FoodFirst Global Restaurants (BBRG) 10-Q 6 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 27, 2015	Nov. 05, 2015
Document And Entity Information [Abstract]
Entity Registrant Name	Bravo Brio Restaurant Group, Inc.
Trading Symbol	BBRG
Entity Central Index Key	1,495,479
Current Fiscal Year End Date	--12-27
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 27, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		15,207,414

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 27, 2015	Dec. 28, 2014
Current assets
Cash and cash equivalents	$ 379	$ 427
Accounts receivable	6,781	7,079
Tenant improvement allowance receivable	1,227	1,613
Inventories	2,703	3,132
Deferred income taxes, net	3,799	3,459
Prepaid expenses and other current assets	1,212	2,179
Total current assets	16,101	17,889
Property and equipment — net	181,561	178,877
Deferred income taxes — net	50,252	50,872
Other assets — net	4,203	4,125
Total assets	252,117	251,763
Current liabilities
Trade and construction payables	14,007	13,238
Accrued expenses	23,780	25,975
Deferred lease incentives	8,048	7,694
Deferred gift card revenue	9,276	12,783
Total current liabilities	55,111	59,690
Deferred lease incentives	60,519	59,475
Long-term debt	51,500	56,000
Other long-term liabilities	$ 23,240	$ 22,814
Commitments and contingencies (Note 6)
Stockholders’ equity
Common shares, no par value per share— authorized 100,000,000 shares; 20,290,695 shares issued at September 27, 2015 and 20,177,174 shares issued at December 28, 2014	$ 200,399	$ 199,718
Preferred shares, no par value per share— authorized 5,000,000 shares; issued and outstanding, 0 shares at September 27, 2015 and December 28, 2014	0	0
Treasury shares, 5,083,281 shares at September 27, 2015 and December 28, 2014	(72,997)	(72,997)
Retained deficit	(65,655)	(72,937)
Total stockholders’ equity	61,747	53,784
Total liabilities and stockholders’ equity	$ 252,117	$ 251,763

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 27, 2015	Dec. 28, 2014
Common shares, par value	$ 0	$ 0
Common shares, share authorized	100,000,000	100,000,000
Common shares, share issued	20,290,695	20,177,174
Preferred shares, par value	$ 0	$ 0
Preferred shares, shares authorized	5,000,000	5,000,000
Preferred shares, shares issued	0	0
Preferred shares, shares outstanding	0	0
Treasury shares, shares	5,083,281	5,083,281

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 27, 2015	Sep. 28, 2014	Sep. 27, 2015	Sep. 28, 2014
Revenues	$ 98,294	$ 94,576	$ 316,709	$ 301,679
Costs and expenses
Cost of sales	24,463	25,038	79,905	78,799
Labor	36,274	34,643	114,271	107,902
Operating	16,905	16,292	52,445	49,370
Occupancy	7,913	6,965	24,012	21,433
General and administrative expenses	5,401	5,053	17,231	16,701
Restaurant preopening costs	628	668	2,383	1,694
Depreciation and amortization	5,637	5,054	16,532	15,099
Total costs and expenses	97,221	93,713	306,779	290,998
Income from operations	1,073	863	9,930	10,681
Interest expense, net	353	238	1,142	730
Income before income taxes	720	625	8,788	9,951
Income tax expense (benefit)	(190)	(514)	1,506	1,963
Net income	$ 910	$ 1,139	$ 7,282	$ 7,988
Net income per basic share	$ 0.06	$ 0.06	$ 0.48	$ 0.42
Net income per diluted share	$ 0.06	$ 0.06	$ 0.46	$ 0.40
Weighted average shares outstanding-basic	15,202,000	18,853,000	15,174,000	19,084,000
Weighted average shares outstanding-diluted	15,948,000	19,768,000	15,917,000	19,977,000

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - 9 months ended Sep. 27, 2015 - USD ($) $ in Thousands	Total	Common Shares	Retained Deficit	Treasury Stock
Beginning balance (in shares) at Dec. 28, 2014		20,177,174		(5,083,281)
Beginning balance at Dec. 28, 2014	$ 53,784	$ 199,718	$ (72,937)	$ (72,997)
Net income	7,282		7,282
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures	1,147	$ 1,147
Proceeds from the exercise of stock options, shares		46,236
Proceeds from the exercise of stock options	66	$ 66
Issuance of shares of restricted stock (in shares)		97,702
Issuance of shares of restricted stock	0	$ 0
Excess tax deficiency from share based payments, net	(126)	$ (126)
Shares Paid for Tax Withholding for Share Based Compensation		30,417
Payments Related to Tax Withholding for Share-based Compensation	406	$ 406
Ending balance (in shares) at Sep. 27, 2015		20,290,695		(5,083,281)
Ending balance at Sep. 27, 2015	$ 61,747	$ 200,399	$ (65,655)	$ (72,997)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 27, 2015	Sep. 28, 2014
Cash flows from operating activities:
Net income	$ 7,282	$ 7,988
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	16,594	15,380
Loss on disposals of property and equipment	539	360
Amortization of deferred lease incentives	(5,404)	(6,704)
Share-based Compensation	1,147	1,890
Deferred income taxes	280	1,119
Changes in assets and liabilities:
Accounts and tenant improvement allowance receivables	684	2,145
Inventories	429	280
Prepaid expenses and other current assets	967	3,800
Trade and construction payables	844	3,757
Deferred lease incentives	6,802	3,797
Deferred gift card revenue	(3,507)	(4,265)
Other accrued expenses	(2,321)	(2,322)
Other — net	265	(189)
Net cash provided by operating activities	24,601	27,036
Cash flows from investing activities:
Purchase of property and equipment	(19,809)	(19,831)
Net cash used in investing activities	(19,809)	(19,831)
Cash flows from financing activities:
Proceeds from Issuance of Debt	484,400	7,800
Payments on long-term debt	(488,900)	(9,087)
Proceeds from the exercise of stock options	66	52
Excess tax benefit related to share based payments	0	18
Shares withheld from restricted stock vesting for minimum tax withholdings	(406)	(308)
Repurchase of treasury shares	0	(12,974)
Net cash used in financing activities	(4,840)	(14,499)
Net decrease in cash and cash equivalents	(48)	(7,294)
Cash and cash equivalents — beginning of period	427	7,640
Cash and cash equivalents — end of period	379	346
Supplemental disclosures of cash flow information:
Interest paid	990	413
Income taxes paid	740	1,345
Property financed by trade and construction payables	$ 1,381	$ 2,305

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Sep. 27, 2015
Accounting Policies [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION Description of Business — As of September 27, 2015 , Bravo Brio Restaurant Group, Inc. (the “Company”) operated 116 restaurants under the trade names “Bravo! Cucina Italiana ® ,” “Brio Tuscan Grille ™ ,” and “Bon Vie ® .” Of the 116 restaurants the Company operates, there are 52 Bravo! Cucina Italiana ® restaurants, 63 Brio Tuscan Grille ™ restaurants and one Bon Vie ® restaurant in operation in 33 states throughout the United States of America. The Company owns all of its restaurants with the exception of one BRIO restaurant, which it operates under a management agreement and for which operation it receives a management fee. The accompanying unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information. Accordingly, they do not include all the information and disclosures required by GAAP for complete financial statements. The operating results included herein are not necessarily indicative of results for any other interim period or for the full fiscal year. Certain information and disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to applicable rules and regulations of the Securities and Exchange Commission (“SEC”). In the opinion of management, the unaudited consolidated financial statements include all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation. These unaudited consolidated financial statements and related condensed notes should be read in conjunction with the consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 28, 2014 filed with the SEC on March 6, 2015 (the “ 2014 Annual Report on Form 10-K”).

NET INCOME PER SHARE

NET INCOME PER SHARE	9 Months Ended
	Sep. 27, 2015shares
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	29,250
NET INCOME PER SHARE	NET INCOME PER SHARE Basic earnings per share (EPS) data is computed based on weighted average common shares outstanding during the period. Diluted EPS data is computed based on weighted average common shares outstanding, including all potentially issuable common shares. (in thousands, except per share data) Thirteen Weeks Ended Thirty-Nine Weeks Ended September 27, September 28, September 27, September 28, Net income $ 910 $ 1,139 $ 7,282 $ 7,988 Weighted average common shares outstanding 15,202 18,853 15,174 19,084 Effect of dilutive securities: Stock options 709 789 726 804 Restricted stock 37 126 17 89 Weighted average common and potentially issuable common shares outstanding—diluted 15,948 19,768 15,917 19,977 Basic net income per common share $ 0.06 $ 0.06 $ 0.48 $ 0.42 Diluted net income per common share $ 0.06 $ 0.06 $ 0.46 $ 0.40 Shares of common stock equivalents of 18,000 and 29,250 were excluded from the diluted calculation due to their anti-dilutive effect for the thirteen and thirty-nine weeks ended September 27, 2015 . All outstanding shares of common stock equivalents were included in the diluted calculation for the thirteen and thirty-nine weeks ended September 28, 2014 .

LONG-TERM DEBT

LONG-TERM DEBT	9 Months Ended
	Sep. 27, 2015
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT On November 5, 2014, the Company entered into a credit agreement (the "2014 Credit Agreement") with a syndicate of financial institutions. The 2014 Credit Agreement provides for a revolving credit facility under which the Company may borrow up to $100.0 million (including a sublimit cap of up to $10.0 million for letters of credit and up to $10.0 million for swing-line loans), maturing in November 2019 . Under the 2014 Credit Agreement, the Company may increase the revolving credit facility by up to $25.0 million if no event of default exists and certain other requirements are satisfied. Borrowings under the revolving credit facility bear interest at the Company’s option of either (i) the Base Rate (as such term is defined in the 2014 Credit Agreement) plus the applicable margin of 0.50% to 1.50% or (ii) at a fixed rate for a period of one, two, three or six months equal to the London interbank offered rate, LIBOR, plus the applicable margin of 1.50% to 2.50% . In addition, the Company is required to pay an unused facility fee to the lenders equal to 0.20% to 0.35% per annum on the aggregate amount of the unused revolving credit facility, excluding swing-line loans, commencing on November 5, 2014, payable quarterly in arrears. Borrowings under the Company’s revolving credit facility are collateralized by a first priority security interest in substantially all of the tangible and intangible personal property of the Company and its subsidiaries. As of September 27, 2015 , we had an outstanding balance of $51.5 million on our revolving credit facility. The 2014 Credit Agreement provides for bank guarantees under standby letter of credit arrangements in the normal course of business operations. The standby letters of credit are cancellable only at the option of the beneficiary who is authorized to draw drafts on the issuing bank up to the face amount of the standby letters of credit in accordance with its credit. As of September 27, 2015 , the maximum exposure under these standby letters of credit was $2.6 million .

STOCK BASED COMPENSATION

STOCK BASED COMPENSATION	9 Months Ended
	Sep. 27, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK BASED COMPENSATION	STOCK BASED COMPENSATION In June 2006, the Company adopted the Bravo Development, Inc. Option Plan (the “2006 Plan”) in order to provide an incentive to employees. In conjunction with the Company’s initial public offering, all of the then outstanding options under the 2006 Plan became exercisable and the 2006 Plan was terminated. No further compensation costs will be recorded under the 2006 Plan. The 2006 Plan was replaced with the Bravo Brio Restaurant Group, Inc. Stock Incentive Plan (the “Stock Incentive Plan”), which was adopted in October 2010. 2006 Plan Stock option activity for the thirty-nine weeks ended September 27, 2015 is summarized as follows: Number of Shares Weighted Average Exercise Price Outstanding at December 28, 2014 840,658 $ 1.45 Exercised (46,236 ) $ 1.45 Granted — $ — Forfeited — $ — Outstanding at September 27, 2015 794,422 $ 1.45 Exercisable at September 27, 2015 794,422 $ 1.45 At September 27, 2015 , the weighted-average remaining contractual term of options outstanding was approximately 1.2 years and all of the options were exercisable. Aggregate intrinsic value is calculated as the difference between the Company’s closing price at the end of the fiscal quarter and the exercise price, multiplied by the number of in-the-money options and represents the pre-tax amount that would have been received by the option holders had they all exercised such options on the fiscal quarter end date. The aggregate intrinsic value for outstanding and exercisable options at September 27, 2015 was $7.9 million . Stock Incentive Plan Restricted stock activity for the thirty-nine weeks ended September 27, 2015 is summarized as follows: Number of Shares Weighted- Average Grant Date Fair Value Outstanding at December 28, 2014 294,749 $ 16.22 Granted 27,000 $ 13.78 Vested (97,702 ) $ 16.70 Forfeited (15,500 ) $ 16.51 Outstanding at September 27, 2015 208,547 $ 15.66 Fair value of the outstanding shares of restricted stock is based on the average of the high and low price of the Company’s shares on the date immediately preceding the date of grant. In the first thirty-nine weeks of 2015 , stock compensation costs related to shares of restricted stock were approximately $1.1 million . As of September 27, 2015 , total unrecognized stock-based compensation expense related to non-vested shares of restricted stock was approximately $2.2 million taking into account potential forfeitures, which is expected to be recognized over a weighted average period of approximately 1.8 years . These shares of restricted stock will vest, subject to certain exceptions, annually over a four -year period. The Company's restricted stock award agreements allow employees to surrender to the Company shares of stock upon vesting in lieu of their payment of the required personal employment-related taxes. Employees surrendered to the Company 30,417 and 19,996 shares of restricted stock towards the minimum statutory tax withholdings, which the Company recorded as a reduction in common shares in the amount of approximately $0.4 million and $0.3 million , for the thirty-nine weeks ended September 27, 2015 and September 28, 2014 , respectively.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 27, 2015
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company’s consolidated balance sheets at September 27, 2015 and December 28, 2014 included net deferred income tax assets of $54.1 million and $54.3 million , respectively. The Company performs a periodic analysis to evaluate whether the deferred income tax assets will be realized. As of September 27, 2015 , the Company concluded that it is more likely than not that the deferred income tax assets will be realized through the generation of future taxable income. The Company is currently under examination by the Internal Revenue Service for the fiscal year ended December 26, 2010. The Company does not believe that any adjustment as a result of the examination would be material to the financial statements.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 27, 2015
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES The Company is subject to various claims, possible legal actions, and other matters arising out of the normal course of business. While it is not possible to predict the outcome of these issues, management is of the opinion that adequate provision for potential losses has been made in the accompanying consolidated financial statements and that the ultimate resolution of these matters will not have a material adverse effect on the Company’s financial position, results of operations or cash flows.

SUBSEQUENT EVENTS (Notes)

SUBSEQUENT EVENTS (Notes)	9 Months Ended
	Sep. 27, 2015
Subsequent Event [Line Items]
Subsequent Events [Text Block]	SUBSEQUENT EVENTS On October 20, 2015, the Board of Directors of the Company approved the terms of a share repurchase plan (the “Share Repurchase Plan”), under which the Company is authorized to repurchase up to $15 million of its common shares in open market and privately negotiated transactions in accordance with Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The Share Repurchase Plan was declared effective October 21, 2015, is subject to the Company’s pre-existing blackout periods, and expires on December 26, 2016. The Company will make the determination to repurchase shares based on several factors, including an evaluation of current and future capital needs associated with new restaurant development, current and forecasted cash flows, an ongoing review of its capital structure and cost of capital, its share price and current market conditions.

NET INCOME PER SHARE (Tables)

NET INCOME PER SHARE (Tables)	9 Months Ended
	Sep. 27, 2015
Earnings Per Share [Abstract]
Computations of Basic and Diluted Earnings Per Common Share	(in thousands, except per share data) Thirteen Weeks Ended Thirty-Nine Weeks Ended September 27, September 28, September 27, September 28, Net income $ 910 $ 1,139 $ 7,282 $ 7,988 Weighted average common shares outstanding 15,202 18,853 15,174 19,084 Effect of dilutive securities: Stock options 709 789 726 804 Restricted stock 37 126 17 89 Weighted average common and potentially issuable common shares outstanding—diluted 15,948 19,768 15,917 19,977 Basic net income per common share $ 0.06 $ 0.06 $ 0.48 $ 0.42 Diluted net income per common share $ 0.06 $ 0.06 $ 0.46 $ 0.40

STOCK BASED COMPENSATION (Table

STOCK BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 27, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Stock Option Activity	Stock option activity for the thirty-nine weeks ended September 27, 2015 is summarized as follows: Number of Shares Weighted Average Exercise Price Outstanding at December 28, 2014 840,658 $ 1.45 Exercised (46,236 ) $ 1.45 Granted — $ — Forfeited — $ — Outstanding at September 27, 2015 794,422 $ 1.45 Exercisable at September 27, 2015 794,422 $ 1.45
Restricted Stock Activity	Restricted stock activity for the thirty-nine weeks ended September 27, 2015 is summarized as follows: Number of Shares Weighted- Average Grant Date Fair Value Outstanding at December 28, 2014 294,749 $ 16.22 Granted 27,000 $ 13.78 Vested (97,702 ) $ 16.70 Forfeited (15,500 ) $ 16.51 Outstanding at September 27, 2015 208,547 $ 15.66

Basis of Presentation (Details)

Basis of Presentation (Details) (Detail)	9 Months Ended
	Sep. 27, 2015StateRestaurant
Significant Accounting Policies [Line Items]
Aggregate number of restaurant operated by company	116
Number of states where restaurants are operated | State	33
Aggregate number of restaurant operated under management agreement	1
Bravo Cucina Italiana
Significant Accounting Policies [Line Items]
Aggregate number of restaurant operated by company	52
Brio Tuscan Grille
Significant Accounting Policies [Line Items]
Aggregate number of restaurant operated by company	63
Bon Vie
Significant Accounting Policies [Line Items]
Aggregate number of restaurant operated by company	1

Computations of Basic and Dilut

Computations of Basic and Diluted Earnings Per Common Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 27, 2015	Sep. 28, 2014	Sep. 27, 2015	Sep. 28, 2014
Earnings Per Share [Abstract]
Net income	$ 910	$ 1,139	$ 7,282	$ 7,988
Weighted average common shares outstanding	15,202,000	18,853,000	15,174,000	19,084,000
Effect of dilutive securities:
Stock options	709,000	789,000	726,000	804,000
Restricted stock	37,000	126,000	17,000	89,000
Weighted average common and potentially issuable common shares outstanding—diluted	15,948,000	19,768,000	15,917,000	19,977,000
Basic net income per common share	$ 0.06	$ 0.06	$ 0.48	$ 0.42
Diluted net income per common share	$ 0.06	$ 0.06	$ 0.46	$ 0.40

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) - USD ($)	9 Months Ended
	Sep. 27, 2015	Nov. 05, 2014
Swingline Loans [Member]
Debt Instrument [Line Items]
Sublimit cap		$ 10,000,000
Revolving Credit Facility
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		100,000,000
Revolving Credit Facility Year of Maturity	2,019
Increased credit facility		25,000,000
Long-term Debt	$ 51,500,000
Letter of Credit
Debt Instrument [Line Items]
Sublimit cap		$ 10,000,000
Maximum standby letters of credit	$ 2,600,000
Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Applicable margin		1.50%
Minimum [Member] | Unused lines of Credit [Member]
Debt Instrument [Line Items]
Pay an unused facility fee		0.20%
Minimum [Member] | Alternate Base Rate [Member]
Debt Instrument [Line Items]
Applicable margin		0.50%
Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Applicable margin		2.50%
Maximum [Member] | Unused lines of Credit [Member]
Debt Instrument [Line Items]
Pay an unused facility fee		0.35%
Maximum [Member] | Alternate Base Rate [Member]
Debt Instrument [Line Items]
Applicable margin		1.50%

Summary of Stock Option Activit

Summary of Stock Option Activity (Detail) - Equity Option	9 Months Ended
	Sep. 27, 2015$ / sharesshares
Stock option activity
Number of Shares Outstanding - beginning of year	840,658
Weighted average exercise price outstanding - beginning of year | $ / shares	$ 1.45
Number of shares, Exercised	(46,236)
Weighted average exercise price, Exercised | $ / shares	$ 1.45
Number of shares, Granted	0
Weighted average exercise price, Granted | $ / shares	$ 0
Number of shares, Forfeited	0
Weighted average exercise price, Forfeited | $ / shares	$ 0
Number of Shares Outstanding - end of year	794,422
Weighted average exercise price Outstanding - ending of year | $ / shares	$ 1.45
Exercisable - end of year	794,422
Weighted Average Exercise Price Exercisable - end of period | $ / shares	$ 1.45

Stock Based Compensation - Addi

Stock Based Compensation - Additional Information (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 27, 2015	Sep. 28, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation	$ 1,147	$ 1,890
Payments Related to Tax Withholding for Share-based Compensation	$ 406
Equity Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average remaining contractual term	1 year 2 months 12 days
Aggregate intrinsic value for outstanding and exercisable options	$ 7,900
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation	$ 1,100
Weighted-average remaining contractual term	1 year 9 months 18 days
Unrecognized stock-based compensation expense related to non-vested shares of restricted stock	$ 2,200
Number of years to vest restricted shares	4 years
Shares Paid for Tax Withholding for Share Based Compensation	30,417	19,996
Payments Related to Tax Withholding for Share-based Compensation	$ 400	$ 300

Restricted Stock Activity (Deta

Restricted Stock Activity (Detail) - Restricted Stock	9 Months Ended
	Sep. 27, 2015$ / sharesshares
Restricted stock activity
Number of Shares Outstanding - beginning of year	294,749
Weighted-average grant date fair value, Outstanding | $ / shares	$ 16.22
Number of shares, Granted	27,000
Weighted-average grant date fair value, Granted | $ / shares	$ 13.78
Number of shares, Vested	(97,702)
Weighted-average grant date fair value, Vested | $ / shares	$ 16.70
Number of shares, Forfeited	(15,500)
Weighted-average grant date fair value, Forfeited | $ / shares	$ 16.51
Number of Shares Outstanding - end of Period	208,547
Weighted-average exercise price | $ / shares	$ 15.66

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	Sep. 27, 2015	Dec. 28, 2014
Income Tax Disclosure [Abstract]
Deferred tax assets, net	$ 54.1	$ 54.3

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) $ in Millions	Oct. 20, 2015USD ($)
Subsequent Event [Line Items]
Stock Repurchase Program, Authorized Amount	$ 15