Zoe's Kitchen (ZOES) 10-Q 20 Nov 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Oct. 06, 2014	Nov. 20, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'ZOE'S KITCHEN, INC.	'
Entity Central Index Key	'0001594879	'
Current Fiscal Year End Date	'--12-29	'
Entity Filer Category	'Non-accelerated Filer	'
Document Type	'10-Q	'
Document Period End Date	6-Oct-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Amendment Flag	'false	'
Entity Common Stock, Shares Outstanding	'	19,269,746

Unaudited_Consolidated_Balance

Unaudited Consolidated Balance Sheets (USD $)	Oct. 06, 2014	Dec. 30, 2013
In Thousands, unless otherwise specified
Current Assets:	'	'
Cash and cash equivalents	$40,729	$1,149
Trade accounts receivable, net of allowance for doubtful accounts of $16 at October 6, 2014 and $13 at December 30, 2013	929	583
Other accounts receivable	960	1,187
Inventory	1,254	914
Prepaid expenses and other	1,673	618
Total current assets	45,545	4,451
Property and equipment, net	97,159	78,629
Goodwill	24,226	23,334
Intangibles, net	10,140	11,207
Loan costs, net	0	1,035
Deposits	269	247
Other long-term assets	0	1,034
Total long-term assets	131,794	115,486
Total assets	177,339	119,937
Current liabilities:	'	'
Current maturities of long-term debt	0	1,925
Accounts payable	7,460	6,672
Accrued expenses and other	8,703	6,422
Unearned franchise start-up fees	60	40
Total current liabilities	16,223	15,059
Long-term liabilities:	'	'
Long-term debt	0	39,475
Deemed landlord financing	21,801	19,893
Deferred rent	12,654	8,156
Deferred income taxes	3,884	3,397
Residual value obligations, net	307	357
Other long-term liabilities	30	21
Total long-term liabilities	38,676	71,299
Total liabilities	54,899	86,358
Commitments and contingencies (Note 10)	'	'
Stockholders' equity:	'	'
Common stock: $0.01 par value, 135,000,000 shares authorized as of October 6, 2014 and December 30, 2013; 19,269,746 and 12,561,414 issued and outstanding as of October 6, 2014 and December 30, 2013, respectively.	193	126
Additional paid-in capital	142,289	45,074
Accumulated deficit	-20,042	-11,621
Total stockholders' equity	122,440	33,579
Total liabilities and stockholders' equity	$177,339	$119,937

Unaudited_Consolidated_Balance1

Unaudited Consolidated Balance Sheets (Parenthetical) (USD $)	Oct. 06, 2014	Dec. 30, 2013
In Thousands, except Share data, unless otherwise specified
Statement of Financial Position [Abstract]	'	'
Allowance for doubtful accounts	$16	$13
Common stock, par value (USD per share)	$0.01	$0.01
Common stock, shares authorized (in shares)	135,000,000	135,000,000
Common stock, issued (in shares)	19,269,746	12,561,414
Common stock, outstanding (in shares)	19,269,746	12,561,414

Unaudited_Consolidated_Stateme

Unaudited Consolidated Statements of Operations (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Oct. 06, 2014	Oct. 07, 2013	Oct. 06, 2014	Oct. 07, 2013
Revenue:	'	'	'	'
Restaurant sales	$43,437	$28,991	$131,316	$87,209
Royalty fees	128	153	403	500
Total revenue	43,565	29,144	131,719	87,709
Restaurant operating costs:	'	'	'	'
Cost of sales (excluding depreciation and amortization)	14,638	9,569	43,801	28,930
Labor	11,871	7,956	36,338	24,332
Store operating expenses	8,306	5,179	24,368	16,005
General and administrative expenses	4,973	2,870	21,706	9,055
Depreciation	2,138	1,413	6,639	4,282
Amortization	377	315	1,159	1,052
Pre-opening costs	345	595	1,604	1,336
Loss from disposal of equipment	42	25	93	155
Total operating expenses	42,690	27,922	135,708	85,147
Income (loss) from operations	875	1,222	-3,989	2,562
Other expenses:	'	'	'	'
Interest expense, net	605	839	2,885	2,967
Loss on extinguishment of debt	0	0	978	0
Loss on interest cap	0	9	6	18
Total other expenses	605	848	3,869	2,985
Income (loss) before provision (benefit) for income taxes	270	374	-7,858	-423
Provision (benefit) for income taxes	-178	23	563	194
Net income (loss)	$448	$351	($8,421)	($617)
Net income (loss) per share:	'	'	'	'
Basic (USD per share)	$0.02	$0.03	($0.50)	($0.05)
Diluted (USD per share)	$0.02	$0.03	($0.50)	($0.05)
Weighted average shares of common stock outstanding:	'	'	'	'
Basic (in shares)	19,269,746	12,561,414	16,849,955	12,561,414
Diluted (in shares)	19,502,018	12,561,414	16,849,955	12,561,414

Unaudited_Consolidated_Stateme1

Unaudited Consolidated Statements of Stockholders' Equity (USD $)	Total	Common Stock	Additional Paid-in Capital	Accumulated Deficit
In Thousands, unless otherwise specified
Beginning balance at Dec. 31, 2012	$37,220	$126	$45,000	($7,906)
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'
Equity-based compensation	59	'	59	'
Net loss	-617	'	'	-617
Ending balance at Oct. 07, 2013	36,662	126	45,059	-8,523
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'
Equity-based compensation	15	'	15	'
Net loss	-3,098	'	'	-3,098
Ending balance at Dec. 30, 2013	33,579	126	45,074	-11,621
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'
Equity-based compensation	6,245	'	6,245	'
Issuance of common stock in connection with the IPO, net of transaction expenses	91,037	67	90,970	'
Net loss	-8,421	'	'	-8,421
Ending balance at Oct. 06, 2014	$122,440	$193	$142,289	($20,042)

Unaudited_Consolidated_Stateme2

Unaudited Consolidated Statements of Cash Flows (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Oct. 06, 2014	Oct. 07, 2013
Cash flows from operating activities:	'	'
Net loss	($8,421)	($617)
Adjustments to reconcile net loss to net cash provided by operating activities:	'	'
Depreciation	6,639	4,282
Amortization of intangible assets	1,159	1,052
Equity-based compensation	6,245	59
Deferred income taxes	563	165
Amortization of loan costs	77	149
Bad debt expense	11	8
Loss from disposal of equipment	93	155
Accretion of deemed landlord financing	172	186
Loss on extinguishment of debt	978	0
Changes in operating assets and liabilities:	'	'
Trade accounts receivable	-357	-346
Other accounts receivable	228	447
Inventory	-326	-226
Prepaid expenses and other	-1,088	-533
Accounts payable	2,201	783
Accrued expenses and other	2,072	1,951
Deferred rent	4,554	2,047
Net cash provided by operating activities	14,800	9,562
Cash flows from investing activities:	'	'
Purchase of property and equipment	-24,154	-20,789
Acquisition purchase price, net of cash acquired	-1,145	0
Proceeds from sale of property and equipment	150	26
Net cash used in investing activities	-25,149	-20,763
Cash flows from financing activities:	'	'
Proceeds from line of credit	7,900	11,000
Payments on long-term debt	-49,300	-938
Proceeds from issuance of common stock, net of underwriter fees	96,314	0
Payments of costs associated with initial public offering	-2,538	0
Proceeds from deemed landlord financing	286	1,333
Repurchase of common stock	-2,733	0
Net cash provided by financing activities	49,929	11,395
Net change in cash and cash equivalents	39,580	194
Cash and cash equivalents:	'	'
Beginning of year	1,149	2,450
End of period	40,729	2,644
Supplemental disclosure of cash flow information:	'	'
Cash paid for interest related to long-term debt	812	1,515
Cash paid for interest related to deemed landlord financing	2,072	1,210
Non-cash deemed landlord financing	1,450	5,200
Change in accrued purchases of property and equipment	($289)	$1,051

Nature_of_Operations_and_Basis

Nature of Operations and Basis of Presentation	9 Months Ended
	Oct. 06, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Nature of Operations and Basis of Presentation	'
	Nature of Operations and Basis of Presentation
	Nature of Operations
	Zoe’s Kitchen, Inc. (the "Company", "Zoës", "we" or "us"), primarily develops and operates fast-casual restaurants serving a distinct menu of freshly prepared Mediterranean-inspired dishes. As of October 6, 2014, we operated 120 Company-owned restaurants and six franchise restaurants in 15 states across the United States. We have determined that we have one operating and reportable segment. All of our revenues are derived in the United States. All of our assets are located in the United States.
	On April 16, 2014, we completed an initial public offering (the "IPO") of 6,708,332 shares of common stock at a price to the public of $15.00 per share, which included 874,999 shares sold to the underwriters pursuant to their over-allotment option. All share and per share data have been retroactively restated in the accompanying financial statements to give effect to a 125,614.14:1 stock split, which became effective on April 14, 2014. After underwriter discounts and commissions and offering expenses, we received net proceeds from the offering of approximately $91.0 million. A portion of these proceeds were used to repay all of the outstanding borrowings under our Credit Facility (as defined herein, see Note 5).
	On August 19, 2014, we completed a follow-on offering of 5,175,000 shares of common stock at a public offering price of $30.25 per share, which included 675,000 shares sold to the underwriters pursuant to their over-allotment option. All of the shares in the offering were offered by selling stockholders, except for 94,100 shares offered by us, the proceeds of which were used to repurchase the same number of shares from certain of our officers at the public offering price per share. We did not receive any net proceeds from the sale of shares of common stock by the selling stockholders. The repurchased shares were constructively retired as we do not intend to reissue the shares within a reasonable period of time.
	Interim Financial Statements
	The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles and practices of the United States of America ("GAAP") for interim financial information. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair statement of the results for interim periods have been included.
	Certain information and footnote disclosures normally included in audited consolidated financial statements presented in accordance with GAAP have been condensed or omitted pursuant to rules and regulations of the Securities and Exchange Commission (the "SEC"). Due to the seasonality of our business, results for any interim financial period are not necessarily indicative of the results that may be achieved for a full fiscal year. In addition, quarterly results of operations may be impacted by the timing and amount of sales and costs associated with the opening of new restaurants. These interim unaudited consolidated financial statements do not represent complete financial statements and should be read in conjunction with our annual financial statements for the year ended December 30, 2013, included in the Company's final prospectus filed on November 14, 2014.
	Comprehensive Income (Loss)
	Comprehensive income (loss) is the change in equity of a business enterprise during a period from transactions and other events and circumstances from non-owner sources. Comprehensive income (loss) is the same as net loss for all periods presented. Therefore, a separate statement of comprehensive income (loss) is not included in the accompanying consolidated financial statements.
	Principles of Consolidation
	The consolidated financial statements include the accounts of Zoe’s Kitchen, Inc. and its wholly owned subsidiaries, Zoe’s Kitchen USA, LLC and Soho Franchising, LLC. All intercompany accounts and transactions have been eliminated in consolidation. The consolidated financial statements presented herein reflect our financial position, results of operations, cash flows and changes in equity in conformity with GAAP. Certain amounts in 2013 have been reclassified to conform to 2014 presentation.
	Fiscal Year
	We operate on a 52- or 53-week fiscal year that ends on the last Monday of the calendar year. Fiscal years ended December 29, 2014 and December 30, 2013 consist of 52 weeks. Our first fiscal quarter consists of 16 weeks, and each of our second, third and fourth fiscal quarters consists of 12 weeks, except for a 53-week year when the fourth quarter has 13 weeks.
	Use of Estimates
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions, such as valuation of long-lived, definite and indefinite-lived assets, estimated useful lives of assets, the reasonably assured lease terms of operating leases, the construction costs of leases where the Company is considered the owner during and after the construction period, allowance for doubtful accounts, the fair value and forfeiture rates related to equity-based compensation, insurance reserves, and deferred tax valuation allowances, that affect the 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 during the reporting period. Actual results could differ from those estimates.
	Insurance Reserves
	Beginning with our new insurance policy period, on September 27, 2014, we self-insure a portion of our expected losses under our worker's compensation insurance program. To limit our exposure to losses, we maintain stop-loss coverage through third-party insurers. Insurance liabilities representing estimated costs to settle reported claims and incurred but not recorded are included in accrued expenses and other.
	Recently Issued Accounting Standards
	In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, "Revenue from Contracts with Customers." This update was issued to replace the current revenue recognition guidance, creating a more comprehensive revenue model. This update is effective in fiscal periods beginning after December 15, 2016 and early application is not permitted. We are currently evaluating the impact of the adoption of ASU 2014-09 on our consolidated financial position or results of operations.
	In April 2014, the FASB issued ASU, 2014-08, "Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity." This ASU raises the threshold for a disposal to qualify as a discontinued operation and requires new disclosures of both discontinued operations and certain other disposals that do not meet the definition of a discontinued operation. This update is effective in fiscal periods beginning after December 15, 2014. The adoption of ASU 2014-08 is not expected to have a material impact on our consolidated financial position or results of operations.

Business_Combination

Business Combination	9 Months Ended
	Oct. 06, 2014
Business Combinations [Abstract]	'
Business Combination	'
	Business Combination
	On January 8, 2014, we acquired two franchise restaurants in Mobile, Alabama and Destin, Florida from one of our franchisees which will allow for us to expand our Company-owned operations to these markets. The purchase price for the acquisition was $1.1 million in cash. The acquired restaurants contributed revenues of approximately $0.6 million during the twelve weeks ended October 6, 2014 and $1.2 million from the date of the acquisition through October 6, 2014.
	Goodwill recorded in connection with the acquisition was attributable to synergies expected to arise from cost saving opportunities as well as future expected cash flows. The preliminary allocation of the purchase price to the estimated fair value of the assets acquired and liabilities assumed at the acquisition date is as follows (in thousands):
	Cash	$	2
	Inventory	15
	Property and equipment	167
	Reacquired rights	91
	Goodwill	892
	Accounts payable	(3		)
	Royalties payable	(17		)
	Total purchase price	$	1,147
	The pro forma impact of the acquisition and the current period results are not presented as it is not considered material to our Consolidated Financial Statements.

Supplemental_Information

Supplemental Information	9 Months Ended
	Oct. 06, 2014
Statement of Financial Position [Abstract]	'
Supplemental Information	'
	Supplemental Information
	Property and equipment, net consisted of the following (in thousands):
		October 6,			December 30,
		2014			2013
	Buildings under deemed landlord financing	$	17,600		$	16,150
	Leasehold improvements	67,266			50,587
	Machinery and equipment	16,446			12,399
	Furniture and fixtures	3,451			2,669
	Automobiles	3,015			2,282
	Computer equipment	4,424			3,395
	Construction in progress	6,180			6,257
	Total Property and equipment, gross	118,382			93,739
	Less: Accumulated depreciation	(21,223		)	(15,110		)
	Total Property and equipment, net	$	97,159		$	78,629
	Accrued expenses and other consisted of the following (in thousands):
		October 6,			December 30,
		2014			2013
	Accrued payroll and payroll taxes	$	3,406		$	2,417
	Accrued capital purchases	1,599			1,185
	Sales tax payable	1,440			805
	Gift certificate payable	332			600
	Other accrued expenses	1,926			1,415
	Total Accrued expenses and other	$	8,703		$	6,422

Fair_Value_Measurements

Fair Value Measurements	9 Months Ended
	Oct. 06, 2014
Fair Value Disclosures [Abstract]	'
Fair Value Measurements	'
	Fair Value Measurements
	The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable and all other current liabilities approximate fair values due to the short maturities of these instruments.

Bank_Line_of_Credit_and_Term_L

Bank Line of Credit and Term Loan	9 Months Ended
	Oct. 06, 2014
Debt Disclosure [Abstract]	'
Bank Line of Credit and Term Loan	'
	Bank Line of Credit and Term Loan
	We had a credit agreement with a commercial finance company that included a term loan and line of credit (the “Credit Facility”), which were collateralized by a first-priority interest in, among other things, our accounts receivable, general intangibles, inventory, equipment, and furniture and fixtures.
	As of December 30, 2013, the term loan and line of credit had a balance of $38.5 million and $2.9 million, respectively. As of December 30, 2013, our interest rate for the term loan and line of credit was calculated based on the 1-month LIBOR (with a floor of 1.0%) plus 4.25%.
	On April 16, 2014, we repaid in full our outstanding $37.5 million term loan and $10.8 million line of credit with a portion of the proceeds from our IPO. Upon repayment, the Credit Facility and all related agreements were terminated, including the existing interest rate contract. In addition, we wrote-off all unamortized loan costs, resulting in a loss on extinguishment of debt of $1.0 million.

Equitybased_Compensation

Equity-based Compensation	9 Months Ended
	Oct. 06, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Equity-based Compensation	'
	Equity-based Compensation
	In connection with the IPO, we adopted the 2014 Omnibus Incentive Plan (the “2014 Incentive Plan”), which provides for grants of stock options, stock appreciation rights, restricted stock, other stock-based awards and other cash-based awards available to directors, officers and other employees of us and our subsidiaries, as well as others performing consulting or advisory services to us. The number of shares of common stock available for issuance under the 2014 Incentive Plan may not exceed 1,905,799.
	The following table summarizes our stock option plan:
		Stock Options		Weighted Average Exercise Price
	Stock Options outstanding as of December 30, 2013	—		$	—
	Granted	525,730		15.72
	Forfeited	(10,370	)	(15.00		)
	Stock Options outstanding as of October 6, 2014	515,360		$	15.73
	There were 250,000 stock options granted, included in the table above, that vested immediately upon completion of the IPO and the remainder of the options will vest in four equal annual installments following the date of the grant. The weighted average fair market value of stock options granted in the forty weeks ended October 6, 2014 was $5.34 per share, as estimated at the date of grant using the Black-Scholes model using the following weighted average assumptions:
			Forty Weeks Ended
			October 6, 2014
	Dividend yield		0%
	Expected volatility (1)		34.73%
	Risk-free rate of return		1.78%
	Expected life (in years) (2)		5.1
	(1) Expected volatility was based on competitors within the industry.
	(2) Expected life was calculated using the simplified method, which is an average of the contractual term of the option and its ordinary vesting period, as we do not have sufficient historical data for determining the expected term of our stock option awards.
	We issued no restricted stock units for the twelve weeks ended October 6, 2014. We issued 6,666 restricted stock units for the forty weeks ended October 6, 2014 which will vest in three equal annual installments following the date of the grant.
	Prior to the IPO, certain of our employees had been granted Class B units in Zoe’s Investors, LLC ("Zoe's Investors"), which was our parent company, pursuant to that entity’s limited liability company agreement. As these awards had been granted to employees of the Company, which was a consolidated subsidiary of Zoe’s Investors, the related compensation expense was reflected in the Company’s consolidated financial statements prior to the IPO. Awards granted during 2012 and 2013 are identical to those granted in and prior to 2011 with the exception of a provision that the employee forfeits the 2012 and 2013 awards, vested or unvested, if they terminate their employment with the Company for any reason. There was no compensation expense related to the 2012 and 2013 awards prior to the IPO. In connection with the IPO, any awards granted by Zoe's Investors were converted into common stock.
	We recognized equity-based compensation as a component of general and administrative expenses of $0.05 million and $0.01 million during the twelve weeks ended October 6, 2014 and October 7, 2013, respectively, and $6.2 million and $0.06 million during the forty weeks ended October 6, 2014 and October 7, 2013, respectively. Of the total equity-based compensation recognized in the forty weeks ended October 6, 2014, $4.9 million is related to accelerated vesting of outstanding equity awards at the IPO and $1.2 million is related to stock options granted at the date of the IPO. As of October 6, 2014, total unrecognized compensation expense related to non-vested stock awards, including an estimate for pre-vesting forfeitures, was $1.3 million, which is expected to be recognized over a weighted-average period of 3.7 years.

Earnings_Per_Share

Earnings Per Share	9 Months Ended
	Oct. 06, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share	'
	Earnings Per Share
	Basic net income (loss) per share is calculated by dividing net income (loss) by the weighted average shares outstanding during the period, without consideration of common stock equivalents. Diluted net income (loss) per share is calculated by adjusting weighted average shares outstanding for the dilutive effect of common stock equivalents outstanding for the period, determined using the treasury-stock method.
	The following table presents the computation of basic and diluted net loss per share for the period indicated:
		Twelve Weeks Ended				Forty Weeks Ended
		October 6,		October 7,		October 6,			October 7,
		2014		2013		2014			2013
	Net income (loss) (in thousands):	$	448	$	351	$	(8,421	)	$	(617	)
	Shares:
	Basic weighted average shares outstanding	19,269,746		12,561,414		16,849,955			12,561,414
	Diluted weighted average shares outstanding	19,502,018		12,561,414		16,849,955			12,561,414
	Earnings (loss) per share:
	Basic EPS	$	0.02	$	0.03	$	(0.50	)	$	(0.05	)
	Diluted EPS	$	0.02	$	0.03	$	(0.50	)	$	(0.05	)
	During the forty weeks ended October 6, 2014, 314,956 stock options and 4,660 restricted stock units were excluded from the diluted EPS calculation because their inclusion would have been anti-dilutive. During the forty weeks ended October 7, 2013, there were no stock options or restricted units excluded from the diluted EPS calculation.

Income_Taxes

Income Taxes	9 Months Ended
	Oct. 06, 2014
Income Tax Disclosure [Abstract]	'
Income Taxes	'
	Income Taxes
	Provision for income taxes was $0.6 million and $0.2 million for the forty weeks ended October 6, 2014 and October 7, 2013, respectively. The effective tax rate was (7.2)% and (46.0)% for the forty weeks ended October 6, 2014 and October 7, 2013, respectively. Our quarterly provision for income taxes is measured using an estimated effective tax rate for the period. The comparison of our effective tax rate between periods is significantly impacted by the level of pre-tax income earned and projected for the year, which in the current quarter is primarily impacted by additional expenses incurred as a result of the follow-on offering completed in August 2014 and a few other operational expenses.
	Our IPO, as well as other transactions, can change the aggregate ownership of certain shareholders, that could cause a shift in the ownership of the Company which pursuant to Internal Revenue Code Section 382, could then limit on an annual basis the Company’s ability to utilize its U.S. Federal NOL carryovers (and possibly state NOL carryovers as well). If that occurred, the Company’s NOLs would continue to be available to offset taxable income and tax liabilities in future years (until such NOLs are either used or expire) subject to any Section 382 annual limitation.

Related_Party_Transactions

Related Party Transactions	9 Months Ended
	Oct. 06, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions	'
	Related Party Transactions
	Corporate Development and Administrative Services Agreement
	Prior to the IPO, Zoe’s Investors terminated the Corporate Development and Administrative Services Agreement with Brentwood Private Equity IV, LLC ("Brentwood"), an owner of membership interests in Zoe’s Investors, the previous sole shareholder. Under the terms of the agreement, Brentwood provided assistance in the corporate development activities and our business growth efforts. As consideration for services provided, we provided reimbursement for business expenses related to performance of this agreement and an annual consulting fee based on Adjusted EBITDA as defined in the agreement. We had no expenses and $0.08 million of expenses during the twelve weeks ended October 6, 2014 and October 7, 2013, respectively, related to this agreement and $0.1 million and $0.1 million of expenses during the forty weeks ended October 6, 2014 and October 7, 2013, respectively.
	In connection with our follow-on offering on August 19, 2014, we purchased 94,100 shares of our common stock from certain of our officers at $29.04 per share, the net price per share in the offering. We did not receive net proceeds from the offering.

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
	Oct. 06, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
	Commitments and Contingencies
	Franchise Agreement
	Our franchise agreement requires franchisees to remit continuing royalty fees at a specified percentage of the franchisee’s gross sales revenue, provides that we as franchisor, or our authorized representative, will: (a) provide franchisee with written schedules of all foods, food products, beverages, and other items for sale, and the furniture, fixtures, supplies and equipment necessary and required for the operation of the restaurant; (b) provide franchisee with a list of approved suppliers for the products and services necessary and required for the restaurant; (c) upon the reasonable written request of franchisee, render reasonable advisory services by telephone or in writing pertaining to the operation of the restaurant; (d) provide franchisee with a sample of the standard Zoës Kitchen menu, and any modifications to the menu; (e) loan franchisee a copy of the System’s operating manual and any supplements to the manual that may be published by us; and, (f) provide franchisee the opportunity to participate in group purchasing programs that we may use, develop, sponsor or provide on terms and conditions determined solely by us. In addition, as a condition to the commencement of business by the franchisee, the franchisee must attend and successfully complete our training program.
	Litigation
	We are involved in certain litigation and claims arising in the normal course of business. In the opinion of management, the resolution of these matters will not have a material adverse effect on the financial position or results of our operations.
	Other
	In connection with the IPO, the Company entered into Employment Agreements with two of its executives, superseding their existing employment agreements as discussed in our final prospectus filed on April 14, 2014. The Employment Agreements have an initial term of three years, with subsequent one year extensions unless terminated by the Company or the executive. Under both Employment Agreements, if the executive’s employment is terminated without "cause" or by the executive with "good reason", the executive is entitled to the following severance payments: a) 12 months of continued base salary; b) 12 months of continued health plan coverage, provided the executive continues to pay the relevant employee portion on an after-tax basis that was being paid prior to termination and provided that such coverage will cease if the executive obtains coverage through a new employer; c) a prorated annual bonus amount based on actual performance and prorated vesting of any incentive equity shares that would have otherwise vested in the 12-month period following termination. The severance payments are conditioned upon the executive entering into a general release in favor of the Company and our affiliates.

Subsequent_Events

Subsequent Events	9 Months Ended
	Oct. 06, 2014
Subsequent Events [Abstract]	'
Subsequent Events	'
	Subsequent Events
	On November 10, 2014, we purchased from our Louisiana franchisee three franchise restaurants in Louisiana, two restaurants under development and area development rights in Louisiana, which will allow for us to further expand our Company-owned operations in this market. The purchase price for the acquisition was $8.0 million, subject to certain purchase price adjustments.
	On November 19, 2014, we completed a follow-on offering of 4,370,000 shares of common stock at a price of $32.00 per share, which included 570,000 shares sold to the underwriters pursuant to their over-allotment option. All of the shares in the offering were offered by the selling stockholders. We did not receive any proceeds from the offering.

Nature_of_Operations_and_Basis1

Nature of Operations and Basis of Presentation (Policies)	9 Months Ended
	Oct. 06, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Basis of Accounting	'
	Interim Financial Statements
	The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles and practices of the United States of America ("GAAP") for interim financial information. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair statement of the results for interim periods have been included.
	Certain information and footnote disclosures normally included in audited consolidated financial statements presented in accordance with GAAP have been condensed or omitted pursuant to rules and regulations of the Securities and Exchange Commission (the "SEC"). Due to the seasonality of our business, results for any interim financial period are not necessarily indicative of the results that may be achieved for a full fiscal year. In addition, quarterly results of operations may be impacted by the timing and amount of sales and costs associated with the opening of new restaurants. These interim unaudited consolidated financial statements do not represent complete financial statements and should be read in conjunction with our annual financial statements for the year ended December 30, 2013, included in the Company's final prospectus filed on November 14, 2014.
Comprehensive Income (Loss)	'
	Comprehensive Income (Loss)
	Comprehensive income (loss) is the change in equity of a business enterprise during a period from transactions and other events and circumstances from non-owner sources. Comprehensive income (loss) is the same as net loss for all periods presented. Therefore, a separate statement of comprehensive income (loss) is not included in the accompanying consolidated financial statements.
Principles of Consolidation	'
	Principles of Consolidation
	The consolidated financial statements include the accounts of Zoe’s Kitchen, Inc. and its wholly owned subsidiaries, Zoe’s Kitchen USA, LLC and Soho Franchising, LLC. All intercompany accounts and transactions have been eliminated in consolidation. The consolidated financial statements presented herein reflect our financial position, results of operations, cash flows and changes in equity in conformity with GAAP.
Fiscal Period	'
	Fiscal Year
	We operate on a 52- or 53-week fiscal year that ends on the last Monday of the calendar year. Fiscal years ended December 29, 2014 and December 30, 2013 consist of 52 weeks. Our first fiscal quarter consists of 16 weeks, and each of our second, third and fourth fiscal quarters consists of 12 weeks, except for a 53-week year when the fourth quarter has 13 weeks.
Use of Estimates	'
	Use of Estimates
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions, such as valuation of long-lived, definite and indefinite-lived assets, estimated useful lives of assets, the reasonably assured lease terms of operating leases, the construction costs of leases where the Company is considered the owner during and after the construction period, allowance for doubtful accounts, the fair value and forfeiture rates related to equity-based compensation, insurance reserves, and deferred tax valuation allowances, that affect the 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 during the reporting period. Actual results could differ from those estimates.
Insurance Reserves	'
	Insurance Reserves
	Beginning with our new insurance policy period, on September 27, 2014, we self-insure a portion of our expected losses under our worker's compensation insurance program. To limit our exposure to losses, we maintain stop-loss coverage through third-party insurers. Insurance liabilities representing estimated costs to settle reported claims and incurred but not recorded are included in accrued expenses and other.
Recently Issued Accounting Standards	'
	Recently Issued Accounting Standards
	In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, "Revenue from Contracts with Customers." This update was issued to replace the current revenue recognition guidance, creating a more comprehensive revenue model. This update is effective in fiscal periods beginning after December 15, 2016 and early application is not permitted. We are currently evaluating the impact of the adoption of ASU 2014-09 on our consolidated financial position or results of operations.
	In April 2014, the FASB issued ASU, 2014-08, "Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity." This ASU raises the threshold for a disposal to qualify as a discontinued operation and requires new disclosures of both discontinued operations and certain other disposals that do not meet the definition of a discontinued operation. This update is effective in fiscal periods beginning after December 15, 2014. The adoption of ASU 2014-08 is not expected to have a material impact on our consolidated financial position or results of operations.

Business_Combination_Tables

Business Combination (Tables)	9 Months Ended
	Oct. 06, 2014
Business Combinations [Abstract]	'
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	'
	The preliminary allocation of the purchase price to the estimated fair value of the assets acquired and liabilities assumed at the acquisition date is as follows (in thousands):
	Cash	$	2
	Inventory	15
	Property and equipment	167
	Reacquired rights	91
	Goodwill	892
	Accounts payable	(3		)
	Royalties payable	(17		)
	Total purchase price	$	1,147

Supplemental_Information_Table

Supplemental Information (Tables)	9 Months Ended
	Oct. 06, 2014
Statement of Financial Position [Abstract]	'
Schedule of Property and Equipment, Net	'
	Property and equipment, net consisted of the following (in thousands):
		October 6,			December 30,
		2014			2013
	Buildings under deemed landlord financing	$	17,600		$	16,150
	Leasehold improvements	67,266			50,587
	Machinery and equipment	16,446			12,399
	Furniture and fixtures	3,451			2,669
	Automobiles	3,015			2,282
	Computer equipment	4,424			3,395
	Construction in progress	6,180			6,257
	Total Property and equipment, gross	118,382			93,739
	Less: Accumulated depreciation	(21,223		)	(15,110		)
	Total Property and equipment, net	$	97,159		$	78,629
Schedule of Accrued Expenses	'
	Accrued expenses and other consisted of the following (in thousands):
		October 6,			December 30,
		2014			2013
	Accrued payroll and payroll taxes	$	3,406		$	2,417
	Accrued capital purchases	1,599			1,185
	Sales tax payable	1,440			805
	Gift certificate payable	332			600
	Other accrued expenses	1,926			1,415
	Total Accrued expenses and other	$	8,703		$	6,422

Equitybased_Compensation_Table

Equity-based Compensation (Tables)	9 Months Ended
	Oct. 06, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Schedule of Equity-based Compensation, Stock Options, Activity	'
	The following table summarizes our stock option plan:
		Stock Options		Weighted Average Exercise Price
	Stock Options outstanding as of December 30, 2013	—		$	—
	Granted	525,730		15.72
	Forfeited	(10,370	)	(15.00		)
	Stock Options outstanding as of October 6, 2014	515,360		$	15.73
Schedule of Valuation Assumptions	'
	The weighted average fair market value of stock options granted in the forty weeks ended October 6, 2014 was $5.34 per share, as estimated at the date of grant using the Black-Scholes model using the following weighted average assumptions:
			Forty Weeks Ended
			October 6, 2014
	Dividend yield		0%
	Expected volatility (1)		34.73%
	Risk-free rate of return		1.78%
	Expected life (in years) (2)		5.1

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	9 Months Ended
	Oct. 06, 2014
Earnings Per Share [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted	'
	The following table presents the computation of basic and diluted net loss per share for the period indicated:
		Twelve Weeks Ended				Forty Weeks Ended
		October 6,		October 7,		October 6,			October 7,
		2014		2013		2014			2013
	Net income (loss) (in thousands):	$	448	$	351	$	(8,421	)	$	(617	)
	Shares:
	Basic weighted average shares outstanding	19,269,746		12,561,414		16,849,955			12,561,414
	Diluted weighted average shares outstanding	19,502,018		12,561,414		16,849,955			12,561,414
	Earnings (loss) per share:
	Basic EPS	$	0.02	$	0.03	$	(0.50	)	$	(0.05	)
	Diluted EPS	$	0.02	$	0.03	$	(0.50	)	$	(0.05	)

Nature_of_Operations_and_Basis2

Nature of Operations and Basis of Presentation - Nature of Operations (Details)	9 Months Ended	12 Months Ended
	Oct. 06, 2014	Dec. 30, 2013
	segment
	state
Franchisor Disclosure [Line Items]	'	'
Number of states in which entity operates	15	'
Number of operating segments	1	'
Number of reporting segments	1	'
Days in fiscal year	'364 days	'364 days
Days in first fiscal quarter	'112 days	'112 days
Days in second fiscal quarter	'84 days	'84 days
Days in third fiscal quarter	'84 days	'84 days
Days in fourth fiscal quarter	'84 days	'84 days
Company-owned	'	'
Franchisor Disclosure [Line Items]	'	'
Number of restaurants	120	'
Franchised	'	'
Franchisor Disclosure [Line Items]	'	'
Number of restaurants	6	'

Nature_of_Operations_and_Basis3

Nature of Operations and Basis of Presentation - Stock (Details) (Common Stock, USD $)	0 Months Ended
In Millions, except Share data, unless otherwise specified	Aug. 19, 2014	Apr. 16, 2014	Aug. 19, 2014	Apr. 16, 2014
Class of Stock [Line Items]	'	'	'	'
Shares issued	5,175,000	6,708,332	'	'
IPO price per share (USD per share)	'	'	$30.25	$15
Stock split, conversion ratio	'	125,614	'	'
Proceeds from issuance IPO, net of discounts, commissions, and other offering expense	'	$91	'	'
Over-Allotment Option	'	'	'	'
Class of Stock [Line Items]	'	'	'	'
Shares issued	675,000	874,999	'	'
Officer	'	'	'	'
Class of Stock [Line Items]	'	'	'	'
IPO price per share (USD per share)	'	'	$29.04	'
Stock repurchased (in shares)	94,100	'	'	'

Business_Combination_Narrative

Business Combination - Narrative (Details) (Mobile, Alabama and Destin, Florida Franchise Restaurants, USD $)	0 Months Ended	3 Months Ended	9 Months Ended
In Millions, unless otherwise specified	Jan. 08, 2014	Oct. 06, 2014	Oct. 06, 2014
	franchisee
Business Acquisition [Line Items]	'	'	'
Number of franchisees involved in acquisition	1	'	'
Total purchase price	$1.10	'	'
Contributed revenues from acquisition	'	$0.60	$1.20
Franchised	'	'	'
Business Acquisition [Line Items]	'	'	'
Number of restaurants acquired	2	'	'

Business_Combination_Schedule_

Business Combination - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (Details) (USD $)	Oct. 06, 2014	Dec. 30, 2013	Jan. 08, 2014
In Thousands, unless otherwise specified			Mobile, Alabama and Destin, Florida Franchise Restaurants
Business Acquisition [Line Items]	'	'	'
Cash	'	'	$2
Inventory	'	'	15
Property and equipment	'	'	167
Reacquired rights	'	'	91
Goodwill	24,226	23,334	892
Accounts payable	'	'	-3
Royalties payable	'	'	-17
Total purchase price	'	'	$1,147

Supplemental_Information_Sched

Supplemental Information - Schedule of Property and Equipment, Net (Details) (USD $)	Oct. 06, 2014	Dec. 30, 2013
In Thousands, unless otherwise specified
Property, Plant and Equipment [Line Items]	'	'
Property and equipment, gross	$118,382	$93,739
Less: Accumulated depreciation	-21,223	-15,110
Total Property and equipment, net	97,159	78,629
Buildings under deemed landlord financing	'	'
Property, Plant and Equipment [Line Items]	'	'
Property and equipment, gross	17,600	16,150
Leasehold improvements	'	'
Property, Plant and Equipment [Line Items]	'	'
Property and equipment, gross	67,266	50,587
Machinery and equipment	'	'
Property, Plant and Equipment [Line Items]	'	'
Property and equipment, gross	16,446	12,399
Furniture and fixtures	'	'
Property, Plant and Equipment [Line Items]	'	'
Property and equipment, gross	3,451	2,669
Automobiles	'	'
Property, Plant and Equipment [Line Items]	'	'
Property and equipment, gross	3,015	2,282
Computer equipment	'	'
Property, Plant and Equipment [Line Items]	'	'
Property and equipment, gross	4,424	3,395
Construction in progress	'	'
Property, Plant and Equipment [Line Items]	'	'
Property and equipment, gross	$6,180	$6,257

Supplemental_Information_Sched1

Supplemental Information - Schedule of Accrued Expenses (Details) (USD $)	Oct. 06, 2014	Dec. 30, 2013
In Thousands, unless otherwise specified
Statement of Financial Position [Abstract]	'	'
Accrued payroll and payroll taxes	$3,406	$2,417
Accrued capital purchases	1,599	1,185
Sales tax payable	1,440	805
Gift certificate payable	332	600
Other accrued expenses	1,926	1,415
Total Accrued expenses and other	$8,703	$6,422

Bank_Line_of_Credit_and_Term_L1

Bank Line of Credit and Term Loan - Narrative (Details) (USD $)	3 Months Ended		9 Months Ended		0 Months Ended				0 Months Ended
	Oct. 06, 2014	Oct. 07, 2013	Oct. 06, 2014	Oct. 07, 2013	Apr. 16, 2014	Dec. 30, 2013	Dec. 30, 2013	Dec. 30, 2013	Apr. 16, 2014	Apr. 16, 2014
					Secured Debt	Secured Debt	Term Loan	Line of Credit	Term Loan	Line of Credit
						1-month London Interbank Offered Rate (LIBOR) [Member]	Secured Debt	Secured Debt	Secured Debt	Secured Debt
Debt Instrument [Line Items]	'	'	'	'	'	'	'	'	'	'
Amount outstanding	'	'	'	'	'	'	$38,500,000	$2,900,000	'	'
Floor of variable rate basis	'	'	'	'	'	1.00%	'	'	'	'
Basis spread on variable rate	'	'	'	'	'	4.25%	'	'	'	'
Repaid outstanding debt	'	'	'	'	'	'	'	'	37,500,000	10,800,000
Loss on extinguishment of debt	$0	$0	$978,000	$0	$1,000,000	'	'	'	'	'

Equitybased_Compensation_Narra

Equity-based Compensation - Narrative (Details) (USD $)

9 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

In Millions, except Share data, unless otherwise specified

Oct. 06, 2014

Oct. 06, 2014

Oct. 06, 2014

Apr. 16, 2014

Oct. 06, 2014

Oct. 06, 2014

Oct. 06, 2014

Oct. 06, 2014

Oct. 06, 2014

Oct. 06, 2014

Oct. 07, 2013

Oct. 06, 2014

Oct. 07, 2013

Employee Stock Option

Restricted Stock Units (RSUs)

2014 Omnibus Incentive Plan

2014 Omnibus Incentive Plan

2014 Omnibus Incentive Plan

2014 Omnibus Incentive Plan

2014 Omnibus Incentive Plan

2014 Omnibus Incentive Plan

General and Administrative Expense

General and Administrative Expense

General and Administrative Expense

General and Administrative Expense

Employee Stock Option

Restricted Stock Units (RSUs)

Restricted Stock Units (RSUs)

Immediate Vesting

Four Year Vesting

Employee Stock Option

Employee Stock Option

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of shares authorized

'

'

'

1,905,799

'

'

'

'

'

'

'

'

'

Grants in period

525,730

'

'

'

'

'

'

250,000

'

'

'

'

'

Award vesting period

'

'

'

'

'

'

'3 years

'

'4 years

'

'

'

'

Weighted average fair market value of stock options granted

'

'

'

'

$5.34

'

'

'

'

'

'

'

'

Restricted stock issued

'

'

'

'

'

0

6,666

'

'

'

'

'

'

General and administrative expenses

'

$1.20

'

'

'

'

'

'

'

$0.05

$0.01

$6.20

$0.06

Accelerated compensation costs

'

'

4.9

'

'

'

'

'

'

'

'

'

'

Unrecognized compensation costs

$1.30

'

'

'

'

'

'

'

'

'

'

'

'

Period of recognition

'3 years 8 months 1 day

'

'

'

'

'

'

'

'

'

'

'

'

Equitybased_Compensation_Sched

Equity-based Compensation - Schedule of Equity-based Compensation, Stock Options, Activity (Details) (USD $)	9 Months Ended
	Oct. 06, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]	'
Stock options outstanding, beginning	0
Stock options, grants in period	525,730
Stock options, forfeited in period	-10,370
Stock options outstanding, ending	515,360
Weighted Average Exercise Price	'
Stock options outstanding, weighted average exercise price, beginning	$0
Stock options, weighted average exercise price, grants in period	$15.72
Stock options, weighted average exercise price, forfeited in period	($15)
Stock options outstanding, weighted average exercise price, ending	$15.73

Equitybased_Compensation_Sched1

Equity-based Compensation - Schedule of Valuation Assumptions (Details)	9 Months Ended
	Oct. 06, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Dividend yield	0.00%
Expected volatility	34.73%	[1]
Risk-free rate of return	1.78%
Expected life (in years)	'5 years 1 month 6 days	[2]
[1]	Expected volatility was based on competitors within the industry.
[2]	Expected life was calculated using the simplified method, which is an average of the contractual term of the option and its ordinary vesting period, as we do not have sufficient historical data for determining the expected term of our stock option awards.

Earnings_Per_Share_Schedule_of

Earnings Per Share - Schedule of Earnings Per Share, Basic and Diluted (Details) (USD $)	3 Months Ended			9 Months Ended
In Thousands, except Share data, unless otherwise specified	Oct. 06, 2014	Dec. 30, 2013	Oct. 07, 2013	Oct. 06, 2014	Oct. 07, 2013
Earnings Per Share [Abstract]	'	'	'	'	'
Net income (loss)	$448	($3,098)	$351	($8,421)	($617)
Basic weighted average shares outstanding (in shares)	19,269,746	'	12,561,414	16,849,955	12,561,414
Diluted weighted average shares outstanding (in shares)	19,502,018	'	12,561,414	16,849,955	12,561,414
Basic EPS (USD per share)	$0.02	'	$0.03	($0.50)	($0.05)
Diluted EPS (USD per share)	$0.02	'	$0.03	($0.50)	($0.05)

Earnings_Per_Share_Narrative_D

Earnings Per Share - Narrative (Details)	9 Months Ended
	Oct. 06, 2014	Oct. 07, 2013
Employee Stock Option	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Antidilutive securities excluded from computation of earnings per share (in shares)	314,956	0
Restricted Stock Units (RSUs)	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Antidilutive securities excluded from computation of earnings per share (in shares)	4,660	0

Income_Taxes_Narrative_Details

Income Taxes - Narrative (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Oct. 06, 2014	Oct. 07, 2013	Oct. 06, 2014	Oct. 07, 2013
Income Tax Disclosure [Abstract]	'	'	'	'
Provision (benefit) for income taxes	($178)	$23	$563	$194
Effective tax rate	'	'	-7.20%	-46.00%

Related_Party_Transactions_Nar

Related Party Transactions - Narrative (Details) (USD $)	3 Months Ended		9 Months Ended				0 Months Ended
In Millions, except Share data, unless otherwise specified	Oct. 06, 2014	Oct. 07, 2013	Oct. 06, 2014	Oct. 07, 2013	Aug. 19, 2014	Apr. 16, 2014	Aug. 19, 2014	Aug. 19, 2014
	Affiliated Entity	Affiliated Entity	Affiliated Entity	Affiliated Entity	Common Stock	Common Stock	Common Stock	Common Stock
	Corporate Development and Administrative Services Agreement	Corporate Development and Administrative Services Agreement	Corporate Development and Administrative Services Agreement	Corporate Development and Administrative Services Agreement			Officer	Officer
Related Party Transaction [Line Items]	'	'	'	'	'	'	'	'
Expenses related to performance of services agreement	$0	$0.08	$0.10	$0.10	'	'	'	'
Stock repurchased (in shares)	'	'	'	'	'	'	94,100	'
Shares issued, price per share (USD per share)	'	'	'	'	$30.25	$15	'	$29.04

Commitments_and_Contingencies_

Commitments and Contingencies - Narrative (Details)	0 Months Ended
	Apr. 16, 2014
	employment_agreement
Commitments and Contingencies Disclosure [Abstract]	'
Number of employment agreements	2
Initial term of employment agreement	'3 years
Extension term of employment agreement	'1 year
Salary continuation term per employment agreement	'12 months
Continued health plan coverage term per employment agreement	'12 months
Vesting period used to calculate prorated bonus following termination	'12 months

Subsequent_Events_Details

Subsequent Events (Details) (USD $)

0 Months Ended

0 Months Ended

0 Months Ended

Nov. 10, 2014

Nov. 10, 2014

Nov. 10, 2014

Aug. 19, 2014

Apr. 16, 2014

Aug. 19, 2014

Apr. 16, 2014

Nov. 19, 2014

Nov. 19, 2014

Aug. 19, 2014

Apr. 16, 2014

Nov. 19, 2014

Louisiana Franchise Restaurants

Franchised

Under Development

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Over-Allotment Option

Over-Allotment Option

Over-Allotment Option

Subsequent Event

Louisiana Franchise Restaurants

Louisiana Franchise Restaurants

Subsequent Event

Subsequent Event

Common Stock

Common Stock

Common Stock

Subsequent Event

Subsequent Event

Subsequent Event

restaurant

restaurant

Subsequent Event [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

Number of restaurants acquired

'

3

2

'

'

'

'

'

'

'

'

'

Purchase price, subject to purchase price adjustments

$8,000,000

'

'

'

'

'

'

'

'

'

'

'

Shares sold to the underwriters

'

'

'

5,175,000

6,708,332

'

'

4,370,000

'

675,000

874,999

570,000

Shares issued, price per share (USD per share)

'

'

'

'

'

$30.25

$15

'

$32

'

'

'