Chuy's (CHUY) 10-Q 4 Aug 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 25, 2017	Jul. 28, 2017
Document Information [Line Items]
Entity Registrant Name	CHUY'S HOLDINGS, INC.
Entity Central Index Key	1,524,931
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 25, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Entity Common Stock, Shares Outstanding		16,905,623
Amendment Flag	false

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 25, 2017	Dec. 25, 2016
CURRENT ASSETS
Cash and cash equivalents	$ 19,746	$ 13,694
Accounts receivable	1,003	1,132
Lease incentives receivable	2,794	4,022
Inventories	1,278	1,451
Income tax receivable	967	2,183
Prepaid expenses and other current assets	5,313	5,207
Total current assets	31,101	27,689
Property and equipment, net	177,711	165,150
Other assets and intangible assets, net	2,047	1,920
Tradename	21,900	21,900
Goodwill	24,069	24,069
Total assets	256,828	240,728
CURRENT LIABILITIES
Accounts payable	8,586	8,014
Accrued liabilities	17,618	17,757
Deferred lease incentives	2,455	2,335
Total current liabilities	28,659	28,106
Deferred tax liability, net	16,055	13,769
Accrued deferred rent	10,351	9,169
Incentive from Lessor	33,721	32,619
Total liabilities	88,786	83,663
Commitments and contingencies
Stockholders’ equity
Common stock, $0.01 par value; 60,000,000 shares authorized; 16,904,023 shares issued and outstanding at June 25, 2017 and 16,839,348 shares issued and outstanding at December 25, 2016	169	168
Preferred stock, $0.01 par value; 15,000,000 shares authorized and no shares issued or outstanding at June 25, 2017 and December 25, 2016	0	0
Paid-in capital	98,297	97,200
Retained earnings	69,576	59,697
Total stockholders’ equity	168,042	157,065
Total liabilities and stockholders’ equity	$ 256,828	$ 240,728

Unaudited Condensed Consolidat3

Unaudited Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 25, 2017	Dec. 25, 2016
Common stock - par value	$ 0.01	$ 0.01
Common stock - shares authorized	60,000,000	60,000,000
Common stock - shares issued	16,904,023	16,839,348
Common stock - shares outstanding	16,904,023	16,839,348
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. 25, 2017	Jun. 26, 2016	Jun. 25, 2017	Jun. 26, 2016
Revenue	$ 94,472	$ 87,909	$ 181,376	$ 165,963
Costs and expenses:
Cost of sales	24,449	22,397	46,274	42,395
Labor	31,732	28,708	61,431	54,388
Operating	13,164	12,034	25,196	22,590
Occupancy	6,324	5,637	12,445	10,942
General and administrative	4,704	4,870	9,576	9,403
Marketing	712	692	1,343	1,275
Restaurant pre-opening	1,722	1,534	2,824	2,967
Depreciation and amortization	4,307	3,707	8,468	7,184
Total costs and expenses	87,114	79,579	167,557	151,144
Income from operations	7,358	8,330	13,819	14,819
Interest expense	16	16	32	31
Income before income taxes	7,342	8,314	13,787	14,788
Income tax expense	2,013	2,534	3,908	4,476
Net income	$ 5,329	$ 5,780	$ 9,879	$ 10,312
Net income per common share:
Basic	$ 0.32	$ 0.35	$ 0.59	$ 0.62
Diluted	$ 0.31	$ 0.34	$ 0.58	$ 0.61
Weighted-average shares outstanding:
Basic	16,899,249	16,578,537	16,877,262	16,534,569
Diluted	17,016,006	16,840,629	17,006,845	16,814,647

Unaudited Condensed Consolidat5

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 25, 2017	Jun. 26, 2016
Cash flows from operating activities:
Net income	$ 9,879	$ 10,312
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	8,468	7,184
Amortization of loan origination costs	16	16
Stock-based compensation	1,354	1,058
Excess tax benefit from stock-based compensation	0	(2,540)
Loss on disposal of property and equipment	14	37
Amortization of deferred lease incentives	(1,192)	(1,001)
Deferred income taxes	2,286	104
Changes in operating assets and liabilities:
Accounts receivable	129	274
Inventories	173	(23)
Income tax receivable	1,216	658
Prepaid expenses and other current assets	(106)	(2,234)
Accounts payable	(1,844)	(973)
Accrued liabilities and deferred rent	1,043	6,716
Deferred lease incentives	3,642	2,519
Net cash provided by operating activities	25,078	22,107
Cash flows from investing activities:
Purchase of property and equipment	(18,469)	(20,029)
Purchase of other assets	(200)	(144)
Net cash used in investing activities	(18,669)	(20,173)
Cash flows from financing activities:
Borrowings under revolving line of credit	0	2,000
Payments under revolving line of credit	0	(2,000)
Excess tax benefit from stock-based compensation	0	2,540
Proceeds from the exercise of stock options	125	1,077
Indirect repurchase of shares for minimum tax withholdings	(482)	(311)
Net cash (used in) provided by financing activities	(357)	3,306
Net increase in cash and cash equivalents	6,052	5,240
Cash and cash equivalents, beginning of period	13,694	8,529
Cash and cash equivalents, end of period	19,746	13,769
Supplemental disclosure of non-cash investing and financing activities:
Property and equipment and other assets acquired by accounts payable	2,416	3,048
Supplemental cash flow disclosures:
Cash paid for interest	16	17
Cash paid for income taxes	$ 406	$ 1,174

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 25, 2017
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 25, 2017 , the Company operated 85 restaurants in 18 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 25, 2016 . The accompanying condensed consolidated balance sheet as of December 25, 2016 , 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 2017 fiscal year will consist of 53 weeks and our 2016 fiscal year consisted of 52 weeks. Certain prior year amounts have been reclassified in our unaudited condensed consolidated financial statements to conform to current year presentation.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Jun. 25, 2017
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Leases In February 2016, the Financial Accounting Standards Board ("FASB") issued ASU 2016-02, "Leases (Topic 842)." 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 adoption of this ASU will have a significant impact on the Company's consolidated balance sheet as it will record material assets and obligations for current operating leases for which the Company is the lessee. In regards to implementation, the Company is currently evaluating the guidance and its impact of adoption on its consolidated income statements. The Company does not expect the adoption of this new guidance to have a material impact on the Company's cash flows and liquidity. The Company is currently unable to estimate the impact on our consolidated financial statements. Revenue Recognition In May 2014, the FASB issued Accounting Standards Update ("ASU") 2014-09, "Revenue with Contracts from Customers (Topic 606)." 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. In regards to implementation, the Company is currently evaluating the guidance and it does not expect the adoption of this ASU to have a material impact on the Company’s consolidated financial statements. Stock Compensation In March 2016, the FASB issued ASU 2016-09, "Improvements to Employee Share-Based Payment Accounting (Topic 718)." 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 was effective for interim and annual periods beginning after December 15, 2016. The Company adopted ASU 2016-09 in the first quarter of 2017 and elected to apply this adoption prospectively. All excess tax benefits and deficiencies are recognized in the income tax expense line item on the Company's consolidated income statements, and are included within the changes in the income tax receivable line item on the consolidated statement of cash flows. The Company has elected to recognize forfeitures for awards with a requisite service period as they occur. The adoption of this ASU was immaterial to the Company's consolidated financial statements. The Company reviewed all other recently issued accounting pronouncements and concluded that they were either not applicable or not expected to have a significant impact on the Company's consolidated financial statements.

Net Income Per Share

Net Income Per Share	6 Months Ended
	Jun. 25, 2017
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 herein as "restricted stock units"). For the thirteen weeks ended June 25, 2017 and June 26, 2016 , there were approximately 25,000 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. For the twenty-six weeks ended June 25, 2017 and June 26, 2016 , there were approximately 8,000 and 1,000 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 25, 2017 June 26, 2016 June 25, 2017 June 26, 2016 BASIC Net income $ 5,329 $ 5,780 $ 9,879 $ 10,312 Weighted-average common shares outstanding 16,899,249 16,578,537 16,877,262 16,534,569 Basic net income per common share $ 0.32 $ 0.35 $ 0.59 $ 0.62 DILUTED Net income $ 5,329 $ 5,780 $ 9,879 $ 10,312 Weighted-average common shares outstanding 16,899,249 16,578,537 16,877,262 16,534,569 Dilutive effect of stock options and restricted stock units 116,757 262,092 129,583 280,078 Weighted-average of diluted shares 17,016,006 16,840,629 17,006,845 16,814,647 Diluted net income per common share $ 0.31 $ 0.34 $ 0.58 $ 0.61

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 25, 2017
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 25, 2017 , a total of 706,845 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 approximately $757,000 and $589,000 for the thirteen weeks ended June 25, 2017 and June 26, 2016 , respectively, and $ 1,354,000 and $ 1,058,000 for the twenty-six weeks ended June 25, 2017 and June 26, 2016 , respectively. Stock Options A summary of stock-based compensation activity related to stock options for the twenty-six weeks ended June 25, 2017 are as follows: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding at December 25, 2016 316,027 $ 18.64 Exercised (16,799 ) 7.44 Forfeited (5,846 ) 29.27 Outstanding at June 25, 2017 293,382 $ 19.07 4.56 $ 1,717 Exercisable at June 25, 2017 262,116 $ 18.04 4.41 $ 1,712 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 25, 2017 and multiplying this result by the related number of options outstanding and exercisable at June 25, 2017 . The estimated fair value of the common stock as of June 25, 2017 used in the above calculation was $22.15 per share, the closing price of the Company’s common stock on June 23, 2017, the last trading day of the second quarter. The total intrinsic value of options exercised during the twenty-six weeks ended June 25, 2017 was approximately $362,000 . The fair value of options vested during the twenty-six weeks ended June 25, 2017 was approximately $262,000 . There was approximately $209,000 of total unrecognized compensation costs related to options granted under the 2006 Plan and the 2012 Plan as of June 25, 2017 . These costs will be recognized ratably over the next three years. Restricted Stock Units A summary of stock-based compensation activity related to restricted stock units for the twenty-six weeks ended June 25, 2017 are as follows: Shares Weighted Average Fair Value Weighted Outstanding at December 25, 2016 206,750 $ 31.57 Granted 121,486 28.31 Vested (65,127 ) 32.14 Forfeited (4,228 ) 29.91 Outstanding at June 25, 2017 258,881 $ 29.92 2.92 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 25, 2017 , total unrecognized stock-based compensation expense related to non-vested restricted stock units was approximately $6.8 million , which is expected to be recognized ratably over the next five years.

Long-Term Debt

Long-Term Debt	6 Months Ended
	Jun. 25, 2017
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 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 25, 2017 the Company had no borrowings under our Revolving Credit Facility.

Accrued Liabilities

Accrued Liabilities	6 Months Ended
	Jun. 25, 2017
Payables and Accruals [Abstract]
Accrued Liabilities	Accrued Liabilities The major classes of accrued liabilities at June 25, 2017 and December 25, 2016 are summarized as follows: June 25, 2017 December 25, 2016 Accrued compensation and related benefits $ 7,536 $ 7,572 Other accruals 3,221 3,061 Sales and use tax 2,603 2,200 Deferred gift card revenue 1,533 2,074 Accrued closure costs 1,483 1,659 Property tax 1,242 1,191 Total accrued liabilities $ 17,618 $ 17,757

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 25, 2017
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 condensed consolidated financial position, results of operations, or cash flows.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 25, 2017
Subsequent Events [Abstract]
Subsequent Events	Subsequent events Subsequent to June 25, 2017 , the Company opened one new restaurant for a total of 86 restaurants, in 19 states.

Net Income Per Share (Tables)

Net Income Per Share (Tables)	6 Months Ended
	Jun. 25, 2017
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 25, 2017 June 26, 2016 June 25, 2017 June 26, 2016 BASIC Net income $ 5,329 $ 5,780 $ 9,879 $ 10,312 Weighted-average common shares outstanding 16,899,249 16,578,537 16,877,262 16,534,569 Basic net income per common share $ 0.32 $ 0.35 $ 0.59 $ 0.62 DILUTED Net income $ 5,329 $ 5,780 $ 9,879 $ 10,312 Weighted-average common shares outstanding 16,899,249 16,578,537 16,877,262 16,534,569 Dilutive effect of stock options and restricted stock units 116,757 262,092 129,583 280,078 Weighted-average of diluted shares 17,016,006 16,840,629 17,006,845 16,814,647 Diluted net income per common share $ 0.31 $ 0.34 $ 0.58 $ 0.61

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 25, 2017
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 25, 2017 are as follows: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding at December 25, 2016 316,027 $ 18.64 Exercised (16,799 ) 7.44 Forfeited (5,846 ) 29.27 Outstanding at June 25, 2017 293,382 $ 19.07 4.56 $ 1,717 Exercisable at June 25, 2017 262,116 $ 18.04 4.41 $ 1,712
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 25, 2017 are as follows: Shares Weighted Average Fair Value Weighted Outstanding at December 25, 2016 206,750 $ 31.57 Granted 121,486 28.31 Vested (65,127 ) 32.14 Forfeited (4,228 ) 29.91 Outstanding at June 25, 2017 258,881 $ 29.92 2.92

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	6 Months Ended
	Jun. 25, 2017
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	The major classes of accrued liabilities at June 25, 2017 and December 25, 2016 are summarized as follows: June 25, 2017 December 25, 2016 Accrued compensation and related benefits $ 7,536 $ 7,572 Other accruals 3,221 3,061 Sales and use tax 2,603 2,200 Deferred gift card revenue 1,533 2,074 Accrued closure costs 1,483 1,659 Property tax 1,242 1,191 Total accrued liabilities $ 17,618 $ 17,757

Basis of Presentation (Details)

Basis of Presentation (Details)	Jun. 25, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of Restaurants	85
Number of States in which Entity Operates	18

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. 25, 2017	Jun. 26, 2016	Jun. 25, 2017	Jun. 26, 2016
BASIC
Net income	$ 5,329	$ 5,780	$ 9,879	$ 10,312
Weighted-average common shares outstanding	16,899,249	16,578,537	16,877,262	16,534,569
Basic net income per common share	$ 0.32	$ 0.35	$ 0.59	$ 0.62
DILUTED
Net income	$ 5,329	$ 5,780	$ 9,879	$ 10,312
Weighted-average common shares outstanding	16,899,249	16,578,537	16,877,262	16,534,569
Dilutive effect of stock options and restricted stock units	116,757	262,092	129,583	280,078
Weighted-average of diluted shares	17,016,006	16,840,629	17,006,845	16,814,647
Diluted net income per common share	$ 0.31	$ 0.34	$ 0.58	$ 0.61

Net Income Per Share (Narrative

Net Income Per Share (Narrative) (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 25, 2017	Jun. 26, 2016	Jun. 25, 2017	Jun. 26, 2016
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	25,000	3,000	8,000	1,000

Stock-Based Compensation (Summa

Stock-Based Compensation (Summary of Stock-Based Compensation Activity - Stock Options) (Details) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 25, 2017USD ($)$ / sharesshares
Shares
Outstanding at December 25, 2016 | shares	316,027
Exercised | shares	(16,799)
Forfeited | shares	(5,846)
Outstanding at June 25, 2017 | shares	293,382
Exercisable at June 25, 2017 | shares	262,116
Weighted Average Exercise Price
Outstanding at December 25, 2016 | $ / shares	$ 18.64
Exercised | $ / shares	7.44
Forfeited | $ / shares	29.27
Outstanding at June 25, 2017 | $ / shares	19.07
Exercisable at June 25, 2017 | $ / shares	$ 18.04
Weighted Average Remaining Contractual Term (Years)
Outstanding at June 25, 2017	4 years 6 months 22 days
Exercisable at June 25, 2017	4 years 4 months 28 days
Aggregate Intrinsic Value
Outstanding at June 25, 2017 | $	$ 1,717
Exercisable at June 25, 2017 | $	$ 1,712

Stock-Based Compensation (Sum21

Stock-Based Compensation (Summary of Stock-Based Compensation Activity - Restricted Stock Units) (Details)	6 Months Ended
	Jun. 25, 2017$ / sharesshares
Shares
Outstanding at December 25, 2016 | shares	206,750
Granted | shares	121,486
Vested | shares	(65,127)
Forfeited | shares	(4,228)
Outstanding at June 25, 2017 | shares	258,881
Weighted Average Fair Value
Outstanding at December 25, 2016 | $ / shares	$ 31.57
Granted | $ / shares	28.31
Vested | $ / shares	32.14
Forfeited | $ / shares	29.91
Outstanding at June 25, 2017 | $ / shares	$ 29.92
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 1 day

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative)(Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 25, 2017	Jun. 26, 2016	Jun. 25, 2017	Jun. 26, 2016	Jun. 23, 2017
Stock-based compensation	$ 757	$ 589	$ 1,354	$ 1,058
ShareBasedCompensationArrangementByShareBasedPaymentAwardEstimatedFairValueOfCommonStockPerShare					$ 22.15
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value			362
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value			$ 262
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	$ 209		$ 209
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition			3 years
2012 Omnibus Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	706,845		706,845
2012 Omnibus Equity Incentive Plan [Member] | Restricted Stock Units (RSUs) [Member]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 6,800		$ 6,800
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition			5 years
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. 25, 2017USD ($)
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. 25, 2017	Dec. 25, 2016
Payables and Accruals [Abstract]
Accrued compensation and related benefits	$ 7,536	$ 7,572
Other Accrued Liabilities, Current	3,221	3,061
Sales and use tax	2,603	2,200
Deferred gift card revenue	1,533	2,074
Accrued closure costs	1,483	1,659
Property tax	1,242	1,191
Total accrued liabilities	$ 17,618	$ 17,757

Subsequent Events (Details)

Subsequent Events (Details)	Aug. 04, 2017Restaurant	Jun. 25, 2017
Subsequent Event [Line Items]
Number of Restaurants		85
Number of States in which Entity Operates		18
Subsequent Event [Member]
Subsequent Event [Line Items]
Number of New Restaurants	1
Number of Restaurants	86
Number of States in which Entity Operates	19