Red Robin Gourmet Burgers (RRGB) 10-Q 10 Aug 22 2022 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jul. 10, 2022	Aug. 08, 2022
Document and Entity Information
Entity Registrant Name	RED ROBIN GOURMET BURGERS, INC.
Entity Central Index Key	0001171759
Current Fiscal Year End Date	--12-25
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Jul. 10, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus (Q1,Q2,Q3,FY)	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		15,893,807
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	10000 E. Geddes Avenue
Entity Address, Address Line Two	Suite 500
Entity Address, City or Town	Englewood
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80112
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	Jul. 10, 2022	Dec. 26, 2021
Current assets:
Cash and cash equivalents	$ 50,338	$ 22,750
Accounts receivable, net	12,578	21,400
Inventories	25,216	25,219
Income Taxes Receivable	681	15,824
Prepaid expenses and other current assets	14,155	16,963
Total current assets	111,644	102,156
Property and equipment, net	354,199	386,336
Operating lease assets, net	383,500	400,825
Intangible assets, net	19,848	21,292
Restricted Cash	8,676	0
Other assets, net	15,188	18,389
Total assets	884,379	928,998
Current liabilities:
Accounts payable	32,419	32,510
Accrued payroll and payroll-related liabilities	33,070	32,584
Unearned revenue	37,832	54,214
Current portion of operating lease obligations	48,080	48,842
Current portion of long-term debt	2,000	9,692
Accrued liabilities and other	53,161	45,458
Total current liabilities	206,562	223,300
Long-term debt	189,373	167,263
Long-term portion of operating lease obligations	413,278	435,136
Other non-current liabilities	13,591	26,325
Total liabilities	822,804	852,024
Stockholders' equity
Common stock; $0.001 par value: 45,000 shares authorized; 20,449 shares issued; 15,899 and 15,722 shares outstanding as of July 10, 2022 and December 26, 2021	20	20
Preferred stock, $0.001 par value: 3,000 shares authorized; no shares issued and outstanding as of July 10, 2022 and December 26, 2021	0	0
Treasury stock 4,550 and 4,727 shares, at cost, as of July 10, 2022 and December 26, 2021	(184,205)	(192,803)
Paid-in capital	239,607	242,560
Accumulated other comprehensive (loss) income, net of tax	(6)	1
Retained Earnings	6,159	27,196
Total stockholders' equity	61,575	76,974
Total liabilities and stockholders' equity	$ 884,379	$ 928,998
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	15,899,000	15,722,000
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	4,550,000	4,727,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 10, 2022	Jul. 11, 2021	Jul. 10, 2022	Jul. 11, 2021
Revenues:
Total revenues	$ 294,090	$ 276,975	$ 689,640	$ 603,250
Restaurant operating costs (excluding depreciation and amortization shown separately below):
Cost of sales	72,702	61,917	163,643	131,083
Labor	101,643	98,949	239,751	210,608
Other operating	52,003	46,928	119,867	104,640
Occupancy	22,980	21,614	53,579	51,714
Depreciation and amortization	17,637	19,215	41,556	45,103
Selling, general and administrative expenses	32,095	28,346	66,475	58,956
Pre-opening costs	235	374	297	374
Other charges, net	8,146	2,196	13,453	7,667
Total costs and expenses	307,441	279,539	698,621	610,145
Loss from operations	(13,351)	(2,564)	(8,981)	(6,895)
Other expense:
Interest expense, net and other	4,147	2,786	11,560	7,116
Loss before income taxes	(17,498)	(5,350)	(20,541)	(14,011)
Income tax provision	434	(354)	496	(302)
Net loss	$ (17,932)	$ (4,996)	$ (21,037)	$ (13,709)
Earnings Per Share [Abstract]
Basic (in dollars per share)	$ (1.13)	$ (0.32)	$ (1.33)	$ (0.88)
Diluted (in dollars per share)	$ (1.13)	$ (0.32)	$ (1.33)	$ (0.88)
Weighted average shares outstanding:
Basic (in shares)	15,830	15,665	15,783	15,617
Diluted (in shares)	15,830	15,665	15,783	15,617
Other comprehensive loss:
Foreign currency translation adjustment	$ (18)	$ (1)	$ (7)	$ 20
Other comprehensive (loss) income, net of tax	(18)	(1)	(7)	20
Total comprehensive loss	(17,950)	(4,997)	(21,044)	(13,689)
Restaurant revenue
Revenues:
Total revenues	288,657	272,157	669,269	590,834
Franchise and other revenues
Revenues:
Total revenues	$ 5,433	$ 4,818	$ 20,371	$ 12,416

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
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)			4,901
Beginning balance (in shares) at Dec. 27, 2020		20,449
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)
Non-cash stock compensation	880			880
Net loss	(8,713)					(8,713)
Other comprehensive loss	21				21
Ending balance (in shares) at Apr. 18, 2021		20,449
Ending balance (in shares) at Apr. 18, 2021			4,827
Ending balance at Apr. 18, 2021	112,286	$ 20	$ (196,883)	240,647	17	68,485
Beginning balance (in shares) at Dec. 27, 2020		20,449
Beginning balance at Dec. 27, 2020	120,713	$ 20	$ (199,908)	243,407	(4)	77,198
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(13,709)
Other comprehensive loss	20
Ending balance (in shares) at Jul. 11, 2021		20,449
Ending balance (in shares) at Jul. 11, 2021			4,732
Ending balance at Jul. 11, 2021	109,163	$ 20	$ (193,039)	238,677	16	63,489
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)			4,827
Beginning balance (in shares) at Apr. 18, 2021		20,449
Beginning balance at Apr. 18, 2021	112,286	$ 20	$ (196,883)	240,647	17	68,485
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)			(95)
Exercise of options, issuance of restricted stock, shares exchanged for exercise and tax, and stock issued through employee stock purchase plan	297		$ 3,844	(3,547)
Non-cash stock compensation	1,577			1,577
Net loss	(4,996)					(4,996)
Other comprehensive loss	(1)				(1)
Ending balance (in shares) at Jul. 11, 2021		20,449
Ending balance (in shares) at Jul. 11, 2021			4,732
Ending balance at Jul. 11, 2021	$ 109,163	$ 20	$ (193,039)	238,677	16	63,489
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)			4,732
Beginning balance (in shares)			4,727
Beginning balance (in shares) at Dec. 26, 2021	15,722	20,449
Beginning balance at Dec. 26, 2021	$ 76,974	$ 20	$ (192,803)	242,560	1	27,196
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)			(64)
Exercise of options, issuance of restricted stock, shares exchanged for exercise and tax, and stock issued through employee stock purchase plan	(65)		$ 2,781	(2,846)
Non-cash stock compensation	3,042			3,042
Net loss	(3,105)					(3,105)
Other comprehensive loss	11				11
Ending balance (in shares) at Apr. 17, 2022		20,449
Ending balance (in shares) at Apr. 17, 2022			4,663
Ending balance at Apr. 17, 2022	$ 76,857	$ 20	$ (190,022)	242,756	12	24,091
Beginning balance (in shares) at Dec. 26, 2021	15,722	20,449
Beginning balance at Dec. 26, 2021	$ 76,974	$ 20	$ (192,803)	242,560	1	27,196
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(21,037)
Other comprehensive loss	$ (7)
Ending balance (in shares) at Jul. 10, 2022	15,899	20,449
Ending balance (in shares) at Jul. 10, 2022			4,550
Ending balance at Jul. 10, 2022	$ 61,575	$ 20	$ (184,205)	239,607	(6)	6,159
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)			4,663
Beginning balance (in shares) at Apr. 17, 2022		20,449
Beginning balance at Apr. 17, 2022	76,857	$ 20	$ (190,022)	242,756	12	24,091
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)			(113)
Exercise of options, issuance of restricted stock, shares exchanged for exercise and tax, and stock issued through employee stock purchase plan	126		$ 5,817	(5,691)
Non-cash stock compensation	2,542			2,542
Net loss	(17,932)					(17,932)
Other comprehensive loss	$ (18)				(18)
Ending balance (in shares) at Jul. 10, 2022	15,899	20,449
Ending balance (in shares) at Jul. 10, 2022			4,550
Ending balance at Jul. 10, 2022	$ 61,575	$ 20	$ (184,205)	$ 239,607	$ (6)	$ 6,159
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)			4,550

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jul. 10, 2022	Jul. 11, 2021
Cash flows from operating activities:
Net loss	$ (21,037)	$ (13,709)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	41,556	45,103
Gift card breakage	(8,099)	(2,793)
Restaurant asset impairment	10,861	1,357
Non-cash other charges, net	(190)	509
Stock-based compensation expense	5,571	2,457
Other, net	2,783	1,913
Changes in operating assets and liabilities:
Accounts receivable	8,825	5,159
Income tax receivable	15,242	334
Inventories	(146)	(594)
Prepaid expenses and other current assets	2,707	1,454
Operating lease assets, net of liabilities	(7,547)	(8,927)
Trade accounts payable and accrued liabilities	4,360	17,358
Unearned revenue	(8,283)	(3,814)
Other operating assets and liabilities, net	(10,164)	(8,623)
Net cash provided by operating activities	36,439	37,184
Cash flows from investing activities:
Purchases of property, equipment, and intangible assets	(15,893)	(10,854)
Proceeds from sales of real estate and property, plant, and equipment and other investing activities	269	20
Net cash used in investing activities	(15,624)	(10,834)
Cash flows from financing activities:
Borrowings of long-term debt	282,151	68,300
Payments of long-term debt and finance leases	(265,744)	(85,164)
Debt issuance costs	(4,869)	(616)
Proceeds related to real estate sale	3,856	0
Proceeds from other financing activities, net	61	549
Net cash provided by (used in) financing activities	15,455	(16,931)
Effect of exchange rate changes on cash	(6)	34
Net change in cash and cash equivalents, and restricted cash	36,264	9,453
Cash and cash equivalents, beginning of period	22,750	16,116
Cash and cash equivalents, end of period	59,014	25,569
Supplemental disclosure of cash flow information
Income tax refunds received, net	(14,761)	(628)
Interest paid, net of amounts capitalized	$ 7,462	$ 5,423

Basis of Presentation and Recen

Basis of Presentation and Recent Accounting Pronouncements	6 Months Ended
	Jul. 10, 2022
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 operates, franchises, and develops full-service restaurants in North America. As of July 10, 2022, the Company owned and operated 426 restaurants located in 38 states. The Company also had 102 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 26, 2021 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 26, 2021 filed with the SEC on March 10, 2022. Our current, prior, and upcoming 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 2022 April 17, 2022 16 First Quarter 2021 April 18, 2021 16 Second Quarter 2022 July 10, 2022 12 Second Quarter 2021 July 11, 2021 12 Current and Prior Fiscal Years: Fiscal Year 2022 December 25, 2022 52 Fiscal Year 2021 December 26, 2021 52 Upcoming fiscal year: Fiscal Year 2023 December 31, 2023 53 Reclassifications Certain amounts presented have been reclassified within the July 11, 2021 Condensed Consolidated Statement of Cash Flows to conform with the current period presentation, including prior year reclassifications from Lease assets, net of liabilities to Other operating assets and liabilities. The reclassifications had no effect on the Company’s cash flows from operations. Change in Accounting Estimate - Gift Card Breakage As part of its annual assessment of gift card breakage and during the twenty-eight weeks ended July 10, 2022, the Company re-evaluated the estimated redemption pattern related to gift cards and aligned the recognition of gift card breakage to the updated estimated redemption pattern. As a result, the Company recognized $5.9 million of additional gift card breakage in Franchise and other revenues, partially offset by $0.6 million of associated commissions costs recognized in Selling, general and administrative expenses, in the first quarter of 2022. This change in accounting estimate decreased net loss by $5.2 million, or $0.33 per basic and diluted share for the twenty-eight weeks ended July 10, 2022. The Company does not expect the impact of this change in estimate to be material to its future financial statements.

Revenue

Revenue	6 Months Ended
	Jul. 10, 2022
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 Twenty-Eight Weeks Ended July 10, 2022 July 11, 2021 July 10, 2022 July 11, 2021 Restaurant revenue $ 288,657 $ 272,157 $ 669,269 $ 590,834 Franchise revenue 4,362 3,944 10,642 8,820 Gift card breakage (1) 280 500 8,099 2,793 Other revenue 791 374 1,630 803 Total revenues $ 294,090 $ 276,975 $ 689,640 $ 603,250 (1) During the twenty-eight weeks ended July 10, 2022, the Company re-evaluated the estimated redemption pattern related to gift cards and aligned the recognition of gift card breakage revenue to the updated estimated redemption pattern. See Footnote 1, Basis of Presentation and Recent Accounting Pronouncements. Contract liabilities Components of Unearned revenue in the accompanying Condensed Consolidated Balance Sheets are as follows (in thousands): July 10, 2022 December 26, 2021 Unearned gift card revenue $ 25,260 $ 41,128 Deferred loyalty revenue $ 12,572 $ 13,086 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): Twenty-Eight Weeks Ended July 10, 2022 July 11, 2021 Gift card revenue $ 20,639 $ 10,945

Leases

Leases	6 Months Ended
	Jul. 10, 2022
Leases [Abstract]
Leases	Leases The Company's finance and operating lease assets and liabilities as of July 10, 2022 and December 26, 2021 were as follows (in thousands): July 10, 2022 Finance (1) Operating (2) Lease assets, net (3) $ 7,494 $ 383,500 Current portion of lease obligations 1,029 48,080 Long-term portion of lease obligations 8,873 413,278 Total $ 9,902 $ 461,358 December 26, 2021 Finance (1) Operating (2) Lease assets, net (3) $ 9,664 $ 400,825 Current portion of lease obligations 1,194 48,842 Long-term portion of lease obligations 10,765 435,136 Total $ 11,959 $ 483,978 (1) Finance lease assets and obligations are included in Other assets, net, Accrued liabilities and other current liabilities, and Other non-current liabilities on our July 10, 2022 and December 26, 2021 Consolidated Balance Sheets. (2) Operating lease assets and obligations are included in Operating lease assets, net, Current portion of operating lease liabilities, and Long-term portion of operating lease liabilities on our July 10, 2022 and December 26, 2021 Consolidated Balance Sheets. (3) The Lease assets, net caption includes the right of use assets associated with the Company's Finance and Operating leases, net of the associated amortization of these right of use assets. 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): Twelve Weeks Ended Twenty-Eight Weeks Ended July 10, 2022 July 11, 2021 July 10, 2022 July 11, 2021 Operating lease cost $ 16,422 $ 16,243 $ 38,111 $ 37,704 Finance lease cost: Amortization of right of use assets 238 197 580 460 Interest on lease liabilities 153 117 298 276 Total finance lease cost $ 391 $ 314 $ 878 $ 736 Variable lease cost 4,682 4,359 11,007 10,775 Total $ 21,495 $ 20,916 $ 49,996 $ 49,215 Maturities of our lease liabilities as of July 10, 2022 were as follows (in thousands): Finance Leases Operating Leases Remainder of 2022 $ 621 $ 33,689 2023 1,387 77,092 2024 1,480 75,483 2025 1,190 71,411 2026 1,246 65,683 Thereafter 6,440 325,096 Total future lease payments $ 12,364 $ 648,454 Less imputed interest 2,462 187,096 Total lease liability $ 9,902 $ 461,358 Supplemental cash flow and other information related to leases is as follows (in thousands, except other information): Twenty-Eight Weeks Ended July 10, 2022 July 11, 2021 Cash flows from operating activities Cash paid related to lease liabilities Operating leases $ 46,194 $ 47,727 Finance leases 298 276 Cash flows from financing activities Cash paid related to lease liabilities Finance leases 1,017 1,018 Cash paid for amounts included in the measurement of lease liabilities: $ 47,509 $ 49,021 Right of use assets obtained in exchange for operating lease obligations $ 7,773 $ 7,784 Right of use assets obtained in exchange for finance lease obligations $ 541 $ 751 Other information related to operating leases as follows: Weighted average remaining lease term (years) 9.39 10.01 Weighted average discount rate 7.20 % 7.01 % Other information related to finance leases as follows: Weighted average remaining lease term (years) 10.70 11.25 Weighted average discount rate 4.89 % 4.56 % On June 8, 2022 the Company closed on an agreement to sell a real estate property that the Company owned and lease it back on a short-term basis. The Company collected initial net proceeds from the purchaser-lessor of $3.9 million, which represents a portion of the total consideration to be received from the sale. The Company did not recognize a sale in the second quarter of 2022 as certain criteria to recognize a sale in accordance with ASC Topic 842, Leases , and ASC Topic 606, Revenue from Contracts with Customers , were not met. The Company did not derecognize the property, and the proceeds have been recorded on the Condensed Consolidated Balance Sheet in Accrued liabilities and other, and are included within cash flows from financing activities on the Condensed Consolidated Statements of Cash Flows for the twenty-eight weeks ended July 10, 2022. The Company expects to recognize a gain on this transaction when sale recognition criteria have been met.

Loss Per Share

Loss Per Share	6 Months Ended
	Jul. 10, 2022
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 twenty-eight weeks ended July 10, 2022 and July 11, 2021, 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): Twelve Weeks Ended Twenty-Eight Weeks Ended July 10, 2022 July 11, 2021 July 10, 2022 July 11, 2021 Basic weighted average shares outstanding 15,830 15,665 15,783 15,617 Dilutive effect of stock options and awards — — — — Diluted weighted average shares outstanding 15,830 15,665 15,783 15,617 Awards excluded due to anti-dilutive effect on diluted loss per share 983 241 806 308

Other Charges, net

Other Charges, net	6 Months Ended
	Jul. 10, 2022
Other Income and Expenses [Abstract]
Other Charges, net	Other Charges, net Other charges, net consisted of the following (in thousands): Twelve Weeks Ended Twenty-Eight Weeks Ended July 10, 2022 July 11, 2021 July 10, 2022 July 11, 2021 Asset Impairment $ 8,739 $ 115 $ 10,861 $ 1,357 Litigation contingencies (1,806) 85 (86) 1,170 Restaurant closure and refranchising costs 930 1,752 1,879 4,199 Other financing costs 61 — 370 — COVID-19 related charges 93 244 300 813 Executive transition 129 — 129 — Board and stockholder matter costs — — — 128 Other charges, net $ 8,146 $ 2,196 $ 13,453 $ 7,667 The Company recognized non-cash impairment charges primarily related to restaurant assets at six and nine Company-owned restaurants during the twelve and twenty-eight weeks ended July 10, 2022, respectively, and one Company-owned restaurant for the twenty-eight weeks ended July 11, 2021. Restaurant closure 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. Litigation contingencies during the twelve and twenty-eight weeks ended July 10, 2022 include the impact of cash proceeds received by the Company related to certain legal claims. Litigation contingencies during the twelve and twenty-eight weeks ended July 10, 2022 and July 11, 2021 include legal settlement costs accrued related to pending or threatened litigation. Other financing costs include fees related to the entry by the Company into the New Credit Agreement (as defined below) on March 4, 2022 that were not capitalized with the closing of the New Credit Facility. See Footnote 6. Borrowings . 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 related to the COVID-19 pandemic. Executive transition costs include costs associated with transitioning to a new Chief Executive Officer.

Borrowings

Borrowings	6 Months Ended
	Jul. 10, 2022
Debt Disclosure [Abstract]
Borrowings	Borrowings Borrowings as of July 10, 2022 and December 26, 2021 are summarized below (in thousands): July 10, 2022 Weighted December 26, 2021 Weighted Revolving line of credit $ — $ 57,000 Term loan 199,500 8.70 % 119,080 7.10 % Notes payable, non-current 875 875 Total borrowings 200,375 176,955 Less: unamortized debt issuance costs and discounts (1) 9,002 — Less: current portion of long-term debt 2,000 9,692 Long-term debt $ 189,373 $ 167,263 Revolving line of credit unamortized deferred financing charges (1) : $ 0.9 $ 2.0 (1) Loan origination costs associated with the Company's credit facility are included as deferred costs in Other assets, net for financing charges allocated to the Revolving line of credit, and Long-term debt for financing charges associated with the term loan in the accompanying Condensed Consolidated Balance Sheets. Credit Agreement On March 4, 2022, the Company replaced its prior amended and restated credit agreement (the "Prior Credit Agreement") with a new Credit Agreement (the "Credit Agreement") by and among the Company, Red Robin International, Inc., as the borrower, the lenders from time to time party thereto, the issuing banks from time to time party thereto, Fortress Credit Corp., as Administrative Agent and as Collateral Agent and JPMorgan Chase Bank, N.A., as Sole Lead Arranger and Sole Bookrunner. The five-year $225.0 million Credit Agreement provides for a $25.0 million revolving line of credit and a $200.0 million term loan. The borrower maintains the option to increase the Credit Agreement in the future, subject to lenders’ participation, by up to an additional $40.0 million in the aggregate on the terms and conditions set forth in the Credit Agreement. The Credit Facility will mature on March 4, 2027. No amortization is required with respect to the revolving Credit Agreement. The term loans require quarterly principal payments in an aggregate annual amount equal to 1.00% of the original principal amount of the term loan. The Credit Agreement's interest rate references SOFR, a new index calculated by short-term repurchase agreements and backed by U.S. Treasury securities, or the Alternate Base Rate ("ABR"), which represents the highest of (a) the Prime Rate, (b) the Federal Funds Rate plus 0.50% per annum, or (c) one-month term SOFR plus 1.00% per annum. Red Robin International, Inc. is the borrower under the Credit Agreement, and certain of its subsidiaries and the Company are guarantors of borrower’s obligations under the Credit Agreement. Borrowings under the Credit Agreement are secured by substantially all of the assets of the borrower and the guarantors, including the Company, and are available to: (i) refinance certain existing indebtedness of the borrower and its subsidiaries, (ii) pay any fees and expenses in connection with the Credit Agreement, and (iii) provide for the working capital and general corporate requirements of the Company, the borrower and its subsidiaries, including permitted acquisitions and capital expenditures, but excluding restricted payments. On March 4, 2022, Red Robin International, Inc., the Company, and the guarantors also entered into a Pledge and Security Agreement (the “Security Agreement”) granting to the Administrative Agent a first priority security interest in substantially all of the assets of the borrower and the guarantors to secure the obligations under the Credit Agreement. This new Security Agreement replaces the existing security agreement, dated January 10, 2020, which was entered into in connection with the Prior Credit Agreement. Red Robin International, Inc. as the borrower is obligated to pay customary fees to the agents, lenders and issuing banks under the Credit Agreement with respect to providing, maintaining, or administering, as applicable, the credit facilities. In connection with entry into the new Credit Agreement, the Company’s Prior Credit Agreement was terminated. In connection with such termination and new borrowings under the new Credit Agreement, the Company paid off all outstanding borrowings, accrued interest, and fees under the Prior Credit Agreement. The summary descriptions of the Credit Agreement and the Security Agreement do not purport to be complete and are qualified in their entirety by reference to the full text of the Credit Agreement and the Security Agreement, respectively. During the first quarter of 2022, the Company expensed approximately $1.7 million of deferred financing charges related to the extinguishment of the Prior Credit Agreement on March 4, 2022. These charges were recorded to interest expense, net and other on the Condensed Consolidated Statements of Operations and Comprehensive Loss for the twenty-eight weeks ended July 10, 2022. In association with the issuance of the new Credit Agreement, the Company recognized $4.8 million of deferred financing charges, and $6.1 million of original issuance discount.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jul. 10, 2022
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 Company maintains a rabbi trust to fund obligations under a deferred compensation plan. Amounts in the rabbi trust are invested in mutual funds, which are designated as trading securities and carried at fair value and are included in Other assets, net in the accompanying consolidated balance sheets. Fair market value of mutual funds is measured using level 1 inputs (quoted prices for identical assets in active markets). 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 July 10, 2022 and December 26, 2021 (in thousands): July 10, 2022 Level 1 Level 2 Level 3 Assets: Investments in rabbi trust $ 4,261 $ 4,261 $ — $ — Total assets measured at fair value $ 4,261 $ 4,261 $ — $ — December 26, 2021 Level 1 Level 2 Level 3 Assets: Investments in rabbi trust $ 6,276 $ 6,276 $ — $ — Total assets measured at fair value $ 6,276 $ 6,276 $ — $ — 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, 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 using continuing and projected future cash flows, which were based on significant inputs not observable in the market and thus represented a level 3 fair value measurement. See Note 5, Other Charges, net . We impaired long-lived restaurant assets with a carrying value (including right of use lease assets) of $18.5 million and $21.6 million, recognizing an impairment expense of $8.7 million and $10.9 million during the twelve and twenty-eight weeks ended July 10, 2022, respectively, related to the net book value of these long-lived restaurant assets. We determined the fair value of these long-lived assets to be $9.8 million and $10.7 million in the twelve and twenty-eight weeks ended July 10, 2022, respectively. The impairment was recorded as a result of quantitative impairment analyses. 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. As of July 10, 2022, the fair value of the credit facility was approximately $195.1 million and the principal amount carrying value was $199.5 million. The credit facility term loan is reported net of $9.0 million in unamortized discount and debt issuance costs in the Condensed Consolidated Balance Sheet as of July 10, 2022. The carrying value approximated the fair value of the credit facility as of December 26, 2021, as the interest rate on the instrument approximated current market rates. The interest rate on the credit facility represents a level 2 fair value input.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jul. 10, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Because litigation is inherently unpredictable, assessing contingencies related to litigation is a complex process involving highly subjective judgment about potential outcomes of future events. When evaluating litigation contingencies, we may be unable to provide a meaningful estimate due to a number of factors, including the procedural status of the matter in question, the availability of appellate remedies, insurance coverage related to the claim or claims in question, the presence of complex or novel legal theories, and the ongoing discovery and development of information important to the matter. In addition, damage amounts claimed in litigation against us may be unsupported, exaggerated, or unrelated to possible outcomes, and as such are not meaningful indicators of our potential liability or financial exposure. Accordingly, we review the adequacy of accruals and disclosures 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. However, the ultimate resolution of litigated claims may differ from our current estimates. 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 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. As of July 10, 2022, we had a balance of $4.4 million for loss contingencies included within Accrued liabilities and other on our Condensed Consolidated Balance Sheet. We ultimately may be subject to greater or less than the accrued amount. As of July 10, 2022, we had non-cancellable purchase commitments to certain vendors who provide food and beverages and other supplies to our restaurants, for an aggregate of $135.4 million. We expect to fulfill our commitments under these agreements in the normal course of business, and as such, no liability has been recorded.

Basis of Presentation and Rec_2

Basis of Presentation and Recent Accounting Pronouncements (Policies)	6 Months Ended
	Jul. 10, 2022
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 26, 2021 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 26, 2021 filed with the SEC on March 10, 2022. Our current, prior, and upcoming 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 2022 April 17, 2022 16 First Quarter 2021 April 18, 2021 16 Second Quarter 2022 July 10, 2022 12 Second Quarter 2021 July 11, 2021 12 Current and Prior Fiscal Years: Fiscal Year 2022 December 25, 2022 52 Fiscal Year 2021 December 26, 2021 52 Upcoming fiscal year: Fiscal Year 2023 December 31, 2023 53
Reclassifications	Reclassifications Certain amounts presented have been reclassified within the July 11, 2021 Condensed Consolidated Statement of Cash Flows to conform with the current period presentation, including prior year reclassifications from Lease assets, net of liabilities to Other operating assets and liabilities. The reclassifications had no effect on the Company’s cash flows from operations.

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jul. 10, 2022
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 Twenty-Eight Weeks Ended July 10, 2022 July 11, 2021 July 10, 2022 July 11, 2021 Restaurant revenue $ 288,657 $ 272,157 $ 669,269 $ 590,834 Franchise revenue 4,362 3,944 10,642 8,820 Gift card breakage (1) 280 500 8,099 2,793 Other revenue 791 374 1,630 803 Total revenues $ 294,090 $ 276,975 $ 689,640 $ 603,250 (1) During the twenty-eight weeks ended July 10, 2022, the Company re-evaluated the estimated redemption pattern related to gift cards and aligned the recognition of gift card breakage revenue to the updated estimated redemption pattern. See Footnote 1, Basis of Presentation and Recent Accounting Pronouncements.
Schedule of unearned revenue and revenue recognized that were included in liability balances at the beginning of the fiscal year	Components of Unearned revenue in the accompanying Condensed Consolidated Balance Sheets are as follows (in thousands): July 10, 2022 December 26, 2021 Unearned gift card revenue $ 25,260 $ 41,128 Deferred loyalty revenue $ 12,572 $ 13,086 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): Twenty-Eight Weeks Ended July 10, 2022 July 11, 2021 Gift card revenue $ 20,639 $ 10,945

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jul. 10, 2022
Leases [Abstract]
Schedule of Leased Assets and Liabilities	The Company's finance and operating lease assets and liabilities as of July 10, 2022 and December 26, 2021 were as follows (in thousands): July 10, 2022 Finance (1) Operating (2) Lease assets, net (3) $ 7,494 $ 383,500 Current portion of lease obligations 1,029 48,080 Long-term portion of lease obligations 8,873 413,278 Total $ 9,902 $ 461,358 December 26, 2021 Finance (1) Operating (2) Lease assets, net (3) $ 9,664 $ 400,825 Current portion of lease obligations 1,194 48,842 Long-term portion of lease obligations 10,765 435,136 Total $ 11,959 $ 483,978 (1) Finance lease assets and obligations are included in Other assets, net, Accrued liabilities and other current liabilities, and Other non-current liabilities on our July 10, 2022 and December 26, 2021 Consolidated Balance Sheets. (2) Operating lease assets and obligations are included in Operating lease assets, net, Current portion of operating lease liabilities, and Long-term portion of operating lease liabilities on our July 10, 2022 and December 26, 2021 Consolidated Balance Sheets. (3) The Lease assets, net caption includes the right of use assets associated with the Company's Finance and Operating leases, net of the associated amortization of these right of use assets.
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): Twelve Weeks Ended Twenty-Eight Weeks Ended July 10, 2022 July 11, 2021 July 10, 2022 July 11, 2021 Operating lease cost $ 16,422 $ 16,243 $ 38,111 $ 37,704 Finance lease cost: Amortization of right of use assets 238 197 580 460 Interest on lease liabilities 153 117 298 276 Total finance lease cost $ 391 $ 314 $ 878 $ 736 Variable lease cost 4,682 4,359 11,007 10,775 Total $ 21,495 $ 20,916 $ 49,996 $ 49,215
Schedule of operating lease maturities	Maturities of our lease liabilities as of July 10, 2022 were as follows (in thousands): Finance Leases Operating Leases Remainder of 2022 $ 621 $ 33,689 2023 1,387 77,092 2024 1,480 75,483 2025 1,190 71,411 2026 1,246 65,683 Thereafter 6,440 325,096 Total future lease payments $ 12,364 $ 648,454 Less imputed interest 2,462 187,096 Total lease liability $ 9,902 $ 461,358
Schedule of finance lease maturities	Maturities of our lease liabilities as of July 10, 2022 were as follows (in thousands): Finance Leases Operating Leases Remainder of 2022 $ 621 $ 33,689 2023 1,387 77,092 2024 1,480 75,483 2025 1,190 71,411 2026 1,246 65,683 Thereafter 6,440 325,096 Total future lease payments $ 12,364 $ 648,454 Less imputed interest 2,462 187,096 Total lease liability $ 9,902 $ 461,358
Supplemental cash flow related to leases	Supplemental cash flow and other information related to leases is as follows (in thousands, except other information): Twenty-Eight Weeks Ended July 10, 2022 July 11, 2021 Cash flows from operating activities Cash paid related to lease liabilities Operating leases $ 46,194 $ 47,727 Finance leases 298 276 Cash flows from financing activities Cash paid related to lease liabilities Finance leases 1,017 1,018 Cash paid for amounts included in the measurement of lease liabilities: $ 47,509 $ 49,021 Right of use assets obtained in exchange for operating lease obligations $ 7,773 $ 7,784 Right of use assets obtained in exchange for finance lease obligations $ 541 $ 751 Other information related to operating leases as follows: Weighted average remaining lease term (years) 9.39 10.01 Weighted average discount rate 7.20 % 7.01 % Other information related to finance leases as follows: Weighted average remaining lease term (years) 10.70 11.25 Weighted average discount rate 4.89 % 4.56 %

Loss Per Share (Tables)

Loss Per Share (Tables)	6 Months Ended
	Jul. 10, 2022
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 Twenty-Eight Weeks Ended July 10, 2022 July 11, 2021 July 10, 2022 July 11, 2021 Basic weighted average shares outstanding 15,830 15,665 15,783 15,617 Dilutive effect of stock options and awards — — — — Diluted weighted average shares outstanding 15,830 15,665 15,783 15,617 Awards excluded due to anti-dilutive effect on diluted loss per share 983 241 806 308

Other Charges (Gains) (Tables)

Other Charges (Gains) (Tables)	6 Months Ended
	Jul. 10, 2022
Other Income and Expenses [Abstract]
Summary of Other Charges (Gains)	Other charges, net consisted of the following (in thousands): Twelve Weeks Ended Twenty-Eight Weeks Ended July 10, 2022 July 11, 2021 July 10, 2022 July 11, 2021 Asset Impairment $ 8,739 $ 115 $ 10,861 $ 1,357 Litigation contingencies (1,806) 85 (86) 1,170 Restaurant closure and refranchising costs 930 1,752 1,879 4,199 Other financing costs 61 — 370 — COVID-19 related charges 93 244 300 813 Executive transition 129 — 129 — Board and stockholder matter costs — — — 128 Other charges, net $ 8,146 $ 2,196 $ 13,453 $ 7,667

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jul. 10, 2022
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Borrowings as of July 10, 2022 and December 26, 2021 are summarized below (in thousands): July 10, 2022 Weighted December 26, 2021 Weighted Revolving line of credit $ — $ 57,000 Term loan 199,500 8.70 % 119,080 7.10 % Notes payable, non-current 875 875 Total borrowings 200,375 176,955 Less: unamortized debt issuance costs and discounts (1) 9,002 — Less: current portion of long-term debt 2,000 9,692 Long-term debt $ 189,373 $ 167,263 Revolving line of credit unamortized deferred financing charges (1) : $ 0.9 $ 2.0

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jul. 10, 2022
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 July 10, 2022 and December 26, 2021 (in thousands): July 10, 2022 Level 1 Level 2 Level 3 Assets: Investments in rabbi trust $ 4,261 $ 4,261 $ — $ — Total assets measured at fair value $ 4,261 $ 4,261 $ — $ — December 26, 2021 Level 1 Level 2 Level 3 Assets: Investments in rabbi trust $ 6,276 $ 6,276 $ — $ — Total assets measured at fair value $ 6,276 $ 6,276 $ — $ —

Basis of Presentation and Rec_3

Basis of Presentation and Recent Accounting Pronouncements - Additional Information (Details) $ / shares in Units, $ in Thousands	3 Months Ended		4 Months Ended		6 Months Ended
	Jul. 10, 2022 USD ($) restaurant state $ / shares	Jul. 11, 2021 USD ($) $ / shares	Apr. 17, 2022 USD ($)	Apr. 18, 2021 USD ($)	Jul. 10, 2022 USD ($) restaurant state province segment $ / shares	Jul. 11, 2021 USD ($) $ / shares
Number of operating segments | segment					1
Number of reportable segments | segment					1
Gift card breakage					$ 8,099	$ 2,793
Net loss	$ (17,932)	$ (4,996)	$ (3,105)	$ (8,713)	$ (21,037)	$ (13,709)
Basic (in dollars per share) | $ / shares	$ (1.13)	$ (0.32)			$ (1.33)	$ (0.88)
Gift card breakage
Gift card breakage					$ 5,900
Commission costs					600
Net loss					$ 5,200
Basic (in dollars per share) | $ / shares					$ 0.33
Entity Operated Units
Number of restaurants | restaurant	426				426
Number of states in which restaurants are located | state	38				38
Franchised Units
Number of restaurants | restaurant	102				102
Number of states in which restaurants are located | state	16				16
Number of Canadian provinces in which restaurants are located | province					1

Revenue - Schedule of Revenue D

Revenue - Schedule of Revenue Disaggregation by Product Type (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 10, 2022	Jul. 11, 2021	Jul. 10, 2022	Jul. 11, 2021
Disaggregation of Revenue [Line Items]
Total revenues	$ 294,090	$ 276,975	$ 689,640	$ 603,250
Restaurant revenue
Disaggregation of Revenue [Line Items]
Total revenues	288,657	272,157	669,269	590,834
Franchise revenue
Disaggregation of Revenue [Line Items]
Total revenues	4,362	3,944	10,642	8,820
Gift card breakage
Disaggregation of Revenue [Line Items]
Total revenues	280	500	8,099	2,793
Other revenue
Disaggregation of Revenue [Line Items]
Total revenues	$ 791	$ 374	$ 1,630	$ 803

Revenue - Contract Liabilities

Revenue - Contract Liabilities (Details) - USD ($) $ in Thousands	Jul. 10, 2022	Dec. 26, 2021
Disaggregation of Revenue [Line Items]
Unearned revenue	$ 37,832	$ 54,214
Gift card revenue
Disaggregation of Revenue [Line Items]
Unearned revenue	25,260	41,128
Deferred loyalty revenue
Disaggregation of Revenue [Line Items]
Unearned revenue	$ 12,572	$ 13,086

Revenue - Schedule of Revenue R

Revenue - Schedule of Revenue Recognized Included in Liability Balances at Beginning of Fiscal Year (Details) - USD ($) $ in Thousands	6 Months Ended
	Jul. 10, 2022	Jul. 11, 2021
Gift card revenue
Disaggregation of Revenue [Line Items]
Gift card revenue	$ 20,639	$ 10,945

Leases - Additional Balance She

Leases - Additional Balance Sheet information (Details) - USD ($) $ in Thousands	Jul. 10, 2022	Dec. 26, 2021
Finance
Operating lease assets, net	$ 7,494	$ 9,664
Finance Lease Liabilities
Current portion of operating lease obligations	1,029	1,194
Long-term portion of operating lease obligations	8,873	10,765
Total	9,902	11,959
Operating
Operating lease assets, net	383,500	400,825
Operating Lease Liabilities
Current portion of operating lease obligations	48,080	48,842
Long-term portion of operating lease obligations	413,278	435,136
Total	$ 461,358	$ 483,978

Leases - Lease Cost (Details)

Leases - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 10, 2022	Jul. 11, 2021	Jul. 10, 2022	Jul. 11, 2021
Leases [Abstract]
Operating lease cost	$ 16,422	$ 16,243	$ 38,111	$ 37,704
Finance lease cost:
Amortization of right of use assets	238	197	580	460
Interest on lease liabilities	153	117	298	276
Total finance lease cost	391	314	878	736
Variable lease cost	4,682	4,359	11,007	10,775
Total	$ 21,495	$ 20,916	$ 49,996	$ 49,215

Leases - Schedules of Lease Mat

Leases - Schedules of Lease Maturities (Details) - USD ($) $ in Thousands	Jul. 10, 2022	Dec. 26, 2021
Finance Leases
Remainder of 2022	$ 621
2023	1,387
2024	1,480
2025	1,190
2026	1,246
Thereafter	6,440
Total future lease payments	12,364
Less imputed interest	2,462
Total lease liability	9,902	$ 11,959
Operating Leases
Remainder of 2022	33,689
2023	77,092
2024	75,483
2025	71,411
2026	65,683
Thereafter	325,096
Total future lease payments	648,454
Less imputed interest	187,096
Total lease liability	$ 461,358	$ 483,978

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands		6 Months Ended
	Jun. 08, 2022	Jul. 10, 2022	Jul. 11, 2021
Cash flows from operating activities
Operating leases		$ 46,194	$ 47,727
Finance leases		298	276
Cash flows from financing activities
Finance leases		1,017	1,018
Cash paid for amounts included in the measurement of lease liabilities:		47,509	49,021
Right of use assets obtained in exchange for operating lease obligations		7,773	7,784
Right of use assets obtained in exchange for finance lease obligations		$ 541	$ 751
Other information related to operating leases as follows:
Weighted average remaining lease term (years)		9 years 4 months 20 days	10 years 3 days
Weighted average discount rate		7.20%	7.01%
Other information related to finance leases as follows:
Weighted average remaining lease term (years)		10 years 8 months 12 days	11 years 3 months
Weighted average discount rate		4.89%	4.56%
Proceeds related to real estate sale	$ 3,900	$ 3,856	$ 0

Loss Per Share - Summary of Los

Loss Per Share - Summary of Loss Per Share (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jul. 10, 2022	Jul. 11, 2021	Jul. 10, 2022	Jul. 11, 2021
Loss Per Share Reconciliation [Abstract]
Basic weighted average shares outstanding (in shares)	15,830	15,665	15,783	15,617
Dilutive effect of stock options and awards (in shares)	0	0	0	0
Diluted weighted average shares outstanding (in shares)	15,830	15,665	15,783	15,617
Awards excluded due to anti-dilutive effect on diluted earnings per share (in shares)	983	241	806	308

Other Charges - Summary of Othe

Other Charges - Summary of Other Charges (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 10, 2022	Jul. 11, 2021	Jul. 10, 2022	Jul. 11, 2021
Other Income and Expenses [Abstract]
Asset Impairment	$ 8,739	$ 115	$ 10,861	$ 1,357
Litigation contingencies	(1,806)	85	(86)	1,170
Restaurant closure and refranchising costs	930	1,752	1,879	4,199
Other financing costs	61	0	370	0
COVID-19 related charges	93	244	300	813
Executive transition	129	0	129	0
Board and stockholder matter costs	0	0	0	128
Other charges, net	$ 8,146	$ 2,196	$ 13,453	$ 7,667

Other Charges - Additional Info

Other Charges - Additional Information (Details) - restaurant	3 Months Ended	6 Months Ended
	Jul. 10, 2022	Jul. 10, 2022	Jul. 11, 2021
Other Income and Expenses [Abstract]
Number of restaurants impaired	6	9	1

Borrowings - Schedule of Long-T

Borrowings - Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands	Jul. 10, 2022	Dec. 26, 2021
Debt Disclosure [Abstract]
Revolving line of credit	$ 0	$ 57,000
Term loan	199,500	119,080
Notes payable, non-current	875	875
Total borrowings	200,375	176,955
Less: unamortized debt issuance costs and discounts	9,002	0
Less: current portion of long-term debt	2,000	9,692
Long-term debt	189,373	167,263
Revolving line of credit unamortized deferred financing charges	$ 900	$ 2,000
Weighted Average Interest Rate	8.70%	7.10%

Borrowings - Additional Informa

Borrowings - Additional Information (Details) - USD ($)	4 Months Ended
	Apr. 17, 2022	Mar. 04, 2022
Debt Disclosure [Abstract]
Write off of deferred debt issuance cost	$ 1,700,000
Deferred financing charges		$ 4,800,000
Original issuance discount		6,100,000
Line of Credit Facility, Accordion Feature, Increase to Maximum Borrowing Capacity		$ 40,000,000
Fed Funds Effective Rate Overnight Index Swap Rate
Debt Disclosure [Abstract]
Principal repayment rate		0.50%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Disclosure [Abstract]
Principal repayment rate		1%
Credit Agreement Dated March 4 2022
Debt Disclosure [Abstract]
Debt term		5 years
Maximum borrowing capacity		$ 225,000,000
Quarterly principal percentage		1%
Revolving credit facility | Credit Agreement Dated March 4 2022
Debt Disclosure [Abstract]
Maximum borrowing capacity		$ 25,000,000
Term Loan | Credit Agreement Dated March 4 2022
Debt Disclosure [Abstract]
Maximum borrowing capacity		$ 200,000,000

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Assets at Fair Value on a Recurring Basis (Details) - Recurring - USD ($) $ in Thousands	Jul. 10, 2022	Dec. 26, 2021
Assets:
Investments in rabbi trust	$ 4,261	$ 6,276
Total assets measured at fair value	4,261	6,276
Level 1
Assets:
Investments in rabbi trust	4,261	6,276
Total assets measured at fair value	4,261	6,276
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) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 10, 2022	Jul. 11, 2021	Jul. 10, 2022	Jul. 11, 2021	Dec. 26, 2021
Fair Value Disclosures [Abstract]
Restaurant assets	$ 18,500		$ 21,600
Asset impairment charges	8,739	$ 115	10,861	$ 1,357
Impaired restaurant assets	9,800		10,700
Fair value of credit facility	195,100		195,100
Carrying value	199,500		199,500
Less: unamortized debt issuance costs and discounts	$ 9,002		$ 9,002		$ 0

Commitment and Contingencies (D

Commitment and Contingencies (Details) $ in Millions	Jul. 10, 2022 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Estimated litigation liability	$ (4.4)
Purchase obligation	$ 135.4