Kona Grill (KONA) 10-Q 2 May 14 2014 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 31, 2014	Apr. 30, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'KONA GRILL INC	'
Document Type	'10-Q	'
Current Fiscal Year End Date	'--12-31	'
Entity Common Stock, Shares Outstanding	'	8,614,417
Amendment Flag	'false	'
Entity Central Index Key	'0001265572	'
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Well-known Seasoned Issuer	'No	'
Document Period End Date	31-Mar-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$4,945	$5,881
Short-term investments	178	177
Receivables	98	845
Other current assets	1,331	1,499
Total current assets	6,552	8,402
Other assets	1,124	1,114
Property and equipment, net	41,428	40,352
Total assets	49,104	49,868
Current liabilities:	'	'
Accounts payable	1,916	2,726
Accrued expenses	7,434	8,652
Current portion of debt obligations	'	3,500
Total current liabilities	9,350	14,878
Debt obligations	3,500	'
Deferred rent	13,400	12,632
Total liabilities	26,250	27,510
Commitments and contingencies (Note 10)	'	'
Stockholders’ equity:	'	'
Preferred stock, $0.01 par value, 2,000,000 shares authorized, none issued	0	0
Common stock, $0.01 par value, 15,000,000 shares authorized, 8,730,617 shares issued and 8,614,417 shares outstanding at March 31, 2014; 8,718,922 shares issued and 8,602,722 shares outstanding at December 31, 2013	87	87
Additional paid-in capital	54,328	54,083
Accumulated deficit	-30,561	-30,812
Treasury stock, at cost, 116,200 shares at March 31, 2014 and December 31, 2013	-1,000	-1,000
Total stockholders’ equity	22,854	22,358
Total liabilities and stockholders’ equity	$49,104	$49,868

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Preferred stock, par value (in Dollars per share)	$0.01	$0.01
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares issued	0	0
Common stock, par value (in Dollars per share)	$0.01	$0.01
Common stock, shares authorized	15,000,000	15,000,000
Common stock, shares issued	8,730,617	8,718,922
Common stock, shares outstanding	8,614,417	8,602,722
Treasury stock, shares	116,200	116,200

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Comprehensive Income (Unaudited) (USD $)	3 Months Ended
Share data in Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Restaurant sales	$27,616,000	$23,496,000
Costs and expenses:	'	'
Cost of sales	7,510,000	6,453,000
Labor	9,426,000	7,866,000
Occupancy	1,843,000	1,615,000
Restaurant operating expenses	3,848,000	3,171,000
General and administrative	2,576,000	1,875,000
Preopening expense	390,000	'
Depreciation and amortization	1,687,000	1,429,000
Total costs and expenses	27,280,000	22,409,000
Income from operations	336,000	1,087,000
Interest expense, net	-60,000	-3,000
Income before income taxes	276,000	1,084,000
Provision for income taxes	25,000	80,000
Net income	251,000	1,004,000
Net income per share:	'	'
Basic (in Dollars per share)	$0.03	$0.12
Diluted (in Dollars per share)	$0.03	$0.12
Weighted average shares used in computation:	'	'
Basic (in Shares)	8,609	8,543
Diluted (in Shares)	8,882	8,643
Comprehensive income	251,000	1,004,000
Continuing Operations [Member]	'	'
Costs and expenses:	'	'
Depreciation and amortization	$1,687,000	$1,429,000

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Operating activities	'	'
Net income	$251,000	$1,004,000
Depreciation and amortization	1,687,000	1,429,000
Stock-based compensation	201,000	143,000
Amortization of deferred financing costs	26,000	4,000
Change in operating assets and liabilities:	'	'
Receivables	747,000	14,000
Other current assets	167,000	-62,000
Accounts payable	-243,000	-83,000
Accrued expenses	150,000	-1,085,000
Deferred rent	768,000	-508,000
Net cash provided by operating activities	3,754,000	856,000
Investing activities	'	'
Purchase of property and equipment	-4,697,000	-387,000
Change in other assets	-37,000	-6,000
Net cash used in investing activities	-4,734,000	-393,000
Financing activities	'	'
Debt repayments	'	-41,000
Proceeds from issuance of common stock under the Employee Stock Purchase Plan and exercise of stock options	44,000	110,000
Purchase and retirement of common stock	0	-203,000
Net cash provided by (used in) financing activities	44,000	-134,000
Net (decrease) increase in cash and cash equivalents	-936,000	329,000
Cash and cash equivalents at the beginning of the period	5,881,000	7,989,000
Cash and cash equivalents at the end of the period	4,945,000	8,318,000
Supplemental disclosure of cash flow information	'	'
Cash paid for interest, net of capitalized interest	14,000	5,000
Cash paid for income taxes, net of refunds	43,000	28,000
Noncash investing activities	'	'
Accounts payable and accruals related to property and equipment	$1,178,000	$165,000

Note_1_Basis_of_Presentation

Note 1 - Basis of Presentation	3 Months Ended
	Mar. 31, 2014
Disclosure Text Block [Abstract]	'
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	'
	1.     Basis of Presentation
	Kona Grill, Inc., including its wholly-owned subsidiaries, (referred to herein as the “Company” or “we,” “us,” and “our”) develops, owns and operates upscale casual dining restaurants under the name “Kona Grill.” Our restaurants feature a diverse selection of American favorites and award-winning sushi that are prepared fresh daily. We own and operate 26 restaurants in 17 states throughout the United States.
	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information and with the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). Accordingly, they do not include all of the information and notes required by U.S. generally accepted accounting principles for complete financial statements. In our opinion, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three months ended March 31, 2014 are not necessarily indicative of the results that may be expected for the year ending December 31, 2014.
	The consolidated balance sheet at December 31, 2013 has been derived from the audited consolidated financial statements at that date, but does not include all of the information and notes required by U.S. generally accepted accounting principles for complete financial statements. Accordingly, these financial statements should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2013.
	The Company has evaluated subsequent events and transactions for potential recognition or disclosure in the financial statements through the day the financial statements are issued.

Note_2_Fair_Value_Measurements

Note 2 - Fair Value Measurements	3 Months Ended
	Mar. 31, 2014
Fair Value Disclosures [Abstract]	'
Fair Value Disclosures [Text Block]	'
	2.     Fair Value Measurements
	Our short-term investments in certificates of deposit represent available-for-sale securities that are valued using market observable inputs.
	The following tables present information about our assets measured at fair value on a recurring basis at March 31, 2014 and December 31, 2013, and indicates the fair value hierarchy of the valuation techniques utilized to determine such fair value (in thousands):
	31-Mar-14	Level 1		Level 2		Level 3		Total
	Certificates of deposit	$	—	$	178	$	—	$	178
	31-Dec-13	Level 1		Level 2		Level 3		Total
	Certificates of deposit	$	—	$	177	$	—	$	177

Note_3_Net_Income_Per_Share

Note 3 - Net Income Per Share	3 Months Ended
	Mar. 31, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share [Text Block]	'
	3.     Net Income Per Share
	Basic net income per share is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted net income per share includes the dilutive effect of potential stock option exercises, calculated using the treasury stock method.
	The following table sets forth the computation of basic and diluted net income per share:
		Three Months Ended
		March 31,
		2014		2013
	(In thousands, except per share data)
	Numerator:
	Net income	$	251	$	1,004
	Denominator:
	Weighted average shares — Basic		8,609		8,543
	Effect of dilutive stock options		273		100
	Weighted average shares — Diluted		8,882		8,643
	Net income per share:
	Basic	$	0.03	$	0.12
	Diluted	$	0.03	$	0.12
	For the three months ended March 31, 2014 and 2013, there were 296,000 and 374,000 stock options outstanding, respectively, that were not included in the dilutive earnings per share calculation because the effect would have been anti-dilutive.

Note_4_Property_and_Equipment

Note 4 - Property and Equipment	3 Months Ended
	Mar. 31, 2014
Property, Plant and Equipment [Abstract]	'
Property, Plant and Equipment Disclosure [Text Block]	'
	4.     Property and Equipment
	Property and equipment consisted of the following (in thousands):
		March 31,			December 31,
		2014			2013
	Leasehold improvements	$	59,599		$	55,810
	Equipment		16,651			15,808
	Furniture and fixtures		5,236			4,768
			81,486			76,386
	Less accumulated depreciation and amortization		(42,011	)		(40,324	)
			39,475			36,062
	Construction in progress		1,953			4,290
	Total property and equipment, net	$	41,428		$	40,352

Note_5_Accrued_Expenses

Note 5 - Accrued Expenses	3 Months Ended
	Mar. 31, 2014
Payables and Accruals [Abstract]	'
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	'
	5.     Accrued Expenses
	Accrued expenses consisted of the following (in thousands):
		March 31,		December 31,
		2014		2013
	Accrued payroll and related liabilities	$	2,816	$	2,557
	Accrued construction and remodel costs(1)		907		2,275
	Gift card liability		1,289		1,586
	Accrued taxes		1,370		1,235
	Occupancy related expenses		183		264
	Other		869		735
		$	7,434	$	8,652
	(1)     Balance is attributable to property additions for our new restaurants and remodels.

Note_6_Debt_and_Credit_Agreeme

Note 6 - Debt and Credit Agreements	3 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Debt Disclosure [Text Block]	'
	6.     Debt and Credit Agreements
	On April 19, 2013, we entered into a Credit Agreement for a $20 million revolving line of credit (the “Credit Facility”) with KeyBank National Association (“KeyBank”) and Stearns Bank National Association (“Stearns Bank” collectively with Key Bank, the “Lenders”). The Credit Facility replaced the prior $6.5 million credit line with Stearns Bank (the “Credit Line”). The Credit Facility is secured by our personal property and assets. Certain of our wholly owned subsidiaries have also guaranteed the Credit Facility.
	The Credit Facility matures on April 19, 2017, with an option to extend the maturity date for one year subject to the Lenders’ consent. The interest rate on the Credit Facility is calculated at KeyBank’s prime rate or LIBOR, at our option, plus an applicable margin depending on our leverage ratio. The LIBOR margins range from 3.0% to 3.5% and the base rate margins range from 2.0% to 2.5%. Payments on the Credit Facility are interest only, payable quarterly with respect to each base rate loan and at varying times with respect to LIBOR rate loans, with outstanding principal and interest due at maturity. Prepayment is permitted at any time without penalty, subject to certain restrictions on the order of repayment or prepayment. We are obligated to pay a commitment fee, payable quarterly in arrears at an annual rate of 0.375% or 0.50% times the unused total revolving commitment of the Credit Facility, based on the average daily amount outstanding under the Credit Facility for the previous quarter. We recognized commitment fees of $21,000 in interest expense during the first quarter of 2014.
	During the fourth quarter of 2013, we borrowed $3.5 million against the Credit Facility at the one-month LIBOR rate and we renewed the borrowings each month during the first quarter of 2014. The $3.5 million in borrowings was outstanding at March 31, 2014 and the average borrowing rate for the quarter was approximately 3.41%, including the LIBOR margin.
	The Credit Facility also requires us to comply with certain covenants, including (a) a minimum fixed charge coverage ratio of 1.25 through March 31, 2015 and 1.50 from April 1, 2015 through the maturity date, and (b) a maximum leverage ratio of 4:1. As of December 31, 2013, there was a technical event of default related to the matter described in Note 10 and accordingly, all borrowings under the Credit Facility were classified as a current liability as of December 31, 2013. The default judgment was subsequently set aside on April 7, 2014, and we were in compliance with all covenants at March 31, 2014. Therefore, all borrowings under the Credit Facility were classified as long-term liabilities as of March 31, 2014.
	Prior to closing on the Credit Facility, we had loan agreements with Stearns Bank for a $0.5 million Term Loan and a $6.5 million Credit Line. We did not have any borrowings under the Stearns Bank Credit Line prior to its termination in April 2013. We utilized existing cash to pay off the outstanding balance on the Stearns Bank Term Loan on April 19, 2013 and wrote off $66,000 in deferred financing costs related to the prior loan agreements during the second quarter of 2013.
	Fees incurred for the KeyBank Credit Facility totaled $356,000. Unamortized fees of $322,000 at March 31, 2014 are amortized over the life of the Credit Facility and included in other assets in the consolidated balance sheet. Loan fee amortization during the first quarter of 2014 and 2013 was $26,000 and $4,000, respectively.

Note_7_Income_Taxes

Note 7 - Income Taxes	3 Months Ended
	Mar. 31, 2014
Income Tax Disclosure [Abstract]	'
Income Tax Disclosure [Text Block]	'
	7.     Income Taxes
	During the three months ended March 31, 2014 and 2013, we recorded a provision for income taxes of $25,000 and $80,000, respectively. The income tax provision for the three months ended March 31, 2014 and 2013 consists of certain federal and state tax expenses for which no federal or state net operating losses or other credits exist.
	At March 31, 2014, we had deferred tax assets primarily related to state net operating loss carryforwards and FICA tip credit carryforwards. We have a full valuation allowance for these carryforwards due to the uncertainty surrounding their future utilization. The realization of our deferred tax assets ultimately depends on the existence of sufficient taxable income in the appropriate taxing jurisdictions in future periods. We have analyzed, and will continue to analyze, the positive and negative evidence to support our conclusion regarding the appropriate amount of our valuation allowance. The valuation allowance could be reduced in a subsequent period if there is sufficient evidence to support a conclusion that it is more likely than not that the state net operating loss carryforwards and/or the FICA tip credit carryforwards will be realized. Future changes in our valuation allowance could have a material effect on our results of operations in the period recorded.

Note_8_StockBased_Compensation

Note 8 - Stock-Based Compensation	3 Months Ended
	Mar. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	'
	8.     Stock-Based Compensation
	The fair value of stock options granted during the three months ended March 31, 2014 and 2013 was estimated at the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions:
		Three Months Ended March 31,
		2014			2013
	Expected volatility		36.9	%		38.9	%
	Risk-free interest rate		0.7	%		0.6	%
	Expected option life (in years)		2.9			3.4
	Dividend yield		0	%		0	%
	Weighted average fair value per option granted	$	4.13		$	2.49
	The following table summarizes our stock option activity for the three months ended March 31, 2014:
		Options			Weighted			Weighted Average		Aggregate Intrinsic Value
					Average Exercise Price			Remaining Contractual Term
								(in years)
	Outstanding options at December 31, 2013		783,297		$	6.94
	Granted		295,900			16.12
	Forfeited		(1,500	)		13.25
	Exercised		(11,322	)		3.28
	Outstanding options at March 31, 2014		1,066,375		$	9.51			3.5	$	11,577,000
	Exercisable at March 31, 2014		422,788		$	6.47			2.8	$	5,876,000
	We recognized stock-based compensation expense of $201,000 and $143,000 during the three months ended March 31, 2014 and 2013, respectively. As of March 31, 2014, there was $1,776,000 of unrecognized stock-based compensation expense related to unvested stock-based compensation awards, which is expected to be recognized over a weighted average period of 2.7 years.
	The total shares of common stock reserved for issuance totaled 2,200,000, of which 287,525 shares were available for grant as of March 31, 2014.

Note_9_Stock_Purchase_and_Reti

Note 9 - Stock Purchase and Retirement Program	3 Months Ended
	Mar. 31, 2014
Stockholders' Equity Note [Abstract]	'
Stockholders' Equity Note Disclosure [Text Block]	'
	9.     Stock Purchase and Retirement Program
	In May 2012, our Board of Directors authorized a stock repurchase and retirement program of up to $5,000,000 of our outstanding common stock. The authorization of the program does not have an expiration date and it does not require us to purchase a specific dollar amount of shares. This authorization may be modified, suspended or terminated at any time. The timing and number of shares purchased pursuant to the share purchase authorization are subject to a number of factors, including current market conditions, legal constraints and available cash.
	As of March 31, 2014, we have spent $3.2 million to purchase and retire 387,109 shares under the 2012 authorization. We did not repurchase any shares during the first quarter of 2014 and purchased $203,000 of stock during the first quarter of 2013.

Note_10_Commitments_and_Contin

Note 10 - Commitments and Contingencies	3 Months Ended
	Mar. 31, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies Disclosure [Text Block]	'
	10.    Commitments and Contingencies
	We are engaged in various legal actions, which arise in the ordinary course of our business. Although there can be no assurance as to the ultimate disposition of these matters, it is the opinion of our management, based upon the information available at this time, that the expected outcome of these matters, individually or in the aggregate, will not have a material adverse effect on the results of operations or financial condition of the company.
	On February 10, 2014, Kona Grill Macadamia, Inc., a wholly-owned subsidiary of the Company (“Macadamia”), filed a Motion to Set Aside Default Judgment in the Circuit Court of Jackson County, Kansas City Missouri relating to a default judgment of approximately $3.5 million entered into on December 18, 2013 against Macadamia. The underlying personal injury claim, Frank Neal Goss v. Kona Macadamia, Inc. and Anthony Deangelo, revolves around a fight that two alleged restaurant patrons had outside of the Company’s Kansas City restaurant on March 1, 2011, which is claimed to have resulted in physical injury to the plaintiff.
	Following the hearing held on April 3, 2014, the Circuit Court issued a written order on April 7, 2014 granting Macadamia’s Motion to Set Aside Default Judgment. The underlying personal injury case is proceeding in the Circuit Court, and on April 16, 2014, Macadamia filed its answer to the plaintiff’s complaint. We believe that we have a strong defense to the claim asserted by the plaintiff and insurance coverage for the claim.

Note_2_Fair_Value_Measurements1

Note 2 - Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2014
Fair Value Disclosures [Abstract]	'
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	'
	31-Mar-14	Level 1		Level 2		Level 3		Total
	Certificates of deposit	$	—	$	178	$	—	$	178
	31-Dec-13	Level 1		Level 2		Level 3		Total
	Certificates of deposit	$	—	$	177	$	—	$	177

Note_3_Net_Income_Per_Share_Ta

Note 3 - Net Income Per Share (Tables)	3 Months Ended
	Mar. 31, 2014
Earnings Per Share [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	'
		Three Months Ended
		March 31,
		2014		2013
	(In thousands, except per share data)
	Numerator:
	Net income	$	251	$	1,004
	Denominator:
	Weighted average shares — Basic		8,609		8,543
	Effect of dilutive stock options		273		100
	Weighted average shares — Diluted		8,882		8,643
	Net income per share:
	Basic	$	0.03	$	0.12
	Diluted	$	0.03	$	0.12

Note_5_Accrued_Expenses_Tables

Note 5 - Accrued Expenses (Tables)	3 Months Ended
	Mar. 31, 2014
Payables and Accruals [Abstract]	'
Schedule of Accrued Liabilities [Table Text Block]	'
		March 31,		December 31,
		2014		2013
	Accrued payroll and related liabilities	$	2,816	$	2,557
	Accrued construction and remodel costs(1)		907		2,275
	Gift card liability		1,289		1,586
	Accrued taxes		1,370		1,235
	Occupancy related expenses		183		264
	Other		869		735
		$	7,434	$	8,652

Note_8_StockBased_Compensation1

Note 8 - Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	'
		Three Months Ended March 31,
		2014			2013
	Expected volatility		36.9	%		38.9	%
	Risk-free interest rate		0.7	%		0.6	%
	Expected option life (in years)		2.9			3.4
	Dividend yield		0	%		0	%
	Weighted average fair value per option granted	$	4.13		$	2.49
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	'
		Options			Weighted			Weighted Average		Aggregate Intrinsic Value
					Average Exercise Price			Remaining Contractual Term
								(in years)
	Outstanding options at December 31, 2013		783,297		$	6.94
	Granted		295,900			16.12
	Forfeited		(1,500	)		13.25
	Exercised		(11,322	)		3.28
	Outstanding options at March 31, 2014		1,066,375		$	9.51			3.5	$	11,577,000
	Exercisable at March 31, 2014		422,788		$	6.47			2.8	$	5,876,000

Note_1_Basis_of_Presentation_D

Note 1 - Basis of Presentation (Details)	Mar. 31, 2014
Disclosure Text Block [Abstract]	'
Number of Restaurants	26
Number of States in which Entity Operates	17

Note_2_Fair_Value_Measurements2

Note 2 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Recurring Basis (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Note 2 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]	'	'
Certificates of deposit	$178	$177
Fair Value, Inputs, Level 2 [Member]	'	'
Note 2 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]	'	'
Certificates of deposit	$178	$177

Note_3_Net_Income_Per_Share_De

Note 3 - Net Income Per Share (Details)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Earnings Per Share [Abstract]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	296,000	374,000

Note_3_Net_Income_Per_Share_De1

Note 3 - Net Income Per Share (Details) - Basic and Diluted Net Income Per Share (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Numerator:	'	'
Net income (in Dollars)	$251	$1,004
Denominator:	'	'
Weighted average shares — Basic	8,609	8,543
Effect of dilutive stock options	273	100
Weighted average shares — Diluted	8,882	8,643
Net income per share:	'	'
Basic (in Dollars per share)	$0.03	$0.12
Diluted (in Dollars per share)	$0.03	$0.12

Note_4_Property_and_Equipment_

Note 4 - Property and Equipment (Details) - Property and Equipment (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Property, Plant and Equipment [Line Items]	'	'
Property and equipment	$81,486	$76,386
Less accumulated depreciation and amortization	-42,011	-40,324
Property and equipment, net	41,428	40,352
Leasehold Improvements [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Property and equipment	59,599	55,810
Equipment [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Property and equipment	16,651	15,808
Furniture and Fixtures [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Property and equipment	5,236	4,768
Excluding Construction in Progress [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Property and equipment, net	39,475	36,062
Construction in Progress [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Property and equipment	$1,953	$4,290

Note_5_Accrued_Expenses_Detail

Note 5 - Accrued Expenses (Details) - Accrued Expenses (USD $)	Mar. 31, 2014		Dec. 31, 2013
In Thousands, unless otherwise specified
Accrued Expenses [Abstract]	'		'
Accrued payroll and related liabilities	$2,816		$2,557
Accrued construction and remodel costs(1)	907	[1]	2,275	[1]
Gift card liability	1,289		1,586
Accrued taxes	1,370		1,235
Occupancy related expenses	183		264
Other	869		735
	$7,434		$8,652
[1]	Balance is attributable to property additions for our new restaurants and remodels.

Note_6_Debt_and_Credit_Agreeme1

Note 6 - Debt and Credit Agreements (Details) (USD $)

3 Months Ended

3 Months Ended

Mar. 31, 2014

Jun. 30, 2013

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Apr. 19, 2013

Dec. 31, 2012

Dec. 31, 2012

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Through March 31, 2015 [Member]

April 1, 2015 through Maturity [Member]

KeyBank [Member]

Stearns Bank [Member]

Stearns Bank [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Minimum [Member]

Minimum [Member]

Minimum [Member]

Maximum [Member]

Maximum [Member]

Maximum [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Term Loan [Member]

Revolving Credit Facility [Member]

London Interbank Offered Rate (LIBOR) [Member]

Base Rate [Member]

Revolving Credit Facility [Member]

London Interbank Offered Rate (LIBOR) [Member]

Base Rate [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Note 6 - Debt and Credit Agreements (Details) [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Line of Credit Facility, Maximum Borrowing Capacity

'

'

'

'

'

$20,000,000

'

$6,500,000

'

'

'

'

'

'

'

'

Debt Instrument, Basis Spread on Variable Rate

'

'

'

'

'

'

'

'

'

'

3.00%

2.00%

'

3.50%

2.50%

'

Line of Credit Facility, Unused Capacity, Commitment Fee Percentage

'

'

'

'

'

'

'

'

'

'

'

'

0.38%

'

'

0.50%

Line of Credit Facility, Commitment Fee Amount

'

'

'

'

'

'

'

'

21,000

'

'

'

'

'

'

'

Proceeds from Lines of Credit

'

'

'

'

'

'

'

'

'

3,500,000

'

'

'

'

'

'

Line of Credit Facility, Amount Outstanding

'

'

'

'

'

'

'

'

3,500,000

'

'

'

'

'

'

'

Line of Credit Facility, Interest Rate During Period

'

'

'

'

'

'

'

'

3.41%

'

'

'

'

'

'

'

Fixed Charge Coverage Ratio, Minimum

'

'

'

1.25

1.5

'

'

'

'

'

'

'

'

'

'

'

Maximum Leverage Ratio

'

'

'

'

'

'

'

'

4

'

'

'

'

'

'

'

Debt Instrument, Face Amount

'

'

'

'

'

'

500,000

'

'

'

'

'

'

'

'

'

Write off of Deferred Debt Issuance Cost

'

66,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Fee Amount

356,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Unamortized Debt Issuance Expense

322,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amortization of Financing Costs

$26,000

'

$4,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Note_7_Income_Taxes_Details

Note 7 - Income Taxes (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Income Tax Disclosure [Abstract]	'	'
Income Tax Expense (Benefit)	$25,000	$80,000

Note_8_StockBased_Compensation2

Note 8 - Stock-Based Compensation (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'	'
Share-based Compensation	$201,000	$143,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$1,776,000	'
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	'2 years 255 days	'
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in Shares)	2,200,000	'
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in Shares)	287,525	'

Note_8_StockBased_Compensation3

Note 8 - Stock-Based Compensation (Details) - Stock Options Fair Value Assumptions (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Stock Options Fair Value Assumptions [Abstract]	'	'
Expected volatility	36.90%	38.90%
Risk-free interest rate	0.70%	0.60%
Expected option life (in years)	'2 years 328 days	'3 years 146 days
Dividend yield	0.00%	0.00%
Weighted average fair value per option granted (in Dollars per share)	$4.13	$2.49

Note_8_StockBased_Compensation4

Note 8 - Stock-Based Compensation (Details) - Stock Option Activity (USD $)	3 Months Ended
	Mar. 31, 2014
Stock Option Activity [Abstract]	'
Outstanding options at December 31, 2013	783,297
Outstanding options at December 31, 2013	$6.94
Granted	295,900
Granted	$16.12
Forfeited	-1,500
Forfeited	$13.25
Exercised	-11,322
Exercised	$3.28
Outstanding options at March 31, 2014	1,066,375
Outstanding options at March 31, 2014	$9.51
Outstanding options at March 31, 2014	'3 years 6 months
Outstanding options at March 31, 2014	$11,577,000
Exercisable at March 31, 2014	422,788
Exercisable at March 31, 2014	$6.47
Exercisable at March 31, 2014	'2 years 292 days
Exercisable at March 31, 2014	$5,876,000

Note_9_Stock_Purchase_and_Reti1

Note 9 - Stock Purchase and Retirement Program (Details) (USD $)	3 Months Ended		22 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	31-May-12
Stockholders' Equity Note [Abstract]	'	'	'	'
Stock Repurchase Program Amount Authorized To Be Repurchased	'	'	'	$5,000,000
Payments for Repurchase of Common Stock	$0	$203,000	$3,200,000	'
Stock Repurchased During Period, Shares (in Shares)	'	'	387,109	'

Note_10_Commitments_and_Contin1

Note 10 - Commitments and Contingencies (Details) (USD $)	Feb. 10, 2014
In Millions, unless otherwise specified
Commitments and Contingencies Disclosure [Abstract]	'
Default Judgement Set Aside, Amount	$3.50