J. Alexanders (JAX) 10-K 15 Mar 18 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2017	Mar. 14, 2018	Jul. 02, 2017
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Trading Symbol	JAX
Entity Registrant Name	J. Alexander's Holdings, Inc.
Entity Central Index Key	1,617,227
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		14,695,176
Entity Public Float			$ 155,823,981

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2017	Jan. 01, 2017
Current assets:
Cash and cash equivalents	$ 10,711	$ 6,632
Accounts and notes receivable	1,446	1,555
Inventories	2,804	2,538
Prepaid expenses and other current assets	3,769	3,648
Total current assets	18,730	14,373
Other assets	6,183	6,012
Property and equipment, at cost, less accumulated depreciation and amortization of $43,484 and $34,164 as of December 31, 2017 and January 1, 2017, respectively	103,615	101,470
Goodwill	15,737	15,737
Tradename and other indefinite-lived assets	25,202	25,155
Deferred charges, less accumulated amortization of $247 and $197 as of December 31, 2017 and January 1, 2017, respectively	184	291
Total assets	169,651	163,038
Current liabilities:
Accounts payable	6,587	6,929
Accrued expenses and other current liabilities	10,745	9,486
Unearned revenue	3,695	3,400
Current portion of long-term debt	9,000	7,889
Total current liabilities	30,027	27,704
Long-term debt, net of portion classified as current and deferred loan costs	10,781	15,418
Deferred compensation obligations	6,451	6,010
Deferred income taxes	2,075	4,031
Other long-term liabilities	6,456	5,555
Total liabilities	55,790	58,718
Stockholders' Equity:
Common stock, par value $0.001 per share: Authorized 30,000,000 shares; issued and outstanding 14,695,176 shares as of December 31, 2017 and January 1, 2017, respectively	15	15
Preferred stock, par value $0.001 per share: Authorized 10,000,000 shares; no shares issued and outstanding as of December 31, 2017 or January 1, 2017
Additional paid-in capital	95,151	94,404
Retained earnings	13,495	6,161
Total stockholders' equity attributable to J. Alexander's Holdings, Inc.	108,661	100,580
Non-controlling interests	5,200	3,740
Total stockholders' equity	113,861	104,320
Commitments and contingencies
Total liabilities and stockholders' equity	$ 169,651	$ 163,038

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2017	Jan. 01, 2017
Statement Of Financial Position [Abstract]
Property and equipment, at cost, less accumulated depreciation and amortization	$ 43,484	$ 34,164
Deferred charges, accumulated amortization	$ 247	$ 197
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	30,000,000	30,000,000
Common stock, shares issued	14,695,176	14,695,176
Common stock, shares outstanding	14,695,176	14,695,176
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2017	Jan. 01, 2017	Jan. 03, 2016
Income Statement [Abstract]
Net sales	$ 233,255	$ 219,582	$ 217,914
Costs and expenses:
Cost of sales	74,548	69,320	68,806
Restaurant labor and related costs	71,541	67,102	65,860
Depreciation and amortization of restaurant property and equipment	9,999	8,834	8,222
Other operating expenses	46,590	43,873	43,076
Total restaurant operating expenses	202,678	189,129	185,964
Transaction and integration expenses	3,529	64	7,181
General and administrative expenses	18,886	18,852	16,094
Pre-opening expenses	1,038	1,443	275
Total operating expenses	226,131	209,488	209,514
Operating income	7,124	10,094	8,400
Other income (expense):
Interest expense	(816)	(662)	(1,158)
Other, net	118	107	97
Total other expense	(698)	(555)	(1,061)
Income from continuing operations before income taxes	6,426	9,539	7,339
Income tax benefit (expense)	1,347	(2,062)	(1,555)
Loss from discontinued operations, net	(439)	(434)	(429)
Net income	$ 7,334	$ 7,043	$ 5,355
Basic earnings per share:
Income from continuing operations, net of tax	$ 0.53	$ 0.50	$ 0.39
Loss from discontinued operations, net	(0.03)	(0.03)	(0.03)
Basic earnings per share	0.50	0.48	0.36
Diluted earnings per share:
Income from continuing operations, net of tax	0.53	0.50	0.38
Loss from discontinued operations, net	(0.03)	(0.03)	(0.03)
Diluted earnings per share	$ 0.50	$ 0.47	$ 0.36
Weighted-average common shares outstanding:
Basic	14,695	14,821	15,000
Diluted	14,768	14,840	15,037
Comprehensive income	$ 7,334	$ 7,043	$ 5,355

Consolidated Statements of Memb

Consolidated Statements of Members / Stockholders Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Members' Equity	Non-controlling interests
Balances at Dec. 28, 2014	$ 96,889				$ 96,889
Tax distributions	(68)				(68)
Share-based compensation	388				388
Net income	3,034				3,034
Balances at Sep. 27, 2015	100,243				100,243
Balances at Dec. 28, 2014	96,889				96,889
Net income	5,355
Balances at Jan. 03, 2016	98,803	$ 15	$ 95,283	$ 2,321		$ 1,184
Balance, shares at Jan. 03, 2016		15,000,235
Balances at Sep. 27, 2015	100,243				100,243
Effect of reorganizational and distribution transactions		$ 15	99,840		$ (100,243)	388
Effect of reorganizational and distribution transactions, shares		15,000,235
Tax effect of reorganizational and distribution transactions	(4,629)		(4,629)
Share-based compensation	868		72			796
Net income	2,321			2,321
Balances at Jan. 03, 2016	98,803	$ 15	95,283	2,321		1,184
Balance, shares at Jan. 03, 2016		15,000,235
Tax distributions	(1,319)		(1,319)
Purchases of common stock	(3,203)			(3,203)
Purchases of common stock, shares		(305,059)
Share-based compensation	2,996		440			2,556
Net income	7,043			7,043
Balances at Jan. 01, 2017	104,320	$ 15	94,404	6,161		3,740
Balance, shares at Jan. 01, 2017		14,695,176
Purchases of common stock	$ (3,203)
Purchases of common stock, shares	(305,059)
Share-based compensation	$ 2,207		747			1,460
Net income	7,334			7,334
Balances at Dec. 31, 2017	$ 113,861	$ 15	$ 95,151	$ 13,495		$ 5,200
Balance, shares at Dec. 31, 2017		14,695,176

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Jan. 01, 2017	Jan. 03, 2016
Cash flows from operating activities:
Net income	$ 7,334	$ 7,043	$ 5,355
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property and equipment	10,287	9,110	8,523
Amortization of lease assets and liabilities and deferred charges	404	340	339
Equity-based compensation expense	2,207	2,996	1,256
Deferred income taxes	(2,257)	(895)	334
Other, net	147	251	256
Changes in assets and liabilities:
Accounts and notes receivable	109	(1,136)	(169)
Inventories	(266)	(340)	108
Prepaid expenses and other current assets	(121)	(709)	64
Accounts payable	391	(160)	227
Accrued expenses and other current liabilities	1,259	(1,839)	(781)
Unearned revenue	295	186	(253)
Deferred compensation obligations	441	295	161
Other assets and liabilities, net	1,030	1,275	590
Net cash provided by operating activities	21,260	16,417	16,010
Cash flows from investing activities:
Purchase of property and equipment	(13,312)	(20,777)	(11,431)
Rabbi trust contribution	(63)		(2,415)
Other investing activities	(193)	(239)	(140)
Net cash used in investing activities	(13,568)	(21,016)	(13,986)
Cash flows from financing activities:
Proceeds from borrowing under debt agreement		4,000	10,000
Payments on long-term debt and obligations under capital leases	(3,611)	(1,667)	(11,671)
Purchases of common stock		(3,203)
Tax distributions to J. Alexander's Holdings, LLC members		(1,319)
Other financing activities	(2)	(4)	(230)
Net cash used in financing activities	(3,613)	(2,193)	(1,901)
Increase (decrease) in cash and cash equivalents	4,079	(6,792)	123
Cash and cash equivalents at beginning of year	6,632	13,424	13,301
Cash and cash equivalents at end of year	10,711	6,632	13,424
Supplemental disclosures:
Property and equipment obligations accrued at beginning of year	2,587	1,845	1,444
Property and equipment obligations accrued at end of year	1,854	2,587	1,845
Cash paid for interest	797	691	1,109
Cash paid for income taxes	$ 850	$ 4,986	$ 445

Organization and Business

Organization and Business	12 Months Ended
	Dec. 31, 2017
Organization And Business [Abstract]
Organization and Business	Note 1 – Organization and Business Separation from FNF and Equity Structure On August 15, 2014, J. Alexander’s Holdings, Inc. (the “Company”) was incorporated in the state of Tennessee as a wholly-owned subsidiary of Fidelity National Financial, Inc. (“FNF”). On September 16, 2015, the Company entered into a separation and distribution agreement with FNF, pursuant to which FNF agreed to distribute one hundred percent of its shares of the Company’s common stock, par value $0.001, on a pro rata basis, to the holders of then Fidelity National Financial Ventures, LLC (“FNFV”) Group common stock, FNF’s then tracking stock traded on The New York Stock Exchange (“The NYSE”). Holders of then FNFV Group common stock received, as a distribution from FNF, approximately 0.17271 shares of the Company’s common stock for every one share of FNFV Group common stock held at the close of business on September 22, 2015, the record date for the distribution (the “Distribution”). Note that FNFV is now conducting business independently as Cannae Holdings, Inc., (“Cannae”) subsequent to its split-off from FNF effective November 20, 2017. Concurrent with the Distribution, certain reorganization changes were made, resulting in the Company owning all of the outstanding Class A Units and becoming the sole managing member of J. Alexander’s Holdings, LLC, the parent company of all operating subsidiaries. Also concurrent with the Distribution, the Second Amended and Restated LLC Agreement of J. Alexander’s Holdings, LLC was entered into, resulting in a total number of Class A Units outstanding of 15,000,235. Additionally, a total of 833,346 Class B Units granted to certain members of management effective on January 1, 2015 were also outstanding at the date of Distribution. The Distribution was completed on September 28, 2015. On September 28, 2015, immediately prior to the Distribution, J. Alexander’s Holdings, LLC entered into the Management Consulting Agreement with Black Knight Advisory Services, LLC (“Black Knight”), pursuant to which Black Knight provides corporate and strategic advisory services to J. Alexander’s Holdings, LLC. In accordance with the Management Consulting Agreement, J. Alexander’s Holdings, LLC granted 1,500,024 Class B Units to Black Knight as a profits interest grant on October 6, 2015. As a result of the Distribution, effective September 29, 2015, the Company is an independent public company and its common stock is listed on the NYSE under the symbol “JAX”. As of December 31, 2017, a total of 14,695,176 shares of the Company’s common stock, par value $0.001, were outstanding. On October 29, 2015, the Company’s Board of Directors (the “Board”) authorized a share repurchase program for up to 1,500,000 shares of the Company’s outstanding common stock over the three years ending October 29, 2018. Share repurchases under the program have been made and are expected to be made solely from cash on hand and available operating cash flow. Repurchases will be made in accordance with applicable securities laws and may be made from time to time in the open market. The timing, prices and amount of repurchases will depend upon prevailing market prices, general economic and market conditions and other considerations. The repurchase program does not obligate the Company to acquire any particular amount of stock. As of December 31, 2017, 305,059 shares have been repurchased and retired under this program at an aggregate purchase price of $3,203. Business of J. Alexander’s The Company, through J. Alexander’s Holdings, LLC and its subsidiaries, owns and operates full service, upscale restaurants under the J. Alexander’s, Redlands Grill, Lyndhurst Grill and Stoney River Steakhouse and Grill (“Stoney River”) concepts. At December 31, 2017 and January 1, 2017, restaurants operating within the J. Alexander’s concept consisted of 19 and 20 restaurants, in 11 and 10 states, respectively, as one new J. Alexander’s restaurant began operations during the first quarter of 2017 in Lexington, Kentucky, one J. Alexander’s restaurant closed during the first quarter of 2017 in Houston, Texas and one J. Alexander’s restaurant converted to a Lyndhurst Grill in the first quarter of 2017 in Lyndhurst, Ohio. At December 31, 2017 and January 1, 2017, restaurants operating within the Stoney River concept consisted of 12 and , respectively, as one new Stoney River restaurant began operations during the first quarter of 2017 in Chapel Hill, North Carolina

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 – a) Principles of Consolidation and Basis of Presentation The Consolidated Financial Statements are prepared in accordance with United States generally accepted accounting principles (“GAAP”), and include the accounts of the Company as well as the accounts of its majority-owned subsidiaries. All intercompany profits, transactions, and balances between the Company and its subsidiaries have been eliminated. It is the Company’s policy to reclassify prior year amounts to conform to the current year’s presentation for comparative purposes, if such a reclassification is warranted. As discussed in Note 1, as a result of the Distribution, certain reorganization changes were made resulting in the Company owning all of the outstanding Class A Units and becoming the sole managing member of J. Alexander’s Holdings, LLC. The reorganization transactions were accounted for as a non-substantive transaction in a manner similar to a transaction between entities under common control pursuant to Accounting Standards Codification (“ASC”) 805-50 Transactions between Entities under Common Control b) Fiscal Year The Company utilizes a 52- or 53-week accounting period which ends on the Sunday closest to December 31, and each quarter typically consists of 13 weeks. Fiscal years 2017 and 2016 each included 52 weeks of operations, and fiscal year 2015 included 53 weeks of operations, including a 14-week fourth quarter. c) Discontinued Operations and Restaurant Closing Costs During 2013, three J. Alexander’s restaurants were closed, and two of these restaurants were considered to be discontinued operations. Additionally, the Company closed one J. Alexander’s location during the first quarter of 2017 as the restaurant’s lease had reached the end of its term. Since the closure of this restaurant does not represent a strategic shift that will have a major effect on the Company’s operations and financial results, its results of operations and expenses associated with its closure have not been included in discontinued operations. Income (loss) from continuing operations before income taxes associated with this location was $30, $(179) and $47 for fiscal years 2017, 2016 and 2015, respectively. d) Cash and Cash Equivalents Cash and cash equivalents consist of highly liquid investments with an original maturity of three months or less when purchased. Cash also consists of payments due from third‑party credit card issuers for purchases made by guests using the issuers’ credit cards. The issuers typically remit payment within three to four days of a credit card transaction. e) Accounts and Notes Receivable Accounts receivable are primarily related to amounts due from third-party gift card sellers, expected workers’ compensation rebates and vendor rebates, which have been earned but not yet received. f) Inventories Inventories are stated at the lower of cost or net realizable value, with cost being determined on a first‑in, first‑out basis. g) Property and Equipment, Net The Company states property and equipment at cost less accumulated depreciation and amortization. Depreciation and amortization expense is calculated using the straight‑line method. The useful lives of assets are typically 30–40 years for buildings and land improvements and two–10 years for furniture, fixtures, and equipment. Leasehold improvements are amortized over the lesser of the useful life or the remaining lease term, generally inclusive of renewal periods. Equipment under capital leases is amortized to its expected residual value at the end of the lease term. Gains or losses are recognized upon the disposal of property and equipment, and the asset and related accumulated depreciation and amortization are removed from the accounts. Maintenance, repairs and betterments that do not enhance the value of or increase the life of the assets are expensed as incurred. The Company capitalizes all direct external costs associated with obtaining the land, building, and equipment for each new restaurant, as well as construction period interest. All direct external costs associated with obtaining the dining room and kitchen equipment, signage, and other assets and equipment are also capitalized. Certain direct and indirect costs are capitalized as building and leasehold improvement costs in conjunction with capital improvement projects at existing restaurants and acquiring and developing new restaurant sites. Such costs are amortized over the life of the related assets. h) Goodwill and Other Intangible Assets Goodwill represents the excess of cost over fair value of net assets acquired in a previous acquisition of the Company’s predecessor by FNF in 2012. Intangible assets include trade names, deferred loan costs, and liquor licenses at certain restaurants. Goodwill, trade names, and liquor licenses are not subject to amortization, but are tested for impairment annually as of the fiscal year‑end date, or more frequently, if events or changes in circumstances indicate that the asset might be impaired. An impairment loss is recognized to the extent that the carrying amount of the goodwill or indefinite‑lived intangible asset exceeds its fair value. The Company performed the fiscal year 2017 annual review of goodwill in accordance with Accounting Standards Update (“ASU”) No. 2011‑08, Testing Goodwill for Impairment Deferred loan costs are subject to amortization and are classified in the “Long-term debt, net of portion classified as current and deferred loan costs” line item on the Consolidated Balance Sheets. Deferred loan costs are amortized principally by the interest method over the life of the related debt. For the next five fiscal years, scheduled amortization of deferred loan costs is as follows: 2018 – $86; 2019 – $83; 2020 – $22; 2021 – $0; 2022 and thereafter – $0. i) Impairment of Long‑Lived Assets In accordance with ASC Topic 360, Property, Plant, and Equipment No impairment charges were recorded for the years ended December 31, 2017, January 1, 2017 or January 3, 2016. j) Operating Leases The Company through its subsidiaries has land only, building only, and land and building leases that are recorded as operating leases. Most of the leases have rent escalation clauses and some have rent holiday and contingent rent provisions. The rent expense under these leases is recognized on the straight‑line basis over an expected lease term, including cancelable option periods when it is reasonably assured that such option periods will be exercised because failure to do so would result in a significant economic penalty Rent expense incurred during the construction period for a leased restaurant location is included in pre‑opening expense. Contingent rent expense is based upon sales levels and is typically accrued when it is deemed probable that it will be payable. Tenant improvement allowances received from landlords under operating leases are recorded as deferred rent obligations. The same lease life that is used for the straight‑line rent calculation is also used for assessing leases for capital or operating lease accounting. k) Revenue Recognition Restaurant revenues are recognized when food and service are provided. Unearned revenue represents the liability for gift cards, which have been sold but not redeemed. Upon redemption, net sales are recorded and the liability is reduced by the amount of card values redeemed. Reductions in liabilities for gift cards that, although they do not expire, are considered to be only remotely likely to be redeemed and for which there is no legal obligation to remit balances under unclaimed property laws of the relevant jurisdictions (breakage), have been recorded as revenue and are included in net sales in the Consolidated Statements of Income and Comprehensive Income. Based on historical experience, management currently considers the probability of redemption of a gift card to be remote when it has been outstanding for 24 months. The Company records breakage related to sold gift cards when the likelihood of redemption becomes remote. Breakage of $311, $347 and $343 related to gift cards was recorded in fiscal years 2017, 2016 and 2015, respectively. l) Vendor Rebates Vendor rebates are received from various nonalcoholic beverage suppliers and suppliers of food products and supplies. Rebates are recognized as a reduction to cost of sales in the period in which they are earned. m) Advertising Costs Costs of advertising are charged to expense at the time the costs are incurred. Advertising expense totaled $124, $92 and $76, during fiscal years 2017, 2016 and 2015, respectively. n) Transaction and Integration Costs The Company and its subsidiaries have historically grown through improving operations, food quality and the guest experience. However, the Company has experienced recent transactions and proposed transactions which have resulted in certain nonrecurring transaction and integration costs being incurred. Transaction costs typically consist primarily of legal and consulting costs, accounting fees, and to a lesser extent other professional fees and miscellaneous costs. Integration costs typically consist primarily of consulting and legal costs. During fiscal year 2015, transaction costs associated with the Distribution discussed in Note 1 in the amount of $7,181 were incurred, $1,675 of which represented the write-off of deferred offering costs previously capitalized in 2014 as a result of the abandonment of the initial public offering in 2015. Deferred offering costs primarily consisted of direct, incremental legal and accounting fees relating to the pursuit of an initial public offering. During fiscal year 2016, transaction and integration costs of $64 were incurred related to the finalization of the Distribution transaction. In addition, the Company incurred transaction costs associated with the proposed acquisition of the Ninety Nine Restaurant and Pub concept (“99 Restaurants”) totaling $3,529 in fiscal year 2017. Such costs consisted primarily of fairness opinion fees, legal, accounting, and consulting fees as well as other miscellaneous costs. During fiscal year 2018, the Company announced that it did not receive the required number of disinterested shareholder votes to approve the proposed acquisition, and the merger agreement was thereafter terminated. Refer to Note 20 – Subsequent Events for additional discussion of the proposed acquisition. o) Income Taxes Income taxes are accounted for using the assets and liability method, whereby deferred income taxes reflect the net tax effect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes and for operating loss and tax credit carryforwards. The deferred taxes generated within the J. Alexander’s Holdings, LLC partnership are accounted for using the “outside basis” approach, and the deferred taxes outside of the partnership are accounted for using the “inside basis” approach. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred tax assets are reduced by a valuation allowance if, based on the weight of available evidence, it is more likely than not that the deferred tax assets will not be realized. The benefits of uncertain tax positions are recognized in the Consolidated Financial Statements only after determining a more likely than not probability that the uncertain tax positions will withstand challenge, if any, from taxing authorities. When facts and circumstances change, these probabilities are reassessed and any appropriate changes are recorded in the Consolidated Financial Statements. Uncertain tax positions are accounted for by determining the minimum recognition threshold that a tax position is required to meet before being recognized in the Consolidated Financial Statements. This determination requires the use of judgment in assessing the timing and amounts of deductible and taxable items. Tax positions that meet the more likely than not recognition threshold are recognized and measured as the largest amount of tax benefit that is greater than 50% likely of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. Interest and penalties accrued related to unrecognized tax benefits or income tax settlements are recognized as components of income tax expense. p) Concentration of Credit Risk Financial instruments that are potentially exposed to a concentration of credit risk are cash and cash equivalents and accounts receivable. Operating cash balances are maintained in noninterest‑bearing transaction accounts, which are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250. Further, a certain portion of the assets held in a rabbi trust (the “Trust”) consists of cash and cash equivalents. The Company places cash with high‑credit‑quality financial institutions, and at times, such cash may be in excess of the federally insured limit. However, there have been no losses experienced related to these balances, and the credit risk is believed to be minimal. Also, the Company believes that its risk related to cash equivalents from third‑party credit card issuers for purchases made by guests using the issuers’ credit cards is not significant due to the number of banks involved and the fact that payment is typically received within three to four days of a credit card transaction. Therefore, the Company does not believe it has significant risk related to its cash and cash equivalents accounts. Another portion of the assets held in the Trust consists of U.S. Treasury bonds as well as a small number of corporate bonds with ratings no lower than BBB+. The Company believes the credit risk associated with such bonds to be minimal given the historical stability of the U.S. government and the investment grade bond ratings relative to the corporate issuers. Concentrations of credit risk with respect to accounts receivable are related principally to receivables from governmental agencies related to refunds of franchise and income taxes. The Company does not believe it has significant risk related to accounts receivable due to the nature of the entities involved. q) Use of Estimates Management has made certain estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements and the reported amounts of revenues and expenses during the periods presented to prepare these Consolidated Financial Statements in conformity with GAAP. Significant items subject to such estimates and assumptions include those related to the accounting for gift card breakage, determination of uncertain tax positions and the valuation allowance relative to deferred tax assets, if any, estimates of useful lives of property and equipment and leasehold improvements, the carrying amount of intangible assets, fair market valuations, determination of lease terms, and accounting for impairment losses, contingencies, and litigation. Actual results could differ from these estimates. r) Sales Taxes Revenues are presented net of sales taxes. The obligation for sales taxes is included in accrued expenses and other current liabilities until the taxes are remitted to the appropriate taxing authorities. s) Pre‑opening Expense Pre‑opening costs are accounted for by expensing such costs as they are incurred. t) Comprehensive Income Total comprehensive income or loss is comprised solely of net income or net loss for all periods presented. Therefore, a separate statement of comprehensive income is not included in the accompanying Consolidated Financial Statements. u) Segment Reporting The Company through its subsidiaries owns and operates full‑service, upscale restaurants under four concepts exclusively in the United States that have similar economic characteristics, products and services, class of customer and distribution methods. The Company believes it meets the criteria for aggregating its operating segments into a single reportable segment. v) Non-controlling Interests Non-controlling interests on the Consolidated Balance Sheets represents the portion of the Company’s net assets of attributable to the non-controlling J. Alexander’s Holdings, LLC Class B Unit holders. As of December 31, 2017 and January 1, 2017, the non-controlling interest presented on the Consolidated Balance Sheets is $5,200 and $3,740, respectively, and consists solely of the non-cash compensation expense relative to the profits interest awards to management and Black Knight discussed in Note 14 – Share-based Compensation below. The Hypothetical Liquidation of Book Value method was used as of December 31, 2017 and January 1, 2017 to determine allocations of non-controlling interests consistent with the terms of the Second Amended and Restated LLC Agreement of J. Alexander’s Holdings, LLC, and pursuant to that calculation, no allocation of net income was made to non-controlling interests for fiscal years 2017 and 2016, respectively. w) Earnings per Share Basic earnings per share is computed by dividing net income by the weighted average number of shares outstanding for the reporting period. Diluted earnings per share gives effect during the reporting period to all dilutive potential shares outstanding resulting from share-based compensation awards. Diluted earnings per share of common stock is computed similarly to basic earnings per share except the weighted average shares outstanding are increased to include additional shares from the assumed exercise of any common stock equivalents, if dilutive. J. Alexander’s Holdings, LLC Class B Units are considered common stock equivalents for this purpose. The number of additional shares of common stock related to these common stock equivalents is calculated using the if-converted method, if dilutive. The number of additional shares of common stock related to stock option awards is calculated using the treasury method, if dilutive. Refer to Note 3 – Earnings per Share for the basic and diluted earnings per share calculations and additional discussion. As stated above, the periods prior to the Distribution presented in the accompanying Consolidated Financial Statements represents the historical operating results and financial position of J. Alexander’s Holdings, LLC. For comparison purposes, earnings per share amounts are calculated for such periods using a weighted-average number of common shares outstanding based on the number of shares outstanding on the Distribution date as if all shares had been outstanding since the first day of the earliest period presented. x) Recently Issued Accounting Standards In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2014-09, Revenue from Contracts with Customers Deferral of the Effective Date based upon company-specific historical redemption patterns, and gift card breakage will be recognized in revenue in proportion to redemptions In January 2016, the FASB issued 2016-01 , Financial Instruments – Overall: Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU No. 2016-01”). The pronouncement requires equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income, requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes, requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset, and eliminates the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost. These changes become effective for the Company’s 2018 fiscal year. The expected adoption method of 2016-01 is being evaluated by the Company, and the adoption is not expected to have a significant impact on its Consolidated Financial Statements and related disclosures. In February 2016, the FASB issued ASU No. 2016-02, Leases Leases, Leases In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230), Classification of Certain Cash Receipts and Cash Payments In January 2017, the FASB issued ASU No. 2017-04, Intangibles – Goodwill and Other : Simplifying the Test for Goodwill Impairment In May 2017, the FASB issued ASU No. 2017-09, Compensation - Stock Compensation (Topic 718): Scope of Modification Accounting (“ASU No. 2017-09”), which provides clarity and reduces complexity when an entity has changes to the terms or conditions of a share-based payment award, and when an entity should apply modification accounting. The amendments in ASU No. 2017-09 are effective for financial statements issued for annual periods beginning after December 15, 2017, including interim periods within those annual periods, and early adoption is permitted for interim or annual periods. The Company is evaluating the impact that the adoption of ASU No. 2017-09 will have on its Consolidated Financial Statements and related disclosures. y) Recently In July 2015, the FASB issued ASU No. 2015-11, Simplifying the Measurement of Inventory In March 2016, the FASB issued ASU No. 2016-09, Compensation - Stock Compensation

Earnings per Share

Earnings per Share	12 Months Ended
	Dec. 31, 2017
Earnings Per Share [Abstract]
Earnings per Share	Note 3 – Earnings per Share The following table sets forth the computation of basic and diluted earnings per share: Year Ended (Dollars and shares in thousands, except per share amounts) December 31, January 1, January 3, 2017 2017 2016 Numerator: Income from continuing operations, net of tax $ 7,773 $ 7,477 $ 5,784 Loss from discontinued operations, net (439 ) (434 ) (429 ) Net income $ 7,334 $ 7,043 $ 5,355 Denominator: Weighted average shares (denominator for basic earnings per share) 14,695 14,821 15,000 Effect of dilutive securities 73 19 37 Adjusted weighted average shares and assumed conversions (denominator for diluted earnings per share) 14,768 14,840 15,037 Basic earnings per share: Income from continuing operations, net of tax $ 0.53 $ 0.50 $ 0.39 Loss from discontinued operations, net (0.03 ) (0.03 ) (0.03 ) Basic earnings per share $ 0.50 $ 0.48 $ 0.36 Diluted earnings per share: Income from continuing operations, net of tax $ 0.53 $ 0.50 $ 0.38 Loss from discontinued operations, net (0.03 ) (0.03 ) (0.03 ) Diluted earnings per share $ 0.50 $ 0.47 $ 0.36 Note: Per share amounts may not sum due to rounding. Diluted earnings per share of common stock is computed similarly to basic earnings per share except the weighted average shares outstanding are increased to include additional shares from the assumed exercise of any common stock equivalents, if dilutive. The J. Alexander’s Holdings, LLC Class B Units are considered common stock equivalents for this purpose. The number of additional shares of common stock related to these common stock equivalents is calculated using the if-converted method. The 833,346 Class B Units associated with management’s profits interest awards are not considered to be dilutive as the applicable hurdle rate had not been met as of December 31, 2017, January 1, 2017 or January 3, 2016, and, therefore, are excluded for the purpose of the diluted earnings per share calculation. However, the Black Knight profits interest Class B Units are considered to be dilutive for certain quarterly periods within the years ended December 31, 2017, January 1, 2017 and January 3, 2016, and are included in the diluted earnings per share calculation for each of the years then ended accordingly. The impact of the exchange of the 1,500,024 Black Knight Class B Units on the diluted earnings per share calculation was additional shares of 72,579, 18,519 and 36,776 for the years ended December 31, 2017, January 1, 2017 and January 3, 2016, respectively. The number of additional shares of common stock related to stock option awards is calculated using the treasury method, if dilutive. The 985,750, 990,750 and 437,000 stock option awards outstanding as of December 31, 2017, January 1, 2017 and January 3, 2016, respectively, were considered anti-dilutive and, therefore, are excluded from the diluted earnings per share calculation for the years then ended. The periods prior to the Distribution presented in the accompanying Consolidated Financial Statements represent the historical operating results and financial position of J. Alexander’s Holdings, LLC. For comparison purposes, earnings per share amounts are calculated for such periods using a weighted-average number of common shares outstanding based on the number of shares outstanding on the Distribution date as if all shares had been outstanding since the first day of the earliest period presented. Also, on February 21, 2018, the Company issued 510,000 stock option awards to purchase common stock at an exercise price of $9.55. These awards are not reflected in the calculations of earnings per share presented for fiscal year 2017.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 4 – Fair Value Measurements The Company utilizes the following fair value hierarchy, which prioritizes the inputs into valuation techniques used to measure fair value. Accordingly, the Company uses valuation techniques which maximize the use of observable inputs and minimize the use of unobservable inputs when determining fair value. The three levels of the hierarchy are as follows: Level 1 Defined as observable inputs such as quoted prices in active markets for identical assets or liabilities. Level 2 Defined as observable inputs other than Level 1 prices. These include quoted prices for similar assets or liabilities in an active market, quoted prices for identical assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 Defined as unobservable inputs for which little or no market data exists, therefore, requiring an entity to develop its own assumptions about the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. The following tables present our financial assets and liabilities measured at fair value on a recurring basis as of the dates indicated: December 31, 2017 Level 1 Level 2 Level 3 Cash and cash equivalents* $ 212 $ - $ - U.S. government obligations* 397 - - Corporate bonds* 1,841 - - Cash surrender value - life insurance* - 2,106 - Total $ 2,450 $ 2,106 $ - January 1, 2017 Level 1 Level 2 Level 3 Cash and cash equivalents* $ 45 $ - $ - U.S. government obligations* 700 - - Corporate bonds* 1,683 - - Cash surrender value - life insurance* - 2,017 - Total $ 2,428 $ 2,017 $ - * - As held in the Trust as defined below. As discussed in Note 15 below, the Distribution triggered the obligation of J. Alexander’s, LLC, the operating subsidiary of the Company, to establish and fund the Trust under the Amended and Restated Salary Continuation Agreements. On October 19, 2015 the Trust was funded with a total of $4,304, which was comprised of $2,415 in cash and $1,889 in cash surrender values of whole life insurance policies. Subsequent to that date, a portion of the cash was invested in certain marketable securities at the direction of the Trust manager. Such investments include U.S. government agency obligations and corporate bonds. The remaining portion is held as cash and cash equivalents. Cash and cash equivalents are classified as Level 1 in the fair value hierarchy as they represent cash held in a trust managed by our bank. Cash held in the Trust is invested through an overnight repurchase agreement the investments of which may include U.S. Treasury securities, such as bonds or Treasury bills, and other agencies of the U.S. government. Such investments are valued using quoted market prices in active markets. U.S. government obligations held in the Trust include U.S. Treasury Bonds. These bonds as well as the corporate bonds listed above are classified as Level 1 in the fair value hierarchy given their readily available quoted prices in active markets. Cash surrender value - life insurance is classified as Level 2 in the fair value hierarchy. The value of each policy was determined by MassMutual Financial Group, an A-rated insurance company, which provides the value of these policies to the Company on a regular basis by which the Company adjusts the recorded value accordingly. There were no transfers between the levels listed above during either of the reporting periods. Unrealized gains or losses on investments held in the Trust are presented as a component of “Other, net” on the Consolidated Statements of Income and Comprehensive Income. As of December 31, 2017 and January 1, 2017, the fair value of cash and cash equivalents, accounts receivable, accounts payable, accrued expenses and other current liabilities approximated their carrying value due to their short-term nature. The carrying amounts of the long-term debt approximate fair value as interest rates, and negotiated terms and conditions are consistent with current market rates, because of the close proximity of recent refinancing transactions and the quotes obtained for potential financings to the dates of these Consolidated Financial Statements. There were no assets and liabilities measured at fair value on a nonrecurring basis during the years ended December 31, 2017 and January 1, 2017.

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	12 Months Ended
	Dec. 31, 2017
Prepaid Expense And Other Assets Current [Abstract]
Prepaid Expenses and Other Current Assets	Note 5 – Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consisted of the following: December 31, January 1, 2017 2017 Prepaid insurance $ 1,239 $ 1,180 Prepaid rent 986 902 Payroll taxes 1,252 1,183 Other 292 383 Prepaid expenses and other current assets $ 3,769 $ 3,648

Other Assets

Other Assets	12 Months Ended
	Dec. 31, 2017
Other Assets [Abstract]
Other Assets	Note 6 – Other Assets Other assets consisted of the following: December 31, January 1, 2017 2017 Favorable operating leases, net $ 351 $ 803 Cash, cash equivalents and securities held in the Trust 2,450 2,428 Cash surrender value of life insurance 2,106 2,017 Deferred tax assets 522 221 Other 754 543 Other assets $ 6,183 $ 6,012

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2017
Property Plant And Equipment [Abstract]
Property and Equipment	Note 7 – Property and Equipment Property and equipment, at cost, less accumulated depreciation and amortization, consisted of the following: December 31, January 1, 2017 2017 Land $ 20,204 $ 20,204 Buildings 31,057 29,879 Leasehold improvements 58,233 48,978 Restaurant and other equipment 32,036 26,893 Construction in progress 5,569 9,680 147,099 135,634 Less accumulated depreciation and amortization (43,484 ) (34,164 ) Property and equipment, net $ 103,615 $ 101,470 For fiscal years 2017, 2016 and 2015, depreciation expense from continuing operations was $10,287, $9,110 and $8,523, respectively. The loss on disposition of assets from continuing operations included in the “Other operating expenses” line item of the Statements of Income and Comprehensive Income, primarily related to the refreshing of assets through store remodels, was $147, $251 and $256 for fiscal years 2017, 2016 and 2015, respectively. No impairment charges were recorded during fiscal years 2017, 2016 or 2015.

Goodwill and Indefinite Lived I

Goodwill and Indefinite Lived Intangible Assets	12 Months Ended
	Dec. 31, 2017
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Indefinite-Lived Intangible Assets	Note 8 – Goodwill and Indefinite‑Lived Intangible Assets Goodwill and indefinite-lived intangible assets consisted of the following: December 31, January 1, 2017 2017 Goodwill $ 15,737 $ 15,737 Tradename 25,053 25,053 Liquor licenses 149 102 Intangible assets $ 40,939 $ 40,892

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	12 Months Ended
	Dec. 31, 2017
Payables And Accruals [Abstract]
Accrued Expenses and Other Current Liabilities	Note 9 – Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consisted of the following: December 31, January 1, 2017 2017 Taxes, other than income taxes $ 4,236 $ 4,093 Salaries, wages, vacation, and incentive compensation 2,995 2,954 Transaction costs 1,060 - Other 2,454 2,439 Accrued expenses and other current liabilities $ 10,745 $ 9,486

Debt

Debt	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Debt	Note 10 – Debt Debt consisted of the following: December 31, December 31, January 1, January 1, 2017 2017 2017 2017 Current Long-term Current Long-term Mortgage Loan, LIBOR + 2.5% (floor of 3.25%, ceiling of 6.25%), at 3.94% and 3.25% at December 31, 2017 and January 1, 2017, respectively, payable through 2020 $ 1,667 $ 6,250 $ 1,667 $ 7,916 Term Loan, LIBOR + 2.2% on a floating basis at 3.64% and 2.86% at December 31, 2017 and January 1, 2017, respectively, payable through 2020 3,333 4,722 2,222 7,778 Development Revolving Promissory Note, LIBOR + 2.2% on a floating basis at 3.64% and 2.86% at December 31, 2017 and January 1, 2017, respectively, payable through 2020 4,000 - 4,000 - Less: Net deferred loan costs - (191 ) - (276 ) Total debt $ 9,000 $ 10,781 $ 7,889 $ 15,418 In 2013, a previous line of credit agreement from Pinnacle Bank was refinanced, and a new $16,000 credit facility that provided two new loans from Pinnacle Bank was obtained. The borrower under this credit facility was J. Alexander’s, LLC, and the credit facility was guaranteed by J. Alexander’s Holdings, LLC and all of its significant subsidiaries. The credit facility consisted of a three-year $1,000 revolving line of credit (“Revolving Line of Credit”), which replaced the previous line of credit and may be used for general corporate purposes, and a seven-year $15,000 term loan which is secured by liens on certain properties of J. Alexander’s, LLC (“Mortgage Loan”). Effective December 9, 2014, J. Alexander’s LLC executed an Amended and Restated Loan Agreement which encompassed the two existing credit facilities discussed above dated September 3, 2013 and also included a five-year, $15,000 development line of credit (“Development Line of Credit”). Effective May 20, 2015, J. Alexander’s, LLC executed a Second Amended and Restated Loan Agreement (the “Loan Agreement”), which increased the Development Line of Credit to $20,000 over a five-year term and also included a five year, $10,000 term loan (the “Term Loan”), the proceeds of which were used to repay in full the $10,000 outstanding under a note to FNF, discussed in greater detail below, which was scheduled to mature January 31, 2016. Effective September 3, 2016, J. Alexander’s, LLC executed a modification agreement with respect to the $1,000 Revolving Line of Credit originally entered into on September 3, 2013. This modification agreement extended the term of this line of credit from September 3, 2016 to September 3, 2019, with no additional significant changes to the terms of the agreement. The indebtedness outstanding under these facilities is secured by liens on certain personal property of the Company and its subsidiaries, subsidiary guaranties, and a mortgage lien on certain real property. Any amount borrowed under the Revolving Line of Credit bears interest at an annual rate of 30 day LIBOR plus a margin equal to 2.50%, with a minimum interest rate of 3.25% per annum. The Mortgage Loan bears interest at an annual rate of 30 day LIBOR plus a margin equal to 2.50%, with a minimum and maximum interest rate of 3.25% and 6.25% per annum, respectively. Both the Development Line of Credit and the Term Loan bear interest at 30 day LIBOR plus 2.2% per annum. The Term Loan is structured on an interest only basis for the first 24 months of the term, followed by a 36-month amortization. The Loan Agreement, among other things, permits payments of tax dividends to members, limits capital expenditures, asset sales and liens and encumbrances, prohibits dividends, and contains certain other provisions customarily included in such agreements. In 2013, J. Alexander’s Holdings, LLC entered into a $20,000 note payable to FNF (the “FNF Note”). The note accrued interest at 12.5% annually, and the interest and principal were payable in full on January 31, 2016. Under the terms of the Mortgage Loan dated September 3, 2013, the FNF Note was subordinated to the Mortgage Loan. On December 15, 2014, a payment of $14,569, representing $10,000 of principal on the FNF Note and $4,569 of accrued interest, was made to FNF. As noted above, on May 20, 2015, J. Alexander’s, LLC entered into a new $10,000 Term Loan the purpose of which was to refinance the remaining $10,000 principal balance of the existing FNF Note. On May 20, 2015, the Company paid the remaining principal balance of $10,000 as well as accrued interest of $542 to FNF which resulted in the FNF Note being paid in full. The Loan Agreement also includes certain financial covenants. A fixed charge coverage ratio of at least 1.25 to 1 as of the end of any fiscal quarter based on the four quarters then ending must be maintained. The fixed charge coverage ratio is defined in the Loan Agreement as the ratio of (a) the sum of net income for the applicable period (excluding the effect on such period of any extraordinary or nonrecurring gains or losses, including any asset impairment charges, restaurant closing expenses (including lease buy‑out expenses), changes in valuation allowance for deferred tax assets, and noncash deferred income tax benefits and expenses and up to $1,000 (in the aggregate for the 5-year term of the Development Loan) in uninsured losses) plus depreciation and amortization plus interest expense plus rent payments plus noncash compensation expense plus any other noncash expenses or charges and plus expenses associated with the public offering/Spin-off process of the Company minus the greater of either actual total store maintenance capital expenditures (excluding major remodeling or image enhancements) or the total number of stores in operation for at least 18 months multiplied by $40, to (b) the sum of interest expense during such period plus rent payments made during such period plus payments of long‑term debt and capital lease obligations made during such period, all determined in accordance with GAAP. In addition, the maximum adjusted debt to EBITDAR ratio must not exceed 4.0 to 1 at the end of any fiscal quarter. Under the Loan Agreement, EBITDAR is measured based on the then‑ending four fiscal quarters and is defined as the sum of net income for the applicable period (excluding the effect on such period of any extraordinary or nonrecurring gains or losses, including any asset impairment charges, restaurant closing expenses (including lease buy‑out expenses), changes in valuation allowance for deferred tax assets and noncash deferred income tax benefits and expenses and up to $1,000 (in the aggregate for the term of the loans) in uninsured losses) plus an amount that in the determination of net income for the applicable period has been deducted for (i) interest expense; (ii) total federal, state, foreign, or other income taxes; (iii) all depreciation and amortization; (iv) rent payments; and (v) noncash compensation expenses, plus any other noncash expenses or charges and plus expenses associated with the public offering/Spin-off process, all as determined in accordance with GAAP. Adjusted debt is (i) funded debt obligations net of any short‑term investments, cash and cash equivalents plus (ii) rent payments multiplied by seven. If an event of default shall occur and be continuing under the Loan Agreement, the commitment under the Loan Agreement may be terminated and any principal amount outstanding, together with all accrued unpaid interest and other amounts owing in respect thereof, may be declared immediately due and payable. J. Alexander’s, LLC was in compliance with these financial covenants as of December 31, 2017 and for all reporting periods during the year then ended. At December 31, 2017, the amounts outstanding under the Development Line of Credit and Revolving Line of Credit were $4,000 and $0, respectively, and a total of $17,000 was available to us for borrowing under these lines of credit on this date. At December 31, 2017, $7,917 was outstanding under the Mortgage Loan and an additional $8,055 was outstanding under the Term Loan. The Second Amended and Restated Loan Agreement in place at December 31, 2017 is secured by the real estate, equipment and other personal property of 12 restaurant locations with an aggregate net book value of $32,789 at December 31, 2017. Deferred loan costs are $465 and $463, net of accumulated amortization expense of $274 and $187 at December 31, 2017 and January 1, 2017, respectively. Deferred loan costs are being amortized to interest expense using the effective-interest method over the life of the related debt. The carrying value of the debt balance under both the Mortgage Loan and Term Loan as of December 31, 2017 and January 1, 2017 are considered to approximate their fair value because of the proximity of the debt refinancing and the quotes obtained for potential financings discussed above to the 2017 and 2016 fiscal year-ends. The aggregate maturities of long‑term debt for the five fiscal years succeeding December 31, 2017 are as follows: 2018 – $9,000; 2019 – $5,000; 2020 – $5,972; 2021 – $0; 2022 and thereafter – $0.

Other Long Term Liabilities

Other Long Term Liabilities	12 Months Ended
	Dec. 31, 2017
Other Liabilities Disclosure [Abstract]
Other Long-Term Liabilities	Note 11 - Other Long‑Term Liabilities Other long‑term liabilities consisted of the following: December 31, January 1, 2017 2017 Deferred rent $ 6,094 $ 4,735 Unfavorable lease liabilities, net 347 563 Uncertain tax positions 15 257 Other long-term liabilities $ 6,456 $ 5,555

Leases

Leases	12 Months Ended
	Dec. 31, 2017
Leases [Abstract]
Leases	Note 12 - Leases At December 31, 2017, subsidiaries of the Company were lessees under both ground leases (the subsidiaries lease the land and build their own buildings) and improved leases (lessor owns the land and buildings) for restaurant locations. These leases are operating leases. Terms for these leases are generally for 15 to 20 years and, in many cases, the leases provide for rent escalations and for one or more five‑year renewal options. The Company and its subsidiaries are generally obligated for the cost of property taxes, insurance, and maintenance. Certain real property leases provide for contingent rentals based upon a percentage of sales. In addition, a subsidiary of the Company is a lessee under other noncancelable operating leases, principally for office space. Amortization of leased assets is included in depreciation and amortization of restaurant property and equipment expense and general and administrative expense in the Consolidated Statements of Income and Comprehensive Income. The following table summarizes future minimum lease payments under operating leases (excluding renewal options), including those restaurants reported as discontinued operations, having an initial term of one year or more: December 31, 2017 2018 $ 7,774 2019 6,937 2020 5,902 2021 4,721 2022 3,710 2023 and thereafter 14,793 Total minimum lease payments (1) $ 43,837 (1) For fiscal years 2017, 2016 and 2015, straight‑line base rent expense included in continuing operations was $7,814, $7,490 and $6,934, respectively. In addition to the aforementioned amounts, there was straight‑line base rent expense included in discontinued operations of $266 for each of fiscal years 2017, 2016 and 2015, respectively. There was no significant contingent rent expense for the any of the periods presented. During fiscal years 2017 and 2016, the Company received a tenant improvement allowance of $799 and $590, respectively, which were each recorded as a deferred rent obligation, and are being credited to straight-line rent expense over the term of the associated leases.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Note 13 – Income Taxes Significant components of the Company’s income tax expense (benefit) for the periods indicated below are as follows : Year Ended December 31, January 1, January 3, 2017 2017 2016 Current income taxes: Federal $ 264 $ 2,189 $ 946 State and local 743 774 359 Total current income taxes 1,007 2,963 1,305 Deferred income taxes: Federal (1,881 ) (922 ) 217 State and local (473 ) 21 33 Total deferred income taxes (2,354 ) (901 ) 250 Income tax expense (benefit) $ (1,347 ) $ 2,062 $ 1,555 The Company’s effective tax rate differs from the federal statutory rate as set forth in the following table for the periods indicated: Year Ended December 31, January 1, January 3, 2017 2017 2016 Federal income tax 35.0 % 35.0 % 34.0 % Federal tax reform (22.4 )% - - Effect of rates due to pass-through entities - - (14.7 )% State income tax 6.4 % 6.5 % 6.9 % Transaction costs - - 2.0 % FICA tip credit (32.8 )% (20.1 )% (6.9 )% Uncertain tax positions (3.9 )% (0.1 )% (1.3 )% Return to provision (4.5 )% - - Rate differential between current and deferred taxes (1.7 )% - 2.5 % Incentive stock options 2.0 % 0.9 % Other (0.6 )% 0.4 % - Effective tax rate (22.5 )% 22.6 % 22.5 % On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (the "Tax Act"). The Tax Act includes a number of changes to the U.S. tax code that affected fiscal year 2017, most notably a reduction of the U.S. corporate income tax rate from 35% to 21% for tax years beginning after December 31, 2017 and the acceleration of depreciation for certain assets placed into service after September 27, 2017. In connection with its initial analysis of the impact of the Tax Act, the Company has recorded a net tax benefit of $(1,345) in fiscal year 2017 related to the revaluation of the Company's deferred tax assets and liabilities. Since the Company measures deferred tax assets and liabilities using enacted tax rates that will apply in the years in which the temporary differences are expected to be recovered or paid, the Company’s deferred tax assets and liabilities were re-measured to reflect the reduction in the U.S. corporate income tax rate from 35% to 21%, resulting in a $(1,345) decrease in income tax expense for the year ended December 31, 2017, and a corresponding decrease in net deferred tax liabilities as of December 31, 2017. There are also provisions in the Tax Act that are effective for tax years beginning after December 31, 2017, that have no impact on the deferred tax balance for fiscal year 2017. Therefore, the tax impact of these provisions will be reflected in the fiscal year 2018 Consolidated Financial Statements. The accounting for the income tax effects of these provisions is not yet complete. The SEC staff issued Staff Accounting Bulletin No. 118 ("SAB 118") to address situations where a registrant does not have the necessary information available, prepared, or analyzed (including computations) in reasonable detail to complete the accounting under ASC Topic 740 for certain income tax effects of the Tax Act for the reporting period of enactment. SAB 118 allows the Company to provide a provisional estimate of the impacts of the Tax Act during a measurement period similar to the measurement period used when accounting for business combinations. Adjustments to provisional estimates and additional impacts from the Tax Act must be recorded as they are identified during the measurement period as provided for in SAB 118. The Company has not completed its accounting for the income tax effects of the Tax Act, including, but not limited to, the impacts of depreciation, compensation and fringe benefits. Where the Company has been able to make reasonable estimates of the effects for which its analysis is not yet complete, the Company has recorded provisional amounts in accordance with SAB 118. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax assets and liabilities as of December 31, 2017, and January 1, 2017, are as follows: December 31, January 1, 2017 2017 Deferred tax assets: Net operating loss carryforwards $ 173 $ 182 Accrued bonuses 17 108 Stock options 159 97 State bonus depreciation 400 74 Other - 8 Total deferred tax assets 749 469 Less: deferred tax assets valuation allowance (105 ) (68 ) Total net deferred tax assets 644 401 Deferred tax liabilities: Partnership differences (2,119 ) (4,211 ) Other (78 ) - Total deferred tax liabilities (2,197 ) (4,211 ) Net deferred tax (liability) asset $ (1,553 ) $ (3,810 ) ASC Topic 740, Income Taxes, establishes procedures to measure deferred tax assets and liabilities and assess whether a valuation allowance relative to existing deferred tax assets is necessary. Management assesses the likelihood of realization of the Company’s deferred tax assets and the need for a valuation allowance with respect to those assets based on the weight of available positive and negative evidence. As of December 31, 2017, management determined that a valuation allowance of $105 was necessary relative to certain state net operating loss carryforwards which are not expected to be realized. Management also determined at December 31, 2017 that it is more likely than not that the results of future operations and reversal of deferred tax liabilities will generate sufficient taxable income to realize the remaining deferred tax assets not covered by this valuation allowance. As of December 31, 2017, the Company has state gross operating loss carryforwards gross of the valuation allowance discussed above of approximately $3,570 expiring in years 2027 through 2037, and federal gross operating loss carryforwards of $195 expiring in year 2037. Additionally, the Company recorded a liability (including interest) in connection with uncertain tax positions related to state tax issues totaling $66 and $299 as of December 31, 2017 and January 1, 2017, respectively. The Company elected to accrue interest and penalties related to unrecognized tax benefits in its provision for income taxes. The Company accrued interest related to unrecognized tax benefits of approximately $3 and $109 as of December 31, 2017 and January 1, 2017, respectively. A reconciliation of the beginning and ending unrecognized tax benefit associated with these positions (excluding federal benefit and the aforementioned accrued interest) is as follows: December 31, January 1, 2017 2017 Balance at the beginning of the year $ 294 $ 228 Changes based on tax positions taken during the current year - - Changes based on tax positions taken during prior years - 66 Reductions related to settlements with taxing authorities and lapses of statutes of limitations (214 ) - Balance at the end of the year $ 80 $ 294 As of December 31, 2017, the total amount of gross unrecognized tax benefit that, if recognized, would impact the effective tax rate was $15. Within the next twelve months, the Company estimates that the gross unrecognized benefits will decrease by $15 due to state statute expiration. The Company and its subsidiaries file a partnership federal income tax return, consolidated corporate federal income tax return, and a separate corporate federal income tax return as well as various state and local income tax returns. The earliest year open to examination in the Company’s major jurisdictions is 2014 for federal and state income tax returns. Since the proposed acquisition of 99 Restaurants was abandoned in fiscal year 2018, as discussed in Notes 2 and 20, the transaction costs that were treated as a deferred tax asset in fiscal 2017 will be deductible in fiscal year 2018, and, therefore, should have no impact on the 2018 effective tax rate.

Share-based Compensation

Share-based Compensation	12 Months Ended
	Dec. 31, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Share-based Compensation	Note 14 – Share-based Compensation For the years ended December 31, 2017, January 1, 2017 and January 3, 2016, the Company recorded total share-based compensation expense of $2,207, $2,996 and $1,256, respectively, the components of which are discussed in further detail below. Stock Option Awards Under the J. Alexander’s Holdings, Inc. 2015 Equity Incentive Plan, directors, officers and key employees of the Company may be granted equity incentive awards, such as stock options, restricted stock and stock appreciation rights in an effort to retain qualified management and personnel. This plan authorizes a maximum of 1,500,000 shares of the Company’s common stock to be issued to holders of these equity awards. No awards were made by the Company under this plan during fiscal year 2017. During fiscal years 2016 and 2015, the Compensation Committee and the Board of the Company awarded stock option grants totaling 553,750 and 467,000 options, respectively, to certain members of management and the members of the Board, and the contractual term for each grant is seven years. The requisite service period for each grant is four years with each vesting in four equal installments on the first four anniversaries of their respective grant dates . The Company uses the Black-Scholes-Merton option pricing model to estimate the fair value of stock option awards and used the following assumptions for the indicated periods during which grants were made as noted above: Year Ended January 1, 2017 January 3, 2016 Dividend yield 0.00 % 0.00 % Volatility factor 34.51 % 35.00 % Risk-free interest rate 1.34 % 1.36 % Expected life of options (in years) 4.75 4.75 Weighted-average grant date fair value $ 2.82 $ 3.33 The expected life of stock options granted during the periods presented was calculated in accordance with the simplified method described in SEC Staff Accounting Bulletin (“SAB”) Topic 14.D.2 in accordance with SAB 110. This approach was utilized due to the lack of exercise history and the anticipated behavior of the overall group of grantees. The risk-free rate for periods within the contractual life of the options is based on the 5-year U.S. Treasury bond rate in effect at the time of grant. The Company utilized a weighted rate for expected volatility based on a representative peer group within the industry. The dividend yield was set at zero as the underlying security does not pay a dividend. Additionally, management has made an accounting policy election in accordance with ASU No. 2016-09 to account for forfeitures when they occur. A grant of 5,000 shares was forfeited during fiscal year 2017. No such forfeitures occurred during 2016, and no cumulative-effect adjustment to equity was required upon adoption of this policy in 2016 as the previously assumed forfeiture rate in 2015 was 0% for then outstanding awards. A summary of stock options under the Company’s equity incentive plan is as follows: Number of Shares Weighted Average Exercise Price Outstanding at December 28, 2014 - $ - Issued 467,000 10.39 Exercised - - Forfeited (30,000 ) 10.39 Outstanding at January 3, 2016 437,000 10.39 Issued 553,750 8.93 Exercised - - Forfeited - - Outstanding at January 1, 2017 990,750 9.58 Issued - - Exercised - - Forfeited (5,000 ) 8.90 Outstanding at December 31, 2017 985,750 $ 9.58 At December 31, 2017, stock options exercisable and shares available for future grant were 355,687 and 514,250, respectively. At January 1, 2017, stock options exercisable and shares available for future grant were 109,250 and 509,250, respectively. At January 3, 2016, stock options exercisable and shares available for future grant were zero and 1,063,000, respectively. As these awards contain only service conditions for vesting purposes and have a graded vesting schedule, the Company has elected to recognize the expense over the requisite service period for the entire award. Stock option expense totaling $747, $439 and $72 was recognized for fiscal years 2017, 2016 and 2015, respectively, which is included in the “General and administrative expenses” line item on the Consolidated Statements of Income and Comprehensive Income. At December 31, 2017, the Company had $1,743 of unrecognized compensation cost related to these share-based payments which is expected to be recognized over a period of approximately 2.85 years. The aggregate intrinsic value of stock options represents the total pre-tax intrinsic value (the difference between the Company’s closing stock price and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders had all option holders exercised their options. This amount changes based on the fair market value of the Company’s common stock and totaled $428, $1,163 and $232 at December 31, 2017 January 1, 2017 and January 3, 2016, respectively, for options outstanding. The intrinsic value of options exercisable at December 31, 2017 and January 1, 2017 totaled $107 and $39, respectively. No options were exercised in fiscal years 2017 or 2016. The following table summarizes the Company’s non-vested stock option activity for the year ended December 31, 2017: Weighted Average Number of Grant Date Shares Fair Value Non-vested stock options at January 1, 2017 881,500 $ 3.01 Granted - - Vested (246,437 ) 3.05 Forfeited (5,000 ) 2.81 Non-vested stock options at December 31, 2017 630,063 $ 3.00 The total fair value of stock options vested during fiscal years 2017, 2016 and 2015 was $751, $364 and $0, respectively. The following table summarizes information about the Company’s stock options outstanding at December 31, 2017: Options Outstanding Options Exercisable Range of Exercise Prices Number Outstanding at December 31, 2017 Weighted Average Remaining Contractual Life Weighted Average Exercise Price Number Exercisable at December 31, 2017 Weighted Average Remaining Contractual Life Weighted Average Exercise Price $8.90 535,000 5.85 years $ 8.90 133,750 5.85 years $ 8.90 $10.24 13,750 5.32 years 10.24 3,437 5.32 years 10.24 $10.39 437,000 4.78 years 10.39 218,500 4.78 years 10.39 $8.90 - $10.39 985,750 5.37 years $ 9.58 355,687 5.19 years $ 9.83 Management Profits Interest Plan On January 1, 2015, J. Alexander’s Holdings, LLC adopted its 2015 Management Incentive Plan and granted equity incentive awards to certain members of its management in the form of Class B Units. The Class B Units are profits interests in J. Alexander’s Holdings, LLC. Class B Units in the amount of 1,770,000 were reserved for issuance under the plan and a total of 885,000 Class B Units were granted on January 1, 2015. Each Class B Unit represents a non-voting equity interest in J. Alexander’s Holdings, LLC that entitles the holder to a percentage of the profits and appreciation in the equity value of J. Alexander’s Holdings, LLC arising after the date of grant and after such time as an applicable hurdle amount is met. The hurdle amount for the Class B Units issued to our management in January 2015 was set at $180,000, which at such time was a reasonable premium to the estimated liquidation value of the equity of J. Alexander’s Holdings, LLC. The Class B Units issued to management vested with respect to 50% of the grant units on the second anniversary of the date of grant and with respect to the remaining 50% on the third anniversary of the date of grant and require a six-month holding period post vesting. Vested Class B Units may be exchanged for, at the Company’s option, either (i) cash in an amount equal to the amount that would be distributed to the holder of those Class B Units by J. Alexander’s Holdings, LLC upon a liquidation of J. Alexander’s Holdings, LLC assuming the aggregate amount to be distributed to all members of J. Alexander’s Holdings, LLC were equal to the Company’s market capitalization on the date of exchange, (net of any assets and liabilities of the Company that are not assets or liabilities of J. Alexander’s Holdings, LLC) or (ii) shares of the Company’s common stock with a fair market value equal to the cash payment under (i) above. The Class B Units issued to the Company’s management have been classified as equity awards and share-based compensation expense is based on the grant date fair value of the awards. At December 31, 2017, the applicable hurdle rate for these Class B Units was not met. The Company used the Black-Scholes-Merton pricing model to estimate the fair value of management profits interest awards and used the following assumptions: Grant Date Fair Value Member equity price per unit $ 10.00 Class B hurdle price $ 11.30 Dividend yield 0 % Volatility factor 35 % Risk-free interest rate 1.24 % Time to liquidity (in years) 3.5 Lack of marketability discount 23 % Grant date fair value $ 1.76 The member equity price per unit was based on a recent enterprise valuation of J. Alexander’s Holdings, LLC divided by the number of Class A Units outstanding at the date of grant. The Class B hurdle price is based on the hurdle rate divided by the number of Class A Units outstanding at the time of grant. The expected life of management profits interest awards granted during the period presented was determined based on the vesting term of the award which also includes a six-month holding period subsequent to meeting the requisite vesting period. The risk-free rate for periods within the contractual life of the profit interest award is based on an extrapolated 4-year U.S. Treasury bond rate in effect at the time of grant given the expected time to liquidity. The Company utilized a weighted rate for expected volatility based on a representative peer group of comparable public companies. The dividend yield was set at zero as the underlying security does not pay a dividend. The protective put method was used to estimate the discount for lack of marketability inherent to the awards due to the lack of liquidity associated with the post-vesting requirement and other restrictions on the Class B Units. As a result of the reorganization transactions on September 28, 2015 and as evidenced in the executed Second Amended and Restated LLC Agreement of J. Alexander’s Holdings, LLC, entered into in connection with the reorganization transactions, the members’ equity of J. Alexander’s Holdings, LLC was recapitalized such that the total outstanding Class B Units granted to management as discussed above was reduced on a pro rata basis from 885,000 to 833,346 which is also the number of Class B Units outstanding as of December 31, 2017, and resulted in an adjusted grant date fair value relative to these units of $1.87. The following table summarizes the Management Incentive Plan activity: Weighted Average Number of Grant Date Units Fair Value Non-vested management profits interest awards at January 1, 2017 416,673 $ 1.87 Granted - - Vested - - Forfeited - - Non-vested management profits interest awards at December 31, 2017 416,673 $ 1.87 As these awards contain only service conditions for vesting purposes and have a graded vesting schedule, the Company has elected to recognize the expense over the requisite service period for the entire award. Management profits interest expense totaling $518, $517 and $523 was recognized for fiscal year 2017, 2016 and 2015, respectively, which is included in the “General and administrative expense” line item on the Consolidated Statements of Income and Comprehensive Income. At December 31, 2017, the Company had $0 of unrecognized compensation cost related to these awards as the remaining unvested units vest on January 1, 2018. The total grant date fair value of units vested during fiscal years 2017, 2016 and 2015 was $0, $779 and $0, respectively. There was no redemption value of the outstanding management profits interest awards as of December 31, 2017 as the fair value was less than the hurdle rate. Black Knight Advisory Services Profits Interest Plan On September 28, 2015, immediately prior to the Distribution, J. Alexander’s Holdings, LLC entered into a Management Consulting Agreement with Black Knight, pursuant to which Black Knight provides corporate and strategic advisory services to J. Alexander’s Holdings, LLC. Pursuant to the terms of the Management Consulting Agreement between Black Knight and J. Alexander’s Holdings, LLC, a significant portion of the compensation to Black Knight for services rendered under the agreement was to be in the form of a profits interest grant, the terms of which are outlined in the Management Company Grant Agreement. On October 6, 2015, J. Alexander’s Holdings, LLC granted 1,500,024 Class B Units representing profits interests to Black Knight. The hurdle rate stated in the agreement of $151,052 was determined based on the number of shares of the Company’s common stock issued multiplied by $10.07, which was the volume weighted average closing price of the common stock over the five days following the reorganization transaction discussed in Note 1 above. The awards vest at a rate of one-third of the Class B Units on each of the first, second and third anniversaries of the grant date and require a six-month holding period post vesting. The Class B Units contain exchange rights which will allow for them to be converted once vested into shares of the Company’s common stock based upon the value of the Class B Units at that date. The value is determined in reference to the market capitalization of the Company, with certain adjustments made for assets or liabilities contained at the Company’s level which are not also assets and liabilities of J. Alexander’s Holdings, LLC. These awards may not be settled with a cash payment. The Class B Units issued to Black Knight have been classified as equity awards. Because the hurdle amount for these awards had been met at January 1, 2017 and January 3, 2016, the awards had intrinsic value of $1,020 and $1,275, respectively. The hurdle rate had not been met as of December 31, 2017, and, therefore, the intrinsic value as of this date was $0. The Company used the Black-Scholes-Merton pricing model to estimate the fair value of Black Knight profits interest awards which included the following assumptions for the indicated period: Year Ended December 31, 2017 Member equity price per unit $ 9.70 Class B hurdle price $ 10.07 Dividend yield 0 % Volatility factor 38 % Risk-free interest rate 2.20 % Time to liquidity (in years) 4.5 Estimated fair value $ 3.25 The member equity price per unit represents the share price of the Company on the reporting date. The Class B hurdle price represents the market value of J. Alexander’s Holdings, LLC on the grant date. The expected term of the Black Knight profits interest awards granted during the period presented was determined based on the mid-point between the full remaining economic term of the Management Consulting Agreement and the full vesting term of three years plus the six-month holding period. The risk-free rate is based on the U.S. Treasury bond rates in effect at the reporting date given the expected time to liquidity. A rate for expected volatility was based on a historical volatility analysis using daily stock price information for select comparable public companies based on the relative expected holding period of the Units. The dividend yield was set at zero as the underlying security does not pay a dividend. The following table summarizes the Black Knight profits interest plan activity: Number of Weighted Average Units Fair Value Non-vested Black Knight profits interest awards at January 1, 2017 1,000,016 $ 4.34 Granted - - Vested (500,008 ) 3.25 Forfeited - - Non-vested Black Knight profits interest awards at December 31, 2017 500,008 $ 3.25 These awards constitute nonemployee awards. Therefore, the Company will remeasure the fair value of the awards at each reporting date until performance is complete using the valuation model applied in previous periods. The portion of services rendered to each reporting date will be applied to the current measure of fair value to determine the expense for the relevant period. Because these awards have a graded vesting schedule, the Company has elected to recognize the compensation cost on a straight-line basis over the three-year requisite service period for the entire award. Black Knight profits interest expense totaling $942, $2,039 and $661 was recognized for fiscal years 2017, 2016 and 2015, respectively, which is included in the “General and administrative expense” line item on the Consolidated Statements of Income and Comprehensive Income. Based on the valuation of the awards at December 31, 2017, the Company had $1,233 of unrecognized compensation cost related to these awards which is expected to be recognized over a period of approximately 0.75 years. The total weighted average fair value of units vested during fiscal years 2017, 2016 and 2015 was $1,625, $2,170 and $0, respectively.

Other Employee Benefits

Other Employee Benefits	12 Months Ended
	Dec. 31, 2017
Other Employee Benefits Disclosure [Abstract]
Other Employee Benefits	Note 15 – A subsidiary of the Company maintains a Savings Incentive and Salary Deferral Plan under Section 401(k) of the Internal Revenue Code (the “Plan”) for the benefit of its employees and their beneficiaries. Under the Plan, qualifying employees can defer a portion of their income on a pretax basis through contributions to the Plan, subject to an annual statutory limit. All employees with at least 1,000 hours of service during the 12‑month period subsequent to their hire date, or any calendar year thereafter, and who are at least 21 years of age are eligible to participate. For each dollar of participant contributions, up to 3% of each participant’s salary, the Company makes a minimum 25% matching contribution to the Plan. Matching contributions vest according to a vesting schedule defined in the plan document. Matching contributions totaled $130, $115 and $105 for fiscal years 2017, 2016 and 2015, respectively. A subsidiary of the Company also has a nonqualified deferred compensation plan under which executive officers and certain senior managers may defer receipt of their compensation, including up to 25% of applicable salaries and bonuses, and be credited with matching contributions under the same matching formula and limitations as the Savings Incentive and Salary Deferral Plan. Amounts that are deferred under this plan, and any matching contributions, are increased by earnings and decreased by losses based on the performance of one or more investment measurement funds elected by the participants from a group of funds, which the plan administrator has determined to make available for this purpose. Participant account balances totaled $668 and $507 at December 31, 2017 and January 1, 2017, respectively. A subsidiary of the Company has Salary Continuation Agreements, which provide retirement and death benefits to certain executive officers and certain other members of management. The recorded liability associated with these agreements totaled $5,782 and $5,503 at December 31, 2017 and January 1, 2017, respectively. The expense recognized under these agreements was $336, $175 and $72 for fiscal years 2017, 2016 and 2015, respectively. Due to the Distribution discussed in Note 1 above, FNF no longer retains a beneficial ownership of at least 40% of J. Alexander’s Holdings, LLC, and as such, the Distribution triggered the obligation of J. Alexander’s, LLC, the operating subsidiary of the Company, to establish and fund the Trust (as defined in Note 2 above) under the Amended and Restated Salary Continuation Agreements with each of the named executive officers and one former executive officer. On October 19, 2015, the Trust was funded with a total of $4,304, which was comprised of $2,415 in cash and $1,889 in aggregate cash surrender value of whole life insurance policies. These assets are classified as noncurrent within the Company’s Consolidated Financial Statements. J. Alexander’s, LLC made an additional contribution of $63 to the Trust in fiscal year 2017, and will continue to make additional contributions to the Trust in the future in order to maintain the level of funding required by the agreements. The Trust is subject to creditor claims in the event of insolvency, but the assets held in the Trust are not available for general corporate purposes. The Trust investments consisted of cash and cash equivalents, U.S government agency obligations and corporate bonds. The aforementioned securities are designated as trading securities and carried at fair value. Refer to Note 4 – Fair Value Measurements for additional discussion regarding fair value considerations. As of December 31, 2017, the Trust balance was $4,556 consisting of $2,106 in aggregate cash surrender value of whole life insurance policies and $2,450 in Trust investments. The Company records changes in the fair value of assets held in the Trust in the “Other, net” line item on the Consolidated Statements of Income and Comprehensive Income.

Members' and Stockholders' Equi

Members' and Stockholders' Equity	12 Months Ended
	Dec. 31, 2017
Equity [Abstract]
Members' and Stockholders' Equity	Note 16 – Members’ and Stockholders’ Equity Prior to the Distribution discussed in Note 1 above, the Members constituted a single class or group of members of J. Alexander’s Holdings, LLC, which was formed with a perpetual life. Except as may be provided by the Delaware Limited Liability Company Act, as amended (the “Act”), no Member of J. Alexander’s Holdings, LLC was obligated personally for any debt, obligation, or liability of J. Alexander’s Holdings, LLC or of any other Member solely by reason of being a Member of J. Alexander’s Holdings, LLC. No Member had any responsibility to restore any negative balance in its capital account or contribute to the liabilities or obligations of J. Alexander’s Holdings, LLC or return distributions made by J. Alexander’s Holdings, LLC, except as may be required by the Act or other applicable law. No Member had any right to resign or withdraw from J. Alexander’s Holdings, LLC without the consent of the other Members or to receive any distribution or the repayment of the Member’s contribution except as provided in the Amended and Restated Limited Liability Company Agreement. As a result of the Distribution and reorganization changes discussed in Note 1 above, the Company is an independent public company, and its common stock is listed under the symbol “JAX” on The NYSE, effective September 29, 2015. The Company also now owns, directly or indirectly, all of the outstanding Class A Units and is the sole managing member of J. Alexander’s Holdings, LLC. The Company is authorized to issue 40,000,000 shares of capital stock, consisting of 30,000,000 shares of common stock, par value $0.001 per share, and 10,000,000 shares of preferred stock, par value $0.001 per share. As of December 31, 2017 and January 1, 2017, a total of 14,695,176 shares of the Company’s common stock were outstanding, respectively. No shares of preferred stock were outstanding during either of the periods presented. The pertinent rights and privileges of the Company’s outstanding common stock are as follows: Voting rights. The holders of common stock are entitled to one vote per share on all matters to be voted upon by the shareholders. Dividend rights. Subject to preferences that may be applicable to any outstanding preferred stock, the holders of shares of common stock are entitled to receive ratably such dividends, if any, as may be declared from time to time by the board of directors out of funds legally available therefor. However, the Company does not intend to pay dividends for the foreseeable future. Rights upon liquidation. In the event of any voluntary or involuntary liquidation, dissolution or winding up of affairs, the holders of common stock are entitled to share ratably in all assets remaining after payment of debts and other liabilities, subject to prior distribution rights of preferred stock then outstanding, if any. Other rights. The holders of common stock have no preemptive or conversion rights or other subscription rights. There are no redemption or sinking fund provisions applicable to the common stock. The rights, preferences and privileges of holders of common stock will be subject to those of the holders of any shares of preferred stock the Company may issue in the future.

Commitment and Contingencies

Commitment and Contingencies	12 Months Ended
	Dec. 31, 2017
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 17 - Commitments and Contingencies (a) Contingent Leases As a result of the disposition of the Company’s predecessor’s Wendy’s operations in 1996, subsidiaries of the Company may remain secondarily liable for certain real property leases with remaining terms of one to five years. The total estimated amount of lease payments remaining on these six leases at December 31, 2017 was approximately $620. In connection with the sale of the Company’s predecessor’s Mrs. Winner’s Chicken & Biscuit restaurant operations in 1989 and certain previous dispositions, subsidiaries of the Company also may remain secondarily liable for a certain real property lease. The total estimated amount of lease payments remaining on this lease at December 31, 2017 was approximately $65. Additionally, in connection with the previous disposition of certain other Wendy’s restaurant operations, primarily the southern California restaurants in 1982, subsidiaries of the Company may remain secondarily liable for certain real property leases with remaining terms of one to five years. The total estimated amount of lease payments remaining on these three leases as of December 31, 2017 was approximately $200. There have been no payments by subsidiaries of the Company of such contingent liabilities in the history of the Company or its predecessor. Management does not believe any significant loss is likely. (b) Tax Contingencies The Company is subject to real property, personal property, business, franchise and income, and sales and use taxes in various jurisdictions within the United States and is regularly under audit by tax authorities. This is believed to be common for the restaurant industry. Management believes the ultimate disposition of these matters will not have a material adverse effect on the consolidated financial position or results of operations for the Company. (c) Litigation Contingencies The Company and its subsidiaries are defendants from time to time in various claims or legal proceedings arising in the ordinary course of business, including claims relating to workers’ compensation matters, labor-related claims, discrimination and similar matters, claims resulting from guest accidents while visiting a restaurant, claims relating to lease and contractual obligations, federal and state tax matters, and claims from guests or employees alleging illness, injury or other food quality, health or operational concerns, and injury or wrongful death under “dram shop” laws that allow a person to sue the Company based on any injury caused by an intoxicated person who was wrongfully served alcoholic beverages at one of its restaurants. On December 8, 2017, Margie Elstein, a purported shareholder of the Company, filed a putative class action lawsuit in the Tennessee Chancery Court for Davidson County, 20th Judicial District (the “Elstein Action”) against the Company, members of the Board, Fidelity Newport Holdings, LLC (“FNH”), then FNFV and FNF. The Elstein Action alleges that the members of the Board breached their fiduciary duties to shareholders because the directors of the Company and Stephens, Inc. have conflicts of interest related to the Company’s acquisition of 99 Restaurants. The Elstein Action also alleges that the Board and the Company made materially inadequate disclosures and material omissions in its preliminary proxy statement for the acquisition of 99 Restaurants. The Elstein Action further alleges that the FNH, then FNFV and FNF defendants aided and abetted the Board’s purported breach of its fiduciary duties. As discussed in Note 20 – Subsequent Events, in fiscal year 2018, the merger agreement was terminated. However, this case was pending as of December 31, 2017. Management does not believe that any of the legal proceedings pending against it as of the date of this report will have a material adverse effect on its liquidity or financial condition. The Company may incur liabilities, receive benefits, settle disputes, sustain judgments, or accrue expenses relating to legal proceedings in a particular fiscal year, which may adversely affect its results of operations, or on occasion, receive settlements that favorably affect its results of operations.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2017
Related Party Transactions [Abstract]
Related Party Transactions	Note 18 – Related-Party Transactions In 2013, J. Alexander’s Holdings, LLC assumed the FNF Note. The $20,000 FNF Note accrued interest at 12.5% annually, and the interest and principal were payable in full on January 31, 2016. Under the terms of J. Alexander’s, LLC’s Mortgage Loan dated September 3, 2013, the FNF Note was subordinated to the Mortgage Loan. On December 15, 2014, a payment of $14,569, representing $10,000 of principal on the FNF Note and $4,569 of accrued interest, was made to FNF. Further, as discussed in Note 11, on May 20, 2015, J. Alexander’s, LLC entered into a financing arrangement with its lender on its existing Mortgage Loan and lines of credit. Under the terms of the new credit facility, a new $10,000 Term Loan was put into place, the purpose of which was to refinance the remaining $10,000 principal balance of the existing FNF Note. On May 20, 2015, J. Alexander’s Holdings, LLC paid the remaining principal balance of $10,000 as well as accrued interest of $542 to FNF which resulted in the FNF Note being paid in full. During fiscal years 2017, 2016 and 2015, interest expense of $0, $0 and $493, respectively, was recorded relative to the FNF Note. As discussed in Note 1 above, on September 28, 2015, immediately prior to the Distribution, J. Alexander’s Holdings, LLC entered into a Management Consulting Agreement with Black Knight, pursuant to which Black Knight will provide corporate and strategic advisory services to J. Alexander’s Holdings, LLC. The principal member of Black Knight is William P. Foley, II, Chairman of the board and Chief Executive Officer of Cannae and non-Executive Chairman of the board of FNF. The other members of Black Knight consist of Lonnie J. Stout II, our President, Chief Executive Officer and one of our directors, and other officers of Cannae and FNF. As discussed above, under the Management Consulting Agreement, J. Alexander’s Holdings, LLC has issued Black Knight non-voting Class B Units and is required to pay Black Knight an annual fee equal to 3% of the Company’s Adjusted EBITDA for each fiscal year during the term of the Management Consulting Agreement. J. Alexander’s Holdings, LLC also reimburses Black Knight for its direct out-of-pocket costs incurred for management services provided to J. Alexander’s Holdings, LLC. Under the Management Consulting Agreement, “Adjusted EBITDA” means the Company’s net income (loss) before interest expense, income tax (expense) benefit, depreciation and amortization, and adding asset impairment charges and restaurant closing costs, loss on disposals of fixed assets, transaction and integration costs, non-cash compensation, loss from discontinued operations, gain on debt extinguishment, pre-opening costs and certain unusual items. The Management Consulting Agreement will continue in effect for an initial term of seven years and be renewed for successive one-year periods thereafter unless earlier terminated (i) by J. Alexander’s Holdings, LLC upon at least six months’ prior notice to Black Knight or (ii) by Black Knight upon 30 days’ prior notice to us. In the event that the Management Consulting Agreement is terminated by J. Alexander’s Holdings, LLC prior to the tenth anniversary thereof, or Black Knight terminates the Management Consulting Agreement within 180 days after a change of control, J. Alexander’s Holdings, LLC will be obligated to pay to Black Knight an early termination payment equal to the product of (i) the annual base fee for the most recent fiscal year and (ii) the difference between 10 and the number of years that have elapsed under the Management Consulting Agreement, provided that in the event of such a termination following a change of control event, the multiple of the annual base fee to be paid shall not exceed three. During fiscal years 2017, 2016 and 2015, management fees and reimbursable out-of-pocket costs of $809, $700 and $262, respectively, were incurred relative to the Black Knight Management Consulting Agreement. Such costs are presented as a component of “General and administrative expenses” on the Consolidated Statements of Income and Comprehensive Income. As discussed in Note 14 above, a grant of an additional 1,500,024 Class B Units in J. Alexander’s Holdings, LLC was made to Black Knight on October 6, 2015 in accordance with the terms of the Management Consulting Agreement (the “Black Knight Grant”). The Black Knight Grant has a hurdle rate of approximately $151,052, which was calculated as the product of the number of shares of the Company’s common stock issued and outstanding and $10.07, which represents the volume weighted average of the closing price of the Company’s common stock over the five trading days following the distribution date of September 28, 2015. The Class B Units granted to Black Knight vest in equal installments on the first, second, and third anniversaries of the grant date, and will be subject to acceleration upon a change in control of the Company or J. Alexander’s Holdings, LLC, the termination of the Management Consulting Agreement by J. Alexander’s Holdings, LLC without cause or the termination of the Management Consulting Agreement by Black Knight as a result of J. Alexander’s Holdings, LLC’s breach of the Management Consulting Agreement. The Black Knight Grant will be measured at fair value at each reporting date through the date of vesting, and will be recognized as a component of continuing income in future Consolidated Financial Statements of the Company. As of December 31, 2017, the Black Knight Grant was valued at $4,876. Vested Class B Units held by Black Knight may be exchanged for shares of the Company’s common stock. However, upon termination of the Management Consulting Agreement for any reason, Black Knight must exchange its Class B Units within 90 days or such units will be forfeited for no consideration. During fiscal years 2017, 2016 and 2015, Black Knight profits interest expense of $942, $2,039 and $661, respectively, was recorded relative to the Black Knight Grant. Such expense is presented as a component

Non-controlling Interest

Non-controlling Interest	12 Months Ended
	Dec. 31, 2017
Noncontrolling Interest [Abstract]
Non-controlling Interest	Note 19 –Non-controlling Interest As discussed in Note 14 above, on January 1, 2015, J. Alexander’s Holdings, LLC adopted its 2015 Management Incentive Plan and granted equity incentive awards to certain members of management in the form of Class B Units. The Class B Units are profits interests in J. Alexander’s Holdings, LLC. Additionally, on October 6, 2015, J. Alexander’s Holdings, LLC granted Class B Units representing profits interests to Black Knight. The aforementioned awards allow for the distribution of earnings in J. Alexander’s Holdings, LLC in the event that the hurdle amounts and vesting requirements of each respective grant are met and, as such, represent non-controlling interests in J. Alexander’s Holdings, LLC. The Hypothetical Liquidation of Book Value method was used as of December 31, 2017 and January 1, 2017 to determine allocations of non-controlling interests consistent with the terms of the Second Amended and Restated LLC Agreement of J. Alexander’s Holdings, LLC, and pursuant to that calculation, no allocation of net income was made to non-controlling interests for fiscal years 2017 and 2016, respectively. For fiscal year 2015, no income was attributed to the non-controlling interest as the vesting requirements necessitating such an allocation had not been met. However, a non-controlling interest balance has been presented on the Consolidated Balance Sheets and Statements of Membership / Stockholders’ Equity in the amount of $5,200 and $3,740 as of December 31, 2017 and January 1, 2017, respectively, which represents profits interest compensation expense recorded by the Company. Such compensation costs have been reflected in the “General and administrative expenses” line item of the Consolidated Statements of Income and Comprehensive Income for fiscal years 2017 and 2016.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Subsequent Events	Note 20 – Subsequent Events On August 3, 2017, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) to acquire 99 Restaurants from FNH and Cannae Holdings, LLC formerly known as Fidelity National Financial Ventures, LLC (“Cannae LLC”), in exchange for the issuance of 16.3 million shares of Class B Common Stock of the Company and an equal number of Class B partnership units of J. Alexander’s Holdings, LLC to FNH and Cannae LLC. On February 1, 2018, the Merger Agreement was terminated by the parties pursuant to Section 9.1(b)(iii) thereof as a result of the failure to obtain the requisite disinterested shareholder vote at the Company’s special meeting of shareholders convened on such date for purpose of voting on the terms of the proposed Merger Agreement. Refer to the Company’s Current Report on Form 8-K filed with the SEC on February 2, 2018 for additional information.

Quarterly Results of Operations

Quarterly Results of Operations (Unaudited)	12 Months Ended
	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Quarterly Results of Operations (Unaudited)	Note 21 – Quarterly Results of Operations (Unaudited) The following is a summary of the quarterly results of operations for the years ended December 31, 2017 and January 1, 2017 (in thousands, except per share amounts): 2017 Quarter Ended April 2 July 2 October 1 December 31 Net sales $ 59,822 $ 58,216 $ 53,879 $ 61,338 Operating income (loss) 3,794 215 (1,392 ) 4,507 Income (loss) from continuing operations before income taxes 3,641 42 (1,597 ) 4,340 Net income (loss) 2,684 186 (876 ) 5,340 Basic earnings (loss) per share: Income (loss) from continuing operations, net of tax $ 0.19 $ 0.02 $ (0.05 ) $ 0.37 Loss from discontinued operations, net (0.01 ) (0.01 ) (0.01 ) (0.01 ) Basic earnings (loss) per share $ 0.18 $ 0.01 $ (0.06 ) $ 0.36 Diluted earnings (loss) per share: Income (loss) from continuing operations, net of tax $ 0.19 $ 0.02 $ (0.05 ) $ 0.37 Loss from discontinued operations, net (0.01 ) (0.01 ) (0.01 ) (0.01 ) Diluted earnings (loss) per share $ 0.18 $ 0.01 $ (0.06 ) $ 0.36 2016 Quarter Ended April 3 July 3 October 2 January 1 Net sales $ 56,879 $ 53,921 $ 51,459 $ 57,323 Operating income 3,172 1,822 1,306 3,794 Income from continuing operations before income taxes 2,999 1,684 1,177 3,679 Net income 2,290 1,087 945 2,721 Basic earnings per share: Income from continuing operations, net of tax $ 0.16 $ 0.08 $ 0.07 $ 0.19 Loss from discontinued operations, net (0.01 ) (0.01 ) (0.01 ) (0.01 ) Basic earnings per share $ 0.15 $ 0.07 $ 0.06 $ 0.19 Diluted earnings per share: Income from continuing operations, net of tax $ 0.16 $ 0.08 $ 0.07 $ 0.19 Loss from discontinued operations, net (0.01 ) (0.01 ) (0.01 ) (0.01 ) Diluted earnings per share $ 0.15 $ 0.07 $ 0.06 $ 0.18

Summary of Significant Accoun28

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Principles of Consolidation and Basis of Presentation	a) Principles of Consolidation and Basis of Presentation The Consolidated Financial Statements are prepared in accordance with United States generally accepted accounting principles (“GAAP”), and include the accounts of the Company as well as the accounts of its majority-owned subsidiaries. All intercompany profits, transactions, and balances between the Company and its subsidiaries have been eliminated. It is the Company’s policy to reclassify prior year amounts to conform to the current year’s presentation for comparative purposes, if such a reclassification is warranted. As discussed in Note 1, as a result of the Distribution, certain reorganization changes were made resulting in the Company owning all of the outstanding Class A Units and becoming the sole managing member of J. Alexander’s Holdings, LLC. The reorganization transactions were accounted for as a non-substantive transaction in a manner similar to a transaction between entities under common control pursuant to Accounting Standards Codification (“ASC”) 805-50 Transactions between Entities under Common Control
Fiscal Year	b) Fiscal Year The Company utilizes a 52- or 53-week accounting period which ends on the Sunday closest to December 31, and each quarter typically consists of 13 weeks. Fiscal years 2017 and 2016 each included 52 weeks of operations, and fiscal year 2015 included 53 weeks of operations, including a 14-week fourth quarter.
Discontinued Operations and Restaurant Closing Costs	c) Discontinued Operations and Restaurant Closing Costs During 2013, three J. Alexander’s restaurants were closed, and two of these restaurants were considered to be discontinued operations. Additionally, the Company closed one J. Alexander’s location during the first quarter of 2017 as the restaurant’s lease had reached the end of its term. Since the closure of this restaurant does not represent a strategic shift that will have a major effect on the Company’s operations and financial results, its results of operations and expenses associated with its closure have not been included in discontinued operations. Income (loss) from continuing operations before income taxes associated with this location was $30, $(179) and $47 for fiscal years 2017, 2016 and 2015, respectively.
Cash and Cash Equivalents	d) Cash and Cash Equivalents Cash and cash equivalents consist of highly liquid investments with an original maturity of three months or less when purchased. Cash also consists of payments due from third‑party credit card issuers for purchases made by guests using the issuers’ credit cards. The issuers typically remit payment within three to four days of a credit card transaction.
Accounts and Notes Receivable	e) Accounts and Notes Receivable Accounts receivable are primarily related to amounts due from third-party gift card sellers, expected workers’ compensation rebates and vendor rebates, which have been earned but not yet received.
Inventories	f) Inventories Inventories are stated at the lower of cost or net realizable value, with cost being determined on a first‑in, first‑out basis.
Property and Equipment, Net	g) Property and Equipment, Net The Company states property and equipment at cost less accumulated depreciation and amortization. Depreciation and amortization expense is calculated using the straight‑line method. The useful lives of assets are typically 30–40 years for buildings and land improvements and two–10 years for furniture, fixtures, and equipment. Leasehold improvements are amortized over the lesser of the useful life or the remaining lease term, generally inclusive of renewal periods. Equipment under capital leases is amortized to its expected residual value at the end of the lease term. Gains or losses are recognized upon the disposal of property and equipment, and the asset and related accumulated depreciation and amortization are removed from the accounts. Maintenance, repairs and betterments that do not enhance the value of or increase the life of the assets are expensed as incurred. The Company capitalizes all direct external costs associated with obtaining the land, building, and equipment for each new restaurant, as well as construction period interest. All direct external costs associated with obtaining the dining room and kitchen equipment, signage, and other assets and equipment are also capitalized. Certain direct and indirect costs are capitalized as building and leasehold improvement costs in conjunction with capital improvement projects at existing restaurants and acquiring and developing new restaurant sites. Such costs are amortized over the life of the related assets.
Goodwill and Other Intangible Assets	h) Goodwill and Other Intangible Assets Goodwill represents the excess of cost over fair value of net assets acquired in a previous acquisition of the Company’s predecessor by FNF in 2012. Intangible assets include trade names, deferred loan costs, and liquor licenses at certain restaurants. Goodwill, trade names, and liquor licenses are not subject to amortization, but are tested for impairment annually as of the fiscal year‑end date, or more frequently, if events or changes in circumstances indicate that the asset might be impaired. An impairment loss is recognized to the extent that the carrying amount of the goodwill or indefinite‑lived intangible asset exceeds its fair value. The Company performed the fiscal year 2017 annual review of goodwill in accordance with Accounting Standards Update (“ASU”) No. 2011‑08, Testing Goodwill for Impairment Deferred loan costs are subject to amortization and are classified in the “Long-term debt, net of portion classified as current and deferred loan costs” line item on the Consolidated Balance Sheets. Deferred loan costs are amortized principally by the interest method over the life of the related debt. For the next five fiscal years, scheduled amortization of deferred loan costs is as follows: 2018 – $86; 2019 – $83; 2020 – $22; 2021 – $0; 2022 and thereafter – $0.
Impairment of Long-Lived Assets	i) Impairment of Long‑Lived Assets In accordance with ASC Topic 360, Property, Plant, and Equipment No impairment charges were recorded for the years ended December 31, 2017, January 1, 2017 or January 3, 2016.
Operating Leases	j) Operating Leases The Company through its subsidiaries has land only, building only, and land and building leases that are recorded as operating leases. Most of the leases have rent escalation clauses and some have rent holiday and contingent rent provisions. The rent expense under these leases is recognized on the straight‑line basis over an expected lease term, including cancelable option periods when it is reasonably assured that such option periods will be exercised because failure to do so would result in a significant economic penalty Rent expense incurred during the construction period for a leased restaurant location is included in pre‑opening expense. Contingent rent expense is based upon sales levels and is typically accrued when it is deemed probable that it will be payable. Tenant improvement allowances received from landlords under operating leases are recorded as deferred rent obligations. The same lease life that is used for the straight‑line rent calculation is also used for assessing leases for capital or operating lease accounting.
Revenue Recognition	k) Revenue Recognition Restaurant revenues are recognized when food and service are provided. Unearned revenue represents the liability for gift cards, which have been sold but not redeemed. Upon redemption, net sales are recorded and the liability is reduced by the amount of card values redeemed. Reductions in liabilities for gift cards that, although they do not expire, are considered to be only remotely likely to be redeemed and for which there is no legal obligation to remit balances under unclaimed property laws of the relevant jurisdictions (breakage), have been recorded as revenue and are included in net sales in the Consolidated Statements of Income and Comprehensive Income. Based on historical experience, management currently considers the probability of redemption of a gift card to be remote when it has been outstanding for 24 months. The Company records breakage related to sold gift cards when the likelihood of redemption becomes remote. Breakage of $311, $347 and $343 related to gift cards was recorded in fiscal years 2017, 2016 and 2015, respectively.
Vendor Rebates	l) Vendor Rebates Vendor rebates are received from various nonalcoholic beverage suppliers and suppliers of food products and supplies. Rebates are recognized as a reduction to cost of sales in the period in which they are earned.
Advertising Costs	m) Advertising Costs Costs of advertising are charged to expense at the time the costs are incurred. Advertising expense totaled $124, $92 and $76, during fiscal years 2017, 2016 and 2015, respectively.
Transaction and Integration Costs	n) Transaction and Integration Costs The Company and its subsidiaries have historically grown through improving operations, food quality and the guest experience. However, the Company has experienced recent transactions and proposed transactions which have resulted in certain nonrecurring transaction and integration costs being incurred. Transaction costs typically consist primarily of legal and consulting costs, accounting fees, and to a lesser extent other professional fees and miscellaneous costs. Integration costs typically consist primarily of consulting and legal costs. During fiscal year 2015, transaction costs associated with the Distribution discussed in Note 1 in the amount of $7,181 were incurred, $1,675 of which represented the write-off of deferred offering costs previously capitalized in 2014 as a result of the abandonment of the initial public offering in 2015. Deferred offering costs primarily consisted of direct, incremental legal and accounting fees relating to the pursuit of an initial public offering. During fiscal year 2016, transaction and integration costs of $64 were incurred related to the finalization of the Distribution transaction. In addition, the Company incurred transaction costs associated with the proposed acquisition of the Ninety Nine Restaurant and Pub concept (“99 Restaurants”) totaling $3,529 in fiscal year 2017. Such costs consisted primarily of fairness opinion fees, legal, accounting, and consulting fees as well as other miscellaneous costs. During fiscal year 2018, the Company announced that it did not receive the required number of disinterested shareholder votes to approve the proposed acquisition, and the merger agreement was thereafter terminated. Refer to Note 20 – Subsequent Events for additional discussion of the proposed acquisition.
Income Taxes	o) Income Taxes Income taxes are accounted for using the assets and liability method, whereby deferred income taxes reflect the net tax effect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes and for operating loss and tax credit carryforwards. The deferred taxes generated within the J. Alexander’s Holdings, LLC partnership are accounted for using the “outside basis” approach, and the deferred taxes outside of the partnership are accounted for using the “inside basis” approach. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred tax assets are reduced by a valuation allowance if, based on the weight of available evidence, it is more likely than not that the deferred tax assets will not be realized. The benefits of uncertain tax positions are recognized in the Consolidated Financial Statements only after determining a more likely than not probability that the uncertain tax positions will withstand challenge, if any, from taxing authorities. When facts and circumstances change, these probabilities are reassessed and any appropriate changes are recorded in the Consolidated Financial Statements. Uncertain tax positions are accounted for by determining the minimum recognition threshold that a tax position is required to meet before being recognized in the Consolidated Financial Statements. This determination requires the use of judgment in assessing the timing and amounts of deductible and taxable items. Tax positions that meet the more likely than not recognition threshold are recognized and measured as the largest amount of tax benefit that is greater than 50% likely of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. Interest and penalties accrued related to unrecognized tax benefits or income tax settlements are recognized as components of income tax expense.
Concentration of Credit Risk	p) Concentration of Credit Risk Financial instruments that are potentially exposed to a concentration of credit risk are cash and cash equivalents and accounts receivable. Operating cash balances are maintained in noninterest‑bearing transaction accounts, which are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250. Further, a certain portion of the assets held in a rabbi trust (the “Trust”) consists of cash and cash equivalents. The Company places cash with high‑credit‑quality financial institutions, and at times, such cash may be in excess of the federally insured limit. However, there have been no losses experienced related to these balances, and the credit risk is believed to be minimal. Also, the Company believes that its risk related to cash equivalents from third‑party credit card issuers for purchases made by guests using the issuers’ credit cards is not significant due to the number of banks involved and the fact that payment is typically received within three to four days of a credit card transaction. Therefore, the Company does not believe it has significant risk related to its cash and cash equivalents accounts. Another portion of the assets held in the Trust consists of U.S. Treasury bonds as well as a small number of corporate bonds with ratings no lower than BBB+. The Company believes the credit risk associated with such bonds to be minimal given the historical stability of the U.S. government and the investment grade bond ratings relative to the corporate issuers. Concentrations of credit risk with respect to accounts receivable are related principally to receivables from governmental agencies related to refunds of franchise and income taxes. The Company does not believe it has significant risk related to accounts receivable due to the nature of the entities involved.
Use of Estimates	q) Use of Estimates Management has made certain estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements and the reported amounts of revenues and expenses during the periods presented to prepare these Consolidated Financial Statements in conformity with GAAP. Significant items subject to such estimates and assumptions include those related to the accounting for gift card breakage, determination of uncertain tax positions and the valuation allowance relative to deferred tax assets, if any, estimates of useful lives of property and equipment and leasehold improvements, the carrying amount of intangible assets, fair market valuations, determination of lease terms, and accounting for impairment losses, contingencies, and litigation. Actual results could differ from these estimates.
Sales Taxes	r) Sales Taxes Revenues are presented net of sales taxes. The obligation for sales taxes is included in accrued expenses and other current liabilities until the taxes are remitted to the appropriate taxing authorities.
Pre-opening Expense	s) Pre‑opening Expense Pre‑opening costs are accounted for by expensing such costs as they are incurred.
Comprehensive Income	t) Comprehensive Income Total comprehensive income or loss is comprised solely of net income or net loss for all periods presented. Therefore, a separate statement of comprehensive income is not included in the accompanying Consolidated Financial Statements.
Segment Reporting	u) Segment Reporting The Company through its subsidiaries owns and operates full‑service, upscale restaurants under four concepts exclusively in the United States that have similar economic characteristics, products and services, class of customer and distribution methods. The Company believes it meets the criteria for aggregating its operating segments into a single reportable segment.
Non-controlling Interests	v) Non-controlling Interests Non-controlling interests on the Consolidated Balance Sheets represents the portion of the Company’s net assets of attributable to the non-controlling J. Alexander’s Holdings, LLC Class B Unit holders. As of December 31, 2017 and January 1, 2017, the non-controlling interest presented on the Consolidated Balance Sheets is $5,200 and $3,740, respectively, and consists solely of the non-cash compensation expense relative to the profits interest awards to management and Black Knight discussed in Note 14 – Share-based Compensation below. The Hypothetical Liquidation of Book Value method was used as of December 31, 2017 and January 1, 2017 to determine allocations of non-controlling interests consistent with the terms of the Second Amended and Restated LLC Agreement of J. Alexander’s Holdings, LLC, and pursuant to that calculation, no allocation of net income was made to non-controlling interests for fiscal years 2017 and 2016, respectively.
Earnings per Share	w) Earnings per Share Basic earnings per share is computed by dividing net income by the weighted average number of shares outstanding for the reporting period. Diluted earnings per share gives effect during the reporting period to all dilutive potential shares outstanding resulting from share-based compensation awards. Diluted earnings per share of common stock is computed similarly to basic earnings per share except the weighted average shares outstanding are increased to include additional shares from the assumed exercise of any common stock equivalents, if dilutive. J. Alexander’s Holdings, LLC Class B Units are considered common stock equivalents for this purpose. The number of additional shares of common stock related to these common stock equivalents is calculated using the if-converted method, if dilutive. The number of additional shares of common stock related to stock option awards is calculated using the treasury method, if dilutive. Refer to Note 3 – Earnings per Share for the basic and diluted earnings per share calculations and additional discussion. As stated above, the periods prior to the Distribution presented in the accompanying Consolidated Financial Statements represents the historical operating results and financial position of J. Alexander’s Holdings, LLC. For comparison purposes, earnings per share amounts are calculated for such periods using a weighted-average number of common shares outstanding based on the number of shares outstanding on the Distribution date as if all shares had been outstanding since the first day of the earliest period presented.
Recently Issued Accounting Standards	x) Recently Issued Accounting Standards In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2014-09, Revenue from Contracts with Customers Deferral of the Effective Date based upon company-specific historical redemption patterns, and gift card breakage will be recognized in revenue in proportion to redemptions In January 2016, the FASB issued 2016-01 , Financial Instruments – Overall: Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU No. 2016-01”). The pronouncement requires equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income, requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes, requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset, and eliminates the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost. These changes become effective for the Company’s 2018 fiscal year. The expected adoption method of 2016-01 is being evaluated by the Company, and the adoption is not expected to have a significant impact on its Consolidated Financial Statements and related disclosures. In February 2016, the FASB issued ASU No. 2016-02, Leases Leases, Leases In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230), Classification of Certain Cash Receipts and Cash Payments In January 2017, the FASB issued ASU No. 2017-04, Intangibles – Goodwill and Other : Simplifying the Test for Goodwill Impairment In May 2017, the FASB issued ASU No. 2017-09, Compensation - Stock Compensation (Topic 718): Scope of Modification Accounting (“ASU No. 2017-09”), which provides clarity and reduces complexity when an entity has changes to the terms or conditions of a share-based payment award, and when an entity should apply modification accounting. The amendments in ASU No. 2017-09 are effective for financial statements issued for annual periods beginning after December 15, 2017, including interim periods within those annual periods, and early adoption is permitted for interim or annual periods. The Company is evaluating the impact that the adoption of ASU No. 2017-09 will have on its Consolidated Financial Statements and related disclosures.
Recently Adopted Accounting Standards	y) Recently In July 2015, the FASB issued ASU No. 2015-11, Simplifying the Measurement of Inventory In March 2016, the FASB issued ASU No. 2016-09, Compensation - Stock Compensation

Earnings per Share (Tables)

Earnings per Share (Tables)	12 Months Ended
	Dec. 31, 2017
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings per Share	The following table sets forth the computation of basic and diluted earnings per share: Year Ended (Dollars and shares in thousands, except per share amounts) December 31, January 1, January 3, 2017 2017 2016 Numerator: Income from continuing operations, net of tax $ 7,773 $ 7,477 $ 5,784 Loss from discontinued operations, net (439 ) (434 ) (429 ) Net income $ 7,334 $ 7,043 $ 5,355 Denominator: Weighted average shares (denominator for basic earnings per share) 14,695 14,821 15,000 Effect of dilutive securities 73 19 37 Adjusted weighted average shares and assumed conversions (denominator for diluted earnings per share) 14,768 14,840 15,037 Basic earnings per share: Income from continuing operations, net of tax $ 0.53 $ 0.50 $ 0.39 Loss from discontinued operations, net (0.03 ) (0.03 ) (0.03 ) Basic earnings per share $ 0.50 $ 0.48 $ 0.36 Diluted earnings per share: Income from continuing operations, net of tax $ 0.53 $ 0.50 $ 0.38 Loss from discontinued operations, net (0.03 ) (0.03 ) (0.03 ) Diluted earnings per share $ 0.50 $ 0.47 $ 0.36 Note: Per share amounts may not sum due to rounding.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis	The following tables present our financial assets and liabilities measured at fair value on a recurring basis as of the dates indicated: December 31, 2017 Level 1 Level 2 Level 3 Cash and cash equivalents* $ 212 $ - $ - U.S. government obligations* 397 - - Corporate bonds* 1,841 - - Cash surrender value - life insurance* - 2,106 - Total $ 2,450 $ 2,106 $ - January 1, 2017 Level 1 Level 2 Level 3 Cash and cash equivalents* $ 45 $ - $ - U.S. government obligations* 700 - - Corporate bonds* 1,683 - - Cash surrender value - life insurance* - 2,017 - Total $ 2,428 $ 2,017 $ - * - As held in the Trust as defined below.

Prepaid Expenses and Other Cu31

Prepaid Expenses and Other Current Assets (Tables)	12 Months Ended
	Dec. 31, 2017
Prepaid Expense And Other Assets Current [Abstract]
Schedule of Prepaid Expenses and Other Current Assets	Prepaid expenses and other current assets consisted of the following: December 31, January 1, 2017 2017 Prepaid insurance $ 1,239 $ 1,180 Prepaid rent 986 902 Payroll taxes 1,252 1,183 Other 292 383 Prepaid expenses and other current assets $ 3,769 $ 3,648

Other Assets (Tables)

Other Assets (Tables)	12 Months Ended
	Dec. 31, 2017
Other Assets [Abstract]
Schedule of Other Assets	Other assets consisted of the following: December 31, January 1, 2017 2017 Favorable operating leases, net $ 351 $ 803 Cash, cash equivalents and securities held in the Trust 2,450 2,428 Cash surrender value of life insurance 2,106 2,017 Deferred tax assets 522 221 Other 754 543 Other assets $ 6,183 $ 6,012

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2017
Property Plant And Equipment [Abstract]
Schedule of Property and Equipment	Property and equipment, at cost, less accumulated depreciation and amortization, consisted of the following: December 31, January 1, 2017 2017 Land $ 20,204 $ 20,204 Buildings 31,057 29,879 Leasehold improvements 58,233 48,978 Restaurant and other equipment 32,036 26,893 Construction in progress 5,569 9,680 147,099 135,634 Less accumulated depreciation and amortization (43,484 ) (34,164 ) Property and equipment, net $ 103,615 $ 101,470

Goodwill and Indefinite Lived34

Goodwill and Indefinite Lived Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2017
Goodwill And Intangible Assets Disclosure [Abstract]
Schedule of Goodwill and Intangible Assets	Goodwill and indefinite-lived intangible assets consisted of the following: December 31, January 1, 2017 2017 Goodwill $ 15,737 $ 15,737 Tradename 25,053 25,053 Liquor licenses 149 102 Intangible assets $ 40,939 $ 40,892

Accrued Expenses and Other Cu35

Accrued Expenses and Other Current Liabilities (Tables)	12 Months Ended
	Dec. 31, 2017
Payables And Accruals [Abstract]
Schedule of Accrued Expenses and Other Current Liabilities	Accrued expenses and other current liabilities consisted of the following: December 31, January 1, 2017 2017 Taxes, other than income taxes $ 4,236 $ 4,093 Salaries, wages, vacation, and incentive compensation 2,995 2,954 Transaction costs 1,060 - Other 2,454 2,439 Accrued expenses and other current liabilities $ 10,745 $ 9,486

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Schedule of Debt	Debt consisted of the following: December 31, December 31, January 1, January 1, 2017 2017 2017 2017 Current Long-term Current Long-term Mortgage Loan, LIBOR + 2.5% (floor of 3.25%, ceiling of 6.25%), at 3.94% and 3.25% at December 31, 2017 and January 1, 2017, respectively, payable through 2020 $ 1,667 $ 6,250 $ 1,667 $ 7,916 Term Loan, LIBOR + 2.2% on a floating basis at 3.64% and 2.86% at December 31, 2017 and January 1, 2017, respectively, payable through 2020 3,333 4,722 2,222 7,778 Development Revolving Promissory Note, LIBOR + 2.2% on a floating basis at 3.64% and 2.86% at December 31, 2017 and January 1, 2017, respectively, payable through 2020 4,000 - 4,000 - Less: Net deferred loan costs - (191 ) - (276 ) Total debt $ 9,000 $ 10,781 $ 7,889 $ 15,418

Other Long Term Liabilities (Ta

Other Long Term Liabilities (Tables)	12 Months Ended
	Dec. 31, 2017
Other Liabilities Disclosure [Abstract]
Schedule of Other Long-Term Liabilities	Other long‑term liabilities consisted of the following: December 31, January 1, 2017 2017 Deferred rent $ 6,094 $ 4,735 Unfavorable lease liabilities, net 347 563 Uncertain tax positions 15 257 Other long-term liabilities $ 6,456 $ 5,555

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2017
Leases [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases	The following table summarizes future minimum lease payments under operating leases (excluding renewal options), including those restaurants reported as discontinued operations, having an initial term of one year or more: December 31, 2017 2018 $ 7,774 2019 6,937 2020 5,902 2021 4,721 2022 3,710 2023 and thereafter 14,793 Total minimum lease payments (1) $ 43,837 (1)

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Schedule of Significant Components of Income Tax Expense (Benefit)	Significant components of the Company’s income tax expense (benefit) for the periods indicated below are as follows : Year Ended December 31, January 1, January 3, 2017 2017 2016 Current income taxes: Federal $ 264 $ 2,189 $ 946 State and local 743 774 359 Total current income taxes 1,007 2,963 1,305 Deferred income taxes: Federal (1,881 ) (922 ) 217 State and local (473 ) 21 33 Total deferred income taxes (2,354 ) (901 ) 250 Income tax expense (benefit) $ (1,347 ) $ 2,062 $ 1,555
Summary of Effective Tax Rate Differs from the Federal Statutory Rate	The Company’s effective tax rate differs from the federal statutory rate as set forth in the following table for the periods indicated: Year Ended December 31, January 1, January 3, 2017 2017 2016 Federal income tax 35.0 % 35.0 % 34.0 % Federal tax reform (22.4 )% - - Effect of rates due to pass-through entities - - (14.7 )% State income tax 6.4 % 6.5 % 6.9 % Transaction costs - - 2.0 % FICA tip credit (32.8 )% (20.1 )% (6.9 )% Uncertain tax positions (3.9 )% (0.1 )% (1.3 )% Return to provision (4.5 )% - - Rate differential between current and deferred taxes (1.7 )% - 2.5 % Incentive stock options 2.0 % 0.9 % Other (0.6 )% 0.4 % - Effective tax rate (22.5 )% 22.6 % 22.5 %
Schedule of Significant Components of Deferred Income Tax Assets and Liabilities	Significant components of the Company’s deferred tax assets and liabilities as of December 31, 2017, and January 1, 2017, are as follows: December 31, January 1, 2017 2017 Deferred tax assets: Net operating loss carryforwards $ 173 $ 182 Accrued bonuses 17 108 Stock options 159 97 State bonus depreciation 400 74 Other - 8 Total deferred tax assets 749 469 Less: deferred tax assets valuation allowance (105 ) (68 ) Total net deferred tax assets 644 401 Deferred tax liabilities: Partnership differences (2,119 ) (4,211 ) Other (78 ) - Total deferred tax liabilities (2,197 ) (4,211 ) Net deferred tax (liability) asset $ (1,553 ) $ (3,810 )
Schedule of Reconciliation of Unrecognized Tax Benefits	A reconciliation of the beginning and ending unrecognized tax benefit associated with these positions (excluding federal benefit and the aforementioned accrued interest) is as follows: December 31, January 1, 2017 2017 Balance at the beginning of the year $ 294 $ 228 Changes based on tax positions taken during the current year - - Changes based on tax positions taken during prior years - 66 Reductions related to settlements with taxing authorities and lapses of statutes of limitations (214 ) - Balance at the end of the year $ 80 $ 294

Share-based Compensation (Table

Share-based Compensation (Tables)	12 Months Ended
	Dec. 31, 2017
Management Profits Interest Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Assumptions used to Estimate Fair Value of Awards under Black-Scholes-Merton Pricing Model	The Company used the Black-Scholes-Merton pricing model to estimate the fair value of management profits interest awards and used the following assumptions: Grant Date Fair Value Member equity price per unit $ 10.00 Class B hurdle price $ 11.30 Dividend yield 0 % Volatility factor 35 % Risk-free interest rate 1.24 % Time to liquidity (in years) 3.5 Lack of marketability discount 23 % Grant date fair value $ 1.76
Summary of Management Incentive Plan Activity	The following table summarizes the Management Incentive Plan activity: Weighted Average Number of Grant Date Units Fair Value Non-vested management profits interest awards at January 1, 2017 416,673 $ 1.87 Granted - - Vested - - Forfeited - - Non-vested management profits interest awards at December 31, 2017 416,673 $ 1.87
Black Knight Advisory Services Profits Interest Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Assumptions used to Estimate Fair Value of Awards under Black-Scholes-Merton Pricing Model	The Company used the Black-Scholes-Merton pricing model to estimate the fair value of Black Knight profits interest awards which included the following assumptions for the indicated period: Year Ended December 31, 2017 Member equity price per unit $ 9.70 Class B hurdle price $ 10.07 Dividend yield 0 % Volatility factor 38 % Risk-free interest rate 2.20 % Time to liquidity (in years) 4.5 Estimated fair value $ 3.25
Summary of Black Knight Profits Interest Plan Activity	The following table summarizes the Black Knight profits interest plan activity: Number of Weighted Average Units Fair Value Non-vested Black Knight profits interest awards at January 1, 2017 1,000,016 $ 4.34 Granted - - Vested (500,008 ) 3.25 Forfeited - - Non-vested Black Knight profits interest awards at December 31, 2017 500,008 $ 3.25
Stock Option Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Assumptions used to Estimate Fair Value of Awards under Black-Scholes-Merton Option Pricing Model	The Company uses the Black-Scholes-Merton option pricing model to estimate the fair value of stock option awards and used the following assumptions for the indicated periods during which grants were made as noted above: Year Ended January 1, 2017 January 3, 2016 Dividend yield 0.00 % 0.00 % Volatility factor 34.51 % 35.00 % Risk-free interest rate 1.34 % 1.36 % Expected life of options (in years) 4.75 4.75 Weighted-average grant date fair value $ 2.82 $ 3.33
Summary of Stock Options under Equity Incentive Plan	A summary of stock options under the Company’s equity incentive plan is as follows: Number of Shares Weighted Average Exercise Price Outstanding at December 28, 2014 - $ - Issued 467,000 10.39 Exercised - - Forfeited (30,000 ) 10.39 Outstanding at January 3, 2016 437,000 10.39 Issued 553,750 8.93 Exercised - - Forfeited - - Outstanding at January 1, 2017 990,750 9.58 Issued - - Exercised - - Forfeited (5,000 ) 8.90 Outstanding at December 31, 2017 985,750 $ 9.58
Schedule of Company's Non - Vested Stock Option Activity	The following table summarizes the Company’s non-vested stock option activity for the year ended December 31, 2017: Weighted Average Number of Grant Date Shares Fair Value Non-vested stock options at January 1, 2017 881,500 $ 3.01 Granted - - Vested (246,437 ) 3.05 Forfeited (5,000 ) 2.81 Non-vested stock options at December 31, 2017 630,063 $ 3.00
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range	The following table summarizes information about the Company’s stock options outstanding at December 31, 2017: Options Outstanding Options Exercisable Range of Exercise Prices Number Outstanding at December 31, 2017 Weighted Average Remaining Contractual Life Weighted Average Exercise Price Number Exercisable at December 31, 2017 Weighted Average Remaining Contractual Life Weighted Average Exercise Price $8.90 535,000 5.85 years $ 8.90 133,750 5.85 years $ 8.90 $10.24 13,750 5.32 years 10.24 3,437 5.32 years 10.24 $10.39 437,000 4.78 years 10.39 218,500 4.78 years 10.39 $8.90 - $10.39 985,750 5.37 years $ 9.58 355,687 5.19 years $ 9.83

Quarterly Results of Operatio41

Quarterly Results of Operations (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Quarterly Results of Operations	The following is a summary of the quarterly results of operations for the years ended December 31, 2017 and January 1, 2017 (in thousands, except per share amounts): 2017 Quarter Ended April 2 July 2 October 1 December 31 Net sales $ 59,822 $ 58,216 $ 53,879 $ 61,338 Operating income (loss) 3,794 215 (1,392 ) 4,507 Income (loss) from continuing operations before income taxes 3,641 42 (1,597 ) 4,340 Net income (loss) 2,684 186 (876 ) 5,340 Basic earnings (loss) per share: Income (loss) from continuing operations, net of tax $ 0.19 $ 0.02 $ (0.05 ) $ 0.37 Loss from discontinued operations, net (0.01 ) (0.01 ) (0.01 ) (0.01 ) Basic earnings (loss) per share $ 0.18 $ 0.01 $ (0.06 ) $ 0.36 Diluted earnings (loss) per share: Income (loss) from continuing operations, net of tax $ 0.19 $ 0.02 $ (0.05 ) $ 0.37 Loss from discontinued operations, net (0.01 ) (0.01 ) (0.01 ) (0.01 ) Diluted earnings (loss) per share $ 0.18 $ 0.01 $ (0.06 ) $ 0.36 2016 Quarter Ended April 3 July 3 October 2 January 1 Net sales $ 56,879 $ 53,921 $ 51,459 $ 57,323 Operating income 3,172 1,822 1,306 3,794 Income from continuing operations before income taxes 2,999 1,684 1,177 3,679 Net income 2,290 1,087 945 2,721 Basic earnings per share: Income from continuing operations, net of tax $ 0.16 $ 0.08 $ 0.07 $ 0.19 Loss from discontinued operations, net (0.01 ) (0.01 ) (0.01 ) (0.01 ) Basic earnings per share $ 0.15 $ 0.07 $ 0.06 $ 0.19 Diluted earnings per share: Income from continuing operations, net of tax $ 0.16 $ 0.08 $ 0.07 $ 0.19 Loss from discontinued operations, net (0.01 ) (0.01 ) (0.01 ) (0.01 ) Diluted earnings per share $ 0.15 $ 0.07 $ 0.06 $ 0.18

Organization and Business - Add

Organization and Business - Additional Information (Details) $ / shares in Units, $ in Thousands	Oct. 29, 2015shares	Sep. 22, 2015shares	Dec. 31, 2017USD ($)RestaurantOperatingplace$ / sharesshares	Jan. 01, 2017USD ($)RestaurantOperatingplace$ / sharesshares	Oct. 06, 2015shares	Sep. 29, 2015$ / shares	Sep. 28, 2015	Jan. 01, 2015shares
Organization And Business [Line Items]
Date of incorporation			Aug. 15, 2014
Common stock, shares outstanding			14,695,176	14,695,176
Common stock, par value | $ / shares			$ 0.001	$ 0.001		$ 0.001
Period to repurchase common stock	3 years
Stock repurchase program, shares repurchased			305,059
Purchased price of shares | $			$ 3,203	$ 3,203
Stock Repurchase Program Expiration Date			Oct. 29, 2018
J. Alexander’s
Organization And Business [Line Items]
Number of restaurants | Restaurant			19	20
Number of states in entity operates | Operatingplace			11	10
Stoney River Steakhouse and Grill
Organization And Business [Line Items]
Number of restaurants | Restaurant			12	11
Number of states in entity operates | Operatingplace			7	6
Redlands Grill
Organization And Business [Line Items]
Number of restaurants | Restaurant			12
Number of states in entity operates | Operatingplace			8
Maximum
Organization And Business [Line Items]
Stock repurchase program, shares authorized	1,500,000
Common Class A Units
Organization And Business [Line Items]
Common unit, outstanding		15,000,235
Common Class B Units | 2015 Management Incentive Plan
Organization And Business [Line Items]
Common unit, outstanding								833,346
FNF
Organization And Business [Line Items]
Spin-off shares distributed percentage							100.00%
FNFV
Organization And Business [Line Items]
Spin-off shares distributed for every one share of FNFV		0.17271
Black Knight Advisory Services, LLC | Common Class B Units
Organization And Business [Line Items]
Common unit, outstanding			1,500,024		1,500,024

Summary of Significant Accoun43

Summary of Significant Accounting Policies - Additional Information (Details) $ in Thousands	Dec. 29, 2013Restaurant	Apr. 02, 2017Restaurant	Dec. 31, 2017USD ($)	Jan. 01, 2017USD ($)	Jan. 03, 2016USD ($)
Summary Of Significant Accounting Policies [Line Items]
Number of restaurants closed | Restaurant	3	1
Restaurant closing cost			$ 571	$ 437	$ 432
Loss from discontinued operations, net			439	434	429
Income (loss) from continuing operations before income taxes for restaurant closed during the period			30	(179)	47
Impairment of goodwill			0	0	0
Impairment of indefinite-lived intangible assets			0	0	0
Deferred loan cost amortization - 2018			86
Deferred loan cost amortization - 2019			83
Deferred loan cost amortization - 2020			22
Deferred loan cost amortization - 2021			0
Deferred loan cost amortization - 2022 and thereafter			0
Impairment charges			0	0	0
Breakage of gift cards			311	347	343
Advertising expense			124	92	76
Transaction and integration costs			3,529	64	7,181
Write off of deferred offering costs					1,675
Non-controlling interests			5,200	3,740
Allocation of Net Income
Summary Of Significant Accounting Policies [Line Items]
Non-controlling interests			0	0
Ninety Nine Restaurant & Pub
Summary Of Significant Accounting Policies [Line Items]
Transaction costs associated with proposed acquisition			$ 3,529
Minimum
Summary Of Significant Accounting Policies [Line Items]
Payment receipt period on credit card transaction			3 days
Minimum | Buildings and Land Improvements
Summary Of Significant Accounting Policies [Line Items]
Property plant and equipment useful life			30 years
Minimum | Furniture, Fixtures, and Equipment
Summary Of Significant Accounting Policies [Line Items]
Property plant and equipment useful life			2 years
Maximum
Summary Of Significant Accounting Policies [Line Items]
Payment receipt period on credit card transaction			4 days
Maximum | Noninterest-bearing Transaction Accounts
Summary Of Significant Accounting Policies [Line Items]
Cash balance insured by Federal Deposit Insurance Corporation			$ 250
Maximum | Buildings and Land Improvements
Summary Of Significant Accounting Policies [Line Items]
Property plant and equipment useful life			40 years
Maximum | Furniture, Fixtures, and Equipment
Summary Of Significant Accounting Policies [Line Items]
Property plant and equipment useful life			10 years
Discontinued Operations
Summary Of Significant Accounting Policies [Line Items]
Loss from discontinued operations, net			$ 439	$ 434	$ 429

Earnings per Share - Computatio

Earnings per Share - Computation of Basic and Diluted Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Oct. 01, 2017	Jul. 02, 2017	Apr. 02, 2017	Jan. 01, 2017	Oct. 02, 2016	Jul. 03, 2016	Apr. 03, 2016	Dec. 31, 2017	Jan. 01, 2017	Jan. 03, 2016
Numerator:
Income from continuing operations, net of tax									$ 7,773	$ 7,477	$ 5,784
Loss from discontinued operations, net									(439)	(434)	(429)
Net income	$ 5,340	$ (876)	$ 186	$ 2,684	$ 2,721	$ 945	$ 1,087	$ 2,290	$ 7,334	$ 7,043	$ 5,355
Denominator:
Weighted average shares (denominator for basic earnings per share)									14,695	14,821	15,000
Effect of dilutive securities									73	19	37
Adjusted weighted average shares and assumed conversions (denominator for diluted earnings per share)									14,768	14,840	15,037
Basic earnings per share:
Income (loss) from continuing operations, net of tax	$ 0.37	$ (0.05)	$ 0.02	$ 0.19	$ 0.19	$ 0.07	$ 0.08	$ 0.16	$ 0.53	$ 0.50	$ 0.39
Loss from discontinued operations, net	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.03)	(0.03)	(0.03)
Basic earnings per share	0.36	(0.06)	0.01	0.18	0.19	0.06	0.07	0.15	0.50	0.48	0.36
Diluted earnings per share:
Income (loss) from continuing operations, net of tax	0.37	(0.05)	0.02	0.19	0.19	0.07	0.08	0.16	0.53	0.50	0.38
Loss from discontinued operations, net	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.03)	(0.03)	(0.03)
Diluted earnings per share	$ 0.36	$ (0.06)	$ 0.01	$ 0.18	$ 0.18	$ 0.06	$ 0.07	$ 0.15	$ 0.50	$ 0.47	$ 0.36

Earnings per Share - Additional

Earnings per Share - Additional Information (Details) - $ / shares	Feb. 21, 2018	Dec. 31, 2017	Jan. 01, 2017	Jan. 03, 2016
Antidilutive Securities Excluded From And Dilutive Securities Included In Computation Of Earnings Per Share [Line Items]
Stock options granted			553,750	467,000
Weighted average exercise price, issued			$ 8.93	$ 10.39
Stock Option Awards
Antidilutive Securities Excluded From And Dilutive Securities Included In Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of earnings per share		985,750	990,750	437,000
Stock Option Awards | Subsequent Event
Antidilutive Securities Excluded From And Dilutive Securities Included In Computation Of Earnings Per Share [Line Items]
Stock options granted	510,000
Weighted average exercise price, issued	$ 9.55
Management | Class B Units
Antidilutive Securities Excluded From And Dilutive Securities Included In Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of earnings per share		833,346	833,346	833,346
Black Knight Advisory Services, LLC | Class B Units
Antidilutive Securities Excluded From And Dilutive Securities Included In Computation Of Earnings Per Share [Line Items]
Class B units issued representing profits interest		1,500,024	1,500,024	1,500,024
Shares attributable to dilutive effect of additional shares		72,579	18,519	36,776

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - Fair Value Measurements Recurring - USD ($) $ in Thousands	Dec. 31, 2017	Jan. 01, 2017
Level 1
Schedule of Assets Measured at Fair Value on a Recurring Basis
Cash and cash equivalents	$ 212	$ 45
Assets held in trust	2,450	2,428
Level 1 | Corporate Bonds (as Held in the Trust)
Schedule of Assets Measured at Fair Value on a Recurring Basis
Assets held in trust	1,841	1,683
Level 1 | U.S. Government Obligations (as Held in the Trust)
Schedule of Assets Measured at Fair Value on a Recurring Basis
Assets held in trust	397	700
Level 2
Schedule of Assets Measured at Fair Value on a Recurring Basis
Assets held in trust	2,106	2,017
Cash surrender value - life insurance	$ 2,106	$ 2,017

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Jan. 01, 2017	Oct. 19, 2015
Schedule Of Assets Used To Fund The Trust [Line Items]
Cash used to fund the trust			$ 2,415
Cash surrender value of whole life insurance policies used to fund the Trust	$ 2,106	$ 2,017
Assets, measured at fair value on a nonrecurring basis	0	0
Liabilities, measured at fair value on a nonrecurring basis	$ 0	$ 0
Cash Surrender Value
Schedule Of Assets Used To Fund The Trust [Line Items]
Cash surrender value of whole life insurance policies used to fund the Trust			1,889
Rabbi Trust
Schedule Of Assets Used To Fund The Trust [Line Items]
Assets held in trust			$ 4,304

Prepaid Expenses and Other Cu48

Prepaid Expenses and Other Current Assets - Schedule of Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Jan. 01, 2017
Prepaid Expense And Other Assets Current [Abstract]
Prepaid insurance	$ 1,239	$ 1,180
Prepaid rent	986	902
Payroll taxes	1,252	1,183
Other	292	383
Prepaid expenses and other current assets	$ 3,769	$ 3,648

Other Assets - Schedule of Othe

Other Assets - Schedule of Other Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Jan. 01, 2017
Other Assets [Abstract]
Favorable operating leases, net	$ 351	$ 803
Cash, cash equivalents and securities held in the Trust	2,450	2,428
Cash surrender value of life insurance	2,106	2,017
Deferred tax assets	522	221
Other	754	543
Other assets	$ 6,183	$ 6,012

Property and Equipment - Schedu

Property and Equipment - Schedule of Property and Equipment (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Jan. 01, 2017
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 147,099	$ 135,634
Less accumulated depreciation and amortization	(43,484)	(34,164)
Property and equipment, net	103,615	101,470
Land
Property Plant And Equipment [Line Items]
Property and equipment, gross	20,204	20,204
Buildings
Property Plant And Equipment [Line Items]
Property and equipment, gross	31,057	29,879
Leasehold Improvements
Property Plant And Equipment [Line Items]
Property and equipment, gross	58,233	48,978
Restaurant and Other Equipment
Property Plant And Equipment [Line Items]
Property and equipment, gross	32,036	26,893
Construction in Progress
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 5,569	$ 9,680

Property and Equipment - Additi

Property and Equipment - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Jan. 01, 2017	Jan. 03, 2016
Property Plant And Equipment [Line Items]
Depreciation expense	$ 10,287	$ 9,110	$ 8,523
Asset impairment charges	0	0	0
Other Operating Expenses
Property Plant And Equipment [Line Items]
Loss on disposition of assets	$ (147)	$ (251)	$ (256)

Goodwill and Indefinite Lived52

Goodwill and Indefinite Lived Intangible Assets - Schedule of Goodwill and Indefinite Lived Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Jan. 01, 2017
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill	$ 15,737	$ 15,737
Tradename	25,053	25,053
Liquor licenses	149	102
Intangible assets	$ 40,939	$ 40,892

Accrued Expenses and Other Cu53

Accrued Expenses and Other Current Liabilities - Schedule of Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Jan. 01, 2017
Payables And Accruals [Abstract]
Taxes, other than income taxes	$ 4,236	$ 4,093
Salaries, wages, vacation, and incentive compensation	2,995	2,954
Transaction costs	1,060
Other	2,454	2,439
Accrued expenses and other current liabilities	$ 10,745	$ 9,486

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Jan. 01, 2017
Debt Instrument [Line Items]
Total debt, Current	$ 9,000	$ 7,889
Total debt, Long-term	10,781	15,418
Less: Net deferred loan costs	(191)	(276)
Mortgage Loan LIBOR + 2.5% Payable Through 2020
Debt Instrument [Line Items]
Total debt, Current	1,667	1,667
Total debt, Long-term	6,250	7,916
Development Revolving Promissory Note LIBOR + 2.2% on a Floating Basis Payable Through 2020
Debt Instrument [Line Items]
Total debt, Current	4,000	4,000
Term Loan LIBOR + 2.2% on a Floating Basis Payable Through 2020
Debt Instrument [Line Items]
Total debt, Current	3,333	2,222
Total debt, Long-term	$ 4,722	$ 7,778

Debt - Schedule of Debt (Parent

Debt - Schedule of Debt (Parenthetical) (Details) - LIBOR	May 20, 2015	Dec. 31, 2017	Jan. 01, 2017
Term Loan LIBOR + 2.2% on a Floating Basis Payable Through 2020
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	2.20%	2.20%	2.20%
Debt instrument interest rate		3.64%	2.86%
Mortgage Loan LIBOR + 2.5% Payable Through 2020
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		2.50%	2.50%
Debt instrument interest rate		3.94%	3.25%
Development Revolving Promissory Note LIBOR + 2.2% on a Floating Basis Payable Through 2020
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		2.20%	2.20%
Debt instrument interest rate		3.64%	2.86%
Minimum [Member] | Mortgage Loan LIBOR + 2.5% Payable Through 2020
Debt Instrument [Line Items]
Debt instrument interest rate		3.25%	3.25%
Maximum | Mortgage Loan LIBOR + 2.5% Payable Through 2020
Debt Instrument [Line Items]
Debt instrument interest rate		6.25%	6.25%

Debt - Additional Information (

Debt - Additional Information (Details) $ in Thousands	Sep. 03, 2016USD ($)	May 20, 2015USD ($)	Dec. 15, 2014USD ($)	Dec. 09, 2014USD ($)	Sep. 03, 2013USD ($)Loan	Feb. 25, 2013USD ($)	Dec. 31, 2017USD ($)Location	Jan. 01, 2017USD ($)	Dec. 28, 2014USD ($)
Debt Instrument [Line Items]
Term loan repayment months, interest only		24 months
Term loan repayment period, amortization		36 months
Term loan		$ 10,000
Fixed charge coverage ratio							125.00%
Deferred loan costs							$ 465	$ 463
Accumulated amortization expense, net							$ 274	$ 187
LIBOR | Development Revolving Promissory Note LIBOR + 2.2% on a Floating Basis Payable Through 2020
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate							2.20%	2.20%
Maximum
Debt Instrument [Line Items]
Extraordinary or nonrecurring gains or losses including other expenses							$ 1,000
Maximum adjusted debt to EBITDAR							400.00%
Revolving Line of Credit
Debt Instrument [Line Items]
Line of credit facility	$ 1,000
Line of credit facility, expiration date	Sep. 3, 2019
Line of credit, outstanding							$ 0	$ 0
Revolving Line of Credit | Development Revolving Promissory Note LIBOR + 2.2% on a Floating Basis Payable Through 2020
Debt Instrument [Line Items]
Line of credit, outstanding							4,000	$ 4,000
Line of credit, remaining borrowing capacity							$ 17,000
Revolving Line of Credit | LIBOR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate					2.50%
Debt instrument, description of variable rate basis					an annual rate of 30 day LIBOR plus a margin equal to 2.50%
Revolving Line of Credit | Minimum [Member] | LIBOR
Debt Instrument [Line Items]
Debt instrument, interest rate, effective percentage					3.25%
Development Line of Credit
Debt Instrument [Line Items]
Line of credit facility, expiration period		5 years
Term Loan
Debt Instrument [Line Items]
Term loan		$ 10,000
Term Loan | LIBOR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		2.20%					2.20%	2.20%
Debt instrument, description of variable rate basis		Both the Development Line of Credit and the Term Loan bear interest at 30 day LIBOR plus 2.2% per annum.
Debt instrument, interest rate, effective percentage							3.64%	2.86%
Mortgage Loan
Debt Instrument [Line Items]
Long term loan							$ 7,917
Aggregate net book value of properties securing mortgage loan							$ 32,789
Mortgage Loan | LIBOR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate					2.50%
Debt instrument, description of variable rate basis					an annual rate of 30 day LIBOR plus a margin equal to 2.50%
Mortgage Loan | Minimum [Member] | LIBOR
Debt Instrument [Line Items]
Debt instrument interest rate							3.25%
Mortgage Loan | Maximum | LIBOR
Debt Instrument [Line Items]
Debt instrument interest rate							6.25%
Financial Institution
Debt Instrument [Line Items]
Term loan and revolving line of credit combined amount					$ 16,000
Number of loans under credit facility | Loan					2
Financial Institution | Revolving Line of Credit
Debt Instrument [Line Items]
Line of credit facility					$ 1,000
Line of credit facility, expiration period					3 years
Financial Institution | Secured Mortgage Loan
Debt Instrument [Line Items]
Long term loan					$ 15,000
Aggregate loan term					7 years
Financial Institution | Development Line of Credit
Debt Instrument [Line Items]
Line of credit facility				$ 15,000
Line of credit facility, expiration period				5 years
Net income in operation for at least 18 months							$ 40
Financial Institution | Term Loan
Debt Instrument [Line Items]
Long term loan		$ 10,000					$ 8,055
Aggregate loan term		5 years
Financial Institution | Loan Agreement | Development Line of Credit
Debt Instrument [Line Items]
Line of credit facility		$ 20,000
Line of credit facility, expiration period		5 years
FNF
Debt Instrument [Line Items]
Repayments of principal of note payable		$ 10,000	$ 10,000
Note payable due date						Jan. 31, 2016
Notes payable						$ 20,000			$ 10,000
Interest rate on note payable						12.50%
Repayments of note payable			14,569
Repayments of interest on note payable		$ 542	$ 4,569
J. Alexander’s
Debt Instrument [Line Items]
Number of locations in collateral package | Location							12

Debt - Aggregate Maturities of

Debt - Aggregate Maturities of Long Term Debt - Additional Information (Details) $ in Thousands	Dec. 31, 2017USD ($)
Debt Disclosure [Abstract]
2,018	$ 9,000
2,019	5,000
2,020	5,972
2,021	0
2,022	0
Thereafter	$ 0

Other Long Term Liabilities - S

Other Long Term Liabilities - Schedule of Other Long-Term Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Jan. 01, 2017
Other Liabilities Disclosure [Abstract]
Deferred rent	$ 6,094	$ 4,735
Unfavorable lease liabilities, net	347	563
Uncertain tax positions	15	257
Other long-term liabilities	$ 6,456	$ 5,555

Leases - Additional information

Leases - Additional information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Jan. 01, 2017	Jan. 03, 2016
Property Subject To Or Available For Operating Lease [Line Items]
Operating leases, rent expense	$ 7,814	$ 7,490	$ 6,934
Operating leases, contingent rent expense	0	0	0
Tenant improvement allowance	799	590
Discontinued Operations
Property Subject To Or Available For Operating Lease [Line Items]
Operating leases, rent expense	$ 266	$ 266	$ 266
Minimum [Member]
Property Subject To Or Available For Operating Lease [Line Items]
Term of leases	15 years
Rent renewal options	1 year
Maximum
Property Subject To Or Available For Operating Lease [Line Items]
Term of leases	20 years
Rent renewal options	5 years

Leases - Summarizes of Future M

Leases - Summarizes of Future Minimum Lease Payments under Operating Leases (Details) $ in Thousands	Dec. 31, 2017USD ($)
Leases [Abstract]
2,018	$ 7,774
2,019	6,937
2,020	5,902
2,021	4,721
2,022	3,710
2023 and thereafter	14,793
Total minimum lease payments	$ 43,837

Leases - Summarizes of Future61

Leases - Summarizes of Future Minimum Lease Payments under Operating Leases (Parenthetical) (Details) $ in Thousands	Dec. 31, 2017USD ($)
Leases [Abstract]
Minimum lease payments, receivable	$ 256

Income Taxes - Significant Comp

Income Taxes - Significant Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Jan. 01, 2017	Jan. 03, 2016
Current income taxes:
Federal	$ 264	$ 2,189	$ 946
State and local	743	774	359
Total current income taxes	1,007	2,963	1,305
Deferred income taxes:
Federal	(1,881)	(922)	217
State and local	(473)	21	33
Total deferred income taxes	(2,354)	(901)	250
Income tax expense (benefit)	$ (1,347)	$ 2,062	$ 1,555

Income Taxes - Summary of Effec

Income Taxes - Summary of Effective Tax Rate Differs from the Federal Statutory Rate (Details)	12 Months Ended
	Dec. 31, 2017	Jan. 01, 2017	Jan. 03, 2016
Income Tax Disclosure [Abstract]
Federal income tax	35.00%	35.00%	34.00%
Federal tax reform	(22.40%)
Effect of rates due to pass-through entities			(14.70%)
State income tax	6.40%	6.50%	6.90%
Transaction costs			2.00%
FICA tip credit	(32.80%)	(20.10%)	(6.90%)
Uncertain tax positions	(3.90%)	(0.10%)	(1.30%)
Return to provision	(4.50%)
Rate differential between current and deferred taxes	(1.70%)		2.50%
Incentive stock options	2.00%	0.90%
Other	(0.60%)	0.40%
Effective tax rate	(22.50%)	22.60%	22.50%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Jan. 01, 2017	Jan. 03, 2016
Income Taxes [Line Items]
Federal statutory tax rate		35.00%	35.00%	34.00%
Tax Cuts and Jobs Act of 2017, Income Tax Expense (Benefit)		$ (1,345)
Deferred tax assets valuation allowance		105	$ 68
State gross operating loss carryforwards		$ 3,570
State gross operating loss carryforwards, expiration dates		expiring in years 2027 through 2037
Federal gross operating loss carryforwards		$ 195
Federal gross operating loss carryforwards, expiration date		2,037
Liability (including interest) in connection with uncertain tax positions		$ 66	299
Accrued interest and penalties related to unrecognized tax benefits		3	$ 109
Unrecognized tax benefits that would impact effective tax rate		15
Decrease in unrecognized tax benefits with in next months		$ 15
Scenario, Forecast
Income Taxes [Line Items]
Federal statutory tax rate	21.00%

Income Taxes - Components of De

Income Taxes - Components of Deferred Income Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Jan. 01, 2017
Deferred tax assets:
Net operating loss carryforwards	$ 173	$ 182
Accrued bonuses	17	108
Stock options	159	97
State bonus depreciation	400	74
Other		8
Total deferred tax assets	749	469
Less: deferred tax assets valuation allowance	(105)	(68)
Total net deferred tax assets	644	401
Deferred tax liabilities:
Partnership differences	(2,119)	(4,211)
Other	(78)
Total deferred tax liabilities	(2,197)	(4,211)
Net deferred tax (liability)	$ (1,553)	$ (3,810)

Income Taxes - Schedule of Reco

Income Taxes - Schedule of Reconciliation of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Jan. 01, 2017
Income Tax Disclosure [Abstract]
Balance at the beginning of the year	$ 294	$ 228
Changes based on tax positions taken during prior years		66
Reductions related to settlements with taxing authorities and lapses of statutes of limitations	(214)
Balance at the end of the year	$ 80	$ 294

Share-based Compensation - Addi

Share-based Compensation - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Jan. 01, 2017	Jan. 03, 2016
Share Based Compensation [Abstract]
Equity-based compensation expense	$ 2,207	$ 2,996	$ 1,256

Share-based Compensation - Stoc

Share-based Compensation - Stock Option Awards - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Jan. 01, 2017	Jan. 03, 2016
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock options granted		553,750	467,000
Number of shares forfeited	5,000		30,000
2015 Equity Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Authorized common stock to be issued for equity awards	1,500,000
Stock options granted	0	553,750	467,000
Contractual term of stock options granted	7 years
Requisite service period	4 years
Vesting period, grants	4 years
Period of U.S. Treasury bond rate	5 years
Number of shares forfeited	5,000	0
Forfeiture rate			0.00%
Stock option exercisable	355,687	109,250	0
Shares available for future grant under plan	514,250	509,250	1,063,000
Unrecognized compensation cost	$ 1,743
Period of unrecognized compensation cost	2 years 10 months 6 days
Aggregate intrinsic value of stock options	$ 428	$ 1,163	$ 232
Options exercised	0	0
Intrinsic value of options exercisable	$ 107	$ 39
Fair value of stock options vested	751	364	0
2015 Equity Incentive Plan | General and Administrative Expense
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Compensation expense recognized	$ 747	$ 439	$ 72

Share-based Compensation - Assu

Share-based Compensation - Assumptions used to Estimate Fair Value of Awards under Black-Scholes-Merton Pricing Model (Details) - $ / shares	Jan. 01, 2015	Dec. 31, 2017	Jan. 01, 2017	Jan. 03, 2016
Management Profits Interest Plan | Common Class B Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Dividend yield	0.00%			0.00%
Volatility factor				35.00%
Risk-free interest rate				1.24%
Expected life of options (in years)				3 years 6 months
Weighted-average grant date fair value				$ 1.76
Member equity price per unit				10
Class B hurdle price				$ 11.30
Lack of marketability discount				23.00%
Black Knight Advisory Services Profits Interest Plan | Common Class B Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Dividend yield		0.00%
Volatility factor		38.00%
Risk-free interest rate		2.20%
Expected life of options (in years)		4 years 6 months
Weighted-average grant date fair value		$ 3.25
Member equity price per unit		9.70
Class B hurdle price		$ 10.07
Stock Option Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Dividend yield			0.00%	0.00%
Volatility factor			34.51%	35.00%
Risk-free interest rate			1.34%	1.36%
Expected life of options (in years)			4 years 9 months	4 years 9 months
Weighted-average grant date fair value			$ 2.82	$ 3.33

Share-based Compensation - Summ

Share-based Compensation - Summary of Stock Options under Equity Incentive Plan (Details) - $ / shares	12 Months Ended
	Dec. 31, 2017	Jan. 01, 2017	Jan. 03, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Number of shares outstanding, beginning balance	990,750	437,000
Number of shares, issued		553,750	467,000
Number of shares, forfeited	(5,000)		(30,000)
Number of shares outstanding, ending balance	985,750	990,750	437,000
Weighted average exercise price, beginning balance	$ 9.58	$ 10.39
Weighted average exercise price, issued		8.93	$ 10.39
Weighted average exercise price, forfeited	8.90		10.39
Weighted average exercise price, ending balance	$ 9.58	$ 9.58	$ 10.39

Share-based Compensation - Sche

Share-based Compensation - Schedule of Company's Non - Vested Stock Option Activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2017	Jan. 01, 2017	Jan. 03, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Non-vested stock options, Number of shares, Beginning balance	881,500
Number of shares, Granted		553,750	467,000
Number of shares, Vested	(246,437)
Number of shares, Forfeited	(5,000)
Non-vested stock options, Number of shares, Ending balance	630,063	881,500
Non-vested stock options, Weighted Average Grant Date Fair Value, Beginning Balance	$ 3.01
Weighted Average Grant Date Fair Value, Vested	3.05
Weighted Average Grant Date Fair Value, Forfeited	2.81
Non-vested stock options, Weighted Average Grant Date Fair Value, Ending Balance	$ 3	$ 3.01

Share-based Compensation - Sc72

Share-based Compensation - Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range (Details)	12 Months Ended
	Dec. 31, 2017$ / sharesshares
$ 8.90
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items]
Range of exercise prices, Upper range limit	$ 8.90
Number of options outstanding | shares	535,000
Options outstanding, Weighted average, Remaining Contractual life in years	5 years 10 months 6 days
Options outstanding, Weighted average, Exercise price	$ 8.90
Number of options exercisable | shares	133,750
Options exercisable, Weighted average, Remaining life in years	5 years 10 months 6 days
Options exercisable, Weighted average, Exercise price	$ 8.90
$ 10.24
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items]
Range of exercise prices, Upper range limit	$ 10.24
Number of options outstanding | shares	13,750
Options outstanding, Weighted average, Remaining Contractual life in years	5 years 3 months 25 days
Options outstanding, Weighted average, Exercise price	$ 10.24
Number of options exercisable | shares	3,437
Options exercisable, Weighted average, Remaining life in years	5 years 3 months 25 days
Options exercisable, Weighted average, Exercise price	$ 10.24
$ 10.39
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items]
Range of exercise prices, Upper range limit	$ 10.39
Number of options outstanding | shares	437,000
Options outstanding, Weighted average, Remaining Contractual life in years	4 years 9 months 10 days
Options outstanding, Weighted average, Exercise price	$ 10.39
Number of options exercisable | shares	218,500
Options exercisable, Weighted average, Remaining life in years	4 years 9 months 10 days
Options exercisable, Weighted average, Exercise price	$ 10.39
$8.90 - $10.39
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range [Line Items]
Range of exercise prices, Upper range limit	10.39
Range of exercise prices, Lower range limit	$ 8.90
Number of options outstanding | shares	985,750
Options outstanding, Weighted average, Remaining Contractual life in years	5 years 4 months 13 days
Options outstanding, Weighted average, Exercise price	$ 9.58
Number of options exercisable | shares	355,687
Options exercisable, Weighted average, Remaining life in years	5 years 2 months 8 days
Options exercisable, Weighted average, Exercise price	$ 9.83

Share-based Compensation - Mana

Share-based Compensation - Management Profits Interest Plan - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	Jan. 01, 2015	Dec. 31, 2017	Jan. 01, 2017	Jan. 03, 2016	Sep. 27, 2015
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting date		Jan. 1, 2018
Redemption value of outstanding management profits interest awards		$ 0
Management Profits Interest Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Adjusted grant date fair value		$ 1.87	$ 1.87
Management Profits Interest Plan | Common Class B Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares reserved for issuance	1,770,000
Common unit, issued	885,000
Hurdle rate management profits interest grant	$ 180,000
Post vesting holding period	6 months
Award vesting rights		Vested Class B Units may be exchanged for, at the Company’s option, either (i) cash in an amount equal to the amount that would be distributed to the holder of those Class B Units by J. Alexander’s Holdings, LLC upon a liquidation of J. Alexander’s Holdings, LLC assuming the aggregate amount to be distributed to all members of J. Alexander’s Holdings, LLC were equal to the Company’s market capitalization on the date of exchange, (net of any assets and liabilities of the Company that are not assets or liabilities of J. Alexander’s Holdings, LLC) or (ii) shares of the Company’s common stock with a fair market value equal to the cash payment under (i) above.
Dividend yield	0.00%			0.00%
Common unit, outstanding		833,346			885,000
Adjusted grant date fair value		$ 1.87
Compensation expense recognized		$ 518	$ 517	$ 523
Unrecognized compensation cost		0
Grant date fair value of management profits interest awards vested during the year		$ 0	$ 779	$ 0
Management Profits Interest Plan | Common Class B Units | Becoming Vested After Two Years [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting percentage, grants	50.00%
Management Profits Interest Plan | Common Class B Units | Vesting at the End of Third Year [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting percentage, grants	50.00%

Share-based Compensation - Su74

Share-based Compensation - Summary of Management Incentive Plan Activity (Details) - Management Profits Interest Plan	12 Months Ended
	Dec. 31, 2017$ / sharesshares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Units, Non-vested profits interest awards at January 1, 2017 | shares	416,673
Number of Units, Non-vested profits interest awards at December 31, 2017 | shares	416,673
Weighted Average Grant Date Fair Value, Non-vested profits interest awards at January 1, 2017 | $ / shares	$ 1.87
Weighted Average Grant Date Fair Value, Non-vested profits interest awards at December 31, 2017 | $ / shares	$ 1.87

Share-based Compensation - Blac

Share-based Compensation - Black Knight Advisory Services Profits Interest Plan - Additional Information (Details) - Common Class B Units - USD ($) $ / shares in Units, $ in Thousands	Oct. 06, 2015	Dec. 31, 2017	Jan. 01, 2017	Jan. 03, 2016
Black Knight Advisory Services, LLC
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common unit, issued		1,500,024	1,500,024	1,500,024
Intrinsic value		$ 0	$ 1,020	$ 1,275
Black Knight Advisory Services Profits Interest Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Dividend yield		0.00%
Black Knight Advisory Services Profits Interest Plan | Black Knight Advisory Services, LLC
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common unit, issued	1,500,024
Hurdle rate	$ 151,052
Weighted average closing price	$ 10.07
Award vesting rights		The awards vest at a rate of one-third of the Class B Units on each of the first, second and third anniversaries of the grant date and require a six-month holding period post vesting.
Post vesting holding period	6 months
Dividend yield	0.00%
Vesting Term	3 years
Compensation expense recognized		$ 942	2,039	661
Unrecognized compensation cost		$ 1,233
Period of unrecognized compensation cost		9 months
Weighted average fair value of units vested		$ 1,625	$ 2,170	$ 0

Share-based Compensation - Su76

Share-based Compensation - Summary of Black Knight Profits Interest Plan Activity (Details) - Black Knight Advisory Services Profits Interest Plan	12 Months Ended
	Dec. 31, 2017$ / sharesshares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Units, Non-vested profits interest awards at January 1, 2017 | shares	1,000,016
Number of Units, Vested | shares	(500,008)
Number of Units, Non-vested profits interest awards at December 31, 2017 | shares	500,008
Weighted Average Grant Date Fair Value, Non-vested profits interest awards at January 1, 2017 | $ / shares	$ 4.34
Weighted Average Grant Date Fair Value, Vested | $ / shares	3.25
Weighted Average Grant Date Fair Value, Non-vested profits interest awards at December 31, 2017 | $ / shares	$ 3.25

Other Employee Benefits - Addit

Other Employee Benefits - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Jan. 01, 2017	Jan. 03, 2016
Nonqualified Deferred Compensation Plan | Executive Officers and Certain Senior Managers
Other Employee Benefits Disclosure [Line Items]
Participant account balances	$ 668	$ 507
Deferred Compensation Plan | Executive Officers and Certain Other Members of Management
Other Employee Benefits Disclosure [Line Items]
Liability recorded under deferred compensation plan	5,782	5,503
Expense recognized under deferred compensation plan	$ 336	175	$ 72
Maximum | Nonqualified Deferred Compensation Plan | Executive Officers and Certain Senior Managers
Other Employee Benefits Disclosure [Line Items]
Maximum percentage of employee compensation contributable to the benefit plan	25.00%
401(k) Plan
Other Employee Benefits Disclosure [Line Items]
Description of Savings Incentive and Salary Deferral Plan under Section 401(k)	Under the Plan, qualifying employees can defer a portion of their income on a pretax basis through contributions to the Plan, subject to an annual statutory limit. All employees with at least 1,000 hours of service during the 12month period subsequent to their hire date, or any calendar year thereafter, and who are at least 21 years of age are eligible to participate. For each dollar of participant contributions, up to 3% of each participant’s salary, the Company makes a minimum 25% matching contribution to the Plan.
Minimum number of service hours required in plan during year to be eligible under plan	1000 hours
Employer matching contribution	$ 130	$ 115	$ 105
401(k) Plan | Minimum [Member]
Other Employee Benefits Disclosure [Line Items]
Employer matching contribution percentage	25.00%
401(k) Plan | Maximum
Other Employee Benefits Disclosure [Line Items]
Maximum percentage of employee compensation eligible for matching contribution by employer	3.00%

Other Employee Benefits - Rabbi

Other Employee Benefits - Rabbi Trust - Additional Information (Details) - Rabbi Trust - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Oct. 19, 2015
Schedule Of Rabbi Trust [Line Items]
Assets held in trust	$ 4,556	$ 4,304
Additional contribution by employer	63
Cash
Schedule Of Rabbi Trust [Line Items]
Assets held in trust		2,415
Cash Surrender Value - Life Insurance
Schedule Of Rabbi Trust [Line Items]
Assets held in trust	2,106	$ 1,889
Investments
Schedule Of Rabbi Trust [Line Items]
Assets held in trust	$ 2,450

Members' and Stockholders' Eq79

Members' and Stockholders' Equity - Additional Information (Details) - $ / shares	Dec. 31, 2017	Jan. 01, 2017	Sep. 29, 2015
Equity [Abstract]
Capital shares, authorized			40,000,000
Common stock, shares authorized	30,000,000	30,000,000	30,000,000
Common stock, par value	$ 0.001	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000	10,000,000
Preferred stock, par value	$ 0.001	$ 0.001	$ 0.001
Common stock, shares outstanding	14,695,176	14,695,176
Preferred stock, shares outstanding	0	0

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) $ in Thousands	Dec. 31, 2017USD ($)Lease
Commitments And Contingencies [Line Items]
Payments made to date relative to contingent leases	$ 0
Wendy Operations [Member]
Commitments And Contingencies [Line Items]
Number of secondarily liable leases | Lease	6
Estimated amount of secondarily liable lease payments due	$ 620
Wendy Operations [Member] | Minimum [Member]
Commitments And Contingencies [Line Items]
Remaining lease term	1 year
Wendy Operations [Member] | Maximum
Commitments And Contingencies [Line Items]
Remaining lease term	5 years
Winner Chicken and Biscuit Restaurant Operations [Member]
Commitments And Contingencies [Line Items]
Number of secondarily liable leases | Lease	1
Estimated amount of secondarily liable lease payments due	$ 65
Wendy's Southern California Restaurants [Member]
Commitments And Contingencies [Line Items]
Number of secondarily liable leases | Lease	3
Estimated amount of secondarily liable lease payments due	$ 200
Wendy's Southern California Restaurants [Member] | Minimum [Member]
Commitments And Contingencies [Line Items]
Remaining lease term	1 year
Wendy's Southern California Restaurants [Member] | Maximum
Commitments And Contingencies [Line Items]
Remaining lease term	5 years

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	Oct. 06, 2015	Oct. 05, 2015	May 20, 2015	Dec. 15, 2014	Feb. 25, 2013	Dec. 31, 2017	Jan. 01, 2017	Jan. 03, 2016
Related Party Transaction [Line Items]
Term loan			$ 10,000
FNF
Related Party Transaction [Line Items]
Notes payable			10,000		$ 20,000
Interest rate on note payable					12.50%
Note payable due date					Jan. 31, 2016
Repayments of note payable				$ 14,569
Repayments of principal of note payable			10,000	10,000
Repayments of interest on note payable			$ 542	$ 4,569
Interest expense						$ 0	$ 0	$ 493
Black Knight Advisory Services, LLC
Related Party Transaction [Line Items]
Annual fee as percentage of EBITDA						3.00%
Management consulting agreement, initial term						7 years
Management consulting agreement, renew period						1 year
Maximum term of management consulting agreement						tenth anniversary
Early Termination Payment Calculation						(i) the annual base fee for the most recent fiscal year and (ii) the difference between 10 and the number of years that have elapsed under the Management Consulting Agreement, provided that in the event of such a termination following a change of control event, the multiple of the annual base fee to be paid shall not exceed three.
Management fees and reimbursable out-of-pocket costs						$ 809	700	262
Profits interest expense						$ 942	$ 2,039	$ 661
Black Knight Advisory Services, LLC | Common Class B Units
Related Party Transaction [Line Items]
Common unit, outstanding	1,500,024					1,500,024
Profits interest grant hurdle rate	$ 151,052
Weighted average closing price	$ 10.07
Common stock trading period		5 days
Membership unit distribution date	Oct. 6, 2015
Management consulting agreement date							Sep. 28, 2015
Estimated valuation of grant						$ 4,876
Black Knight Advisory Services, LLC | Minimum [Member]
Related Party Transaction [Line Items]
Management consulting agreement, earlier termination, prior notice period management						6 months
Management consulting agreement, earlier termination, prior notice period						30 days
Black Knight Advisory Services, LLC | Maximum
Related Party Transaction [Line Items]
Management consulting agreement, termination period after a change of control						180 days
Black Knight Advisory Services, LLC | Maximum | Common Class B Units
Related Party Transaction [Line Items]
Exchange period upon termination of management consulting agreement						90 days

Non-controlling Interest - Addi

Non-controlling Interest - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Jan. 01, 2017	Jan. 03, 2016
Minority Interest [Line Items]
Non-controlling interests	$ 5,200	$ 3,740
Allocation of Net Income
Minority Interest [Line Items]
Income attributable to non controlling interest	$ 0	$ 0	$ 0

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) shares in Millions	Aug. 03, 2017shares
Common Class B Units | FNH and Cannae Holdings, LLC [Member] | 99 Restaurants, LLC [Member]
Subsequent Event [Line Items]
Number of shares to be issued under the merger agreement	16.3

Quarterly Results of Operatio84

Quarterly Results of Operations - Schedule of Quarterly Results of Operations (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Oct. 01, 2017	Jul. 02, 2017	Apr. 02, 2017	Jan. 01, 2017	Oct. 02, 2016	Jul. 03, 2016	Apr. 03, 2016	Dec. 31, 2017	Jan. 01, 2017	Jan. 03, 2016
Quarterly Financial Information Disclosure [Abstract]
Net sales	$ 61,338	$ 53,879	$ 58,216	$ 59,822	$ 57,323	$ 51,459	$ 53,921	$ 56,879	$ 233,255	$ 219,582	$ 217,914
Operating income (loss)	4,507	(1,392)	215	3,794	3,794	1,306	1,822	3,172	7,124	10,094	8,400
Income (loss) from continuing operations before income taxes	4,340	(1,597)	42	3,641	3,679	1,177	1,684	2,999	6,426	9,539	7,339
Net income (loss)	$ 5,340	$ (876)	$ 186	$ 2,684	$ 2,721	$ 945	$ 1,087	$ 2,290	$ 7,334	$ 7,043	$ 5,355
Basic earnings (loss) per share:
Income (loss) from continuing operations, net of tax	$ 0.37	$ (0.05)	$ 0.02	$ 0.19	$ 0.19	$ 0.07	$ 0.08	$ 0.16	$ 0.53	$ 0.50	$ 0.39
Loss from discontinued operations, net	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.03)	(0.03)	(0.03)
Basic earnings per share	0.36	(0.06)	0.01	0.18	0.19	0.06	0.07	0.15	0.50	0.48	0.36
Diluted earnings (loss) per share:
Income (loss) from continuing operations, net of tax	0.37	(0.05)	0.02	0.19	0.19	0.07	0.08	0.16	0.53	0.50	0.38
Loss from discontinued operations, net	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.03)	(0.03)	(0.03)
Diluted earnings per share	$ 0.36	$ (0.06)	$ 0.01	$ 0.18	$ 0.18	$ 0.06	$ 0.07	$ 0.15	$ 0.50	$ 0.47	$ 0.36