Red Robin Gourmet Burgers (RRGB) 10-Q 5 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Oct. 06, 2019	Nov. 04, 2019
Document and Entity Information
Entity Registrant Name	RED ROBIN GOURMET BURGERS INC
Entity Central Index Key	0001171759
Current Fiscal Year End Date	--12-29
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Oct. 6, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		12,939,670
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Current Reporting Status	Yes

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Oct. 06, 2019	Dec. 30, 2018
Current assets:
Cash and cash equivalents	$ 20,211	$ 18,569
Accounts receivable, net	11,470	25,034
Inventories	27,053	27,370
Prepaid expenses and other current assets	16,450	27,576
Total current assets	75,184	98,549
Property and equipment, net	522,387	565,142
Right of use assets, net	441,701
Goodwill	96,162	95,838
Intangible assets, net	30,937	34,609
Other assets, net	79,288	49,803
Total assets	1,245,659	843,941
Current liabilities:
Accounts payable	37,050	39,024
Accrued payroll and payroll-related liabilities	37,542	37,922
Unearned revenue	37,913	55,360
Short-term portion of lease obligations	43,303	786
Accrued liabilities and other	41,823	38,057
Total current liabilities	197,631	171,149
Deferred rent	0	75,675
Long-term debt	188,875	193,375
Long-term portion of lease obligations	481,295	9,414
Other non-current liabilities	10,067	11,523
Total liabilities	877,868	461,136
Stockholders’ equity:
Common stock; $0.001 par value: 45,000 shares authorized; 17,851 and 17,851 shares issued; 12,957 and 12,971 shares outstanding	18	18
Preferred stock, $0.001 par value: 3,000 shares authorized; no shares issued and outstanding	0	0
Treasury stock 4,894 and 4,880 shares, at cost	(201,350)	(201,505)
Paid-in capital	213,141	212,752
Accumulated other comprehensive loss, net of tax	(4,986)	(4,801)
Retained earnings	360,968	376,341
Total stockholders’ equity	367,791	382,805
Total liabilities and stockholders’ equity	$ 1,245,659	$ 843,941

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Oct. 06, 2019	Dec. 30, 2018
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	45,000,000	45,000,000
Common stock, shares issued	17,851,000	17,851,000
Common stock, shares outstanding	12,957,000	12,971,000
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	3,000,000	3,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Treasury stock, shares	4,894,000	4,880,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 06, 2019	Oct. 07, 2018	Oct. 06, 2019	Oct. 07, 2018
Revenues:
Total revenues	$ 294,222	$ 294,877	$ 1,012,069	$ 1,031,784
Restaurant operating costs (excluding depreciation and amortization shown separately below):
Cost of sales	69,017	69,003	235,119	242,392
Labor	104,870	102,322	354,302	351,813
Other operating	44,317	43,612	142,882	141,305
Occupancy	24,942	26,629	85,420	88,099
Depreciation and amortization	21,280	21,819	71,087	73,335
Selling, general, and administrative expenses	36,776	28,780	120,126	110,715
Pre-opening costs	0	387	319	2,093
Other (gains) charges	(1,757)	520	17,488	17,422
Total costs and expenses	299,445	293,072	1,026,743	1,027,174
(Loss) income from operations	(5,223)	1,805	(14,674)	4,610
Other expense:
Interest expense, net and other	1,812	2,295	7,203	8,087
Loss before income taxes	(7,035)	(490)	(21,877)	(3,477)
Income tax benefit	(5,214)	(2,199)	(21,676)	(7,692)
Net (loss) income	$ (1,821)	$ 1,709	$ (201)	$ 4,215
(Loss) earnings per share:
Basic (in dollars per share)	$ (0.14)	$ 0.13	$ (0.02)	$ 0.32
Diluted (in dollars per share)	$ (0.14)	$ 0.13	$ (0.02)	$ 0.32
Weighted average shares outstanding:
Basic (in shares)	12,959	12,994	12,967	12,977
Diluted (in shares)	12,959	13,054	12,967	13,064
Other comprehensive (loss) income:
Foreign currency translation adjustment	$ (262)	$ 261	$ (185)	$ (509)
Other comprehensive (loss) income, net of tax	(262)	261	(185)	(509)
Total comprehensive (loss) income	(2,083)	1,970	(386)	3,706
Restaurant revenue
Revenues:
Total revenues	289,862	290,218	992,764	1,015,312
Franchise and other revenues
Revenues:
Total revenues	$ 4,360	$ 4,659	$ 19,305	$ 16,472

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Treasury Stock	Paid-in Capital	Accumulated Other Comprehensive Loss, net of tax	Retained Earnings
Beginning balance (in shares) at Dec. 31, 2017		17,851	4,897
Beginning balance at Dec. 31, 2017	$ 387,435	$ 18	$ (202,485)	$ 210,708	$ (3,566)	$ 382,760
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of options, issuance of restricted stock, shares exchanged for exercise and tax, and stock issued through employee stock purchase plan (in shares)			(26)
Exercise of options, issuance of restricted stock, shares exchanged for exercise and tax, and stock issued through employee stock purchase plan	(125)		$ 1,042	(1,167)
Non-cash stock compensation	1,287			1,287
Net income	4,380					4,380
Other comprehensive loss	(273)				(273)
Ending balance (in shares) at Apr. 22, 2018		17,851	4,871
Ending balance at Apr. 22, 2018	392,704	$ 18	$ (201,443)	210,828	(3,839)	387,140
Beginning balance (in shares) at Dec. 31, 2017		17,851	4,897
Beginning balance at Dec. 31, 2017	387,435	$ 18	$ (202,485)	210,708	(3,566)	382,760
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	4,215
Other comprehensive loss	(509)
Ending balance (in shares) at Oct. 07, 2018		17,851	4,855
Ending balance at Oct. 07, 2018	394,172	$ 18	$ (200,748)	212,002	(4,075)	386,975
Beginning balance (in shares) at Apr. 22, 2018		17,851	4,871
Beginning balance at Apr. 22, 2018	392,704	$ 18	$ (201,443)	210,828	(3,839)	387,140
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of options, issuance of restricted stock, shares exchanged for exercise and tax, and stock issued through employee stock purchase plan (in shares)			(22)
Exercise of options, issuance of restricted stock, shares exchanged for exercise and tax, and stock issued through employee stock purchase plan	416		$ 961	(545)
Non-cash stock compensation	1,069			1,069
Net income	(1,874)					(1,874)
Other comprehensive loss	(497)				(497)
Ending balance (in shares) at Jul. 15, 2018		17,851	4,849
Ending balance at Jul. 15, 2018	391,818	$ 18	$ (200,482)	211,352	(4,336)	385,266
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of options, issuance of restricted stock, shares exchanged for exercise and tax, and stock issued through employee stock purchase plan (in shares)			(2)
Exercise of options, issuance of restricted stock, shares exchanged for exercise and tax, and stock issued through employee stock purchase plan	(24)		$ 70	(94)
Acquisition of treasury stock (in shares)			8
Acquisition of treasury stock	(336)		$ (336)
Non-cash stock compensation	744			744
Net income	1,709					1,709
Other comprehensive loss	261				261
Ending balance (in shares) at Oct. 07, 2018		17,851	4,855
Ending balance at Oct. 07, 2018	394,172	$ 18	$ (200,748)	212,002	(4,075)	386,975
Beginning balance (in shares) at Dec. 30, 2018		17,851	4,880
Beginning balance at Dec. 30, 2018	382,805	$ 18	$ (201,505)	212,752	(4,801)	376,341
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of options, issuance of restricted stock, shares exchanged for exercise and tax, and stock issued through employee stock purchase plan (in shares)			(32)
Exercise of options, issuance of restricted stock, shares exchanged for exercise and tax, and stock issued through employee stock purchase plan	140		$ 1,344	(1,204)
Acquisition of treasury stock (in shares)			31
Acquisition of treasury stock	(974)		$ (974)
Non-cash stock compensation	477			477
Net income	639					639
Other comprehensive loss	(329)				(329)
Ending balance (in shares) at Apr. 21, 2019		17,851	4,879
Ending balance at Apr. 21, 2019	367,586	$ 18	$ (201,135)	212,025	(5,130)	361,808
Beginning balance (in shares) at Dec. 30, 2018		17,851	4,880
Beginning balance at Dec. 30, 2018	382,805	$ 18	$ (201,505)	212,752	(4,801)	376,341
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	(201)
Other comprehensive loss	(185)
Ending balance (in shares) at Oct. 06, 2019		17,851	4,894
Ending balance at Oct. 06, 2019	367,791	$ 18	$ (201,350)	213,141	(4,986)	360,968
Beginning balance (in shares) at Apr. 21, 2019		17,851	4,879
Beginning balance at Apr. 21, 2019	367,586	$ 18	$ (201,135)	212,025	(5,130)	361,808
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of options, issuance of restricted stock, shares exchanged for exercise and tax, and stock issued through employee stock purchase plan (in shares)			(30)
Exercise of options, issuance of restricted stock, shares exchanged for exercise and tax, and stock issued through employee stock purchase plan	301		$ 1,208	(907)
Acquisition of treasury stock (in shares)			17
Acquisition of treasury stock	(501)		$ (501)
Non-cash stock compensation	941			941
Net income	981					981
Other comprehensive loss	406				406
Ending balance (in shares) at Jul. 14, 2019		17,851	4,866
Ending balance at Jul. 14, 2019	369,714	$ 18	$ (200,428)	212,059	(4,724)	362,789
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of options, issuance of restricted stock, shares exchanged for exercise and tax, and stock issued through employee stock purchase plan (in shares)			(1)
Exercise of options, issuance of restricted stock, shares exchanged for exercise and tax, and stock issued through employee stock purchase plan	(7)		$ 37	(44)
Acquisition of treasury stock (in shares)			29
Acquisition of treasury stock	(959)		$ (959)
Non-cash stock compensation	1,126			1,126
Net income	(1,821)					(1,821)
Other comprehensive loss	(262)				(262)
Ending balance (in shares) at Oct. 06, 2019		17,851	4,894
Ending balance at Oct. 06, 2019	$ 367,791	$ 18	$ (201,350)	$ 213,141	$ (4,986)	$ 360,968

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Oct. 06, 2019	Oct. 07, 2018
Cash flows from operating activities:
Net income	$ (201)	$ 4,215
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	71,087	73,335
Gift card breakage	(4,899)	(2,210)
Unpaid other charges	2,929	13,925
Deferred income tax benefit	(27,477)	(11,569)
Stock-based compensation expense	2,539	3,101
Other, net	665	1,033
Changes in operating assets and liabilities:
Accounts receivable	14,059	15,268
Prepaid expenses and other current assets	2,367	10,156
Trade accounts payable and accrued liabilities	(6,657)	(4,127)
Unearned revenue	(12,564)	(15,450)
Other operating assets and liabilities, net	(231)	1,103
Net cash provided by operating activities	41,617	88,780
Cash flows from investing activities:
Purchases of property, equipment, and intangible assets	(33,078)	(39,842)
Proceeds from sales of real estate and property, plant, and equipment and other investing activities	178	265
Net cash used in investing activities	(32,900)	(39,577)
Cash flows from financing activities:
Borrowings of long-term debt	211,500	194,500
Payments of long-term debt and finance leases	(216,918)	(240,553)
Purchase of treasury stock	(2,434)	(337)
Net cash used in financing activities	696	733
Effect of exchange rate changes on cash	(7,156)	(45,657)
Net change in cash and cash equivalents	81	(892)
Cash and cash equivalents, beginning of period	1,642	2,654
Cash and cash equivalents, end of period	18,569	17,714
Cash and cash equivalents, end of period	20,211	20,368
Supplemental disclosure of cash flow information
Income taxes paid	3,140	1,286
Interest paid, net of amounts capitalized	7,799	7,638
Change in construction related payables	$ 3,902	$ (1,084)

Basis of Presentation and Recen

Basis of Presentation and Recent Accounting Pronouncements	9 Months Ended
	Oct. 06, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Recent Accounting Pronouncements	Basis of Presentation and Recent Accounting Pronouncements Red Robin Gourmet Burgers, Inc., a Delaware corporation, together with its subsidiaries (“Red Robin” or the “Company”), primarily develops, operates, and franchises full-service restaurants in North America. As of October 6, 2019 , the Company owned and operated 471 restaurants located in 38 states and two Canadian provinces. The Company also had 90 franchised full-service restaurants in 16 states as of October 6, 2019 . The Company operates its business as one operating and one reportable segment. Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of Red Robin and its wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. The Company’s financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The results of operations for any interim period are not necessarily indicative of results for the full year. The accompanying condensed consolidated financial statements of Red Robin have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”), including the instructions to Form 10-Q and Article 10 of Regulation S-X. Certain information and footnote disclosures normally included in the Company’s annual consolidated financial statements on Form 10-K have been condensed or omitted. The condensed consolidated balance sheet as of December 30, 2018 has been derived from the audited consolidated financial statements as of that date, but does not include all disclosures required for audited annual financial statements. For further information, please refer to and read these interim condensed consolidated financial statements in conjunction with the Company’s audited consolidated financial statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 30, 2018 , filed with the SEC on February 27, 2019. The Company’s quarter that ended October 6, 2019 is referred to as third quarter 2019, or the twelve weeks ended October 6, 2019 ; the second quarter ended July 14, 2019 is referred to as second quarter 2019, or the twelve weeks ended July 14, 2019; the first quarter ended April 21, 2019 is referred to as first quarter 2019, or the sixteen weeks ended April 21, 2019; and together, the first, second, and third quarters of 2019 are referred to as the forty weeks ended October 6, 2019 . The Company’s quarter that ended October 7, 2018 is referred to as third quarter 2018, or the twelve weeks ended October 7, 2018; the second quarter ended July 15, 2018 is referred to as second quarter 2018, or the twelve weeks ended July 15, 2018; the first quarter ended April 22, 2018 is referred to as first quarter 2018, or the sixteen weeks ended April 22, 2018; and together, the first, second, and third quarters of 2018 are referred to as the forty weeks ended October 7, 2018. The Company’s fiscal year 2019 comprises 52 weeks and will end on December 29, 2019 . Reclassifications Certain amounts presented in prior periods have been reclassified to conform with the current period presentation. For the forty week period ended October 7, 2018, the Company reclassified gift card breakage of $2.2 million from Other, net to its own line item presented in the adjustments to reconcile net (loss) income to net cash provided by operating activities on the condensed consolidated statement of cash flows. For the fiscal year ended December 30, 2018 , the Company reclassified unfavorable lease rights of $1.4 million from Deferred rent to Other non-current liabilities on the condensed consolidated balance sheets. Management believes this presentation better reflects the nature of these liabilities subsequent to the adoption of Topic 842, as defined in Note 3, Leases . Recently Issued Accounting Standards In June 2016, the Financial Accounting Standards Board (“FASB”) issued Update 2016-13, Financial Instruments - Credit Losses (“Topic 326”), subsequently amended by various standard updates. This guidance replaces the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information when determining credit loss estimates and requires financial assets to be measured net of expected credit losses at the time of initial recognition. This guidance is effective for annual and interim reporting periods beginning after December 15, 2019 using a modified retrospective adoption method. Early adoption is permitted. The Company will adopt this guidance beginning with its fiscal first quarter 2020 and will apply it retrospectively at the beginning of the period of adoption through a cumulative-effect adjustment to retained earnings. We are evaluating the full impact this guidance will have on our consolidated financial statements. We reviewed all other recently issued accounting pronouncements and concluded they were either not applicable or not expected to have a significant impact on the Company's condensed consolidated financial statements.

Revenue

Revenue	9 Months Ended
	Oct. 06, 2019
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Disaggregation of revenue In the following table, revenue is disaggregated by type of good or service (in thousands): Twelve Weeks Ended Forty Weeks Ended October 6, 2019 October 7, 2018 October 6, 2019 October 7, 2018 Restaurant revenue $ 289,862 $ 290,218 $ 992,764 $ 1,015,312 Franchise revenue 3,727 3,914 13,479 13,363 Gift card breakage 580 536 4,899 2,210 Other revenue 53 209 927 899 Total revenues $ 294,222 $ 294,877 $ 1,012,069 $ 1,031,784 Contract liabilities Unearned gift card revenue at October 6, 2019 and December 30, 2018 was $27.4 million and $45.4 million . Deferred loyalty revenue, which was also included in Unearned revenue in the accompanying condensed consolidated balance sheets, was $10.5 million and $10 million at October 6, 2019 and December 30, 2018 . Revenue recognized in the condensed consolidated statements of operations and comprehensive (loss) income for the redemption of gift cards that were included in the liability balance at the beginning of the fiscal year was as follows (in thousands): Forty Weeks Ended October 6, 2019 October 7, 2018 Gift card revenue $ 19,400 $ 16,842

Leases

Leases	9 Months Ended
	Oct. 06, 2019
Leases [Abstract]
Leases	Leases Adoption of FASB Accounting Standards Update ("ASU") 2016-02 On January 1, 2019, we adopted ASU 2016-02, Leases (Topic 842) ("Topic 842") along with related clarifications and improvements using the modified retrospective approach without application to prior periods. This guidance requires the recognition of liabilities for lease obligations and corresponding right-of-use assets on the balance sheet and disclosure of key information about leasing arrangements. We applied the practical expedients that do not require us to reassess existing contracts for embedded leases, to separate lease and non-lease components for our population of operating assets, or to reassess lease classification or initial direct costs. The effect of the changes made to our consolidated December 31, 2018 balance sheet as a result of the adoption of Topic 842 was as follows (in thousands): Balance at December 30, 2018 Adjustments due to Topic 842 Balance at December 31, 2018 Balance sheet Non-current assets Right of use assets, net $ — $ 478,268 $ 478,268 Prepaid expenses and other current assets 27,576 (6,592 ) 20,984 Current liabilities Short-term portion of lease obligations 786 40,606 41,392 Non-current liabilities Deferred Rent 75,675 (75,675 ) — Long-term portion of lease obligations 9,414 506,745 516,159 Stockholders’ equity: Retained earnings $ 376,341 $ (15,172 ) $ 361,169 This change did not have any impact on our consolidated statement of operations or consolidated statement of cash flows. Leases The Company leases land, buildings, and equipment used in its operations under operating and finance leases. Our leases generally have remaining terms of 1 - 15 years, most of which include options to extend the leases for additional 5 -year periods. Generally, the lease term is the minimum of the non-cancelable period of the lease or the lease term inclusive of reasonably certain renewal periods up to a term of 20 years. We determine if a contract contains a lease at inception. Operating lease assets and liabilities are recognized at the lease commencement date. Operating lease liabilities represent the present value of lease payments not yet paid. Operating lease assets represent our right to use an underlying asset and are based upon the operating lease liabilities adjusted for prepayments or accrued lease payments, initial direct costs, lease incentives, and impairment of operating lease assets. To determine the present value of lease payments not yet paid, we estimate incremental secured borrowing rates corresponding to the maturities of the leases. We estimate this rate based on prevailing financial market conditions, comparable company and credit analysis, and management judgment. Our leases typically contain rent escalations over the lease term. We recognize expense for these leases on a straight-line basis over the lease term. Additionally, tenant incentives used to fund leasehold improvements are recognized when earned and reduce our right-of-use asset related to the lease. These are amortized through the right-of-use asset as reductions of expense over the lease term. Some of our leases include rent escalations based on inflation indexes and fair market value adjustments. Certain leases contain contingent rental provisions that include a fixed base rent plus an additional percentage of the restaurant’s sales in excess of stipulated amounts. Operating lease liabilities are calculated using the prevailing index or rate at lease commencement. Subsequent escalations in the index or rate and contingent rental payments are recognized as variable lease expenses. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. Leases are included in right-of-use assets, net, short-term portion of lease obligations, and long-term portion of lease liabilities on our condensed consolidated balance sheet as of October 6, 2019 as follows (in thousands): Finance Operating Total Right of use assets, net $ 8,675 $ 433,026 $ 441,701 Short-term portion of lease obligations 947 42,356 43,303 Long-term portion of lease obligations 10,214 471,081 481,295 Total $ 11,161 $ 513,437 $ 524,598 We have elected the short-term lease recognition exemption for all applicable classes of underlying assets. Short-term disclosures include only those leases with a term greater than one month and 12 months or less, and expense is recognized on a straight-line basis over the lease term. Leases with an initial term of 12 months or less, that do not include an option to purchase the underlying asset that we are reasonably certain to exercise, are not recorded on the balance sheet. The components of lease expense, including variable lease costs primarily consisting of common area maintenance charges and real estate taxes, are included in occupancy on our condensed consolidated statement of operations as follows (in thousands): Twelve Weeks Ended Forty Weeks Ended October 6, 2019 October 6, 2019 Operating lease cost $ 17,298 $ 58,412 Finance lease cost: Amortization of right of use assets 193 635 Interest on lease liabilities 122 415 Total finance lease cost 315 1,050 Variable lease cost 6,653 22,186 Total $ 24,267 $ 81,648 Maturities of our lease liabilities as of October 6, 2019 were as follows (in thousands): Finance Leases Operating Leases Total Remainder of 2019 $ 280 $ 12,997 $ 13,277 2020 1,396 78,135 79,531 2021 1,437 77,392 78,829 2022 1,283 74,865 76,148 2023 1,220 72,339 73,559 Thereafter 8,824 451,232 460,056 Total future lease liability 14,440 766,960 781,400 Less imputed interest 3,279 253,523 256,802 Fair value of lease liability $ 11,161 $ 513,437 $ 524,598 As previously disclosed in our 2018 Annual Report on Form 10-K and under the previous lease accounting guidance, maturities of lease liabilities were as follows as of December 30, 2018 (in thousands): Capital Leases Operating Leases 2019 $ 1,234 $ 80,367 2020 1,242 76,936 2021 1,240 70,419 2022 1,063 61,649 2023 1,019 54,121 Thereafter 7,552 206,879 Total 13,350 $ 550,371 Less amount representing interest (3,150 ) Present value of future minimum lease payments 10,200 Less current portion (786 ) Long-term capital lease obligations $ 9,414 Supplemental cash flow information related to leases is as follows: Forty Weeks Ended October 6, 2019 Cash paid for amounts included in the measurement of lease liabilities (in thousands): $ 60 Right of use assets obtained in exchange for operating lease obligations following the adoption of Topic 842 (in thousands): $ 10 Right of use assets obtained in exchange for finance lease obligations following the adoption of Topic 842 (in thousands): $ 2 Other information related to operating leases as follows: Weighted average remaining lease term 11 years Weighted average discount rate 7.33 % Other information related to financing leases as follows: Weighted average remaining lease term 12 years Weighted average discount rate 4.71 %
Leases	Leases Adoption of FASB Accounting Standards Update ("ASU") 2016-02 On January 1, 2019, we adopted ASU 2016-02, Leases (Topic 842) ("Topic 842") along with related clarifications and improvements using the modified retrospective approach without application to prior periods. This guidance requires the recognition of liabilities for lease obligations and corresponding right-of-use assets on the balance sheet and disclosure of key information about leasing arrangements. We applied the practical expedients that do not require us to reassess existing contracts for embedded leases, to separate lease and non-lease components for our population of operating assets, or to reassess lease classification or initial direct costs. The effect of the changes made to our consolidated December 31, 2018 balance sheet as a result of the adoption of Topic 842 was as follows (in thousands): Balance at December 30, 2018 Adjustments due to Topic 842 Balance at December 31, 2018 Balance sheet Non-current assets Right of use assets, net $ — $ 478,268 $ 478,268 Prepaid expenses and other current assets 27,576 (6,592 ) 20,984 Current liabilities Short-term portion of lease obligations 786 40,606 41,392 Non-current liabilities Deferred Rent 75,675 (75,675 ) — Long-term portion of lease obligations 9,414 506,745 516,159 Stockholders’ equity: Retained earnings $ 376,341 $ (15,172 ) $ 361,169 This change did not have any impact on our consolidated statement of operations or consolidated statement of cash flows. Leases The Company leases land, buildings, and equipment used in its operations under operating and finance leases. Our leases generally have remaining terms of 1 - 15 years, most of which include options to extend the leases for additional 5 -year periods. Generally, the lease term is the minimum of the non-cancelable period of the lease or the lease term inclusive of reasonably certain renewal periods up to a term of 20 years. We determine if a contract contains a lease at inception. Operating lease assets and liabilities are recognized at the lease commencement date. Operating lease liabilities represent the present value of lease payments not yet paid. Operating lease assets represent our right to use an underlying asset and are based upon the operating lease liabilities adjusted for prepayments or accrued lease payments, initial direct costs, lease incentives, and impairment of operating lease assets. To determine the present value of lease payments not yet paid, we estimate incremental secured borrowing rates corresponding to the maturities of the leases. We estimate this rate based on prevailing financial market conditions, comparable company and credit analysis, and management judgment. Our leases typically contain rent escalations over the lease term. We recognize expense for these leases on a straight-line basis over the lease term. Additionally, tenant incentives used to fund leasehold improvements are recognized when earned and reduce our right-of-use asset related to the lease. These are amortized through the right-of-use asset as reductions of expense over the lease term. Some of our leases include rent escalations based on inflation indexes and fair market value adjustments. Certain leases contain contingent rental provisions that include a fixed base rent plus an additional percentage of the restaurant’s sales in excess of stipulated amounts. Operating lease liabilities are calculated using the prevailing index or rate at lease commencement. Subsequent escalations in the index or rate and contingent rental payments are recognized as variable lease expenses. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. Leases are included in right-of-use assets, net, short-term portion of lease obligations, and long-term portion of lease liabilities on our condensed consolidated balance sheet as of October 6, 2019 as follows (in thousands): Finance Operating Total Right of use assets, net $ 8,675 $ 433,026 $ 441,701 Short-term portion of lease obligations 947 42,356 43,303 Long-term portion of lease obligations 10,214 471,081 481,295 Total $ 11,161 $ 513,437 $ 524,598 We have elected the short-term lease recognition exemption for all applicable classes of underlying assets. Short-term disclosures include only those leases with a term greater than one month and 12 months or less, and expense is recognized on a straight-line basis over the lease term. Leases with an initial term of 12 months or less, that do not include an option to purchase the underlying asset that we are reasonably certain to exercise, are not recorded on the balance sheet. The components of lease expense, including variable lease costs primarily consisting of common area maintenance charges and real estate taxes, are included in occupancy on our condensed consolidated statement of operations as follows (in thousands): Twelve Weeks Ended Forty Weeks Ended October 6, 2019 October 6, 2019 Operating lease cost $ 17,298 $ 58,412 Finance lease cost: Amortization of right of use assets 193 635 Interest on lease liabilities 122 415 Total finance lease cost 315 1,050 Variable lease cost 6,653 22,186 Total $ 24,267 $ 81,648 Maturities of our lease liabilities as of October 6, 2019 were as follows (in thousands): Finance Leases Operating Leases Total Remainder of 2019 $ 280 $ 12,997 $ 13,277 2020 1,396 78,135 79,531 2021 1,437 77,392 78,829 2022 1,283 74,865 76,148 2023 1,220 72,339 73,559 Thereafter 8,824 451,232 460,056 Total future lease liability 14,440 766,960 781,400 Less imputed interest 3,279 253,523 256,802 Fair value of lease liability $ 11,161 $ 513,437 $ 524,598 As previously disclosed in our 2018 Annual Report on Form 10-K and under the previous lease accounting guidance, maturities of lease liabilities were as follows as of December 30, 2018 (in thousands): Capital Leases Operating Leases 2019 $ 1,234 $ 80,367 2020 1,242 76,936 2021 1,240 70,419 2022 1,063 61,649 2023 1,019 54,121 Thereafter 7,552 206,879 Total 13,350 $ 550,371 Less amount representing interest (3,150 ) Present value of future minimum lease payments 10,200 Less current portion (786 ) Long-term capital lease obligations $ 9,414 Supplemental cash flow information related to leases is as follows: Forty Weeks Ended October 6, 2019 Cash paid for amounts included in the measurement of lease liabilities (in thousands): $ 60 Right of use assets obtained in exchange for operating lease obligations following the adoption of Topic 842 (in thousands): $ 10 Right of use assets obtained in exchange for finance lease obligations following the adoption of Topic 842 (in thousands): $ 2 Other information related to operating leases as follows: Weighted average remaining lease term 11 years Weighted average discount rate 7.33 % Other information related to financing leases as follows: Weighted average remaining lease term 12 years Weighted average discount rate 4.71 %

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Oct. 06, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets The following table presents goodwill as of October 6, 2019 and December 30, 2018 (in thousands): Balance, December 30, 2018 $ 95,838 Foreign currency translation adjustment 324 Balance, October 6, 2019 $ 96,162 The Company recorded no goodwill impairment losses in the period presented in the table above or any prior periods. The following table presents intangible assets as of October 6, 2019 and December 30, 2018 (in thousands): October 6, 2019 December 30, 2018 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Intangible assets subject to amortization: Franchise rights $ 53,336 $ (35,124 ) $ 18,212 $ 54,404 $ (33,160 ) $ 21,244 Favorable leases 13,001 (8,642 ) 4,359 13,001 (8,136 ) 4,865 Liquor licenses and other 10,737 (9,831 ) 906 10,810 (9,770 ) 1,040 $ 77,074 $ (53,597 ) $ 23,477 $ 78,215 $ (51,066 ) $ 27,149 Indefinite-lived intangible assets: Liquor licenses and other $ 7,460 $ — $ 7,460 $ 7,460 $ — $ 7,460 Intangible assets, net $ 84,534 $ (53,597 ) $ 30,937 $ 85,675 $ (51,066 ) $ 34,609

Earnings Per Share

Earnings Per Share	9 Months Ended
	Oct. 06, 2019
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per share amounts are calculated by dividing net income by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share amounts are calculated based upon the weighted-average number of shares of common stock and potentially dilutive shares of common stock outstanding during the period. Potentially dilutive shares are excluded from the computation in periods in which they have an anti-dilutive effect. Diluted earnings per share reflect the potential dilution that could occur if holders of options exercised their options into common stock. The Company uses the treasury stock method to calculate the effect of outstanding stock options. Basic weighted average shares outstanding is reconciled to diluted weighted average shares outstanding as follows (in thousands): Twelve Weeks Ended Forty Weeks Ended October 6, 2019 October 7, 2018 October 6, 2019 October 7, 2018 Basic weighted average shares outstanding 12,959 12,994 12,967 12,977 Dilutive effect of stock options and awards — 60 — 87 Diluted weighted average shares outstanding 12,959 13,054 12,967 13,064 Awards excluded due to anti-dilutive effect on diluted earnings per share 358 548 405 428

Other (Gains) Charges

Other (Gains) Charges	9 Months Ended
	Oct. 06, 2019
Other Income and Expenses [Abstract]
Other (Gains) Charges	Other (Gains) Charges Other (gains) charges consist of the following (in thousands): Twelve Weeks Ended Forty Weeks Ended October 6, 2019 October 7, 2018 October 6, 2019 October 7, 2018 Asset impairment $ — $ — $ 14,064 $ 9,643 Executive transition and severance 594 — 2,958 — Restaurant closure gains (3,922 ) — (2,617 ) — Board and stockholder matter costs 1,311 — 2,463 — Litigation contingencies — — — 4,000 Reorganization costs — 520 — 3,273 Spiral menu disposal — — — 506 Executive retention 260 — 620 — Other (gains) charges $ (1,757 ) $ 520 $ 17,488 $ 17,422 In second quarter 2019 , the Company determined 29 Company-owned restaurants were impaired and recognized a non-cash impairment charge of $ 14.1 million . In second quarter 2018 , the Company determined eight Company-owned restaurants were impaired and recognized a non-cash impairment charge of $9.6 million . The Company recognized the non-cash impairment charges included in asset impairment above resulting from the continuing and projected future results of these restaurants, primarily through projected cash flows. Non-cash impairment charges resulting from restaurant closures are included within restaurant closure gains.

Borrowings

Borrowings	9 Months Ended
	Oct. 06, 2019
Debt Disclosure [Abstract]
Borrowings	Borrowings Long-term debt as of October 6, 2019 and December 30, 2018 was $188.9 million and $193.4 million . On June 30, 2016 , the Company entered into a credit facility (the “Credit Facility”), which provides for a $400 million revolving line of credit with a sublimit for the issuance of up to $25 million in letters of credit and swingline loans up to $15 million . On August 19, 2019, the Company entered into a second amendment (the “Amendment”) to the Credit Facility. The Amendment increases the lease adjusted leverage ratio to 5.0x through December 29, 2019 before returning to 4.75x thereafter. In addition, the Amendment revises the definition of permitted acquisitions under the Credit Facility to correspond with the change to the lease adjusted leverage ratio and clarifies the classification of existing capital and operating leases. The Company's lease adjusted leverage ratio was 4.55x as of October 6, 2019 . The lease adjusted leverage ratio is defined in Section 1.1 of the Credit Facility, which is filed as Exhibit 10.1 to the Company's Current Report on Form 8-K filed with the SEC on July 5, 2016, as further amended by the Amendment filed as Exhibit 10.2 to the Company's Quarterly Report on Form 10-Q filed with the SEC on August 23, 2019. The Credit Facility matures on June 30, 2021 . As of October 6, 2019 , the Company had outstanding borrowings under the Credit Facility of $188.0 million , in addition to amounts issued under letters of credit of $7.5 million . The amounts issued under letters of credit reduce the amount available under the facility but were not recorded as debt. As of December 30, 2018 , the Company had outstanding borrowings under the Credit Facility of $192.5 million , in addition to amounts issued under letters of credit of $7.8 million . No outstanding borrowings were considered short-term as of October 6, 2019 and December 30, 2018 . Loan origination costs associated with the Credit Facility are included as deferred costs in Other assets, net in the accompanying condensed consolidated balance sheets. Unamortized debt issuance costs were $1.2 million and $1.7 million as of October 6, 2019 and December 30, 2018 .

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Oct. 06, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Assets and Liabilities Measured at Fair Value on a Recurring Basis The carrying amounts of the Company’s cash and cash equivalents, accounts receivable, accounts payable, and current accrued expenses and other liabilities approximate fair value due to the short term nature or maturity of the instruments. The following tables present the Company’s assets measured at fair value on a recurring basis as of October 6, 2019 and December 30, 2018 (in thousands): October 6, 2019 Level 1 Level 2 Level 3 Assets: Investments in rabbi trust $ 7,109 $ 7,109 $ — $ — Total assets measured at fair value $ 7,109 $ 7,109 $ — $ — December 30, 2018 Level 1 Level 2 Level 3 Assets: Investments in rabbi trust $ 8,198 $ 8,198 $ — $ — Total assets measured at fair value $ 8,198 $ 8,198 $ — $ — Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis Assets and liabilities recognized or disclosed at fair value on the consolidated financial statements on a nonrecurring basis include items such as property, plant and equipment, goodwill, and other intangible assets. These assets are measured at fair value if determined to be impaired. Disclosures of Fair Value of Other Assets and Liabilities The Company’s liabilities under its Credit Facility and finance leases are carried at historical cost in the accompanying condensed consolidated balance sheets. Both the Credit Facility and the Company’s finance lease obligations are measured using level 2 inputs. The carrying value of the Credit Facility approximates fair value as the interest rate on this instrument approximates current market rates. For disclosure purposes, the Company estimated the fair value of the finance lease obligations using discounted cash flow analysis based on market rates obtained from independent third parties for similar types of debt. The following table presents the carrying value and estimated fair value of the Company’s finance lease obligations as of October 6, 2019 and December 30, 2018 (in thousands): October 6, 2019 December 30, 2018 Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value Finance lease obligations $ 11,161 $ 10,839 $ 10,200 $ 10,143

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Oct. 06, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies In the normal course of business, there are various claims in process, matters in litigation, and other contingencies. These include employment-related claims and claims alleging illness, injury, or other food quality, health, or operational issues. Evaluating contingencies related to litigation is a complex process involving subjective judgment on the potential outcome of future events, and the ultimate resolution of litigated claims may differ from our current analysis. We review the adequacy of accruals and disclosures pertaining to litigation matters each quarter in consultation with legal counsel, and we assess the probability and range of possible losses associated with contingencies for potential accrual in the consolidated financial statements. While it is not possible to predict the outcome of these claims with certainty, management is of the opinion that adequate provision for potential losses associated with these matters has been made in the condensed consolidated financial statements. Amounts recorded in the periods presented for litigation contingencies related to employment claims are disclosed in Note 6, Other (Gains) Charges .

Basis of Presentation and Rec_2

Basis of Presentation and Recent Accounting Pronouncements (Policies)	9 Months Ended
	Oct. 06, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Standards In June 2016, the Financial Accounting Standards Board (“FASB”) issued Update 2016-13, Financial Instruments - Credit Losses (“Topic 326”), subsequently amended by various standard updates. This guidance replaces the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information when determining credit loss estimates and requires financial assets to be measured net of expected credit losses at the time of initial recognition. This guidance is effective for annual and interim reporting periods beginning after December 15, 2019 using a modified retrospective adoption method. Early adoption is permitted. The Company will adopt this guidance beginning with its fiscal first quarter 2020 and will apply it retrospectively at the beginning of the period of adoption through a cumulative-effect adjustment to retained earnings. We are evaluating the full impact this guidance will have on our consolidated financial statements. We reviewed all other recently issued accounting pronouncements and concluded they were either not applicable or not expected to have a significant impact on the Company's condensed consolidated financial statements.
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of Red Robin and its wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. The Company’s financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The results of operations for any interim period are not necessarily indicative of results for the full year. The accompanying condensed consolidated financial statements of Red Robin have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”), including the instructions to Form 10-Q and Article 10 of Regulation S-X. Certain information and footnote disclosures normally included in the Company’s annual consolidated financial statements on Form 10-K have been condensed or omitted. The condensed consolidated balance sheet as of December 30, 2018 has been derived from the audited consolidated financial statements as of that date, but does not include all disclosures required for audited annual financial statements. For further information, please refer to and read these interim condensed consolidated financial statements in conjunction with the Company’s audited consolidated financial statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 30, 2018 , filed with the SEC on February 27, 2019. The Company’s quarter that ended October 6, 2019 is referred to as third quarter 2019, or the twelve weeks ended October 6, 2019 ; the second quarter ended July 14, 2019 is referred to as second quarter 2019, or the twelve weeks ended July 14, 2019; the first quarter ended April 21, 2019 is referred to as first quarter 2019, or the sixteen weeks ended April 21, 2019; and together, the first, second, and third quarters of 2019 are referred to as the forty weeks ended October 6, 2019 . The Company’s quarter that ended October 7, 2018 is referred to as third quarter 2018, or the twelve weeks ended October 7, 2018; the second quarter ended July 15, 2018 is referred to as second quarter 2018, or the twelve weeks ended July 15, 2018; the first quarter ended April 22, 2018 is referred to as first quarter 2018, or the sixteen weeks ended April 22, 2018; and together, the first, second, and third quarters of 2018 are referred to as the forty weeks ended October 7, 2018. The Company’s fiscal year 2019 comprises 52 weeks and will end on December 29, 2019 .
Reclassifications	Reclassifications Certain amounts presented in prior periods have been reclassified to conform with the current period presentation. For the forty week period ended October 7, 2018, the Company reclassified gift card breakage of $2.2 million from Other, net to its own line item presented in the adjustments to reconcile net (loss) income to net cash provided by operating activities on the condensed consolidated statement of cash flows. For the fiscal year ended December 30, 2018 , the Company reclassified unfavorable lease rights of $1.4 million from Deferred rent to Other non-current liabilities on the condensed consolidated balance sheets. Management believes this presentation better reflects the nature of these liabilities subsequent to the adoption of Topic 842, as defined in Note 3, Leases .

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Oct. 06, 2019
Revenue from Contract with Customer [Abstract]
Schedule of revenue disaggregated by type of good or service	In the following table, revenue is disaggregated by type of good or service (in thousands): Twelve Weeks Ended Forty Weeks Ended October 6, 2019 October 7, 2018 October 6, 2019 October 7, 2018 Restaurant revenue $ 289,862 $ 290,218 $ 992,764 $ 1,015,312 Franchise revenue 3,727 3,914 13,479 13,363 Gift card breakage 580 536 4,899 2,210 Other revenue 53 209 927 899 Total revenues $ 294,222 $ 294,877 $ 1,012,069 $ 1,031,784
Schedule of revenue recognized that were included in liability balances at the beginning of the fiscal year	Revenue recognized in the condensed consolidated statements of operations and comprehensive (loss) income for the redemption of gift cards that were included in the liability balance at the beginning of the fiscal year was as follows (in thousands): Forty Weeks Ended October 6, 2019 October 7, 2018 Gift card revenue $ 19,400 $ 16,842

Leases (Tables)

Leases (Tables)	9 Months Ended
	Oct. 06, 2019
Leases [Abstract]
Asset and Balance Sheet effects of adoption of 2016-02	The effect of the changes made to our consolidated December 31, 2018 balance sheet as a result of the adoption of Topic 842 was as follows (in thousands): Balance at December 30, 2018 Adjustments due to Topic 842 Balance at December 31, 2018 Balance sheet Non-current assets Right of use assets, net $ — $ 478,268 $ 478,268 Prepaid expenses and other current assets 27,576 (6,592 ) 20,984 Current liabilities Short-term portion of lease obligations 786 40,606 41,392 Non-current liabilities Deferred Rent 75,675 (75,675 ) — Long-term portion of lease obligations 9,414 506,745 516,159 Stockholders’ equity: Retained earnings $ 376,341 $ (15,172 ) $ 361,169 Leases are included in right-of-use assets, net, short-term portion of lease obligations, and long-term portion of lease liabilities on our condensed consolidated balance sheet as of October 6, 2019 as follows (in thousands): Finance Operating Total Right of use assets, net $ 8,675 $ 433,026 $ 441,701 Short-term portion of lease obligations 947 42,356 43,303 Long-term portion of lease obligations 10,214 471,081 481,295 Total $ 11,161 $ 513,437 $ 524,598
Lease cost	The components of lease expense, including variable lease costs primarily consisting of common area maintenance charges and real estate taxes, are included in occupancy on our condensed consolidated statement of operations as follows (in thousands): Twelve Weeks Ended Forty Weeks Ended October 6, 2019 October 6, 2019 Operating lease cost $ 17,298 $ 58,412 Finance lease cost: Amortization of right of use assets 193 635 Interest on lease liabilities 122 415 Total finance lease cost 315 1,050 Variable lease cost 6,653 22,186 Total $ 24,267 $ 81,648 Supplemental cash flow information related to leases is as follows: Forty Weeks Ended October 6, 2019 Cash paid for amounts included in the measurement of lease liabilities (in thousands): $ 60 Right of use assets obtained in exchange for operating lease obligations following the adoption of Topic 842 (in thousands): $ 10 Right of use assets obtained in exchange for finance lease obligations following the adoption of Topic 842 (in thousands): $ 2 Other information related to operating leases as follows: Weighted average remaining lease term 11 years Weighted average discount rate 7.33 % Other information related to financing leases as follows: Weighted average remaining lease term 12 years Weighted average discount rate 4.71 %
Schedule of operating lease maturities	Maturities of our lease liabilities as of October 6, 2019 were as follows (in thousands): Finance Leases Operating Leases Total Remainder of 2019 $ 280 $ 12,997 $ 13,277 2020 1,396 78,135 79,531 2021 1,437 77,392 78,829 2022 1,283 74,865 76,148 2023 1,220 72,339 73,559 Thereafter 8,824 451,232 460,056 Total future lease liability 14,440 766,960 781,400 Less imputed interest 3,279 253,523 256,802 Fair value of lease liability $ 11,161 $ 513,437 $ 524,598
Schedule of finance lease maturities	Maturities of our lease liabilities as of October 6, 2019 were as follows (in thousands): Finance Leases Operating Leases Total Remainder of 2019 $ 280 $ 12,997 $ 13,277 2020 1,396 78,135 79,531 2021 1,437 77,392 78,829 2022 1,283 74,865 76,148 2023 1,220 72,339 73,559 Thereafter 8,824 451,232 460,056 Total future lease liability 14,440 766,960 781,400 Less imputed interest 3,279 253,523 256,802 Fair value of lease liability $ 11,161 $ 513,437 $ 524,598
Schedule of lease payments under previous guidance	As previously disclosed in our 2018 Annual Report on Form 10-K and under the previous lease accounting guidance, maturities of lease liabilities were as follows as of December 30, 2018 (in thousands): Capital Leases Operating Leases 2019 $ 1,234 $ 80,367 2020 1,242 76,936 2021 1,240 70,419 2022 1,063 61,649 2023 1,019 54,121 Thereafter 7,552 206,879 Total 13,350 $ 550,371 Less amount representing interest (3,150 ) Present value of future minimum lease payments 10,200 Less current portion (786 ) Long-term capital lease obligations $ 9,414

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Oct. 06, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of goodwill	The following table presents goodwill as of October 6, 2019 and December 30, 2018 (in thousands): Balance, December 30, 2018 $ 95,838 Foreign currency translation adjustment 324 Balance, October 6, 2019 $ 96,162
Schedule of intangible assets subject to amortization	The following table presents intangible assets as of October 6, 2019 and December 30, 2018 (in thousands): October 6, 2019 December 30, 2018 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Intangible assets subject to amortization: Franchise rights $ 53,336 $ (35,124 ) $ 18,212 $ 54,404 $ (33,160 ) $ 21,244 Favorable leases 13,001 (8,642 ) 4,359 13,001 (8,136 ) 4,865 Liquor licenses and other 10,737 (9,831 ) 906 10,810 (9,770 ) 1,040 $ 77,074 $ (53,597 ) $ 23,477 $ 78,215 $ (51,066 ) $ 27,149 Indefinite-lived intangible assets: Liquor licenses and other $ 7,460 $ — $ 7,460 $ 7,460 $ — $ 7,460 Intangible assets, net $ 84,534 $ (53,597 ) $ 30,937 $ 85,675 $ (51,066 ) $ 34,609
Schedule of intangible assets not subject to amortization	The following table presents intangible assets as of October 6, 2019 and December 30, 2018 (in thousands): October 6, 2019 December 30, 2018 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Intangible assets subject to amortization: Franchise rights $ 53,336 $ (35,124 ) $ 18,212 $ 54,404 $ (33,160 ) $ 21,244 Favorable leases 13,001 (8,642 ) 4,359 13,001 (8,136 ) 4,865 Liquor licenses and other 10,737 (9,831 ) 906 10,810 (9,770 ) 1,040 $ 77,074 $ (53,597 ) $ 23,477 $ 78,215 $ (51,066 ) $ 27,149 Indefinite-lived intangible assets: Liquor licenses and other $ 7,460 $ — $ 7,460 $ 7,460 $ — $ 7,460 Intangible assets, net $ 84,534 $ (53,597 ) $ 30,937 $ 85,675 $ (51,066 ) $ 34,609

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Oct. 06, 2019
Earnings Per Share [Abstract]
Schedule of computations for basic and diluted earnings per share	Basic weighted average shares outstanding is reconciled to diluted weighted average shares outstanding as follows (in thousands): Twelve Weeks Ended Forty Weeks Ended October 6, 2019 October 7, 2018 October 6, 2019 October 7, 2018 Basic weighted average shares outstanding 12,959 12,994 12,967 12,977 Dilutive effect of stock options and awards — 60 — 87 Diluted weighted average shares outstanding 12,959 13,054 12,967 13,064 Awards excluded due to anti-dilutive effect on diluted earnings per share 358 548 405 428

Other Charges (Tables)

Other Charges (Tables)	9 Months Ended
	Oct. 06, 2019
Other Income and Expenses [Abstract]
Summary of other charges	Other (gains) charges consist of the following (in thousands): Twelve Weeks Ended Forty Weeks Ended October 6, 2019 October 7, 2018 October 6, 2019 October 7, 2018 Asset impairment $ — $ — $ 14,064 $ 9,643 Executive transition and severance 594 — 2,958 — Restaurant closure gains (3,922 ) — (2,617 ) — Board and stockholder matter costs 1,311 — 2,463 — Litigation contingencies — — — 4,000 Reorganization costs — 520 — 3,273 Spiral menu disposal — — — 506 Executive retention 260 — 620 — Other (gains) charges $ (1,757 ) $ 520 $ 17,488 $ 17,422

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Oct. 06, 2019
Fair Value Disclosures [Abstract]
Schedule of fair value assets measured on recurring basis	The following tables present the Company’s assets measured at fair value on a recurring basis as of October 6, 2019 and December 30, 2018 (in thousands): October 6, 2019 Level 1 Level 2 Level 3 Assets: Investments in rabbi trust $ 7,109 $ 7,109 $ — $ — Total assets measured at fair value $ 7,109 $ 7,109 $ — $ — December 30, 2018 Level 1 Level 2 Level 3 Assets: Investments in rabbi trust $ 8,198 $ 8,198 $ — $ — Total assets measured at fair value $ 8,198 $ 8,198 $ — $ —
Summary of fair value of debt	The following table presents the carrying value and estimated fair value of the Company’s finance lease obligations as of October 6, 2019 and December 30, 2018 (in thousands): October 6, 2019 December 30, 2018 Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value Finance lease obligations $ 11,161 $ 10,839 $ 10,200 $ 10,143

Basis of Presentation and Rec_3

Basis of Presentation and Recent Accounting Pronouncements - Additional Information (Details) $ in Thousands	9 Months Ended
	Oct. 06, 2019USD ($)stateprovincerestaurantsegment	Dec. 31, 2018USD ($)	Dec. 30, 2018USD ($)
Franchisor Disclosure [Line Items]
Number of operating segments | segment	1
Number of reportable segments | segment	1
Other non-current liabilities	$ 10,067		$ 11,523
Deferred rent	$ 0	$ 0	75,675
Company-owned operated restaurants
Franchisor Disclosure [Line Items]
Number of restaurants | restaurant	471
Number of states in which restaurants are located | state	38
Number of Canadian provinces in which restaurants are located | province	2
Franchised restaurants
Franchisor Disclosure [Line Items]
Number of restaurants | restaurant	90
Number of states in which restaurants are located | state	16
Accounting Standards Update 2016-02
Franchisor Disclosure [Line Items]
Deferred rent		$ (75,675)
Accounting Standards Update 2016-02 | Adjustments
Franchisor Disclosure [Line Items]
Other non-current liabilities			1,400
Deferred rent			$ (1,400)

Revenue - Additional Informatio

Revenue - Additional Information (Details) - USD ($) $ in Thousands	Oct. 06, 2019	Dec. 30, 2018
Disaggregation of Revenue [Line Items]
Unearned revenue	$ 37,913	$ 55,360
Gift card revenue
Disaggregation of Revenue [Line Items]
Unearned revenue	27,400	45,400
Deferred loyalty revenue
Disaggregation of Revenue [Line Items]
Unearned revenue	$ 10,500	$ 10,000

Revenue - Schedule of Revenue D

Revenue - Schedule of Revenue Disaggregation by Product Type (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 06, 2019	Oct. 07, 2018	Oct. 06, 2019	Oct. 07, 2018
Disaggregation of Revenue [Line Items]
Total revenues	$ 294,222	$ 294,877	$ 1,012,069	$ 1,031,784
Restaurant revenue
Disaggregation of Revenue [Line Items]
Total revenues	289,862	290,218	992,764	1,015,312
Franchise revenue
Disaggregation of Revenue [Line Items]
Total revenues	3,727	3,914	13,479	13,363
Gift card breakage
Disaggregation of Revenue [Line Items]
Total revenues	580	536	4,899	2,210
Other revenue
Disaggregation of Revenue [Line Items]
Total revenues	$ 53	$ 209	$ 927	$ 899

Revenue - Schedule of Revenue R

Revenue - Schedule of Revenue Recognized Included in Liability Balances at Beginning of Fiscal Year (Details) - USD ($) $ in Thousands	9 Months Ended
	Oct. 06, 2019	Oct. 07, 2018
Gift card revenue
Disaggregation of Revenue [Line Items]
Gift card revenue	$ 19,400	$ 16,842

Leases Effect on Balance Sheet

Leases Effect on Balance Sheet of Adoption of New Accounting Standard (Details) - USD ($) $ in Thousands	Oct. 06, 2019	Dec. 31, 2018	Dec. 30, 2018
Non-current assets
Right of use assets, net	$ 441,701	$ 478,268
Prepaid expenses and other current assets	16,450	20,984	$ 27,576
Current liabilities
Short-term portion of lease obligations	43,303	41,392	786
Non-current liabilities
Deferred rent	0	0	75,675
Long-term portion of lease obligations	481,295	516,159	9,414
Stockholders’ equity:
Retained earnings	$ 360,968	361,169	$ 376,341
Accounting Standards Update 2016-02
Non-current assets
Right of use assets, net		478,268
Prepaid expenses and other current assets		(6,592)
Current liabilities
Short-term portion of lease obligations		40,606
Non-current liabilities
Deferred rent		(75,675)
Long-term portion of lease obligations		506,745
Stockholders’ equity:
Retained earnings		$ (15,172)

Leases Narrative (Details)

Leases Narrative (Details)	9 Months Ended
	Oct. 06, 2019
Lessee, Lease, Description [Line Items]
Term of lease extension	5 years
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term	15 years
Maximum renewal term	20 years

Leases Additional Balance Sheet

Leases Additional Balance Sheet information (Details) - USD ($) $ in Thousands	Oct. 06, 2019	Dec. 31, 2018	Dec. 30, 2018
Finance
Right of use assets, net	$ 8,675
Finance Lease Liabilities
Short-term portion of lease obligations	947
Long-term portion of lease obligations	10,214
Total	11,161
Operating
Right of use assets, net	433,026
Operating Lease Liabilities
Short-term portion of lease obligations	42,356
Long-term portion of lease obligations	471,081
Total	513,437
Total
Right of use assets, net	441,701	$ 478,268
Total
Short-term portion of lease obligations	43,303	41,392	$ 786
Long-term portion of lease obligations	481,295	$ 516,159	$ 9,414
Total	$ 524,598

Leases Lease Cost (Details)

Leases Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Oct. 06, 2019	Oct. 06, 2019
Leases [Abstract]
Operating lease cost	$ 17,298	$ 58,412
Lease, Cost [Abstract]
Amortization of right of use assets	193	635
Interest on lease liabilities	122	415
Finance lease cost:	315	1,050
Variable lease cost	6,653	22,186
Total	$ 24,267	$ 81,648

Leases Schedules of Lease Matur

Leases Schedules of Lease Maturities (Details) $ in Thousands	Oct. 06, 2019USD ($)
Finance Leases
Remainder of 2019	$ 280
2020	1,396
2021	1,437
2022	1,283
2023	1,220
Thereafter	8,824
Total future lease liability	14,440
Less imputed interest	3,279
Total	11,161
Operating Leases
Remainder of 2019	12,997
2020	78,135
2021	77,392
2022	74,865
2023	72,339
Thereafter	451,232
Total future lease liability	766,960
Less imputed interest	253,523
Fair value of lease liability	513,437
Total
Remainder of 2019	13,277
2020	79,531
2021	78,829
2022	76,148
2023	73,559
Thereafter	460,056
Total future lease liability	781,400
Less imputed interest	256,802
Fair value of lease liability	$ 524,598

Leases Schedule of lease maturi

Leases Schedule of lease maturities under previous guidance (Details) $ in Thousands	Dec. 30, 2018USD ($)
Capital Leases
2019	$ 1,234
2020	1,242
2021	1,240
2022	1,063
2023	1,019
Thereafter	7,552
Total	13,350
Less amount representing interest	(3,150)
Present value of future minimum lease payments	10,200
Less current portion	(786)
Long-term capital lease obligations	9,414
Operating Leases
2019	80,367
2020	76,936
2021	70,419
2022	61,649
2023	54,121
Thereafter	206,879
Total	$ 550,371

Leases Supplemental Cash Flow I

Leases Supplemental Cash Flow Information (Details) $ in Thousands	9 Months Ended
	Oct. 06, 2019USD ($)
Leases [Abstract]
Cash paid for amounts included in the measurement of lease liabilities (in thousands):	$ 59,999
Right of use assets obtained in exchange for operating lease obligations following the adoption of Topic 842 (in thousands):	10,396
Right of use assets obtained in exchange for finance lease obligations following the adoption of Topic 842 (in thousands):	$ 1,669
Other information related to operating leases as follows:
Weighted average remaining lease term	11 years
Weighted average discount rate	7.33%
Other information related to financing leases as follows:
Weighted average remaining lease term	12 years
Weighted average discount rate	4.71%

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Summary of Goodwill Activity (Details) - USD ($)	3 Months Ended		9 Months Ended
	Oct. 06, 2019	Oct. 07, 2018	Oct. 06, 2019	Oct. 07, 2018
Goodwill [Roll Forward]
Beginning balance			$ 95,838,000
Foreign currency translation adjustment			324,000
Ending balance	$ 96,162,000		96,162,000
Impairment of goodwill	$ 0	$ 0	$ 0	$ 0

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Summary of Goodwill and Intangible Assets (Details) - USD ($) $ in Thousands	Oct. 06, 2019	Dec. 30, 2018
Intangible Assets
Gross Carrying Amount	$ 77,074	$ 78,215
Accumulated Amortization	(53,597)	(51,066)
Net Carrying Amount	23,477	27,149
Intangible assets, gross carrying amount	84,534	85,675
Intangible assets, net carrying amount	30,937	34,609
Liquor licenses and other
Intangible Assets
Liquor licenses and other	7,460	7,460
Franchise rights
Intangible Assets
Gross Carrying Amount	53,336	54,404
Accumulated Amortization	(35,124)	(33,160)
Net Carrying Amount	18,212	21,244
Favorable leases
Intangible Assets
Gross Carrying Amount	13,001	13,001
Accumulated Amortization	(8,642)	(8,136)
Net Carrying Amount	4,359	4,865
Liquor licenses and other
Intangible Assets
Gross Carrying Amount	10,737	10,810
Accumulated Amortization	(9,831)	(9,770)
Net Carrying Amount	$ 906	$ 1,040

Earnings Per Share - Summary of

Earnings Per Share - Summary of Earnings Per Share (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Oct. 06, 2019	Oct. 07, 2018	Oct. 06, 2019	Oct. 07, 2018
Earnings Per Share Reconciliation [Abstract]
Basic weighted average shares outstanding (in shares)	12,959	12,994	12,967	12,977
Dilutive effect of stock options and awards (in shares)	0	60	0	87
Diluted weighted average shares outstanding (in shares)	12,959	13,054	12,967	13,064
Awards excluded due to anti-dilutive effect on diluted earnings per share (in shares)	358	548	405	428

Other Charges - Summary of Othe

Other Charges - Summary of Other Charges (Details) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	Oct. 06, 2019	Jul. 14, 2019	Oct. 07, 2018	Jul. 15, 2018	Oct. 06, 2019	Oct. 07, 2018
Property, Plant and Equipment [Line Items]
Asset impairment	$ 0	$ 14,100	$ 0	$ 9,600	$ 14,064	$ 9,643
Executive transition and severance	594		0		2,958	0
Board and stockholder matter costs	1,311		0		2,463	0
Litigation contingencies	0		0		0	4,000
Reorganization costs	0		520		0	3,273
Executive retention	260		0		620	0
Other (gains) charges	(1,757)		520		17,488	17,422
Restaurant closure gains
Property, Plant and Equipment [Line Items]
Restaurant closure and spiral menu disposal costs	(3,922)		0		(2,617)	0
Spiral menu disposal
Property, Plant and Equipment [Line Items]
Restaurant closure and spiral menu disposal costs	$ 0		$ 0		$ 0	$ 506

Other Charges - Additional Info

Other Charges - Additional Information (Details) $ in Thousands	3 Months Ended				9 Months Ended
	Oct. 06, 2019USD ($)	Jul. 14, 2019USD ($)restaurant	Oct. 07, 2018USD ($)	Jul. 15, 2018USD ($)restaurant	Oct. 06, 2019USD ($)	Oct. 07, 2018USD ($)
Other Income and Expenses [Abstract]
Number of restaurants impaired | restaurant		29		8
Asset impairment | $	$ 0	$ 14,100	$ 0	$ 9,600	$ 14,064	$ 9,643

Borrowings - Additional Informa

Borrowings - Additional Information (Details)	Oct. 06, 2019USD ($)	Aug. 19, 2019	Jul. 14, 2019	Dec. 30, 2018USD ($)	Jun. 30, 2016USD ($)
Borrowings
Long-term debt	$ 188,875,000			$ 193,375,000
Outstanding borrowings considered short-term	0			0
Loan origination costs	$ 1,200,000			1,700,000
Lease adjusted leverage ratio July 14, 2019	4,560		4.30
Lease adjusted leverage ratio through Dec 29, 2019		5
Lease adjusted leverage ratio thereafter		4.75
Credit Facility | Revolving credit facility
Borrowings
Amounts outstanding				192,500,000
Credit Facility | Letter of credit
Borrowings
Amounts outstanding				$ 7,800,000
Credit Facility | Line of credit
Borrowings
Amounts outstanding	$ 188,000,000
Credit Facility | Revolving credit facility
Borrowings
Maximum borrowing capacity					$ 400,000,000
Credit Facility | Letter of credit | Line of credit
Borrowings
Maximum borrowing capacity					25,000,000
Amounts outstanding	$ 7,500,000
Credit Facility | Swingline loans | Line of credit
Borrowings
Maximum borrowing capacity					$ 15,000,000

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Assets at Fair Value on a Recurring Basis (Details) - Recurring - USD ($) $ in Thousands	Oct. 06, 2019	Dec. 30, 2018
Assets:
Investments in rabbi trust	$ 7,109	$ 8,198
Total assets measured at fair value	7,109	8,198
Level 1
Assets:
Investments in rabbi trust	7,109	8,198
Total assets measured at fair value	7,109	8,198
Level 2
Assets:
Investments in rabbi trust	0	0
Total assets measured at fair value	0	0
Level 3
Assets:
Investments in rabbi trust	0	0
Total assets measured at fair value	$ 0	$ 0

Fair Value Measurements - Sum_2

Fair Value Measurements - Summary of Carrying Value and Estimated Fair Value of Liabilities (Details) - USD ($) $ in Thousands	Oct. 06, 2019	Dec. 30, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Finance lease obligations	$ 11,161
Carrying value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Finance lease obligations	11,161
Carrying value | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Finance lease obligations		$ 10,200
Estimated Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Finance lease obligations	$ 10,839
Estimated Fair Value | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Finance lease obligations		$ 10,143

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 06, 2019	Oct. 07, 2018	Oct. 06, 2019	Oct. 07, 2018
Commitments and Contingencies Disclosure [Abstract]
Litigation contingencies	$ 0	$ 0	$ 0	$ 4,000

Uncategorized Items - rrgb-2019

Label	Element	Value
Accounting Standards Update 2016-02 [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (15,172,000)