We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Dennys Corporation | NASDAQ:DENN | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.03 | 0.37% | 8.09 | 8.08 | 8.62 | 8.2975 | 8.09 | 8.21 | 750,263 | 00:02:29 |
Delaware
|
|
13-3487402
|
(State or other jurisdiction of
|
|
(I.R.S. Employer
|
incorporation or organization
|
|
Identification No.)
|
Large accelerated filer
|
þ
|
Accelerated filer
|
¨
|
Non-accelerated filer
|
¨
|
Smaller reporting company
|
¨
|
Emerging growth company
|
¨
|
|
|
|
|
(Do not check if a smaller
reporting company)
|
|
|
|
|
|
|
Page
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 27, 2017
|
|
December 28, 2016
|
||||
|
(In thousands)
|
||||||
Assets
|
|
|
|
||||
Current assets:
|
|
|
|
||||
Cash and cash equivalents
|
$
|
1,663
|
|
|
$
|
2,592
|
|
Receivables
|
17,423
|
|
|
19,841
|
|
||
Inventories
|
2,998
|
|
|
3,046
|
|
||
Assets held for sale
|
—
|
|
|
1,020
|
|
||
Prepaid and other current assets
|
8,573
|
|
|
9,408
|
|
||
Total current assets
|
30,657
|
|
|
35,907
|
|
||
Property, net of accumulated depreciation of $243,107 and $255,185, respectively
|
138,049
|
|
|
133,102
|
|
||
Goodwill
|
37,821
|
|
|
35,233
|
|
||
Intangible assets, net
|
56,075
|
|
|
54,493
|
|
||
Deferred financing costs, net
|
1,491
|
|
|
1,936
|
|
||
Deferred income taxes
|
17,966
|
|
|
17,683
|
|
||
Other noncurrent assets
|
27,167
|
|
|
27,797
|
|
||
Total assets
|
$
|
309,226
|
|
|
$
|
306,151
|
|
|
|
|
|
||||
Liabilities
|
|
|
|
|
|
||
Current liabilities:
|
|
|
|
|
|
||
Current maturities of capital lease obligations
|
$
|
3,289
|
|
|
$
|
3,285
|
|
Accounts payable
|
19,002
|
|
|
25,289
|
|
||
Other current liabilities
|
53,748
|
|
|
64,796
|
|
||
Total current liabilities
|
76,039
|
|
|
93,370
|
|
||
Long-term liabilities:
|
|
|
|
|
|
||
Long-term debt, less current maturities
|
261,800
|
|
|
218,500
|
|
||
Capital lease obligations, less current maturities
|
26,296
|
|
|
23,806
|
|
||
Liability for insurance claims, less current portion
|
13,584
|
|
|
14,853
|
|
||
Other noncurrent liabilities
|
29,104
|
|
|
26,734
|
|
||
Total long-term liabilities
|
330,784
|
|
|
283,893
|
|
||
Total liabilities
|
406,823
|
|
|
377,263
|
|
||
|
|
|
|
||||
Commitments and contingencies
|
|
|
|
||||
|
|
|
|
||||
Shareholders' equity (deficit)
|
|
|
|
|
|
||
Common stock $0.01 par value; shares authorized - 135,000; September 27, 2017: 107,554 shares issued and 65,685 shares outstanding; December 28, 2016: 107,115 shares issued and 71,358 shares outstanding
|
$
|
1,076
|
|
|
$
|
1,071
|
|
Paid-in capital
|
591,773
|
|
|
577,951
|
|
||
Deficit
|
(347,976
|
)
|
|
(382,843
|
)
|
||
Accumulated other comprehensive loss, net of tax
|
(3,323
|
)
|
|
(1,407
|
)
|
||
Shareholders’ equity before treasury stock
|
241,550
|
|
|
194,772
|
|
||
Treasury stock, at cost, 41,869 and 35,757 shares, respectively
|
(339,147
|
)
|
|
(265,884
|
)
|
||
Total shareholders' deficit
|
(97,597
|
)
|
|
(71,112
|
)
|
||
Total liabilities and shareholders' deficit
|
$
|
309,226
|
|
|
$
|
306,151
|
|
|
Quarter Ended
|
|
Three Quarters Ended
|
||||||||||||
|
September 27, 2017
|
|
September 28, 2016
|
|
September 27, 2017
|
|
September 28, 2016
|
||||||||
|
(In thousands, except per share amounts)
|
||||||||||||||
Revenue:
|
|
|
|
|
|
|
|
||||||||
Company restaurant sales
|
$
|
97,915
|
|
|
$
|
93,122
|
|
|
$
|
290,049
|
|
|
$
|
272,718
|
|
Franchise and license revenue
|
34,469
|
|
|
35,264
|
|
|
103,621
|
|
|
104,625
|
|
||||
Total operating revenue
|
132,384
|
|
|
128,386
|
|
|
393,670
|
|
|
377,343
|
|
||||
Costs of company restaurant sales:
|
|
|
|
|
|
|
|
||||||||
Product costs
|
24,896
|
|
|
22,819
|
|
|
72,798
|
|
|
67,253
|
|
||||
Payroll and benefits
|
37,332
|
|
|
35,999
|
|
|
113,221
|
|
|
104,548
|
|
||||
Occupancy
|
5,054
|
|
|
4,928
|
|
|
15,291
|
|
|
14,721
|
|
||||
Other operating expenses
|
14,040
|
|
|
13,372
|
|
|
39,544
|
|
|
37,544
|
|
||||
Total costs of company restaurant sales
|
81,322
|
|
|
77,118
|
|
|
240,854
|
|
|
224,066
|
|
||||
Costs of franchise and license revenue
|
9,493
|
|
|
10,275
|
|
|
29,483
|
|
|
31,037
|
|
||||
General and administrative expenses
|
16,446
|
|
|
17,558
|
|
|
50,536
|
|
|
50,691
|
|
||||
Depreciation and amortization
|
5,958
|
|
|
5,609
|
|
|
17,493
|
|
|
16,207
|
|
||||
Operating (gains), losses and other charges, net
|
630
|
|
|
249
|
|
|
3,459
|
|
|
24,365
|
|
||||
Total operating costs and expenses, net
|
113,849
|
|
|
110,809
|
|
|
341,825
|
|
|
346,366
|
|
||||
Operating income
|
18,535
|
|
|
17,577
|
|
|
51,845
|
|
|
30,977
|
|
||||
Interest expense, net
|
4,067
|
|
|
3,117
|
|
|
11,348
|
|
|
8,905
|
|
||||
Other nonoperating income, net
|
(286
|
)
|
|
(543
|
)
|
|
(1,053
|
)
|
|
(635
|
)
|
||||
Net income before income taxes
|
14,754
|
|
|
15,003
|
|
|
41,550
|
|
|
22,707
|
|
||||
Provision for income taxes
|
5,429
|
|
|
5,277
|
|
|
15,103
|
|
|
14,579
|
|
||||
Net income
|
$
|
9,325
|
|
|
$
|
9,726
|
|
|
$
|
26,447
|
|
|
$
|
8,128
|
|
|
|
|
|
|
|
|
|
||||||||
Basic net income per share
|
$
|
0.14
|
|
|
$
|
0.13
|
|
|
$
|
0.38
|
|
|
$
|
0.11
|
|
Diluted net income per share
|
$
|
0.13
|
|
|
$
|
0.13
|
|
|
$
|
0.37
|
|
|
$
|
0.10
|
|
|
|
|
|
|
|
|
|
||||||||
Basic weighted average shares outstanding
|
66,873
|
|
|
74,851
|
|
|
69,095
|
|
|
76,214
|
|
||||
Diluted weighted average shares outstanding
|
69,210
|
|
|
76,791
|
|
|
71,377
|
|
|
78,052
|
|
|
Quarter Ended
|
|
Three Quarters Ended
|
||||||||||||
|
September 27, 2017
|
|
September 28, 2016
|
|
September 27, 2017
|
|
September 28, 2016
|
||||||||
|
(In thousands)
|
||||||||||||||
Net income
|
$
|
9,325
|
|
|
$
|
9,726
|
|
|
$
|
26,447
|
|
|
$
|
8,128
|
|
Other comprehensive income, net of tax:
|
|
|
|
|
|
|
|
||||||||
Minimum pension liability adjustment, net of tax of $9, $8, $27 and $2,168
|
14
|
|
|
13
|
|
|
42
|
|
|
21,851
|
|
||||
Recognition of unrealized gain (loss) on hedge transactions, net of tax of $133, $20, $(1,249) and $(5,034)
|
209
|
|
|
32
|
|
|
(1,958
|
)
|
|
(7,882
|
)
|
||||
Other comprehensive income (loss)
|
223
|
|
|
45
|
|
|
(1,916
|
)
|
|
13,969
|
|
||||
Total comprehensive income
|
$
|
9,548
|
|
|
$
|
9,771
|
|
|
$
|
24,531
|
|
|
$
|
22,097
|
|
|
Common Stock
|
|
Treasury Stock
|
|
Paid-in Capital
|
|
Deficit
|
|
Accumulated
Other
Comprehensive
Loss, Net
|
|
Total
Shareholders’
Deficit
|
||||||||||||||||||
|
Shares
|
|
Amount
|
|
Shares
|
|
Amount
|
|
|
|
|
||||||||||||||||||
|
(In thousands)
|
||||||||||||||||||||||||||||
Balance, December 28, 2016
|
107,115
|
|
|
$
|
1,071
|
|
|
(35,757
|
)
|
|
$
|
(265,884
|
)
|
|
$
|
577,951
|
|
|
$
|
(382,843
|
)
|
|
$
|
(1,407
|
)
|
|
$
|
(71,112
|
)
|
Cumulative effect adjustment
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
551
|
|
|
8,420
|
|
|
—
|
|
|
8,971
|
|
||||||
Net income
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
26,447
|
|
|
—
|
|
|
26,447
|
|
||||||
Other comprehensive loss
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(1,916
|
)
|
|
(1,916
|
)
|
||||||
Share-based compensation on equity classified awards
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
6,219
|
|
|
—
|
|
|
—
|
|
|
6,219
|
|
||||||
Purchase of treasury stock
|
—
|
|
|
—
|
|
|
(5,558
|
)
|
|
(66,379
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(66,379
|
)
|
||||||
Equity forward contract settlement
|
—
|
|
|
—
|
|
|
(554
|
)
|
|
(6,884
|
)
|
|
6,884
|
|
|
—
|
|
|
—
|
|
|
—
|
|
||||||
Issuance of common stock for share-based compensation
|
398
|
|
|
4
|
|
|
—
|
|
|
—
|
|
|
(4
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
||||||
Exercise of common stock options
|
41
|
|
|
1
|
|
|
—
|
|
|
—
|
|
|
172
|
|
|
—
|
|
|
—
|
|
|
173
|
|
||||||
Balance, September 27, 2017
|
107,554
|
|
|
$
|
1,076
|
|
|
(41,869
|
)
|
|
$
|
(339,147
|
)
|
|
$
|
591,773
|
|
|
$
|
(347,976
|
)
|
|
$
|
(3,323
|
)
|
|
$
|
(97,597
|
)
|
|
Three Quarters Ended
|
||||||
|
September 27, 2017
|
|
September 28, 2016
|
||||
|
(In thousands)
|
||||||
Cash flows from operating activities:
|
|
|
|
||||
Net income
|
$
|
26,447
|
|
|
$
|
8,128
|
|
Adjustments to reconcile net income to cash flows provided by operating activities:
|
|
|
|
||||
Depreciation and amortization
|
17,493
|
|
|
16,207
|
|
||
Operating (gains), losses and other charges, net
|
3,459
|
|
|
24,365
|
|
||
Amortization of deferred financing costs
|
446
|
|
|
445
|
|
||
(Gain) loss on early extinguishments of debt and leases
|
68
|
|
|
(3
|
)
|
||
Deferred income tax expense
|
9,936
|
|
|
8,942
|
|
||
Share-based compensation
|
6,546
|
|
|
5,625
|
|
||
Changes in assets and liabilities:
|
|
|
|
||||
Decrease (increase) in assets:
|
|
|
|
||||
Receivables
|
3,279
|
|
|
2,582
|
|
||
Inventories
|
(55
|
)
|
|
108
|
|
||
Other current assets
|
834
|
|
|
6,662
|
|
||
Other assets
|
(5,068
|
)
|
|
(1,800
|
)
|
||
Increase (decrease) in liabilities:
|
|
|
|
||||
Accounts payable
|
(5,121
|
)
|
|
(83
|
)
|
||
Accrued salaries and vacations
|
(9,094
|
)
|
|
(11,006
|
)
|
||
Accrued taxes
|
1,474
|
|
|
1,647
|
|
||
Other accrued liabilities
|
(4,834
|
)
|
|
(16,627
|
)
|
||
Other noncurrent liabilities
|
(2,285
|
)
|
|
(2,060
|
)
|
||
Net cash flows provided by operating activities
|
43,525
|
|
|
43,132
|
|
||
Cash flows from investing activities:
|
|
|
|
||||
Capital expenditures
|
(13,558
|
)
|
|
(14,615
|
)
|
||
Acquisition of restaurants and real estate
|
(10,043
|
)
|
|
(12,956
|
)
|
||
Proceeds from disposition of property
|
2,318
|
|
|
1,921
|
|
||
Collections on notes receivable
|
3,773
|
|
|
1,151
|
|
||
Issuance of notes receivable
|
(2,278
|
)
|
|
(1,394
|
)
|
||
Net cash flows used in investing activities
|
(19,788
|
)
|
|
(25,893
|
)
|
||
Cash flows from financing activities:
|
|
|
|
||||
Revolver borrowings
|
105,900
|
|
|
38,000
|
|
||
Revolver payments
|
(62,600
|
)
|
|
(30,000
|
)
|
||
Long-term debt payments
|
(2,467
|
)
|
|
(2,378
|
)
|
||
Proceeds from exercise of stock options
|
173
|
|
|
492
|
|
||
Purchase of treasury stock
|
(65,951
|
)
|
|
(19,137
|
)
|
||
Net bank overdrafts
|
279
|
|
|
(4,361
|
)
|
||
Net cash flows used in financing activities
|
(24,666
|
)
|
|
(17,384
|
)
|
||
Decrease in cash and cash equivalents
|
(929
|
)
|
|
(145
|
)
|
||
Cash and cash equivalents at beginning of period
|
2,592
|
|
|
1,671
|
|
||
Cash and cash equivalents at end of period
|
$
|
1,663
|
|
|
$
|
1,526
|
|
|
September 27, 2017
|
|
December 28, 2016
|
||||
|
(In thousands)
|
||||||
Current assets:
|
|
|
|
||||
Receivables:
|
|
|
|
||||
Trade accounts receivable from franchisees
|
$
|
11,471
|
|
|
$
|
10,513
|
|
Financing receivables from franchisees
|
2,228
|
|
|
2,804
|
|
||
Vendor receivables
|
1,844
|
|
|
3,865
|
|
||
Credit card receivables
|
1,505
|
|
|
1,678
|
|
||
Other
|
656
|
|
|
1,261
|
|
||
Allowance for doubtful accounts
|
(281
|
)
|
|
(280
|
)
|
||
Total current receivables, net
|
$
|
17,423
|
|
|
$
|
19,841
|
|
|
|
|
|
||||
Noncurrent assets (included as a component of other noncurrent assets):
|
|
|
|
||||
Financing receivables from franchisees
|
$
|
479
|
|
|
$
|
732
|
|
|
(In thousands)
|
||
Balance, December 28, 2016
|
$
|
35,233
|
|
Additions related to acquisition
|
2,573
|
|
|
Adjustments related to the sale of restaurants
|
15
|
|
|
Balance, September 27, 2017
|
$
|
37,821
|
|
|
September 27, 2017
|
|
December 28, 2016
|
||||||||||||
|
Gross Carrying Amount
|
|
Accumulated Amortization
|
|
Gross Carrying Amount
|
|
Accumulated Amortization
|
||||||||
|
(In thousands)
|
||||||||||||||
Intangible assets with indefinite lives:
|
|
|
|
|
|
|
|
||||||||
Trade names
|
$
|
44,076
|
|
|
$
|
—
|
|
|
$
|
44,076
|
|
|
$
|
—
|
|
Liquor licenses
|
166
|
|
|
—
|
|
|
166
|
|
|
—
|
|
||||
Intangible assets with definite lives:
|
|
|
|
|
|
|
|
||||||||
Franchise and license agreements
|
—
|
|
|
—
|
|
|
190
|
|
|
186
|
|
||||
Reacquired franchise rights
|
14,363
|
|
|
2,530
|
|
|
11,498
|
|
|
1,251
|
|
||||
Intangible assets
|
$
|
58,605
|
|
|
$
|
2,530
|
|
|
$
|
55,930
|
|
|
$
|
1,437
|
|
|
September 27, 2017
|
|
December 28, 2016
|
||||
|
(In thousands)
|
||||||
Accrued payroll
|
$
|
18,321
|
|
|
$
|
27,056
|
|
Accrued insurance, primarily current portion of liability for insurance claims
|
6,481
|
|
|
6,651
|
|
||
Accrued taxes
|
8,880
|
|
|
7,407
|
|
||
Accrued advertising
|
6,066
|
|
|
8,051
|
|
||
Gift cards
|
4,537
|
|
|
5,474
|
|
||
Other
|
9,463
|
|
|
10,157
|
|
||
Other current liabilities
|
$
|
53,748
|
|
|
$
|
64,796
|
|
|
Quarter Ended
|
|
Three Quarters Ended
|
||||||||||||
|
September 27, 2017
|
|
September 28, 2016
|
|
September 27, 2017
|
|
September 28, 2016
|
||||||||
|
(In thousands)
|
||||||||||||||
Pension settlement loss
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
24,297
|
|
Software implementation costs
|
1,001
|
|
|
—
|
|
|
4,669
|
|
|
—
|
|
||||
Gains on sales of assets and other, net
|
(411
|
)
|
|
(77
|
)
|
|
(1,646
|
)
|
|
(764
|
)
|
||||
Restructuring charges and exit costs
|
40
|
|
|
326
|
|
|
436
|
|
|
832
|
|
||||
Operating (gains), losses and other charges, net
|
$
|
630
|
|
|
$
|
249
|
|
|
$
|
3,459
|
|
|
$
|
24,365
|
|
|
Quarter Ended
|
|
Three Quarters Ended
|
||||||||||||
|
September 27, 2017
|
|
September 28, 2016
|
|
September 27, 2017
|
|
September 28, 2016
|
||||||||
|
(In thousands)
|
||||||||||||||
Exit costs
|
$
|
40
|
|
|
$
|
154
|
|
|
$
|
366
|
|
|
$
|
269
|
|
Severance and other restructuring charges
|
—
|
|
|
172
|
|
|
70
|
|
|
563
|
|
||||
Total restructuring charges and exit costs
|
$
|
40
|
|
|
$
|
326
|
|
|
$
|
436
|
|
|
$
|
832
|
|
|
(In thousands)
|
||
Balance, December 28, 2016
|
$
|
1,896
|
|
Exit costs
(1)
|
366
|
|
|
Payments, net of sublease receipts
|
(1,067
|
)
|
|
Interest accretion
|
69
|
|
|
Balance, September 27, 2017
|
1,264
|
|
|
Less current portion included in other current liabilities
|
309
|
|
|
Long-term portion included in other noncurrent liabilities
|
$
|
955
|
|
(1)
|
Included as a component of operating (gains), losses and other charges, net.
|
|
Total
|
|
Quoted Prices in Active Markets for Identical Assets/Liabilities
(Level 1)
|
|
Significant Other Observable Inputs
(Level 2)
|
|
Significant Unobservable Inputs
(Level 3)
|
|
Valuation Technique
|
||||||||
|
(In thousands
)
|
|
|
||||||||||||||
Fair value measurements as of September 27, 2017:
|
|
|
|
|
|
|
|
|
|
||||||||
Deferred compensation plan investments
(1)
|
$
|
12,036
|
|
|
$
|
12,036
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
market approach
|
Interest rate swaps, net
(2)
|
(3,962
|
)
|
|
—
|
|
|
(3,962
|
)
|
|
—
|
|
|
income approach
|
||||
Total
|
$
|
8,074
|
|
|
$
|
12,036
|
|
|
$
|
(3,962
|
)
|
|
$
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
Fair value measurements as of December 28, 2016:
|
|
|
|
|
|
|
|
|
|
||||||||
Deferred compensation plan investments
(1)
|
$
|
11,248
|
|
|
$
|
11,248
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
market approach
|
Interest rate swaps
(2)
|
(756
|
)
|
|
—
|
|
|
(756
|
)
|
|
—
|
|
|
income approach
|
||||
Total
|
$
|
10,492
|
|
|
$
|
11,248
|
|
|
$
|
(756
|
)
|
|
$
|
—
|
|
|
|
(1)
|
The fair values of our deferred compensation plan investments are based on the closing market prices of the elected investments.
|
(2)
|
The fair values of our interest rate swaps are based upon Level 2 inputs, which include valuation models as reported by our counterparties. The key inputs for the valuation models are quoted market prices, interest rates and forward yield curves. See Note 8 for details on the interest rate swaps.
|
|
Significant Other Observable Inputs
(Level 2)
|
|
Impairment Charges
|
|
Valuation Technique
|
||||
|
(In thousands)
|
|
|
||||||
Fair value measurements as of December 28, 2016:
|
|
|
|
|
|
||||
Assets held for sale
(1)
|
$
|
1,020
|
|
|
$
|
1,098
|
|
|
market approach
|
(1)
|
As of December 28, 2016, assets were classified as assets held for sale and were written down to their fair value. The fair value of assets held for sale was based upon Level 2 inputs, which included sales agreements.
|
Period Covered
|
|
Notional Amount
|
|
Fixed Rate
|
|||
|
|
(In thousands)
|
|
|
|||
March 31, 2015 - March 29, 2018
|
|
$
|
120,000
|
|
|
3.13
|
%
|
March 29, 2018 - March 31, 2025
|
|
170,000
|
|
|
4.44
|
%
|
|
April 1, 2025 - March 31, 2026
|
|
50,000
|
|
|
4.46
|
%
|
|
Quarter Ended
|
|
Three Quarters Ended
|
||||||||||||
|
September 27, 2017
|
|
September 28, 2016
|
|
September 27, 2017
|
|
September 28, 2016
|
||||||||
|
(In thousands)
|
||||||||||||||
Pension Plan:
|
|
|
|
|
|
|
|
||||||||
Service cost
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
105
|
|
Net periodic benefit cost
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
105
|
|
|
|
|
|
|
|
|
|
||||||||
Other Defined Benefit Plans:
|
|
|
|
|
|
|
|
||||||||
Interest cost
|
$
|
20
|
|
|
$
|
23
|
|
|
$
|
62
|
|
|
$
|
69
|
|
Amortization of net loss
|
23
|
|
|
21
|
|
|
69
|
|
|
64
|
|
||||
Net periodic benefit cost
|
$
|
43
|
|
|
$
|
44
|
|
|
$
|
131
|
|
|
$
|
133
|
|
|
Quarter Ended
|
|
Three Quarters Ended
|
||||||||||||
|
September 27, 2017
|
|
September 28, 2016
|
|
September 27, 2017
|
|
September 28, 2016
|
||||||||
|
(In thousands)
|
||||||||||||||
Performance share awards
|
$
|
2,246
|
|
|
$
|
1,862
|
|
|
$
|
6,090
|
|
|
$
|
5,284
|
|
Restricted stock units for board members
|
247
|
|
|
(87
|
)
|
|
456
|
|
|
341
|
|
||||
Total share-based compensation
|
$
|
2,493
|
|
|
$
|
1,775
|
|
|
$
|
6,546
|
|
|
$
|
5,625
|
|
|
Quarter Ended
|
|
Three Quarters Ended
|
||||||||||||
|
September 27, 2017
|
|
September 28, 2016
|
|
September 27, 2017
|
|
September 28, 2016
|
||||||||
|
|
|
|
|
(In thousands, except for per share amounts)
|
||||||||||
Net income
|
$
|
9,325
|
|
|
$
|
9,726
|
|
|
$
|
26,447
|
|
|
$
|
8,128
|
|
|
|
|
|
|
|
|
|
||||||||
Weighted average shares outstanding - basic
|
66,873
|
|
|
74,851
|
|
|
69,095
|
|
|
76,214
|
|
||||
Effect of dilutive share-based compensation awards
|
2,337
|
|
|
1,940
|
|
|
2,282
|
|
|
1,838
|
|
||||
Weighted average shares outstanding - diluted
|
69,210
|
|
|
76,791
|
|
|
71,377
|
|
|
78,052
|
|
||||
|
|
|
|
|
|
|
|
||||||||
Basic net income per share
|
$
|
0.14
|
|
|
$
|
0.13
|
|
|
$
|
0.38
|
|
|
$
|
0.11
|
|
Diluted net income per share
|
$
|
0.13
|
|
|
$
|
0.13
|
|
|
$
|
0.37
|
|
|
$
|
0.10
|
|
|
|
|
|
|
|
|
|
||||||||
Anti-dilutive share-based compensation awards
|
606
|
|
|
—
|
|
|
606
|
|
|
—
|
|
|
Three Quarters Ended
|
||||||
|
September 27, 2017
|
|
September 28, 2016
|
||||
|
(In thousands)
|
||||||
Income taxes paid, net
|
$
|
5,039
|
|
|
$
|
1,140
|
|
Interest paid
|
$
|
10,547
|
|
|
$
|
8,197
|
|
|
|
|
|
||||
Noncash investing and financing activities:
|
|
|
|
||||
Property acquisition payable
|
$
|
500
|
|
|
$
|
—
|
|
Issuance of common stock, pursuant to share-based compensation plans
|
$
|
4,961
|
|
|
$
|
3,597
|
|
Execution of capital leases
|
$
|
4,959
|
|
|
$
|
7,180
|
|
Treasury stock payable
|
$
|
741
|
|
|
$
|
695
|
|
Notes received in connection with disposition of property
|
$
|
1,750
|
|
|
$
|
—
|
|
|
Pensions
|
|
Derivatives
|
|
Accumulated Other Comprehensive Loss
|
||||||
|
(In thousands)
|
||||||||||
Balance as of December 28, 2016
|
$
|
(945
|
)
|
|
$
|
(462
|
)
|
|
$
|
(1,407
|
)
|
Amortization of net loss
(1)
|
69
|
|
|
—
|
|
|
69
|
|
|||
Net change in fair value of derivatives
|
—
|
|
|
(3,091
|
)
|
|
(3,091
|
)
|
|||
Reclassification of derivatives to interest expense
(2)
|
—
|
|
|
(116
|
)
|
|
(116
|
)
|
|||
Income tax (expense) benefit related to items of other comprehensive loss
|
(27
|
)
|
|
1,249
|
|
|
1,222
|
|
|||
Balance as of September 27, 2017
|
$
|
(903
|
)
|
|
$
|
(2,420
|
)
|
|
$
|
(3,323
|
)
|
(1)
|
Before-tax amount related to our Other Defined Benefit Plans that was reclassified from accumulated other comprehensive loss and included as a component of pension expense within general and administrative expenses in our Condensed Consolidated Statements of Income during the
three quarters ended September 27, 2017
. See Note 9 for additional details.
|
(2)
|
Amounts reclassified from accumulated other comprehensive loss into income, represent payments made to the counterparty for the effective portions of the interest rate swaps. These amounts are included as a component of interest expense in our Condensed Consolidated Statements of Income. We expect to reclassify approximately
$1.0 million
from accumulated other comprehensive loss related to our interest rate swaps during the next twelve months. See Note 8 for additional details.
|
|
Quarter Ended
|
|
Three Quarters Ended
|
||||||||||||||||||||||||
|
September 27, 2017
|
|
September 28, 2016
|
|
September 27, 2017
|
|
September 28, 2016
|
||||||||||||||||||||
|
(Dollars in thousands)
|
||||||||||||||||||||||||||
Revenue:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
Company restaurant sales
|
$
|
97,915
|
|
|
74.0
|
%
|
|
$
|
93,122
|
|
|
72.5
|
%
|
|
$
|
290,049
|
|
|
73.7
|
%
|
|
$
|
272,718
|
|
|
72.3
|
%
|
Franchise and license revenue
|
34,469
|
|
|
26.0
|
%
|
|
35,264
|
|
|
27.5
|
%
|
|
103,621
|
|
|
26.3
|
%
|
|
104,625
|
|
|
27.7
|
%
|
||||
Total operating revenue
|
132,384
|
|
|
100.0
|
%
|
|
128,386
|
|
|
100.0
|
%
|
|
393,670
|
|
|
100.0
|
%
|
|
377,343
|
|
|
100.0
|
%
|
||||
Costs of company restaurant sales (a):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
Product costs
|
24,896
|
|
|
25.4
|
%
|
|
22,819
|
|
|
24.5
|
%
|
|
72,798
|
|
|
25.1
|
%
|
|
67,253
|
|
|
24.7
|
%
|
||||
Payroll and benefits
|
37,332
|
|
|
38.1
|
%
|
|
35,999
|
|
|
38.7
|
%
|
|
113,221
|
|
|
39.0
|
%
|
|
104,548
|
|
|
38.3
|
%
|
||||
Occupancy
|
5,054
|
|
|
5.2
|
%
|
|
4,928
|
|
|
5.3
|
%
|
|
15,291
|
|
|
5.3
|
%
|
|
14,721
|
|
|
5.4
|
%
|
||||
Other operating expenses
|
14,040
|
|
|
14.3
|
%
|
|
13,372
|
|
|
14.4
|
%
|
|
39,544
|
|
|
13.6
|
%
|
|
37,544
|
|
|
13.8
|
%
|
||||
Total costs of company restaurant sales
|
81,322
|
|
|
83.1
|
%
|
|
77,118
|
|
|
82.8
|
%
|
|
240,854
|
|
|
83.0
|
%
|
|
224,066
|
|
|
82.2
|
%
|
||||
Costs of franchise and license revenue
(a)
|
9,493
|
|
|
27.5
|
%
|
|
10,275
|
|
|
29.1
|
%
|
|
29,483
|
|
|
28.5
|
%
|
|
31,037
|
|
|
29.7
|
%
|
||||
General and administrative expenses
|
16,446
|
|
|
12.4
|
%
|
|
17,558
|
|
|
13.7
|
%
|
|
50,536
|
|
|
12.8
|
%
|
|
50,691
|
|
|
13.4
|
%
|
||||
Depreciation and amortization
|
5,958
|
|
|
4.5
|
%
|
|
5,609
|
|
|
4.4
|
%
|
|
17,493
|
|
|
4.4
|
%
|
|
16,207
|
|
|
4.3
|
%
|
||||
Operating (gains), losses and other charges, net
|
630
|
|
|
0.5
|
%
|
|
249
|
|
|
0.2
|
%
|
|
3,459
|
|
|
0.9
|
%
|
|
24,365
|
|
|
6.5
|
%
|
||||
Total operating costs and expenses, net
|
113,849
|
|
|
86.0
|
%
|
|
110,809
|
|
|
86.3
|
%
|
|
341,825
|
|
|
86.8
|
%
|
|
346,366
|
|
|
91.8
|
%
|
||||
Operating income
|
18,535
|
|
|
14.0
|
%
|
|
17,577
|
|
|
13.7
|
%
|
|
51,845
|
|
|
13.2
|
%
|
|
30,977
|
|
|
8.2
|
%
|
||||
Interest expense, net
|
4,067
|
|
|
3.1
|
%
|
|
3,117
|
|
|
2.4
|
%
|
|
11,348
|
|
|
2.9
|
%
|
|
8,905
|
|
|
2.4
|
%
|
||||
Other nonoperating income, net
|
(286
|
)
|
|
(0.2
|
)%
|
|
(543
|
)
|
|
(0.4
|
)%
|
|
(1,053
|
)
|
|
(0.3
|
)%
|
|
(635
|
)
|
|
(0.2
|
)%
|
||||
Net income before income taxes
|
14,754
|
|
|
11.1
|
%
|
|
15,003
|
|
|
11.7
|
%
|
|
41,550
|
|
|
10.6
|
%
|
|
22,707
|
|
|
6.0
|
%
|
||||
Provision for income taxes
|
5,429
|
|
|
4.1
|
%
|
|
5,277
|
|
|
4.1
|
%
|
|
15,103
|
|
|
3.8
|
%
|
|
14,579
|
|
|
3.9
|
%
|
||||
Net income
|
$
|
9,325
|
|
|
7.0
|
%
|
|
$
|
9,726
|
|
|
7.6
|
%
|
|
$
|
26,447
|
|
|
6.7
|
%
|
|
$
|
8,128
|
|
|
2.2
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
Other Data:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Company average unit sales
|
$
|
577
|
|
|
|
|
|
$
|
573
|
|
|
|
|
|
$
|
1,706
|
|
|
|
|
|
$
|
1,689
|
|
|
|
|
Franchise average unit sales
|
$
|
403
|
|
|
|
|
|
$
|
396
|
|
|
|
|
|
$
|
1,188
|
|
|
|
|
|
$
|
1,174
|
|
|
|
|
Company equivalent units (b)
|
170
|
|
|
|
|
|
163
|
|
|
|
|
|
170
|
|
|
|
|
|
161
|
|
|
|
|
||||
Franchise equivalent units (b)
|
1,550
|
|
|
|
|
|
1,560
|
|
|
|
|
|
1,557
|
|
|
|
|
|
1,554
|
|
|
|
|
||||
Company same-store sales increase (c)(d)
|
0.6
|
%
|
|
|
|
|
1.0
|
%
|
|
|
|
|
0.6
|
%
|
|
|
|
|
1.5
|
%
|
|
|
|
||||
Domestic franchise same-store sales increase (c)(d)
|
0.6
|
%
|
|
|
|
|
1.0
|
%
|
|
|
|
|
0.7
|
%
|
|
|
|
|
0.9
|
%
|
|
|
|
(a)
|
Costs of company restaurant sales percentages are as a percentage of company restaurant sales. Costs of franchise and license revenue percentages are as a percentage of franchise and license revenue. All other percentages are as a percentage of total operating revenue.
|
(b)
|
Equivalent units are calculated as the weighted average number of units outstanding during a defined time period.
|
(c)
|
Same-store sales include sales from restaurants that were open the same period in the prior year.
|
(d)
|
Prior year amounts have not been restated for
2017
comparable units.
|
|
Quarter Ended
|
|
Three Quarters Ended
|
||||||||
|
September 27, 2017
|
|
September 28, 2016
|
|
September 27, 2017
|
|
September 28, 2016
|
||||
Company restaurants, beginning of period
|
172
|
|
|
162
|
|
|
169
|
|
|
164
|
|
Units opened
|
1
|
|
|
—
|
|
|
2
|
|
|
1
|
|
Units acquired from franchisees
|
1
|
|
|
6
|
|
|
7
|
|
|
9
|
|
Units sold to franchisees
|
—
|
|
|
—
|
|
|
(4
|
)
|
|
(6
|
)
|
Units closed
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
End of period
|
174
|
|
|
168
|
|
|
174
|
|
|
168
|
|
|
|
|
|
|
|
|
|
||||
Franchised and licensed restaurants, beginning of period
|
1,552
|
|
|
1,558
|
|
|
1,564
|
|
|
1,546
|
|
Units opened
|
8
|
|
|
13
|
|
|
23
|
|
|
37
|
|
Units purchased from Company
|
—
|
|
|
—
|
|
|
4
|
|
|
6
|
|
Units acquired by Company
|
(1
|
)
|
|
(6
|
)
|
|
(7
|
)
|
|
(9
|
)
|
Units closed
|
(8
|
)
|
|
(5
|
)
|
|
(33
|
)
|
|
(20
|
)
|
End of period
|
1,551
|
|
|
1,560
|
|
|
1,551
|
|
|
1,560
|
|
Total restaurants, end of period
|
1,725
|
|
|
1,728
|
|
|
1,725
|
|
|
1,728
|
|
|
Quarter Ended
|
|
Three Quarters Ended
|
||||||||||||||||||||||||
|
September 27, 2017
|
|
September 28, 2016
|
|
September 27, 2017
|
|
September 28, 2016
|
||||||||||||||||||||
|
(Dollars in thousands)
|
||||||||||||||||||||||||||
Utilities
|
$
|
3,767
|
|
|
3.8
|
%
|
|
$
|
3,429
|
|
|
3.7
|
%
|
|
$
|
9,873
|
|
|
3.4
|
%
|
|
$
|
9,232
|
|
|
3.4
|
%
|
Repairs and maintenance
|
1,642
|
|
|
1.7
|
%
|
|
1,559
|
|
|
1.7
|
%
|
|
4,972
|
|
|
1.7
|
%
|
|
4,893
|
|
|
1.8
|
%
|
||||
Marketing
|
3,740
|
|
|
3.8
|
%
|
|
3,500
|
|
|
3.8
|
%
|
|
10,982
|
|
|
3.8
|
%
|
|
10,123
|
|
|
3.7
|
%
|
||||
Other direct costs
|
4,891
|
|
|
5.0
|
%
|
|
4,884
|
|
|
5.2
|
%
|
|
13,717
|
|
|
4.7
|
%
|
|
13,296
|
|
|
4.9
|
%
|
||||
Other operating expenses
|
$
|
14,040
|
|
|
14.3
|
%
|
|
$
|
13,372
|
|
|
14.4
|
%
|
|
$
|
39,544
|
|
|
13.6
|
%
|
|
$
|
37,544
|
|
|
13.8
|
%
|
|
Quarter Ended
|
|
Three Quarters Ended
|
||||||||||||||||||||||||
|
September 27, 2017
|
|
September 28, 2016
|
|
September 27, 2017
|
|
September 28, 2016
|
||||||||||||||||||||
|
(Dollars in thousands)
|
||||||||||||||||||||||||||
Royalties
|
$
|
25,174
|
|
|
73.0
|
%
|
|
$
|
25,039
|
|
|
71.0
|
%
|
|
$
|
75,056
|
|
|
72.4
|
%
|
|
$
|
73,694
|
|
|
70.4
|
%
|
Initial fees
|
507
|
|
|
1.5
|
%
|
|
757
|
|
|
2.1
|
%
|
|
1,579
|
|
|
1.5
|
%
|
|
2,081
|
|
|
2.0
|
%
|
||||
Occupancy revenue
|
8,788
|
|
|
25.5
|
%
|
|
9,468
|
|
|
26.8
|
%
|
|
26,986
|
|
|
26.0
|
%
|
|
28,850
|
|
|
27.6
|
%
|
||||
Franchise and license revenue
|
$
|
34,469
|
|
|
100.0
|
%
|
|
$
|
35,264
|
|
|
100.0
|
%
|
|
$
|
103,621
|
|
|
100.0
|
%
|
|
$
|
104,625
|
|
|
100.0
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
Occupancy costs
|
$
|
6,343
|
|
|
18.4
|
%
|
|
$
|
7,023
|
|
|
19.9
|
%
|
|
$
|
19,420
|
|
|
18.7
|
%
|
|
$
|
21,373
|
|
|
20.4
|
%
|
Other direct costs
|
3,150
|
|
|
9.1
|
%
|
|
3,252
|
|
|
9.2
|
%
|
|
10,063
|
|
|
9.7
|
%
|
|
9,664
|
|
|
9.2
|
%
|
||||
Costs of franchise and license revenue
|
$
|
9,493
|
|
|
27.5
|
%
|
|
$
|
10,275
|
|
|
29.1
|
%
|
|
$
|
29,483
|
|
|
28.5
|
%
|
|
$
|
31,037
|
|
|
29.7
|
%
|
|
Quarter Ended
|
|
Three Quarters Ended
|
||||||||||||
|
September 27, 2017
|
|
September 28, 2016
|
|
September 27, 2017
|
|
September 28, 2016
|
||||||||
|
(In thousands)
|
||||||||||||||
Share-based compensation
|
$
|
2,493
|
|
|
$
|
1,775
|
|
|
$
|
6,546
|
|
|
$
|
5,625
|
|
Other general and administrative expenses
|
13,953
|
|
|
15,783
|
|
|
43,990
|
|
|
45,066
|
|
||||
Total general and administrative expenses
|
$
|
16,446
|
|
|
$
|
17,558
|
|
|
$
|
50,536
|
|
|
$
|
50,691
|
|
|
Quarter Ended
|
|
Three Quarters Ended
|
||||||||||||
|
September 27, 2017
|
|
September 28, 2016
|
|
September 27, 2017
|
|
September 28, 2016
|
||||||||
|
(In thousands)
|
||||||||||||||
Depreciation of property and equipment
|
$
|
4,261
|
|
|
$
|
4,289
|
|
|
$
|
12,711
|
|
|
$
|
12,568
|
|
Amortization of capital lease assets
|
1,021
|
|
|
941
|
|
|
3,011
|
|
|
2,629
|
|
||||
Amortization of intangible and other assets
|
676
|
|
|
379
|
|
|
1,771
|
|
|
1,010
|
|
||||
Total depreciation and amortization expense
|
$
|
5,958
|
|
|
$
|
5,609
|
|
|
$
|
17,493
|
|
|
$
|
16,207
|
|
|
Quarter Ended
|
|
Three Quarters Ended
|
||||||||||||
|
September 27, 2017
|
|
September 28, 2016
|
|
September 27, 2017
|
|
September 28, 2016
|
||||||||
|
(In thousands)
|
||||||||||||||
Pension settlement loss
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
24,297
|
|
Software implementation costs
|
1,001
|
|
|
—
|
|
|
4,669
|
|
|
—
|
|
||||
Gains on sales of assets and other, net
|
(411
|
)
|
|
(77
|
)
|
|
(1,646
|
)
|
|
(764
|
)
|
||||
Restructuring charges and exit costs
|
40
|
|
|
326
|
|
|
436
|
|
|
832
|
|
||||
Operating (gains), losses and other charges, net
|
$
|
630
|
|
|
$
|
249
|
|
|
$
|
3,459
|
|
|
$
|
24,365
|
|
|
Quarter Ended
|
|
Three Quarters Ended
|
||||||||||||
|
September 27, 2017
|
|
September 28, 2016
|
|
September 27, 2017
|
|
September 28, 2016
|
||||||||
|
(In thousands)
|
||||||||||||||
Exit costs
|
$
|
40
|
|
|
$
|
154
|
|
|
$
|
366
|
|
|
$
|
269
|
|
Severance and other restructuring charges
|
—
|
|
|
172
|
|
|
70
|
|
|
563
|
|
||||
Total restructuring and exit costs
|
$
|
40
|
|
|
$
|
326
|
|
|
$
|
436
|
|
|
$
|
832
|
|
|
Quarter Ended
|
|
Three Quarters Ended
|
||||||||||||
|
September 27, 2017
|
|
September 28, 2016
|
|
September 27, 2017
|
|
September 28, 2016
|
||||||||
|
(In thousands)
|
||||||||||||||
Interest on credit facilities
|
$
|
2,078
|
|
|
$
|
1,158
|
|
|
$
|
5,333
|
|
|
$
|
3,352
|
|
Interest on interest rate swaps
|
(30
|
)
|
|
193
|
|
|
116
|
|
|
614
|
|
||||
Interest on capital lease liabilities
|
1,470
|
|
|
1,287
|
|
|
4,286
|
|
|
3,389
|
|
||||
Letters of credit and other fees
|
303
|
|
|
304
|
|
|
886
|
|
|
895
|
|
||||
Interest income
|
(21
|
)
|
|
(73
|
)
|
|
(85
|
)
|
|
(100
|
)
|
||||
Total cash interest
|
3,800
|
|
|
2,869
|
|
|
10,536
|
|
|
8,150
|
|
||||
Amortization of deferred financing costs
|
149
|
|
|
149
|
|
|
446
|
|
|
445
|
|
||||
Interest accretion on other liabilities
|
118
|
|
|
99
|
|
|
366
|
|
|
310
|
|
||||
Total interest expense, net
|
$
|
4,067
|
|
|
$
|
3,117
|
|
|
$
|
11,348
|
|
|
$
|
8,905
|
|
|
Three Quarters Ended
|
||||||
|
September 27, 2017
|
|
September 28, 2016
|
||||
|
(In thousands)
|
||||||
Net cash provided by operating activities
|
$
|
43,525
|
|
|
$
|
43,132
|
|
Net cash used in investing activities
|
(19,788
|
)
|
|
(25,893
|
)
|
||
Net cash used in financing activities
|
(24,666
|
)
|
|
(17,384
|
)
|
||
Decrease in cash and cash equivalents
|
$
|
(929
|
)
|
|
$
|
(145
|
)
|
|
Three Quarters Ended
|
||||||
|
September 27, 2017
|
|
September 28, 2016
|
||||
|
(In thousands)
|
||||||
Facilities
|
$
|
5,243
|
|
|
$
|
5,615
|
|
New construction
|
5,208
|
|
|
2,958
|
|
||
Remodeling
|
1,521
|
|
|
4,714
|
|
||
Information technology
|
338
|
|
|
803
|
|
||
Other
|
1,248
|
|
|
525
|
|
||
Capital expenditures (excluding acquisitions)
|
$
|
13,558
|
|
|
$
|
14,615
|
|
Period Covered
|
|
Notional Amount
|
|
Fixed Rate
|
|||
|
|
(In thousands)
|
|
|
|||
March 31, 2015 - March 29, 2018
|
|
$
|
120,000
|
|
|
3.13
|
%
|
March 29, 2018 - March 31, 2025
|
|
170,000
|
|
|
4.44
|
%
|
|
April 1, 2025 - March 31, 2026
|
|
50,000
|
|
|
4.46
|
%
|
Period
|
Total Number of Shares Purchased
|
|
Average Price Paid Per Share
(1)
|
|
Total Number of Shares Purchased as Part of Publicly Announced Programs
(2)
|
|
Approximate Dollar Value of Shares that May Yet be Purchased Under the Programs
(2)
|
||||||
|
(In thousands, except per share amounts)
|
|
|
||||||||||
June 29, 2017 - July 26, 2017
|
852
|
|
|
$
|
11.57
|
|
|
852
|
|
|
$
|
32,579
|
|
July 27, 2017 - August 23, 2017
|
745
|
|
|
11.99
|
|
|
745
|
|
|
$
|
23,633
|
|
|
August 24, 2017 - September 27, 2017
|
915
|
|
|
11.83
|
|
|
915
|
|
|
$
|
12,791
|
|
|
Total
|
2,512
|
|
|
$
|
11.79
|
|
|
2,512
|
|
|
|
(1)
|
Average price paid per share excludes commissions.
|
(2)
|
On May 26, 2016, we announced that our Board of Directors approved a new share repurchase program, authorizing us to repurchase up to an additional $100 million of our common stock (in addition to prior authorizations). Such repurchases may take place from time to time on the open market (including pre-arranged stock trading plans in accordance with the guidelines specified in Rule 10b5-1 under the Exchange Act) or in privately negotiated transactions, subject to market and business conditions. During the quarter ended
September 27, 2017
, we purchased
2,512,130
shares of our common stock for an aggregate consideration of approximately
$29.7 million
, pursuant to the share repurchase program. On October 27, 2017, the Board of Directors of Denny’s Corporation approved a new share repurchase program authorizing the Company to repurchase an additional
$200 million
of its common stock, in addition to repurchases previously authorized. As of October 27, 2017, the Company has approximately
$7.6 million
remaining available in its current
$100 million
share stock repurchase program announced in May 2016.
|
Exhibit No.
|
|
Description
|
|
|
|
10.1
|
|
|
|
|
|
10.2
|
|
|
|
|
|
31.1
|
|
|
|
|
|
31.2
|
|
|
|
|
|
32.1
|
|
|
|
|
|
101.INS
|
|
XBRL Instance Document
|
|
|
|
101.SCH
|
|
XBRL Taxonomy Extension Schema Document
|
|
|
|
101.CAL
|
|
XBRL Taxonomy Extension Calculation Linkbase Document
|
|
|
|
101.LAB
|
|
XBRL Taxonomy Extension Label Linkbase Document
|
|
|
|
101.PRE
|
|
XBRL Taxonomy Extension Presentation Linkbase Document
|
|
|
|
101.DEF
|
|
XBRL Taxonomy Extension Definition Linkbase Document
|
|
|
DENNY'S CORPORATION
|
|
|
|
|
|
|
|
Date:
|
November 1, 2017
|
By:
|
/s/ F. Mark Wolfinger
|
|
|
|
|
F. Mark Wolfinger
|
|
|
|
|
Executive Vice President,
Chief Administrative Officer and
Chief Financial Officer
|
|
|
|
|
|
|
Date:
|
November 1, 2017
|
By:
|
/s/ Jay C. Gilmore
|
|
|
|
|
Jay C. Gilmore
|
|
|
|
|
Vice President,
Chief Accounting Officer and
Corporate Controller
|
|
1 Year Dennys Chart |
1 Month Dennys Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions