Chuy's (CHUY) 10-Q 5 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 27, 2016	Apr. 29, 2016
Document Information [Line Items]
Entity Registrant Name	CHUY'S HOLDINGS, INC.
Entity Central Index Key	1,524,931
Current Fiscal Year End Date	--12-25
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 27, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Entity Common Stock, Shares Outstanding		16,539,797
Amendment Flag	false

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 27, 2016	Dec. 27, 2015
CURRENT ASSETS
Cash and cash equivalents	$ 4,824	$ 8,529
Accounts receivable	1,103	1,118
Lease incentives receivable	3,750	2,756
Inventories	1,078	1,194
Prepaid expenses and other current assets	3,932	2,639
Total current assets	14,687	16,236
Property and equipment, net	144,054	136,493
Other assets and intangible assets, net	1,811	1,763
Tradename	21,900	21,900
Goodwill	24,069	24,069
Total assets	206,521	200,461
CURRENT LIABILITIES
Accounts payable	6,679	7,294
Accrued liabilities	12,629	14,874
Deferred lease incentives	1,976	1,853
Total current liabilities	21,284	24,021
Deferred tax liability, net	11,987	10,281
Accrued deferred rent	7,532	6,908
Deferred lease incentives, less current portion	27,677	26,194
Total liabilities	$ 68,480	$ 67,404
Commitments and contingencies
Stockholders’ equity
Common stock, $0.01 par value; 60,000,000 shares authorized; 16,538,529 shares issued and outstanding at March 27, 2016 and 16,490,600 shares issued and outstanding at December 27, 2015	$ 165	$ 165
Preferred stock, $0.01 par value; 15,000,000 shares authorized and no shares issued or outstanding at March 27, 2016 and December 27, 2015	0	0
Paid-in capital	90,891	90,439
Retained earnings	46,985	42,453
Total stockholders’ equity	138,041	133,057
Total liabilities and stockholders’ equity	$ 206,521	$ 200,461

Unaudited Condensed Consolidat3

Unaudited Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 27, 2016	Dec. 27, 2015
Common stock - par value	$ 0.01	$ 0.01
Common stock - shares authorized	60,000,000	60,000,000
Common stock - shares issued	16,538,529	16,490,600
Common stock - shares outstanding	16,538,529	16,490,600
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
	Mar. 27, 2016	Mar. 29, 2015
Revenue	$ 78,054	$ 66,829
Costs and expenses:
Cost of sales	19,998	17,544
Labor	25,680	22,146
Operating	10,556	9,331
Occupancy	5,305	4,480
General and administrative	4,533	4,084
Marketing	583	535
Restaurant pre-opening	1,433	1,108
Depreciation and amortization	3,477	2,998
Total costs and expenses	71,565	62,226
Income from operations	6,489	4,603
Interest expense	15	47
Income before income taxes	6,474	4,556
Income tax expense	1,942	1,321
Net income	$ 4,532	$ 3,235
Net income per common share:
Basic	$ 0.27	$ 0.20
Diluted	$ 0.27	$ 0.19
Weighted-average shares outstanding:
Basic	16,503,226	16,449,682
Diluted	16,803,756	16,689,562

Unaudited Condensed Consolidat5

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 27, 2016	Mar. 29, 2015
Cash flows from operating activities:
Net income	$ 4,532	$ 3,235
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	3,477	2,998
Amortization of loan origination costs	8	11
Stock-based compensation	469	356
Excess tax benefit from stock-based compensation	(183)	(28)
Loss on disposal of property and equipment	0	68
Amortization of deferred lease incentives	(490)	(391)
Deferred income taxes	1,706	1,376
Changes in operating assets and liabilities:
Accounts receivable	15	190
Inventories	116	21
Prepaid expenses and other current assets	(1,293)	784
Accounts payable	(3,341)	(2,500)
Accrued liabilities and deferred rent	(1,438)	348
Deferred lease incentives	1,103	2,085
Net cash provided by operating activities	4,681	8,553
Cash flows from investing activities:
Purchase of property and equipment	(8,255)	(5,323)
Purchase of other assets	(81)	(47)
Net cash used in investing activities	(8,336)	(5,370)
Cash flows from financing activities:
Borrowings under revolving line of credit	2,000	1,000
Payments under revolving line of credit	(2,000)	(1,250)
Excess tax benefit from stock-based compensation	183	28
Proceeds from the exercise of stock options	60	53
Indirect repurchase of shares for minimum tax withholdings	(293)	(50)
Net cash used in financing activities	(50)	(219)
Net (decrease) increase in cash and cash equivalents	(3,705)	2,964
Cash and cash equivalents, beginning of period	8,529	3,815
Cash and cash equivalents, end of period	4,824	6,779
Supplemental disclosure of non-cash investing and financing activities:
Property and equipment and other assets acquired by accounts payable	2,726	1,016
Supplemental cash flow disclosures:
Cash paid for interest	8	51
Cash paid for income taxes	$ 160	$ 273

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 27, 2016
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 March 27, 2016 , the Company operated 71 restaurants in 15 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 unaudited condensed consolidated 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 27, 2015 . The accompanying condensed consolidated balance sheet as of December 27, 2015 , 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 2016 and 2015 fiscal years each consist of 52 weeks.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 27, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Revenue Recognition In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, "Revenue with Contracts from Customers." ASU 2014-09 supersedes the current revenue recognition guidance, including industry-specific guidance. The guidance introduces a five-step model to achieve its core principal of the entity recognizing revenue to depict the transfer of goods or services to customers at an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This ASU is effective for interim and annual periods beginning after December 15, 2017 and early adoption is permitted only for interim and annual periods beginning after December 15, 2016. The adoption of this ASU is not expected to have a significant impact on the Company’s 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 except for revolving credit agreements where they remain assets. Amortization of the costs will continue to be reported as interest expense. This ASU was effective for annual and interim reporting periods beginning after December 15, 2015. The adoption of this ASU did not have a material impact on the Company's 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 identifies and determines whether a cloud computing arrangement contains a software license that should be accounted for as internal-use software. If a cloud computing arrangement does not contain a software license, it should be accounted for as a service contract. This ASU was effective for annual and interim reporting periods beginning after December 15, 2015. The adoption of this ASU did not have a material impact on the Company's consolidated financial statements. Leases In February 2016, the FASB issued ASU 2016-02, "Leases." This update requires a lessee to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases with a lease term of more than twelve months. Leases will continue to be classified as either financing or operating, with classification affecting the recognition, measurement and presentation of expenses and cash flows arising from a lease. This ASU is effective for interim and annual periods beginning after December 15, 2018 and requires a modified retrospective approach to adoption for lessees related to capital and operating leases existing at, or entered into after, the earliest comparative period presented in the financial statements, with certain practical expedients available. Early adoption is permitted. The Company is in the process of determining what impact the adoption of this ASU will have on its consolidated financial statements. Stock Compensation In March 2016, the FASB issued ASU 2016-09, "Improvements to Employee Share-Based Payment Accounting." This update simplifies several aspects of the accounting for share-based payment transactions, including income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. This ASU is effective for interim and annual periods beginning after December 15, 2016, and early adoption is permitted. The Company is in the process of determining what impact the adoption of this ASU will have on its consolidated financial statements.

Net Income Per Share

Net Income Per Share	3 Months Ended
	Mar. 27, 2016
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 March 27, 2016 and March 29, 2015 there were approximately 1,932 and 57,883 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 March 27, 2016 March 29, 2015 BASIC Net income $ 4,532 $ 3,235 Weighted-average common shares outstanding 16,503,226 16,449,682 Basic net income per common share $ 0.27 $ 0.20 DILUTED Net income $ 4,532 $ 3,235 Weighted-average common shares outstanding 16,503,226 16,449,682 Dilutive effect of stock options and restricted stock units 300,530 239,880 Weighted-average of diluted shares 16,803,756 16,689,562 Diluted net income per common share $ 0.27 $ 0.19

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 27, 2016
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 March 27, 2016 , a total of 814,128 shares of common stock are reserved and remain available for issuance under the 2012 Plan. Stock-based compensation cost recognized in the accompanying condensed consolidated income statements was $469,000 and $356,000 for the thirteen weeks ended March 27, 2016 and March 29, 2015 , respectively. Stock Options A summary of stock-based compensation activity related to stock options for the thirteen weeks ended March 27, 2016 are as follows: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding at December 27, 2015 634,412 $ 11.91 Exercised (13,372 ) 4.51 Forfeited (369 ) 32.46 Outstanding at March 27, 2016 620,671 $ 12.06 3.59 $ 11,211 Exercisable at March 27, 2016 538,896 $ 9.98 3.11 $ 10,827 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 March 27, 2016 and multiplying this result by the related number of options outstanding and exercisable at March 27, 2016 . The estimated fair value of the common stock as of March 27, 2016 used in the above calculation was $30.04 per share, the closing price of the Company’s common stock on March 24, 2016, the last trading day of the first quarter. The total intrinsic value of options exercised during the thirteen weeks ended March 27, 2016 was $371,000 . The fair value of options vested during the thirteen weeks ended March 27, 2016 was $323,000 . There was approximately $683,000 of total unrecognized compensation costs related to options granted under the 2006 Plan and the 2012 Plan as of March 27, 2016 . 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 thirteen weeks ended March 27, 2016 are as follows: Shares Weighted Average Fair Value Weighted Outstanding at December 27, 2015 165,111 $ 29.72 Granted 86,400 34.55 Vested (43,000 ) 31.04 Forfeited (479 ) 29.46 Outstanding at March 27, 2016 208,032 $ 31.45 3.19 The fair value of the restricted stock units is the quoted market value of our common stock on the date of grant. As of March 27, 2016 , total unrecognized stock-based compensation expense related to non-vested restricted stock units was approximately $6.3 million , which is expected to be recognized ratably through the year 2021 .

Long-Term Debt

Long-Term Debt	3 Months Ended
	Mar. 27, 2016
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Revolving Credit Facility On November 30, 2012, the Company entered into a $25.0 million Revolving Credit Facility with Wells Fargo Bank, National Association. On October 30, 2015, the Company entered into an amendment to its Revolving Credit Facility to, among other things, (1) extend the maturity date of the Revolving Credit Facility to October 30, 2020 from November 30, 2017 and (2) revise the applicable margins and leverage ratios that determine the commitment fees and interest rates payable by the Company under the Revolving Credit Facility. Under the Company's Revolving Credit Facility, the Company may request to increase the size of the Company's Revolving Credit Facility by up to an additional $25.0 million , in minimum principal amounts of $5.0 million or the remaining amount of the $25.0 million if less than $5.0 million (the "Incremental Revolving Loan"), which Incremental Revolving Loan will be effective after 10 days written notice to the agent. In the event that any of the lenders fund the Incremental Revolving Loan, the terms and provisions of the Incremental Revolving Loan will be the same as under the Company's Revolving Credit Facility. Borrowings under the Revolving Credit Facility generally bear interest at a variable rate based upon the Company's election, of (i) the base rate (which is the highest of prime rate, federal funds rate plus 0.5% or one month LIBOR plus 1.0% ), or (ii) LIBOR, plus, in either case, an applicable margin based on the Company's consolidated total lease adjusted leverage ratio (as defined in the Revolving Credit Facility agreement). The Revolving Credit Facility also requires payment for commitment fees that accrue on the daily unused commitment of the lender at the applicable margin, which varies based on the Company's consolidated total lease adjusted leverage ratio. The Revolving Credit Facility also requires compliance 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, the Company 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 does not exceed 3.50 to 1.00. 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 March 27, 2016 the Company had no borrowings under our Revolving Credit Facility.

Accrued Liabilities

Accrued Liabilities	3 Months Ended
	Mar. 27, 2016
Payables and Accruals [Abstract]
Accrued Liabilities	Accrued Liabilities The major classes of accrued liabilities at March 27, 2016 and December 27, 2015 are summarized as follows: March 27, 2016 December 27, 2015 Accrued compensation and related benefits $ 6,322 $ 8,080 Sales and use tax 2,326 2,084 Other accruals 1,831 1,791 Deferred gift card revenue 1,236 1,645 Property tax 914 1,274 Total accrued liabilities $ 12,629 $ 14,874

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 27, 2016
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	3 Months Ended
	Mar. 27, 2016
Subsequent Events [Abstract]
Subsequent Events	Subsequent events Subsequent to March 27, 2016 , the Company opened three new restaurants for a total of seventy-four restaurants, in fifteen states.

Net Income Per Share (Tables)

Net Income Per Share (Tables)	3 Months Ended
	Mar. 27, 2016
Earnings Per Share [Abstract]
Net Income Per Share	The computation of basic and diluted earnings per share is as follows: Thirteen Weeks Ended March 27, 2016 March 29, 2015 BASIC Net income $ 4,532 $ 3,235 Weighted-average common shares outstanding 16,503,226 16,449,682 Basic net income per common share $ 0.27 $ 0.20 DILUTED Net income $ 4,532 $ 3,235 Weighted-average common shares outstanding 16,503,226 16,449,682 Dilutive effect of stock options and restricted stock units 300,530 239,880 Weighted-average of diluted shares 16,803,756 16,689,562 Diluted net income per common share $ 0.27 $ 0.19

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 27, 2016
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 thirteen weeks ended March 27, 2016 are as follows: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding at December 27, 2015 634,412 $ 11.91 Exercised (13,372 ) 4.51 Forfeited (369 ) 32.46 Outstanding at March 27, 2016 620,671 $ 12.06 3.59 $ 11,211 Exercisable at March 27, 2016 538,896 $ 9.98 3.11 $ 10,827
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 thirteen weeks ended March 27, 2016 are as follows: Shares Weighted Average Fair Value Weighted Outstanding at December 27, 2015 165,111 $ 29.72 Granted 86,400 34.55 Vested (43,000 ) 31.04 Forfeited (479 ) 29.46 Outstanding at March 27, 2016 208,032 $ 31.45 3.19

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	3 Months Ended
	Mar. 27, 2016
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	The major classes of accrued liabilities at March 27, 2016 and December 27, 2015 are summarized as follows: March 27, 2016 December 27, 2015 Accrued compensation and related benefits $ 6,322 $ 8,080 Sales and use tax 2,326 2,084 Other accruals 1,831 1,791 Deferred gift card revenue 1,236 1,645 Property tax 914 1,274 Total accrued liabilities $ 12,629 $ 14,874

Basis of Presentation (Details)

Basis of Presentation (Details)	Mar. 27, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of Restaurants	71

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
	Mar. 27, 2016	Mar. 29, 2015
BASIC
Net income	$ 4,532	$ 3,235
Weighted-average common shares outstanding	16,503,226	16,449,682
Basic net income per common share	$ 0.27	$ 0.20
DILUTED
Net income	$ 4,532	$ 3,235
Weighted-average common shares outstanding	16,503,226	16,449,682
Dilutive effect of stock options and restricted stock units	300,530	239,880
Weighted-average of diluted shares	16,803,756	16,689,562
Diluted net income per common share	$ 0.27	$ 0.19

Net Income Per Share (Narrative

Net Income Per Share (Narrative) (Details) - shares	3 Months Ended
	Mar. 27, 2016	Mar. 29, 2015
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1,932	57,883

Stock-Based Compensation (Summa

Stock-Based Compensation (Summary of Stock-Based Compensation Activity) (Details) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 27, 2016USD ($)$ / sharesshares
Shares
Outstanding at December 27, 2015 | shares	634,412
Exercised | shares	(13,372)
Forfeited | shares	(369)
Outstanding at March 27, 2016 | shares	620,671
Exercisable at March 27, 2016 | shares	538,896
Weighted Average Exercise Price
Outstanding at December 27, 2015 | $ / shares	$ 11.91
Exercised | $ / shares	4.51
Forfeited | $ / shares	32.46
Outstanding at March 27, 2016 | $ / shares	12.06
Exercisable at March 27, 2016 | $ / shares	$ 9.98
Weighted Average Remaining Contractual Term (Years)
Outstanding at March 27, 2016	3 years 7 months 2 days
Exercisable at March 27, 2016	3 years 1 month 10 days
Aggregate Intrinsic Value
Outstanding at March 27, 2016 | $	$ 11,211
Exercisable at March 27, 2016 | $	$ 10,827

Stock-Based Compensation (Sum21

Stock-Based Compensation (Summary of Stock-Based Compensation Activity - Restricted Stock Units) (Details) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 27, 2016USD ($)$ / sharesshares
Shares
Outstanding at December 27, 2015 | shares	165,111
Granted | shares	86,400
Vested | shares	(43,000)
Forfeited | shares	(479)
Outstanding at March 27, 2016 | shares	208,032
Weighted Average Fair Value
Outstanding at December 27, 2015 | $ / shares	$ 29.72
Granted | $ / shares	34.55
Vested | $ / shares	31.04
Forfeited | $ / shares	29.46
Outstanding at March 27, 2016 | $ / shares	$ 31.45
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 9 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 | $	$ 6,300

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative)(Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 27, 2016	Mar. 29, 2015	Mar. 24, 2016
Stock-based compensation	$ 469	$ 356
ShareBasedCompensationArrangementByShareBasedPaymentAwardEstimatedFairValueOfCommonStockPerShare			$ 30.04
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	371
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value	$ 323
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	$ 683
2012 Omnibus Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	814
2012 Omnibus Equity Incentive Plan [Member] | Restricted Stock Units (RSUs) [Member]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 6,300
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 (Narrative)(Deta

Long-Term Debt (Narrative)(Details) - Revolving Credit Facility [Member]	3 Months Ended
	Mar. 27, 2016USD ($)
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 25,000,000
Debt Instrument, Maturity Date	Oct. 30, 2020
Line of Credit Facility Additional Borrowing Capacity	$ 25,000,000
Letters of Credit, Borrowing Capacity	$ 5,000,000
Line of credit facility, lease adjusted leverage ratio	3.50
Long-term debt	$ 0
Federal Funds Rate [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.50%
Base Rate [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.00%

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Mar. 27, 2016	Dec. 27, 2015
Payables and Accruals [Abstract]
Accrued compensation and related benefits	$ 6,322	$ 8,080
Sales and use tax	2,326	2,084
Other accruals	1,831	1,791
Deferred gift card revenue	1,236	1,645
Property tax	914	1,274
Total accrued liabilities	$ 12,629	$ 14,874

Subsequent Events (Details)

Subsequent Events (Details)	May. 05, 2016	Mar. 27, 2016
Subsequent Event [Line Items]
Number of Restaurants		71
Restaurants [Member]
Subsequent Event [Line Items]
Number of New Restaurants	3
Number of Restaurants	74
Number of States in which Entity Operates	15