Buffalo Wild Wings (BWLD) 10-Q 7 Nov 13 2013 Q3 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	9 Months Ended
	Sep. 29, 2013	Oct. 18, 2013
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'BUFFALO WILD WINGS INC	'
Document Type	'10-Q	'
Current Fiscal Year End Date	'--12-29	'
Entity Common Stock, Shares Outstanding	'	18,779,984
Amendment Flag	'false	'
Entity Central Index Key	'0001062449	'
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Well-known Seasoned Issuer	'Yes	'
Document Period End Date	29-Sep-13	'
Document Fiscal Year Focus	'2013	'
Document Fiscal Period Focus	'Q3	'

Consolidated_Balance_Sheets_un

Consolidated Balance Sheets (unaudited) (USD $)	Sep. 29, 2013	Dec. 30, 2012
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$36,671	$21,340
Marketable securities	7,126	9,579
Accounts receivable – net of allowance of $25	21,964	20,203
Inventory	8,958	7,820
Prepaid expenses	4,090	3,869
Refundable income taxes	'	4,122
Deferred income taxes	9,908	5,774
Restricted assets	37,013	52,829
Total current assets	125,730	125,536
Property and equipment, net	422,833	386,570
Reacquired franchise rights, net	34,690	37,370
Goodwill	32,533	32,365
Other assets	16,061	9,246
Total assets	631,847	591,087
Current liabilities:	'	'
Unearned franchise fees	2,228	1,763
Income tax payable	1,750	'
Accounts payable	27,849	36,418
Accrued compensation and benefits	34,591	39,637
Accrued expenses	13,168	11,461
System-wide payables	37,111	51,564
Total current liabilities	116,697	140,843
Long-term liabilities:	'	'
Other liabilities	1,961	1,752
Deferred income taxes	39,358	37,128
Deferred lease credits	31,647	27,992
Total liabilities	189,663	207,715
Commitments and contingencies (note 11)	'	'
Stockholders’ equity:	'	'
Common stock, no par value. Authorized 44,000,000 shares; issued and outstanding 18,779,934 and 18,623,370, respectively	129,981	121,450
Retained earnings	312,786	262,047
Accumulated other comprehensive loss	-583	-125
Total stockholders’ equity	442,184	383,372
Total liabilities and stockholders’ equity	$631,847	$591,087

Consolidated_Balance_Sheets_un1

Consolidated Balance Sheets (unaudited) (Parentheticals) (USD $)	Sep. 29, 2013	Dec. 30, 2012
In Thousands, except Share data, unless otherwise specified
Accounts receivable, allowance (in Dollars)	$25	$25
Undesignated stock, shares authorized (in Shares)	1,000,000	1,000,000
Undesignated stock, issued (in Dollars)	$0	$0
Common stock, shares authorized (in Shares)	44,000,000	44,000,000
Common stock, shares issued (in Shares)	18,779,934	18,623,370
Common stock, shares outstanding (in Shares)	18,779,934	18,623,370

Consolidated_Statements_of_Ear

Consolidated Statements of Earnings (unaudited) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 29, 2013	Sep. 23, 2012	Sep. 29, 2013	Sep. 23, 2012
Revenue:	'	'	'	'
Restaurant sales	$295,693	$228,418	$865,521	$681,284
Franchise royalties and fees	20,108	18,441	59,651	55,420
Total revenue	315,801	246,859	925,172	736,704
Costs and expenses:	'	'	'	'
Cost of sales	88,689	71,263	268,410	213,213
Labor	89,740	68,804	264,500	203,710
Operating	44,668	34,626	126,985	99,772
Occupancy	17,276	13,458	50,267	39,349
Depreciation and amortization	21,587	16,818	62,814	48,439
General and administrative	24,664	21,813	69,562	62,213
Preopening	2,991	4,535	9,682	8,662
Loss on asset disposals and store closures	902	788	1,702	2,122
Total costs and expenses	290,517	232,105	853,922	677,480
Income from operations	25,284	14,754	71,250	59,224
Investment income	383	418	644	713
Earnings before income taxes	25,667	15,172	71,894	59,937
Income tax expense	7,796	4,464	21,155	19,322
Net earnings	$17,871	$10,708	$50,739	$40,615
Earnings per common share – basic (in Dollars per share)	$0.95	$0.58	$2.70	$2.19
Earnings per common share – diluted (in Dollars per share)	$0.95	$0.57	$2.69	$2.17
Weighted average shares outstanding – basic (in Shares)	18,778,675	18,588,598	18,764,701	18,572,953
Weighted average shares outstanding – diluted (in Shares)	18,888,546	18,723,282	18,842,194	18,674,838

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (unaudited) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 29, 2013	Sep. 23, 2012	Sep. 29, 2013	Sep. 23, 2012
Net earnings	$17,871	$10,708	$50,739	$40,615
Other comprehensive income	'	'	'	'
Foreign currency translation adjustments	-86	660	-458	482
Other comprehensive income, net of tax	-86	660	-458	482
Comprehensive income	$17,785	$11,368	$50,281	$41,097

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (unaudited) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 29, 2013	Sep. 23, 2012
Cash flows from operating activities:	'	'
Net earnings	$50,739	$40,615
Adjustments to reconcile net earnings to cash provided by operations:	'	'
Depreciation	59,004	46,409
Amortization	3,810	2,030
Loss on asset disposals and store closures	1,682	1,757
Deferred lease credits	3,852	2,966
Deferred income taxes	-1,547	-3,612
Stock-based compensation	7,290	6,207
Excess tax benefit from stock issuance	-399	-2,024
Change in operating assets and liabilities, net of effect of acquisitions:	'	'
Trading securities	-829	-850
Accounts receivable	-266	-7,712
Inventory	-1,039	-199
Prepaid expenses	-225	583
Other assets	-772	-1,826
Unearned franchise fees	465	-37
Accounts payable	-6,925	2,088
Income taxes	6,271	7,230
Accrued expenses	1,283	13,162
Net cash provided by operating activities	122,394	106,787
Cash flows for investing activities:	'	'
Acquisition of property and equipment	-96,552	-79,007
Acquisition of businesses/investments in affiliates	-10,288	'
Purchase of marketable securities	'	-123,943
Proceeds from marketable securities	3,282	112,238
Net cash used in investing activities	-103,558	-90,712
Cash flows for financing activities:	'	'
Proceeds from line of credit	5,000	'
Repayments of line of credit	-5,000	'
Issuance of common stock	1,237	1,147
Excess tax benefit from stock issuance	399	2,024
Tax payments for restricted stock units	-4,813	-8,447
Net cash used in financing activities	-3,177	-5,276
Effect of exchange rate changes on cash and cash equivalents	-328	-7
Net increase in cash and cash equivalents	15,331	10,792
Cash and cash equivalents at beginning of period	21,340	20,530
Cash and cash equivalents at end of period	$36,671	$31,322

Note_1_Basis_of_Financial_Stat

Note 1 - Basis of Financial Statement Presentation	9 Months Ended
	Sep. 29, 2013
Disclosure Text Block [Abstract]	'
Basis of Accounting [Text Block]	'
	(1)      Basis of Financial Statement Presentation
	The consolidated financial statements as of September 29, 2013 and December 30, 2012, and for the three-month and nine-month periods ended September 29, 2013 and September 23, 2012 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 September 29, 2013 and for the three-month and nine-month periods ended September 29, 2013 and September 23, 2012 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 consolidated subsidiaries.
	The financial information as of December 30, 2012 is derived from our audited consolidated financial statements and notes thereto for the fiscal year ended December 30, 2012, which is included in Item 8 in the Fiscal 2012 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 nine-month periods ended September 29, 2013 are not necessarily indicative of the results of operations that may be achieved for the entire year ending December 29, 2013.

Note_2_Summary_of_Significant_

Note 2 - Summary of Significant Accounting Policies	9 Months Ended
	Sep. 29, 2013
Accounting Policies [Abstract]	'
Significant Accounting Policies [Text Block]	'
	(2)      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 (FIFO) 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. Current month chicken wing prices are determined based on the average of the previous month’s spot rates. For the three-month periods ended September 29, 2013 and September 23, 2012, chicken wings were 23.7% and 28.2%, respectively, of restaurant cost of sales. For the nine-month periods ended September 29, 2013 and September 23, 2012, chicken wings were 25.4% and 27.0%, respectively, of restaurant cost of sales.
		(b)	New Accounting Pronouncements
	We reviewed all 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.

Note_3_Fair_Value_Measurements

Note 3 - Fair Value Measurements	9 Months Ended
	Sep. 29, 2013
Fair Value Disclosures [Abstract]	'
Fair Value Disclosures [Text Block]	'
	(3)       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 September 29, 2013:
			Fair Value Measurements
			Level 1		Level 2		Level 3		Total
	Assets
	Cash Equivalents		$	26,585		—		—		26,585
	Marketable Securities			7,126		—		—		7,126
	The following table summarizes the financial instruments measured at fair value in our consolidated balance sheet as of December 30, 2012:
			Fair Value Measurements
			Level 1		Level 2		Level 3		Total
	Assets
	Cash Equivalents		$	5,280		—		—		5,280
	Marketable Securities			6,297		512		—		6,809
	We classified a portion of our marketable securities as available-for-sale and trading securities which 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 to determine fair market value. Our cash equivalents include money market funds which are valued using a Level 1 approach. Our trading securities are valued using a Level 1 approach. Our available-for-sale marketable securities are valued using a Level 2 approach, using observable direct and indirect inputs for municipal bonds.
	There were no transfers between Level 1 and Level 2 of the fair value hierarchy during the nine-month periods ended September 29, 2013 or September 23, 2012.

Note_4_Marketable_Securities

Note 4 - Marketable Securities	9 Months Ended
	Sep. 29, 2013
Table Text Block [Abstract]	'
Marketable Securities [Table Text Block]	'
	(4)     Marketable Securities
	Marketable securities consisted of the following:
		As of
		September 29,		December 30,
		2013		2012
	Held-to-maturity
	Municipal securities	$	—		2,770
	Available-for-sale
	Municipal securities		—		512
	Trading
	Mutual funds		7,126		6,297
	Total	$	7,126		9,579
	All held-to-maturity debt securities mature within one year and had an aggregate fair value of $2,770 as of December 30, 2012. Trading securities represent investments held for future needs of our non-qualified deferred compensation plan.

Note_5_Property_and_Equipment

Note 5 - Property and Equipment	9 Months Ended
	Sep. 29, 2013
Property, Plant and Equipment [Abstract]	'
Property, Plant and Equipment Disclosure [Text Block]	'
	(5)      Property and Equipment
	Property and equipment consisted of the following:
		September 29,			December 30,
		2013			2012
	Construction in process	$	26,002			23,744
	Buildings		67,306			53,962
	Furniture, fixtures, and equipment		240,156			212,729
	Leasehold improvements		356,777			313,354
	Property and equipment, gross		690,241			603,789
	Less accumulated depreciation		(267,408	)		(217,219	)
	Property and equipment, net	$	422,833			386,570

Note_6_Investments_in_Affiliat

Note 6 - Investments in Affiliates	9 Months Ended
	Sep. 29, 2013
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]	'
Investments in and Advances to Affiliates, Schedule of Investments [Text Block]	'
	(6)     Investments in Affiliates
	In March 2013, we acquired a minority equity investment in PizzaRev, a California-based restaurant concept that had five fast casual pizza restaurants in California as of September 29, 2013. If certain financial thresholds are met, we have the obligation to make additional investments in PizzaRev. We also have the right to open company-owned locations in certain states. Investments in affiliates is included in other assets in our Consolidated Balance Sheets.

Note_7_Revolving_Credit_Facili

Note 7 - Revolving Credit Facility	9 Months Ended
	Sep. 29, 2013
Debt Disclosure [Abstract]	'
Debt Disclosure [Text Block]	'
	(7)     Revolving Credit Facility
	In February 2013, we entered into a three-year $100,000 unsecured revolving credit facility. A loan under the facility shall 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 September 29, 2013, we had no outstanding balance on 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.

Note_8_Stockholders_Equity

Note 8 - Stockholders' Equity	9 Months Ended
	Sep. 29, 2013
Disclosure Text Block Supplement [Abstract]	'
Shareholders' Equity and Share-based Payments [Text Block]	'
	(8)    Stockholders’ 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 to ten years. Nonqualified stock options issued pursuant to the Plan have varying vesting periods from immediately to four years and have a contractual life of seven to ten 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 nine months ended September 29, 2013 as follows:
		Number			Weighted		Average remaining contractual life		Aggregate intrinsic
		of shares			average		(years)		value
					exercise price
	Outstanding, December 30, 2012		151,897		$	47.97		3.9	$	4,232
	Granted		39,498			87.53
	Exercised		(13,769	)		22.78
	Cancelled		(1,812	)		62.15
	Outstanding, September 29, 2013		175,814		$	58.68		4	$	8,934
	Exercisable, September 29, 2013		94,587			41.12		2.8		6,468
	The aggregate intrinsic value in the table above is before applicable income taxes, based on our closing stock price of $109.50 as of the last business day of the quarter ended September 29, 2013, which would have been received by the optionees had all options been exercised on that date. As of September 29, 2013, total unrecognized stock-based compensation expense related to nonvested stock options was approximately $1,838, which is expected to be recognized over a weighted average period of approximately 2.6 years. During the nine-month periods ended September 29, 2013 and September 23, 2012, the total intrinsic value of stock options exercised was $833 and $1,183, respectively. During the nine-month periods ended September 29, 2013 and September 23, 2012, the weighted average grant date fair value of options granted was $37.09 and $43.97. No shares vested during the nine-month periods ended September 29, 2013 or September 23, 2012.
	The Plan has 1,335,150 shares available for grant as of September 29, 2013.
	(b)    Restricted Stock Units
	Restricted stock units are granted annually under the Plan at the discretion of the Compensation Committee of the 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 three-year performance criteria will vest as of the end of our fiscal year. 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. The Board of Directors are typically granted shares of restricted stock units upon election. These shares vest immediately. 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 first nine months of fiscal 2013 is as follows:
		Number			Weighted
		of shares			average
					grant date
					fair value
	Outstanding, December 30, 2012		282,093		$	70.64
	Granted		162,992			87.67
	Vested		(4,530	)		86.33
	Cancelled		(15,893	)		72.88
	Outstanding, September 29, 2013		424,662		$	76.93
	As of September 29, 2013, the total stock-based compensation expense related to nonvested awards not yet recognized was $14,270, 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 nine-month periods ended September 29, 2013 and September 23, 2012 was $87.67 and $93.23, respectively. During the nine-month periods ended September 29, 2013 and September 23, 2012, we recognized $6,133 and $5,205, 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 first nine months of 2013 and 2012, we issued 14,505 and 14,505 shares of common stock, respectively, under the ESPP. As of September 29, 2013, we have 233,415 shares available for future issuance under the ESPP.

Note_9_Earnings_Per_Share

Note 9 - Earnings Per Share	9 Months Ended
	Sep. 29, 2013
Earnings Per Share [Abstract]	'
Earnings Per Share [Text Block]	'
	(9)      Earnings Per Share
	The following is a reconciliation of basic and fully diluted earnings per common share for the three-month and nine-month periods ended September 29, 2013 and September 23, 2012:
		Three months ended September 29, 2013
		Earnings		Shares		Per-share
		(numerator)		(denominator)		amount
	Net earnings	$	17,871
	Earnings per common share		17,871		18,778,675	$	0.95
	Effect of dilutive securities – stock options		—		67,385
	Effect of dilutive securities – restricted stock units		—		42,486
	Earnings per common share – assuming dilution	$	17,871		18,888,546		0.95
		Three months ended September 23, 2012
		Earnings		Shares		Per-share
		(numerator)		(denominator)		amount
	Net earnings	$	10,708
	Earnings per common share		10,708		18,588,598	$	0.58
	Effect of dilutive securities – stock options		—		80,487
	Effect of dilutive securities – restricted stock units		—		54,197
	Earnings per common share – assuming dilution	$	10,708		18,723,282		0.57
		Nine months ended September 29, 2013
		Earnings		Shares		Per-share
		(numerator)		(denominator)		amount
	Net earnings	$	50,739
	Earnings per common share		50,739		18,764,701	$	2.7
	Effect of dilutive securities – stock options		—		63,331
	Effect of dilutive securities – restricted stock units		—		14,162
	Earnings per common share – assuming dilution	$	50,739		18,842,194		2.69
		Nine months ended September 23, 2012
		Earnings		Shares		Per-share
		(numerator)		(denominator)		amount
	Net earnings	$	40,615
	Earnings per common share		40,615		18,572,953	$	2.19
	Effect of dilutive securities – stock options		—		83,819
	Effect of dilutive securities – restricted stock units		—		18,066
	Earnings per common share – assuming dilution	$	40,615		18,674,838		2.17
	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				Nine months ended
		September 29,		September 23,		September 29,		September 23,
		2013		2012		2013		2012
	Stock options		62,977		27,506		64,783		18,399
	Restricted stock units		382,176		403,777		410,500		439,908

Note_10_Supplemental_Disclosur

Note 10 - Supplemental Disclosures of Cash Flow Information	9 Months Ended
	Sep. 29, 2013
Supplemental Cash Flow Elements [Abstract]	'
Cash Flow, Supplemental Disclosures [Text Block]	'
	(10)    Supplemental Disclosures of Cash Flow Information
		Nine months ended
		September 29,		September 23,
		2013		2012
	Cash paid during the period for:
	Income taxes	$	16,649		15,880
	Noncash financing and investing transactions:
	Property and equipment not yet paid for		1,571		5,374

Note_11_Contingencies

Note 11 - Contingencies	9 Months Ended
	Sep. 29, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies Disclosure [Text Block]	'
	(11)   Contingencies
	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.

Accounting_Policies_by_Policy_

Accounting Policies, by Policy (Policies)	9 Months Ended
	Sep. 29, 2013
Accounting Policies [Abstract]	'
Inventory, Policy [Policy Text Block]	'
	Inventories
	Inventories are stated at the lower of cost or market. Cost is determined by the first-in, first-out (FIFO) 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. Current month chicken wing prices are determined based on the average of the previous month’s spot rates. For the three-month periods ended September 29, 2013 and September 23, 2012, chicken wings were 23.7% and 28.2%, respectively, of restaurant cost of sales. For the nine-month periods ended September 29, 2013 and September 23, 2012, chicken wings were 25.4% and 27.0%, respectively, of restaurant cost of sales.
New Accounting Pronouncements, Policy [Policy Text Block]	'
	New Accounting Pronouncements
	We reviewed all 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.

Note_3_Fair_Value_Measurements1

Note 3 - Fair Value Measurements (Tables)	9 Months Ended
	Sep. 29, 2013
Fair Value Disclosures [Abstract]	'
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	'
		Fair Value Measurements
		Level 1		Level 2		Level 3		Total
	Assets
	Cash Equivalents	$	26,585		—		—		26,585
	Marketable Securities		7,126		—		—		7,126
		Fair Value Measurements
		Level 1		Level 2		Level 3		Total
	Assets
	Cash Equivalents	$	5,280		—		—		5,280
	Marketable Securities		6,297		512		—		6,809

Note_4_Marketable_Securities_T

Note 4 - Marketable Securities (Tables)	9 Months Ended
	Sep. 29, 2013
Table Text Block [Abstract]	'
	'
		As of
		September 29,		December 30,
		2013		2012
	Held-to-maturity
	Municipal securities	$	—		2,770
	Available-for-sale
	Municipal securities		—		512
	Trading
	Mutual funds		7,126		6,297
	Total	$	7,126		9,579

Note_5_Property_and_Equipment_

Note 5 - Property and Equipment (Tables)	9 Months Ended
	Sep. 29, 2013
Property, Plant and Equipment [Abstract]	'
Property, Plant and Equipment [Table Text Block]	'
		September 29,			December 30,
		2013			2012
	Construction in process	$	26,002			23,744
	Buildings		67,306			53,962
	Furniture, fixtures, and equipment		240,156			212,729
	Leasehold improvements		356,777			313,354
	Property and equipment, gross		690,241			603,789
	Less accumulated depreciation		(267,408	)		(217,219	)
	Property and equipment, net	$	422,833			386,570

Note_8_Stockholders_Equity_Tab

Note 8 - Stockholders' Equity (Tables)	9 Months Ended
	Sep. 29, 2013
Disclosure Text Block Supplement [Abstract]	'
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	'
		Number			Weighted		Average remaining contractual life		Aggregate intrinsic
		of shares			average		(years)		value
					exercise price
	Outstanding, December 30, 2012		151,897		$	47.97		3.9	$	4,232
	Granted		39,498			87.53
	Exercised		(13,769	)		22.78
	Cancelled		(1,812	)		62.15
	Outstanding, September 29, 2013		175,814		$	58.68		4	$	8,934
	Exercisable, September 29, 2013		94,587			41.12		2.8		6,468
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]	'
		Number			Weighted
		of shares			average
					grant date
					fair value
	Outstanding, December 30, 2012		282,093		$	70.64
	Granted		162,992			87.67
	Vested		(4,530	)		86.33
	Cancelled		(15,893	)		72.88
	Outstanding, September 29, 2013		424,662		$	76.93

Note_9_Earnings_Per_Share_Tabl

Note 9 - Earnings Per Share (Tables)	9 Months Ended
	Sep. 29, 2013
Earnings Per Share [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	'
		Three months ended September 29, 2013
		Earnings		Shares		Per-share
		(numerator)		(denominator)		amount
	Net earnings	$	17,871
	Earnings per common share		17,871		18,778,675	$	0.95
	Effect of dilutive securities – stock options		—		67,385
	Effect of dilutive securities – restricted stock units		—		42,486
	Earnings per common share – assuming dilution	$	17,871		18,888,546		0.95
		Three months ended September 23, 2012
		Earnings		Shares		Per-share
		(numerator)		(denominator)		amount
	Net earnings	$	10,708
	Earnings per common share		10,708		18,588,598	$	0.58
	Effect of dilutive securities – stock options		—		80,487
	Effect of dilutive securities – restricted stock units		—		54,197
	Earnings per common share – assuming dilution	$	10,708		18,723,282		0.57
		Nine months ended September 29, 2013
		Earnings		Shares		Per-share
		(numerator)		(denominator)		amount
	Net earnings	$	50,739
	Earnings per common share		50,739		18,764,701	$	2.7
	Effect of dilutive securities – stock options		—		63,331
	Effect of dilutive securities – restricted stock units		—		14,162
	Earnings per common share – assuming dilution	$	50,739		18,842,194		2.69
		Nine months ended September 23, 2012
		Earnings		Shares		Per-share
		(numerator)		(denominator)		amount
	Net earnings	$	40,615
	Earnings per common share		40,615		18,572,953	$	2.19
	Effect of dilutive securities – stock options		—		83,819
	Effect of dilutive securities – restricted stock units		—		18,066
	Earnings per common share – assuming dilution	$	40,615		18,674,838		2.17
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	'
		Three months ended				Nine months ended
		September 29,		September 23,		September 29,		September 23,
		2013		2012		2013		2012
	Stock options		62,977		27,506		64,783		18,399
	Restricted stock units		382,176		403,777		410,500		439,908

Note_10_Supplemental_Disclosur1

Note 10 - Supplemental Disclosures of Cash Flow Information (Tables)	9 Months Ended
	Sep. 29, 2013
Supplemental Cash Flow Elements [Abstract]	'
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	'
		Nine months ended
		September 29,		September 23,
		2013		2012
	Cash paid during the period for:
	Income taxes	$	16,649		15,880
	Noncash financing and investing transactions:
	Property and equipment not yet paid for		1,571		5,374

Note_2_Summary_of_Significant_1

Note 2 - Summary of Significant Accounting Policies (Details)	3 Months Ended		9 Months Ended
	Sep. 29, 2013	Sep. 23, 2012	Sep. 29, 2013	Sep. 23, 2012
Accounting Policies [Abstract]	'	'	'	'
Percentage of Cost of Sales	23.70%	28.20%	25.40%	27.00%

Note_3_Fair_Value_Measurements2

Note 3 - Fair Value Measurements (Details) - Fair Value Measurements (USD $)	Sep. 29, 2013	Dec. 30, 2012
In Thousands, unless otherwise specified
Assets	'	'
Cash Equivalents	$26,585	$5,280
Marketable Securities	7,126	6,809
Fair Value, Inputs, Level 1 [Member]	'	'
Assets	'	'
Cash Equivalents	26,585	5,280
Marketable Securities	7,126	6,297
Fair Value, Inputs, Level 2 [Member]	'	'
Assets	'	'
Marketable Securities	'	$512

Note_4_Marketable_Securities_D

Note 4 - Marketable Securities (Details) (USD $)	Dec. 30, 2012
In Thousands, unless otherwise specified
Table Text Block [Abstract]	'
Held-to-maturity Securities, Fair Value	$2,770

Note_4_Marketable_Securities_D1

Note 4 - Marketable Securities (Details) - Marketable Securities (USD $)	Sep. 29, 2013	Dec. 30, 2012
In Thousands, unless otherwise specified
Held-to-maturity	'	'
Municipal securities	'	$2,770
Available-for-sale	'	'
Municipal securities	'	512
Trading	'	'
Mutual funds	7,126	6,297
Total	$7,126	$9,579

Note_5_Property_and_Equipment_1

Note 5 - Property and Equipment (Details) - Property and Equipment (USD $)	Sep. 29, 2013	Dec. 30, 2012
In Thousands, unless otherwise specified
Property and Equipment [Abstract]	'	'
Construction in process	$26,002	$23,744
Buildings	67,306	53,962
Furniture, fixtures, and equipment	240,156	212,729
Leasehold improvements	356,777	313,354
Property and equipment, gross	690,241	603,789
Less accumulated depreciation	-267,408	-217,219
Property and equipment, net	$422,833	$386,570

Note_6_Investments_in_Affiliat1

Note 6 - Investments in Affiliates (Details) (PizzaRev [Member])	Sep. 29, 2013
PizzaRev [Member]	'
Note 6 - Investments in Affiliates (Details) [Line Items]	'
Number of Restaurants	5

Note_7_Revolving_Credit_Facili1

Note 7 - Revolving Credit Facility (Details) (USD $)

1 Months Ended

8 Months Ended

Feb. 28, 2013

Sep. 29, 2013

Sep. 29, 2013

Sep. 29, 2013

Sep. 29, 2013

Sep. 29, 2013

Sep. 29, 2013

Sep. 29, 2013

Sep. 29, 2013

Sep. 29, 2013

Sep. 29, 2013

Sep. 29, 2013

LIBOR Election 1, Leverage Ratio Less than or Equal to .50 [Member]

LIBOR Election 1, Leverage Ratio Greater than or Equal to .51 [Member]

LIBOR Election 2, Leverage Ratio Less than or Equal to .50 [Member]

LIBOR Election 2, Leverage Ratio Greater than or Equal to .51 [Member]

Maximum Leverage Ratio for 0.15% Commitment Fee [Member]

Minimum Leverage Ratio for 0.20% Commitment Fee [Member]

Interest Rate Terms [Member]

Requirements [Member]

Minimum [Member]

Maximum [Member]

Note 7 - Revolving Credit Facility (Details) [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

Revolving Credit Facility Term

'3 years

'

'

'

'

'

'

'

'

'

'

'

Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)

'

$100,000,000

'

'

'

'

'

'

'

'

'

'

Line of Credit Facility, Covenant Terms

'

'

'

'

'

'

'

'

'A loan under the facility shall 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.

'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.

'

'

Debt Instrument, Basis Spread on Variable Rate

'

'

0.88%

1.13%

0.88%

1.13%

'

'

'

'

'

'

Leverage Ratio

'

'

0.5

0.51

0.5

0.51

0.5

0.51

'

'

'

'

Line of Credit Facility, Amount Outstanding (in Dollars)

'

0

'

'

'

'

'

'

'

'

'

'

Line of Credit Facility, Unused Capacity, Commitment Fee Percentage

'

'

'

'

'

'

'

'

'

'

0.15%

0.20%

Coverage Ratio

'

'

'

'

'

'

'

'

'

'

'2.50

'

Consolidated Total Leverage Ratio

'

'

'

'

'

'

'

'

'

'

'

'2.00

Earnings Before Interest, Taxes, Depreciation and Amortization (in Dollars)

'

'

'

'

'

'

'

'

'

'

$100,000,000

'

Note_8_Stockholders_Equity_Det

Note 8 - Stockholders' Equity (Details) (USD $)	9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 29, 2013	Sep. 23, 2012
Note 8 - Stockholders' Equity (Details) [Line Items]	'	'
Closing Stock Price (in Dollars per share)	$109.50	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value (in Dollars)	$833	$1,183
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in Dollars per share)	$87.53	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in Dollars per share)	$87.67	'
Restricted Stock or Unit Expense (in Dollars)	6,133	5,205
Share Based Compensation Arrangement by Share Based Payment Award Market Price Less Discount	85.00%	'
Stock Issued During Period, Shares, Employee Stock Purchase Plans (in Shares)	14,505	14,505
Equity Incentive Plan [Member]	'	'
Note 8 - Stockholders' Equity (Details) [Line Items]	'	'
Common Stock, Capital Shares Reserved for Future Issuance (in Shares)	5,400,000	'
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized (in Dollars)	1,838	'
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	'2 years 219 days	'
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in Dollars per share)	$37.09	$43.97
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in Shares)	1,335,150	'
Incentive Stock Options [Member]	'	'
Note 8 - Stockholders' Equity (Details) [Line Items]	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights	'four equal installments from the date of the grant	'
Incentive Stock Options [Member] | Minimum [Member]	'	'
Note 8 - Stockholders' Equity (Details) [Line Items]	'	'
Share-based Compensation Arrangement by Share-based Payment Award Contractual Life	'7 years	'
Incentive Stock Options [Member] | Maximum [Member]	'	'
Note 8 - Stockholders' Equity (Details) [Line Items]	'	'
Share-based Compensation Arrangement by Share-based Payment Award Contractual Life	'10 years	'
Nonqualified Stock Options [Member]	'	'
Note 8 - Stockholders' Equity (Details) [Line Items]	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights	'varying vesting periods from immediately to four years and have a contractual life of seven to ten years	'
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	'4 years	'
Nonqualified Stock Options [Member] | Minimum [Member]	'	'
Note 8 - Stockholders' Equity (Details) [Line Items]	'	'
Share-based Compensation Arrangement by Share-based Payment Award Contractual Life	'7 years	'
Nonqualified Stock Options [Member] | Maximum [Member]	'	'
Note 8 - Stockholders' Equity (Details) [Line Items]	'	'
Share-based Compensation Arrangement by Share-based Payment Award Contractual Life	'10 years	'
Restricted Stock Units (RSUs) [Member]	'	'
Note 8 - Stockholders' Equity (Details) [Line Items]	'	'
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized (in Dollars)	$14,270	'
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	'2 years	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in Dollars per share)	$87.67	$93.23
Employee Stock Purchase Plan [Member]	'	'
Note 8 - Stockholders' Equity (Details) [Line Items]	'	'
Common Stock, Capital Shares Reserved for Future Issuance (in Shares)	600,000	'
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in Shares)	233,415	'

Note_8_Stockholders_Equity_Det1

Note 8 - Stockholders' Equity (Details) - Stock Options Activity (USD $)	9 Months Ended	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 29, 2013	Dec. 30, 2012
Stock Options Activity [Abstract]	'	'
Outstanding, December 30, 2012	'	151,897
Outstanding, December 30, 2012 (in Dollars per share)	'	$47.97
Outstanding, December 30, 2012	'4 years	'3 years 328 days
Outstanding, December 30, 2012 (in Dollars)	'	$4,232
Granted	39,498	'
Granted (in Dollars per share)	$87.53	'
Exercised	-13,769	'
Exercised (in Dollars per share)	$22.78	'
Cancelled	-1,812	'
Cancelled (in Dollars per share)	$62.15	'
Outstanding, September 29, 2013	175,814	'
Outstanding, September 29, 2013 (in Dollars per share)	$58.68	'
Outstanding, September 29, 2013	'4 years	'3 years 328 days
Outstanding, September 29, 2013 (in Dollars)	8,934	'
Exercisable, September 29, 2013	94,587	'
Exercisable, September 29, 2013 (in Dollars per share)	$41.12	'
Exercisable, September 29, 2013	'2 years 292 days	'
Exercisable, September 29, 2013 (in Dollars)	$6,468	'

Note_8_Stockholders_Equity_Det2

Note 8 - Stockholders' Equity (Details) - Restricted Stock Activity (USD $)	9 Months Ended
	Sep. 29, 2013
Restricted Stock Activity [Abstract]	'
Outstanding, December 30, 2012	282,093
Outstanding, December 30, 2012 (in Dollars per share)	$70.64
Granted	162,992
Granted (in Dollars per share)	$87.67
Vested	-4,530
Vested (in Dollars per share)	$86.33
Cancelled	-15,893
Cancelled (in Dollars per share)	$72.88
Outstanding, September 29, 2013	424,662
Outstanding, September 29, 2013 (in Dollars per share)	$76.93

Note_9_Earnings_Per_Share_Deta

Note 9 - Earnings Per Share (Details) - Reconciliation of Basic and Fully Diluted Earnings Per Common Share (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 29, 2013	Sep. 23, 2012	Sep. 29, 2013	Sep. 23, 2012
Note 9 - Earnings Per Share (Details) - Reconciliation of Basic and Fully Diluted Earnings Per Common Share [Line Items]	'	'	'	'
Net earnings (in Dollars)	$17,871	$10,708	$50,739	$40,615
Earnings per common share (in Dollars)	17,871	10,708	50,739	40,615
Earnings per common share	18,778,675	18,588,598	18,764,701	18,572,953
Earnings per common share (in Dollars per share)	$0.95	$0.58	$2.70	$2.19
Earnings per common share – assuming dilution (in Dollars)	$17,871	$10,708	$50,739	$40,615
Earnings per common share – assuming dilution	18,888,546	18,723,282	18,842,194	18,674,838
Earnings per common share – assuming dilution (in Dollars per share)	$0.95	$0.57	$2.69	$2.17
Equity Option [Member]	'	'	'	'
Note 9 - Earnings Per Share (Details) - Reconciliation of Basic and Fully Diluted Earnings Per Common Share [Line Items]	'	'	'	'
Effect of dilutive securities	67,385	80,487	63,331	83,819
Restricted Stock Units (RSUs) [Member]	'	'	'	'
Note 9 - Earnings Per Share (Details) - Reconciliation of Basic and Fully Diluted Earnings Per Common Share [Line Items]	'	'	'	'
Effect of dilutive securities	42,486	54,197	14,162	18,066

Note_9_Earnings_Per_Share_Deta1

Note 9 - Earnings Per Share (Details) - Securities Excluded From Fully Diluted Calculations	3 Months Ended		9 Months Ended
	Sep. 29, 2013	Sep. 23, 2012	Sep. 29, 2013	Sep. 23, 2012
Equity Option [Member]	'	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'	'	'
Antidilutive securities excluded from fully diluted computations	62,977	27,506	64,783	18,399
Restricted Stock Units (RSUs) [Member]	'	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'	'	'
Antidilutive securities excluded from fully diluted computations	382,176	403,777	410,500	439,908

Note_10_Supplemental_Disclosur2

Note 10 - Supplemental Disclosures of Cash Flow Information (Details) - Supplemental Disclosures of Cash Flow Information (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 29, 2013	Sep. 23, 2012
Cash paid during the period for:	'	'
Income taxes	$16,649	$15,880
Noncash financing and investing transactions:	'	'
Property and equipment not yet paid for	$1,571	$5,374