Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies Recent Accounting Pronouncements (Tables)

v3.20.1
Summary of Significant Accounting Policies Recent Accounting Pronouncements (Tables)
 12 Months Ended
Dec. 29, 2019
Recent Accounting Pronouncements [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
The effect of the changes made to the Company's condensed consolidated balance sheet as of December 31, 2018 for the adoption of ASU 2016-02 Leases (Topic 842) are as follows:
Assets
December 30, 2018
 
Adoption of Leases (Topic 842)
 
December 31, 2018
Non-current assets:
 
 
 
 
 
Operating lease assets
—

 
170,316

 
170,316

Other assets and intangible assets, net
2,425

 
(2,093
)
 
332

 
 
 
 
 
 
Liabilities and Stockholders' Equity
 
 
 
 
 
Current Liabilities:
 
 
 
 
 
Operating lease liability
—

 
8,694

 
8,694

Deferred lease incentives
2,959

 
(2,959
)
 
—

Non-current liabilities:
 
 
 
 
 
Deferred tax liability, less current portion
2,601

 
(106
)
 
2,495

Accrued deferred rent
14,516

 
(14,516
)
 
—

Deferred lease incentives, less current portion
39,473

 
(39,473
)
 
—

Operating lease liabilities, less current portion
—

 
216,932

 
216,932

Stockholders' equity:
 
 
 
 
 
Retained earnings
94,192

 
(349
)
 
93,843