Chuy's (CHUY) 10-Q 4 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 26, 2016	Jul. 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	Jun. 26, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Entity Common Stock, Shares Outstanding		16,794,684
Amendment Flag	false

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 26, 2016	Dec. 27, 2015
CURRENT ASSETS
Cash and cash equivalents	$ 13,769	$ 8,529
Accounts receivable	844	1,118
Lease incentives receivable	4,433	2,756
Inventories	1,217	1,194
Prepaid expenses and other current assets	4,873	2,639
Total current assets	25,136	16,236
Property and equipment, net	152,472	136,493
Other assets and intangible assets, net	1,841	1,763
Tradename	21,900	21,900
Goodwill	24,069	24,069
Total assets	225,418	200,461
CURRENT LIABILITIES
Accounts payable	9,369	7,294
Accrued liabilities	18,501	14,874
Deferred lease incentives	2,079	1,853
Total current liabilities	29,949	24,021
Deferred tax liability, net	10,385	10,281
Accrued deferred rent	8,115	6,908
Incentive from Lessor	29,163	26,194
Total liabilities	77,612	67,404
Commitments and contingencies
Stockholders’ equity
Common stock, $0.01 par value; 60,000,000 shares authorized; 16,759,690 shares issued and outstanding at June 26, 2016 and 16,490,600 shares issued and outstanding at December 27, 2015	168	165
Preferred stock, $0.01 par value; 15,000,000 shares authorized and no shares issued or outstanding at June 26, 2016 and December 27, 2015	0	0
Paid-in capital	94,873	90,439
Retained earnings	52,765	42,453
Total stockholders’ equity	147,806	133,057
Total liabilities and stockholders’ equity	$ 225,418	$ 200,461

Unaudited Condensed Consolidat3

Unaudited Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 26, 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	16,759,690	16,490,600
Common stock - shares outstanding	16,759,690	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		6 Months Ended
	Jun. 26, 2016	Jun. 28, 2015	Jun. 26, 2016	Jun. 28, 2015
Revenue	$ 87,909	$ 75,362	$ 165,963	$ 142,191
Costs and expenses:
Cost of sales	22,397	19,802	42,395	37,346
Labor	28,708	24,127	54,388	46,273
Operating	12,034	10,168	22,590	19,499
Occupancy	5,637	4,867	10,942	9,347
General and administrative	4,870	4,299	9,403	8,383
Marketing	692	609	1,275	1,144
Restaurant pre-opening	1,534	699	2,967	1,807
Depreciation and amortization	3,707	3,194	7,184	6,192
Total costs and expenses	79,579	67,765	151,144	129,991
Income from operations	8,330	7,597	14,819	12,200
Interest expense	16	30	31	77
Income before income taxes	8,314	7,567	14,788	12,123
Income tax expense	2,534	2,194	4,476	3,515
Net income	$ 5,780	$ 5,373	$ 10,312	$ 8,608
Net income per common share:
Basic	$ 0.35	$ 0.33	$ 0.62	$ 0.52
Diluted	$ 0.34	$ 0.32	$ 0.61	$ 0.52
Weighted-average shares outstanding:
Basic	16,578,537	16,470,344	16,534,569	16,460,013
Diluted	16,840,629	16,730,963	16,814,647	16,708,789

Unaudited Condensed Consolidat5

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 26, 2016	Jun. 28, 2015
Cash flows from operating activities:
Net income	$ 10,312	$ 8,608
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	7,184	6,192
Amortization of loan origination costs	16	22
Stock-based compensation	1,058	805
Excess tax benefit from stock-based compensation	(2,540)	(67)
Loss on disposal of property and equipment	37	87
Amortization of deferred lease incentives	(1,001)	(804)
Deferred income taxes	104	2,284
Changes in operating assets and liabilities:
Accounts receivable	274	238
Inventories	(23)	(117)
Prepaid expenses and other current assets	(2,234)	(575)
Accounts payable	(973)	(1,409)
Accrued liabilities and deferred rent	7,374	3,897
Deferred lease incentives	2,519	3,995
Net cash provided by operating activities	22,107	23,156
Cash flows from investing activities:
Purchase of property and equipment	(20,029)	(10,563)
Purchase of other assets	(144)	(128)
Net cash used in investing activities	(20,173)	(10,691)
Cash flows from financing activities:
Borrowings under revolving line of credit	0	1,000
Payments under revolving line of credit	0	(9,750)
Excess tax benefit from stock-based compensation	2,540	67
Proceeds from the exercise of stock options	1,077	91
Indirect repurchase of shares for minimum tax withholdings	(311)	(54)
Net cash provided by (used in) financing activities	3,306	(8,646)
Net increase in cash and cash equivalents	5,240	3,819
Cash and cash equivalents, beginning of period	8,529	3,815
Cash and cash equivalents, end of period	13,769	7,634
Supplemental disclosure of non-cash investing and financing activities:
Property and equipment and other assets acquired by accounts payable	3,048	1,746
Supplemental cash flow disclosures:
Cash paid for interest	17	80
Cash paid for income taxes	$ 1,174	$ 1,966

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 26, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation Chuy’s Holdings, Inc. (the “Company” or “Chuy’s”) develops and operates 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 26, 2016 , the Company operated 75 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	6 Months Ended
	Jun. 26, 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. 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	6 Months Ended
	Jun. 26, 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 June 26, 2016 and June 28, 2015 there were approximately 3,000 and 47,000 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 weeks ended June 26, 2016 and June 28, 2015 there were approximately 1,000 and 59,000 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 26, 2016 June 28, 2015 June 26, 2016 June 28, 2015 BASIC Net income $ 5,780 $ 5,373 $ 10,312 $ 8,608 Weighted-average common shares outstanding 16,578,537 16,470,344 16,534,569 16,460,013 Basic net income per common share $ 0.35 $ 0.33 $ 0.62 $ 0.52 DILUTED Net income $ 5,780 $ 5,373 $ 10,312 $ 8,608 Weighted-average common shares outstanding 16,578,537 16,470,344 16,534,569 16,460,013 Dilutive effect of stock options and restricted stock units 262,092 260,619 280,078 248,776 Weighted-average of diluted shares 16,840,629 16,730,963 16,814,647 16,708,789 Diluted net income per common share $ 0.34 $ 0.32 $ 0.61 $ 0.52

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 26, 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 June 26, 2016 , a total of 818,333 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 $589,000 and $449,000 for the thirteen weeks ended June 26, 2016 and June 28, 2015 , respectively, and $1,058,000 and $805,000 for the twenty-six weeks ended June 26, 2016 and June 28, 2015 , respectively. Stock Options A summary of stock-based compensation activity related to stock options for the twenty-six weeks ended June 26, 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 (233,193 ) 4.62 Forfeited (3,637 ) 31.73 Outstanding at June 26, 2016 397,582 $ 16.01 4.66 $ 7,647 Exercisable at June 26, 2016 322,686 $ 13.79 4.20 $ 6,916 The aggregate intrinsic value in the table above is obtained by subtracting the exercise price from the estimated fair value of the underlying common stock as of June 26, 2016 and multiplying this result by the related number of options outstanding and exercisable at June 26, 2016 . The estimated fair value of the common stock as of June 26, 2016 used in the above calculation was $35.20 per share, the closing price of the Company’s common stock on June 24, 2016, the last trading day of the second quarter. The total intrinsic value of options exercised during the twenty-six weeks ended June 26, 2016 was $7.0 million . The fair value of options vested during the twenty-six weeks ended June 26, 2016 was $356,000 . There was approximately $552,000 of total unrecognized compensation costs related to options granted under the 2006 Plan and the 2012 Plan as of June 26, 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 twenty-six weeks ended June 26, 2016 are as follows: Shares Weighted Average Fair Value Weighted Outstanding at December 27, 2015 165,111 $ 29.72 Granted 88,505 34.50 Vested (44,930 ) 30.89 Forfeited (3,521 ) 30.39 Outstanding at June 26, 2016 205,165 $ 31.51 2.98 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 26, 2016 , total unrecognized stock-based compensation expense related to non-vested restricted stock units was approximately $5.8 million , which is expected to be recognized ratably through the year 2021 .

Long-Term Debt

Long-Term Debt	6 Months Ended
	Jun. 26, 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 June 26, 2016 the Company had no borrowings under our Revolving Credit Facility.

Accrued Liabilities

Accrued Liabilities	6 Months Ended
	Jun. 26, 2016
Payables and Accruals [Abstract]
Accrued Liabilities	Accrued Liabilities The major classes of accrued liabilities at June 26, 2016 and December 27, 2015 are summarized as follows: June 26, 2016 December 27, 2015 Accrued compensation and related benefits $ 10,270 $ 8,080 Sales and use tax 2,518 2,084 Other accruals 3,105 1,791 Deferred gift card revenue 1,374 1,645 Property tax 1,234 1,274 Total accrued liabilities $ 18,501 $ 14,874

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 26, 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	6 Months Ended
	Jun. 26, 2016
Subsequent Events [Abstract]
Subsequent Events	Subsequent events Subsequent to June 26, 2016 , the Company opened two new restaurants for a total of 77 restaurants, in 15 states.

Net Income Per Share (Tables)

Net Income Per Share (Tables)	6 Months Ended
	Jun. 26, 2016
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 26, 2016 June 28, 2015 June 26, 2016 June 28, 2015 BASIC Net income $ 5,780 $ 5,373 $ 10,312 $ 8,608 Weighted-average common shares outstanding 16,578,537 16,470,344 16,534,569 16,460,013 Basic net income per common share $ 0.35 $ 0.33 $ 0.62 $ 0.52 DILUTED Net income $ 5,780 $ 5,373 $ 10,312 $ 8,608 Weighted-average common shares outstanding 16,578,537 16,470,344 16,534,569 16,460,013 Dilutive effect of stock options and restricted stock units 262,092 260,619 280,078 248,776 Weighted-average of diluted shares 16,840,629 16,730,963 16,814,647 16,708,789 Diluted net income per common share $ 0.34 $ 0.32 $ 0.61 $ 0.52

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 26, 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 twenty-six weeks ended June 26, 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 (233,193 ) 4.62 Forfeited (3,637 ) 31.73 Outstanding at June 26, 2016 397,582 $ 16.01 4.66 $ 7,647 Exercisable at June 26, 2016 322,686 $ 13.79 4.20 $ 6,916
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 26, 2016 are as follows: Shares Weighted Average Fair Value Weighted Outstanding at December 27, 2015 165,111 $ 29.72 Granted 88,505 34.50 Vested (44,930 ) 30.89 Forfeited (3,521 ) 30.39 Outstanding at June 26, 2016 205,165 $ 31.51 2.98

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	6 Months Ended
	Jun. 26, 2016
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	The major classes of accrued liabilities at June 26, 2016 and December 27, 2015 are summarized as follows: June 26, 2016 December 27, 2015 Accrued compensation and related benefits $ 10,270 $ 8,080 Sales and use tax 2,518 2,084 Other accruals 3,105 1,791 Deferred gift card revenue 1,374 1,645 Property tax 1,234 1,274 Total accrued liabilities $ 18,501 $ 14,874

Basis of Presentation (Details)

Basis of Presentation (Details)	Jun. 26, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of Restaurants	75
Number of States in which Entity Operates	15

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. 26, 2016	Jun. 28, 2015	Jun. 26, 2016	Jun. 28, 2015
BASIC
Net income	$ 5,780	$ 5,373	$ 10,312	$ 8,608
Weighted-average common shares outstanding	16,578,537	16,470,344	16,534,569	16,460,013
Basic net income per common share	$ 0.35	$ 0.33	$ 0.62	$ 0.52
DILUTED
Net income	$ 5,780	$ 5,373	$ 10,312	$ 8,608
Weighted-average common shares outstanding	16,578,537	16,470,344	16,534,569	16,460,013
Dilutive effect of stock options and restricted stock units	262,092	260,619	280,078	248,776
Weighted-average of diluted shares	16,840,629	16,730,963	16,814,647	16,708,789
Diluted net income per common share	$ 0.34	$ 0.32	$ 0.61	$ 0.52

Net Income Per Share (Narrative

Net Income Per Share (Narrative) (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 26, 2016	Jun. 28, 2015	Jun. 26, 2016	Jun. 28, 2015
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	3,000	47,000	1,000	59,000

Stock-Based Compensation (Summa

Stock-Based Compensation (Summary of Stock-Based Compensation Activity) (Details) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 26, 2016USD ($)$ / sharesshares
Shares
Outstanding at December 27, 2015 | shares	634,412
Exercised | shares	(233,193)
Forfeited | shares	(3,637)
Outstanding at June 26, 2016 | shares	397,582
Exercisable at June 26, 2016 | shares	322,686
Weighted Average Exercise Price
Outstanding at December 27, 2015 | $ / shares	$ 11.91
Exercised | $ / shares	4.62
Forfeited | $ / shares	31.73
Outstanding at June 26, 2016 | $ / shares	16.01
Exercisable at June 26, 2016 | $ / shares	$ 13.79
Weighted Average Remaining Contractual Term (Years)
Outstanding at June 26, 2016	4 years 7 months 28 days
Exercisable at June 26, 2016	4 years 2 months 12 days
Aggregate Intrinsic Value
Outstanding at June 26, 2016 | $	$ 7,647
Exercisable at June 26, 2016 | $	$ 6,916

Stock-Based Compensation (Sum21

Stock-Based Compensation (Summary of Stock-Based Compensation Activity - Restricted Stock Units) (Details) $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 26, 2016USD ($)$ / sharesshares
Shares
Outstanding at December 27, 2015 | shares	165,111
Granted | shares	88,505
Vested | shares	(44,930)
Forfeited | shares	(3,521)
Outstanding at June 26, 2016 | shares	205,165
Weighted Average Fair Value
Outstanding at December 27, 2015 | $ / shares	$ 29.72
Granted | $ / shares	34.50
Vested | $ / shares	30.89
Forfeited | $ / shares	30.39
Outstanding at June 26, 2016 | $ / shares	$ 31.51
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	2 years 11 months 23 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 | $	$ 5.8

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative)(Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 26, 2016	Jun. 28, 2015	Jun. 26, 2016	Jun. 28, 2015	Jun. 24, 2016
Stock-based compensation	$ 589	$ 449	$ 1,058	$ 805
ShareBasedCompensationArrangementByShareBasedPaymentAwardEstimatedFairValueOfCommonStockPerShare					$ 35.20
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value			7,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value			$ 356
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	$ 552		$ 552
2012 Omnibus Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	818,333		818,333
2012 Omnibus Equity Incentive Plan [Member] | Restricted Stock Units (RSUs) [Member]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 5,800		$ 5,800
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]	6 Months Ended
	Jun. 26, 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	Jun. 26, 2016	Dec. 27, 2015
Payables and Accruals [Abstract]
Accrued compensation and related benefits	$ 10,270	$ 8,080
Sales and use tax	2,518	2,084
Other accruals	3,105	1,791
Deferred gift card revenue	1,374	1,645
Property tax	1,234	1,274
Total accrued liabilities	$ 18,501	$ 14,874

Subsequent Events (Details)

Subsequent Events (Details)	Aug. 04, 2016	Jun. 26, 2016
Subsequent Event [Line Items]
Number of Restaurants		75
Number of States in which Entity Operates		15
Subsequent Event [Member]
Subsequent Event [Line Items]
Number of New Restaurants	2
Number of Restaurants	77
Number of States in which Entity Operates	15