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Fiesta Restaurant (FRGI)

Document and Entity Information

Document and Entity Information - shares9 Months Ended
Sep. 29, 2019Oct. 30, 2019
Document And Entity Information [Abstract]
Document Type10-Q
Document Quarterly Reporttrue
Document Period End DateSep. 29,
2019
Document Transition Reportfalse
Entity File Number001-35373
Entity Registrant NameFIESTA RESTAURANT GROUP, INC.
Entity Incorporation, State or Country CodeDE
Entity Tax Identification Number90-0712224
Entity Address, Address Line One14800 Landmark Boulevard, Suite 500
Entity Address, City or TownDallas
Entity Address, State or ProvinceTX
Entity Address, Postal Zip Code75254
City Area Code972
Local Phone Number702-9300
Title of 12(b) SecurityCommon Stock, par value $0.01 per share
Entity Trading SymbolFRGI
Security Exchange NameNASDAQ
Entity Current Reporting StatusYes
Entity Interactive Data CurrentYes
Entity Filer CategoryLarge Accelerated Filer
Entity Small Businessfalse
Entity Emerging Growth Companyfalse
Entity Shell Companyfalse
Entity Central Index Key0001534992
Current Fiscal Year End Date--12-29
Document Fiscal Year Focus2019
Document Fiscal Period FocusQ3
Amendment Flagfalse
Entity Common Stock, Shares Outstanding27,476,451

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in ThousandsSep. 29, 2019Dec. 30, 2018
Current assets:
Cash $ 3,509 $ 5,258
Accounts receivable9,066 8,505
Inventories3,222 2,842
Prepaid rent119 3,375
Income tax receivable1,502 17,857
Prepaid expenses and other current assets12,378 6,562
Total current assets29,796 44,399
Property and equipment, net221,122 231,328
Operating lease right-of-use assets254,449 0
Goodwill56,307 123,484
Deferred income taxes8,243 10,383
Other assets7,685 9,065
Total assets577,602 418,659
Current liabilities:
Current portion of long-term debt204 108
Accounts payable11,094 16,410
Accrued payroll, related taxes and benefits9,686 10,086
Accrued real estate taxes7,424 5,871
Other current liabilities29,842 14,086
Total current liabilities58,250 46,561
Long-term debt, net of current portion70,887 79,636
Deferred income—sale-leaseback of real estate0 19,899
Operating lease liabilities258,891 0
Other non-current liabilities8,066 32,504
Total liabilities396,094 178,600
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.01 par value; 20,000,000 shares authorized, no shares issued0 0
Common stock, $0.01 par value; 100,000,000 shares authorized, 27,480,487 and 27,259,212 shares issued, respectively, and 25,926,561 and 26,858,988 shares outstanding, respectively271 270
Additional paid-in capital172,426 170,290
Retained earnings22,937 72,268
Treasury stock, at cost; 1,176,895 and 112,358 shares, respectively(14,126)(2,769)
Total stockholders' equity181,508 240,059
Total liabilities and stockholders' equity $ 577,602 $ 418,659

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / sharesSep. 29, 2019Dec. 30, 2018
Statement of Financial Position [Abstract]
Preferred stock, par value (usd per share) $ 0.01 $ 0.01
Preferred stock, shares authorized20,000,000 20,000,000
Common stock, par value (usd per share) $ 0.01 $ 0.01
Common stock, shares authorized100,000,000 100,000,000
Common stock, shares issued27,480,487 27,259,212
Common stock, shares outstanding25,926,561 26,858,988
Treasury stock, shares1,176,895 112,358

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands3 Months Ended9 Months Ended
Sep. 29, 2019Sep. 30, 2018Sep. 29, 2019Sep. 30, 2018
Revenues:
Revenues $ 164,248 $ 174,648 $ 501,481 $ 520,959
Costs and expenses:
Cost of sales52,056 56,021 156,324 166,275
Restaurant wages and related expenses (including stock-based compensation expense of $102, $6, $145, and $56, respectively)44,459 47,943 135,261 142,103
Restaurant rent expense11,970 9,129 35,613 26,861
Other restaurant operating expenses24,153 27,294 68,429 75,398
Advertising expense6,385 6,472 17,789 18,046
General and administrative (including stock-based compensation expense of $509, $732, $1,993 and $2,588, respectively)13,820 13,284 42,387 41,023
Depreciation and amortization10,165 9,739 29,520 27,908
Pre-opening costs77 223 863 1,481
Impairment and other lease charges3,254 6,417 4,667 6,539
Goodwill impairment21,424 0 67,909 0
Closed restaurant rent expense, net of sublease income726 0 3,485 0
Other expense (income), net64 47 920 (3,132)
Total operating expenses188,553 176,569 563,167 502,502
Income (loss) from operations(24,305)(1,921)(61,686)18,457
Interest expense823 924 3,024 2,979
Income (loss) before income taxes(25,128)(2,845)(64,710)15,478
Benefit from income taxes(2,946)(4,892)(1,377)(246)
Net income (loss) $ (22,182) $ 2,047 $ (63,333) $ 15,724
Earnings (loss) per common share:
Basic (usd per share) $ (0.84) $ 0.08 $ (2.37) $ 0.58
Diluted (usd per share) $ (0.84) $ 0.08 $ (2.37) $ 0.58
Weighted average common shares outstanding:
Basic (in shares)26,548,116 26,954,285 26,734,822 26,900,716
Diluted (in shares)26,548,116 26,958,874 26,734,822 26,905,391
Restaurant sales
Revenues:
Revenues $ 163,589 $ 173,966 $ 499,483 $ 518,951
Franchise royalty revenues and fees
Revenues:
Revenues $ 659 $ 682 $ 1,998 $ 2,008

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical) - USD ($) $ in Thousands3 Months Ended9 Months Ended
Sep. 29, 2019Sep. 30, 2018Sep. 29, 2019Sep. 30, 2018
Stock-based compensation $ 600 $ 700 $ 2,100 $ 2,600
Restaurant Wages And Related Expenses
Stock-based compensation102 6 145 56
General and Administrative Expense
Stock-based compensation $ 509 $ 732 $ 1,993 $ 2,588

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in ThousandsTotalCommon StockAdditional Paid-In CapitalRetained EarningsTreasury Stock
Beginning shares at Dec. 31, 201726,847,458
Beginning balance at Dec. 31, 2017 $ 231,516 $ 268 $ 166,823 $ 64,425
Increase (Decrease) in Stockholders' Equity
Stock-based compensation889 889
Vesting of restricted shares (in shares)76,578
Vesting of restricted shares0 $ 1 (1)
Cumulative effect of adopting a new accounting standard57 57
Purchase of treasury stock (in shares)(18,406)
Purchase of treasury stock(349) $ (349)
Net income (loss)4,184 4,184
Ending shares at Apr. 01, 201826,905,630
Ending balance at Apr. 01, 2018236,297 $ 269 167,711 68,666 (349)
Beginning shares at Dec. 31, 201726,847,458
Beginning balance at Dec. 31, 2017231,516 $ 268 166,823 64,425
Increase (Decrease) in Stockholders' Equity
Net income (loss)15,724
Ending shares at Sep. 30, 201826,865,639
Ending balance at Sep. 30, 2018247,457 $ 270 169,465 80,206 (2,484)
Beginning shares at Apr. 01, 201826,905,630
Beginning balance at Apr. 01, 2018236,297 $ 269 167,711 68,666 (349)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation1,017 1,017
Vesting of restricted shares (in shares)38,348
Vesting of restricted shares0 $ 1 (1)
Purchase of treasury stock (in shares)(24,499)
Purchase of treasury stock(603)(603)
Net income (loss)9,493 9,493
Ending shares at Jul. 01, 201826,919,479
Ending balance at Jul. 01, 2018246,204 $ 270 168,727 78,159 (952)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation738 738
Vesting of restricted shares (in shares)613
Vesting of restricted shares0 $ 0 0
Purchase of treasury stock (in shares)(54,453)
Purchase of treasury stock(1,532)(1,532)
Net income (loss)2,047 2,047
Ending shares at Sep. 30, 201826,865,639
Ending balance at Sep. 30, 2018 $ 247,457 $ 270 169,465 80,206 (2,484)
Beginning shares at Dec. 30, 201826,858,988 26,858,988
Beginning balance at Dec. 30, 2018 $ 240,059 $ 270 170,290 72,268 (2,769)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation792 792
Vesting of restricted shares (in shares)68,286
Vesting of restricted shares(1) $ 0 (1)
Cumulative effect of adopting a new accounting standard14,002 14,002
Purchase of treasury stock (in shares)(158,269)
Purchase of treasury stock(2,199)(2,199)
Net income (loss)2,289 2,289
Ending shares at Mar. 31, 201926,769,005
Ending balance at Mar. 31, 2019 $ 254,942 $ 270 171,081 88,559 (4,968)
Beginning shares at Dec. 30, 201826,858,988 26,858,988
Beginning balance at Dec. 30, 2018 $ 240,059 $ 270 170,290 72,268 (2,769)
Increase (Decrease) in Stockholders' Equity
Purchase of treasury stock (in shares)(1,064,537)
Purchase of treasury stock $ (11,300)
Net income (loss) $ (63,333)
Ending shares at Sep. 29, 201925,926,561 25,926,561
Ending balance at Sep. 29, 2019 $ 181,508 $ 271 172,426 22,937 (14,126)
Beginning shares at Mar. 31, 201926,769,005
Beginning balance at Mar. 31, 2019254,942 $ 270 171,081 88,559 (4,968)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation735 735
Vesting of restricted shares (in shares)57,547
Vesting of restricted shares0 $ 1 (1)
Net income (loss)(43,440)(43,440)
Ending shares at Jun. 30, 201926,826,552
Ending balance at Jun. 30, 2019212,237 $ 271 171,815 45,119 (4,968)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation611 611
Vesting of restricted shares (in shares)6,277
Vesting of restricted shares0 $ 0 0
Purchase of treasury stock (in shares)(906,268)
Purchase of treasury stock(9,158)(9,158)
Net income (loss) $ (22,182)(22,182)
Ending shares at Sep. 29, 201925,926,561 25,926,561
Ending balance at Sep. 29, 2019 $ 181,508 $ 271 $ 172,426 $ 22,937 $ (14,126)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands9 Months Ended
Sep. 29, 2019Sep. 30, 2018
Operating activities:
Net income (loss) $ (63,333) $ 15,724
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Loss (gain) on disposals of property and equipment(6)(1,167)
Stock-based compensation2,138 2,644
Impairment and other lease charges4,667 6,539
Goodwill impairment67,909 0
Depreciation and amortization29,520 27,908
Amortization of deferred financing costs203 203
Amortization of deferred gains from sale-leaseback transactions0 (2,698)
Deferred income taxes(2,112)7,856
Changes in other operating assets and liabilities11,988 (12,721)
Net cash provided by operating activities50,974 44,288
Capital expenditures:
New restaurant development(10,681)(17,897)
Restaurant remodeling(368)(234)
Other restaurant capital expenditures(15,845)(15,536)
Corporate and restaurant information systems(7,179)(6,256)
Total capital expenditures(34,073)(39,923)
Proceeds from disposals of properties1,774 4,676
Proceeds from insurance recoveries42 813
Net cash used in investing activities(32,257)(34,434)
Financing activities:
Borrowings on revolving credit facility21,000 18,000
Repayments on revolving credit facility(30,000)(23,000)
Principal payments on finance/capital leases(109)(76)
Financing costs associated with issuance of debt0 (150)
Payments to purchase treasury stock(11,357)(2,484)
Net cash used in financing activities(20,466)(7,710)
Net change in cash(1,749)2,144
Cash, beginning of period5,258 3,599
Cash, end of period3,509 5,743
Supplemental disclosures:
Interest paid on long-term debt3,558 2,505
Accruals for capital expenditures3,198 5,338
Income tax payments (refunds), net(15,620)(3,360)
Finance/capital lease obligations incurred $ 495 $ 322

Basis of Presentation

Basis of Presentation9 Months Ended
Sep. 29, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of PresentationBasis of Presentation Business Description. Fiesta Restaurant Group, Inc. ("Fiesta Restaurant Group" or "Fiesta") owns, operates and franchises two restaurant brands through its wholly-owned subsidiaries Pollo Operations, Inc. and its subsidiaries, Pollo Franchise, Inc. (collectively "Pollo Tropical"), and Taco Cabana, Inc. and its subsidiaries (collectively "Taco Cabana"). Unless the context otherwise requires, Fiesta and its subsidiaries, Pollo Tropical and Taco Cabana, are collectively referred to as the "Company." At September 29, 2019 , the Company owned and operated 141 Pollo Tropical ® restaurants and 165 Taco Cabana ® restaurants. All of the Pollo Tropical restaurants are located in Florida and all of the Taco Cabana restaurants are located in Texas. At September 29, 2019 , the Company franchised a total of 31 Pollo Tropical restaurants and eight Taco Cabana restaurants. The franchised Pollo Tropical restaurants included 17 in Puerto Rico, four in Panama, two in Guyana, one in the Bahamas, six on college campuses and one at a hospital in Florida. The franchised Taco Cabana restaurants included six in New Mexico and two on college campuses in Texas. Basis of Consolidation. The unaudited condensed consolidated financial statements presented herein reflect the consolidated financial position, results of operations and cash flows of Fiesta and its wholly-owned subsidiaries. All intercompany transactions have been eliminated in consolidation. Fiscal Year . The Company uses a 52 – 53 week fiscal year ending on the Sunday closest to December 31. The fiscal year ended December 30, 2018 contained 52 weeks. The three and nine months ended September 29, 2019 and September 30, 2018 each contained thirteen and thirty-nine weeks, respectively. The fiscal year ending December 29, 2019 will contain 52 weeks. Basis of Presentation. The accompanying unaudited condensed consolidated financial statements for the three and nine months ended September 29, 2019 and September 30, 2018 have been prepared without an audit pursuant to the rules and regulations of the Securities and Exchange Commission and do not include certain information and footnotes required by U.S. Generally Accepted Accounting Principles ("GAAP") for complete financial statements. In the opinion of management, all normal and recurring adjustments considered necessary for a fair presentation of such financial statements have been included. The results of operations for the three and nine months ended September 29, 2019 and September 30, 2018 are not necessarily indicative of the results to be expected for the full year. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto for the year ended December 30, 2018 included in the Company's Annual Report on Form 10-K for the fiscal year ended December 30, 2018 . The December 30, 2018 balance sheet data is derived from those audited financial statements. Guidance Adopted in 2019. In February 2016, and in subsequent updates, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-02, Leases (Topic 842) ("ASC 842"), which requires lessee recognition of lease assets and lease liabilities on the balance sheet and disclosure of key information about leasing arrangements. The Company adopted this new accounting standard and all the related amendments as of December 31, 2018 using the modified retrospective method, with certain optional practical expedients including the transition practical expedient package, which among other things does not require reassessment of lease classification. The Company elected the transition method that allows it to initially apply the new standard at the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. The comparative period information has not been restated and continues to be reported under the accounting standard in effect for that period. The Company has recognized lease liabilities and corresponding right-of-use ("ROU") lease assets for substantially all of the leases it previously accounted for as operating leases, including leases related to closed restaurant properties. The initial ROU assets were calculated as the present value of the remaining operating lease payments using the Company's incremental borrowing rate as of December 31, 2018, reduced by accrued occupancy costs such as certain closed-restaurant lease reserves, accrued rent (including accruals to expense operating lease payments on a straight-line basis), unamortized lease incentives and any unamortized sale-leaseback gains that resulted from off-market terms and increased by unamortized lease acquisition costs. Upon the adoption of ASC 842, the Company no longer records closed restaurant lease reserves, and ROU lease assets are reviewed for impairment with the Company's long-lived assets. The Company elected the practical expedient to combine lease and non-lease components of real estate contracts, which resulted in classification of certain occupancy related expenses that are included in other restaurant operating expenses for periods prior to the adoption of ASC 842 as restaurant rent expenses in the consolidated statement of operations for periods subsequent to the adoption of ASC 842. The Company separately presents rent expense related to its closed restaurant locations and any sublease income related to these closed restaurant locations within closed restaurant rent expense, net of sublease income in the consolidated statement of operations for periods subsequent to the adoption of ASC 842. The Company recorded an initial adjustment to the opening balance of retained earnings of $14.0 million associated with previously deferred gains on sale-leaseback transactions and impairment of operating lease right-of-use assets as of the date of adoption. This adjustment consisted of $18.6 million in deferred gains on sale-leaseback transactions, net of a related deferred tax asset of $4.3 million and $0.2 million in impairment charges, net of tax. For any future sale-leaseback transactions, the gain (adjusted for any off-market terms) will be recognized immediately. In January 2017, the FASB issued ASU No. 2017-04, Simplifying the Test for Goodwill Impairment ("ASU 2017-04"), which eliminates the requirement to calculate the implied fair value of goodwill if the fair value of a reporting unit is less than the carrying amount of the reporting unit. Instead, if the carrying amount of a reporting unit exceeds its fair value, an impairment loss will be recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. In 2019, the Company early adopted this new accounting standard and performed its interim impairment tests in accordance with ASU 2017-04. In the second quarter of 2019, the Company recognized a $46.5 million impairment of its Taco Cabana reporting unit goodwill, which represents the excess of the reporting unit's carrying value over its fair value at June 30, 2019. In the third quarter of 2019, the Company recognized a $21.4 million impairment of its Taco Cabana reporting unit goodwill. In the third quarter of 2019, the excess of the Taco Cabana reporting unit's carrying value over its fair value was greater than the balance of the reporting unit's goodwill, resulting in a full impairment of the Taco Cabana reporting unit's goodwill. See Note 4—Goodwill. Revenue Recognition. Revenue is recognized upon transfer of promised products or services to customers in an amount that reflects the consideration the Company received in exchange for those products or services. Revenues from the Company's owned and operated restaurants are recognized when payment is tendered at the time of sale. Franchise royalty revenues are based on a percent of gross sales and are recorded as income when earned. Initial franchise fees and area development fees associated with new franchise agreements are not distinct from the continuing rights and services offered by the Company during the term of the related franchise agreements and are recognized as income over the term of the related franchise agreements. A portion of the initial franchise fee is allocated to training services and is recognized as revenue when the Company completes the training services. Fair Value of Financial Instruments. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date under current market conditions. In determining fair value, the accounting standards establish a three-level hierarchy for inputs used in measuring fair value as follows: Level 1 inputs are quoted prices in active markets for identical assets or liabilities; Level 2 inputs are observable for the asset or liability, either directly or indirectly, including quoted prices in active markets for similar assets or liabilities; and Level 3 inputs are unobservable and reflect management's own assumptions. The following methods were used to estimate the fair value of each class of financial instruments for which it is practicable to estimate the fair value: • Current Assets and Liabilities. The carrying values reported on the balance sheet of cash, accounts receivable and accounts payable approximate fair value because of the short maturity of those financial instruments. • Revolving Credit Borrowings. The fair value of outstanding revolving credit borrowings under the Company's senior credit facility, which is considered Level 2, is based on current LIBOR rates. The fair value of the Company's senior credit facility was approximately $69.0 million at September 29, 2019 , and $78.0 million at December 30, 2018 . The carrying value of the Company's senior credit facility was $69.0 million at September 29, 2019 and $ 78.0 million at December 30, 2018 . Long-Lived Assets . The Company assesses the recoverability of property and equipment and definite-lived intangible assets including right-of-use lease assets by determining whether the carrying value of these assets can be recovered over their respective remaining lives through undiscounted future operating cash flows. Impairment is reviewed when events or changes in circumstances indicate that the carrying amounts of these assets may not be fully recoverable. See Note 3—Impairment of Long-Lived Assets. Leases. The Company assesses whether an agreement contains a lease at inception. Operating leases are included within operating lease right-of-use assets, other current liabilities, and operating lease liabilities in the consolidated balance sheets. Finance leases are included within property and equipment, net, current portion of long-term debt, and long-term debt, net of current portion in the consolidated balance sheets. ROU assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. The operating lease ROU asset also includes any lease payments made in advance and is reduced by lease incentives received. As most leases do not provide an implicit rate, the Company uses its incremental borrowing rate at commencement date in determining the present value of lease payments. Lease terms include options to extend the lease when it is reasonably certain that the Company will exercise that option. The Company assumes options are reasonably certain to be exercised when such options are required to achieve a minimum 20 -year lease term for new restaurant properties, and subsequent to the adoption of ASC 842, when it incurs significant leasehold improvement costs near the end of a lease term. The Company uses judgment and available data to allocate consideration in a contract when it leases land and a building. The Company also uses judgment in determining its incremental borrowing rate, which includes selecting a yield curve based on a synthetic credit rating determined using a valuation model. Lease expense for lease payments is recognized on a straight-line basis over the lease term unless the related ROU asset has been adjusted for an impairment charge. The Company has real estate lease agreements with lease and non-lease components, which are accounted for as a single lease component. See Note 6—Leases. Use of Estimates . The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the dates of the financial statements. Estimates also affect the reported amounts of expenses during the reporting periods. Significant items subject to such estimates and assumptions include: accrued occupancy costs, insurance liabilities, evaluation for impairment of goodwill and long-lived assets and lease accounting matters. Actual results could differ from those estimates.

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets9 Months Ended
Sep. 29, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses and Other Current AssetsPrepaid Expenses and Other Current Assets Prepaid expenses and other current assets, consist of the following: September 29, 2019 December 30, 2018 Prepaid contract expenses $ 4,275 $ 4,232 Assets held for sale (1) 4,336 — Other 3,767 2,330 $ 12,378 $ 6,562 (1) One closed Pollo Tropical restaurant and two Taco Cabana restaurant properties owned by the Company were classified as held for sale as of September 29, 2019 .

Impairment of Long-Lived Assets

Impairment of Long-Lived Assets and Other Lease Charges9 Months Ended
Sep. 29, 2019
Property, Plant and Equipment [Abstract]
Impairment of Long-Lived Assets and Other Lease ChargesImpairment of Long-Lived Assets and Other Lease Charges The Company reviews its long-lived assets, principally property and equipment and lease ROU assets, for impairment at the restaurant level. In addition to considering management's plans, known regulatory or governmental actions and damage due to acts of God (hurricanes, tornadoes, etc.), the Company considers a triggering event to have occurred related to a specific restaurant if the restaurant's cash flows for the last twelve months are less than a minimum threshold or if consistent levels of cash flows for the remaining lease period are less than the carrying value of the restaurant's assets. If an indicator of impairment exists for any of its assets, an estimate of undiscounted future cash flows over the life of the primary asset for each restaurant is compared to that long-lived asset's carrying value. If the carrying value is greater than the undiscounted cash flow, the Company then determines the fair value of the asset and if an asset is determined to be impaired, the loss is measured by the excess of the carrying amount of the asset over its fair value. There is uncertainty in the projected undiscounted future cash flows used in the Company's impairment review analysis. If actual performance does not achieve the projections, the Company may recognize impairment charges in future periods, and such charges could be material. A summary of impairment of long-lived assets and other lease charges (recoveries) recorded by segment is as follows: Three Months Ended Nine Months Ended September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 Pollo Tropical $ 165 $ 3,295 $ (162 ) $ 3,439 Taco Cabana 3,089 3,122 4,829 3,100 $ 3,254 $ 6,417 $ 4,667 $ 6,539 Impairment and other lease charges for the three and nine months ended September 29, 2019 for Pollo Tropical include impairment charges of $0.2 million and $0.6 million , respectively, related primarily to additional impairment of equipment from previously impaired restaurants and a lease charge recoveries benefit related to previously closed restaurant lease terminations of $(0.8) million for the nine months ended September 29, 2019 . Impairment and other lease charges for the three and nine months ended September 29, 2019 for Taco Cabana include impairment charges of $3.1 million and $4.9 million , respectively, related primarily to impairment of assets for eight underperforming Taco Cabana restaurants for which continued sales declines resulted in a decrease in the estimated future cash flows and equipment from previously impaired restaurants as well as a lease charge recoveries benefit related to previously closed restaurant lease terminations of $(0.1) million for the nine months ended September 29, 2019 . Impairment and other lease charges for the three and nine months ended September 30, 2018 for Pollo Tropical include impairment charges of $3.4 million and $3.6 million , respectively, related primarily to impairment of three underperforming restaurants for which continued sales declines resulted in a decrease in the estimated future cash flows and a benefit of $(0.1) million in net lease charge recoveries related to certain previously closed restaurants due to adjustments to estimates of future lease costs. Impairment and other lease charges for the three and nine months ended September 30, 2018 for Taco Cabana include impairment charges of $2.4 million and $2.6 million , respectively, related primarily to impairment of five underperforming restaurants for which continued sales declines resulted in a decrease in the estimated future cash flows and other lease charges, net of recoveries, of $0.7 million and $0.5 million , respectively, due primarily to lease charges related to an office relocation in the third quarter of 2018 and other lease charges, net of recoveries, related to certain previously closed restaurants due to adjustments to estimates of future lease costs. The Company determined the fair value of restaurant equipment, for those restaurants reviewed for impairment, based on current economic conditions, the Company's history of using these assets in the operation of its business and the Company's expectation of how a market participant would value the assets. In addition, for those restaurants reviewed for impairment where the Company owns the land and building, the Company utilized third-party information such as a broker quoted value to determine the fair value of the property. These fair value asset measurements rely on significant unobservable inputs and are considered Level 3 in the fair value hierarchy. The Company also utilized discounted future cash flows to determine the fair value of assets for certain leased restaurants. The Level 3 assets measured at fair value associated with impairment charges recorded during the nine months ended September 29, 2019 totaled $1.5 million .

Goodwill

Goodwill9 Months Ended
Sep. 29, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
GoodwillGoodwill The Company is required to review goodwill for impairment annually or more frequently when events and circumstances indicate that the carrying amount may be impaired. If the determined fair value of goodwill is less than the related carrying amount, an impairment loss is recognized. The Company performs its annual impairment assessment as of the last day of the fiscal year and has determined its reporting units to be its operating segments, Pollo Tropical and Taco Cabana. In performing its goodwill impairment test as of December 30, 2018, the Company compared the net book values of its reporting units to their estimated fair values, the latter determined by employing an income-based discounted cash flow analysis approach and a market-based approach, which was corroborated with other value indicators where available, such as comparable company earnings multiples. As of June 30, 2019, the Company determined that a triggering event had occurred due to a sustained decrease in the market price of the Company's common stock. In response to the triggering event, the Company performed a quantitative impairment test for both the Pollo Tropical and Taco Cabana reporting units. Fair value for each reporting unit was determined using a combination of the income-based approach and two market-based approaches. Based on the impairment test analysis, the fair value of the Pollo Tropical reporting unit substantially exceeded its carrying amount, while the carrying amount for the Taco Cabana reporting unit exceeded its estimated fair value, which indicated an impairment of the Taco Cabana reporting unit. Lower than expected profitability and a lower profitability and growth outlook for the Taco Cabana reporting unit reduced its income-based and market-based approach fair value. The Company early adopted ASU 2017-04, which eliminates Step 2 from the goodwill impairment test, and requires recognition of an impairment charge for the amount by which the carrying amount exceeds the reporting unit's fair value, limited to the carrying value of the reporting unit's goodwill. In the second quarter of 2019, the Company recorded an impairment charge on the goodwill of its Taco Cabana reporting unit of $46.5 million , which represents the excess of the reporting unit's carrying value over its fair value at June 30, 2019 and which was not deductible for tax purposes. In addition, in response to a further decrease in the market price of the Company's common stock and lower than expected profitability in the third quarter of 2019, the Company performed a quantitative impairment test for both the Pollo Tropical and Taco Cabana reporting units as of September 29, 2019 . Based on the impairment test analysis, which utilized the same approach used in the second quarter of 2019, the fair value of the Pollo Tropical reporting unit continued to substantially exceed its carrying amount, while the carrying amount for the Taco Cabana reporting unit exceeded its estimated fair value. In the third quarter of 2019, the Company recorded an impairment charge on the goodwill of its Taco Cabana reporting unit of $21.4 million , of which $9.1 million was deductible for tax purposes and resulted in an income tax benefit of $2.1 million . The excess of the Taco Cabana reporting unit's carrying value over its fair value was greater than the balance of the reporting unit's goodwill, resulting in a full impairment of the Taco Cabana reporting unit's goodwill. A summary of changes in goodwill during the nine months ended September 29, 2019 is as follows: Pollo Taco Total Balance, December 30, 2018 $ 56,307 $ 67,177 $ 123,484 Impairment charges (1)(2) — (67,177 ) (67,177 ) Balance, September 29, 2019 $ 56,307 $ — $ 56,307 (1) Accumulated impairment losses at September 29, 2019 were $67.2 million . There were no accumulated impairment losses at December 30, 2018 . (2) Impairment charges during the three and nine months ended September 29, 2019 include $0.7 million previously classified as an intangible asset and included in other assets.

Other Liabilities

Other Liabilities9 Months Ended
Sep. 29, 2019
Other Liabilities Disclosure [Abstract]
Other LiabilitiesOther Liabilities Other current liabilities consist of the following: September 29, 2019 December 30, 2018 Accrued workers' compensation and general liability claims $ 4,770 $ 4,886 Sales and property taxes 2,054 1,958 Accrued occupancy costs 1,189 4,554 Operating lease liabilities 19,647 — Other 2,182 2,688 $ 29,842 $ 14,086 Other non-current liabilities consist of the following: September 29, 2019 December 30, 2018 Accrued occupancy costs $ 78 $ 21,534 Deferred compensation 532 867 Accrued workers' compensation and general liability claims 6,806 6,808 Other 650 3,295 $ 8,066 $ 32,504 At December 30, 2018, accrued occupancy costs included obligations pertaining to closed restaurant locations and accruals to expense operating lease rental payments on a straight-line basis over the lease term. As a result of adopting ASC 842 on December 31, 2018, at September 29, 2019 , accrued occupancy costs primarily consisted of obligations pertaining to closed restaurant locations. The following table presents the activity in the closed-restaurant reserve, of which $0.1 million and $ 4.4 million are included in non-current accrued occupancy costs at September 29, 2019 and December 30, 2018 , respectively, with the remainder in current accrued occupancy costs. Nine Months Ended September 29, 2019 Year Ended December 30, 2018 Balance, beginning of period $ 8,819 $ 12,994 Provisions for restaurant closures — 2,228 Additional lease charges (recoveries), net (808 ) (152 ) Payments, net (895 ) (6,778 ) Other adjustments (1) (5,992 ) 527 Balance, end of period $ 1,124 $ 8,819 (1) As a result of adopting ASC 842 on December 31, 2018, the portion of the closed restaurant reserve related to operating lease rental payments totaling $5.7 million was reclassified and included as a component of the related ROU assets during the nine months ended September 29, 2019 . The portion of the closed restaurant reserve related to variable ancillary lease costs was not reclassified and was not included as a reduction to ROU assets.

Leases

Leases9 Months Ended
Sep. 29, 2019
Leases [Abstract]
LeasesLeases The Company utilizes land and buildings in its operations under various operating and finance lease agreements. The Company does not consider any one of these individual leases material to the Company's operations. Initial lease terms are generally for 20 years and, in many cases, provide for renewal options and in most cases rent escalations. As of September 29, 2019 , the Company's leases have remaining lease terms of 0.3 years to 22.1 years . Some of the Company's leases include options to extend the lease for up to 40 years . Certain leases require contingent rent, determined as a percentage of sales as defined by the terms of the applicable lease agreement. For most locations, the Company is obligated for occupancy related costs including payment of property taxes, insurance and utilities. Variable lease payments included in rent expense consist of such contingent rent, certain rent payments based on changes in an index and certain occupancy related costs, such as variable common area maintenance expense and property taxes. The Company is not subject to residual value guarantees under any of the lease agreements. Many of the Company's real estate leases contain usage restrictions, but its leases do not contain financial covenants and restrictions. Lease expense consisted of the following: Three Months Ended Nine Months Ended September 29, 2019 September 29, 2019 Operating lease cost $ 11,396 $ 34,097 Finance lease costs: Amortization of right-of-use assets $ 59 $ 136 Interest on lease liabilities 58 168 Total finance lease costs $ 117 $ 304 Variable lease costs $ 2,766 8,855 Sublease income (1,135 ) (2,764 ) Total lease costs $ 13,144 $ 40,492 Supplemental balance sheet information related to leases is as follows: September 29, 2019 Operating Leases Operating lease right-of-use assets $ 254,449 Other current liabilities $ 19,647 Operating lease liabilities 258,891 Total operating lease liabilities $ 278,538 Finance Leases Property and equipment, gross $ 2,874 Accumulated amortization (1,268 ) Property and equipment, net $ 1,606 Current portion of long-term debt $ 204 Long-term debt, net of current portion 1,887 Total finance lease liabilities $ 2,091 Weighted Average Remaining Lease Term (in Years) Operating leases 12.1 Finance leases 8.1 Weighted Average Discount Rate Operating leases 7.70 % Finance leases 12.61 % Supplemental cash flow information related to leases is as follows: Nine Months Ended September 29, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 32,833 Operating cash flows for finance leases 168 Financing cash flows for finance leases 109 Right-of-use assets obtained in exchange for lease liabilities: Operating lease ROU assets 8,618 Finance lease ROU assets 495 Right-of-use assets and lease liabilities reduced for terminated leases: Operating lease ROU assets 4,058 Operating lease liabilities 4,787 Operating lease right-of-use assets obtained and liabilities incurred as a result of adoption of ASC 842: Operating lease ROU assets 267,743 Operating lease liabilities 291,373 Maturities of lease liabilities were as follows: Operating Leases Finance Leases Remaining 2019 $ 7,369 $ 87 2020 43,570 460 2021 40,062 475 2022 38,637 475 2023 35,269 428 2024 31,820 350 Thereafter 248,237 1,278 Total lease payments 444,964 3,553 Less amount representing interest (166,426 ) (1,462 ) Total discounted lease liabilities 278,538 2,091 Less current portion (19,647 ) (204 ) Long-term portion of leases liabilities $ 258,891 $ 1,887 As of September 29, 2019 , the Company had five additional operating leases for restaurant properties. These operating leases will commence in fiscal year 2020 with each lease having an initial lease term of 15 years . Minimum rent commitments due under capital and non-cancelable operating leases at December 30, 2018 were as follows: Operating Capital 2019 $ 44,427 $ 323 2020 44,144 327 2021 41,396 342 2022 40,215 342 2023 36,587 349 Thereafter 264,704 1,646 Total minimum lease payments (1) $ 471,473 3,329 Less amount representing interest (1,585 ) Total obligations under capital leases 1,744 Less current portion (108 ) Long-term debt under capital leases $ 1,636 (1) Minimum operating lease payments include contractual rent payments for closed restaurants for which the Company is still obligated under the lease agreements and have not been reduced by minimum sublease rent of $41.4 million due in the future under non-cancelable subleases. See Note 5—Other Liabilities. The Company subleases land and buildings related to closed restaurant locations and a closed office location under various operating sublease agreements. Initial sublease terms are generally for the period of time remaining on the head lease term and, in some cases, subleases provide for renewal options and in most cases rent escalations. As of September 29, 2019 , the Company's subleases have remaining sublease terms of 2.6 years to 19.7 years . Some of the Company's subleases include options to extend the lease for up to 25 years . Variable lease payments included in sublease income consist of certain occupancy related costs, such as variable common area maintenance expense and property taxes where the Company makes the real estate payment and is reimbursed by the lessee. The sublease agreements do not include residual value guarantees. Consistent with the Company's real estate leases, many of the subleases contain usage restrictions, but its subleases do not contain financial covenants and restrictions. The undiscounted cash flows to be received under operating subleases were as follows: Operating Leases Remaining 2019 $ 937 2020 4,384 2021 4,551 2022 4,493 2023 4,481 2024 4,535 Thereafter 41,798 Total $ 65,179
LeasesLeases The Company utilizes land and buildings in its operations under various operating and finance lease agreements. The Company does not consider any one of these individual leases material to the Company's operations. Initial lease terms are generally for 20 years and, in many cases, provide for renewal options and in most cases rent escalations. As of September 29, 2019 , the Company's leases have remaining lease terms of 0.3 years to 22.1 years . Some of the Company's leases include options to extend the lease for up to 40 years . Certain leases require contingent rent, determined as a percentage of sales as defined by the terms of the applicable lease agreement. For most locations, the Company is obligated for occupancy related costs including payment of property taxes, insurance and utilities. Variable lease payments included in rent expense consist of such contingent rent, certain rent payments based on changes in an index and certain occupancy related costs, such as variable common area maintenance expense and property taxes. The Company is not subject to residual value guarantees under any of the lease agreements. Many of the Company's real estate leases contain usage restrictions, but its leases do not contain financial covenants and restrictions. Lease expense consisted of the following: Three Months Ended Nine Months Ended September 29, 2019 September 29, 2019 Operating lease cost $ 11,396 $ 34,097 Finance lease costs: Amortization of right-of-use assets $ 59 $ 136 Interest on lease liabilities 58 168 Total finance lease costs $ 117 $ 304 Variable lease costs $ 2,766 8,855 Sublease income (1,135 ) (2,764 ) Total lease costs $ 13,144 $ 40,492 Supplemental balance sheet information related to leases is as follows: September 29, 2019 Operating Leases Operating lease right-of-use assets $ 254,449 Other current liabilities $ 19,647 Operating lease liabilities 258,891 Total operating lease liabilities $ 278,538 Finance Leases Property and equipment, gross $ 2,874 Accumulated amortization (1,268 ) Property and equipment, net $ 1,606 Current portion of long-term debt $ 204 Long-term debt, net of current portion 1,887 Total finance lease liabilities $ 2,091 Weighted Average Remaining Lease Term (in Years) Operating leases 12.1 Finance leases 8.1 Weighted Average Discount Rate Operating leases 7.70 % Finance leases 12.61 % Supplemental cash flow information related to leases is as follows: Nine Months Ended September 29, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 32,833 Operating cash flows for finance leases 168 Financing cash flows for finance leases 109 Right-of-use assets obtained in exchange for lease liabilities: Operating lease ROU assets 8,618 Finance lease ROU assets 495 Right-of-use assets and lease liabilities reduced for terminated leases: Operating lease ROU assets 4,058 Operating lease liabilities 4,787 Operating lease right-of-use assets obtained and liabilities incurred as a result of adoption of ASC 842: Operating lease ROU assets 267,743 Operating lease liabilities 291,373 Maturities of lease liabilities were as follows: Operating Leases Finance Leases Remaining 2019 $ 7,369 $ 87 2020 43,570 460 2021 40,062 475 2022 38,637 475 2023 35,269 428 2024 31,820 350 Thereafter 248,237 1,278 Total lease payments 444,964 3,553 Less amount representing interest (166,426 ) (1,462 ) Total discounted lease liabilities 278,538 2,091 Less current portion (19,647 ) (204 ) Long-term portion of leases liabilities $ 258,891 $ 1,887 As of September 29, 2019 , the Company had five additional operating leases for restaurant properties. These operating leases will commence in fiscal year 2020 with each lease having an initial lease term of 15 years . Minimum rent commitments due under capital and non-cancelable operating leases at December 30, 2018 were as follows: Operating Capital 2019 $ 44,427 $ 323 2020 44,144 327 2021 41,396 342 2022 40,215 342 2023 36,587 349 Thereafter 264,704 1,646 Total minimum lease payments (1) $ 471,473 3,329 Less amount representing interest (1,585 ) Total obligations under capital leases 1,744 Less current portion (108 ) Long-term debt under capital leases $ 1,636 (1) Minimum operating lease payments include contractual rent payments for closed restaurants for which the Company is still obligated under the lease agreements and have not been reduced by minimum sublease rent of $41.4 million due in the future under non-cancelable subleases. See Note 5—Other Liabilities. The Company subleases land and buildings related to closed restaurant locations and a closed office location under various operating sublease agreements. Initial sublease terms are generally for the period of time remaining on the head lease term and, in some cases, subleases provide for renewal options and in most cases rent escalations. As of September 29, 2019 , the Company's subleases have remaining sublease terms of 2.6 years to 19.7 years . Some of the Company's subleases include options to extend the lease for up to 25 years . Variable lease payments included in sublease income consist of certain occupancy related costs, such as variable common area maintenance expense and property taxes where the Company makes the real estate payment and is reimbursed by the lessee. The sublease agreements do not include residual value guarantees. Consistent with the Company's real estate leases, many of the subleases contain usage restrictions, but its subleases do not contain financial covenants and restrictions. The undiscounted cash flows to be received under operating subleases were as follows: Operating Leases Remaining 2019 $ 937 2020 4,384 2021 4,551 2022 4,493 2023 4,481 2024 4,535 Thereafter 41,798 Total $ 65,179
LeasesLeases The Company utilizes land and buildings in its operations under various operating and finance lease agreements. The Company does not consider any one of these individual leases material to the Company's operations. Initial lease terms are generally for 20 years and, in many cases, provide for renewal options and in most cases rent escalations. As of September 29, 2019 , the Company's leases have remaining lease terms of 0.3 years to 22.1 years . Some of the Company's leases include options to extend the lease for up to 40 years . Certain leases require contingent rent, determined as a percentage of sales as defined by the terms of the applicable lease agreement. For most locations, the Company is obligated for occupancy related costs including payment of property taxes, insurance and utilities. Variable lease payments included in rent expense consist of such contingent rent, certain rent payments based on changes in an index and certain occupancy related costs, such as variable common area maintenance expense and property taxes. The Company is not subject to residual value guarantees under any of the lease agreements. Many of the Company's real estate leases contain usage restrictions, but its leases do not contain financial covenants and restrictions. Lease expense consisted of the following: Three Months Ended Nine Months Ended September 29, 2019 September 29, 2019 Operating lease cost $ 11,396 $ 34,097 Finance lease costs: Amortization of right-of-use assets $ 59 $ 136 Interest on lease liabilities 58 168 Total finance lease costs $ 117 $ 304 Variable lease costs $ 2,766 8,855 Sublease income (1,135 ) (2,764 ) Total lease costs $ 13,144 $ 40,492 Supplemental balance sheet information related to leases is as follows: September 29, 2019 Operating Leases Operating lease right-of-use assets $ 254,449 Other current liabilities $ 19,647 Operating lease liabilities 258,891 Total operating lease liabilities $ 278,538 Finance Leases Property and equipment, gross $ 2,874 Accumulated amortization (1,268 ) Property and equipment, net $ 1,606 Current portion of long-term debt $ 204 Long-term debt, net of current portion 1,887 Total finance lease liabilities $ 2,091 Weighted Average Remaining Lease Term (in Years) Operating leases 12.1 Finance leases 8.1 Weighted Average Discount Rate Operating leases 7.70 % Finance leases 12.61 % Supplemental cash flow information related to leases is as follows: Nine Months Ended September 29, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 32,833 Operating cash flows for finance leases 168 Financing cash flows for finance leases 109 Right-of-use assets obtained in exchange for lease liabilities: Operating lease ROU assets 8,618 Finance lease ROU assets 495 Right-of-use assets and lease liabilities reduced for terminated leases: Operating lease ROU assets 4,058 Operating lease liabilities 4,787 Operating lease right-of-use assets obtained and liabilities incurred as a result of adoption of ASC 842: Operating lease ROU assets 267,743 Operating lease liabilities 291,373 Maturities of lease liabilities were as follows: Operating Leases Finance Leases Remaining 2019 $ 7,369 $ 87 2020 43,570 460 2021 40,062 475 2022 38,637 475 2023 35,269 428 2024 31,820 350 Thereafter 248,237 1,278 Total lease payments 444,964 3,553 Less amount representing interest (166,426 ) (1,462 ) Total discounted lease liabilities 278,538 2,091 Less current portion (19,647 ) (204 ) Long-term portion of leases liabilities $ 258,891 $ 1,887 As of September 29, 2019 , the Company had five additional operating leases for restaurant properties. These operating leases will commence in fiscal year 2020 with each lease having an initial lease term of 15 years . Minimum rent commitments due under capital and non-cancelable operating leases at December 30, 2018 were as follows: Operating Capital 2019 $ 44,427 $ 323 2020 44,144 327 2021 41,396 342 2022 40,215 342 2023 36,587 349 Thereafter 264,704 1,646 Total minimum lease payments (1) $ 471,473 3,329 Less amount representing interest (1,585 ) Total obligations under capital leases 1,744 Less current portion (108 ) Long-term debt under capital leases $ 1,636 (1) Minimum operating lease payments include contractual rent payments for closed restaurants for which the Company is still obligated under the lease agreements and have not been reduced by minimum sublease rent of $41.4 million due in the future under non-cancelable subleases. See Note 5—Other Liabilities. The Company subleases land and buildings related to closed restaurant locations and a closed office location under various operating sublease agreements. Initial sublease terms are generally for the period of time remaining on the head lease term and, in some cases, subleases provide for renewal options and in most cases rent escalations. As of September 29, 2019 , the Company's subleases have remaining sublease terms of 2.6 years to 19.7 years . Some of the Company's subleases include options to extend the lease for up to 25 years . Variable lease payments included in sublease income consist of certain occupancy related costs, such as variable common area maintenance expense and property taxes where the Company makes the real estate payment and is reimbursed by the lessee. The sublease agreements do not include residual value guarantees. Consistent with the Company's real estate leases, many of the subleases contain usage restrictions, but its subleases do not contain financial covenants and restrictions. The undiscounted cash flows to be received under operating subleases were as follows: Operating Leases Remaining 2019 $ 937 2020 4,384 2021 4,551 2022 4,493 2023 4,481 2024 4,535 Thereafter 41,798 Total $ 65,179

Stockholders' Equity

Stockholders' Equity9 Months Ended
Sep. 29, 2019
Equity [Abstract]
Stockholders' EquityStockholders' Equity Purchase of Treasury Stock On February 26, 2018, the Company announced that its board of directors approved a share repurchase program for up to 1,500,000 shares of the Company's common stock, and on August 7, 2019, it announced that its board of directors approved an increase to its share repurchase program of an additional 500,000 shares of the Company's common stock. Under the share repurchase program, shares may be repurchased from time to time in open market transactions at prevailing market prices, in privately negotiated transactions or by other means in accordance with federal securities laws, including Rule 10b-18 under the Securities Exchange Act of 1934, as amended. The share repurchase program has no time limit and may be modified, suspended, superseded or terminated at any time by the Company's board of directors. The Company repurchased 1,064,537 shares of its common stock under the program in open market transactions during the nine months ended September 29, 2019 for $11.3 million . The repurchased shares are held as treasury stock at cost. Stock-Based Compensation During the nine months ended September 29, 2019 , the Company granted certain employees, non-employee directors and a consultant a total of 287,002 non-vested restricted shares under the Fiesta Restaurant Group, Inc. 2012 Stock Incentive Plan (the "Fiesta Plan"). The shares granted to employees generally vest and become non-forfeitable over a four -year vesting period. The shares granted to non-employee directors and the consultant vest and become non-forfeitable over a one - and four -year vesting period, respectively. During the three months ended September 29, 2019 , the Company granted a certain executive a total of 20,000 non-vested restricted shares under the Fiesta Plan, which vest in two tranches over a four-year vesting period. The weighted average fair value at grant date for non-vested shares issued during the nine months ended September 29, 2019 was $13.00 per share. During the nine months ended September 29, 2019 , the Company granted a certain executive a total of 15,348 restricted stock units under the Fiesta Plan, which vest in two tranches over a two -year vesting period. The restricted stock units granted to the executive are subject to continued service and attainment of specified share prices of the Company's common stock for a specified period of time within each vesting period. Each tranche vests by the end of a one-year period if the specified target stock price condition for that year is met. If the specified target stock price condition for the first tranche is not met for the year, the cumulative unearned restricted stock units will be rolled over to the subsequent tranche. For the restricted stock units granted in the nine months ended September 29, 2019 , the number of shares into which these restricted stock units convert ranges from no shares, if the service and market performance conditions are not met, to 15,348 shares, if the service and market performance conditions are met in the last vesting period. The weighted average fair value at grant date for the restricted stock units granted in the nine months ended September 29, 2019 was $1.76 per share. Stock-based compensation expense for the three and nine months ended September 29, 2019 was $0.6 million and $2.1 million , respectively, and for the three and nine months ended September 30, 2018 was $0.7 million and $2.6 million , respectively. At September 29, 2019 , the total unrecognized stock-based compensation expense related to non-vested restricted shares and restricted stock units was approximately $4.8 million . At September 29, 2019 , the remaining weighted average vesting period for non-vested restricted shares was 2.7 years and restricted stock units was 0.9 years. A summary of all non-vested restricted shares and restricted stock units activity for the nine months ended September 29, 2019 is as follows: Non-Vested Shares Restricted Stock Units Shares Weighted Units Weighted Outstanding at December 30, 2018 287,866 $ 20.70 231,112 $ 12.44 Granted 287,002 13.00 15,348 1.76 Vested and released (128,811 ) 20.34 (3,418 ) 62.05 Forfeited (69,190 ) 17.50 (95,123 ) 12.97 Outstanding at September 29, 2019 376,867 $ 15.48 147,919 $ 9.83 The fair value of the non-vested restricted shares and all other restricted stock units is based on the closing price on the date of grant. The fair value of the restricted stock units subject to market conditions was estimated using the Monte Carlo simulation method. The assumptions used to value grant restricted stock units subject to market conditions are detailed below: 2019 2018 Grant date stock price $ 14.66 $ 18.70 Fair value at grant date $ 1.76 $ 6.96 Risk free interest rate 2.53 % 2.40 % Expected term (in years) 2 3 Dividend yield — % — % Expected volatility 43.18 % 41.49 %

Business Segment Information

Business Segment Information9 Months Ended
Sep. 29, 2019
Segment Reporting [Abstract]
Business Segment InformationBusiness Segment Information The Company owns, operates and franchises two restaurant brands, Pollo Tropical ® and Taco Cabana ® , each of which is an operating segment. Pollo Tropical restaurants feature fire-grilled and crispy citrus marinated chicken and other freshly prepared tropical inspired menu items, while Taco Cabana restaurants specialize in Mexican inspired food. Each segment's accounting policies are described in the summary of significant accounting policies in Note 1 to the Company's audited financial statements contained in the Company's Annual Report on Form 10-K for the fiscal year ended December 30, 2018 . The primary measure of segment profit or loss used by the chief operating decision maker to assess performance and allocate resources is Adjusted EBITDA, which is defined as earnings attributable to the applicable operating segments before interest expense, income taxes, depreciation and amortization, impairment and other lease charges, goodwill impairment, closed restaurant rent expense, net of sublease income, stock-based compensation expense, other expense (income), net, and certain significant items for each segment that management believes are related to strategic changes and/or are not related to the ongoing operation of the Company's restaurants as set forth in the reconciliation table below. The "Other" column includes corporate-related items not allocated to reportable segments and consists primarily of corporate-owned property and equipment, lease assets, miscellaneous prepaid costs, capitalized costs associated with the issuance of indebtedness, corporate cash accounts and a current income tax receivable. Three Months Ended Pollo Tropical Taco Cabana Other Consolidated September 29, 2019: Restaurant sales $ 88,309 $ 75,280 $ — $ 163,589 Franchise revenue 432 227 — 659 Cost of sales 28,239 23,817 — 52,056 Restaurant wages and related expenses (1) 20,944 23,515 — 44,459 Restaurant rent expense 5,477 6,493 — 11,970 Other restaurant operating expenses 12,807 11,346 — 24,153 Advertising expense 3,130 3,255 — 6,385 General and administrative expense (2) 7,521 6,299 — 13,820 Adjusted EBITDA 10,980 1,174 — 12,154 Depreciation and amortization 5,529 4,636 — 10,165 Capital expenditures 6,402 5,015 985 12,402 September 30, 2018: Restaurant sales $ 93,592 $ 80,374 $ — $ 173,966 Franchise revenue 453 229 — 682 Cost of sales 31,219 24,802 — 56,021 Restaurant wages and related expenses (1) 21,947 25,996 — 47,943 Restaurant rent expense 4,392 4,737 — 9,129 Other restaurant operating expenses 13,521 13,773 — 27,294 Advertising expense 3,413 3,059 — 6,472 General and administrative expense (2) 7,291 5,993 — 13,284 Adjusted EBITDA 12,544 2,493 — 15,037 Depreciation and amortization 5,438 4,301 — 9,739 Capital expenditures 4,621 7,489 525 12,635 Nine Months Ended Pollo Tropical Taco Cabana Other Consolidated September 29, 2019: Restaurant sales $ 271,955 $ 227,528 $ — $ 499,483 Franchise revenue 1,325 673 — 1,998 Cost of sales 85,855 70,469 — 156,324 Restaurant wages and related expenses (1) 63,387 71,874 — 135,261 Restaurant rent expense 16,393 19,220 — 35,613 Other restaurant operating expenses 36,665 31,764 — 68,429 Advertising expense 9,351 8,438 — 17,789 General and administrative expense (2) 23,568 18,819 — 42,387 Adjusted EBITDA 39,943 8,189 — 48,132 Depreciation and amortization 16,118 13,402 — 29,520 Capital expenditures 18,195 14,982 896 34,073 September 30, 2018: Restaurant sales $ 283,447 $ 235,504 $ — $ 518,951 Franchise revenue 1,376 632 — 2,008 Cost of sales 93,716 72,559 — 166,275 Restaurant wages and related expenses (1) 65,652 76,451 — 142,103 Restaurant rent expense 13,024 13,837 — 26,861 Other restaurant operating expenses 38,270 37,128 — 75,398 Advertising expense 9,859 8,187 — 18,046 General and administrative expense (2) 22,256 18,767 — 41,023 Adjusted EBITDA 42,520 9,652 — 52,172 Depreciation and amortization 16,117 11,791 — 27,908 Capital expenditures 17,656 21,400 867 39,923 Identifiable Assets: September 29, 2019 $ 348,149 $ 210,238 $ 19,215 $ 577,602 December 30, 2018 207,435 174,681 36,543 418,659 (1) Includes stock-based compensation expense of $102 and $145 for the three and nine months ended September 29, 2019 , respectively, and $6 and $56 for the three and nine months ended September 30, 2018 , respectively. (2) Includes stock-based compensation expense of $509 and $1,993 for the three and nine months ended September 29, 2019 , respectively, and $732 and $2,588 for the three and nine months ended September 30, 2018 , respectively. A reconciliation of consolidated net income to Adjusted EBITDA follows: Three Months Ended Pollo Tropical Taco Cabana Other Consolidated September 29, 2019: Net loss $ (22,182 ) Benefit from income taxes (2,946 ) Income (loss) before taxes $ 3,857 $ (28,985 ) $ — $ (25,128 ) Add: Non-general and administrative expense adjustments: Depreciation and amortization 5,529 4,636 — 10,165 Impairment and other lease charges 165 3,089 — 3,254 Goodwill impairment — 21,424 — 21,424 Interest expense 398 425 — 823 Closed restaurant rent expense, net of sublease income 601 125 — 726 Other expense (income), net 5 59 — 64 Stock-based compensation expense in restaurant wages 39 63 — 102 Total non-general and administrative expense adjustments 6,737 29,821 — 36,558 General and administrative expense adjustments: Stock-based compensation expense 268 241 — 509 Digital and brand repositioning costs 118 97 — 215 Total general and administrative expense adjustments 386 338 — 724 Adjusted EBITDA $ 10,980 $ 1,174 $ — $ 12,154 September 30, 2018: Net income $ 2,047 Benefit from income taxes (4,892 ) Income (loss) before taxes $ 2,976 $ (5,821 ) $ — $ (2,845 ) Add: Non-general and administrative expense adjustments: Depreciation and amortization 5,438 4,301 — 9,739 Impairment and other lease charges 3,295 3,122 — 6,417 Interest expense 448 476 — 924 Other expense (income), net (29 ) 76 — 47 Stock-based compensation expense in restaurant wages 4 2 — 6 Total non-general and administrative expense adjustments 9,156 7,977 — 17,133 General and administrative expense adjustments: Stock-based compensation expense 407 325 — 732 Restructuring costs and retention bonuses 5 12 — 17 Total general and administrative expense adjustments 412 337 — 749 Adjusted EBITDA $ 12,544 $ 2,493 $ — $ 15,037 Nine Months Ended Pollo Tropical Taco Cabana Other Consolidated September 29, 2019: Net loss $ (63,333 ) Benefit from income taxes (1,377 ) Income (loss) before taxes $ 16,731 $ (81,441 ) $ — $ (64,710 ) Add: Non-general and administrative expense adjustments: Depreciation and amortization 16,118 13,402 — 29,520 Impairment and other lease charges (162 ) 4,829 — 4,667 Goodwill impairment — 67,909 — 67,909 Interest expense 1,534 1,490 — 3,024 Closed restaurant rent expense, net of sublease income 2,784 701 — 3,485 Other expense (income), net 749 171 — 920 Stock-based compensation expense in restaurant wages 48 97 — 145 Total non-general and administrative expense adjustments 21,071 88,599 — 109,670 General and administrative expense adjustments: Stock-based compensation expense 1,196 797 — 1,993 Restructuring costs and retention bonuses 827 137 — 964 Digital and brand repositioning costs 118 97 — 215 Total general and administrative expense adjustments 2,141 1,031 — 3,172 Adjusted EBITDA $ 39,943 $ 8,189 $ — $ 48,132 September 30, 2018: Net income $ 15,724 Benefit from income taxes (246 ) Income (loss) before taxes $ 21,901 $ (6,423 ) $ — $ 15,478 Add: Non-general and administrative expense adjustments: Depreciation and amortization 16,117 11,791 — 27,908 Impairment and other lease charges 3,439 3,100 — 6,539 Interest expense 1,467 1,512 — 2,979 Other expense (income), net (1,577 ) (1,555 ) — (3,132 ) Stock-based compensation expense in restaurant wages 23 33 — 56 Total non-general and administrative expense adjustments 19,469 14,881 — 34,350 General and administrative expense adjustments: Stock-based compensation expense 1,458 1,130 — 2,588 Board and shareholder matter costs (328 ) (269 ) — (597 ) Restructuring costs and retention bonuses 187 333 — 520 Legal settlements and related costs (167 ) — — (167 ) Total general and administrative expense adjustments 1,150 1,194 — 2,344 Adjusted EBITDA $ 42,520 $ 9,652 $ — $ 52,172

Earnings (Loss) Per Share

Earnings (Loss) Per Share9 Months Ended
Sep. 29, 2019
Earnings Per Share [Abstract]
Earnings (Loss) Per ShareEarnings (Loss) Per Share Basic earnings (loss) per share ("EPS") is computed by dividing net income (loss) applicable to common shares by the weighted average number of common shares outstanding during each period. Non-vested restricted shares contain a non-forfeitable right to receive dividends on a one-to-one per share ratio to common shares and are thus considered participating securities. The impact of the participating securities is included in the computation of basic EPS pursuant to the two-class method. The two-class method of computing EPS is an earnings allocation formula that determines earnings attributable to common shares and participating securities according to dividends declared (whether paid or unpaid) and participation rights in undistributed earnings. EPS is computed by dividing undistributed earnings allocated to common stockholders by the weighted average number of common shares outstanding for the period. In applying the two-class method, undistributed earnings are allocated to both common shares and non-vested restricted shares based on the weighted average shares outstanding during the period. Diluted EPS reflects the potential dilution that could occur if the restricted stock units were to be converted into common shares. Restricted stock units with performance conditions are only included in the diluted EPS calculation to the extent that performance conditions have been met at the measurement date. Diluted EPS is computed by adjusting the basic weighted average number of common shares by the dilutive effect of the restricted stock units, determined using the treasury stock method. For the three and nine months ended September 29, 2019 , all shares of outstanding restricted stock units were excluded from the computation of diluted EPS because including such restricted stock units would have been antidilutive as a result of the net loss in the three and nine months ended September 29, 2019 . Weighted average outstanding restricted stock units totaling 568 and 746 shares were excluded from the computation of diluted EPS for the three and nine months ended September 30, 2018 because including such restricted stock units would have been antidilutive. The computation of basic and diluted EPS is as follows: Three Months Ended Nine Months Ended September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 Basic and diluted EPS: Net income (loss) $ (22,182 ) $ 2,047 $ (63,333 ) $ 15,724 Less: income allocated to participating securities — 23 — 171 Net income (loss) available to common shareholders $ (22,182 ) $ 2,024 $ (63,333 ) $ 15,553 Weighted average common shares—basic 26,548,116 26,954,285 26,734,822 26,900,716 Restricted stock units — 4,589 — 4,675 Weighted average common shares—diluted 26,548,116 26,958,874 26,734,822 26,905,391 Earnings (loss) per common share—basic $ (0.84 ) $ 0.08 $ (2.37 ) $ 0.58 Earnings (loss) per common share—diluted (0.84 ) 0.08 (2.37 ) 0.58

Commitments and Contingencies

Commitments and Contingencies9 Months Ended
Sep. 29, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and ContingenciesCommitments and Contingencies Lease Assignments . Taco Cabana has assigned three leases to various parties on properties where it no longer operates restaurants with lease terms expiring on various dates through 2029. The assignees are responsible for making the payments required by the leases. The Company is a guarantor under one of the leases, and it remains secondarily liable as a surety with respect to two of the leases. Pollo Tropical assigned one lease to a third party on a property where it no longer operates with a lease term expiring in 2033. The assignee is responsible for making the payments required by the lease. The Company is a guarantor under the lease. The maximum potential liability for future rental payments that the Company could be required to make under these leases at September 29, 2019 was $3.3 million . The Company could also be obligated to pay property taxes and other lease-related costs. The obligations under these leases will generally continue to decrease over time as the operating leases expire. The Company does not believe it is probable that it will be ultimately responsible for the obligations under these leases. Legal Matters . The Company is a party to various litigation matters incidental to the conduct of business. The Company does not believe that the outcome of any of these matters will have a material effect on its consolidated financial statements.

Recent Accounting Pronouncement

Recent Accounting Pronouncements9 Months Ended
Sep. 29, 2019
Accounting Policies [Abstract]
Recent Accounting PronouncementsRecent Accounting Pronouncements In August 2018, the FASB issued ASU No. 2018-15, 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 incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). The guidance will be effective for interim and annual periods beginning after December 15, 2019. Early adoption is permitted and may be applied either retrospectively or prospectively to all implementation costs incurred after the date of adoption. The Company does not expect the standard to have a material effect on its financial statements.

Basis of Presentation (Policies

Basis of Presentation (Policies)9 Months Ended
Sep. 29, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of ConsolidationBasis of Consolidation. The unaudited condensed consolidated financial statements presented herein reflect the consolidated financial position, results of operations and cash flows of Fiesta and its wholly-owned subsidiaries. All intercompany transactions have been eliminated in consolidation.
Fiscal YearFiscal Year . The Company uses a 52 – 53 week fiscal year ending on the Sunday closest to December 31. The fiscal year ended December 30, 2018 contained 52 weeks. The three and nine months ended September 29, 2019 and September 30, 2018 each contained thirteen and thirty-nine weeks, respectively. The fiscal year ending December 29, 2019 will contain 52 weeks.
Basis of PresentationBasis of Presentation. The accompanying unaudited condensed consolidated financial statements for the three and nine months ended September 29, 2019 and September 30, 2018 have been prepared without an audit pursuant to the rules and regulations of the Securities and Exchange Commission and do not include certain information and footnotes required by U.S. Generally Accepted Accounting Principles ("GAAP") for complete financial statements. In the opinion of management, all normal and recurring adjustments considered necessary for a fair presentation of such financial statements have been included. The results of operations for the three and nine months ended September 29, 2019 and September 30, 2018 are not necessarily indicative of the results to be expected for the full year. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto for the year ended December 30, 2018 included in the Company's Annual Report on Form 10-K for the fiscal year ended December 30, 2018 . The December 30, 2018 balance sheet data is derived from those audited financial statements.
Guidance Adopted in 2019 and Recent Accounting PronouncementsGuidance Adopted in 2019. In February 2016, and in subsequent updates, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-02, Leases (Topic 842) ("ASC 842"), which requires lessee recognition of lease assets and lease liabilities on the balance sheet and disclosure of key information about leasing arrangements. The Company adopted this new accounting standard and all the related amendments as of December 31, 2018 using the modified retrospective method, with certain optional practical expedients including the transition practical expedient package, which among other things does not require reassessment of lease classification. The Company elected the transition method that allows it to initially apply the new standard at the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. The comparative period information has not been restated and continues to be reported under the accounting standard in effect for that period. The Company has recognized lease liabilities and corresponding right-of-use ("ROU") lease assets for substantially all of the leases it previously accounted for as operating leases, including leases related to closed restaurant properties. The initial ROU assets were calculated as the present value of the remaining operating lease payments using the Company's incremental borrowing rate as of December 31, 2018, reduced by accrued occupancy costs such as certain closed-restaurant lease reserves, accrued rent (including accruals to expense operating lease payments on a straight-line basis), unamortized lease incentives and any unamortized sale-leaseback gains that resulted from off-market terms and increased by unamortized lease acquisition costs. Upon the adoption of ASC 842, the Company no longer records closed restaurant lease reserves, and ROU lease assets are reviewed for impairment with the Company's long-lived assets. The Company elected the practical expedient to combine lease and non-lease components of real estate contracts, which resulted in classification of certain occupancy related expenses that are included in other restaurant operating expenses for periods prior to the adoption of ASC 842 as restaurant rent expenses in the consolidated statement of operations for periods subsequent to the adoption of ASC 842. The Company separately presents rent expense related to its closed restaurant locations and any sublease income related to these closed restaurant locations within closed restaurant rent expense, net of sublease income in the consolidated statement of operations for periods subsequent to the adoption of ASC 842. The Company recorded an initial adjustment to the opening balance of retained earnings of $14.0 million associated with previously deferred gains on sale-leaseback transactions and impairment of operating lease right-of-use assets as of the date of adoption. This adjustment consisted of $18.6 million in deferred gains on sale-leaseback transactions, net of a related deferred tax asset of $4.3 million and $0.2 million in impairment charges, net of tax. For any future sale-leaseback transactions, the gain (adjusted for any off-market terms) will be recognized immediately. In January 2017, the FASB issued ASU No. 2017-04, Simplifying the Test for Goodwill Impairment In August 2018, the FASB issued ASU No. 2018-15, 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 incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). The guidance will be effective for interim and annual periods beginning after December 15, 2019. Early adoption is permitted and may be applied either retrospectively or prospectively to all implementation costs incurred after the date of adoption. The Company does not expect the standard to have a material effect on its financial statements.
Revenue RecognitionRevenue Recognition. Revenue is recognized upon transfer of promised products or services to customers in an amount that reflects the consideration the Company received in exchange for those products or services. Revenues from the Company's owned and operated restaurants are recognized when payment is tendered at the time of sale. Franchise royalty revenues are based on a percent of gross sales and are recorded as income when earned. Initial franchise fees and area development fees associated with new franchise agreements are not distinct from the continuing rights and services offered by the Company during the term of the related franchise agreements and are recognized as income over the term of the related franchise agreements. A portion of the initial franchise fee is allocated to training services and is recognized as revenue when the Company completes the training services.
Fair Value of Financial InstrumentsFair Value of Financial Instruments. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date under current market conditions. In determining fair value, the accounting standards establish a three-level hierarchy for inputs used in measuring fair value as follows: Level 1 inputs are quoted prices in active markets for identical assets or liabilities; Level 2 inputs are observable for the asset or liability, either directly or indirectly, including quoted prices in active markets for similar assets or liabilities; and Level 3 inputs are unobservable and reflect management's own assumptions. The following methods were used to estimate the fair value of each class of financial instruments for which it is practicable to estimate the fair value: • Current Assets and Liabilities. The carrying values reported on the balance sheet of cash, accounts receivable and accounts payable approximate fair value because of the short maturity of those financial instruments. • Revolving Credit Borrowings.
Long-Lived AssetsLong-Lived Assets
LeasesLeases. The Company assesses whether an agreement contains a lease at inception. Operating leases are included within operating lease right-of-use assets, other current liabilities, and operating lease liabilities in the consolidated balance sheets. Finance leases are included within property and equipment, net, current portion of long-term debt, and long-term debt, net of current portion in the consolidated balance sheets. ROU assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. The operating lease ROU asset also includes any lease payments made in advance and is reduced by lease incentives received. As most leases do not provide an implicit rate, the Company uses its incremental borrowing rate at commencement date in determining the present value of lease payments. Lease terms include options to extend the lease when it is reasonably certain that the Company will exercise that option. The Company assumes options are reasonably certain to be exercised when such options are required to achieve a minimum 20
Use of EstimatesUse of Estimates . The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the dates of the financial statements. Estimates also affect the reported amounts of expenses during the reporting periods. Significant items subject to such estimates and assumptions include: accrued occupancy costs, insurance liabilities, evaluation for impairment of goodwill and long-lived assets and lease accounting matters. Actual results could differ from those estimates.
Impairment of Long-Lived AssetsThe Company reviews its long-lived assets, principally property and equipment and lease ROU assets, for impairment at the restaurant level. In addition to considering management's plans, known regulatory or governmental actions and damage due to acts of God (hurricanes, tornadoes, etc.), the Company considers a triggering event to have occurred related to a specific restaurant if the restaurant's cash flows for the last twelve months are less than a minimum threshold or if consistent levels of cash flows for the remaining lease period are less than the carrying value of the restaurant's assets. If an indicator of impairment exists for any of its assets, an estimate of undiscounted future cash flows over the life of the primary asset for each restaurant is compared to that long-lived asset's carrying value. If the carrying value is greater than the undiscounted cash flow, the Company then determines the fair value of the asset and if an asset is determined to be impaired, the loss is measured by the excess of the carrying amount of the asset over its fair value. There is uncertainty in the projected undiscounted future cash flows used in the Company's impairment review analysis. If actual performance does not achieve the projections, the Company may recognize impairment charges in future periods, and such charges could be material.
Purchase of Treasury StockPurchase of Treasury Stock On February 26, 2018, the Company announced that its board of directors approved a share repurchase program for up to 1,500,000 shares of the Company's common stock, and on August 7, 2019, it announced that its board of directors approved an increase to its share repurchase program of an additional 500,000 shares of the Company's common stock. Under the share repurchase program, shares may be repurchased from time to time in open market transactions at prevailing market prices, in privately negotiated transactions or by other means in accordance with federal securities laws, including Rule 10b-18 under the Securities Exchange Act of 1934, as amended. The share repurchase program has no time limit and may be modified, suspended, superseded or terminated at any time by the Company's board of directors. The Company repurchased 1,064,537 shares of its common stock under the program in open market transactions during the nine months ended September 29, 2019 for $11.3 million . The repurchased shares are held as treasury stock at cost.
Segment ReportingEach segment's accounting policies are described in the summary of significant accounting policies in Note 1 to the Company's audited financial statements contained in the Company's Annual Report on Form 10-K for the fiscal year ended December 30, 2018
Earnings per ShareBasic earnings (loss) per share ("EPS") is computed by dividing net income (loss) applicable to common shares by the weighted average number of common shares outstanding during each period. Non-vested restricted shares contain a non-forfeitable right to receive dividends on a one-to-one per share ratio to common shares and are thus considered participating securities. The impact of the participating securities is included in the computation of basic EPS pursuant to the two-class method. The two-class method of computing EPS is an earnings allocation formula that determines earnings attributable to common shares and participating securities according to dividends declared (whether paid or unpaid) and participation rights in undistributed earnings. EPS is computed by dividing undistributed earnings allocated to common stockholders by the weighted average number of common shares outstanding for the period. In applying the two-class method, undistributed earnings are allocated to both common shares and non-vested restricted shares based on the weighted average shares outstanding during the period.

Prepaid Expenses and Other Cu_2

Prepaid Expenses and Other Current Assets (Tables)9 Months Ended
Sep. 29, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses and Other Current AssetsPrepaid expenses and other current assets, consist of the following: September 29, 2019 December 30, 2018 Prepaid contract expenses $ 4,275 $ 4,232 Assets held for sale (1) 4,336 — Other 3,767 2,330 $ 12,378 $ 6,562 (1) One closed Pollo Tropical restaurant and two Taco Cabana restaurant properties owned by the Company were classified as held for sale as of September 29, 2019 .

Impairment of Long-Lived Asse_2

Impairment of Long-Lived Assets and Other Lease Charges (Tables)9 Months Ended
Sep. 29, 2019
Property, Plant and Equipment [Abstract]
Summary of Impairment on Long-Lived Assets by SegmentA summary of impairment of long-lived assets and other lease charges (recoveries) recorded by segment is as follows: Three Months Ended Nine Months Ended September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 Pollo Tropical $ 165 $ 3,295 $ (162 ) $ 3,439 Taco Cabana 3,089 3,122 4,829 3,100 $ 3,254 $ 6,417 $ 4,667 $ 6,539
Other Lease Charges (Recoveries) by SegmentA summary of impairment of long-lived assets and other lease charges (recoveries) recorded by segment is as follows: Three Months Ended Nine Months Ended September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 Pollo Tropical $ 165 $ 3,295 $ (162 ) $ 3,439 Taco Cabana 3,089 3,122 4,829 3,100 $ 3,254 $ 6,417 $ 4,667 $ 6,539

Goodwill (Tables)

Goodwill (Tables)9 Months Ended
Sep. 29, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Changes in GoodwillA summary of changes in goodwill during the nine months ended September 29, 2019 is as follows: Pollo Taco Total Balance, December 30, 2018 $ 56,307 $ 67,177 $ 123,484 Impairment charges (1)(2) — (67,177 ) (67,177 ) Balance, September 29, 2019 $ 56,307 $ — $ 56,307 (1) Accumulated impairment losses at September 29, 2019 were $67.2 million . There were no accumulated impairment losses at December 30, 2018 . (2) Impairment charges during the three and nine months ended September 29, 2019 include $0.7 million previously classified as an intangible asset and included in other assets.

Other Liabilities (Tables)

Other Liabilities (Tables)9 Months Ended
Sep. 29, 2019
Other Liabilities Disclosure [Abstract]
Other Liabilities, CurrentOther current liabilities consist of the following: September 29, 2019 December 30, 2018 Accrued workers' compensation and general liability claims $ 4,770 $ 4,886 Sales and property taxes 2,054 1,958 Accrued occupancy costs 1,189 4,554 Operating lease liabilities 19,647 — Other 2,182 2,688 $ 29,842 $ 14,086
Other Liabilities, Non-currentOther non-current liabilities consist of the following: September 29, 2019 December 30, 2018 Accrued occupancy costs $ 78 $ 21,534 Deferred compensation 532 867 Accrued workers' compensation and general liability claims 6,806 6,808 Other 650 3,295 $ 8,066 $ 32,504
Activity in the Closed-Restaurant ReserveThe following table presents the activity in the closed-restaurant reserve, of which $0.1 million and $ 4.4 million are included in non-current accrued occupancy costs at September 29, 2019 and December 30, 2018 , respectively, with the remainder in current accrued occupancy costs. Nine Months Ended September 29, 2019 Year Ended December 30, 2018 Balance, beginning of period $ 8,819 $ 12,994 Provisions for restaurant closures — 2,228 Additional lease charges (recoveries), net (808 ) (152 ) Payments, net (895 ) (6,778 ) Other adjustments (1) (5,992 ) 527 Balance, end of period $ 1,124 $ 8,819 (1) As a result of adopting ASC 842 on December 31, 2018, the portion of the closed restaurant reserve related to operating lease rental payments totaling $5.7 million was reclassified and included as a component of the related ROU assets during the nine months ended September 29, 2019 . The portion of the closed restaurant reserve related to variable ancillary lease costs was not reclassified and was not included as a reduction to ROU assets.

Leases (Tables)

Leases (Tables)9 Months Ended
Sep. 29, 2019
Leases [Abstract]
Lease ExpenseLease expense consisted of the following: Three Months Ended Nine Months Ended September 29, 2019 September 29, 2019 Operating lease cost $ 11,396 $ 34,097 Finance lease costs: Amortization of right-of-use assets $ 59 $ 136 Interest on lease liabilities 58 168 Total finance lease costs $ 117 $ 304 Variable lease costs $ 2,766 8,855 Sublease income (1,135 ) (2,764 ) Total lease costs $ 13,144 $ 40,492
Supplemental Balance Sheet InformationSupplemental balance sheet information related to leases is as follows: September 29, 2019 Operating Leases Operating lease right-of-use assets $ 254,449 Other current liabilities $ 19,647 Operating lease liabilities 258,891 Total operating lease liabilities $ 278,538 Finance Leases Property and equipment, gross $ 2,874 Accumulated amortization (1,268 ) Property and equipment, net $ 1,606 Current portion of long-term debt $ 204 Long-term debt, net of current portion 1,887 Total finance lease liabilities $ 2,091 Weighted Average Remaining Lease Term (in Years) Operating leases 12.1 Finance leases 8.1 Weighted Average Discount Rate Operating leases 7.70 % Finance leases 12.61 %
Supplemental Cash Flow InformationSupplemental cash flow information related to leases is as follows: Nine Months Ended September 29, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 32,833 Operating cash flows for finance leases 168 Financing cash flows for finance leases 109 Right-of-use assets obtained in exchange for lease liabilities: Operating lease ROU assets 8,618 Finance lease ROU assets 495 Right-of-use assets and lease liabilities reduced for terminated leases: Operating lease ROU assets 4,058 Operating lease liabilities 4,787 Operating lease right-of-use assets obtained and liabilities incurred as a result of adoption of ASC 842: Operating lease ROU assets 267,743 Operating lease liabilities 291,373
Maturities of Operating Lease LiabilitiesMaturities of lease liabilities were as follows: Operating Leases Finance Leases Remaining 2019 $ 7,369 $ 87 2020 43,570 460 2021 40,062 475 2022 38,637 475 2023 35,269 428 2024 31,820 350 Thereafter 248,237 1,278 Total lease payments 444,964 3,553 Less amount representing interest (166,426 ) (1,462 ) Total discounted lease liabilities 278,538 2,091 Less current portion (19,647 ) (204 ) Long-term portion of leases liabilities $ 258,891 $ 1,887
Maturities of Finance Lease LiabilitiesMaturities of lease liabilities were as follows: Operating Leases Finance Leases Remaining 2019 $ 7,369 $ 87 2020 43,570 460 2021 40,062 475 2022 38,637 475 2023 35,269 428 2024 31,820 350 Thereafter 248,237 1,278 Total lease payments 444,964 3,553 Less amount representing interest (166,426 ) (1,462 ) Total discounted lease liabilities 278,538 2,091 Less current portion (19,647 ) (204 ) Long-term portion of leases liabilities $ 258,891 $ 1,887
Minimum Rent Commitments Due Under Non-Cancelable Operating LeasesMinimum rent commitments due under capital and non-cancelable operating leases at December 30, 2018 were as follows: Operating Capital 2019 $ 44,427 $ 323 2020 44,144 327 2021 41,396 342 2022 40,215 342 2023 36,587 349 Thereafter 264,704 1,646 Total minimum lease payments (1) $ 471,473 3,329 Less amount representing interest (1,585 ) Total obligations under capital leases 1,744 Less current portion (108 ) Long-term debt under capital leases $ 1,636 (1) Minimum operating lease payments include contractual rent payments for closed restaurants for which the Company is still obligated under the lease agreements and have not been reduced by minimum sublease rent of $41.4 million due in the future under non-cancelable subleases. See Note 5—Other Liabilities.
Minimum Rent Commitments Due Under Capital LeasesMinimum rent commitments due under capital and non-cancelable operating leases at December 30, 2018 were as follows: Operating Capital 2019 $ 44,427 $ 323 2020 44,144 327 2021 41,396 342 2022 40,215 342 2023 36,587 349 Thereafter 264,704 1,646 Total minimum lease payments (1) $ 471,473 3,329 Less amount representing interest (1,585 ) Total obligations under capital leases 1,744 Less current portion (108 ) Long-term debt under capital leases $ 1,636 (1) Minimum operating lease payments include contractual rent payments for closed restaurants for which the Company is still obligated under the lease agreements and have not been reduced by minimum sublease rent of $41.4 million due in the future under non-cancelable subleases. See Note 5—Other Liabilities.
Undiscounted Cash Flows to be Received Under Operating SubleasesThe undiscounted cash flows to be received under operating subleases were as follows: Operating Leases Remaining 2019 $ 937 2020 4,384 2021 4,551 2022 4,493 2023 4,481 2024 4,535 Thereafter 41,798 Total $ 65,179

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)9 Months Ended
Sep. 29, 2019
Equity [Abstract]
Schedule of Non-vested Restricted Shares and Restricted Stock Units ActivityA summary of all non-vested restricted shares and restricted stock units activity for the nine months ended September 29, 2019 is as follows: Non-Vested Shares Restricted Stock Units Shares Weighted Units Weighted Outstanding at December 30, 2018 287,866 $ 20.70 231,112 $ 12.44 Granted 287,002 13.00 15,348 1.76 Vested and released (128,811 ) 20.34 (3,418 ) 62.05 Forfeited (69,190 ) 17.50 (95,123 ) 12.97 Outstanding at September 29, 2019 376,867 $ 15.48 147,919 $ 9.83
Restricted Stock Units Subject to Market Conditions AssumptionsThe assumptions used to value grant restricted stock units subject to market conditions are detailed below: 2019 2018 Grant date stock price $ 14.66 $ 18.70 Fair value at grant date $ 1.76 $ 6.96 Risk free interest rate 2.53 % 2.40 % Expected term (in years) 2 3 Dividend yield — % — % Expected volatility 43.18 % 41.49 %

Business Segment Information (T

Business Segment Information (Tables)9 Months Ended
Sep. 29, 2019
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by SegmentThree Months Ended Pollo Tropical Taco Cabana Other Consolidated September 29, 2019: Restaurant sales $ 88,309 $ 75,280 $ — $ 163,589 Franchise revenue 432 227 — 659 Cost of sales 28,239 23,817 — 52,056 Restaurant wages and related expenses (1) 20,944 23,515 — 44,459 Restaurant rent expense 5,477 6,493 — 11,970 Other restaurant operating expenses 12,807 11,346 — 24,153 Advertising expense 3,130 3,255 — 6,385 General and administrative expense (2) 7,521 6,299 — 13,820 Adjusted EBITDA 10,980 1,174 — 12,154 Depreciation and amortization 5,529 4,636 — 10,165 Capital expenditures 6,402 5,015 985 12,402 September 30, 2018: Restaurant sales $ 93,592 $ 80,374 $ — $ 173,966 Franchise revenue 453 229 — 682 Cost of sales 31,219 24,802 — 56,021 Restaurant wages and related expenses (1) 21,947 25,996 — 47,943 Restaurant rent expense 4,392 4,737 — 9,129 Other restaurant operating expenses 13,521 13,773 — 27,294 Advertising expense 3,413 3,059 — 6,472 General and administrative expense (2) 7,291 5,993 — 13,284 Adjusted EBITDA 12,544 2,493 — 15,037 Depreciation and amortization 5,438 4,301 — 9,739 Capital expenditures 4,621 7,489 525 12,635 Nine Months Ended Pollo Tropical Taco Cabana Other Consolidated September 29, 2019: Restaurant sales $ 271,955 $ 227,528 $ — $ 499,483 Franchise revenue 1,325 673 — 1,998 Cost of sales 85,855 70,469 — 156,324 Restaurant wages and related expenses (1) 63,387 71,874 — 135,261 Restaurant rent expense 16,393 19,220 — 35,613 Other restaurant operating expenses 36,665 31,764 — 68,429 Advertising expense 9,351 8,438 — 17,789 General and administrative expense (2) 23,568 18,819 — 42,387 Adjusted EBITDA 39,943 8,189 — 48,132 Depreciation and amortization 16,118 13,402 — 29,520 Capital expenditures 18,195 14,982 896 34,073 September 30, 2018: Restaurant sales $ 283,447 $ 235,504 $ — $ 518,951 Franchise revenue 1,376 632 — 2,008 Cost of sales 93,716 72,559 — 166,275 Restaurant wages and related expenses (1) 65,652 76,451 — 142,103 Restaurant rent expense 13,024 13,837 — 26,861 Other restaurant operating expenses 38,270 37,128 — 75,398 Advertising expense 9,859 8,187 — 18,046 General and administrative expense (2) 22,256 18,767 — 41,023 Adjusted EBITDA 42,520 9,652 — 52,172 Depreciation and amortization 16,117 11,791 — 27,908 Capital expenditures 17,656 21,400 867 39,923 Identifiable Assets: September 29, 2019 $ 348,149 $ 210,238 $ 19,215 $ 577,602 December 30, 2018 207,435 174,681 36,543 418,659 (1) Includes stock-based compensation expense of $102 and $145 for the three and nine months ended September 29, 2019 , respectively, and $6 and $56 for the three and nine months ended September 30, 2018 , respectively. (2) Includes stock-based compensation expense of $509 and $1,993 for the three and nine months ended September 29, 2019 , respectively, and $732 and $2,588 for the three and nine months ended September 30, 2018 , respectively.
Reconciliation of Consolidated Net Income (Loss) to Adjusted EBITDAA reconciliation of consolidated net income to Adjusted EBITDA follows: Three Months Ended Pollo Tropical Taco Cabana Other Consolidated September 29, 2019: Net loss $ (22,182 ) Benefit from income taxes (2,946 ) Income (loss) before taxes $ 3,857 $ (28,985 ) $ — $ (25,128 ) Add: Non-general and administrative expense adjustments: Depreciation and amortization 5,529 4,636 — 10,165 Impairment and other lease charges 165 3,089 — 3,254 Goodwill impairment — 21,424 — 21,424 Interest expense 398 425 — 823 Closed restaurant rent expense, net of sublease income 601 125 — 726 Other expense (income), net 5 59 — 64 Stock-based compensation expense in restaurant wages 39 63 — 102 Total non-general and administrative expense adjustments 6,737 29,821 — 36,558 General and administrative expense adjustments: Stock-based compensation expense 268 241 — 509 Digital and brand repositioning costs 118 97 — 215 Total general and administrative expense adjustments 386 338 — 724 Adjusted EBITDA $ 10,980 $ 1,174 $ — $ 12,154 September 30, 2018: Net income $ 2,047 Benefit from income taxes (4,892 ) Income (loss) before taxes $ 2,976 $ (5,821 ) $ — $ (2,845 ) Add: Non-general and administrative expense adjustments: Depreciation and amortization 5,438 4,301 — 9,739 Impairment and other lease charges 3,295 3,122 — 6,417 Interest expense 448 476 — 924 Other expense (income), net (29 ) 76 — 47 Stock-based compensation expense in restaurant wages 4 2 — 6 Total non-general and administrative expense adjustments 9,156 7,977 — 17,133 General and administrative expense adjustments: Stock-based compensation expense 407 325 — 732 Restructuring costs and retention bonuses 5 12 — 17 Total general and administrative expense adjustments 412 337 — 749 Adjusted EBITDA $ 12,544 $ 2,493 $ — $ 15,037 Nine Months Ended Pollo Tropical Taco Cabana Other Consolidated September 29, 2019: Net loss $ (63,333 ) Benefit from income taxes (1,377 ) Income (loss) before taxes $ 16,731 $ (81,441 ) $ — $ (64,710 ) Add: Non-general and administrative expense adjustments: Depreciation and amortization 16,118 13,402 — 29,520 Impairment and other lease charges (162 ) 4,829 — 4,667 Goodwill impairment — 67,909 — 67,909 Interest expense 1,534 1,490 — 3,024 Closed restaurant rent expense, net of sublease income 2,784 701 — 3,485 Other expense (income), net 749 171 — 920 Stock-based compensation expense in restaurant wages 48 97 — 145 Total non-general and administrative expense adjustments 21,071 88,599 — 109,670 General and administrative expense adjustments: Stock-based compensation expense 1,196 797 — 1,993 Restructuring costs and retention bonuses 827 137 — 964 Digital and brand repositioning costs 118 97 — 215 Total general and administrative expense adjustments 2,141 1,031 — 3,172 Adjusted EBITDA $ 39,943 $ 8,189 $ — $ 48,132 September 30, 2018: Net income $ 15,724 Benefit from income taxes (246 ) Income (loss) before taxes $ 21,901 $ (6,423 ) $ — $ 15,478 Add: Non-general and administrative expense adjustments: Depreciation and amortization 16,117 11,791 — 27,908 Impairment and other lease charges 3,439 3,100 — 6,539 Interest expense 1,467 1,512 — 2,979 Other expense (income), net (1,577 ) (1,555 ) — (3,132 ) Stock-based compensation expense in restaurant wages 23 33 — 56 Total non-general and administrative expense adjustments 19,469 14,881 — 34,350 General and administrative expense adjustments: Stock-based compensation expense 1,458 1,130 — 2,588 Board and shareholder matter costs (328 ) (269 ) — (597 ) Restructuring costs and retention bonuses 187 333 — 520 Legal settlements and related costs (167 ) — — (167 ) Total general and administrative expense adjustments 1,150 1,194 — 2,344 Adjusted EBITDA $ 42,520 $ 9,652 $ — $ 52,172

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)9 Months Ended
Sep. 29, 2019
Earnings Per Share [Abstract]
Schedule of Earnings (Loss) Per ShareThe computation of basic and diluted EPS is as follows: Three Months Ended Nine Months Ended September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 Basic and diluted EPS: Net income (loss) $ (22,182 ) $ 2,047 $ (63,333 ) $ 15,724 Less: income allocated to participating securities — 23 — 171 Net income (loss) available to common shareholders $ (22,182 ) $ 2,024 $ (63,333 ) $ 15,553 Weighted average common shares—basic 26,548,116 26,954,285 26,734,822 26,900,716 Restricted stock units — 4,589 — 4,675 Weighted average common shares—diluted 26,548,116 26,958,874 26,734,822 26,905,391 Earnings (loss) per common share—basic $ (0.84 ) $ 0.08 $ (2.37 ) $ 0.58 Earnings (loss) per common share—diluted (0.84 ) 0.08 (2.37 ) 0.58

Basis of Presentation - Narrati

Basis of Presentation - Narrative (Details)9 Months Ended
Sep. 29, 2019segmentrestaurant
Entity Information [Line Items]
Number of operating segments | segment2
Minimum
Entity Information [Line Items]
Lease term20 years
Entity Operated Units | Pollo Tropical
Entity Information [Line Items]
Number of restaurants141
Entity Operated Units | Taco Cabana
Entity Information [Line Items]
Number of restaurants165
Franchised Units | Pollo Tropical
Entity Information [Line Items]
Number of restaurants31
Franchised Units | Pollo Tropical | Puerto Rico
Entity Information [Line Items]
Number of restaurants17
Franchised Units | Pollo Tropical | Panama
Entity Information [Line Items]
Number of restaurants4
Franchised Units | Pollo Tropical | Guyana
Entity Information [Line Items]
Number of restaurants2
Franchised Units | Pollo Tropical | Bahamas
Entity Information [Line Items]
Number of restaurants1
Franchised Units | Pollo Tropical | Florida | College Campus
Entity Information [Line Items]
Number of restaurants6
Franchised Units | Pollo Tropical | Florida | Hospital
Entity Information [Line Items]
Number of restaurants1
Franchised Units | Taco Cabana
Entity Information [Line Items]
Number of restaurants8
Franchised Units | Taco Cabana | New Mexico
Entity Information [Line Items]
Number of restaurants6
Franchised Units | Taco Cabana | Texas
Entity Information [Line Items]
Number of restaurants2

Basis of Presentation - Guidanc

Basis of Presentation - Guidance Adopted in 2019 (Details) - USD ($) $ in Thousands3 Months Ended9 Months Ended
Sep. 29, 2019Jun. 30, 2019Sep. 30, 2018Sep. 29, 2019Sep. 30, 2018Dec. 31, 2018Dec. 30, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect adjustment to retained earnings $ 22,937 $ 22,937 $ 72,268
Deferred gains on sale-leaseback transactions0 0 $ 19,899
Goodwill impairment21,424 $ 0 $ 67,909 $ 0
ASU 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect adjustment to retained earnings $ 14,000
Deferred gains on sale-leaseback transactions18,600
Deferred tax asset related to sale-leaseback transactions4,300
Impairment charges related to sale-leaseback transactions $ 200
ASU 2017-04 | New Accounting Pronouncement, Early Adoption, Effect
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Goodwill impairment $ 21,400 $ 46,500

Basis of Presentation - Fair Va

Basis of Presentation - Fair Value Disclosures (Details) - USD ($) $ in MillionsSep. 29, 2019Dec. 30, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of senior credit facility $ 69 $ 78
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of senior credit facility $ 69 $ 78

Prepaid Expenses and Other Cu_3

Prepaid Expenses and Other Current Assets (Details) $ in ThousandsSep. 29, 2019USD ($)restaurantDec. 30, 2018USD ($)
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid contract expenses $ 4,275 $ 4,232
Assets held for sale4,336 0
Other3,767 2,330
Prepaid expenses and other current assets $ 12,378 $ 6,562
Pollo Tropical
Property, Plant and Equipment [Line Items]
Restaurant properties classified as held for sale | restaurant1
Taco Cabana
Property, Plant and Equipment [Line Items]
Restaurant properties classified as held for sale | restaurant2

Impairment of Long-Lived Asse_3

Impairment of Long-Lived Assets and Other Lease Charges - Summary by Segment (Details) - USD ($) $ in Thousands3 Months Ended9 Months Ended
Sep. 29, 2019Sep. 30, 2018Sep. 29, 2019Sep. 30, 2018
Impairment and Other Lease Charges [Line Items]
Impairment and other lease charges $ 3,254 $ 6,417 $ 4,667 $ 6,539
Pollo Tropical
Impairment and Other Lease Charges [Line Items]
Impairment and other lease charges165 3,295 (162)3,439
Taco Cabana
Impairment and Other Lease Charges [Line Items]
Impairment and other lease charges $ 3,089 $ 3,122 $ 4,829 $ 3,100

Impairment of Long-Lived Asse_4

Impairment of Long-Lived Assets and Other Lease Charges - Narrative (Details) $ in Millions3 Months Ended9 Months Ended
Sep. 29, 2019USD ($)restaurantSep. 30, 2018USD ($)restaurantSep. 29, 2019USD ($)restaurantSep. 30, 2018USD ($)restaurant
Level 3
Impairment and Other Lease Charges [Line Items]
Assets measured at fair value associated with impairment charges $ 1.5 $ 1.5
Pollo Tropical
Impairment and Other Lease Charges [Line Items]
Impairment charges0.2 $ 3.4 0.6 $ 3.6
Lease charge (recoveries) $ (0.1)(0.8) $ (0.1)
Number of underperforming restaurants | restaurant3 3
Taco Cabana
Impairment and Other Lease Charges [Line Items]
Impairment charges $ 3.1 $ 2.4 4.9 $ 2.6
Lease charge (recoveries) $ 0.7 $ (0.1) $ 0.5
Number of underperforming restaurants | restaurant8 5 8 5

Goodwill (Details)

Goodwill (Details) - USD ($) $ in Thousands3 Months Ended9 Months Ended
Sep. 29, 2019Jun. 30, 2019Sep. 30, 2018Sep. 29, 2019Sep. 30, 2018
Goodwill [Line Items]
Impairment charge on goodwill $ 21,424 $ 0 $ 67,909 $ 0
Taco Cabana
Goodwill [Line Items]
Impairment charge on goodwill $ 67,177
New Accounting Pronouncement, Early Adoption, Effect | ASU 2017-04
Goodwill [Line Items]
Impairment charge on goodwill21,400 $ 46,500
Goodwill impairment loss deductible for tax purposes9,100
Goodwill impairment loss, income tax benefit $ 2,100

Goodwill - Summary of Changes i

Goodwill - Summary of Changes in Goodwill (Details) - USD ($)3 Months Ended9 Months Ended
Sep. 29, 2019Sep. 30, 2018Sep. 29, 2019Sep. 30, 2018Dec. 30, 2018
Goodwill
Balance, December 30, 2018 $ 123,484,000
Goodwill impairment $ 21,424,000 $ 0 67,909,000 $ 0
Balance, September 29, 201956,307,000 56,307,000
Accumulated impairment loss67,200,000 67,200,000 $ 0
Impairment loss for asset previously classified as intangible asset and included in other assets700,000 700,000
Pollo Tropical
Goodwill
Balance, December 30, 201856,307,000
Goodwill impairment0
Balance, September 29, 201956,307,000 56,307,000
Taco Cabana
Goodwill
Balance, December 30, 201867,177,000
Goodwill impairment67,177,000
Balance, September 29, 2019 $ 0 $ 0

Other Liabilities - Current (De

Other Liabilities - Current (Details) - USD ($) $ in ThousandsSep. 29, 2019Dec. 30, 2018
Other Liabilities Disclosure [Abstract]
Accrued workers' compensation and general liability claims $ 4,770 $ 4,886
Sales and property taxes2,054 1,958
Accrued occupancy costs1,189 4,554
Operating lease liabilities19,647 0
Other2,182 2,688
Other current liabilities $ 29,842 $ 14,086

Other Liabilities - Non-current

Other Liabilities - Non-current (Details) - USD ($) $ in ThousandsSep. 29, 2019Dec. 30, 2018
Other Liabilities Disclosure [Abstract]
Accrued occupancy costs $ 78 $ 21,534
Deferred compensation532 867
Accrued workers' compensation and general liability claims6,806 6,808
Other650 3,295
Other non-current liabilities $ 8,066 $ 32,504

Other Liabilities - Narrative (

Other Liabilities - Narrative (Details) - Closed Stores - USD ($) $ in ThousandsSep. 29, 2019Dec. 30, 2018Dec. 31, 2017
Restructuring Cost and Reserve [Line Items]
Closed-restaurant reserve $ 1,124 $ 8,819 $ 12,994
Other Liabilities, Non-current
Restructuring Cost and Reserve [Line Items]
Closed-restaurant reserve $ 100 $ 4,400

Other Liabilities - Closed-Rest

Other Liabilities - Closed-Restaurant Reserve (Details) - USD ($) $ in Thousands3 Months Ended9 Months Ended12 Months Ended
Sep. 29, 2019Sep. 29, 2019Dec. 30, 2018
Activity in the Closed-Restaurant Reserve
Operating lease rental payments $ 11,396 $ 34,097
Closed Stores
Activity in the Closed-Restaurant Reserve
Balance, beginning of period8,819 $ 12,994
Provisions for restaurant closures0 2,228
Additional lease charges (recoveries), net(808)(152)
Payments, net(895)(6,778)
Other adjustments(5,992)527
Balance, end of period $ 1,124 1,124 $ 8,819
Operating lease rental payments $ 5,700

Leases - Narrative (Details)

Leases - Narrative (Details)9 Months Ended
Sep. 29, 2019lease
Lessee, Lease, Description [Line Items]
Number of leases for restaurant properties and corporate office space that had not yet commenced5
Lease term of leases not yet commenced15 years
Sublease includes options to extend sublease term, up to25 years
Minimum
Lessee, Lease, Description [Line Items]
Lease term20 years
Remaining lease term3 months 18 days
Sublease, remaining lease term2 years 7 months 6 days
Maximum
Lessee, Lease, Description [Line Items]
Lease term40 years
Remaining lease term22 years 1 month 6 days
Sublease, remaining lease term19 years 8 months 12 days

Leases - Lease Expense (Details

Leases - Lease Expense (Details) - USD ($) $ in Thousands3 Months Ended9 Months Ended
Sep. 29, 2019Sep. 29, 2019
Leases [Abstract]
Operating lease cost $ 11,396 $ 34,097
Finance lease costs:
Amortization of right-of-use assets59 136
Interest on lease liabilities58 168
Total finance lease costs117 304
Variable lease costs2,766 8,855
Sublease income(1,135)(2,764)
Total lease costs $ 13,144 $ 40,492

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information (Details) - USD ($) $ in ThousandsSep. 29, 2019Dec. 30, 2018
Operating Leases
Operating lease right-of-use assets $ 254,449 $ 0
Other current liabilities19,647 0
Operating lease liabilities258,891 $ 0
Total operating lease liabilities278,538
Finance Leases
Property and equipment, gross2,874
Accumulated amortization(1,268)
Property and equipment, net1,606
Current portion of long-term debt204
Long-term debt, net of current portion1,887
Total finance lease liabilities $ 2,091
Weighted Average Remaining Lease Term (in Years)
Operating leases12 years 1 month 6 days
Finance leases8 years 1 month 6 days
Weighted Average Discount Rate
Operating leases7.70%
Finance leases12.61%

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands9 Months Ended
Sep. 29, 2019Dec. 30, 2018
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases $ 32,833
Operating cash flows for finance leases168
Financing cash flows for finance leases109
Right-of-use assets obtained in exchange for lease liabilities:
Operating lease ROU assets8,618
Finance lease ROU assets495
Right-of-use assets and lease liabilities reduced for terminated leases:
Operating lease ROU assets4,058
Operating lease liabilities4,787
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease ROU assets254,449 $ 0
Operating lease liabilities278,538
ASU 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease ROU assets267,743
Operating lease liabilities $ 291,373

Leases - Maturities of Lease Li

Leases - Maturities of Lease Liabilities (Details) - USD ($) $ in ThousandsSep. 29, 2019Dec. 30, 2018
Operating Leases
Remaining 2019 $ 7,369
202043,570
202140,062
202238,637
202335,269
202431,820
Thereafter248,237
Total lease payments444,964
Less amount representing interest(166,426)
Total operating lease liabilities278,538
Less current portion(19,647) $ 0
Long-term portion of leases liabilities258,891 $ 0
Finance Leases
Remaining 201987
2020460
2021475
2022475
2023428
2024350
Thereafter1,278
Total lease payments3,553
Less amount representing interest(1,462)
Total finance lease liabilities2,091
Less current portion(204)
Long-term portion of leases liabilities $ 1,887

Leases - Minimum Rent Commitmen

Leases - Minimum Rent Commitments Under Capital and Non-Cancelable Operating Leases (Details) $ in ThousandsDec. 30, 2018USD ($)
Operating
2019 $ 44,427
202044,144
202141,396
202240,215
202336,587
Thereafter264,704
Total minimum lease payments471,473
Capital
2019323
2020327
2021342
2022342
2023349
Thereafter1,646
Total minimum lease payments3,329
Less amount representing interest(1,585)
Total obligations under capital leases1,744
Less current portion(108)
Long-term debt under capital leases1,636
Minimum future sublease rent $ 41,400

Leases - Subleases (Details)

Leases - Subleases (Details) $ in ThousandsSep. 29, 2019USD ($)
Operating Leases
Remaining 2019 $ 937
20204,384
20214,551
20224,493
20234,481
20244,535
Thereafter41,798
Total $ 65,179

Stockholders' Equity - Purchase

Stockholders' Equity - Purchase of Treasury Stock (Details) - USD ($) $ in Thousands3 Months Ended9 Months Ended
Sep. 29, 2019Mar. 31, 2019Sep. 30, 2018Jul. 01, 2018Apr. 01, 2018Sep. 29, 2019Aug. 07, 2019Feb. 26, 2018
Equity [Abstract]
Number of shares authorized to be repurchased1,500,000
Increase in share repurchase program, number of shares500,000
Treasury stock purchases (in shares)1,064,537
Treasury stock purchases $ 9,158 $ 2,199 $ 1,532 $ 603 $ 349 $ 11,300

Stockholders' Equity - Stock-Ba

Stockholders' Equity - Stock-Based Compensation (Details) $ / shares in Units, $ in Millions3 Months Ended9 Months Ended
Sep. 29, 2019USD ($)tranchesharesSep. 30, 2018USD ($)Sep. 29, 2019USD ($)tranche$ / sharessharesSep. 30, 2018USD ($)$ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation | $ $ 0.6 $ 0.7 $ 2.1 $ 2.6
Unrecognized stock-based compensation expense | $ $ 4.8 $ 4.8
Nonvested Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted in period20,000 287,002
Vesting period4 years
Weighted average grant date fair value, grants in period (usd per share) | $ / shares $ 13
Share-based compensation cost not yet recognized, period for recognition2 years 8 months 12 days
Nonvested Restricted Shares | Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period1 year
Nonvested Restricted Shares | Consultant
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period4 years
Nonvested Restricted Shares | Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period4 years
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted in period15,348
Weighted average grant date fair value, grants in period (usd per share) | $ / shares $ 1.76
Share-based compensation cost not yet recognized, period for recognition10 months 24 days
Market Performance-Based Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value, grants in period (usd per share) | $ / shares $ 1.76 $ 6.96
Market Performance-Based Restricted Stock Units (RSUs) | Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted in period15,348
Vesting period2 years
Weighted average grant date fair value, grants in period (usd per share) | $ / shares $ 1.76
Number of tranches | tranche2 2
Market Performance-Based Restricted Stock Units (RSUs) | Executive Officer | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares to be issued at end of performance period0
Market Performance-Based Restricted Stock Units (RSUs) | Executive Officer | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares to be issued at end of performance period15,348

Stockholders' Equity - Non-vest

Stockholders' Equity - Non-vested Restricted Shares and Restricted Stock Units Activity (Details) - $ / shares3 Months Ended9 Months Ended
Sep. 29, 2019Sep. 29, 2019
Non-Vested Shares
Non-vested Restricted Shares and Restricted Stock Units
Outstanding at beginning of period (in shares)287,866
Granted (in shares)20,000 287,002
Vested and released (in shares)(128,811)
Forfeited (in shares)(69,190)
Outstanding at end of period (in shares)376,867 376,867
Weighted Average Grant Date Fair Value
Outstanding at beginning of period (usd per share) $ 20.70
Granted (usd per share)13
Vested and released (usd per share)20.34
Forfeited (usd per share)17.50
Outstanding at end of period (usd per share) $ 15.48 $ 15.48
Restricted Stock Units
Non-vested Restricted Shares and Restricted Stock Units
Outstanding at beginning of period (in shares)231,112
Granted (in shares)15,348
Vested and released (in shares)(3,418)
Forfeited (in shares)(95,123)
Outstanding at end of period (in shares)147,919 147,919
Weighted Average Grant Date Fair Value
Outstanding at beginning of period (usd per share) $ 12.44
Granted (usd per share)1.76
Vested and released (usd per share)62.05
Forfeited (usd per share)12.97
Outstanding at end of period (usd per share) $ 9.83 $ 9.83

Stockholders' Equity - Restrict

Stockholders' Equity - Restricted Stock Units Subject to Market Conditions (Details) - Market Performance-Based Restricted Stock Units (RSUs) - $ / shares9 Months Ended
Sep. 29, 2019Sep. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date stock price (usd per share) $ 14.66 $ 18.70
Fair value at grant date (usd per share) $ 1.76 $ 6.96
Risk free interest rate2.53%2.40%
Expected term (in years)2 years3 years
Dividend yield0.00%0.00%
Expected volatility43.18%41.49%

Business Segment Information -

Business Segment Information - Segment Reporting Information, by Segment (Details) $ in Thousands3 Months Ended9 Months Ended
Sep. 29, 2019USD ($)Sep. 30, 2018USD ($)Sep. 29, 2019USD ($)segmentSep. 30, 2018USD ($)Dec. 30, 2018USD ($)
Segment Reporting [Abstract]
Number of operating segments | segment2
Segment Reporting Information [Line Items]
Revenues $ 164,248 $ 174,648 $ 501,481 $ 520,959
Cost of sales52,056 56,021 156,324 166,275
Restaurant wages and related expenses44,459 47,943 135,261 142,103
Restaurant rent expense11,970 9,129 35,613 26,861
Other restaurant operating expenses24,153 27,294 68,429 75,398
Advertising expense6,385 6,472 17,789 18,046
General and administrative expense13,820 13,284 42,387 41,023
Adjusted EBITDA12,154 15,037 48,132 52,172
Depreciation and amortization10,165 9,739 29,520 27,908
Capital expenditures12,402 12,635 34,073 39,923
Identifiable assets577,602 577,602 $ 418,659
Stock-based compensation expense600 700 2,100 2,600
Restaurant Wages And Related Expenses
Segment Reporting Information [Line Items]
Stock-based compensation expense102 6 145 56
General and Administrative Expense
Segment Reporting Information [Line Items]
Stock-based compensation expense509 732 1,993 2,588
Restaurant sales
Segment Reporting Information [Line Items]
Revenues163,589 173,966 499,483 518,951
Franchise revenue
Segment Reporting Information [Line Items]
Revenues659 682 1,998 2,008
Operating Segments | Pollo Tropical
Segment Reporting Information [Line Items]
Cost of sales28,239 31,219 85,855 93,716
Restaurant wages and related expenses20,944 21,947 63,387 65,652
Restaurant rent expense5,477 4,392 16,393 13,024
Other restaurant operating expenses12,807 13,521 36,665 38,270
Advertising expense3,130 3,413 9,351 9,859
General and administrative expense7,521 7,291 23,568 22,256
Adjusted EBITDA10,980 12,544 39,943 42,520
Depreciation and amortization5,529 5,438 16,118 16,117
Capital expenditures6,402 4,621 18,195 17,656
Identifiable assets348,149 348,149 207,435
Operating Segments | Pollo Tropical | Restaurant Wages And Related Expenses
Segment Reporting Information [Line Items]
Stock-based compensation expense39 4 48 23
Operating Segments | Pollo Tropical | General and Administrative Expense
Segment Reporting Information [Line Items]
Stock-based compensation expense268 407 1,196 1,458
Operating Segments | Pollo Tropical | Restaurant sales
Segment Reporting Information [Line Items]
Revenues88,309 93,592 271,955 283,447
Operating Segments | Pollo Tropical | Franchise revenue
Segment Reporting Information [Line Items]
Revenues432 453 1,325 1,376
Operating Segments | Taco Cabana
Segment Reporting Information [Line Items]
Cost of sales23,817 24,802 70,469 72,559
Restaurant wages and related expenses23,515 25,996 71,874 76,451
Restaurant rent expense6,493 4,737 19,220 13,837
Other restaurant operating expenses11,346 13,773 31,764 37,128
Advertising expense3,255 3,059 8,438 8,187
General and administrative expense6,299 5,993 18,819 18,767
Adjusted EBITDA1,174 2,493 8,189 9,652
Depreciation and amortization4,636 4,301 13,402 11,791
Capital expenditures5,015 7,489 14,982 21,400
Identifiable assets210,238 210,238 174,681
Operating Segments | Taco Cabana | Restaurant Wages And Related Expenses
Segment Reporting Information [Line Items]
Stock-based compensation expense63 2 97 33
Operating Segments | Taco Cabana | General and Administrative Expense
Segment Reporting Information [Line Items]
Stock-based compensation expense241 325 797 1,130
Operating Segments | Taco Cabana | Restaurant sales
Segment Reporting Information [Line Items]
Revenues75,280 80,374 227,528 235,504
Operating Segments | Taco Cabana | Franchise revenue
Segment Reporting Information [Line Items]
Revenues227 229 673 632
Other
Segment Reporting Information [Line Items]
Cost of sales0 0 0 0
Restaurant wages and related expenses0 0 0 0
Restaurant rent expense0 0 0 0
Other restaurant operating expenses0 0 0 0
Advertising expense0 0 0 0
General and administrative expense0 0 0 0
Adjusted EBITDA0 0 0 0
Depreciation and amortization0 0 0 0
Capital expenditures985 525 896 867
Identifiable assets19,215 19,215 $ 36,543
Other | Restaurant Wages And Related Expenses
Segment Reporting Information [Line Items]
Stock-based compensation expense0 0 0 0
Other | General and Administrative Expense
Segment Reporting Information [Line Items]
Stock-based compensation expense0 0 0 0
Other | Restaurant sales
Segment Reporting Information [Line Items]
Revenues0 0 0 0
Other | Franchise revenue
Segment Reporting Information [Line Items]
Revenues $ 0 $ 0 $ 0 $ 0

Business Segment Information _2

Business Segment Information - Reconciliation of Consolidated Net Income (Loss) to Adjusted EBITDA (Details) - USD ($) $ in Thousands3 Months Ended9 Months Ended
Sep. 29, 2019Jun. 30, 2019Mar. 31, 2019Sep. 30, 2018Jul. 01, 2018Apr. 01, 2018Sep. 29, 2019Sep. 30, 2018
Segment Reporting Information [Line Items]
Net income (loss) $ (22,182) $ (43,440) $ 2,289 $ 2,047 $ 9,493 $ 4,184 $ (63,333) $ 15,724
Benefit from income taxes(2,946)(4,892)(1,377)(246)
Income (loss) before income taxes(25,128)(2,845)(64,710)15,478
Non-general and administrative expense adjustments:
Depreciation and amortization10,165 9,739 29,520 27,908
Impairment and other lease charges3,254 6,417 4,667 6,539
Goodwill impairment21,424 0 67,909 0
Interest expense823 924 3,024 2,979
Closed restaurant rent expense, net of sublease income726 0 3,485 0
Other expense (income), net64 47 920 (3,132)
Stock-based compensation expense in restaurant wages600 700 2,100 2,600
Total non-general and administrative expense adjustments36,558 17,133 109,670 34,350
General and administrative expense adjustments:
Stock-based compensation expense600 700 2,100 2,600
Board and shareholder matter costs(597)
Restructuring costs and retention bonuses17 964 520
Legal settlements and related costs(167)
Total general and administrative expense adjustments724 749 3,172 2,344
Adjusted EBITDA12,154 15,037 48,132 52,172
Restaurant Wages And Related Expenses
Non-general and administrative expense adjustments:
Stock-based compensation expense in restaurant wages102 6 145 56
General and administrative expense adjustments:
Stock-based compensation expense102 6 145 56
General and Administrative Expense
Non-general and administrative expense adjustments:
Stock-based compensation expense in restaurant wages509 732 1,993 2,588
General and administrative expense adjustments:
Stock-based compensation expense509 732 1,993 2,588
Digital and brand repositioning costs215 215
Pollo Tropical
Non-general and administrative expense adjustments:
Impairment and other lease charges165 3,295 (162)3,439
Goodwill impairment0
Taco Cabana
Non-general and administrative expense adjustments:
Impairment and other lease charges3,089 3,122 4,829 3,100
Goodwill impairment67,177
Operating Segments | Pollo Tropical
Segment Reporting Information [Line Items]
Income (loss) before income taxes3,857 2,976 16,731 21,901
Non-general and administrative expense adjustments:
Depreciation and amortization5,529 5,438 16,118 16,117
Impairment and other lease charges165 3,295 (162)3,439
Goodwill impairment0 0
Interest expense398 448 1,534 1,467
Closed restaurant rent expense, net of sublease income601 2,784
Other expense (income), net5 (29)749 (1,577)
Total non-general and administrative expense adjustments6,737 9,156 21,071 19,469
General and administrative expense adjustments:
Board and shareholder matter costs(328)
Restructuring costs and retention bonuses5 827 187
Legal settlements and related costs(167)
Total general and administrative expense adjustments386 412 2,141 1,150
Adjusted EBITDA10,980 12,544 39,943 42,520
Operating Segments | Pollo Tropical | Restaurant Wages And Related Expenses
Non-general and administrative expense adjustments:
Stock-based compensation expense in restaurant wages39 4 48 23
General and administrative expense adjustments:
Stock-based compensation expense39 4 48 23
Operating Segments | Pollo Tropical | General and Administrative Expense
Non-general and administrative expense adjustments:
Stock-based compensation expense in restaurant wages268 407 1,196 1,458
General and administrative expense adjustments:
Stock-based compensation expense268 407 1,196 1,458
Digital and brand repositioning costs118 118
Operating Segments | Taco Cabana
Segment Reporting Information [Line Items]
Income (loss) before income taxes(28,985)(5,821)(81,441)(6,423)
Non-general and administrative expense adjustments:
Depreciation and amortization4,636 4,301 13,402 11,791
Impairment and other lease charges3,089 3,122 4,829 3,100
Goodwill impairment21,424 67,909
Interest expense425 476 1,490 1,512
Closed restaurant rent expense, net of sublease income125 701
Other expense (income), net59 76 171 (1,555)
Total non-general and administrative expense adjustments29,821 7,977 88,599 14,881
General and administrative expense adjustments:
Board and shareholder matter costs(269)
Restructuring costs and retention bonuses12 137 333
Legal settlements and related costs0
Total general and administrative expense adjustments338 337 1,031 1,194
Adjusted EBITDA1,174 2,493 8,189 9,652
Operating Segments | Taco Cabana | Restaurant Wages And Related Expenses
Non-general and administrative expense adjustments:
Stock-based compensation expense in restaurant wages63 2 97 33
General and administrative expense adjustments:
Stock-based compensation expense63 2 97 33
Operating Segments | Taco Cabana | General and Administrative Expense
Non-general and administrative expense adjustments:
Stock-based compensation expense in restaurant wages241 325 797 1,130
General and administrative expense adjustments:
Stock-based compensation expense241 325 797 1,130
Digital and brand repositioning costs97 97
Other
Segment Reporting Information [Line Items]
Income (loss) before income taxes0 0 0 0
Non-general and administrative expense adjustments:
Depreciation and amortization0 0 0 0
Impairment and other lease charges0 0 0 0
Goodwill impairment0 0
Interest expense0 0 0 0
Closed restaurant rent expense, net of sublease income0 0
Other expense (income), net0 0 0 0
Total non-general and administrative expense adjustments0 0 0 0
General and administrative expense adjustments:
Board and shareholder matter costs0
Restructuring costs and retention bonuses0 0 0
Legal settlements and related costs0
Total general and administrative expense adjustments0 0 0 0
Adjusted EBITDA0 0 0 0
Other | Restaurant Wages And Related Expenses
Non-general and administrative expense adjustments:
Stock-based compensation expense in restaurant wages0 0 0 0
General and administrative expense adjustments:
Stock-based compensation expense0 0 0 0
Other | General and Administrative Expense
Non-general and administrative expense adjustments:
Stock-based compensation expense in restaurant wages0 0 0 0
General and administrative expense adjustments:
Stock-based compensation expense0 $ 0 0 $ 0
Digital and brand repositioning costs $ 0 $ 0

Earnings (Loss) Per Share - Nar

Earnings (Loss) Per Share - Narrative (Details)3 Months Ended9 Months Ended
Sep. 30, 2018sharesSep. 30, 2018sharesSep. 29, 2019
Earnings Per Share [Abstract]
Nonvested restricted shares right to receive dividends, per share ratio to common shares1
Restricted Stock Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted average antidilutive securities excluded from computation of diluted earnings per share (in shares)568 746

Earnings (Loss) Per Share - Com

Earnings (Loss) Per Share - Computation of Basic and Diluted Net Income per Share (Details) - USD ($) $ / shares in Units, $ in Thousands3 Months Ended9 Months Ended
Sep. 29, 2019Jun. 30, 2019Mar. 31, 2019Sep. 30, 2018Jul. 01, 2018Apr. 01, 2018Sep. 29, 2019Sep. 30, 2018
Basic and diluted EPS:
Net income (loss) $ (22,182) $ (43,440) $ 2,289 $ 2,047 $ 9,493 $ 4,184 $ (63,333) $ 15,724
Less: income allocated to participating securities0 23 0 171
Net income (loss) available to common shareholders $ (22,182) $ 2,024 $ (63,333) $ 15,553
Weighted average common shares—basic26,548,116 26,954,285 26,734,822 26,900,716
Restricted stock units (in shares)0 4,589 0 4,675
Weighted average common shares—diluted26,548,116 26,958,874 26,734,822 26,905,391
Earnings per common share—basic (usd per share) $ (0.84) $ 0.08 $ (2.37) $ 0.58
Earnings per common share—diluted (usd per share) $ (0.84) $ 0.08 $ (2.37) $ 0.58

Commitments and Contingencies -

Commitments and Contingencies - Lease Assignments (Details) $ in MillionsSep. 29, 2019USD ($)lease
Loss Contingencies [Line Items]
Maximum potential liability for future rental payments | $ $ 3.3
Taco Cabana
Loss Contingencies [Line Items]
Number of leases assigned3
Pollo Tropical
Loss Contingencies [Line Items]
Number of leases assigned1