Papa John's International (PZZA) 10-K 8 Mar 19 2018 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 30, 2018	Mar. 04, 2019	Jul. 01, 2018
Document and Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	FY
Trading Symbol	PZZA
Entity Registrant Name	PAPA JOHNS INTERNATIONAL INC
Entity Central Index Key	901,491
Current Fiscal Year End Date	--12-30
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Common Stock, Shares Outstanding		31,642,269
Entity Public Float			$ 1,120,697,454
Entity Shell Company	false

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands	3 Months Ended								12 Months Ended
	Dec. 30, 2018	Sep. 30, 2018	Jul. 01, 2018	Apr. 01, 2018	Dec. 31, 2017	Sep. 24, 2017	Jun. 25, 2017	Mar. 26, 2017	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Revenues:
Total revenues	$ 373,981,000	$ 364,007,000	$ 407,959,000	$ 427,369,000	$ 467,606,000	$ 431,709,000	$ 434,778,000	$ 449,266,000	$ 1,573,316,000	$ 1,783,359,000	$ 1,713,620,000
Costs and expenses:
General and administrative expenses									192,551,000	150,866,000	158,135,000
Depreciation and amortization									46,403,000	43,668,000	40,987,000
Total costs and expenses									1,542,647,000	1,630,668,000	1,559,319,000
Refranchising and impairment gains/(losses), net									(289,000)	(1,674,000)	10,222,000
Operating income	(8,314,000)	(13,990,000)	25,367,000	27,317,000	36,604,000	33,515,000	37,217,000	43,681,000	30,380,000	151,017,000	164,523,000
Legal settlement											898,000
Investment income									817,000	608,000	785,000
Interest expense									(25,306,000)	(11,283,000)	(7,397,000)
Income before income taxes									5,891,000	140,342,000	158,809,000
Income tax expense									2,646,000	33,817,000	49,717,000
Net income before attribution to noncontrolling interests									3,245,000	106,525,000	109,092,000
Income attributable to noncontrolling interests									(1,599,000)	(4,233,000)	(6,272,000)
Net income attributable to the Company	(13,849,000)	(13,033,000)	11,791,000	16,737,000	28,509,000	21,817,000	23,538,000	28,428,000	1,646,000	102,292,000	102,820,000
Calculation of income for earnings per share:
Net income attributable to the Company	$ (13,849,000)	$ (13,033,000)	$ 11,791,000	$ 16,737,000	$ 28,509,000	$ 21,817,000	$ 23,538,000	$ 28,428,000	1,646,000	102,292,000	102,820,000
Change in noncontrolling interest redemption value										1,419,000	567,000
Net income attributable to participating securities										(423,000)	(420,000)
Net income attributable to common shareholders									$ 1,646,000	$ 103,288,000	$ 102,967,000
Basic earnings per common share	$ (0.44)	$ (0.41)	$ 0.37	$ 0.50	$ 0.82	$ 0.61	$ 0.66	$ 0.78	$ 0.05	$ 2.86	$ 2.76
Diluted earnings per common share	(0.44)	(0.41)	0.36	0.50	0.81	0.60	0.65	0.77	$ 0.05	$ 2.83	$ 2.74
Basic weighted average common shares outstanding									32,083	36,083	37,253
Diluted weighted average common shares outstanding									32,299	36,522	37,608
Dividends declared per common share	$ 0.225	$ 0.225	$ 0.225	$ 0.225	$ 0.225	$ 0.225	$ 0.200	$ 0.200	$ 0.90	$ 0.85	$ 0.75
Domestic Company-owned restaurants
Revenues:
Total revenues									$ 692,380,000	$ 816,718,000	$ 815,931,000
Costs and expenses:
Operating costs (excluding depreciation and amortization shown separately below):									576,799,000	664,640,000	651,536,000
Refranchising and impairment gains/(losses), net									300,000		11,600,000
North America franchising
Revenues:
Total revenues									79,293,000	106,729,000	102,980,000
North America commissary
Revenues:
Total revenues									609,866,000	673,712,000	623,883,000
Costs and expenses:
Operating costs (excluding depreciation and amortization shown separately below):									575,103,000	631,537,000	579,834,000
International
Revenues:
Total revenues									110,349,000	114,021,000	100,904,000
Costs and expenses:
Operating costs (excluding depreciation and amortization shown separately below):									67,775,000	70,622,000	62,574,000
Other segment
Revenues:
Total revenues									81,428,000	72,179,000	69,922,000
Costs and expenses:
Operating costs (excluding depreciation and amortization shown separately below):									$ 84,016,000	$ 69,335,000	$ 66,253,000

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Consolidated Statements of Comprehensive Income
Net income before attribution to noncontrolling interests	$ 3,245	$ 106,525	$ 109,092
Other comprehensive (loss) income, before tax:
Foreign currency translation adjustments	(4,903)	4,570	(7,922)
Interest rate swaps	4,254	1,421	1,492
Other comprehensive (loss) income, before tax	(649)	5,991	(6,430)
Income tax effect:
Foreign currency translation adjustments	1,110	(1,691)	2,931
Interest rate swaps	(1,032)	(530)	(552)
Income tax effect	78	(2,221)	2,379
Other comprehensive (loss) income, net of tax	(571)	3,770	(4,051)
Comprehensive income before attribution to noncontrolling interests	2,674	110,295	105,041
Less: comprehensive loss (income), redeemable noncontrolling interests	488	(2,195)	(3,665)
Less: comprehensive income, nonredeemable noncontrolling interests	(2,087)	(2,038)	(2,607)
Comprehensive income attributable to the Company	$ 1,075	$ 106,062	$ 98,769

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parenthetical) $ in Thousands	Jun. 15, 2018USD ($)restaurant	Apr. 01, 2018USD ($)	Dec. 30, 2018USD ($)restaurant	Dec. 31, 2017USD ($)	Dec. 25, 2016USD ($)
Consolidated Statements of Comprehensive Income (Unaudited)
Net Interest expense			$ 25,306	$ 11,283	$ 7,397
Income tax effects			$ 2,646	33,817	49,717
Stores in Beijing and Tianjin, China
Consolidated Statements of Comprehensive Income (Unaudited)
Number of restaurants divested | restaurant	34		34
Reversal of accumulated other comprehensive income related to foreign currency translation	$ 1,300		$ 1,300
Reversal of deferred tax related to foreign currency translation on refranchised stores	$ 300
Amount reclassified from AOCL | ASU 2018-02
Consolidated Statements of Comprehensive Income (Unaudited)
Income tax effects		$ 455
Qualifying as hedges | Interest rate swap | Amount reclassified from AOCL
Consolidated Statements of Comprehensive Income (Unaudited)
Net Interest expense			22	421	1,161
Income tax effects			$ 5	$ 156	$ 429

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 30, 2018	Jan. 02, 2018	Dec. 31, 2017	Dec. 25, 2016	Dec. 27, 2015
Current assets:
Cash and cash equivalents	$ 19,468	$ 26,624	$ 22,345
Accounts receivable (less allowance for doubtful accounts of $2,117 in 2018 and $2,271 in 2017)	67,785	65,051	64,558
Accounts receivable - affiliates (no allowance for doubtful accounts in 2018 and 2017)	69	86	86
Notes receivable (no allowance for doubtful accounts in 2018 and 2017)	5,498	4,333	4,333
Income tax receivable	16,073	3,903	3,903
Inventories	27,203	30,620	30,620
Prepaid expenses	29,935	23,563	28,522
Other current assets	5,677	9,494	9,494
Assets held for sale		6,133	6,133
Total current assets	171,708	169,807	169,994
Property and equipment, net	226,894	234,331	234,331	$ 230,473
Notes receivable, less current portion (less allowance for doubtful accounts of $3,369 in 2018 and $1,047 in 2017)	23,259	15,568	15,568
Goodwill	84,516	86,892	86,892	85,529
Deferred income taxes, net	756	585	585
Other assets	63,814	47,276	48,183
Total assets	570,947	554,459	555,553
Current liabilities:
Accounts payable	29,891	29,845	32,006
Income and other taxes payable	6,590	10,561	10,561
Accrued expenses and other current liabilities	105,712	86,153	70,293
Deferred revenue current	2,443	2,400
Current portion of long-term debt	20,000	20,000	20,000
Total current liabilities	164,636	148,959	132,860
Deferred revenue	14,679	13,450	2,652
Long-term debt, less current portion, net	601,126	446,565	446,565
Deferred income taxes, net	7,852	6,082	12,546
Other long-term liabilities	79,324	60,146	60,146
Total liabilities	867,617	675,202	654,769
Redeemable noncontrolling interests	5,464	6,738	6,738
Stockholders’ (deficit):
Preferred stock ($0.01 par value per share; no shares issued)
Common stock ($0.01 par value per share; issued 44,301 at December 30, 2018 and 44,221 at December 31, 2017)	443	442	442
Additional paid-in capital	192,984	184,785	184,785
Accumulated other comprehensive (loss)	(3,143)	(2,117)	(2,117)	(5,887)
Retained earnings	244,061	270,724	292,251
Treasury stock (12,929 shares at December 30, 2018 and 10,290 shares at December 31, 2017, at cost)	(751,704)	(597,072)	(597,072)
Total stockholders’ (deficit)	(317,359)	(143,238)	(121,711)
Noncontrolling interests in subsidiaries	15,225	15,757	15,757
Total stockholders’ (deficit)	(302,134)	(127,481)	(105,954)	$ 9,801	$ 42,206
Total liabilities, redeemable noncontrolling interests and stockholders’ (deficit)	$ 570,947	$ 554,459	$ 555,553

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Consolidated Balance Sheets
Accounts receivable, allowance for doubtful accounts	$ 2,117	$ 2,271
Accounts receivable - affiliates, allowance for doubtful accounts	0	0
Notes receivable, allowance for doubtful accounts	0	0
Notes receivable, less current portion, allowance for doubtful accounts	$ 3,369	$ 1,047	$ 2,759
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares issued	44,301,000	44,221,000
Treasury stock, shares	12,929,000	10,290,000

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Deficit) - USD ($) $ in Thousands	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings	Treasury Stock	Noncontrolling Interests in Subsidiaries	Total
Balance at Dec. 27, 2015	$ 437	$ 158,348	$ (1,836)	$ 143,789	$ (271,557)	$ 13,025	$ 42,206
Balance (in shares) at Dec. 27, 2015	38,423,000
Net income				102,820		2,607	105,427
Other comprehensive income (loss)			(4,051)				(4,051)
Cash dividends paid		119		(27,898)			(27,779)
Exercise of stock options	$ 3	7,056					$ 7,059
Exercise of stock options (in shares)	334,000						478,000
Tax effect of equity awards		(7)					$ (7)
Acquisition of Company common stock					(122,381)		(122,381)
Acquisition of Company common stock (in shares)	(2,145,000)
Stock-based compensation expense		10,123					10,123
Issuance of restricted stock	$ 1	(2,975)			2,974
Issuance of restricted stock (in shares)	58,000
Change in redemption value of noncontrolling interests				567			567
Contributions from noncontrolling interests						690	690
Distributions to noncontrolling interests						(2,610)	(2,610)
Other		(91)			648		557
Other (in shares)	13,000
Balance at Dec. 25, 2016	$ 441	172,573	(5,887)	219,278	(390,316)	13,712	9,801
Balance (in shares) at Dec. 25, 2016	36,683,000
Net income				102,292		2,038	104,330
Other comprehensive income (loss)			3,770				3,770
Cash dividends paid		136		(30,728)			(30,592)
Exercise of stock options	$ 1	6,259					$ 6,260
Exercise of stock options (in shares)	147,000						147,000
Tax effect of equity awards		(2,428)					$ (2,428)
Acquisition of Company common stock					(209,586)		(209,586)
Acquisition of Company common stock (in shares)	(2,960,000)
Stock-based compensation expense		10,413					10,413
Issuance of restricted stock		(2,427)			2,427
Issuance of restricted stock (in shares)	54,000
Change in redemption value of noncontrolling interests				1,419			1,419
Contributions from noncontrolling interests						2,956	2,956
Distributions to noncontrolling interests						(2,949)	(2,949)
Other		259		(10)	403		652
Other (in shares)	7,000
Balance at Dec. 31, 2017	$ 442	184,785	(2,117)	292,251	(597,072)	15,757	(105,954)
Balance (in shares) at Dec. 31, 2017	33,931,000
Cumulative effect of adoption of ASU 2014-09				(21,528)			(21,528)
Adjusted balance	$ 442	184,785	(2,117)	270,723	(597,072)	15,757	(127,482)
Net income				1,646		1,874	3,520
Other comprehensive income (loss)			(571)				(571)
Adoption of ASU 2018-02			(455)	455
Cash dividends paid		145		(28,944)			(28,799)
Exercise of stock options	$ 1	2,698					$ 2,699
Exercise of stock options (in shares)	75,000						75,000
Tax effect of equity awards		(1,521)					$ (1,521)
Acquisition of Company common stock					(158,049)		(158,049)
Acquisition of Company common stock (in shares)	(2,697,000)
Stock-based compensation expense		9,936					9,936
Issuance of restricted stock		(3,005)			3,005
Issuance of restricted stock (in shares)	56,000
Distributions to noncontrolling interests						(2,406)	(2,406)
Other		(54)		181	412		539
Other (in shares)	7,000
Balance at Dec. 30, 2018	$ 443	$ 192,984	$ (3,143)	$ 244,061	$ (751,704)	$ 15,225	$ (302,134)
Balance (in shares) at Dec. 30, 2018	31,372,000

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Deficit) (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Consolidated Statements of Stockholders' Equity (Deficit)
Income attributable to noncontrolling interests	$ 1,599	$ 4,233	$ 6,272
Accumulated other comprehensive loss	(3,143)	(2,117)	(5,887)
Unrealized foreign currency translation gains (losses)	(6,859)	(2,523)	(5,402)
Net unrealized gain (loss) on the interest rate swap agreements	$ 3,716	$ 406	$ (485)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Operating activities
Net income before attribution to noncontrolling interests	$ 3,245	$ 106,525	$ 109,092
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for uncollectible accounts and notes receivable	4,761	29	409
Depreciation and amortization	46,403	43,668	40,987
Deferred income taxes	1,705	498	11,624
Stock-based compensation expense	9,936	10,413	10,123
Loss (gain) on refranchising	289		(11,572)
Impairment loss		1,674	1,350
Other	5,677	3,375	3,337
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	1,386	(7,358)	1,557
Income tax receivable	(12,170)	(1,531)	4,100
Inventories	3,093	(5,485)	(3,639)
Prepaid expenses	(2,165)	(4,414)	(3,826)
Other current assets	4,834	(1,158)	616
Other assets and liabilities	1,464	(742)	(6,269)
Accounts payable	(1,694)	(8,743)	(916)
Income and other taxes payable	(3,971)	1,897	9
Accrued expenses and other current liabilities	10,273	(3,012)	(7,960)
Deferred revenue	(271)	(661)	1,235
Net cash provided by operating activities	72,795	134,975	150,257
Investing activities
Purchases of property and equipment	(42,028)	(52,593)	(55,554)
Loans issued	(10,463)	(8,103)	(3,210)
Repayments of loans issued	5,805	4,185	8,569
Acquisitions, net of cash acquired		(21)	(13,352)
Proceeds from divestitures of restaurants	7,707		16,844
Other	180	34	429
Net cash used in investing activities	(38,799)	(56,498)	(46,274)
Financing activities
Proceeds from issuance of term loan		400,000
Repayments of term loan	(20,000)	(5,000)
Net proceeds (repayments) of revolving credit facility	175,000	(225,575)	44,575
Debt issuance costs	(1,913)	(3,181)
Cash dividends paid	(28,985)	(30,720)	(27,896)
Tax payments for equity award issuances	(1,521)	(2,428)	(6,024)
Proceeds from exercise of stock options	2,699	6,260	7,060
Acquisition of Company common stock	(158,049)	(209,586)	(122,381)
Contributions from noncontrolling interest holders		2,956	690
Distributions to noncontrolling interest holders	(4,269)	(5,449)	(5,610)
Other	356	663	556
Net cash used in financing activities	(36,682)	(72,060)	(109,030)
Effect of exchange rate changes on cash and cash equivalents	(191)	365	(396)
Change in cash and cash equivalents	(2,877)	6,782	(5,443)
Cash and cash equivalents at beginning of period	22,345	15,563	21,006
Cash and cash equivalents at end of period	$ 19,468	$ 22,345	$ 15,563

Description of Business

Description of Business	12 Months Ended
	Dec. 30, 2018
Description of Business
Description of Business	1. Description of Business Papa John’s International, Inc. (referred to as the “Company,” “Papa John’s” or in the first person notations of “we,” “us” and “our”), operates and franchises pizza delivery and carryout restaurants under the trademark “Papa John’s,” in all 50 states and in 46 international countries and territories as of December 30, 2018. Substantially all revenues are derived from retail sales of pizza and other food and beverage products by Company-owned restaurants, franchise royalties, sales of franchise and development rights, and sales to franchisees of food and paper products, printing and promotional items and information systems and related services used in their operations.

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Dec. 30, 2018
Significant Accounting Policies
Significant Accounting Policies	2. Significant Accounting Policies Principles of Consolidation The accompanying Consolidated Financial Statements include the accounts of Papa John’s and its subsidiaries. All intercompany balances and transactions have been eliminated. Variable Interest Entity Papa John’s domestic restaurants, both Company-owned and franchised, participate in Papa John’s Marketing Fund, Inc. (“PJMF”), a nonstock corporation designed to operate at break-even for the purpose of designing and administering advertising and promotional programs for all participating domestic restaurants. PJMF is a variable interest entity (“VIE”) as it does not have sufficient equity to fund its operations without ongoing financial support and contributions from its members. Based on the ownership and governance structure and operating procedures of PJMF, we have determined that we do not have the power to direct the most significant activities of PJMF and are therefore not the primary beneficiary. Accordingly, consolidation of PJMF is not appropriate . Fiscal Year Our fiscal year ends on the last Sunday in December of each year. All fiscal years presented consist of 52 weeks except for the 2017 fiscal year, which consisted of 53 weeks. Use of Estimates The preparation of Consolidated Financial Statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and accompanying notes. Significant items that are subject to such estimates and assumptions include allowance for doubtful accounts and notes receivable, intangible assets, contract assets and contract liabilities including the online customer loyalty program obligation, insurance reserves and tax reserves. Although management bases its estimates on historical experience and assumptions that are believed to be reasonable under the circumstances, actual results could significantly differ from these estimates. Revenue Recognition Revenue is measured based on consideration specified in contracts with customers and excludes waivers or incentives and amounts collected on behalf of third parties, primarily sales tax. The Company recognizes revenue when it satisfies a performance obligation by transferring control over a product or service to a customer. Taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction, that are collected by the Company from a customer, are excluded from revenue. Delivery costs, including freight associated with our domestic commissary and other sales, are accounted for as fulfillment costs and are included in operating costs. As further described in Accounting Standards Adopted and Note 3, the Company adopted ASC Topic 606, “Revenue from Contracts with Customers” (“Topic 606”), in the first quarter of 2018. Prior year revenue recognition follows ASC Topic 605, “Revenue Recognition.” The following describes principal activities, separated by major product or service, from which the Company generates its revenues: Company-owned Restaurant Sales The domestic and international Company-owned restaurants principally generate revenue from retail sales of high-quality pizza, side items including breadsticks, cheesesticks, chicken poppers and wings, dessert items and canned or bottled beverages. Revenues from Company-owned restaurants are recognized when the products are delivered to or carried out by customers. Our North American customer loyalty program, Papa Rewards, is a spend-based program that rewards customers with points for each online purchase. Papa Rewards points are accumulated and redeemed. During the fourth quarter of 2018, the program transitioned from product based rewards to dollar off discounts (“Papa Dough”) which can be used on future purchases within a six month expiration window. The accrued liability in the Consolidated Balance Sheets, and corresponding reduction of Company-owned restaurant sales in the Consolidated Statements of Operations, is for the estimated reward redemptions at domestic Company-owned restaurants based upon estimated redemption patterns. Currently, the liability related to Papa Rewards is calculated using the estimated redemption value for which the points and accumulated rewards are expected to be redeemed. Revenue is recognized when the customer redeems the Papa Dough reward. Prior to the adoption of Topic 606, the liability related to Papa Rewards was estimated using the incremental cost accrual model which was based on the expected cost to satisfy the award and the corresponding expense was recorded in general and administrative expenses in the Consolidated Statements of Operations. Franchise Royalties and Fees Franchise royalties which are based on a percentage of franchise restaurant sales are recognized as sales occur. Any royalty reductions, including waivers or those offered as part of a new store development incentive or as incentive for other behaviors including acceleration of restaurant remodels or equipment upgrades, are recognized at the same time as the related royalty as they are not separately distinguishable from the full royalty rate. Franchise royalties are billed on a monthly basis. The majority of initial franchise license fees and area development exclusivity fees are from international locations. Initial franchise license fees are billed at the store opening date. Area development exclusivity fees are billed upon execution of the development agreements which grant the right to develop franchised restaurants in future periods in specific geographic areas. Area development exclusivity fees are included in deferred revenue in the Consolidated Balance Sheets and allocated on a pro rata basis to all stores opened under that specific development agreement. The pre-opening services provided to franchisees do not contain separate and distinct performance obligations from the franchise right; thus, the fees collected will be amortized on a straight-line basis beginning at the store opening date through the term of the franchise agreement, which is typically 10 years. Franchise license renewal fees for both domestic and international locations, which generally occur every 10 years, are billed before the renewal date. Fees received for future license renewal periods are amortized over the life of the renewal period. For periods prior to adoption of Topic 606, revenue was recognized when we performed our obligations related to such fees, primarily the store opening date for initial franchise fees and area development fees, or the date the renewal option was effective for license renewal fees. The Company offers various incentive programs for franchisees including royalty incentives, new restaurant opening incentives (i.e. development incentives) and other support initiatives. Royalties and franchise fees sales are reduced to reflect any royalty incentives earned or granted under these programs that are in the form of discounts. Commissary Sales Commissary sales are comprised of food and supplies sold to franchised restaurants and are recognized as revenue upon shipment or delivery of the related products to the franchisees. Payments are generally due within 30 days. As noted above, there are various incentive programs available to franchisees related to new restaurant openings including discounts on initial commissary orders and new store equipment incentives, at substantially no cost to franchisees. Commissary sales are reduced to reflect incentives in the form of direct discounts on initial commissary orders. The new store equipment incentive is also recorded as a reduction of commissary sales over the term of the incentive agreement, which is generally three to five years. Other Revenues Fees for information services, including software maintenance fees, help desk fees and online ordering fees are recognized as revenue as such services are provided and are included in other revenue. Revenues for printing, promotional items, and direct mail marketing services are recognized upon shipment of the related products to franchisees and other customers. Direct mail advertising discounts are also periodically offered by our Preferred Marketing Solutions subsidiary. Other revenues are reduced to reflect these advertising discounts. Rental income, primarily derived from properties leased by the Company and subleased to franchisees in the United Kingdom, is recognized on a straight-line basis over the respective operating lease terms, in accordance with ASC Topic 840, “Leases.” The Company does not expect a significant impact on rental income upon adoption of the new lease accounting guidance, ASU 2016-02, “Leases,” effective December 31, 2018 (at the beginning of fiscal year 2019). Franchise Marketing Fund revenues represent contributions collected by various international and domestic marketing funds (“Co-op” or “Co-operative”) where we have determined that we have control over the activities of the fund. Contributions are based on a percentage of monthly restaurant sales. The adoption of Topic 606 revised the principal versus agent determination of these arrangements. When we are determined to be the principal in these arrangements, advertising fund contributions and expenditures are reported on a gross basis in the Consolidated Statements of Operations. Our obligation related to these funds is to develop and conduct advertising activities in a specific country, region, or market, including the placement of electronic and print materials. Marketing fund contributions are billed monthly. For periods prior to the adoption of Topic 606, the revenues and expenses of certain international advertising funds and the Co-op Funds in which we possess majority voting rights, were included in our Consolidated Statements of Operations on a net basis as we previously concluded we were the agent in regard to the funds based upon principal/agent determinations in industry-specific guidance that was in effect during those time periods. Advertising and Related Costs Advertising and related costs of $60.8 million, $72.3 million and $70.9 million in 2018, 2017 and 2016, respectively, include the costs of domestic Company-owned local restaurant activities such as mail coupons, door hangers and promotional items and contributions to PJMF and various local market cooperative advertising funds (“Co-op Funds”). Contributions by domestic Company-owned and franchised restaurants to PJMF and the Co-op Funds are based on an established percentage of monthly restaurant revenues. PJMF is responsible for developing and conducting marketing and advertising for the domestic Papa John’s system. The Co-op Funds are responsible for developing and conducting advertising activities in a specific market, including the placement of electronic and print materials developed by PJMF. We recognize domestic Company-owned restaurant contributions to PJMF and the Co-op Funds in the period in which the contribution accrues. During 2018, the Company also contributed $10.0 million to PJMF to increase marketing and promotional activities which is included in general and administrative expenses and is a part of the Special charges for the year. See Notes 16 and 19 for additional information. Leases Lease expense is recognized on a straight-line basis over the expected life of the lease term. A lease term often includes option periods, available at the inception of the lease. See Recent Accounting Pronouncements for information on the impact of the adoption effective December 31, 2018, of the new lease accounting guidance, ASU 2016-02, “Leases.” Stock-Based Compensation Compensation expense for equity grants is estimated on the grant date, net of projected forfeitures, and is recognized over the vesting period (generally in equal installments over three years). Restricted stock is valued based on the market price of the Company’s shares on the date of grant. Stock options are valued using a Black-Scholes option pricing model. Our specific assumptions for estimating the fair value of options are included in Note 20. Cash Equivalents Cash equivalents consist of highly liquid investments with maturity of three months or less at date of purchase. These investments are carried at cost, which approximates fair value. Accounts Receivable Substantially all accounts receivable is due from franchisees for purchases of food, paper products, point of sale equipment, printing and promotional items, information systems and related services, and royalties. Credit is extended based on an evaluation of the franchisee’s financial condition and collateral is generally not required. A reserve for uncollectible accounts is established as deemed necessary based upon overall accounts receivable aging levels and a specific review of accounts for franchisees with known financial difficulties. Account balances are charged off against the allowance after recovery efforts have ceased. Notes Receivable The Company provides financing to select franchisees principally for use in the construction and development of their restaurants and for the purchase of restaurants from the Company or other franchisees. Most notes receivable bear interest at fixed or floating rates and are generally secured by the assets of each restaurant and the ownership interests in the franchise. In 2018, the Company also provided certain franchisees with royalty payment plans. We establish an allowance based on a review of each borrower’s economic performance and underlying collateral value. Note balances are charged off against the allowance after recovery efforts have ceased. Inventories Inventories, which consist of food products, paper goods and supplies, smallwares, and printing and promotional items, are stated at the lower of cost, determined under the first-in, first-out (FIFO) method, or net realizable value. Property and Equipment Property and equipment are stated at cost. Depreciation is recorded using the straight-line method over the estimated useful lives of the assets (generally five to ten years for restaurant, commissary and other equipment, 20 to 40 years for buildings and improvements, and five years for technology and communication assets). Leasehold improvements are amortized over the terms of the respective leases, including the first renewal period (generally five to ten years). Depreciation expense was $45.6 million in 2018, $42.6 million in 2017 and $39.7 million in 2016. Deferred Costs We capitalize certain information systems development and related costs that meet established criteria. Amounts capitalized, which are included in property and equipment, are amortized principally over periods not exceeding five years upon completion of the related information systems project. Total costs deferred were approximately $4.3 million in 2018, $4.1 million in 2017 and $2.9 million in 2016. The unamortized information systems development costs approximated $12.3 million and $11.1 million as of December 30, 2018 and December 31, 2017, respectively. Intangible Assets — Goodwill We evaluate goodwill annually in the fourth quarter or whenever we identify certain triggering events or circumstances that would more-likely-than-not reduce the fair value of a reporting unit below its carrying amount. Such tests are completed separately with respect to the goodwill of each of our reporting units, which includes our domestic Company-owned restaurants, United Kingdom (“PJUK”), China, and Preferred Marketing Solutions operations. We may perform a qualitative assessment or move directly to the quantitative assessment for any reporting unit in any period if we believe that it is more efficient or if impairment indicators exist. We elected to perform a quantitative assessment for our domestic Company-owned restaurants, United Kingdom (“PJUK”), China, and Preferred Marketing Solutions operations in the fourth quarter of 2018. Our domestic Company-owned restaurants, PJUK and Preferred Marketing Solutions fair value calculations considered both an income approach and a market approach and our China fair value calculation considered an income approach. The income approach used projected net cash flows, with various growth assumptions, over a ten-year discrete period and a terminal value, which were discounted using appropriate rates. The selected discount rate considered the risk and nature of each reporting unit’s cash flow and the rates of return market participants would require to invest their capital in the reporting unit. In determining the fair value from a market approach, we considered earnings before interest, taxes, depreciation and amortization multiples that a potential buyer would pay based on third-party transactions in similar markets. As a result of our quantitative analyses, we determined that it was more-likely-than-not that the fair values of our reporting units were greater than their carrying amounts. Subsequent to completing our goodwill impairment tests, no indicators of impairment were identified. See Note 10 for additional information. Deferred Income Tax Accounts and Tax Reserves We are subject to income taxes in the United States and several foreign jurisdictions. Significant judgment is required in determining Papa John’s provision for income taxes and the related assets and liabilities. The provision for income taxes includes income taxes paid, currently payable or receivable and those deferred. We use an estimated annual effective rate based on expected annual income to determine our quarterly provision for income taxes. Discrete items are recorded in the quarter in which they occur. Deferred tax assets and liabilities are determined based on differences between financial reporting and tax basis of assets and liabilities and are measured using enacted tax rates and laws that are expected to be in effect when the differences reverse. Deferred tax assets are also recognized for the estimated future effects of tax attribute carryforwards (e.g., net operating losses, capital losses, and foreign tax credits). The effect on deferred taxes of changes in tax rates is recognized in the period in which the new tax rate is enacted. Valuation allowances are established when necessary on a jurisdictional basis to reduce deferred tax assets to the amounts we expect to realize. On December 22, 2017, the Tax Cuts and Jobs Act (the “Tax Act”) was enacted, significantly decreasing the U.S. federal income tax rate for corporations effective January 1, 2018. On that same date, the Securities and Exchange Commission staff also issued Staff Accounting Bulletin ( s a result, we remeasured our deferred tax assets, liabilities and related valuation allowances in 2017. This remeasurement yielded a 2017 benefit of approximately $7.0 million due to the lower income tax rate. At December 30, 2018 the Company has completed its analysis of the Tax Act. See Note 17 for additional information. Our net deferred income tax liability was approximately $7.1 million at December 30, 2018. Tax authorities periodically audit the Company. We record reserves and related interest and penalties for identified exposures as income tax expense. We evaluate these issues and adjust for events, such as statute of limitations expirations, court rulings or audit settlements, which may impact our ultimate payment for such exposures. We recognized decreases in income tax expense of $1.7 million and $729,000 in 2017 and 2016, respectively, associated with the finalization of certain income tax matters. There were no amounts recognized in 2018 as there were no related events. See Note 17 for additional information. Insurance Reserves Our insurance programs for workers’ compensation, owned and non-owned automobiles, general liability, property, and health insurance coverage provided to our employees are funded by the Company up to certain retention levels under our retention programs. Retention limits generally range from $100,000 to $1.0 million. Losses are accrued based upon undiscounted estimates of the liability for claims incurred using certain third-party actuarial projections and our claims loss experience. The estimated insurance claims losses could be significantly affected should the frequency or ultimate cost of claims differ significantly from historical trends used to estimate the insurance reserves recorded by the Company. The Company records estimated losses above retention within its reserve with a corresponding receivable for expected amounts due from insurance carriers. Derivative Financial Instruments We recognize all derivatives on the balance sheet at fair value. At inception and on an ongoing basis, we assess whether each derivative that qualifies for hedge accounting continues to be highly effective in offsetting changes in the cash flows of the hedged item. If the derivative meets the hedge criteria as defined by certain accounting standards, depending on the nature of the hedge, changes in the fair value of the derivative are either offset against the change in fair value of assets, liabilities or firm commitments through earnings or recognized in accumulated other comprehensive income/(loss) until the hedged item is recognized in earnings. We recognized income of $4.3 million ($3.2 million after tax) in 2018, $1.4 million ($0.9 million after tax) in 2017 and income of $1.5 million ($0.9 million after tax) in 2016 in other comprehensive income/(loss) for the net change in the fair value of our interest rate swaps. See Note 11 for additional information on our debt and credit arrangements. Noncontrolling Interests At December 30, 2018, after the 2018 divestiture of two joint ventures that owned 62 restaurants, the Company has three joint ventures consisting of 183 restaurants, which have noncontrolling interests. Consolidated net income is required to be reported separately at amounts attributable to both the Company and the noncontrolling interest. Additionally, disclosures are required to clearly identify and distinguish between the interests of the Company and the interests of the noncontrolling owners, including a disclosure on the face of the Consolidated Statements of Operations of income attributable to the noncontrolling interest holder. The following summarizes the redemption feature, location and related accounting within the Consolidated Balance Sheets for these three remaining joint venture arrangements: Type of Joint Venture Arrangement Location within the Balance Sheets Recorded Value Joint venture with no redemption feature Permanent equity Carrying value Option to require the Company to purchase the noncontrolling interest - not currently redeemable Temporary equity Carrying value See Notes 8 and 9 for additional information regarding noncontrolling interests and divestitures. Foreign Currency Translation The local currency is the functional currency for each of our foreign subsidiaries. Revenues and expenses are translated into U.S. dollars using monthly average exchange rates, while assets and liabilities are translated using year-end exchange rates. The resulting translation adjustments are included as a component of accumulated other comprehensive income/(loss) net of income taxes. In 2018, the Company refranchised 34 Company-owned restaurants and a quality control center located in China. In conjunction with the transaction, approximately $1.3 million of accumulated other comprehensive income and $300,000 associated deferred tax related to foreign currency translation were reversed. See Note 9 for additional information. Recent Accounting Pronouncements Revenue from Contracts with Customers In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, “Revenue from Contracts with Customers” (“ASU 2014-09”), which supersedes nearly all existing revenue recognition guidance under GAAP, including industry-specific requirements, and provides companies with a single revenue recognition framework for recognizing revenue from contracts with customers. In March and April 2016, the FASB issued additional amendments to Topic 606. This update and subsequently issued amendments require companies to recognize revenue at amounts that reflect the consideration to which the companies expect to be entitled in exchange for those goods or services at the time of transfer. Topic 606 requires that we assess contracts to determine each separate and distinct performance obligation. If a contract has multiple performance obligations, we allocate the transaction price using our best estimate of the standalone selling price to each distinct good or service in the contract. The Company adopted Topic 606 as of January 1, 2018. See Note 3 for additional information. Certain Tax effects from Accumulated Other Comprehensive Income (Loss) In February 2018, the FASB issued ASU 2018-02, “ Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (“AOCI”)” (“ASU 2018-02”), which allows for an entity to reclassify disproportionate income tax in AOCI caused by the Tax Act to retained earnings. The guidance is effective for fiscal years beginning after December 15, 2018 with early adoption permitted, including interim periods within those years. The Company adopted ASU 2018-02 in the first quarter of 2018 by electing to reclassify the income tax effects from AOCI to retained earnings. The impact of the adoption was not material to our Consolidated Financial Statements. Goodwill In January 2017, the FASB issued ASU 2017-04, “Intangibles – Goodwill and Other,” (“ASU 2017-04”), which simplifies the accounting for goodwill. ASU 2017-04 eliminates the second step of the goodwill impairment test, which requires a hypothetical purchase price allocation. The goodwill impairment is the difference between the carrying value and fair value, not to exceed the carrying amount. ASU 2017-04 is effective for annual and interim periods in fiscal years beginning after December 15, 2019 with early adoption permitted. The Company adopted ASU 2017-04 in the fourth quarter of 2018. The impact of the adoption was not material to our Consolidated Financial Statements. Employee Share-Based Payments In March 2016, the FASB issued ASU 2016-09, “Compensation – Stock Compensation: Improvements to Employee Share-Based Payment Accounting” (“ASU 2016-09”). The guidance simplified the accounting and financial reporting of the income tax impact of stock-based compensation arrangements. This guidance requires excess tax benefits to be recorded as a discrete item within income tax expense rather than additional paid-in capital. In addition, excess tax benefits are required to be classified as cash from operating activities rather than cash from financing activities. The Company adopted this guidance as of the beginning of fiscal 2017. The Company elected to apply the cash flow guidance of ASU 2016-09 retrospectively to all prior periods. The impact of retrospectively applying this guidance to the Consolidated Statement of Cash Flows was a $6.2 million increase in net cash provided by operating activities and a corresponding increase in net cash used in financing activities for the year ended December 25, 2016. The Company elected to continue to estimate forfeitures, as permitted by ASU 2016-09, rather than electing to account for forfeitures as they occur. Hedging In August 2017, the FASB issued ASU 2017-12, “Derivatives and Hedging (Topic 815) Targeted Improvements to Accounting for Hedging Activities” (“ASU 2017-12”) which intends to better align an entity's risk management activities and financial reporting for hedging relationships through changes to both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results. The amendment attempts to simplify the application of hedge accounting guidance. T he pronouncement is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018, with early adoption permitted. The Company adopted ASU 2017-12 in the fourth quarter of 2017. The impact of the adoption was not material to our Consolidated Financial Statements. In addition, in October 2018, the FASB issued ASU 2018-16, “Derivatives and Hedging (Topic 815): Inclusion of the Secured Overnight Financing Rate (SOFR) Overnight Index Swap (OIS) Rate as a Benchmark Interest Rate for Hedge Accounting Purposes” (“ASU 2018-16”), which amends Topic 815 to add the overnight index swap rate based on the secured overnight financing rate as a fifth U.S. benchmark interest rate. This is in response to the Financial Conduct Authority’s announcement in July 2017 that it intends to stop compelling banks to submit rates for the calculation of LIBOR after 2021. T he pronouncement is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018, with early adoption permitted. The Company has material contracts that are indexed to LIBOR and is continuing to evaluate the accounting, transition and disclosure requirements of ASU 2018-16. Leases In February 2016, the FASB issued ASU 2016-02, Topic 842, which requires companies to recognize a right-of-use asset and a lease liability on the balance sheet for contracts that meet the definition of a lease. This guidance also requires additional disclosures about the amount, timing, and uncertainty of cash flows arising from leases. ASU 2016-02 is effective for interim and annual periods beginning after December 15, 2018. In July 2018, the FASB issued ASU 2018-11, “Leases (Topic 842): Targeted Improvements.” ASU 2018-11 allows companies to elect an optional transition method to apply the new lease standard through a cumulative-effect adjustment in the period of adoption. We have elected to adopt ASU 2016-02 using the optional transition method and we are revising our controls and processes to address the lease standard. We plan to take advantage of the transition package of practical expedients permitted under the transition guidance, which among other things, allows us to carryforward our prior lease classifications under ASC 840 and our assessment on whether a contract is or contains a lease. We will also elect to combine lease and non-lease components for all asset classes and to keep leases with an initial term of 12 months or less off the balance sheet for select asset classes. We do not expect to elect the use of hindsight practical expedient. We do not expect ASU 2016-02 to have a material impact on our annual operating results or cash flows. The most significant impact of adoption will be the recognition of right of use assets and lease liabilities on our balance sheet. We expect the right of use asset recorded, net of amounts reclassified from other assets and liabilities, as specified by the new lease guidance, will not be materially different than the lease liability, which will be based on the present value of the remaining minimum rental payments of approximately $210 million using discount rates as of the effective date. See Note 19 for additional information. The Company’s subsidiary located in the United Kingdom leases certain restaurant space to our franchisees under sublease agreements. As a lessor, we currently do not expect the new guidance to have a material effect on our Consolidated Financial Statements, as we believe substantially all of our existing leases will continue to be classified as operating leases. This revenue will continue to be reported as rental income in Other Revenues in the Consolidated Statements of Operations. Financial Instruments – Credit Losses In June 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,” which requires measurement and recognition of expected versus incurred losses for financial assets held. ASU 2016-13 is effective for annual periods beginning after December 15, 2019, with early adoption permitted for annual periods beginning after December 15, 2018. The Company is currently assessing the impact of adopting this standard on our Consolidated Balance Sheet, Results of Operations and Cash Flows. Cloud Computing In August 2018, the FASB issued ASU No. 2018-15 “Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract,” which aligns the requirements for capitalizing implementation costs in cloud computing arrangements wit

Adoption of ASU 2014-09, "Reven

Adoption of ASU 2014-09, "Revenue from Contracts with Customers"	12 Months Ended
	Dec. 30, 2018
Adoption of ASU 2014-09, "Revenue from Contracts with Customers"
Adoption of ASU 2014-09, "Revenue from Contracts with Customers"	3. Adoption of ASU 2014-09, “Revenue from Contracts with Customers” The Company adopted Topic 606 using the modified retrospective transition method effective January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented in accordance with Topic 606, while prior period amounts are not adjusted and continue to be reported in accordance with our historical accounting under Topic 605, “Revenue Recognition.” The cumulative effect adjustment of $21.5 million was recorded as a reduction to retained earnings as of January 1, 2018 to reflect the impact of adopting Topic 606. The impact of applying Topic 606 for the year ended December 30, 2018 was an increase in revenues of $4.0 million and a decrease in pre-tax income of $3.4 million. The adoption of Topic 606 did not impact the recognition and reporting of two of our largest sources of revenue: sales from Company-owned restaurants and continuing royalties or other revenues from franchisees that are based on a percentage of the franchise sales. The items impacted by the adoption include the presentation of new store equipment incentives as an offset against commissary revenues, the presentation and amount of our loyalty program costs, the timing of franchise and development fees revenue recognition, and the presentation of various domestic and international advertising funds as further described below. Cumulative Adjustment From Adoption As previously noted, an after-tax reduction of $21.5 million was recorded to retained earnings in the first quarter of 2018 to reflect the cumulative impact of adopting Topic 606. This consists of $10.8 million related to franchise fees, $8.0 million related to the customer loyalty program and $2.7 million related to marketing funds. The following chart presents the specific line items impacted by the cumulative adjustment. Adjusted As Reported Balance Sheet December 31, Total at January 1, (In thousands, except per share amounts) 2017 Adjustments 2018 Assets Current assets: Cash and cash equivalents $ 22,345 $ 4,279 $ 26,624 Accounts receivable (less allowance for doubtful accounts of $2,271 in 2017) 64,558 493 65,051 Accounts receivable - affiliates (no allowance for doubtful accounts in 2017) 86 — 86 Notes receivable (no allowance for doubtful accounts in 2017) 4,333 — 4,333 Income tax receivable 3,903 — 3,903 Inventories 30,620 — 30,620 Prepaid expenses 28,522 (4,959) 23,563 Other current assets 9,494 — 9,494 Assets held for sale 6,133 — 6,133 Total current assets 169,994 (187) 169,807 Property and equipment, net 234,331 — 234,331 Notes receivable, less current portion (less allowance for doubtful accounts of $1,047 in 2017) 15,568 — 15,568 Goodwill 86,892 — 86,892 Deferred income taxes, net 585 — 585 Other assets 48,183 (907) 47,276 Total assets $ 555,553 $ (1,094) $ 554,459 Liabilities and stockholders’ equity (deficit) Current liabilities: Accounts payable $ 32,006 $ (2,161) $ 29,845 Income and other taxes payable 10,561 — 10,561 Accrued expenses and other current liabilities 70,293 15,860 86,153 Deferred revenue current — 2,400 2,400 Current portion of long-term debt 20,000 — 20,000 Total current liabilities 132,860 16,099 148,959 Deferred revenue 2,652 10,798 13,450 Long-term debt, less current portion, net 446,565 — 446,565 Deferred income taxes, net 12,546 (6,464) 6,082 Other long-term liabilities 60,146 — 60,146 Total liabilities 654,769 20,433 675,202 Redeemable noncontrolling interests 6,738 — 6,738 Stockholders’ equity (deficit): Preferred stock ($0.01 par value per share; no shares issued) — — — Common stock ($0.01 par value per share; issued 44,221 at December 31, 2017) 442 — 442 Additional paid-in capital 184,785 — 184,785 Accumulated other comprehensive loss (2,117) — (2,117) Retained earnings 292,251 (21,527) 270,724 Treasury stock (10,290 shares at December 31, 2017, at cost) (597,072) — (597,072) Total stockholders’ (deficit) (121,711) (21,527) (143,238) Noncontrolling interests in subsidiaries 15,757 — 15,757 Total stockholders’ (deficit) (105,954) (21,527) (127,481) Total liabilities, redeemable noncontrolling interests and stockholders’ (deficit) $ 555,553 $ (1,094) $ 554,459 The impact of adoption at December 30, 2018 is as follows: As Reported Balance Sheet December 30, Total Without Adoption (In thousands, except per share amounts) 2018 Adjustments of Topic 606 Assets Current assets: Cash and cash equivalents $ 19,468 $ (4,326) $ 15,142 Accounts receivable (less allowance for doubtful accounts of $2,117 in 2018) 67,785 (401) 67,384 Accounts receivable - affiliates (no allowance for doubtful accounts in 2018) 69 — 69 Notes receivable (no allowance for doubtful accounts in 2018) 5,498 — 5,498 Income tax receivable 16,073 — 16,073 Inventories 27,203 — 27,203 Prepaid expenses 29,935 4,771 34,706 Other current assets 5,677 — 5,677 Assets held for sale — — — Total current assets 171,708 44 171,752 Property and equipment, net 226,894 — 226,894 Notes receivable, less current portion (less allowance for doubtful accounts of $3,369 in 2018) 23,259 — 23,259 Goodwill 84,516 — 84,516 Deferred income taxes, net 756 — 756 Other assets 63,814 907 64,721 Total assets $ 570,947 $ 951 $ 571,898 Liabilities and stockholders’ equity (deficit) Current liabilities: Accounts payable $ 29,891 $ 1,585 $ 31,476 Income and other taxes payable 6,590 — 6,590 Accrued expenses and other current liabilities 105,712 (18,210) 87,502 Deferred revenue current 2,443 (2,443) — Current portion of long-term debt 20,000 — 20,000 Total current liabilities 164,636 (19,068) 145,568 Deferred revenue 14,679 (11,231) 3,448 Long-term debt, less current portion, net 601,126 — 601,126 Deferred income taxes, net 7,852 7,255 15,107 Other long-term liabilities 79,324 — 79,324 Total liabilities 867,617 (23,044) 844,573 Redeemable noncontrolling interests 5,464 — 5,464 Stockholders’ (deficit): Preferred stock ($0.01 par value per share; no shares issued) — — — Common stock ($0.01 par value per share; issued 44,301 at December 30, 2018) 443 — 443 Additional paid-in capital 192,984 — 192,984 Accumulated other comprehensive income (loss) (3,143) — (3,143) Retained earnings 244,061 23,989 268,050 Treasury stock (12,929 shares at December 30, 2018, at cost) (751,704) — (751,704) Total stockholders’ (deficit) (317,359) 23,989 (293,370) Noncontrolling interests in subsidiaries 15,225 6 15,231 Total stockholders’ (deficit) (302,134) 23,995 (278,139) Total liabilities, redeemable noncontrolling interests and stockholders’ (deficit) $ 570,947 $ 951 $ 571,898 The impact for the year ended December 30, 2018 is as follows: As Reported Year Ended Statement of Operations December 30, Total Without Adoption of (In thousands, except per share amounts) 2018 Adjustments Topic 606 Revenues: Domestic Company-owned restaurant sales $ 692,380 $ 3,295 $ 695,675 North America franchise royalties and fees 79,293 375 79,668 North America commissary 609,866 3,353 613,219 International 110,349 205 110,554 Other revenues 81,428 (11,238) 70,190 Total revenues 1,573,316 (4,010) 1,569,306 Costs and expenses: Operating costs (excluding depreciation and amortization shown separately below): Domestic Company-owned restaurant expenses 576,799 47 576,846 North America commissary 575,103 — 575,103 International expenses 67,775 — 67,775 Other expenses 84,016 (10,847) 73,169 General and administrative expenses 192,551 3,428 195,979 Depreciation and amortization 46,403 — 46,403 Total costs and expenses 1,542,647 (7,372) 1,535,275 Refranchising and impairment gains/(losses), net (289) — (289) Operating income 30,380 3,362 33,742 Investment income 817 — 817 Interest expense (25,306) — (25,306) Income before income taxes 5,891 3,362 9,253 Income tax expense 2,646 781 3,427 Net income before attribution to noncontrolling interests 3,245 2,581 5,826 Income attributable to noncontrolling interests (1,599) — (1,599) Net income attributable to the Company $ 1,646 $ 2,581 $ 4,227 Calculation of income for earnings per share: Net income attributable to the Company $ 1,646 $ 2,581 $ 4,227 Net income attributable to common shareholders $ 1,646 $ 2,581 $ 4,227 Basic earnings per common share $ 0.05 $ 0.08 $ 0.13 Diluted earnings per common share $ 0.05 $ 0.08 $ 0.13 Basic weighted average common shares outstanding 32,083 32,083 32,083 Diluted weighted average common shares outstanding 32,299 32,299 32,299 Transaction Price Allocated to the Remaining Performance Obligations The following table (in thousands) includes estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied at the end of the reporting period. Performance Obligations by Period Less than 1 Year 1-2 Years 2-3 Years 3-4 Years 4-5 Years Thereafter Total Franchise Fees $ 2,443 $ 2,186 $ 1,960 $ 1,768 $ 1,488 $ 3,829 $ 13,674 An additional $3.5 million of area development fees related to unopened stores and unearned royalties are included in deferred revenue. Timing of revenue recognition is dependent upon the timing of store openings and franchisees’ revenues. As of December 30, 2018, the amount allocated to the Papa Rewards loyalty program is $18.0 million and is reflected in the Consolidated Balance Sheet as part of the contract liability included in accrued expenses and other current liabilities. This will be recognized as revenue as the points are redeemed, which is expected to occur within the next year. The Company applies the practical expedient in ASC paragraph 606-10-50-14 and does not disclose information about remaining performance obligations that have original expected durations of one year or less.

Revenue Recognition

Revenue Recognition	12 Months Ended
	Dec. 30, 2018
Revenue Recognition
Revenue Recognition	4. Revenue Recognition Disaggregation of Revenue In the following table (in thousands), revenue is disaggregated by major product line. The table also includes a reconciliation of the disaggregated revenue with the reportable segments. Reportable Segments Year Ended December 30, 2018 Major Products/Services Lines Domestic Company-owned restaurants North America commissaries North America franchising International All others Total Company-owned restaurant sales $ 692,380 $ - $ - $ 6,237 $ - $ 698,617 Commissary sales - 811,191 - 68,124 - 879,315 Franchise royalties and fees - - 82,258 35,988 - 118,246 Other revenues - - - 21,202 91,205 112,407 Eliminations - (201,325) (2,965) (283) (30,696) (235,269) Total $ 692,380 $ 609,866 $ 79,293 $ 131,268 $ 60,509 $ 1,573,316 The revenue summarized above is described in Note 2 under the heading “Significant Accounting Policies – Revenue Recognition.” Contract Balances The contract liabilities primarily relate to franchise fees which we classify as “Deferred revenue” and customer loyalty program obligations which are classified with “Accrued expenses and other current liabilities.” During the year ended December 30, 2018, the Company recognized $15.7 million in revenue, related to deferred revenue and customer loyalty program. Contract Liabilities (in thousands) December 30, 2018 January 1, 2018 Change Deferred revenue $ 17,122 $ 15,850 $ 1,272 Customer loyalty program 18,019 14,724 3,295 Total contract liabilities $ 35,141 $ 30,574 $ 4,567 The contract assets consist primarily of equipment incentives provided to franchisees. Equipment incentives are related to the future value of commissary revenue the Company will receive over the term of the agreement. As of December 30, 2018 and January 1, 2018, the contract assets were approximately $6.6 million and $7.1 million, respectively. For the year ended December 30, 2018, revenue was reduced approximately $4.0 million for the amortization of contract assets over the applicable contract terms. Contract assets are included in Other Current Assets and Other Assets.

Stockholders' Equity (Deficit)

Stockholders' Equity (Deficit)	12 Months Ended
	Dec. 30, 2018
Stockholders' Equity (Deficit)
Stockholders' Equity (Deficit)	5. Stockholders’ Equity (Deficit) Shares Authorized and Outstanding The Company has authorized 5.0 million shares of preferred stock and 100.0 million shares of common stock. The Company’s outstanding shares of common stock, net of repurchased common stock, were 31.4 million shares at December 30, 2018 and 33.9 million shares at December 31, 2017. There were no shares of preferred stock issued or outstanding at December 30, 2018 and December 31, 2017. Subsequent to December 30, 2018, on February 3, 2019, the Company entered into a Securities Purchase Agreement in which the Company issued and sold 200,000 shares of the Company’s newly designated Series B Preferred Stock. See ‘Subsequent Events’ in Note 2 for additional information. Share Repurchase Program We repurchased 2.7 million shares of our common stock for $158 million in 2018, including $100 million (1.7 million shares) under an accelerated share repurchase agreement (“ASR Agreement”) with Bank of America, N.A. Share repurchases for 2017 and 2016 were 3.0 million and 2.1 million for $209.6 million and $122.4 million, respectively. These repurchases were under a share repurchase program that expired on February 27, 2019. Funding for the share repurchase program was provided through a credit facility, operating cash flow, stock option exercises and cash and cash equivalents. In connection with the execution of our amended Credit Agreement in October 2018, the Company cannot repurchase any additional shares if our Leverage Ratio, as defined in the Credit Agreement is higher than 3.75 to 1.0. See Note 11 for additional information on our Credit Agreement. Cash Dividend The Company paid dividends of $29.0 million in 2018, $30.7 million in 2017 and $27.9 million in 2016. Subsequent to fiscal 2018, our Board of Directors declared a first quarter 2019 cash dividend of $0.225 per common share, or approximately $8.0 million, including the Series B Preferred Stock dividend on an as-converted basis to common stock. The dividend was paid on February 22, 2019 to shareholders of record as of the close of business on February 11, 2019. In connection with the execution of our amended Credit Agreement in October 2018, no increase in dividends per share may occur if our Leverage Ratio as defined in the Credit Agreement is higher than 3.75 to 1.0. Stockholder Rights Plan On July 22, 2018, the Board of Directors of the Company approved the adoption of a limited duration stockholder rights plan (the “Rights Plan”) with an expiration date of July 22, 2019 and an ownership trigger threshold of 15% (with a threshold of 31% applied to John H. Schnatter, together with his affiliates and family members). In connection with the Rights Plan, the Board of Directors authorized and declared a dividend to stockholders of record at the close of business on August 2, 2018 of one preferred share purchase right (a “Right”) for each outstanding share of Papa John’s common stock. Upon certain triggering events, each Right would entitle the holder to purchase from the Company one one-thousandth (subject to adjustment) of one share of Series A Junior Participating Preferred Stock, $0.01 par value per share of the Company (“Preferred Stock”) at an exercise price of $250.00 (the “Exercise Price”) per one one-thousandth of a share of Preferred Stock. In addition, if a person or group acquires beneficial ownership of 15% or more of the Company’s common stock (or in the case of Mr. Schnatter, 31% or more) without prior board approval, each holder of a Right (other than the acquiring person or group whose Rights will become void) will have the right to purchase, upon payment of the Exercise Price and in accordance with the terms of the Rights Plan, a number of shares of the Company’s common stock having a market value of twice the Exercise Price. The complete terms of the Rights are set forth in a Rights Agreement (the “Rights Agreement”), dated as of July 22, 2018, between the Company and Computershare Trust Company, N.A., as rights agent. Subsequent to the year ended December 30, 2018, on February 3, 2019, the Company entered into an amendment to the Rights Agreement to exempt funds affiliated with Starboard Value LP from the 15% ownership trigger threshold, to facilitate the Company’s sale to the funds of the Company’s Series B Preferred Stock. On March 5, 2019, the Board of Directors extended the term of the Rights Plan to March 6, 2022, increased the ownership trigger threshold at which a person becomes an acquiring person from 15% to 20%, except as set forth above, removed the “acting in concert” provision in response to stockholder feedback, and included a qualifying offer provision as set forth in the Rights Plan.

Earnings per Share

Earnings per Share	12 Months Ended
	Dec. 30, 2018
Earnings per Share
Earnings per Share	6. Earnings per Share We compute earnings per share using the two-class method. The two-class method requires an earnings allocation formula that determines earnings per share for common shareholders and participating security holders according to dividends declared and participating rights in undistributed earnings. We consider time-based restricted stock awards to be participating securities because holders of such shares have non-forfeitable dividend rights. Under the two-class method, undistributed earnings allocated to participating securities are subtracted from net income attributable to the Company in determining net income attributable to common shareholders . Additionally, in accordance with ASC 480, “Distinguishing Liabilities from Equity”, the increase in the redemption value for the noncontrolling interest of one of our joint ventures reduces income attributable to common shareholders (and a decrease in redemption value increases income attributable to common shareholders). This joint venture was divested during 2018 and no change in redemption value occurred in 2018. The change in noncontrolling interest redemption value was $1.4 million and $570,000 for the years ended December 31, 2017 and December 25, 2016, respectively. See Notes 8 and 9 for additional information. Basic earnings per common share are computed by dividing net income attributable to common shareholders by the weighted-average common shares outstanding. Diluted earnings per common share are computed by dividing the net income attributable to common shareholders by the diluted weighted average common shares outstanding. Diluted weighted average common shares outstanding consist of basic weighted average common shares outstanding plus weighted average awards outstanding under our equity compensation plans, which are dilutive securities. The calculations of basic earnings per common share and diluted earnings per common share for the years ended December 30, 2018, December 31, 2017 and December 25, 2016 are as follows (in thousands, except per share data): 2018 2017 2016 Basic earnings per common share: Net income attributable to the Company $ 1,646 $ 102,292 $ 102,820 Change in noncontrolling interest redemption value — 1,419 567 Net income attributable to participating securities — (423) (420) Net income attributable to common shareholders $ 1,646 $ 103,288 $ 102,967 Weighted average common shares outstanding 32,083 36,083 37,253 Basic earnings per common share $ 0.05 $ 2.86 $ 2.76 Diluted earnings per common share: Net income attributable to common shareholders $ 1,646 $ 103,288 $ 102,967 Weighted average common shares outstanding 32,083 36,083 37,253 Dilutive effect of outstanding equity awards (a) 216 439 355 Diluted weighted average common shares outstanding 32,299 36,522 37,608 Diluted earnings per common share $ 0.05 $ 2.83 $ 2.74 (a) Shares subject to options to purchase common stock with an exercise price greater than the average market price for the year were not included in the computation of diluted earnings per common share because the effect would have been antidilutive. The weighted average number of shares subject to antidilutive options was 1.2 million in 2018, 278,000 in 2017 and 331,000 in 2016. See Note 8 for additional information regarding our noncontrolling interests and Note 20 for equity awards, including restricted stock.

Fair Value Measurements and Dis

Fair Value Measurements and Disclosures	12 Months Ended
	Dec. 30, 2018
Fair Value Measurements and Disclosures
Fair Value Measurements and Disclosures	7. Fair Value Measurements and Disclosures The Company is required to determine the fair value of financial assets and liabilities based on the price that would be received to sell the asset or paid to transfer the liability to a market participant. Fair value is a market-based measurement, not an entity specific measurement. The fair value of certain assets and liabilities approximates carrying value because of the short-term nature of the accounts, including cash and cash equivalents, accounts receivable and accounts payable. The carrying value of our notes receivable, net of allowances, also approximates fair value. The fair value of the amount outstanding under our term debt and revolving credit facility approximates their carrying values due to their variable market-based interest rates (Level 2). Certain assets and liabilities are measured at fair value on a recurring and non-recurring basis and are required to be classified and disclosed in one of the following categories: · Level 1: Quoted market prices in active markets for identical assets or liabilities. · Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data. · Level 3: Unobservable inputs that are not corroborated by market data. Our financial assets and liabilities that were measured at fair value on a recurring basis as of December 30, 2018 and December 31, 2017 are as follows (in thousands): Carrying Fair Value Measurements Value Level 1 Level 2 Level 3 December 30, 2018 Financial assets: Cash surrender value of life insurance policies (a) $ 27,751 $ 27,751 $ — $ — Interest rate swaps (b) 4,905 — 4,905 — December 31, 2017 Financial assets: Cash surrender value of life insurance policies (a) $ 28,645 $ 28,645 $ — $ — Interest rate swaps (b) 651 — 651 — (a) Represents life insurance policies held in our non-qualified deferred compensation plan. (b) The fair values of our interest rate swaps are based on the sum of all future net present value cash flows. The future cash flows are derived based on the terms of our interest rate swaps, as well as considering published discount factors, and projected London Interbank Offered Rates (“LIBOR”). Our assets and liabilities that were measured at fair value on a non-recurring basis as of December 31, 2017 include assets held for sale. The fair value was determined using a market-based approach with unobservable inputs (Level 3) less any estimated selling costs. We recorded an impairment loss of $1.7 million in 2017 which represents the excess of the carrying value over the fair value; the impairment is recorded in refranchising and impairment gains/(losses), net in the Consolidated Statements of Operations. There were no transfers among levels within the fair value hierarchy during fiscal 2018 or 2017.

Noncontrolling Interests

Noncontrolling Interests	12 Months Ended
	Dec. 30, 2018
Noncontrolling Interests
Noncontrolling Interests	8. Noncontrolling Interests At December 31, 2017, Papa John’s had five joint venture arrangements in which there were noncontrolling interests held by third parties. In the first quarter of 2018, one joint venture was divested and a second joint venture was divested in the third quarter of 2018. As of December 30, 2018, there were 183 restaurants that comprise three joint ventures as compared to 246 restaurants in five joint venture arrangements at December 31, 2017. See Note 9 for more information on these related divestitures. We are required to report the consolidated net (loss) income amounts attributable to the Company and the noncontrolling interests. Additionally, disclosures are required to clearly identify and distinguish between the interests of the Company and the interests of the noncontrolling owners, including a disclosure on the face of the Consolidated Statements of Operations of income attributable to the noncontrolling interest holders. The income before income taxes attributable to these joint ventures for the years ended December 30, 2018, December 31, 2017 and December 25, 2016 were as follows (in thousands): 2018 2017 2016 Papa John’s International, Inc. $ 5,794 $ 7,181 $ 9,913 Noncontrolling interests 1,599 4,233 6,272 Total income before income taxes $ 7,393 $ 11,414 $ 16,185 As of December 30, 2018, the noncontrolling interest holder of one joint venture has the option to require the Company to purchase their interest, though not currently redeemable. Since redemption of the noncontrolling interests is outside of the Company’s control, the noncontrolling interests are presented in the caption “Redeemable noncontrolling interests” in the Consolidated Balance sheets. The following summarizes changes in our redeemable noncontrolling interests in 2018 and 2017 (in thousands): Balance at December 25, 2016 $ 8,461 Net income 2,195 Distributions (2,499) Change in redemption value (1,419) Balance at December 31, 2017 $ 6,738 Net loss (274) Distributions (1,000) Balance at December 30, 2018 $ 5,464

Divestitures

Divestitures	12 Months Ended
	Dec. 30, 2018
Divestitures
Divestitures	9. Divestitures Divestitures In the first quarter of 2018, the Company refranchised 31 restaurants owned through a joint venture in the Denver, Colorado market. The Company held a 60% ownership share in the restaurants being refranchised. The noncontrolling interest portion of the joint venture arrangement was previously recorded at redemption value within the Consolidated Balance Sheet. Total consideration for the asset sale of the restaurants was $4.8 million, consisting of cash proceeds of $3.7 million, including cash paid for various working capital items, and notes financed by Papa John’s for $1.1 million. In connection with the divestiture, we wrote off $700,000 of goodwill. This goodwill was allocated based on the relative fair value of the sales proceeds versus the total fair value of the Company-owned restaurants’ reporting unit. We recorded a pre-tax refranchising gain of approximately $690,000. As a result of assigning our interest in obligations under property leases as a condition of the refranchising of the Denver market, we are contingently liable for payment of the 31 leases. These leases have varying terms, the latest of which expires in 2024. As of December 30, 2018, the estimated maximum amount of undiscounted payments the Company could be required to make in the event of nonpayment by the primary lessee was $2.9 million. The fair value of the guarantee is not material. In the second quarter of 2018, the Company refranchised 34 Company-owned restaurants and a quality control center located in Beijing and Tianjin, China. The Company recorded an impairment of $1.7 million and $1.4 million in 2017 and 2016, respectively, associated with the China operations and the assets and liabilities were classified as held for sale in the Consolidated Balance Sheet as of December 31, 2017. We recorded a pre-tax loss of approximately $1.9 million associated with the sale of the restaurants and reversed $1.3 million of accumulated other comprehensive income related to foreign currency translation as part of the disposal. The $1.9 million pre-tax loss in 2018 and impairments recorded in 2017 and 2016 are recorded in refranchising and impairment gains (losses), net on the Consolidated Statements of Operations. In addition, we also had $2.4 million of additional tax expense associated with the China refranchise in the second quarter of 2018. This additional tax expense is primarily attributable to the required recapture of operating losses previously taken by the Company. The following summarizes the associated China assets and liabilities that were classified as held for sale in 2017 (in thousands): December 31, 2017 Cash $ 908 Inventories 505 Prepaid expenses 570 Net property and equipment 4,878 Other assets 946 Valuation allowance (1,674) Total assets held for sale $ 6,133 Accounts payable $ 1,817 Accrued and other liabilities 470 Total liabilities held for sale $ 2,287 In the third quarter of 2018, the Company completed the refranchising of 31 stores owned through a joint venture in the Minneapolis, Minnesota market. The Company held a 70% ownership share in the restaurants being refranchised. Total consideration for the asset sale of the restaurants was $3.75 million. In connection with the divestiture, we wrote off approximately $600,000 of goodwill. This goodwill was allocated based on the relative fair value of the sales proceeds versus the total fair value of the Company-owned restaurants’ reporting unit. We recorded a pre-tax refranchising gain of approximately $930,000 associated with the sale of the restaurants. As a result of assigning our interest in obligations under property leases as a condition of the refranchising of the Minnesota market, we are contingently liable for payment of the 31 leases. These leases have varying terms, the latest of which expires in 2025. As of December 30, 2018, the estimated maximum amount of undiscounted payments the Company could be required to make in the event of nonpayment by the primary lessee was $5.9 million. The fair value of the guarantee is not material.

Goodwill

Goodwill	12 Months Ended
	Dec. 30, 2018
Goodwill.
Goodwill	10. Goodwill The following summarizes changes in the Company’s goodwill, by reportable segment (in thousands): Domestic Company- owned Restaurants International (a) All Others Total Balance as of December 25, 2016 $ 70,048 $ 15,045 $ 436 $ 85,529 Foreign currency adjustments — 1,363 — 1,363 Balance as of December 31, 2017 70,048 16,408 436 86,892 Divestitures (b) (1,359) — — (1,359) Foreign currency adjustments — (1,017) — (1,017) Balance as of December 30, 2018 $ 68,689 $ 15,391 $ 436 $ 84,516 (a) The international goodwill balances for all years presented are net of accumulated impairment of $2.3 million associated with our PJUK reporting unit, which was recorded in fiscal 2008. (b) Includes 62 restaurants located in two domestic markets. For fiscal year 2018, we performed a quantitative analysis for our domestic Company-owned restaurants, Preferred Marketing Solutions, China, and PJUK reporting units. For fiscal years 2017 and 2016, we performed a qualitative analysis on each reporting unit. No impairment charges were recorded upon the completion of our goodwill impairment tests in 2018, 2017 and 2016, excluding the China goodwill allocated to assets held for sale in 2016.

Debt and Credit Arrangements

Debt and Credit Arrangements	12 Months Ended
	Dec. 30, 2018
Debt and Credit Arrangements
Debt and Credit Arrangements	11. Debt and Credit Arrangements Long-term debt, net consists of the following (in thousands): December 30, December 31, 2018 2017 Outstanding debt $ 625,000 $ 470,000 Unamortized debt issuance costs (3,874) (3,435) Current portion of long-term debt (20,000) (20,000) Total long-term debt, less current portion, net $ 601,126 $ 446,565 On August 30, 2017, the Company entered into a credit agreement (the “Credit Agreement”) which provided for a revolving credit facility in an aggregate principal amount of $600.0 million (the “Revolving Facility”) and a term loan facility in an aggregate principal amount of $400.0 million (the “Term Loan Facility”) and together with the Revolving Facility, the “Facilities”. The Facilities mature on August 30, 2022. The loans under the Facilities, after giving effect to the Amendment described below, accrue interest at a per annum rate equal to, at the Company’s election, either a LIBOR rate plus a margin ranging from 125 to 250 basis points or a base rate (generally determined by a prime rate, federal funds rate or a LIBOR rate plus 1.00%) plus a margin ranging from 25 to 150 basis points. In each case, the actual margin is determined according to a ratio of the Company’s total indebtedness to earnings before interest, taxes, depreciation and amortization (“EBITDA”) for the then most recently ended four-quarter period (the “Leverage Ratio”). Quarterly amortization payments are required to be made on the Term Loan Facility in the amount of $5.0 million which began in the fourth quarter of 2017. Loans outstanding under the Credit Agreement may be prepaid at any time without premium or penalty, subject to customary breakage costs in the case of borrowings for which a LIBOR rate election is in effect. Up to $35.0 million of the Revolving Facility may be advanced in certain agreed foreign currencies, including Euros, Pounds Sterling, Canadian Dollars, Japanese Yen, and Mexican Pesos . The Credit Agreement contains customary affirmative and negative covenants, including financial covenants requiring the maintenance of the Leverage Ratio and a specified fixed charge coverage ratio. On October 9, 2018, we entered into an amendment to the Credit Agreement (the “Amendment”). The amendments and modifications to the Credit Agreement are effective through the remainder of the term of the Facilities and include, without limitation, the following: · reduction of the maximum amount available under the Revolving Facility to $400.0 million; there was no change in available Term Loan Facility borrowings; · amendment to the definition of EBITDA to exclude certain costs recorded as Special charges (up to certain pre-defined limits) as detailed in Note 19 “Commitments and Contingencies”; · modification of the financial covenants in the Credit Agreement by increasing the permitted Leverage Ratio to 5.25 to 1.0 beginning in the third quarter of 2018, decreasing over time to 4.00 to 1.0 by 2022; and decreasing the permitted specified fixed charge coverage ratio to 2.00 to 1.0 beginning in the third quarter of 2018 and increasing over time to 2.50 to 1.0 in 2021 and thereafter. We were in compliance with these financial covenants at December 30, 2018; · certain modifications to the negative covenant restricting the ability to make dividends and distributions. If the Leverage Ratio is above 3.75 to 1.0, the Company cannot repurchase any of its shares of common stock and cannot increase the cash dividend above the lesser of $0.225 per share per quarter or $35 million per fiscal year; · increase in the interest rate payable on outstanding loans for the Facilities based on the Leverage Ratio as follows: Ø removal of interest rate pricing tiers if the Leverage Ratio of the Company is less than 1.50 to 1.00; Ø if the Leverage Ratio of the Company is greater than 3.50 to 1.00 but less than 4.50 to 1.00, the Company will pay an additional 0.25% per annum interest rate margin on the outstanding loans under the Facilities and an additional 0.05% per annum commitment fee on the unused portion of the Revolving Facility; Ø if the Leverage Ratio of the Company is greater than 4.50 to 1.00, the Company will pay an additional 0.50% per annum interest rate margin on the outstanding loans under the Facilities and an additional 0.10% per annum commitment fee on the unused portion of the Revolving Facility; and · requirement that the Company and certain direct and indirect domestic subsidiaries of the Company grant a security interest in substantially all of the capital stock and equity interests of their respective domestic and first tier material foreign subsidiaries to secure the obligations owing under the Facilities. Under the Credit Agreement, as amended, we have the option to increase the Revolving Facility or the Term Loan Facility in an aggregate amount of up to $300.0 million, subject to the Leverage Ratio of the Company not exceeding 4.00 to 1.00. Our outstanding debt of $625.0 million at December 30, 2018 under the Facilities was composed of $375.0 million outstanding under the Term Loan Facility and $250.0 million outstanding under the Revolving Facility. Including outstanding letters of credit, the Company’s remaining availability under the Facilities at December 30, 2018 was approximately $110.0 million. As of December 30, 2018, the Company had approximately $3.9 million in unamortized debt issuance costs, which are being amortized into interest expense over the term of the Facilities. Upon execution of the Amendment, we wrote off approximately $560,000 of these unamortized debt issuance costs in accordance with applicable accounting guidance. The Company also incurred additional amendment fees of approximately $1.9 million , which will be amortized into interest expense over the remaining term of the Facilities. We attempt to minimize interest risk exposure by fixing our rate through the utilization of interest rate swaps, which are derivative financial instruments. Our swaps are entered into with financial institutions that participate in the Facilities. By using a derivative instrument to hedge exposures to changes in interest rates, we expose ourselves to credit risk. Credit risk is due to the possible failure of the counterparty to perform under the terms of the derivative contract. We use interest rate swaps to hedge against the effects of potential interest rate increases on borrowings under our Facilities. As of December 30, 2018, we have the following interest rate swap agreements: Effective Dates Floating Rate Debt Fixed Rates April 30, 2018 through April 30, 2023 $ 55 million 2.33 % April 30, 2018 through April 30, 2023 $ 35 million 2.36 % April 30, 2018 through April 30, 2023 $ 35 million 2.34 % January 30, 2018 through August 30, 2022 $ million 1.99 % January 30, 2018 through August 30, 2022 $ 75 million 1.99 % January 30, 2018 through August 30, 2022 $ 75 million 2.00 % January 30, 2018 through August 30, 2022 $ 25 million 1.99 % The gain or loss on the swaps is recognized in other comprehensive (loss) income and reclassified into earnings as adjustments to interest expense in the same period or periods during which the swaps affect earnings. The following table provides information on the location and amounts of our swaps in the accompanying Consolidated Financial Statements (in thousands): Interest Rate Swap Derivatives Fair Value Fair Value December 30, December 31, Balance Sheet Location 2018 2017 Other current and long-term assets $ 4,905 $ 651 There were no derivatives that were not designated as hedging instruments. The effect of derivative instruments on the accompanying Consolidated Financial Statements is as follows (in thousands): Location of Gain Amount of Gain Derivatives - Amount of Gain or or (Loss) or (Loss) Total Interest Expense Cash Flow (Loss) Recognized Reclassified from Reclassified from on Consolidated Hedging in AOCI/AOCL AOCI/AOCL into AOCI/AOCL into Statements of Relationships on Derivative Income Income Operations Interest rate swaps: 2018 $ 3,222 Interest expense $ (22) $ (25,306) 2017 $ 891 Interest expense $ (421) $ (11,283) 2016 $ 940 Interest expense $ (1,161) $ (7,397) The weighted average interest rates on our debt, including the impact of the interest rate swap agreements, were 3.9%, 2.7% and 2.1% in fiscal 2018, 2017 and 2016, respectively. Interest paid, including payments made or received under the swaps, was $23.5 million in 2018, $10.8 million in 2017 and $7.1 million in 2016. As of December 30, 2018, the portion of the $4.9 million interest rate swap asset that would be reclassified into earnings during the next 12 months as interest income approximates $1.3 million.

Net Property and Equipment

Net Property and Equipment	12 Months Ended
	Dec. 30, 2018
Net Property and Equipment
Net Property and Equipment	12. Net Property and Equipment Net property and equipment consists of the following (in thousands): December 30, December 31, 2018 2017 Land $ 33,833 $ 33,994 Buildings and improvements 91,665 91,809 Leasehold improvements 125,192 125,204 Equipment and other 402,991 378,509 Construction in progress 11,491 10,983 Total property and equipment 665,172 640,499 Accumulated depreciation and amortization (438,278) (406,168) Net property and equipment $ 226,894 $ 234,331

Notes Receivable

Notes Receivable	12 Months Ended
	Dec. 30, 2018
Notes Receivable
Notes Receivable	13. Notes Receivable Selected domestic and international franchisees have borrowed funds from the Company, principally for use in the construction and development of their restaurants. In 2018, the Company also provided certain franchisees with royalty payment plans. We have also entered into loan agreements with certain franchisees that purchased restaurants from us or from other franchisees. Loans outstanding were approximately $28.8 million and $19.9 million on a consolidated basis as of December 30, 2018 and December 31, 2017, respectively, net of allowance for doubtful accounts. The majority of notes receivable bear interest at fixed or floating rates and are generally secured by the assets of each restaurant and the ownership interests in the franchisee. Interest income recorded on franchisee loans was approximately $750,000 in 2018, $579,000 in 2017 and $684,000 in 2016 and is reported in investment income in the accompanying Consolidated Statements of Operations. Based on our review of certain borrowers’ economic performance and underlying collateral value, we established allowances of $3.4 million and $1.0 million as of December 30, 2018 and December 31, 2017, respectively, for potentially uncollectible notes receivable. The following summarizes changes in our notes receivable allowance for doubtful accounts (in thousands): Balance as of December 25, 2016 $ 2,759 Recovered from costs and expenses (1,715) Deductions, including notes written off 3 Balance as of December 31, 2017 1,047 Recovered from costs and expenses (393) Additions, net of notes written off 2,715 Balance as of December 30, 2018 $ 3,369

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	12 Months Ended
	Dec. 30, 2018
Accrued Expenses and Other Current Liabilities
Accrued Expenses and Other Current Liabilities	14. Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consist of the following (in thousands): December 30, December 31, 2018 2017 Salaries, benefits and bonuses $ 12,979 $ 15,365 Insurance reserves, current 33,769 19,847 Purchases 11,336 11,364 Customer loyalty program (a) 18,019 4,276 Rent 3,932 3,794 Marketing 4,539 1,481 Deposits 1,415 3,091 Utilities 1,478 1,382 Consulting and professional fees 8,671 1,134 Legal costs 2,093 804 Other 7,481 7,755 Total $ 105,712 $ 70,293 (a) See Note 2 and Note 3 for additional information regarding the change in accounting for the customer loyalty program.

Other Long-term Liabilities

Other Long-term Liabilities	12 Months Ended
	Dec. 30, 2018
Other Long-term Liabilities
Other Long-term Liabilities	15. Other Long-term Liabilities Other long-term liabilities consist of the following (in thousands): December 30, December 31, 2018 2017 Deferred compensation plan $ 27,796 $ 28,690 Insurance reserves 42,144 21,995 Accrued rent 6,461 7,129 Other 2,923 2,332 Total $ 79,324 $ 60,146

Other General Expenses

Other General Expenses	12 Months Ended
	Dec. 30, 2018
Other General Expenses
Other General Expenses	16. Other General Expenses Other general expenses are included within General and administrative expenses and primarily consist of the following (in thousands): Year Ended December 30, December 31, December 25, 2018 2017 2016 Contribution to National Marketing Fund (a) $ 10,000 $ - $ - Re-imaging costs for restaurants and write-off of brand assets (b) 5,841 - - Provision (credit) for uncollectible accounts and notes receivable (c) 3,338 (1,441) (450) Loss on disposition of fixed assets 2,233 2,493 623 Papa Rewards (d) - 1,046 442 Franchise support initiative (e) 34 2,986 3,185 Other (1,725) 343 361 Other general expenses 19,721 5,427 4,161 Special Committee costs (f) 19,474 - - Administrative expenses 153,356 145,439 153,974 General and administrative expenses $ 192,551 $ 150,866 $ 158,135 (a) Incremental contributions to National Marketing Fund to increase marketing and promotional activities during 2018. See Note 19 for additional information. (b) During 2018, the Company paid for certain re-imaging costs for both Company-owned and franchise units. See Note 19 for additional information. (c) Bad debt recorded on accounts receivable and notes receivable. (d) Online customer loyalty program costs in 2017 and 2016. In 2018, the Company adopted Topic 606 with updated accounting guidelines for loyalty programs which are now recorded as a reduction to domestic Company-owned restaurants revenue. See Notes 3 and 4 for additional information. (e) Franchise incentives include incentives to franchisees for opening new restaurants. In 2018, the Company adopted Topic 606 with updated accounting guidelines for new store equipment incentives, which are now recorded as a reduction of commissary revenues. See Notes 3 and 4 for additional information. (f) C osts totaling approximately $19.5 million associated with the activities of the Special Committee of the Board of Directors, including legal and advisory costs related to the review of a wide range of strategic opportunities for the Company that culminated in the recent strategic investment in the Company by affiliates of Starboard Value LP, as well as a third-party audit of the culture of Papa John’s. See Note 19 for additional information.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 30, 2018
Income Taxes
Income Taxes	17. Income Taxes The following table presents the domestic and foreign components of income (loss) before income taxes for 2018, 2017 and 2016 (in thousands): 2018 2017 2016 Domestic income / (loss) $ (10,471) $ 122,828 $ 146,063 Foreign income 16,362 17,514 12,746 Total income $ 5,891 $ 140,342 $ 158,809 A summary of the provision (benefit) for income tax follows (in thousands): 2018 2017 2016 Current: Federal $ (5,324) $ 28,951 $ 32,477 Foreign 4,736 4,602 2,669 State and local 1,529 (234) 2,947 Deferred 1,705 498 11,624 Total income taxes $ 2,646 $ 33,817 $ 49,717 Significant deferred tax assets (liabilities) follow (in thousands): December 30, December 31, 2018 2017 Accrued liabilities $ 16,339 $ 11,378 Accrued bonuses 724 192 Other assets and liabilities 10,705 7,913 Equity awards 5,862 5,690 Other 2,196 2,178 Foreign net operating losses 1,555 2,773 Foreign tax credit carryforwards 7,230 4,707 Total deferred tax assets 44,611 34,831 Valuation allowance on foreign net operating and capital losses, foreign deferred tax assets, and foreign tax credit carryforwards (8,183) (7,415) Total deferred tax assets, net of valuation allowances 36,428 27,416 Deferred expenses (5,576) (6,912) Accelerated depreciation (24,239) (19,228) Goodwill (12,645) (12,248) Other (1,064) (989) Total deferred tax liabilities (43,524) (39,377) Net deferred liability $ (7,096) $ (11,961) The Company had approximately $5.3 million and $9.4 million of foreign net operating loss carryovers as of December 30, 2018 and December 31, 2017, respectively. The Company had approximately $0.6 million and $2.1 million of valuation allowances primarily related to these foreign net operating losses as of December 30, 2018 and December 31, 2017, respectively. A substantial majority of our foreign net operating losses do not have an expiration date. In addition, the Company had approximately $7.2 million in foreign tax credit carryforwards as of December 30, 2018 that expire 10 years from inception in years 2025 through 2028. Our ability to utilize these foreign tax credit carryforwards is dependent on our ability to generate foreign earnings in future years sufficient to claim foreign tax credits in excess of foreign taxes paid in those years. The Company provided a full valuation allowance of $7.2 million for these foreign tax credit carryforwards as we believe realization based on the more-likely-than-not criteria has not been met as of December 30, 2018. The reconciliation of income tax computed at the U.S. federal statutory rate to income tax expense for the years ended December 30, 2018, December 31, 2017 and December 25, 2016 is as follows in both dollars and as a percentage of income before income taxes ($ in thousands): 2018 2017 2016 Income Tax Income Income Tax Income Income Tax Income Expense Tax Rate Expense Tax Rate Expense Tax Rate Tax at U.S. federal statutory rate $ 1,237 21.0 % $ 49,120 35.0 % $ 55,583 35.0 % State and local income taxes 150 2.6 % 2,432 1.7 % 2,972 1.9 % Foreign income taxes 4,879 82.8 % 5,306 3.8 % 3,143 2.0 % Income of consolidated partnerships attributable to noncontrolling interests (371) (6.3) % (1,554) (1.1) % (2,312) (1.4) % Non-qualified deferred compensation plan (income) loss 483 8.2 % (1,236) (0.9) % (428) (0.3) % Excess tax benefits on equity awards 447 7.6 % (1,879) (1.4) % — — % Remeasurement of deferred taxes — — % (7,020) (5.0) % — — % Tax credits (6,945) (117.9) % (6,909) (4.9) % (6,771) (4.3) % Disposition of China 4,118 69.9 % — — % — % Other (1,352) 17.5 % (4,443) (3.1) % (2,470) (1.6) % Total $ 2,646 85.4 % $ 33,817 24.1 % $ 49,717 31.3 % Income taxes paid were $14.0 million in 2018, $37.2 million in 2017 and $35.1 million in 2016. On December 22, 2017, the Tax Cuts and Jobs Act, (the “Tax Act”) was signed into law. The Tax Act contains substantial changes to the Internal Revenue Code, including a reduction of the corporate tax rate from 35% to 21% effective January 1, 2018. Upon enactment, 2017 deferred tax assets and liabilities were remeasured. This remeasurement yielded a benefit of approximately $7.0 million in the fourth quarter of 2017. At December 30, 2018 the Company has completed its analysis of the Tax Act. See Note 2 for additional information. The Company files income tax returns in the U.S. federal jurisdiction and various states and foreign jurisdictions. The Company, with few exceptions, is no longer subject to U.S. federal, state and local, or non-U.S. income tax examinations by tax authorities for years before 2014. The Company is currently undergoing examinations by various tax authorities. The Company anticipates that the finalization of these current examinations and other issues could result in a decrease in the liability for unrecognized tax benefits (and a decrease of income tax expense) of approximately $240,000 during the next 12 months. The Company had $2.0 million of unrecognized tax benefits at December 30, 2018 which, if recognized, would affect the effective tax rate. A reconciliation of the beginning and ending liability for unrecognized tax benefits excluding interest and penalties is as follows, which is recorded as an other long-term liability (in thousands): Balance at December 25, 2016 $ 4,827 Additions for tax positions of current year 134 Additions for tax positions of prior years (2,862) Reductions for lapse of statute of limitations (71) Balance at December 31, 2017 2,028 Additions for tax positions of current year 510 Reductions for tax positions of prior years (515) Reductions for lapse of statute of limitations — Balance at December 30, 2018 $ 2,023 The Company recognizes accrued interest and penalties related to unrecognized tax benefits as part of income tax expense. The Company’s 2018 and 2017 income tax expense includes interest expense of $39,000 and a benefit of $416,000, respectively. The Company has accrued approximately $165,000 and $124,000 for the payment of interest and penalties as of December 30, 2018 and December 31, 2017, respectively.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 30, 2018
Related Party Transactions
Related Party Transactions	18. Related Party Transactions Certain of our officers and directors own equity interests in entities that franchise restaurants. Following is a summary of full-year transactions and year-end balances with franchisees owned by related parties (in thousands): 2018 2017 2016 Revenues from affiliates: North America commissary sales $ 2,653 $ 2,619 $ 2,372 Other sales 238 336 248 North America franchise royalties and fees 429 439 413 Total $ 3,320 $ 3,394 $ 3,033 December 30, December 31, 2018 2017 Accounts receivable affiliates $ 69 $ 86 The revenues from affiliates were at rates and terms available to independent franchisees. We had the following transactions with PJMF: · Papa John’s contributed $10.0 million to the PJMF for additional advertising in 2018. See Notes 16 and 19 for additional information. · PJMF reimbursed Papa John’s $900,000, $1.6 million and $1.1 million in 2018, 2017, and 2016, respectively, for certain costs associated with national pizza giveaways awarded to our online loyalty program customers. · PJMF reimbursed Papa John’s $1.0 million in 2018, $1.3 million in 2017 and $1.4 million in 2016 for certain administrative services (i.e. marketing, accounting, and information services), graphic design services, services and expenses of our founder as former brand spokesman, and for software maintenance fees. We paid $300,000 in 2018, $446,000 in 2017 and $732,000 in 2016 for charter aircraft services provided by an entity owned by board member, John H. Schnatter. See Note 19 for additional information.

Litigation, Commitments and Con

Litigation, Commitments and Contingencies	12 Months Ended
	Dec. 30, 2018
Litigation, Commitments and Contingencies
Litigation, Commitments and Contingencies	19. Litigation, Commitments and Contingencies Litigation The Company is involved in a number of lawsuits, claims, investigations and proceedings, including those specifically identified below, consisting of intellectual property, employment, consumer, commercial and other matters arising in the ordinary course of business. In accordance with ASC 450 “Contingencies,” the Company has made accruals with respect to these matters, where appropriate, which are reflected in the Company’s consolidated financial statements. We review these provisions at least quarterly and adjust these provisions to reflect the impact of negotiations, settlements, rulings, advice of legal counsel and other information and events pertaining to a particular case. Ameranth, Inc. vs Papa John’s International, Inc. In August 2011, Ameranth, Inc. (“Ameranth”) filed various patent infringement actions against a number of defendants, including the Company, in the U.S. District Court for the Southern District of California (the “California Court”), which were consolidated by the California Court in October 2012 (the “Consolidated Case”). The Consolidated Case was stayed until January 2018 when Ameranth decided to proceed on only one patent, after the Company received a favorable decision by the Patent and Trademark Office on certain other patents. A Markman hearing was held in December 2017, which did not dispose of Ameranth’s claims, and the California Court set a jury trial date of for the claims against the Company. However, on September 25, 2018, the California Court granted the defendants’ Motion for Summary Judgment and found that the Ameranth patent at issue was invalid. Ameranth filed an appeal on October 25, 2018, which is currently being briefed by the parties. The California Court has issued a stay of the case pending the outcome of the appeal, and the Company does not expect a decision until early 2020. The Company believes this case lacks merit and that it has strong defenses to all of the infringement claims. The Company intends to defend the suit vigorously. However, the Company is unable to predict the likelihood of success of Ameranth’s appeal. The Company has not recorded a liability related to this lawsuit as of December 30, 2018, as it does not believe a loss is probable or reasonably estimable. Durling et al v. Papa John’s International, Inc. , is a conditionally certified collective action filed in May 2016 in the United States District Court for the Southern District of New York (“the New York Court”), alleging that corporate restaurant delivery drivers were not properly reimbursed for vehicle mileage and expenses in accordance with the Fair Labor Standards Act ("FLSA"). In July 2018, the New York Court granted a motion to certify a conditional corporate collective class and the opt-in notice process has been completed. As of the close of the opt-in period on October 29, 2018, approximately 9,571 drivers opted into the collective class. On February 5, 2019, the Court denied Plaintiffs’ request to amend their complaint. The Company continues to deny any liability or wrongdoing in this matter and intends to vigorously defend this action. The Company has not recorded any liability related to this lawsuit it does not believe a loss is probable or reasonably estimable. Other Matters We have experienced negative publicity and consumer sentiment as a result of statements by the Company’s founder and former spokesperson John H. Schnatter in late 2017 and in July 2018, which contributed to our negative sales results in 2018. Mr. Schnatter resigned as Chairman of the Board on July 11, 2018, the same day that the media reported certain controversial statements made by Mr. Schnatter. A Special Committee of the Board of Directors consisting of all of the independent directors (the “Special Committee”) was formed on July 15, 2018 to evaluate and take action with respect to all of the Company’s relationships and arrangements with Mr. Schnatter. In addition, on July 27, 2018, the Company announced that the Board’s Lead Independent Director, Olivia F. Kirtley, had been unanimously appointed by the Board of Directors to serve as Chairman of the Company’s Board of Directors. Following its formation, the Special Committee terminated Mr. Schnatter’s Founder Agreement, which defined his role in the Company, among other things, as advertising and brand spokesperson for the Company. The Special Committee oversaw the previously announced external audit and investigation of all the Company’s existing processes, policies and systems related to diversity and inclusion, supplier and vendor engagement and Papa John’s culture, which is substantially complete. The Special Committee has delivered recommendations resulting from the audit to Company management, who will implement the recommendations, including initiatives and training regarding Diversity, Equity, and Inclusion. The Company is also implementing various branding and marketing initiatives, including a new advertising and marketing campaign. In 2018, the Company incurred significant costs (defined as “Special charges”) as a result of the above-mentioned recent events . We incurred $50.7 million of Special charges as follows: · franchise royalty reductions of approximately $15.4 million for all North America franchisees, · reimaging costs at domestic and international restaurants and replacement or write off of certain branded assets totaling $5.8 million, · contribution of $10.0 million to the Papa John’s Marketing Fund for additional advertising, and · legal and professional fees, which amounted to $19.5 million, for various matters relating to the review of a wide range of strategic opportunities for the Company that culminated in the recent strategic investment in the Company by affiliates of Starboard, as well as a previously announced external culture audit and other activities overseen by the Special Committee. The franchise royalty reductions reduce the amount of North America franchise royalties and fees revenues within our Consolidated Statements of Operations. All other costs associated with these events are included in General and administrative expenses within the Consolidated Statements of Operations. See Note 16 for additional details. On July 26, 2018, John H. Schnatter filed a complaint in the Court of Chancery of the State of Delaware seeking to inspect certain books and records of the Company. On January 15, 2019, the Court of Chancery of the State of Delaware issued an opinion that Mr. Schnatter was entitled to review a limited set of documents and e-mails related to his change in position. While the Company believes that the request for inspection is not for a proper purpose under Delaware law, the Company is complying with the decision of the Court of Chancery of the State of Delaware. On August 30, 2018, Mr. Schnatter filed a lawsuit in the Court of Chancery of the State of Delaware against the Company, its chief executive officer, and the members of the Special Committee, claiming breaches of fiduciary duty. On September 21, 2018, Mr. Schnatter amended his complaint to drop the chief executive officer as a defendant. Mr. Schnatter seeks a number of injunctions forbidding the Special Committee from taking various actions and seeks to invalidate the Company’s stockholder rights plan. On February 13, 2019, Mr. Schnatter filed a second amended complaint challenging certain provisions of the Company’s stockholder rights plan and terms of the governance agreement with the third party investor, Starboard Value LP. The action was dismissed without prejudice pursuant to the terms of a March 4, 2019 agreement entered into between the Company and Mr. Schnatter. On August 30, 2018, a class action lawsuit was filed in the United States District Court, Southern District of New York, Danker v. Papa John’s International, Inc. et al , on behalf of a class of investors who purchased or acquired stock in Papa John's through a period up to and including July 19, 2018. The complaint alleges violations of Sections l0(b) and 20(a) of the Securities Exchange Act of 1934. The District Court has appointed the Oklahoma Law Enforcement Retirement System to lead the case and has also issued a scheduling order for the case to proceed. An amended complaint was filed on February 13, 2019. The Company believes that it has valid and meritorious defenses to these suits and intends to vigorously defend against them. The Company has not recorded any liability related to these lawsuits as of December 30, 2018 as it does not believe a loss is probable or estimable. Leases We lease office, retail and commissary space under operating leases, which have an average term of five years and provide for at least one renewal. Certain leases further provide that the lease payments may be increased annually based on the fixed rate terms or adjustable terms such as the Consumer Price Index. We also lease the tractors and trailers used by our distribution subsidiary, (“PJFS”), for an average period of seven years. PJUK, our subsidiary located in the United Kingdom, also leases certain retail space, which is primarily subleased to our franchisees. Total sublease income for sites to our franchisees and other third parties, the majority of which were with PJUK, were $8.6 million, $7.4 million and $7.5 million in 2018, 2017 and 2016, respectively. Total lease expense was $44.8 million, $45.0 million, and $45.0 million in 2018, 2017, and 2016, respectively. Future lease costs and future expected sublease income as of December 30, 2018, are as follows (in thousands): Future Expected Gross Lease Sublease Year Costs Income 2019 $ 40,834 $ 8,079 2020 36,631 8,061 2021 31,159 7,818 2022 25,188 7,462 2023 18,694 7,182 Thereafter 57,304 42,518 Total $ 209,810 $ 81,120 As a

Equity Compensation

Equity Compensation	12 Months Ended
	Dec. 30, 2018
Equity Compensation
Equity Compensation	20. Equity Compensation We award stock options, time-based restricted stock and performance-based restricted stock units from time to time under the Papa John’s International, Inc. 2018 Omnibus Incentive Plan. There are approximately 6.6 million shares of common stock authorized for issuance and remaining available under the 2018 Omnibus Incentive Plan as of December 30, 2018, which includes 5.3 million shares transferred from the Papa John’s International 2011 Omnibus Incentive Plan. Option awards are granted with an exercise price equal to the market price of the Company’s stock at the date of grant. Options outstanding as of December 30, 2018 generally expire ten years from the date of grant and generally vest over a three-year period. We recorded stock-based employee compensation expense of $9.9 million in 2018, $10.4 million in 2017 and $10.1 million in 2016. The total related income tax benefit recognized in the Consolidated Statement of Operations was $2.3 million in 2018, $3.8 million in 2017 and $3.7 million in 2016. At December 30, 2018, there was $16.8 million of unrecognized compensation cost related to nonvested option awards and time-based restricted stock units, of which the Company expects to recognize $10.2 million in 2019, $6.2 million in 2020 and $400,000 in 2021. Stock Options Options exercised, which were issued from authorized shares, included 75,000 shares in 2018, 147,000 shares in 2017 and 478,000 shares in 2016. The total intrinsic value of the options exercised during 2018, 2017 and 2016 was $1.5 million, $5.2 million and $18.6 million, respectively. Cash received upon the exercise of stock options was $2.7 million, $6.3 million and $7.1 million during 2018, 2017 and 2016, respectively, and the related tax (expense) or benefits realized were approximately ($300,000), $1.9 million and $6.9 million during the corresponding periods. Information pertaining to option activity during 2018 is as follows (number of options and aggregate intrinsic value in thousands): Weighted Average Weighted Remaining Number Average Contractual Aggregate of Exercise Term Intrinsic Options Price (In Years) Value Outstanding at December 31, 2017 $ Granted Exercised (75) Cancelled (219) Outstanding at December 30, 2018 $ $ Exercisable at December 30, 2018 $ $ The following is a summary of the significant assumptions used in estimating the fair value of options granted in 2018, 2017 and 2016: 2018 2017 2016 Assumptions (weighted average): Risk-free interest rate 2.7 % 2.0 % 1.3 % Expected dividend yield 1.5 % 1.0 % 1.2 % Expected volatility 27.6 % 26.7 % 27.4 % Expected term (in years) 5.6 5.6 5.5 The risk-free interest rate for the periods within the contractual life of an option is based on the U.S. Treasury yield curve in effect at the time of grant. The expected dividend yield was estimated as the annual dividend divided by the market price of the Company’s shares on the date of grant. Expected volatility was estimated by using the Company’s historical share price volatility for a period similar to the expected life of the option. Options granted generally vest in equal installments over three years and expire ten years after grant. The expected term for these options represents the period of time that options granted are expected to be outstanding and was calculated using historical experience. The weighted average grant-date fair values of options granted during 2018, 2017 and 2016 was $15.27, $19.88 and $13.96, respectively. The Company granted options to purchase 456,000, 315,000 and 403,000 shares in 2018, 2017 and 2016, respectively. Restricted Stock and Restricted Stock Units We granted shares of restricted stock that are time-based and generally vest in equal installments over three years (260,000 in 2018, 73,000 in 2017 and 85,000 in 2016). Upon vesting, the shares are issued from treasury stock. These restricted shares are intended to focus participants on our long-range objectives, while at the same time serving as a retention mechanism. We consider time-based restricted stock awards to be participating securities because holders of such shares have non-forfeitable dividend rights. We declared dividends totaling $185,000 ($0.90 per share) in 2018, $128,000 ($0.85 per share) in 2017 and $117,000 ($0.75 per share) in 2016 to holders of time-based restricted stock. Additionally, we granted stock settled performance-based restricted stock units to executive management (70,000 units in 2018, 13,000 units in 2017, and 14,000 units in 2016). The vesting of these awards (a three-year cliff vest) is dependent upon the Company’s achievement of a compounded annual growth rate of earnings per share and the achievement of certain sales and unit growth metrics. Upon vesting, the shares are issued from authorized shares. The fair value of both time-based restricted stock and performance-based restricted stock units is based on the market price of the Company’s shares on the grant date. Information pertaining to these awards during 2018 is as follows (shares in thousands): Weighted Average Grant-Date Shares Fair Value Total as of December 31, 2017 181 $ 69.11 Granted 330 57.37 Forfeited (54) 64.67 Vested (87) 66.59 Total as of December 30, 2018 370 $ 59.84

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 30, 2018
Employee Benefit Plans
Employee Benefit Plans	21. Employee Benefit Plans We have established the Papa John’s International, Inc. 401(k) Plan (the “401(k) Plan”), as a defined contribution benefit plan, in accordance with Section 401(k) of the Internal Revenue Code. The 401(k) Plan is open to employees who meet certain eligibility requirements and allows participating employees to defer receipt of a portion of their compensation and contribute such amount to one or more investment funds. At our discretion, we may make matching contribution payments, which are subject to vesting based on an employee’s length of service with us. In addition, we maintain a non-qualified deferred compensation plan available to certain employees and directors. Under this plan, the participants may defer a certain amount of their compensation, which is credited to the participants’ accounts. The participant-directed investments associated with this plan are included in other long-term assets ($27.8 million and $28.6 million at December 30, 2018 and December 31, 2017, respectively) and the associated liabilities ($27.8 million and $28.7 million at December 30, 2018 and December 31, 2017, respectively) are included in other long-term liabilities in the accompanying Consolidated Balance Sheets. At our discretion, we contributed a matching payment of 1.5% in 2018 and 3% in 2017 and 2016, up to a maximum of 6% deferred, in 2018, 2017 and 2016, of a participating employee’s earnings deferred into both the 401(k) Plan and the non-qualified deferred compensation plan. Such costs were $1.1 million in 2018, $2.3 million in 2017 and $2.6 million in 2016.

Segment Information

Segment Information	12 Months Ended
	Dec. 30, 2018
Segment Information
Segment Information	22. Segment Information We have four reportable segments: domestic Company-owned restaurants, North America commissaries, North America franchising and international operations. The domestic Company-owned restaurant segment consists of the operations of all domestic (“domestic” is defined as contiguous United States) Company-owned restaurants and derives its revenues principally from retail sales of pizza and side items, including breadsticks, cheesesticks, chicken poppers and wings, dessert items and canned or bottled beverages. The North America commissary segment consists of the operations of our regional dough production and product distribution centers and derives its revenues principally from the sale and distribution of food and paper products to domestic Company-owned and franchised restaurants in the United States and Canada. The North America franchising segment consists of our franchise sales and support activities and derives its revenues from sales of franchise and development rights and collection of royalties from our franchisees located in the United States and Canada. The international segment principally consists of distribution sales to franchised Papa John’s restaurants located in the United Kingdom and Mexico and our franchise sales and support activities, which derive revenues from sales of franchise and development rights and the collection of royalties from our international franchisees. International franchisees are defined as all franchise operations outside of the United States and Canada. All other business units that do not meet the quantitative thresholds for determining reportable segments, which are not operating segments, we refer to as “all other,” which consists of operations that derive revenues from the sale, principally to Company-owned and franchised restaurants, of printing and promotional items, franchise contributions to marketing funds and information systems and related services used in restaurant operations, including our point-of-sale system, online and other technology-based ordering platforms. Generally, we evaluate performance and allocate resources based on profit or loss from operations before income taxes and intercompany eliminations. Certain administrative and capital costs are allocated to segments based upon predetermined rates or actual estimated resource usage. We account for intercompany sales and transfers as if the sales or transfers were to third parties and eliminate the activity in consolidation. Our reportable segments are business units that provide different products or services. Separate management of each segment is required because each business unit is subject to different operational issues and strategies. No single external customer accounted for 10% or more of our consolidated revenues (see Note 2). Our segment information is as follows: (In thousands) 2018 2017 2016 Revenues Domestic Company-owned restaurants $ 692,380 $ 816,718 $ 815,931 North America commissaries 609,866 673,712 623,883 North America franchising 79,293 106,729 102,980 International 131,268 126,285 113,103 All others 60,509 59,915 57,723 Total revenues $ 1,573,316 $ 1,783,359 $ 1,713,620 Intersegment revenues: North America commissaries $ 201,325 $ 244,699 $ 236,896 North America franchising 2,965 3,342 2,869 International 283 273 269 All others 30,696 16,715 16,410 Total intersegment revenues $ 235,269 $ 265,029 $ 256,444 Depreciation and amortization: Domestic Company-owned restaurants $ 15,411 $ 15,484 $ 16,028 North America commissaries 7,397 6,897 6,027 International 1,696 2,018 2,188 All others 8,513 5,276 3,830 Unallocated corporate expenses 13,386 13,993 12,914 Total depreciation and amortization $ 46,403 $ 43,668 $ 40,987 Income (loss) before income taxes: Domestic Company-owned restaurants (1) $ 18,988 $ 47,548 $ 75,136 North America commissaries (2) 27,961 47,844 46,325 North America franchising (3) 70,732 96,298 91,669 International (4) 14,399 15,888 11,408 All others (2) (5) (6,888) (179) 1,467 Unallocated corporate expenses (2) (3) (5) (118,296) (66,099) (64,791) Elimination of intersegment (profits) losses (1,005) (958) (2,405) Total (loss) income before income taxes $ 5,891 $ 140,342 $ 158,809 (1) Includes a $300,000 and $11.6 million refranchising loss/gain in 2018 and 2016, respectively. See Note 9 for additional information. (2) The Company refined its overhead allocation process in 2018 resulting in transfers of expenses from Unallocated corporate expenses of $13.2 million to other segments, primarily North America commissaries of $7.9 million and All others of $3.5 million for the year ended December 30, 2018. (3) Includes Special charges of $15.4 million in North America franchising and $35.3 million in Unallocated corporate expenses for the year ended December 30, 2018, as detailed in Note 16. See Note 19 for additional information. (4) Includes a $1.7 million and $1.4 million impairment loss in 2017 and 2016, respectively. See Note 9 for additional information. (5) Certain prior year amounts have been reclassified to conform to current year presentation. (In thousands) 2018 2017 2016 Property and equipment: Domestic Company-owned restaurants $ 236,526 $ 235,640 $ 225,081 North America commissaries 140,309 136,701 128,469 International 17,218 17,257 15,673 All others 71,880 58,977 55,586 Unallocated corporate assets 199,239 191,924 192,548 Accumulated depreciation and amortization (438,278) (406,168) (386,884) Net property and equipment $ 226,894 $ 234,331 $ 230,473 Expenditures for property and equipment: Domestic Company-owned restaurants $ 13,568 $ 15,245 $ 16,257 North America commissaries 3,994 14,767 14,164 International 986 1,884 4,390 All others 13,438 8,239 7,897 Unallocated corporate 10,042 12,458 12,846 Total expenditures for property and equipment $ 42,028 $ 52,593 $ 55,554

Quarterly Data - Unaudited, in

Quarterly Data - Unaudited, in Thousands, except Per Share Data	12 Months Ended
	Dec. 30, 2018
Quarterly Data - Unaudited, in Thousands, except Per Share Data
Quarterly Data - Unaudited, in Thousands, except Per Share Data	23. Quarterly Data - Unaudited, in Thousands, except Per Share Data Our quarterly select financial data is as follows: Quarter 2018 1st 2nd 3rd 4th Total revenues $ $ $ $ Operating income (loss) (13,990) (8,314) Net income (loss) attributable to the Company (a) (13,033) (13,849) Basic earnings per common share (a) $ $ $ (0.41) $ (0.44) Diluted earnings per common share (a) $ $ $ (0.41) $ (0.44) Dividends declared per common share $ $ $ $ Quarter 2017 1st 2nd 3rd 4th Total revenues $ $ $ $ Operating income Net income attributable to the Company (b) Basic earnings per common share (b) $ $ $ $ Diluted earnings per common share (b) $ $ $ $ Dividends declared per common share $ $ $ $ (a) The year ended December 30, 2018 was impacted by the following: i. The second quarter of 2018 includes an after income tax loss of $1.6 million and an unfavorable impact of $0.05 on basic and diluted EPS from the sale of our Company-owned stores in China. See Note 9 for additional information. ii. The second quarter of 2018 also includes a tax increase of $2.4 million and an unfavorable impact of $0.07 on basic and diluted EPS related to the refranchising our China stores. See Note 17 for additional information. iii. The third and fourth quarters of 2018 include an after income tax loss of $19.3 million and $19.7 million, respectively, and unfavorable impact on diluted EPS of $0.61 and $0.63, respectively, from Special charges. See Note 19 for additional information. iv. The fourth quarter of 2018 includes an after tax gain of $1.3 million and a favorable impact of $0.04 on basic and diluted EPS related to the Company’s refranchising of Company-owned restaurants. (b) The year ended December 31, 2017 was impacted by the following: i. The fourth quarter of 2017 includes an after income tax loss of $1.3 million and an unfavorable impact of $0.04 on basic and diluted EPS from an impairment charge related to our Company-owned stores in China. See Note 9 for additional information. ii. The fourth quarter of 2017 also includes a tax benefit of $7.0 million and favorable impact of $0.20 on basic and diluted EPS related to the “Tax Cuts and Jobs Act” that was signed in 2017. See Note 17 for additional information. iii. The fourth quarter of 2017 includes an after income tax benefit of $3.9 million and favorable impact on diluted EPS of $0.11 from a 14th week of operations. (c) Quarterly earnings per share on a full-year basis may not agree to the Consolidated Statements of Operations due to rounding.

Reclassifications of Prior Year

Reclassifications of Prior Year Balances	12 Months Ended
	Dec. 30, 2018
Basis of Presentation
Reclassifications of Prior Year Balances	24. Reclassifications of Prior Year Balances Papa John's International, Inc. and Subsidiaries Consolidated Statements of Operations Summary of Statement of Operations Presentation Reclassifications Year Ended December 31, 2017 (In thousands, except per share amounts) As reported Reclassifications Adjusted Revenues: North America commissary and other sales (1) $ 733,627 $ (59,915) $ 673,712 International (2) 126,285 (12,264) 114,021 Other revenues (1) (2) - 72,179 72,179 Costs and expenses: North America commissary and other expenses (1) $ 685,206 $ (53,669) $ 631,537 International expenses (2) 78,971 (8,349) 70,622 Other expenses (1) (2) (3) - 69,335 69,335 General and administrative expenses (3) 158,183 (7,317) 150,866 Year Ended December 25, 2016 (In thousands, except per share amounts) As reported Reclassifications Adjusted Revenues: North America commissary and other sales (1) $ 681,606 $ (57,723) $ 623,883 International (2) 113,103 (12,199) 100,904 Other revenues (1) (2) - 69,922 69,922 Costs and expenses: North America commissary and other expenses (1) $ 631,475 $ (51,641) $ 579,834 International expenses (2) 71,509 (8,935) 62,574 Other expenses (1) (2) (3) - 66,253 66,253 General and administrative expenses (3) 163,812 (5,677) 158,135 As shown in the table above we have reclassified certain prior year amounts within the Consolidated Statements of Operations for the years ended December 31, 2017 and December 25, 2016 in order to conform with current year presentation. These reclassifications had no effect on previously reported total consolidated revenues, total costs and expenses and net income. (1) Includes reclassification of previous amounts reported in North America commissary and other sales and expenses including print and promotional items, information systems and related services used in restaurant operations, including our point of sale system, online and other technology-based ordering platforms. (2) Includes reclassification of previous amounts reported in International related to advertising expenses and rental income and expenses for United Kingdom head leases which are subleased to United Kingdom franchisees. (3) Includes reclassification of various technology related expenditures for fee-based services discussed in (1) above and advertising expenses to be consistent with 2018 presentation.

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 30, 2018
Schedule II - Valuation and Qualifying Accounts
Schedule II - Valuation and Qualifying Accounts	Schedule II - Valuation and Qualifying Accounts Charged to Balance at (recovered from) Balance at Beginning of Costs and Additions / End of Classification Year Expenses (Deductions) Year (in thousands) Fiscal year ended December 30, 2018 Deducted from asset accounts: Reserve for uncollectible accounts receivable $ 2,271 $ 5,154 $ (5,308) (1) $ 2,117 Reserve for franchisee notes receivable 1,047 (393) 2,715 (1) 3,369 Valuation allowance on deferred tax assets 7,415 (1,754) 2,522 8,183 $ 10,733 $ 3,007 $ (71) $ 13,669 Fiscal year ended December 31, 2017 Deducted from asset accounts: Reserve for uncollectible accounts receivable $ 1,486 $ 1,744 $ (959) (1) $ 2,271 Reserve for franchisee notes receivable 2,759 (1,715) 3 (1) 1,047 Valuation allowance on deferred tax assets 5,462 (407) 2,360 7,415 $ 9,707 $ (378) $ 1,404 $ 10,733 Fiscal year ended December 25, 2016 Deducted from asset accounts: Reserve for uncollectible accounts receivable $ 2,447 $ 659 $ (1,620) (1) $ 1,486 Reserve for franchisee notes receivable 3,653 (250) (644) (1) 2,759 Valuation allowance on deferred tax assets 2,866 249 2,347 5,462 $ 8,966 $ 658 $ 83 $ 9,707 (1) Uncollectible accounts written off and reclassifications between accounts and notes receivable reserves.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 30, 2018
Significant Accounting Policies
Principles of Consolidation	Principles of Consolidation The accompanying Consolidated Financial Statements include the accounts of Papa John’s and its subsidiaries. All intercompany balances and transactions have been eliminated.
Variable Interest Entity	Variable Interest Entity Papa John’s domestic restaurants, both Company-owned and franchised, participate in Papa John’s Marketing Fund, Inc. (“PJMF”), a nonstock corporation designed to operate at break-even for the purpose of designing and administering advertising and promotional programs for all participating domestic restaurants. PJMF is a variable interest entity (“VIE”) as it does not have sufficient equity to fund its operations without ongoing financial support and contributions from its members. Based on the ownership and governance structure and operating procedures of PJMF, we have determined that we do not have the power to direct the most significant activities of PJMF and are therefore not the primary beneficiary. Accordingly, consolidation of PJMF is not appropriate .
Fiscal Year	Fiscal Year Our fiscal year ends on the last Sunday in December of each year. All fiscal years presented consist of 52 weeks except for the 2017 fiscal year, which consisted of 53 weeks.
Use of Estimates	Use of Estimates The preparation of Consolidated Financial Statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and accompanying notes. Significant items that are subject to such estimates and assumptions include allowance for doubtful accounts and notes receivable, intangible assets, contract assets and contract liabilities including the online customer loyalty program obligation, insurance reserves and tax reserves. Although management bases its estimates on historical experience and assumptions that are believed to be reasonable under the circumstances, actual results could significantly differ from these estimates.
Revenue Recognition	Revenue Recognition Revenue is measured based on consideration specified in contracts with customers and excludes waivers or incentives and amounts collected on behalf of third parties, primarily sales tax. The Company recognizes revenue when it satisfies a performance obligation by transferring control over a product or service to a customer. Taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction, that are collected by the Company from a customer, are excluded from revenue. Delivery costs, including freight associated with our domestic commissary and other sales, are accounted for as fulfillment costs and are included in operating costs. As further described in Accounting Standards Adopted and Note 3, the Company adopted ASC Topic 606, “Revenue from Contracts with Customers” (“Topic 606”), in the first quarter of 2018. Prior year revenue recognition follows ASC Topic 605, “Revenue Recognition.” The following describes principal activities, separated by major product or service, from which the Company generates its revenues: Company-owned Restaurant Sales The domestic and international Company-owned restaurants principally generate revenue from retail sales of high-quality pizza, side items including breadsticks, cheesesticks, chicken poppers and wings, dessert items and canned or bottled beverages. Revenues from Company-owned restaurants are recognized when the products are delivered to or carried out by customers. Our North American customer loyalty program, Papa Rewards, is a spend-based program that rewards customers with points for each online purchase. Papa Rewards points are accumulated and redeemed. During the fourth quarter of 2018, the program transitioned from product based rewards to dollar off discounts (“Papa Dough”) which can be used on future purchases within a six month expiration window. The accrued liability in the Consolidated Balance Sheets, and corresponding reduction of Company-owned restaurant sales in the Consolidated Statements of Operations, is for the estimated reward redemptions at domestic Company-owned restaurants based upon estimated redemption patterns. Currently, the liability related to Papa Rewards is calculated using the estimated redemption value for which the points and accumulated rewards are expected to be redeemed. Revenue is recognized when the customer redeems the Papa Dough reward. Prior to the adoption of Topic 606, the liability related to Papa Rewards was estimated using the incremental cost accrual model which was based on the expected cost to satisfy the award and the corresponding expense was recorded in general and administrative expenses in the Consolidated Statements of Operations. Franchise Royalties and Fees Franchise royalties which are based on a percentage of franchise restaurant sales are recognized as sales occur. Any royalty reductions, including waivers or those offered as part of a new store development incentive or as incentive for other behaviors including acceleration of restaurant remodels or equipment upgrades, are recognized at the same time as the related royalty as they are not separately distinguishable from the full royalty rate. Franchise royalties are billed on a monthly basis. The majority of initial franchise license fees and area development exclusivity fees are from international locations. Initial franchise license fees are billed at the store opening date. Area development exclusivity fees are billed upon execution of the development agreements which grant the right to develop franchised restaurants in future periods in specific geographic areas. Area development exclusivity fees are included in deferred revenue in the Consolidated Balance Sheets and allocated on a pro rata basis to all stores opened under that specific development agreement. The pre-opening services provided to franchisees do not contain separate and distinct performance obligations from the franchise right; thus, the fees collected will be amortized on a straight-line basis beginning at the store opening date through the term of the franchise agreement, which is typically 10 years. Franchise license renewal fees for both domestic and international locations, which generally occur every 10 years, are billed before the renewal date. Fees received for future license renewal periods are amortized over the life of the renewal period. For periods prior to adoption of Topic 606, revenue was recognized when we performed our obligations related to such fees, primarily the store opening date for initial franchise fees and area development fees, or the date the renewal option was effective for license renewal fees. The Company offers various incentive programs for franchisees including royalty incentives, new restaurant opening incentives (i.e. development incentives) and other support initiatives. Royalties and franchise fees sales are reduced to reflect any royalty incentives earned or granted under these programs that are in the form of discounts. Commissary Sales Commissary sales are comprised of food and supplies sold to franchised restaurants and are recognized as revenue upon shipment or delivery of the related products to the franchisees. Payments are generally due within 30 days. As noted above, there are various incentive programs available to franchisees related to new restaurant openings including discounts on initial commissary orders and new store equipment incentives, at substantially no cost to franchisees. Commissary sales are reduced to reflect incentives in the form of direct discounts on initial commissary orders. The new store equipment incentive is also recorded as a reduction of commissary sales over the term of the incentive agreement, which is generally three to five years. Other Revenues Fees for information services, including software maintenance fees, help desk fees and online ordering fees are recognized as revenue as such services are provided and are included in other revenue. Revenues for printing, promotional items, and direct mail marketing services are recognized upon shipment of the related products to franchisees and other customers. Direct mail advertising discounts are also periodically offered by our Preferred Marketing Solutions subsidiary. Other revenues are reduced to reflect these advertising discounts. Rental income, primarily derived from properties leased by the Company and subleased to franchisees in the United Kingdom, is recognized on a straight-line basis over the respective operating lease terms, in accordance with ASC Topic 840, “Leases.” The Company does not expect a significant impact on rental income upon adoption of the new lease accounting guidance, ASU 2016-02, “Leases,” effective December 31, 2018 (at the beginning of fiscal year 2019). Franchise Marketing Fund revenues represent contributions collected by various international and domestic marketing funds (“Co-op” or “Co-operative”) where we have determined that we have control over the activities of the fund. Contributions are based on a percentage of monthly restaurant sales. The adoption of Topic 606 revised the principal versus agent determination of these arrangements. When we are determined to be the principal in these arrangements, advertising fund contributions and expenditures are reported on a gross basis in the Consolidated Statements of Operations. Our obligation related to these funds is to develop and conduct advertising activities in a specific country, region, or market, including the placement of electronic and print materials. Marketing fund contributions are billed monthly. For periods prior to the adoption of Topic 606, the revenues and expenses of certain international advertising funds and the Co-op Funds in which we possess majority voting rights, were included in our Consolidated Statements of Operations on a net basis as we previously concluded we were the agent in regard to the funds based upon principal/agent determinations in industry-specific guidance that was in effect during those time periods.
Advertising and Related Costs	Advertising and Related Costs Advertising and related costs of $60.8 million, $72.3 million and $70.9 million in 2018, 2017 and 2016, respectively, include the costs of domestic Company-owned local restaurant activities such as mail coupons, door hangers and promotional items and contributions to PJMF and various local market cooperative advertising funds (“Co-op Funds”). Contributions by domestic Company-owned and franchised restaurants to PJMF and the Co-op Funds are based on an established percentage of monthly restaurant revenues. PJMF is responsible for developing and conducting marketing and advertising for the domestic Papa John’s system. The Co-op Funds are responsible for developing and conducting advertising activities in a specific market, including the placement of electronic and print materials developed by PJMF. We recognize domestic Company-owned restaurant contributions to PJMF and the Co-op Funds in the period in which the contribution accrues. During 2018, the Company also contributed $10.0 million to PJMF to increase marketing and promotional activities which is included in general and administrative expenses and is a part of the Special charges for the year. See Notes 16 and 19 for additional information.
Leases	Leases Lease expense is recognized on a straight-line basis over the expected life of the lease term. A lease term often includes option periods, available at the inception of the lease. See Recent Accounting Pronouncements for information on the impact of the adoption effective December 31, 2018, of the new lease accounting guidance, ASU 2016-02, “Leases.”
Stock-Based Compensation	Stock-Based Compensation Compensation expense for equity grants is estimated on the grant date, net of projected forfeitures, and is recognized over the vesting period (generally in equal installments over three years). Restricted stock is valued based on the market price of the Company’s shares on the date of grant. Stock options are valued using a Black-Scholes option pricing model. Our specific assumptions for estimating the fair value of options are included in Note 20.
Cash Equivalents	Cash Equivalents Cash equivalents consist of highly liquid investments with maturity of three months or less at date of purchase. These investments are carried at cost, which approximates fair value.
Accounts Receivable	Accounts Receivable Substantially all accounts receivable is due from franchisees for purchases of food, paper products, point of sale equipment, printing and promotional items, information systems and related services, and royalties. Credit is extended based on an evaluation of the franchisee’s financial condition and collateral is generally not required. A reserve for uncollectible accounts is established as deemed necessary based upon overall accounts receivable aging levels and a specific review of accounts for franchisees with known financial difficulties. Account balances are charged off against the allowance after recovery efforts have ceased.
Notes Receivable	Notes Receivable The Company provides financing to select franchisees principally for use in the construction and development of their restaurants and for the purchase of restaurants from the Company or other franchisees. Most notes receivable bear interest at fixed or floating rates and are generally secured by the assets of each restaurant and the ownership interests in the franchise. In 2018, the Company also provided certain franchisees with royalty payment plans. We establish an allowance based on a review of each borrower’s economic performance and underlying collateral value. Note balances are charged off against the allowance after recovery efforts have ceased.
Inventories	Inventories Inventories, which consist of food products, paper goods and supplies, smallwares, and printing and promotional items, are stated at the lower of cost, determined under the first-in, first-out (FIFO) method, or net realizable value.
Property and Equipment	Property and Equipment Property and equipment are stated at cost. Depreciation is recorded using the straight-line method over the estimated useful lives of the assets (generally five to ten years for restaurant, commissary and other equipment, 20 to 40 years for buildings and improvements, and five years for technology and communication assets). Leasehold improvements are amortized over the terms of the respective leases, including the first renewal period (generally five to ten years). Depreciation expense was $45.6 million in 2018, $42.6 million in 2017 and $39.7 million in 2016.
Deferred Costs	Deferred Costs We capitalize certain information systems development and related costs that meet established criteria. Amounts capitalized, which are included in property and equipment, are amortized principally over periods not exceeding five years upon completion of the related information systems project. Total costs deferred were approximately $4.3 million in 2018, $4.1 million in 2017 and $2.9 million in 2016. The unamortized information systems development costs approximated $12.3 million and $11.1 million as of December 30, 2018 and December 31, 2017, respectively.
Intangible Assets - Goodwill	Intangible Assets — Goodwill We evaluate goodwill annually in the fourth quarter or whenever we identify certain triggering events or circumstances that would more-likely-than-not reduce the fair value of a reporting unit below its carrying amount. Such tests are completed separately with respect to the goodwill of each of our reporting units, which includes our domestic Company-owned restaurants, United Kingdom (“PJUK”), China, and Preferred Marketing Solutions operations. We may perform a qualitative assessment or move directly to the quantitative assessment for any reporting unit in any period if we believe that it is more efficient or if impairment indicators exist. We elected to perform a quantitative assessment for our domestic Company-owned restaurants, United Kingdom (“PJUK”), China, and Preferred Marketing Solutions operations in the fourth quarter of 2018. Our domestic Company-owned restaurants, PJUK and Preferred Marketing Solutions fair value calculations considered both an income approach and a market approach and our China fair value calculation considered an income approach. The income approach used projected net cash flows, with various growth assumptions, over a ten-year discrete period and a terminal value, which were discounted using appropriate rates. The selected discount rate considered the risk and nature of each reporting unit’s cash flow and the rates of return market participants would require to invest their capital in the reporting unit. In determining the fair value from a market approach, we considered earnings before interest, taxes, depreciation and amortization multiples that a potential buyer would pay based on third-party transactions in similar markets. As a result of our quantitative analyses, we determined that it was more-likely-than-not that the fair values of our reporting units were greater than their carrying amounts. Subsequent to completing our goodwill impairment tests, no indicators of impairment were identified. See Note 10 for additional information.
Deferred Income Tax Accounts and Tax Reserves	Deferred Income Tax Accounts and Tax Reserves We are subject to income taxes in the United States and several foreign jurisdictions. Significant judgment is required in determining Papa John’s provision for income taxes and the related assets and liabilities. The provision for income taxes includes income taxes paid, currently payable or receivable and those deferred. We use an estimated annual effective rate based on expected annual income to determine our quarterly provision for income taxes. Discrete items are recorded in the quarter in which they occur. Deferred tax assets and liabilities are determined based on differences between financial reporting and tax basis of assets and liabilities and are measured using enacted tax rates and laws that are expected to be in effect when the differences reverse. Deferred tax assets are also recognized for the estimated future effects of tax attribute carryforwards (e.g., net operating losses, capital losses, and foreign tax credits). The effect on deferred taxes of changes in tax rates is recognized in the period in which the new tax rate is enacted. Valuation allowances are established when necessary on a jurisdictional basis to reduce deferred tax assets to the amounts we expect to realize. On December 22, 2017, the Tax Cuts and Jobs Act (the “Tax Act”) was enacted, significantly decreasing the U.S. federal income tax rate for corporations effective January 1, 2018. On that same date, the Securities and Exchange Commission staff also issued Staff Accounting Bulletin ( s a result, we remeasured our deferred tax assets, liabilities and related valuation allowances in 2017. This remeasurement yielded a 2017 benefit of approximately $7.0 million due to the lower income tax rate. At December 30, 2018 the Company has completed its analysis of the Tax Act. See Note 17 for additional information. Our net deferred income tax liability was approximately $7.1 million at December 30, 2018. Tax authorities periodically audit the Company. We record reserves and related interest and penalties for identified exposures as income tax expense. We evaluate these issues and adjust for events, such as statute of limitations expirations, court rulings or audit settlements, which may impact our ultimate payment for such exposures. We recognized decreases in income tax expense of $1.7 million and $729,000 in 2017 and 2016, respectively, associated with the finalization of certain income tax matters. There were no amounts recognized in 2018 as there were no related events. See Note 17 for additional information.
Insurance Reserves	Insurance Reserves Our insurance programs for workers’ compensation, owned and non-owned automobiles, general liability, property, and health insurance coverage provided to our employees are funded by the Company up to certain retention levels under our retention programs. Retention limits generally range from $100,000 to $1.0 million. Losses are accrued based upon undiscounted estimates of the liability for claims incurred using certain third-party actuarial projections and our claims loss experience. The estimated insurance claims losses could be significantly affected should the frequency or ultimate cost of claims differ significantly from historical trends used to estimate the insurance reserves recorded by the Company. The Company records estimated losses above retention within its reserve with a corresponding receivable for expected amounts due from insurance carriers.
Derivative Financial Instruments	Derivative Financial Instruments We recognize all derivatives on the balance sheet at fair value. At inception and on an ongoing basis, we assess whether each derivative that qualifies for hedge accounting continues to be highly effective in offsetting changes in the cash flows of the hedged item. If the derivative meets the hedge criteria as defined by certain accounting standards, depending on the nature of the hedge, changes in the fair value of the derivative are either offset against the change in fair value of assets, liabilities or firm commitments through earnings or recognized in accumulated other comprehensive income/(loss) until the hedged item is recognized in earnings. We recognized income of $4.3 million ($3.2 million after tax) in 2018, $1.4 million ($0.9 million after tax) in 2017 and income of $1.5 million ($0.9 million after tax) in 2016 in other comprehensive income/(loss) for the net change in the fair value of our interest rate swaps. See Note 11 for additional information on our debt and credit arrangements.
Noncontrolling Interests	Noncontrolling Interests At December 30, 2018, after the 2018 divestiture of two joint ventures that owned 62 restaurants, the Company has three joint ventures consisting of 183 restaurants, which have noncontrolling interests. Consolidated net income is required to be reported separately at amounts attributable to both the Company and the noncontrolling interest. Additionally, disclosures are required to clearly identify and distinguish between the interests of the Company and the interests of the noncontrolling owners, including a disclosure on the face of the Consolidated Statements of Operations of income attributable to the noncontrolling interest holder. The following summarizes the redemption feature, location and related accounting within the Consolidated Balance Sheets for these three remaining joint venture arrangements: Type of Joint Venture Arrangement Location within the Balance Sheets Recorded Value Joint venture with no redemption feature Permanent equity Carrying value Option to require the Company to purchase the noncontrolling interest - not currently redeemable Temporary equity Carrying value See Notes 8 and 9 for additional information regarding noncontrolling interests and divestitures.
Foreign Currency Translation	Foreign Currency Translation The local currency is the functional currency for each of our foreign subsidiaries. Revenues and expenses are translated into U.S. dollars using monthly average exchange rates, while assets and liabilities are translated using year-end exchange rates. The resulting translation adjustments are included as a component of accumulated other comprehensive income/(loss) net of income taxes. In 2018, the Company refranchised 34 Company-owned restaurants and a quality control center located in China. In conjunction with the transaction, approximately $1.3 million of accumulated other comprehensive income and $300,000 associated deferred tax related to foreign currency translation were reversed. See Note 9 for additional information.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Revenue from Contracts with Customers In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, “Revenue from Contracts with Customers” (“ASU 2014-09”), which supersedes nearly all existing revenue recognition guidance under GAAP, including industry-specific requirements, and provides companies with a single revenue recognition framework for recognizing revenue from contracts with customers. In March and April 2016, the FASB issued additional amendments to Topic 606. This update and subsequently issued amendments require companies to recognize revenue at amounts that reflect the consideration to which the companies expect to be entitled in exchange for those goods or services at the time of transfer. Topic 606 requires that we assess contracts to determine each separate and distinct performance obligation. If a contract has multiple performance obligations, we allocate the transaction price using our best estimate of the standalone selling price to each distinct good or service in the contract. The Company adopted Topic 606 as of January 1, 2018. See Note 3 for additional information. Certain Tax effects from Accumulated Other Comprehensive Income (Loss) In February 2018, the FASB issued ASU 2018-02, “ Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (“AOCI”)” (“ASU 2018-02”), which allows for an entity to reclassify disproportionate income tax in AOCI caused by the Tax Act to retained earnings. The guidance is effective for fiscal years beginning after December 15, 2018 with early adoption permitted, including interim periods within those years. The Company adopted ASU 2018-02 in the first quarter of 2018 by electing to reclassify the income tax effects from AOCI to retained earnings. The impact of the adoption was not material to our Consolidated Financial Statements. Goodwill In January 2017, the FASB issued ASU 2017-04, “Intangibles – Goodwill and Other,” (“ASU 2017-04”), which simplifies the accounting for goodwill. ASU 2017-04 eliminates the second step of the goodwill impairment test, which requires a hypothetical purchase price allocation. The goodwill impairment is the difference between the carrying value and fair value, not to exceed the carrying amount. ASU 2017-04 is effective for annual and interim periods in fiscal years beginning after December 15, 2019 with early adoption permitted. The Company adopted ASU 2017-04 in the fourth quarter of 2018. The impact of the adoption was not material to our Consolidated Financial Statements. Employee Share-Based Payments In March 2016, the FASB issued ASU 2016-09, “Compensation – Stock Compensation: Improvements to Employee Share-Based Payment Accounting” (“ASU 2016-09”). The guidance simplified the accounting and financial reporting of the income tax impact of stock-based compensation arrangements. This guidance requires excess tax benefits to be recorded as a discrete item within income tax expense rather than additional paid-in capital. In addition, excess tax benefits are required to be classified as cash from operating activities rather than cash from financing activities. The Company adopted this guidance as of the beginning of fiscal 2017. The Company elected to apply the cash flow guidance of ASU 2016-09 retrospectively to all prior periods. The impact of retrospectively applying this guidance to the Consolidated Statement of Cash Flows was a $6.2 million increase in net cash provided by operating activities and a corresponding increase in net cash used in financing activities for the year ended December 25, 2016. The Company elected to continue to estimate forfeitures, as permitted by ASU 2016-09, rather than electing to account for forfeitures as they occur. Hedging In August 2017, the FASB issued ASU 2017-12, “Derivatives and Hedging (Topic 815) Targeted Improvements to Accounting for Hedging Activities” (“ASU 2017-12”) which intends to better align an entity's risk management activities and financial reporting for hedging relationships through changes to both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results. The amendment attempts to simplify the application of hedge accounting guidance. T he pronouncement is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018, with early adoption permitted. The Company adopted ASU 2017-12 in the fourth quarter of 2017. The impact of the adoption was not material to our Consolidated Financial Statements. In addition, in October 2018, the FASB issued ASU 2018-16, “Derivatives and Hedging (Topic 815): Inclusion of the Secured Overnight Financing Rate (SOFR) Overnight Index Swap (OIS) Rate as a Benchmark Interest Rate for Hedge Accounting Purposes” (“ASU 2018-16”), which amends Topic 815 to add the overnight index swap rate based on the secured overnight financing rate as a fifth U.S. benchmark interest rate. This is in response to the Financial Conduct Authority’s announcement in July 2017 that it intends to stop compelling banks to submit rates for the calculation of LIBOR after 2021. T he pronouncement is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018, with early adoption permitted. The Company has material contracts that are indexed to LIBOR and is continuing to evaluate the accounting, transition and disclosure requirements of ASU 2018-16. Leases In February 2016, the FASB issued ASU 2016-02, Topic 842, which requires companies to recognize a right-of-use asset and a lease liability on the balance sheet for contracts that meet the definition of a lease. This guidance also requires additional disclosures about the amount, timing, and uncertainty of cash flows arising from leases. ASU 2016-02 is effective for interim and annual periods beginning after December 15, 2018. In July 2018, the FASB issued ASU 2018-11, “Leases (Topic 842): Targeted Improvements.” ASU 2018-11 allows companies to elect an optional transition method to apply the new lease standard through a cumulative-effect adjustment in the period of adoption. We have elected to adopt ASU 2016-02 using the optional transition method and we are revising our controls and processes to address the lease standard. We plan to take advantage of the transition package of practical expedients permitted under the transition guidance, which among other things, allows us to carryforward our prior lease classifications under ASC 840 and our assessment on whether a contract is or contains a lease. We will also elect to combine lease and non-lease components for all asset classes and to keep leases with an initial term of 12 months or less off the balance sheet for select asset classes. We do not expect to elect the use of hindsight practical expedient. We do not expect ASU 2016-02 to have a material impact on our annual operating results or cash flows. The most significant impact of adoption will be the recognition of right of use assets and lease liabilities on our balance sheet. We expect the right of use asset recorded, net of amounts reclassified from other assets and liabilities, as specified by the new lease guidance, will not be materially different than the lease liability, which will be based on the present value of the remaining minimum rental payments of approximately $210 million using discount rates as of the effective date. See Note 19 for additional information. The Company’s subsidiary located in the United Kingdom leases certain restaurant space to our franchisees under sublease agreements. As a lessor, we currently do not expect the new guidance to have a material effect on our Consolidated Financial Statements, as we believe substantially all of our existing leases will continue to be classified as operating leases. This revenue will continue to be reported as rental income in Other Revenues in the Consolidated Statements of Operations. Financial Instruments – Credit Losses In June 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,” which requires measurement and recognition of expected versus incurred losses for financial assets held. ASU 2016-13 is effective for annual periods beginning after December 15, 2019, with early adoption permitted for annual periods beginning after December 15, 2018. The Company is currently assessing the impact of adopting this standard on our Consolidated Balance Sheet, Results of Operations and Cash Flows. Cloud Computing In August 2018, the FASB issued ASU No. 2018-15 “Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract,” which aligns the requirements for capitalizing implementation costs in cloud computing arrangements with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. ASU 2018-15 is effective for annual and interim periods beginning after December 15, 2019, with early adoption permitted. Companies can choose to adopt the new guidance prospectively or retrospectively. The Company is currently in the process of evaluating the effects of this pronouncement on its Consolidated Financial Statements.
Reclassification	Reclassification Certain prior year amounts in the Consolidated Statements of Operations have been reclassified to conform to the current year presentation. See Note 24 for additional information.
Subsequent Events	Subsequent Events On February 3, 2019, the Company entered into a Securities Purchase Agreement with funds affiliated with Starboard Value LP (together with its affiliates, “Starboard”), pursuant to which the Company sold to Starboard 200,000 shares of the Company’s newly designated Series B convertible preferred stock, par value $0.01 per share (the “Series B Preferred Stock”), at a purchase price of $1,000 per share, for an aggregate purchase price of $200,000,000. Starboard has the option exercisable at their discretion, to purchase up to an additional 50,000 shares of Series B Preferred Stock for the same purchase price per share on or prior to March 29, 2019. The Series B Preferred Stock is convertible at the option of the holders at any time into shares of common stock based on the conversion rate determined by dividing $1,000, the stated value of the Series B Preferred Stock, by $50.06. The initial dividend rate of the Series B Preferred Stock will be 3.6% per annum on the stated value of $1,000 per share, payable quarterly in arrears. The Series B Preferred Stock will also participate on an as-converted basis in any regular or special dividends paid to common stockholders. The Series B Preferred Stock will be reported as temporary equity on the Company’s Consolidated Balance Sheet. In addition, the Company has the right to offer up to 10,000 shares of Series B Preferred Stock to qualified Papa John’s franchisees, subject to certain conditions of the Securities Purchase Agreement, on the same terms as Starboard.

Significant Accounting Polici_3

Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 30, 2018
Significant Accounting Policies
Schedule of Joint Ventures in Which There are Noncontrolling Interests	The following summarizes the redemption feature, location and related accounting within the Consolidated Balance Sheets for these three remaining joint venture arrangements: Type of Joint Venture Arrangement Location within the Balance Sheets Recorded Value Joint venture with no redemption feature Permanent equity Carrying value Option to require the Company to purchase the noncontrolling interest - not currently redeemable Temporary equity Carrying value

Adoption of ASU 2014-09, "Rev_2

Adoption of ASU 2014-09, "Revenue from Contracts with Customers" (Tables)	12 Months Ended
	Dec. 30, 2018
Adoption of ASU 2014-09, "Revenue from Contracts with Customers"
Schedule of impacts of adoption of ASU 2014-09	The following chart presents the specific line items impacted by the cumulative adjustment. Adjusted As Reported Balance Sheet December 31, Total at January 1, (In thousands, except per share amounts) 2017 Adjustments 2018 Assets Current assets: Cash and cash equivalents $ 22,345 $ 4,279 $ 26,624 Accounts receivable (less allowance for doubtful accounts of $2,271 in 2017) 64,558 493 65,051 Accounts receivable - affiliates (no allowance for doubtful accounts in 2017) 86 — 86 Notes receivable (no allowance for doubtful accounts in 2017) 4,333 — 4,333 Income tax receivable 3,903 — 3,903 Inventories 30,620 — 30,620 Prepaid expenses 28,522 (4,959) 23,563 Other current assets 9,494 — 9,494 Assets held for sale 6,133 — 6,133 Total current assets 169,994 (187) 169,807 Property and equipment, net 234,331 — 234,331 Notes receivable, less current portion (less allowance for doubtful accounts of $1,047 in 2017) 15,568 — 15,568 Goodwill 86,892 — 86,892 Deferred income taxes, net 585 — 585 Other assets 48,183 (907) 47,276 Total assets $ 555,553 $ (1,094) $ 554,459 Liabilities and stockholders’ equity (deficit) Current liabilities: Accounts payable $ 32,006 $ (2,161) $ 29,845 Income and other taxes payable 10,561 — 10,561 Accrued expenses and other current liabilities 70,293 15,860 86,153 Deferred revenue current — 2,400 2,400 Current portion of long-term debt 20,000 — 20,000 Total current liabilities 132,860 16,099 148,959 Deferred revenue 2,652 10,798 13,450 Long-term debt, less current portion, net 446,565 — 446,565 Deferred income taxes, net 12,546 (6,464) 6,082 Other long-term liabilities 60,146 — 60,146 Total liabilities 654,769 20,433 675,202 Redeemable noncontrolling interests 6,738 — 6,738 Stockholders’ equity (deficit): Preferred stock ($0.01 par value per share; no shares issued) — — — Common stock ($0.01 par value per share; issued 44,221 at December 31, 2017) 442 — 442 Additional paid-in capital 184,785 — 184,785 Accumulated other comprehensive loss (2,117) — (2,117) Retained earnings 292,251 (21,527) 270,724 Treasury stock (10,290 shares at December 31, 2017, at cost) (597,072) — (597,072) Total stockholders’ (deficit) (121,711) (21,527) (143,238) Noncontrolling interests in subsidiaries 15,757 — 15,757 Total stockholders’ (deficit) (105,954) (21,527) (127,481) Total liabilities, redeemable noncontrolling interests and stockholders’ (deficit) $ 555,553 $ (1,094) $ 554,459 The impact of adoption at December 30, 2018 is as follows: As Reported Balance Sheet December 30, Total Without Adoption (In thousands, except per share amounts) 2018 Adjustments of Topic 606 Assets Current assets: Cash and cash equivalents $ 19,468 $ (4,326) $ 15,142 Accounts receivable (less allowance for doubtful accounts of $2,117 in 2018) 67,785 (401) 67,384 Accounts receivable - affiliates (no allowance for doubtful accounts in 2018) 69 — 69 Notes receivable (no allowance for doubtful accounts in 2018) 5,498 — 5,498 Income tax receivable 16,073 — 16,073 Inventories 27,203 — 27,203 Prepaid expenses 29,935 4,771 34,706 Other current assets 5,677 — 5,677 Assets held for sale — — — Total current assets 171,708 44 171,752 Property and equipment, net 226,894 — 226,894 Notes receivable, less current portion (less allowance for doubtful accounts of $3,369 in 2018) 23,259 — 23,259 Goodwill 84,516 — 84,516 Deferred income taxes, net 756 — 756 Other assets 63,814 907 64,721 Total assets $ 570,947 $ 951 $ 571,898 Liabilities and stockholders’ equity (deficit) Current liabilities: Accounts payable $ 29,891 $ 1,585 $ 31,476 Income and other taxes payable 6,590 — 6,590 Accrued expenses and other current liabilities 105,712 (18,210) 87,502 Deferred revenue current 2,443 (2,443) — Current portion of long-term debt 20,000 — 20,000 Total current liabilities 164,636 (19,068) 145,568 Deferred revenue 14,679 (11,231) 3,448 Long-term debt, less current portion, net 601,126 — 601,126 Deferred income taxes, net 7,852 7,255 15,107 Other long-term liabilities 79,324 — 79,324 Total liabilities 867,617 (23,044) 844,573 Redeemable noncontrolling interests 5,464 — 5,464 Stockholders’ (deficit): Preferred stock ($0.01 par value per share; no shares issued) — — — Common stock ($0.01 par value per share; issued 44,301 at December 30, 2018) 443 — 443 Additional paid-in capital 192,984 — 192,984 Accumulated other comprehensive income (loss) (3,143) — (3,143) Retained earnings 244,061 23,989 268,050 Treasury stock (12,929 shares at December 30, 2018, at cost) (751,704) — (751,704) Total stockholders’ (deficit) (317,359) 23,989 (293,370) Noncontrolling interests in subsidiaries 15,225 6 15,231 Total stockholders’ (deficit) (302,134) 23,995 (278,139) Total liabilities, redeemable noncontrolling interests and stockholders’ (deficit) $ 570,947 $ 951 $ 571,898 The impact for the year ended December 30, 2018 is as follows: As Reported Year Ended Statement of Operations December 30, Total Without Adoption of (In thousands, except per share amounts) 2018 Adjustments Topic 606 Revenues: Domestic Company-owned restaurant sales $ 692,380 $ 3,295 $ 695,675 North America franchise royalties and fees 79,293 375 79,668 North America commissary 609,866 3,353 613,219 International 110,349 205 110,554 Other revenues 81,428 (11,238) 70,190 Total revenues 1,573,316 (4,010) 1,569,306 Costs and expenses: Operating costs (excluding depreciation and amortization shown separately below): Domestic Company-owned restaurant expenses 576,799 47 576,846 North America commissary 575,103 — 575,103 International expenses 67,775 — 67,775 Other expenses 84,016 (10,847) 73,169 General and administrative expenses 192,551 3,428 195,979 Depreciation and amortization 46,403 — 46,403 Total costs and expenses 1,542,647 (7,372) 1,535,275 Refranchising and impairment gains/(losses), net (289) — (289) Operating income 30,380 3,362 33,742 Investment income 817 — 817 Interest expense (25,306) — (25,306) Income before income taxes 5,891 3,362 9,253 Income tax expense 2,646 781 3,427 Net income before attribution to noncontrolling interests 3,245 2,581 5,826 Income attributable to noncontrolling interests (1,599) — (1,599) Net income attributable to the Company $ 1,646 $ 2,581 $ 4,227 Calculation of income for earnings per share: Net income attributable to the Company $ 1,646 $ 2,581 $ 4,227 Net income attributable to common shareholders $ 1,646 $ 2,581 $ 4,227 Basic earnings per common share $ 0.05 $ 0.08 $ 0.13 Diluted earnings per common share $ 0.05 $ 0.08 $ 0.13 Basic weighted average common shares outstanding 32,083 32,083 32,083 Diluted weighted average common shares outstanding 32,299 32,299 32,299
Schedule of estimated revenue expected to be recognized in the future	The following table (in thousands) includes estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied at the end of the reporting period. Performance Obligations by Period Less than 1 Year 1-2 Years 2-3 Years 3-4 Years 4-5 Years Thereafter Total Franchise Fees $ 2,443 $ 2,186 $ 1,960 $ 1,768 $ 1,488 $ 3,829 $ 13,674

Revenue Recognition (Tables)

Revenue Recognition (Tables)	12 Months Ended
	Dec. 30, 2018
Revenue Recognition
Schedule of revenue disaggregated by major product line	In the following table (in thousands), revenue is disaggregated by major product line. The table also includes a reconciliation of the disaggregated revenue with the reportable segments. Reportable Segments Year Ended December 30, 2018 Major Products/Services Lines Domestic Company-owned restaurants North America commissaries North America franchising International All others Total Company-owned restaurant sales $ 692,380 $ - $ - $ 6,237 $ - $ 698,617 Commissary sales - 811,191 - 68,124 - 879,315 Franchise royalties and fees - - 82,258 35,988 - 118,246 Other revenues - - - 21,202 91,205 112,407 Eliminations - (201,325) (2,965) (283) (30,696) (235,269) Total $ 692,380 $ 609,866 $ 79,293 $ 131,268 $ 60,509 $ 1,573,316
Schedule of information about contract liabilities	The contract liabilities primarily relate to franchise fees which we classify as “Deferred revenue” and customer loyalty program obligations which are classified with “Accrued expenses and other current liabilities.” During the year ended December 30, 2018, the Company recognized $15.7 million in revenue, related to deferred revenue and customer loyalty program. Contract Liabilities (in thousands) December 30, 2018 January 1, 2018 Change Deferred revenue $ 17,122 $ 15,850 $ 1,272 Customer loyalty program 18,019 14,724 3,295 Total contract liabilities $ 35,141 $ 30,574 $ 4,567

Earnings per Share (Tables)

Earnings per Share (Tables)	12 Months Ended
	Dec. 30, 2018
Earnings per Share
Schedule of Earnings (Loss) Per Share, Basic and Diluted	The calculations of basic earnings per common share and diluted earnings per common share for the years ended December 30, 2018, December 31, 2017 and December 25, 2016 are as follows (in thousands, except per share data): 2018 2017 2016 Basic earnings per common share: Net income attributable to the Company $ 1,646 $ 102,292 $ 102,820 Change in noncontrolling interest redemption value — 1,419 567 Net income attributable to participating securities — (423) (420) Net income attributable to common shareholders $ 1,646 $ 103,288 $ 102,967 Weighted average common shares outstanding 32,083 36,083 37,253 Basic earnings per common share $ 0.05 $ 2.86 $ 2.76 Diluted earnings per common share: Net income attributable to common shareholders $ 1,646 $ 103,288 $ 102,967 Weighted average common shares outstanding 32,083 36,083 37,253 Dilutive effect of outstanding equity awards (a) 216 439 355 Diluted weighted average common shares outstanding 32,299 36,522 37,608 Diluted earnings per common share $ 0.05 $ 2.83 $ 2.74 (a) Shares subject to options to purchase common stock with an exercise price greater than the average market price for the year were not included in the computation of diluted earnings per common share because the effect would have been antidilutive. The weighted average number of shares subject to antidilutive options was 1.2 million in 2018, 278,000 in 2017 and 331,000 in 2016.

Fair Value Measurements and D_2

Fair Value Measurements and Disclosures (Tables)	12 Months Ended
	Dec. 30, 2018
Fair Value Measurements and Disclosures
Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis	Our financial assets and liabilities that were measured at fair value on a recurring basis as of December 30, 2018 and December 31, 2017 are as follows (in thousands): Carrying Fair Value Measurements Value Level 1 Level 2 Level 3 December 30, 2018 Financial assets: Cash surrender value of life insurance policies (a) $ 27,751 $ 27,751 $ — $ — Interest rate swaps (b) 4,905 — 4,905 — December 31, 2017 Financial assets: Cash surrender value of life insurance policies (a) $ 28,645 $ 28,645 $ — $ — Interest rate swaps (b) 651 — 651 — (a) Represents life insurance policies held in our non-qualified deferred compensation plan. (b) The fair values of our interest rate swaps are based on the sum of all future net present value cash flows. The future cash flows are derived based on the terms of our interest rate swaps, as well as considering published discount factors, and projected London Interbank Offered Rates (“LIBOR”).

Noncontrolling Interests (Table

Noncontrolling Interests (Tables)	12 Months Ended
	Dec. 30, 2018
Noncontrolling Interests
Schedule of Income Before Income Taxes Attributable to Joint Ventures	The income before income taxes attributable to these joint ventures for the years ended December 30, 2018, December 31, 2017 and December 25, 2016 were as follows (in thousands): 2018 2017 2016 Papa John’s International, Inc. $ 5,794 $ 7,181 $ 9,913 Noncontrolling interests 1,599 4,233 6,272 Total income before income taxes $ 7,393 $ 11,414 $ 16,185
Summary of Changes in Redeemable Noncontrolling Interests	The following summarizes changes in our redeemable noncontrolling interests in 2018 and 2017 (in thousands): Balance at December 25, 2016 $ 8,461 Net income 2,195 Distributions (2,499) Change in redemption value (1,419) Balance at December 31, 2017 $ 6,738 Net loss (274) Distributions (1,000) Balance at December 30, 2018 $ 5,464

Divestitures (Tables)

Divestitures (Tables)	12 Months Ended
	Dec. 30, 2018
Divestitures
Schedule of Assets and Liabilities Classified as Held for Sale	The following summarizes the associated China assets and liabilities that were classified as held for sale in 2017 (in thousands): December 31, 2017 Cash $ 908 Inventories 505 Prepaid expenses 570 Net property and equipment 4,878 Other assets 946 Valuation allowance (1,674) Total assets held for sale $ 6,133 Accounts payable $ 1,817 Accrued and other liabilities 470 Total liabilities held for sale $ 2,287

Goodwill (Tables)

Goodwill (Tables)	12 Months Ended
	Dec. 30, 2018
Goodwill.
Summary of Changes to the Company's Goodwill, by Reporting Segment	The following summarizes changes in the Company’s goodwill, by reportable segment (in thousands): Domestic Company- owned Restaurants International (a) All Others Total Balance as of December 25, 2016 $ 70,048 $ 15,045 $ 436 $ 85,529 Foreign currency adjustments — 1,363 — 1,363 Balance as of December 31, 2017 70,048 16,408 436 86,892 Divestitures (b) (1,359) — — (1,359) Foreign currency adjustments — (1,017) — (1,017) Balance as of December 30, 2018 $ 68,689 $ 15,391 $ 436 $ 84,516 (a) The international goodwill balances for all years presented are net of accumulated impairment of $2.3 million associated with our PJUK reporting unit, which was recorded in fiscal 2008. (b) Includes 62 restaurants located in two domestic markets.

Debt and Credit Arrangements (T

Debt and Credit Arrangements (Tables)	12 Months Ended
	Dec. 30, 2018
Debt and Credit Arrangements
Schedule of Long-Term Debt, Net	Long-term debt, net consists of the following (in thousands): December 30, December 31, 2018 2017 Outstanding debt $ 625,000 $ 470,000 Unamortized debt issuance costs (3,874) (3,435) Current portion of long-term debt (20,000) (20,000) Total long-term debt, less current portion, net $ 601,126 $ 446,565
Schedule of Interest Rate Swap Agreements	As of December 30, 2018, we have the following interest rate swap agreements: Effective Dates Floating Rate Debt Fixed Rates April 30, 2018 through April 30, 2023 $ 55 million 2.33 % April 30, 2018 through April 30, 2023 $ 35 million 2.36 % April 30, 2018 through April 30, 2023 $ 35 million 2.34 % January 30, 2018 through August 30, 2022 $ million 1.99 % January 30, 2018 through August 30, 2022 $ 75 million 1.99 % January 30, 2018 through August 30, 2022 $ 75 million 2.00 % January 30, 2018 through August 30, 2022 $ 25 million 1.99 %
Schedule of Location and Amounts of Swaps in the Accompanying Consolidated Financial Statements	The following table provides information on the location and amounts of our swaps in the accompanying Consolidated Financial Statements (in thousands): Interest Rate Swap Derivatives Fair Value Fair Value December 30, December 31, Balance Sheet Location 2018 2017 Other current and long-term assets $ 4,905 $ 651
Schedule of Effect of Derivative Instruments on the Accompanying Consolidated Financial Statements	The effect of derivative instruments on the accompanying Consolidated Financial Statements is as follows (in thousands): Location of Gain Amount of Gain Derivatives - Amount of Gain or or (Loss) or (Loss) Total Interest Expense Cash Flow (Loss) Recognized Reclassified from Reclassified from on Consolidated Hedging in AOCI/AOCL AOCI/AOCL into AOCI/AOCL into Statements of Relationships on Derivative Income Income Operations Interest rate swaps: 2018 $ 3,222 Interest expense $ (22) $ (25,306) 2017 $ 891 Interest expense $ (421) $ (11,283) 2016 $ 940 Interest expense $ (1,161) $ (7,397)

Net Property and Equipment (Tab

Net Property and Equipment (Tables)	12 Months Ended
	Dec. 30, 2018
Net Property and Equipment
Schedule of Net Property and Equipment	Net property and equipment consists of the following (in thousands): December 30, December 31, 2018 2017 Land $ 33,833 $ 33,994 Buildings and improvements 91,665 91,809 Leasehold improvements 125,192 125,204 Equipment and other 402,991 378,509 Construction in progress 11,491 10,983 Total property and equipment 665,172 640,499 Accumulated depreciation and amortization (438,278) (406,168) Net property and equipment $ 226,894 $ 234,331

Notes Receivable (Tables)

Notes Receivable (Tables)	12 Months Ended
	Dec. 30, 2018
Notes Receivable
Summary of Changes in Notes Receivable Allowance for Doubtful Accounts	The following summarizes changes in our notes receivable allowance for doubtful accounts (in thousands): Balance as of December 25, 2016 $ 2,759 Recovered from costs and expenses (1,715) Deductions, including notes written off 3 Balance as of December 31, 2017 1,047 Recovered from costs and expenses (393) Additions, net of notes written off 2,715 Balance as of December 30, 2018 $ 3,369

Accrued Expenses and Other Cu_2

Accrued Expenses and Other Current Liabilities (Tables)	12 Months Ended
	Dec. 30, 2018
Accrued Expenses and Other Current Liabilities
Schedule of Accrued Expenses and Other Current Liabilities	Accrued expenses and other current liabilities consist of the following (in thousands): December 30, December 31, 2018 2017 Salaries, benefits and bonuses $ 12,979 $ 15,365 Insurance reserves, current 33,769 19,847 Purchases 11,336 11,364 Customer loyalty program (a) 18,019 4,276 Rent 3,932 3,794 Marketing 4,539 1,481 Deposits 1,415 3,091 Utilities 1,478 1,382 Consulting and professional fees 8,671 1,134 Legal costs 2,093 804 Other 7,481 7,755 Total $ 105,712 $ 70,293 (a) See Note 2 and Note 3 for additional information regarding the change in accounting for the customer loyalty program.

Other Long-term Liabilities (Ta

Other Long-term Liabilities (Tables)	12 Months Ended
	Dec. 30, 2018
Other Long-term Liabilities
Schedule of Other Long-term Liabilities	Other long-term liabilities consist of the following (in thousands): December 30, December 31, 2018 2017 Deferred compensation plan $ 27,796 $ 28,690 Insurance reserves 42,144 21,995 Accrued rent 6,461 7,129 Other 2,923 2,332 Total $ 79,324 $ 60,146

Other General Expenses (Tables)

Other General Expenses (Tables)	12 Months Ended
	Dec. 30, 2018
Other General Expenses
Schedule of Other General Expenses	Other general expenses are included within General and administrative expenses and primarily consist of the following (in thousands): Year Ended December 30, December 31, December 25, 2018 2017 2016 Contribution to National Marketing Fund (a) $ 10,000 $ - $ - Re-imaging costs for restaurants and write-off of brand assets (b) 5,841 - - Provision (credit) for uncollectible accounts and notes receivable (c) 3,338 (1,441) (450) Loss on disposition of fixed assets 2,233 2,493 623 Papa Rewards (d) - 1,046 442 Franchise support initiative (e) 34 2,986 3,185 Other (1,725) 343 361 Other general expenses 19,721 5,427 4,161 Special Committee costs (f) 19,474 - - Administrative expenses 153,356 145,439 153,974 General and administrative expenses $ 192,551 $ 150,866 $ 158,135 (a) Incremental contributions to National Marketing Fund to increase marketing and promotional activities during 2018. See Note 19 for additional information. (b) During 2018, the Company paid for certain re-imaging costs for both Company-owned and franchise units. See Note 19 for additional information. (c) Bad debt recorded on accounts receivable and notes receivable. (d) Online customer loyalty program costs in 2017 and 2016. In 2018, the Company adopted Topic 606 with updated accounting guidelines for loyalty programs which are now recorded as a reduction to domestic Company-owned restaurants revenue. See Notes 3 and 4 for additional information. (e) Franchise incentives include incentives to franchisees for opening new restaurants. In 2018, the Company adopted Topic 606 with updated accounting guidelines for new store equipment incentives, which are now recorded as a reduction of commissary revenues. See Notes 3 and 4 for additional information. (f) C osts totaling approximately $19.5 million associated with the activities of the Special Committee of the Board of Directors, including legal and advisory costs related to the review of a wide range of strategic opportunities for the Company that culminated in the recent strategic investment in the Company by affiliates of Starboard Value LP, as well as a third-party audit of the culture of Papa John’s. See Note 19 for additional information.

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 30, 2018
Income Taxes
Schedule of Domestic and Foreign Components of Income (Loss) Before Income Taxes	The following table presents the domestic and foreign components of income (loss) before income taxes for 2018, 2017 and 2016 (in thousands): 2018 2017 2016 Domestic income / (loss) $ (10,471) $ 122,828 $ 146,063 Foreign income 16,362 17,514 12,746 Total income $ 5,891 $ 140,342 $ 158,809
Summary of the Provision for Income Taxes	A summary of the provision (benefit) for income tax follows (in thousands): 2018 2017 2016 Current: Federal $ (5,324) $ 28,951 $ 32,477 Foreign 4,736 4,602 2,669 State and local 1,529 (234) 2,947 Deferred 1,705 498 11,624 Total income taxes $ 2,646 $ 33,817 $ 49,717
Schedule of Significant Deferred Tax Assets (Liabilities)	Significant deferred tax assets (liabilities) follow (in thousands): December 30, December 31, 2018 2017 Accrued liabilities $ 16,339 $ 11,378 Accrued bonuses 724 192 Other assets and liabilities 10,705 7,913 Equity awards 5,862 5,690 Other 2,196 2,178 Foreign net operating losses 1,555 2,773 Foreign tax credit carryforwards 7,230 4,707 Total deferred tax assets 44,611 34,831 Valuation allowance on foreign net operating and capital losses, foreign deferred tax assets, and foreign tax credit carryforwards (8,183) (7,415) Total deferred tax assets, net of valuation allowances 36,428 27,416 Deferred expenses (5,576) (6,912) Accelerated depreciation (24,239) (19,228) Goodwill (12,645) (12,248) Other (1,064) (989) Total deferred tax liabilities (43,524) (39,377) Net deferred liability $ (7,096) $ (11,961)
Schedule of Reconciliation of Income Tax Computed at the U.S. Federal Statutory Rate to Income Tax Expense	The reconciliation of income tax computed at the U.S. federal statutory rate to income tax expense for the years ended December 30, 2018, December 31, 2017 and December 25, 2016 is as follows in both dollars and as a percentage of income before income taxes ($ in thousands): 2018 2017 2016 Income Tax Income Income Tax Income Income Tax Income Expense Tax Rate Expense Tax Rate Expense Tax Rate Tax at U.S. federal statutory rate $ 1,237 21.0 % $ 49,120 35.0 % $ 55,583 35.0 % State and local income taxes 150 2.6 % 2,432 1.7 % 2,972 1.9 % Foreign income taxes 4,879 82.8 % 5,306 3.8 % 3,143 2.0 % Income of consolidated partnerships attributable to noncontrolling interests (371) (6.3) % (1,554) (1.1) % (2,312) (1.4) % Non-qualified deferred compensation plan (income) loss 483 8.2 % (1,236) (0.9) % (428) (0.3) % Excess tax benefits on equity awards 447 7.6 % (1,879) (1.4) % — — % Remeasurement of deferred taxes — — % (7,020) (5.0) % — — % Tax credits (6,945) (117.9) % (6,909) (4.9) % (6,771) (4.3) % Disposition of China 4,118 69.9 % — — % — % Other (1,352) 17.5 % (4,443) (3.1) % (2,470) (1.6) % Total $ 2,646 85.4 % $ 33,817 24.1 % $ 49,717 31.3 %
Schedule of Reconciliation of the Beginning and Ending Liability for Unrecognized Tax Benefits	The Company had $2.0 million of unrecognized tax benefits at December 30, 2018 which, if recognized, would affect the effective tax rate. A reconciliation of the beginning and ending liability for unrecognized tax benefits excluding interest and penalties is as follows, which is recorded as an other long-term liability (in thousands): Balance at December 25, 2016 $ 4,827 Additions for tax positions of current year 134 Additions for tax positions of prior years (2,862) Reductions for lapse of statute of limitations (71) Balance at December 31, 2017 2,028 Additions for tax positions of current year 510 Reductions for tax positions of prior years (515) Reductions for lapse of statute of limitations — Balance at December 30, 2018 $ 2,023

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 30, 2018
Related Party Transactions
Summary of Full-Year Transactions and Year-End Balances with Franchisees Owned by Related Parties	Following is a summary of full-year transactions and year-end balances with franchisees owned by related parties (in thousands): 2018 2017 2016 Revenues from affiliates: North America commissary sales $ 2,653 $ 2,619 $ 2,372 Other sales 238 336 248 North America franchise royalties and fees 429 439 413 Total $ 3,320 $ 3,394 $ 3,033 December 30, December 31, 2018 2017 Accounts receivable affiliates $ 69 $ 86

Litigation, Commitments and C_2

Litigation, Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 30, 2018
Litigation, Commitments and Contingencies
Schedule of Future Lease Costs and Expected Sublease Payments	Future lease costs and future expected sublease income as of December 30, 2018, are as follows (in thousands): Future Expected Gross Lease Sublease Year Costs Income 2019 $ 40,834 $ 8,079 2020 36,631 8,061 2021 31,159 7,818 2022 25,188 7,462 2023 18,694 7,182 Thereafter 57,304 42,518 Total $ 209,810 $ 81,120

Equity Compensation (Tables)

Equity Compensation (Tables)	12 Months Ended
	Dec. 30, 2018
Equity Compensation
Schedule of Information Pertaining to Option Activity	Information pertaining to option activity during 2018 is as follows (number of options and aggregate intrinsic value in thousands): Weighted Average Weighted Remaining Number Average Contractual Aggregate of Exercise Term Intrinsic Options Price (In Years) Value Outstanding at December 31, 2017 $ Granted Exercised (75) Cancelled (219) Outstanding at December 30, 2018 $ $ Exercisable at December 30, 2018 $ $
Summary of the Significant Assumptions Used in Estimating the Fair Value of Options Granted	The following is a summary of the significant assumptions used in estimating the fair value of options granted in 2018, 2017 and 2016: 2018 2017 2016 Assumptions (weighted average): Risk-free interest rate 2.7 % 2.0 % 1.3 % Expected dividend yield 1.5 % 1.0 % 1.2 % Expected volatility 27.6 % 26.7 % 27.4 % Expected term (in years) 5.6 5.6 5.5
Schedule of Information Pertaining to Restricted Stock Activity	The fair value of both time-based restricted stock and performance-based restricted stock units is based on the market price of the Company’s shares on the grant date. Information pertaining to these awards during 2018 is as follows (shares in thousands): Weighted Average Grant-Date Shares Fair Value Total as of December 31, 2017 181 $ 69.11 Granted 330 57.37 Forfeited (54) 64.67 Vested (87) 66.59 Total as of December 30, 2018 370 $ 59.84

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 30, 2018
Segment Information
Schedule of Segment Reporting Information, by Segment	Our segment information is as follows: (In thousands) 2018 2017 2016 Revenues Domestic Company-owned restaurants $ 692,380 $ 816,718 $ 815,931 North America commissaries 609,866 673,712 623,883 North America franchising 79,293 106,729 102,980 International 131,268 126,285 113,103 All others 60,509 59,915 57,723 Total revenues $ 1,573,316 $ 1,783,359 $ 1,713,620 Intersegment revenues: North America commissaries $ 201,325 $ 244,699 $ 236,896 North America franchising 2,965 3,342 2,869 International 283 273 269 All others 30,696 16,715 16,410 Total intersegment revenues $ 235,269 $ 265,029 $ 256,444 Depreciation and amortization: Domestic Company-owned restaurants $ 15,411 $ 15,484 $ 16,028 North America commissaries 7,397 6,897 6,027 International 1,696 2,018 2,188 All others 8,513 5,276 3,830 Unallocated corporate expenses 13,386 13,993 12,914 Total depreciation and amortization $ 46,403 $ 43,668 $ 40,987 Income (loss) before income taxes: Domestic Company-owned restaurants (1) $ 18,988 $ 47,548 $ 75,136 North America commissaries (2) 27,961 47,844 46,325 North America franchising (3) 70,732 96,298 91,669 International (4) 14,399 15,888 11,408 All others (2) (5) (6,888) (179) 1,467 Unallocated corporate expenses (2) (3) (5) (118,296) (66,099) (64,791) Elimination of intersegment (profits) losses (1,005) (958) (2,405) Total (loss) income before income taxes $ 5,891 $ 140,342 $ 158,809 (1) Includes a $300,000 and $11.6 million refranchising loss/gain in 2018 and 2016, respectively. See Note 9 for additional information. (2) The Company refined its overhead allocation process in 2018 resulting in transfers of expenses from Unallocated corporate expenses of $13.2 million to other segments, primarily North America commissaries of $7.9 million and All others of $3.5 million for the year ended December 30, 2018. (3) Includes Special charges of $15.4 million in North America franchising and $35.3 million in Unallocated corporate expenses for the year ended December 30, 2018, as detailed in Note 16. See Note 19 for additional information. (4) Includes a $1.7 million and $1.4 million impairment loss in 2017 and 2016, respectively. See Note 9 for additional information. (5) Certain prior year amounts have been reclassified to conform to current year presentation. (In thousands) 2018 2017 2016 Property and equipment: Domestic Company-owned restaurants $ 236,526 $ 235,640 $ 225,081 North America commissaries 140,309 136,701 128,469 International 17,218 17,257 15,673 All others 71,880 58,977 55,586 Unallocated corporate assets 199,239 191,924 192,548 Accumulated depreciation and amortization (438,278) (406,168) (386,884) Net property and equipment $ 226,894 $ 234,331 $ 230,473 Expenditures for property and equipment: Domestic Company-owned restaurants $ 13,568 $ 15,245 $ 16,257 North America commissaries 3,994 14,767 14,164 International 986 1,884 4,390 All others 13,438 8,239 7,897 Unallocated corporate 10,042 12,458 12,846 Total expenditures for property and equipment $ 42,028 $ 52,593 $ 55,554

Quarterly Data - Unaudited, i_2

Quarterly Data - Unaudited, in Thousands, except Per Share Data (Tables)	12 Months Ended
	Dec. 30, 2018
Quarterly Data - Unaudited, in Thousands, except Per Share Data
Schedule of Quarterly Select Financial Data	Our quarterly select financial data is as follows: Quarter 2018 1st 2nd 3rd 4th Total revenues $ $ $ $ Operating income (loss) (13,990) (8,314) Net income (loss) attributable to the Company (a) (13,033) (13,849) Basic earnings per common share (a) $ $ $ (0.41) $ (0.44) Diluted earnings per common share (a) $ $ $ (0.41) $ (0.44) Dividends declared per common share $ $ $ $ Quarter 2017 1st 2nd 3rd 4th Total revenues $ $ $ $ Operating income Net income attributable to the Company (b) Basic earnings per common share (b) $ $ $ $ Diluted earnings per common share (b) $ $ $ $ Dividends declared per common share $ $ $ $ (a) The year ended December 30, 2018 was impacted by the following: i. The second quarter of 2018 includes an after income tax loss of $1.6 million and an unfavorable impact of $0.05 on basic and diluted EPS from the sale of our Company-owned stores in China. See Note 9 for additional information. ii. The second quarter of 2018 also includes a tax increase of $2.4 million and an unfavorable impact of $0.07 on basic and diluted EPS related to the refranchising our China stores. See Note 17 for additional information. iii. The third and fourth quarters of 2018 include an after income tax loss of $19.3 million and $19.7 million, respectively, and unfavorable impact on diluted EPS of $0.61 and $0.63, respectively, from Special charges. See Note 19 for additional information. iv. The fourth quarter of 2018 includes an after tax gain of $1.3 million and a favorable impact of $0.04 on basic and diluted EPS related to the Company’s refranchising of Company-owned restaurants. (b) The year ended December 31, 2017 was impacted by the following: i. The fourth quarter of 2017 includes an after income tax loss of $1.3 million and an unfavorable impact of $0.04 on basic and diluted EPS from an impairment charge related to our Company-owned stores in China. See Note 9 for additional information. ii. The fourth quarter of 2017 also includes a tax benefit of $7.0 million and favorable impact of $0.20 on basic and diluted EPS related to the “Tax Cuts and Jobs Act” that was signed in 2017. See Note 17 for additional information. iii. The fourth quarter of 2017 includes an after income tax benefit of $3.9 million and favorable impact on diluted EPS of $0.11 from a 14th week of operations. (c)

Reclassifications of Prior Ye_2

Reclassifications of Prior Year Balances (Tables)	12 Months Ended
	Dec. 30, 2018
Basis of Presentation
Schedule of Certain Prior Year Amounts Reclassified within the Condensed Consolidated Statements of Income	Papa John's International, Inc. and Subsidiaries Consolidated Statements of Operations Summary of Statement of Operations Presentation Reclassifications Year Ended December 31, 2017 (In thousands, except per share amounts) As reported Reclassifications Adjusted Revenues: North America commissary and other sales (1) $ 733,627 $ (59,915) $ 673,712 International (2) 126,285 (12,264) 114,021 Other revenues (1) (2) - 72,179 72,179 Costs and expenses: North America commissary and other expenses (1) $ 685,206 $ (53,669) $ 631,537 International expenses (2) 78,971 (8,349) 70,622 Other expenses (1) (2) (3) - 69,335 69,335 General and administrative expenses (3) 158,183 (7,317) 150,866 Year Ended December 25, 2016 (In thousands, except per share amounts) As reported Reclassifications Adjusted Revenues: North America commissary and other sales (1) $ 681,606 $ (57,723) $ 623,883 International (2) 113,103 (12,199) 100,904 Other revenues (1) (2) - 69,922 69,922 Costs and expenses: North America commissary and other expenses (1) $ 631,475 $ (51,641) $ 579,834 International expenses (2) 71,509 (8,935) 62,574 Other expenses (1) (2) (3) - 66,253 66,253 General and administrative expenses (3) 163,812 (5,677) 158,135 As shown in the table above we have reclassified certain prior year amounts within the Consolidated Statements of Operations for the years ended December 31, 2017 and December 25, 2016 in order to conform with current year presentation. These reclassifications had no effect on previously reported total consolidated revenues, total costs and expenses and net income. (1) Includes reclassification of previous amounts reported in North America commissary and other sales and expenses including print and promotional items, information systems and related services used in restaurant operations, including our point of sale system, online and other technology-based ordering platforms. (2) Includes reclassification of previous amounts reported in International related to advertising expenses and rental income and expenses for United Kingdom head leases which are subleased to United Kingdom franchisees. Includes reclassification of various technology related expenditures for fee-based services discussed in (1) above and advertising expenses to be consistent with 2018 presentation.

Description of Business (Detail

Description of Business (Details)	Dec. 30, 2018item
Description of Business
Number of states in which the entity operates	50
Number of countries in which the entity operates	46

Significant Accounting Polici_4

Significant Accounting Policies - Fiscal Year, Revenue Recognition and Advertising Costs (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 30, 2018	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Length of fiscal year		364 days	371 days	364 days
Term of franchise agreement		10 years
Advertising and related costs		$ 60,800	$ 72,300	$ 70,900
PJMF
Contributions for additional advertising		$ 10,000
Papa Dough Rewards
Expiration window of rewards program	6 months
Minimum
Amortization term of equipment incentives		3 years
Maximum
Amortization term of equipment incentives		5 years

Significant Accounting Polici_5

Significant Accounting Policies - Stock-Based Compensation, PP&E, and Deferred Costs (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Stock-Based Compensation
Vesting period	3 years
Property and Equipment
Depreciation expense	$ 45.6	$ 42.6	$ 39.7
Deferred Costs
Deferred costs, maximum amortization period	5 years
Deferred costs	$ 4.3	4.1	$ 2.9
Unamortized systems development costs	$ 12.3	$ 11.1
Restaurant, commissary and other equipment | Minimum
Property and Equipment
Estimated useful lives	5 years
Restaurant, commissary and other equipment | Maximum
Property and Equipment
Estimated useful lives	10 years
Buildings and improvements | Minimum
Property and Equipment
Estimated useful lives	20 years
Buildings and improvements | Maximum
Property and Equipment
Estimated useful lives	40 years
Technology and communication assets
Property and Equipment
Estimated useful lives	5 years
Leasehold improvements | Minimum
Property and Equipment
Estimated useful lives	5 years
Leasehold improvements | Maximum
Property and Equipment
Estimated useful lives	10 years

Significant Accounting Polici_6

Significant Accounting Policies - Deferred Income Tax Accounts and Tax Reserves (Details) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2017	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Significant Accounting Policies
Provisional Tax Act tax benefit from remeasurement of deferred tax assets, liabilities and related valuation allowances	$ 7,000,000		$ 7,020,000
Net deferred income tax liability	$ 11,961,000	$ 7,096,000	11,961,000
Decrease in income tax expense		$ 0	$ 1,700,000	$ 729,000

Significant Accounting Polici_7

Significant Accounting Policies - Insurance Reserves and Derivatives (Details) - USD ($)	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Derivative Financial Instruments
Other comprehensive income (loss), before tax	$ 4,254,000	$ 1,421,000	$ 1,492,000
Other comprehensive income (loss), net of tax	3,200,000	$ 900,000	$ 900,000
Minimum
Insurance Reserves
Employee insurance retention limit per occurrence	100,000
Maximum
Insurance Reserves
Employee insurance retention limit per occurrence	$ 1,000,000

Significant Accounting Polici_8

Significant Accounting Policies - Noncontrolling Interests and Foreign Currency Translation (Details)	Jun. 15, 2018USD ($)restaurant	Sep. 30, 2018entity	Apr. 01, 2018entity	Dec. 30, 2018USD ($)restaurantentity	Dec. 31, 2017restaurantentity
Noncontrolling Interests
Number of joint ventures | entity				3	5
Stores in Beijing and Tianjin, China
Noncontrolling Interests
Number of restaurants divested	34			34
Reversal of accumulated other comprehensive income related to foreign currency translation | $	$ 1,300,000			$ 1,300,000
Reversal of deferred tax related to foreign currency translation | $				$ 300,000
Joint ventures
Noncontrolling Interests
Number of joint ventures divested | entity		1	1	2
Number of restaurants divested				62
Number of Restaurants				183	246

Significant Accounting Polici_9

Significant Accounting Policies – Recent Accounting Pronouncements and Subsequent Events (Details)	Feb. 03, 2019USD ($)$ / sharesshares	Mar. 31, 2019USD ($)shares	Dec. 25, 2016USD ($)	Dec. 30, 2018$ / shares	Dec. 31, 2017$ / shares
Subsequent Events
Preferred stock, par value | $ / shares				$ 0.01	$ 0.01
Subsequent event | Securities Purchase Agreement | Series B Preferred Stock
Subsequent Events
Number of shares sold | shares	200,000
Preferred stock, par value | $ / shares	$ 0.01
Purchase price per share | $ / shares	$ 1,000
Aggregate purchase price of shares	$ 200,000,000
Conversion rate denominator	50.06
Initial dividend rate	3.60%
Maximum | Subsequent event | Securities Purchase Agreement | Series B Preferred Stock
Subsequent Events
Number of shares sold | shares		50,000
Maximum | Subsequent event | Securities Purchase Agreement | Series B Preferred Stock | Franchisee
Subsequent Events
Number of shares sold | shares	10,000
Forecast
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Additional operating lease liabilities		$ 210,000,000
Accounting Standards Update 2016-09 | Restatement
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Increase in net cash provided by operating activities due to retrospective application of ASU 2016-09			$ 6,200,000
Increase in net cash used in financing activities due to retrospective application of ASU 2016-09			$ 6,200,000

Adoption of ASU 2014-09, "Rev_3

Adoption of ASU 2014-09, "Revenue from Contracts with Customers" - Cumulative Effect Adjustments (Details) - Accounting Standards Update 2014-09 $ in Millions	Jan. 01, 2018USD ($)
Retained Earnings Adjustments [Line Items]
Cumulative effect adjustment to retained earnings	$ (21.5)
Franchise royalties and fees
Retained Earnings Adjustments [Line Items]
Cumulative effect adjustment to retained earnings	(10.8)
Customer loyalty program
Retained Earnings Adjustments [Line Items]
Cumulative effect adjustment to retained earnings	(8)
Marketing funds
Retained Earnings Adjustments [Line Items]
Cumulative effect adjustment to retained earnings	$ (2.7)

Adoption of ASU 2014-09, "Rev_4

Adoption of ASU 2014-09, "Revenue from Contracts with Customers" – Line Items Impacted by Cumulative Adjustment (Details) - USD ($) $ / shares in Units, $ in Thousands	Dec. 30, 2018	Jan. 02, 2018	Dec. 31, 2017	Dec. 25, 2016	Dec. 27, 2015
Current assets:
Cash and cash equivalents	$ 19,468	$ 26,624	$ 22,345
Accounts receivable (less allowance for doubtful accounts of $2,117 in 2018 and $2,271 in 2017)	67,785	65,051	64,558
Accounts receivable - affiliates (no allowance for doubtful accounts in 2018 and 2017)	69	86	86
Notes receivable (no allowance for doubtful accounts in 2018 and 2017)	5,498	4,333	4,333
Income tax receivable	16,073	3,903	3,903
Inventories	27,203	30,620	30,620
Prepaid expenses	29,935	23,563	28,522
Other current assets	5,677	9,494	9,494
Assets held for sale		6,133	6,133
Total current assets	171,708	169,807	169,994
Property and equipment, net	226,894	234,331	234,331	$ 230,473
Notes receivable, less current portion (less allowance for doubtful accounts of $3,369 in 2018 and $1,047 in 2017)	23,259	15,568	15,568
Goodwill	84,516	86,892	86,892	85,529
Deferred income taxes, net	756	585	585
Other assets	63,814	47,276	48,183
Total assets	570,947	554,459	555,553
Current liabilities:
Accounts payable	29,891	29,845	32,006
Income and other taxes payable	6,590	10,561	10,561
Accrued expenses and other current liabilities	105,712	86,153	70,293
Deferred revenue current	2,443	2,400
Current portion of long-term debt	20,000	20,000	20,000
Total current liabilities	164,636	148,959	132,860
Deferred revenue	14,679	13,450	2,652
Long-term debt, less current portion, net	601,126	446,565	446,565
Deferred income taxes, net	7,852	6,082	12,546
Other long-term liabilities	79,324	60,146	60,146
Total liabilities	867,617	675,202	654,769
Redeemable noncontrolling interests	5,464	6,738	6,738
Stockholders’ (deficit):
Preferred stock ($0.01 par value per share; no shares issued)
Common stock ($0.01 par value per share; issued 44,301 at December 30, 2018 and 44,221 at December 31, 2017)	443	442	442
Additional paid-in capital	192,984	184,785	184,785
Accumulated other comprehensive loss	(3,143)	(2,117)	(2,117)	(5,887)
Retained earnings	244,061	270,724	292,251
Treasury stock (12,929 shares at December 30, 2018 and 10,290 shares at December 31, 2017, at cost)	(751,704)	(597,072)	(597,072)
Total stockholders’ (deficit)	(317,359)	(143,238)	(121,711)
Noncontrolling interests in subsidiaries	15,225	15,757	15,757
Total stockholders’ (deficit)	(302,134)	(127,481)	(105,954)	9,801	$ 42,206
Total liabilities, redeemable noncontrolling interests and stockholders’ (deficit)	570,947	554,459	555,553
Accounts receivable, allowance for doubtful accounts	2,117		2,271
Accounts receivable - affiliates, allowance for doubtful accounts	0		0
Notes receivable, allowance for doubtful accounts	0		0
Notes receivable, less current portion, allowance for doubtful accounts	$ 3,369		$ 1,047	$ 2,759
Preferred stock, par value	$ 0.01		$ 0.01
Preferred stock, shares issued	0		0
Common stock, par value	$ 0.01		$ 0.01
Common stock, shares issued	44,301,000		44,221,000
Treasury stock, shares	12,929,000		10,290,000
Accounting Standards Update 2014-09 | Total Adjustments
Current assets:
Cash and cash equivalents	$ (4,326)	4,279
Accounts receivable (less allowance for doubtful accounts of $2,117 in 2018 and $2,271 in 2017)	(401)	493
Prepaid expenses	4,771	(4,959)
Total current assets	44	(187)
Other assets	907	(907)
Total assets	951	(1,094)
Current liabilities:
Accounts payable	1,585	(2,161)
Accrued expenses and other current liabilities	(18,210)	15,860
Deferred revenue current	(2,443)	2,400
Total current liabilities	(19,068)	16,099
Deferred revenue	(11,231)	10,798
Deferred income taxes, net	7,255	(6,464)
Total liabilities	(23,044)	20,433
Stockholders’ (deficit):
Preferred stock ($0.01 par value per share; no shares issued)
Retained earnings	23,989	(21,527)
Total stockholders’ (deficit)	23,989	(21,527)
Noncontrolling interests in subsidiaries	6
Total stockholders’ (deficit)	23,995	(21,527)
Total liabilities, redeemable noncontrolling interests and stockholders’ (deficit)	$ 951	$ (1,094)

Adoption of ASU 2014-09, "Rev_5

Adoption of ASU 2014-09, "Revenue from Contracts with Customers" – Impact of Adoption on the Balance Sheet (Details) - USD ($) $ / shares in Units, $ in Thousands	Dec. 30, 2018	Jan. 02, 2018	Dec. 31, 2017	Dec. 25, 2016	Dec. 27, 2015
Current assets:
Cash and cash equivalents	$ 19,468	$ 26,624	$ 22,345
Accounts receivable (less allowance for doubtful accounts of $2,117 in 2018 and $2,271 in 2017)	67,785	65,051	64,558
Accounts receivable - affiliates (no allowance for doubtful accounts in 2018 and 2017)	69	86	86
Notes receivable (no allowance for doubtful accounts in 2018 and 2017)	5,498	4,333	4,333
Income tax receivable	16,073	3,903	3,903
Inventories	27,203	30,620	30,620
Prepaid expenses	29,935	23,563	28,522
Other current assets	5,677	9,494	9,494
Assets held for sale		6,133	6,133
Total current assets	171,708	169,807	169,994
Property and equipment, net	226,894	234,331	234,331	$ 230,473
Notes receivable, less current portion (less allowance for doubtful accounts of $3,369 in 2018 and $1,047 in 2017)	23,259	15,568	15,568
Goodwill	84,516	86,892	86,892	85,529
Deferred income taxes, net	756	585	585
Other assets	63,814	47,276	48,183
Total assets	570,947	554,459	555,553
Current liabilities:
Accounts payable	29,891	29,845	32,006
Income and other taxes payable	6,590	10,561	10,561
Accrued expenses and other current liabilities	105,712	86,153	70,293
Deferred revenue current	2,443	2,400
Current portion of long-term debt	20,000	20,000	20,000
Total current liabilities	164,636	148,959	132,860
Deferred revenue	14,679	13,450	2,652
Long-term debt, less current portion, net	601,126	446,565	446,565
Deferred income taxes, net	7,852	6,082	12,546
Other long-term liabilities	79,324	60,146	60,146
Total liabilities	867,617	675,202	654,769
Redeemable noncontrolling interests	5,464	6,738	6,738
Stockholders’ (deficit):
Preferred stock ($0.01 par value per share; no shares issued)
Common stock ($0.01 par value per share; issued 44,301 at December 30, 2018 and 44,221 at December 31, 2017)	443	442	442
Additional paid-in capital	192,984	184,785	184,785
Accumulated other comprehensive income (loss)	(3,143)	(2,117)	(2,117)	(5,887)
Retained earnings	244,061	270,724	292,251
Treasury stock (12,929 shares at December 30, 2018 and 10,290 shares at December 31, 2017, at cost)	(751,704)	(597,072)	(597,072)
Total stockholders’ (deficit)	(317,359)	(143,238)	(121,711)
Noncontrolling interests in subsidiaries	15,225	15,757	15,757
Total stockholders’ (deficit)	(302,134)	(127,481)	(105,954)	9,801	$ 42,206
Total liabilities, redeemable noncontrolling interests and stockholders’ (deficit)	570,947	554,459	555,553
Accounts receivable, allowance for doubtful accounts	2,117		2,271
Accounts receivable - affiliates, allowance for doubtful accounts	0		0
Notes receivable, allowance for doubtful accounts	0		0
Notes receivable, less current portion, allowance for doubtful accounts	$ 3,369		$ 1,047	$ 2,759
Preferred stock, par value	$ 0.01		$ 0.01
Preferred stock, shares issued	0		0
Common stock, par value	$ 0.01		$ 0.01
Common stock, shares issued	44,301,000		44,221,000
Treasury stock, shares	12,929,000		10,290,000
Accounting Standards Update 2014-09 | Total Adjustments
Current assets:
Cash and cash equivalents	$ (4,326)	4,279
Accounts receivable (less allowance for doubtful accounts of $2,117 in 2018 and $2,271 in 2017)	(401)	493
Prepaid expenses	4,771	(4,959)
Total current assets	44	(187)
Other assets	907	(907)
Total assets	951	(1,094)
Current liabilities:
Accounts payable	1,585	(2,161)
Accrued expenses and other current liabilities	(18,210)	15,860
Deferred revenue current	(2,443)	2,400
Total current liabilities	(19,068)	16,099
Deferred revenue	(11,231)	10,798
Deferred income taxes, net	7,255	(6,464)
Total liabilities	(23,044)	20,433
Stockholders’ (deficit):
Preferred stock ($0.01 par value per share; no shares issued)
Retained earnings	23,989	(21,527)
Total stockholders’ (deficit)	23,989	(21,527)
Noncontrolling interests in subsidiaries	6
Total stockholders’ (deficit)	23,995	(21,527)
Total liabilities, redeemable noncontrolling interests and stockholders’ (deficit)	951	$ (1,094)
Accounting Standards Update 2014-09 | Without Adoption of Topic 606
Current assets:
Cash and cash equivalents	15,142
Accounts receivable (less allowance for doubtful accounts of $2,117 in 2018 and $2,271 in 2017)	67,384
Accounts receivable - affiliates (no allowance for doubtful accounts in 2018 and 2017)	69
Notes receivable (no allowance for doubtful accounts in 2018 and 2017)	5,498
Income tax receivable	16,073
Inventories	27,203
Prepaid expenses	34,706
Other current assets	5,677
Total current assets	171,752
Property and equipment, net	226,894
Notes receivable, less current portion (less allowance for doubtful accounts of $3,369 in 2018 and $1,047 in 2017)	23,259
Goodwill	84,516
Deferred income taxes, net	756
Other assets	64,721
Total assets	571,898
Current liabilities:
Accounts payable	31,476
Income and other taxes payable	6,590
Accrued expenses and other current liabilities	87,502
Current portion of long-term debt	20,000
Total current liabilities	145,568
Deferred revenue	3,448
Long-term debt, less current portion, net	601,126
Deferred income taxes, net	15,107
Other long-term liabilities	79,324
Total liabilities	844,573
Redeemable noncontrolling interests	5,464
Stockholders’ (deficit):
Preferred stock ($0.01 par value per share; no shares issued)
Common stock ($0.01 par value per share; issued 44,301 at December 30, 2018 and 44,221 at December 31, 2017)	443
Additional paid-in capital	192,984
Accumulated other comprehensive income (loss)	(3,143)
Retained earnings	268,050
Treasury stock (12,929 shares at December 30, 2018 and 10,290 shares at December 31, 2017, at cost)	(751,704)
Total stockholders’ (deficit)	(293,370)
Noncontrolling interests in subsidiaries	15,231
Total stockholders’ (deficit)	(278,139)
Total liabilities, redeemable noncontrolling interests and stockholders’ (deficit)	$ 571,898

Adoption of ASU 2014-09, "Rev_6

Adoption of ASU 2014-09, "Revenue from Contracts with Customers" – Impact of Adoption on the Statement of Income (Details) - USD ($) $ / shares in Units, shares in Thousands	3 Months Ended								12 Months Ended
	Dec. 30, 2018	Sep. 30, 2018	Jul. 01, 2018	Apr. 01, 2018	Dec. 31, 2017	Sep. 24, 2017	Jun. 25, 2017	Mar. 26, 2017	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Revenues:
Total revenues	$ 373,981,000	$ 364,007,000	$ 407,959,000	$ 427,369,000	$ 467,606,000	$ 431,709,000	$ 434,778,000	$ 449,266,000	$ 1,573,316,000	$ 1,783,359,000	$ 1,713,620,000
Costs and expenses:
General and administrative expenses									192,551,000	150,866,000	158,135,000
Depreciation and amortization									46,403,000	43,668,000	40,987,000
Total costs and expenses									1,542,647,000	1,630,668,000	1,559,319,000
Refranchising and impairment gains/(losses), net									(289,000)	(1,674,000)	10,222,000
Operating income	(8,314,000)	(13,990,000)	25,367,000	27,317,000	36,604,000	33,515,000	37,217,000	43,681,000	30,380,000	151,017,000	164,523,000
Investment income									817,000	608,000	785,000
Interest expense									(25,306,000)	(11,283,000)	(7,397,000)
Income before income taxes									5,891,000	140,342,000	158,809,000
Income tax expense									2,646,000	33,817,000	49,717,000
Net income before attribution to noncontrolling interests									3,245,000	106,525,000	109,092,000
Income attributable to noncontrolling interests									(1,599,000)	(4,233,000)	(6,272,000)
Net income attributable to the Company	(13,849,000)	(13,033,000)	11,791,000	16,737,000	28,509,000	21,817,000	23,538,000	28,428,000	1,646,000	102,292,000	102,820,000
Calculation of income for earnings per share:
Net income attributable to the Company	$ (13,849,000)	$ (13,033,000)	$ 11,791,000	$ 16,737,000	$ 28,509,000	$ 21,817,000	$ 23,538,000	$ 28,428,000	1,646,000	102,292,000	102,820,000
Net income attributable to common shareholders									$ 1,646,000	$ 103,288,000	$ 102,967,000
Basic earnings per common share	$ (0.44)	$ (0.41)	$ 0.37	$ 0.50	$ 0.82	$ 0.61	$ 0.66	$ 0.78	$ 0.05	$ 2.86	$ 2.76
Diluted earnings per common share	$ (0.44)	$ (0.41)	$ 0.36	$ 0.50	$ 0.81	$ 0.60	$ 0.65	$ 0.77	$ 0.05	$ 2.83	$ 2.74
Basic weighted average common shares outstanding									32,083	36,083	37,253
Diluted weighted average common shares outstanding									32,299	36,522	37,608
Domestic Company-owned restaurants
Revenues:
Total revenues									$ 692,380,000	$ 816,718,000	$ 815,931,000
Costs and expenses:
Operating costs (excluding depreciation and amortization shown separately below):									576,799,000	664,640,000	651,536,000
Refranchising and impairment gains/(losses), net									300,000		11,600,000
North America franchising
Revenues:
Total revenues									79,293,000	106,729,000	102,980,000
North America commissary
Revenues:
Total revenues									609,866,000	673,712,000	623,883,000
Costs and expenses:
Operating costs (excluding depreciation and amortization shown separately below):									575,103,000	631,537,000	579,834,000
International
Revenues:
Total revenues									110,349,000	114,021,000	100,904,000
Costs and expenses:
Operating costs (excluding depreciation and amortization shown separately below):									67,775,000	70,622,000	62,574,000
Other segment
Revenues:
Total revenues									81,428,000	72,179,000	69,922,000
Costs and expenses:
Operating costs (excluding depreciation and amortization shown separately below):									84,016,000	$ 69,335,000	$ 66,253,000
Accounting Standards Update 2014-09 | Total Adjustments
Revenues:
Total revenues									(4,010,000)
Costs and expenses:
General and administrative expenses									3,428,000
Total costs and expenses									(7,372,000)
Operating income									3,362,000
Income before income taxes									3,362,000
Income tax expense									781,000
Net income before attribution to noncontrolling interests									2,581,000
Net income attributable to the Company									2,581,000
Calculation of income for earnings per share:
Net income attributable to the Company									2,581,000
Net income attributable to common shareholders									$ 2,581,000
Basic earnings per common share									$ 0.08
Diluted earnings per common share									$ 0.08
Basic weighted average common shares outstanding									32,083
Diluted weighted average common shares outstanding									32,299
Accounting Standards Update 2014-09 | Total Adjustments | Domestic Company-owned restaurants
Revenues:
Total revenues									$ 3,295,000
Costs and expenses:
Operating costs (excluding depreciation and amortization shown separately below):									47,000
Accounting Standards Update 2014-09 | Total Adjustments | North America franchising
Revenues:
Total revenues									375,000
Accounting Standards Update 2014-09 | Total Adjustments | North America commissary
Revenues:
Total revenues									3,353,000
Accounting Standards Update 2014-09 | Total Adjustments | International
Revenues:
Total revenues									205,000
Accounting Standards Update 2014-09 | Total Adjustments | Other segment
Revenues:
Total revenues									(11,238,000)
Costs and expenses:
Operating costs (excluding depreciation and amortization shown separately below):									(10,847,000)
Accounting Standards Update 2014-09 | Without Adoption of Topic 606
Revenues:
Total revenues									1,569,306,000
Costs and expenses:
General and administrative expenses									195,979,000
Depreciation and amortization									46,403,000
Total costs and expenses									1,535,275,000
Refranchising and impairment gains/(losses), net									(289,000)
Operating income									33,742,000
Investment income									817,000
Interest expense									(25,306,000)
Income before income taxes									9,253,000
Income tax expense									3,427,000
Net income before attribution to noncontrolling interests									5,826,000
Income attributable to noncontrolling interests									(1,599,000)
Net income attributable to the Company									4,227,000
Calculation of income for earnings per share:
Net income attributable to the Company									4,227,000
Net income attributable to common shareholders									$ 4,227,000
Basic earnings per common share									$ 0.13
Diluted earnings per common share									$ 0.13
Basic weighted average common shares outstanding									32,083
Diluted weighted average common shares outstanding									32,299
Accounting Standards Update 2014-09 | Without Adoption of Topic 606 | Domestic Company-owned restaurants
Revenues:
Total revenues									$ 695,675,000
Costs and expenses:
Operating costs (excluding depreciation and amortization shown separately below):									576,846,000
Accounting Standards Update 2014-09 | Without Adoption of Topic 606 | North America franchising
Revenues:
Total revenues									79,668,000
Accounting Standards Update 2014-09 | Without Adoption of Topic 606 | North America commissary
Revenues:
Total revenues									613,219,000
Costs and expenses:
Operating costs (excluding depreciation and amortization shown separately below):									575,103,000
Accounting Standards Update 2014-09 | Without Adoption of Topic 606 | International
Revenues:
Total revenues									110,554,000
Costs and expenses:
Operating costs (excluding depreciation and amortization shown separately below):									67,775,000
Accounting Standards Update 2014-09 | Without Adoption of Topic 606 | Other segment
Revenues:
Total revenues									70,190,000
Costs and expenses:
Operating costs (excluding depreciation and amortization shown separately below):									$ 73,169,000

Adoption of ASU 2014-09, "Rev_7

Adoption of ASU 2014-09, "Revenue from Contracts with Customers" – Transaction Price Allocated to Remaining Performance Obligations (Details) - USD ($) $ in Thousands	Dec. 30, 2018	Jan. 01, 2018
Performance Obligations by Period
Total deferred revenue	$ 35,141	$ 30,574
Franchise royalties and fees
Performance Obligations by Period
Less than 1 Year	2,443
1-2 Years	2,186
2-3 Years	1,960
3-4 Years	1,768
4-5 Years	1,488
Thereafter	3,829
Total deferred revenue	13,674
Area development fees
Performance Obligations by Period
Total deferred revenue	3,500
Customer loyalty program
Performance Obligations by Period
Total deferred revenue	$ 18,019	$ 14,724

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 30, 2018	Sep. 30, 2018	Jul. 01, 2018	Apr. 01, 2018	Dec. 31, 2017	Sep. 24, 2017	Jun. 25, 2017	Mar. 26, 2017	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Revenue, Major Customer [Line Items]
Total revenues	$ 373,981	$ 364,007	$ 407,959	$ 427,369	$ 467,606	$ 431,709	$ 434,778	$ 449,266	$ 1,573,316	$ 1,783,359	$ 1,713,620
Company-owned Restaurants
Revenue, Major Customer [Line Items]
Total revenues									698,617
Commissary Sales
Revenue, Major Customer [Line Items]
Total revenues									879,315
Franchise royalties and fees
Revenue, Major Customer [Line Items]
Total revenues									118,246
Other Sales
Revenue, Major Customer [Line Items]
Total revenues									112,407
Domestic Company-owned restaurants
Revenue, Major Customer [Line Items]
Total revenues									692,380	816,718	815,931
Domestic Company-owned restaurants | Company-owned Restaurants
Revenue, Major Customer [Line Items]
Total revenues									692,380
North America commissary
Revenue, Major Customer [Line Items]
Total revenues									609,866	673,712	623,883
North America commissary | Commissary Sales
Revenue, Major Customer [Line Items]
Total revenues									811,191
North America franchising
Revenue, Major Customer [Line Items]
Total revenues									79,293	106,729	102,980
North America franchising | Franchise royalties and fees
Revenue, Major Customer [Line Items]
Total revenues									82,258
International.
Revenue, Major Customer [Line Items]
Total revenues									131,268
International. | Company-owned Restaurants
Revenue, Major Customer [Line Items]
Total revenues									6,237
International. | Commissary Sales
Revenue, Major Customer [Line Items]
Total revenues									68,124
International. | Franchise royalties and fees
Revenue, Major Customer [Line Items]
Total revenues									35,988
International. | Other Sales
Revenue, Major Customer [Line Items]
Total revenues									21,202
All others
Revenue, Major Customer [Line Items]
Total revenues									60,509
All others | Other Sales
Revenue, Major Customer [Line Items]
Total revenues									91,205
Elimination
Revenue, Major Customer [Line Items]
Total revenues									(235,269)	(265,029)	(256,444)
Elimination | North America commissary
Revenue, Major Customer [Line Items]
Total revenues									(201,325)
Elimination | North America franchising
Revenue, Major Customer [Line Items]
Total revenues									(2,965)	(3,342)	(2,869)
Elimination | International.
Revenue, Major Customer [Line Items]
Total revenues									(283)
Elimination | All others
Revenue, Major Customer [Line Items]
Total revenues									$ (30,696)	$ (16,715)	$ (16,410)

Revenue Recognition - Contract

Revenue Recognition - Contract Balances (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2018	Jan. 01, 2018	Dec. 31, 2017
Revenue, Major Customer [Line Items]
Revenue recognized related to deferred revenue and customer loyalty program	$ 15,700
Contract liabilities	35,141	$ 30,574
Change	4,567
Contract assets	6,600		$ 7,100
Amortization expense related to contract assets	4,000
Deferred revenue.
Revenue, Major Customer [Line Items]
Contract liabilities	17,122	15,850
Change	1,272
Customer loyalty program
Revenue, Major Customer [Line Items]
Contract liabilities	18,019	$ 14,724
Change	$ 3,295

Stockholders' Equity (Deficit)

Stockholders' Equity (Deficit) - Shares Authorized and Outstanding (Details) - shares	Feb. 03, 2019	Dec. 30, 2018	Dec. 31, 2017
Authorized shares of preferred stock		5,000,000
Authorized shares of common stock		100,000,000
Outstanding shares of common stock , net of repurchased stock		31,400,000	33,900,000
Preferred shares issued		0	0
Preferred shares outstanding		0	0
Securities Purchase Agreement | Subsequent event | Series B Preferred Stock
Number of shares sold	200,000

Stockholders' Equity (Deficit_2

Stockholders' Equity (Deficit) - Share Repurchase Program (Details) shares in Millions, $ in Millions	May 14, 2018USD ($)shares	Dec. 30, 2018USD ($)shares	Dec. 31, 2017USD ($)shares	Dec. 25, 2016USD ($)shares	Oct. 09, 2018
Maximum | Ability to make dividends and distributions based on Leverage Ratio | Amendment to Credit Agreement
Share repurchase program
Ratio Of Indebtedness To EBITDA					3.75
Common stock repurchase program
Share repurchase program
Stock repurchased during period, shares | shares		2.7	3	2.1
Stock repurchased during period, value | $		$ 158	$ 209.6	$ 122.4
ASR Agreement
Share repurchase program
Stock repurchased during period, shares | shares	1.7
Stock repurchased during period, value | $	$ 100

Stockholders' Equity (Deficit_3

Stockholders' Equity (Deficit) - Cash Dividend (Details) - USD ($) $ / shares in Units, $ in Thousands	Feb. 22, 2019	Feb. 11, 2019	Jan. 30, 2019	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Cash Dividend
Dividends paid				$ 28,985	$ 30,720	$ 27,896
Subsequent event
Cash Dividend
Quarterly dividend, date of declaration			Jan. 30, 2019
Quarterly dividend declared, per share (in dollars per share)			$ 0.225
Quarterly dividend declared			$ 8,000
Quarterly dividend, date of distribution	Feb. 22, 2019
Quarterly dividend, date of record		Feb. 11, 2019

Stockholders' Equity (Deficit_4

Stockholders' Equity (Deficit) - Stockholder Rights Plan (Details) - $ / shares	Mar. 05, 2019	Dec. 30, 2018	Jul. 22, 2018	Dec. 31, 2017
Preferred stock, par value		$ 0.01		$ 0.01
Rights
Ownership trigger threshold	20.00%		15.00%
Number of preferred share purchase rights granted for each outstanding share of common stock			1
Exercise price per right			$ 250
Ratio of market price to exercise price if beneficial ownership is acquired without prior board approval			2
Rights | Series A Junior Participating Preferred Stock
Number of shares of stock available to purchase per right			0.001
Preferred stock, par value			$ 0.01
Rights | John H. Schnatter with his affiliates and family members
Ownership trigger threshold			31.00%

Earnings per Share (Details)

Earnings per Share (Details)	3 Months Ended								12 Months Ended
	Dec. 30, 2018USD ($)$ / shares	Sep. 30, 2018USD ($)$ / shares	Jul. 01, 2018USD ($)$ / shares	Apr. 01, 2018USD ($)$ / shares	Dec. 31, 2017USD ($)$ / shares	Sep. 24, 2017USD ($)$ / shares	Jun. 25, 2017USD ($)$ / shares	Mar. 26, 2017USD ($)$ / shares	Dec. 30, 2018USD ($)item$ / sharesshares	Dec. 31, 2017USD ($)$ / sharesshares	Dec. 25, 2016USD ($)$ / sharesshares
Number of joint ventures for which the increase in redemption value for the noncontrolling interest reduces income attributable to common shareholders | item									1
Change in redemption value of noncontrolling interests										$ 1,419,000	$ 567,000
Basic earnings per common share:
Net income attributable to the Company	$ (13,849,000)	$ (13,033,000)	$ 11,791,000	$ 16,737,000	$ 28,509,000	$ 21,817,000	$ 23,538,000	$ 28,428,000	$ 1,646,000	102,292,000	102,820,000
Change in noncontrolling interest redemption value										1,419,000	567,000
Net income attributable to participating securities										(423,000)	(420,000)
Net income attributable to common shareholders									$ 1,646,000	$ 103,288,000	$ 102,967,000
Weighted average common shares outstanding | shares									32,083,000	36,083,000	37,253,000
Basic earnings per common share | $ / shares	$ (0.44)	$ (0.41)	$ 0.37	$ 0.50	$ 0.82	$ 0.61	$ 0.66	$ 0.78	$ 0.05	$ 2.86	$ 2.76
Diluted earnings per common share:
Net income attributable to common shareholders									$ 1,646,000	$ 103,288,000	$ 102,967,000
Weighted average common shares outstanding | shares									32,083,000	36,083,000	37,253,000
Dilutive effect of outstanding equity awards | shares									216,000	439,000	355,000
Diluted weighted average common shares outstanding | shares									32,299,000	36,522,000	37,608,000
Diluted earnings per common share | $ / shares	$ (0.44)	$ (0.41)	$ 0.36	$ 0.50	$ 0.81	$ 0.60	$ 0.65	$ 0.77	$ 0.05	$ 2.83	$ 2.74
Weighted average antidilutive awards excluded from computation of earnings per share | shares									1,200,000	278,000	331,000
Joint ventures
Change in redemption value of noncontrolling interests									$ 0	$ 1,419,000	$ 570,000
Basic earnings per common share:
Change in noncontrolling interest redemption value									$ 0	$ 1,419,000	$ 570,000

Fair Value Measurements and D_3

Fair Value Measurements and Disclosures (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Measurement of financial assets and liabilities at fair value on a recurring basis
Impairment loss		$ 1,674	$ 1,350
Transfers among levels within the fair value hierarchy	$ 0	0
China Operations
Measurement of financial assets and liabilities at fair value on a recurring basis
Impairment loss		1,700	$ 1,400
Measured on Recurring Basis | Level 1
Measurement of financial assets and liabilities at fair value on a recurring basis
Cash surrender value of life insurance policies	27,751	28,645
Measured on Recurring Basis | Level 2
Measurement of financial assets and liabilities at fair value on a recurring basis
Interest rate swap assets	4,905	651
Measured on Recurring Basis | Carrying Value
Measurement of financial assets and liabilities at fair value on a recurring basis
Cash surrender value of life insurance policies	27,751	28,645
Interest rate swap assets	$ 4,905	$ 651

Noncontrolling Interests - Join

Noncontrolling Interests - Joint Ventures (Details)	3 Months Ended		12 Months Ended
	Sep. 30, 2018entity	Apr. 01, 2018entity	Dec. 30, 2018restaurantentity	Dec. 31, 2017restaurantentity
Minority Interest [Line Items]
Number of joint ventures			3	5
Joint ventures
Minority Interest [Line Items]
Number of joint ventures divested	1	1	2
Number of Restaurants | restaurant			183	246

Noncontrolling Interests - Inco

Noncontrolling Interests - Income Before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Minority Interest [Line Items]
Noncontrolling interests	$ 1,599	$ 4,233	$ 6,272
Total income before income taxes	5,891	140,342	158,809
Joint ventures
Minority Interest [Line Items]
Papa John's International, Inc.	5,794	7,181	9,913
Noncontrolling interests	1,599	4,233	6,272
Total income before income taxes	$ 7,393	$ 11,414	$ 16,185

Noncontrolling Interests - Chan

Noncontrolling Interests - Changes in Redeemable Noncontrolling Interests (Details)	12 Months Ended
	Dec. 30, 2018USD ($)item	Dec. 31, 2017USD ($)	Dec. 25, 2016USD ($)
Redeemable Noncontrolling Interests
Number of joint ventures under which noncontrolling interest holders have the option to require the Company to purchase their interests | item	1
Changes in redeemable noncontrolling interests
Balance at the beginning of the period	$ 6,738,000
Net income (loss)	(488,000)	$ 2,195,000	$ 3,665,000
Distributions to noncontrolling interests	(2,406,000)	(2,949,000)	(2,610,000)
Change in redemption value		(1,419,000)	(567,000)
Balance at the end of the period	5,464,000	6,738,000
Joint ventures
Changes in redeemable noncontrolling interests
Balance at the beginning of the period	6,738,000	8,461,000
Net income (loss)	(274,000)	2,195,000
Distributions to noncontrolling interests	(1,000,000)	(2,499,000)
Change in redemption value	0	(1,419,000)	(570,000)
Balance at the end of the period	$ 5,464,000	$ 6,738,000	$ 8,461,000

Divestitures - Divestitures (De

Divestitures - Divestitures (Details)	Jul. 02, 2018USD ($)restaurant	Jun. 15, 2018USD ($)restaurant	Sep. 30, 2018USD ($)lease	Apr. 01, 2018USD ($)restaurant	Dec. 30, 2018USD ($)restaurant	Dec. 31, 2017USD ($)	Dec. 25, 2016USD ($)
Proceeds from divestitures of restaurants					$ 7,707,000		$ 16,844,000
Goodwill written off					1,359,000
Impairment loss						$ 1,674,000	1,350,000
Refranchising and impairment gains/(losses), net					(289,000)	(1,674,000)	10,222,000
Contract assets					6,600,000	7,100,000
Stores in Denver, Colorado market
Number of restaurants divested | restaurant				31
Ownership share in stores refranchised (as a percent)				60.00%
Total consideration for asset sale of restaurants				$ 4,800,000
Proceeds from divestitures of restaurants				3,700,000
Consideration for asset sale, notes financed by Papa John's				1,100,000
Goodwill written off				700,000
Number of domestic leases for which the Company is contingently liable | lease			31
Estimated maximum amount of undiscounted payments in the event of nonpayment by primary lessees					$ 2,900,000
Refranchising and impairment gains/(losses), net				$ 690,000
Stores in Beijing and Tianjin, China
Number of restaurants divested | restaurant		34			34
Impairment loss						$ 1,700,000	$ 1,400,000
Refranchising and impairment gains/(losses), net		$ (1,900,000)
Reversal of accumulated other comprehensive income related to foreign currency translation		1,300,000			$ 1,300,000
Additional tax expense associated with divestiture of restaurants		$ 2,400,000
Stores in Minneapolis, Minnesota market
Number of restaurants divested | restaurant	31
Ownership share in stores refranchised (as a percent)	70.00%
Total consideration for asset sale of restaurants	$ 3,750,000
Goodwill written off			$ 600,000
Number of domestic leases for which the Company is contingently liable | lease			31
Estimated maximum amount of undiscounted payments in the event of nonpayment by primary lessees			$ 5,900,000
Refranchising and impairment gains/(losses), net			$ 930,000

Divestitures - Assets Held for

Divestitures - Assets Held for Sale (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Apr. 01, 2018restaurant	Dec. 31, 2017USD ($)	Dec. 25, 2016USD ($)	Jan. 02, 2018USD ($)
Assets Held for Sale disclosures
Impairment loss		$ 1,674	$ 1,350
Assets classified as held for sale
Total assets held for sale		6,133		$ 6,133
China Operations
Assets Held for Sale disclosures
Impairment loss		1,700	$ 1,400
Assets classified as held for sale
Cash		908
Inventories		505
Prepaid expenses		570
Net property and equipment		4,878
Other assets		946
Valuation allowance		(1,674)
Total assets held for sale		6,133
Liabilities classified as held for sale
Accounts payable		1,817
Accrued and other liabilities		470
Total liabilities held for sale		$ 2,287
Stores in Denver, Colorado market
Liabilities classified as held for sale
Number of restaurants divested | restaurant	31
Ownership share in stores refranchised (as a percent)	60.00%

Goodwill (Details)

Goodwill (Details) $ in Thousands	12 Months Ended
	Dec. 30, 2018USD ($)restaurantitem	Dec. 31, 2017USD ($)	Dec. 25, 2016USD ($)
Goodwill
Goodwill, Beginning Balance	$ 86,892	$ 85,529
Divestitures	(1,359)
Foreign currency adjustments	(1,017)	1,363
Goodwill, Ending Balance	84,516	86,892
Goodwill impairment loss	0	0
Domestic Company-owned Restaurants
Goodwill
Goodwill, Beginning Balance	70,048	70,048
Divestitures	(1,359)
Goodwill, Ending Balance	$ 68,689	70,048
Number of restaurants divested | restaurant	62
Number of domestic markets in which restaurants divested | item	2
International
Goodwill
Goodwill, Beginning Balance	$ 16,408	15,045
Foreign currency adjustments	(1,017)	1,363
Goodwill, Ending Balance	15,391	16,408
Goodwill, accumulated impairment	2,300	2,300	$ 2,300
All others
Goodwill
Goodwill, Beginning Balance	436	436
Goodwill, Ending Balance	$ 436	$ 436

Debt and Credit Arrangements -

Debt and Credit Arrangements - Schedule of Long Term Debt (Details) - USD ($) $ in Thousands	Dec. 30, 2018	Jan. 02, 2018	Dec. 31, 2017
Debt and Credit Arrangements
Outstanding debt	$ 625,000		$ 470,000
Unamortized debt issuance costs	(3,874)		(3,435)
Current portion of long-term debt	(20,000)	$ (20,000)	(20,000)
Total long-term debt, less current portion, net	$ 601,126	$ 446,565	$ 446,565

Debt and Credit Arrangements _2

Debt and Credit Arrangements - Credit Agreements (Details)	Oct. 09, 2018USD ($)$ / shares	Aug. 30, 2017USD ($)item	Dec. 30, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 25, 2016USD ($)
Debt
Outstanding debt			$ 625,000,000	$ 470,000,000
Dividends paid			28,985,000	30,720,000	$ 27,896,000
Debt issuance costs			3,874,000	$ 3,435,000
Credit Agreement
Debt
Outstanding debt			625,000,000
Number of quarters in interest margin period | item		4
Line of credit facility, remaining availability			110,000,000
Credit Agreement | Maximum | Option to increase the Revolving Facility or the Term Loan Facility
Debt
Leverage Ratio		4
Additional amount that company has option to increase borrowing capacity		$ 300,000,000
Credit Agreement | LIBOR | Minimum
Debt
Interest margin rate on debt		1.25%
Credit Agreement | LIBOR | Maximum
Debt
Interest margin rate on debt		2.50%
Credit Agreement | Base rate | Minimum
Debt
Interest margin rate on debt		0.25%
Credit Agreement | Base rate | Maximum
Debt
Interest margin rate on debt		1.50%
Amendment to Credit Agreement
Debt
Unamortized debt issuance costs	$ 560,000
Incurred amendment fees	$ 1,900,000
Amendment to Credit Agreement | Leverage Ratio is greater than 3.50 to 1.00 but less than 4.50 to 1.00
Debt
Interest margin rate on debt	0.25%
Amendment to Credit Agreement | Leverage Ratio is greater than 4.50 to 1.00
Debt
Interest margin rate on debt	0.50%
Amendment to Credit Agreement | Minimum | Modification of financial covenants beginning in the third quarter of 2018
Debt
Fixed charge coverage ratio	2
Amendment to Credit Agreement | Minimum | Modification of financial covenants in 2021 and thereafter
Debt
Fixed charge coverage ratio	2.50
Amendment to Credit Agreement | Minimum | Leverage Ratio is greater than 3.50 to 1.00 but less than 4.50 to 1.00
Debt
Leverage Ratio	3.50
Amendment to Credit Agreement | Minimum | Leverage Ratio is greater than 4.50 to 1.00
Debt
Leverage Ratio	4.50
Amendment to Credit Agreement | Maximum | Modification of financial covenants beginning in the third quarter of 2018
Debt
Leverage Ratio	5.25
Amendment to Credit Agreement | Maximum | Modification of financial covenants by 2022
Debt
Leverage Ratio	4
Amendment to Credit Agreement | Maximum | Ability to make dividends and distributions based on Leverage Ratio
Debt
Leverage Ratio	3.75
Quarterly dividend paid per common share (in dollars per share) | $ / shares	$ 0.225
Dividends paid	$ 35,000,000
Amendment to Credit Agreement | Maximum | Removal of interest rate pricing tiers
Debt
Leverage Ratio	1.50
Amendment to Credit Agreement | Maximum | Leverage Ratio is greater than 3.50 to 1.00 but less than 4.50 to 1.00
Debt
Leverage Ratio	4.50
Revolving Facility | Credit Agreement
Debt
Line of credit facility, maximum borrowing capacity		$ 600,000,000
Outstanding debt			250,000,000
Line of credit facility, maximum borrowing capacity of foreign currencies		35,000,000
Revolving Facility | Amendment to Credit Agreement
Debt
Line of credit facility, maximum borrowing capacity	$ 400,000,000
Revolving Facility | Amendment to Credit Agreement | Leverage Ratio is greater than 3.50 to 1.00 but less than 4.50 to 1.00
Debt
Percentage of commitment fee on unused credit facility	0.05%
Revolving Facility | Amendment to Credit Agreement | Leverage Ratio is greater than 4.50 to 1.00
Debt
Percentage of commitment fee on unused credit facility	0.10%
Term Loan Facility | Credit Agreement
Debt
Outstanding debt		400,000,000	$ 375,000,000
Quarterly amortization payment		$ 5,000,000

Debt and Credit Arrangements _3

Debt and Credit Arrangements - Derivatives (Details) $ in Millions	Dec. 30, 2018USD ($)
Interest rate swap, April 2018, 2.33% fixed
Interest rate swaps
Interest rate swap agreement, notional amount	$ 55
Interest rate swap agreement, fixed interest rate	2.33%
Interest rate swap, April 2018, 2.36% fixed
Interest rate swaps
Interest rate swap agreement, notional amount	$ 35
Interest rate swap agreement, fixed interest rate	2.36%
Interest rate swap, April 2018, 2.34% fixed
Interest rate swaps
Interest rate swap agreement, notional amount	$ 35
Interest rate swap agreement, fixed interest rate	2.34%
Interest rate swap, January 2018, 1.99% fixed, $100 million notional amount
Interest rate swaps
Interest rate swap agreement, notional amount	$ 100
Interest rate swap agreement, fixed interest rate	1.99%
Interest rate swap, January 2018, 1.99% fixed, $75 million notional amount
Interest rate swaps
Interest rate swap agreement, notional amount	$ 75
Interest rate swap agreement, fixed interest rate	1.99%
Interest rate swap, January 2018, 2.00% fixed, $75 million notional amount
Interest rate swaps
Interest rate swap agreement, notional amount	$ 75
Interest rate swap agreement, fixed interest rate	2.00%
Interest rate swap, January 2018, 1.99% fixed, $25 million notional amount
Interest rate swaps
Interest rate swap agreement, notional amount	$ 25
Interest rate swap agreement, fixed interest rate	1.99%

Debt and Credit Arrangements _4

Debt and Credit Arrangements - Interest Rate Swaps (Details) $ in Thousands	Dec. 30, 2018USD ($)item	Dec. 31, 2017USD ($)
Not designated as a hedge
Debt and Credit Arrangements
Number of derivatives held | item	0
Interest rate swap | Other current and long-term assets
Debt and Credit Arrangements
Derivatives designated as hedging instruments, fair value | $	$ 4,905	$ 651

Debt and Credit Arrangements _5

Debt and Credit Arrangements - Effect of Derivatives on Financial Statements (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Debt and Credit Arrangements
Weighted average interest rates on debt, including the impact of interest rate swap agreements	3.90%	2.70%	2.10%
Interest paid, including payments made or received under the swaps	$ 23,500	$ 10,800	$ 7,100
Interest rate swap | Other current and long-term assets
Debt and Credit Arrangements
Interest rate swap assets	$ 4,900
Estimate of period of time over which portion of derivative liability would be reclassified into earnings	12 months
Portion of derivative asset that would be reclassified into earnings	$ 1,300
Interest expense | Interest rate swap
Debt and Credit Arrangements
Amount of Gain or (Loss) Recognized in AOCI/AOCL on Derivative	3,222	891	940
Amount of Gain or (Loss) Reclassified from AOCI/AOCL into Income	(22)	(421)	(1,161)
Total Interest Expense on Consolidated Statements of Operations	$ (25,306)	$ (11,283)	$ (7,397)

Net Property and Equipment (Det

Net Property and Equipment (Details) - USD ($) $ in Thousands	Dec. 30, 2018	Jan. 02, 2018	Dec. 31, 2017	Dec. 25, 2016
Property, Plant and Equipment
Property and equipment, gross	$ 665,172		$ 640,499
Accumulated depreciation and amortization	(438,278)		(406,168)	$ (386,884)
Net property and equipment	226,894	$ 234,331	234,331	$ 230,473
Land
Property, Plant and Equipment
Property and equipment, gross	33,833		33,994
Buildings and improvements
Property, Plant and Equipment
Property and equipment, gross	91,665		91,809
Leasehold improvements
Property, Plant and Equipment
Property and equipment, gross	125,192		125,204
Equipment and other
Property, Plant and Equipment
Property and equipment, gross	402,991		378,509
Construction in progress
Property, Plant and Equipment
Property and equipment, gross	$ 11,491		$ 10,983

Notes Receivable - Loan Agreeme

Notes Receivable - Loan Agreement (Details) - USD ($)	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Notes Receivable
Loans outstanding, net of allowance for doubtful accounts	$ 28,800,000	$ 19,900,000
Interest income on franchisee loans	750,000	579,000	$ 684,000
Allowance for uncollectible notes receivable	$ 3,369,000	$ 1,047,000	$ 2,759,000

Notes Receivable - Summary of C

Notes Receivable - Summary of Changes in Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017
Notes Receivable
Balance at the beginning of the period	$ 1,047	$ 2,759
Recovered from costs and expenses	(393)	(1,715)
Additions (deductions) including or net of notes written off	2,715	3
Balance at the end of the period	$ 3,369	$ 1,047

Accrued Expenses and Other Cu_3

Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Dec. 30, 2018	Jan. 02, 2018	Dec. 31, 2017
Salaries, benefits and bonuses	$ 12,979		$ 15,365
Insurance reserves, current	33,769		19,847
Purchases	11,336		11,364
Accrued customer liabilities	2,443	$ 2,400
Rent	3,932		3,794
Marketing	4,539		1,481
Deposits	1,415		3,091
Utilities	1,478		1,382
Consulting and professional fees	8,671		1,134
Legal costs	2,093		804
Other	7,481		7,755
Total	105,712	$ 86,153	70,293
Customer loyalty program
Accrued customer liabilities	$ 18,019		$ 4,276

Other Long-term Liabilities (De

Other Long-term Liabilities (Details) - USD ($) $ in Thousands	Dec. 30, 2018	Jan. 02, 2018	Dec. 31, 2017
Other Long-term Liabilities
Deferred compensation plan	$ 27,796		$ 28,690
Insurance reserves	42,144		21,995
Accrued rent	6,461		7,129
Other	2,923		2,332
Total	$ 79,324	$ 60,146	$ 60,146

Other General Expenses (Details

Other General Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
General and Administrative Expenses
Provision (credit) for uncollectible accounts and notes receivable	$ 4,761	$ 29	$ 409
Loss on disposition of fixed assets	2,233	2,493	623
Advertising and related costs	60,800	72,300	70,900
Franchise support initiative	34	2,986	3,185
Other	(1,725)	343	361
Other general expenses	19,721	5,427	4,161
Special Committee costs	19,474
Administrative expenses	153,356	145,439	153,974
General and administrative expenses	192,551	150,866	158,135
Reimaging costs and replacement or write off of certain branded assets
General and Administrative Expenses
Special charges	5,841
General and administrative expenses
General and Administrative Expenses
Provision (credit) for uncollectible accounts and notes receivable	3,338	(1,441)	(450)
Papa Rewards
General and Administrative Expenses
Advertising and related costs		$ 1,046	$ 442
PJMF
General and Administrative Expenses
Contributions for additional advertising	$ 10,000

Income Taxes - Domestic and For

Income Taxes - Domestic and Foreign Components of Income and Provision (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Components of income (loss) before income taxes
Domestic income / (loss)	$ (10,471)	$ 122,828	$ 146,063
Foreign income	16,362	17,514	12,746
Income before income taxes	5,891	140,342	158,809
Current:
Federal	(5,324)	28,951	32,477
Foreign	4,736	4,602	2,669
State and local	1,529	(234)	2,947
Deferred:
Deferred	1,705	498	11,624
Total income taxes	$ 2,646	$ 33,817	$ 49,717

Income Taxes - Deferred Tax Ass

Income Taxes - Deferred Tax Assets (Liabilities) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017
Deferred tax assets
Accrued liabilities	$ 16,339	$ 11,378
Accrued bonuses	724	192
Other assets and liabilities	10,705	7,913
Equity awards	5,862	5,690
Other	2,196	2,178
Foreign net operating losses	1,555	2,773
Foreign tax credit carryforwards	7,230	4,707
Total deferred tax assets	44,611	34,831
Valuation allowance on foreign net operating and capital losses, foreign deferred tax assets, and foreign tax credit carryforwards	(8,183)	(7,415)
Total deferred tax assets, net of valuation allowances	36,428	27,416
Deferred tax liabilities
Deferred expenses	(5,576)	(6,912)
Accelerated depreciation	(24,239)	(19,228)
Goodwill	(12,645)	(12,248)
Other	(1,064)	(989)
Total deferred tax liabilities	(43,524)	(39,377)
Net deferred liability	$ (7,096)	(11,961)
Other tax disclosures
Expiration term of foreign tax credit carryforwards	10 years
Foreign tax authority
Other tax disclosures
Net operating loss carryovers	$ 5,300	9,400
Valuation allowance related to net operating losses	600	$ 2,100
Foreign tax credit carryforwards
Deferred tax assets
Valuation allowance on foreign net operating and capital losses, foreign deferred tax assets, and foreign tax credit carryforwards	$ (7,200)

Income Taxes - Reconciliation a

Income Taxes - Reconciliation and Tax Act (Details) - USD ($)	Jan. 01, 2018	Dec. 31, 2017	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Income Tax Expense
Tax at U.S. federal statutory rate			$ 1,237,000	$ 49,120,000	$ 55,583,000
State and local income taxes			150,000	2,432,000	2,972,000
Foreign income taxes			4,879,000	5,306,000	3,143,000
Income of consolidated partnerships attributable to noncontrolling interests			(371,000)	(1,554,000)	(2,312,000)
Non-qualified deferred compensation plan (income) loss			483,000	(1,236,000)	(428,000)
Excess tax benefits on equity awards			447,000	(1,879,000)
Remeasurement of deferred taxes		$ (7,000,000)		(7,020,000)
Tax credits			(6,945,000)	(6,909,000)	(6,771,000)
Disposition of China			4,118,000
Other			(1,352,000)	(4,443,000)	(2,470,000)
Total income taxes			$ 2,646,000	$ 33,817,000	$ 49,717,000
Income Tax Rate
Tax at U.S. federal statutory rate (as a percent)	21.00%		21.00%	35.00%	35.00%
State and local income taxes (as a percent)			2.60%	1.70%	1.90%
Foreign income taxes (as a percent)			82.80%	3.80%	2.00%
Income of consolidated partnerships attributable to noncontrolling interests (as a percent)			(6.30%)	(1.10%)	(1.40%)
Non-qualified deferred compensation plan (income) loss (as a percent)			8.20%	(0.90%)	(0.30%)
Excess tax benefits on equity awards (as a percent)			7.60%	(1.40%)
Remeasurement of deferred taxes (as a percent)				(5.00%)
Tax credits (as a percent)			(117.90%)	(4.90%)	(4.30%)
Disposition of China (as a percent)			69.90%
Other (as a percent)			17.50%	(3.10%)	(1.60%)
Total (as a percent)			85.40%	24.10%	31.30%
Income taxes paid			$ 14,000,000	$ 37,200,000	$ 35,100,000
Decrease in liability for unrecognized tax benefits resulting from finalization of current examinations and other issues in the next 12 months			$ 240,000

Income Taxes - Tax Benefits (De

Income Taxes - Tax Benefits (Details) - USD ($)	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017
Income Taxes
Balance at the beginning of the period	$ 2,028,000	$ 4,827,000
Additions for tax positions of current year	510,000	134,000
Reductions for tax positions of prior years	(515,000)	(2,862,000)
Reductions for lapse of statute of limitations		(71,000)
Balance at the end of the period	2,023,000	2,028,000
Interest (expense) benefit included in income tax expense	(39,000)	416,000
Income tax expense, accrued interest and penalties	$ 165,000	$ 124,000

Related Party Transactions - Fr

Related Party Transactions - Franchisees (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 30, 2018	Sep. 30, 2018	Jul. 01, 2018	Apr. 01, 2018	Dec. 31, 2017	Sep. 24, 2017	Jun. 25, 2017	Mar. 26, 2017	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016	Jan. 02, 2018
Related party transactions
Revenues	$ 373,981	$ 364,007	$ 407,959	$ 427,369	$ 467,606	$ 431,709	$ 434,778	$ 449,266	$ 1,573,316	$ 1,783,359	$ 1,713,620
Accounts receivable - affiliates	69				86				69	86		$ 86
North America commissary
Related party transactions
Revenues									609,866	673,712	623,883
All others
Related party transactions
Revenues									60,509
North America franchising
Related party transactions
Revenues									79,293	106,729	102,980
Franchisees owned by related parties
Related party transactions
Revenues									3,320	3,394	3,033
Accounts receivable - affiliates	$ 69				$ 86				69	86
Franchisees owned by related parties | North America commissary
Related party transactions
Revenues									2,653	2,619	2,372
Franchisees owned by related parties | All others
Related party transactions
Revenues									238	336	248
Franchisees owned by related parties | North America franchising
Related party transactions
Revenues									$ 429	$ 439	$ 413

Related Party Transactions - Fo

Related Party Transactions - Founder and Chairman and PJMF (Details) - USD ($)	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Transactions with entity owned by Founder
Related party transactions
Cash paid for charter aircraft services	$ 300,000	$ 446,000	$ 732,000
PJMF
Related party transactions
Contributions for additional advertising	10,000,000
Loyalty program reimbursement received	900,000	1,600,000	1,100,000
Other reimbursements received	$ 1,000,000	$ 1,300,000	$ 1,400,000

Litigation, Commitments and C_3

Litigation, Commitments and Contingencies - Durling (Details)	Oct. 29, 2018employee
Durling et al v. Papa John's International, Inc.
Loss Contingency Information About Litigation Matters
Approximate number of employees who opted into the class action	9,571

Litigation, Commitments and C_4

Litigation, Commitments and Contingencies - Other Matters (Details) $ in Thousands	12 Months Ended
	Dec. 30, 2018USD ($)
PJMF
Loss Contingencies [Line Items]
Contributions for additional advertising	$ 10,000
Reimaging costs and replacement or write off of certain branded assets
Loss Contingencies [Line Items]
Special charges	5,841
Negative publicity and consumer sentiment
Loss Contingencies [Line Items]
Special charges	50,700
Negative publicity and consumer sentiment | Franchise royalty reductions
Loss Contingencies [Line Items]
Special charges	15,400
Negative publicity and consumer sentiment | Reimaging costs and replacement or write off of certain branded assets
Loss Contingencies [Line Items]
Special charges	5,800
Negative publicity and consumer sentiment | Legal and professional fees
Loss Contingencies [Line Items]
Special charges	$ 19,500

Litigation, Commitments and C_5

Litigation, Commitments and Contingencies - Leases (Details) $ in Millions	12 Months Ended
	Dec. 30, 2018USD ($)item	Dec. 31, 2017USD ($)	Dec. 25, 2016USD ($)
Lease disclosures
Payments received from sublease	$ 8.6	$ 7.4	$ 7.5
Total lease expense	$ 44.8	$ 45	$ 45
Office, retail and commissary space
Lease disclosures
Operating leases, average term in years	5 years
Number of renewals | item	1
Tractors and trailers
Lease disclosures
Operating leases, average term in years	7 years

Litigation, Commitments and C_6

Litigation, Commitments and Contingencies - Future Lease Cost (Details) $ in Thousands	Dec. 30, 2018USD ($)
Contingencies
Gross Lease Costs, 2019	$ 40,834
Gross Lease Costs, 2020	36,631
Gross Lease Costs, 2021	31,159
Gross Lease Costs, 2022	25,188
Gross Lease Costs, 2023	18,694
Gross Lease Costs, Thereafter	57,304
Gross Lease Costs, Total	209,810
Future Expected Sublease Income, 2019	8,079
Future Expected Sublease Income, 2020	8,061
Future Expected Sublease Income, 2021	7,818
Future Expected Sublease Income, 2022	7,462
Future Expected Sublease Income, 2023	7,182
Future Expected Sublease Income, Thereafter	42,518
Future Expected Sublease Income, Total	$ 81,120

Litigation, Commitments and C_7

Litigation, Commitments and Contingencies - Capital Lease (Details) $ in Millions	Dec. 30, 2018USD ($)lease
Litigation, Commitments and Contingencies
Contingent lease liability, number of domestic leases | lease	124
Estimated maximum amount of undiscounted payments for contingent lease liabilities | $	$ 11.9

Equity Compensation (Details)

Equity Compensation (Details) - USD ($)	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Equity Compensation
Award vesting period, in years	3 years
Stock-based employee compensation expense	$ 9,900,000	$ 10,400,000	$ 10,100,000
Total income tax benefit recognized for share-based compensation arrangements	2,300,000	$ 3,800,000	$ 3,700,000
Unrecognized compensation cost related to nonvested option awards and restricted stock	16,800,000
Unrecognized compensation cost related to nonvested option awards and restricted stock, current	10,200,000
Unrecognized compensation cost related to nonvested option awards and restricted stock to be recognized in two years	6,200,000
Unrecognized compensation cost related to nonvested option awards and restricted stock to be recognized in three years	$ 400,000
Exercise of stock options (in shares)	75,000	147,000	478,000
Total intrinsic value of the options exercised	$ 1,500,000	$ 5,200,000	$ 18,600,000
Cash received upon exercise of stock options	2,699,000	6,260,000	7,060,000
Tax benefits (expense) realized upon the exercise of stock options	$ (300,000)
Tax benefits (expense) realized upon the exercise of stock options		$ 1,900,000	$ 6,900,000
Omnibus Incentive 2018 Plan
Equity Compensation
Shares of common stock authorized for issuance	6,600,000
Shares of common stock available for future issuance	6,600,000
Omnibus Incentive 2011 Plan
Equity Compensation
Shares of common stock available for future issuance	5,300,000
Options
Equity Compensation
Award vesting period, in years	3 years
Options | Maximum
Equity Compensation
Award expiration period, in years	10 years
Options | Omnibus Incentive 2018 Plan
Equity Compensation
Award vesting period, in years	3 years
Options | Omnibus Incentive 2018 Plan | Maximum
Equity Compensation
Award expiration period, in years	10 years

Equity Compensation - Option Ac

Equity Compensation - Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Number of Options
Number of Options, Outstanding (in shares)	1,452,000
Number of Options, Granted (in shares)	456,000	315,000	403,000
Number of Options, Exercised (in shares)	(75,000)	(147,000)	(478,000)
Number of Options, Cancelled (in shares)	(219,000)
Number of Options, Outstanding (in shares)	1,614,000	1,452,000
Number of Options, Exercisable (in shares)	976,000
Weighted Average Exercise Price
Weighted Average Exercise Price, Outstanding (in dollars per share)	$ 53.43
Weighted Average Exercise Price, Granted (in dollars per share)	59.23
Weighted Average Exercise Price, Exercised (in dollars per share)	36.06
Weighted Average Exercise Price, Cancelled (in dollars per share)	65.33
Weighted Average Exercise Price, Outstanding (in dollars per share)	54.27	$ 53.43
Weighted Average Exercise Price, Exercisable (in dollars per share)	$ 47.66
Options, Additional Disclosures
Weighted Average Remaining Contractual Term, Outstanding	6 years 9 months 15 days
Weighted Average Remaining Contractual Term, Exercisable	5 years 6 months 18 days
Aggregate Intrinsic Value, Outstanding	$ 5,985
Aggregate Intrinsic Value, Exercisable	$ 5,985

Equity Compensation - Fair Valu

Equity Compensation - Fair Value (Details) - Options	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Assumptions (weighted average):
Risk-free interest rate (as a percent)	2.70%	2.00%	1.30%
Expected dividend yield (as a percent)	1.50%	1.00%	1.20%
Expected volatility (as a percent)	27.60%	26.70%	27.40%
Expected term (in years)	5 years 7 months 6 days	5 years 7 months 6 days	5 years 6 months

Equity Compensation - Vesting (

Equity Compensation - Vesting (Details) - $ / shares	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Equity Compensation
Award vesting period, in years	3 years
Weighted average grant-date fair values of options granted	$ 15.27	$ 19.88	$ 13.96
Options granted, shares	456,000	315,000	403,000
Options
Equity Compensation
Award vesting period, in years	3 years
Options | Maximum
Equity Compensation
Award expiration period, in years	10 years

Equity Compensation - RSU's (De

Equity Compensation - RSU's (Details) - USD ($)	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Equity Compensation
Award vesting period, in years	3 years
Restricted Stock
Equity Compensation
Restricted Shares, Granted	330,000
Time based restricted stock
Equity Compensation
Award vesting period, in years	3 years	3 years	3 years
Restricted Shares, Granted	260,000	73,000	85,000
Dividends declared to holders of time-based restricted stock (in dollars)	$ 185,000	$ 128,000	$ 117,000
Dividends declared to holders of time-based restricted stock (in dollars per share)	$ 0.9	$ 0.85	$ 0.75
Performance based restricted stock units | Executive Management
Equity Compensation
Award vesting period, in years	3 years
Restricted Shares, Granted	70,000	13,000	14,000

Equity Compensation - RSU Rollf

Equity Compensation - RSU Rollforward (Details) - Restricted Stock shares in Thousands	12 Months Ended
	Dec. 30, 2018$ / sharesshares
Shares
Restricted Shares, Beginning Balance | shares	181
Restricted Shares, Granted | shares	330
Restricted Shares, Forfeited | shares	(54)
Restricted Shares, Vested | shares	(87)
Restricted Shares, Ending Balance | shares	370
Weighted Average Grant Date Fair Value
Weighted Average Grant-Date Fair Value, Beginning Balance (in dollars per share) | $ / shares	$ 69.11
Weighted Average Grant-Date Fair Value, Granted (in dollars per share) | $ / shares	57.37
Weighted Average Grant-Date Fair Value, Forfeited (in dollars per share) | $ / shares	64.67
Weighted Average Grant-Date Fair Value, Vested (in dollars per share) | $ / shares	66.59
Weighted Average Grant-Date Fair Value, Ending Balance (in dollars per share) | $ / shares	$ 59.84

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Employee Benefit Plans
Deferred compensation plan assets, noncurrent	$ 27,800	$ 28,600
Deferred compensation liability classified, noncurrent	$ 27,796	$ 28,690
Employer discretionary matching contribution made to 401(k) plan and non-qualified deferred compensation plan, percentage	1.50%	3.00%	3.00%
Maximum employee contribution percentage eligible for employer match	6.00%	6.00%	6.00%
Costs of 401(k) plan and non-qualified deferred compensation plan	$ 1,100	$ 2,300	$ 2,600

Segment Information - Concentra

Segment Information - Concentration (Details)	Dec. 30, 2018entity
Consolidated revenues
Major customers disclosures
Concentration risk, number	0

Segment Information - Schedule

Segment Information - Schedule of Segment Reporting Information, by Segment (Details)	3 Months Ended								12 Months Ended
	Dec. 30, 2018USD ($)	Sep. 30, 2018USD ($)	Jul. 01, 2018USD ($)	Apr. 01, 2018USD ($)	Dec. 31, 2017USD ($)	Sep. 24, 2017USD ($)	Jun. 25, 2017USD ($)	Mar. 26, 2017USD ($)	Dec. 30, 2018USD ($)segment	Dec. 31, 2017USD ($)	Dec. 25, 2016USD ($)	Jan. 02, 2018USD ($)
Segment Information
Reportable segments, number | segment									4
Revenues	$ 373,981,000	$ 364,007,000	$ 407,959,000	$ 427,369,000	$ 467,606,000	$ 431,709,000	$ 434,778,000	$ 449,266,000	$ 1,573,316,000	$ 1,783,359,000	$ 1,713,620,000
Depreciation and amortization									46,403,000	43,668,000	40,987,000
Income (loss) before income taxes									5,891,000	140,342,000	158,809,000
Refranchising and impairment gains/(losses), net									(289,000)	(1,674,000)	10,222,000
Impairment loss										1,674,000	1,350,000
Legal settlement expense											(898,000)
Property and equipment, gross	665,172,000				640,499,000				665,172,000	640,499,000
Accumulated depreciation and amortization	(438,278,000)				(406,168,000)				(438,278,000)	(406,168,000)	(386,884,000)
Net property and equipment	226,894,000				234,331,000				226,894,000	234,331,000	230,473,000	$ 234,331,000
Expenditures for property and equipment									42,028,000	52,593,000	55,554,000
China Operations
Segment Information
Impairment loss										1,700,000	1,400,000
Negative publicity and consumer sentiment
Segment Information
Special charges									50,700,000
Domestic Company-owned restaurants
Segment Information
Revenues									692,380,000	816,718,000	815,931,000
Refranchising and impairment gains/(losses), net									300,000		11,600,000
North America franchising
Segment Information
Revenues									79,293,000	106,729,000	102,980,000
North America franchising | Negative publicity and consumer sentiment
Segment Information
Special charges									15,400,000
International
Segment Information
Revenues									110,349,000	114,021,000	100,904,000
All others
Segment Information
Revenues									60,509,000
Operating segments | Domestic Company-owned restaurants
Segment Information
Revenues									692,380,000	816,718,000	815,931,000
Depreciation and amortization									15,411,000	15,484,000	16,028,000
Income (loss) before income taxes									18,988,000	47,548,000	75,136,000
Property and equipment, gross	236,526,000				235,640,000				236,526,000	235,640,000	225,081,000
Expenditures for property and equipment									13,568,000	15,245,000	16,257,000
Operating segments | North America commissaries
Segment Information
Revenues									609,866,000	673,712,000	623,883,000
Depreciation and amortization									7,397,000	6,897,000	6,027,000
Income (loss) before income taxes									27,961,000	47,844,000	46,325,000
Transfer of expenses between unallocated corporate and segments									7,900,000
Property and equipment, gross	140,309,000				136,701,000				140,309,000	136,701,000	128,469,000
Expenditures for property and equipment									3,994,000	14,767,000	14,164,000
Operating segments | North America franchising
Segment Information
Revenues									79,293,000	106,729,000	102,980,000
Income (loss) before income taxes									70,732,000	96,298,000	91,669,000
Operating segments | International
Segment Information
Revenues									131,268,000	126,285,000	113,103,000
Depreciation and amortization									1,696,000	2,018,000	2,188,000
Income (loss) before income taxes									14,399,000	15,888,000	11,408,000
Property and equipment, gross	17,218,000				17,257,000				17,218,000	17,257,000	15,673,000
Expenditures for property and equipment									986,000	1,884,000	4,390,000
Operating segments | All others
Segment Information
Revenues									60,509,000	59,915,000	57,723,000
Depreciation and amortization									8,513,000	5,276,000	3,830,000
Income (loss) before income taxes									(6,888,000)	(179,000)	1,467,000
Transfer of expenses between unallocated corporate and segments									3,500,000
Property and equipment, gross	71,880,000				58,977,000				71,880,000	58,977,000	55,586,000
Expenditures for property and equipment									13,438,000	8,239,000	7,897,000
Elimination
Segment Information
Revenues									(235,269,000)	(265,029,000)	(256,444,000)
Income (loss) before income taxes									(1,005,000)	(958,000)	(2,405,000)
Elimination | North America commissaries
Segment Information
Revenues									(201,325,000)	(244,699,000)	(236,896,000)
Elimination | North America franchising
Segment Information
Revenues									(2,965,000)	(3,342,000)	(2,869,000)
Elimination | International
Segment Information
Revenues									(283,000)	(273,000)	(269,000)
Elimination | All others
Segment Information
Revenues									(30,696,000)	(16,715,000)	(16,410,000)
Unallocated corporate
Segment Information
Depreciation and amortization									13,386,000	13,993,000	12,914,000
Income (loss) before income taxes									(118,296,000)	(66,099,000)	(64,791,000)
Transfer of expenses between unallocated corporate and segments									(13,200,000)
Property and equipment, gross	$ 199,239,000				$ 191,924,000				199,239,000	191,924,000	192,548,000
Expenditures for property and equipment									10,042,000	$ 12,458,000	$ 12,846,000
Unallocated corporate | Negative publicity and consumer sentiment
Segment Information
Special charges									$ 35,300,000

Quarterly Data - Unaudited, i_3

Quarterly Data - Unaudited, in Thousands, except Per Share Data (Details) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 30, 2018USD ($)$ / shares	Sep. 30, 2018USD ($)$ / shares	Jul. 01, 2018USD ($)$ / shares	Apr. 01, 2018USD ($)$ / shares	Dec. 31, 2017USD ($)item$ / shares	Sep. 24, 2017USD ($)item$ / shares	Jun. 25, 2017USD ($)item$ / shares	Mar. 26, 2017USD ($)item$ / shares	Dec. 30, 2018USD ($)item$ / shares	Dec. 31, 2017USD ($)$ / shares	Dec. 25, 2016USD ($)$ / shares
Total revenues | $	$ 373,981	$ 364,007	$ 407,959	$ 427,369	$ 467,606	$ 431,709	$ 434,778	$ 449,266	$ 1,573,316	$ 1,783,359	$ 1,713,620
Operating income (loss) | $	(8,314)	(13,990)	25,367	27,317	36,604	33,515	37,217	43,681	30,380	151,017	164,523
Net income (loss) attributable to the Company | $	$ (13,849)	$ (13,033)	$ 11,791	$ 16,737	$ 28,509	$ 21,817	$ 23,538	$ 28,428	$ 1,646	$ 102,292	$ 102,820
Basic earnings per common share | $ / shares	$ (0.44)	$ (0.41)	$ 0.37	$ 0.50	$ 0.82	$ 0.61	$ 0.66	$ 0.78	$ 0.05	$ 2.86	$ 2.76
Diluted earnings per common share | $ / shares	(0.44)	(0.41)	0.36	0.50	0.81	0.60	0.65	0.77	0.05	2.83	2.74
Dividends declared per common share | $ / shares	$ 0.225	$ 0.225	$ 0.225	$ 0.225	$ 0.225	$ 0.225	$ 0.200	$ 0.200	$ 0.90	$ 0.85	$ 0.75
After tax loss from Special charges | $	$ 19,700	$ 19,300
Unfavorable impact on diluted EPS from Special charges | $ / shares	$ 0.63	$ 0.61
After tax gain related to refranchising of restaurants | $	$ 1,300
After tax gain related to refranchising of restaurants (per share) | $ / shares	$ 0.04
Provisional Tax Act tax benefit from remeasurement of deferred tax assets, liabilities and related valuation allowances | $					$ 7,000					$ 7,020
Provisional Tax Act benefit, impact on basic and diluted EPS (in dollars per share) | $ / shares					$ 0.20
After income tax benefit from a 14th week of operation | $					$ 3,900
Favorable impact on diluted EPS from a 14th week of operations (in dollars per share) | $ / shares					$ 0.11
Number of weeks in quarter | item					14	13	13	13	13
China Operations
After tax loss from the sale of company-owned stores | $			$ 1,600
Impact on basic and diluted EPS from the sale of company-owned stores | $ / shares			$ (0.05)
Tax increase related to refranchising of stores | $			$ 2,400
Unfavorable impact on basic and diluted EPS related to refranchising of stores | $ / shares			$ 0.07
After tax loss from impairment related to company-owned stores in China currently for sale | $					$ 1,300
Unfavorable impact on basic and diluted EPS from impairment related to Company-owned stores in China currently for sale | $ / shares					$ 0.04

Reclassifications of Prior Ye_3

Reclassifications of Prior Year Balances (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 30, 2018	Sep. 30, 2018	Jul. 01, 2018	Apr. 01, 2018	Dec. 31, 2017	Sep. 24, 2017	Jun. 25, 2017	Mar. 26, 2017	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Revenues:
Total revenues	$ 373,981	$ 364,007	$ 407,959	$ 427,369	$ 467,606	$ 431,709	$ 434,778	$ 449,266	$ 1,573,316	$ 1,783,359	$ 1,713,620
Costs and expenses:
General and administrative expenses									192,551	150,866	158,135
North America commissary
Revenues:
Total revenues									609,866	673,712	623,883
Costs and expenses:
Operating costs (excluding depreciation and amortization)									575,103	631,537	579,834
International
Revenues:
Total revenues									110,349	114,021	100,904
Costs and expenses:
Operating costs (excluding depreciation and amortization)									67,775	70,622	62,574
Other segment
Revenues:
Total revenues									81,428	72,179	69,922
Costs and expenses:
Operating costs (excluding depreciation and amortization)									$ 84,016	69,335	66,253
Reclassifications
Costs and expenses:
General and administrative expenses										(7,317)	(5,677)
Reclassifications | North America commissary
Revenues:
Total revenues										(59,915)	(57,723)
Costs and expenses:
Operating costs (excluding depreciation and amortization)										(53,669)	(51,641)
Reclassifications | International
Revenues:
Total revenues										(12,264)	(12,199)
Costs and expenses:
Operating costs (excluding depreciation and amortization)										(8,349)	(8,935)
Reclassifications | Other segment
Revenues:
Total revenues										72,179	69,922
Costs and expenses:
Operating costs (excluding depreciation and amortization)										69,335	66,253
As reported
Costs and expenses:
General and administrative expenses										158,183	163,812
As reported | North America commissary
Revenues:
Total revenues										733,627	681,606
Costs and expenses:
Operating costs (excluding depreciation and amortization)										685,206	631,475
As reported | International
Revenues:
Total revenues										126,285	113,103
Costs and expenses:
Operating costs (excluding depreciation and amortization)										$ 78,971	$ 71,509

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 25, 2016
Movement in Valuation Allowances and Reserves
Balance at Beginning of Year	$ 10,733	$ 9,707	$ 8,966
Charged to costs and expenses		(378)	658
Recovered from costs and expenses	3,007
Additions	(71)	1,404
Deductions			83
Balance at End of Year	13,669	10,733	9,707
Reserve for uncollectible accounts receivable
Movement in Valuation Allowances and Reserves
Balance at Beginning of Year	2,271	1,486	2,447
Charged to costs and expenses	5,154	1,744	659
Deductions	(5,308)	(959)	(1,620)
Balance at End of Year	2,117	2,271	1,486
Reserve for franchisee notes receivable
Movement in Valuation Allowances and Reserves
Balance at Beginning of Year	1,047	2,759	3,653
Recovered from costs and expenses	(393)	(1,715)	(250)
Additions	2,715		(644)
Deductions		3
Balance at End of Year	3,369	1,047	2,759
Valuation allowance on deferred tax assets
Movement in Valuation Allowances and Reserves
Balance at Beginning of Year	7,415	5,462	2,866
Charged to costs and expenses		(407)
Recovered from costs and expenses	(1,754)		249
Additions	2,522	2,360	2,347
Balance at End of Year	$ 8,183	$ 7,415	$ 5,462