Carrols Restaurant (TAST) 10-Q 9 Aug 19 2019 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Aug. 05, 2019
Document Information [Line Items]
Entity Registrant Name	CARROLS RESTAURANT GROUP, INC.
Entity Central Index Key	0000809248
Current Fiscal Year End Date	--12-29
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Document Type	10-Q
Document Period End Date	Jun. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Small Business	false
Entity Common Stock, Shares Outstanding		44,371,515

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 30, 2018
ASSETS
Cash	$ 3,412	$ 4,014
Trade and other receivables	13,148	11,693
Inventories	12,393	10,396
Prepaid rent	3,563	1,880
Prepaid expenses and other current assets	10,113	6,695
Total current assets	42,629	34,678
Property and equipment, net	353,735	289,817
Franchise rights, net	325,173	175,897
Goodwill	106,163	38,469
Franchise agreements, net	32,407	24,414
Operating leases	785,000	0
Deferred income taxes	34,692	28,291
Other assets	9,868	8,685
Total assets	1,689,667	600,251
LIABILITIES AND STOCKHOLDERS' EQUITY
Current portion of long-term debt and finance lease liabilities	6,512	1,948
Less: current portion	39,715	0
Accounts payable	29,652	29,143
Accrued interest	221	3,818
Accrued payroll, related taxes and benefits	29,567	28,719
Accrued real estate taxes	7,608	5,910
Other liabilities	21,336	12,601
Total current liabilities	134,611	82,139
Long-term debt and finance lease liabilities, net of current portion	436,541	276,823
Lease financing obligations	1,195	1,196
Operating lease liabilities	777,054	0
Deferred income-sale-leaseback of real estate	0	10,073
Accrued postretirement benefits	4,387	4,320
Other liabilities	9,895	40,160
Total liabilities	1,363,683	414,711
Commitments and contingencies
Stockholders' equity:
Preferred stock, par value $.01	0	0
Voting common stock, par value $.01	435	357
Additional paid-in capital	298,381	150,459
Accumulated deficit	27,814	35,511
Accumulated other comprehensive income	(646)	(646)
Treasury stock, at cost	0	(141)
Total stockholders' equity	325,984	185,540
Total liabilities and stockholders' equity	$ 1,689,667	$ 600,251

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 30, 2018
Statement of Financial Position [Abstract]
Property and equipment, accumulated depreciation	$ 340,148	$ 328,873
Franchise rights, accumulated amortization	110,051	108,021
Franchise agreements, accumulated amortization	12,299	12,022
Favorable leases, accumulated amortization	2,129	2,256
Unfavorable leases, accumulated amortization	$ 6,019	$ 6,075
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued	100	100
Preferred stock, shares outstanding	100	100
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	37,007,102	36,538,903
Common stock, shares, outstanding	36,114,251	35,742,427

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Income - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jul. 01, 2018	Jun. 30, 2019	Jul. 01, 2018
Revenues:
Restaurant sales	$ 368,559,000	$ 303,050,000	$ 659,348,000	$ 574,636,000
Costs and expenses:
Cost of sales	109,157,000	81,917,000	191,732,000	154,922,000
Restaurant wages and related expenses	121,140,000	96,954,000	221,332,000	188,098,000
Restaurant rent expense	26,690,000	19,879,000	48,606,000	39,853,000
Other restaurant operating expenses	56,308,000	44,589,000	101,913,000	87,428,000
Advertising expense	14,677,000	12,356,000	26,549,000	23,621,000
General and administrative (including stock-based compensation expense of $1,282, $1,385, $2,808 and $2,970 respectively)	20,620,000	16,020,000	40,344,000	32,156,000
Depreciation and amortization	17,121,000	14,621,000	32,413,000	28,871,000
Impairment and other lease charges	367,000	2,881,000	1,277,000	3,190,000
Other expense (income), net	376,000	0	(1,753,000)	0
Total operating expenses	366,456,000	289,217,000	662,413,000	558,139,000
Income (loss) from operations	2,103,000	13,833,000	(3,065,000)	16,497,000
Loss on extinguishment of debt	7,443,000	0	7,443,000	0
Interest expense	6,900,000	5,917,000	12,847,000	11,843,000
Gain on bargain purchase	0	(208,000)	0	(230,000)
Income (loss) before income taxes	(12,240,000)	8,124,000	(23,355,000)	4,884,000
Provision (benefit) for income taxes	(8,508,000)	336,000	(8,154,000)	198,000
Net income (loss)	$ (3,732,000)	$ 7,788,000	$ (15,201,000)	$ 4,686,000
Basic and diluted net income (loss) per share	$ (0.09)	$ 0.17	$ (0.39)	$ 0.10
Other comprehensive income (loss), net of tax:
Net income (loss)	$ (3,732,000)	$ 7,788,000	$ (15,201,000)	$ 4,686,000
Other comprehensive income	0	0	0	0
Comprehensive income (loss)	$ (3,732,000)	$ 7,788,000	$ (15,201,000)	$ 4,686,000

Consolidated Statements Of Co_2

Consolidated Statements Of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jul. 01, 2018	Jun. 30, 2019	Jul. 01, 2018
Stock-based compensation	$ 1,282	$ 1,385	$ 2,808	$ 2,970

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholder's Equity Statement - USD ($) $ in Thousands	Total	Common Stock [Member]	Preferred Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Treasury Stock [Member]	Common Stock [Member]	Common Stock [Member]Common Stock [Member]	Common Stock [Member]Preferred Stock [Member]	Common Stock [Member]Additional Paid-in Capital [Member]
Beginning balance (in shares) at Dec. 31, 2017		35,436,252	100
Beginning balance at Dec. 31, 2017	$ 169,060	$ 354	$ 0	$ 144,650	$ 25,407	$ (1,210)	$ (141)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	1,585			1,585
Vesting of non-vested shares and excess tax benefits (in shares)		283,248
Vesting of non-vested shares	0	$ 3		(3)
Net income (loss)	(3,102)				(3,102)
Ending balance (in shares) at Apr. 01, 2018		35,719,500	100
Ending balance at Apr. 01, 2018	167,543	$ 357	$ 0	146,232	22,305	(1,210)	(141)
Beginning balance (in shares) at Dec. 31, 2017		35,436,252	100
Beginning balance at Dec. 31, 2017	169,060	$ 354	$ 0	144,650	25,407	(1,210)	(141)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	4,686
Ending balance (in shares) at Jul. 01, 2018		35,722,838	100
Ending balance at Jul. 01, 2018	176,716	$ 358	$ 0	147,616	30,093	(1,210)	(141)
Beginning balance (in shares) at Apr. 01, 2018		35,719,500	100
Beginning balance at Apr. 01, 2018	167,543	$ 357	$ 0	146,232	22,305	(1,210)	(141)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	1,385			1,385
Vesting of non-vested shares and excess tax benefits (in shares)		3,338
Vesting of non-vested shares	0	$ 1		(1)
Net income (loss)	7,788				7,788
Ending balance (in shares) at Jul. 01, 2018		35,722,838	100
Ending balance at Jul. 01, 2018	$ 176,716	$ 358	$ 0	147,616	30,093	(1,210)	(141)
Beginning balance (in shares) at Dec. 30, 2018	35,742,427
Beginning balance at Dec. 30, 2018	$ 185,540
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	1,526
Vesting of non-vested shares and excess tax benefits (in shares)		371,824
Vesting of non-vested shares	0	$ 4		(4)
Net income (loss)	(11,469)
Ending balance (in shares) at Mar. 31, 2019		36,114,251	100
Ending balance at Mar. 31, 2019	$ 183,101	$ 361	$ 0	151,981	31,546	(646)	(141)
Beginning balance (in shares) at Dec. 30, 2018	35,742,427
Beginning balance at Dec. 30, 2018	$ 185,540
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance (in shares)								7,400,000
Net income (loss)	$ (15,201)
Ending balance (in shares) at Jun. 30, 2019	36,114,251	43,481,142	10,100
Ending balance at Jun. 30, 2019	$ 325,984	$ 435	$ 0	298,381	27,814	(646)	0
Beginning balance (in shares) at Mar. 31, 2019		36,114,251	100
Beginning balance at Mar. 31, 2019	183,101	$ 361	$ 0	151,981	31,546	(646)	(141)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	1,282			1,282
Vesting of non-vested shares and excess tax benefits (in shares)		2,478
Vesting of non-vested shares	0
Issuance (in shares)									7,364,413	10,000
Issuance								$ 145,333	$ 74		$ 145,259
Retirement of treasury stock	0			(141)			141
Net income (loss)	$ (3,732)				(3,732)
Ending balance (in shares) at Jun. 30, 2019	36,114,251	43,481,142	10,100
Ending balance at Jun. 30, 2019	$ 325,984	$ 435	$ 0	$ 298,381	$ 27,814	$ (646)	$ 0

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jul. 01, 2018
Cash flows provided from (used for) operating activities:
Net income	$ (15,201)	$ 4,686
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Loss on disposals of property and equipment	508	209
Stock-based compensation	2,808	2,970
Gain on bargain purchase	0	(230)
Gain on settlement agreement	(1,913)	0
Impairment and other lease charges	1,277	3,190
Depreciation and amortization	32,413	28,871
Amortization of deferred financing costs	719	601
Amortization of bond premium and discount on debt	(264)	(449)
Amortization of deferred gains from sale-leaseback transactions	0	(790)
Deferred income taxes	(8,219)	38
Change in refundable income taxes	41	0
Loss on extinguishment of debt - non-cash	129	0
Changes in other operating assets and liabilities	(1,384)	(269)
Net cash provided by operating activities	10,832	38,827
Cash flows used for investing activities:
New restaurant development	(19,120)	(12,157)
Restaurant remodeling	(12,990)	(10,995)
Other restaurant capital expenditures	(8,784)	(7,973)
Corporate and restaurant information systems	(2,198)	(1,338)
Total capital expenditures	(43,092)	(32,463)
Acquisition of restaurants, net of cash acquired	127,980	0
Properties purchased for sale-leaseback	0	(2,123)
Proceeds from sale-leaseback transactions	4,637	2,862
Proceeds from insurance recoveries	123	0
Net cash used for investing activities	(166,312)	(31,724)
Cash flows provided by financing activities:
Proceeds from issuance of Term Loan B Facility	422,875	0
Retirement of 8% Senior Secured Second Lien Notes, premium and fees	(280,500)	0
Borrowings under prior revolving credit facility	0	4,500
Repayments under prior revolving credit facility	0	(4,500)
Borrowings under new revolving credit facility	175,750	0
Repayments under new revolving credit facility	(150,750)	0
Proceeds from lease financing obligations	0	2,692
Payments on finance lease liabilities	981	888
Costs associated with financing long-term debt	(11,516)	(154)
Net cash provided by financing activities	154,878	1,650
Net increase (decrease) in cash and cash equivalents	(602)	8,753
Cash and cash equivalents, beginning of period	4,014	29,412
Cash and cash equivalents, end of period	3,412	38,165
Supplemental disclosures:
Interest paid on long-term debt	15,988	11,639
Interest paid on lease financing obligations	52	52
Accruals for capital expenditures	4,882	3,230
Common and preferred stock issued for consideration in acquisition	145,333	0
Income taxes paid	138	133
Lease assets obtained in exchange for new operating lease liabilities	36,124	0
Lease Assets and Liabilities Resulting From Lease Modifications	10,255	0
Finance lease obligations acquired or incurred	$ 518	$ 0

Basis Of Presentation (Notes)

Basis Of Presentation (Notes)	6 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis Of Presentation	Basis of Presentation Business Description. At June 30, 2019 Carrols Restaurant Group, Inc. ("Carrols Restaurant Group") operated, as franchisee, 1,023 Burger King ® restaurants in 23 Northeastern, Midwestern and Southeastern states. At June 30, 2019 , the Company also operated 58 Popeyes ® in 7 Southeastern states. Basis of Consolidation. Carrols Restaurant Group, Inc. is a holding company and conducts all of its operations through its wholly-owned subsidiaries Carrols Corporation (“Carrols”) and Carrols' wholly-owned subsidiary, Carrols LLC, a Delaware limited liability company, and Carrols LLC's wholly-owned subsidiary Republic Foods, Inc., a Maryland corporation ("Republic Foods"), and effective on April 30, 2019, New CFH, LLC and it's wholly-owned subsidiaries. New CFH's direct wholly-owned subsidiaries include Alabama Quality, LLC, Carolina Quality, LLC, Cambridge Quality Chicken, LLC, Frayser Holdings, LLC, Louisiana Quality, LLC, Cambridge Franchise Real Estate, LLC, Cambridge Real Estate Development, LLC, Carolina Quality Properties, LLC, CFH Real Estate, LLC, and Tennessee Quality, LLC. Unless the context otherwise requires, Carrols Restaurant Group and its wholly-owned subsidiaries are collectively referred to as the “Company.” All intercompany transactions have been eliminated in consolidation. Fiscal Year. The Company uses a 52 - 53 week fiscal year ending on the Sunday closest to December 31. The three and six months ended June 30, 2019 and July 1, 2018 each contained thirteen and twenty-six weeks, respectively. The 2019 fiscal year will end December 29, 2019 and will contain 52 weeks. Basis of Presentation. The accompanying unaudited condensed consolidated financial statements as of and for the three and six months ended June 30, 2019 and July 1, 2018 have been prepared without an audit, pursuant to the rules and regulations of the Securities and Exchange Commission and do not include certain of the information and the footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. In the opinion of management, all normal and recurring adjustments considered necessary for a fair presentation of such unaudited condensed consolidated financial statements have been included. The results of operations for the three and six months ended June 30, 2019 and July 1, 2018 are not necessarily indicative of the results to be expected for the full year. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K for the year ended December 30, 2018 . The December 30, 2018 consolidated balance sheet data is derived from those audited consolidated financial statements. Use of Estimates. The preparation of the accompanying unaudited condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the unaudited condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Significant items subject to such estimates include: accrued occupancy costs, insurance liabilities, evaluation for impairment of long-lived assets and franchise rights, lease accounting matters, the valuation of acquired assets and liabilities and the valuation of deferred income tax assets. Actual results could differ from those estimates. Segment Information. Operating segments are components of an entity for which separate financial information is available and is regularly reviewed by the chief operating decision maker in order to allocate resources and assess performance. The Company's chief operating decision maker currently evaluates the Company's operations from a number of different operational perspectives; however resource allocation decisions are determined based on the chief operating decision maker's evaluation of the total Company operations. The Company derives all significant revenues from a single operating segment. Accordingly, the Company views the operating results of its restaurants as one reportable segment. Business Combinations. In accordance with ASC 805, the Company allocates the purchase price of an acquired business to its net identifiable assets and liabilities based on the estimated fair values. The excess of the purchase price over the amount allocated to the assets and liabilities, if any, is recorded as goodwill. The excess value of the net identifiable assets and liabilities acquired over the purchase price, if any, is recorded as a bargain purchase gain. The Company uses all available information to estimate fair values of identifiable intangible assets and property acquired. In making these determinations, the Company sometimes engages an independent third party valuation specialist to assist with the valuation of certain leasehold improvements, franchise rights and favorable and unfavorable leases. The Company estimates that the seller's carrying value of acquired restaurant equipment, subject to certain adjustments, is equivalent to fair value of this equipment at the date of the acquisition. The fair values of assumed franchise agreements are valued as if the remaining term of the agreement is at the market rate. The fair values of acquired land, buildings, certain leasehold improvements and restaurant equipment subject to finance leases are determined using both the cost approach and market approach. The fair value of the favorable and unfavorable leases acquired, right-of-use assets, right-of-use liabilities, as well as the fair value of land, buildings, leasehold improvements and restaurant equipment subject to finance leases acquired is measured using significant inputs observable in the open market. The Company categorizes all such inputs as Level 2 inputs under ASC 820. The fair value of acquired franchise rights is primarily determined using the income approach, and unobservable inputs classified as Level 3 under ASC 820. Cash and Cash Equivalents. The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. At June 30, 2019 , the Company did not have any cash invested in money market funds. At December 30, 2018 , the Company had $2.3 million , invested in money market funds, which are classified as cash equivalents on the condensed consolidated balance sheet. Fair Value of Financial Instruments. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date. In determining fair value, the accounting standards establish a three level hierarchy for inputs used in measuring fair value as follows: Level 1 inputs are quoted prices in active markets for identical assets or liabilities; Level 2 inputs are observable for the asset or liability, either directly or indirectly, including quoted prices in active markets for similar assets or liabilities; and Level 3 inputs are unobservable and reflect the Company's own assumptions. Financial instruments include cash and cash equivalents, trade and other receivables, accounts payable and long-term debt. The carrying amounts of cash and cash equivalents, trade and other receivables and accounts payable approximate fair value because of the short-term nature of these financial instruments. The carrying amount of the Term Loan B Credit Facility at June 30, 2019 approximate fair value because of its variable rate. The Carrols Restaurant Group 8.0% Senior Secured Second Lien Notes due 2022 were redeemed in full as of June 30, 2019 . At December 30, 2018 , the fair value of the of the 8.0% Senior Secured Second Lien Notes was based on a recent trading value, which is considered Level 2, and was approximately $277.1 million . Fair value measurements of non-financial assets and non-financial liabilities are primarily used in the impairment analysis of long-lived assets, goodwill and intangible assets. Long-lived assets and definite-lived intangible assets are measured at fair value on a nonrecurring basis using Level 3 inputs. As described in Note 4, the Company recorded long-lived asset impairment charges of $0.3 million and $1.1 million during the three and six months ended June 30, 2019 , respectively, and $2.3 million and $2.4 million during the three and six months ended July 1, 2018 . Recently Issued Accounting Pronouncements Adopted. The Company adopted Accounting Standards Update ("ASU") No. 2016-02, Leases (Topic 842) on December 31, 2018, the first day of fiscal 2019. The new standard requires a lessee to recognize a liability for lease obligations, representing the discounted obligation to make minimum lease payments, and a corresponding right-of-use asset on the balance sheet for all leases with a term longer than 12 months. The Company elected the optional transition method to initially apply the new lease standard at the adoption date and accordingly, financial information for periods prior to the date of initial application have not been adjusted. The Company has elected the package of practical expedients, which permits the Company to not reassess its prior conclusions regarding lease identification, lease classification and initial direct costs. The Company did not elect to use the allowed expedient that permitted the use of hindsight or the expedient in determining lease term or impairment of right-of-use assets. In addition, the Company elected a short-term lease exemption policy that permits the Company to not apply the recognition requirements of the new lease standard to leases with a term of 12 months or less. The Company also elected an accounting policy to not separate lease and non-lease components for certain classes of leases. Upon adoption of this ASU, the Company recognized lease liabilities of approximately $542.9 million , based on the present value of remaining minimum rental payments discounted at the Company's incremental borrowing rate and right-of-use assets of approximately $517.6 million . The difference between the right-of-use assets and operating lease liabilities is related to prepaid and deferred non-level rents, unamortized lease acquisition costs and unamortized favorable and unfavorable lease balances. The Company has recognized an adjustment to retained earnings upon adoption of $7.5 million , net of the deferred tax impact, to eliminate the historical deferred gains on qualified sale-leaseback transactions. Adoption of this ASU did not materially impact the condensed consolidated statements of cash flows or any covenant related to the Company's long-term debt. Recently Issued Accounting Standards Not Yet Adopted. In January 2017, the Financial Accounting Standards Board (“FASB”) issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. This ASU simplifies the accounting for goodwill by eliminating step 2 from the goodwill impairment test. Under the new ASU, if the carrying amount of a reporting unit exceeds its fair value, an impairment loss will be recognized for the amount by which the carrying amount exceeds its fair value. This update is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years, with early adoption permitted. The Company believes that this pronouncement will have no impact on its consolidated financial statements and related disclosures. Subsequent events. The Company reviewed and evaluated subsequent events through the issuance date of the Company’s unaudited condensed consolidated financial statements.

Acquisition (Notes)

Acquisition (Notes)	6 Months Ended
	Jun. 30, 2019
Business Combinations [Abstract]
Mergers, Acquisitions and Dispositions Disclosures [Text Block]	Acquisitions In 2012, as part of an acquisition of restaurants from Burger King Corporation ("BKC"), the Company was assigned BKC's right of first refusal on the sale of franchisee-operated restaurants in 20 states (the "ROFR"). Since the beginning of 2018, the Company has acquired an aggregate of 222 Burger King restaurants and 55 Popeyes restaurants from other franchisees in the following transactions, some of which were acquired pursuant to the exercise of the ROFR (in thousands, except number of restaurants): Closing Date Number of Restaurants Purchase Price Market Location 2018 Acquisitions: February 13, 2018 (1) 1 $ — New York August 21, 2018 (2) 2 1,666 Detroit, Michigan September 5, 2018 (2) 31 25,930 Western Virginia October 2, 2018 10 10,506 South Carolina and Georgia 44 38,102 2019 Acquisitions: April 30, 2019 (3) 220 257,525 Southeastern states June 11, 2019 13 15,788 Baltimore, Maryland Total 2018 and 2019 Acquisitions 277 $ 311,415 (1) The Company recorded a bargain purchase gain because the fair value of assets acquired, largely representing a franchise right asset of $0.3 million , exceeded the total fair value of consideration paid by $0.2 million . (2) Acquisitions resulting from the exercise of the ROFR with Burger King. (3) During the second quarter of 2019, the Company completed the merger with New CFH, LLC (“Cambridge”) and acquired 165 Burger King restaurants and 55 Popeyes restaurants. See further discussion below. 2019 Acquisitions On April 30, 2019 the Company completed a merger with Cambridge ("the Cambridge Merger") for a purchase price of $257.5 million through the issuance of shares of stock which consisted of (i) approximately 7.4 million shares of common stock, (ii) 10,000 shares of the Company's newly designated Series C Convertible Preferred Stock, convertible into approximately 7.5 million shares of common stock, and (iii) the retirement of approximately $112.2 million of the outstanding indebtedness of Cambridge. The conversion of the Series C Preferred Stock will be subject to a vote of the Company's stockholders at the Company’s 2019 Annual Meeting of Stockholders to be held on August 29, 2019 (and to the extent not approved, at any stockholder meeting thereafter), and will automatically convert into the Company's common stock upon stockholder approval of such conversion. All shares issued are subject to a two year restriction on sale or transfer subject to certain limited exceptions. As part of the transaction, Cambridge has the right to designate up to two director nominees and two Cambridge Holdings executives joined the Company's Board of Directors on April 30, 2019. Under the purchase method of accounting, the aggregate purchase price is allocated to the net tangible and intangible assets based on their estimated fair values on the acquisition date. For purposes of estimating the total purchase price in connection with the Cambridge merger, we have assumed the issuance of 14.9 million shares of common stock which includes the conversion of the Company's Series C Preferred Stock into common stock as the Company believes this is the most likely scenario. If the conversion does not occur at the 2019 Annual Meeting of Stockholders on August 29, 2019 , the fair value of the Series C Preferred Stock could be adjusted; which would impact the allocation of the purchase price for the Cambridge Merger. The value for the common stock of $145.3 million was based on the $9.81 closing price of the Company's stock on the date of acquisition. See Note 12—Preferred Stock for further information. The Company has engaged a third party valuation specialist to assist with the valuation of assets acquired. As the values of certain assets and liabilities are preliminary in nature, the fair values for the equity consideration, property and equipment, favorable and unfavorable leases which are an adjustment to the right-of-use assets under ASC 842, restaurant equipment, franchise rights and goodwill are subject to adjustment as additional information is obtained. The preliminary fair value of property and equipment, franchise agreements, and favorable and unfavorable lease value of the right-of-use assets was based on the assets carrying value due to recent valuations completed by Cambridge on the acquisition of 132 restaurants and construction of 33 new restaurants in the last three years. When the independent valuation is finalized, changes to the preliminary valuation of assets acquired or liabilities assumed may result in material adjustments to the estimated fair value of identifiable assets acquired, including franchise rights, goodwill, and the related deferred taxes. Goodwill recorded in connection with the Cambridge Merger represents a preliminary assessment of costs in excess of fair values assigned to the underlying net assets of acquired restaurants. Goodwill is not expected to be deductible for income tax purposes for the Cambridge Merger. The Company allocated the aggregate purchase price to the net tangible and intangible assets acquired in the Cambridge Merger at their estimated fair values. The following table summarizes the preliminary allocation of the aggregate purchase price for the Cambridge Merger reflected in the condensed consolidated balance sheets as of June 30, 2019 . Inventory $ 2,865 Prepaid expenses 3,074 Other assets 2,230 Land and buildings 19,746 Restaurant equipment 26,729 Right-of-use assets 250,544 Leasehold improvements 3,941 Franchise fees 7,308 Franchise rights 144,499 Goodwill 67,639 Operating lease liabilities (255,015 ) Accounts payable (5,229 ) Accrued payroll, related taxes and benefits (2,990 ) Other liabilities (7,816 ) Net assets acquired $ 257,525 The Company allocated the aggregate purchase price to the net tangible and intangible assets acquired in the 2019 acquisitions (other than the Cambridge Merger) at their estimated fair values. The following table summarizes the preliminary allocation of the aggregate purchase price for the 2019 acquisitions reflected in the condensed consolidated balance sheets as of June 30, 2019 . Inventory $ 147 Restaurant equipment 706 Restaurant equipment - subject to finance leases 150 Right-of-use assets 9,515 Leasehold improvements 6,205 Franchise fees 358 Franchise rights 8,849 Goodwill 55 Operating lease liabilities (9,968 ) Finance lease liabilities for restaurant equipment (185 ) Accounts payable (44 ) Net assets acquired $ 15,788 Goodwill recorded in connection with the 2019 acquisitions represents costs in excess of fair values assigned to the underlying net assets of acquired restaurants. The Company is evaluating if goodwill will be deductible for income tax purposes for the 2019 acquisitions. Deferred income tax assets and liabilities are due primarily to the book and tax bases difference of franchise rights, property and equipment, net favorable and unfavorable leases. 2018 Acquisitions The Company allocated the aggregate purchase price to the net tangible and intangible assets acquired in the acquisitions at their estimated fair values. The following table summarizes the final allocation of the aggregate purchase price for the 2018 acquisitions reflected in the condensed consolidated balance sheets as of December 30, 2018 . Inventory $ 401 Restaurant equipment 2,092 Restaurant equipment - subject to finance leases 43 Leasehold improvements 1,329 Franchise fees 1,264 Franchise rights 31,275 Favorable leases 587 Deferred income taxes 346 Goodwill 1,677 Finance lease liabilities for restaurant equipment (49 ) Unfavorable leases (624 ) Accounts payable (9 ) Net assets acquired $ 38,332 The results of operations for the restaurants acquired are included from the closing date of the respective acquisition. The 2018 and 2019 acquired restaurants contributed restaurant sales of $65.7 million and $78.6 million in the three and six months ended June 30, 2019 , respectively, and contributed restaurant sales of $0.3 million and $0.4 million in the three and six months ended July 1, 2018 , respectively. It is impracticable to disclose net earnings for the post-acquisition period for the acquired restaurants as net earnings of these restaurants were not tracked on a collective basis due to the integration of administrative functions, including field supervision. The unaudited pro forma impact on the results of operations for the restaurants acquired in 2019 for the three and six months ended June 30, 2019 and July 1, 2018 is included below. The unaudited pro forma results of operations are not necessarily indicative of the results that would have occurred had the acquisitions been consummated at the beginning of the periods presented, nor are they necessarily indicative of any future consolidated operating results. The following table summarizes the Company's unaudited pro forma operating results: Three Months Ended Six Months Ended June 30, 2019 July 1, 2018 June 30, 2019 July 1, 2018 Restaurant sales $ 397,213 $ 394,283 $ 764,014 $ 750,412 Net income (loss) $ (926 ) $ 13,535 $ (8,440 ) $ 14,655 Basic and diluted net income (loss) per share $ (0.02 ) $ 0.30 $ (0.22 ) $ 0.32 This unaudited pro forma financial information does not give effect to any anticipated synergies, operating efficiencies, cost savings or any integration costs related to the acquired restaurants. The unaudited pro forma financial results exclude transaction costs recorded as general and administrative expenses of $1.4 million and $4.0 million during the three and six months ended June 30, 2019 and $0.1 million and $0.2 million during the three and six months ended July 1, 2018 .

Intangible Assets (Notes)

Intangible Assets (Notes)	6 Months Ended
	Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill And Franchise Rights [Text Block]	Intangible Assets Goodwill. The Company is required to review goodwill for impairment annually, or more frequently when events and circumstances indicate that the carrying amount may be impaired. If the determined fair value of goodwill is less than the related carrying amount, an impairment loss is recognized. The Company performs its annual impairment assessment as of the last day of its fiscal year and does not believe circumstances have changed since the last assessment date which would make it necessary to reassess the value of its goodwill. There have been no recorded goodwill impairment losses during the six months ended June 30, 2019 or July 1, 2018 . The change in goodwill for the six months ended June 30, 2019 is summarized below. Balance at December 30, 2018 $ 38,469 Acquisitions of restaurants (Note 2) 67,694 Balance at June 30, 2019 $ 106,163 Franchise Rights. Amounts allocated to franchise rights for each acquisition of Burger King ® and Popeyes ® restaurants are amortized using the straight-line method over the average remaining term of the acquired franchise agreements plus one twenty -year renewal period. The Company assesses the potential impairment of franchise rights whenever events or changes in circumstances indicate that the carrying value may not be recoverable. If an indicator of impairment exists, an estimate of the aggregate undiscounted cash flows from the acquired restaurants is compared to the respective carrying value of franchise rights for each acquisition. If an asset is determined to be impaired, the loss is measured by the excess of the carrying amount of the asset over its fair value. No impairment charges were recorded related to the Company’s franchise rights for the three or six months ended June 30, 2019 and July 1, 2018 . The change in franchise rights for the six months ended June 30, 2019 is summarized below: Balance at December 30, 2018 $ 175,897 Acquisitions of restaurants (Note 2) 153,348 Amortization expense (4,072 ) Balance at June 30, 2019 $ 325,173 Amortization expense related to franchise rights was $2.0 million and $1.8 million for the three months ended June 30, 2019 and July 1, 2018 , respectively and $4.1 million and $3.6 million for the six months ended June 30, 2019 and July 1, 2018 , respectively. The Company expects annual amortization expense to be $8.3 million in 2019 and $8.4 million in each of the following five years.

Impairment Of Long-Lived Assets

Impairment Of Long-Lived Assets And Other Lease Charges (Notes)	6 Months Ended
	Jun. 30, 2019
Asset Impairment Charges [Abstract]
Asset Impairment Charges [Text Block]	Impairment of Long-Lived Assets and Other Lease Charges The Company reviews its long-lived assets, principally property and equipment, for impairment at the restaurant level. If an indicator of impairment exists for any of its assets, an estimate of the undiscounted future cash flows over the life of the primary asset for each restaurant is compared to that long-lived asset’s carrying value. If the carrying value is greater than the undiscounted cash flow, the Company then determines the fair value of the asset and if an asset is determined to be impaired, the loss is measured by the excess of the carrying amount of the asset over its fair value. For closed restaurant locations, the Company reviews the future minimum lease payments and related ancillary costs from the date of the restaurant closure to the end of the remaining lease term and records a lease charge for the lease liabilities to be incurred, net of any estimated sublease recoveries. The Company determines the fair value of restaurant equipment, for those restaurants reviewed for impairment, based on current economic conditions and the Company’s history of transferring these assets in the operation of its business. The Company determines the fair value of right-of-use lease assets based on an assessment of market rents and a discounted future cash flow model. These fair value asset measurements rely on significant unobservable inputs and are considered Level 3 in the fair value hierarchy. During the three months ended June 30, 2019 , the Company recorded impairment and other lease charges of $0.4 million consisting of $0.2 million related to initial impairment charges for one underperforming restaurant, capital expenditures of $0.1 million at previously impaired restaurants, and $0.1 million associated with the closure of one underperforming restaurant. During the six months ended June 30, 2019 , the Company also recorded impairment and other lease charges of $1.3 million consisting of $0.9 million related to initial impairment charges for three underperforming restaurants, capital expenditures of $0.2 million at underperforming restaurants and $0.2 million of other lease charges primarily due to the de-imaging of six restaurants closed during the first quarter. During the three months ended July 1, 2018 , the Company recorded impairment and other lease charges of $2.9 million which included $1.9 million related to the write-off of defective product holding unit kitchen equipment that was replaced, a loss of $0.6 million associated with a sale-leaseback of a restaurant property and $0.4 million of capital expenditures at underperforming restaurants. During the six months ended July 1, 2018 , the company also recorded impairment and other lease charges of $0.1 million associated with the closure of two underperforming restaurants. The following table presents the activity in the accrual for closed restaurant locations: Six Months Ended Year Ended June 30, 2019 December 30, 2018 Balance, beginning of period $ 1,352 $ 2,028 Provisions for closures 42 249 Changes in estimates of accrued costs 82 (147 ) Payments, net (260 ) (889 ) Other adjustments, including the effect of discounting future obligations 575 111 Balance, end of period $ 1,791 $ 1,352 Changes in estimates of accrued costs primarily relate to revisions or terminations of certain closed restaurant leases, changes in assumptions for sublease income and other costs. Other adjustments include the assumption of a $0.5 million liability for a closed restaurant acquired in the Cambridge merger.

Other Liabilities, Long-Term (N

Other Liabilities, Long-Term (Notes)	6 Months Ended
	Jun. 30, 2019
Other Liabilities, Noncurrent [Abstract]
Other Liabilities Disclosure [Text Block]	Other Liabilities, Long-Term Other liabilities, long-term, at June 30, 2019 and December 30, 2018 consisted of the following: June 30, 2019 December 30, 2018 Deferred rent $ — $ 16,610 Unfavorable leases, net — 12,348 Accrual for closed restaurants, long-term 828 3,074 Accrued workers’ compensation and general liability claims 4,676 4,398 Deferred compensation 3,799 3,610 Other 592 120 $ 9,895 $ 40,160 In accordance with the adoption of ASC 842, as of December 31, 2018, the first day of fiscal 2019, unamortized unfavorable leases of $12.3 million , deferred rent balances of $16.6 million and unamortized lease incentives of $2.6 million were reclassified to adjust the beginning balance of operating right-of-use assets.

Leases

Leases	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Leases	Leases The Company utilizes land and buildings in its operations under various lease agreements. The Company does not consider any one of these individual leases material to the Company's operations. Initial lease terms are generally for twenty years and, in many cases, provide for renewal options and in most cases rent escalations. The exercise of such renewal options are generally at the Company’s sole discretion. The Company evaluates renewal options at lease commencement to determine if such options are reasonably certain to be exercised based on economic factors. Certain leases also require contingent rent, determined as a percentage of sales as defined by the terms of the applicable lease agreement. For most locations, the Company is obligated for occupancy related costs including payment of property taxes, insurance and utilities. The right-of-use (“ROU”) lease assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make payments in exchange for that right of use. As the rate implicit within our leases is not readily determinable, the Company uses its incremental borrowing rate which considers the Company's debt issuances and lease term in determining the present value of future payments. The ROU asset is also reduced by lease incentives, initial direct costs and adjusted by favorable lease assets and unfavorable lease liabilities. Variable lease components represent amounts that are fixed in nature and are recognized in expense as incurred. Leases with an initial term of 12 months or less are not recorded on the balance sheet and are recognized as lease expense on a straight-line basis over the lease term. The Company does not account for lease components (e.g., fixed payments including rent, real estate taxes and insurance costs) separately from the non-lease components. As of June 30, 2019 , the Company had additional leases that have not yet commenced of $9.7 million . These leases will commence during the remainder of fiscal 2019 or in 2020 with lease terms of 5 years to 20 years. In addition, the Company utilizes certain restaurant equipment under various finance lease agreements with initial terms of generally eight years. The Company does not consider any one of these individual leases material to the Company's operations. For certain leases where rent escalates based upon a change in a financial index, such as the Consumer Price Index, the difference between the rate at lease inception and the subsequent fluctuations in that rate are included in variable lease costs. Additionally, because the Company has elected to not separate lease and non-lease components, in limited instances, variable costs also include payments to the landlord for common area maintenance, real estate taxes, insurance and other operating expenses. Lease expense is recognized on a straight-line basis over the lease term, with variable lease payments recognized in the period those payments are incurred. Lease Cost The components and classification of lease expense for the three and six months ended June 30, 2019 are as follows: Three Months Ended Six Months Ended Lease cost Classification June 30, 2019 June 30, 2019 Operating lease cost (1) Restaurant rent expense $ 22,543 $ 40,837 Operating lease cost General and administrative 148 222 Variable lease cost Restaurant rent expense 4,290 8,090 Sublease income Restaurant rent expense (143 ) (321 ) Finance lease cost: Amortization of right-of-use assets Depreciation and amortization 523 999 Interest on lease liabilities Interest expense 64 135 Total lease cost $ 27,425 $ 49,962 (1) Includes short-term leases which are not material. Lease Position Supplemental balance sheet information related to leases was as follows as of June 30, 2019 : As of Leases Classification June 30, 2019 Assets Operating leases Operating right-of-use assets, net $ 785,000 Finance leases Property and equipment, net 2,904 Total leased assets $ 787,904 Liabilities Current Operating leases Current portion of operating lease liabilities $ 39,715 Finance leases Current portion of long-term debt and finance lease liabilities 2,261 Long-term Operating leases Operating lease liabilities 777,054 Finance leases Long-term debt and finance lease liabilities, net 1,393 Total lease liabilities $ 820,423 Weighted Average Remaining Lease Term Operating leases 14.5 years Finance leases 1.9 years Weighted Average Discount Rate Operating leases 7.0 % Finance leases 8.0 % Other Information Supplemental cash flow information related to leases for the six months ended June 30, 2019 are as follows: Six Months Ended June 30, 2019 Gain on sale-leaseback transactions $ 105 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 36,006 Operating cash flows from finance leases $ 135 Financing cash flows from finance leases $ 981 Future minimum lease payments under noncancelable lease at June 30, 2019 are as follows: Fiscal year ending: Operating Leases Finance Leases December 29, 2019 $ 47,846 $ 1,244 January 3, 2021 93,769 1,755 January 2, 2022 92,202 583 January 1, 2023 91,415 240 December 31, 2023 90,493 68 Thereafter 907,550 129 Total minimum lease payments 1,323,275 4,019 Less: imputed interest (506,506 ) (365 ) Present value of lease liabilities 816,769 3,654 Less: current portion (39,715 ) (2,261 ) Total long-term lease liabilities $ 777,054 $ 1,393 Disclosures Related to Periods Prior to Adoption of the New Lease Standard As previously disclosed in the Company's 2018 Annual Report on Form 10-K and under the previous lease accounting standard, the maturities of lease liabilities at December 30, 2018 were as follows: Fiscal year ending: Operating Leases Capital Leases December 29, 2019 $ 73,304 $ 2,180 January 3, 2021 71,764 1,454 January 2, 2022 70,607 345 January 1, 2023 70,160 190 December 31, 2023 69,221 68 Thereafter 640,793 129 Total minimum lease payments $ 995,849 4,366 Less amount representing interest (425 ) Total obligations under capital leases 3,941 Less current portion (1,948 ) Long-term obligations under capital leases $ 1,993

Long-Term Debt (Notes)

Long-Term Debt (Notes)	6 Months Ended
	Jun. 30, 2019
Long-term Debt, Unclassified [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt at June 30, 2019 and December 30, 2018 consisted of the following: June 30, 2019 December 30, 2018 Collateralized: Term Loan B Facility $ 425,000 $ — Senior Credit Facility - Revolving credit borrowings 25,000 — Carrols Restaurant Group 8% Senior Secured Second Lien Notes — 275,000 Finance lease liabilities 3,654 3,941 453,654 278,941 Less: current portion of long-term debt and finance lease liabilities (6,512 ) (1,948 ) Less: unamortized debt issuance costs (8,519 ) (3,673 ) Less: unamortized original issue discount (2,082 ) — Add: bond premium — 3,503 Total Long-term debt $ 436,541 $ 276,823 On April 30, 2019, the Company entered into a new senior secured credit facility in an aggregate principal amount of $550.0 million , consisting of (i) a Term Loan B Facility in an aggregate principal amount of $425.0 million (the “Term Loan B Facility”) maturing on April 30, 2026 and (ii) a new revolving credit facility (including a sub-facility for standby letters of credit) in an aggregate principal amount of $125.0 million maturing on April 30, 2024 (the “New Revolving Credit Facility” and, together with the Term Loan B Facility, the “New Senior Credit Facilities”). The net proceeds of the Term Loan B Facility were $422.9 million after original issue discount and were used to (i) refinance the indebtedness of Carrols, including redemption of $275.0 million of 8.0% Senior Secured Second Lien Notes due 2022 and accrued interest thereon at a redemption price of 102% , and (ii) retirement of the indebtedness of Cambridge and (iii) the payment of fees and expenses in connection with the Cambridge Merger and New Senior Credit Facilities. The proceeds of the Revolving Credit Facility will finance ongoing working capital and other general corporate purposes, including permitted acquisitions and required expenditures under development agreements. In connection with these transactions, the Company recognized a loss of $7.4 million on the extinguishment of the 8% Senior Secured Second Lien Notes. Borrowings under the New Senior Credit Facilities bear interest, at a rate per annum equal to (i) the Alternate Base Rate (as defined in the New Senior Credit Facilities) plus 2.25% or (b) LIBOR Rate (as defined in the New Senior Credit Facilities) plus 3.25% . At June 30, 2019 the Company's LIBOR Rate margin was 3.25% and the Alternate Base Rate margin was 2.25% . The Term Loan B borrowings shall be due and payable in quarterly installments, beginning on September 30, 2019 as follows: (i) twenty-seven quarterly installments of $1.1 million ; (ii) one final payment of $396.3 million on April 30, 2026. As of June 30, 2019 , there were $25.0 million of revolving credit borrowings outstanding and $11.7 million of letters of credit issued under the new revolving credit facility. After reserving for issued letters of credit and outstanding revolving credit borrowings, $88.3 million was available for revolving credit borrowings under the New Senior Credit Facilities at June 30, 2019 . The Company was in compliance with the financial covenants under its New Senior Credit Facilities at June 30, 2019 . 8% Senior Secured Second Lien Notes due 2022. On April 29, 2015, the Company issued $200.0 million principal amount of 8.0% Senior Secured Second Lien Notes due 2022 and on June 23, 2017, the Company issued an additional $75.0 million principal amount of 8.0% Senior Secured Second Lien Notes due 2022 (the "8% Notes"). The 8% Notes mature and were payable on May 1, 2022. Interest was payable semi-annually on May 1 and November 1. The 8% Notes were guaranteed by the Company's subsidiaries and were secured by second-priority liens on substantially all of the Company's and its subsidiaries' assets (including a pledge of all of the capital stock and equity interests of its subsidiaries). Prior Senior Credit Facility. The Company's prior senior credit facility provided for maximum revolving credit borrowings of up to $73.0 million (including $20.0 million available for letters of credit). Borrowings under the prior senior credit facility bore interest at a rate per annum, at the Company’s option, of: (i) the Alternate Base Rate plus the applicable margin of 1.75% to 2.75% based on the Company’s Adjusted Leverage Ratio, or (ii) the LIBOR Rate plus the applicable margin of 2.75% to 3.75% based on the Company’s Adjusted Leverage Ratio (all terms as defined under the prior senior credit facility). The Company’s obligations under the prior senior credit facility were jointly and severally guaranteed by its subsidiaries and were secured by first priority liens on substantially all of the assets of the Company and its subsidiaries, including a pledge of all of the capital stock and equity interests of its subsidiaries. Under the prior senior credit facility, the Company was required to make mandatory prepayments of borrowings in the event of dispositions of assets, debt issuances and insurance and condemnation proceeds (all subject to certain exceptions). The prior senior credit facility contained certain covenants, including without limitation, those limiting the Company’s and its subsidiaries' ability to, among other things, incur indebtedness, incur liens, sell or acquire assets or businesses, change the character of its business in all material respects, engage in transactions with related parties, make certain investments, make certain restricted payments or pay dividends. In addition, the prior senior credit facility required the Company to meet certain financial ratios, including a Fixed Charge Coverage Ratio, Adjusted Leverage Ratio and First Lien Leverage Ratio (all as defined under the prior senior credit facility). The prior senior credit facility contained customary default provisions, including that the lenders could terminate their obligation to advance and may declare the unpaid balance of borrowings, or any part thereof, immediately due and payable upon the occurrence and during the continuance of customary defaults which included, without limitation, payment default, covenant defaults, bankruptcy type defaults, cross-defaults on other indebtedness, judgments or upon the occurrence of a change of control.

Income Taxes (Notes)

Income Taxes (Notes)	6 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The provision (benefit) for income taxes for the three and six months ended June 30, 2019 and July 1, 2018 was comprised of the following: Three Months Ended Six Months Ended June 30, 2019 July 1, 2018 June 30, 2019 July 1, 2018 Current $ 53 $ 57 $ 65 $ 160 Deferred (8,561 ) 279 (8,219 ) 38 Provision (benefit) for income taxes $ (8,508 ) $ 336 $ (8,154 ) $ 198 Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amount used for income tax purposes. The benefit for income taxes for the three and six months ended June 30, 2019 was derived using an estimated effective annual income tax rate for all of 2019 of 35.1% , which excludes any discrete tax adjustments. The difference compared to the statutory rate for 2019 is attributed to approximately $3.0 million of non-deductible acquisition costs incurred during the year and the benefits of federal employment credits which are not directly related to the amount of pre-tax loss recorded in a period. Accordingly, in periods where recorded pre-tax income (loss) is relatively small, the proportional effect of these items on the effective tax rate may be significant. The income tax benefit for the six months ended June 30, 2019 contains net discrete tax adjustments of $0.1 million of tax expense. The provision for income taxes for the three and six months ended July 1, 2018 was derived using an estimated effective annual income tax rate for all of 2018 of 1.5% , which excludes any discrete tax adjustments and was below the statutory rate due to the effect of fixed employment tax credits on taxable income. The income tax expense for the six months ended July 1, 2018 contains net discrete tax adjustments of $0.1 million of tax expense. As of June 30, 2019 , the Company had federal net operating loss carryforwards of approximately $89.6 million which expire beginning in 2033 . The Company's state net operating loss carryforwards expire beginning in 2019 through 2038. The Company's policy is to recognize interest and/or penalties related to uncertain tax positions in income tax expense. At June 30, 2019 and December 30, 2018 , the Company had no unrecognized tax benefits and no accrued interest related to uncertain tax positions. The tax years 2013 - 2018 remain open to examination by the major taxing jurisdictions to which the Company is subject. Although it is not reasonably possible to estimate the amount by which unrecognized tax benefits may increase within the next twelve months due to the uncertainties regarding the timing of examinations, the Company does not expect unrecognized tax benefits to significantly change in the next twelve months.

Stock-Based Compensation (Notes

Stock-Based Compensation (Notes)	6 Months Ended
	Jun. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Stock-Based Compensation Stock-based compensation expense for the three months ended June 30, 2019 and July 1, 2018 was $1.3 million and $1.4 million , respectively and for the six months ended June 30, 2019 and July 1, 2018 was $2.8 million and $3.0 million , respectively. On January 15, 2019, the Company granted 417,500 non-vested restricted shares to certain employees and officers of the Company and 47,470 non-vested restricted shares to outside directors of the Company. These shares vest, become non-forfeitable and are being expensed over their three-year vesting period. A summary of all non-vested shares activity for the six months ended June 30, 2019 was as follows: Shares Weighted Average Grant Date Price Non-vested at December 30, 2018 796,476 $ 13.12 Granted 468,199 $ 9.48 Vested (374,302 ) $ 12.66 Non-vested at June 30, 2019 890,373 $ 11.40 The fair value of non-vested shares is based on the closing price on the date of grant. As of June 30, 2019 , the total non-vested unrecognized stock-based compensation expense was approximately $7.6 million and the remaining weighted average vesting period for non-vested shares was 1.9 years. The Company expects to record an additional $2.8 million in stock-based compensation expense related to the vesting of these awards for the remainder of 2019 .

Commitments And Contingencies (

Commitments And Contingencies (Notes)	6 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	Commitments and Contingencies Lease Guarantees. Fiesta Restaurant Group, Inc. ("Fiesta"), a former wholly-owned subsidiary of the Company, was spun-off in 2012 to the Company's stockholders. As of June 30, 2019 , the Company is a guarantor under 27 Fiesta restaurant property leases, of which all except for one of those restaurants is still operating, with lease terms expiring on various dates through 2030, and is the primary lessee on five Fiesta restaurant property leases, which it subleases to Fiesta. The Company is fully liable for all obligations under the terms of the leases in the event that Fiesta fails to pay any sums due under the lease, subject to indemnification provisions of a Separation and Distribution Agreement entered into in connection with the spin-off of Fiesta. The maximum potential amount of future undiscounted rental payments the Company could be required to make under these leases at June 30, 2019 was $13.8 million of which $ 0.4 million is included in operating lease liabilities in accordance with ASC 842. The obligations under these leases will generally continue to decrease over time as these operating leases expire. No payments related to these guarantees have been made by the Company to date and none are expected to be required to be made in the future. The Company has not recorded a liability for $ 13.4 million of these guarantees in accordance with ASC 460 - Guarantees as Fiesta has indemnified the Company for all such obligations and the Company did not believe it was probable it would be required to perform under any of the guarantees or direct obligations. Litigation. The Company is a party to various litigation matters that arise in the ordinary course of business. The Company does not believe that the outcome of any of these other matters meet the disclosure or recognition standards, nor will they have a material adverse effect on its consolidated financial statements.

Transactions with Related Parti

Transactions with Related Parties (Notes)	6 Months Ended
	Jun. 30, 2019
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	Transactions with Related Parties In connection with an acquisition of restaurants from BKC in 2012, the Company issued to BKC 100 shares of Series A Convertible Preferred Stock, which was exchanged for 100 shares of newly issued Series B Convertible Preferred Stock in 2018, and as of June 30, 2019 is convertible into approximately 15.4% of the outstanding shares of the Company's common stock after giving effect to the conversion of the Series B and Series C Preferred Stock. Pursuant to the terms of the Series B Convertible Preferred Stock, BKC together with certain other entities that are both affiliates of BKC and either Restaurant Brands International or Restaurant Brands International Limited Partnership ("RBI") are entitled to elect two representatives on the Company's board of directors. Each of the Company's restaurants operates under a separate franchise agreement with RBI. These franchise agreements generally provide for an initial term of twenty years and currently have an initial franchise fee of fifty thousand dollars. Any franchise agreement, including renewals, can be extended at the Company's discretion for an additional 20 year term, with RBI 's approval, provided that, among other things, the restaurant meets the current restaurant image standard and the Company is not in default under terms of the franchise agreement. In addition to the initial franchise fee, the Company generally pays BKC a monthly royalty at a rate of 4.5 % of sales and Popeye's a weekly royalty at a rate of 5.0% of sales. Royalty expense was $15.6 million and $13.0 million in the three months ended June 30, 2019 and July 1, 2018 , respectively and was $28.0 million and $24.5 million in the six months ended June 30, 2019 and July 1, 2018 , respectively. The Company is also generally required to contribute 4 % of restaurant sales from its restaurants to an advertising fund utilized by RBI for its advertising, promotional programs and public relations activities, and additional amounts for additional local advertising in markets that approve such advertising. Advertising expense associated with these expenditures was $14.4 million and $12.1 million in the three months ended June 30, 2019 and July 1, 2018 , respectively and was $25.8 million and $23.0 million in the six months ended June 30, 2019 and July 1, 2018 , respectively. As of June 30, 2019 , the Company leased 249 of its restaurant locations from BKC and 115 of these locations are subleased by BKC from various third-party lessors. Aggregate rent under these BKC leases was $6.8 million for each of the three months ended June 30, 2019 and July 1, 2018 , and was $13.6 million and $13.5 million in the six months ended June 30, 2019 and July 1, 2018 , respectively. The Company does not believe that such lease terms have been significantly affected by the fact that the Company and BKC are deemed to be related parties. The Company and BKC have entered into an Area Development and Remodeling Agreement ("Area Development Agreement") commencing on April 30, 2019 and ending on September 30, 2024, which supersedes the Operating Agreement dated as of May 30, 2012, as amended, between Carrols LLC and BKC. Pursuant to the Area Development Agreement, BKC assigned its right of first refusal under its franchise agreements with its franchisees to purchase all of the assets of a Burger King restaurant on the same terms proposed between such franchisee and a third party purchaser (the “ADA ROFR”), in 16 states and a limited number of counties in four additional states, and granted franchise pre-approval to acquire Burger King restaurants until the date that Carrols LLC has acquired more than an aggregate of 500 Burger King restaurants. The continued assignment of the ADA ROFR is subject to suspension or termination in the event of non-compliance by Carrols LLC with certain terms as set forth in the Area Development Agreement. Carrols LLC will pay BKC $3.0 million for the ADA ROFR in four equal installment payments over the course of one year. As of June 30, 2019 , the Company owed BKC $1.5 million associated with its purchase of the ADA ROFR and $10.1 million related to the payment of advertising, royalties and rent, which is remitted on a monthly basis. The Company has assumed Cambridge's development agreement for Popeyes ®, which includes a right of first refusal for acquisitions in two southern states, as well as a development commitment for approximately 80 new Popeyes ® restaurants over six years. In addition, the Company received $ 1.9 million related to a settlement with BKC for their approval of new restaurant development by other franchisees which unfavorably impacted the Company's restaurants which was recorded as other income in the first quarter of 2019.

Preferred Stock

Preferred Stock	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Preferred Stock	Preferred Stock In connection with the Cambridge Merger, Cambridge was issued 10,000 shares of Series C Preferred Stock. The Series C Preferred Stock shall (i) accrue a dividend of 9% per annum that is payable by increasing the Stated Value (as defined in the Carrols Restaurant Group, Inc. Certificate of Designations of Series C Convertible Preferred Stock) per share of Series C Preferred Stock every six months from the date of issuance (ii) be subject to certain issuance restrictions and (iii) be initially convertible into 7.5 million of shares of the Company's common stock, subject to adjustment pursuant to certain anti-dilution provisions and (iv) be automatically convertible into shares of the Company's common stock upon the vote of the Company's stockholders at the Company's 2019 Annual Meeting of Stockholders to be held on August 29, 2019 (and to the extent not approved, at any stockholder meeting thereafter). Pursuant to the Merger Agreement, the Stockholder Approval will be voted upon at its next annual meeting of stockholders to be held after the closing of the Mergers. As of June 30, 2019 the 10,000 shares of Series C Preferred Stock, along with 7.4 million shares of common stock, constitutes approximately 24.2% of the Company's common stock after giving effect to the conversion of the Series B and Series C Preferred Stock.

Net Loss Per Share (Notes)

Net Loss Per Share (Notes)	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Net Income (Loss) Per Share	Net Income (Loss) per Share The Company applies the two-class method to calculate and present net income (loss) per share. The Company's non-vested share awards, Series B Convertible Preferred Stock issued to BKC and Series C Preferred Stock contain non-forfeitable rights to dividends and are considered participating securities for purposes of computing net income (loss) per share pursuant to the two-class method. Under the two-class method, net earnings are reduced by the amount of dividends declared (whether paid or unpaid) and the remaining undistributed earnings are then allocated to common stock and participating securities, based on their respective rights to receive dividends. As the Company incurred a net loss for the three months and six months ended June 30, 2019 , and losses are not allocated to participating securities under the two-class method, such method is not applicable for the aforementioned interim reporting periods. Basic net income (loss) per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of shares of common stock outstanding for the reporting period. Diluted net income (loss) per share reflects additional shares of common stock outstanding, where applicable, calculated using the treasury stock method or the two-class method. The following table sets forth the calculation of basic and diluted net income (loss) per share: Three Months Ended Six Months Ended June 30, 2019 July 1, 2018 June 30, 2019 July 1, 2018 Basic net income (loss) per share: Net income (loss) $ (3,732 ) $ 7,788 $ (15,201 ) $ 4,686 Less: Income attributable to non-vested shares — (139 ) — (83 ) Less: Income attributable to preferred stock — (1,596 ) — (961 ) Net income (loss) available to common stockholders $ (3,732 ) $ 6,053 $ (15,201 ) $ 3,642 Weighted average common shares outstanding 41,051,354 35,720,243 38,548,246 35,693,027 Basic net income (loss) per share $ (0.09 ) $ 0.17 $ (0.39 ) $ 0.10 Diluted net income (loss) per share: Net income (loss) $ (3,732 ) $ 7,788 $ (15,201 ) $ 4,686 Shares used in computing basic net loss per share 41,051,354 35,720,243 38,548,246 35,693,027 Dilutive effect of preferred stock and non-vested shares — 9,481,023 — 9,541,577 Shares used in computing diluted net loss per share 41,051,354 45,201,266 38,548,246 45,234,604 Diluted net income (loss) per share $ (0.09 ) $ 0.17 $ (0.39 ) $ 0.10 Shares excluded from diluted net income (loss) per share computations (1) 17,755,355 — 17,755,355 — (1) Shares issuable upon conversion of preferred stock and non-vested shares were excluded from the computation of diluted net loss per share because their effect would have been anti-dilutive.

Other Expense (Income) (Notes)

Other Expense (Income) (Notes)	6 Months Ended
	Jun. 30, 2019
Other Income and Expenses [Abstract]
Other Expense (Income)	Other Expense (Income) In the three months ended June 30, 2019 , the Company recorded other expense, net of $0.4 million consisting of a loss on the disposal of restaurant equipment of $0.5 million and a $0.1 million gain on a sale-leaseback transaction. In the six months ended June 30, 2019 , the Company recorded other income of $1.8 million which consisted of a $ 1.9 million gain from a settlement with BKC for their approval of new restaurant development by other franchisees which unfavorably impacted the Company's restaurants, a $0.1 million gain on two sale-leaseback transactions, a $0.1 million gain related to an insurance recovery from a fire at one of its restaurants in the prior year and a loss on a disposal of restaurant equipment of $0.5 million .

Subsequent Events (Notes)

Subsequent Events (Notes)	6 Months Ended
	Jun. 30, 2019
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events The Company reviewed and evaluated subsequent events through the issuance date of the Company’s unaudited condensed consolidated financial statements. Stock Repurchase Program On August 2, 2019 , the Company's Board of Directors approved a stock repurchase plan ("Repurchase Program") under which the Company may repurchase up to $25 million of its outstanding common stock. The authorization is effective August 2, 2019 , and will expire 24 months thereafter, unless terminated earlier by the Company's Board of Directors. Purchases under the Repurchase Program may be made from time to time in open market transactions at prevailing market prices or in privately negotiated transactions (including, without limitation, the use of Rule 10b5-1 plans) in compliance with applicable federal securities laws, including Rule 10b-18 under the Securities Exchange Act of 1934, as amended. The Company has no obligation to repurchase stock under the Repurchase Program, and the timing, actual number and value of shares purchased will depend on the Company's stock price, trading volume, general market and economic conditions, and other factors.

Basis Of Presentation (Policies

Basis Of Presentation (Policies)	6 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Consolidation, Policy [Policy Text Block]	Basis of Consolidation. Carrols Restaurant Group, Inc. is a holding company and conducts all of its operations through its wholly-owned subsidiaries Carrols Corporation (“Carrols”) and Carrols' wholly-owned subsidiary, Carrols LLC, a Delaware limited liability company, and Carrols LLC's wholly-owned subsidiary Republic Foods, Inc., a Maryland corporation ("Republic Foods"), and effective on April 30, 2019, New CFH, LLC and it's wholly-owned subsidiaries. New CFH's direct wholly-owned subsidiaries include Alabama Quality, LLC, Carolina Quality, LLC, Cambridge Quality Chicken, LLC, Frayser Holdings, LLC, Louisiana Quality, LLC, Cambridge Franchise Real Estate, LLC, Cambridge Real Estate Development, LLC, Carolina Quality Properties, LLC, CFH Real Estate, LLC, and Tennessee Quality, LLC. Unless the context otherwise requires, Carrols Restaurant Group and its wholly-owned subsidiaries are collectively referred to as the “Company.” All intercompany transactions have been eliminated in consolidation.
Fiscal Period, Policy [Policy Text Block]	Fiscal Year. The Company uses a 52 - 53 week fiscal year ending on the Sunday closest to December 31. The three and six months ended June 30, 2019 and July 1, 2018 each contained thirteen and twenty-six weeks, respectively.
Basis of Presentation, Policy [Policy Text Block]	Basis of Presentation. The accompanying unaudited condensed consolidated financial statements as of and for the three and six months ended June 30, 2019 and July 1, 2018 have been prepared without an audit, pursuant to the rules and regulations of the Securities and Exchange Commission and do not include certain of the information and the footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. In the opinion of management, all normal and recurring adjustments considered necessary for a fair presentation of such unaudited condensed consolidated financial statements have been included. The results of operations for the three and six months ended June 30, 2019 and July 1, 2018 are not necessarily indicative of the results to be expected for the full year.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates. The preparation of the accompanying unaudited condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the unaudited condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Significant items subject to such estimates include: accrued occupancy costs, insurance liabilities, evaluation for impairment of long-lived assets and franchise rights, lease accounting matters, the valuation of acquired assets and liabilities and the valuation of deferred income tax assets. Actual results could differ from those estimates.
Segment Reporting, Policy [Policy Text Block]	Operating segments are components of an entity for which separate financial information is available and is regularly reviewed by the chief operating decision maker in order to allocate resources and assess performance. The Company's chief operating decision maker currently evaluates the Company's operations from a number of different operational perspectives; however resource allocation decisions are determined based on the chief operating decision maker's evaluation of the total Company operations. The Company derives all significant revenues from a single operating segment. Accordingly, the Company views the operating results of its restaurants as one reportable segment.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value of Financial Instruments. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date. In determining fair value, the accounting standards establish a three level hierarchy for inputs used in measuring fair value as follows: Level 1 inputs are quoted prices in active markets for identical assets or liabilities; Level 2 inputs are observable for the asset or liability, either directly or indirectly, including quoted prices in active markets for similar assets or liabilities; and Level 3 inputs are unobservable and reflect the Company's own assumptions. Financial instruments include cash and cash equivalents, trade and other receivables, accounts payable and long-term debt. The carrying amounts of cash and cash equivalents, trade and other receivables and accounts payable approximate fair value because of the short-term nature of these financial instruments. The carrying amount of the Term Loan B Credit Facility at June 30, 2019 approximate fair value because of its variable rate. The Carrols Restaurant Group 8.0% Senior Secured Second Lien Notes due 2022 were redeemed in full as of June 30, 2019 . At December 30, 2018 , the fair value of the of the 8.0% Senior Secured Second Lien Notes was based on a recent trading value, which is considered Level 2, and was approximately $277.1 million . Fair value measurements of non-financial assets and non-financial liabilities are primarily used in the impairment analysis of long-lived assets, goodwill and intangible assets. Long-lived assets and definite-lived intangible assets are measured at fair value on a nonrecurring basis using Level 3 inputs.

Intangible Assets (Policies)

Intangible Assets (Policies)	6 Months Ended
	Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]	Goodwill. The Company is required to review goodwill for impairment annually, or more frequently when events and circumstances indicate that the carrying amount may be impaired. If the determined fair value of goodwill is less than the related carrying amount, an impairment loss is recognized. The Company performs its annual impairment assessment as of the last day of its fiscal year and does not believe circumstances have changed since the last assessment date which would make it necessary to reassess the value of its goodwill.
Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block]	Franchise Rights. Amounts allocated to franchise rights for each acquisition of Burger King ® and Popeyes ® restaurants are amortized using the straight-line method over the average remaining term of the acquired franchise agreements plus one twenty -year renewal period.

Impairment Of Long-Lived Asse_2

Impairment Of Long-Lived Assets And Other Lease Charges (Policies)	6 Months Ended
	Jun. 30, 2019
Asset Impairment Charges [Abstract]
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	The Company reviews its long-lived assets, principally property and equipment, for impairment at the restaurant level. If an indicator of impairment exists for any of its assets, an estimate of the undiscounted future cash flows over the life of the primary asset for each restaurant is compared to that long-lived asset’s carrying value. If the carrying value is greater than the undiscounted cash flow, the Company then determines the fair value of the asset and if an asset is determined to be impaired, the loss is measured by the excess of the carrying amount of the asset over its fair value. For closed restaurant locations, the Company reviews the future minimum lease payments and related ancillary costs from the date of the restaurant closure to the end of the remaining lease term and records a lease charge for the lease liabilities to be incurred, net of any estimated sublease recoveries. The Company determines the fair value of restaurant equipment, for those restaurants reviewed for impairment, based on current economic conditions and the Company’s history of transferring these assets in the operation of its business. The Company determines the fair value of right-of-use lease assets based on an assessment of market rents and a discounted future cash flow model. These fair value asset measurements rely on significant unobservable inputs and are considered Level 3 in the fair value hierarchy.

Stock-Based Compensation Polici

Stock-Based Compensation Policies (Policies)	6 Months Ended
	Jun. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation Costs, Policy [Policy Text Block]	The fair value of non-vested shares is based on the closing price on the date of grant.

Net Loss Per Share (Policies)

Net Loss Per Share (Policies)	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Earnings Per Share, Policy [Policy Text Block]	The Company applies the two-class method to calculate and present net income (loss) per share. The Company's non-vested share awards, Series B Convertible Preferred Stock issued to BKC and Series C Preferred Stock contain non-forfeitable rights to dividends and are considered participating securities for purposes of computing net income (loss) per share pursuant to the two-class method. Under the two-class method, net earnings are reduced by the amount of dividends declared (whether paid or unpaid) and the remaining undistributed earnings are then allocated to common stock and participating securities, based on their respective rights to receive dividends. As the Company incurred a net loss for the three months and six months ended June 30, 2019 , and losses are not allocated to participating securities under the two-class method, such method is not applicable for the aforementioned interim reporting periods. Basic net income (loss) per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of shares of common stock outstanding for the reporting period. Diluted net income (loss) per share reflects additional shares of common stock outstanding, where applicable, calculated using the treasury stock method or the two-class method.

Acquisition (Tables)

Acquisition (Tables)	6 Months Ended
	Jun. 30, 2019
Business Acquisition [Line Items]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	The following table summarizes the preliminary allocation of the aggregate purchase price for the Cambridge Merger reflected in the condensed consolidated balance sheets as of June 30, 2019 . Inventory $ 2,865 Prepaid expenses 3,074 Other assets 2,230 Land and buildings 19,746 Restaurant equipment 26,729 Right-of-use assets 250,544 Leasehold improvements 3,941 Franchise fees 7,308 Franchise rights 144,499 Goodwill 67,639 Operating lease liabilities (255,015 ) Accounts payable (5,229 ) Accrued payroll, related taxes and benefits (2,990 ) Other liabilities (7,816 ) Net assets acquired $ 257,525 The following table summarizes the preliminary allocation of the aggregate purchase price for the 2019 acquisitions reflected in the condensed consolidated balance sheets as of June 30, 2019 . Inventory $ 147 Restaurant equipment 706 Restaurant equipment - subject to finance leases 150 Right-of-use assets 9,515 Leasehold improvements 6,205 Franchise fees 358 Franchise rights 8,849 Goodwill 55 Operating lease liabilities (9,968 ) Finance lease liabilities for restaurant equipment (185 ) Accounts payable (44 ) Net assets acquired $ 15,788
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	Since the beginning of 2018, the Company has acquired an aggregate of 222 Burger King restaurants and 55 Popeyes restaurants from other franchisees in the following transactions, some of which were acquired pursuant to the exercise of the ROFR (in thousands, except number of restaurants): Closing Date Number of Restaurants Purchase Price Market Location 2018 Acquisitions: February 13, 2018 (1) 1 $ — New York August 21, 2018 (2) 2 1,666 Detroit, Michigan September 5, 2018 (2) 31 25,930 Western Virginia October 2, 2018 10 10,506 South Carolina and Georgia 44 38,102 2019 Acquisitions: April 30, 2019 (3) 220 257,525 Southeastern states June 11, 2019 13 15,788 Baltimore, Maryland Total 2018 and 2019 Acquisitions 277 $ 311,415 (1) The Company recorded a bargain purchase gain because the fair value of assets acquired, largely representing a franchise right asset of $0.3 million , exceeded the total fair value of consideration paid by $0.2 million . (2) Acquisitions resulting from the exercise of the ROFR with Burger King. (3) During the second quarter of 2019, the Company completed the merger with New CFH, LLC (“Cambridge”) and acquired 165 Burger King restaurants and 55 Popeyes restaurants. See further discussion below. The following table summarizes the final allocation of the aggregate purchase price for the 2018 acquisitions reflected in the condensed consolidated balance sheets as of December 30, 2018 . Inventory $ 401 Restaurant equipment 2,092 Restaurant equipment - subject to finance leases 43 Leasehold improvements 1,329 Franchise fees 1,264 Franchise rights 31,275 Favorable leases 587 Deferred income taxes 346 Goodwill 1,677 Finance lease liabilities for restaurant equipment (49 ) Unfavorable leases (624 ) Accounts payable (9 ) Net assets acquired $ 38,332
Business Acquisition, Pro Forma Information [Table Text Block]	The following table summarizes the Company's unaudited pro forma operating results: Three Months Ended Six Months Ended June 30, 2019 July 1, 2018 June 30, 2019 July 1, 2018 Restaurant sales $ 397,213 $ 394,283 $ 764,014 $ 750,412 Net income (loss) $ (926 ) $ 13,535 $ (8,440 ) $ 14,655 Basic and diluted net income (loss) per share $ (0.02 ) $ 0.30 $ (0.22 ) $ 0.32

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Indefinite-Lived Intangible Assets [Table Text Block]	The change in franchise rights for the six months ended June 30, 2019 is summarized below: Balance at December 30, 2018 $ 175,897 Acquisitions of restaurants (Note 2) 153,348 Amortization expense (4,072 ) Balance at June 30, 2019 $ 325,173

Impairment Of Long-Lived Asse_3

Impairment Of Long-Lived Assets And Other Lease Charges (Tables)	6 Months Ended
	Jun. 30, 2019
Asset Impairment Charges [Abstract]
Schedule of Closed-Store Restaurant Reserve by Type of Cost [Table Text Block]	The following table presents the activity in the accrual for closed restaurant locations: Six Months Ended Year Ended June 30, 2019 December 30, 2018 Balance, beginning of period $ 1,352 $ 2,028 Provisions for closures 42 249 Changes in estimates of accrued costs 82 (147 ) Payments, net (260 ) (889 ) Other adjustments, including the effect of discounting future obligations 575 111 Balance, end of period $ 1,791 $ 1,352

Other Liabilities, Long-Term (T

Other Liabilities, Long-Term (Tables)	6 Months Ended
	Jun. 30, 2019
Other Liabilities, Noncurrent [Abstract]
Schedule of Other Assets and Other Liabilities [Table Text Block]	Other liabilities, long-term, at June 30, 2019 and December 30, 2018 consisted of the following: June 30, 2019 December 30, 2018 Deferred rent $ — $ 16,610 Unfavorable leases, net — 12,348 Accrual for closed restaurants, long-term 828 3,074 Accrued workers’ compensation and general liability claims 4,676 4,398 Deferred compensation 3,799 3,610 Other 592 120 $ 9,895 $ 40,160

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Lease, Cost [Table Text Block]	The components and classification of lease expense for the three and six months ended June 30, 2019 are as follows: Three Months Ended Six Months Ended Lease cost Classification June 30, 2019 June 30, 2019 Operating lease cost (1) Restaurant rent expense $ 22,543 $ 40,837 Operating lease cost General and administrative 148 222 Variable lease cost Restaurant rent expense 4,290 8,090 Sublease income Restaurant rent expense (143 ) (321 ) Finance lease cost: Amortization of right-of-use assets Depreciation and amortization 523 999 Interest on lease liabilities Interest expense 64 135 Total lease cost $ 27,425 $ 49,962 (1) Includes short-term leases which are not material.
Leases, Balance Sheet Supplemental [Table Text Block]	Supplemental balance sheet information related to leases was as follows as of June 30, 2019 : As of Leases Classification June 30, 2019 Assets Operating leases Operating right-of-use assets, net $ 785,000 Finance leases Property and equipment, net 2,904 Total leased assets $ 787,904 Liabilities Current Operating leases Current portion of operating lease liabilities $ 39,715 Finance leases Current portion of long-term debt and finance lease liabilities 2,261 Long-term Operating leases Operating lease liabilities 777,054 Finance leases Long-term debt and finance lease liabilities, net 1,393 Total lease liabilities $ 820,423 Weighted Average Remaining Lease Term Operating leases 14.5 years Finance leases 1.9 years Weighted Average Discount Rate Operating leases 7.0 % Finance leases 8.0 %
Leases, Cash Flows Supplemental [Table Text Block]	Supplemental cash flow information related to leases for the six months ended June 30, 2019 are as follows: Six Months Ended June 30, 2019 Gain on sale-leaseback transactions $ 105 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 36,006 Operating cash flows from finance leases $ 135 Financing cash flows from finance leases $ 981
Finance Lease, Liability, Maturity [Table Text Block]	Future minimum lease payments under noncancelable lease at June 30, 2019 are as follows: Fiscal year ending: Operating Leases Finance Leases December 29, 2019 $ 47,846 $ 1,244 January 3, 2021 93,769 1,755 January 2, 2022 92,202 583 January 1, 2023 91,415 240 December 31, 2023 90,493 68 Thereafter 907,550 129 Total minimum lease payments 1,323,275 4,019 Less: imputed interest (506,506 ) (365 ) Present value of lease liabilities 816,769 3,654 Less: current portion (39,715 ) (2,261 ) Total long-term lease liabilities $ 777,054 $ 1,393
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Future minimum lease payments under noncancelable lease at June 30, 2019 are as follows: Fiscal year ending: Operating Leases Finance Leases December 29, 2019 $ 47,846 $ 1,244 January 3, 2021 93,769 1,755 January 2, 2022 92,202 583 January 1, 2023 91,415 240 December 31, 2023 90,493 68 Thereafter 907,550 129 Total minimum lease payments 1,323,275 4,019 Less: imputed interest (506,506 ) (365 ) Present value of lease liabilities 816,769 3,654 Less: current portion (39,715 ) (2,261 ) Total long-term lease liabilities $ 777,054 $ 1,393
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	As previously disclosed in the Company's 2018 Annual Report on Form 10-K and under the previous lease accounting standard, the maturities of lease liabilities at December 30, 2018 were as follows: Fiscal year ending: Operating Leases Capital Leases December 29, 2019 $ 73,304 $ 2,180 January 3, 2021 71,764 1,454 January 2, 2022 70,607 345 January 1, 2023 70,160 190 December 31, 2023 69,221 68 Thereafter 640,793 129 Total minimum lease payments $ 995,849 4,366 Less amount representing interest (425 ) Total obligations under capital leases 3,941 Less current portion (1,948 ) Long-term obligations under capital leases $ 1,993
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]	As previously disclosed in the Company's 2018 Annual Report on Form 10-K and under the previous lease accounting standard, the maturities of lease liabilities at December 30, 2018 were as follows: Fiscal year ending: Operating Leases Capital Leases December 29, 2019 $ 73,304 $ 2,180 January 3, 2021 71,764 1,454 January 2, 2022 70,607 345 January 1, 2023 70,160 190 December 31, 2023 69,221 68 Thereafter 640,793 129 Total minimum lease payments $ 995,849 4,366 Less amount representing interest (425 ) Total obligations under capital leases 3,941 Less current portion (1,948 ) Long-term obligations under capital leases $ 1,993

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Jun. 30, 2019
Long-term Debt, Unclassified [Abstract]
Schedule of Long-term Debt Instruments [Table Text Block]	Long-term debt at June 30, 2019 and December 30, 2018 consisted of the following: June 30, 2019 December 30, 2018 Collateralized: Term Loan B Facility $ 425,000 $ — Senior Credit Facility - Revolving credit borrowings 25,000 — Carrols Restaurant Group 8% Senior Secured Second Lien Notes — 275,000 Finance lease liabilities 3,654 3,941 453,654 278,941 Less: current portion of long-term debt and finance lease liabilities (6,512 ) (1,948 ) Less: unamortized debt issuance costs (8,519 ) (3,673 ) Less: unamortized original issue discount (2,082 ) — Add: bond premium — 3,503 Total Long-term debt $ 436,541 $ 276,823

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	The provision (benefit) for income taxes for the three and six months ended June 30, 2019 and July 1, 2018 was comprised of the following: Three Months Ended Six Months Ended June 30, 2019 July 1, 2018 June 30, 2019 July 1, 2018 Current $ 53 $ 57 $ 65 $ 160 Deferred (8,561 ) 279 (8,219 ) 38 Provision (benefit) for income taxes $ (8,508 ) $ 336 $ (8,154 ) $ 198

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Nonvested Share Activity [Table Text Block]	A summary of all non-vested shares activity for the six months ended June 30, 2019 was as follows: Shares Weighted Average Grant Date Price Non-vested at December 30, 2018 796,476 $ 13.12 Granted 468,199 $ 9.48 Vested (374,302 ) $ 12.66 Non-vested at June 30, 2019 890,373 $ 11.40

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The following table sets forth the calculation of basic and diluted net income (loss) per share: Three Months Ended Six Months Ended June 30, 2019 July 1, 2018 June 30, 2019 July 1, 2018 Basic net income (loss) per share: Net income (loss) $ (3,732 ) $ 7,788 $ (15,201 ) $ 4,686 Less: Income attributable to non-vested shares — (139 ) — (83 ) Less: Income attributable to preferred stock — (1,596 ) — (961 ) Net income (loss) available to common stockholders $ (3,732 ) $ 6,053 $ (15,201 ) $ 3,642 Weighted average common shares outstanding 41,051,354 35,720,243 38,548,246 35,693,027 Basic net income (loss) per share $ (0.09 ) $ 0.17 $ (0.39 ) $ 0.10 Diluted net income (loss) per share: Net income (loss) $ (3,732 ) $ 7,788 $ (15,201 ) $ 4,686 Shares used in computing basic net loss per share 41,051,354 35,720,243 38,548,246 35,693,027 Dilutive effect of preferred stock and non-vested shares — 9,481,023 — 9,541,577 Shares used in computing diluted net loss per share 41,051,354 45,201,266 38,548,246 45,234,604 Diluted net income (loss) per share $ (0.09 ) $ 0.17 $ (0.39 ) $ 0.10 Shares excluded from diluted net income (loss) per share computations (1) 17,755,355 — 17,755,355 — (1) Shares issuable upon conversion of preferred stock and non-vested shares were excluded from the computation of diluted net loss per share because their effect would have been anti-dilutive.

Basis Of Presentation (Details)

Basis Of Presentation (Details) $ in Thousands	3 Months Ended		6 Months Ended		9 Months Ended	12 Months Ended
	Jun. 30, 2019USD ($)Rate	Jul. 01, 2018USD ($)	Jun. 30, 2019USD ($)Rate	Jul. 01, 2018USD ($)	Sep. 30, 2018	Dec. 29, 2019	Jan. 01, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 30, 2018USD ($)
Entity Information [Line Items]
Weeks In Fiscal Period			13		39
Cash Equivalents, at Carrying Value									$ 2,300
Senior Secured Second Lien Notes, Interest Rate | Rate	8.00%		8.00%
Long-term Debt, Fair Value									277,100
Asset impairment charges	$ 300	$ 2,300	$ 1,100	$ 2,400
Present value of lease liabilities	816,769		816,769
Operating leases	$ 785,000		$ 785,000						0
Minimum [Member]
Entity Information [Line Items]
Weeks In Fiscal Period			52
Maximum [Member]
Entity Information [Line Items]
Weeks In Fiscal Period			53
Subsequent Event [Member]
Entity Information [Line Items]
Weeks In Fiscal Period						52
Accounting Standards Update 2016-02 [Member]
Entity Information [Line Items]
Present value of lease liabilities									542,900
Operating leases									$ 517,600
Adoption of ASC 842, net of taxes							$ 7,504
Accounting Standards Update 2016-02 [Member] | Retained Earnings [Member]
Entity Information [Line Items]
Adoption of ASC 842, net of taxes							$ 7,504	$ 7,504
Burger King Corporate [Member]
Entity Information [Line Items]
Number of Restaurants	1,023		1,023
Number of States in which Entity Operates	23		23
Popeyes [Member]
Entity Information [Line Items]
Number of Restaurants	58		58
Number of States in which Entity Operates	7		7

Acquisition (Details)

Acquisition (Details) $ / shares in Units, shares in Thousands

Jun. 11, 2019USD ($)

Apr. 30, 2019USD ($)restaurantdirector$ / sharesshares

Oct. 02, 2018USD ($)

Sep. 05, 2018USD ($)

Aug. 21, 2018USD ($)

Feb. 13, 2018USD ($)

Jun. 30, 2019USD ($)restaurant

Jul. 01, 2018USD ($)

Jun. 30, 2019USD ($)

Jul. 01, 2018USD ($)

Dec. 29, 2019USD ($)

Dec. 30, 2018USD ($)restaurant

Business Acquisition [Line Items]

Right of First Refusal, Number of States

20

20

Number of Restaurants Acquired | restaurant

222

Business acquisitions, purchase price

$ 127,980,000

$ 0

Proceeds from sale-leaseback transactions

4,637,000

2,862,000

Goodwill

$ 106,163,000

106,163,000

$ 38,469,000

April 30, 2019 Acquisition 2 [Member]

Business Acquisition [Line Items]

Number of Restaurants Acquired

220

Business Combination, Consideration Transferred

$ 257,500,000

June 11, 2019 Acquisition [Member]

Business Acquisition [Line Items]

Number of Restaurants Acquired

13

Business acquisitions, purchase price

$ 15,788,000

2018 Acquisitions [Member]

Business Acquisition [Line Items]

Number of Restaurants Acquired

44

Business acquisitions, purchase price

$ 38,102,000

Goodwill

$ 1,677,000

February 13, 2018 Acquisition 2 [Member]

Business Acquisition [Line Items]

Number of Restaurants Acquired

1

Business acquisitions, purchase price

$ 0

Franchise rights

$ 300,000

300,000

Liabilities assumed in excess of consideration

200,000

200,000

August 21, 2018 Acquisition 2 [Member]

Business Acquisition [Line Items]

Number of Restaurants Acquired

2

Business acquisitions, purchase price

$ 1,666,000

September 5, 2018 Acquisition 2 [Member]

Business Acquisition [Line Items]

Number of Restaurants Acquired

31

Business acquisitions, purchase price

$ 25,930,000

October 2, 2018 Acquisition [Member]

Business Acquisition [Line Items]

Number of Restaurants Acquired

10

Business acquisitions, purchase price

$ 10,506,000

Agreement And Plan Of Merger - Cambridge Holdings, LLC [Member]

Business Acquisition [Line Items]

Number of Restaurants Acquired | restaurant

132

Franchise rights

144,499,000

144,499,000

Goodwill

67,639,000

67,639,000

Business Combination, Consideration Transferred

$ 257,500,000

Business acquisition, equity interest issued or issuable, number of shares | shares

7,400

Business Combination, Restrictions On Stock, Term Of Restrictions On Sale Or Transfer

2 years

Business Combination, Number Of Director Nominees That May Be Designated By Counterparty | director

2

Number of Restaurants Constructed | restaurant

33

Acquired Restaurants [Member]

Business Acquisition [Line Items]

Restaurant sales

$ 65,700,000

$ 300,000

$ 78,600,000

$ 400,000

Cambridge Holdings, LLC [Member] | Agreement And Plan Of Merger - Cambridge Holdings, LLC [Member]

Business Acquisition [Line Items]

Retirement of Outstanding Indebtedness

$ 112,200,000

Convertible Preferred Stock [Member] | Agreement And Plan Of Merger - Cambridge Holdings, LLC [Member]

Business Acquisition [Line Items]

Convertible preferred stock, shares reserved for future issuance | shares

10

Common Stock [Member]

Business Acquisition [Line Items]

Fair Value of Assets Acquired

$ 14,900,000

Business Acquisition, Purchase Price, Conversion, Closing Price | $ / shares

$ 9.81

Common Stock [Member] | Agreement And Plan Of Merger - Cambridge Holdings, LLC [Member]

Business Acquisition [Line Items]

Business Combination, Consideration Transferred

$ 145,300,000

Convertible preferred stock, shares reserved for future issuance | shares

7,500

Burger King Corporate [Member]

Business Acquisition [Line Items]

Number of Restaurants Acquired | restaurant

165

Popeyes [Member]

Business Acquisition [Line Items]

Number of Restaurants Acquired | restaurant

55

Scenario, Forecast [Member]

Business Acquisition [Line Items]

Number of Restaurants Acquired

277

Business acquisitions, purchase price

$ 311,415,000

Acquisition Net Assets Acquired

Acquisition Net Assets Acquired (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 30, 2018
Business Acquisition [Line Items]
Franchise rights	$ 153,348
Goodwill	106,163	$ 38,469
2019 Acquisition [Member]
Business Acquisition [Line Items]
Inventory	147
Right-of-use assets	9,515
Restaurant equipment	706
Restaurant equipment - subject to finance leases	150
Leasehold improvements	6,205
Franchise fees	358
Franchise rights	8,849
Goodwill	55
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Operating Lease Liabilities	(9,968)
Finance lease liabilities for restaurant equipment	(185)
Accounts payable	(44)
Net assets acquired	15,788
Agreement And Plan Of Merger - Cambridge Holdings, LLC [Member]
Business Acquisition [Line Items]
Inventory	2,865
Other assets	2,230
Land and buildings	19,746
Restaurant equipment	26,729
Right-of-use assets	250,544
Leasehold improvements	3,941
Goodwill	67,639
Right-of-use liabilities	(255,015)
Accounts payable	(5,229)
Net assets acquired	257,525
Prepaid expenses	3,074
Franchise fees	7,308
Franchise rights	144,499
Accrued payroll, related taxes and benefits	(2,990)
Other liabilities	$ (7,816)
2018 Acquisitions [Member]
Business Acquisition [Line Items]
Inventory		401
Restaurant equipment		2,092
Restaurant equipment - subject to finance leases		43
Leasehold improvements		1,329
Franchise fees		1,264
Franchise rights		31,275
Favorable leases		587
Deferred income taxes		346
Goodwill		1,677
Finance lease liabilities for restaurant equipment		(49)
Unfavorable leases		(624)
Accounts payable		(9)
Net assets acquired		$ 38,332

Acquisition Pro Forma Informati

Acquisition Pro Forma Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jul. 01, 2018	Jun. 30, 2019	Jul. 01, 2018
Business Combinations [Abstract]
Business Acquisition, Pro Forma Restaurant Sales	$ 397,213	$ 394,283	$ 764,014	$ 750,412
Business Acquisition, Pro Forma Net Income (Loss)	$ (926)	$ 13,535	$ (8,440)	$ 14,655
Business Acquisition, Pro Forma Earnings Per Share, Basic and Diluted	$ (0.02)	$ 0.30	$ (0.22)	$ 0.32
Acquisition costs	$ 1,400	$ 100	$ 4,000	$ 200

Goodwill (Details)

Goodwill (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jul. 01, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, Impairment Loss	$ 0	$ 0
Goodwill [Roll Forward]
Goodwill, start	38,469
Goodwill, Acquired During Period	67,694
Goodwill, ending	$ 106,163

Franchise Rights (Details)

Franchise Rights (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jul. 01, 2018	Jun. 30, 2019	Jul. 01, 2018
Finite-Lived Intangible Assets [Line Items]
Franchise agreement, term			20 years
Franchise RIghts Rollforward [Abstract]
Balance, beginning			$ 175,897
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 153,348		153,348
Amortization of intangible assets, franchise rights	(2,000)	$ (1,800)	(4,072)	$ (3,600)
Balance, end	325,173		325,173
Franchise Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Impairment of intangible assets (excluding goodwill)	0	$ 0	0	$ 0
Franchise RIghts Rollforward [Abstract]
Amortization expense, expected for full fiscal period	8,300		8,300
Amortization expense, next twelve months	8,300		8,300
Second Fiscal Year	8,400		8,400
Third Fiscal Year	8,400		8,400
Fourth Fiscal Year	8,400		8,400
Fifth Fiscal Year	$ 8,400		$ 8,400

Impairment Of Long-Lived Asse_4

Impairment Of Long-Lived Assets And Other Lease Charges (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)	Jul. 01, 2018USD ($)	Jun. 30, 2019USD ($)	Jul. 01, 2018USD ($)
Impaired Long-Lived Assets Held and Used [Line Items]
Impairment and other lease charges	$ 367	$ 2,881	$ 1,277	$ 3,190
Gain on sale-leaseback transactions	$ 100	600	105
Cambridge Holdings, LLC [Member]
Impaired Long-Lived Assets Held and Used [Line Items]
Impairment and other lease charges			$ 500
Underperforming Restaurants [Member]
Impaired Long-Lived Assets Held and Used [Line Items]
Asset impairment charges, number of restaurants	1		3
Closed Restaurants [Member]
Impaired Long-Lived Assets Held and Used [Line Items]
Impairment and other lease charges				$ 100
Asset impairment charges, number of restaurants			6	2
Defective Product Holding Unit Kitchen Equipment [Member]
Impaired Long-Lived Assets Held and Used [Line Items]
Impairment and other lease charges		1,873
Initial Impairment Charge [Member] | Underperforming Restaurants [Member]
Impaired Long-Lived Assets Held and Used [Line Items]
Impairment and other lease charges	$ 153		$ 863
Previously Impairment Restaurants [Member] | Underperforming Restaurants [Member]
Impaired Long-Lived Assets Held and Used [Line Items]
Impairment and other lease charges	100	$ 394	249
Other Lease Charges [Member] | Underperforming Restaurants [Member]
Impaired Long-Lived Assets Held and Used [Line Items]
Impairment and other lease charges	$ 115
Other Lease Charges [Member] | De-Imaging [Member]
Impaired Long-Lived Assets Held and Used [Line Items]
Impairment and other lease charges			$ 166

Impairment Of Long-Lived Asse_5

Impairment Of Long-Lived Assets And Other Lease Charges Closed Restaurant Reserve Activity (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2017
Restructuring Reserve [Roll Forward]
Closed-restaurant reserve, beginning of the period	$ 1,352
Provisions for restaurant closures	42	$ 249
Changes in estimates of accrued costs	82	(147)
Payments, net	(260)	(889)
Other adjustments, including the effect of discounting future obligations	575	111
Closed-restaurant reserve, end of the period	$ 1,791	$ 2,028

Other Liabilities, Long-Term (D

Other Liabilities, Long-Term (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018	Dec. 30, 2018
Other Liabilities, Noncurrent [Abstract]
Deferred rent	$ 0		$ 16,610
Unfavorable leases, net	0		12,348
Accrual for closed restaurants, long-term	828		3,074
Accrued workers' compensation and general liability claims	4,676		4,398
Deferred compensation	3,799		3,610
Other	592		120
Other Liabilities	9,895		40,160
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Unfavorable leases, accumulated amortization	$ 6,019		$ 6,075
Accounting Standards Update 2016-02 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Unfavorable leases, accumulated amortization		$ 12,300
Deferred Rent, Noncurrent		16,600
Unamortized Lease Incentives, Noncurrent		$ 2,600

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 30, 2018
Leases [Abstract]
Lessee, operating lease, term of contract	20 years
Less: current portion	$ 39,715	$ 0
Lessor, Lease, Description [Line Items]
Operating leases	785,000	0
Lessor, operating lease, lease not yet commenced, assumption and judgment, value of underlying asset, amount	9,700
Operating and Finance Lease, Right of Use Asset	787,904
Finance leases	2,904
Less: current portion	2,261
Operating lease liabilities	777,054	$ 0
Total long-term lease liabilities	1,393
Operating and Finance Lease, Liability	$ 820,423
Operating Lease, Weighted Average Remaining Lease Term	14 years 6 months 12 days
Finance Lease, Weighted Average Remaining Lease Term	1 year 10 months 25 days
Operating Lease, Weighted Average Discount Rate, Percent	7.00%
Weighted Average Discount Rate, Finance Leases	8.00%
Minimum [Member]
Lessor, Lease, Description [Line Items]
Lessee, operating lease, lease not yet commenced, term of contract	5 years
Maximum [Member]
Lessor, Lease, Description [Line Items]
Lessee, operating lease, lease not yet commenced, term of contract	20 years

Leases - Cost (Details)

Leases - Cost (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Loans and Leases Receivable Disclosure [Line Items]
Variable lease cost	$ 4,290	$ 8,090
Sublease income	(143)	(321)
Amortization of right-of-use assets	523	999
Interest on lease liabilities	64	135
Total lease cost	27,425	49,962
Restaurant Rent Expense [Member]
Loans and Leases Receivable Disclosure [Line Items]
Operating lease cost	22,543	40,837
General and Administrative Expense [Member]
Loans and Leases Receivable Disclosure [Line Items]
Operating lease cost	$ 148	$ 222

Leases - Position (Details)

Leases - Position (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 30, 2018
Leases [Abstract]
Operating leases	$ 785,000	$ 0
Finance leases	2,904
Total leased assets	787,904
Current, Operating leases	39,715	0
Less: current portion	2,261
Operating lease liabilities	777,054	$ 0
Long-term, Finance leases	1,393
Total lease liabilities	$ 820,423
Weighted Average Remaining Lease Term, Operating Lease	14 years 6 months 12 days
Weighted Average Remaining Lease Term, Finance Lease	1 year 10 months 25 days
Weighted Average Discount Rate, Operating Leases	7.00%
Weighted Average Discount Rate, Finance Leases	8.00%

Leases - Other Information (Det

Leases - Other Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jul. 01, 2018	Jun. 30, 2019	Jul. 01, 2018
Leases [Abstract]
Gain on sale-leaseback transactions	$ 100	$ 600	$ 105
Operating cash flows from operating leases			36,006
Operating cash flows from finance leases			135
Financing cash flows from finance leases			$ 981	$ 888

Leases - Maturities Of Lease Li

Leases - Maturities Of Lease Liabilities 842 (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 30, 2018
Operating Leases
December 29, 2019	$ 47,846
January 3, 2021	93,769
January 2, 2022	92,202
January 1, 2023	91,415
December 31, 2023	90,493
Thereafter	907,550
Total minimum lease payments	1,323,275
Less: imputed interest	(506,506)
Present value of lease liabilities	816,769
Less: current portion	(39,715)	$ 0
Total long-term lease liabilities	777,054	$ 0
Finance Leases
December 29, 2019	1,244
January 3, 2021	1,755
January 2, 2022	583
January 1, 2023	240
December 31, 2023	68
Thereafter	129
Total minimum lease payments	4,019
Less: imputed interest	(365)
Present value of lease liabilities	3,654
Less: current portion	(2,261)
Total long-term lease liabilities	$ 1,393

Leases - Maturities Of Lease _2

Leases - Maturities Of Lease Liabilities 840 (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 30, 2018
Operating Leases
Total obligations under capital leases	$ 3,654	$ 3,941

Long-Term Debt Debt Balances (D

Long-Term Debt Debt Balances (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 30, 2018
Debt Instrument [Line Items]
Total obligations under capital leases	$ 3,654	$ 3,941
Long-term Debt	453,654	278,941
Less: current portion	(6,512)	(1,948)
Less: deferred financing costs	(8,519)	(3,673)
Debt Instrument, Unamortized Discount	(2,082)	0
Add: bond premium	0	3,503
Long-term debt, net of current portion	436,541	276,823
Term Loan B Facility [Member]
Debt Instrument [Line Items]
Long-term Line of Credit	425,000	0
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Long-term Line of Credit	25,000	0
Senior Secured Credit Facility [Member]
Debt Instrument [Line Items]
Long-term Line of Credit	$ 0	$ 275,000

Long-Term Debt Narrative (Detai

Long-Term Debt Narrative (Details)	Apr. 30, 2026USD ($)	Apr. 30, 2019USD ($)Rate	Jun. 30, 2019USD ($)Rate	Jul. 01, 2018USD ($)	Jun. 28, 2015USD ($)	Jun. 30, 2019USD ($)Rate	Jul. 01, 2018USD ($)	Sep. 30, 2019USD ($)	Dec. 30, 2018USD ($)	Apr. 01, 2018Rate
Debt Instrument, Redemption [Line Items]
Gain (Loss) on Extinguishment of Debt			$ (7,443,000)	$ 0		$ (7,443,000)	$ 0
Redemption Premium		$ 275,000,000
Senior Secured Second Lien Notes, Interest Rate | Rate			8.00%			8.00%
Line of Credit Facility, Current Borrowing Capacity			$ 73,000,000			$ 73,000,000
Proceeds from Issuance of Debt				$ 75,000,000	$ 200,000,000
Debt Issuance Costs, Net			8,519,000			8,519,000			$ 3,673,000
Letters of Credit Outstanding, Amount			11,700,000			11,700,000
Line of Credit Facility, Remaining Borrowing Capacity			88,300,000			$ 88,300,000
Debt Instrument, Redemption, Period Three [Member]
Debt Instrument, Redemption [Line Items]
Senior Notes, Redemption Price | Rate						102.00%
Senior Secured Credit Facility [Member]
Debt Instrument, Redemption [Line Items]
Line of credit facility, maximum borrowing capacity		550,000,000
Long-term Line of Credit			0			$ 0			275,000,000
Term Loan B Facility [Member]
Debt Instrument, Redemption [Line Items]
Line of credit facility, maximum borrowing capacity		425,000,000
Proceeds from Issuance of Debt		422,900,000
Long-term Line of Credit			425,000,000			425,000,000			0
Revolving Credit Facility [Member]
Debt Instrument, Redemption [Line Items]
Line of credit facility, maximum borrowing capacity		$ 125,000,000
Long-term Line of Credit			$ 25,000,000			$ 25,000,000			$ 0
Base Rate [Member]
Debt Instrument, Redemption [Line Items]
Debt Instrument, Interest Rate, Stated Percentage | Rate		2.25%
London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Redemption [Line Items]
Debt Instrument, Interest Rate, Stated Percentage | Rate		3.25%
Base Rate [Member]
Debt Instrument, Redemption [Line Items]
Line of Credit Facility, Interest Rate at Period End | Rate										2.25%
London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Redemption [Line Items]
Line of Credit Facility, Interest Rate at Period End | Rate			3.25%			3.25%
Scenario, Forecast [Member] | Term Loan B Facility [Member]
Debt Instrument, Redemption [Line Items]
Debt, Number of Payments								27
Repayment of Debt, Quarterly Payment								$ 1,100,000
Repayments of Debt	$ 396,300,000
Letter of Credit [Member]
Debt Instrument, Redemption [Line Items]
Line of Credit Facility, Current Borrowing Capacity			$ 20,000,000			$ 20,000,000
Minimum [Member] | Base Rate [Member]
Debt Instrument, Redemption [Line Items]
Debt Instrument, Interest Rate, Stated Percentage | Rate			1.75%			1.75%
Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Redemption [Line Items]
Debt Instrument, Interest Rate, Stated Percentage | Rate			2.75%			2.75%
Maximum [Member] | Base Rate [Member]
Debt Instrument, Redemption [Line Items]
Debt Instrument, Interest Rate, Stated Percentage | Rate			2.75%			2.75%
Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Redemption [Line Items]
Debt Instrument, Interest Rate, Stated Percentage | Rate			3.75%			3.75%

Income Taxes Schedule of Compon

Income Taxes Schedule of Components of Income Tax Expense (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jul. 01, 2018	Jun. 30, 2019	Jul. 01, 2018
Income Tax Disclosure [Abstract]
Current	$ 53,000	$ 57,000	$ 65,000	$ 160,000
Deferred	(8,561,000)	279,000	(8,219,000)	38,000
Provision (benefit) for income taxes	$ (8,508,000)	$ 336,000	$ (8,154,000)	$ 198,000

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jul. 01, 2018	Jun. 30, 2019	Jul. 01, 2018	Dec. 30, 2018
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, Percent	35.10%	1.50%	35.10%	1.50%
Effective Income Tax Rate Reconciliation, Tax Credit, Other, Amount			$ 100	$ 100
Operating Loss Carryforwards	$ 89,600		89,600
Unrecognized Tax Benefits	0		0		$ 0
Unrecognized Tax Benefits, Interest on Income Taxes Accrued	$ 0		$ 0		$ 0

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jul. 01, 2018	Jun. 30, 2019	Jul. 01, 2018	Jan. 15, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 1,282	$ 1,385	$ 2,808	$ 2,970
Unrecognized Stock-Based Compensation Expense, Non-vested Shares	7,600		$ 7,600
Weighted Average Remaining Vesting Period, Non-Vested Shares			1 year 10 months 12 days
Expected Stock-Based Compensation, Remainder of Fiscal Year	$ 2,800		$ 2,800
Certain Employees and Officers [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant					417,500
Outside Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant					47,470

Stock-Based Compensation Summar

Stock-Based Compensation Summary of Non-Vested Stock Activity (Details)	6 Months Ended
	Jun. 30, 2019$ / sharesshares
Nonvested share activity [Roll Forward]
Nonvested, beginning of period | shares	796,476
Weighted Average Grant Date Price, beginning of period | $ / shares	$ 13.12
Granted | shares	468,199
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares	$ 9.48
Vested Shares | shares	374,302
Weighted Average Grant Date Price, Vested Shares | $ / shares	$ 12.66
Nonvested, end of period | shares	890,373
Weighted Average Grant Date Price, end of period | $ / shares	$ 11.40

Commitments And Contingencies_2

Commitments And Contingencies (Details)	3 Months Ended	6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019USD ($)
Guarantor Obligations [Line Items]
Maximum potential future undiscounted rental payments	$ 13,800,000	$ 13,800,000
Guarantor Obligations, Payments Made	$ 0
Guarantor Obligations, Expected Future Payments		$ 0
Property Lease Guarantee [Member]
Guarantor Obligations [Line Items]
Property leases	27	27
Property leases, still in operation	1	1
Primary Lessee [Member]
Guarantor Obligations [Line Items]
Property leases	5	5

Transactions with Related Par_2

Transactions with Related Parties (Details) $ in Thousands	Apr. 30, 2019staterestaurant	Jun. 30, 2019USD ($)Rateshares	May 20, 2024USD ($)	May 01, 2019staterestaurant	Dec. 30, 2018shares
Related Party Transaction [Line Items]
Right of First Refusal, Number of States		20
Franchise Rights, Right Of First Refusal, Number Of Quarterly Payments	4
Preferred stock, shares issued | shares		100			100
Board of directors, number of members		2
Franchise agreement, term		20 years
Accounts payable to BKC		$ 10,100
Arbitration Settlement		$ 1,900
Affiliated Entity [Member]
Related Party Transaction [Line Items]
Preferred stock, ownership percentage if converted | Rate		15.40%
Initial Franchise Fees		$ 50
Franchise Term		20 years
Property leases		249
BKC Subleases with third-party lessor [Member] | Affiliated Entity [Member]
Related Party Transaction [Line Items]
Property leases		115
Burger King Corporate [Member]
Related Party Transaction [Line Items]
Accounts payable to BKC		$ 1,500
Area Development And Remodeling Agreement [Member]
Related Party Transaction [Line Items]
Right of First Refusal, Number of States | state	16			2
Right of first refusal, number of counties | state	4
Right of first refusal, number of franchises | restaurant	500
Franchise agreement, number of restaurants to be remodeled | restaurant				80
Franchise Agreement, Number Of Restaurants To Be Built, Year Six		6 years
Royalty Agreement Terms [Member] | Burger King Corporate [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Rate | Rate		4.50%
Royalty Agreement Terms [Member] | Popeyes [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Rate | Rate		5.00%
Scenario, Forecast [Member] | Area Development And Remodeling Agreement [Member]
Related Party Transaction [Line Items]
Franchise rights, right of first refusal, quarterly payments			$ 3,000

Transactions with Related Par_3

Transactions with Related Parties Expense Disclosures (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)Rate	Jul. 01, 2018USD ($)	Jun. 30, 2019USD ($)Rate	Jul. 01, 2018USD ($)
Affiliated Entity [Member]
Related Party Transaction [Line Items]
Royalty Expense | $	$ 15.6	$ 13	$ 28	$ 24.5
Advertising Expense | $	$ 14.4	$ 12.1	$ 25.8	23
Property leases	249		249
Operating Leases, Rent Expense | $	$ 6.8		$ 13.6	$ 13.5
Selling and Marketing Expense [Member] | Affiliated Entity [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Rate | Rate	4.00%
BKC Subleases with third-party lessor [Member] | Affiliated Entity [Member]
Related Party Transaction [Line Items]
Property leases	115		115
Burger King Corporate [Member] | Royalty Agreement Terms [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Rate | Rate			4.50%
Popeyes [Member] | Royalty Agreement Terms [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Rate | Rate			5.00%

Preferred Stock (Details)

Preferred Stock (Details)	6 Months Ended
	Jun. 30, 2019shares
Class of Stock [Line Items]
Equity, Conversion Rate	24.00%
Series C Preferred Stock [Member]
Class of Stock [Line Items]
Issuance (in shares)	10,000
Preferred stock, dividend rate, percentage	9.00%
Common Stock [Member]
Class of Stock [Line Items]
Issuance (in shares)	7,400,000
Cambridge Holdings, LLC [Member] | Series C Preferred Stock [Member]
Class of Stock [Line Items]
Issuance (in shares)	10,000

Net Loss Per Share (Details)

Net Loss Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jul. 01, 2018	Apr. 01, 2018	Jun. 30, 2019	Jul. 01, 2018
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income	$ (3,732)	$ (11,469)	$ 7,788	$ (3,102)	$ (15,201)	$ 4,686
Weighted Average Number of Shares Outstanding, Basic	41,051,354		35,720,243		38,548,246	35,693,027
Weighted Average Number Diluted Shares Outstanding Adjustment	0		9,481,023		0	9,541,577
Basic net income (loss) per share	$ (0.09)		$ 0.17		$ (0.39)	$ 0.10
Shares used in computing diluted net income (loss) per share	41,051,354		45,201,266		38,548,246	45,234,604
Diluted net income (loss) per share	$ (0.09)		$ 0.17		$ (0.39)	$ 0.10
Shares excluded from diluted net loss per share computations	17,755,355		0		17,755,355	0
Net Income (Loss) Available to Common Stockholders, Basic	$ (3,732)		$ 6,053		$ (15,201)	$ 3,642
Restricted Stock [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic	0		139		0	83
Preferred Stock [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic	0		1,596		$ 0	$ 961
Retained Earnings [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income	$ (3,732)		$ 7,788	$ (3,102)

Other Expense (Income) (Details

Other Expense (Income) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jul. 01, 2018	Jun. 30, 2019	Jul. 01, 2018
Other Income and Expenses [Abstract]
Other Operating Income (Expense), Net	$ (376)	$ 0	$ 1,753	$ 0
Loss on Disposal of Restaurant Equipment	500
Gain on sale-leaseback transactions	$ 100	$ 600	105
Other Income			1,800
Litigation Settlement, Amount Awarded from Other Party			1,900
Sale Leaseback Transaction, Gross Proceeds, Investing Activities			100
Gain on insurance recovery			$ 100

Subsequent Events (Details)

Subsequent Events (Details) shares in Millions	Aug. 02, 2019shares
Common Stock [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Stock Repurchase Program, Number of Shares Authorized to be Repurchased	25

Uncategorized Items - tast-2019

Label	Element	Value
Retained Earnings [Member]
Stockholders' Equity Attributable to Parent	us-gaap_StockholdersEquity	$ 35,511,000
Common Stock [Member]
Common Stock, Shares, Outstanding	us-gaap_CommonStockSharesOutstanding	35,742,427
Stockholders' Equity Attributable to Parent	us-gaap_StockholdersEquity	$ 357,000
Treasury Stock [Member]
Stockholders' Equity Attributable to Parent	us-gaap_StockholdersEquity	$ (141,000)
Preferred Stock [Member]
Common Stock, Shares, Outstanding	us-gaap_CommonStockSharesOutstanding	100
Stockholders' Equity Attributable to Parent	us-gaap_StockholdersEquity	$ 0
AOCI Attributable to Parent [Member]
Stockholders' Equity Attributable to Parent	us-gaap_StockholdersEquity	(646,000)
Additional Paid-in Capital [Member]
Stockholders' Equity Attributable to Parent	us-gaap_StockholdersEquity	$ 150,459,000