Chuy's (CHUY) 10-Q 22 May 20 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 29, 2020	May 08, 2020
Document Information [Line Items]
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Registrant Name	CHUY'S HOLDINGS, INC.
Entity Central Index Key	0001524931
Current Fiscal Year End Date	--12-27
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 29, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Entity Common Stock, Shares Outstanding		16,643,361
Amendment Flag	false
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Current Reporting Status	Yes

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 29, 2020	Dec. 29, 2019
CURRENT ASSETS
Cash and cash equivalents	$ 28,023	$ 10,074
Accounts receivable	957	1,426
Lease incentives receivable	400	250
Income tax receivable	1,214	0
Inventories	1,519	1,657
Prepaid expenses and other current assets	4,109	3,376
Total current assets	36,222	16,783
Property and equipment, net	196,436	210,750
Operating lease assets	162,859	169,299
Deferred tax asset	7,168	2,601
Other assets and intangible assets, net	760	667
Tradename	21,900	21,900
Goodwill	24,069	24,069
Total assets	449,414	446,069
CURRENT LIABILITIES
Accounts payable	6,196	4,253
Accrued liabilities	15,132	21,107
Operating lease liabilities	10,939	10,307
Income tax payable	0	532
Total current liabilities	32,267	36,199
Operating lease liabilities, less current portion	210,120	214,541
Other liabilities	631	393
Long-term debt	25,000	0
Total liabilities	268,018	251,133
Commitments and contingencies
Stockholders’ equity
Common stock, $0.01 par value; 60,000,000 shares authorized; 16,640,190 shares issued and outstanding at March 29, 2020 and 16,636,464 shares issued and outstanding at December 29, 2019	166	166
Preferred stock, $0.01 par value; 15,000,000 shares authorized and no shares issued or outstanding at March 29, 2020 and December 29, 2019	0	0
Paid-in capital	93,576	94,712
Retained earnings	87,654	100,058
Total stockholders’ equity	181,396	194,936
Total liabilities and stockholders’ equity	$ 449,414	$ 446,069

Unaudited Condensed Consolida_2

Unaudited Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 29, 2020	Dec. 29, 2019
Common stock - par value	$ 0.01	$ 0.01
Common stock - shares authorized	60,000,000	60,000,000
Common stock - shares issued	16,640,190	16,636,464
Common stock - shares outstanding	16,640,190	16,636,464
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 Consolida_3

Unaudited Condensed Consolidated Income Statements - USD ($) $ in Thousands	3 Months Ended
	Mar. 29, 2020	Mar. 31, 2019
Revenues	$ 94,500	$ 102,111
Costs and expenses:
Cost of sales	24,562	25,715
Labor	33,580	36,699
Operating	14,585	14,559
Occupancy	7,986	7,982
General and administrative	5,720	6,167
Marketing	1,009	1,451
Restaurant pre-opening	860	718
Impairment and closed restaurant costs	18,773	372
Depreciation and amortization	5,289	5,077
Total costs and expenses	112,364	98,740
(Loss) income from operations	(17,864)	3,371
Interest expense	52	39
(Loss) income before income taxes	(17,916)	3,332
Income tax (benefit) expense	(5,512)	115
Net (loss) income	$ (12,404)	$ 3,217
Net (loss) income per common share:
Basic	$ (0.75)	$ 0.19
Diluted	$ (0.75)	$ 0.19
Weighted-average shares outstanding:
Basic	16,635,340	16,870,154
Diluted	16,635,340	16,955,324

Statement of Stockholders' Equi

Statement of Stockholders' Equity Statement - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]
Beginning balance (in shares) at Dec. 30, 2018		16,856,373
Beginning balance at Dec. 30, 2018	$ 193,851	$ 169	$ 99,490	$ 94,192
Increase (Decrease) in Stockholders' Equity
Adoption of ASU 2016-02 Leases (Topic 842)	(349)	0	0	(349)
Stock-based compensation	798	$ 0	798	0
Proceeds from exercise of stock options		4,687
Proceeds from exercise of stock options	34	$ 0	34	0
Settlement of restricted stock units		115,688
Settlement of restricted stock units	1	$ 1	0	0
Repurchase of shares of common stock		(80,309)
Repurchase of shares of common stock	(1,818)	$ 1	(1,817)	0
Indirect repurchase of shares for minimum tax withholdings		(35,800)
Indirect repurchase of shares for minimum tax withholdings	(811)	$ 0	(811)	0
Net (loss) income	3,217	$ 0	0	3,217
End balance (in shares) at Mar. 31, 2019		16,860,639
End balance at Mar. 31, 2019	194,923	$ 169	97,694	97,060
Beginning balance (in shares) at Dec. 29, 2019		16,636,464
Beginning balance at Dec. 29, 2019	194,936	$ 166	94,712	100,058
Increase (Decrease) in Stockholders' Equity
Stock-based compensation	912	$ 0	912	0
Settlement of restricted stock units		134,530
Settlement of restricted stock units	$ 0	$ 1	(1)	0
Repurchase of shares of common stock	(90,000)	(90,144)
Repurchase of shares of common stock	$ (1,422)	$ (1)	(1,421)	0
Indirect repurchase of shares for minimum tax withholdings		(40,660)
Indirect repurchase of shares for minimum tax withholdings	(626)	$ 0	(626)	0
Net (loss) income	(12,404)	$ 0	0	(12,404)
End balance (in shares) at Mar. 29, 2020		16,640,190
End balance at Mar. 29, 2020	$ 181,396	$ 166	$ 93,576	$ 87,654

Unaudited Condensed Consolida_4

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 29, 2020	Mar. 31, 2019
Cash flows from operating activities:
Net (loss) income	$ (12,404)	$ 3,217
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	5,289	5,077
Amortization of operating lease assets	3,307	3,228
Amortization of loan origination costs	8	8
Loss on asset impairment	18,277	0
Stock-based compensation	856	750
Loss on disposal of property and equipment	196	181
Deferred income taxes	(4,567)	(274)
Changes in operating assets and liabilities:
Accounts receivable	469	597
Lease incentive receivable	(150)	315
Income tax receivable and payable	(1,746)	388
Inventories	138	(40)
Prepaid expenses and other current assets	(733)	(1,853)
Accounts payable	1,181	(2,603)
Accrued liabilities	(5,737)	1,943
Operating lease liabilities	(3,789)	(3,275)
Net cash provided by operating activities	595	7,659
Cash flows from investing activities:
Purchase of property and equipment	(5,498)	(5,866)
Purchase of other assets	(100)	(53)
Net cash used in investing activities	(5,598)	(5,919)
Cash flows from financing activities:
Borrowings under revolving line of credit	25,000	5,000
Payments under revolving line of credit	0	(5,000)
Repurchase of shares of common stock	(1,422)	(1,817)
Proceeds from the exercise of stock options	0	34
Indirect repurchase of shares for minimum tax withholdings	(626)	(811)
Net cash provided by (used in) financing activities	22,952	(2,594)
Net increase (decrease) in cash and cash equivalents	17,949	(854)
Cash and cash equivalents, beginning of period	10,074	8,199
Cash and cash equivalents, end of period	28,023	7,345
Supplemental disclosure of non-cash investing and financing activities:
Property and equipment and other assets acquired by accounts payable	762	174
Supplemental cash flow disclosures:
Cash paid for interest	30	17
Cash paid for income taxes	$ 829	$ 0

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 29, 2020
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 growing, full-service restaurant concept offering a distinct menu of authentic, freshly-prepared Mexican and Tex-Mex inspired food. As of March 29, 2020 , the Company operated 92 restaurants across 19 states and had nine restaurants temporarily closed due to the Coronavirus ("COVID-19") pandemic. 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 29, 2019 . The accompanying condensed consolidated balance sheet as of December 29, 2019 , 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 2020 and 2019 fiscal years both consist of 52 weeks. COVID-19 Pandemic During March 2020, the World Health Organization declared the COVID-19 outbreak to be a global pandemic and the United States declared a National Public Health Emergency. The COVID-19 pandemic has significantly impacted health and economic conditions throughout the United States. Federal, state and local governments took a variety of actions to contain the spread of COVID-19. Many jurisdictions where our restaurants are located required mandatory closures or imposed capacity limitations and other restrictions affecting our operations. As a result of these developments, the Company is experiencing a significant negative impact on its revenues, results of operations and cash flows which could negatively impact its ability to meet its obligations over the next twelve months. In response to the business disruption caused by the COVID-19 pandemic, the Company has taken the following actions, which management expects will enable it to meet its obligations over the next twelve months: • Transitioned its restaurants to an off-premise operating model starting the last week of March 2020 and temporarily closed 9 locations. The Company started to reopen some of its dining rooms during the week ending May 10, 2020 and as of May 21, 2020, the Company had reopened the dining rooms at approximately 70 restaurants at varying levels of limited capacity as allowed by federal, state and local governments. • Canceled or delayed all non-essential planned capital expenditures for the remainder of 2020. • Furloughed approximately 80% of hourly employees and approximately 40% of store management personnel, while enacting temporary salary reductions for remaining managers. In addition, the Company also furloughed certain corporate and administrative staff, temporarily reduced the pay of all remaining corporate and administrative staff by 25% to 50% , temporarily reduced senior management salaries by 50% to 75% , and temporarily suspended all board fees. • Temporarily suspended any further activity under its share repurchase program. • Fully drew down its $25.0 million revolving credit facility to preserve financial flexibility and liquidity. Subsequent to the first quarter of 2020, the Company amended its revolving credit facility to extend its maturity to April 30, 2022 and relax the financial covenants through the new maturity date. • Suspended the lease payments for months of April through June 2020. Currently in negotiations of rent concessions, abatements and deferrals with its landlords to reduce these lease payments. While some landlords have agreed to certain concessions, there can be no assurance that the Company will be successful in obtaining all of the relief it is seeking. • Engaged in and are continuing to engage in, discussions with various parties to explore financing opportunities to enhance liquidity. On May 5, 2020, the Company filed a $100.0 million shelf registration statement with the Securities and Exchange Commission. Once this registration statement becomes effective, the Company may offer and sell its common stock, preferred stock, debt securities and warrants in one or more offerings at prices and terms determined at the time of each offering. We cannot predict how soon we will be able to reopen all of our restaurants at full capacity, and our ability to reopen will depend in part on the actions of a number of governmental bodies over which we have no control. Moreover, once restrictions are lifted, it is unclear how quickly customers will return to our restaurants, which may be a function of continued concerns over safety and/or depressed consumer sentiment due to adverse economic conditions, including job losses.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 29, 2020
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company reviewed all 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 (Loss) Per Share

Net Income (Loss) Per Share	3 Months Ended
	Mar. 29, 2020
Earnings Per Share [Abstract]
Net Income Per Share	Net (Loss) Income Per Share The number of shares and net (loss) income per share data for all periods presented are based on the historical weighted-average shares of common stock outstanding. Basic net (loss) income per share of the Company's common stock is computed by dividing net (loss) income by the weighted-average number of shares of common stock outstanding for the period. Diluted net (loss) 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 March 29, 2020 and March 31, 2019 , there were approximately 70,986 and 37,000 shares, respectively, of common stock equivalents that were excluded from the calculation of diluted net (loss) income per share because their inclusion would have been anti-dilutive. The computation of basic and diluted net (loss) income per share is as follows: Thirteen Weeks Ended March 29, 2020 March 31, 2019 BASIC Net (loss) income $ (12,404 ) $ 3,217 Weighted-average common shares outstanding 16,635,340 16,870,154 Basic net (loss) income per common share $ (0.75 ) $ 0.19 DILUTED Net (loss) income $ (12,404 ) $ 3,217 Weighted-average common shares outstanding 16,635,340 16,870,154 Dilutive effect of stock options and restricted stock units — 85,170 Weighted-average of diluted shares 16,635,340 16,955,324 Diluted net (loss) income per common share $ (0.75 ) $ 0.19

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 29, 2020
Share-based Payment Arrangement [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. The 2006 Plan was terminated by the board effective July 27, 2012, and no further awards may be granted under the plan after such date. However, the termination of the 2006 Plan did not affect outstanding awards granted. Options granted under these plans vest over five years from the date of grant and have a maximum term of 10 years. As of March 29, 2020 the Company had 198,512 of stock options outstanding and exercisable with a remaining weighted average contractual term of 2.45 years. Restricted stock units granted under the 2012 Plan vest over four to five years from the date of grant. As of March 29, 2020 , a total of 69,850 shares of common stock are reserved and remain available for issuance under the 2012 Plan. Stock-based compensation expense recognized in the accompanying condensed consolidated income statements was approximately $856,000 and $750,000 for the thirteen weeks ended March 29, 2020 and March 31, 2019 , respectively. A summary of stock-based compensation activity related to restricted stock units for the thirteen weeks ended March 29, 2020 are as follows: Shares Weighted Average Fair Value Weighted Outstanding at December 29, 2019 406,205 $ 25.02 Granted 278,718 14.70 Vested (134,530 ) 26.27 Forfeited (6,346 ) 21.22 Outstanding at March 29, 2020 544,047 $ 19.47 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 March 29, 2020 , total unrecognized stock-based compensation expense related to non-vested restricted stock units was approximately $10.3 million . This amount is expected to be recognized evenly over the remaining vesting period of the grants.

Long-Term Debt

Long-Term Debt	3 Months Ended
	Mar. 29, 2020
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 March 29, 2020 , the Company had $25.0 million outstanding under our Revolving Credit Facility. Subsequent to the end of the first quarter of 2020, the Company entered into an amendment to its Revolving Credit Facility as described in the Note 13, Subsequent Events .

Accrued Liabilities

Accrued Liabilities	3 Months Ended
	Mar. 29, 2020
Payables and Accruals [Abstract]
Accrued Liabilities	Accrued Liabilities The major classes of accrued liabilities at March 29, 2020 and December 29, 2019 are summarized as follows: March 29, 2020 December 29, 2019 Accrued compensation and related benefits $ 5,676 $ 9,342 Other accruals 3,850 4,302 Sales and use tax 2,260 2,954 Property tax 1,553 2,220 Deferred gift card revenue 1,793 2,289 Total accrued liabilities $ 15,132 $ 21,107

Share Repurchase Program

Share Repurchase Program	3 Months Ended
	Mar. 29, 2020
Share Repurchase Program [Abstract]
Share repurchase program	Share Repurchase Program On October 31, 2019, the Company’s board of directors authorized a new share repurchase program under which the Company may, at its discretion, repurchase up to $30.0 million of its common stock through December 31, 2022. Repurchases of the Company's outstanding common stock will be made in accordance with applicable laws and may be made at management's discretion from time to time in the open market, through privately negotiated transactions or otherwise, including pursuant to Rule 10b5-1 trading plans. There is no guarantee as to the exact number of shares to be repurchased by the Company. The timing and extent of repurchases will depend upon several factors, including market and business conditions, regulatory requirements and other corporate considerations, and repurchases may be discontinued at any time. We repurchased approximately 90,000 shares of common stock for $1.4 million during the thirteen weeks ended March 29, 2020 . As of March 29, 2020 , we have $28.6 million remaining to be repurchased under this plan.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 29, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure	Commitments and Contingencies As of March 29, 2020 , 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.

Leases

Leases	3 Months Ended
	Mar. 29, 2020
Leases [Abstract]
Lessee, Operating Leases	Leases The Company determines if a contract contains a lease at inception. The Company's material long-term operating lease agreements are for the land and buildings for our restaurants as well as our corporate offices. The lease term begins on the date that the Company takes possession under the lease, including the pre-opening period during construction, when in many cases the Company is not making rent payments. The initial lease terms range from 10 years to 15 years, most of which include renewal options of 10 to 15 years. The lease term is generally the minimum of the noncancelable period or the lease term including renewal options which are reasonably certain of being exercised up to a term of approximately 20 years. Operating lease assets and liabilities are recognized at the lease commencement date for material leases with a term of greater than 12 months. Operating lease liabilities represent the present value of future minimum lease payments. Since our leases do not provide an implicit rate, our operating lease liabilities are calculated using the Company's secured incremental borrowing rate at lease commencement. We estimate this rate based on prevailing financial market conditions, comparable companies, credit analysis and management judgment. Minimum lease payments include only fixed lease components of the agreement, as well as variable rate payments that depend on an index, initially measured using the index at the lease commencement date. Operating lease assets represent our right to use an underlying asset and are based upon the operating lease liabilities adjusted for prepaid or accrued lease payments, initial direct costs and lease incentives. Lease incentives are recognized when earned and reduce our operating lease asset. They are amortized through the operating lease assets as reductions of rent expense over the lease term. Operating lease expense is recognized on a straight-line basis over the lease term. Variable lease payments that do not depend on a rate or index, escalation in the index subsequent to the initial measurement, payments associated with non-lease components such as common area maintenance, real estate taxes and insurance, and short-term lease payments (leases with a term with 12 months or less) are expensed as incurred. Certain of the Company’s operating leases contain clauses that provide for contingent rent based on a percentage of sales greater than certain specified target amounts. These variable payments are expensed when the achievement of the specified target that triggers the contingent rent is considered probable. As of March 29, 2020 , all of the Company's leases were operating. Components of operating lease costs are included in the occupancy, general and administrative expense and property and equipment, net: Thirteen Weeks Ended Lease cost March 29, 2020 March 31, 2019 Operating lease cost (a) $ 6,088 $ 6,012 Variable lease cost 123 252 $ 6,211 $ 6,264 (a) Includes short-term operating lease costs which are immaterial. Supplemental cash flow disclosures for the thirteen weeks ended March 29, 2020 and March 31, 2019 , respectively: Thirteen Weeks Ended March 29, 2020 March 31, 2019 Cash paid for operating lease liabilities 6,616 6,286 Operating lease assets obtained in exchange for operating lease liabilities (a) (923 ) 168,984 (a) The thirteen weeks ended March 29, 2020 includes a $6.6 million reduction to the operating lease assets and liabilities as a result of shortening the remaining life of certain leases. The thirteen weeks ended March 31, 2019 includes the transition adjustment for the adoption of Leases (Topic 842) of $170.3 million as well as a $1.3 million reduction to the operating lease assets and liabilities as a result of shortening the remaining life of certain leases. The Company recorded $0.2 million and $0.6 million in deferred lease incentives during the thirteen weeks ended March 29, 2020 and March 31, 2019 , respectively. Supplemental balance sheet and other lease disclosures: Operating leases Classification March 29, 2020 December 29, 2019 Right-of-use assets Operating lease assets $ 162,859 $ 169,299 Current lease liabilities Operating lease liability $ 10,939 $ 10,307 Non-current lease liabilities Operating lease liability, less current portion 210,120 214,541 Total lease liabilities $ 221,059 $ 224,848 Weighted average remaining lease term (in years) 14.4 15.0 Weighted average discount rate 7.9 % 7.8 % Future minimum rent payments for our operating leases for each of the next five years as of March 29, 2020 are as follows: Fiscal year ending: Remainder of 2020 $ 20,766 2021 27,980 2022 27,164 2023 27,578 2024 26,411 Thereafter 240,383 Total minimum lease payments 370,282 Less: imputed interest 149,223 Present value of lease liabilities $ 221,059 As of March 29, 2020 , operating lease payments exclude approximately $7.1 million of legally binding minimum lease payments for leases signed but which we have not yet taken possession.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 29, 2020
Income Tax Disclosure [Abstract]
Income Tax Disclosure	Income taxes On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) was signed into law. The CARES Act includes provisions that allow net operating losses in 2018, 2019 and 2020 to be carried back for up to five years and eliminates the 80% taxable income limitation on such net operating loss deductions if utilized before 2021. Additionally, the CARES Act includes an administrative correction of the depreciation recovery period for qualified improvement property ("QIP"), including certain restaurant leasehold improvement costs that will result in the acceleration of depreciation on these assets retroactive to 2018. As a result, we estimate we will receive federal tax refunds for a total of approximately $3.0 million for tax years 2020 and prior. The following is a reconciliation of the expected federal income taxes at the statutory rates of 21% for the thirteen weeks ended March 29, 2020 and March 31, 2019 : Thirteen Weeks Ended March 29, 2020 March 31, 2019 Expected income tax (benefit) expense (3,763 ) 700 State tax expense, net of federal benefit (305 ) 167 FICA tip credit (1,253 ) (882 ) Deferred tax balance adjustment (a) (533 ) — Other 342 130 Income tax (benefit) expense (5,512 ) 115 (a) Reflects the tax benefit recorded in the quarter associated with a carryback of federal net operating losses due to the CARES Act administrative correction of the deprecation recovery period for QIP. Deferred tax assets were $7.2 million and $2.6 million as of March 29, 2020 and March 31, 2019 , respectively. Deferred tax assets are reduced by a valuation allowance if, based on the weight of the available evidence, it is more likely than not that some or all of the deferred taxes will not be realized. Both positive and negative evidence is considered in forming management’s judgment as to whether a valuation allowance is appropriate, and more weight is given to evidence that can be objectively verified. The tax benefits relating to any reversal of the valuation allowance on the deferred tax assets would be recognized as a reduction of future income tax expense. As of March 29, 2020 the Company believes that it will realize all of the deferred tax assets. Therefore, no valuation allowance has been recorded.

Impairment and Closed Restauran

Impairment and Closed Restaurant Costs	3 Months Ended
	Mar. 29, 2020
Impairment & closed restaurant costs [Abstract]
Restructuring, Settlement and Impairment Provisions	Impairment and Closed Restaurant Costs The Company reviews long-lived assets, such as property and equipment and intangibles, subject to amortization, for impairment when events or circumstances indicate the carrying value of the assets may not be recoverable. In determining the recoverability of the asset value, an analysis is performed at the individual restaurant level and primarily includes an assessment of historical undiscounted cash flows and other relevant factors and circumstances. The Company evaluates future cash flow projections in conjunction with qualitative factors and future operating plans and regularly reviews any restaurants with a deficient level of cash flows for the previous 24 months to determine if impairment testing is necessary. Recoverability of assets to be held and used is measured by a comparison of the carrying value of the restaurant to its estimated future undiscounted cash flows. If the estimated undiscounted future cash flows are less than the carrying value, we determine if there is an impairment loss by comparing the carrying value of the restaurant to its estimated fair value. Based on this analysis, if the carrying value of the restaurant exceeds its estimated fair value, an impairment charge is recognized by the amount by which the carrying value exceeds the fair value. We make assumptions to estimate future cash flows and asset fair values. The estimated fair value is generally determined using the depreciated replacement cost method, the income approach, or discounted cash flow projections. Estimated future cash flows are highly subjective assumptions based on the Company’s projections and understanding of our business, historical operating results, and trends in sales and restaurant level operating costs. The Company’s impairment assessment process requires the use of estimates and assumptions regarding future cash flows and operating outcomes, which are based upon a significant degree of management judgment. The estimates used in the impairment analysis represent a Level 3 fair value measurement. The Company continues to assess the performance of restaurants and monitors the need for future impairment. Changes in the economic environment, real estate markets, capital spending, overall operating performance and underlying assumptions could impact these estimates and result in future impairment charges. The Company recorded impairment and closed restaurant costs as follows: Thirteen Weeks Ended March 29, 2020 March 31, 2019 Right of use asset impairment $ 3,133 — Property, plant, and equipment impairment 15,144 $ — Non-cash impairment charge 18,277 $ — Closed restaurant costs 496 372 Impairment and closed restaurant costs $ 18,773 $ 372 Closed restaurant costs represents on-going expenses to maintain the restaurants closed during fiscal 2019 such as rent expense, utility and insurance costs. COVID-19 had a negative impact on our assumptions for future restaurant level cash flows as well as changes in the expected life of certain operating lease assets. These changes in assumptions resulted in elevated impairment charges for the three months ended March 29, 2020 .

Goodwill & Other Intangibles

Goodwill & Other Intangibles	3 Months Ended
	Mar. 29, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure	Goodwill and Indefinite Life Intangibles Despite the significant excess fair value identified in our annual goodwill and indefinite life intangibles impairment assessments performed at the end of fiscal year 2019, we determined that the reduced cash flow projections and the significant decline in our market capitalization as a result of the COVID-19 pandemic indicates a potential impairment may exist. As a result, we performed an interim impairment assessment to determine if it was more likely than not that the goodwill and indefinite life intangible assets were impaired as of March 29, 2020. Goodwill The first step of the goodwill impairment test compares the implied estimated fair value of the reporting unit to the carrying amount, including goodwill. The Company considers all of its stores in total as one reporting unit. If the estimated fair value of the reporting unit is less than the carrying amount, then it is more likely than not that a goodwill impairment exits and a second step must be completed in order to determine the amount of the goodwill impairment. In the second step, the implied fair value of the goodwill is determined by allocating fair value to all of its assets and liabilities, other than goodwill, in a manner similar to a purchase price allocation. If the resulting implied fair value of the goodwill that results from the application of this second step is less than the carrying amount of the goodwill, an impairment charge is recorded for the difference. We determined that goodwill is not impaired as of March 29, 2020. Indefinite Life Intangibles An intangible asset is determined to have an indefinite useful life when there are no legal, regulatory, contractual, competitive, economic or other factors that may limit the period over which the asset is expected to contribute directly or indirectly to the future cash flows of the Company. Intangible assets acquired in a business combination are determined to have an indefinite useful life and are not amortized. As part of our impairment assessment we calculate the estimated fair value of the indefinite-lived intangible asset and compare it to the carrying value. Fair value is estimated primarily using future discounted cash flow projections in conjunction with qualitative factors and future operating plans. When the carrying value exceeds fair value, an impairment charge is recorded for the amount of the difference. The Company also evaluated intangible assets that are not being amortized to determine whether events and circumstances continue to support an indefinite useful life. If an intangible asset that is not being amortized is determined to have a finite useful life, the asset will be amortized prospectively over the estimated remaining useful life and accounted for in the same manner as intangible assets subject to amortization. We determined that indefinite life intangibles are not impaired as of March 29, 2020. The Company's impairment assessment process requires the use of estimates and assumptions including estimates and assumptions regarding the short and long-term impacts of COVID-19. Changes in the economic environment and the future effect that COVID-19 may have on our business could negatively impact our estimates and assumptions and result in future impairment charges.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 29, 2020
Subsequent Events [Abstract]
Subsequent Events	Subsequent events Subsequent to the first quarter of fiscal 2020, we amended the revolving credit facility to provide additional financial flexibility during the COVID-19 pandemic. The amendment extends the maturity date to April 30, 2022 and relaxes compliance with financial covenants through the new maturity date. This amendment requires the Company to be in compliance with a fixed charge coverage ratio, a leverage ratio and growth capital expenditure limits during both fiscal 2020 and 2021. Additionally, a $5.0 million monthly liquidity covenant was added as well as certain additional reporting requirements. The interest rate increased to LIBOR plus 2.75% with a LIBOR floor of 1.00% . This rate is effective through the end of the second quarter of fiscal 2020. After the second quarter of fiscal year 2020, the interest rate will be based on LIBOR plus percentages ranging from 2.25% and 2.75% depending on the Company's leverage ratio thereafter.

Net Income (Loss) Per Share (Ta

Net Income (Loss) Per Share (Tables)	3 Months Ended
	Mar. 29, 2020
Earnings Per Share [Abstract]
Basic net (loss) income per common share	The computation of basic and diluted net (loss) income per share is as follows: Thirteen Weeks Ended March 29, 2020 March 31, 2019 BASIC Net (loss) income $ (12,404 ) $ 3,217 Weighted-average common shares outstanding 16,635,340 16,870,154 Basic net (loss) income per common share $ (0.75 ) $ 0.19 DILUTED Net (loss) income $ (12,404 ) $ 3,217 Weighted-average common shares outstanding 16,635,340 16,870,154 Dilutive effect of stock options and restricted stock units — 85,170 Weighted-average of diluted shares 16,635,340 16,955,324 Diluted net (loss) income per common share $ (0.75 ) $ 0.19

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 29, 2020
Share-based Payment Arrangement [Abstract]
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 29, 2020 are as follows: Shares Weighted Average Fair Value Weighted Outstanding at December 29, 2019 406,205 $ 25.02 Granted 278,718 14.70 Vested (134,530 ) 26.27 Forfeited (6,346 ) 21.22 Outstanding at March 29, 2020 544,047 $ 19.47 2.98

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	3 Months Ended
	Mar. 29, 2020
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	The major classes of accrued liabilities at March 29, 2020 and December 29, 2019 are summarized as follows: March 29, 2020 December 29, 2019 Accrued compensation and related benefits $ 5,676 $ 9,342 Other accruals 3,850 4,302 Sales and use tax 2,260 2,954 Property tax 1,553 2,220 Deferred gift card revenue 1,793 2,289 Total accrued liabilities $ 15,132 $ 21,107

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 29, 2020
Leases [Abstract]
Supplemental Cash Flow Information	Supplemental cash flow disclosures for the thirteen weeks ended March 29, 2020 and March 31, 2019 , respectively: Thirteen Weeks Ended March 29, 2020 March 31, 2019 Cash paid for operating lease liabilities 6,616 6,286 Operating lease assets obtained in exchange for operating lease liabilities (a) (923 ) 168,984 (a) The thirteen weeks ended March 29, 2020 includes a $6.6 million reduction to the operating lease assets and liabilities as a result of shortening the remaining life of certain leases. The thirteen weeks ended March 31, 2019 includes the transition adjustment for the adoption of Leases (Topic 842) of $170.3 million as well as a $1.3 million reduction to the operating lease assets and liabilities as a result of shortening the remaining life of certain leases. The Company recorded $0.2 million and $0.6 million in deferred lease incentives during the thirteen weeks ended March 29, 2020 and March 31, 2019 , respectively.
Components of operating lease costs	Components of operating lease costs are included in the occupancy, general and administrative expense and property and equipment, net: Thirteen Weeks Ended Lease cost March 29, 2020 March 31, 2019 Operating lease cost (a) $ 6,088 $ 6,012 Variable lease cost 123 252 $ 6,211 $ 6,264 (a) Includes short-term operating lease costs which are immaterial.
Supplemental balance sheet information	Supplemental balance sheet and other lease disclosures: Operating leases Classification March 29, 2020 December 29, 2019 Right-of-use assets Operating lease assets $ 162,859 $ 169,299 Current lease liabilities Operating lease liability $ 10,939 $ 10,307 Non-current lease liabilities Operating lease liability, less current portion 210,120 214,541 Total lease liabilities $ 221,059 $ 224,848 Weighted average remaining lease term (in years) 14.4 15.0 Weighted average discount rate 7.9 % 7.8 %
Operating Lease Liability Maturity Schedule	Future minimum rent payments for our operating leases for each of the next five years as of March 29, 2020 are as follows: Fiscal year ending: Remainder of 2020 $ 20,766 2021 27,980 2022 27,164 2023 27,578 2024 26,411 Thereafter 240,383 Total minimum lease payments 370,282 Less: imputed interest 149,223 Present value of lease liabilities $ 221,059

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Mar. 29, 2020
Income Tax Disclosure [Abstract]
Schedule of Effective Income Tax Rate Reconciliation	The following is a reconciliation of the expected federal income taxes at the statutory rates of 21% for the thirteen weeks ended March 29, 2020 and March 31, 2019 : Thirteen Weeks Ended March 29, 2020 March 31, 2019 Expected income tax (benefit) expense (3,763 ) 700 State tax expense, net of federal benefit (305 ) 167 FICA tip credit (1,253 ) (882 ) Deferred tax balance adjustment (a) (533 ) — Other 342 130 Income tax (benefit) expense (5,512 ) 115 (a) Reflects the tax benefit recorded in the quarter associated with a carryback of federal net operating losses due to the CARES Act administrative correction of the deprecation recovery period for QIP.

Impairment and Closed Restaur_2

Impairment and Closed Restaurant Costs (Tables)	3 Months Ended
	Mar. 29, 2020
Impairment & closed restaurant costs [Abstract]
Impairment and closed restaurant costs	The Company recorded impairment and closed restaurant costs as follows: Thirteen Weeks Ended March 29, 2020 March 31, 2019 Right of use asset impairment $ 3,133 — Property, plant, and equipment impairment 15,144 $ — Non-cash impairment charge 18,277 $ — Closed restaurant costs 496 372 Impairment and closed restaurant costs $ 18,773 $ 372

Basis of Presentation (Details)

Basis of Presentation (Details) - USD ($) $ in Thousands	Mar. 29, 2020	Dec. 29, 2019
Debt Instrument [Line Items]
Long-term debt	$ 25,000	$ 0
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Long-term debt	$ 25,000

Basis of Presentation Salary Re

Basis of Presentation Salary Reductions (Details)	Mar. 29, 2020
Staff [Member] | Minimum [Member]
Salary Reduction [Line Items]
Staff Salary Reduction Amount	25.00%
Staff [Member] | Maximum [Member]
Salary Reduction [Line Items]
Staff Salary Reduction Amount	50.00%
Senior Management [Member] | Minimum [Member]
Salary Reduction [Line Items]
Senior Management Reduction Amount	50.00%
Senior Management [Member] | Maximum [Member]
Salary Reduction [Line Items]
Senior Management Reduction Amount	75.00%

Basis of Presentation Company I

Basis of Presentation Company Information (Details) $ in Millions	May 21, 2020	May 05, 2020USD ($)	Mar. 29, 2020
Subsequent Event [Line Items]
Number of Restaurants			92
Number of States in which Entity Operates			19
Closed restaurants			9
Furloughed Hourly Employees			80.00%
Furloughed Management Personnel			40.00%
Subsequent Event [Member]
Subsequent Event [Line Items]
Shelf Registration Amount		$ 100
Restaurants with Dine In	70

Net Income (Loss) Per Share (Co

Net Income (Loss) Per Share (Computation of Basic and Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 29, 2020	Mar. 31, 2019
BASIC
Net (loss) income	$ (12,404)	$ 3,217
Weighted-average common shares outstanding	16,635,340	16,870,154
Basic net (loss) income per common share	$ (0.75)	$ 0.19
DILUTED
Net (loss) income	$ (12,404)	$ 3,217
Weighted-average common shares outstanding	16,635,340	16,870,154
Dilutive effect of stock options and restricted stock units	0	85,170
Weighted-average of diluted shares	16,635,340	16,955,324
Diluted net (loss) income per common share	$ (0.75)	$ 0.19

Net Income (Loss) Per Share (Na

Net Income (Loss) Per Share (Narrative) (Details) - shares	3 Months Ended
	Mar. 29, 2020	Mar. 31, 2019
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	70,986	37,000

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 29, 2020	Mar. 31, 2019
Stock-based compensation	$ 856	$ 750
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	198,512
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	2 years 5 months 12 days
Share-based Payment Arrangement, 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
2012 Omnibus Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	69,850
2012 Omnibus Equity Incentive Plan [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 10,300
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

Stock-Based Compensation (Summa

Stock-Based Compensation (Summary of Stock-Based Compensation Activity - Restricted Stock Units) (Details)	3 Months Ended
	Mar. 29, 2020$ / sharesshares
Shares
Outstanding at December 29, 2019 | shares	406,205
Granted | shares	278,718
Vested | shares	(134,530)
Forfeited | shares	(6,346)
Outstanding at March 29, 2020 | shares	544,047
Weighted Average Fair Value
Outstanding at December 29, 2019 | $ / shares	$ 25.02
Granted | $ / shares	14.70
Vested | $ / shares	26.27
Forfeited | $ / shares	21.22
Outstanding at March 29, 2020 | $ / shares	$ 19.47
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

Long-Term Debt (Narrative) (Det

Long-Term Debt (Narrative) (Details) $ in Thousands	3 Months Ended
	Mar. 29, 2020USD ($)	Dec. 29, 2019USD ($)
Debt Instrument [Line Items]
Long-term debt	$ 25,000	$ 0
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 25,000
Debt Instrument, Maturity Date	Oct. 30, 2020
Line of Credit Facility Additional Borrowing Capacity	$ 25,000
Letters of Credit, Borrowing Capacity	5,000
Long-term debt	$ 25,000
Revolving Credit Facility [Member] | Federal Funds Rate [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.50%
Revolving Credit Facility [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.00%
Maximum [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, lease adjusted leverage ratio	3.50
Minimum [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, lease adjusted leverage ratio	1

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Mar. 29, 2020	Dec. 29, 2019
Payables and Accruals [Abstract]
Accrued compensation and related benefits	$ 5,676	$ 9,342
Other accruals	3,850	4,302
Sales and use tax	2,260	2,954
Property tax	1,553	2,220
Deferred gift card revenue	1,793	2,289
Total accrued liabilities	$ 15,132	$ 21,107

Share Repurchase Program (Detai

Share Repurchase Program (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 29, 2020	Mar. 31, 2019	Oct. 31, 2018
Share Repurchase Program [Abstract]
Stock Repurchase Program, Number of Shares Authorized to be Repurchased			$ 30,000
Repurchase of shares of common stock (in shares)	90,000
Repurchase of shares of common stock	$ 1,422	$ 1,818
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 28,600

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 29, 2020USD ($)
Lessee, Lease, Description [Line Items]
Operating Lease Payments, Minimum Lease Payments Excluded, Not Yet Taken Possession of Leases	$ 7.1
Initial lease term	20 years
Minimum [Member]
Lessee, Lease, Description [Line Items]
Initial lease term	10 years
Lease terms renewal	10 years
Maximum [Member]
Lessee, Lease, Description [Line Items]
Initial lease term	15 years
Lease terms renewal	15 years

Leases - Supplmental cash flow

Leases - Supplmental cash flow disclosures (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 29, 2020	Mar. 31, 2019
Leases [Abstract]
Cash paid for operating lease liabilities	$ 6,616	$ 6,286
Operating lease assets obtained in exchange for operating lease liabilities (a)	(923)	(168,984)
Change In Operating Lease Assets and Liabilities Due to Lease Remeasurement	6,600	1,300
842 Transition Adjustment		170,300
Deferred lease incentives	$ 200	$ 600

Leases - Components of operatin

Leases - Components of operating lease costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 29, 2020	Mar. 31, 2019
Leases [Abstract]
Operating lease cost	$ 6,088	$ 6,012
Variable lease cost	123	252
Lease cost	$ 6,211	$ 6,264

Leases - Supplemental balance s

Leases - Supplemental balance sheet disclosures (Details) - USD ($) $ in Thousands	Mar. 29, 2020	Dec. 29, 2019
Leases [Abstract]
Operating lease assets	$ 162,859	$ 169,299
Operating lease liability	10,939	10,307
Operating lease liability, less current portion	210,120	214,541
Operating Lease, Liability	$ 221,059	$ 224,848
Weighted average remaining lease term (in years)	14 years 4 months 24 days	15 years
Weighted average discount rate	7.90%	7.80%

Leases - Future minimum rent pa

Leases - Future minimum rent payments (Details) - USD ($) $ in Thousands	Mar. 29, 2020	Dec. 29, 2019
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
Remainder of 2020	$ 20,766
2021	27,980
2022	27,164
2023	27,578
2024	26,411
Thereafter	240,383
Total minimum lease payments	370,282
Less: imputed interest	149,223
Operating Lease, Liability	$ 221,059	$ 224,848

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 29, 2020	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Expected income tax (benefit) expense	$ (3,763)	$ 700
State tax expense, net of federal benefit	(305)	167
FICA tip credit	(1,253)	(882)
Deferred tax balance adjustment (a)	(533)	0
Other	342	130
Income tax (benefit) expense	$ (5,512)	$ 115

Income Taxes Narrative (Details

Income Taxes Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 29, 2020	Dec. 29, 2019	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%
Deferred tax asset	$ 7,168	$ 2,601	$ 2,600
Estimated Tax Refund CARES Act	$ 3,000

Impairment and Closed Restaur_3

Impairment and Closed Restaurant Costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 29, 2020	Mar. 31, 2019
Impairment & closed restaurant costs [Abstract]
Right of use asset impairment	$ 3,133	$ 0
Property, plant, and equipment impairment	15,144	0
Non-cash impairment charge	18,277	0
Closed restaurant costs	496	372
Impairment and closed restaurant costs	$ 18,773	$ 372

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event [Member] $ in Millions	May 21, 2020USD ($)
Subsequent Event [Line Items]
Liquidity Covenant (amount)	$ 5
Basis Spread - Current	2.75%
Debt Benchmark Rate Floor	1.00%
Minimum [Member]
Subsequent Event [Line Items]
Basis Spread	2.25%
Maximum [Member]
Subsequent Event [Line Items]
Basis Spread	2.75%