Buffalo Wild Wings (BWLD) 10-Q 7 May 14 2014 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 30, 2014	2-May-14
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'BUFFALO WILD WINGS INC	'
Document Type	'10-Q	'
Current Fiscal Year End Date	'--12-28	'
Entity Common Stock, Shares Outstanding	'	18,901,221
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	30-Mar-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'

Consolidated_Balance_Sheets_un

Consolidated Balance Sheets (unaudited) (USD $)	Mar. 30, 2014	Dec. 29, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$72,548	$57,502
Marketable securities	7,674	7,584
Accounts receivable, net of allowance of $25	26,821	21,845
Inventory	10,339	9,492
Prepaid expenses	6,925	4,509
Refundable income taxes	'	4,329
Deferred income taxes	10,176	9,287
Restricted assets	42,375	68,208
Total current assets	176,858	182,756
Property and equipment, net	438,346	440,538
Reacquired franchise rights, net	32,270	33,403
Other assets	16,366	16,498
Goodwill	32,533	32,533
Total assets	696,373	705,728
Current liabilities:	'	'
Unearned franchise fees	1,692	1,818
Accounts payable	22,935	31,806
Accrued compensation and benefits	33,881	52,049
Accrued expenses	12,320	13,784
Income tax payable	15,514	'
Current portion of deferred lease credits	457	'
System-wide payables	42,208	67,017
Total current liabilities	129,007	166,474
Long-term liabilities:	'	'
Other liabilities	3,820	1,913
Deferred income taxes	31,516	37,822
Deferred lease credits, net of current portion	34,786	33,711
Total liabilities	199,129	239,920
Stockholders’ equity:	'	'
Common stock, no par value. Authorized 44,000,000 shares; issued and outstanding 18,896,686 and 18,803,663, respectively	136,817	133,203
Retained earnings	361,917	333,601
Accumulated other comprehensive loss	-1,490	-996
Total stockholders’ equity	497,244	465,808
Total liabilities and stockholders’ equity	$696,373	$705,728

Consolidated_Balance_Sheets_un1

Consolidated Balance Sheets (unaudited) (Parentheticals) (USD $)	Mar. 30, 2014	Dec. 29, 2013
In Thousands, except Share data, unless otherwise specified
Accounts receivable, allowance (in Dollars)	$25	$25
Undesignated stock, shares authorized	1,000,000	1,000,000
Common stock, par value (in Dollars per share)	$0	$0
Common stock, shares authorized	44,000,000	44,000,000
Common stock, shares issued	18,896,686	18,803,663
Common stock, shares outstanding	18,896,686	18,803,663

Consolidated_Statements_of_Ear

Consolidated Statements of Earnings (unaudited) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 30, 2014	Mar. 31, 2013
Revenue:	'	'
Restaurant sales	$344,945	$284,425
Franchise royalties and fees	22,910	19,939
Total revenue	367,855	304,364
Costs and expenses:	'	'
Cost of sales	97,487	93,091
Labor	105,334	85,831
Operating	49,038	41,105
Occupancy	18,969	16,126
Depreciation and amortization	22,832	20,143
General and administrative	28,156	21,297
Preopening	2,578	4,271
Loss on asset disposals and impairment	787	571
Total costs and expenses	325,181	282,435
Income from operations	42,674	21,929
Other income (loss)	-127	345
Earnings before income taxes	42,547	22,274
Income tax expense	14,231	5,895
Net earnings	$28,316	$16,379
Earnings per common share – basic (in Dollars per share)	$1.50	$0.87
Earnings per common share – diluted (in Dollars per share)	$1.49	$0.87
Weighted average shares outstanding – basic (in Shares)	18,872,556	18,747,715
Weighted average shares outstanding – diluted (in Shares)	18,953,133	18,802,811

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 30, 2014	Mar. 31, 2013
Net earnings	$28,316	$16,379
Other comprehensive loss	'	'
Foreign currency translation adjustments	-494	-457
Other comprehensive loss, net of tax	-494	-457
Comprehensive income	$27,822	$15,922

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 30, 2014	Mar. 31, 2013
Cash flows from operating activities:	'	'
Net earnings	$28,316	$16,379
Adjustments to reconcile net earnings to net cash provided by operations:	'	'
Depreciation	21,699	18,906
Amortization	1,133	1,237
Loss on asset disposals and impairment	787	556
Deferred lease credits	998	823
Deferred income taxes	-6,892	-1,481
Stock-based compensation	3,615	870
Excess tax benefit from stock issuance	-29	-131
Change in operating assets and liabilities, net of effect of acquisition:	'	'
Trading securities	-90	-510
Accounts receivable	-3,403	1,624
Inventory	-859	-795
Prepaid expenses	-2,423	332
Other assets	121	-418
Unearned franchise fees	-126	172
Accounts payable	-4,211	-4,716
Income taxes	19,872	6,347
Accrued expenses	-10,414	-11,377
Net cash provided by operating activities	48,094	27,818
Cash flows from investing activities:	'	'
Acquisition of property and equipment	-25,732	-34,538
Acquisition of businesses/investments in affiliates	'	-10,171
Proceeds from marketable securities	'	3,282
Net cash used in investing activities	-25,732	-41,427
Cash flows from financing activities:	'	'
Proceeds from line of credit	'	5,000
Issuance of common stock	244	174
Excess tax benefit from stock issuance	29	131
Tax payments for restricted stock units	-7,474	-4,813
Net cash provided by (used in) financing activities	-7,201	492
Effect of exchange rate changes on cash and cash equivalents	-115	-188
Net increase (decrease) in cash and cash equivalents	15,046	-13,305
Cash and cash equivalents at beginning of period	57,502	21,340
Cash and cash equivalents at end of period	$72,548	$8,035

Note_1_Basis_of_Financial_Stat

Note 1 - Basis of Financial Statement Presentation	3 Months Ended
	Mar. 30, 2014
Disclosure Text Block [Abstract]	'
Basis of Accounting [Text Block]	'
	-1	Basis of Financial Statement Presentation
	The consolidated financial statements as of March 30, 2014 and December 29, 2013, and for the three-month periods ended March 30, 2014 and March 31, 2013 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 March 30, 2014 and for the three-month periods ended March 30, 2014 and March 31, 2013 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.
	The financial information as of December 29, 2013 is derived from our audited consolidated financial statements and notes thereto for the fiscal year ended December 29, 2013, which is included in Item 8 in the Fiscal 2013 Annual Report on Form 10-K and should be read in conjunction with such financial statements.
	The results of operations for the three-month period ended March 30, 2014 are not necessarily indicative of the results of operations that may be achieved for the entire year ending December 28, 2014.

Note_2_Summary_of_Significant_

Note 2 - Summary of Significant Accounting Policies	3 Months Ended
	Mar. 30, 2014
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 wing market plus mark-up for processing and distribution. For the three-month periods ended March 30, 2014 and March 31, 2013, chicken wings were 20.5% and 28.8%, of restaurant cost of sales, respectively.
		(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	3 Months Ended
	Mar. 30, 2014
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 March 30, 2014:
			Fair Value Measurements
			Level 1		Level 2		Level 3		Total
	Assets
	Cash Equivalents		$	59,588		—		—		59,588
	Marketable Securities			7,674		—		—		7,674
	Restricted Assets			1,870		3,955		—		5,825
	The following table summarizes the financial instruments measured at fair value in our consolidated balance sheet as of December 29, 2013:
			Fair Value Measurements
			Level 1		Level 2		Level 3		Total
	Assets
	Cash Equivalents		$	33,587		—		—		33,587
	Marketable Securities			7,584		—		—		7,584
	Restricted Assets			5,823		—		—		5,823
	Our cash equivalents are comprised of money market funds which are valued using the Level 1 approach. Our marketable securities were classified as trading securities 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 restricted assets include money market mutual funds and variable rate demand obligations and are valued using either the Level 1 or Level 2 approach.
	There were no transfers between Level 1 and Level 2 of the fair value hierarchy during the three-month periods ended March 30, 2014 or March 31, 2013.

Note_4_Marketable_Securities

Note 4 - Marketable Securities	3 Months Ended
	Mar. 30, 2014
Investments, Debt and Equity Securities [Abstract]	'
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	'
	-4	Marketable Securities
	Marketable securities consisted of the following:
			March 30,		December 29,
			2014		2013
	Trading
	Mutual funds		$	7,674		7,584
	Total		$	7,674		7,584
	Trading securities represent investments held for future needs of a non-qualified deferred compensation plan.

Note_5_Property_and_Equipment

Note 5 - Property and Equipment	3 Months Ended
	Mar. 30, 2014
Property, Plant and Equipment [Abstract]	'
Property, Plant and Equipment Disclosure [Text Block]	'
	-5	Property and Equipment
	Property and equipment consisted of the following:
			March 30,			December 29,
			2014			2013
	Construction in process		$	13,060		$	18,792
	Buildings			74,561			72,939
	Furniture, fixtures, and equipment			262,320			254,484
	Leasehold improvements			394,091			380,155
	Property and equipment, gross			744,032			726,370
	Less accumulated depreciation			(305,686	)		(285,832	)
	Property and equipment, net		$	438,346		$	440,538

Note_6_Investments_in_Affiliat

Note 6 - Investments in Affiliates	3 Months Ended
	Mar. 30, 2014
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, as well as licensing rights for $6,000. As of March 30, 2014, Pizza Rev had eight fast casual pizza restaurants in California. 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. Investment in affiliates is included in other assets in our Consolidated Balance Sheets.

Note_7_Revolving_Credit_Facili

Note 7 - Revolving Credit Facility	3 Months Ended
	Mar. 30, 2014
Debt Disclosure [Abstract]	'
Debt Disclosure [Text Block]	'
	-7	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 .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. As of March 30, 2014, 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 March 30, 2014, we were in compliance with all of these covenants.
	In May 2014, we extended the maturity date of the facility to February 7, 2017.

Note_8_Stockholders_Equity

Note 8 - Stockholders' Equity	3 Months Ended
	Mar. 30, 2014
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 this 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 three months ended March 30, 2014 as follows:
			Number		Weighted		Average remaining		Aggregate intrinsic
			of shares		average		contractual life		value
					exercise price		(years)
	Outstanding, December 29, 2013			163,609	$	60.67		3.9	$	13,974
	Granted			—		—
	Exercised			-4,277		57.07
	Cancelled			-1,407		83.58
	Outstanding, March 30, 2014			157,925	$	60.56		3.6	$	13,733
	Exercisable, March 30, 2014			109,640		50.16		2.9		10,675
	The aggregate intrinsic value in the table above is before applicable income taxes, based on our closing stock price of $147.52 as of the last business day of the quarter ended March 30, 2014, which would have been received by the optionees had all options been exercised on that date. As of March 30, 2014, total unrecognized stock-based compensation expense related to nonvested stock options was approximately $1,383, which is expected to be recognized over a weighted average period of approximately 2.2 years. During the three-month periods ended March 30, 2014 and March 31, 2013, the total intrinsic value of stock options exercised was $336 and $602, respectively. No shares were granted or vested during the three-month periods ended March 30, 2014 or March 31, 2013.
	The Plan had 1,482,389 shares available for grant as of March 30, 2014.
		(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 three months ended March 30, 2014 is as follows:
			Number		Weighted
			of shares		average
					grant date
					fair value
	Outstanding, December 29, 2013			279,120	$	88.57
	Granted			—		—
	Vested			—		—
	Cancelled			6,735		88.61
	Outstanding, March 30, 2014			272,385	$	88.57
	As of March 30, 2014, the total stock-based compensation expense related to nonvested awards not yet recognized was $10,847, which is expected to be recognized over a weighted average period of 1.5 years. No shares were granted or vested during the three-month periods ended March 30, 2014 and March 31, 2013. During the three-month periods ended March 30, 2014 and March 31, 2013, we recognized $3,282 and $599, 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 quarters of 2014 and 2013, we issued no shares of common stock under the plan. As of March 30, 2014, we had 221,308 shares available for future issuance under the ESPP.

Note_9_Earnings_Per_Common_Sha

Note 9 - Earnings Per Common Share	3 Months Ended
	Mar. 30, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share [Text Block]	'
	-9	Earnings Per Common Share
	The following is a reconciliation of basic and fully diluted earnings per common share for the three-month periods ended March 30, 2014 and March 31, 2013:
			Three months ended March 30, 2014
			Earnings		Shares		Per-share
			(numerator)		(denominator)		amount
	Net earnings		$	28,316
	Earnings per common share			28,316		18,872,556	$	1.5
	Effect of dilutive securities – stock options			—		80,577
	Earnings per common share – assuming dilution		$	28,316		18,953,133	$	1.49
			Three months ended March 31, 2013
			Earnings		Shares		Per-share
			(numerator)		(denominator)		amount
	Net earnings		$	16,379
	Earnings per common share			16,379		18,747,715	$	0.87
	Effect of dilutive securities – stock options			—		55,096
	Earnings per common share – assuming dilution		$	16,379		18,802,811	$	0.87
	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:
			March 30,		March 31,
			2014		2013
	Stock options			—		26,291
	Restricted stock units			272,385		278,901

Note_10_Supplemental_Disclosur

Note 10 - Supplemental Disclosures of Cash Flow Information	3 Months Ended
	Mar. 30, 2014
Supplemental Cash Flow Elements [Abstract]	'
Cash Flow, Supplemental Disclosures [Text Block]	'
	-10	Supplemental Disclosures of Cash Flow Information
			Three months ended
			March 30,		March 31,
			2014		2013
	Cash paid during the period for:
	Income taxes		$	1,322		1,071
	Noncash financing and investing transactions:
	Property and equipment not yet paid for			4,642		(1,725	)

Note_11_Contingencies

Note 11 - Contingencies	3 Months Ended
	Mar. 30, 2014
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)	3 Months Ended
	Mar. 30, 2014
Accounting Policies [Abstract]	'
Inventory, Policy [Policy Text Block]	'
	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 wing market plus mark-up for processing and distribution. For the three-month periods ended March 30, 2014 and March 31, 2013, chicken wings were 20.5% and 28.8%, of restaurant cost of sales, respectively.
New Accounting Pronouncements, Policy [Policy Text Block]	'
	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_Measurements1

Note 3 - Fair Value Measurements (Tables)	3 Months Ended
	Mar. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block]	'
		Fair Value Measurements
		Level 1		Level 2		Level 3		Total
	Assets
	Cash Equivalents	$	59,588		—		—		59,588
	Marketable Securities		7,674		—		—		7,674
	Restricted Assets		1,870		3,955		—		5,825
		Fair Value Measurements
		Level 1		Level 2		Level 3		Total
	Assets
	Cash Equivalents	$	33,587		—		—		33,587
	Marketable Securities		7,584		—		—		7,584
	Restricted Assets		5,823		—		—		5,823

Note_4_Marketable_Securities_T

Note 4 - Marketable Securities (Tables)	3 Months Ended
	Mar. 30, 2014
Investments, Debt and Equity Securities [Abstract]	'
Marketable Securities [Table Text Block]	'
		March 30,		December 29,
		2014		2013
	Trading
	Mutual funds	$	7,674		7,584
	Total	$	7,674		7,584

Note_5_Property_and_Equipment_

Note 5 - Property and Equipment (Tables)	3 Months Ended
	Mar. 30, 2014
Property, Plant and Equipment [Abstract]	'
Property, Plant and Equipment [Table Text Block]	'
		March 30,			December 29,
		2014			2013
	Construction in process	$	13,060		$	18,792
	Buildings		74,561			72,939
	Furniture, fixtures, and equipment		262,320			254,484
	Leasehold improvements		394,091			380,155
	Property and equipment, gross		744,032			726,370
	Less accumulated depreciation		(305,686	)		(285,832	)
	Property and equipment, net	$	438,346		$	440,538

Note_8_Stockholders_Equity_Tab

Note 8 - Stockholders' Equity (Tables)	3 Months Ended
	Mar. 30, 2014
Disclosure Text Block Supplement [Abstract]	'
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	'
		Number		Weighted		Average remaining		Aggregate intrinsic
		of shares		average		contractual life		value
				exercise price		(years)
	Outstanding, December 29, 2013		163,609	$	60.67		3.9	$	13,974
	Granted		—		—
	Exercised		-4,277		57.07
	Cancelled		-1,407		83.58
	Outstanding, March 30, 2014		157,925	$	60.56		3.6	$	13,733
	Exercisable, March 30, 2014		109,640		50.16		2.9		10,675
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 29, 2013		279,120	$	88.57
	Granted		—		—
	Vested		—		—
	Cancelled		6,735		88.61
	Outstanding, March 30, 2014		272,385	$	88.57

Note_9_Earnings_Per_Common_Sha1

Note 9 - Earnings Per Common Share (Tables)	3 Months Ended
	Mar. 30, 2014
Earnings Per Share [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	'
		Three months ended March 30, 2014
		Earnings		Shares		Per-share
		(numerator)		(denominator)		amount
	Net earnings	$	28,316
	Earnings per common share		28,316		18,872,556	$	1.5
	Effect of dilutive securities – stock options		—		80,577
	Earnings per common share – assuming dilution	$	28,316		18,953,133	$	1.49
		Three months ended March 31, 2013
		Earnings		Shares		Per-share
		(numerator)		(denominator)		amount
	Net earnings	$	16,379
	Earnings per common share		16,379		18,747,715	$	0.87
	Effect of dilutive securities – stock options		—		55,096
	Earnings per common share – assuming dilution	$	16,379		18,802,811	$	0.87
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	'
		March 30,		March 31,
		2014		2013
	Stock options		—		26,291
	Restricted stock units		272,385		278,901

Note_10_Supplemental_Disclosur1

Note 10 - Supplemental Disclosures of Cash Flow Information (Tables)	3 Months Ended
	Mar. 30, 2014
Supplemental Cash Flow Elements [Abstract]	'
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	'
		Three months ended
		March 30,		March 31,
		2014		2013
	Cash paid during the period for:
	Income taxes	$	1,322		1,071
	Noncash financing and investing transactions:
	Property and equipment not yet paid for		4,642		(1,725	)

Note_2_Summary_of_Significant_1

Note 2 - Summary of Significant Accounting Policies (Details) (Chicken Wings [Member])	3 Months Ended
	Mar. 30, 2014	Mar. 31, 2013
Chicken Wings [Member]	'	'
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]	'	'
Percentage of Cost of Sales	20.50%	28.80%

Note_3_Fair_Value_Measurements2

Note 3 - Fair Value Measurements (Details) (USD $)	Mar. 30, 2014	Mar. 31, 2013
Fair Value Disclosures [Abstract]	'	'
Fair Value, Assets, Level 1 to Level 2 Transfers, Amount	$0	$0
Fair Value, Assets, Level 2 to Level 1 Transfers, Amount	$0	$0

Note_3_Fair_Value_Measurements3

Note 3 - Fair Value Measurements (Details) - Fair Value Measurements (USD $)	Mar. 30, 2014	Dec. 29, 2013
In Thousands, unless otherwise specified
Assets	'	'
Cash Equivalents	$59,588	$33,587
Marketable Securities	7,674	7,584
Restricted Assets	5,825	5,823
Fair Value, Inputs, Level 1 [Member]	'	'
Assets	'	'
Cash Equivalents	59,588	33,587
Marketable Securities	7,674	7,584
Restricted Assets	1,870	5,823
Fair Value, Inputs, Level 2 [Member]	'	'
Assets	'	'
Restricted Assets	$3,955	'

Note_4_Marketable_Securities_D

Note 4 - Marketable Securities (Details) - Marketable Securities (USD $)	Mar. 30, 2014	Dec. 29, 2013
In Thousands, unless otherwise specified
Marketable Securities [Abstract]	'	'
Mutual funds	$7,674	$7,584
Total	$7,674	$7,584

Note_5_Property_and_Equipment_1

Note 5 - Property and Equipment (Details) - Property and Equipment (USD $)	Mar. 30, 2014	Dec. 29, 2013
In Thousands, unless otherwise specified
Property and Equipment [Abstract]	'	'
Construction in process	$13,060	$18,792
Buildings	74,561	72,939
Furniture, fixtures, and equipment	262,320	254,484
Leasehold improvements	394,091	380,155
Property and equipment, gross	744,032	726,370
Less accumulated depreciation	-305,686	-285,832
Property and equipment, net	$438,346	$440,538

Note_6_Investments_in_Affiliat1

Note 6 - Investments in Affiliates (Details) (USD $)	3 Months Ended	1 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2013	Mar. 31, 2013	Mar. 30, 2014
		PizzaRev [Member]	PizzaRev [Member]
Note 6 - Investments in Affiliates (Details) [Line Items]	'	'	'
Payments to Acquire Businesses, Net of Cash Acquired	$10,171	$6,000	'
Number of Restaurants	'	'	8

Note_7_Revolving_Credit_Facili1

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

Mar. 30, 2014

Feb. 28, 2013

Feb. 28, 2013

Feb. 28, 2013

Feb. 28, 2013

Feb. 28, 2013

Feb. 28, 2013

Feb. 28, 2013

Feb. 28, 2013

Feb. 28, 2013

Feb. 28, 2013

Feb. 28, 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]

'

'

'

'

'

'

'

'

'

'

'

'

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

'

$100,000

'

'

'

'

'

'

'

'

'

'

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.

'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

'

'

'

'

'

'

'

'

'

'

2.5

'

Consolidated Total Leverage Ratio

'

'

'

'

'

'

'

'

'

'

'

2

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

'

'

'

'

'

'

'

'

'

'

$100,000

'

Note_8_Stockholders_Equity_Det

Note 8 - Stockholders' Equity (Details) (USD $)	3 Months Ended
	Mar. 30, 2014	Mar. 31, 2013
Note 8 - Stockholders' Equity (Details) [Line Items]	'	'
Closing Stock Price (in Dollars per share)	$147.52	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value (in Dollars)	$336,000	$602,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	0	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares	0	0
Incentive Stock Options [Member] | Equity Incentive Plan [Member]	'	'
Note 8 - Stockholders' Equity (Details) [Line Items]	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period, Number of Installments (in Dollars)	4	'
Incentive Stock Options [Member] | Equity Incentive Plan [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] | Equity Incentive Plan [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] | Equity Incentive Plan [Member]	'	'
Note 8 - Stockholders' Equity (Details) [Line Items]	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	'4 years	'
Nonqualified Stock Options [Member] | Equity Incentive Plan [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] | Equity Incentive Plan [Member] | Maximum [Member]	'	'
Note 8 - Stockholders' Equity (Details) [Line Items]	'	'
Share-based Compensation Arrangement by Share-based Payment Award Contractual Life	'10 years	'
Equity Incentive Plan [Member]	'	'
Note 8 - Stockholders' Equity (Details) [Line Items]	'	'
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized (in Dollars)	1,383,000	'
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	'2 years 73 days	'
Restricted Stock Units (RSUs) [Member]	'	'
Note 8 - Stockholders' Equity (Details) [Line Items]	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	'3 years	'
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized (in Dollars)	10,847,000	'
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	'1 year 6 months	'
Share-based Compensation Arrangement By Share-based Payment Award, Award Vesting Requirement, Duration of Earnings Target	'3 years	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	0	0
Restricted Stock or Unit Expense (in Dollars)	$3,282,000	$599,000
Equity Incentive Plan [Member]	'	'
Note 8 - Stockholders' Equity (Details) [Line Items]	'	'
Common Stock, Capital Shares Reserved for Future Issuance	5,400,000	'
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	1,482,389	'
Employee Stock Purchase Plan [Member]	'	'
Note 8 - Stockholders' Equity (Details) [Line Items]	'	'
Common Stock, Capital Shares Reserved for Future Issuance	600,000	'
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	221,308	'
Share Based Compensation Arrangement by Share Based Payment Award Market Price Less Discount	85.00%	'
Stock Issued During Period, Shares, Employee Stock Purchase Plans	0	0

Note_8_Stockholders_Equity_Det1

Note 8 - Stockholders' Equity (Details) - Stock Options Activity (USD $)	3 Months Ended	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 30, 2014	Dec. 29, 2013
Stock Options Activity [Abstract]	'	'
Number of shares	157,925	163,609
Weighted average exercise price	$60.56	$60.67
Average remaining contractual life	'3 years 219 days	'3 years 328 days
Aggregate Intrinsic Value	$13,733	$13,974
Exercisable, March 30, 2014	109,640	'
Exercisable, March 30, 2014	$50.16	'
Exercisable, March 30, 2014	'2 years 328 days	'
Exercisable, March 30, 2014	$10,675	'
Exercised	-4,277	'
Exercised	$57.07	'
Cancelled	-1,407	'
Cancelled	$83.58	'

Note_8_Stockholders_Equity_Det2

Note 8 - Stockholders' Equity (Details) - Restricted Stock Activity (USD $)	3 Months Ended
	Mar. 30, 2014
Restricted Stock Activity [Abstract]	'
Outstanding, December 29, 2013	279,120
Outstanding, December 29, 2013	$88.57
Cancelled	6,735
Cancelled	$88.61
Outstanding, March 30, 2014	272,385
Outstanding, March 30, 2014	$88.57

Note_9_Earnings_Per_Common_Sha2

Note 9 - Earnings Per Common Share (Details) - Reconciliation of Basic and Fully Diluted Earnings Per Common Share (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 30, 2014	Mar. 31, 2013
Note 9 - Earnings Per Common Share (Details) - Reconciliation of Basic and Fully Diluted Earnings Per Common Share [Line Items]	'	'
Net earnings	$28,316	$16,379
Earnings per common share	28,316	16,379
Earnings per common share	18,872,556	18,747,715
Earnings per common share	$1.50	$0.87
Earnings per common share – assuming dilution	$28,316	$16,379
Earnings per common share – assuming dilution	18,953,133	18,802,811
Earnings per common share – assuming dilution	$1.49	$0.87
Equity Option [Member]	'	'
Note 9 - Earnings Per Common Share (Details) - Reconciliation of Basic and Fully Diluted Earnings Per Common Share [Line Items]	'	'
Effect of dilutive securities – stock options	80,577	55,096

Note_9_Earnings_Per_Common_Sha3

Note 9 - Earnings Per Common Share (Details) - Securities Excluded From Fully Diluted Calculations	3 Months Ended
	Mar. 30, 2014	Mar. 31, 2013
Equity Option [Member]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Antidilutive securities excluded from fully diluted computations	'	26,291
Restricted Stock Units (RSUs) [Member]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Antidilutive securities excluded from fully diluted computations	272,385	278,901

Note_10_Supplemental_Disclosur2

Note 10 - Supplemental Disclosures of Cash Flow Information (Details) - Supplemental Disclosures of Cash Flow Information (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 30, 2014	Mar. 31, 2013
Cash paid during the period for:	'	'
Income taxes	$1,322	$1,071
Noncash financing and investing transactions:	'	'
Property and equipment not yet paid for	$4,642	($1,725)