Buffalo Wild Wings (BWLD) 10-Q 31 Jul 15 2015 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 28, 2015	Jul. 28, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	BUFFALO WILD WINGS INC
Document Type	10-Q
Current Fiscal Year End Date	--12-27
Entity Common Stock, Shares Outstanding		19,012,519
Amendment Flag	false
Entity Central Index Key	1,062,449
Entity Filer Category	Large Accelerated Filer
Entity Well-known Seasoned Issuer	Yes
Document Period End Date	Jun. 28, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes

Consolidated Balance Sheets (un

Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Jun. 28, 2015	Dec. 28, 2014
Current assets:
Cash and cash equivalents	$ 73,495	$ 93,329
Marketable securities	18,401	19,547
Accounts receivable, net of allowance of $25	28,422	28,322
Inventory	11,877	11,893
Prepaid expenses	16,789	4,215
Refundable income taxes	2,854	9,779
Deferred income taxes	16,898	15,807
Restricted assets	56,194	81,037
Total current assets	224,930	263,929
Property and equipment, net	522,602	494,401
Reacquired franchise rights, net	57,216	37,631
Other assets	19,110	19,399
Goodwill	52,565	38,106
Total assets	876,423	853,466
Current liabilities:
Unearned franchise fees	2,295	2,099
Accounts payable	44,025	37,241
Accrued compensation and benefits	42,415	59,161
Accrued expenses	14,222	16,573
Current portion of deferred lease credits	0	743
System-wide payables	55,194	79,668
Total current liabilities	158,151	195,485
Long-term liabilities:
Other liabilities	16,099	6,388
Deferred income taxes	30,853	39,815
Deferred lease credits	41,214	37,479
Total liabilities	$ 246,317	$ 279,167
Commitments and Contingencies
Stockholders’ equity:
Common stock, no par value. Authorized 44,000,000 shares; issued and outstanding 19,012,522 and 18,937,131, respectively	$ 154,169	$ 148,114
Retained earnings	478,257	427,695
Accumulated other comprehensive loss	(2,761)	(2,096)
Total stockholders’ equity	629,665	573,713
Noncontrolling interests	441	586
Total equity	630,106	574,299
Total liabilities and equity	$ 876,423	$ 853,466

Consolidated Balance Sheets (u3

Consolidated Balance Sheets (unaudited) (Parentheticals) - USD ($) $ in Thousands	Jun. 28, 2015	Dec. 28, 2014
Statement of Financial Position [Abstract]
Accounts Receivable, allowance	$ 25	$ 25
Undesignated stock, shares authorized (in shares)	1,000,000	1,000,000
Common stock, par value (in Dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	44,000,000	44,000,000
Common stock, shares issued (in shares)	19,012,522	18,937,131
Common stock, shares outstanding (in shares)	19,012,522	18,937,131

Consolidated Statements of Earn

Consolidated Statements of Earnings (unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Revenue:
Restaurant sales	$ 401,860	$ 343,141	$ 816,832	$ 688,086
Franchise royalties and fees	24,527	22,853	50,141	45,763
Total revenue	426,387	365,994	866,973	733,849
Restaurant operating costs:
Cost of sales	117,843	96,837	243,520	194,324
Labor	129,294	107,432	259,688	212,766
Operating	56,822	50,017	115,373	99,055
Occupancy	22,354	19,283	44,344	38,252
Depreciation and amortization	29,208	23,746	57,277	46,578
General and administrative	33,701	30,223	64,223	58,379
Preopening	3,204	2,197	4,474	4,775
Loss on asset disposals and impairment	2,306	1,211	2,911	1,998
Total costs and expenses	394,732	330,946	791,810	656,127
Income from operations	31,655	35,048	75,163	77,722
Investment income (loss)	41	235	(34)	108
Earnings before income taxes	31,696	35,283	75,129	77,830
Income tax expense	10,264	11,580	24,712	25,811
Net earnings including noncontrolling interests	21,432	23,703	50,417	52,019
Net loss attributable to noncontrolling interests	(67)	0		0
Comprehensive income attributable to noncontrolling interests	(67)	0	(145)	0
Net earnings attributable to Buffalo Wild Wings	$ 21,499	$ 23,703	$ 50,562	$ 52,019
Earnings per common share – basic (in Dollars per share)	$ 1.13	$ 1.25	$ 2.66	$ 2.75
Earnings per common share – diluted (in Dollars per share)	$ 1.12	$ 1.25	$ 2.65	$ 2.74
Weighted average shares outstanding – basic (in Shares)	19,002,526	18,904,341	18,997,734	18,888,360
Weighted average shares outstanding – diluted (in Shares)	19,113,063	18,980,694	19,093,623	18,966,894

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Statement of Comprehensive Income [Abstract]
Net earnings including noncontrolling interests	$ 21,432	$ 23,703	$ 50,417	$ 52,019
Other comprehensive loss:
Foreign currency translation adjustments, net of tax	230	458	(665)	(36)
Other comprehensive loss, net of tax	230	458	(665)	(36)
Comprehensive income including noncontrolling interests	21,662	24,161	49,752	51,983
Comprehensive income attributable to noncontrolling interests	(67)	0	(145)	0
Comprehensive income attributable to Buffalo Wild Wings	$ 21,729	$ 24,161	$ 49,897	$ 51,983

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014
Cash flows from operating activities:
Net earnings including noncontrolling interests	$ 50,417	$ 52,019
Adjustments to reconcile net earnings to net cash provided by operations:
Depreciation	54,805	44,312
Amortization	2,472	2,266
Loss on asset disposals and impairment	2,911	1,998
Deferred lease credits	2,903	2,998
Deferred income taxes	(9,757)	(10,623)
Stock-based compensation	7,253	7,665
Excess tax benefit from stock issuance	(262)	(118)
Change in operating assets and liabilities, net of effect of acquisitions:
Trading securities	(708)	(569)
Accounts receivable	144	(347)
Inventory	357	(608)
Prepaid expenses	(12,530)	(6,618)
Other assets	279	(2)
Unearned franchise fees	196	(58)
Accounts payable	236	69
Income taxes	7,187	5,885
Accrued expenses	(5,033)	1,019
Net cash provided by operating activities	100,870	99,288
Cash flows from investing activities:
Acquisition of property and equipment	(67,334)	(54,864)
Acquisition of businesses	(49,036)	(3,000)
Purchase of marketable securities	(12,301)	(11,996)
Proceeds from marketable securities	14,155	0
Net cash used in investing activities	(114,516)	(69,860)
Cash flows from financing activities:
Issuance of common stock	1,604	1,665
Excess tax benefit from stock issuance	262	118
Tax payments for restricted stock units	(7,627)	(7,474)
Net cash used in financing activities	(5,761)	(5,691)
Effect of exchange rate changes on cash and cash equivalents	(427)	(337)
Net increase (decrease) in cash and cash equivalents	(19,834)	23,400
Cash and cash equivalents at beginning of period	93,329	57,502
Cash and cash equivalents at end of period	$ 73,495	$ 80,902

Basis of Financial Statement Pr

Basis of Financial Statement Presentation	6 Months Ended
	Jun. 28, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Financial Statement Presentation	Basis of Financial Statement Presentation The consolidated financial statements as of June 28, 2015 and December 28, 2014 , and for the three-month and six -month periods ended June 28, 2015 and June 29, 2014 have been prepared by Buffalo Wild Wings, Inc. pursuant to the rules and regulations of the Securities and Exchange Commission (SEC). The financial information as of June 28, 2015 and for the three-month and six -month periods ended June 28, 2015 and June 29, 2014 is unaudited, but, in the opinion of management, reflects all adjustments and accruals necessary for a fair presentation of the financial position, results of operations, and cash flows for the interim periods. References in the remainder of this document to “company,” “we,” “us” and “our” refer to the business of Buffalo Wild Wings, Inc. and our subsidiaries. We operate Buffalo Wild Wings ® , PizzaRev ® , and Rusty Taco ® restaurants as well as sell Buffalo Wild Wings and Rusty Taco restaurant franchises. We operate as a single segment for reporting purposes. The financial information as of December 28, 2014 is derived from our audited consolidated financial statements and notes thereto for the fiscal year ended December 28, 2014 , which is included in Item 8 in the fiscal 2014 Annual Report on Form 10-K and should be read in conjunction with such financial statements. The results of operations for the three-month and six -month period ended June 28, 2015 are not necessarily indicative of the results of operations that may be achieved for the entire year ending December 27, 2015 .

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 28, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies (a) Inventories Inventories are stated at the lower of cost or market. Cost is determined by the first-in, first-out method. Cash flows related to inventory sales are classified in net cash provided by operating activities in the Consolidated Statements of Cash Flows. We purchase products from a number of suppliers and believe there are alternative suppliers. We have minimum purchase commitments from some of our vendors, but the terms of the contracts and nature of the products are such that our purchase requirements do not create a market risk. One of the primary food products used by our restaurants and our franchised restaurants is chicken wings. The price we pay for chicken wings is determined based on the average of the previous month’s wing market plus mark-up for processing and distribution. For the three-month periods ended June 28, 2015 and June 29, 2014 , chicken wings were 25.4% and 21.4% , respectively, of restaurant cost of sales. For the six-month periods ended June 28, 2015 and June 29, 2014 , chicken wings were 26.0% and 20.9% of restaurant cost of sales, respectively. (b) New Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09 “Revenue with Contracts from Customers.” ASU 2014-09 supersedes the current revenue recognition guidance, including industry-specific guidance. The guidance introduces a five-step model to achieve its core principal of the entity recognizing revenue to depict the transfer of goods or services to customers at an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The requirements are effective for interim and annual periods beginning after December 15, 2017. Early adoption is permitted for interim and annual periods beginning after December 15, 2016. We are currently evaluating the impact of the updated requirements, including our adoption method, but we do not believe the adoption of ASU 2014-09 will have a significant impact on our consolidated financial statements. We reviewed all other significant newly-issued accounting pronouncements and concluded that they either are not applicable to our operations or that no material effect is expected on our consolidated financial statements as a result of future adoption.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 28, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The guidance for fair value measurements establishes the authoritative definition of fair value, sets out a framework for measuring fair value, and outlines the required disclosures regarding fair value measurements. Fair value is the price that would be received to sell an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. We use a three-tier fair value hierarchy based upon observable and non-observable inputs as follows: • Level 1 – Observable inputs such as quoted prices in active markets; • Level 2 – Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and • Level 3 – Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions. The following table summarizes the financial instruments measured at fair value in our consolidated balance sheet as of June 28, 2015 : Fair Value Measurements Level 1 Level 2 Level 3 Total Assets Cash Equivalents $ 30,992 22,498 — 53,490 Marketable Securities 9,258 9,143 — 18,401 Restricted Assets 1,775 1,255 — 3,030 The following table summarizes the financial instruments measured at fair value in our consolidated balance sheet as of December 28, 2014 : Fair Value Measurements Level 1 Level 2 Level 3 Total Assets Cash Equivalents $ 62,510 3,000 — 65,510 Marketable Securities 8,551 10,996 — 19,547 Restricted Assets 3,028 — — 3,028 Our cash equivalents are comprised of money market funds and commercial paper which are valued using the Level 1 and Level 2 approach, respectively. Our marketable securities were classified as trading securities and available-for-sale securities. Our trading securities are comprised of investments held for future needs of our non-qualified deferred compensation plan and were reported at fair market value, using the “market approach” valuation technique. The “market approach” valuation method uses prices and other relevant information observable in market transactions involving identical or comparable assets and is a Level 1 approach. Our available-for-sale securities are comprised of commercial paper and other highly liquid assets and are valued using a Level 2 approach. Our restricted assets include money market mutual funds and variable rate demand obligations and are valued using the Level 1 and Level 2 approach, respectively. There were no significant transfers between Level 1 and Level 2 of the fair value hierarchy during the six -month periods ended June 28, 2015 and June 29, 2014 .

Marketable Securities

Marketable Securities	6 Months Ended
	Jun. 28, 2015
Investments, Debt and Equity Securities [Abstract]
Marketable Securities	Marketable Securities Marketable securities consisted of the following: June 28, December 28, Available-for-sale Commercial paper $ 5,998 — Variable rate demand obligations 3,145 — Municipal securities — 10,996 Trading Mutual funds 9,258 8,551 Total $ 18,401 19,547 Purchases of available-for-sale securities totaled $12,301 and sales totaled $14,155 for the six -month period ended June 28, 2015 . Purchases totaled $11,996 and there were no sales of available-for-sale securities for the six -month period ended June 29, 2014 .

Property and Equipment

Property and Equipment	6 Months Ended
	Jun. 28, 2015
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment Property and equipment consisted of the following: June 28, December 28, Construction in process $ 30,625 12,391 Buildings 85,921 80,811 Furniture, fixtures, and equipment 324,474 301,568 Leasehold improvements 484,738 461,155 Property and equipment, gross 925,758 855,925 Less accumulated depreciation (403,156 ) (361,524 ) Property and equipment, net $ 522,602 494,401

Revolving Credit Facility

Revolving Credit Facility	6 Months Ended
	Jun. 28, 2015
Debt Disclosure [Abstract]
Revolving Credit Facility	Revolving Credit Facility We have a $100,000 unsecured revolving credit facility. Loans under the facility bear interest at a rate per annum equal to, at our election, either (i) LIBOR for an interest period of one month, reset daily, plus 0.875% , if our consolidated total leverage ratio is less than or equal to 0.50 , or plus 1.125% if our total leverage ratio is greater than or equal to 0.51 , or (ii) LIBOR for an interest period of one, two, three, six or twelve months, reset at the end of the selected interest period, plus 0.875% , if our consolidated total leverage ratio is less than or equal to 0.50 , or plus 1.125% if our consolidated total leverage ratio is greater than or equal to 0.51 . As of June 28, 2015 , we had no outstanding balance under the facility. There is a commitment fee on the average unused portion of the facility at a rate per annum equal to 0.15% , if our consolidated total leverage ratio is less than or equal to 0.50 , or 0.20% if our consolidated total leverage ratio is greater than or equal to 0.51 . The Credit Agreement requires us to maintain (a) consolidated coverage ratio as of the end of each fiscal quarter at no less than 2.50 to 1.00, (b) consolidated total leverage ratio as of the end of each fiscal quarter at no more than 2.00 to 1.00 and (c) minimum EBITDA during any consecutive four-quarter period at no less than $100,000 . The Credit Agreement also contains other customary affirmative and negative covenants, including covenants that restrict the right of the Company and its subsidiaries to merge, to lease, sell or otherwise dispose of assets, to make investments and to grant liens on their assets. As of June 28, 2015 , we were in compliance with all of these covenants.

Stockholder's Equity

Stockholder's Equity	6 Months Ended
	Jun. 28, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stockholder's Equity	Stockholder’s Equity (a) Stock Options We have 5.4 million shares of common stock reserved for issuance under our Equity Incentive Plan (Plan) for our employees, officers, and directors. The exercise price for stock options issued under the Plan is to be not less than the fair market value on the date of grant with respect to incentive and nonqualified stock options. Incentive stock options become exercisable in four equal installments from the date of the grant and have a contractual life of seven years. Nonqualified stock options issued pursuant to the Plan have a four -year vesting period and have a contractual life of seven years. Incentive stock options may be granted under this Plan until March 12, 2022. We issue new shares of common stock upon exercise of stock options. Option activity is summarized for the six months ended June 28, 2015 as follows: Number of shares Weighted average exercise price Average remaining contractual life (years) Aggregate intrinsic value Outstanding, December 28, 2014 158,879 $ 78.90 3.7 $ 16,553 Granted 29,270 182.73 Exercised (7,205 ) 68.63 Cancelled (645 ) 112.01 Outstanding, June 28, 2015 180,299 $ 96.04 3.7 $ 12,226 Exercisable, June 28, 2015 107,722 65.20 2.5 10,233 The aggregate intrinsic value in the table above is before applicable income taxes, based on our closing stock price of $160.20 as of the last business day of the six -month period ended June 28, 2015 , which would have been received by the optionees had all options been exercised on that date. As of June 28, 2015 , total unrecognized stock-based compensation expense related to nonvested stock options was approximately $2,740 , which is expected to be recognized over a weighted average period of approximately 2.7 years . During the six -month periods ended June 28, 2015 and June 29, 2014 , the total intrinsic value of stock options exercised was $728 and $2,172 , respectively. During the six -month periods ended June 28, 2015 and June 29, 2014 , the weighted average grant date fair value of options granted was $59.11 and $50.23 , respectively. No shares were vested during the six -month periods ended June 28, 2015 or June 29, 2014 . The Plan had 888,088 shares available for grant as of June 28, 2015 . (b) Restricted Stock Units Restricted stock units are granted annually under the Plan at the discretion of the Compensation Committee of our Board of Directors. We grant restricted stock units subject to three -year cliff vesting and a cumulative three -year earnings target. The number of units which vest at the end of the three-year period is based on performance against the target. These restricted stock units are subject to forfeiture if they have not vested at the end of the three-year period. Stock-based compensation is recognized for the number of units expected to vest at the end of the period and is expensed beginning on the grant date through the end of the performance period. For each grant, restricted stock units meeting the performance criteria will vest as of the end of the third fiscal year in the performance period, subject to a Plan specified maximum number of shares that may be issued to any individual in any year in settlement of restricted stock units. The distribution of vested restricted stock units as common stock typically occurs in March of the following year. The common stock is issued to participants net of the number of shares needed for the required minimum employee withholding taxes. We issue new shares of common stock upon the disbursement of restricted stock units. Restricted stock units are contingently issuable shares, and the activity for the six months ended June 28, 2015 is as follows: Number of shares Weighted average grant date fair value Outstanding, December 28, 2014 265,989 $ 108.82 Granted 95,570 180.97 Vested (20,882 ) 102.09 Cancelled (11,399 ) 119.61 Outstanding, June 28, 2015 329,278 $ 129.82 As of June 28, 2015 , the total stock-based compensation expense related to nonvested awards not yet recognized was $21,406 , which is expected to be recognized over a weighted average period of 2.0 years. The weighted average grant date fair value of restricted stock units granted during the six -month periods ended June 28, 2015 and June 29, 2014 was $180.97 and $147.23 , respectively. During the six -month periods ended June 28, 2015 and June 29, 2014 , we recognized $4,018 and $6,876 , respectively, of stock-based compensation expense related to restricted stock units. (c) Employee Stock Purchase Plan We have reserved 600,000 shares of common stock for issuance under our Employee Stock Purchase Plan (ESPP). The ESPP is available to substantially all employees subject to employment eligibility requirements. Participants may purchase our common stock at 85% of the beginning or ending closing price, whichever is lower, for each six-month period ending in May and November. During the six -month periods ended June 28, 2015 , and June 29, 2014 , we issued 8,747 and 8,037 shares of common stock, respectively, under the ESPP. As of June 28, 2015 , we had 195,521 shares available for future issuance under the ESPP.

Earnings Per Common Share

Earnings Per Common Share	6 Months Ended
	Jun. 28, 2015
Earnings Per Share [Abstract]
Earnings Per Common Share	Earnings Per Common Share The following is a reconciliation of basic and fully diluted earnings per common share for the three-month and six -month periods ended June 28, 2015 and June 29, 2014 : Three Months Ended June 28, 2015 Earnings (numerator) Shares (denominator) Per-share amount Net earnings attributable to Buffalo Wild Wings $ 21,499 Earnings per common share 21,499 19,002,526 $ 1.13 Effect of dilutive securities – stock options — 73,086 Effect of dilutive securities – restricted stock units — 37,451 Earnings per common share – assuming dilution $ 21,499 19,113,063 $ 1.12 Three Months Ended June 29, 2014 Earnings (numerator) Shares (denominator) Per-share amount Net earnings attributable to Buffalo Wild Wings $ 23,703 Earnings per common share 23,703 18,904,341 $ 1.25 Effect of dilutive securities – stock options — 76,353 Earnings per common share – assuming dilution $ 23,703 18,980,694 $ 1.25 Six Months Ended June 28, 2015 Earnings (numerator) Shares (denominator) Per-share amount Net earnings attributable to Buffalo Wild Wings $ 50,562 Earnings per common share 50,562 18,997,734 $ 2.66 Effect of dilutive securities – stock options — 77,163 Effect of dilutive securities – restricted stock units — 18,726 Earnings per common share – assuming dilution $ 50,562 19,093,623 $ 2.65 Six Months Ended June 29, 2014 Earnings (numerator) Shares (denominator) Per-share amount Net earnings attributable to Buffalo Wild Wings $ 52,019 Earnings per common share 52,019 18,888,360 $ 2.75 Effect of dilutive securities – stock options — 78,534 Earnings per common share – assuming dilution $ 52,019 18,966,894 $ 2.74 The following is a summary of those securities outstanding at the end of the respective periods, which have been excluded from the fully diluted calculations because the effect on net earnings per common share would have been antidilutive or were performance-granted shares for which the performance criteria had not yet been met: Three months ended Six months ended June 28, June 29, June 28, June 29, Stock options 53,068 25,035 35,212 25,035 Restricted stock units 291,827 369,215 310,552 369,215

Supplemental Disclosures of Cas

Supplemental Disclosures of Cash Flow Information	6 Months Ended
	Jun. 28, 2015
Supplemental Cash Flow Elements [Abstract]
Supplemental Disclosures of Cash Flow Information	Supplemental Disclosures of Cash Flow Information Six months ended June 28, June 29, Cash paid during the period for: Income taxes $ 27,208 30,706 Noncash financing and investing transactions: Property and equipment not yet paid for 6,552 149

Contingencies

Contingencies	6 Months Ended
	Jun. 28, 2015
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies We have a limited guarantee of the borrowings of Pie Squared Pizza, LLC, a subsidiary of Pie Squared Holdings, LLC, in the amount of $575 . We are involved in various legal actions arising in the ordinary course of business. In the opinion of management, the ultimate disposition of these matters will not have a material adverse effect on our consolidated financial position, results of operations, or cash flows.

Acquisition of Businesses

Acquisition of Businesses	6 Months Ended
	Jun. 28, 2015
Business Combinations [Abstract]
Acquisition of Businesses	Acquisition of Businesses During the six -month period ended June 28, 2015 , we acquired 15 Buffalo Wild Wings and 1 Rusty Taco franchised restaurants through four acquisitions. There were no acquisitions of franchised restaurants during the six -month period ended June 29, 2014 . The total purchase price of $49,036 for franchised restaurants acquired during six -month period ended June 28, 2015 , was paid in cash and was funded by cash from operations and the sale of marketable securities. The acquisitions were accounted for as business combinations. The assets acquired and liabilities assumed were recorded based on their fair values at the time of the acquisitions as detailed below: Six Months Ended June 28, June 29, Inventory, prepaids, and other assets $ 408 — Property and equipment 12,625 — Lease liabilities (543 ) — Reacquired franchise rights 22,030 — Goodwill 14,516 — Total purchase price $ 49,036 — The excess of the purchase price over the aggregate fair value of assets acquired was allocated to goodwill. The assessment of the valuation of certain assets acquired and liabilities assumed during the six -month period ended June 28, 2015 is preliminary; if new information is obtained about facts and circumstances that existed at the acquisition date, the acquisition accounting may be revised to reflect the resulting adjustments to current estimates of these items. The results of operations of these locations are included in our consolidated statement of earnings as of the date of acquisition.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 28, 2015
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On July 10, 2015, we executed an asset purchase agreement to purchase 39 existing Buffalo Wild Wings restaurants and 2 Buffalo Wild Wings restaurants under construction. The total cash purchase price for these assets is approximately $160,000 , subject to certain adjustments. We expect to complete the transaction in the third quarter of 2015. We expect to fund the transaction with cash, marketable securities, and our revolving credit facility. On July 22, 2015, we amended our existing unsecured revolving credit agreement to, among other things, increase the aggregate revolving credit commitments to $200,000 , extend the maturity date of the revolving credit commitment to July 15, 2018 and increase the minimum EBITDA that the Company is required to maintain during any consecutive four quarter period to $150,000 . The amendment also reduced the applicable margin for the interest rates applicable to revolving loans and the commitment fee on the average unused portion of the credit facility.

Summary of Significant Accoun19

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 28, 2015
Accounting Policies [Abstract]
Inventories	Inventories are stated at the lower of cost or market. Cost is determined by the first-in, first-out method. Cash flows related to inventory sales are classified in net cash provided by operating activities in the Consolidated Statements of Cash Flows. We purchase products from a number of suppliers and believe there are alternative suppliers. We have minimum purchase commitments from some of our vendors, but the terms of the contracts and nature of the products are such that our purchase requirements do not create a market risk. One of the primary food products used by our restaurants and our franchised restaurants is chicken wings. The price we pay for chicken wings is determined based on the average of the previous month’s wing market plus mark-up for processing and distribution.
New Accounting Pronouncements	In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09 “Revenue with Contracts from Customers.” ASU 2014-09 supersedes the current revenue recognition guidance, including industry-specific guidance. The guidance introduces a five-step model to achieve its core principal of the entity recognizing revenue to depict the transfer of goods or services to customers at an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The requirements are effective for interim and annual periods beginning after December 15, 2017. Early adoption is permitted for interim and annual periods beginning after December 15, 2016. We are currently evaluating the impact of the updated requirements, including our adoption method, but we do not believe the adoption of ASU 2014-09 will have a significant impact on our consolidated financial statements. We reviewed all other significant newly-issued accounting pronouncements and concluded that they either are not applicable to our operations or that no material effect is expected on our consolidated financial statements as a result of future adoption.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 28, 2015
Fair Value Disclosures [Abstract]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis	The following table summarizes the financial instruments measured at fair value in our consolidated balance sheet as of June 28, 2015 : Fair Value Measurements Level 1 Level 2 Level 3 Total Assets Cash Equivalents $ 30,992 22,498 — 53,490 Marketable Securities 9,258 9,143 — 18,401 Restricted Assets 1,775 1,255 — 3,030 The following table summarizes the financial instruments measured at fair value in our consolidated balance sheet as of December 28, 2014 : Fair Value Measurements Level 1 Level 2 Level 3 Total Assets Cash Equivalents $ 62,510 3,000 — 65,510 Marketable Securities 8,551 10,996 — 19,547 Restricted Assets 3,028 — — 3,028

Marketable Securities (Tables)

Marketable Securities (Tables)	6 Months Ended
	Jun. 28, 2015
Investments, Debt and Equity Securities [Abstract]
Marketable Securities	Marketable securities consisted of the following: June 28, December 28, Available-for-sale Commercial paper $ 5,998 — Variable rate demand obligations 3,145 — Municipal securities — 10,996 Trading Mutual funds 9,258 8,551 Total $ 18,401 19,547

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended
	Jun. 28, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property and equipment consisted of the following: June 28, December 28, Construction in process $ 30,625 12,391 Buildings 85,921 80,811 Furniture, fixtures, and equipment 324,474 301,568 Leasehold improvements 484,738 461,155 Property and equipment, gross 925,758 855,925 Less accumulated depreciation (403,156 ) (361,524 ) Property and equipment, net $ 522,602 494,401

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 28, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Option Activity	Option activity is summarized for the six months ended June 28, 2015 as follows: Number of shares Weighted average exercise price Average remaining contractual life (years) Aggregate intrinsic value Outstanding, December 28, 2014 158,879 $ 78.90 3.7 $ 16,553 Granted 29,270 182.73 Exercised (7,205 ) 68.63 Cancelled (645 ) 112.01 Outstanding, June 28, 2015 180,299 $ 96.04 3.7 $ 12,226 Exercisable, June 28, 2015 107,722 65.20 2.5 10,233
Restricted Stock and Restricted Stock Units Activity	Restricted stock units are contingently issuable shares, and the activity for the six months ended June 28, 2015 is as follows: Number of shares Weighted average grant date fair value Outstanding, December 28, 2014 265,989 $ 108.82 Granted 95,570 180.97 Vested (20,882 ) 102.09 Cancelled (11,399 ) 119.61 Outstanding, June 28, 2015 329,278 $ 129.82

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	6 Months Ended
	Jun. 28, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following is a reconciliation of basic and fully diluted earnings per common share for the three-month and six -month periods ended June 28, 2015 and June 29, 2014 : Three Months Ended June 28, 2015 Earnings (numerator) Shares (denominator) Per-share amount Net earnings attributable to Buffalo Wild Wings $ 21,499 Earnings per common share 21,499 19,002,526 $ 1.13 Effect of dilutive securities – stock options — 73,086 Effect of dilutive securities – restricted stock units — 37,451 Earnings per common share – assuming dilution $ 21,499 19,113,063 $ 1.12 Three Months Ended June 29, 2014 Earnings (numerator) Shares (denominator) Per-share amount Net earnings attributable to Buffalo Wild Wings $ 23,703 Earnings per common share 23,703 18,904,341 $ 1.25 Effect of dilutive securities – stock options — 76,353 Earnings per common share – assuming dilution $ 23,703 18,980,694 $ 1.25 Six Months Ended June 28, 2015 Earnings (numerator) Shares (denominator) Per-share amount Net earnings attributable to Buffalo Wild Wings $ 50,562 Earnings per common share 50,562 18,997,734 $ 2.66 Effect of dilutive securities – stock options — 77,163 Effect of dilutive securities – restricted stock units — 18,726 Earnings per common share – assuming dilution $ 50,562 19,093,623 $ 2.65 Six Months Ended June 29, 2014 Earnings (numerator) Shares (denominator) Per-share amount Net earnings attributable to Buffalo Wild Wings $ 52,019 Earnings per common share 52,019 18,888,360 $ 2.75 Effect of dilutive securities – stock options — 78,534 Earnings per common share – assuming dilution $ 52,019 18,966,894 $ 2.74
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following is a summary of those securities outstanding at the end of the respective periods, which have been excluded from the fully diluted calculations because the effect on net earnings per common share would have been antidilutive or were performance-granted shares for which the performance criteria had not yet been met: Three months ended Six months ended June 28, June 29, June 28, June 29, Stock options 53,068 25,035 35,212 25,035 Restricted stock units 291,827 369,215 310,552 369,215

Supplemental Disclosures of C25

Supplemental Disclosures of Cash Flow Information (Tables)	6 Months Ended
	Jun. 28, 2015
Supplemental Cash Flow Elements [Abstract]
Schedule of Cash Flow, Supplemental Disclosures	Six months ended June 28, June 29, Cash paid during the period for: Income taxes $ 27,208 30,706 Noncash financing and investing transactions: Property and equipment not yet paid for 6,552 149

Acquisition of Businesses (Tabl

Acquisition of Businesses (Tables)	6 Months Ended
	Jun. 28, 2015
Business Combinations [Abstract]
Schedule of Assets Acquired and Liabilities Assumed in Acquisitions	The assets acquired and liabilities assumed were recorded based on their fair values at the time of the acquisitions as detailed below: Six Months Ended June 28, June 29, Inventory, prepaids, and other assets $ 408 — Property and equipment 12,625 — Lease liabilities (543 ) — Reacquired franchise rights 22,030 — Goodwill 14,516 — Total purchase price $ 49,036 —

Summary of Significant Accoun27

Summary of Significant Accounting Policies (Details)	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Chicken Wings
Summary of Significant Accounting Policies (Details) [Line Items]
Percentage of Cost of Sales	25.40%	21.40%	26.00%	20.90%

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Fair Value Measurements - USD ($)	Jun. 28, 2015	Dec. 28, 2014	Jun. 29, 2014
Assets
Cash Equivalents	$ 53,490,000	$ 65,510,000
Marketable Securities	18,401,000	19,547,000
Restricted Assets	3,030,000	3,028,000
Fair Value, Liabilities, Level 1 to Level 2 Transfers, Amount	0		$ 0
Fair Value, Assets, Level 2 to Level 1 Transfers, Amount	0		$ 0
Level 1
Assets
Cash Equivalents	30,992,000	62,510,000
Marketable Securities	9,258,000	8,551,000
Restricted Assets	1,775,000	3,028,000
Level 2
Assets
Cash Equivalents	22,498,000	3,000,000
Marketable Securities	9,143,000	10,996,000
Restricted Assets	1,255,000	0
Level 3
Assets
Cash Equivalents	0	0
Marketable Securities	0	0
Restricted Assets	$ 0	$ 0

Marketable Securities (Details)

Marketable Securities (Details) - USD ($) $ in Thousands	Jun. 28, 2015	Dec. 28, 2014
Marketable Securities [Line Items]
Trading	$ 9,258	$ 8,551
Total	18,401	19,547
Commercial Paper, Not Included with Cash and Cash Equivalents
Marketable Securities [Line Items]
Available-for-sale	5,998	0
Variable Rate Demand Obligation
Marketable Securities [Line Items]
Available-for-sale	3,145	0
Debt Securities
Marketable Securities [Line Items]
Available-for-sale	$ 0	$ 10,996

Marketable Securities (Details

Marketable Securities (Details 2) - USD ($)	6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014
Investments, Debt and Equity Securities [Abstract]
Payments to Acquire Available-for-sale Securities	$ (12,301,000)	$ (11,996,000)
Proceeds from Sale of Available-for-sale Securities	$ 14,155,000

Property and Equipment (Details

Property and Equipment (Details) - Property and Equipment - USD ($) $ in Thousands	Jun. 28, 2015	Dec. 28, 2014
Property, Plant and Equipment [Abstract]
Construction in process	$ 30,625	$ 12,391
Buildings	85,921	80,811
Furniture, fixtures, and equipment	324,474	301,568
Leasehold improvements	484,738	461,155
Property and equipment, gross	925,758	855,925
Less accumulated depreciation	(403,156)	(361,524)
Property and equipment, net	$ 522,602	$ 494,401

Revolving Credit Facility (Deta

Revolving Credit Facility (Details)	1 Months Ended
	Feb. 28, 2013USD ($)	Jun. 28, 2015USD ($)
Revolving Credit Facility (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)	$ 100,000,000
Long-term Line of Credit (in Dollars)		$ 0
Minimum
Revolving Credit Facility (Details) [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.15%
Coverage Ratio	2.50
Earnings Before Interest, Taxes, Depreciation and Amortization (in Dollars)	$ 100,000,000
Maximum
Revolving Credit Facility (Details) [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.20%
Consolidated Total Leverage Ratio	2
LIBOR Election 1, Leverage Ratio Less than or Equal to .50
Revolving Credit Facility (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.875%
Leverage Ratio	0.50
LIBOR Election 1, Leverage Ratio Greater than or Equal to .51
Revolving Credit Facility (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.125%
Leverage Ratio	0.51
LIBOR Election 2, Leverage Ratio Less than or Equal to .50
Revolving Credit Facility (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.875%
Leverage Ratio	0.50
LIBOR Election 2, Leverage Ratio Greater than or Equal to .51
Revolving Credit Facility (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.125%
Leverage Ratio	0.51
Maximum Leverage Ratio for 0.15% Commitment Fee
Revolving Credit Facility (Details) [Line Items]
Leverage Ratio	0.50
Minimum Leverage Ratio for 0.20% Commitment Fee
Revolving Credit Facility (Details) [Line Items]
Leverage Ratio	0.51
Interest Rate Terms
Revolving Credit Facility (Details) [Line Items]
Line of Credit Facility, Covenant Terms	Loans under the facility bear interest at a rate per annum equal to, at our election, either (i) LIBOR for an interest period of one month, reset daily, plus 0.875%, if our consolidated total leverage ratio is less than or equal to 0.50, or plus 1.125% if our total leverage ratio is greater than or equal to .51, or (ii) LIBOR for an interest period of one, two, three, six or twelve months, reset at the end of the selected interest period, plus 0.875%, if our consolidated total leverage ratio is less than or equal to 0.50, or plus 1.125% if our consolidated total leverage ratio is greater than or equal to .51.
Requirements
Revolving Credit Facility (Details) [Line Items]
Line of Credit Facility, Covenant Terms	The Credit Agreement requires us to maintain (a) consolidated coverage ratio as of the end of each fiscal quarter at no less than 2.50 to 1.00, (b) consolidated total leverage ratio as of the end of each fiscal quarter at no more than 2.00 to 1.00 and (c) minimum EBITDA during any consecutive four-quarter period at no less than $100,000. The Credit Agreement also contains other customary affirmative and negative covenants, including covenants that restrict the right of the Company and its subsidiaries to merge, to lease, sell or otherwise dispose of assets, to make investments and to grant liens on their assets.

Stockholders' Equity (Details)

Stockholders' Equity (Details)	6 Months Ended
	Jun. 28, 2015USD ($)$ / sharesshares	Jun. 29, 2014USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Closing Stock Price | $ / shares	$ 160.20
Total intrinsic value of options exercised | $	$ 728,000	$ 2,172,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares	$ 59.11	$ 50.23
Number of shares vested		0
Grants in Period, Weighted Average Grant Date Fair Value | $ / shares	$ 180.97
Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock shares reserved for issuance to employees	5,400,000
Nonvested Compensation Cost Not yet Recognized | $	$ 2,740,000
Nonvested Compensation Cost Not yet Recognized, Weighted Average Period for Recognition	2 years 8 months
Number of Shares Available for Grant	888,088
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock shares reserved for issuance to employees	600,000
Number of Shares Available for Grant	195,521
Share Based Compensation Arrangement by Share Based Payment Award Market Price Less Discount	85.00%
Stock Issued During Period Under the Employee Stock Purchase Plans	8,747	8,037
Incentive Stock Options | Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of installments in which incentive stock options become exercisable | $	4
Incentive Stock Options | Minimum | Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Contractual life of share based award	7 years
Nonqualified Stock Options | Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Contractual life of share based award	7 years
Vesting period	4 years
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Nonvested Compensation Cost Not yet Recognized | $	$ 21,406,000
Nonvested Compensation Cost Not yet Recognized, Weighted Average Period for Recognition	2 years
Duration of Earnings Target for granting restricted stock	3 years
Grants in Period, Weighted Average Grant Date Fair Value | $ / shares	$ 180.97	$ 147.23
Restricted Stock or Unit Expense | $	$ 4,018,000	$ 6,876,000

Stockholders' Equity (Details)

Stockholders' Equity (Details) - Stock Options Activity - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Dec. 28, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options Outstanding, Number of Shares Beginning of Period (in shares)	158,879
Options Grants in Period, Gross (in shares)	29,270
Options Exercises in Period (in shares)	(7,205)
Options Forfeitures and Expirations in Period (in shares)	(645)
Options Outstanding, Number of Shares End of Period (in shares)	180,299
Options Exercisable, Number (in shares)	107,722
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Options Outstanding, Weighted Average Exercise Price Beginning of Period (in Dollars per share)	$ 78.90
Options Grants in Period, Weighted Average Exercise Price (in Dollars per share)	182.73
Options Exercises in Period, Weighted Average Exercise Price (in Dollars per share)	68.63
Options Forfeitures and Expirations in Period, Weighted Average Exercise Price (in Dollars per share)	112.01
Options Outstanding, Weighted Average Exercise Price End of Period (in Dollars per share)	96.04
Options Exercisable, Weighted Average Exercise Price (in Dollars per share)	$ 65.20
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Options Outstanding, Weighted Average Remaining Contractual Term (in years)	3 years 8 months 22 days	3 years 8 months 12 days
Options Exercisable, Weighted Average Remaining Contractual Term (in years)	2 years 6 months 17 days
Options Outstanding, Intrinsic Value	$ 12,226		$ 16,553
Options Exercisable, Intrinsic Value	$ 10,233

Stockholders' Equity (Details35

Stockholders' Equity (Details) - Restricted Stock Activity - $ / shares	6 Months Ended
	Jun. 28, 2015	Jun. 28, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Restricted Stock Units Outstanding Beginning of Period (in shares)	265,989
Grants in Period (in shares)	95,570
Vested in Period (in shares)	(20,882)
Cancelled in Period (in shares)	(11,399)
Restricted Stock Units Outstanding End of Period (in shares)	265,989	329,278
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Restricted Stock Units Outstanding, Weighted Average Grant Date Fair Value Beginning of Period (in Dollars per share)	$ 108.82
Grants in Period, Weighted Average Grant Date Fair Value (in Dollars per share)	180.97
Vested in Period, Weighted Average Grant Date Fair Value (in Dollars per share)	102.09
Cancelled in Period, Weighted Average Grant Date Fair Value (in Dollars per share)	119.61
Restricted Stock Units Outstanding, Weighted Average Grant Date Fair Value End of Period (in Dollars per share)	$ 129.82

Earnings Per Common Share (Deta

Earnings Per Common Share (Details) - Reconciliation of Basic and Fully Diluted Earnings Per Common Share - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Earnings Per Common Share (Details) - Reconciliation of Basic and Fully Diluted Earnings Per Common Share [Line Items]
Net Income (Loss) Attributable to Parent	$ 21,499	$ 23,703	$ 50,562	$ 52,019
Net earnings including noncontrolling interests	21,432	23,703	50,417	52,019
Net earnings to calculate earnings per share	$ 21,499	$ 23,703	$ 50,562	$ 52,019
Weighted average shares outstanding – basic (in Shares)	19,002,526	18,904,341	18,997,734	18,888,360
Earnings per common share – basic (in Dollars per share)	$ 1.13	$ 1.25	$ 2.66	$ 2.75
Earnings per common share – assuming dilution	$ 21,499	$ 23,703	$ 50,562	$ 52,019
Weighted average shares outstanding – diluted (in Shares)	19,113,063	18,980,694	19,093,623	18,966,894
Earnings per common share – diluted (in Dollars per share)	$ 1.12	$ 1.25	$ 2.65	$ 2.74
Equity Option
Earnings Per Common Share (Details) - Reconciliation of Basic and Fully Diluted Earnings Per Common Share [Line Items]
Effect of dilutive securities – stock options (in shares)	73,086	76,353	77,163	78,534
Restricted Stock Units (RSUs)
Earnings Per Common Share (Details) - Reconciliation of Basic and Fully Diluted Earnings Per Common Share [Line Items]
Effect of dilutive securities – stock options (in shares)	37,451		18,726

Earnings Per Common Share (De37

Earnings Per Common Share (Details) - Securities Excluded From Fully Diluted Calculations - shares	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Equity Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from fully diluted computations	53,068	25,035	35,212	25,035
Restricted Stock Units (RSUs)
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from fully diluted computations	291,827	369,215	310,552	369,215

Supplemental Disclosures of C38

Supplemental Disclosures of Cash Flow Information (Details) - Supplemental Disclosures of Cash Flow Information - USD ($) $ in Thousands	6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014
Cash paid during the period for:
Income taxes	$ 27,208	$ 30,706
Noncash financing and investing transactions:
Property and equipment not yet paid for	$ 6,552	$ 149

Contingencies (Details)

Contingencies (Details) $ in Thousands	Dec. 28, 2014USD ($)
Pie Squared Pizza, LLC | Guarantee Obligations
Guarantor Obligations [Line Items]
Loss Contingency, Estimate of Possible Loss	$ 575

Acquisition of Businesses (Deta

Acquisition of Businesses (Details) $ in Thousands	6 Months Ended
	Jun. 28, 2015USD ($)acquistionrestaurant	Jun. 29, 2014USD ($)acquistion	Dec. 28, 2014USD ($)
Business Acquisition [Line Items]
Number of acquisitions | acquistion		0
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Goodwill	$ 52,565		$ 38,106
Acquired Franchises
Business Acquisition [Line Items]
Number of acquisitions | acquistion	4
Total purchase price for acquisitions	$ 49,036
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Inventory, prepaids, and other assets	408	$ 0
Property and equipment	12,625	0
Lease liabilities	(543)	0
Reacquired franchise rights	22,030	0
Goodwill	14,516	0
Total purchase price	$ 49,036	$ 0
Buffalo Wild Wings
Business Acquisition [Line Items]
Number of acquisitions | restaurant	15
Rusty Taco, Inc.
Business Acquisition [Line Items]
Number of acquisitions | restaurant	1

Subsequent Events (Details)

Subsequent Events (Details)	Jul. 10, 2015USD ($)restaurant	Feb. 28, 2013USD ($)	Jun. 28, 2015restaurant	Jun. 29, 2014acquistion	Jul. 22, 2015USD ($)
Subsequent Event [Line Items]
Number of acquisitions | acquistion				0
Aggregate revolving credit commitments		$ 100,000,000
Minimum
Subsequent Event [Line Items]
Commitment fee percentage		0.15%
Buffalo Wild Wings
Subsequent Event [Line Items]
Number of acquisitions | restaurant			15
Subsequent Event | Revolving Credit Facility
Subsequent Event [Line Items]
Aggregate revolving credit commitments					$ 200,000
Subsequent Event | Revolving Credit Facility | Minimum
Subsequent Event [Line Items]
Minimum EBITDA requirement					$ 150,000
Subsequent Event | Buffalo Wild Wings
Subsequent Event [Line Items]
Total purchase price for acquisitions	$ 160,000,000
Subsequent Event | Buffalo Wild Wings | Retail Site
Subsequent Event [Line Items]
Number of acquisitions | restaurant	39
Subsequent Event | Buffalo Wild Wings | Asset under Construction
Subsequent Event [Line Items]
Number of acquisitions | restaurant	2