Red Robin Gourmet Burgers (RRGB) 10-Q 25 May 21 2021 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	4 Months Ended
	Apr. 18, 2021	May 24, 2021
Document and Entity Information
Entity Registrant Name	RED ROBIN GOURMET BURGERS, INC.
Entity Central Index Key	0001171759
Current Fiscal Year End Date	--12-26
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Apr. 18, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus (Q1,Q2,Q3,FY)	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		15,682,109
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Current Reporting Status	Yes
Document Quarterly Report	true
Document Transition Report	false
City Area Code	(303)
Local Phone Number	846-6000
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	84-1573084
Entity Address, Address Line One	6312 S. Fiddlers Green Circle
Entity Address, Address Line Two	Suite 200N
Entity Address, City or Town	Greenwood Village
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80111
Trading Symbol	RRGB
Security Exchange Name	NASDAQ
Common Stock, $0.001 par value	Common Stock, $0.001 par value
Entity File Number	001-34851
Entity Interactive Data Current	Yes

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Apr. 18, 2021	Dec. 27, 2020	Apr. 19, 2020
Current assets:
Cash and cash equivalents	$ 22,284	$ 16,116
Accounts receivable, net	10,916	16,510
Inventories	23,736	23,802
Income Taxes Receivable	16,176	16,662
Prepaid expenses and other current assets	12,823	13,818
Total current assets	85,935	86,908
Property and equipment, net	405,157	427,033
Right of use assets, net	427,182	425,573
Intangible assets, net	23,741	24,714
Other assets, net	9,122	10,511
Total assets	951,137	974,739
Current liabilities:
Accounts payable	25,520	20,179
Accrued payroll and payroll-related liabilities	30,090	27,653
Unearned revenue	42,996	50,138
Current portion of lease obligations	51,369	55,275
Current portion of long-term debt	9,692	9,692
Accrued liabilities and other	44,524	39,617
Total current liabilities	204,191	202,554
Long-term debt	154,529	160,952
Long-term portion of lease obligations	463,729	465,233
Other non-current liabilities	16,402	25,287
Total liabilities	838,851	854,026
Stockholders' equity
Common stock; $0.001 par value: 45,000 shares authorized; 20,449 shares issued; 15,622 and 15,548 shares outstanding as of April 18, 2021 and December 27, 2020	20	20
Preferred stock, $0.001 par value: 3,000 shares authorized; no shares issued and outstanding as of April 18, 2021 and December 27, 2020	0	0
Treasury stock 4,827 and 4,901 shares, at cost, as of April 18, 2021 and December 27, 2020	(196,883)	(199,908)
Paid-in capital	240,647	243,407
Accumulated other comprehensive income (loss), net of tax	17	(4)
Retained Earnings	68,485	77,198
Total stockholders' equity	112,286	120,713	$ 184,369
Total liabilities and stockholders' equity	$ 951,137	$ 974,739
Statement of Financial Position [Abstract]
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	45,000,000	45,000,000
Common Stock, Shares, Issued	20,449,000		20,449,000
Common Stock, Shares, Outstanding	15,622,000	15,548,000
Preferred Stock, Par or Stated Value 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	4,827,000	4,901,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) shares in Thousands, $ in Thousands	4 Months Ended
	Apr. 18, 2021	Apr. 19, 2020
Revenues:
Total revenues	$ 326,275	$ 306,065
Restaurant operating costs (excluding depreciation and amortization shown separately below):
Cost of sales	69,166	70,426
Labor	111,659	118,566
Other operating	57,712	52,291
Occupancy	30,100	33,657
Depreciation and amortization	25,888	28,320
Selling, general, and administrative expenses	30,610	41,502
Pre-opening costs	0	153
Other charges	5,471	119,379
Total costs and expenses	330,606	464,294
Loss from operations	(4,331)	(158,229)
Other expense:
Interest expense, net and other	4,330	3,370
Loss before income taxes	(8,661)	(161,599)
Income tax provision	52	12,699
Net loss	$ (8,713)	$ (174,298)
Earnings Per Share [Abstract]
Basic (in dollars per share)	$ (0.56)	$ (13.51)
Diluted (in dollars per share)	$ (0.56)	$ (13.51)
Weighted average shares outstanding:
Basic (in shares)	15,579	12,903
Diluted (in shares)	15,579	12,903
Other comprehensive income (loss):
Foreign currency translation adjustment	$ 21	$ (1,147)
Other comprehensive income (loss), net of tax	21	(1,147)
Total comprehensive loss	(8,692)	(175,445)
Restaurant revenue
Revenues:
Total revenues	318,677	301,434
Franchise and other revenues
Revenues:
Total revenues	$ 7,598	$ 4,631

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) Income, net of tax	Retained Earnings
Beginning balance (in shares) at Dec. 29, 2019		17,851	4,928
Beginning balance at Dec. 29, 2019	$ 360,520	$ 18	$ (202,313)	$ 213,922	$ (4,373)	$ 353,266
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)			(39)
Exercise of options, issuance of restricted stock, shares exchanged for exercise and tax, and stock issued through employee stock purchase plan	217		$ 1,605	(1,388)
Acquisition of treasury stock (in shares)			72
Treasury Stock, Value, Acquired, Cost Method	(1,635)		$ (1,635)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	712			712
Net Income (Loss)	(174,298)					(174,298)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	(1,147)				(1,147)
Ending balance (in shares) at Apr. 19, 2020		17,851	4,961
Ending balance at Apr. 19, 2020	$ 184,369	$ 18	$ (202,343)	213,246	(5,520)	178,968
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock, Par or Stated Value Per Share	$ 0.001
Beginning balance (in shares) at Dec. 27, 2020		20,449	4,901
Beginning balance at Dec. 27, 2020	$ 120,713	$ 20	$ (199,908)	243,407	(4)	77,198
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)			(74)
Exercise of options, issuance of restricted stock, shares exchanged for exercise and tax, and stock issued through employee stock purchase plan	(615)		$ 3,025	(3,640)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	880			880
Net Income (Loss)	(8,713)					(8,713)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	21				21
Ending balance (in shares) at Apr. 18, 2021		20,449	4,827
Ending balance at Apr. 18, 2021	$ 112,286	$ 20	$ (196,883)	$ 240,647	$ 17	$ 68,485
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common Stock, Par or Stated Value Per Share	$ 0.001

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	4 Months Ended
	Apr. 18, 2021	Apr. 19, 2020
Cash flows from operating activities:
Net Income (Loss)	$ (8,713)	$ (174,298)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization	25,888	28,320
Gift card breakage	(2,293)	(1,414)
Goodwill and restaurant asset impairment	1,242	110,912
Non-cash other charges	516	808
Deferred income tax provision	0	21,152
Stock-based compensation expense	880	706
Other, net	1,528	784
Changes in operating assets and liabilities:
Accounts receivable	5,567	11,711
Income tax receivable	510	(6,194)
Inventories	41	(1,484)
Prepaid expenses and other current assets	975	2,050
Lease assets, net of liabilities	(6,312)	6,795
Trade accounts payable and accrued liabilities	12,413	(8,022)
Unearned revenue	(4,849)	(9,460)
Other operating assets and liabilities, net	(8,379)	1,346
Net cash (used in) provided by operating activities	18,932	(13,320)
Cash flows from investing activities:
Purchases of property, equipment, and intangible assets	(5,400)	(8,746)
Proceeds from sales of real estate and property, plant, and equipment and other investing activities	0	43
Net cash used in investing activities	(5,400)	(8,703)
Cash flows from financing activities:
Borrowings of long-term debt	35,300	116,000
Payments of long-term debt and finance leases	(42,322)	(32,006)
Purchase of treasury stock	0	(1,635)
Debt issuance costs	(616)	(1,040)
Proceeds from exercise of stock options and employee stock purchase plan	245	419
Net cash provided by (used in) financing activities	(7,393)	81,738
Effect of exchange rate changes on cash	29	(840)
Net change in cash and cash equivalents	6,168	58,875
Cash and cash equivalents, beginning of period	16,116	30,045
Cash and cash equivalents, end of period	22,284	88,920
Supplemental disclosure of cash flow information
Income tax refunds received, net	(473)	(11)
Interest paid, net of amounts capitalized	$ 3,182	$ 2,708

Basis of Presentation and Recen

Basis of Presentation and Recent Accounting Pronouncements	4 Months Ended
	Apr. 18, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Recent Accounting Pronouncements	1. 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 operates, franchises, and develops full-service restaurants in North America. As of April 18, 2021, the Company owned and operated 440 restaurants located in 38 states. The Company also had 103 franchised full-service restaurants in 16 states and one Canadian province. 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 27, 2020 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 27, 2020 filed with the SEC on March 3, 2021. Our current and prior year periods, period end dates, and number of weeks included in the period are summarized in the table below: Periods Period End Date Number of Weeks in Period Current and Prior Fiscal Quarters: First Quarter 2021 April 18, 2021 16 First Quarter 2020 April 19, 2020 16 Current and Prior Fiscal Years: Fiscal Year 2021 December 26, 2021 52 Fiscal Year 2020 December 27, 2020 52 Reclassifications Certain amounts presented have been reclassified within the April 19, 2020 Condensed Consolidated Statement of Cash Flows to conform with the current period presentation, including prior year reclassifications from Other, net to Gift card breakage within Cash flows provided by (used in) operating activities, and from Prepaid expenses and other current assets to Income tax receivable within Changes in operating assets and liabilities. The reclassifications had no effect on the Company’s cash flows from operations. Recent Accounting Pronouncements Income Taxes In December 2019, the Financial Accounting Standards Board ("FASB") issued Update 2019-12, Income Taxes ("Topic 740") as part of its Simplification Initiative. This guidance provides amendments to simplify the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The amendments also improve consistent application of and simplify GAAP for other areas of Topic 740 by clarifying and amending existing guidance. This guidance is effective for annual and interim reporting periods beginning after December 15, 2020, and early adoption is permitted. We adopted Topic 740 during the first quarter of fiscal year 2021, noting it did not have a material impact to the Company's Condensed Consolidated Financial Statements upon adoption. Reference Rate Reform In March 2020, FASB issued Update 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. This update provides temporary optional expedients to applying the reference rate reform guidance to contracts that reference LIBOR or another reference rate expected to be discontinued. Under this update, contract modifications resulting in a new reference rate may be accounted for as a continuation of the existing contract. This guidance is effective upon issuance of the update and applies to contract modifications made through December 31, 2022. We are currently 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.

COVID-19 Pandemic

COVID-19 Pandemic	4 Months Ended
	Apr. 18, 2021
Unusual or Infrequent Items, or Both [Abstract]
COVID-19 Pandemic	COVID-19 Pandemic Overview Due to the novel coronavirus ("COVID-19") pandemic, we continue to navigate unprecedented times for our business and industry. The COVID-19 pandemic has had a material adverse effect on our business; with approved vaccines being distributed and administered, we expect our restaurants’ dining room capacity to continue to increase as public health conditions improve and restrictions are eased. The extent of the reopening process, along with the potential impact of the COVID-19 pandemic on consumer spending behavior, will determine the continued significance of the impact of the COVID-19 pandemic to our operating results and financial position. Rent In response to the impact of COVID-19 on our operations, beginning April 1, 2020 the Company stopped making full lease payments under its existing lease agreements. During the suspension of payments, the Company continued to recognize expenses and liabilities for lease obligations and corresponding right-of-use assets on the balance sheet in accordance with ASC Topic 842 . We are nearing the conclusion of ongoing discussions with landlords regarding restructuring lease payments and rent concessions. As of April 18, 2021, the Company has contractually negotiated rent concessions with the majority of its landlords. The types of rent concessions the Company has negotiated include early termination, early renewal, rent deferral, and rent abatement. For contractual rent concessions that do not substantially change the total cash flows of the lease, the Company has elected to account for these concessions assuming the existing lease agreements provide enforceable rights and obligations consistent with the relief issued by the Financial Accounting Standards Board titled ASC Topic 842 and ASC Topic 840: Accounting for Lease Concessions Related to the Effects of the COVID-19 Pandemic ("FASB Relief") . For leases where the rent concession did not substantially change the total cash flows, the concession was accounted for as a remeasurement to the lease liability based on the original discount rate with a corresponding adjustment to the right-of-use asset. Additionally, the classification of the leases was not reassessed. For contractual rent concessions that substantially changed the total cash flows of the lease and did not qualify for the FASB relief, we applied the modification framework in accordance with ASC Topic 842 , Leases . The Company reassessed lease classification for rent concessions that did not qualify for the FASB relief. During the first fiscal quarter of 2021, it was concluded no leases changed classification between operating and finance. Contractual rent concessions granted to the Company during the first fiscal quarter of 2021 did not grant the right to use additional assets not included in the original lease contracts, so no separate contracts were accounted for as part of the rent concession modifications. Restaurant Assets During the sixteen weeks ended April 18, 2021, the Company recognized $1.2 million of asset impairment related to property, plant, and equipment assets at one Company-owned restaurant. During first quarter 2021, the Company determined to permanently close this restaurant after it had remained temporarily closed since the beginning of the COVID-19 pandemic. These impairment charges were included in Other charges on the Condensed Consolidated Statements of Operation and Comprehensive Loss. Income Tax The March 19, 2020 passage of the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act") created an opportunity for the Company to carry back 2019 and 2020 net operating losses ("NOL's"). The 2019 federal NOL’s were carried back to previous tax periods and resulted in refunds received and recorded during 2020. In 2021, the Company expects to receive approximately $16 million of cash tax refunds from remaining federal and state NOL carrybacks. As of April 18, 2021, the Company had approximately $5.5 million of federal net operating loss carryforwards from the 2020 and 2021 tax years. The Company has approximately $12.6 million of net operating loss carryforwards for state income tax purposes that arose from the 2019, 2020, and 2021 tax years. The federal net operating loss carryforwards will be retained for an indefinite period. Of the state net operating loss carryforwards, approximately $0.2 million may expire, if unused, in 2024. The remaining state net operating losses approximating $12.4 million may expire, if unused, through 2039 or in some cases will be retained for an indefinite period. The utilization of net operating loss carryforwards may be limited to 80% of taxable income in any given year. The total $77.6 million valuation allowance includes $5.5 million federal NOL's and the $12.6 million state NOL's recorded as of April 18, 2021.

Revenue

Revenue	4 Months Ended
	Apr. 18, 2021
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): Sixteen Weeks Ended April 18, 2021 April 19, 2020 Restaurant revenue $ 318,677 $ 301,434 Franchise revenue (1) 4,877 2,897 Gift card breakage 2,293 1,414 Other revenue 428 320 Total revenues $ 326,275 $ 306,065 ——————————————————— (1) Franchise royalties and advertising contributions were temporarily abated and not collected at the end of the first quarter of 2020 due to the COVID-19 pandemic. Contract liabilities Components of Unearned revenue in the accompanying Condensed Consolidated Balance Sheets are as follows (in thousands): April 18, 2021 December 27, 2020 Unearned gift card revenue $ 30,686 $ 38,309 Deferred loyalty revenue $ 12,310 $ 11,829 Revenue recognized in the Condensed Consolidated Statements of Operations and Comprehensive Loss for the redemption and breakage of gift cards that were included in the liability balance at the beginning of the fiscal year was as follows (in thousands): Sixteen Weeks Ended April 18, 2021 April 19, 2020 Gift card revenue $ 9,020 $ 11,911

Leases

Leases	4 Months Ended
	Apr. 18, 2021
Leases [Abstract]
Leases	Leases Leases are included in right-of-use assets, net, current portion of lease obligations, and long-term portion of lease liabilities on our Condensed Consolidated Balance Sheet as of April 18, 2021 and December 27, 2020 as follows (in thousands): April 18, 2021 Finance Operating Total Right of use assets, net $ 9,362 $ 417,820 $ 427,182 Current portion of lease obligations 856 50,513 51,369 Long-term portion of lease obligations 10,642 453,087 463,729 Total $ 11,498 $ 503,600 $ 515,098 December 27, 2020 Finance Operating Total Right of use assets, net $ 9,644 $ 415,929 $ 425,573 Current portion of lease obligations 1,078 54,197 55,275 Long-term portion of lease obligations 10,937 454,296 465,233 Total $ 12,015 $ 508,493 $ 520,508 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 and Comprehensive Loss as follows (in thousands): Sixteen Weeks Ended April 18, 2021 April 19, 2020 Operating lease cost $ 21,461 $ 21,990 Finance lease cost: Amortization of right of use assets 263 203 Interest on lease liabilities 159 138 Total finance lease cost 422 $ 341 Variable lease cost 6,416 8,317 Total $ 28,299 $ 30,648 Maturities of our lease liabilities as of April 18, 2021 were as follows (in thousands): Finance Leases Operating Leases Total Remainder of 2021 $ 902 $ 56,528 $ 57,430 2022 1,327 78,064 79,391 2023 1,244 74,897 76,141 2024 1,264 72,696 73,960 2025 1,283 67,940 69,223 Thereafter 8,784 364,706 373,490 Total future lease liability $ 14,804 $ 714,831 $ 729,635 Less imputed interest 3,306 211,231 214,537 Fair value of lease liability $ 11,498 $ 503,600 $ 515,098 Supplemental cash flow and other information related to leases is as follows (in thousands, except other information): Sixteen Weeks Ended April 18, 2021 April 19, 2020 Cash flows from operating activities Cash paid related to lease liabilities Operating leases $ 27,998 $ 12,683 Finance leases 159 138 Cash flows from financing activities Cash paid related to lease liabilities Finance leases 599 — Cash paid for amounts included in the measurement of lease liabilities: $ 28,756 $ 12,821 Right of use assets obtained in exchange for operating lease obligations $ 13,448 $ 2,311 Other information related to operating leases as follows: Weighted average remaining lease term (years) 10.1 years 10.5 years Weighted average discount rate 6.96 % 7.38 % Other information related to finance leases as follows: Weighted average remaining lease term (years) 11.5 years 12.1 years Weighted average discount rate 4.56 % 4.86 %

Loss Per Share

Loss Per Share	4 Months Ended
	Apr. 18, 2021
Earnings Per Share [Abstract]
Loss Per Share	Loss Per Share Basic loss per share amounts are calculated by dividing net loss by the weighted-average number of shares of common stock outstanding during the period. Diluted loss 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 loss per share reflects the potential dilution that could occur if holders of options exercised their options into common stock. As the company was in a net loss position for both the sixteen weeks ended April 18, 2021 and April 19, 2020, all potentially dilutive common shares are considered anti-dilutive. The Company uses the treasury stock method to calculate the effect of outstanding stock options and awards. Basic weighted average shares outstanding is reconciled to diluted weighted average shares outstanding as follows (in thousands): Sixteen Weeks Ended April 18, 2021 April 19, 2020 Basic weighted average shares outstanding 15,579 12,903 Dilutive effect of stock options and awards — — Diluted weighted average shares outstanding 15,579 12,903 Awards excluded due to anti-dilutive effect on diluted loss per share 241 318

Other Charges

Other Charges	4 Months Ended
	Apr. 18, 2021
Other Income and Expenses [Abstract]
Other Charges (Gains)	Other Charges Other charges consist of the following (in thousands): Sixteen Weeks Ended April 18, 2021 April 19, 2020 Restaurant closure and refranchising costs $ 2,447 $ 1,406 Restaurant asset impairment 1,242 15,498 Litigation contingencies 1,085 4,500 COVID-19 related costs 569 198 Board and stockholder matter costs 128 1,482 Goodwill impairment — 95,414 Severance and executive transition — 881 Other charges $ 5,471 $ 119,379 Restaurant closure and refranchising costs include the ongoing restaurant operating costs of the Company-owned restaurants that remained temporarily closed due to the COVID-19 pandemic, as well as any costs incurred for permanently closed restaurants including lease termination costs. The Company recognized non-cash impairment charges related to restaurant assets at one and 24 Company-owned restaurants during the sixteen weeks ended April 18, 2021 and April 19, 2020 resulting from quantitative impairment analyses. Litigation contingencies include legal settlement costs accrued within the period presented related to class action employment cases and other employment matters. COVID-19 related costs include the costs of purchasing personal protective equipment for restaurant Team Members and Guests and emergency sick pay provided to restaurant Team Members during the pandemic. Board and stockholder matters costs were primarily related to the recruitment and appointment of a new board member in the first quarter of 2021 and to the recruitment and appointment of a new board member, and other board and stockholder matters in the first quarter of 2020. We performed a goodwill impairment analysis during the first quarter of 2020 resulting in full impairment of our goodwill balance. The goodwill impairment was measured as the amount by which the carrying amount of the reporting unit, including goodwill, exceeded its fair value.

Borrowings

Borrowings	4 Months Ended
	Apr. 18, 2021
Debt Disclosure [Abstract]
Borrowings	Borrowings Borrowings as of April 18, 2021 and December 27, 2020 are summarized below (in thousands): April 18, 2021 December 27, 2020 Borrowings Weighted Borrowings Weighted Revolving credit facility, term loan, and other long-term debt $ 164,221 6.30 % $ 170,644 4.50 % Total debt 164,221 170,644 Less current portion 9,692 9,692 Long-term debt $ 154,529 $ 160,952 Amounts issued under letters of credit $ 8,600 $ 8,700 Loan origination costs associated with the Company's credit facility are included as deferred costs in Other assets, net in the accompanying Condensed Consolidated Balance Sheets. Unamortized debt issuance costs were $2.4 million and $3.3 million as of April 18, 2021 and December 27, 2020. Second Amendment to Credit Agreement On February 25, 2021, the Company entered into the Second Amendment to Credit Agreement (the "Second Amendment"). The Second Amendment further amends the credit facility to, among other things: • suspend the application of (a) the lease adjusted leverage ratio financial covenant (the "LALR ratio") and (b) the fixed charge coverage ratio (the "FCC ratio") for the first and second fiscal quarters of 2021; • increase the maximum leverage permitted for purposes of the LALR ratio for the fourth fiscal quarter of 2021 and the first and second fiscal quarters of 2022; • for the third and fourth fiscal quarters of 2021 and the first fiscal quarter of 2022, provide that (a) the LALR ratio will be calculated using a seasonally adjusted annualized consolidated EBITDA for the applicable period since the beginning of the third fiscal quarter and (b) the FCC ratio will be calculated only for the applicable periods since the beginning of the third fiscal quarter of 2021; • revise the FCC ratio to account for cash tax refunds received in fiscal year 2021; • amend the minimum liquidity covenant such that is it measured as of the last day of each applicable fiscal quarter and (a) for the first and second quarters of 2021, requires minimum liquidity of $55 million and (b) for the third and fourth fiscal quarters of 2021, requires minimum liquidity of $42 million; • remove provisions requiring mandatory prepayments from net cash proceeds of certain equity issuances and convertible debt issuances; • shorten the maturity date applicable to the revolver and term loan to January 10, 2023; • reduce the aggregate revolving commitment to $130 million on the Second Amendment effective date and to $100 million at the end of the third fiscal quarter of 2021; • increase the pricing under the credit facility for (a) the period from the Second Amendment effective date through the first interest determination date occurring after the fourth fiscal quarter of 2021 to LIBOR (subject to a 1% floor) plus 4.50% and (b) periods thereafter to LIBOR (subject to a 1% floor) plus 4%; • require the payment of a utilization fee (paid on the revolver maturity date) equal to 0.75% per annum of the daily outstanding principal balance of term loans, revolving loans, swingline loans, and letter of credit obligations from the Second Amendment effective date to the first interest determination date occurring after the fourth fiscal quarter of 2021; • subject to limited exceptions and other limitations, prohibit certain capital expenditures, restricted payments, acquisitions, and other investments until the Company delivers a compliance certificate for a fiscal quarter (beginning with third fiscal quarter of 2021 and the fourth fiscal quarter of 2021 specifically for restricted payments) demonstrating a LALR ratio less than or equal to 5.00:1.00; and • amend the maximum allowable cash on hand provision to require revolver payments (but with no associated permanent reduction in the revolving commitment) to the extent that the Company's consolidated cash on hand exceeds $35 million at any time. In conjunction with the execution of the Second Amendment, the Company paid certain customary amendment fees to the lenders under the credit facility totaling approximately $0.6 million which will be capitalized as deferred loan fees and amortized over the remaining term of the credit facility. Additionally, in conjunction with the execution of the Second Amendment, the company performed an analysis of the amendment under ASC Topic 470 , and determined that debt modification accounting was appropriate for our term loan and revolving credit facility due to the change in total capacity under the new amendment. During the first quarter of 2021, the Company expensed approximately $1.2 million of deferred financing charges related to a calculated reduction in total borrowing capacity of the revolver.

Fair Value Measurements

Fair Value Measurements	4 Months Ended
	Apr. 18, 2021
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 included in Other assets, net on the accompanying Condensed Consolidated Balance Sheets as of April 18, 2021 and December 27, 2020 (in thousands): April 18, 2021 Level 1 Level 2 Level 3 Assets: Investments in rabbi trust $ 6,788 $ 6,788 $ — $ — Total assets measured at fair value $ 6,788 $ 6,788 $ — $ — December 27, 2020 Level 1 Level 2 Level 3 Assets: Investments in rabbi trust $ 6,740 $ 6,740 $ — $ — Total assets measured at fair value $ 6,740 $ 6,740 $ — $ — Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis Assets and liabilities recognized or disclosed at fair value on the Condensed Consolidated Financial Statements on a nonrecurring basis include items such as property, plant and equipment, right of use assets, goodwill, and other intangible assets. These assets are measured at fair value if determined to be impaired. The Company has measured non-financial assets for impairment. We impaired long-lived restaurant assets at one Company-owned restaurant with a carrying value of $3.8 million (including right of use assets), recognizing an impairment expense of $1.2 million related to the net book value of long-lived restaurant assets for this restaurant. The impairment was recorded as a result of the decision to close this restaurant and nine additional restaurants which had also remained closed since the beginning of the COVID-19 pandemic, whose long-lived restaurant assets had no remaining net book value; see footnote 6 Other Charges of this Quarterly Report on Form 10-Q for additional detail. Disclosures of Fair Value of Other Assets and Liabilities The Company's liability under its credit facility is carried at historical cost in the accompanying Condensed Consolidated Balance Sheets. Due to market interest rates decreasing during fiscal year 2021, the Company determined the carrying value of the liability under its credit facility did not approximate fair value. The carrying value and fair value of the credit facility as of April 18, 2021 were $163.3 million and $162.0 million. As of December 27, 2020, the carrying value and fair value of the credit facility were $169.8 million and $172.6 million. The interest rate on the credit facility represents a level 2 fair value input.

Commitments and Contingencies

Commitments and Contingencies	4 Months Ended
	Apr. 18, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and ContingenciesIn the normal course of business, there are various claims in process, matters in litigation, and other contingencies. These include employment related claims and claims from Guests or Team Members alleging illness, injury, food quality, health, or operational concerns. To date, none of these claims, certain of which are covered by insurance policies, have had a material effect on the Company. While it is not possible to predict the outcome of these suits, legal proceedings, and claims with certainty, management is of the opinion that adequate provision for potential losses associated with these matters has been made in the financial statements and that the ultimate resolution of these matters will not have a material adverse effect on our financial position and results of operations. However, a significant increase in the number of these claims, or one or more successful claims resulting in greater liabilities than we currently anticipate, could materially and adversely affect our business, financial condition, results of operations, and cash flows.

Basis of Presentation and Rec_2

Basis of Presentation and Recent Accounting Pronouncements (Policies)	4 Months Ended
	Apr. 18, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
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 27, 2020 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 27, 2020 filed with the SEC on March 3, 2021. Our current and prior year periods, period end dates, and number of weeks included in the period are summarized in the table below: Periods Period End Date Number of Weeks in Period Current and Prior Fiscal Quarters: First Quarter 2021 April 18, 2021 16 First Quarter 2020 April 19, 2020 16 Current and Prior Fiscal Years: Fiscal Year 2021 December 26, 2021 52 Fiscal Year 2020 December 27, 2020 52
Reclassifications	Reclassifications Certain amounts presented have been reclassified within the April 19, 2020 Condensed Consolidated Statement of Cash Flows to conform with the current period presentation, including prior year reclassifications from Other, net to Gift card breakage within Cash flows provided by (used in) operating activities, and from Prepaid expenses and other current assets to Income tax receivable within Changes in operating assets and liabilities. The reclassifications had no effect on the Company’s cash flows from operations.
Recent Accounting Pronouncements and Recently Adopted Accounting Standards	Recent Accounting Pronouncements Income Taxes In December 2019, the Financial Accounting Standards Board ("FASB") issued Update 2019-12, Income Taxes ("Topic 740") as part of its Simplification Initiative. This guidance provides amendments to simplify the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The amendments also improve consistent application of and simplify GAAP for other areas of Topic 740 by clarifying and amending existing guidance. This guidance is effective for annual and interim reporting periods beginning after December 15, 2020, and early adoption is permitted. We adopted Topic 740 during the first quarter of fiscal year 2021, noting it did not have a material impact to the Company's Condensed Consolidated Financial Statements upon adoption. Reference Rate Reform In March 2020, FASB issued Update 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. This update provides temporary optional expedients to applying the reference rate reform guidance to contracts that reference LIBOR or another reference rate expected to be discontinued. Under this update, contract modifications resulting in a new reference rate may be accounted for as a continuation of the existing contract. This guidance is effective upon issuance of the update and applies to contract modifications made through December 31, 2022. We are currently 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 (Tables)

Revenue (Tables)	4 Months Ended
	Apr. 18, 2021
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): Sixteen Weeks Ended April 18, 2021 April 19, 2020 Restaurant revenue $ 318,677 $ 301,434 Franchise revenue (1) 4,877 2,897 Gift card breakage 2,293 1,414 Other revenue 428 320 Total revenues $ 326,275 $ 306,065 ——————————————————— (1) Franchise royalties and advertising contributions were temporarily abated and not collected at the end of the first quarter of 2020 due to the COVID-19 pandemic.
Schedule of components of unearned revenue	Components of Unearned revenue in the accompanying Condensed Consolidated Balance Sheets are as follows (in thousands): April 18, 2021 December 27, 2020 Unearned gift card revenue $ 30,686 $ 38,309 Deferred loyalty revenue $ 12,310 $ 11,829
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 for the redemption and breakage of gift cards that were included in the liability balance at the beginning of the fiscal year was as follows (in thousands): Sixteen Weeks Ended April 18, 2021 April 19, 2020 Gift card revenue $ 9,020 $ 11,911

Leases (Tables)

Leases (Tables)	4 Months Ended
	Apr. 18, 2021
Leases [Abstract]
Schedule of Leased Assets and Liabilities	Leases are included in right-of-use assets, net, current portion of lease obligations, and long-term portion of lease liabilities on our Condensed Consolidated Balance Sheet as of April 18, 2021 and December 27, 2020 as follows (in thousands): April 18, 2021 Finance Operating Total Right of use assets, net $ 9,362 $ 417,820 $ 427,182 Current portion of lease obligations 856 50,513 51,369 Long-term portion of lease obligations 10,642 453,087 463,729 Total $ 11,498 $ 503,600 $ 515,098 December 27, 2020 Finance Operating Total Right of use assets, net $ 9,644 $ 415,929 $ 425,573 Current portion of lease obligations 1,078 54,197 55,275 Long-term portion of lease obligations 10,937 454,296 465,233 Total $ 12,015 $ 508,493 $ 520,508
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 and Comprehensive Loss as follows (in thousands): Sixteen Weeks Ended April 18, 2021 April 19, 2020 Operating lease cost $ 21,461 $ 21,990 Finance lease cost: Amortization of right of use assets 263 203 Interest on lease liabilities 159 138 Total finance lease cost 422 $ 341 Variable lease cost 6,416 8,317 Total $ 28,299 $ 30,648
Schedule of operating lease maturities	Maturities of our lease liabilities as of April 18, 2021 were as follows (in thousands): Finance Leases Operating Leases Total Remainder of 2021 $ 902 $ 56,528 $ 57,430 2022 1,327 78,064 79,391 2023 1,244 74,897 76,141 2024 1,264 72,696 73,960 2025 1,283 67,940 69,223 Thereafter 8,784 364,706 373,490 Total future lease liability $ 14,804 $ 714,831 $ 729,635 Less imputed interest 3,306 211,231 214,537 Fair value of lease liability $ 11,498 $ 503,600 $ 515,098
Schedule of finance lease maturities	Maturities of our lease liabilities as of April 18, 2021 were as follows (in thousands): Finance Leases Operating Leases Total Remainder of 2021 $ 902 $ 56,528 $ 57,430 2022 1,327 78,064 79,391 2023 1,244 74,897 76,141 2024 1,264 72,696 73,960 2025 1,283 67,940 69,223 Thereafter 8,784 364,706 373,490 Total future lease liability $ 14,804 $ 714,831 $ 729,635 Less imputed interest 3,306 211,231 214,537 Fair value of lease liability $ 11,498 $ 503,600 $ 515,098
Supplemental cash flow related to leases	Supplemental cash flow and other information related to leases is as follows (in thousands, except other information): Sixteen Weeks Ended April 18, 2021 April 19, 2020 Cash flows from operating activities Cash paid related to lease liabilities Operating leases $ 27,998 $ 12,683 Finance leases 159 138 Cash flows from financing activities Cash paid related to lease liabilities Finance leases 599 — Cash paid for amounts included in the measurement of lease liabilities: $ 28,756 $ 12,821 Right of use assets obtained in exchange for operating lease obligations $ 13,448 $ 2,311 Other information related to operating leases as follows: Weighted average remaining lease term (years) 10.1 years 10.5 years Weighted average discount rate 6.96 % 7.38 % Other information related to finance leases as follows: Weighted average remaining lease term (years) 11.5 years 12.1 years Weighted average discount rate 4.56 % 4.86 %

Loss Per Share (Tables)

Loss Per Share (Tables)	4 Months Ended
	Apr. 18, 2021
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): Sixteen Weeks Ended April 18, 2021 April 19, 2020 Basic weighted average shares outstanding 15,579 12,903 Dilutive effect of stock options and awards — — Diluted weighted average shares outstanding 15,579 12,903 Awards excluded due to anti-dilutive effect on diluted loss per share 241 318

Other Charges (Gains) (Tables)

Other Charges (Gains) (Tables)	4 Months Ended
	Apr. 18, 2021
Other Income and Expenses [Abstract]
Summary of Other Charges (Gains)	Other charges consist of the following (in thousands): Sixteen Weeks Ended April 18, 2021 April 19, 2020 Restaurant closure and refranchising costs $ 2,447 $ 1,406 Restaurant asset impairment 1,242 15,498 Litigation contingencies 1,085 4,500 COVID-19 related costs 569 198 Board and stockholder matter costs 128 1,482 Goodwill impairment — 95,414 Severance and executive transition — 881 Other charges $ 5,471 $ 119,379

Debt (Tables)

Debt (Tables)	4 Months Ended
	Apr. 18, 2021
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Borrowings as of April 18, 2021 and December 27, 2020 are summarized below (in thousands): April 18, 2021 December 27, 2020 Borrowings Weighted Borrowings Weighted Revolving credit facility, term loan, and other long-term debt $ 164,221 6.30 % $ 170,644 4.50 % Total debt 164,221 170,644 Less current portion 9,692 9,692 Long-term debt $ 154,529 $ 160,952 Amounts issued under letters of credit $ 8,600 $ 8,700

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	4 Months Ended
	Apr. 18, 2021
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 included in Other assets, net on the accompanying Condensed Consolidated Balance Sheets as of April 18, 2021 and December 27, 2020 (in thousands): April 18, 2021 Level 1 Level 2 Level 3 Assets: Investments in rabbi trust $ 6,788 $ 6,788 $ — $ — Total assets measured at fair value $ 6,788 $ 6,788 $ — $ — December 27, 2020 Level 1 Level 2 Level 3 Assets: Investments in rabbi trust $ 6,740 $ 6,740 $ — $ — Total assets measured at fair value $ 6,740 $ 6,740 $ — $ —

Basis of Presentation and Rec_3

Basis of Presentation and Recent Accounting Pronouncements - Additional Information (Details)	4 Months Ended
	Apr. 18, 2021restaurantsegmentstateprovince
Number of operating segments | segment	1
Number of reportable segments | segment	1
Entity Operated Units [Member]
Number of restaurants | restaurant	440
Number of states in which restaurants are located | state	38
Franchised Units [Member]
Number of restaurants | restaurant	103
Number of states in which restaurants are located | state	16
Number of Canadian provinces in which restaurants are located | province	1

COVID-19 Pandemic (Details)

COVID-19 Pandemic (Details) $ in Thousands	4 Months Ended
	Apr. 18, 2021USD ($)restaurant	Apr. 19, 2020USD ($)
Unusual or Infrequent Items, or Both [Abstract]
Asset Impairment Charges, Closed Restaurants	$ 1,200
Number of Closed Restaurants Impaired | restaurant	1
Closed Restaurants with no remaining NBV of PPE | restaurant	9
Estimated Cash Tax Refund	$ 16,000
Deferred Tax Assets, Federal	5,500
Deferred Tax Assets, State Taxes	12,600
State Net Operating Loss Carryforward - Expires 2024	200
State Net Operating Loss Carryforward - Expires 2039	$ 12,400
Operating Loss Carryforwards, Limitations on Use	80%
Deferred Tax Assets, Valuation Allowance	$ 77,600
Subsequent Event [Line Items]
Proceeds from Income Tax Refunds	$ 473	$ 11

Revenue - Schedule of Revenue D

Revenue - Schedule of Revenue Disaggregation by Product Type (Details) - USD ($) $ in Thousands	4 Months Ended
	Apr. 18, 2021	Apr. 19, 2020
Disaggregation of Revenue [Line Items]
Total revenues	$ 326,275	$ 306,065
Restaurant revenue
Disaggregation of Revenue [Line Items]
Total revenues	318,677	301,434
Franchise revenue
Disaggregation of Revenue [Line Items]
Total revenues	4,877	2,897
Gift card breakage
Disaggregation of Revenue [Line Items]
Total revenues	2,293	1,414
Other revenue
Disaggregation of Revenue [Line Items]
Total revenues	$ 428	$ 320

Revenue - Additional Informatio

Revenue - Additional Information (Details) - USD ($) $ in Thousands	Apr. 18, 2021	Dec. 27, 2020
Disaggregation of Revenue [Line Items]
Unearned revenue	$ 42,996	$ 50,138
Gift card revenue
Disaggregation of Revenue [Line Items]
Unearned revenue	30,686	38,309
Deferred loyalty revenue
Disaggregation of Revenue [Line Items]
Unearned revenue	$ 12,310	$ 11,829

Revenue - Schedule of Revenue R

Revenue - Schedule of Revenue Recognized Included in Liability Balances at Beginning of Fiscal Year (Details) - USD ($) $ in Thousands	4 Months Ended
	Apr. 18, 2021	Apr. 19, 2020
Gift card revenue
Disaggregation of Revenue [Line Items]
Gift card revenue	$ 9,020	$ 11,911

Leases Additional Balance Sheet

Leases Additional Balance Sheet information (Details) - USD ($) $ in Thousands	Apr. 18, 2021	Dec. 27, 2020
Finance
Right of use assets, net	$ 9,362	$ 9,644
Finance Lease Liabilities
Current portion of lease obligations	856	1,078
Long-term portion of lease obligations	10,642	10,937
Total	11,498	12,015
Operating
Right of use assets, net	417,820	415,929
Operating Lease Liabilities
Current portion of lease obligations	50,513	54,197
Long-term portion of lease obligations	453,087	454,296
Total	503,600	508,493
Total
Right of use assets, net	427,182	425,573
Total
Current portion of lease obligations	51,369	55,275
Long-term portion of lease obligations	463,729	465,233
Total	$ 515,098	$ 520,508

Leases Lease Cost (Details)

Leases Lease Cost (Details) - USD ($) $ in Thousands	4 Months Ended
	Apr. 18, 2021	Apr. 19, 2020
Leases [Abstract]
Operating lease cost	$ 21,461	$ 21,990
Finance lease cost:
Amortization of right of use assets	263	203
Interest on lease liabilities	159	138
Total finance lease cost	422	341
Variable lease cost	6,416	8,317
Total	$ 28,299	$ 30,648

Leases Schedules of Lease Matur

Leases Schedules of Lease Maturities (Details) - USD ($) $ in Thousands	Apr. 18, 2021	Dec. 27, 2020
Finance Leases
Remainder of 2021	$ 902
2022	1,327
2023	1,244
2024	1,264
2025	1,283
Thereafter	8,784
Total future lease liability	14,804
Less imputed interest	3,306
Fair value of lease liability	11,498	$ 12,015
Operating Leases
Remainder of 2021	56,528
2022	78,064
2023	74,897
2024	72,696
2025	67,940
Thereafter	364,706
Total future lease liability	714,831
Less imputed interest	211,231
Fair value of lease liability	503,600	$ 508,493
Total
Remainder of 2021	57,430
2022	79,391
2023	76,141
2024	73,960
2025	69,223
Thereafter	373,490
Total future lease liability	729,635
Less imputed interest	214,537
Fair value of lease liability	$ 515,098

Leases Supplemental Cash Flow I

Leases Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	4 Months Ended
	Apr. 18, 2021	Apr. 19, 2020
Cash flows from operating activities
Operating leases	$ 27,998	$ 12,683
Finance leases	159	138
Cash flows from financing activities
Finance leases	599	0
Cash paid for amounts included in the measurement of lease liabilities:	28,756	12,821
Right of use assets obtained in exchange for operating lease obligations	$ 13,448	$ 2,311
Other information related to operating leases as follows:
Weighted average remaining lease term (years)	10 years 1 month 6 days	10 years 6 months
Weighted average discount rate	6.96%	7.38%
Other information related to finance leases as follows:
Weighted average remaining lease term (years)	11 years 6 months	12 years 1 month 6 days
Weighted average discount rate	4.56%	4.86%

Loss Per Share - Summary of Los

Loss Per Share - Summary of Loss Per Share (Details) - shares shares in Thousands	4 Months Ended
	Apr. 18, 2021	Apr. 19, 2020
Loss Per Share Reconciliation [Abstract]
Basic weighted average shares outstanding (in shares)	15,579	12,903
Dilutive effect of stock options and awards (in shares)	0	0
Diluted weighted average shares outstanding (in shares)	15,579	12,903
Awards excluded due to anti-dilutive effect on diluted earnings per share (in shares)	241	318

Other Charges - Summary of Othe

Other Charges - Summary of Other Charges (Details) - USD ($) $ in Thousands	4 Months Ended
	Apr. 18, 2021	Apr. 19, 2020
Property, Plant and Equipment [Line Items]
Restaurant closure and refranchising costs	$ 2,447	$ 1,406
Restaurant asset impairment	1,242	15,498
Litigation contingencies	1,085	4,500
COVID-19 related costs	569	198
Board and stockholder matter costs	128	1,482
Goodwill impairment	0	95,414
Severance and executive transition	0	881
Other charges	$ 5,471	$ 119,379

Other Charges - Additional Info

Other Charges - Additional Information (Details) - restaurant	4 Months Ended
	Apr. 18, 2021	Apr. 19, 2020
Other Income and Expenses [Abstract]
Number of restaurants impaired	1	24

Borrowings - Additional Informa

Borrowings - Additional Information (Details) $ in Thousands	Feb. 25, 2021USD ($)maximumRatio	Dec. 26, 2021USD ($)	Jul. 11, 2021USD ($)	Dec. 27, 2021	Oct. 03, 2021USD ($)	Apr. 18, 2021USD ($)	Dec. 27, 2020USD ($)
Debt Disclosure [Abstract]
Total Debt Outstanding						$ 164,221	$ 170,644
Long-term Debt, Weighted Average Interest Rate, at Point in Time						6.30%	4.50%
Current portion of long-term debt						$ 9,692	$ 9,692
Long-term debt						154,529	160,952
Credit Facility, Outstanding, Carrying Value						163,300	169,800
Letters of Credit Outstanding, Amount						8,600	8,700
Deferred Loan Fees, Net of Amortization						$ 2,400	$ 3,300
Debt Instrument, Maturity Date	Jan. 10, 2023
Maximum borrowing capacity	$ 130,000
LIBOR Interest Rate Floor	1.00%
Principal Repayment Rate	4.50%
Credit Facility Utilization Rate	0.75%
Restricted Payment Lease Adjusted Leverage Ratio Requirement | maximumRatio	5
Debt Covenant, Cash On Hand In Excess Of Threshold Amount	$ 35,000
Payments of Financing Costs	600
Write off of Deferred Debt Issuance Cost	$ 1,200
Subsequent Event
Debt Disclosure [Abstract]
Minimum Liquidity Covenant		$ 42,000	$ 55,000
Maximum borrowing capacity					$ 100,000
LIBOR Interest Rate Floor				1.00%
Principal Repayment Rate				4.00%

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Assets at Fair Value on a Recurring Basis (Details) - Recurring - USD ($) $ in Thousands	Apr. 18, 2021	Dec. 27, 2020
Assets:
Investments in rabbi trust	$ 6,788	$ 6,740
Total assets measured at fair value	6,788	6,740
Level 1
Assets:
Investments in rabbi trust	6,788	6,740
Total assets measured at fair value	6,788	6,740
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 - Narra

Fair Value Measurements - Narrative (Details) $ in Millions	4 Months Ended
	Apr. 18, 2021USD ($)restaurant	Apr. 19, 2020restaurant	Dec. 27, 2020USD ($)
Fair Value Disclosures [Abstract]
Number of restaurants impaired | restaurant	1	24
Closed Restaurants with no remaining NBV of PPE | restaurant	9
Restaurants carrying value	$ 3.8
Asset Impairment Charges, Closed Restaurants	1.2
Credit Facility, Outstanding, Carrying Value	163.3		$ 169.8
Long-term Debt, Fair Value	$ 162		$ 172.6