Dine Brands Global (DIN) 10-Q 29 Jul 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Jul. 24, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	DineEquity, Inc.
Entity Central Index Key	49,754
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		18,871,808

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 104,383	$ 104,004
Receivables, net	107,807	153,498
Restricted cash	41,255	52,262
Prepaid gift card costs	41,559	51,268
Prepaid income taxes	1,278	11,753
Deferred income taxes	38,465	30,860
Other current assets	12,835	9,239
Total current assets	347,582	412,884
Long-term receivables, net	170,368	180,856
Property and equipment, net	231,124	241,229
Goodwill	697,470	697,470
Other intangible assets, net	777,425	782,336
Deferred rent receivable	90,917	91,117
Other non-current assets, net	40,972	42,216
Total assets	2,355,858	2,448,108
Current liabilities:
Accounts payable	39,162	41,771
Gift card liability	116,865	179,760
Accrued advertising	13,374	10,150
Accrued employee compensation and benefits	14,932	25,722
Dividends payable	16,546	16,635
Accrued interest payable	3,886	14,126
Current maturities of capital lease and financing obligations	15,291	14,852
Other accrued expenses	15,566	10,033
Total current liabilities	235,622	313,049
Long-term debt	1,300,000	1,300,000
Capital lease obligations, less current maturities	91,505	98,119
Financing obligations, less current maturities	42,461	42,524
Deferred income taxes	309,159	319,111
Deferred rent payable	74,874	75,375
Other non-current liabilities	21,365	20,857
Total liabilities	$ 2,074,986	$ 2,169,035
Commitments and contingencies
Stockholders’ equity:
Common stock, $0.01 par value, shares: 40,000,000 authorized; June 30, 2015 - 25,212,715 issued, 18,873,985 outstanding; December 31, 2014 - 25,240,055 issued, 18,953,567 outstanding	$ 252	$ 252
Additional paid-in-capital	284,055	279,946
Retained earnings	335,750	313,644
Accumulated other comprehensive loss	(85)	(73)
Treasury stock, at cost; shares: June 30, 2015 - 6,338,730; December 31, 2014 - 6,286,488	(339,100)	(314,696)
Total stockholders’ equity	280,872	279,073
Total liabilities and stockholders’ equity	$ 2,355,858	$ 2,448,108

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	25,212,715	25,240,055
Common stock, shares outstanding	18,873,985	18,953,567
Treasury stock, shares	6,338,730	6,286,488

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenues:
Franchise and restaurant revenues	$ 137,768	$ 126,444	$ 279,586	$ 258,239
Rental revenues	31,132	30,709	62,534	61,462
Financing revenues	2,649	3,368	5,243	8,021
Total revenues	171,549	160,521	347,363	327,722
Cost of revenues:
Franchise and restaurant expenses	51,423	42,155	103,449	87,833
Rental expenses	23,319	23,653	46,809	47,519
Financing expenses	0	240	12	825
Total cost of revenues	74,742	66,048	150,270	136,177
Gross profit	96,807	94,473	197,093	191,545
General and administrative expenses	34,577	34,816	68,807	69,001
Interest expense	15,677	24,942	31,323	49,911
Amortization of intangible assets	2,500	3,070	5,000	6,141
Closure and impairment charges, net	475	637	2,302	837
Loss on extinguishment of debt	0	6	0	12
Loss (gain) on disposition of assets	66	(130)	57	797
Income before income tax provision	43,512	31,132	89,604	64,846
Income tax provision	(16,615)	(11,965)	(34,295)	(24,855)
Net income	26,897	19,167	55,309	39,991
Other comprehensive income (loss), net of tax:
Adjustment to unrealized loss on available-for-sale investments	0	107	0	107
Foreign currency translation adjustment	3	7	(12)	1
Total comprehensive income	26,900	19,281	55,297	40,099
Net income available to common stockholders:
Net income	26,897	19,167	55,309	39,991
Less: Net income allocated to unvested participating restricted stock	(359)	(307)	(726)	(649)
Net income available to common stockholders	$ 26,538	$ 18,860	$ 54,583	$ 39,342
Net income available to common stockholders per share:
Basic (USD per share)	$ 1.41	$ 1	$ 2.90	$ 2.09
Diluted (USD per share)	$ 1.40	$ 1	$ 2.88	$ 2.07
Weighted average shares outstanding:
Basic (in shares)	18,763	18,776	18,819	18,785
Diluted (in shares)	18,895	18,955	18,959	19,003
Dividends declared per common share (USD per share)	$ 0.875	$ 0.75	$ 1.75	$ 1.5
Dividends paid per common share (USD per share)	$ 0.875	$ 0.75	$ 1.75	$ 1.5

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities:
Net income	$ 55,309	$ 39,991
Adjustments to reconcile net income to cash flows provided by operating activities:
Depreciation and amortization	15,855	17,498
Non-cash interest expense	1,519	3,315
Deferred income taxes	(16,768)	(16,047)
Non-cash stock-based compensation expense	4,593	5,508
Tax benefit from stock-based compensation	4,688	3,578
Excess tax benefit from stock-based compensation	(4,572)	(4,455)
Closure and impairment charges	2,302	837
Loss on disposition of assets	57	797
Other	(1,534)	(1,704)
Changes in operating assets and liabilities:
Accounts receivable, net	(11,249)	(4,949)
Current income tax receivables and payables	9,717	16,004
Gift card receivables and payables	(3,256)	(4,165)
Prepaid expenses and other current assets	(2,299)	(1,608)
Accounts payable	6,024	10,103
Accrued employee compensation and benefits	(10,790)	(10,552)
Other current liabilities	(1,473)	1,841
Cash flows provided by operating activities	48,123	55,992
Cash flows from investing activities:
Additions to property and equipment	(4,612)	(4,086)
Proceeds from sale of property and equipment	800	681
Principal receipts from notes, equipment contracts and other long-term receivables	9,517	6,066
Other	(110)	75
Cash flows provided by investing activities	5,595	2,736
Cash flows from financing activities:
Repayment of long-term debt	0	(2,400)
Principal payments on capital lease and financing obligations	(5,975)	(5,570)
Repurchase of DineEquity common stock	(35,007)	(30,006)
Dividends paid on common stock	(33,271)	(28,518)
Tax payments for restricted stock upon vesting	(3,010)	(1,944)
Proceeds from stock options exercised	8,374	6,658
Excess tax benefit from stock-based compensation	4,572	4,455
Change in restricted cash	11,007	(7,064)
Other	(29)	0
Cash flows used in financing activities	(53,339)	(64,389)
Net change in cash and cash equivalents	379	(5,661)
Cash and cash equivalents at beginning of period	104,004	106,011
Cash and cash equivalents at end of period	104,383	100,350
Supplemental disclosures:
Interest paid in cash	46,419	53,767
Income taxes paid in cash	$ 36,968	$ 22,169

General

General	6 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
General	General The accompanying unaudited consolidated financial statements of DineEquity, Inc. (the “Company”) have been prepared in accordance with United States generally accepted accounting principles (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The operating results for the six months ended June 30, 2015 are not necessarily indicative of the results that may be expected for the twelve months ending December 31, 2015 . The consolidated balance sheet at December 31, 2014 has been derived from the audited consolidated financial statements at that date, but does not include all of the information and footnotes required by U.S. GAAP for complete financial statements. These consolidated financial statements should be read in conjunction with the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 .

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The Company’s fiscal quarters end on the Sunday closest to the last day of each quarter. For convenience, the fiscal quarters of each year are referred to as ending on March 31, June 30, September 30 and December 31. The first quarter of fiscal 2015 began on December 29, 2014 and ended on March 29, 2015 ; the second quarter of fiscal 2015 ended on June 28, 2015 . The first quarter of fiscal 2014 began on December 30, 2013 and ended on March 30, 2014 ; the second quarter of fiscal 2014 ended on June 29, 2014 . The accompanying consolidated financial statements include the accounts of the Company and its subsidiaries that are consolidated in accordance with U.S. GAAP. All intercompany balances and transactions have been eliminated. The preparation of financial statements in conformity with U.S. GAAP requires the Company’s management to make assumptions and estimates that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities, if any, at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Significant areas requiring the use of management estimates in the calculation and assessment of reported or disclosed amounts include: (a) impairment of tangible and intangible assets, (b) income taxes, (c) allowance for doubtful accounts and notes receivables, (d) lease accounting estimates, (e) stock-based compensation and (f) contingencies. On an ongoing basis, the Company evaluates its estimates based on historical experience, current conditions and various other assumptions that are believed to be reasonable under the circumstances. The Company adjusts such estimates and assumptions when facts and circumstances dictate. Actual results could differ from those estimates.

Accounting Policies

Accounting Policies	6 Months Ended
	Jun. 30, 2015
Accounting Changes and Error Corrections [Abstract]
Accounting Policies	Accounting Policies Accounting Standards Adopted in the Current Fiscal Year In April 2014, the Financial Accounting Standards Board (“FASB”) issued an amendment to the guidance on the reporting of discontinued operations . The amendment changed the criteria for the reporting of discontinued operations such that only disposals resulting in a strategic shift that will have a major effect on an entity's operations and financial results will be reported as discontinued operations. The amendment also removed the requirement that an entity not have any significant continuing involvement in the operations of the component after disposal to qualify for reporting of the disposal as a discontinued operation. The Company adopted the amendment as of January 1, 2015 and adoption did not have an impact on the Company’s consolidated financial statements. Newly Issued Accounting Standards Not Yet Adopted In May 2014, the FASB issued new accounting guidance on revenue recognition, which provides for a single five-step model to be applied to all revenue contracts with customers. The new standard also requires additional financial statement disclosures that will enable users to understand the nature, amount, timing and uncertainty of revenue and cash flows relating to customer contracts. Companies have an option to use either a retrospective approach or cumulative effect adjustment approach to implement the standard. In July 2015, the FASB deferred the effective date of the new guidance by one year such that the Company will be required to adopt the guidance beginning with its first fiscal quarter of 2018. This amendment supersedes nearly all of the existing general revenue recognition guidance under U.S. GAAP as well as most industry-specific revenue recognition guidance, including guidance with respect to revenue recognition by franchisors. The Company believes the recognition of the majority of its revenues, including franchise royalty revenues, sales of IHOP pancake and waffle dry mix and retail sales at company-operated restaurants will not be affected by the new guidance. Additionally, lease rental revenues are not within the scope of the new guidance. The Company is currently evaluating the impact of the new guidance on its financial statements and related disclosures and which method of adoption will be used. In April 2015, the FASB issued an amendment that modifies the presentation of debt issuance costs. The amendment requires debt issuance costs be presented in the balance sheet as a direct reduction of the related debt liability rather than as an asset. The amendment is effective commencing with the Company's first fiscal quarter of 2016 and is required to be applied on a retrospective basis. As the amendment does not change the underlying accounting for debt issuance costs, adoption of this standard is not expected to have a material effect on the Company's consolidated financial statements. The Company reviewed all other newly issued accounting pronouncements and concluded that they either are not applicable to the Company or are not expected to have a material effect on the Company's consolidated financial statements as a result of future adoption.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Stockholders' Equity	Stockholders' Equity Dividends During the six months ended June 30, 2015 , the Company paid dividends on common stock of $33.3 million , representing the dividends declared in the fourth quarter of 2014 and first quarter of 2015. On May 19, 2015, the Company's Board of Directors declared a second quarter 2015 cash dividend of $0.875 per share of common stock. This dividend was paid on July 10, 2015 to the Company's stockholders of record at the close of business on June 12, 2015. The Company reported a payable for this dividend of $16.5 million at June 30, 2015 . Stock Repurchase Program In October 2014, the Company's Board of Directors approved a stock repurchase authorization of up to $100 million of DineEquity common stock. Under this program, the Company may repurchase shares on an opportunistic basis from time to time in open market transactions and in privately negotiated transactions based on business, market, applicable legal requirements and other considerations. The repurchase program does not require the repurchase of a specific number of shares and may be terminated at any time. During the six months ended June 30, 2015 , the Company repurchased 344,890 shares of common stock at a cost of $35.0 million . As of June 30, 2015 , the Company has repurchased a cumulative total of 365,225 shares of common stock under the current Board authorization at a total cost of $37.0 million . The Company may repurchase up to an additional $63.0 million of common stock under the current Board authorization. Treasury Stock Repurchases of DineEquity common stock are included in treasury stock at the cost of shares repurchased plus any transaction costs. Treasury stock may be re-issued when stock options are exercised, when restricted stock awards are granted and when restricted stock units settle in stock upon vesting. The cost of treasury stock re-issued is determined using the first-in, first-out (“FIFO”) method. During the six months ended June 30, 2015 , the Company re-issued 292,648 treasury shares at a total FIFO cost of $10.6 million .

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company's effective tax rate was 38.3% for the six months ended June 30, 2015 and 2014. The total gross unrecognized tax benefit as of June 30, 2015 and December 31, 2014 was $3.3 million and $3.4 million , respectively, excluding interest, penalties and related tax benefits. The Company estimates the unrecognized tax benefit may decrease over the upcoming 12 months by an amount up to $0.7 million related to settlements with taxing authorities and the lapse of statutes of limitations. For the remaining liability, due to the uncertainties related to these tax matters, the Company is unable to make a reasonably reliable estimate when cash settlement with a taxing authority will occur. As of June 30, 2015 , accrued interest was $4.3 million and accrued penalties were less than $0.1 million , excluding any related income tax benefits. As of December 31, 2014 , accrued interest was $3.9 million and accrued penalties were less than $0.1 million , excluding any related income tax benefits. The Company recognizes interest accrued related to unrecognized tax benefits and penalties as a component of its income tax provision recognized in the Consolidated Statements of Comprehensive Income. The Company files federal income tax returns and the Company or one of its subsidiaries files income tax returns in various state and foreign jurisdictions. With few exceptions, the Company is no longer subject to federal, state or non-United States tax examinations by tax authorities for years before 2008. In the second quarter of 2013, the Internal Revenue Service (“IRS”) issued a Revenue Agent’s Report related to its examination of the Company’s U.S federal income tax return for each of the tax years 2008 to 2010. The Company disagrees with a portion of the proposed assessments and has contested them through the IRS administrative appeals procedures. The appeal process is ongoing. The Company continues to believe that adequate reserves have been provided relating to all matters contained in the tax periods open to examination.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Stock-Based Compensation The following table summarizes the components of stock-based compensation expense included in general and administrative expenses in the Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2015 and 2014 : Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 (In millions) Total stock-based compensation expense: Equity classified awards expense $ 2.2 $ 2.4 $ 4.6 $ 5.5 Liability classified awards (credit) expense (1.1 ) 0.6 (0.8 ) 0.5 Total pre-tax stock-based compensation expense 1.1 3.0 3.8 6.0 Book income tax benefit (0.4 ) (1.1 ) (1.4 ) (2.3 ) Total stock-based compensation expense, net of tax $ 0.7 $ 1.9 $ 2.4 $ 3.7 As of June 30, 2015 , total unrecognized compensation costs of $16.0 million related to restricted stock and restricted stock units and $5.2 million related to stock options are expected to be recognized over a weighted average period of 1.85 years for restricted stock and restricted stock units and 1.67 years for stock options. Equity Classified Awards - Stock Options The estimated fair value of the stock options granted during the six months ended June 30, 2015 was calculated using a Black-Scholes option pricing model. The following summarizes the assumptions used in the Black-Scholes model: Risk-free interest rate 1.54 % Weighted average historical volatility 36.8 % Dividend yield 3.17 % Expected years until exercise 4.5 Weighted average fair value of options granted $27.20 Stock option balances as of June 30, 2015 and related activity for the six months ended June 30, 2015 were as follows: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in Years) Aggregate Intrinsic Value (in Millions) Outstanding at December 31, 2014 618,115 $ 53.10 Granted 133,814 111.54 Exercised (197,591 ) 42.38 Forfeited (14,348 ) 96.83 Outstanding at June 30, 2015 539,990 70.35 7.4 $17.1 Vested at June 30, 2015 and Expected to Vest 507,678 68.37 7.2 $16.9 Exercisable at June 30, 2015 324,927 $ 51.87 6.2 $15.3 The aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the difference between the closing stock price of the Company’s common stock on the last trading day of the second quarter of 2015 and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders had all option holders exercised their options on June 30, 2015 . The aggregate intrinsic value will change based on the fair market value of the Company’s common stock and the number of in-the-money options. Equity Classified Awards - Restricted Stock and Restricted Stock Units Outstanding balances as of June 30, 2015 and activity related to restricted stock and restricted stock units for the six months ended June 30, 2015 were as follows: Restricted Stock Weighted Average Grant Date Fair Value Restricted Stock Units Weighted Average Grant Date Fair Value Outstanding at December 31, 2014 233,818 $ 70.14 41,622 $ 66.92 Granted 95,057 108.02 9,985 113.72 Released (63,414 ) 52.93 (16,567 ) 52.19 Forfeited (15,232 ) 79.83 (72 ) 113.72 Outstanding at June 30, 2015 250,229 $ 88.30 34,968 $ 86.49 Liability Classified Awards - Long-Term Incentive Awards The Company has granted cash long-term incentive awards (“LTIP awards”) to certain employees. Annual LTIP awards vest over a three -year period and are determined using a multiplier from 0% to 200% of the target award based on the total shareholder return of DineEquity, Inc. common stock compared to the total stockholder returns of a peer group of companies. Although LTIP awards are both denominated and paid only in cash, because the multiplier is based on the price of the Company's common stock, the awards are considered stock-based compensation in accordance with U.S. GAAP. For the three months ended June 30, 2015 and 2014 , a credit of $1.1 million and an expense of $0.6 million , respectively, were included in total stock-based compensation expense related to the LTIP awards. For the six months ended June 30, 2015 and 2014 , a credit of $0.8 million and an expense of $0.5 million , respectively, were included in total stock-based compensation expense related to the LTIP awards. At June 30, 2015 and December 31, 2014 , liabilities of $1.1 million and $4.0 million , respectively, related to LTIP awards were included as part of accrued employee compensation and benefits in the Consolidated Balance Sheets.

Segments

Segments	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Segments	Segments The Company has two reportable segments: franchise operations (an aggregation of Applebee’s and IHOP franchise operations) and rental operations. The Company also has company-operated restaurant operations and financing operations, but neither of these operations exceeded 10% of consolidated revenues, income before income tax provision or total assets. As of June 30, 2015 , the franchise operations segment consisted of (i) 1,993 restaurants operated by Applebee’s franchisees in the United States, two U.S. territories and 15 countries outside the United States and (ii) 1,645 restaurants operated by IHOP franchisees and area licensees in the United States, two U.S. territories and eight countries outside the United States. Franchise operations revenue consists primarily of franchise royalty revenues, sales of proprietary products to franchisees (primarily pancake and waffle dry mixes for the IHOP restaurants), IHOP franchise advertising fees and franchise fees. Franchise operations expenses include IHOP advertising expenses, the cost of IHOP proprietary products, IHOP and Applebee's pre-opening training expenses and other franchise-related costs. Rental operations revenue includes revenue from operating leases and interest income from direct financing leases. Rental operations expenses are costs of operating leases and interest expense from capital leases on franchisee-operated restaurants. At June 30, 2015, the company restaurant operations segment consisted of 23 Applebee’s company-operated restaurants and 13 IHOP company-operated restaurants, all of which are located in the United States. Company restaurant sales are retail sales at company-operated restaurants. Company restaurant expenses are operating expenses at company-operated restaurants and include food, labor, utilities, rent and other restaurant operating costs. Financing operations revenue primarily consists of interest income from the financing of franchise fees and equipment leases and sales of equipment associated with refranchised IHOP restaurants. Financing expenses are primarily the cost of restaurant equipment associated with refranchised IHOP restaurants. Information on segments and a reconciliation to income before income tax provision for the three and six months ended June 30, 2015 and 2014 were as follows: Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 (In millions) Revenues from external customers: Franchise operations $ 120.3 $ 110.7 $ 244.8 $ 226.3 Rental operations 31.1 30.7 62.5 61.4 Company restaurants 17.4 15.7 34.8 32.0 Financing operations 2.7 3.4 5.3 8.0 Total $ 171.5 $ 160.5 $ 347.4 $ 327.7 Interest expense: Rental operations $ 3.4 $ 3.7 $ 6.9 $ 7.6 Company restaurants 0.1 0.1 0.2 0.2 Corporate 15.7 24.9 31.3 49.9 Total $ 19.2 $ 28.7 $ 38.4 $ 57.7 Depreciation and amortization: Franchise operations $ 2.6 $ 2.6 $ 5.2 $ 5.2 Rental operations 3.2 3.3 6.4 6.7 Company restaurants 0.2 0.5 0.4 1.0 Corporate 2.1 2.3 3.9 4.6 Total $ 8.1 $ 8.7 $ 15.9 $ 17.5 Income before income tax provision: Franchise operations $ 86.2 $ 84.2 $ 175.2 $ 170.3 Rental operations 7.8 7.1 15.7 13.9 Company restaurants 0.1 0.1 0.9 0.2 Financing operations 2.7 3.1 5.3 7.2 Corporate (53.3 ) (63.4 ) (107.5 ) (126.8 ) Total $ 43.5 $ 31.1 $ 89.6 $ 64.8

Net Income per Share

Net Income per Share	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Net Income per Share	Net Income per Share The computation of the Company's basic and diluted net income per share for the three and six months ended June 30, 2015 and 2014 was as follows: Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 (In thousands, except per share data) Numerator for basic and dilutive income per common share: Net income $ 26,897 $ 19,167 $ 55,309 $ 39,991 Less: Net income allocated to unvested participating restricted stock (359 ) (307 ) (726 ) (649 ) Net income available to common stockholders - basic 26,538 18,860 54,583 39,342 Effect of unvested participating restricted stock in two-class calculation 1 1 2 2 Net income available to common stockholders - diluted $ 26,539 $ 18,861 $ 54,585 $ 39,344 Denominator: Weighted average outstanding shares of common stock - basic 18,763 18,776 18,819 18,785 Dilutive effect of stock options 132 179 140 218 Weighted average outstanding shares of common stock - diluted 18,895 18,955 18,959 19,003 Net income per common share: Basic $ 1.41 $ 1.00 $ 2.90 $ 2.09 Diluted $ 1.40 $ 1.00 $ 2.88 $ 2.07

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The Company does not have a material amount of financial assets or liabilities that are required under U.S. GAAP to be measured on a recurring basis at fair value. The Company is not a party to any derivative financial instruments. The Company does not have a material amount of non-financial assets or non-financial liabilities that are required under U.S. GAAP to be measured at fair value on a recurring basis. The Company has not elected to use the fair value measurement option, as permitted under U.S. GAAP, for any assets or liabilities for which fair value measurement is not presently required. The Company believes the fair values of cash equivalents, accounts receivable and accounts payable approximate their carrying amounts due to their short duration. The fair values of the Company's Series 2014-1 Class A Notes at June 30, 2015 and December 31, 2014 were as follows: June 30, 2015 December 31, 2014 Carrying Amount Fair Value Carrying Amount Fair Value (In millions) Long-term debt $ 1,300.0 $ 1,317.1 $ 1,300.0 $ 1,302.0 The fair values were determined based on Level 2 inputs, including information gathered from brokers who trade in the Company’s notes and information on notes that are similar to that of the Company.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Litigation, Claims and Disputes The Company is subject to various lawsuits, administrative proceedings, audits and claims arising in the ordinary course of business. Some of these lawsuits purport to be class actions and/or seek substantial damages. The Company is required under U.S. GAAP to record an accrual for litigation loss contingencies that are both probable and reasonably estimable. Legal fees and expenses associated with the defense of all of the Company's litigation are expensed as such fees and expenses are incurred. Management regularly assesses the Company's insurance coverage, analyzes litigation information with the Company's attorneys and evaluates the Company's loss experience in connection with pending legal proceedings. While the Company does not presently believe that any of the legal proceedings to which it is currently a party will ultimately have a material adverse impact on the Company, there can be no assurance that the Company will prevail in all the proceedings the Company is party to, or that the Company will not incur material losses from them. Lease Guarantees In connection with the sale of Applebee’s restaurants or previous brands to franchisees and other parties, the Company has, in certain cases, guaranteed or has potential continuing liability for lease payments totaling $368.1 million as of June 30, 2015 . This amount represents the maximum potential liability for future payments under these leases. These leases have been assigned to the buyers and expire at the end of the respective lease terms, which range from 2015 through 2048 . In the event of default, the indemnity and default clauses in the sale or assignment agreements govern the Company's ability to pursue and recover damages incurred. No lease payment guarantee liabilities have been recorded as of June 30, 2015 .

Subsequent Event

Subsequent Event	6 Months Ended
	Jun. 30, 2015
Subsequent Events [Abstract]
Subsequent Event	Subsequent Event On July 23, 2015, the Company completed the previously announced refranchising and sale of related restaurant assets of 23 Applebee’s company-operated restaurants located in a two-state market area geographically centered around Kansas City, Missouri. The Company received proceeds of approximately $9 million and expects to recognize a gain of approximately $2 million on the transaction.

Accounting Policies (Policies)

Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2015
Accounting Changes and Error Corrections [Abstract]
Fiscal Period	The Company’s fiscal quarters end on the Sunday closest to the last day of each quarter. For convenience, the fiscal quarters of each year are referred to as ending on March 31, June 30, September 30 and December 31. The first quarter of fiscal 2015 began on December 29, 2014 and ended on March 29, 2015 ; the second quarter of fiscal 2015 ended on June 28, 2015 . The first quarter of fiscal 2014 began on December 30, 2013 and ended on March 30, 2014 ; the second quarter of fiscal 2014 ended on June 29, 2014 .
Accounting Standards Adopted in the Current Fiscal Year	Accounting Standards Adopted in the Current Fiscal Year In April 2014, the Financial Accounting Standards Board (“FASB”) issued an amendment to the guidance on the reporting of discontinued operations . The amendment changed the criteria for the reporting of discontinued operations such that only disposals resulting in a strategic shift that will have a major effect on an entity's operations and financial results will be reported as discontinued operations. The amendment also removed the requirement that an entity not have any significant continuing involvement in the operations of the component after disposal to qualify for reporting of the disposal as a discontinued operation. The Company adopted the amendment as of January 1, 2015 and adoption did not have an impact on the Company’s consolidated financial statements.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Components of the Company’s stock-based compensation expense	The following table summarizes the components of stock-based compensation expense included in general and administrative expenses in the Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2015 and 2014 : Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 (In millions) Total stock-based compensation expense: Equity classified awards expense $ 2.2 $ 2.4 $ 4.6 $ 5.5 Liability classified awards (credit) expense (1.1 ) 0.6 (0.8 ) 0.5 Total pre-tax stock-based compensation expense 1.1 3.0 3.8 6.0 Book income tax benefit (0.4 ) (1.1 ) (1.4 ) (2.3 ) Total stock-based compensation expense, net of tax $ 0.7 $ 1.9 $ 2.4 $ 3.7
Schedule of stock option valuation assumptions	The following summarizes the assumptions used in the Black-Scholes model: Risk-free interest rate 1.54 % Weighted average historical volatility 36.8 % Dividend yield 3.17 % Expected years until exercise 4.5 Weighted average fair value of options granted $27.20
Schedule of stock option activity	Stock option balances as of June 30, 2015 and related activity for the six months ended June 30, 2015 were as follows: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in Years) Aggregate Intrinsic Value (in Millions) Outstanding at December 31, 2014 618,115 $ 53.10 Granted 133,814 111.54 Exercised (197,591 ) 42.38 Forfeited (14,348 ) 96.83 Outstanding at June 30, 2015 539,990 70.35 7.4 $17.1 Vested at June 30, 2015 and Expected to Vest 507,678 68.37 7.2 $16.9 Exercisable at June 30, 2015 324,927 $ 51.87 6.2 $15.3
Schedule of restricted stock unit activity	Outstanding balances as of June 30, 2015 and activity related to restricted stock and restricted stock units for the six months ended June 30, 2015 were as follows: Restricted Stock Weighted Average Grant Date Fair Value Restricted Stock Units Weighted Average Grant Date Fair Value Outstanding at December 31, 2014 233,818 $ 70.14 41,622 $ 66.92 Granted 95,057 108.02 9,985 113.72 Released (63,414 ) 52.93 (16,567 ) 52.19 Forfeited (15,232 ) 79.83 (72 ) 113.72 Outstanding at June 30, 2015 250,229 $ 88.30 34,968 $ 86.49

Segments (Tables)

Segments (Tables)	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Schedule of segment reporting information by segment	Information on segments and a reconciliation to income before income tax provision for the three and six months ended June 30, 2015 and 2014 were as follows: Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 (In millions) Revenues from external customers: Franchise operations $ 120.3 $ 110.7 $ 244.8 $ 226.3 Rental operations 31.1 30.7 62.5 61.4 Company restaurants 17.4 15.7 34.8 32.0 Financing operations 2.7 3.4 5.3 8.0 Total $ 171.5 $ 160.5 $ 347.4 $ 327.7 Interest expense: Rental operations $ 3.4 $ 3.7 $ 6.9 $ 7.6 Company restaurants 0.1 0.1 0.2 0.2 Corporate 15.7 24.9 31.3 49.9 Total $ 19.2 $ 28.7 $ 38.4 $ 57.7 Depreciation and amortization: Franchise operations $ 2.6 $ 2.6 $ 5.2 $ 5.2 Rental operations 3.2 3.3 6.4 6.7 Company restaurants 0.2 0.5 0.4 1.0 Corporate 2.1 2.3 3.9 4.6 Total $ 8.1 $ 8.7 $ 15.9 $ 17.5 Income before income tax provision: Franchise operations $ 86.2 $ 84.2 $ 175.2 $ 170.3 Rental operations 7.8 7.1 15.7 13.9 Company restaurants 0.1 0.1 0.9 0.2 Financing operations 2.7 3.1 5.3 7.2 Corporate (53.3 ) (63.4 ) (107.5 ) (126.8 ) Total $ 43.5 $ 31.1 $ 89.6 $ 64.8

Net Income per Share (Tables)

Net Income per Share (Tables)	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Computation of the Company’s basic and diluted net income per share	The computation of the Company's basic and diluted net income per share for the three and six months ended June 30, 2015 and 2014 was as follows: Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 (In thousands, except per share data) Numerator for basic and dilutive income per common share: Net income $ 26,897 $ 19,167 $ 55,309 $ 39,991 Less: Net income allocated to unvested participating restricted stock (359 ) (307 ) (726 ) (649 ) Net income available to common stockholders - basic 26,538 18,860 54,583 39,342 Effect of unvested participating restricted stock in two-class calculation 1 1 2 2 Net income available to common stockholders - diluted $ 26,539 $ 18,861 $ 54,585 $ 39,344 Denominator: Weighted average outstanding shares of common stock - basic 18,763 18,776 18,819 18,785 Dilutive effect of stock options 132 179 140 218 Weighted average outstanding shares of common stock - diluted 18,895 18,955 18,959 19,003 Net income per common share: Basic $ 1.41 $ 1.00 $ 2.90 $ 2.09 Diluted $ 1.40 $ 1.00 $ 2.88 $ 2.07

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value of non-current financial liabilities	The fair values of the Company's Series 2014-1 Class A Notes at June 30, 2015 and December 31, 2014 were as follows: June 30, 2015 December 31, 2014 Carrying Amount Fair Value Carrying Amount Fair Value (In millions) Long-term debt $ 1,300.0 $ 1,317.1 $ 1,300.0 $ 1,302.0

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details) - USD ($)	Feb. 24, 2015	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Oct. 31, 2014
Equity [Abstract]
Payments of dividends				$ 33,271,000	$ 28,518,000
Dividends declared per common share (USD per share)	$ 0.875	$ 0.875	$ 0.75	$ 1.75	$ 1.5
Dividends payable		$ 16,546,000		$ 16,546,000		$ 16,635,000
Equity, Class of Treasury Stock [Line Items]
Treasury stock reissued (shares)				292,648
Treasury stock reissued				$ 10,600,000
October 2014 Share Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, authorized amount							$ 100,000,000
Stock repurchased during period, shares				344,890
Stock repurchased during period, value				$ 35,000,000
Cumulative amount of shares repurchased		365,225		365,225
Cumulative payments for repurchase of common stock		$ 37,000,000		$ 37,000,000
Remaining authorized stock repurchases		$ 63,000,000		$ 63,000,000

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Effective income tax rate (percent)	38.30%	38.30%
Gross unrecognized tax benefit	$ 3.3		$ 3.4
Expected change in unrecognized tax benefits	0.7
Accrued interest on income taxes	4.3		3.9
Accrued penalties on income taxes	$ 0.1		$ 0.1

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 1,100	$ 3,000	$ 3,800	$ 6,000
Accrued employee compensation and benefits	14,932		14,932		$ 25,722
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation cost not yet recognized	5,200		$ 5,200
Total compensation cost not yet recognized, period for recognition (in years)			1 year 8 months
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation cost not yet recognized	16,000		$ 16,000
Total compensation cost not yet recognized, period for recognition (in years)			1 year 10 months 6 days
LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)			3 years
Share-based compensation expense	600	$ (1,100)	$ (800)	$ 500
Accrued employee compensation and benefits	$ 1,100		$ 1,100		$ 4,000
LTIP | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Multiplier for target award based on total shareholder return on common stock (percent)			0.00%
LTIP | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Multiplier for target award based on total shareholder return on common stock (percent)			200.00%

Stock-Based Compensation (Compo

Stock-Based Compensation (Components of Stock-Based Compensation Expense) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based compensation, equity classified awards	$ 2.2	$ 2.4	$ 4.6	$ 5.5
Stock-based compensation, liability classified awards	(1.1)	0.6	(0.8)	0.5
Total pre-tax stock-based compensation expense	1.1	3	3.8	6
Book income tax benefit	(0.4)	(1.1)	(1.4)	(2.3)
Total stock-based compensation expense, net of tax	$ 0.7	$ 1.9	$ 2.4	$ 3.7

Stock-Based Compensation (Optio

Stock-Based Compensation (Options Value Assumptions) (Details) - 6 months ended Jun. 30, 2015 - Stock Options - $ / shares	Total
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate (percent)	1.54%
Weighted average historical volatility (percent)	36.80%
Dividend yield (percent)	3.17%
Expected years until exercise (years)	4 years 5 months 26 days
Weighted average fair value of options granted (USD per share)	$ 27.20

Stock-Based Compensation (Stock

Stock-Based Compensation (Stock Option Activity) (Details) - Jun. 30, 2015 - Stock Options - USD ($) $ / shares in Units, $ in Millions	Total
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options, outstanding, beginning of period (in shares)	618,115
Options, granted (in shares)	133,814
Options, exercised (in shares)	(197,591)
Options, forfeited (in shares)	(14,348)
Options, outstanding, end of period (in shares)	539,990
Options, vested and expected to vest (in shares)	507,678
Options, exercisable (in shares)	324,927
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Weighted average exercise price, beginning of period (per share)	$ 53.10
Weighted average exercise price, granted (per share)	111.54
Weighted average exercise price, exercised (per share)	42.38
Weighted average exercise price, forfeited (per share)	96.83
Weighted average exercise price, end of period (per share)	70.35
Weighted average exercise price, vested and expected to vest (per share)	68.37
Weighted average exercise price, exercisable (per share)	$ 51.87
Weighted average remaining contractual term (in years)	7 years 4 months 9 days
Weighted average remaining contractual term, vested and expected to vest (in years)	7 years 2 months 24 days
Weighted average remaining contractual term, exercisable (in years)	6 years 1 month 25 days
Options, outstanding, intrinsic value	$ 17.1
Options, vested and expected to vest, intrinsic value	16.9
Options, vested and expected to vest, exercisable	$ 15.3

Stock-Based Compensation (Restr

Stock-Based Compensation (Restricted Stock) (Details) - 6 months ended Jun. 30, 2015 - $ / shares	Total
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward]
Restricted stock, beginning of period (in shares)	233,818
Restricted stock, granted (in shares)	95,057
Restricted stock, released (in shares)	(63,414)
Restricted stock, forfeited (in shares)	(15,232)
Restricted stock, end of period (in shares)	250,229
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Weighted average grant date fair value, beginning balance (per share)	$ 70.14
Weighted average grant date fair value, granted (per share)	108.02
Weighted average grant date fair value, released (per share)	52.93
Weighted average grant date fair value, forfeited (per share)	79.83
Weighted average grant date fair value, ending balance (per share)	$ 88.30
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward]
Restricted stock, beginning of period (in shares)	41,622
Restricted stock, granted (in shares)	9,985
Restricted stock, released (in shares)	(16,567)
Restricted stock, forfeited (in shares)	(72)
Restricted stock, end of period (in shares)	34,968
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Weighted average grant date fair value, beginning balance (per share)	$ 66.92
Weighted average grant date fair value, granted (per share)	113.72
Weighted average grant date fair value, released (per share)	52.19
Weighted average grant date fair value, forfeited (per share)	113.72
Weighted average grant date fair value, ending balance (per share)	$ 86.49

Segments - Narrative (Details)

Segments - Narrative (Details) - Jun. 30, 2015	RestaurantCountrysegmentTerritory
Franchisor Disclosure [Line Items]
Number of segments (segment) | segment	2
Applebee's
Franchisor Disclosure [Line Items]
Number of territories in which entity operates (territory) | Territory	2
Number of countries in which entity operates (country) | Country	15
IHOP
Franchisor Disclosure [Line Items]
Number of territories in which entity operates (territory) | Territory	2
Number of countries in which entity operates (country) | Country	8
Franchised Units | Applebee's
Franchisor Disclosure [Line Items]
Number of restaurants (restaurant)	1,993
Franchised Units | IHOP
Franchisor Disclosure [Line Items]
Number of restaurants (restaurant)	1,645
Company Operated | Applebee's
Franchisor Disclosure [Line Items]
Number of restaurants (restaurant)	23
Company Operated | IHOP
Franchisor Disclosure [Line Items]
Number of restaurants (restaurant)	13

Segments (Schedule of Segment R

Segments (Schedule of Segment Reporting Information by Segment) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Segment Reporting Information [Line Items]
Rental revenues	$ 31,132	$ 30,709	$ 62,534	$ 61,462
Financing revenues	2,649	3,368	5,243	8,021
Total revenues	171,549	160,521	347,363	327,722
Interest expense	15,677	24,942	31,323	49,911
Depreciation and amortization	8,100	8,700	15,855	17,498
Income before income tax provision:	43,512	31,132	89,604	64,846
Franchise Operations
Segment Reporting Information [Line Items]
Franchise revenues	120,300	110,700	244,800	226,300
Depreciation and amortization	2,600	2,600	5,200	5,200
Income before income tax provision:	86,200	84,200	175,200	170,300
Rental Operations
Segment Reporting Information [Line Items]
Rental revenues	31,100	30,700	62,500	61,400
Interest expense	3,400	3,700	6,900	7,600
Depreciation and amortization	3,200	3,300	6,400	6,700
Income before income tax provision:	7,800	7,100	15,700	13,900
Company Restaurants
Segment Reporting Information [Line Items]
Company restaurants	17,400	15,700	34,800	32,000
Interest expense	100	100	200	200
Depreciation and amortization	200	500	400	1,000
Income before income tax provision:	100	100	900	200
Financing Operations
Segment Reporting Information [Line Items]
Financing revenues	2,700	3,400	5,300	8,000
Income before income tax provision:	2,700	3,100	5,300	7,200
Corporate
Segment Reporting Information [Line Items]
Interest expense	15,700	24,900	31,300	49,900
Depreciation and amortization	2,100	2,300	3,900	4,600
Income before income tax provision:	(53,300)	(63,400)	(107,500)	(126,800)
Corporate and Other
Segment Reporting Information [Line Items]
Interest expense	$ 19,200	$ 28,700	$ 38,400	$ 57,700

Net Income per Share - Computat

Net Income per Share - Computation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earnings Per Share [Abstract]
Net income	$ 26,897	$ 19,167	$ 55,309	$ 39,991
Less: Net income allocated to unvested participating restricted stock	(359)	(307)	(726)	(649)
Net income available to common stockholders	26,538	18,860	54,583	39,342
Effect of unvested participating restricted stock in two-class calculation	1	1	2	2
Net income available to common stockholders - diluted	$ 26,539	$ 18,861	$ 54,585	$ 39,344
Weighted average outstanding shares of common stock - basic (in shares)	18,763	18,776	18,819	18,785
Dilutive effect of stock options (in shares)	132	179	140	218
Weighted average outstanding shares of common stock - diluted (in shares)	18,895	18,955	18,959	19,003
Net income per common share - basic (USD per share)	$ 1.41	$ 1	$ 2.90	$ 2.09
Net income per common share -diluted (USD per share)	$ 1.40	$ 1	$ 2.88	$ 2.07

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value of Non-Current Financial Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	$ 1,300,000	$ 1,300,000
Fair Value | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	$ 1,317,100	$ 1,302,000

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) $ in Millions	Jun. 30, 2015USD ($)
Applebee's | Property Lease Guarantee
Loss Contingencies [Line Items]
Potential liability for guaranteed leases	$ 368.1

Subsequent Event (Details)

Subsequent Event (Details) $ in Thousands	Jul. 23, 2015USD ($)Restaurant	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)
Subsequent Event [Line Items]
Expected gain on transaction		$ (66)	$ 130	$ (57)	$ (797)
Forecast
Subsequent Event [Line Items]
Expected gain on transaction	$ 2,000
Applebee's | Company Operated | Subsequent Event
Subsequent Event [Line Items]
Sales agreement, number of restaurants refranchised and sold | Restaurant	23
Proceeds from sale of restaurants	$ 9,000