Ruths Hospitality (RUTH) 10-Q 28 Oct 16 2016 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 25, 2016	Oct. 26, 2016
Unvested Restricted Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		1,249,169
Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		31,888,363
Entity Registrant Name	Ruths Hospitality Group, Inc.
Entity Central Index Key	1,324,272
Trading Symbol	ruth
Current Fiscal Year End Date	--12-25
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Type	10-Q
Document Period End Date	Sep. 25, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 25, 2016	Dec. 27, 2015
Franchise Rights [Member]
Current assets:
Finite-lived intangible assets	$ 32,200	$ 32,200
Other Intangible Assets [Member]
Current assets:
Finite-lived intangible assets	2,917	3,011
Cash and cash equivalents	3,954	3,095
Accounts receivable, less allowance for doubtful accounts 2016 - $733; 2015 - $732	8,738	18,501
Inventory	7,138	7,479
Assets held for sale		250
Prepaid expenses and other	3,272	1,259
Total current assets	23,102	30,584
Property and equipment, net of accumulated depreciation 2016 - $132,033; 2015 - $125,362	95,874	87,984
Goodwill	24,293	24,293
Deferred income taxes	13,244	19,309
Other assets	703	1,216
Total assets	192,333	198,597
Current liabilities:
Accounts payable	7,556	10,018
Accrued payroll	11,544	17,064
Accrued expenses	6,595	9,280
Deferred revenue	23,466	35,202
Current portion of long-term debt	38,000
Other current liabilities	6,109	6,308
Total current liabilities	93,270	77,872
Long-term debt
Deferred rent	21,253	20,275
Other liabilities	2,370	2,548
Total liabilities	116,893	100,695
Commitments and contingencies (Note 11)
Shareholders' equity:
Common stock, par value $.01 per share; 100,000,000 shares authorized, 30,881,668 shares issued and outstanding at September 25, 2016; 33,145,687 shares issued and outstanding at December 27, 2015	309	331
Additional paid-in capital	98,679	135,403
Accumulated deficit	(23,548)	(37,832)
Treasury stock, at cost; 71,950 shares at September 25, 2016 and December 27, 2015
Total shareholders' equity	75,440	97,902
Total liabilities and shareholders' equity	$ 192,333	$ 198,597

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Sep. 25, 2016	Dec. 27, 2015
Other Intangible Assets [Member]
Finite-lived intangible assets, accumulated amortization	$ 1,157	$ 1,090
Allowance for doubtful accounts	733	732
Property and equipment, accumulated depreciation	$ 132,033	$ 125,362
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	30,881,668	33,145,687
Common stock, shares outstanding (in shares)	30,881,668	33,145,687
Treasury stock, shares (in shares)	71,950	71,950

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 25, 2016	Sep. 27, 2015	Sep. 25, 2016	Sep. 27, 2015
Revenues:
Restaurant sales	$ 78,760	$ 75,249	$ 261,941	$ 253,085
Franchise income	3,928	3,965	12,463	12,103
Other operating income	1,086	1,078	3,914	3,497
Total revenues	83,774	80,292	278,318	268,685
Costs and expenses:
Food and beverage costs	23,723	23,709	78,022	77,971
Restaurant operating expenses	40,549	39,321	127,026	121,286
Marketing and advertising	2,546	2,312	7,134	6,352
General and administrative costs	7,346	7,442	22,068	21,334
Depreciation and amortization expenses	3,435	3,241	9,907	9,347
Pre-opening costs	574	112	1,665	627
Total costs and expenses	78,173	76,137	245,822	236,917
Operating income	5,601	4,155	32,496	31,768
Other income (expense):
Interest expense, net	(333)	(188)	(799)	(588)
Other	(92)	9	60	40
Income from continuing operations before income tax expense	5,176	3,976	31,757	31,220
Income tax expense	1,668	1,338	10,410	10,145
Income from continuing operations	3,508	2,638	21,347	21,075
Income (loss) from discontinued operations, net of income taxes	75	(73)	(94)	(582)
Net income	$ 3,583	$ 2,565	$ 21,253	$ 20,493
Basic earnings (loss) per common share:
Continuing operations (in dollars per share)	$ 0.11	$ 0.08	$ 0.67	$ 0.62
Discontinued operations (in dollars per share)				(0.02)
Basic earnings per share (in dollars per share)	0.11	0.08	0.67	0.60
Diluted earnings (loss) per common share:
Continuing operations (in dollars per share)	0.11	0.08	0.66	0.61
Discontinued operations (in dollars per share)				(0.02)
Diluted earnings per share (in dollars per share)	$ 0.11	$ 0.08	$ 0.66	$ 0.59
Shares used in computing net income (loss) per common share:
Basic (in shares)	31,305,952	33,989,364	32,023,814	34,183,137
Diluted (in shares)	31,737,036	34,338,440	32,437,142	34,537,553
Cash dividends declared per common share (in dollars per share)	$ 0.07	$ 0.06	$ 0.21	$ 0.18

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Total
Balance (in shares) at Dec. 28, 2014	34,334			72
Balance at Dec. 28, 2014	$ 343	$ 155,455	$ (59,487)		$ 96,311
Net income			20,493		20,493
Cash dividends			(6,280)		(6,280)
Repurchase of common stock (in shares)	(752)
Repurchase of common stock	$ (7)	(11,674)			(11,681)
Shares issued under stock compensation plan net of shares withheld for tax effects (in shares)	293
Shares issued under stock compensation plan net of shares withheld for tax effects	$ 3	(1,165)			(1,162)
Excess tax benefit from stock based compensation		703			703
Stock-based compensation		2,833			2,833
Balance (in shares) at Sep. 27, 2015	33,874			72
Balance at Sep. 27, 2015	$ 339	146,152	(45,274)		101,217
Balance (in shares) at Dec. 27, 2015	33,146			72
Balance at Dec. 27, 2015	$ 331	135,403	(37,832)		97,902
Net income			21,253		21,253
Cash dividends			(6,969)		(6,969)
Repurchase of common stock (in shares)	(2,477)
Repurchase of common stock	$ (25)	(39,948)			(39,973)
Shares issued under stock compensation plan net of shares withheld for tax effects (in shares)	213
Shares issued under stock compensation plan net of shares withheld for tax effects	$ 3	(1,430)			(1,427)
Excess tax benefit from stock based compensation		395			395
Stock-based compensation		4,259			4,259
Balance (in shares) at Sep. 25, 2016	30,882			72
Balance at Sep. 25, 2016	$ 309	$ 98,679	$ (23,548)		$ 75,440

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 25, 2016	Sep. 27, 2015
Cash flows from operating activities:
Net income	$ 21,253	$ 20,493
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	9,907	9,347
Deferred income taxes	6,065	11,289
Non-cash interest expense	315	315
Gain on the disposal of property and equipment, net	(128)
Stock-based compensation expense	4,259	2,833
Changes in operating assets and liabilities:
Accounts receivable	9,793	6,896
Inventories	341	141
Prepaid expenses and other	(2,012)	(521)
Other assets	198	90
Accounts payable and accrued expenses	(10,731)	(9,912)
Deferred revenue	(11,736)	(10,751)
Deferred rent	978	355
Other liabilities	623	(1,070)
Net cash provided by operating activities	29,125	29,505
Cash flows from investing activities:
Acquisition of property and equipment	(19,094)	(14,594)
Proceeds from sale of property and equipment	802
Proceeds from sale of Mitchell's Restaurants		10,000
Net cash used in investing activities	(18,292)	(4,594)
Cash flows from financing activities:
Principal borrowings on long-term debt	47,000	26,000
Principal repayments on long-term debt	(9,000)	(34,000)
Repurchase of common stock	(39,973)	(11,681)
Tax payments from the vesting of restricted stock and option exercises	(1,503)	(1,392)
Excess tax benefits from stock compensation	395	703
Proceeds from exercise of stock options	76	230
Cash dividend payments	(6,969)	(6,280)
Net cash used in financing activities	(9,974)	(26,420)
Net increase (decrease) in cash and cash equivalents	859	(1,509)
Cash and cash equivalents at beginning of period	3,095	4,301
Cash and cash equivalents at end of period	3,954	2,792
Supplemental disclosures of cash flow information:
Interest, net of capitalized interest	461	276
Income taxes	2,223	114
Noncash investing and financing activities:
Accrual-based acquisition of property and equipment	$ 389	$ 861

Note 1 - The Company and Basis

Note 1 - The Company and Basis of Presentation	9 Months Ended
	Sep. 25, 2016
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	(1) The Company and Basis of Presentation The accompanying unaudited condensed consolidated financial statements of Ruth’s Hospitality Group, Inc. and its subsidiaries (collectively, the Company) as of September 25, 2016 and December 27, 2015 and for the thirteen and thirty-nine week periods ended September 25, 2016 and September 27, 2015 have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (the SEC). The condensed consolidated financial statements include the financial statements of Ruth’s Hospitality Group, Inc. and its wholly owned subsidiaries. All inter-company balances and transactions have been eliminated in consolidation. Ruth’s Hospitality Group, Inc. is a restaurant company focused on the upscale dining segment. Ruth’s Hospitality Group, Inc. operates Company-owned Ruth’s Chris Steak House restaurants and sells franchise rights to Ruth’s Chris Steak House franchisees giving the franchisees the exclusive right to operate similar restaurants in a particular area designated in the franchise agreement. As of September 25, 2016, there were 149 Ruth’s Chris Steak House restaurants, including 68 Company-owned restaurants, one restaurant operating under a management agreement and 80 franchisee-owned restaurants, including 20 international franchisee-owned restaurants in Aruba, Canada, China, Hong Kong, Indonesia, Japan, Mexico, Panama, Singapore, Taiwan and the United Arab Emirates. All Company-owned restaurants are located in the United States. New Company-owned Ruth’s Chris Steak House restaurants opened in El Paso, TX in August 2016 and in Albuquerque, NM in May 2016 and a new franchisee-owned Ruth’s Chris Steak House restaurant opened in Jakarta, Indonesia in February 2016. Subsequent to September 25, 2016, new franchisee-owned Ruth’s Chris Steak House restaurants opened in Odenton, MD and Greenville, SC. A Company-owned Ruth’s Chris Steak House in Columbus, OH closed in February 2016. The Company previously operated eighteen Mitchell’s Fish Markets and three Mitchell’s/Cameron’s Steakhouse restaurants (collectively, the Mitchell’s Restaurants), located primarily in the Midwest and Florida. On January 21, 2015, the Company sold the Mitchell’s Restaurants to a third party (see Note 2). For financial statement reporting purposes, the Mitchell’s Restaurants are classified as a discontinued operation for all periods presented. The information furnished herein reflects all adjustments (consisting of normal recurring accruals and adjustments), which are, in the opinion of management, necessary to fairly present the operating results for the respective periods. The interim results of operations for the periods ended September 25, 2016 and September 27, 2015 are not necessarily indicative of the results that may be achieved for the full year. Certain information and footnote disclosures normally presented in annual financial statements prepared in accordance with U.S. generally accepted accounting principles have been condensed or omitted pursuant to the SEC’s rules and regulations. These financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 27, 2015. The Company operates on a 52- or 53-week fiscal year ending on the last Sunday in December. The fiscal quarters ended September 25, 2016 and September 27, 2015 each contained thirteen weeks and are referred to herein as the third quarter of fiscal year 2016 and the third quarter of fiscal year 2015, respectively. Fiscal years 2016 and 2015 are both 52-week years. Estimates Management of the Company has 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 condensed consolidated financial statements and the reporting of revenue and expenses during the periods to prepare these condensed consolidated financial statements in conformity with U.S. generally accepted accounting principles. Significant items subject to such estimates and assumptions include the carrying amounts of property and equipment, goodwill, franchise rights, and obligations related to gift cards, incentive compensation, workers’ compensation and medical insurance. Actual results could differ from those estimates. Recent Accounting Pronouncements for Future Application In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, “Revenue from Contracts with Customers,” (Topic 606), as amended by multiple standards updates. The ASU requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers, and will replace most existing revenue recognition guidance in U.S. generally accepted accounting principles when it becomes effective. The new standard is effective for interim and annual periods in fiscal years beginning after December 15, 2017. Early application is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU 2014-09 will have on its consolidated financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the standard on its ongoing financial reporting. In July 2015, the FASB issued ASU No. 2015-11, “Inventory (Topic 330).” The pronouncement was issued to simplify the measurement of inventory and changes the measurement from lower of cost or market to lower of cost and net realizable value. This pronouncement is effective for reporting periods beginning after December 15, 2016. The adoption of ASU 2015-11 is not expected to have a significant impact on the Company’s consolidated financial position or results of operations. In February 2016, the FASB issued ASU 2016-02, “Leases” (Topic 842). This update requires a lessee to recognize on the balance sheet a liability to make lease payments and a corresponding right-of-use asset. The guidance also requires certain qualitative and quantitative disclosures about the amount, timing and uncertainty of cash flows arising from leases. This update is effective for annual and interim periods beginning after December 15, 2018, which will require us to adopt these provisions in the first quarter of fiscal 2019 using a modified retrospective approach. Early adoption is permitted. The Company is currently evaluating the effect of the standard on its ongoing financial reporting but expects that the adoption of ASU 2016-02 will result in an increase to its long-term assets and liabilities on the condensed consolidated balance sheet. In March 2016, the FASB issued ASU 2016-09, “Compensation – Stock Compensation (Topic 718).” This update was issued as part of the FASB’s simplification initiative and affects all entities that issue share-based payment awards to their employees. The amendments in this update cover such areas as the recognition of excess tax benefits and deficiencies, the classification of those excess tax benefits on the statement of cash flows, an accounting policy election for forfeitures, the amount an employer can withhold to cover income taxes and still qualify for equity classification and the classification of those taxes paid on the statement of cash flows. This update is effective for annual and interim periods beginning after December 15, 2016, which will require us to adopt these provisions in the first quarter of fiscal 2017. This guidance will be applied either prospectively, retrospectively or using a modified retrospective transition method, depending on the area covered in this update. Early adoption is permitted. We will adopt the new standard in the first quarter of fiscal year 2017. We anticipate that the primary impact to our financial statements will be the recognition of excess tax benefits and deficiencies as income tax benefits or expense on our income statement in the period they are deducted on the income tax return. In addition, the cash flows related to excess tax benefits and deficiencies will be recorded as an operating activity on our statement of cash flows.

Note 2 - Mitchell's Restaurants

Note 2 - Mitchell's Restaurants	9 Months Ended
	Sep. 25, 2016
Mitchells Restaurants [Member]
Notes to Financial Statements
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	(2) Mitchell’s Restaurants In November 2014, the Company, Landry’s, Inc. and Mitchell’s Entertainment, Inc., an affiliate of Landry’s Inc. (together with Landry’s Inc., Landry’s), entered into an asset purchase agreement (the Agreement). Pursuant to the Agreement, the Company agreed to sell the Mitchell’s Restaurants and related assets to Landry’s for $10 million. The sale of the Mitchell’s Restaurants closed on January 21, 2015. The assets sold consisted primarily of leasehold interests, leasehold improvements, restaurant equipment and furnishings, inventory, and related intangible assets, including brand names and trademarks associated with the 21 Mitchell’s Restaurants. The results of operations of the Mitchell’s Restaurants have been classified as discontinued operations in the consolidated statements of income for all periods presented. No amounts for shared general and administrative costs or interest expense were allocated to discontinued operations. Substantially all direct cash flows related to operating these restaurants were eliminated on the closing date of the sale. The Company’s continuing involvement was limited to the provision of transition services for four months with minimal impact on cash flows. Under the terms of the Agreement, Landry’s assumed the Mitchell’s Restaurants’ facility lease obligations and the Company reimbursed Landry’s for gift cards that were sold prior to the closing date and were used at the Mitchell’s Restaurants during the eighteen months following the closing date. In the Agreement, the Company and Landry’s made customary representations and warranties and agreed to customary covenants relating to the sale of the Mitchell’s Restaurants. The Company and Landry’s agreed to indemnify each other for losses arising from certain breaches of the Agreement and for certain other liabilities. The Company guaranteed Landry’s lease obligations aggregating $36.0 million under nine of the Mitchell’s Restaurants’ leases. The Company did not record a financial accounting liability for the lease guarantees, because the likelihood of Landry’s defaulting on the lease agreements was deemed to be remote. Landry’s also indemnified the Company in the event of a default under any of the leases.
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	(3) Discontinued Operations The Company accounts for its closed restaurants in accordance with the provisions of FASB ASC Topic 360-10, “Property, Plant and Equipment.” As of December 29, 2014, the Company adopted ASU 2014-08, “Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity,” which changed the criteria for reporting discontinued operations and requires additional disclosures about discontinued operations. ASU 2014-08 requires that an entity report as a discontinued operation only a disposal that represents a strategic shift in operations that has a major effect on its operations and financial results. Therefore, individual restaurants which are closed after December 28, 2014 will not be classified as discontinued operations. Prior to the Company’s adoption of ASU 2014-08, when a restaurant was closed or the restaurant was either held for sale or abandoned, the restaurant’s operations were eliminated from the ongoing operations. Accordingly, the operations of such restaurants, net of applicable income taxes, are presented as discontinued operations and prior period operations of such restaurants, net of applicable income taxes, were reclassified. For the thirteen and thirty-nine week periods ended September 25, 2016 and September 27, 2015, all restaurant sales, direct costs and expenses and income taxes attributable to restaurants classified as discontinued operations have been aggregated to a single caption entitled income (loss) from discontinued operations, net of income taxes in the condensed consolidated statements of income for all periods presented. Income (loss) from discontinued operations, net of income taxes is comprised of the following (in thousands): 13 Weeks Ended 39 Weeks Ended September 25, September 27, September 25, September 27, 2016 2015 2016 2015 Revenues Mitchell's Restaurants $ - $ - $ - $ 4,343 Other Restaurants - - - (3 ) Total revenues - - - 4,340 Costs and expenses Mitchell's Restaurants (448 ) 90 (408 ) 5,227 Other Restaurants 325 34 562 148 Total costs and expenses (123 ) 124 154 5,375 Income (loss) before income taxes 123 (124 ) (154 ) (1,035 ) Income tax expense (benefit) 48 (51 ) (60 ) (453 ) Income (loss) from discontinued operations, net of income taxes $ 75 $ (73 ) $ (94 ) $ (582 ) Cash flows from discontinued operations are combined with the cash flows from continuing operations within each of the categories on our condensed consolidated statements of cash flows. The income in the third quarter of fiscal year 2016 was primarily attributable to a $466 thousand benefit from the extinguishment of a liability related to Mitchell’s Restaurant gift cards. The Other Restaurant expense is primarily attributable to occupancy costs of $335 thousand from a closed Ruth’s Chris Steak House restaurant. We do not anticipate that the sale of the Mitchell’s Restaurants or any of our closed restaurants reported as discontinued operations will have a material impact on the Company’s cash flow during fiscal year 2016.

Note 3 - Discontinued Operation

Note 3 - Discontinued Operations	9 Months Ended
	Sep. 25, 2016
Mitchells Restaurants [Member]
Notes to Financial Statements
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	(2) Mitchell’s Restaurants In November 2014, the Company, Landry’s, Inc. and Mitchell’s Entertainment, Inc., an affiliate of Landry’s Inc. (together with Landry’s Inc., Landry’s), entered into an asset purchase agreement (the Agreement). Pursuant to the Agreement, the Company agreed to sell the Mitchell’s Restaurants and related assets to Landry’s for $10 million. The sale of the Mitchell’s Restaurants closed on January 21, 2015. The assets sold consisted primarily of leasehold interests, leasehold improvements, restaurant equipment and furnishings, inventory, and related intangible assets, including brand names and trademarks associated with the 21 Mitchell’s Restaurants. The results of operations of the Mitchell’s Restaurants have been classified as discontinued operations in the consolidated statements of income for all periods presented. No amounts for shared general and administrative costs or interest expense were allocated to discontinued operations. Substantially all direct cash flows related to operating these restaurants were eliminated on the closing date of the sale. The Company’s continuing involvement was limited to the provision of transition services for four months with minimal impact on cash flows. Under the terms of the Agreement, Landry’s assumed the Mitchell’s Restaurants’ facility lease obligations and the Company reimbursed Landry’s for gift cards that were sold prior to the closing date and were used at the Mitchell’s Restaurants during the eighteen months following the closing date. In the Agreement, the Company and Landry’s made customary representations and warranties and agreed to customary covenants relating to the sale of the Mitchell’s Restaurants. The Company and Landry’s agreed to indemnify each other for losses arising from certain breaches of the Agreement and for certain other liabilities. The Company guaranteed Landry’s lease obligations aggregating $36.0 million under nine of the Mitchell’s Restaurants’ leases. The Company did not record a financial accounting liability for the lease guarantees, because the likelihood of Landry’s defaulting on the lease agreements was deemed to be remote. Landry’s also indemnified the Company in the event of a default under any of the leases.
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	(3) Discontinued Operations The Company accounts for its closed restaurants in accordance with the provisions of FASB ASC Topic 360-10, “Property, Plant and Equipment.” As of December 29, 2014, the Company adopted ASU 2014-08, “Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity,” which changed the criteria for reporting discontinued operations and requires additional disclosures about discontinued operations. ASU 2014-08 requires that an entity report as a discontinued operation only a disposal that represents a strategic shift in operations that has a major effect on its operations and financial results. Therefore, individual restaurants which are closed after December 28, 2014 will not be classified as discontinued operations. Prior to the Company’s adoption of ASU 2014-08, when a restaurant was closed or the restaurant was either held for sale or abandoned, the restaurant’s operations were eliminated from the ongoing operations. Accordingly, the operations of such restaurants, net of applicable income taxes, are presented as discontinued operations and prior period operations of such restaurants, net of applicable income taxes, were reclassified. For the thirteen and thirty-nine week periods ended September 25, 2016 and September 27, 2015, all restaurant sales, direct costs and expenses and income taxes attributable to restaurants classified as discontinued operations have been aggregated to a single caption entitled income (loss) from discontinued operations, net of income taxes in the condensed consolidated statements of income for all periods presented. Income (loss) from discontinued operations, net of income taxes is comprised of the following (in thousands): 13 Weeks Ended 39 Weeks Ended September 25, September 27, September 25, September 27, 2016 2015 2016 2015 Revenues Mitchell's Restaurants $ - $ - $ - $ 4,343 Other Restaurants - - - (3 ) Total revenues - - - 4,340 Costs and expenses Mitchell's Restaurants (448 ) 90 (408 ) 5,227 Other Restaurants 325 34 562 148 Total costs and expenses (123 ) 124 154 5,375 Income (loss) before income taxes 123 (124 ) (154 ) (1,035 ) Income tax expense (benefit) 48 (51 ) (60 ) (453 ) Income (loss) from discontinued operations, net of income taxes $ 75 $ (73 ) $ (94 ) $ (582 ) Cash flows from discontinued operations are combined with the cash flows from continuing operations within each of the categories on our condensed consolidated statements of cash flows. The income in the third quarter of fiscal year 2016 was primarily attributable to a $466 thousand benefit from the extinguishment of a liability related to Mitchell’s Restaurant gift cards. The Other Restaurant expense is primarily attributable to occupancy costs of $335 thousand from a closed Ruth’s Chris Steak House restaurant. We do not anticipate that the sale of the Mitchell’s Restaurants or any of our closed restaurants reported as discontinued operations will have a material impact on the Company’s cash flow during fiscal year 2016.

Note 4 - Long-term Debt

Note 4 - Long-term Debt	9 Months Ended
	Sep. 25, 2016
Notes to Financial Statements
Debt Disclosure [Text Block]	(4) Long-term Debt Long-term debt consists of the following (in thousands): September 25, December 27, 2016 2015 Senior Credit Facility: Revolving credit facility $ 38,000 $ - Less current maturities 38,000 - $ - $ - As of September 25, 2016, the Company had $38.0 million of outstanding indebtedness under its senior credit facility with approximately $57.9 million of borrowings available, net of outstanding letters of credit of approximately $4.1 million. As of September 25, 2016, the weighted average interest rate on the Company’s outstanding indebtedness was 2.66%. In addition, the fees on the Company’s unused senior credit facility and outstanding letters of credit were 0.2% and 2.1%, respectively. On February 14, 2012, the Company entered into a Second Amended and Restated Credit Agreement with Wells Fargo Bank, as administrative agent, and certain other lenders (the Amended and Restated Credit Agreement). The Amended and Restated Credit Agreement allows for loan advances plus outstanding letters of credit of up to $100 million to be outstanding at any time that the conditions for borrowings are met. The Amended and Restated Credit Agreement has a maturity date of February 14, 2017. The Company is currently negotiating with lenders to refinance its senior credit facility prior to its maturity. The Amended and Restated Credit Agreement sets the interest rates applicable to borrowings based on the Company’s actual leverage ratio, ranging (a) from 2.00% to 2.75% above the applicable LIBOR rate or (b) at the Company’s option, from 1.00% to 1.75% above the applicable base rate. The Amended and Restated Credit Agreement contains customary covenants and restrictions, including, but not limited to: (1) prohibitions on incurring additional indebtedness and from guaranteeing obligations of others; (2) prohibitions on creating, incurring, assuming or permitting to exist any lien on or with respect to any property or asset; (3) limitations on the Company’s ability to enter into joint ventures, acquisitions, and other investments; (4) prohibitions on directly or indirectly creating or becoming liable with respect to certain contingent liabilities; and (5) restrictions on directly or indirectly declaring, ordering, paying, or making any restricted junior payments. The Amended and Restated Credit Agreement requires the Company to maintain a fixed charge coverage ratio of 1.25:1.00 and the maximum leverage ratio of 2.50:1.00. The agreement was amended in September 2016 to reset the limit applicable to junior stock payments, which include both cash dividend payments and repurchase of common and preferred stock. Under the amended agreement, junior stock payments made subsequent to December 30, 2012 through the end of the agreement are limited to $140 million; $105.9 million of such payments had been made as of September 25, 2016. The Company’s obligations under the Amended and Restated Credit Agreement are guaranteed by each of its existing and future subsidiaries and are secured by substantially all of its assets and a pledge of the capital stock of its subsidiaries. The Amended and Restated Credit Agreement includes customary events of default. As of September 25, 2016, the Company was in compliance with the covenants under the Amended and Restated Credit Agreement.

Note 5 - Shareholders' Equity

Note 5 - Shareholders' Equity	9 Months Ended
	Sep. 25, 2016
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	(5) Shareholders’ Equity In April 2016, we announced that our Board of Directors approved a new share repurchase program under which the Company is authorized to repurchase up to $60 million of outstanding common stock from time to time. The new share repurchase program replaces the previous share repurchase program announced in November 2014, which has been terminated. During the first thirty-nine weeks of fiscal year 2016, 2,476,865 shares were repurchased at an aggregate cost of $40.0 million, or an average cost of $16.14 per share. Share repurchases were accounted for under the cost method and all repurchased shares were retired and cancelled. The excess of the purchase price over the par value of the shares was recorded as a reduction in additional paid-in capital. The Company’s Board of Directors declared the following dividends during the periods presented (amounts in thousands, except per share amounts): Declaration Date Dividend per Share Record Date Total Amount Payment Date Fiscal Year 2016: February 12, 2016 $ 0.07 February 25, 2016 $ 2,350 March 10, 2016 April 28, 2016 $ 0.07 May 12, 2016 $ 2,338 May 26, 2016 July 29, 2016 $ 0.07 August 11, 2016 $ 2,282 August 25, 2016 Fiscal Year 2015: February 13, 2015 $ 0.06 February 26, 2015 $ 2,082 March 12, 2015 April 21, 2015 $ 0.06 May 14, 2015 $ 2,090 May 28, 2015 July 22, 2015 $ 0.06 August 13, 2015 $ 2,108 August 27, 2015 Subsequent to the end of the third quarter of fiscal year 2016, the Company’s Board of Directors declared a regular quarterly cash dividend of $0.07 per common and restricted share, or approximately $2.2 million in the aggregate based on the number of shares currently outstanding, payable on November 23, 2016 to stockholders of record as of the close of business on November 10, 2016. Outstanding unvested restricted stock is not included in common stock outstanding amounts. Restricted stock outstanding as of September 25, 2016 aggregated 1,249,169 shares.

Note 6 - Fair Value Measurement

Note 6 - Fair Value Measurements	9 Months Ended
	Sep. 25, 2016
Notes to Financial Statements
Fair Value, Measurement Inputs, Disclosure [Text Block]	(6) Fair Value Measurements The carrying amounts of cash and cash equivalents, receivables, prepaid expenses, accounts payable and accrued expenses and other current liabilities are reasonable estimates of their fair values due to their short duration. Borrowings classified as current and long-term debt as of September 25, 2016 and December 27, 2015 have variable interest rates that reflect currently available terms and conditions for similar debt. The carrying amount of this debt is a reasonable estimate of its fair value (Level 2). As of September 25, 2016 and December 27, 2015, the Company had no assets or liabilities measured on a recurring or nonrecurring basis subject to the disclosure requirements of “Fair Value Measurements and Disclosures,” FASB ASC Topic 820.

Note 7 - Segment Information

Note 7 - Segment Information	9 Months Ended
	Sep. 25, 2016
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	(7) Segment Information The Company has two reportable segments – the Company-owned steakhouse segment and the franchise operations segment. The Company does not rely on any major customers as a source of revenue. The Company-owned Ruth’s Chris Steak House restaurants, all of which are located in North America, operate within the full-service dining industry, providing similar products to similar customers. Revenues are derived principally from food and beverage sales. As of September 25, 2016, (i) the Company-owned steakhouse restaurant segment included 68 Ruth’s Chris Steak House restaurants and one Ruth’s Chris Steak House restaurant operating under a management agreement and (ii) the franchise operations segment included 80 franchisee-owned Ruth’s Chris Steak House restaurants. Segment profits for the Company-owned steakhouse restaurant segments equal segment revenues less segment expenses. Segment revenues for the Company-owned steakhouse restaurants include restaurant sales, management agreement income and other restaurant income. Gift card breakage revenue is not allocated to operating segments. Not all operating expenses are allocated to operating segments. Segment expenses for the Company-owned steakhouse segment include food and beverage costs and restaurant operating expenses. No other operating costs are allocated to the segments for the purpose of determining segment profits because such costs are not directly related to the operation of individual restaurants. The accounting policies applicable to each segment are consistent with the policies used to prepare the consolidated financial statements. The profit of the franchise operations segment equals franchise income, which consists of franchise royalty fees and franchise opening fees. No costs are allocated to the franchise operations segment. Segment information related to the Company’s two reportable business segments follows (in thousands): 13 Weeks Ended 39 Weeks Ended September 25, September 27, September 25, September 27, 2016 2015 2016 2015 Revenues: Company-owned steakhouse restaurants $ 79,360 $ 75,815 $ 263,907 $ 254,819 Franchise operations 3,928 3,965 12,463 12,103 Unallocated other revenue and revenue discounts, net 486 512 1,948 1,763 Total revenues $ 83,774 $ 80,292 $ 278,318 $ 268,685 Segment profits: Company-owned steakhouse restaurants $ 15,088 $ 12,785 $ 58,859 $ 55,562 Franchise operations 3,928 3,965 12,463 12,103 Total segment profit 19,016 16,750 71,322 67,665 Unallocated operating income 486 512 1,948 1,763 Marketing and advertising expenses (2,546 ) (2,312 ) (7,134 ) (6,352 ) General and administrative costs (7,346 ) (7,442 ) (22,068 ) (21,334 ) Depreciation and amortization expenses (3,435 ) (3,241 ) (9,907 ) (9,347 ) Pre-opening costs (574 ) (112 ) (1,665 ) (627 ) Interest expense, net (333 ) (188 ) (799 ) (588 ) Other income (92 ) 9 60 40 Income from continuing operations before income tax expense $ 5,176 $ 3,976 $ 31,757 $ 31,220 Capital expenditures: Company-owned steakhouse restaurants $ 5,238 $ 6,376 $ 18,351 $ 13,646 Corporate assets 387 97 743 723 Mitchell's Restaurants - - - 225 Total capital expenditures $ 5,625 $ 6,473 $ 19,094 $ 14,594 September 25, December 27, 2016 2015 Total assets: Company-owned steakhouse restaurants $ 168,661 $ 165,353 Franchise operations 1,954 2,444 Corporate assets - unallocated 8,474 11,241 Deferred income taxes - unallocated 13,244 19,309 Mitchell's Restaurants - 250 Total assets $ 192,333 $ 198,597

Note 8 - Stock-based Employee C

Note 8 - Stock-based Employee Compensation	9 Months Ended
	Sep. 25, 2016
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	(8) Stock-Based Employee Compensation Under the Amended and Restated 2005 Equity Incentive Plan, at September 25, 2016, there were 162,303 shares of common stock issuable upon exercise of currently outstanding options, 1,249,169 currently outstanding unvested restricted stock awards and 1,876,196 shares available for future grants. During the first thirty-nine weeks of fiscal year 2016, the Company issued 376,423 restricted stock awards to directors, officers and other employees of the Company. Of the 376,423 restricted stock awards issued during the first thirty-nine weeks of fiscal year 2016, 45,211 shares will vest in fiscal year 2017, 191,002 shares will vest in fiscal year 2018 and 140,210 shares will vest in fiscal year 2019. Total stock compensation expense recognized during the first thirty-nine weeks of fiscal years 2016 and 2015 was $4.3 million and $2.8 million, respectively.

Note 9 - Income Taxes

Note 9 - Income Taxes	9 Months Ended
	Sep. 25, 2016
Notes to Financial Statements
Income Tax Disclosure [Text Block]	(9) Income Taxes Income tax expense differs from amounts computed by applying the federal statutory income tax rate to income from continuing operations before income taxes as follows: 39 Weeks Ended September 25, September 27, 2016 2015 Income tax expense at statutory rates 35.0 % 35.0 % Increase (decrease) in income taxes resulting from: State income taxes, net of federal benefit 4.2 % 4.5 % Federal employment tax credits (7.1% ) (7.2% ) Other 0.7 % 0.2 % Effective tax rate 32.8 % 32.5 % The Company utilizes the federal FICA tip credit to reduce its periodic federal income tax expense. A restaurant company employer may claim a credit against the company’s federal income taxes for FICA taxes paid on certain tip wages (the FICA tip credit). The credit against income tax liability is for the full amount of eligible FICA taxes. Employers cannot deduct from taxable income the amount of FICA taxes taken into account in determining the credit. Income taxes applicable to discontinued operations are comprised of (a) taxes calculated at the composite federal and state statutory tax rate times the pre-tax loss plus (b) the FICA tip credit benefit attributable to the restaurant sales of the Mitchell’s Restaurants. A reconciliation of the U.S. statutory tax rate to the effective tax rate applicable to discontinued operations for the first thirty-nine weeks of fiscal years 2016 and 2015 follows: 39 Weeks Ended September 25, September 27, 2016 2015 Income tax benefit at statutory rates $ (54 ) $ (362 ) Decrease in income taxes resulting from: State income taxes, net of federal benefit (6 ) (47 ) Other, primarily federal FICA tip credit net benefit - (44 ) Income tax benefit $ (60 ) $ (453 ) Effective tax rate 38.9 % 43.7 % The Company files consolidated and separate income tax returns in the United States federal jurisdiction and many state jurisdictions, respectively. With few exceptions, the Company is no longer subject to U.S. federal or state income tax examinations for years before 2011.

Note 10 - Earnings Per Share

Note 10 - Earnings Per Share	9 Months Ended
	Sep. 25, 2016
Notes to Financial Statements
Earnings Per Share [Text Block]	(10) Earnings Per Share The following table sets forth the computation of earnings per share (amounts in thousands, except share and per share amounts): 13 Weeks Ended 39 Weeks Ended September 25, September 27, September 25, September 27, 2016 2015 2016 2015 Income from continuing operations $ 3,508 $ 2,638 $ 21,347 $ 21,075 Income (loss) from discontinued operations, net of income taxes 75 (73 ) (94 ) (582 ) Net income $ 3,583 $ 2,565 $ 21,253 $ 20,493 Shares: Weighted average number of common shares outstanding - basic 31,305,952 33,989,364 32,023,814 34,183,137 Weighted average number of common shares outstanding - diluted 31,737,036 34,338,440 32,437,142 34,537,553 Basic earnings (loss) per common share: Continuing operations $ 0.11 $ 0.08 $ 0.67 $ 0.62 Discontinued operations - - - (0.02 ) Basic earnings per common share $ 0.11 $ 0.08 $ 0.67 $ 0.60 Diluted earnings (loss) per common share: Continuing operations $ 0.11 $ 0.08 $ 0.66 $ 0.61 Discontinued operations - - - (0.02 ) Diluted earnings per common share $ 0.11 $ 0.08 $ 0.66 $ 0.59 Diluted earnings per share for the third quarters of fiscal year 2016 and 2015 excludes stock options and restricted shares of 31,845 and 33,853, respectively, which were outstanding during the period but were anti-dilutive. The weighted average exercise prices of the anti-dilutive stock options for the third quarters of fiscal years 2016 and 2015 were $19.14 per share and $18.92 per share, respectively. Diluted earnings per share for the first thirty-nine weeks of fiscal years 2016 and 2015 excludes stock options and restricted shares of 24,981 and 65,367, respectively, which were outstanding during the period but were anti-dilutive. The weighted average exercise prices of the anti-dilutive stock options for the first thirty-nine weeks of fiscal years 2016 and 2015 were $19.04 per share and $18.77 per share, respectively.

Note 11 - Commitments and Conti

Note 11 - Commitments and Contingencies	9 Months Ended
	Sep. 25, 2016
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	(11) Commitments and Contingencies The Company is subject to various claims, possible legal actions and other matters arising in the normal course of business. Management does not expect disposition of these other matters to have a material adverse effect on the financial position, results of operations or liquidity of the Company. The Company expenses legal fees as incurred. The legislation and regulations related to tax and unclaimed property matters are complex and subject to varying interpretations by both government authorities and taxpayers. The Company remits a variety of taxes and fees to various governmental authorities, including excise taxes, property taxes, sales and use taxes, and payroll taxes. The taxes and fees remitted by the Company are subject to review and audit by the applicable governmental authorities which could assert claims for additional assessments. Although management believes that the tax positions are reasonable and consequently there are no accrued liabilities for claims which may be asserted, various taxing authorities may challenge certain of the positions taken by the Company which may result in additional liability for taxes and interest. These tax positions are reviewed periodically based on the availability of new information, the lapsing of applicable statutes of limitations, the conclusion of tax audits, the identification of new tax contingencies, or the rendering of relevant court decisions. An unfavorable resolution of assessments by a governmental authority could negatively impact the Company’s results of operations and cash flows in future periods. The Company is subject to unclaimed or abandoned property (escheat) laws which require the Company to turn over to certain state governmental authorities the property of others held by the Company that has been unclaimed for specified periods of time. The Company is subject to audit by individual U.S. states with regard to its escheatment practices. The Company sells a considerable number of gift cards, which are issued and administered by a third party gift card issuer and service provider, consistent with common retail industry practice. The third party gift card issuer is paid a net fee for its services by the Company. The third party gift card issuer and service provider, as well as a number of other restaurant companies, retailers and gift card issuers, were named as defendants in an action filed under seal in June 2013 by William French on behalf of the State of Delaware in the Superior Court of Delaware in and for New Castle County. The complaint alleges that the Company and other defendants intentionally failed to report and remit money with respect to unused gift cards to the State of Delaware under the Delaware Escheats Law, and knowingly made, used or caused to be made or used, false statements and records to conceal, avoid or decrease an obligation to pay or transmit such money to Delaware in violation of the Delaware False Claims and Reporting Act (DFCRA). The complaint further alleges that the amount of money that the Company should have escheated to Delaware is approximately $30 million. The complaint seeks monetary damages (including treble damages under the DFCRA), penalties, and attorneys’ fees and costs. The case was unsealed in March 2014, at which time the court also granted the State of Delaware’s motion to intervene. All parties to the case are now in the process of seeking discovery. Mediation between all defendants and the State of Delaware was held in mid-October 2016. The Company filed a motion to dismiss in August 2016, and a hearing on the motion to dismiss was held in late October 2016. The motion to dismiss is currently pending. The Company believes it is in compliance with the Delaware Escheats Law and has not violated the DFCRA. The Company has been vigorously defending the action, and intends to continue to do so. The Company currently buys a majority of its beef from two suppliers. Although there are a limited number of beef suppliers, management believes that other suppliers could provide similar product on comparable terms. A change in suppliers, however, could cause supply shortages and a possible loss of sales, which would affect operating results adversely.

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 25, 2016
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	The accompanying unaudited condensed consolidated financial statements of Ruth’s Hospitality Group, Inc. and its subsidiaries (collectively, the Company) as of September 25, 2016 and December 27, 2015 and for the thirteen and thirty-nine week periods ended September 25, 2016 and September 27, 2015 have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (the SEC). The condensed consolidated financial statements include the financial statements of Ruth’s Hospitality Group, Inc. and its wholly owned subsidiaries. All inter-company balances and transactions have been eliminated in consolidation. Ruth’s Hospitality Group, Inc. is a restaurant company focused on the upscale dining segment. Ruth’s Hospitality Group, Inc. operates Company-owned Ruth’s Chris Steak House restaurants and sells franchise rights to Ruth’s Chris Steak House franchisees giving the franchisees the exclusive right to operate similar restaurants in a particular area designated in the franchise agreement. As of September 25, 2016, there were 149 Ruth’s Chris Steak House restaurants, including 68 Company-owned restaurants, one restaurant operating under a management agreement and 80 franchisee-owned restaurants, including 20 international franchisee-owned restaurants in Aruba, Canada, China, Hong Kong, Indonesia, Japan, Mexico, Panama, Singapore, Taiwan and the United Arab Emirates. All Company-owned restaurants are located in the United States. New Company-owned Ruth’s Chris Steak House restaurants opened in El Paso, TX in August 2016 and in Albuquerque, NM in May 2016 and a new franchisee-owned Ruth’s Chris Steak House restaurant opened in Jakarta, Indonesia in February 2016. Subsequent to September 25, 2016, new franchisee-owned Ruth’s Chris Steak House restaurants opened in Odenton, MD and Greenville, SC. A Company-owned Ruth’s Chris Steak House in Columbus, OH closed in February 2016. The Company previously operated eighteen Mitchell’s Fish Markets and three Mitchell’s/Cameron’s Steakhouse restaurants (collectively, the Mitchell’s Restaurants), located primarily in the Midwest and Florida. On January 21, 2015, the Company sold the Mitchell’s Restaurants to a third party (see Note 2). For financial statement reporting purposes, the Mitchell’s Restaurants are classified as a discontinued operation for all periods presented. The information furnished herein reflects all adjustments (consisting of normal recurring accruals and adjustments), which are, in the opinion of management, necessary to fairly present the operating results for the respective periods. The interim results of operations for the periods ended September 25, 2016 and September 27, 2015 are not necessarily indicative of the results that may be achieved for the full year. Certain information and footnote disclosures normally presented in annual financial statements prepared in accordance with U.S. generally accepted accounting principles have been condensed or omitted pursuant to the SEC’s rules and regulations. These financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 27, 2015. The Company operates on a 52- or 53-week fiscal year ending on the last Sunday in December. The fiscal quarters ended September 25, 2016 and September 27, 2015 each contained thirteen weeks and are referred to herein as the third quarter of fiscal year 2016 and the third quarter of fiscal year 2015, respectively. Fiscal years 2016 and 2015 are both 52-week years.
Use of Estimates, Policy [Policy Text Block]	Estimates Management of the Company has 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 condensed consolidated financial statements and the reporting of revenue and expenses during the periods to prepare these condensed consolidated financial statements in conformity with U.S. generally accepted accounting principles. Significant items subject to such estimates and assumptions include the carrying amounts of property and equipment, goodwill, franchise rights, and obligations related to gift cards, incentive compensation, workers’ compensation and medical insurance. Actual results could differ from those estimates.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements for Future Application In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, “Revenue from Contracts with Customers,” (Topic 606), as amended by multiple standards updates. The ASU requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers, and will replace most existing revenue recognition guidance in U.S. generally accepted accounting principles when it becomes effective. The new standard is effective for interim and annual periods in fiscal years beginning after December 15, 2017. Early application is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU 2014-09 will have on its consolidated financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the standard on its ongoing financial reporting. In July 2015, the FASB issued ASU No. 2015-11, “Inventory (Topic 330).” The pronouncement was issued to simplify the measurement of inventory and changes the measurement from lower of cost or market to lower of cost and net realizable value. This pronouncement is effective for reporting periods beginning after December 15, 2016. The adoption of ASU 2015-11 is not expected to have a significant impact on the Company’s consolidated financial position or results of operations. In February 2016, the FASB issued ASU 2016-02, “Leases” (Topic 842). This update requires a lessee to recognize on the balance sheet a liability to make lease payments and a corresponding right-of-use asset. The guidance also requires certain qualitative and quantitative disclosures about the amount, timing and uncertainty of cash flows arising from leases. This update is effective for annual and interim periods beginning after December 15, 2018, which will require us to adopt these provisions in the first quarter of fiscal 2019 using a modified retrospective approach. Early adoption is permitted. The Company is currently evaluating the effect of the standard on its ongoing financial reporting but expects that the adoption of ASU 2016-02 will result in an increase to its long-term assets and liabilities on the condensed consolidated balance sheet. In March 2016, the FASB issued ASU 2016-09, “Compensation – Stock Compensation (Topic 718).” This update was issued as part of the FASB’s simplification initiative and affects all entities that issue share-based payment awards to their employees. The amendments in this update cover such areas as the recognition of excess tax benefits and deficiencies, the classification of those excess tax benefits on the statement of cash flows, an accounting policy election for forfeitures, the amount an employer can withhold to cover income taxes and still qualify for equity classification and the classification of those taxes paid on the statement of cash flows. This update is effective for annual and interim periods beginning after December 15, 2016, which will require us to adopt these provisions in the first quarter of fiscal 2017. This guidance will be applied either prospectively, retrospectively or using a modified retrospective transition method, depending on the area covered in this update. Early adoption is permitted. We will adopt the new standard in the first quarter of fiscal year 2017. We anticipate that the primary impact to our financial statements will be the recognition of excess tax benefits and deficiencies as income tax benefits or expense on our income statement in the period they are deducted on the income tax return. In addition, the cash flows related to excess tax benefits and deficiencies will be recorded as an operating activity on our statement of cash flows.

Note 3 - Discontinued Operati19

Note 3 - Discontinued Operations (Tables)	9 Months Ended
	Sep. 25, 2016
Notes Tables
Disposal Groups, Including Discontinued Operations [Table Text Block]	13 Weeks Ended 39 Weeks Ended September 25, September 27, September 25, September 27, 2016 2015 2016 2015 Revenues Mitchell's Restaurants $ - $ - $ - $ 4,343 Other Restaurants - - - (3 ) Total revenues - - - 4,340 Costs and expenses Mitchell's Restaurants (448 ) 90 (408 ) 5,227 Other Restaurants 325 34 562 148 Total costs and expenses (123 ) 124 154 5,375 Income (loss) before income taxes 123 (124 ) (154 ) (1,035 ) Income tax expense (benefit) 48 (51 ) (60 ) (453 ) Income (loss) from discontinued operations, net of income taxes $ 75 $ (73 ) $ (94 ) $ (582 )

Note 4 - Long-term Debt (Tables

Note 4 - Long-term Debt (Tables)	9 Months Ended
	Sep. 25, 2016
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	September 25, December 27, 2016 2015 Senior Credit Facility: Revolving credit facility $ 38,000 $ - Less current maturities 38,000 - $ - $ -

Note 5 - Shareholders' Equity (

Note 5 - Shareholders' Equity (Tables)	9 Months Ended
	Sep. 25, 2016
Notes Tables
Schedule of Dividends Payable [Table Text Block]	Declaration Date Dividend per Share Record Date Total Amount Payment Date Fiscal Year 2016: February 12, 2016 $ 0.07 February 25, 2016 $ 2,350 March 10, 2016 April 28, 2016 $ 0.07 May 12, 2016 $ 2,338 May 26, 2016 July 29, 2016 $ 0.07 August 11, 2016 $ 2,282 August 25, 2016 Fiscal Year 2015: February 13, 2015 $ 0.06 February 26, 2015 $ 2,082 March 12, 2015 April 21, 2015 $ 0.06 May 14, 2015 $ 2,090 May 28, 2015 July 22, 2015 $ 0.06 August 13, 2015 $ 2,108 August 27, 2015

Note 7 - Segment Information (T

Note 7 - Segment Information (Tables)	9 Months Ended
	Sep. 25, 2016
Notes Tables
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]	13 Weeks Ended 39 Weeks Ended September 25, September 27, September 25, September 27, 2016 2015 2016 2015 Revenues: Company-owned steakhouse restaurants $ 79,360 $ 75,815 $ 263,907 $ 254,819 Franchise operations 3,928 3,965 12,463 12,103 Unallocated other revenue and revenue discounts, net 486 512 1,948 1,763 Total revenues $ 83,774 $ 80,292 $ 278,318 $ 268,685 Segment profits: Company-owned steakhouse restaurants $ 15,088 $ 12,785 $ 58,859 $ 55,562 Franchise operations 3,928 3,965 12,463 12,103 Total segment profit 19,016 16,750 71,322 67,665 Unallocated operating income 486 512 1,948 1,763 Marketing and advertising expenses (2,546 ) (2,312 ) (7,134 ) (6,352 ) General and administrative costs (7,346 ) (7,442 ) (22,068 ) (21,334 ) Depreciation and amortization expenses (3,435 ) (3,241 ) (9,907 ) (9,347 ) Pre-opening costs (574 ) (112 ) (1,665 ) (627 ) Interest expense, net (333 ) (188 ) (799 ) (588 ) Other income (92 ) 9 60 40 Income from continuing operations before income tax expense $ 5,176 $ 3,976 $ 31,757 $ 31,220 Capital expenditures: Company-owned steakhouse restaurants $ 5,238 $ 6,376 $ 18,351 $ 13,646 Corporate assets 387 97 743 723 Mitchell's Restaurants - - - 225 Total capital expenditures $ 5,625 $ 6,473 $ 19,094 $ 14,594
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	September 25, December 27, 2016 2015 Total assets: Company-owned steakhouse restaurants $ 168,661 $ 165,353 Franchise operations 1,954 2,444 Corporate assets - unallocated 8,474 11,241 Deferred income taxes - unallocated 13,244 19,309 Mitchell's Restaurants - 250 Total assets $ 192,333 $ 198,597

Note 9 - Income Taxes (Tables)

Note 9 - Income Taxes (Tables)	9 Months Ended
	Sep. 25, 2016
Discontinued Operations [Member]
Notes Tables
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	39 Weeks Ended September 25, September 27, 2016 2015 Income tax benefit at statutory rates $ (54 ) $ (362 ) Decrease in income taxes resulting from: State income taxes, net of federal benefit (6 ) (47 ) Other, primarily federal FICA tip credit net benefit - (44 ) Income tax benefit $ (60 ) $ (453 ) Effective tax rate 38.9 % 43.7 %
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	39 Weeks Ended September 25, September 27, 2016 2015 Income tax expense at statutory rates 35.0 % 35.0 % Increase (decrease) in income taxes resulting from: State income taxes, net of federal benefit 4.2 % 4.5 % Federal employment tax credits (7.1% ) (7.2% ) Other 0.7 % 0.2 % Effective tax rate 32.8 % 32.5 %

Note 10 - Earnings Per Share (T

Note 10 - Earnings Per Share (Tables)	9 Months Ended
	Sep. 25, 2016
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	13 Weeks Ended 39 Weeks Ended September 25, September 27, September 25, September 27, 2016 2015 2016 2015 Income from continuing operations $ 3,508 $ 2,638 $ 21,347 $ 21,075 Income (loss) from discontinued operations, net of income taxes 75 (73 ) (94 ) (582 ) Net income $ 3,583 $ 2,565 $ 21,253 $ 20,493 Shares: Weighted average number of common shares outstanding - basic 31,305,952 33,989,364 32,023,814 34,183,137 Weighted average number of common shares outstanding - diluted 31,737,036 34,338,440 32,437,142 34,537,553 Basic earnings (loss) per common share: Continuing operations $ 0.11 $ 0.08 $ 0.67 $ 0.62 Discontinued operations - - - (0.02 ) Basic earnings per common share $ 0.11 $ 0.08 $ 0.67 $ 0.60 Diluted earnings (loss) per common share: Continuing operations $ 0.11 $ 0.08 $ 0.66 $ 0.61 Discontinued operations - - - (0.02 ) Diluted earnings per common share $ 0.11 $ 0.08 $ 0.66 $ 0.59

Note 1 - The Company and Basi25

Note 1 - The Company and Basis of Presentation (Details Textual)	1 Months Ended
	Oct. 27, 2016	May 31, 2016	Feb. 29, 2016	Sep. 25, 2016	Dec. 28, 2014
Ruths Chris Steak House [Member] | Entity Operated Units [Member] | Albuquerque, NM [Member]
Number of Restaurants Opened During Period		1
Ruths Chris Steak House [Member] | Entity Operated Units [Member] | Columbus, OH [Member]
Number of Restaurants Closed During Period			1
Ruths Chris Steak House [Member] | Entity Operated Units [Member]
Number of Restaurants				68
Ruths Chris Steak House [Member] | Franchised Units [Member] | Jakarta, Indonesia [Member]
Number of Restaurants Opened During Period			1
Ruths Chris Steak House [Member] | Franchised Units [Member] | Odenton, MD [Member] | Subsequent Event [Member]
Number of Restaurants Opened During Period	1
Ruths Chris Steak House [Member] | Franchised Units [Member] | Greenville, SC [Member] | Subsequent Event [Member]
Number of Restaurants Opened During Period	1
Ruths Chris Steak House [Member] | Franchised Units [Member] | International [Member]
Number of Restaurants				20
Ruths Chris Steak House [Member] | Franchised Units [Member]
Number of Restaurants				80
Ruths Chris Steak House [Member] | Managed [Member]
Number of Restaurants				1
Ruths Chris Steak House [Member]
Number of Restaurants				149
Mitchells Fish Market [Member] | Company-owned Fish Market Restaurants [Member]
Number of Restaurants					18
Camerons Mitchell Steak house [Member] | Company-owned Steakhouse Restaurants [Member]
Number of Restaurants					3

Note 2 - Mitchell's Restauran26

Note 2 - Mitchell's Restaurants (Details Textual)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 25, 2016USD ($)	Sep. 27, 2015USD ($)	Sep. 25, 2016USD ($)	Sep. 27, 2015USD ($)	Dec. 27, 2015USD ($)	Jan. 21, 2015	Nov. 30, 2014USD ($)
Mitchells Restaurants [Member]
General and Administrative Expense					$ 0
Interest Expense					$ 0
Disposal Group, Including Discontinued Operation, Consideration							$ 10,000,000
Number of Restaurants						21
General and Administrative Expense	$ 7,346,000	$ 7,442,000	$ 22,068,000	$ 21,334,000
Interest Expense	333,000	$ 188,000	799,000	$ 588,000
Lease Obligations Guaranteed	$ 36,000,000		$ 36,000,000

Note 3 - Discontinued Operati27

Note 3 - Discontinued Operations (Details Textual) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 25, 2016	Sep. 25, 2016
Mitchells Restaurants [Member]
Increase (Decrease) in Gift Card Liability	$ (466)	$ (466)
Ruths Chris Steak House [Member]
Occupancy Costs	$ 335	$ 335

Note 3 - Discontinued Operati28

Note 3 - Discontinued Operations - Summary of Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 25, 2016	Sep. 27, 2015	Sep. 25, 2016	Sep. 27, 2015
Mitchells Restaurants [Member]
Revenues				$ 4,343
Recurring costs and expenses	(448)	90	(408)	5,227
Other Restaurants [Member]
Revenues				(3)
Recurring costs and expenses	325	34	562	148
Revenues				4,340
Recurring costs and expenses	(123)	124	154	5,375
Income (loss) before income taxes	123	(124)	(154)	(1,035)
Income tax expense (benefit)	48	(51)	(60)	(453)
Income (loss) from discontinued operations, net of income taxes	$ 75	$ (73)	$ (94)	$ (582)

Note 4 - Long-term Debt (Detail

Note 4 - Long-term Debt (Details Textual) $ in Millions	Feb. 14, 2012USD ($)	Sep. 25, 2016USD ($)
Senior Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member] | Amended And Restated Credit Agreement [Member]
Debt Instrument, Basis Spread on Variable Rate	2.00%
Senior Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member] | Amended And Restated Credit Agreement [Member]
Debt Instrument, Basis Spread on Variable Rate	2.75%
Senior Credit Facility [Member] | Base Rate [Member] | Minimum [Member] | Amended And Restated Credit Agreement [Member]
Debt Instrument, Basis Spread on Variable Rate	1.00%
Senior Credit Facility [Member] | Base Rate [Member] | Maximum [Member] | Amended And Restated Credit Agreement [Member]
Debt Instrument, Basis Spread on Variable Rate	1.75%
Senior Credit Facility [Member]
Long-term Line of Credit		$ 38
Line of Credit Facility, Remaining Borrowing Capacity		$ 57.9
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage		0.20%
Letter of Credit [Member]
Letters of Credit Outstanding, Amount		$ 4.1
Long-term Debt, Weighted Average Interest Rate		2.66%
Line of Credit Facility, Interest Rate at Period End		2.10%
Line of Credit Facility, Maximum Borrowing Capacity	$ 100
Debt Instrument, Covenant, Fixed Charge Coverage Ratio		1.25
Debt Instrument, Covenant, Maximum Leverage Ratio		2.5
Debt Instrument Covenants on Cash Dividend Payments and Repurchases of Common or Preferred Stock		$ 140
Debt Covenant Limit Used for Cash Dividends and Repurchases of Common or Preferred Stock		$ 105.9

Note 4 - Long-term Debt - Summa

Note 4 - Long-term Debt - Summary of Long-term Debt (Details) - USD ($) $ in Thousands	Sep. 25, 2016	Dec. 27, 2015
Revolving credit facility	$ 38,000
Current portion of long-term debt	$ 38,000

Note 5 - Shareholders' Equity31

Note 5 - Shareholders' Equity (Details Textual) - USD ($) $ / shares in Units, $ in Millions	Nov. 10, 2016	Sep. 25, 2016	Sep. 27, 2015	Sep. 25, 2016	Sep. 27, 2015	Nov. 23, 2016	Apr. 30, 2016
The 2016 Share Repurchase Plan [Member]
Stock Repurchase Program, Authorized Amount							$ 60
Stock Repurchased and Retired During Period, Shares				2,476,865
Stock Repurchased and Retired During Period, Value				$ 40
Stock Repurchased and Retired During Period, Average Cost per Share				$ 16.14
Scenario, Forecast [Member]
Common Stock, Dividends, Per Share, Declared	$ 0.07
Dividends Payable, Current						$ 2.2
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number		1,249,169		1,249,169
Common Stock, Dividends, Per Share, Declared		$ 0.07	$ 0.06	$ 0.21	$ 0.18

Note 5 - Shareholders' Equity -

Note 5 - Shareholders' Equity - Dividends Declared (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 25, 2016	Sep. 27, 2015
Dividend Declared 1 [Member]
Declaration date	Feb. 12, 2016	Feb. 13, 2015
Dividend per share (in dollars per share)	$ 0.07	$ 0.06
Record date	Feb. 25, 2016	Feb. 26, 2015
Total amount	$ 2,350	$ 2,082
Payment date	Mar. 10, 2016	Mar. 12, 2015
Dividends Declared 2 [Member]
Declaration date	Apr. 28, 2016	Apr. 21, 2015
Dividend per share (in dollars per share)	$ 0.07	$ 0.06
Record date	May 12, 2016	May 14, 2015
Total amount	$ 2,338	$ 2,090
Payment date	May 26, 2016	May 28, 2015
Dividends Declared 3 [Member]
Declaration date	Jul. 29, 2016	Jul. 22, 2015
Dividend per share (in dollars per share)	$ 0.07	$ 0.06
Record date	Aug. 11, 2016	Aug. 13, 2015
Total amount	$ 2,282	$ 2,108
Payment date	Aug. 25, 2016	Aug. 27, 2015

Note 6 - Fair Value Measureme33

Note 6 - Fair Value Measurements (Details Textual) - USD ($)	Sep. 25, 2016	Dec. 27, 2015
Assets, Fair Value Disclosure, Recurring	$ 0	$ 0
Assets, Fair Value Disclosure, Nonrecurring	0	0
Liabilities, Fair Value Disclosure, Recurring	0	0
Liabilities, Fair Value Disclosure, Nonrecurring	$ 0	$ 0

Note 7 - Segment Information (D

Note 7 - Segment Information (Details Textual)	9 Months Ended
	Sep. 25, 2016
Ruths Chris Steak House [Member] | Entity Operated Units [Member]
Number of Restaurants	68
Ruths Chris Steak House [Member] | Managed [Member]
Number of Restaurants	1
Ruths Chris Steak House [Member] | Franchised Units [Member]
Number of Restaurants	80
Ruths Chris Steak House [Member]
Number of Restaurants	149
Number of Reportable Segments	2

Note 7 - Segment Information -

Note 7 - Segment Information - Operating Profit (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 25, 2016	Sep. 27, 2015	Sep. 25, 2016	Sep. 27, 2015
Operating Segments [Member] | Company-owned Steakhouse Restaurants [Member]
Revenues:
Revenues	$ 79,360	$ 75,815	$ 263,907	$ 254,819
Segment profits:
Gross profit	15,088	12,785	58,859	55,562
Capital expenditures:
Capital expenditure	5,238	6,376	18,351	13,646
Operating Segments [Member] | Franchise Operations [Member]
Revenues:
Revenues	3,928	3,965	12,463	12,103
Segment profits:
Gross profit	3,928	3,965	12,463	12,103
Segment Reconciling Items [Member]
Revenues:
Revenues	486	512	1,948	1,763
Segment profits:
Gross profit	19,016	16,750	71,322	67,665
Corporate, Non-Segment [Member]
Capital expenditures:
Capital expenditure	387	97	743	723
Mitchells Restaurants [Member]
Capital expenditures:
Capital expenditure				225
Revenues	83,774	80,292	278,318	268,685
Unallocated operating income	486	512	1,948	1,763
Marketing and advertising expenses	(2,546)	(2,312)	(7,134)	(6,352)
General and administrative costs	(7,346)	(7,442)	(22,068)	(21,334)
Depreciation and amortization expenses	(3,435)	(3,241)	(9,907)	(9,347)
Pre-opening costs	(574)	(112)	(1,665)	(627)
Interest expense, net	(333)	(188)	(799)	(588)
Other income	(92)	9	60	40
Income from continuing operations before income tax expense	5,176	3,976	31,757	31,220
Capital expenditure	$ 5,625	$ 6,473	$ 19,094	$ 14,594

Note 7 - Segment Information 36

Note 7 - Segment Information - Assets (Details) - USD ($) $ in Thousands	Sep. 25, 2016	Dec. 27, 2015
Operating Segments [Member] | Company-owned Steakhouse Restaurants [Member]
Assets	$ 168,661	$ 165,353
Operating Segments [Member] | Franchise Operations [Member]
Assets	1,954	2,444
Corporate, Non-Segment [Member]
Assets	8,474	11,241
Deferred income taxes - unallocated	13,244	19,309
Mitchells Restaurants [Member]
Assets		250
Assets	$ 192,333	$ 198,597

Note 8 - Stock-based Employee37

Note 8 - Stock-based Employee Compensation (Details Textual) - USD ($) $ in Millions	9 Months Ended
	Sep. 25, 2016	Sep. 27, 2015
Long-term Equity Incentive Plan 2005 [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	1,249,169
Long-term Equity Incentive Plan 2005 [Member] | Share-based Compensation Award, Tranche One [Member]
Stock Issued During Period, Shares, Restricted Stock Award, Gross	45,211
Long-term Equity Incentive Plan 2005 [Member] | Share-based Compensation Award, Tranche Two [Member]
Stock Issued During Period, Shares, Restricted Stock Award, Gross	191,002
Long-term Equity Incentive Plan 2005 [Member] | Share-based Compensation Award, Tranche Three [Member]
Stock Issued During Period, Shares, Restricted Stock Award, Gross	140,210
Long-term Equity Incentive Plan 2005 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	162,303
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	1,876,196
Stock Issued During Period, Shares, Restricted Stock Award, Gross	376,423
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	1,249,169
Allocated Share-based Compensation Expense	$ 4.3	$ 2.8

Note 9 - Income Taxes - Reconci

Note 9 - Income Taxes - Reconciliation of the U.S. Statutory Rate to the Effective Rate (Details)	9 Months Ended
	Sep. 25, 2016	Sep. 27, 2015
Income tax expense at statutory rates	35.00%	35.00%
Increase (decrease) in income taxes resulting from:
State income taxes, net of federal benefit	4.20%	4.50%
Federal employment tax credits	(7.10%)	(7.20%)
Other	0.70%	0.20%
Effective tax rate	32.80%	32.50%

Note 9 - Income Taxes - Income

Note 9 - Income Taxes - Income Tax Reconciliation Applicable to Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 25, 2016	Sep. 27, 2015	Sep. 25, 2016	Sep. 27, 2015
Discontinued Operations [Member]
Income tax benefit at statutory rates			$ (54)	$ (362)
State income taxes, net of federal benefit			(6)	(47)
Other, primarily federal FICA tip credit net benefit				(44)
Income tax benefit			$ (60)	$ (453)
Effective tax rate			38.90%	43.70%
Income tax benefit	$ 1,668	$ 1,338	$ 10,410	$ 10,145
Effective tax rate			32.80%	32.50%

Note 10 - Earnings Per Share (D

Note 10 - Earnings Per Share (Details Textual) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 25, 2016	Sep. 27, 2015	Sep. 25, 2016	Sep. 27, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	31,845	33,853	24,981	65,367
Weighted Average Exercise Prices Anti Dilutive Stock Options	$ 19.14	$ 18.92	$ 19.04	$ 18.77

Note 10 - Earnings Per Share -

Note 10 - Earnings Per Share - Computation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 25, 2016	Sep. 27, 2015	Sep. 25, 2016	Sep. 27, 2015
Income from continuing operations	$ 3,508	$ 2,638	$ 21,347	$ 21,075
Income (loss) from discontinued operations, net of income taxes	75	(73)	(94)	(582)
Net income	$ 3,583	$ 2,565	$ 21,253	$ 20,493
Shares used in computing net income (loss) per common share:
Weighted average number of common shares outstanding - basic (in shares)	31,305,952	33,989,364	32,023,814	34,183,137
Weighted average number of common shares outstanding - diluted (in shares)	31,737,036	34,338,440	32,437,142	34,537,553
Basic earnings (loss) per common share:
Continuing operations (in dollars per share)	$ 0.11	$ 0.08	$ 0.67	$ 0.62
Discontinued operations (in dollars per share)				(0.02)
Basic earnings per common share (in dollars per share)	0.11	0.08	0.67	0.60
Diluted earnings (loss) per common share:
Continuing operations (in dollars per share)	0.11	0.08	0.66	0.61
Discontinued operations (in dollars per share)				(0.02)
Diluted earnings per common share (in dollars per share)	$ 0.11	$ 0.08	$ 0.66	$ 0.59

Note 11 - Commitments and Con42

Note 11 - Commitments and Contingencies (Details Textual)	1 Months Ended
	Jun. 30, 2013USD ($)	Sep. 25, 2016
Loss Contingency, Damages Sought, Value	$ 30,000,000
Number of Suppliers		2