Chuy's (CHUY) 10-Q 6 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 28, 2015	Jul. 31, 2015
Document Information [Line Items]
Entity Registrant Name	CHUY'S HOLDINGS, INC.
Entity Central Index Key	1,524,931
Current Fiscal Year End Date	--12-27
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 28, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Entity Common Stock, Shares Outstanding		16,474,341
Amendment Flag	false

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 28, 2015	Dec. 28, 2014
CURRENT ASSETS
Cash and cash equivalents	$ 7,634	$ 3,815
Accounts receivable	684	922
Lease incentives receivable	2,079	4,164
Inventories	1,043	926
Prepaid expenses and other current assets	3,662	3,087
Total current assets	15,102	12,914
Property and equipment, net	125,003	118,807
Other assets and intangible assets, net	1,515	1,522
Tradename	21,900	21,900
Goodwill	24,069	24,069
Total assets	187,589	179,212
CURRENT LIABILITIES
Accounts payable	6,258	5,921
Accrued liabilities	13,602	10,397
Deferred lease incentives	1,689	1,419
Current deferred tax liability	231	231
Total current liabilities	21,780	17,968
Deferred tax liability	9,260	6,976
Accrued deferred rent	6,027	5,252
Deferred lease incentives, less current portion	22,914	22,078
Long-term debt	0	8,750
Total liabilities	$ 59,981	$ 61,024
Commitments and contingencies
Stockholders’ equity
Common stock, $0.01 par value; 60,000,000 shares authorized; 16,474,069 shares issued and outstanding at June 28, 2015 and 16,440,906 shares issued and outstanding at December 28, 2014	$ 165	$ 164
Preferred stock, $0.01 par value; 15,000,000 shares authorized and no shares issued or outstanding at June 28, 2015 and December 28, 2014	0	0
Paid-in capital	89,278	88,467
Retained earnings	38,165	29,557
Total stockholders’ equity	127,608	118,188
Total liabilities and stockholders’ equity	$ 187,589	$ 179,212

Unaudited Condensed Consolidat3

Unaudited Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 28, 2015	Dec. 28, 2014
Common stock - par value	$ 0.01	$ 0.01
Common stock - shares authorized	60,000,000	60,000,000
Common stock - shares issued	16,474,069	16,440,906
Common stock - shares outstanding	16,474,069	16,440,906
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 Consolidat4

Unaudited Condensed Consolidated Income Statements - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Revenue	$ 75,362	$ 63,284	$ 142,191	$ 119,235
Costs and expenses:
Cost of sales	19,802	17,980	37,346	33,508
Labor	24,127	20,806	46,273	39,516
Operating	10,168	8,595	19,499	16,156
Occupancy	4,867	3,804	9,347	7,358
General and administrative	4,299	2,939	8,383	5,862
Marketing	609	483	1,144	905
Restaurant pre-opening	699	1,305	1,807	2,460
Depreciation and amortization	3,194	2,439	6,192	4,755
Total costs and expenses	67,765	58,351	129,991	110,520
Income from operations	7,597	4,933	12,200	8,715
Interest expense	30	19	77	41
Income before income taxes	7,567	4,914	12,123	8,674
Income tax expense	2,194	1,468	3,515	2,596
Net income	$ 5,373	$ 3,446	$ 8,608	$ 6,078
Net income per common share:
Basic	$ 0.33	$ 0.21	$ 0.52	$ 0.37
Diluted	$ 0.32	$ 0.21	$ 0.52	$ 0.36
Weighted-average shares outstanding:
Basic	16,470,344	16,435,687	16,460,013	16,416,658
Diluted	16,730,963	16,719,316	16,708,789	16,715,791

Unaudited Condensed Consolidat5

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014
Cash flows from operating activities:
Net income	$ 8,608	$ 6,078
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	6,192	4,755
Amortization of loan origination costs	22	22
Stock-based compensation	805	399
Excess tax benefit from stock-based compensation	(67)	(537)
Loss on disposal of property and equipment	87	18
Amortization of deferred lease incentives	(804)	(581)
Deferred income taxes	2,284	2,114
Changes in operating assets and liabilities:
Accounts receivable	238	(210)
Inventories	(117)	(145)
Prepaid expenses and other current assets	(575)	(528)
Accounts payable	(1,409)	(244)
Accrued liabilities and deferred rent	3,897	695
Deferred lease incentives	3,995	2,600
Net cash provided by operating activities	23,156	14,436
Cash flows from investing activities:
Purchase of property and equipment	(10,563)	(17,443)
Purchase of other assets	(128)	(216)
Net cash used in investing activities	(10,691)	(17,659)
Cash flows from financing activities:
Borrowings under revolving line of credit	1,000	3,000
Payments under revolving line of credit	(9,750)	(1,500)
Excess tax benefit from stock-based compensation	67	537
Proceeds from the exercise of stock options	91	302
Indirect repurchase of shares for minimum tax withholdings	(54)	0
Net cash provided by (used in) financing activities	(8,646)	2,339
Net increase (decrease) in cash and cash equivalents	3,819	(884)
Cash and cash equivalents, beginning of period	3,815	5,323
Cash and cash equivalents, end of period	7,634	4,439
Supplemental disclosure of non-cash investing and financing activities:
Property and equipment and other assets acquired by accounts payable	1,746	1,592
Supplemental cash flow disclosures:
Cash paid for interest	80	79
Cash paid for income taxes	$ 1,966	$ 471

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 28, 2015
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 28, 2015 , the Company operated 63 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 28, 2014 . The accompanying condensed consolidated balance sheet as of December 28, 2014 , 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. 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 2015 fiscal year will consist of 52 weeks and our 2014 fiscal year consisted of 52 weeks.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Jun. 28, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recent Accounting Pronouncements	RECENT ACCOUNTING PRONOUNCEMENTS Revenue Recognition In May 2014, the FASB issued Accounting Standards Update ("ASU") 2014-09, Revenue from Contracts with Customers , which 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. The ASU will replace most existing revenue recognition guidance in GAAP when it becomes effective. In July 2015, the FASB voted to defer the effective date of this ASU by one year to annual periods beginning after December 15, 2017 (our 2018 fiscal year). Early adoption is permitted for annual periods beginning after December 15, 2016 (our 2017 fiscal year). The standard permits the use of either the retrospective or cumulative effect transition method. The adoption of this standard update is not expected to have a material impact on our consolidated financial statements. Debt Issuance Costs In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs , which changes the presentation of debt issuance costs in the financial statements from an asset on the balance sheet to a deduction from the related debt liability. Amortization of the costs will continue to be reported as interest expense. ASU 2015-03 is effective for annual and interim reporting periods beginning after December 15, 2015 (our 2016 fiscal year). Early adoption is permitted. The adoption of this standard update is not expected to have a material impact on our consolidated financial statements. Software Licenses In April 2015, the FASB issued ASU 2015-05, Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement, which provides guidance about whether a cloud computing arrangement includes a software license. ASU 2015-05 is effective for annual and interim periods beginning after December 15, 2015 (our 2016 fiscal year). Early adoption is permitted. We are currently evaluating the impact, if any, this guidance will have on our consolidated financial statements.

Net Income Per Share

Net Income Per Share	6 Months Ended
	Jun. 28, 2015
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 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 (the "2012 Plan"), and are referred to as "restricted stock units"). For the thirteen weeks ended June 28, 2015 and June 29, 2014 there were approximately 47,000 and 4,000 shares, respectively, of common stock equivalents that were excluded from the calculation of diluted net income per share because their inclusion would have been anti-dilutive. For the twenty-six -week period ended June 28, 2015 and June 29, 2014 , there were approximately 59,000 and 3,000 shares, respectively, of common stock equivalents that were 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 28, June 29, June 28, June 29, BASIC NUMERATOR: Net income $ 5,373 $ 3,446 $ 8,608 $ 6,078 DENOMINATOR: Weighted-average common shares outstanding 16,470,344 16,435,687 16,460,013 16,416,658 Basic net income per common share $ 0.33 $ 0.21 $ 0.52 $ 0.37 DILUTED NUMERATOR: Net income $ 5,373 $ 3,446 $ 8,608 $ 6,078 DENOMINATOR: Weighted-average common shares outstanding 16,470,344 16,435,687 16,460,013 16,416,658 Dilutive effect of stock options and restricted stock units 260,619 283,629 248,776 299,133 Weighted-average of diluted shares 16,730,963 16,719,316 16,708,789 16,715,791 Diluted net income per common share $ 0.32 $ 0.21 $ 0.52 $ 0.36

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 28, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	STOCK-BASED COMPENSATION The Company has outstanding awards under the Chuy's Holdings, Inc. 2006 Stock Option Plan (the "2006 Plan") and the 2012 Plan. Options granted under these plans vest over five years from the date of grant and have a maximum term of 10 years. Restricted stock units granted under the 2012 Plan vest over four to five years from the date of grant. As of June 28, 2015 , a total of 895,841 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 $449,000 and $197,000 for the thirteen weeks ended June 28, 2015 and June 29, 2014 and $805,000 and $399,000 for the twenty-six weeks ended June 28, 2015 and June 29, 2014 . Stock Options A summary of stock-based compensation activity related to stock options for the twenty-six weeks ended June 28, 2015 are as follows: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding at December 28, 2014 684,188 $ 12.27 Exercised (13,811 ) 6.53 Forfeited (15,408 ) 30.87 Outstanding at June 28, 2015 654,969 $ 11.95 4.30 $ 9,957 Exercisable at June 28, 2015 517,272 $ 8.67 3.49 $ 9,397 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 28, 2015 and multiplying this result by the related number of options outstanding and exercisable at June 28, 2015 . The estimated fair value of the common stock as of June 28, 2015 used in the above calculation was $26.58 per share, the closing price of the Company’s common stock on June 26, 2015, the last trading day of the second quarter. The total intrinsic value of options exercised during the twenty-six weeks ended June 28, 2015 was $233,000 . The fair value of options vested during the twenty-six weeks ended June 28, 2015 was $460,000 . There was approximately $1.1 million of total unrecognized compensation costs related to options granted under the 2006 Plan and the 2012 Plan as of June 28, 2015 . These costs will be recognized ratably through the year 2019 . Restricted Stock Units A summary of stock-based compensation activity related to restricted stock units for the twenty-six weeks ended June 28, 2015 are as follows: Shares Weighted Average Fair Value Weighted Total Compensation Cost Related to Non-Vested Awards Outstanding at December 28, 2014 87,428 $ 40.36 Granted 105,834 23.25 Vested (21,672 ) 40.47 Forfeited (4,250 ) 33.50 Outstanding at June 28, 2015 167,340 $ 29.70 3.20 $ 4,515 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 28, 2015 , total unrecognized stock-based compensation expense related to non-vested restricted stock units was approximately $4.5 million , which is expected to be recognized ratably through the year 2020 .

Long-Term Debt

Long-Term Debt	6 Months Ended
	Jun. 28, 2015
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 28, 2015 , the interest rate on our Revolving Credit Facility was 1.94% . 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 Revolving Credit Facility are secured by a first priority lien on substantially all of the Company’s assets. As of June 28, 2015 we had no borrowings under our Revolving Credit Facility, and the amount available for future borrowings was $25.0 million .

Accrued Liabilities

Accrued Liabilities	6 Months Ended
	Jun. 28, 2015
Payables and Accruals [Abstract]
Accrued Liabilities	ACCRUED LIABILITIES The major classes of accrued liabilities at June 28, 2015 and December 28, 2014 are summarized as follows: June 28, December 28, Accrued compensation and related benefits $ 6,612 $ 3,883 Other accruals 2,806 2,582 Sales and use tax 2,166 1,779 Deferred gift card revenue 997 1,326 Property tax 1,021 827 Total accrued liabilities $ 13,602 $ 10,397

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 28, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure	COMMITMENTS AND CONTINGENCIES We are involved in various legal actions arising in the ordinary course of business. In the opinion of management, the ultimate disposition of these matters will not have a material adverse effect on our consolidated financial position, results of operations, or cash flows.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 28, 2015
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS Subsequent to June 28, 2015 , the Company opened one new restaurant for a total of sixty-four restaurants, in fourteen states.

Net Income Per Share (Tables)

Net Income Per Share (Tables)	6 Months Ended
	Jun. 28, 2015
Earnings Per Share [Abstract]
Net Income Per Share	The computation of basic and diluted earnings per share is as follows: Thirteen Weeks Ended Twenty-Six Weeks Ended June 28, June 29, June 28, June 29, BASIC NUMERATOR: Net income $ 5,373 $ 3,446 $ 8,608 $ 6,078 DENOMINATOR: Weighted-average common shares outstanding 16,470,344 16,435,687 16,460,013 16,416,658 Basic net income per common share $ 0.33 $ 0.21 $ 0.52 $ 0.37 DILUTED NUMERATOR: Net income $ 5,373 $ 3,446 $ 8,608 $ 6,078 DENOMINATOR: Weighted-average common shares outstanding 16,470,344 16,435,687 16,460,013 16,416,658 Dilutive effect of stock options and restricted stock units 260,619 283,629 248,776 299,133 Weighted-average of diluted shares 16,730,963 16,719,316 16,708,789 16,715,791 Diluted net income per common share $ 0.32 $ 0.21 $ 0.52 $ 0.36

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 28, 2015
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 28, 2015 are as follows: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding at December 28, 2014 684,188 $ 12.27 Exercised (13,811 ) 6.53 Forfeited (15,408 ) 30.87 Outstanding at June 28, 2015 654,969 $ 11.95 4.30 $ 9,957 Exercisable at June 28, 2015 517,272 $ 8.67 3.49 $ 9,397
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 28, 2015 are as follows: Shares Weighted Average Fair Value Weighted Total Compensation Cost Related to Non-Vested Awards Outstanding at December 28, 2014 87,428 $ 40.36 Granted 105,834 23.25 Vested (21,672 ) 40.47 Forfeited (4,250 ) 33.50 Outstanding at June 28, 2015 167,340 $ 29.70 3.20 $ 4,515

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	6 Months Ended
	Jun. 28, 2015
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	The major classes of accrued liabilities at June 28, 2015 and December 28, 2014 are summarized as follows: June 28, December 28, Accrued compensation and related benefits $ 6,612 $ 3,883 Other accruals 2,806 2,582 Sales and use tax 2,166 1,779 Deferred gift card revenue 997 1,326 Property tax 1,021 827 Total accrued liabilities $ 13,602 $ 10,397

Basis of Presentation (Details)

Basis of Presentation (Details)	Jun. 28, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of Restaurants	63

Net Income Per Share (Computati

Net Income Per Share (Computation of Basic and Diluted Earnings Per Share)(Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
NUMERATOR:
Net income	$ 5,373	$ 3,446	$ 8,608	$ 6,078
DENOMINATOR:
Weighted-average common shares outstanding	16,470,344	16,435,687	16,460,013	16,416,658
Basic net income per common share	$ 0.33	$ 0.21	$ 0.52	$ 0.37
NUMERATOR:
Net income	$ 5,373	$ 3,446	$ 8,608	$ 6,078
DENOMINATOR:
Weighted-average common shares outstanding	16,470,344	16,435,687	16,460,013	16,416,658
Dilutive effect of stock options and restricted stock units	260,619	283,629	248,776	299,133
Weighted-average of diluted shares	16,730,963	16,719,316	16,708,789	16,715,791
Diluted net income per common share	$ 0.32	$ 0.21	$ 0.52	$ 0.36

Net Income Per Share (Narrative

Net Income Per Share (Narrative) (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	47,000	4,000	59,000	3,000

Stock-Based Compensation (Summa

Stock-Based Compensation (Summary of Stock-Based Compensation Activity) (Details) - Jun. 28, 2015 - USD ($) $ / shares in Units, $ in Thousands	Total
Shares
Outstanding at December 28, 2014	684,188
Exercised	(13,811)
Forfeited	(15,408)
Outstanding at June 28, 2015	654,969
Exercisable at June 28, 2015	517,272
Weighted Average Exercise Price
Outstanding at December 28, 2014	$ 12.27
Exercised	6.53
Forfeited	30.87
Outstanding at June 28, 2015	11.95
Exercisable at June 28, 2015	$ 8.67
Weighted Average Remaining Contractual Term (Years)
Outstanding at June 28, 2015	4 years 3 months 17 days
Exercisable at June 28, 2015	3 years 5 months 28 days
Aggregate Intrinsic Value
Outstanding at June 28, 2015	$ 9,957
Exercisable at June 28, 2015	$ 9,397

Stock-Based Compensation (Sum21

Stock-Based Compensation (Summary of Stock-Based Compensation Activity - Restricted Stock Units) (Details) - Jun. 28, 2015 - USD ($) $ / shares in Units, $ in Thousands	Total
Shares
Outstanding at December 28, 2014	87,428
Granted	105,834
Vested	(21,672)
Forfeited	(4,250)
Outstanding at June 28, 2015	167,340
Weighted Average Fair Value
Outstanding at December 28, 2014	$ 40.36
Granted	23.25
Vested	40.47
Forfeited	33.50
Outstanding at June 28, 2015	$ 29.70
Weighted Average Remaining Contractual Term [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Outstanding, Weighted Average Remaining Contractual Terms	3 years 2 months 12 days
2012 Omnibus Equity Incentive Plan [Member] | Restricted Stock Units (RSUs) [Member]
Total Compensation Cost Related to Non-Vested Awards [Abstract]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 4,515

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative)(Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014	Jun. 26, 2015
Stock-based compensation	$ 449,000	$ 197,000	$ 805,000	$ 399,000
ShareBasedCompensationArrangementByShareBasedPaymentAwardEstimatedFairValueOfCommonStockPerShare					$ 26.58
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value			233,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value			$ 460,000
Employee Stock Option [Member]
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
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 1,100,000		$ 1,100,000
2012 Omnibus Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	895,841		895,841
2012 Omnibus Equity Incentive Plan [Member] | Restricted Stock Units (RSUs) [Member]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 4,515,000		$ 4,515,000
Minimum [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			4 years
Maximum [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			5 years

Long-Term Debt (Details)

Long-Term Debt (Details) - USD ($) $ in Thousands	Jun. 28, 2015	Dec. 28, 2014
Debt Instrument [Line Items]
Long-term debt	$ 0	$ 8,750
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 25,000
Line of Credit Facility, Interest Rate at Period End	1.94%
Line of Credit Facility, Remaining Borrowing Capacity	$ 25,000

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Jun. 28, 2015	Dec. 28, 2014
Payables and Accruals [Abstract]
Accrued compensation and related benefits	$ 6,612	$ 3,883
Other accruals	2,806	2,582
Sales and use tax	2,166	1,779
Deferred gift card revenue	997	1,326
Property tax	1,021	827
Total accrued liabilities	$ 13,602	$ 10,397

Subsequent Events (Details)

Subsequent Events (Details)	Jul. 31, 2015	Jun. 28, 2015
Subsequent Event [Line Items]
Number of Restaurants		63
Restaurants [Member]
Subsequent Event [Line Items]
Number of New Restaurants	1
Number of Restaurants	64