Chuy's (CHUY) 10-Q 4 Nov 22 2022 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 25, 2022	Oct. 28, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 25, 2022
Document Transition Report	false
Entity File Number	001-35603
Entity Registrant Name	CHUY’S HOLDINGS, INC.
Amendment Flag	false
Entity Central Index Key	0001524931
Current Fiscal Year End Date	--12-25
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-5717694
Entity Address, Address Line One	1623 Toomey Rd.
Entity Address, City or Town	Austin
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	78704
City Area Code	(512)
Local Phone Number	473-2783
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	CHUY
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		17,996,293
Entity Filer Category	Large Accelerated Filer

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 25, 2022	Dec. 26, 2021
Current assets:
Cash and cash equivalents	$ 84,126	$ 106,621
Accounts receivable	1,647	1,811
Inventories	1,622	1,676
Income tax receivable	0	1,083
Prepaid expenses and other current assets	5,058	3,273
Total current assets	92,453	114,464
Property and equipment, net	184,148	179,369
Operating lease assets	149,036	148,444
Deferred tax asset, net	4,903	5,400
Other assets and intangible assets, net	2,891	1,678
Tradename	21,900	21,900
Goodwill	24,069	24,069
Total assets	479,400	495,324
Current liabilities:
Accounts payable	6,634	4,127
Accrued liabilities	23,952	25,242
Operating lease liabilities	12,403	13,003
Income tax payable	53	0
Total current liabilities	43,042	42,372
Operating lease liabilities, less current portion	185,443	188,735
Other liabilities	1,956	1,423
Total liabilities	230,441	232,530
Contingencies
Stockholders’ equity:
Common stock, $0.01 par value; 60,000,000 shares authorized; 18,323,647 shares issued and outstanding at September 25, 2022 and 19,538,058 shares issued and outstanding at December 26, 2021	183	195
Preferred stock, $0.01 par value; 15,000,000 shares authorized and no shares issued or outstanding at September 25, 2022 and December 26, 2021	0	0
Paid-in capital	103,458	135,659
Retained earnings	145,318	126,940
Total stockholders’ equity	248,959	262,794
Total liabilities and stockholders’ equity	$ 479,400	$ 495,324

Unaudited Condensed Consolida_2

Unaudited Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 25, 2022	Dec. 26, 2021
Statement of Financial Position [Abstract]
Common stock - par value (in dollars per share)	$ 0.01
Common stock - shares authorized	60,000,000
Common stock - shares issued	18,323,647	19,538,058
Common stock - shares outstanding	18,323,647	19,538,058
Preferred stock - par value (in dollars per share)	$ 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		9 Months Ended
	Sep. 25, 2022	Sep. 26, 2021	Sep. 25, 2022	Sep. 26, 2021
Income Statement [Abstract]
Revenue	$ 106,682	$ 101,939	$ 318,114	$ 297,802
Costs and expenses:
Cost of sales	29,149	24,972	86,266	70,984
Labor	32,378	29,776	94,470	84,911
Operating	17,441	15,001	51,164	44,416
Occupancy	7,490	7,351	22,698	22,049
General and administrative	6,700	6,996	19,848	20,523
Marketing	1,541	1,136	4,568	3,351
Restaurant pre-opening	266	349	733	1,641
Impairment, closed restaurant and other costs	1,190	3,973	3,203	7,721
Depreciation	5,102	5,093	15,065	15,097
Total costs and expenses	101,257	94,647	298,015	270,693
Income from operations	5,425	7,292	20,099	27,109
Interest (income) expense, net	(331)	74	(378)	118
Income before income taxes	5,756	7,218	20,477	26,991
Income tax expense	767	1,218	2,099	2,807
Net income	$ 4,989	$ 6,000	$ 18,378	$ 24,184
Net income per common share:
Basic (in dollars per share)	$ 0.27	$ 0.30	$ 0.97	$ 1.22
Diluted (in dollars per share)	$ 0.27	$ 0.30	$ 0.97	$ 1.20
Weighted-average shares outstanding:
Basic (in shares)	18,685,401	19,913,355	18,901,542	19,882,265
Diluted (in shares)	18,761,263	20,100,811	19,010,238	20,141,107

Statement of Stockholders' Equi

Statement of Stockholders' Equity Statement - USD ($) $ in Thousands	Total	Common Stock	Paid-in Capital	Retained Earnings
Beginning balance (in shares) at Dec. 27, 2020		19,710,549
Beginning balance at Dec. 27, 2020	$ 241,858	$ 197	$ 144,897	$ 96,764
Increase (Decrease) in Stockholders' Equity
Stock-based compensation	3,039	$ 0	3,039	0
Proceeds from exercise of stock options		163,354
Proceeds from exercise of stock options	3,761	$ 2	3,759	0
Settlement of restricted stock units (in shares)		181,966
Settlement of restricted stock units	0	$ 2	(2)	0
Repurchase of shares of common stock (in shares)		(196,569)
Repurchase of shares of common stock	(6,117)	$ (2)	(6,115)	0
Indirect repurchase of shares for minimum tax withholdings (in shares)		(57,303)
Indirect repurchase of shares for minimum tax withholdings	(2,530)	$ (1)	(2,529)	0
Net income	24,184	$ 0	0	24,184
End balance (in shares) at Sep. 26, 2021		19,801,997
End balance at Sep. 26, 2021	264,195	$ 198	143,049	120,948
Beginning balance (in shares) at Jun. 27, 2021		19,997,123
Beginning balance at Jun. 27, 2021	263,339	$ 200	148,191	114,948
Increase (Decrease) in Stockholders' Equity
Stock-based compensation	995	$ 0	995	0
Settlement of restricted stock units (in shares)		2,148
Settlement of restricted stock units	0	$ 0	0	0
Repurchase of shares of common stock (in shares)		(196,569)
Repurchase of shares of common stock	(6,117)	$ (2)	(6,115)	0
Indirect repurchase of shares for minimum tax withholdings (in shares)		(705)
Indirect repurchase of shares for minimum tax withholdings	(22)	$ 0	(22)	0
Net income	6,000	$ 0	0	6,000
End balance (in shares) at Sep. 26, 2021		19,801,997
End balance at Sep. 26, 2021	264,195	$ 198	143,049	120,948
Beginning balance (in shares) at Dec. 26, 2021		19,538,058
Beginning balance at Dec. 26, 2021	262,794	$ 195	135,659	126,940
Increase (Decrease) in Stockholders' Equity
Stock-based compensation	3,042	$ 0	3,042	0
Settlement of restricted stock units (in shares)		174,596
Settlement of restricted stock units	$ 0	$ 2	(2)	0
Repurchase of shares of common stock (in shares)	(1,334,388)	(1,334,388)
Repurchase of shares of common stock	$ (33,807)	$ (13)	(33,794)	0
Indirect repurchase of shares for minimum tax withholdings (in shares)		(54,619)
Indirect repurchase of shares for minimum tax withholdings	(1,448)	$ (1)	(1,447)	0
Net income	18,378	$ 0	0	18,378
End balance (in shares) at Sep. 25, 2022		18,323,647
End balance at Sep. 25, 2022	248,959	$ 183	103,458	145,318
Beginning balance (in shares) at Jun. 26, 2022		18,879,917
Beginning balance at Jun. 26, 2022	255,750	$ 189	115,232	140,329
Increase (Decrease) in Stockholders' Equity
Stock-based compensation	987	$ 0	987	0
Settlement of restricted stock units (in shares)		1,850
Settlement of restricted stock units	$ 0	$ 0	0	0
Repurchase of shares of common stock (in shares)	(557,576)	(557,576)
Repurchase of shares of common stock	$ (12,755)	$ (6)	(12,749)	0
Indirect repurchase of shares for minimum tax withholdings (in shares)		(544)
Indirect repurchase of shares for minimum tax withholdings	(12)	$ 0	(12)	0
Net income	4,989	$ 0	0	4,989
End balance (in shares) at Sep. 25, 2022		18,323,647
End balance at Sep. 25, 2022	$ 248,959	$ 183	$ 103,458	$ 145,318

Unaudited Condensed Consolida_4

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 25, 2022	Sep. 26, 2021
Cash flows from operating activities:
Net income	$ 18,378	$ 24,184
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	15,065	15,097
Amortization of operating lease assets	7,149	7,241
Amortization of loan origination costs	65	105
Impairment, closed restaurant and other costs	880	2,767
Stock-based compensation	2,885	2,893
Loss on disposal of property and equipment	204	9
Deferred income taxes	497	1,424
Changes in operating assets and liabilities:
Accounts receivable	164	(76)
Lease incentive receivable	0	200
Income tax receivable and payable	1,136	(415)
Inventories	54	26
Prepaid expenses and other assets	(1,858)	(686)
Accounts payable	985	1,087
Accrued and other liabilities	(756)	355
Operating lease liabilities	(11,975)	(17,221)
Net cash provided by operating activities	32,873	36,990
Cash flows from investing activities:
Purchase of property and equipment, net	(20,113)	(13,554)
Net cash used in investing activities	(20,113)	(13,554)
Cash flows from financing activities:
Loan origination costs	0	(260)
Repurchase of shares of common stock	(33,807)	(6,117)
Proceeds from the exercise of stock options	0	3,761
Indirect repurchase of shares for minimum tax withholdings	(1,448)	(2,530)
Net cash used in financing activities	(35,255)	(5,146)
Net (decrease) increase in cash and cash equivalents	(22,495)	18,290
Cash and cash equivalents, beginning of period	106,621	86,817
Cash and cash equivalents, end of period	84,126	105,107
Supplemental disclosure of non-cash investing and financing activities:
Property and equipment and other assets acquired by accounts payable	1,522	386
Supplemental cash flow disclosures:
Cash paid for interest	41	26
Cash paid for income taxes	$ 466	$ 1,806

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 25, 2022
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 September 25, 2022, the Company operated 97 restaurants across 17 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 26, 2021. The accompanying condensed consolidated balance sheet as of December 26, 2021, 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 2022 and 2021 fiscal years both consist of 52 weeks.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Sep. 25, 2022
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 Per Share

Net Income Per Share	9 Months Ended
	Sep. 25, 2022
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 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 restricted stock units (the options and restricted stock units were granted under the Chuy's Holdings, Inc. 2012 Omnibus Equity Incentive Plan (the "2012 Plan") and the Chuy's Holdings, Inc. 2020 Omnibus Incentive Plan (the "2020 Plan")). For the thirteen weeks ended September 25, 2022 and September 26, 2021, there were approximately 91,952 and 19,300 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 thirty-nine weeks ended September 25, 2022 and September 26, 2021, there were approximately 65,638 and 6,400 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 net income per share is as follows: Thirteen Weeks Ended Thirty-Nine Weeks Ended September 25, 2022 September 26, 2021 September 25, 2022 September 26, 2021 BASIC Net income $ 4,989 $ 6,000 $ 18,378 $ 24,184 Weighted-average common shares outstanding 18,685,401 19,913,355 18,901,542 19,882,265 Basic net income per common share $ 0.27 $ 0.30 $ 0.97 $ 1.22 DILUTED Net income $ 4,989 $ 6,000 $ 18,378 $ 24,184 Weighted-average common shares outstanding 18,685,401 19,913,355 18,901,542 19,882,265 Dilutive effect of stock options and restricted stock units 75,862 187,456 108,696 258,842 Weighted-average of diluted shares 18,761,263 20,100,811 19,010,238 20,141,107 Diluted net income per common share $ 0.27 $ 0.30 $ 0.97 $ 1.20

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 26, 2021
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation The Company has outstanding awards under the 2012 Plan and the 2020 Plan. On July 30, 2020, the Company’s stockholders approved the 2020 Plan, which replaced the 2012 Plan and no further awards may be granted under the 2012 plan. The termination of the 2012 Plan did not affect outstanding awards granted under the 2012 Plan. Options granted under these plans vest over five years from the date of grant and have a maximum term of ten years. As of September 25, 2022, the Company had 13,165 of stock options outstanding and exercisable with a remaining weighted average contractual term of approximately one year. Restricted stock units granted under the 2012 Plan and 2020 Plan vest over four years to five years from the date of grant. As of September 25, 2022, a total of 874,846 shares of common stock were reserved and remained available for issuance under the 2020 Plan. Stock-based compensation expense recognized in the accompanying condensed consolidated income statements was approximately $0.9 million for the thirteen weeks ended September 25, 2022 and September 26, 2021, and approximately $2.9 million for the thirty-nine weeks ended September 25, 2022 and September 26, 2021. A summary of stock-based compensation activity related to restricted stock units for the thirty-nine weeks ended September 25, 2022 is as follows: Shares Weighted Weighted Outstanding at December 26, 2021 417,017 $ 24.10 Granted 145,363 31.10 Vested (174,596) 23.36 Forfeited (1,479) 20.99 Outstanding at September 25, 2022 386,305 $ 27.08 2.67 The fair value of the restricted stock units is the quoted market value of our common stock on the date of grant. As of September 25, 2022, total unrecognized stock-based compensation expense related to non-vested restricted stock units was approximately $8.4 million. This amount is expected to be recognized evenly over the remaining vesting period of the grants.

Long-Term Debt

Long-Term Debt	9 Months Ended
	Sep. 25, 2022
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Revolving Credit Facility On July 30, 2021, the Company entered into a secured $35.0 million revolving credit facility with JPMorgan Chase Bank, N.A. (the “Credit Facility”). The Credit Facility may be increased up to an additional $25.0 million subject to certain conditions and at the Company’s option if the lenders agree to increase their commitments. The Credit Facility will mature on July 30, 2024, unless the Company exercises its option to voluntarily and permanently reduce all of the commitments before the maturity date. In connection with entering the Credit Facility, the Company terminated its $25.0 million revolving credit facility with Wells Fargo Bank, N.A. The Credit Facility contains representations and warranties, affirmative and negative covenants and events of default that the Company considers customary for an agreement of this type. The agreement requires the Company to be in compliance with a minimum fixed charge coverage ratio of no less than 1.25 to 1.00, and a maximum consolidated total lease adjusted leverage ratio of no more than 4.00 to 1.00. The Credit Facility also has certain restrictions on the payment of dividends. Under the 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 consolidated total lease adjusted leverage ratio does not exceed 3.50 to 1.00. Borrowings under the Credit Facility accrue interest at a per annum rate equal to, at the Company’s election, either LIBOR plus a margin of 1.5% to 2.0%, depending on the Company’s consolidated total lease adjusted leverage ratio, or a base rate determined according to the highest of (a) the prime rate, (b) the federal funds rate plus 0.5% or (c) LIBOR plus 1.0%, plus a margin of 0.5% to 1.0%, depending on the Company’s consolidated total lease adjusted leverage ratio. An unused commitment fee at a rate of 0.125% applies to unutilized borrowing capacity under the Credit Facility. The obligations under the Company’s Credit Facility are guaranteed by certain subsidiaries of the Company and, subject to certain exceptions, secured by a continuing security interest in substantially all of the Company’s assets. As of September 25, 2022, the Company had no borrowings under the Credit Facility, and was in compliance with all covenants under the Credit Facility.

Accrued Liabilities

Accrued Liabilities	9 Months Ended
	Sep. 25, 2022
Payables and Accruals [Abstract]
Accrued Liabilities	Accrued Liabilities The major classes of accrued liabilities at September 25, 2022 and December 26, 2021 are summarized as follows: September 25, 2022 December 26, 2021 Accrued compensation and related benefits $ 9,779 $ 11,891 Other accruals 5,701 4,844 Property tax 3,289 2,782 Sales and use tax 2,880 2,806 Deferred gift card revenue 2,303 2,919 Total accrued liabilities $ 23,952 $ 25,242

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 25, 2022
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Stockholders' Equity Share Repurchase Program On October 28, 2021, the Company’s board of directors replaced the Company's previous $30.0 million share repurchase program and approved a new share repurchase program under which the Company may repurchase up to $50.0 million of its common shares outstanding. This repurchase program became effective on October 28, 2021 and expires on December 31, 2023. The Company repurchased 557,576 shares for approximately $12.8 million during the third quarter of 2022 and 1,334,388 shares for approximately $33.8 million during the thirty-nine weeks ended September 25, 2022. Subsequent to the end of the third quarter, the Company repurchased an additional 327,354 shares for a total of $7.8 million to complete the existing $50.0 million repurchase program. On October 27, 2022, the Company’s Board of Directors approved a new share repurchase program under which the Company may repurchase up to $50.0 million of its common shares outstanding through December 31, 2024. Repurchases of the Company’s outstanding common stock will be made in accordance with applicable securities laws and may be made at

Contingencies

Contingencies	9 Months Ended
	Sep. 25, 2022
Commitments and Contingencies Disclosure [Abstract]
Contingencies	ContingenciesThe Company is 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	9 Months Ended
	Sep. 25, 2022
Leases [Abstract]
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 totaling 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 construction milestones are met 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 September 25, 2022, all of the Company's leases were operating. Components of operating lease costs are included in occupancy, closed restaurant costs, restaurant pre-opening, general and administrative expense and property and equipment, net: Thirteen Weeks Ended Thirty-Nine Weeks Ended Lease cost: September 25, 2022 September 26, 2021 September 25, 2022 September 26, 2021 Operating lease cost $ 6,072 $ 6,388 $ 18,426 $ 19,263 Variable lease cost 358 270 1,094 809 $ 6,430 $ 6,658 $ 19,520 $ 20,072 Supplemental cash flow disclosures and other lease information: Thirty-Nine Weeks Ended September 25, 2022 September 26, 2021 Cash paid for operating lease liabilities $ 23,377 $ 28,272 Operating lease assets obtained (surrendered) in exchange for operating lease liabilities (a) 7,724 (1,998) (a) The thirty-nine weeks ended September 25, 2022 inclu des a $7.4 million increase to operating lease assets and liabilities related to new lease commencements, a $2.8 million increase due to extending remaining lives of certain leases, partially offset by $2.5 million decrease as a result of termination of closed restaurant leases. The thirty-nine weeks ended September 26, 2021 includes a $8.9 million decrease to operating lease assets and liabilities related to the termination of five closed restaurant leases and a purchase of one existing lease, partially offset by a $6.9 million increase mainly due to extending remaining lives of certain leases. The Company recorded $1.0 million in additional deferred lease incentives during the thirty-nine weeks ended September 25, 2022 and no deferred lease incentives during the same period last year. Supplemental balance sheet disclosures: Operating leases Classification September 25, 2022 December 26, 2021 Right-of-use assets Operating lease assets $ 149,036 $ 148,444 Deferred rent payments Operating lease liability 107 447 Current lease liabilities Operating lease liability 12,296 12,556 12,403 13,003 Deferred rent payments Operating lease liability, less current portion 89 152 Non-current lease liabilities Operating lease liability, less current portion 185,354 188,583 185,443 188,735 Total lease liabilities $ 197,846 $ 201,738 Weighted average remaining lease term (in years) 12.9 13.0 Weighted average discount rate 7.6 % 7.7% Future minimum rent payments for our operating leases for the next five years as of September 25, 2022 are as follows: Fiscal year ending: Remainder of 2022 $ 6,696 2023 26,603 2024 25,960 2025 26,075 2026 25,095 Thereafter 198,824 Total minimum lease payments 309,253 Less: imputed interest 111,407 Present value of lease liabilities $ 197,846

Income Taxes

Income Taxes	9 Months Ended
	Sep. 25, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The following is a reconciliation of the expected federal income taxes at the statutory rates of 21%: Thirteen Weeks Ended Thirty-Nine Weeks Ended September 25, 2022 September 26, 2021 September 25, 2022 September 26, 2021 Expected income tax expense $ 1,209 $ 1,512 $ 4,300 $ 5,664 State tax expense, net of federal benefit 199 230 767 935 FICA tip credit (727) (622) (3,099) (2,880) Officers' compensation 49 101 206 474 Stock compensation 33 — (94) (1,396) Other 4 (3) 19 10 Income tax expense $ 767 $ 1,218 $ 2,099 $ 2,807 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 September 25, 2022, the Company believes that it will realize all of its deferred tax assets. Therefore, no valuation allowance has been recorded. The Internal Revenue Service ("IRS") audited our tax return for the fiscal year 2016. In August 2020, the IRS issued a Notice of Proposed Adjustment to the Company asserting that the tenant allowances paid to us under our operating leases should be recorded as taxable income for years 2016 and prior. The Company disagrees with this position based on the underlying facts and circumstances as well as standard industry practice. The Company estimates if the IRS's position was upheld, the Company's tax liability associated with this position could range between $0.5 million and $2.5 million. In accordance with the provisions of FASB Accounting Standards Codification Subtopic 740-10, Accounting for Uncertainty in Income Taxes , the Company believes that it is more likely than not that the Company's position will ultimately be sustained upon further examination, including the resolution of the IRS's appeal or litigation processes, if any. As of September 25, 2022 and September 26, 2021, the Company recognized no liability for uncertain tax positions. The tax years 2020, 2019 and 2018 remain open for IRS audit. The Company has received no notice of audit or any notifications from the IRS for any of the open tax years.

Impairment, Closed Restaurant a

Impairment, Closed Restaurant and Other Costs	9 Months Ended
	Sep. 25, 2022
Impairment, Closed Restaurant and Other Costs [Abstract]
Impairment, Closed Restaurant and Other Costs	Impairment, Closed Restaurant and Other Costs The Company reviews long-lived assets, such as property and equipment, operating lease assets 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, closed restaurant and other costs as follows: Thirteen Weeks Ended Thirty-Nine Weeks Ended September 25, 2022 September 26, 2021 September 25, 2022 September 26, 2021 Property and equipment impairment 673 1,282 673 1,570 Total impairment charge 673 1,282 673 1,570 Closed restaurant costs 796 1,283 2,832 4,252 (Gain) loss on lease termination (279) 1,408 (302) 1,899 Impairment, closed restaurant and other costs $ 1,190 $ 3,973 $ 3,203 $ 7,721 Closed restaurant costs represent on-going expenses to maintain the closed restaurants, such as rent expense, utility and insurance amon g other costs required to maintain the remaining closed locations. The Company terminated three of its closed restaurant lease agreements during both the thirteen weeks ended September 25, 2022 and September 26, 2021.

Net Income Per Share (Tables)

Net Income Per Share (Tables)	9 Months Ended
	Sep. 25, 2022
Earnings Per Share [Abstract]
Schedule of basic and diluted net income per share	The computation of basic and diluted net income per share is as follows: Thirteen Weeks Ended Thirty-Nine Weeks Ended September 25, 2022 September 26, 2021 September 25, 2022 September 26, 2021 BASIC Net income $ 4,989 $ 6,000 $ 18,378 $ 24,184 Weighted-average common shares outstanding 18,685,401 19,913,355 18,901,542 19,882,265 Basic net income per common share $ 0.27 $ 0.30 $ 0.97 $ 1.22 DILUTED Net income $ 4,989 $ 6,000 $ 18,378 $ 24,184 Weighted-average common shares outstanding 18,685,401 19,913,355 18,901,542 19,882,265 Dilutive effect of stock options and restricted stock units 75,862 187,456 108,696 258,842 Weighted-average of diluted shares 18,761,263 20,100,811 19,010,238 20,141,107 Diluted net income per common share $ 0.27 $ 0.30 $ 0.97 $ 1.20

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 25, 2022
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 thirty-nine weeks ended September 25, 2022 is as follows: Shares Weighted Weighted Outstanding at December 26, 2021 417,017 $ 24.10 Granted 145,363 31.10 Vested (174,596) 23.36 Forfeited (1,479) 20.99 Outstanding at September 25, 2022 386,305 $ 27.08 2.67

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	9 Months Ended
	Sep. 25, 2022
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	The major classes of accrued liabilities at September 25, 2022 and December 26, 2021 are summarized as follows: September 25, 2022 December 26, 2021 Accrued compensation and related benefits $ 9,779 $ 11,891 Other accruals 5,701 4,844 Property tax 3,289 2,782 Sales and use tax 2,880 2,806 Deferred gift card revenue 2,303 2,919 Total accrued liabilities $ 23,952 $ 25,242

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 25, 2022
Leases [Abstract]
Components of operating lease costs	Components of operating lease costs are included in occupancy, closed restaurant costs, restaurant pre-opening, general and administrative expense and property and equipment, net: Thirteen Weeks Ended Thirty-Nine Weeks Ended Lease cost: September 25, 2022 September 26, 2021 September 25, 2022 September 26, 2021 Operating lease cost $ 6,072 $ 6,388 $ 18,426 $ 19,263 Variable lease cost 358 270 1,094 809 $ 6,430 $ 6,658 $ 19,520 $ 20,072
Supplemental Cash Flow Information	Supplemental cash flow disclosures and other lease information: Thirty-Nine Weeks Ended September 25, 2022 September 26, 2021 Cash paid for operating lease liabilities $ 23,377 $ 28,272 Operating lease assets obtained (surrendered) in exchange for operating lease liabilities (a) 7,724 (1,998) (a) The thirty-nine weeks ended September 25, 2022 inclu des a $7.4 million increase to operating lease assets and liabilities related to new lease commencements, a $2.8 million increase due to extending remaining lives of certain leases, partially offset by $2.5 million decrease as a result of termination of closed restaurant leases. The thirty-nine weeks ended September 26, 2021 includes a $8.9 million decrease to operating lease assets and liabilities related to the termination of five closed restaurant leases and a purchase of one existing lease, partially offset by a $6.9 million increase mainly due to extending remaining lives of certain leases.
Supplemental balance sheet information	Supplemental balance sheet disclosures: Operating leases Classification September 25, 2022 December 26, 2021 Right-of-use assets Operating lease assets $ 149,036 $ 148,444 Deferred rent payments Operating lease liability 107 447 Current lease liabilities Operating lease liability 12,296 12,556 12,403 13,003 Deferred rent payments Operating lease liability, less current portion 89 152 Non-current lease liabilities Operating lease liability, less current portion 185,354 188,583 185,443 188,735 Total lease liabilities $ 197,846 $ 201,738 Weighted average remaining lease term (in years) 12.9 13.0 Weighted average discount rate 7.6 % 7.7%
Operating Lease Liability Maturity Schedule	Future minimum rent payments for our operating leases for the next five years as of September 25, 2022 are as follows: Fiscal year ending: Remainder of 2022 $ 6,696 2023 26,603 2024 25,960 2025 26,075 2026 25,095 Thereafter 198,824 Total minimum lease payments 309,253 Less: imputed interest 111,407 Present value of lease liabilities $ 197,846

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 25, 2022
Income Tax Disclosure [Abstract]
Reconciliation of the expected income taxes	The following is a reconciliation of the expected federal income taxes at the statutory rates of 21%: Thirteen Weeks Ended Thirty-Nine Weeks Ended September 25, 2022 September 26, 2021 September 25, 2022 September 26, 2021 Expected income tax expense $ 1,209 $ 1,512 $ 4,300 $ 5,664 State tax expense, net of federal benefit 199 230 767 935 FICA tip credit (727) (622) (3,099) (2,880) Officers' compensation 49 101 206 474 Stock compensation 33 — (94) (1,396) Other 4 (3) 19 10 Income tax expense $ 767 $ 1,218 $ 2,099 $ 2,807

Impairment, Closed Restaurant_2

Impairment, Closed Restaurant and Other Costs (Tables)	9 Months Ended
	Sep. 25, 2022
Impairment, Closed Restaurant and Other Costs [Abstract]
Impairment and closed restaurant costs	The Company recorded impairment, closed restaurant and other costs as follows: Thirteen Weeks Ended Thirty-Nine Weeks Ended September 25, 2022 September 26, 2021 September 25, 2022 September 26, 2021 Property and equipment impairment 673 1,282 673 1,570 Total impairment charge 673 1,282 673 1,570 Closed restaurant costs 796 1,283 2,832 4,252 (Gain) loss on lease termination (279) 1,408 (302) 1,899 Impairment, closed restaurant and other costs $ 1,190 $ 3,973 $ 3,203 $ 7,721

Basis of Presentation Company I

Basis of Presentation Company Information (Details)	Sep. 25, 2022 numberOfOpenRestaurants State
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of Open Restaurants | numberOfOpenRestaurants	97
Number of States in which Entity Operates | State	17

Net Income Per Share - Computat

Net Income Per Share - Computation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 25, 2022	Sep. 26, 2021	Sep. 25, 2022	Sep. 26, 2021
BASIC
Net income	$ 4,989	$ 6,000	$ 18,378	$ 24,184
Weighted-average common shares outstanding	18,685,401	19,913,355	18,901,542	19,882,265
Basic net income per common share (in dollars per share)	$ 0.27	$ 0.30	$ 0.97	$ 1.22
DILUTED
Net income	$ 4,989	$ 6,000	$ 18,378	$ 24,184
Weighted-average common shares outstanding	18,685,401	19,913,355	18,901,542	19,882,265
Dilutive effect of stock options and restricted stock units	75,862	187,456	108,696	258,842
Weighted-average of diluted shares	18,761,263	20,100,811	19,010,238	20,141,107
Diluted net income per common share (in dollars per share)	$ 0.27	$ 0.30	$ 0.97	$ 1.20

Net Income Per Share - Narrativ

Net Income Per Share - Narrative (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 25, 2022	Sep. 26, 2021	Sep. 25, 2022	Sep. 26, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	91,952	19,300	65,638	6,400

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 25, 2022	Sep. 25, 2022	Sep. 26, 2021
Stock-based compensation	$ 900	$ 2,885	$ 2,893
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
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	13,165	13,165
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term		1 year
Restricted Stock Units (RSUs) [Member]
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 8,400	$ 8,400
2020 Omnibus Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	874,846	874,846
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 - Rest

Stock-Based Compensation - Restricted Stock Units (Details)	9 Months Ended
	Sep. 25, 2022 $ / shares shares
Shares
Outstanding, beginning balance (in shares) | shares	417,017
Granted (in shares) | shares	145,363
Vested (in shares) | shares	(174,596)
Forfeited (in shares) | shares	(1,479)
Outstanding, ending balance (in shares) | shares	386,305
Weighted Average Fair Value
Weighted Average Fair Value, beginning balance (in dollars per share) | $ / shares	$ 24.10
Weighted Average Fair Value, granted (in dollars per share) | $ / shares	31.10
Weighted Average Fair Value, vested (in dollars per share) | $ / shares	23.36
Weighted Average Fair Value, forfeited (in dollars per share) | $ / shares	20.99
Weighted Average Fair Value, ending balance (in dollars per share) | $ / shares	$ 27.08
Weighted Average Remaining Contractual Term [Abstract]
Weighted Average Remaining Contractual Term (Year)	2 years 8 months 1 day

Long-Term Debt (Details)

Long-Term Debt (Details) - Revolving Credit Facility [Member]	Jul. 30, 2021 USD ($)	Sep. 25, 2022 USD ($)
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 35,000,000
Line of Credit Facility Additional Borrowing Capacity	25,000,000
Line of Credit Facility, Well Fargo Bank	$ 25,000,000
Line of credit facility, lease adjusted leverage ratio	3.50
Long-term Debt		$ 0
Line of credit facility, minimum fixed charge coverage ratio	1.25
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.125%
Line of credit facility, consolidated total lease adjusted leverage ratio ceiling	4
Federal Funds Rate [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.50%
London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1%
Maximum [Member] | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2%
Maximum [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1%
Minimum [Member] | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.50%
Minimum [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.50%

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Sep. 25, 2022	Dec. 26, 2021
Payables and Accruals [Abstract]
Accrued compensation and related benefits	$ 9,779	$ 11,891
Other accruals	5,701	4,844
Sales and use tax	2,880	2,806
Property tax	3,289	2,782
Deferred gift card revenue	2,303	2,919
Total accrued liabilities	$ 23,952	$ 25,242

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Oct. 14, 2022	Sep. 25, 2022	Sep. 26, 2021	Sep. 25, 2022	Sep. 26, 2021	Oct. 27, 2022	Oct. 28, 2021	Oct. 31, 2019
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program, Number of Shares Authorized to be Repurchased							$ 50,000	$ 30,000
Repurchase of shares of common stock (in shares)		557,576		1,334,388
Repurchase of shares of common stock		$ 12,755	$ 6,117	$ 33,807	$ 6,117
Subsequent Event
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program, Number of Shares Authorized to be Repurchased						$ 50,000
Repurchase of shares of common stock (in shares)	327,354
Repurchase of shares of common stock	$ 7,800

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 25, 2022	Sep. 26, 2021
Lessee, Lease, Description [Line Items]
Initial lease term	20 years
Deferred lease incentives	$ 1,000	$ 0
Operating Lease Payments, Minimum Lease Payments Excluded, Not Yet Taken Possession of Leases	$ 3,800
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 - Components of operatin

Leases - Components of operating lease costs (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 25, 2022	Sep. 26, 2021	Sep. 25, 2022	Sep. 26, 2021
Leases [Abstract]
Operating lease cost	$ 6,072	$ 6,388	$ 18,426	$ 19,263
Variable lease cost	358	270	1,094	809
Lease cost	$ 6,430	$ 6,658	$ 19,520	$ 20,072

Leases - Supplemental cash flow

Leases - Supplemental cash flow disclosures (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 25, 2022	Sep. 26, 2021
Leases [Abstract]
Cash paid for operating lease liabilities	$ 23,377	$ 28,272
Operating lease assets obtained (surrendered) in exchange for operating lease liabilities(a)	7,724	(1,998)
Change In Operating Lease Assets and Liabilities Due to Lease Remeasurement	2,800	6,900
Change In Operating Lease Assets and Liabilities Due to Lease Terminations	2,500	$ 8,900
Change in Operating Lease Assets and Liabilities Due to Lease Commencements	$ 7,400

Leases - Supplemental balance s

Leases - Supplemental balance sheet disclosures (Details) - USD ($) $ in Thousands	Sep. 25, 2022	Dec. 26, 2021
Leases [Abstract]
Operating lease assets	$ 149,036	$ 148,444
Deferred rent payments	107	447
Current lease liabilities	12,296	12,556
Operating lease liability	12,403	13,003
Deferred Rent Credit, Noncurrent	89	152
Operating Lease Liability, Noncurrent Excluding Deferred Rent	185,354	188,583
Operating lease liability, less current portion	185,443	188,735
Operating Lease, Liability - Including Deferred Rent	$ 197,846	$ 201,738
Weighted average remaining lease term (in years)	12 years 10 months 24 days	13 years
Weighted average discount rate	7.60%	7.70%

Leases - Future minimum rent pa

Leases - Future minimum rent payments (Details) $ in Thousands	Sep. 25, 2022 USD ($)
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
Remainder of 2022	$ 6,696
2023	26,603
2024	25,960
2025	26,075
2026	25,095
Thereafter	198,824
Total minimum lease payments	309,253
Less: imputed interest	111,407
Operating Lease, Liability	$ 197,846

Income Taxes - Reconciliation (

Income Taxes - Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 25, 2022	Sep. 26, 2021	Sep. 25, 2022	Sep. 26, 2021
Income Tax Disclosure [Abstract]
Expected income tax expense	$ 1,209	$ 1,512	$ 4,300	$ 5,664
State tax expense, net of federal benefit	199	230	767	935
FICA tip credit	(727)	(622)	(3,099)	(2,880)
Officers' compensation	49	101	206	474
Stock compensation	33	0	(94)	(1,396)
Other	4	(3)	19	10
Income tax expense	$ 767	$ 1,218	$ 2,099	$ 2,807

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) $ in Millions	9 Months Ended
	Sep. 25, 2022 USD ($)
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21%
Minimum [Member]
Income Tax Contingency [Line Items]
Loss Contingency, Estimate of Possible Loss	$ 0.5
Maximum [Member]
Income Tax Contingency [Line Items]
Loss Contingency, Estimate of Possible Loss	$ 2.5

Impairment, Closed Restaurant_3

Impairment, Closed Restaurant and Other Costs (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 25, 2022 USD ($) numberOfClosedRestaurants	Sep. 26, 2021 USD ($) numberOfClosedRestaurants	Sep. 25, 2022 USD ($) numberOfClosedRestaurants	Sep. 26, 2021 USD ($) numberOfClosedRestaurants
Impairment, Closed Restaurant and Other Costs [Abstract]
Property and equipment impairment	$ 673	$ 1,282	$ 673	$ 1,570
Total impairment charge	673	1,282	673	1,570
Closed restaurant costs	796	1,283	2,832	4,252
(Gain) loss on lease termination	(279)	1,408	(302)	1,899
Impairment, closed restaurant and other costs	$ 1,190	$ 3,973	$ 3,203	$ 7,721
Number of terminated leases due to close restaurants | numberOfClosedRestaurants	3	3	7	5

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ in Millions	Oct. 28, 2021	Oct. 31, 2019
Subsequent Events [Abstract]
Stock Repurchase Program, Number of Shares Authorized to be Repurchased	$ 50	$ 30