Texas Roadhouse (TXRH) 10-Q 1 Nov 24 2024 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 24, 2024	Oct. 23, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 24, 2024
Document Transition Report	false
Securities Act File Number	000-50972
Entity Registrant Name	Texas Roadhouse, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-1083890
Entity Address, Address Line One	6040 Dutchmans Lane
Entity Address, City or Town	Louisville
Entity Address, State or Province	KY
Entity Address, Postal Zip Code	40205
City Area Code	502
Local Phone Number	426-9984
Title of 12(b) Security	Common Stock
Trading Symbol	TXRH
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		66,714,069
Entity Central Index Key	0001289460
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 24, 2024	Dec. 26, 2023
Current assets:
Cash and cash equivalents	$ 189,205	$ 104,246
Receivables, net of allowance for doubtful accounts of $13 at September 24, 2024 and $35 at December 26, 2023	52,341	175,474
Inventories, net	39,842	38,320
Prepaid income taxes	0	3,262
Prepaid expenses and other current assets	26,013	35,172
Total current assets	307,401	356,474
Property and equipment, net of accumulated depreciation of $1,182,014 at September 24, 2024 and $1,078,855 at December 26, 2023	1,574,465	1,474,722
Operating lease right-of-use assets, net	747,799	694,014
Goodwill	169,684	169,684
Intangible assets, net of accumulated amortization of $22,733 at September 24, 2024 and $20,929 at December 26, 2023	1,679	3,483
Other assets	112,787	94,999
Total assets	2,913,815	2,793,376
Current liabilities:
Current portion of operating lease liabilities	28,476	27,411
Accounts payable	130,850	131,638
Deferred revenue-gift cards	226,626	373,913
Accrued wages	88,698	68,062
Income taxes payable	2,775	112
Accrued taxes and licenses	49,158	42,758
Other accrued liabilities	100,981	101,540
Total current liabilities	627,564	745,434
Operating lease liabilities, net of current portion	802,576	743,476
Restricted stock and other deposits	9,468	8,893
Deferred tax liabilities, net	12,395	23,104
Other liabilities	138,568	114,958
Total liabilities	1,590,571	1,635,865
Texas Roadhouse, Inc. and subsidiaries stockholders' equity:
Preferred stock ($0.001 par value, 1,000,000 shares authorized; no shares issued or outstanding)
Common stock ($0.001 par value, 100,000,000 shares authorized, 66,713,823 and 66,789,464 shares issued and outstanding at September 24, 2024 and December 26, 2023, respectively)	67	67
Retained earnings	1,308,223	1,141,595
Total Texas Roadhouse, Inc. and subsidiaries stockholders' equity	1,308,290	1,141,662
Noncontrolling interests	14,954	15,849
Total equity	1,323,244	1,157,511
Total liabilities and equity	$ 2,913,815	$ 2,793,376

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 24, 2024	Dec. 26, 2023
Condensed Consolidated Balance Sheets
Receivables, allowance for doubtful accounts (in dollars)	$ 13	$ 35
Property and equipment, accumulated depreciation (in dollars)	1,182,014	1,078,855
Intangible assets, accumulated amortization (in dollars)	$ 22,733	$ 20,929
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	66,713,823	66,789,464
Common stock, shares outstanding	66,713,823	66,789,464

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 24, 2024	Sep. 26, 2023	Sep. 24, 2024	Sep. 26, 2023
Revenue:
Total revenue	$ 1,272,999	$ 1,121,752	$ 3,935,418	$ 3,467,311
Restaurant operating costs (excluding depreciation and amortization shown separately below):
Food and beverage	424,566	386,184	1,305,658	1,198,099
Labor	427,470	378,814	1,293,229	1,155,970
Rent	20,162	18,177	59,543	54,001
Other operating	191,011	169,225	581,515	507,846
Pre-opening	7,282	8,663	21,579	19,711
Depreciation and amortization	44,510	39,124	128,918	112,764
Impairment and closure, net	844	(2)	1,135	131
General and administrative	55,131	47,708	165,874	148,573
Total costs and expenses	1,170,976	1,047,893	3,557,451	3,197,095
Income from operations	102,023	73,859	377,967	270,216
Interest income, net	1,916	496	5,007	2,730
Equity income from investments in unconsolidated affiliates	235	139	778	1,181
Income before taxes	104,174	74,494	383,752	274,127
Income tax expense	17,400	8,870	57,913	35,474
Net income including noncontrolling interests	86,774	65,624	325,839	238,653
Less: Net income attributable to noncontrolling interests	2,362	1,836	8,080	6,207
Net income attributable to Texas Roadhouse, Inc. and subsidiaries	$ 84,412	$ 63,788	$ 317,759	$ 232,446
Net income per common share attributable to Texas Roadhouse, Inc. and subsidiaries:
Basic	$ 1.27	$ 0.96	$ 4.76	$ 3.47
Diluted	$ 1.26	$ 0.95	$ 4.74	$ 3.46
Weighted average shares outstanding:
Basic	66,704	66,779	66,777	66,923
Diluted	66,943	67,014	67,023	67,179
Cash dividends declared per share	$ 0.61	$ 0.55	$ 1.83	$ 1.65
Food and Beverage [Member]
Revenue:
Total revenue	$ 1,265,279	$ 1,115,224	$ 3,913,073	$ 3,447,192
Franchise [Member]
Revenue:
Total revenue	$ 7,720	$ 6,528	$ 22,345	$ 20,119

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Equity - USD ($)	Parent [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member]	Total
Balance at Dec. 27, 2022	$ 1,012,638,000	$ 67,000	$ 13,139,000	$ 999,432,000	$ 15,024,000	$ 1,027,662,000
Balance (in shares) at Dec. 27, 2022		66,973,311
Increase (Decrease) in Stockholders' Equity
Net income	232,446,000	$ 0	0	232,446,000	6,207,000	238,653,000
Distributions to noncontrolling interest holders	0	0	0	0	(6,021,000)	(6,021,000)
Dividends declared	(110,429,000)	0	0	(110,429,000)	0	(110,429,000)
Shares issued under share-based compensation plans including tax effects	0	$ 0	0	0	0	0
Shares issued under share-based compensation plans including tax effects (in shares)		324,415
Indirect repurchase of shares for minimum tax withholdings	(10,599,000)	$ 0	(10,599,000)	0	0	(10,599,000)
Indirect repurchase of shares for minimum tax withholdings (in shares)		(100,397)
Repurchase of shares of common stock, including excise tax as applicable	(45,366,000)	$ 0	(27,806,000)	(17,560,000)	0	$ (45,366,000)
Repurchase of shares of common stock, including excise tax as applicable (in shares)		(414,319)				(414,319)
Share-based compensation	25,266,000	$ 0	25,266,000	0	0	$ 25,266,000
Balance at Sep. 26, 2023	1,103,956,000	$ 67,000	0	1,103,889,000	15,210,000	1,119,166,000
Balance (in shares) at Sep. 26, 2023		66,783,010
Balance at Jun. 27, 2023	1,082,982,000	$ 67,000	0	1,082,915,000	15,268,000	1,098,250,000
Balance (in shares) at Jun. 27, 2023		66,843,456
Increase (Decrease) in Stockholders' Equity
Net income	63,788,000	$ 0	0	63,788,000	1,836,000	65,624,000
Distributions to noncontrolling interest holders	0	0	0	0	(1,894,000)	(1,894,000)
Dividends declared	(36,731,000)	0	0	(36,731,000)	0	(36,731,000)
Shares issued under share-based compensation plans including tax effects	0	$ 0	0	0	0	0
Shares issued under share-based compensation plans including tax effects (in shares)		68,248
Indirect repurchase of shares for minimum tax withholdings	(2,360,000)	$ 0	(2,360,000)	0	0	(2,360,000)
Indirect repurchase of shares for minimum tax withholdings (in shares)		(21,101)
Repurchase of shares of common stock, including excise tax as applicable	(12,245,000)	$ 0	(6,162,000)	(6,083,000)	0	$ (12,245,000)
Repurchase of shares of common stock, including excise tax as applicable (in shares)		(107,593)				(107,593)
Share-based compensation	8,522,000	$ 0	8,522,000	0	0	$ 8,522,000
Balance at Sep. 26, 2023	1,103,956,000	$ 67,000	0	1,103,889,000	15,210,000	1,119,166,000
Balance (in shares) at Sep. 26, 2023		66,783,010
Balance at Dec. 26, 2023	1,141,662,000	$ 67,000	0	1,141,595,000	15,849,000	$ 1,157,511,000
Balance (in shares) at Dec. 26, 2023		66,789,464				66,789,464
Increase (Decrease) in Stockholders' Equity
Net income	317,759,000	$ 0	0	317,759,000	8,080,000	$ 325,839,000
Distributions to noncontrolling interest holders	0	0	0	0	(8,110,000)	(8,110,000)
Acquisition of noncontrolling interest	(3,297,000)	0	(3,297,000)	0	(865,000)	(4,162,000)
Dividends declared	(122,205,000)	0	0	(122,205,000)	0	(122,205,000)
Shares issued under share-based compensation plans including tax effects	0	$ 0	0	0	0	0
Shares issued under share-based compensation plans including tax effects (in shares)		295,519
Indirect repurchase of shares for minimum tax withholdings	(14,027,000)	$ 0	(14,027,000)	0	0	(14,027,000)
Indirect repurchase of shares for minimum tax withholdings (in shares)		(92,246)
Repurchase of shares of common stock, including excise tax as applicable	(44,756,000)	$ 0	(15,830,000)	(28,926,000)	0	$ (44,756,000)
Repurchase of shares of common stock, including excise tax as applicable (in shares)		(278,914)				(278,914)
Share-based compensation	33,154,000	$ 0	33,154,000	0	0	$ 33,154,000
Balance at Sep. 24, 2024	1,308,290,000	$ 67,000	0	1,308,223,000	14,954,000	$ 1,323,244,000
Balance (in shares) at Sep. 24, 2024		66,713,823				66,713,823
Balance at Jun. 25, 2024	1,262,636,000	$ 67,000	0	1,262,569,000	15,054,000	$ 1,277,690,000
Balance (in shares) at Jun. 25, 2024		66,727,898
Increase (Decrease) in Stockholders' Equity
Net income	84,412,000	$ 0	0	84,412,000	2,362,000	86,774,000
Distributions to noncontrolling interest holders	0	0	0	0	(2,485,000)	(2,485,000)
Acquisition of noncontrolling interest	(23,000)	0	(23,000)	0	23,000	0
Dividends declared	(40,696,000)	0	0	(40,696,000)	0	(40,696,000)
Shares issued under share-based compensation plans including tax effects	0	$ 0	0	0	0	0
Shares issued under share-based compensation plans including tax effects (in shares)		60,735
Indirect repurchase of shares for minimum tax withholdings	(3,198,000)	$ 0	(3,198,000)	0	0	(3,198,000)
Indirect repurchase of shares for minimum tax withholdings (in shares)		(18,562)
Repurchase of shares of common stock, including excise tax as applicable	(9,617,000)	$ 0	(11,555,000)	1,938,000	0	$ (9,617,000)
Repurchase of shares of common stock, including excise tax as applicable (in shares)		(56,248)				(56,248)
Share-based compensation	14,776,000	$ 0	14,776,000	0	0	$ 14,776,000
Balance at Sep. 24, 2024	$ 1,308,290,000	$ 67,000	$ 0	$ 1,308,223,000	$ 14,954,000	$ 1,323,244,000
Balance (in shares) at Sep. 24, 2024		66,713,823				66,713,823

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 24, 2024	Sep. 26, 2023	Sep. 24, 2024	Sep. 26, 2023
Condensed Consolidated Statements of Stockholders' Equity
Dividends declared (in dollars per share)	$ 0.61	$ 0.55	$ 1.83	$ 1.65

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 24, 2024	Sep. 26, 2023
Cash flows from operating activities:
Net income including noncontrolling interests	$ 325,839	$ 238,653
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	128,918	112,764
Deferred income taxes	(9,592)	2,707
Loss on disposition of assets	2,842	4,315
Impairment and closure costs	826	41
Equity income from investments in unconsolidated affiliates	(778)	(1,181)
Distributions of income received from investments in unconsolidated affiliates	799	493
Provision for doubtful accounts	(22)	4
Share-based compensation expense	33,154	25,266
Changes in operating working capital, net of acquisitions:
Receivables	123,155	102,068
Inventories	(1,522)	1,835
Prepaid expenses and other current assets	10,394	5,821
Other assets	(15,566)	(12,680)
Accounts payable	3,166	14,188
Deferred revenue-gift cards	(147,287)	(135,251)
Accrued wages	20,636	13,469
Prepaid income taxes and income taxes payable	5,923	2,443
Accrued taxes and licenses	6,849	7,041
Other accrued liabilities	(98)	(10,117)
Operating lease right-of-use assets and lease liabilities	4,845	4,702
Other liabilities	23,608	14,158
Net cash provided by operating activities	516,089	390,739
Cash flows from investing activities:
Capital expenditures-property and equipment	(246,539)	(243,895)
Acquisition of franchise restaurants, net of cash acquired	0	(39,153)
Proceeds from sale of investments in unconsolidated affiliates	0	632
Proceeds from the sale of property and equipment	197	1,800
Proceeds from sale leaseback transactions	9,126	7,097
Net cash used in investing activities	(237,216)	(273,519)
Cash flows from financing activities:
Payments on revolving credit facility	0	(50,000)
Distributions to noncontrolling interest holders	(8,110)	(6,021)
Acquisition of noncontrolling interest	(5,279)	0
Proceeds from restricted stock and other deposits, net	396	485
Indirect repurchase of shares for minimum tax withholdings	(14,027)	(10,599)
Repurchase of shares of common stock	(44,689)	(45,193)
Dividends paid to shareholders	(122,205)	(110,429)
Net cash used in financing activities	(193,914)	(221,757)
Net increase (decrease) in cash and cash equivalents	84,959	(104,537)
Cash and cash equivalents-beginning of period	104,246	173,861
Cash and cash equivalents-end of period	189,205	69,324
Supplemental disclosures of cash flow information:
Interest paid, net of amounts capitalized	669	877
Income taxes paid	61,804	30,323
Capital expenditures included in current liabilities	$ 42,641	$ 51,556

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 24, 2024
Description of Business
Basis of Presentation	(1) Basis of Presentation ​ The accompanying unaudited condensed consolidated financial statements include the accounts of Texas Roadhouse, Inc., our wholly owned subsidiaries and subsidiaries in which we have a controlling interest (collectively, the "Company," "we," "our" and/or "us") as of September 24, 2024 and December 26, 2023 and for the 13 and 39 weeks ended September 24, 2024 and September 26, 2023. ​ The Company maintains three restaurant concepts operating as Texas Roadhouse, Bubba’s 33, and Jaggers. As of September 24, 2024, we owned and operated foreign countries. Of the in a U.S. territory. As of September 26, 2023, we owned and operated foreign countries. Of the ​ As of September 24, 2024 and September 26, 2023, we owned a majority interest in 19 and 20 company restaurants, respectively. The operating results of these majority-owned restaurants are consolidated and the portion of income attributable to noncontrolling interests is reflected in the line item net income attributable to noncontrolling interests in our unaudited condensed consolidated statements of income. ​ As of September 24, 2024 and September 26, 2023, we owned a 5.0% to 10.0% equity interest in 20 domestic franchise restaurants. These unconsolidated restaurants are accounted for using the equity method. Our investments in these unconsolidated affiliates are included in other assets in our unaudited condensed consolidated balance sheets, and we record our percentage share of net income earned by these unconsolidated affiliates under equity income from investments in unconsolidated affiliates in our unaudited condensed consolidated statements of income. All significant intercompany balances and transactions for these unconsolidated restaurants as well as the entities whose accounts have been consolidated have been eliminated. ​ We have made a number of estimates and assumptions relating to the reporting of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the unaudited condensed consolidated financial statements, and the reporting of revenue and expenses during the periods to prepare these unaudited condensed consolidated financial statements in conformity with U.S. generally accepted accounting principles ("GAAP"). Significant items subject to such estimates and assumptions include the valuation of property and equipment, goodwill, lease liabilities and right-of-use assets, obligations related to insurance reserves, legal reserves, income taxes, and gift card breakage. Actual results could differ from those estimates. ​ In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments, consisting only of normal recurring adjustments, necessary to present fairly our unaudited condensed consolidated financial statements for the periods presented. The unaudited condensed consolidated financial statements have been prepared in accordance with GAAP, except that certain information and footnotes have been condensed or omitted pursuant to rules and regulations of the Securities and Exchange Commission. Operating results for the 13 and 39 weeks ended September 24, 2024 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2024. The unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended December 26, 2023. ​ Our significant interim accounting policies include the recognition of income taxes using an estimated annual effective tax rate. ​

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Sep. 24, 2024
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recent Accounting Pronouncements	​ (2) Recent Accounting Pronouncements ​ In November 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosure. This ASU ) when deciding how to allocate resources. The ASU also requires all annual disclosures currently required by Topic 280 to be included in interim periods as well as the title of the CODM and an explanation of how the CODM uses the reported measure of segment profit or loss in assessing performance and allocating resources. The amendments in this update are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. We are currently assessing the impact of this new standard on our segment reporting disclosures and expect to provide additional detail and disclosures under this new guidance. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures . This ASU primarily requires enhanced disclosures about an entity’s income tax including requiring consistent categories and greater disaggregation of the information included in the rate reconciliation and income taxes paid disaggregated by jurisdiction. The amendments in this update are effective for fiscal years beginning after December 15, 2024, and interim periods within fiscal years beginning after December 15, 2025. We are currently assessing the impact of this new standard on our income tax disclosures and expect to provide additional detail and disclosures under this new guidance.

Long-term Debt

Long-term Debt	9 Months Ended
	Sep. 24, 2024
Long-term Debt
Long-term Debt	(3) Long-term Debt ​ We maintain a revolving credit facility (the "credit facility") with a syndicate of commercial lenders led by JPMorgan Chase Bank, N.A. and PNC Bank, N.A. The credit facility is an unsecured, revolving credit agreement and has a borrowing capacity of up to million subject to certain limitations, including approval by the syndicate of commercial lenders. The credit facility has a maturity date of May 1, 2026. ​ We are required to pay interest on outstanding borrowings at the Term Secured Overnight Financing Rate ("SOFR"), plus a fixed adjustment of 0.10% and a variable adjustment of 0.875% to 1.875% depending on our consolidated leverage ratio. ​ As of September 24, 2024 and December 26, 2023, we had no outstanding borrowings under the credit facility and had $295.3 million of availability, net of $4.7 million of outstanding letters of credit. ​ The interest rate for the credit facility as of September 24, 2024 and September 26, 2023 was 5.72% and 6.19% , respectively. ​ The lenders’ obligation to extend credit pursuant to the credit facility depends on us maintaining certain financial covenants, including a minimum consolidated fixed charge coverage ratio and a maximum consolidated leverage ratio. The credit facility permits us to incur additional secured or unsecured indebtedness, except for the incurrence of secured indebtedness that in the aggregate is equal to or greater than $125.0 million and 20% of our consolidated tangible net worth. We were in compliance with all financial covenants as of September 24, 2024.

Revenue

Revenue	9 Months Ended
	Sep. 24, 2024
Revenue
Revenue	(4) Revenue ​ The following table disaggregates our revenue by major source: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 13 Weeks Ended ​ 39 Weeks Ended ​ September 24, 2024 ​ September 26, 2023 ​ September 24, 2024 ​ September 26, 2023 Restaurant and other sales $ 1,265,279 ​ $ 1,115,224 ​ $ 3,913,073 ​ $ 3,447,192 Franchise royalties ​ 6,808 ​ ​ 5,832 ​ ​ 20,601 ​ ​ 17,896 Franchise fees ​ 912 ​ ​ 696 ​ ​ 1,744 ​ ​ 2,223 Total revenue $ 1,272,999 ​ $ 1,121,752 ​ $ 3,935,418 ​ $ 3,467,311 ​ The following table presents a rollforward of deferred revenue-gift cards: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 13 Weeks Ended ​ 39 Weeks Ended ​ September 24, 2024 ​ September 26, 2023 ​ September 24, 2024 ​ September 26, 2023 Beginning balance $ 250,485 ​ $ 226,130 ​ $ 373,913 ​ $ 335,403 Gift card activations, net of third-party fees ​ 56,527 ​ ​ 48,824 ​ ​ 191,409 ​ ​ 167,378 Gift card redemptions and breakage ​ (80,386) ​ ​ (73,638) ​ ​ (338,696) ​ ​ (301,465) Ending balance $ 226,626 ​ $ 201,316 ​ $ 226,626 ​ $ 201,316 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ We recognized restaurant sales of $26.1 million and $210.1 million for the 13 and 39 weeks ended September 24, 2024, respectively, related to amounts in deferred revenue as of December 26, 2023. We recognized restaurant sales of million for the 13 and 39 weeks ended September 26, 2023, respectively, related to amounts in deferred revenue as of December 27, 2022.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 24, 2024
Income Taxes
Income Taxes	(5) Income Taxes ​ The effective tax rate was 16.7% and 11.9% for the 13 weeks ended September 24, 2024 and September 26, 2023, respectively. The effective tax rate was for the 39 weeks ended September 24, 2024 and September 26, 2023, respectively. The increase in our tax rate for the 13 and 39 weeks ended September 24, 2024 as compared to the prior year periods was primarily due to a decrease in the impact of the FICA tip tax credit, which was driven by increased profitability. ​

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 24, 2024
Commitments and Contingencies
Commitments and Contingencies	(6) Commitments and Contingencies ​ The estimated cost of completing capital project commitments at September 24, 2024 and December 26, 2023 was $256.3 million and $237.4 million, respectively. ​ As of September 24, 2024 and December 26, 2023, we were contingently liable for $9.7 million and $10.4 million, respectively, for seven lease guarantees. These amounts represent the maximum potential liability of future payments under the guarantees. In the event of default, the indemnity and default clauses in our assignment agreements govern our ability to pursue and recover damages incurred. No material liabilities have been recorded as of September 24, 2024 and December 26, 2023, as the likelihood of default was deemed to be less than probable and the fair value of the guarantees is not considered significant. ​ During the 13 and 39 weeks ended September 24, 2024 and September 26, 2023, we bought our beef primarily from four suppliers. Although there are a limited number of beef suppliers, we believe that other suppliers could provide a similar product on comparable terms. ​ Occasionally, we are a defendant in litigation arising in the ordinary course of business, including "slip and fall" accidents, employment related claims, claims related to our service of alcohol, and claims from guests or employees alleging illness, injury or food quality, health or operational concerns. None of these types of litigation, most of which are covered by insurance at varying retention levels, has had a material adverse effect on us and, as of the date of this report, we are not party to any litigation that we believe could have a material adverse effect on our business.

Acquisitions

Acquisitions	9 Months Ended
	Sep. 24, 2024
Acquisitions
Acquisitions	(7) Acquisitions ​ On December 28, 2022, the first day of the 2023 fiscal year, we completed the acquisition of eight franchise Texas Roadhouse restaurants located in Maryland and Delaware, including four in which we previously held a 5.0% equity interest. Pursuant to the terms of the acquisition agreements, we paid a total purchase price of of the entities. The transactions in which we held an equity interest were accounted for as step acquisitions, and we recorded a gain of in the unaudited condensed consolidated statements of income . These transactions were accounted for using the acquisition method as defined in Accounting Standards Codification 805, Business Combinations . These acquisitions are consistent with our long-term strategy to increase net income and earnings per share. The following table summarizes the consideration paid for these acquisitions and the estimated fair value of the assets acquired and the liabilities assumed at the acquisition date, which are adjusted for final measurement-period adjustments. ​ ​ ​ ​ ​ Inventory ​ $ 410 Other assets ​ ​ 293 Property and equipment ​ 17,763 Operating lease right-of-use assets ​ ​ 4,775 Goodwill ​ 20,067 Intangible assets ​ 1,700 Deferred revenue-gift cards ​ ​ (1,164) Current portion of operating lease liabilities ​ (110) Operating lease liabilities, net of current portion ​ ​ (4,665) ​ ​ $ 39,069 ​ Intangible assets represent reacquired franchise rights which are being amortized over a weighted-average useful life of 2.2 years. We expect all of the goodwill will be deductible for tax purposes and believe the resulting amount of goodwill reflects the benefit of sales and unit growth opportunities as well as the benefit of the assembled workforce of the acquired restaurants.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 24, 2024
Related Party Transactions
Related Party Transactions	(8) Related Party Transactions ​ As of September 24, 2024 and September 26, 2023, we had four franchise restaurants and one majority-owned company restaurant owned in part by a current officer of the Company. We recognized revenue of We recognized revenue of ​

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 24, 2024
Earnings Per Share [Abstract]
Earnings Per Share	(9) Earnings Per Share ​ The share and net income per share data for all periods presented are based on the historical weighted-average shares outstanding. The diluted earnings per share calculations show the effect of the weighted-average restricted stock units from our equity incentive plans. Performance stock units are not included in the diluted earnings per share calculation until the performance-based criteria have been met. ​ For all periods presented, the weighted-average shares of nonvested stock units that were outstanding but not included in the computation of diluted earnings per share because they would have had an anti-dilutive effect were not significant. ​ The following table sets forth the calculation of earnings per share and weighted-average shares outstanding as presented in the accompanying unaudited condensed consolidated statements of income: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 13 Weeks Ended ​ ​ 39 Weeks Ended ​ September 24, 2024 September 26, 2023 ​ September 24, 2024 September 26, 2023 Net income attributable to Texas Roadhouse, Inc. and subsidiaries ​ $ 84,412 ​ $ 63,788 ​ ​ $ 317,759 ​ $ 232,446 Basic EPS: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average common shares outstanding ​ 66,704 ​ ​ 66,779 ​ ​ ​ 66,777 ​ ​ 66,923 Basic EPS ​ $ 1.27 ​ $ 0.96 ​ ​ $ 4.76 ​ $ 3.47 Diluted EPS: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average common shares outstanding ​ 66,704 ​ ​ 66,779 ​ ​ ​ 66,777 ​ ​ 66,923 Dilutive effect of nonvested stock units ​ 239 ​ ​ 235 ​ ​ ​ 246 ​ ​ 256 Shares-diluted ​ 66,943 ​ 67,014 ​ ​ 67,023 ​ 67,179 Diluted EPS ​ $ 1.26 ​ $ 0.95 ​ ​ $ 4.74 ​ $ 3.46 ​

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 24, 2024
Fair Value Measurements
Fair Value Measurements	(10) Fair Value Measurements ​ At September 24, 2024 and December 26, 2023, the fair values of cash and cash equivalents, accounts receivable, and accounts payable approximated their carrying values based on the short-term nature of these instruments. There were ​ The following table presents the fair values for our financial assets and liabilities measured on a recurring basis: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements ​ Level September 24, 2024 December 26, 2023 Deferred compensation plan—assets 1 ​ $ 96,994 ​ $ 81,316 Deferred compensation plan—liabilities 1 ​ $ (96,994) ​ $ (81,222) ​ We report the accounts of the deferred compensation plan in other assets and the corresponding liability in other liabilities in our unaudited condensed consolidated balance sheets. These investments are considered trading securities and are reported at fair value based on quoted market prices. The realized and unrealized holding gains and losses related to these investments, as well as the offsetting compensation expense, are recorded in general and administrative expense in the unaudited condensed consolidated statements of income.

Stock Repurchase Program

Stock Repurchase Program	9 Months Ended
	Sep. 24, 2024
Stock Repurchase Program.
Stock Repurchase Program	​ ​ (11) Stock Repurchase Program ​ On March 17, 2022, our Board of Directors (the "Board") approved a stock repurchase program under which we may repurchase up to $300.0 million of our common stock. This stock repurchase program has no expiration date. All repurchases to date under our stock repurchase programs have been made through open market transactions. The timing and the amount of any repurchases are determined by management under parameters established by the Board, based on an evaluation of our stock price, market conditions, and other corporate considerations, including complying with Rule 10b5-1 trading arrangements under the Securities Exchange Act of 1934, as amended (the ​ For the 13 and 39 weeks ended September 24, 2024, we paid shares of our common stock, respectively. As of September 24, 2024, million remained under our authorized stock repurchase program.

Segment Information

Segment Information	9 Months Ended
	Sep. 24, 2024
Segment Reporting [Abstract]
Segment Information	(12) Segment Information ​ We manage our restaurant and franchising operations by concept and as a result have identified Texas Roadhouse, Bubba’s 33, Jaggers, and our retail initiatives as separate operating segments. Our reportable segments are Texas Roadhouse and Bubba’s 33. The Texas Roadhouse reportable segment includes the results of our domestic company Texas Roadhouse restaurants and domestic and international franchise Texas Roadhouse restaurants. The Bubba's 33 reportable segment includes the results of our domestic company Bubba's 33 restaurants. Our remaining operating segments, which include the results of our domestic company and franchise Jaggers restaurants and the results of our retail initiatives, are included in Other. In addition, corporate-related assets, depreciation and amortization, and capital expenditures are also included in Other. ​ Management uses restaurant margin as the primary measure for assessing performance of our segments. Restaurant margin represents restaurant and other sales less restaurant-level operating costs, including food and beverage costs, labor, rent, and other operating costs. Restaurant margin also includes sales and operating costs related to our non-royalty based retail initiatives. Restaurant margin is used by our CODM to evaluate restaurant-level operating efficiency and performance. ​ In calculating restaurant margin, we exclude certain non-restaurant-level costs that support operations, but do not have a direct impact on restaurant-level operational efficiency and performance, including general and administrative expenses. We exclude pre-opening expenses as it occurs at irregular intervals and would impact comparability to prior period results. We exclude depreciation and amortization expenses, substantially all of which relates to restaurant-level assets, as it represents a non-cash charge for the investment in our restaurants. We exclude impairment and closure expenses as we believe this provides a clearer perspective of the Company’s ongoing operating performance and a more useful comparison to prior period results. Restaurant margin as presented may not be comparable to other similarly titled measures of other companies in our industry. ​ Restaurant and other sales for all operating segments are derived primarily from food and beverage sales. We do not rely on any major customer as a source of sales and the customers and assets of our reportable segments are located predominantly in the United States. There are no material transactions between reportable segments. ​ The following tables reconcile our segment results to our consolidated results reported in accordance with GAAP: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the 13 Weeks Ended September 24, 2024 ​ Texas Roadhouse ​ Bubba's 33 ​ Other ​ Total Restaurant and other sales $ 1,184,125 ​ $ 73,416 ​ $ 7,738 ​ $ 1,265,279 Restaurant operating costs (excluding depreciation and amortization) ​ 993,576 ​ ​ 62,926 ​ ​ 6,707 ​ ​ 1,063,209 Restaurant margin $ 190,549 ​ $ 10,490 ​ $ 1,031 ​ $ 202,070 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Depreciation and amortization $ 37,372 ​ $ 4,150 ​ $ 2,988 ​ $ 44,510 Capital expenditures ​ 81,882 ​ ​ 6,735 ​ ​ 2,444 ​ ​ 91,061 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the 13 Weeks Ended September 26, 2023 ​ Texas Roadhouse ​ Bubba's 33 ​ Other ​ Total Restaurant and other sales $ 1,047,795 ​ $ 61,083 ​ $ 6,346 ​ $ 1,115,224 Restaurant operating costs (excluding depreciation and amortization) ​ 893,330 ​ ​ 53,584 ​ ​ 5,486 ​ ​ 952,400 Restaurant margin $ 154,465 ​ $ 7,499 ​ $ 860 ​ $ 162,824 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Depreciation and amortization $ 32,416 ​ $ 3,518 ​ $ 3,190 ​ $ 39,124 Capital expenditures ​ 76,811 ​ ​ 7,027 ​ ​ 5,477 ​ ​ 89,315 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the 39 Weeks Ended September 24, 2024 ​ Texas Roadhouse ​ Bubba's 33 ​ Other ​ Total Restaurant and other sales $ 3,672,510 ​ $ 217,501 ​ $ 23,062 ​ $ 3,913,073 Restaurant operating costs (excluding depreciation and amortization) ​ 3,038,186 ​ ​ 182,282 ​ ​ 19,477 ​ ​ 3,239,945 Restaurant margin $ 634,324 ​ $ 35,219 ​ $ 3,585 ​ $ 673,128 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Depreciation and amortization $ 108,327 ​ $ 11,961 ​ $ 8,630 ​ $ 128,918 Capital expenditures ​ 214,815 ​ ​ 25,268 ​ ​ 6,456 ​ ​ 246,539 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the 39 Weeks Ended September 26, 2023 ​ Texas Roadhouse ​ Bubba's 33 ​ Other ​ Total Restaurant and other sales $ 3,244,973 ​ $ 184,012 ​ $ 18,207 ​ $ 3,447,192 Restaurant operating costs (excluding depreciation and amortization) ​ 2,741,313 ​ ​ 158,428 ​ ​ 16,175 ​ ​ 2,915,916 Restaurant margin $ 503,660 ​ $ 25,584 ​ $ 2,032 ​ $ 531,276 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Depreciation and amortization $ 93,072 ​ $ 10,399 ​ $ 9,293 ​ $ 112,764 Capital expenditures ​ 210,403 ​ ​ 23,032 ​ ​ 10,460 ​ ​ 243,895 ​ A reconciliation of restaurant margin to income from operations is presented below. We do not allocate interest income, net and equity income from investments in unconsolidated affiliates to reportable segments. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 13 Weeks Ended ​ 39 Weeks Ended ​ September 24, 2024 ​ September 26, 2023 ​ September 24, 2024 ​ September 26, 2023 Restaurant margin $ 202,070 ​ $ 162,824 ​ $ 673,128 ​ $ 531,276 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Add: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Franchise royalties and fees ​ 7,720 ​ ​ 6,528 ​ ​ 22,345 ​ ​ 20,119 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pre-opening ​ 7,282 ​ ​ 8,663 ​ ​ 21,579 ​ ​ 19,711 Depreciation and amortization ​ 44,510 ​ ​ 39,124 ​ ​ 128,918 ​ ​ 112,764 Impairment and closure, net ​ 844 ​ ​ (2) ​ ​ 1,135 ​ ​ 131 General and administrative ​ 55,131 ​ ​ 47,708 ​ ​ 165,874 ​ ​ 148,573 Income from operations $ 102,023 ​ $ 73,859 ​ $ 377,967 ​ $ 270,216 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 24, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Rule 10b5-1 Arrangement Modified	false
Non-Rule 10b5-1 Arrangement Modified	false

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 24, 2024
Revenue
Schedule of disaggregated revenue	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 13 Weeks Ended ​ 39 Weeks Ended ​ September 24, 2024 ​ September 26, 2023 ​ September 24, 2024 ​ September 26, 2023 Restaurant and other sales $ 1,265,279 ​ $ 1,115,224 ​ $ 3,913,073 ​ $ 3,447,192 Franchise royalties ​ 6,808 ​ ​ 5,832 ​ ​ 20,601 ​ ​ 17,896 Franchise fees ​ 912 ​ ​ 696 ​ ​ 1,744 ​ ​ 2,223 Total revenue $ 1,272,999 ​ $ 1,121,752 ​ $ 3,935,418 ​ $ 3,467,311
Schedule of deferred revenue liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 13 Weeks Ended ​ 39 Weeks Ended ​ September 24, 2024 ​ September 26, 2023 ​ September 24, 2024 ​ September 26, 2023 Beginning balance $ 250,485 ​ $ 226,130 ​ $ 373,913 ​ $ 335,403 Gift card activations, net of third-party fees ​ 56,527 ​ ​ 48,824 ​ ​ 191,409 ​ ​ 167,378 Gift card redemptions and breakage ​ (80,386) ​ ​ (73,638) ​ ​ (338,696) ​ ​ (301,465) Ending balance $ 226,626 ​ $ 201,316 ​ $ 226,626 ​ $ 201,316 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Sep. 24, 2024
Eight franchise restaurants
Summary the consideration paid for the acquisitions, and the estimated preliminary fair value of the assets acquired, and the liabilities assumed	​ ​ ​ ​ ​ Inventory ​ $ 410 Other assets ​ ​ 293 Property and equipment ​ 17,763 Operating lease right-of-use assets ​ ​ 4,775 Goodwill ​ 20,067 Intangible assets ​ 1,700 Deferred revenue-gift cards ​ ​ (1,164) Current portion of operating lease liabilities ​ (110) Operating lease liabilities, net of current portion ​ ​ (4,665) ​ ​ $ 39,069

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 24, 2024
Earnings Per Share [Abstract]
Schedule of calculation of earnings per share and weighted average shares outstanding	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 13 Weeks Ended ​ ​ 39 Weeks Ended ​ September 24, 2024 September 26, 2023 ​ September 24, 2024 September 26, 2023 Net income attributable to Texas Roadhouse, Inc. and subsidiaries ​ $ 84,412 ​ $ 63,788 ​ ​ $ 317,759 ​ $ 232,446 Basic EPS: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average common shares outstanding ​ 66,704 ​ ​ 66,779 ​ ​ ​ 66,777 ​ ​ 66,923 Basic EPS ​ $ 1.27 ​ $ 0.96 ​ ​ $ 4.76 ​ $ 3.47 Diluted EPS: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average common shares outstanding ​ 66,704 ​ ​ 66,779 ​ ​ ​ 66,777 ​ ​ 66,923 Dilutive effect of nonvested stock units ​ 239 ​ ​ 235 ​ ​ ​ 246 ​ ​ 256 Shares-diluted ​ 66,943 ​ 67,014 ​ ​ 67,023 ​ 67,179 Diluted EPS ​ $ 1.26 ​ $ 0.95 ​ ​ $ 4.74 ​ $ 3.46 ​

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 24, 2024
Fair Value Measurements
Schedule of fair values for our financial assets and liabilities measured on a recurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements ​ Level September 24, 2024 December 26, 2023 Deferred compensation plan—assets 1 ​ $ 96,994 ​ $ 81,316 Deferred compensation plan—liabilities 1 ​ $ (96,994) ​ $ (81,222)

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 24, 2024
Segment Reporting [Abstract]
Schedule to reconcile our segment results to our consolidated results	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the 13 Weeks Ended September 24, 2024 ​ Texas Roadhouse ​ Bubba's 33 ​ Other ​ Total Restaurant and other sales $ 1,184,125 ​ $ 73,416 ​ $ 7,738 ​ $ 1,265,279 Restaurant operating costs (excluding depreciation and amortization) ​ 993,576 ​ ​ 62,926 ​ ​ 6,707 ​ ​ 1,063,209 Restaurant margin $ 190,549 ​ $ 10,490 ​ $ 1,031 ​ $ 202,070 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Depreciation and amortization $ 37,372 ​ $ 4,150 ​ $ 2,988 ​ $ 44,510 Capital expenditures ​ 81,882 ​ ​ 6,735 ​ ​ 2,444 ​ ​ 91,061 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the 13 Weeks Ended September 26, 2023 ​ Texas Roadhouse ​ Bubba's 33 ​ Other ​ Total Restaurant and other sales $ 1,047,795 ​ $ 61,083 ​ $ 6,346 ​ $ 1,115,224 Restaurant operating costs (excluding depreciation and amortization) ​ 893,330 ​ ​ 53,584 ​ ​ 5,486 ​ ​ 952,400 Restaurant margin $ 154,465 ​ $ 7,499 ​ $ 860 ​ $ 162,824 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Depreciation and amortization $ 32,416 ​ $ 3,518 ​ $ 3,190 ​ $ 39,124 Capital expenditures ​ 76,811 ​ ​ 7,027 ​ ​ 5,477 ​ ​ 89,315 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the 39 Weeks Ended September 24, 2024 ​ Texas Roadhouse ​ Bubba's 33 ​ Other ​ Total Restaurant and other sales $ 3,672,510 ​ $ 217,501 ​ $ 23,062 ​ $ 3,913,073 Restaurant operating costs (excluding depreciation and amortization) ​ 3,038,186 ​ ​ 182,282 ​ ​ 19,477 ​ ​ 3,239,945 Restaurant margin $ 634,324 ​ $ 35,219 ​ $ 3,585 ​ $ 673,128 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Depreciation and amortization $ 108,327 ​ $ 11,961 ​ $ 8,630 ​ $ 128,918 Capital expenditures ​ 214,815 ​ ​ 25,268 ​ ​ 6,456 ​ ​ 246,539 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the 39 Weeks Ended September 26, 2023 ​ Texas Roadhouse ​ Bubba's 33 ​ Other ​ Total Restaurant and other sales $ 3,244,973 ​ $ 184,012 ​ $ 18,207 ​ $ 3,447,192 Restaurant operating costs (excluding depreciation and amortization) ​ 2,741,313 ​ ​ 158,428 ​ ​ 16,175 ​ ​ 2,915,916 Restaurant margin $ 503,660 ​ $ 25,584 ​ $ 2,032 ​ $ 531,276 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Depreciation and amortization $ 93,072 ​ $ 10,399 ​ $ 9,293 ​ $ 112,764 Capital expenditures ​ 210,403 ​ ​ 23,032 ​ ​ 10,460 ​ ​ 243,895
Schedule of restaurant margin to income from operations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 13 Weeks Ended ​ 39 Weeks Ended ​ September 24, 2024 ​ September 26, 2023 ​ September 24, 2024 ​ September 26, 2023 Restaurant margin $ 202,070 ​ $ 162,824 ​ $ 673,128 ​ $ 531,276 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Add: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Franchise royalties and fees ​ 7,720 ​ ​ 6,528 ​ ​ 22,345 ​ ​ 20,119 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pre-opening ​ 7,282 ​ ​ 8,663 ​ ​ 21,579 ​ ​ 19,711 Depreciation and amortization ​ 44,510 ​ ​ 39,124 ​ ​ 128,918 ​ ​ 112,764 Impairment and closure, net ​ 844 ​ ​ (2) ​ ​ 1,135 ​ ​ 131 General and administrative ​ 55,131 ​ ​ 47,708 ​ ​ 165,874 ​ ​ 148,573 Income from operations $ 102,023 ​ $ 73,859 ​ $ 377,967 ​ $ 270,216 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Description of Business (Detail

Description of Business (Details)	Sep. 24, 2024 restaurant state country territory	Sep. 26, 2023 restaurant country state
Description of Business
Number of Restaurant Concepts	3	3
Number of states in which restaurants operate | state	49	49
Number of countries in which restaurants operate | country	10	10
Entity Operated Units [Member]
Description of Business
Number of restaurants	657	623
Entity Operated Units [Member] | Consolidated Properties [Member]
Description of Business
Number of restaurants	19	20
Franchised Units [Member]
Description of Business
Number of restaurants	115	99
Franchised Units [Member] | Geographic Distribution, Domestic [Member]
Description of Business
Number of restaurants	59	55
Number of United States Territories in which restaurants operate | territory	1
Franchised Units [Member] | Geographic Distribution, Foreign [Member]
Description of Business
Number of restaurants	56	44
Franchised Units [Member] | Unconsolidated Properties [Member] | Geographic Distribution, Domestic [Member] | Domestic franchise restaurants
Description of Business
Number of restaurants	20	20
Franchised Units [Member] | Minimum [Member] | Unconsolidated Properties [Member] | Domestic franchise restaurants
Description of Business
Ownership percentage	5%	5%
Franchised Units [Member] | Maximum [Member] | Unconsolidated Properties [Member] | Domestic franchise restaurants
Description of Business
Ownership percentage	10%	10%

Long-term Debt (Details)

Long-term Debt (Details) - Revolving Credit Facility [Member] - USD ($) $ in Millions		9 Months Ended
	May 19, 2023	Sep. 24, 2024	Dec. 26, 2023	Sep. 26, 2023
Revolving Credit Facility
Revolving credit facility, maximum borrowing capacity		$ 300
Revolving credit facility contingent increase in maximum borrowing capacity		$ 200
Weighted-average interest rate (as a percent)		5.72%		6.19%
Revolving credit facility, remaining borrowing capacity		$ 295.3	$ 295.3
Letters of credit outstanding		4.7	$ 4.7
Threshold for aggregate secured indebtedness		$ 125
Debt instrument condition for additional borrowing of secured debt, based on percentage of consolidated tangible net worth		20%
Fixed Adjustment Rate [Member]
Revolving Credit Facility
Interest rate added to base rate (as a percent)	0.10%
Variable Adjustment Rate [Member] | Minimum [Member]
Revolving Credit Facility
Interest rate added to base rate (as a percent)	0.875%
Variable Adjustment Rate [Member] | Maximum [Member]
Revolving Credit Facility
Interest rate added to base rate (as a percent)	1.875%

Revenue (Details)

Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 24, 2024	Sep. 26, 2023	Sep. 24, 2024	Sep. 26, 2023
Revenue
Total revenue	$ 1,272,999	$ 1,121,752	$ 3,935,418	$ 3,467,311
Food and Beverage [Member]
Revenue
Total revenue	1,265,279	1,115,224	3,913,073	3,447,192
Franchise royalties
Revenue
Total revenue	6,808	5,832	20,601	17,896
Franchise fees
Revenue
Total revenue	$ 912	$ 696	$ 1,744	$ 2,223

Revenue - Roll forward of defer

Revenue - Roll forward of deferred revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 24, 2024	Sep. 26, 2023	Sep. 24, 2024	Sep. 26, 2023
Revenue
Beginning balance	$ 250,485	$ 226,130	$ 373,913	$ 335,403
Gift card activations, net	56,527	48,824	191,409	167,378
Gift card redemptions and breakage	(80,386)	(73,638)	(338,696)	(301,465)
Ending Balance	$ 226,626	$ 201,316	$ 226,626	$ 201,316

Revenue - Other (Details)

Revenue - Other (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 24, 2024	Sep. 26, 2023	Sep. 24, 2024	Sep. 26, 2023
Gift Cards
Revenue
Deferred revenue recognized	$ 26.1	$ 26.5	$ 210.1	$ 191.7

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		9 Months Ended
	Sep. 24, 2024	Sep. 26, 2023	Sep. 24, 2024	Sep. 26, 2023
Reconciliation of the statutory federal income tax rate to our effective tax rate:
Effective tax rate (as a percent)	16.70%	11.90%	15.10%	12.90%

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	Sep. 24, 2024 USD ($) item	Dec. 26, 2023 USD ($) item	Sep. 26, 2023 item
Commitments and Contingencies
Estimated cost to complete capital project commitments (in dollars) | $	$ 256.3	$ 237.4
Number of suppliers providing most of the company's beef | item	4		4
Lease Agreements [Member]
Commitments and Contingencies
Number of leases guarantees entity contingently liable | item	7	7
Lease Agreements [Member] | Maximum [Member]
Commitments and Contingencies
Contingently liable amount | $	$ 9.7	$ 10.4

Acquisitions (Details)

Acquisitions (Details) $ in Thousands	12 Months Ended
	Dec. 26, 2023 USD ($) restaurant	Sep. 24, 2024 USD ($)
Business Acquisition [Line Items]
Goodwill	$ 169,684	$ 169,684
Eight franchise restaurants
Business Acquisition [Line Items]
Number of restaurants acquired | restaurant	8
Equity interest percentage	5%
Purchase price paid	$ 39,100
Outstanding equity percentage	100%
Step acquisition gain	$ 600
Weighted-average life	2 years 2 months 12 days
Inventory	$ 410
Other assets	293
Property and equipment	17,763
Operating lease right-of-use assets	4,775
Goodwill	20,067
Intangible assets	1,700
Deferred revenue-gift cards	(1,164)
Current portion of operating lease liabilities	(110)
Operating lease liabilities, net of current portion	(4,665)
Total	$ 39,069

Related Party Transactions (Det

Related Party Transactions (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 24, 2024 USD ($) restaurant	Sep. 26, 2023 USD ($) restaurant	Sep. 24, 2024 USD ($) restaurant	Sep. 26, 2023 USD ($) restaurant
Franchised Units [Member]
Related Party Transactions
Number of restaurants	115	99	115	99
Officers, directors and shareholders | Consolidated Properties [Member]
Related Party Transactions
Number of restaurants	1	1	1	1
Officers, directors and shareholders | Franchised Units [Member]
Related Party Transactions
Number of restaurants	4	4	4	4
Royalities and fees received from franchise and license restaurants | $	$ 0.5	$ 0.5	$ 1.5	$ 1.5

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 24, 2024	Sep. 26, 2023	Sep. 24, 2024	Sep. 26, 2023
Earnings per share
Net income attributable to Texas Roadhouse, Inc. and subsidiaries	$ 84,412	$ 63,788	$ 317,759	$ 232,446
Basic EPS:
Weighted-average common shares outstanding (in shares)	66,704	66,779	66,777	66,923
Basic EPS (in dollars per share)	$ 1.27	$ 0.96	$ 4.76	$ 3.47
Diluted EPS:
Weighted-average common shares outstanding (in shares)	66,704	66,779	66,777	66,923
Dilutive effect of nonvested stock units (in shares)	239	235	246	256
Shares-diluted (in shares)	66,943	67,014	67,023	67,179
Diluted EPS (in dollars per share)	$ 1.26	$ 0.95	$ 4.74	$ 3.46

Fair Value Measurements - Finan

Fair Value Measurements - Financial Assets and Liabilities (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 24, 2024	Dec. 26, 2023
Fair value of financial instruments
Transfer of asset levels within the fair value hierarchy	$ 0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair value of financial instruments
Deferred compensation plan - assets	96,994	$ 81,316
Deferred compensation plan - liabilities	$ (96,994)	$ (81,222)

Stock Repurchase Program (Detai

Stock Repurchase Program (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 24, 2024	Sep. 26, 2023	Sep. 24, 2024	Sep. 26, 2023	Mar. 17, 2022
Stock Repurchase Program.
Repurchase of common stock authorized by board of directors					$ 300,000
Payments to repurchase common stock	$ 9,600	$ 12,100	$ 44,689	$ 45,193
Number of shares repurchased	56,248	107,593	278,914	414,319
Amount remaining under authorized stock repurchase program	$ 72,200		$ 72,200

Segment Information - Segment A

Segment Information - Segment Assets Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 24, 2024	Sep. 26, 2023	Sep. 24, 2024	Sep. 26, 2023
Segment Information
Revenue	$ 1,272,999	$ 1,121,752	$ 3,935,418	$ 3,467,311
Restaurant operating costs (excluding depreciation and amortization)	1,063,209	952,400	3,239,945	2,915,916
Restaurant margin	202,070	162,824	673,128	531,276
Depreciation and amortization	44,510	39,124	128,918	112,764
Capital expenditures	91,061	89,315	246,539	243,895
Food and Beverage [Member]
Segment Information
Revenue	1,265,279	1,115,224	3,913,073	3,447,192
Texas Roadhouse
Segment Information
Restaurant operating costs (excluding depreciation and amortization)	993,576	893,330	3,038,186	2,741,313
Restaurant margin	190,549	154,465	634,324	503,660
Depreciation and amortization	37,372	32,416	108,327	93,072
Capital expenditures	81,882	76,811	214,815	210,403
Texas Roadhouse | Food and Beverage [Member]
Segment Information
Revenue	1,184,125	1,047,795	3,672,510	3,244,973
Bubba's 33
Segment Information
Restaurant operating costs (excluding depreciation and amortization)	62,926	53,584	182,282	158,428
Restaurant margin	10,490	7,499	35,219	25,584
Depreciation and amortization	4,150	3,518	11,961	10,399
Capital expenditures	6,735	7,027	25,268	23,032
Bubba's 33 | Food and Beverage [Member]
Segment Information
Revenue	73,416	61,083	217,501	184,012
Other
Segment Information
Restaurant operating costs (excluding depreciation and amortization)	6,707	5,486	19,477	16,175
Restaurant margin	1,031	860	3,585	2,032
Depreciation and amortization	2,988	3,190	8,630	9,293
Capital expenditures	2,444	5,477	6,456	10,460
Other | Food and Beverage [Member]
Segment Information
Revenue	$ 7,738	$ 6,346	$ 23,062	$ 18,207

Segment Information - Consolida

Segment Information - Consolidated (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 24, 2024	Sep. 26, 2023	Sep. 24, 2024	Sep. 26, 2023
Segment Information
Restaurant margin	$ 202,070	$ 162,824	$ 673,128	$ 531,276
Revenue:
Revenue	1,272,999	1,121,752	3,935,418	3,467,311
Costs and expenses:
Pre-opening	7,282	8,663	21,579	19,711
Depreciation and amortization	44,510	39,124	128,918	112,764
Impairment and closure, net	844	(2)	1,135	131
General and administrative	55,131	47,708	165,874	148,573
Income from operations	102,023	73,859	377,967	270,216
Franchise [Member]
Revenue:
Revenue	$ 7,720	$ 6,528	$ 22,345	$ 20,119