BJ's Restaurants (BJRI) 10-Q 4 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	1-May-15
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Mar-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Trading Symbol	BJRI
Entity Registrant Name	BJs RESTAURANTS INC
Entity Central Index Key	1013488
Current Fiscal Year End Date	-18
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		26,226,323

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Mar. 31, 2015	Dec. 30, 2014
In Thousands, unless otherwise specified
Current assets:
Cash and cash equivalents	$25,961	$30,683
Accounts and other receivables	17,594	18,796
Inventories	7,823	8,010
Prepaids and other current assets	7,676	9,234
Deferred income taxes	14,595	14,595
Total current assets	73,649	81,318
Property and equipment, net	543,751	541,349
Goodwill	4,673	4,673
Other assets, net	21,368	19,743
Total assets	643,441	647,083
Current liabilities:
Accounts payable	32,823	34,395
Accrued expenses	76,125	72,630
Total current liabilities	108,948	107,025
Deferred income taxes	39,139	38,974
Deferred rent	25,675	24,803
Deferred lease incentives	53,203	51,705
Long-term debt	38,600	58,000
Other liabilities	18,654	17,887
Total liabilities	284,219	298,394
Commitments and contingencies
Shareholders' equity:
Preferred stock, 5,000 shares authorized, none issued or outstanding	0	0
Common stock, no par value, 125,000 shares authorized and 26,347 and 26,229 shares issued and outstanding as of March 31, 2015 and December 30, 2014, respectively	91,348	93,971
Capital surplus	57,758	54,217
Retained earnings	210,116	200,501
Total shareholders' equity	359,222	348,689
Total liabilities and shareholders' equity	$643,441	$647,083

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 30, 2014
Statement of Financial Position [Abstract]
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Common stock, par value	$0	$0
Common stock, shares authorized	125,000,000	125,000,000
Common stock, shares issued	26,347,000	26,229,000
Common stock, shares outstanding	26,347,000	26,229,000

Consolidated_Statements_of_Inc

Consolidated Statements of Income (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Apr. 01, 2014
Income Statement [Abstract]
Revenues	$225,069	$205,822
Costs and expenses:
Cost of sales	56,171	51,187
Labor and benefits	79,695	74,396
Occupancy and operating	46,590	45,074
General and administrative	13,493	12,826
Depreciation and amortization	14,361	13,452
Restaurant opening	1,284	1,128
Loss on disposal of assets	383	422
Legal and other settlements		1,550
Total costs and expenses	211,977	200,035
Income from operations	13,092	5,787
Other income:
Interest (expense) income, net	-241	7
Other income, net	336	386
Total other income	95	393
Income before income taxes	13,187	6,180
Income tax expense	3,572	1,522
Net income	$9,615	$4,658
Net income per share:
Basic	$0.37	$0.16
Diluted	$0.36	$0.16
Weighted average number of shares outstanding:
Basic	26,310	28,369
Diluted	26,916	28,978

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Apr. 01, 2014
Cash flows from operating activities:
Net income	$9,615		$4,658
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	14,361		13,452
Deferred income taxes	165		1,596
Stock-based compensation expense	1,259		1,242
Loss on disposal of assets	383		422
Changes in assets and liabilities:
Accounts and other receivables	3,401		-78
Landlord contribution for tenant improvements	-2,199		400
Inventories	187		298
Prepaids and other current assets	1,483		896
Other assets	-1,756		-333
Accounts payable	-2,702		-1,417
Accrued expenses	3,495		8,395
Deferred rent	872		608
Deferred lease incentives	1,498		-984
Other liabilities	767		226
Net cash provided by operating activities	30,829		29,381
Cash flows from investing activities:
Purchases of property and equipment	-15,750		-24,648
Proceeds from sale of assets			4,932
Proceeds from marketable securities sold			2,838
Purchases of marketable securities			-3,300
Net cash used in investing activities	-15,750		-20,178
Cash flows from financing activities:
Borrowings on line of credit	30,100
Payments on line of credit	-49,500
Excess tax benefit from stock-based compensation	2,355		1,167
Taxes paid on vested stock units under employee plans	-133		-314
Proceeds from exercise of stock options	4,151		1,818
Repurchases of common stock	-6,774
Net cash (used in)/provided by financing activities	-19,801		2,671
Net (decrease)/increase in cash and cash equivalents	-4,722		11,874
Cash and cash equivalents, beginning of period	30,683		22,995
Cash and cash equivalents, end of period	25,961		34,869
Supplemental disclosure of cash flow information:
Cash paid for income taxes	6,336		2,012
Cash paid for interest, net of capitalized interest	175
Supplemental disclosure of non-cash investing and financing activities:
Fixed assets acquired by accounts payable	11,424		6,997
Stock-based compensation capitalized	$60	[1]	$43	[1]
[1]	Capitalized stock-based compensation is included in "Property and equipment, net" on the Consolidated Balance Sheets.

Basis_of_Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Basis of Presentation	1. BASIS OF PRESENTATION
	The accompanying unaudited consolidated financial statements include the accounts of BJ’s Restaurants, Inc. (referred to herein as the “Company” or in the first person notations “we,” “us” and “our”) and our wholly owned subsidiaries. The financial statements presented herein include all material adjustments (consisting of normal recurring adjustments) which are, in the opinion of management, necessary for a fair statement of the financial condition, results of operations and cash flows for the period. Our consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. The preparation of financial statements in accordance with U.S. GAAP requires us to make certain estimates and assumptions for the reporting periods covered by the financial statements. These estimates and assumptions affect the reported amounts of assets, liabilities, revenues and expenses. Actual amounts could differ from these estimates.
	Certain information and footnote disclosures normally included in consolidated financial statements in accordance with U.S. GAAP have been omitted pursuant to requirements of the U.S. Securities and Exchange Commission (“SEC”). A description of our accounting policies and other financial information is included in our audited consolidated financial statements as filed with the SEC on Form 10-K for the year ended December 30, 2014. We believe that the disclosures included in our accompanying interim financial statements and footnotes are adequate to make the information not misleading, but should be read in conjunction with our consolidated financial statements and notes thereto included in the Annual Report on Form 10-K. The accompanying consolidated balance sheet as of December 30, 2014, has been derived from our audited consolidated financial statements.
	Recent Accounting Pronouncements
	In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (Topic 606). This update provides a comprehensive new revenue recognition model that requires a company to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. Additionally, this guidance expands related disclosure requirements. ASU 2014-09 is effective for annual and interim reporting periods beginning after December 15, 2016, and early application is not permitted. This update permits the use of either the retrospective or cumulative effect transition method. In April 2015, the FASB proposed a one-year deferral of the effective date; however, the deferral has not yet been approved. We are currently evaluating the impact this guidance will have on our consolidated financial statements as well as the expected adoption method.
	In August 2014, the FASB issued ASU 2014-15, Disclosure of Uncertainties about an Entity’s Going Concern (Subtopic 205-40). This update requires management to evaluate whether there are conditions and events that raise substantial doubt about an entity’s ability to continue as a going concern within one year after the financial statements are issued. Management is required to make this evaluation for both annual and interim reporting periods and must disclose whether its plans alleviate that doubt. ASU 2014-15 is effective for annual periods ending after December 15, 2016, and for interim periods beginning after December 15, 2016, and early adoption is permitted. We do not believe the adoption of ASU 2014-15 will have a material impact on our consolidated financial statements.
	In April, 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs (Subtopic 835-30). This update requires debt issuance costs to be presented in the balance sheet as a direct deduction from the associated debt liability. Currently, debt issuance costs are recorded as an asset and amortization of these deferred financing costs is recorded in interest expense. Under the new standard, debt issuance costs will continue to be amortized over the life of the debt instrument and amortization will continue to be recorded in interest expense. ASU 2015-03 is effective for the Company on January 1, 2016, and will be applied on a retrospective basis. We are currently evaluating the impact this guidance will have on our consolidated financial statements and only anticipate a change in our presentation since the standard does not alter the accounting for debt issuance costs.

Marketable_Securities

Marketable Securities	3 Months Ended
	Mar. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Marketable Securities	2. MARKETABLE SECURITIES
	During fiscal 2014, all investments were liquidated. Prior to that, all highly liquid investments with maturities of three months or less at the date of purchase were classified as cash equivalents and included with “Cash and cash equivalents” on our accompanying Consolidated Balance Sheets. Marketable securities, which we had the intent and ability to hold until maturity, were classified as held-to-maturity securities and reported at amortized cost, which approximated fair value.
	Additionally, our investment policy restricted the investment of our excess cash balances to instruments with historically minimal volatility, such as money market funds, U.S. Treasury and direct agency obligations, municipal and bank securities, and investment-grade corporate debt securities. We determined the appropriate classification of our marketable securities at the time of purchase and reevaluated the held-to-maturity or available-for-sale designations as of each balance sheet date. Marketable securities were classified as either short-term or long-term based on each instrument’s underlying contractual maturity date or the expected put date. Marketable securities with maturities or expected put dates of 12 months or less were classified as short-term and marketable securities with maturities or expected put dates greater than 12 months were classified as long-term. Gains or losses were determined on the specific identification cost method and recorded in earnings when realized.

LongTerm_Debt

Long-Term Debt	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Long-Term Debt	3. LONG-TERM DEBT
	Line of Credit
	On September 3, 2014, we entered into a new loan agreement (“Credit Facility”) which amended and restated in its entirety our prior loan agreement dated February 17, 2012. This Credit Facility, which matures on September 3, 2019, provides us with revolving loan commitments totaling $150 million, of which $50 million may be used for issuances of letters of credit. Availability under the Credit Facility is reduced by outstanding letters of credit, which are used to support our self-insurance programs. The Credit Facility contains a commitment increase feature that could provide for an additional $50 million in available credit upon our request and the satisfaction of certain conditions. Our obligations under the Credit Facility are unsecured. As of March 31, 2015, there were borrowings of $38.6 million outstanding under the Credit Facility and there were outstanding letters of credit totaling approximately $14.0 million. The Credit Facility bears interest at either our choice of LIBOR plus a percentage not to exceed 1.75%, or at a rate ranging from Bank of America’s publicly announced prime rate to 0.75% above Bank of America’s prime rate, based on our level of lease and debt obligations as compared to EBITDA and lease expenses. At March 31, 2015, interest paid on the borrowings under the Credit Facility was approximately $0.2 million. The weighted average interest rate was approximately 1.42%.
	The Credit Facility contains provisions requiring us to maintain compliance with certain financial and non-financial covenants, including a Fixed Charge Coverage Ratio and a Lease Adjusted Leverage Ratio. At March 31, 2015, we were in compliance with these covenants.

Net_Income_Per_Share

Net Income Per Share	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Net Income Per Share	4. NET INCOME PER SHARE
	Basic net income per share is computed by dividing the net income attributable to common shareholders by the weighted average number of common shares outstanding during the period. Diluted net income per share reflects the potential dilution that could occur if stock options issued by us to sell common stock at set prices were exercised and if restrictions on restricted stock units issued by us were to lapse (collectively, equity awards) using the treasury stock method. Performance-based restricted stock units have been excluded from the diluted computation because the performance-based criteria have not been met. The consolidated financial statements present basic and diluted net income per share.
	The following table presents a reconciliation of basic and diluted net income per share computations and the number of dilutive equity awards (stock options and restricted stock units) that were included in the dilutive net income per share computation (in thousands):
		For The Thirteen
		Weeks Ended
		March 31,		April 1,
		2015		2014
	Numerator:
	Net income for basic and diluted net income per share	$	9,615	$	4,658
	Denominator:
	Weighted-average shares outstanding – basic		26,310		28,369
	Dilutive effect of equity awards		606		609
	Weighted-average shares outstanding – diluted		26,916		28,978
	For the thirteen weeks ended March 31, 2015 and April 1, 2014, there were approximately 0.1 million and 0.8 million shares of common stock equivalents, respectively, that have been excluded from the calculation of diluted net income per share because they are anti-dilutive.

Related_Party

Related Party	3 Months Ended
	Mar. 31, 2015
Related Party Transactions [Abstract]
Related Party	5. RELATED PARTY
	As of March 31, 2015, we believe that Jacmar Companies and their affiliates (collectively referred to herein as “Jacmar”) owned approximately 12.0% of our outstanding common stock. In addition, James Dal Pozzo, the Chief Executive Officer of Jacmar, is a member of our Board of Directors. We also understand that Jacmar and its affiliates are the controlling shareholders of the Shakey’s pizza parlor chain. Jacmar, through its affiliation with DMA, is currently our largest supplier of food, beverage, paper products and supplies. We began using DMA for our national foodservice distribution in July 2006. In July 2012, we finalized a new five-year agreement with DMA, after conducting another extensive competitive bidding process. Jacmar services our restaurants in California and Nevada, while other DMA distributors service our restaurants in all other states. We believe that Jacmar sells products to us at prices comparable to those offered by unrelated third parties based on our competitive bidding process. Jacmar supplied us with $21.6 million and $20.9 million of food, beverage, paper products and supplies for the thirteen weeks ended March 31, 2015 and April 1, 2014, respectively, which represents 21.1% and 21.8% of our total costs of sales and operating and occupancy costs, respectively. We had trade payables related to these products of $5.4 million and $4.0 million, at March 31, 2015 and December 30, 2014, respectively. Jacmar does not provide us with any produce, liquor, wine or beer products, all of which are provided by other vendors and are included in “Cost of sales” on the Consolidated Statements of Income.

StockBased_Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	6. STOCK-BASED COMPENSATION
	Our shareholder approved stock-based compensation plan is the 2005 Equity Incentive Plan (“the Plan”). Under the Plan, we may issue shares of our common stock to employees, officers, directors and consultants. We have granted incentive stock options, non-qualified stock options and time-based restricted stock units (“RSUs”). In fiscal 2014, we also issued performance-based RSUs. Shares subject to stock options and stock appreciation rights are charged against the Plan share reserve on the basis of one share for each one share granted while shares subject to other types of awards, including restricted stock units, are currently charged against the Plan share reserve on the basis of 1.5 shares for each one share granted. The Plan also contains other limits with respect to the terms of different types of incentive awards and with respect to the number of shares subject to awards that can be granted to an employee during any fiscal year. All options granted under the Plan expire within 10 years of their date of grant.
	Under the Plan, we issue time-based and performance-based RSUs as a component of the annual equity grant award to officers and other employees and in connection with the BJ’s Gold Standard Stock Ownership Program (the “GSSOP”). The GSSOP is a longer-term equity incentive program for our restaurant general managers, executive kitchen mangers and restaurant field supervision that utilizes Company RSUs or stock options and is dependent on each participant’s extended service with us in their respective positions while remaining in good standing during that service period (i.e., five years).
	The Plan permits us to set the vesting terms and exercise period for awards at our discretion. Stock options generally vest at 20% per year or cliff vest, either ratably in years three through five or 100% in year five, and expire ten years from date of grant. Time-based RSUs generally vest at 20% per year for non-GSSOP RSU grantees and generally cliff vest either at 33% on the third anniversary and 67% on the fifth anniversary or at 100% after the fifth anniversary for GSSOP participants. Performance-based RSUs generally cliff vest on the third anniversary of the date of grant if the targets have been achieved.
	The following table presents information related to stock-based compensation (in thousands):
			For The Thirteen
			Weeks Ended
			March 31,			April 1,
			2015			2014
	Labor and benefits		$	339		$	517
	General and administrative		$	920		$	725
	Capitalized (1)		$	60		$	43
	-1	Capitalized stock-based compensation is included in “Property and equipment, net” on the Consolidated Balance Sheets.
	Stock Options
	The fair value of each stock option grant issued is estimated at the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions:
			For the Thirteen Weeks Ended
			March 31,			April 1,
			2015			2014
	Expected volatility			37.1	%		37.9	%
	Risk free interest rate			1.4	%		1.6	%
	Expected option life			5 years			5 years
	Dividend yield			0	%		0	%
	Fair value of options granted		$	16.45		$	10.63
	U.S. GAAP requires us to make certain assumptions and judgments regarding the grant date fair value. These judgments include expected volatility, risk free interest rate, expected option life, dividend yield and vesting percentage. These estimations and judgments are determined by us using many different variables that, in many cases, are outside of our control. The changes in these variables or trends, including stock price volatility and risk free interest rate, may significantly impact the grant date fair value, resulting in a significant impact to our financial results.
	The exercise price of the stock options under our stock-based compensation plans shall be equal to or exceed 100% of the fair market value of the shares at the date of option grant. The following table represents stock option activity:
			Options Outstanding						Options Exercisable
			Shares			Weighted			Shares		Weighted
			(in thousands)			Average			(in thousands)		Average
						Exercise					Exercise
						Price					Price
	Outstanding at December 30, 2014			1,522		$	25.62			1,008	$	21.46
	Granted			158		$	47.66
	Exercised			(229	)	$	18.14
	Forfeited			(12	)	$	32.52
	Outstanding at March 31, 2015			1,439		$	29.17			858	$	23.47
	As of March 31, 2015, total unrecognized stock-based compensation expense related to non-vested stock options was $6.0 million, which is generally expected to be recognized over the next five years.
	Restricted Stock Units
	Time-Vested Restricted Stock Units
	Time-vested restricted stock unit activity was as follows:
			Shares			Weighted
			(in thousands)			Average
						Fair Value
	Outstanding at December 30, 2014			427		$	34.66
	Granted			64		$	48.68
	Vested or released			(25	)	$	29.04
	Forfeited			(15	)	$	37.71
	Outstanding at March 31, 2015			451		$	36.88
	The fair value of the time-vested RSUs is the quoted market value of our common stock on the date of grant. The fair value of each time-vested RSU is expensed over the period during which the restrictions are expected to lapse (e.g., five years). As of March 31, 2015, total unrecognized stock-based compensation expense related to non-vested RSUs was approximately $8.9 million, which is generally expected to be recognized over the next five years.
	Performance-Based Restricted Stock Units
	Performance-based restricted stock unit activity was as follows:
			Shares			Weighted
			(in thousands)			Average
						Fair Value
	Outstanding at December 30, 2014			30		$	32.49
	Granted			—			—
	Vested or released			—			—
	Forfeited			—			—
	Outstanding at March 31, 2015			30		$	32.49
	The fair value of the performance-based RSUs is the quoted market value of our common stock on the date of grant. The fair value of each performance-based RSU is recognized when it is probable the performance goal will be achieved. As of March 31, 2015, total unrecognized stock-based compensation expense related to non-vested performance-based RSUs was approximately $0.6 million.

Income_Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	7. INCOME TAXES
	We calculate our interim income tax provision in accordance with ASC Topic 270, Interim Reporting and ASC Topic 740, Accounting for Income Taxes. At the end of each interim period, we estimate the annual effective tax rate and apply that rate to our ordinary year to date earnings. The related tax expense or benefit is recognized in the interim period in which it occurs. In addition, the effect of changes in enacted tax laws, rates or tax status is recognized in the interim period in which the change occurs. The computation of the annual estimated effective tax rate at each interim period requires certain estimates and significant judgment including the expected operating income for the year, permanent and temporary differences as a result of differences between amounts measured and recognized in accordance with tax laws and financial accounting standards, and the likelihood of recovering deferred tax assets generated in the current fiscal year. The accounting estimates used to compute income tax expense may change as new events occur, additional information is obtained or the tax environment changes.
	We recognize interest and penalties related to uncertain tax positions in income tax expense. As of December 30, 2014, the amount recorded for interest and penalties changed for tax positions taken in the current year. As of March 31, 2015, unrecognized tax benefits recorded was approximately $2.2 million, of which approximately $0.8 million, if reversed, would impact our effective tax rate. We anticipate a decrease of $1.4 million to our liability for unrecognized tax benefits within the next twelve-month period due to the lapse of statutes of limitation. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):
	Balance at December 30, 2014	$	2,173
	Increase for tax positions taken in current period		6
	Balance at March 31, 2015	$	2,179
	Our uncertain tax positions are related to tax years that remain subject to examination by tax agencies. As of March 31, 2015, the earliest tax year still subject to examination by the Internal Revenue Service is 2011. The earliest year still subject to examination by a significant state or local taxing jurisdiction is 2010.

Legal_Proceedings

Legal Proceedings	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Legal Proceedings	8. LEGAL PROCEEDINGS
	We are subject to private lawsuits, administrative proceedings and demands that arise in the ordinary course of our business and which typically involve claims from customers, employees and others related to operational, employment, real estate and intellectual property issues common to the foodservice industry. A number of these claims may exist at any given time. We are self-insured for a portion of our general liability insurance and our employee workers’ compensation programs. We maintain coverage with a third party insurer to limit our total exposure for these programs. We believe that most of our customer claims will be covered by our general liability insurance, subject to coverage limits and the portion of such claims that are self-insured. Punitive damages awards and employee unfair practice claims, however, are not covered by our general liability insurance. To date, we have not been ordered to pay punitive damages with respect to any claims, but there can be no assurance that punitive damages will not be awarded with respect to any future claims. We could be affected by adverse publicity resulting from allegations in lawsuits, claims and proceedings, regardless of whether these allegations are valid or whether we are ultimately determined to be liable. We currently believe that the final disposition of these types of lawsuits, proceedings and claims will not have a material adverse effect on our financial position, results of operations or liquidity. It is possible, however, that our future results of operations for a particular quarter or fiscal year could be impacted by changes in circumstances relating to lawsuits, proceedings or claims.

Stock_Repurchases

Stock Repurchases	3 Months Ended
	Mar. 31, 2015
Equity [Abstract]
Stock Repurchases	9. STOCK REPURCHASES
	In April 2014, our Board of Directors authorized a $50 million share repurchase plan, which was increased to $150 million in August 2014. During the thirteen weeks ended March 31, 2015, we repurchased and retired approximately 0.1 million shares of our common stock at an average price of $48.04 per share for a total of approximately $6.8 million, which is recorded as a reduction in our common stock account. As of March 31, 2015, approximately $43.2 million remains available for additional repurchases under our authorized repurchase program.

Basis_of_Presentation_Policies

Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Basis of Presentation	The accompanying unaudited consolidated financial statements include the accounts of BJ’s Restaurants, Inc. (referred to herein as the “Company” or in the first person notations “we,” “us” and “our”) and our wholly owned subsidiaries. The financial statements presented herein include all material adjustments (consisting of normal recurring adjustments) which are, in the opinion of management, necessary for a fair statement of the financial condition, results of operations and cash flows for the period. Our consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. The preparation of financial statements in accordance with U.S. GAAP requires us to make certain estimates and assumptions for the reporting periods covered by the financial statements. These estimates and assumptions affect the reported amounts of assets, liabilities, revenues and expenses. Actual amounts could differ from these estimates.
	Certain information and footnote disclosures normally included in consolidated financial statements in accordance with U.S. GAAP have been omitted pursuant to requirements of the U.S. Securities and Exchange Commission (“SEC”). A description of our accounting policies and other financial information is included in our audited consolidated financial statements as filed with the SEC on Form 10-K for the year ended December 30, 2014. We believe that the disclosures included in our accompanying interim financial statements and footnotes are adequate to make the information not misleading, but should be read in conjunction with our consolidated financial statements and notes thereto included in the Annual Report on Form 10-K. The accompanying consolidated balance sheet as of December 30, 2014, has been derived from our audited consolidated financial statements.
Recent Accounting Pronouncements	Recent Accounting Pronouncements
	In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (Topic 606). This update provides a comprehensive new revenue recognition model that requires a company to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. Additionally, this guidance expands related disclosure requirements. ASU 2014-09 is effective for annual and interim reporting periods beginning after December 15, 2016, and early application is not permitted. This update permits the use of either the retrospective or cumulative effect transition method. In April 2015, the FASB proposed a one-year deferral of the effective date; however, the deferral has not yet been approved. We are currently evaluating the impact this guidance will have on our consolidated financial statements as well as the expected adoption method.
	In August 2014, the FASB issued ASU 2014-15, Disclosure of Uncertainties about an Entity’s Going Concern (Subtopic 205-40). This update requires management to evaluate whether there are conditions and events that raise substantial doubt about an entity’s ability to continue as a going concern within one year after the financial statements are issued. Management is required to make this evaluation for both annual and interim reporting periods and must disclose whether its plans alleviate that doubt. ASU 2014-15 is effective for annual periods ending after December 15, 2016, and for interim periods beginning after December 15, 2016, and early adoption is permitted. We do not believe the adoption of ASU 2014-15 will have a material impact on our consolidated financial statements.
	In April, 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs (Subtopic 835-30). This update requires debt issuance costs to be presented in the balance sheet as a direct deduction from the associated debt liability. Currently, debt issuance costs are recorded as an asset and amortization of these deferred financing costs is recorded in interest expense. Under the new standard, debt issuance costs will continue to be amortized over the life of the debt instrument and amortization will continue to be recorded in interest expense. ASU 2015-03 is effective for the Company on January 1, 2016, and will be applied on a retrospective basis. We are currently evaluating the impact this guidance will have on our consolidated financial statements and only anticipate a change in our presentation since the standard does not alter the accounting for debt issuance costs.
Marketable Securities	During fiscal 2014, all investments were liquidated. Prior to that, all highly liquid investments with maturities of three months or less at the date of purchase were classified as cash equivalents and included with “Cash and cash equivalents” on our accompanying Consolidated Balance Sheets. Marketable securities, which we had the intent and ability to hold until maturity, were classified as held-to-maturity securities and reported at amortized cost, which approximated fair value.
	Additionally, our investment policy restricted the investment of our excess cash balances to instruments with historically minimal volatility, such as money market funds, U.S. Treasury and direct agency obligations, municipal and bank securities, and investment-grade corporate debt securities. We determined the appropriate classification of our marketable securities at the time of purchase and reevaluated the held-to-maturity or available-for-sale designations as of each balance sheet date. Marketable securities were classified as either short-term or long-term based on each instrument’s underlying contractual maturity date or the expected put date. Marketable securities with maturities or expected put dates of 12 months or less were classified as short-term and marketable securities with maturities or expected put dates greater than 12 months were classified as long-term. Gains or losses were determined on the specific identification cost method and recorded in earnings when realized.
Net Income Per Share	Basic net income per share is computed by dividing the net income attributable to common shareholders by the weighted average number of common shares outstanding during the period. Diluted net income per share reflects the potential dilution that could occur if stock options issued by us to sell common stock at set prices were exercised and if restrictions on restricted stock units issued by us were to lapse (collectively, equity awards) using the treasury stock method. Performance-based restricted stock units have been excluded from the diluted computation because the performance-based criteria have not been met. The consolidated financial statements present basic and diluted net income per share.
Income Taxes	We calculate our interim income tax provision in accordance with ASC Topic 270, Interim Reporting and ASC Topic 740, Accounting for Income Taxes. At the end of each interim period, we estimate the annual effective tax rate and apply that rate to our ordinary year to date earnings. The related tax expense or benefit is recognized in the interim period in which it occurs. In addition, the effect of changes in enacted tax laws, rates or tax status is recognized in the interim period in which the change occurs. The computation of the annual estimated effective tax rate at each interim period requires certain estimates and significant judgment including the expected operating income for the year, permanent and temporary differences as a result of differences between amounts measured and recognized in accordance with tax laws and financial accounting standards, and the likelihood of recovering deferred tax assets generated in the current fiscal year. The accounting estimates used to compute income tax expense may change as new events occur, additional information is obtained or the tax environment changes.

Net_Income_Per_Share_Tables

Net Income Per Share (Tables)	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Reconciliation of Basic and Diluted Net Income Per Share Computations and Number of Dilutive Equity Awards (Stock Options and Restricted Stock Units) Included in Dilutive Net Income Per Share Computation	The following table presents a reconciliation of basic and diluted net income per share computations and the number of dilutive equity awards (stock options and restricted stock units) that were included in the dilutive net income per share computation (in thousands):
		For The Thirteen
		Weeks Ended
		March 31,		April 1,
		2015		2014
	Numerator:
	Net income for basic and diluted net income per share	$	9,615	$	4,658
	Denominator:
	Weighted-average shares outstanding – basic		26,310		28,369
	Dilutive effect of equity awards		606		609
	Weighted-average shares outstanding – diluted		26,916		28,978

StockBased_Compensation_Tables

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2015
Information Related to Stock-Based Compensation	The following table presents information related to stock-based compensation (in thousands):
			For The Thirteen
			Weeks Ended
			March 31,			April 1,
			2015			2014
	Labor and benefits		$	339		$	517
	General and administrative		$	920		$	725
	Capitalized (1)		$	60		$	43
	-1	Capitalized stock-based compensation is included in “Property and equipment, net” on the Consolidated Balance Sheets.
Black-Scholes Option-Pricing Model with Weighted Average Assumptions	The fair value of each stock option grant issued is estimated at the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions:
			For the Thirteen Weeks Ended
			March 31,			April 1,
			2015			2014
	Expected volatility			37.1	%		37.9	%
	Risk free interest rate			1.4	%		1.6	%
	Expected option life			5 years			5 years
	Dividend yield			0	%		0	%
	Fair value of options granted		$	16.45		$	10.63
Stock Option Activity	The exercise price of the stock options under our stock-based compensation plans shall be equal to or exceed 100% of the fair market value of the shares at the date of option grant. The following table represents stock option activity:
			Options Outstanding						Options Exercisable
			Shares			Weighted			Shares		Weighted
			(in thousands)			Average			(in thousands)		Average
						Exercise					Exercise
						Price					Price
	Outstanding at December 30, 2014			1,522		$	25.62			1,008	$	21.46
	Granted			158		$	47.66
	Exercised			(229	)	$	18.14
	Forfeited			(12	)	$	32.52
	Outstanding at March 31, 2015			1,439		$	29.17			858	$	23.47
Time-Vested Restricted Stock Units
Restricted Stock Unit Activity	Time-vested restricted stock unit activity was as follows:
			Shares			Weighted
			(in thousands)			Average
						Fair Value
	Outstanding at December 30, 2014			427		$	34.66
	Granted			64		$	48.68
	Vested or released			(25	)	$	29.04
	Forfeited			(15	)	$	37.71
	Outstanding at March 31, 2015			451		$	36.88
Performance-Based Restricted Stock Units
Restricted Stock Unit Activity	Performance-based restricted stock unit activity was as follows:
			Shares			Weighted
			(in thousands)			Average
						Fair Value
	Outstanding at December 30, 2014			30		$	32.49
	Granted			—			—
	Vested or released			—			—
	Forfeited			—			—
	Outstanding at March 31, 2015			30		$	32.49

Income_Taxes_Tables

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits	A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):
	Balance at December 30, 2014	$	2,173
	Increase for tax positions taken in current period		6
	Balance at March 31, 2015	$	2,179

Marketable_Securities_Addition

Marketable Securities - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2015
Maximum
Investment [Line Items]
Liquid investments maturity period	3 months
Maximum | Short-term marketable securities
Investment [Line Items]
Marketable securities maturity period (in months)	12 months
Minimum | Long-term marketable securities
Investment [Line Items]
Marketable securities maturity period (in months)	12 months

LongTerm_Debt_Additional_Infor

Long-Term Debt - Additional Information (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Sep. 03, 2014
Line of Credit Facility [Line Items]
Revolving loan commitments under new loan agreement		$150
New loan agreement, expiration date	3-Sep-19
Available additional credit facility		50
Letters of credit outstanding amount	14
Line of credit outstanding amount	38.6
Interest paid on new line of credit	0.2
Weighted average interest rate	1.42%
Letter of Credit
Line of Credit Facility [Line Items]
Revolving loan commitments under new loan agreement		$50
Maximum
Line of Credit Facility [Line Items]
Line of credit, adjustment to interest rate	1.75%
Minimum
Line of Credit Facility [Line Items]
Line of credit, adjustment to interest rate	0.75%

Reconciliation_of_Basic_and_Di

Reconciliation of Basic and Diluted Net Income Per Share Computations and Number of Dilutive Equity Awards (Stock Options and Restricted Stock Units) Included in Dilutive Net Income Per Share Computation (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Apr. 01, 2014
Accounting Policies [Abstract]
Net income for basic and diluted net income per share	$9,615	$4,658
Weighted-average shares outstanding - basic	26,310	28,369
Dilutive effect of equity awards	606	609
Weighted-average shares outstanding - diluted	26,916	28,978

Net_Income_Per_Share_Additiona

Net Income Per Share - Additional Information (Detail)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Apr. 01, 2014
Accounting Policies [Abstract]
Common stock equivalents excluded from calculation of diluted net income per share	0.1	0.8

Related_Party_Transactions_Add

Related Party Transactions - Additional Information (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Apr. 01, 2014	Dec. 30, 2014
Related Party Transaction [Line Items]
Expenses for supply of food, beverage, paper products and supplies	$21.60	$20.90
Percentage of total costs of sales and operating and occupancy costs	21.10%	21.80%
Trade payables	$5.40		$4
Jacmar Companies
Related Party Transaction [Line Items]
Percentage of outstanding common stock	12.00%
Agreement terms	5 years

StockBased_Compensation_Additi

Stock-Based Compensation - Additional Information (Detail) (USD $)	3 Months Ended
In Millions, except Share data, unless otherwise specified	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares charged to reserve per granted share	1
Share basis for number shares charged to reserve	1
Expiration term of stock options	10 years
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price of stock options under stock-based compensation plans	100.00%
2005 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service period	5 years
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares charged to reserve per granted share	1.5
Share basis for number shares charged to reserve	1
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration term of stock options	10 years
Unrecognized stock-based compensation expense	6
Unrecognized stock-based compensation expenses recognition period (in years)	5 years
Stock Options | Share-based Compensation Award, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting percentage in year five	20.00%
Stock Options | Cliff Vesting Year Five
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting percentage in year five	100.00%
Stock Options | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	3 years
Stock Options | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	5 years
Time-Vested Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting percentage in year five	20.00%
Unrecognized stock-based compensation expense	8.9
Unrecognized stock-based compensation expenses recognition period (in years)	5 years
Time-Vested Restricted Stock Units | Cliff Vesting Year Five
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting percentage in year five	100.00%
Time-Vested Restricted Stock Units | Cliff Vesting Third Anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting percentage in year five	33.00%
Time-Vested Restricted Stock Units | Cliff Vesting Fifth Anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting percentage in year five	67.00%
Performance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock-based compensation expense	0.6

Information_Related_to_StockBa

Information Related to Stock-Based Compensation (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015		Apr. 01, 2014
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Capitalized	$60	[1]	$43	[1]
Labor and benefits
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	339		517
General and administrative
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	$920		$725
[1]	Capitalized stock-based compensation is included in "Property and equipment, net" on the Consolidated Balance Sheets.

BlackScholes_OptionPricing_Mod

Black-Scholes Option-Pricing Model with Weighted Average Assumptions (Detail) (USD $)	3 Months Ended
	Mar. 31, 2015	Apr. 01, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Expected volatility	37.10%	37.90%
Risk free interest rate	1.40%	1.60%
Expected option life	5 years	5 years
Dividend yield	0.00%	0.00%
Fair value of options granted	$16.45	$10.63

Stock_Option_Activity_Detail

Stock Option Activity (Detail) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015
Options Outstanding, Shares
Outstanding, Beginning Balance	1,522
Granted	158
Exercised	-229
Forfeited	-12
Outstanding, Ending Balance	1,439
Options Exercisable, Shares
Options Exercisable Outstanding, Beginning Balance	1,008
Options Exercisable Outstanding, Ending Balance	858
Options outstanding, Weighted Average Exercise Price
Outstanding, Beginning Balance	$25.62
Granted	$47.66
Exercised	$18.14
Forfeited	$32.52
Outstanding, Ending Balance	$29.17
Options Exercisable, Weighted Average Exercise Price
Options Exercisable, Beginning Balance	$21.46
Options Exercisable, Ending Balance	$23.47

TimeVested_Restricted_Stock_Un

Time-Vested Restricted Stock Unit Activity (Detail) (Time-Vested Restricted Stock Units, USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015
Time-Vested Restricted Stock Units
Shares Outstanding
Outstanding Beginning Balance, Shares	427
Granted, Shares	64
Vested or released, Shares	-25
Forfeited, Shares	-15
Outstanding Ending Balance, Shares	451
Weighted Average Fair Value
Outstanding Beginning Balance, Weighted Average Fair Value	$34.66
Granted, Weighted Average Fair Value	$48.68
Vested or released, Weighted Average Fair Value	$29.04
Forfeited, Weighted Average Fair Value	$37.71
Outstanding Ending Balance, Weighted Average Fair Value	$36.88

PerformanceBased_Restricted_St

Performance-Based Restricted Stock Unit Activity (Detail) (Performance-Based Restricted Stock Units, USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015
Performance-Based Restricted Stock Units
Shares Outstanding
Outstanding Beginning Balance, Shares	30
Granted, Shares	0
Vested or released, Shares	0
Forfeited, Shares	0
Outstanding Ending Balance, Shares	30
Weighted Average Fair Value
Outstanding Beginning Balance, Weighted Average Fair Value	$32.49
Granted, Weighted Average Fair Value	$0
Vested or released, Weighted Average Fair Value	$0
Forfeited, Weighted Average Fair Value	$0
Outstanding Ending Balance, Weighted Average Fair Value	$32.49

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Detail) (USD $)	Mar. 31, 2015	Dec. 30, 2014
Income Tax Disclosure [Abstract]
Unrecognized tax benefits	$2,179,000	$2,173,000
Unrecognized tax benefits that would impact effective tax rate, if reversed	800,000
Anticipated decrease in liability for unrecognized tax benefits within next twelve-month period	$1,400,000

Reconciliation_of_Beginning_an

Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Beginning Balance	$2,173
Increase for tax positions taken in current period	6
Ending Balance	$2,179

Stock_Repurchases_Additional_I

Stock Repurchases - Additional Information (Detail) (USD $)	3 Months Ended
Share data in Millions, except Per Share data, unless otherwise specified	Mar. 31, 2015	Aug. 31, 2014	Apr. 30, 2014
Equity [Abstract]
Share repurchase program, amount authorized		$150,000,000	$50,000,000
Number of shares repurchased during the period	0.1
Repurchased average price per share	$48.04
Shares repurchased, value	6,800,000
Common stock additional repurchases under authorized repurchase program	$43,200,000