Chuy's (CHUY) 10-Q 8 Aug 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Jun. 29, 2014	Aug. 01, 2014
Document Information [Line Items]	'	'
Entity Registrant Name	'CHUY'S HOLDINGS, INC.	'
Entity Central Index Key	'0001524931	'
Current Fiscal Year End Date	'--12-28	'
Entity Filer Category	'Accelerated Filer	'
Document Type	'10-Q	'
Document Period End Date	29-Jun-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'
Entity Common Stock, Shares Outstanding	'	16,435,687
Amendment Flag	'false	'

Unaudited_Condensed_Consolidat

Unaudited Condensed Consolidated Balance Sheets (USD $)	Jun. 29, 2014	Dec. 29, 2013
In Thousands, unless otherwise specified
CURRENT ASSETS	'	'
Cash and cash equivalents	$4,439	$5,323
Accounts receivable	846	636
Lease incentives receivable	2,273	1,933
Inventories	850	705
Prepaid expenses and other current assets	2,354	1,826
Total current assets	10,762	10,423
Property and equipment, net	107,816	93,520
Other assets and intangible assets, net	1,410	1,250
Tradename	21,900	21,900
Goodwill	24,069	24,069
Total assets	165,957	151,162
CURRENT LIABILITIES	'	'
Accounts payable	5,802	4,620
Accrued liabilities	9,758	9,903
Deferred lease incentives	1,335	1,335
Current deferred tax liability	89	89
Total current liabilities	16,984	15,947
Deferred tax liability	5,635	4,058
Accrued deferred rent	4,342	3,502
Deferred lease incentives, less current portion	19,526	17,167
Long-term debt	7,500	6,000
Total liabilities	53,987	46,674
Commitments and contingencies	'	'
Stockholders’ equity	'	'
Common stock, $0.01 par value; 60,000,000 shares authorized; 16,435,687 shares issued and outstanding at June 29, 2014 and 16,385,683 shares issued and outstanding at December 29, 2013	164	164
Preferred stock, $0.01 par value; 15,000,000 shares authorized and no shares issued or outstanding at June 29, 2014 and December 29, 2013	0	0
Paid-in capital	87,662	86,258
Retained earnings	24,144	18,066
Total stockholders’ equity	111,970	104,488
Total liabilities and stockholders’ equity	$165,957	$151,162

Unaudited_Condensed_Consolidat1

Unaudited Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Jun. 29, 2014	Dec. 29, 2013
Common stock - par value	$0.01	$0.01
Common stock - shares authorized	60,000,000	60,000,000
Common stock - shares issued	16,435,687	16,385,683
Common stock - shares outstanding	16,435,687	16,385,683
Preferred stock - par value	$0.01	$0.01
Preferred stock - authorized	15,000,000	15,000,000
Preferred stock - issued	0	0
Preferred stock - outstanding	0	0

Unaudited_Condensed_Consolidat2

Unaudited Condensed Consolidated Income Statements (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 29, 2014	Jun. 30, 2013	Jun. 29, 2014	Jun. 30, 2013
Revenue	$63,284	$53,427	$119,235	$100,125
Costs and expenses:	'	'	'	'
Cost of sales	17,980	14,644	33,508	27,201
Labor	20,806	16,740	39,516	31,715
Operating	8,595	7,537	16,156	14,084
Occupancy	3,804	3,108	7,358	5,999
General and administrative	2,939	2,507	5,862	5,302
Secondary offering costs	0	508	0	925
Marketing	483	402	905	754
Restaurant pre-opening	1,305	1,050	2,460	2,021
Depreciation and amortization	2,439	2,126	4,755	4,094
Total costs and expenses	58,351	48,622	110,520	92,095
Income from operations	4,933	4,805	8,715	8,030
Interest expense	19	24	41	57
Income before income taxes	4,914	4,781	8,674	7,973
Income tax expense	1,468	1,621	2,596	2,172
Net income	$3,446	$3,160	$6,078	$5,801
Net income per common share:	'	'	'	'
Basic	$0.21	$0.19	$0.37	$0.36
Diluted	$0.21	$0.19	$0.36	$0.35
Weighted-average shares outstanding:	'	'	'	'
Basic	16,435,687	16,269,243	16,416,658	16,190,264
Diluted	16,719,316	16,677,221	16,715,791	16,626,012

Unaudited_Condensed_Consolidat3

Unaudited Condensed Consolidated Statements of Cash Flows (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 29, 2014	Jun. 30, 2013
Cash flows from operating activities:	'	'
Net income	$6,078	$5,801
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation and amortization	4,755	4,094
Amortization of loan origination costs	22	23
Stock-based compensation	399	236
Excess tax benefit from stock-based compensation	-537	0
Loss on disposal of property and equipment	18	16
Amortization of deferred lease incentives	-581	-560
Deferred income taxes	2,114	2,052
Changes in operating assets and liabilities:	'	'
Accounts receivable	-210	100
Inventories	-145	-58
Prepaid expenses and other current assets	-528	-812
Accounts payable	-244	-1,025
Accrued liabilities and deferred rent	695	-902
Deferred lease incentives	2,600	2,213
Net cash provided by operating activities	14,436	11,178
Cash flows from investing activities:	'	'
Purchase of property and equipment	-17,443	-13,785
Purchase of other assets	-216	-136
Net cash used in investing activities	-17,659	-13,921
Cash flows from financing activities:	'	'
Borrowings under revolving line of credit	3,000	0
Payments under revolving line of credit	1,500	500
Excess tax benefit from stock-based compensation	537	0
Proceeds from the exercise of stock options	302	1,158
Net cash provided by financing activities	2,339	658
Net decrease in cash and cash equivalents	-884	-2,085
Cash and cash equivalents, beginning of period	5,323	5,855
Cash and cash equivalents, end of period	4,439	3,770
Supplemental disclosure of non-cash investing and financing activities:	'	'
Property and equipment and other assets acquired by accounts payable	1,592	1,206
Supplemental cash flow disclosures:	'	'
Cash paid for interest	79	76
Cash paid for income taxes	$471	$541

Basis_of_Presentation

Basis of Presentation	6 Months Ended
	Jun. 29, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Basis of Presentation	'
	BASIS OF PRESENTATION
	Chuy’s Holdings, Inc. (the “Company” or “Chuy’s”) is in the business of developing and operating Chuy’s restaurants throughout the United States. Chuy’s is a fast-growing, full-service restaurant concept offering a distinct menu of authentic, freshly-prepared Mexican and Tex Mex inspired food. As of June 29, 2014, the Company operated 54 restaurants in fourteen states.
	In the opinion of management, the accompanying unaudited condensed consolidated financial statements and the related notes reflect all adjustments, consisting only of normal recurring adjustments, necessary to present fairly the Company’s financial position, results of operations and cash flows for the periods presented. The financial statements have been prepared in accordance with Generally Accepted Accounting Principles (“GAAP”), except that certain information and notes have been condensed or omitted pursuant to rules and regulations of the Securities and Exchange Commission (the “SEC”). Results for interim periods are not necessarily indicative of the results that may be expected for the full fiscal year. The unaudited condensed consolidated financial statements should be read in conjunction with consolidated financial statements and notes included in the Company’s annual report on Form 10-K for the fiscal year ended December 29, 2013. The accompanying consolidated balance sheet as of December 29, 2013, has been derived from our audited consolidated financial statements.
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses for the period. Actual results could differ from those estimates.
	Certain prior period amounts were reclassified to conform to the 2014 presentation. These reclassifications had no impact on net income or total stockholders' equity.
	The Company operates on a 52- or 53- week fiscal year that ends on the last Sunday of the calendar year. Each quarterly period has 13 weeks, except for a 53-week year when the fourth quarter has 14 weeks. Our 2014 fiscal year will consist of 52 weeks and our 2013 fiscal year consisted of 52 weeks.
	On January 30, 2013, a secondary offering of the Company’s common stock was completed by certain of the Company’s existing stockholders. The selling stockholders sold 5,175,000 previously outstanding shares, including 675,000 shares sold pursuant to the full exercise of the underwriters’ option to purchase additional shares.
	On April 17, 2013, a secondary offering of the Company's common stock was completed by certain of the Company's existing stockholders. The selling stockholders sold 3,000,000 previously outstanding shares. In addition, the underwriters exercised their option to purchase an additional 257,113 shares of common stock from the selling stockholders.
	The Company did not receive any proceeds from these two offerings. The selling stockholders paid all of the underwriting discounts and commissions associated with the sale of the shares; however, the Company incurred approximately $1.2 million in costs and registration expenses related to the offerings, of which $508,000 and $925,000 was incurred during the thirteen and twenty-six weeks ended June 30, 2013, respectively.

Recent_Accounting_Pronouncemen

Recent Accounting Pronouncements	6 Months Ended
	Jun. 29, 2014
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]	'
Recent Accounting Pronouncements	'
	RECENT ACCOUNTING PRONOUNCEMENTS
	We reviewed all significant newly-issued accounting pronouncements and concluded that they either are not applicable to our operations or that no material effect is expected on our consolidated financial statements as a result of future adoption.
	In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2014-09, “Revenue from Contracts with Customers.” The pronouncement was issued to clarify the principles for recognizing revenue and to develop a common revenue standard and disclosure requirements for U.S. GAAP and IFRS. The pronouncement is effective for reporting periods beginning after December 15, 2016. The adoption of ASU 2014-09 is not expected to have a significant impact on the Company’s consolidated financial position or results of operations.

Net_Income_Per_Share

Net Income Per Share	6 Months Ended
	Jun. 29, 2014
Earnings Per Share [Abstract]	'
Net Income Per Share	'
	NET INCOME PER SHARE
	The number of shares and net income per share data for all periods presented are based on the historical weighted-average shares of common stock outstanding.
	Basic net income per share of the Company's common stock is computed by dividing net income available to common stockholders by the weighted-average number of shares of common stock outstanding for the period.
	Diluted net income per share of the Company's common stock is computed on the basis of the weighted-average number of shares of common stock plus the effect of dilutive potential shares of common stock equivalents outstanding during the period using the treasury stock method for dilutive options and deferred shares (these deferred shares were granted under the Chuy's Holdings, Inc. 2012 Omnibus Equity Incentive Plan, and herein after will be referred to as "restricted stock units"). For the thirteen and twenty-six-week periods ended June 29, 2014, there were approximately 4,000 and 3,000 shares of common stock equivalents, respectively, that have been excluded from the calculation of diluted net income per share because their inclusion would have been anti-dilutive.
	The computation of basic and diluted earnings per share is as follows:
		Thirteen Weeks Ended				Twenty-Six Weeks Ended
		June 29,		June 30,		June 29,		June 30,
		2014		2013		2014		2013
	BASIC
	NUMERATOR:
	Net income	$	3,446	$	3,160	$	6,078	$	5,801
	DENOMINATOR:
	Weighted-average common shares outstanding	16,435,687		16,269,243		16,416,658		16,190,264
	Basic net income per common share	$	0.21	$	0.19	$	0.37	$	0.36
	DILUTED
	NUMERATOR:
	Net income	$	3,446	$	3,160	$	6,078	$	5,801
	DENOMINATOR:
	Weighted-average common shares outstanding	16,435,687		16,269,243		16,416,658		16,190,264
	Dilutive effect of stock options and restricted stock units	283,629		407,978		299,133		435,748
	Weighted-average of diluted shares	16,719,316		16,677,221		16,715,791		16,626,012
	Diluted net income per common share	$	0.21	$	0.19	$	0.36	$	0.35

StockBased_Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 29, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Stock-Based Compensation	'
	STOCK-BASED COMPENSATION
	The Company has outstanding awards under the 2006 Plan. The outstanding options vest 20% on each of the first five anniversaries of the date of grant and have a maximum term of 10 years. In connection with the IPO, the Company terminated the 2006 Plan, and no further awards will be granted under the 2006 Plan. The termination of the 2006 Plan did not affect awards outstanding under the 2006 Plan at the time of its termination and the terms of the 2006 Plan continue to govern those outstanding awards.
	In connection with the IPO, the Company adopted the Chuy's Holdings, Inc. 2012 Omnibus Equity Incentive Plan (the “2012 Plan”) which allows the Company’s Board of Directors to grant stock options, restricted stock, restricted stock units and other equity-based awards to directors, officers, and key employees of the Company. The outstanding options vest 20% on each of the first five anniversaries of the date of grant and have a maximum term of 10 years. The outstanding restricted stock units vest 25% on each of the first four anniversaries of the date of grant. As of June 29, 2014, a total of 986,378 shares of common stock are reserved and remain available for issuance under the 2012 Plan.
	Stock-based compensation cost recognized in the accompanying consolidated income statements was $197,000 and $138,000 for the thirteen weeks ended June 29, 2014 and June 30, 2013 and $399,000 and $236,000 for the twenty-six weeks ended June 29, 2014 and June 30, 2013, respectively.
	Stock Options
	A summary of stock-based compensation activity related to stock options for the twenty-six weeks ended June 29, 2014 are as follows:
		Shares		Weighted		Weighted	Aggregate
				Average		Average	Intrinsic
				Exercise		Remaining	Value
				Price		Contractual
						Term
						(Years)
	Outstanding and expected to vest at December 29, 2013	729,874		$	11.45
	Granted	6,780		38.5
	Exercised	(50,004	)	6.05
	Forfeited	(1,472	)	24.36
	Outstanding and expected to vest at June 29, 2014	685,178		$	12.08	5.32	$	16,150
	Exercisable at June 29, 2014	466,839		$	7.12	4.07	$	13,296
	The aggregate intrinsic value in the table above is obtained by subtracting the weighted average exercise price from the estimated fair value of the underlying common stock as of June 29, 2014 and multiplying this result by the related number of options outstanding and exercisable at June 29, 2014. The estimated fair value of the common stock as of June 29, 2014 used in the above calculation was $35.60 per share, the closing price of the Company’s common stock on June 27, 2014, the last trading day of the second quarter. The total intrinsic value of options exercised during the twenty-six weeks ended June 29, 2014 was $1.7 million.
	The weighted-average grant date fair value of options granted during the twenty-six weeks ended June 29, 2014 was $13.44 per share, as estimated at the date of grant using the Black-Scholes pricing model with the following weighted-average assumptions:
	Dividend yield	0	%
	Expected volatility	37	%
	Risk-free rate of return	1.56	%
	Expected life (in years)	5
	The assumptions above represent management’s best estimates, but these estimates involve inherent uncertainties and the application of management’s judgment. The expected term of options granted is based on a representative peer group with similar employee groups and expected behavior. The risk-free rate for periods within the contractual life of the option is based on the U.S. Treasury constant maturities rate in effect at the time of grant. The Company utilized a weighted rate for expected volatility based on a representative peer group within the industry.
	There was approximately $1.7 million of total unrecognized compensation costs related to options granted under the 2006 Plan and the 2012 Plan as of June 29, 2014. These costs will be recognized ratably through the year 2019. In the event of a change of control, approximately $269,000 of the Company’s unrecognized compensation costs would be immediately recognized.
	Restricted Stock Units
	A summary of stock-based compensation activity related to restricted stock units for the twenty-six weeks ended June 29, 2014 are as follows:
		Shares		Weighted
				Average
				Fair Value
	Outstanding and expected to vest at December 29, 2013	—		$	—
	Granted	86,717		40.47
	Outstanding and expected to vest at June 29, 2014	86,717		$	40.47
	The fair value of the restricted stock units is the quoted market value of our common stock on the date of grant. As of June 29, 2014, total unrecognized stock-based compensation expense related to non-vested restricted stock units was approximately $3.2 million, which is expected to be recognized ratably over the next four years.

LongTerm_Debt

Long-Term Debt	6 Months Ended
	Jun. 29, 2014
Debt Disclosure [Abstract]	'
Long-Term Debt	'
	LONG-TERM DEBT
	Revolving Credit Facility
	On November 30, 2012, the Company entered into a secured $25 million revolving credit facility (the “Revolving Credit Facility”) with Wells Fargo Bank, National Association, which replaced the Company's previous credit facility. As of June 29, 2014, the interest rate on our Revolving Credit Facility was 1.91%. The Revolving Credit Facility requires the Company to comply with a fixed charge coverage ratio, a lease adjusted leverage ratio and certain non-financial covenants. The Revolving Credit Facility also places certain restrictions on the payment of dividends and distributions. Under the Revolving Credit Facility, Chuy's may declare and make dividend payments so long as (i) no default or event of default has occurred and is continuing or would result therefrom and (ii) immediately after giving effect to any such dividend payment, on a pro forma basis, the lease adjusted leverage ratio is at least .50 less than the ratio required to be maintained at such time.
	The obligations under the Company’s long-term debt are secured by a first priority lien on substantially all of the Company’s assets.

Accrued_Liabilities

Accrued Liabilities	6 Months Ended
	Jun. 29, 2014
Payables and Accruals [Abstract]	'
Accrued Liabilities	'
	ACCRUED LIABILITIES
	The major classes of accrued liabilities at June 29, 2014 and December 29, 2013 are summarized as follows:
		June 29,		December 29,
		2014		2013
	Accrued compensation and related benefits	$	4,030	$	4,122
	Other accruals	1,951		2,184
	Sales and use tax	2,092		1,493
	Deferred gift card revenue	805		1,095
	Property tax	880		1,009
	Total accrued liabilities	$	9,758	$	9,903

Income_Taxes

Income Taxes	6 Months Ended
	Jun. 29, 2014
Income Tax Disclosure [Abstract]	'
Income Taxes	'
	INCOME TAXES
	The effective income tax rate for the twenty-six weeks ended June 29, 2014 and June 30, 2013 was 29.9% and 27.2%, respectively. The difference between the effective income tax rate and the statutory rate of 35% is mainly attributable to employment tax credits attributable to employment taxes paid on employee tips. However, the lower rate during the twenty-six weeks ended June 30, 2013, was primarily attributable to the favorable impact of a one time adjustment made for these incremental employment tax credits for the prior year as well as the previous open tax years, which resulted in a $556,000 net favorable impact in net income during the twenty-six weeks ended June 30, 2013 which was partially offset by the unfavorable impact of the non-tax deductible secondary offering costs incurred during the same period .
	Since the Company has net operating loss carry forwards, the net favorable tax benefit mentioned above primarily increased the general business credits deferred tax asset.

Subsequent_Events

Subsequent Events	6 Months Ended
	Jun. 29, 2014
Subsequent Events [Abstract]	'
Subsequent Events	'
	SUBSEQUENT EVENTS
	Subsequent to June 29, 2014, the Company opened two new restaurants for a total of 56 restaurants, in fourteen states.

Net_Income_Per_Share_Tables

Net Income Per Share (Tables)	6 Months Ended
	Jun. 29, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share	'
	The computation of basic and diluted earnings per share is as follows:
		Thirteen Weeks Ended				Twenty-Six Weeks Ended
		June 29,		June 30,		June 29,		June 30,
		2014		2013		2014		2013
	BASIC
	NUMERATOR:
	Net income	$	3,446	$	3,160	$	6,078	$	5,801
	DENOMINATOR:
	Weighted-average common shares outstanding	16,435,687		16,269,243		16,416,658		16,190,264
	Basic net income per common share	$	0.21	$	0.19	$	0.37	$	0.36
	DILUTED
	NUMERATOR:
	Net income	$	3,446	$	3,160	$	6,078	$	5,801
	DENOMINATOR:
	Weighted-average common shares outstanding	16,435,687		16,269,243		16,416,658		16,190,264
	Dilutive effect of stock options and restricted stock units	283,629		407,978		299,133		435,748
	Weighted-average of diluted shares	16,719,316		16,677,221		16,715,791		16,626,012
	Diluted net income per common share	$	0.21	$	0.19	$	0.36	$	0.35

StockBased_Compensation_Tables

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 29, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Summary of Stock-Based Compensation Activity Related to Stock Options	'
	A summary of stock-based compensation activity related to stock options for the twenty-six weeks ended June 29, 2014 are as follows:
		Shares		Weighted		Weighted	Aggregate
				Average		Average	Intrinsic
				Exercise		Remaining	Value
				Price		Contractual
						Term
						(Years)
	Outstanding and expected to vest at December 29, 2013	729,874		$	11.45
	Granted	6,780		38.5
	Exercised	(50,004	)	6.05
	Forfeited	(1,472	)	24.36
	Outstanding and expected to vest at June 29, 2014	685,178		$	12.08	5.32	$	16,150
	Exercisable at June 29, 2014	466,839		$	7.12	4.07	$	13,296
Weighted Average Assumptions	'
	The weighted-average grant date fair value of options granted during the twenty-six weeks ended June 29, 2014 was $13.44 per share, as estimated at the date of grant using the Black-Scholes pricing model with the following weighted-average assumptions:
	Dividend yield	0	%
	Expected volatility	37	%
	Risk-free rate of return	1.56	%
	Expected life (in years)	5
Summary of Stock-Based Compensation Activity Related to Restricted Stock Units	'
	A summary of stock-based compensation activity related to restricted stock units for the twenty-six weeks ended June 29, 2014 are as follows:
		Shares		Weighted
				Average
				Fair Value
	Outstanding and expected to vest at December 29, 2013	—		$	—
	Granted	86,717		40.47
	Outstanding and expected to vest at June 29, 2014	86,717		$	40.47

Accrued_Liabilities_Tables

Accrued Liabilities (Tables)	6 Months Ended
	Jun. 29, 2014
Payables and Accruals [Abstract]	'
Schedule of Accrued Liabilities	'
	The major classes of accrued liabilities at June 29, 2014 and December 29, 2013 are summarized as follows:
		June 29,		December 29,
		2014		2013
	Accrued compensation and related benefits	$	4,030	$	4,122
	Other accruals	1,951		2,184
	Sales and use tax	2,092		1,493
	Deferred gift card revenue	805		1,095
	Property tax	880		1,009
	Total accrued liabilities	$	9,758	$	9,903

Basis_of_Presentation_Details

Basis of Presentation (Details) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 29, 2014	Jun. 30, 2013	Jun. 29, 2014	Jun. 30, 2013	Sep. 29, 2013	Dec. 29, 2013	Dec. 29, 2013
						January Secondary Offering [Member]	April Secondary Offering [Member]
Number of Restaurants	54	'	54	'	'	'	'
Sale of Stock	'	'	'	'	'	5,175,000	3,000,000
Sale of Stock, Underwriter Option	'	'	'	'	'	675,000	257,113
Secondary offering costs	$0	$508	$0	$925	$1,200	'	'

Net_Income_Per_Share_Computati

Net Income Per Share (Computation of Basic and Diluted Earnings Per Share)(Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 29, 2014	Jun. 30, 2013	Jun. 29, 2014	Jun. 30, 2013
NUMERATOR:	'	'	'	'
Net income	$3,446	$3,160	$6,078	$5,801
DENOMINATOR:	'	'	'	'
Weighted-average common shares outstanding	16,435,687	16,269,243	16,416,658	16,190,264
Basic net income per common share	$0.21	$0.19	$0.37	$0.36
NUMERATOR:	'	'	'	'
Net income	$3,446	$3,160	$6,078	$5,801
DENOMINATOR:	'	'	'	'
Weighted-average common shares outstanding	16,435,687	16,269,243	16,416,658	16,190,264
Dilutive effect of stock options and restricted stock units	283,629	407,978	299,133	435,748
Weighted-average of diluted shares	16,719,316	16,677,221	16,715,791	16,626,012
Diluted net income per common share	$0.21	$0.19	$0.36	$0.35

Net_Income_Per_Share_Narrative

Net Income Per Share (Narrative) (Details)	3 Months Ended	6 Months Ended
	Jun. 29, 2014	Jun. 29, 2014
Earnings Per Share [Abstract]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	4,000	3,000

StockBased_Compensation_Summar

Stock-Based Compensation (Summary of Stock-Based Compensation Activity) (Details) (USD $)	6 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 29, 2014
Shares	'
Outstanding and expected to vest at December 29, 2013	729,874
Granted	6,780
Exercised	-50,004
Forfeited	-1,472
Outstanding and expected to vest at June 29, 2014	685,178
Exercisable at June 29, 2014	466,839
Weighted Average Exercise Price	'
Outstanding and expected to vest at December 29, 2013	$11.45
Granted	$38.50
Exercised	$6.05
Forfeited	$24.36
Outstanding and expected to vest at June 29, 2014	$12.08
Exercisable at June 29, 2014	$7.12
Weighted Average Remaining Contractual Term (Years)	'
Outstanding and expected to vest at June 29, 2014	'5 years 3 months 27 days
Exercisable at June 29, 2014	'4 years 0 months 26 days
Aggregate Intrinsic Value	'
Outstanding and expected to vest at June 29, 2014	$16,150
Exercisable at June 29, 2014	$13,296

StockBased_Compensation_Weight

Stock-Based Compensation (Weighted-Average Assumptions) (Details)	6 Months Ended
	Jun. 29, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Dividend yield	0.00%
Expected volatility	37.00%
Risk-free rate of return	1.56%
Expected life (in years)	'5 years

StockBased_Compensation_Summar1

Stock-Based Compensation (Summary of Stock-Based Compensation Activity - Restricted Stock Units) (Details) (USD $)	6 Months Ended
	Jun. 29, 2014
Shares	'
Outstanding and expected to vest at December 29, 2013	0
Granted	86,717
Outstanding and expected to vest at June 29, 2014	86,717
Weighted Average Fair Value	'
Outstanding and expected to vest at December 29, 2013	$0
Granted	$40.47
Outstanding and expected to vest at June 29, 2014	$40.47

StockBased_Compensation_Narrat

Stock-Based Compensation (Narrative)(Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 29, 2014	Jun. 30, 2013	Jun. 29, 2014	Jun. 30, 2013
Stock-based compensation	$197,000	$138,000	$399,000	$236,000
ShareBasedCompensationArrangementByShareBasedPaymentAwardEstimatedFairValueOfCommonStockPerShare	'	'	$35.60	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	'	'	1,700,000	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	'	'	$13.44	'
2012 Omnibus Equity Incentive Plan [Member]	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	986,378	'	986,378	'
Employee Stock Option [Member]	'	'	'	'
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized	1,700,000	'	1,700,000	'
Employee Service Share Based Compensation Costs Recognized in Event of Change of Control	'	'	269,000	'
2006 Equity Incentive Plan [Member] | Employee Stock Option [Member]	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	'	'	20.00%	'
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	'	'	'5 years	'
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	'	'	'10 years	'
2012 Omnibus Equity Incentive Plan [Member] | Employee Stock Option [Member]	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	'	'	20.00%	'
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	'	'	'5 years	'
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	'	'	'10 years	'
2012 Omnibus Equity Incentive Plan [Member] | Restricted Stock Units (RSUs) [Member]	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	'	'	25.00%	'
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	'	'	'4 years	'
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized	$3,200,000	'	$3,200,000	'

LongTerm_Debt_Details

Long-Term Debt (Details) (Revolving Credit Facility [Member], USD $)	Jun. 29, 2014
In Millions, unless otherwise specified
Revolving Credit Facility [Member]	'
Debt Instrument [Line Items]	'
Line of Credit Facility, Maximum Borrowing Capacity	$25
Line of Credit Facility, Interest Rate at Period End	1.91%

Accrued_Liabilities_Details

Accrued Liabilities (Details) (USD $)	Jun. 29, 2014	Dec. 29, 2013
In Thousands, unless otherwise specified
Payables and Accruals [Abstract]	'	'
Accrued compensation and related benefits	$4,030	$4,122
Other accruals	1,951	2,184
Sales and use tax	2,092	1,493
Deferred gift card revenue	805	1,095
Property tax	880	1,009
Total accrued liabilities	$9,758	$9,903

Income_Taxes_Details

Income Taxes (Details) (USD $)	6 Months Ended
	Jun. 29, 2014	Jun. 30, 2013
Income Tax Contingency [Line Items]	'	'
Effective Income Tax Rate, Continuing Operations	29.90%	27.20%
Income Tax Reconciliation, Other Reconciling Items	'	$556,000

Subsequent_Events_Details

Subsequent Events (Details)	Jun. 29, 2014	Aug. 05, 2014
		Restaurants [Member]
Subsequent Event [Line Items]	'	'
Number of New Restaurants	'	2
Number of Restaurants	54	56