except per share data): Stock Options Weighted Average Exercise Price Aggregate Intrinsic Value Weighted Average Remaining Term Outstanding - December 31, 2016 855 $ 5.14 $ 20,905 6.8 Granted — $ — Exercised (325 ) $ 4.00 Canceled (109 ) $ 7.12 Outstanding - September 30, 2017 421 $ 5.52 $ 11,679 5.9 The total grant-date fair value of stock options vested during the thirty-nine weeks ended September 30, 2017 was $1.0 million . The total intrinsic value of stock options exercised during the thirty-nine weeks ended September 30, 2017 was $8.1 million . As of September 30, 2017 , total unrecognized compensation expense related to unvested stock options was $1.1 million , which is expected to be recognized over a weighted-average period of 1.7 years. Restricted Stock Units and Performance Stock Units The following table summarizes activity related to restricted stock units and performance stock units (in thousands, except per share data): Restricted Stock Units Weighted Average Grant Date Fair Value Performance Stock Units Weighted Average Grant Date Fair Value Outstanding - December 31, 2016 — $ — — $ — Granted 105 27.02 94 27.52 Released — — — — Canceled (11 ) 26.30 (8 ) 26.30 Outstanding - September 30, 2017 94 $ 27.10 86 $ 27.63 The fair value of restricted stock units and performance stock units are based on the closing market price of the stock on the date of grant. The restricted stock units granted during the thirty-nine weeks ended September 30, 2017 vest over a three year service period. As of September 30, 2017 , total unrecognized compensation expense related to unvested restricted stock units was $2.1 million , which is expected to be recognized over a weighted-average period of 2.4 years. The performance stock units vest based on the outcome of certain performance criteria. For performance stock units granted during the thirty-nine weeks ended September 30, 2017 , the amount of units that can be earned range from 0% to 100% of the number of performance awards granted, based on the achievement of certain adjusted EBITDA targets, as defined by the plan, over a performance period of one to three years. The compensation expense related to the performance stock units is recognized over the vesting period when the achievement of the performance conditions become probable. As of September 30, 2017 , total unrecognized compensation expense related to unvested performance stock units was $1.8 million , which is expected to be recognized over a weighted-average period of 2.4 years. Restricted Stock Awards The Company granted 9,000 shares of restricted stock awards during the thirty-nine weeks ended September 30, 2017 with a weighted average grant date fair value of $29.12 . The fair value of the non-vested restricted stock awards is based on the closing price on the date of grant. As of September 30, 2017 , total unrecognized compensation expense related to unvested restricted stock awards was $0.4 million , which will be recognized over a weighted average period of approximately 2.4 years .

Business Segments

Business Segments	9 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Business Segments	Business Segments The Franchise segment consists of domestic and international franchise restaurants, which represent the majority of our system-wide restaurants. As of September 30, 2017 , the franchise operations segment consisted of 1,065 restaurants operated by Wingstop franchisees in the United States and seven countries outside of the United States as compared to 929 franchised restaurants in operation as of September 24, 2016 . Franchise operations revenue consists primarily of franchise royalty revenue, sales of franchise and development fees, international territory fees, and other revenue. As of September 30, 2017 , the Company segment consisted of 23 company-owned restaurants, located in the United States, as compared to 20 company-owned restaurants as of September 24, 2016 . Company restaurant sales are comprised of food and beverage sales at company-owned restaurants. Company restaurant expenses are operating expenses at company-owned restaurants and include food, beverage, labor, benefits, utilities, rent and other operating costs. Information on segments and a reconciliation to income before taxes are as follows (in thousands): Thirteen Weeks Ended Thirty-Nine Weeks Ended September 30, September 24, September 30, September 24, Revenue: Franchise segment $ 16,354 $ 13,660 $ 50,204 $ 41,463 Company segment 9,672 8,150 27,063 25,144 Total segment revenue $ 26,026 $ 21,810 $ 77,267 $ 66,607 Segment Profit: Franchise segment $ 8,251 $ 6,199 $ 23,792 $ 18,794 Company segment 927 1,236 3,084 4,211 Total segment profit 9,178 7,435 26,876 23,005 Corporate and other (1) — 1,355 — 2,057 Interest expense, net 1,302 1,390 3,908 2,858 Other (income) expense, net — 216 — 254 Income before taxes $ 7,876 $ 4,474 $ 22,968 $ 17,836 (1) Corporate and other includes corporate related items not allocated to reportable segments and consists primarily of expenses associated with the refinancing of our credit agreement and our public offerings.

Restaurant Acquisition (Notes)

Restaurant Acquisition (Notes)	9 Months Ended
	Sep. 30, 2017
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	Restaurant Acquisition On July 16, 2017 , the Company acquired two existing restaurants from a franchisee. The total purchase price was $3.9 million and was paid in cash funded by operations and proceeds from our revolving credit facility. The results of operations of these locations are included in our Consolidated Statements of Operations as of the date of acquisition. The acquisition is accounted for as a business combination. The following table summarizes the final allocation of the purchase price to the estimated fair values of assets acquired and liabilities assumed at the date of the acquisition, inclusive of adjustments made during the measurement period (in thousands): Final Purchase Price Allocation Inventory $ 16 Property and equipment 183 Reacquired franchise rights 2,323 Goodwill 1,429 Gift card liability (2 ) Total purchase price $ 3,949 The excess of the purchase price over the aggregate fair value of assets acquired was allocated to goodwill and is attributable to the benefits expected as a result of the acquisition, including sales and unit growth opportunities. As of September 30, 2017 , $1.4 million of the goodwill from the acquisition is expected to be deductible for federal income tax purposes. Pro-forma financial information of the combined entities is not presented due to the immaterial impact of the financial results of the acquired restaurants on our consolidated financial statements. The fair value measurement of tangible and intangible assets and liabilities as of the acquisition date is based on significant inputs not observed in the market and thus represents a Level 3 fair value measurement. Fair value measurements for reacquired franchise rights were determined using the income approach. Fair value measurements for property and equipment were determined using the cost approach.

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Fiscal Year End	The Company uses a 52/53-week fiscal year that ends on the last Saturday of the calendar year. Fiscal years 2017 and 2016 have 52 weeks and 53 weeks, respectively.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) . This update provides a comprehensive new revenue recognition model that requires a company to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. The guidance also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts. This update is effective for annual and interim periods beginning after December 15, 2017 with early adoption permitted in fiscal year 2017. The Company will adopt this new guidance in fiscal year 2018 and expects to use the full retrospective transition method, which will result in restating each prior reporting period presented, fiscal years 2016 and 2017, in the year of adoption, as well as a cumulative effect adjustment to the opening balance of Accumulated Deficit as of the first day of fiscal year 2016. Based on a preliminary assessment, the Company believes the recognition of the majority of its revenues, including ongoing royalty fee revenues, which are based on a percentage of franchise sales, and revenues from Company-owned stores, will not be affected by the new guidance. The Company expects the adoption of the new guidance to change the timing of recognition of initial franchise fees, including development and territory fees for our international business, and renewal fees. Currently, these fees are generally recognized upfront upon either opening of the respective restaurant or when a renewal agreement becomes effective. The new guidance will generally require these fees to be recognized over the term of the related franchise license for the respective restaurant. The Company also expects the adoption of this new guidance to change the reporting of advertising fund contributions from franchisees and the related advertising fund expenditures, which are not currently included in the consolidated statements of operations. Under the new guidance, the Company expects advertising fund contributions and expenditures to be reported on a gross basis in the consolidated statements of operations. Although we expect this change to have a material impact to our total revenues and expenses, we expect such contributions and expenditures to be largely offsetting and not to materially impact our reported net income. Although the majority of the assessment phase is complete, the Company continues to evaluate the impact the adoption of this new guidance will have on these and other revenue transactions, in addition to the impact on accounting policies and related disclosures. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) . ASU 2016-02 amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. ASU 2016-02 will be effective beginning in the first quarter of 2019. Early adoption of ASU 2016-02 as of its issuance is permitted. This new guidance requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. The Company is currently evaluating the impact of adopting this new guidance on the consolidated financial statements. In March 2016, the FASB issued Accounting Standards Update 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting, which was issued to simplify accounting for several aspects of share-based payment transactions, including the income tax impact, classification on the statement of cash flows and forfeitures. The Company adopted this new standard on January 1, 2017. As a result, the recognition of excess tax benefits are reflected in our provision for income taxes in the Consolidated Statements of Operations rather than Stockholders’ deficit in the Consolidated Balance Sheet for all periods after fiscal year 2016. This provision was required to be applied prospectively. For the thirteen and thirty-nine weeks ended September 30, 2017 , we recognized $0.1 million and $2.5 million , respectively, of excess tax benefits in income tax expense in the Consolidated Statements of Operations. Excess tax benefits are now reported in cash flows from operating activities rather than cash flows from financing activities in the Consolidated Statement of Cash Flows. We elected to apply this change in presentation retrospectively, and thus, prior periods have been adjusted, resulting in an increase to cash provided by operating activities and cash used in financing activities of $1.0 million for the thirty-nine weeks ended September 24, 2016 . This new standard allows entities to make an accounting policy election to either estimate the number of equity awards that are expected to vest, as previously required, or account for forfeitures when they occur. We have elected to recognize forfeitures in the period they occur. This change in accounting policy did not result in a material impact to the Consolidated Statements of Operations.

Earnings per Share (Tables)

Earnings per Share (Tables)	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Schedule of Reconciliation of Basic Shares Outstanding to Diluted Shares Outstanding	Basic weighted average shares outstanding is reconciled to diluted weighted average shares outstanding as follows (in thousands): Thirteen Weeks Ended Thirty-Nine Weeks Ended September 30, September 24, September 30, September 24, Basic weighted average shares outstanding 29,081 28,725 29,003 28,652 Dilutive shares 303 289 359 339 Diluted weighted average shares outstanding 29,384 29,014 29,362 28,991

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Schedule of Fair Value Measurements, Nonrecurring	Fair value of debt is determined on a non-recurring basis, which results are summarized as follows (in thousands): Fair Value Hierarchy September 30, 2017 December 31, 2016 Carrying Value (2) Fair Value Carrying Value (2) Fair Value Senior Secured Credit Facility: Term loan facility (1) Level 2 $ 65,625 $ 65,625 $ 68,250 $ 68,250 Revolving credit facility (1) Level 2 $ 75,000 $ 75,000 $ 83,000 $ 83,000 (1) The fair value of long-term debt was estimated using available market information. (2) Excluding issuance costs netted on the Balance Sheet.

Debt Obligations Debt Obligatio

Debt Obligations Debt Obligations - Schedule of Maturities (Tables)	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Schedule of Maturities of Long-term Debt [Table Text Block]	As of September 30, 2017 , the scheduled principal payments on debt were as follows (in thousands): Remainder of fiscal year 2017 $ 875 Fiscal year 2018 3,500 Fiscal year 2019 2,625 Fiscal year 2020 3,500 Fiscal year 2021 130,125 Total $ 140,625

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Contractual Obligation, Fiscal Year Maturity Schedule [Table Text Block]	A schedule of future minimum rental payments required under our operating leases, excluding contingent rent, that have initial or remaining non-cancelable lease terms in excess of one year, as of September 30, 2017 , is as follows (in thousands): Remainder of fiscal year 2017 $ 446 Fiscal year 2018 1,783 Fiscal year 2019 1,561 Fiscal year 2020 1,436 Fiscal year 2021 1,282 Fiscal year 2022 1,226 Thereafter 4,038 Total $ 11,772

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Stock Option Activity	The following table summarizes stock option activity (in thousands, except per share data): Stock Options Weighted Average Exercise Price Aggregate Intrinsic Value Weighted Average Remaining Term Outstanding - December 31, 2016 855 $ 5.14 $ 20,905 6.8 Granted — $ — Exercised (325 ) $ 4.00 Canceled (109 ) $ 7.12 Outstanding - September 30, 2017 421 $ 5.52 $ 11,679 5.9
Schedule of Unvested Restricted Stock Units Roll Forward [Table Text Block]	The following table summarizes activity related to restricted stock units and performance stock units (in thousands, except per share data): Restricted Stock Units Weighted Average Grant Date Fair Value Performance Stock Units Weighted Average Grant Date Fair Value Outstanding - December 31, 2016 — $ — — $ — Granted 105 27.02 94 27.52 Released — — — — Canceled (11 ) 26.30 (8 ) 26.30 Outstanding - September 30, 2017 94 $ 27.10 86 $ 27.63

Business Segments (Tables)

Business Segments (Tables)	9 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Information on segments and a reconciliation to income before taxes are as follows (in thousands): Thirteen Weeks Ended Thirty-Nine Weeks Ended September 30, September 24, September 30, September 24, Revenue: Franchise segment $ 16,354 $ 13,660 $ 50,204 $ 41,463 Company segment 9,672 8,150 27,063 25,144 Total segment revenue $ 26,026 $ 21,810 $ 77,267 $ 66,607 Segment Profit: Franchise segment $ 8,251 $ 6,199 $ 23,792 $ 18,794 Company segment 927 1,236 3,084 4,211 Total segment profit 9,178 7,435 26,876 23,005 Corporate and other (1) — 1,355 — 2,057 Interest expense, net 1,302 1,390 3,908 2,858 Other (income) expense, net — 216 — 254 Income before taxes $ 7,876 $ 4,474 $ 22,968 $ 17,836 (1) Corporate and other includes corporate related items not allocated to reportable segments and consists primarily of expenses associated with the refinancing of our credit agreement and our public offerings.

Restaurant Acquisition (Tables)

Restaurant Acquisition (Tables)	9 Months Ended
	Sep. 30, 2017
Business Combinations [Abstract]
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	The following table summarizes the final allocation of the purchase price to the estimated fair values of assets acquired and liabilities assumed at the date of the acquisition, inclusive of adjustments made during the measurement period (in thousands): Final Purchase Price Allocation Inventory $ 16 Property and equipment 183 Reacquired franchise rights 2,323 Goodwill 1,429 Gift card liability (2 ) Total purchase price $ 3,949

Basis of Presentation - Overvie

Basis of Presentation - Overview (Details) $ in Millions	3 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2017USD ($)restaurantcountry	Sep. 30, 2017USD ($)restaurantcountry	Sep. 24, 2016USD ($)restaurant	Dec. 31, 2016
Franchisor Disclosure [Line Items]
Percentage of Revenue Collected for Advertising Fund		3.00%		2.00%
Percentage of Revenue Required to be Spent on Advertising		4.00%
Franchised Units [Member]
Franchisor Disclosure [Line Items]
Number of Restaurants	1,065	1,065	929
Franchised Units [Member] | UNITED STATES [Member]
Franchisor Disclosure [Line Items]
Number of Restaurants	971	971
Franchised Units [Member] | Non-US [Member]
Franchisor Disclosure [Line Items]
Number of Restaurants	94	94
Number of Countries in which Entity Operates | country	7	7
Entity Operated Units [Member]
Franchisor Disclosure [Line Items]
Number of Restaurants	23	23	20
Accounting Standards Update 2016-09 [Member]
Franchisor Disclosure [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Change on Net Income | $	$ 0.1	$ 2.5
New Accounting Pronouncement, Effect on Presentation in Statement of Cash Flows | $			$ 1
Selling, General and Administrative Expenses [Member]
Franchisor Disclosure [Line Items]
Franchise Advertising Fund Discretionary Contributions | $		$ 4.8	$ 1.7

Earnings per Share (Details)

Earnings per Share (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 24, 2016	Sep. 30, 2017	Sep. 24, 2016
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Basic weighted average shares outstanding	29,081	28,725	29,003	28,652
Dilutive shares	303	289	359	339
Diluted weighted average shares outstanding	29,384	29,014	29,362	28,991
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	3	5	11	5

Dividends (Details)

Dividends (Details) - USD ($) $ / shares in Units, $ in Thousands	Nov. 02, 2017	Sep. 30, 2017	Sep. 24, 2016	Sep. 30, 2017	Sep. 24, 2016	Dec. 10, 2017
Dividends Payable [Line Items]
Common Stock, Dividends, Per Share, Cash Paid		$ 0.07	$ 2.9	$ 0.07	$ 2.9
Dividends, Cash		$ (2,048)		$ (2,034)	$ (83,268)
Subsequent Event [Member]
Dividends Payable [Line Items]
Common Stock, Dividends, Per Share, Declared	$ 0.07
Dividends Payable, Current						$ (2,000)

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Nonrecurring - Level 2 - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Reported Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior Secured Term Loan Facility	$ 65,625	$ 68,250
Senior Secured Revolving Credit Facility	75,000	83,000
Estimate of Fair Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior Secured Term Loan Facility	65,625	68,250
Senior Secured Revolving Credit Facility	$ 75,000	$ 83,000

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 24, 2016	Sep. 30, 2017	Sep. 24, 2016
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Income tax expense	$ 2,864	$ 1,721	$ 6,161	$ 6,714
Effective income tax rate	36.40%	38.50%	26.80%	37.60%
Accounting Standards Update 2016-09 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	$ 100		$ 2,500

Debt Obligations - Senior Secur

Debt Obligations - Senior Secured Credit Facility (Details) - USD ($)	9 Months Ended
	Sep. 30, 2017	Jun. 30, 2016
Debt Instrument [Line Items]
Debt instrument, interest rate, end of period	3.33%
Secured Debt [Member]
Debt Instrument [Line Items]
Long-term Line of Credit	$ 65,600,000	$ 70,000,000
Repayments of Secured Debt	2,600,000
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Current Borrowing Capacity		$ 110,000,000
Long-term Line of Credit	75,000,000
Repayments of Lines of Credit	11,500,000
Proceeds from Long-term Lines of Credit	$ 3,500,000

Debt Obligations Debt Obligat30

Debt Obligations Debt Obligations - Schedule of Maturities (Details) $ in Thousands	Sep. 30, 2017USD ($)
Debt Disclosure [Abstract]
Remainder of fiscal year 2017	$ 875
Fiscal year 2018	3,500
Fiscal year 2019	2,625
Fiscal year 2020	3,500
Fiscal year 2021	130,125
Total	$ 140,625

Commitments and Contingencies31

Commitments and Contingencies (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 24, 2016	Sep. 30, 2017	Sep. 24, 2016
Commitments and Contingencies Disclosure [Abstract]
Remainder of fiscal year 2017	$ 446		$ 446
Fiscal year 2018	1,783		1,783
Fiscal year 2019	1,561		1,561
Fiscal year 2020	1,436		1,436
Fiscal year 2021	1,282		1,282
Fiscal year 2022	1,226		1,226
Thereafter	4,038		4,038
Total	11,772		11,772
Rent expense	$ 508	$ 479	$ 1,500	$ 1,400

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock Option Plan (Details) $ in Millions	9 Months Ended
	Sep. 30, 2017USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date fair value of stock options, vested	$ 1
Intrinsic value of stock options	8.1
Stock-based compensation expense, unrecognized	$ 1.1
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense, recognition period	1 year 8 months 12 days
Additional Paid-in Capital [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 0.9

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Stock Option Activity (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Stock options outstanding (in shares)			855
Stock options granted (in shares)			0
Stock options exercised			(325)
Stock options forfeited (in shares)			(109)
Stock options outstanding (in shares)	421	855	421
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Stock options outstanding, weighted average exercise price (in usd per share)			$ 5.14
Stock options granted, weighted average exercise price (in usd per share)			0
Stock options exercised, weighted average exercise price (in usd per share)			4
Stock options forfeited, weighted average exercise price (in usd per share)			7.12
Stock options outstanding, weighted average exercise price (in usd per share)	$ 5.52	$ 5.14	$ 5.52
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Stock options outstanding, aggregate intrinsic value			$ 20,905
Stock options outstanding, aggregate intrinsic value	$ 11,679	$ 20,905	$ 11,679
Stock options outstanding, weighted average remaining term	5 years 10 months 24 days	6 years 9 months 18 days

Stock-Based Compensation Stock-

Stock-Based Compensation Stock-Based Compentsation - Schedule of Restricted Stock Units Activity (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	9 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Restricted stock units and performance stock units outstanding (in shares)	94	0
Restricted stock units and performance stock units granted (in shares)	105
Restricted stock units and performance stock units released (in shares)	0
Restricted stock units and performance stock units canceled (in shares)	(11)
Restricted stock units and performance stock units outstanding, weighted average grant date fair value (in usd per share)	$ 27.10	$ 0
Restricted stock units and performance stock units granted, weighted average grant date fair value (in usd per share)	27.02
Restricted stock units and performance stock units released, weighted average grant date fair value (in usd per share)	0
Restricted stock units and performance stock units canceled, weighted average grant date fair value (in usd per share)	$ 26.30
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options	$ 2.1
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years 4 months 24 days
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Restricted stock units and performance stock units outstanding (in shares)	86	0
Restricted stock units and performance stock units granted (in shares)	94
Restricted stock units and performance stock units released (in shares)	0
Restricted stock units and performance stock units canceled (in shares)	(8)
Restricted stock units and performance stock units outstanding, weighted average grant date fair value (in usd per share)	$ 27.63	$ 0
Restricted stock units and performance stock units granted, weighted average grant date fair value (in usd per share)	27.52
Restricted stock units and performance stock units released, weighted average grant date fair value (in usd per share)	0
Restricted stock units and performance stock units canceled, weighted average grant date fair value (in usd per share)	$ 26.30
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options	$ 1.8
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years 4 months 24 days
Performance Shares [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	1 year
Performance Shares [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	100.00%
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Restricted stock units and performance stock units granted (in shares)	9
Restricted stock units and performance stock units granted, weighted average grant date fair value (in usd per share)	$ 29.12
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options	$ 0.4
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years 4 months 24 days

Business Segments Business Segm

Business Segments Business Segments - Restaurant Counts (Details)	Sep. 30, 2017restaurantcountry	Sep. 24, 2016restaurant
Franchised Units [Member]
Franchisor Disclosure [Line Items]
Number of Restaurants	1,065	929
Entity Operated Units [Member]
Franchisor Disclosure [Line Items]
Number of Restaurants	23	20
Non-US [Member] | Franchised Units [Member]
Franchisor Disclosure [Line Items]
Number of Restaurants	94
Number of Countries in which Entity Operates | country	7

Business Segments (Details)

Business Segments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 24, 2016	Sep. 30, 2017	Sep. 24, 2016
Segment Reporting Information [Line Items]
Franchise segment	$ 16,354	$ 13,660	$ 50,204	$ 41,463
Company segment	9,672	8,150	27,063	25,144
Total revenue	26,026	21,810	77,267	66,607
Operating income	(9,178)	(6,080)	(26,876)	(20,948)
Interest expense, net	1,302	1,390	3,908	2,858
Other (income) expense, net	0	216	0	254
Income before taxes	7,876	4,474	22,968	17,836
Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue	26,026	21,810	77,267	66,607
Operating income	(9,178)	(7,435)	(26,876)	(23,005)
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Operating income	0	1,355	0	2,057
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Interest expense, net	1,302	1,390	3,908	2,858
Other (income) expense, net	0	216	0	254
Franchise Segment [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Franchise segment	16,354	13,660	50,204	41,463
Operating income	(8,251)	(6,199)	(23,792)	(18,794)
Company Segment [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Company segment	9,672	8,150	27,063	25,144
Operating income	$ (927)	$ (1,236)	$ (3,084)	$ (4,211)

Restaurant Acquisition (Details

Restaurant Acquisition (Details) $ in Thousands	Jul. 16, 2017USD ($)restaurant	Sep. 30, 2017USD ($)	Dec. 31, 2016USD ($)
Business Acquisition [Line Items]
Number of Restaurants Acquired from a Franchisee | restaurant	2
Business Combination, Consideration Transferred	$ 3,900
Business Acquisition, Goodwill, Expected Tax Deductible Amount	1,400
Inventory	16
Property and equipment	183
Reacquired franchise rights	2,323
Goodwill	1,429	$ 46,557	$ 45,128
Gift card liability	(2)
Total purchase price	$ 3,949