Habit Restaurants 10-K 1 Mar 18 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 26, 2017	Feb. 26, 2018	Jun. 27, 2017
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 26, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Trading Symbol	HABT
Entity Registrant Name	Habit Restaurants, Inc.
Entity Central Index Key	1,617,977
Current Fiscal Year End Date	--12-26
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Public Float			$ 317
Class A Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		20,446,471
Class B Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		5,578,616

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 26, 2017	Dec. 27, 2016
ASSETS
Cash and cash equivalents	$ 28,277	$ 44,192
Accounts receivable	8,278	5,145
Inventory	1,733	1,519
Prepaid expenses and other current assets	1,845	1,672
Total current assets	40,133	52,528
Property and equipment, net	139,956	102,857
Tradenames	12,500	12,500
Goodwill	9,967	9,967
Deposits and other assets, net	3,395	2,907
Deferred tax assets	86,173	149,607
Total long-term assets	251,991	277,838
Total assets	292,124	330,366
Liabilities
Accounts payable	12,976	9,734
Employee-related accruals	7,464	6,359
Accrued expenses	6,908	5,608
Income tax payable	153	167
Amounts payable to related parties under Tax Receivable Agreement, current portion	1,908	2,014
Sales taxes payable	2,750	2,314
Deferred rent, current portion	1,283	769
Deferred franchise income, current portion	160	170
Total current liabilities	33,602	27,135
Deferred rent, net of current portion	19,043	14,465
Deemed landlord financing	13,700	6,036
Deferred franchise income, net of current portion	1,331	1,250
Amounts payable to related parties under Tax Receivable Agreement, net of current portion	79,853	137,593
Total liabilities	147,529	186,479
Commitments and contingencies (Note 8)
Stockholders’ equity
Additional paid-in capital	113,475	110,056
Retained earnings	4,590	7,397
The Habit Restaurants, Inc. stockholders’ equity	118,325	117,713
Non-controlling interests	26,270	26,174
Total stockholders’ equity	144,595	143,887
Total liabilities and stockholders’ equity	292,124	330,366
Class A Common Stock [Member]
Stockholders’ equity
Common stock value	204	202
Total stockholders’ equity	204	202
Class B Common Stock [Member]
Stockholders’ equity
Common stock value	56	58
Total stockholders’ equity	$ 56	$ 58

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 26, 2017	Dec. 27, 2016	Dec. 29, 2015	Dec. 30, 2014
Common stock, shares authorized	140,000,000
Class A Common Stock [Member]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	70,000,000	70,000,000
Common stock, shares issued	20,378,452	20,178,937
Common stock, shares outstanding	20,378,452	20,178,937	13,759,754	8,974,550
Class B Common Stock [Member]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	70,000,000	70,000,000
Common stock, shares issued	5,646,572	5,821,122
Common stock, shares outstanding	5,646,572	5,821,122	12,241,482	17,028,204

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 26, 2017		Dec. 27, 2016		Dec. 29, 2015
Revenue	$ 331,698,000	[1]	$ 283,810,000	[1]	$ 230,602,000
Restaurant operating costs (excluding depreciation and amortization)
Food and paper cost	101,683,000		84,585,000		73,797,000
Labor and related expenses	110,785,000		92,588,000		70,784,000
Occupancy and other operating expenses	56,796,000		46,352,000		35,495,000
General and administrative expenses	32,559,000		28,849,000		23,308,000
Offering and exchange related expenses	494,000		674,000		1,721,000
Depreciation and amortization expense	18,761,000		14,880,000		11,312,000
Pre-opening costs	3,062,000		2,174,000		2,296,000
Loss on disposal of assets	81,000		128,000		114,000
Total operating expenses	324,221,000		270,230,000		218,827,000
Income from operations	7,477,000	[1]	13,580,000	[1]	11,775,000
Other (income) expense
Tax Receivable Agreement liability adjustment	(57,231,000)		0
Interest expense, net	588,000		634,000		451,000
Income before income taxes	64,120,000		12,946,000		11,324,000
Provision for income taxes	65,388,000		3,646,000		2,473,000
Net income (loss)	(1,268,000)	[1]	9,300,000	[1]	8,851,000
Less: net income attributable to non-controlling interests	(1,539,000)	[1]	(4,640,000)	[1]	(6,082,000)
Net income (loss) attributable to The Habit Restaurants, Inc.	$ (2,807,000)	[1]	$ 4,660,000	[1]	$ 2,769,000
Class A Common Stock [Member]
Net income (loss) attributable to The Habit Restaurants, Inc. per share Class A common stock:
Basic	$ (0.14)	[1]	$ 0.27	[1]	$ 0.22
Diluted	$ (0.14)	[1]	$ 0.27	[1]	$ 0.22
Weighted average shares of Class A common stock outstanding:
Basic	20,285,780		17,139,777		12,445,138
Diluted	20,285,780		17,148,466		12,451,962
[1]	Certain totals may not sum exactly due to rounding.

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total		Class A Common Stock [Member]	Class B Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings (deficit) [Member]	Non-controlling Interests [Member]
Stockholders' equity at Dec. 30, 2014	$ 116,957		$ 90	$ 170	$ 41,248	$ (32)	$ 75,481
Stockholders' equity, Shares at Dec. 30, 2014			8,974,550	17,028,204
Net income (loss)	8,851					2,769	6,082
Deferred tax assets	9,547				9,547
Tax distributions	(4,354)						(4,354)
Other distributions	(269)						(269)
Follow-on offering/ Exchanges			$ 48	$ (48)
Follow-on offering/ Exchanges, shares			4,785,204	(4,785,204)
Non-controlling interests adjustment					21,946		(21,946)
Forfeiture of Class B common stock				(1,518)
Stock-based compensation	1,200				386		814
Stockholders' equity at Dec. 29, 2015	131,932		$ 138	$ 122	73,127	2,737	55,808
Stockholders' equity, Shares at Dec. 29, 2015			13,759,754	12,241,482
Net income (loss)	9,300	[1]				4,660	4,640
Deferred tax assets	2,862				2,862
Tax distributions	(1,850)						(1,850)
Other distributions	(227)						(227)
Follow-on offering/ Exchanges			$ 64	$ (64)
Follow-on offering/ Exchanges, shares			6,408,650	(6,408,650)
Restricted stock units vested			10,533
Non-controlling interests adjustment					32,956		(32,956)
Forfeiture of Class B common stock				(11,710)
Stock-based compensation	1,870				1,111		759
Stockholders' equity at Dec. 27, 2016	143,887		$ 202	$ 58	110,056	7,397	26,174
Stockholders' equity, Shares at Dec. 27, 2016			20,178,937	5,821,122
Net income (loss)	(1,268)	[1]				(2,807)	1,539
Deferred tax assets	568				568
Tax distributions	(920)						(920)
Other distributions	(190)						(190)
Follow-on offering/ Exchanges			$ 2	$ (2)
Follow-on offering/ Exchanges, shares			169,216	(169,216)
Restricted stock units vested			30,299
Non-controlling interests adjustment					1,013		(1,013)
Forfeiture of Class B common stock				(5,334)
Stock-based compensation	2,518				1,838		680
Stockholders' equity at Dec. 26, 2017	$ 144,595		$ 204	$ 56	$ 113,475	$ 4,590	$ 26,270
Stockholders' equity, Shares at Dec. 26, 2017			20,378,452	5,646,572
[1]	Certain totals may not sum exactly due to rounding.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 26, 2017		Dec. 27, 2016		Dec. 29, 2015
Cash flows from operating activities:
Net income (loss)	$ (1,268,000)	[1]	$ 9,300,000	[1]	$ 8,851,000
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization expense	18,761,000		14,880,000		11,312,000
Amortization of financing fees	53,000		42,000		42,000
Stock-based compensation	2,518,000		1,870,000		1,200,000
Tax Receivable Agreement liability adjustment	(57,231,000)		0
Loss on disposal of assets	81,000		128,000		114,000
Deferred income taxes	65,388,000		3,645,000		2,463,000
Deferred rent	485,000		125,000		338,000
Changes in assets and liabilities:
Accounts receivable	1,484,000		1,856,000		1,983,000
Inventory	(214,000)		(396,000)		(214,000)
Prepaid expenses	(190,000)		(254,000)		(295,000)
Deposits and other assets	(276,000)		(561,000)		(978,000)
Accounts payable	1,517,000		490,000		1,823,000
Employee-related accruals	1,104,000		1,277,000		1,465,000
Accrued expenses	960,000		1,300,000		1,448,000
Income taxes payable	(1,000)		31,000		(103,000)
Sales taxes payable	436,000		270,000		411,000
Net cash provided by operating activities	33,607,000		34,003,000		29,860,000
Cash flows from investing activities:
Purchase of property and equipment	(46,037,000)		(32,649,000)		(27,659,000)
Proceeds on sale of assets	12,000
Net cash used in investing activities	(46,025,000)		(32,649,000)		(27,659,000)
Cash flows from financing activities:
Tax receivable agreement payments to related parties	(2,040,000)		(2,003,000)		(13,000)
Tax distributions to LLC members	(920,000)		(1,850,000)		(4,354,000)
Other distributions to LLC members	(190,000)		(227,000)		(269,000)
Payments on deemed landlord financing	(82,000)		(73,000)		(43,000)
Financing fees on long-term debt	(265,000)
Net cash used in financing activities	(3,497,000)		(4,153,000)		(4,679,000)
Net change in cash and cash equivalents	(15,915,000)		(2,799,000)		(2,478,000)
Cash and cash equivalents, beginning of period	44,192,000		46,991,000		49,469,000
Cash and cash equivalents, end of period	28,277,000		44,192,000		46,991,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid for interest	890,000		661,000		416,000
Cash paid for income taxes, net	1,000		(31,000)		103,000
NON-CASH FINANCING
Deemed landlord financing	7,746,000		3,672,000
Unpaid purchase of property and equipment	$ 4,063,000		$ 1,917,000		$ 1,907,000
[1]	Certain totals may not sum exactly due to rounding.

Nature of Operations and Basis

Nature of Operations and Basis of Presentation	12 Months Ended
	Dec. 26, 2017
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Nature of Operations and Basis of Presentation	Note 1—Nature of Operations and Basis of Presentation The consolidated financial statements of The Habit Restaurants, Inc. include the accounts of The Habit Restaurants, LLC and its subsidiaries (collectively the “Company”). All significant intercompany balances and transactions have been eliminated in consolidation. The Habit Restaurants, Inc. was formed as a Delaware corporation on July 24, 2014, as a holding company for the purposes of facilitating an initial public offering (the “IPO”) of shares of Class A common stock. The Company acquired, by merger, entities that were members of The Habit Restaurants, LLC. The Company accounted for the merger as a non-substantive transaction in a manner similar to a transaction between entities under common control pursuant to Accounting Standards Codification (“ASC”) ASC 805-50 Transactions between Entities under Common Control, During fiscal year 2017, 169,216 common units in The Habit Restaurants, LLC (“LLC Units”) were exchanged by the existing owners of The Habit Restaurants, LLC (the “Continuing LLC Owners”), and a corresponding number of shares of Class B common stock were then cancelled in connection with such exchanges, for shares of Class A common stock. In addition, during fiscal year 2017, 30,299 restricted stock units vested, 5,334 LLC Units were forfeited; and 5,334 shares of Class B common stock were then cancelled in connection with the forfeitures. As a result of these exchanges, vesting of restricted stock units and forfeitures, as of December 26, 2017, The Habit Restaurants, Inc. directly or indirectly held 20,378,452 LLC Units, representing a 78.3% economic interest in The Habit Restaurants, LLC, and continues to exercise exclusive control over the Habit Restaurants, LLC, as its sole managing member. In connection with the recapitalization and the Company’s IPO, The Habit Restaurants, LLC limited liability company agreement (the “LLC Agreement”) was amended and restated to, among other things, create a single new class of non-voting LLC Units. The existing owners of The Habit Restaurants, LLC continue to hold LLC Units, and such existing owners (other than The Habit Restaurants, Inc. and its wholly-owned subsidiaries) were issued a number of shares of our Class B common stock equal to the number of LLC Units held by them. These LLC Units continue to be subject to any vesting, forfeiture, repurchase or similar provisions pursuant to the Pre-IPO agreement. Each share of Class B common stock provides its holder with no economic rights but entitles the holder to one vote on matters presented to The Habit Restaurants, Inc.’s stockholders. Holders of Class A common stock and Class B common stock generally vote together as a single class on all matters presented to our stockholders for their vote or approval, except as otherwise required by applicable law. The Class B common stock is not publicly traded and does not entitle its holders to receive dividends or distributions upon a liquidation, dissolution or winding up of The Habit Restaurants, Inc. As the sole managing member of The Habit Restaurants, LLC, the Company has the right to determine when distributions will be made to the unit holders of The Habit Restaurants, LLC, and the amount of any such distributions (in each case subject to the requirements with respect to the tax distributions described below). If The Habit Restaurants, Inc. authorizes a distribution, such distribution will be made to the unit holders of The Habit Restaurants, LLC, including The Habit Restaurants, Inc., pro rata in accordance with their respective ownership of the LLC Units (other than, for clarity, certain non-pro rata distributions to the Company to satisfy certain of the Company’s obligations). Notwithstanding the foregoing, The Habit Restaurants, LLC bears the cost of or reimburses The Habit Restaurants, Inc. for certain expenses incurred by The Habit Restaurants, Inc. The Company also entered into a tax receivable agreement (“TRA”). The Habit Restaurants, LLC is treated by its members as a partnership for federal and applicable state income tax purposes and, as such, generally is not expected to be subject to income tax (except that it may be required to withhold and remit tax as a withholding agent). Instead, taxable income is allocated to holders of LLC Units, including the Company. Accordingly, the Company incurs income taxes on its allocable share of any net taxable income of The Habit Restaurants, LLC and also incurs expenses related to its operations. Pursuant to the LLC Agreement, The Habit Restaurants, LLC is required to make tax distributions to the holders of LLC Units, except that The Habit Restaurants, LLC’s ability to make such distributions may be subject to various limitations and restrictions, including the operating results of its subsidiaries, its cash requirements and financial condition, the applicable provisions of Delaware law that may limit the amount of funds available for distribution to its members, compliance by The Habit Restaurants, LLC and its subsidiaries with restrictions, covenants and financial ratios related to existing or future indebtedness, and other agreements entered into by The Habit Restaurants, LLC or its subsidiaries with third parties. In addition to tax expenses, The Habit Restaurants, Inc. incurs expenses related to its operations, plus payments under the TRA, which the Company expects will be significant. The Company intends to cause The Habit Restaurants, LLC to make distributions or, in the case of certain expenses, payments in an amount sufficient to allow The Habit Restaurants, Inc. to pay its taxes and operating expenses, including distributions to fund any ordinary course payments due under the TRA. Under the terms of the Company’s LLC Agreement, no member shall be obligated personally for any debt, obligation, or liability of the Company. The Company is headquartered in Irvine, California, and managed and operated 193 fast casual restaurants as “The Habit Burger Grill” in California, Arizona, Utah, New Jersey, Florida, Idaho, Virginia, Pennsylvania and Maryland and had a total workforce of 5,358 employees as of December 26, 2017. The restaurant’s menu includes charbroiled hamburgers, specialty sandwiches, fresh salads, shakes and malts. Additionally, with the formation of Franchise, the Company began franchising its restaurant concept. Franchise’s future operations are dependent upon the success of the Company’s restaurant concept. The Company has entered into three licensing and six franchise agreements through the period ended December 26, 2017. The Company has three licensed locations and 13 franchise locations as of December 26, 2017. The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The Company uses a 52 or 53 week fiscal year ending on the last Tuesday of the calendar year. In a 52-week fiscal year, each quarter includes 13 weeks of operations. In a 53-week fiscal year, the first, second and third quarters each include 13 weeks of operations and the fourth quarter includes 14 weeks of operations. Fiscal years 2017, 2016 and 2015, which ended on December 26, 2017, December 27, 2016 and December 29, 2015, respectively, were 52-week fiscal years.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 26, 2017
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2—Summary of Significant Accounting Policies Principles of consolidation —The accompanying consolidated financial statements include the accounts of the Company, The Habit Restaurants, LLC and Franchise. All significant intercompany balances and transactions have been eliminated in consolidation. The Company had no operations prior to the IPO, other than (i) those incident to its formation, (ii) the merger transactions resulting in it holding interests, indirectly through its wholly-owned subsidiaries, the principal assets of which are equity interests in The Habit Restaurants, LLC (such interests collectively representing, as of December 26, 2017, a less than 20% interest in The Habit Restaurants, LLC) and (iii) the preparation of the IPO registration statement. Use of estimates —The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Segment information —Management has determined that the Company has one reportable segment. Our chief operating decision maker (“CODM”) is our Chief Executive Officer; our CODM reviews financial performance and allocates resources at a consolidated level on a recurring basis. Cash and cash equivalents —For purposes of the statement of cash flows, the Company considers all highly liquid debt instruments purchased with an original maturity of ninety days or less to be cash equivalents. Accounts receivable —Accounts receivable consist of credit card receivables, amounts due from vendors and landlords, catering events and franchisees/licensees. Amounts are stated at the amounts management expects to collect from balances outstanding at fiscal year-end; accordingly, no allowance for doubtful accounts is required. If amounts become uncollectible, they will be charged to operations when that determination is made. Inventory —Inventory consists of food, beverage, and paper goods and is stated at the lower of average cost or net realizable value. Concentration of credit risk —Financial instruments, which potentially subject the Company to concentrations of credit risk, consist primarily of cash and cash equivalents. At December 26, 2017, the Company maintained approximately $7 million of its day-to-day operating cash balances with a major financial institution, of which $0.2 million represents restricted cash in an impound account for franchisees in the state of Washington. The remaining $21 million is invested with a major financial institution and consists entirely of U.S. Treasury instruments with a maturity of one month or less at the date of purchase. At December 26, 2017 and December 27, 2016 and at various times during the periods then ended, cash and cash equivalents balances were in excess of Federal Depository Insurance Corporation insured limits. While the Company monitors the cash balances in its operating accounts on a daily basis and adjusts the cash balances as appropriate, these cash balances could be impacted if the underlying financial institutions fail or are subject to other adverse conditions in the financial markets. To date, the Company has experienced no loss or lack of access to cash in its operating accounts. Purchasing concentration —The Company transitioned from a primary vendor arrangement with one distributor to four new distributors covering different markets in fiscal year 2017. One of those distributors accounted for 30% of purchases for the fiscal year 2017. This vendor represented approximately 59% of accounts payable at December 26, 2017. The previous vendor accounted for 46% of purchases and 74% of accounts payable for the year ended December 27, 2016. The Company believes there are other available alternatives to the current vendors; however, the philosophy of the Company is to concentrate its purchases over a limited number of distributors in order to maintain quality, consistency, delivery requirements and cost controls and to increase the distributor’s commitment to the Company. The Company relies upon, and expects to continue to rely upon, several single source suppliers; however, management believes sufficient alternative suppliers exist in the marketplace. Fair value measurements — The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable and all other current liabilities approximate fair values due to the short maturities of these instruments. Property and equipment —Property and equipment is generally carried at cost, less accumulated depreciation. Upon sale, retirement, or other disposition of these assets, the costs and related accumulated depreciation are removed from the respective accounts and any gain or loss on the disposition is included in our consolidated statement of operations. Depreciation on property and equipment is determined using the straight-line method over the assets’ estimated useful lives, ranging from three to 10 years. Leasehold improvements are amortized using the straight-line method over the shorter of the term of the lease, including reasonably assured extensions, or their estimated useful lives. Property where the Company is the deemed owner is depreciated over the 40 year life of the building. Maintenance and repairs are charged against income as incurred and additions, renewals, and improvements are capitalized. Smallwares which consist of pots, pans and other cooking utensils are carried at cost and any replacements are expensed when acquired. Goodwill —Goodwill represents the excess of the purchase price over the fair value of net assets acquired in business combinations and is allocated to the appropriate reporting unit when acquired. Under Accounting Standards Codification (“ASC”) 350, Intangibles—Goodwill and Other, goodwill and indefinite lived intangible assets are not amortized but tested for impairment at least annually or more frequently if events or changes in circumstances indicate that the asset might be impaired. For purposes of applying ASC 350, management has determined that the Company has one reporting unit for the analysis. Accordingly, the Company has not recorded any impairment charges related to goodwill. Tradenames —Tradenames acquired in a business combination and determined to have an indefinite useful life are not amortized because there is no foreseeable limit to the cash flows generated by the intangible asset, and have no legal, contractual, regulatory, economic or competitive limiting factors. Tradenames are evaluated for impairment annually and whenever events or changes in circumstances indicate that the value of the asset may be impaired. Accordingly, the Company has not recorded any impairment charges related to tradenames. Impairment of long-lived assets —The Company evaluates long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. If the estimated future cash flows (undiscounted and without interest charges) from the use of an asset are less than the carrying value, a write-down would be recorded to reduce the related assets to its estimated fair value. Fair value is generally based on an undiscounted cash flow analysis. Based on its review, the Company does not believe that any impairment of its long-lived assets has occurred and accordingly no such write-downs have been recorded. Deferred rent and tenant improvement allowances —Leases may contain rent holidays, or free rents, and rent escalations during the lease terms. Rental expense is recorded on a straight-line basis starting on the date the Company takes control of the related leased space. The difference between the average rental amount charged to expense and the amount payable under the lease is recorded as deferred rent. Lease expenses incurred prior to store openings are recognized on a straight-line basis and are included in pre-opening costs. From time to time, the Company may receive tenant improvement allowances from its lessors. These amounts are recorded as deferred rent and amortized as reductions of rent expense beginning when the Company takes control of the related leased space through the term of the lease. The amortization of the tenant incentives for the period prior to the restaurant opening is reported as a reduction of pre-opening rent expense in the consolidated statements of operations. For leases where the Company is considered to be the owner of the construction project and received tenant improvement allowances, the Company records these amounts received as a component of the deemed landlord financing liability. See Note 7. Asset Retirement Obligations (AROs) —The Company has AROs arising from contractual obligations under certain leases to perform certain asset retirement activities at the time that certain leasehold improvements are disposed of. At the inception of a lease with such conditions, the Company records an AROs liability and a corresponding capital asset in an amount equal to the estimated fair value of the obligation. The liability was initially measured at fair value and subsequently is adjusted for accretion expense and changes in the amount or timing of the estimated cash flows. The corresponding asset retirement costs are capitalized as part of the carrying amount of the related long-lived asset and depreciated over the asset’s remaining useful life. The Company’s AROs is $176,000 and $147,000 at December 26, 2017 and December 27, 2016, respectively. Revenue recognition —The Company recognizes revenue when products are delivered to the customers or meals are served. Revenue recognized excludes sales taxes. Franchise fee revenue —Franchise fee revenue consists of fees charged to franchise owners who enter into a franchise agreement with the Company. Amounts received from the sales of franchise licenses are deferred until all material contractual services or conditions relating to the sale of the franchise licenses have been substantially performed by the Company. The commencement of operations by the franchisee is presumed to be the earliest point at which substantial performance has occurred, unless it can be demonstrated that substantial performance of all franchisor obligations has occurred before that time. The fees collected by the Company upon signing a franchise agreement are deferred until operations have commenced. There was franchise fee revenue of $170,000, $125,000 and $100,000 recognized in fiscal years 2017, 2016 and 2015, respectively. Royalty revenue —Royalty revenue represents royalties earned from each of the franchisees in accordance with the financial disclosure document and the franchise agreement for use of the “The Habit Burger Grill” name, menus, processes, and procedures. The royalty rate in the franchise agreement is typically 5% of the gross sales of each restaurant operated by each franchisee. Such revenue is recognized when earned and is payable to the Company monthly before the sixth business day of the subsequent month. There was royalty revenue of $913,000, $551,000 and $197,000 recognized in fiscal years 2017, 2016 and 2015, respectively. Franchise area development fees —The Company receives area development fees from franchisees and licensees when they execute multi-unit area development agreements. The Company does not recognize revenue from the agreements until the related restaurants open or, in certain circumstances, the fees are applied to satisfy other obligations of the franchisee or licensee. There were franchise area development fees of $290,000, $220,000 and $20,000 recognized in fiscal years 2017, 2016 and 2015, respectively. Sales tax —Sales tax collected from customers and remitted to governmental authorities is accounted for on a net basis and therefore is excluded from net sales in the consolidated statements of operations. This obligation is included in sales taxes payable until the taxes are remitted to the appropriate taxing authorities. Gift certificates and gift cards —Revenue related to the sale of gift certificates and gift cards is deferred until the gift certificate or gift card is redeemed. Outstanding gift cards are tracked by a third-party administrator. The balance of unredeemed gift certificates and gift cards were $1,766,000 and $1,513,000 at December 26, 2017 and December 27, 2016, respectively, and are included in accrued expenses in the accompanying consolidated balance sheets. Gift certificates and gift cards do not carry an expiration date; therefore, customers can redeem their gift certificates and gift cards for products indefinitely and the Company does not deduct non-usage fees from outstanding gift card balances. A certain amount of gift certificates and gift cards will not be redeemed and may become breakage income or may need to be refunded to the various states. To date, the Company has not recognized breakage income of gift certificates and gift cards or refunded any amounts to the various states. Advertising costs —Advertising and promotional costs are expensed as incurred. Advertising and promotions expense totaled $3,242,000, $1,833,000 and $1,300,000 for the fiscal years ended December 26, 2017, December 27, 2016 and December 29, 2015, respectively, and is included in operating, pre-opening and general and administrative expenses in the consolidated statements of operations. Pre-opening costs —Pre-opening costs are costs incurred in connection with the hiring and training of personnel, as well as occupancy, which can include the amortization of deferred rent and tenant improvement allowances, and other operating expenses during the build-out period of new restaurant openings. Pre-opening costs are expensed as incurred. Income taxes —The Company records a tax provision for the anticipated tax consequences of the reported results of operations. The provision for income taxes is computed using the asset and liability method, under which deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax basis of assets and liabilities, and for operating losses and tax credit carryforwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates that apply to taxable income in effect for the years in which those tax assets are expected to be realized or settled. The Company may record a valuation allowance, if conditions are applicable, to reduce deferred tax assets to the amount that is believed more likely than not to be realized. The Company accounts for uncertain tax positions in accordance with ASC 740, Income Taxes. ASC 740 prescribes a recognition threshold and measurement process for accounting for uncertain tax positions and also provides guidance on various related matters such as derecognition, interest, penalties, and required disclosures. The Company has an uncertain tax liability of $152,000 at December 26, 2017. However, the Company continues to not recognize interest expense for uncertain tax positions for the year ended December 26, 2017 as the Company believes that the exposure would be immaterial from the financial reporting point of view. In the future, if an uncertain tax position arises, interest and penalties will be accrued and included on the provision for income taxes line of the Statements of Consolidated Income. The Company files tax returns in the U.S. federal and state jurisdictions. Generally, the Company is subject to examination by U.S. federal (or state and local) income tax authorities for three to four years from the filing of a tax return. The Company accounts for provisional amounts as allowed under Staff Accounting Bulletin No. 118 (SAB 118) for certain tax items related to the new tax legislation, commonly referred to as the Tax Cuts and Jobs Act, enacted on December 22, 2017. SAB 118 allows registrants to record provisional amounts during a one year “measurement period” similar to that used when accounting for business combinations. However, the measurement period is deemed to have ended earlier when the registrant has obtained, prepared and analyzed the information necessary to finalize its accounting. During the measurement period, impacts of the law are expected to be recorded at the time a reasonable estimate for all or a portion of the effects can be made, and provisional amounts can be recognized and adjusted as information becomes available, prepared or analyzed. The Company has determined a reasonable estimate related to the reduction in the U.S. corporate income tax rate to 21%, which resulted in the Company reporting additional income tax expense of $64,022,000 as a result of the Tax Cuts and Jobs Act. This increase in tax expense is comprised of $40,933,000 of deferred tax expense due to the remeasurement of deferred tax assets at the 21% tax rate, and $23,089,000 of additional tax expense related to the other income recognized from the change in the TRA liability as a result of the reduction in the corporate tax rate. The provisional amount could be impacted by the Company’s reassessment of 100% bonus depreciation for qualified assets placed in service after September 27, 2017 and the inclusion of commissions and performance based compensation in determining the excessive compensation limitation. A reasonable estimate cannot be made at this time with respect to the limitation on future entertainment and certain employee fringe benefits in accordance with the enactment of the Tax Cuts and Jobs Act. The Company requires additional time to analyze the impacts of the legislative change. The limitation could potentially change the timing of future TRA payments. Other significant provisions that are not yet effective but may impact income taxes in future years include: a limitation of net operating losses generated after fiscal 2017 to 80% of taxable income, 100% bonus depreciation for qualified assets, and limitation on entertainment and certain employee fringe benefits. Non-controlling Interest —The non-controlling interest on the consolidated statement of operations represents the portion of earnings or loss before income taxes attributable to the economic interest in the Company’s subsidiary, The Habit Restaurants, LLC, held by the non-controlling Continuing LLC Owners. Non-controlling interest on the consolidated balance sheet represents the portion of net assets of the Company attributable to the non-controlling Continuing LLC Owners, based on the portion of the LLC Units owned by such unit holders. As of December 26, 2017, the non-controlling interest was 21.7%. Management incentive plans —Prior to the completion of the Company’s IPO, the board of directors adopted The Habit Restaurants, Inc. 2014 Omnibus Incentive Plan. The provisions to this plan are detailed in Note 10-Management Incentive Plans. The Habit Restaurants, LLC maintained a management incentive plan that provided for the grant of Class C units. Class C units were intended to be “profits interests” for U.S. federal income tax purposes. The Class C units participated in distributions and, if vested, could have been converted to Class A units. Because of the ability of the Class C Unit-holder to convert his or her Class C units to Class A units, the Class C units were accounted for as equity classified awards. In conjunction with the Company’s IPO, all vested and unvested units issued under this plan were exchanged for Common Units of The Habit Restaurants, LLC. The unvested portion of the Common Units as of the effective date of the IPO, continue to vest over the remaining period. The Company measures stock-based compensation cost at the grant date based on the fair value of the award and recognizes it as expense, net of estimated forfeitures, over the vesting or service period, as applicable, of the award using the straight-line method. Comprehensive income —Comprehensive income is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances from non-owner sources. Comprehensive income is the same as net income for all periods presented. Therefore, a separate statement of comprehensive income is not included in the accompanying consolidated financial statements. Earnings per Share —Basic earnings per share (“basic EPS”) is computed by dividing net income attributable to the Habit Restaurants, Inc. by the weighted average number of shares outstanding for the reporting period. Diluted earnings per share (“diluted EPS”) gives effect during the reporting period to all dilutive potential shares outstanding resulting from employee stock-based awards. The following table sets forth the calculation of basic and diluted earnings per share for fiscal years 2017, 2016 and 2015: Fiscal Years Ended December 26, December 27, December 29, (amounts in thousands, except share and per share data) 2017 2016 2015 Numerator: Net income (loss) attributable to controlling and non-controlling interests $ (1,268 ) $ 9,300 $ 8,851 Less: net income attributable to non-controlling interests $ (1,539 ) $ (4,640 ) $ (6,082 ) Net income (loss) attributable to The Habit Restaurants, Inc. $ (2,807 ) $ 4,660 $ 2,769 Denominator: Weighted average shares of Class A common stock outstanding Basic 20,285,780 17,139,777 12,445,138 Diluted 20,285,780 17,148,466 12,451,962 Net income (loss) attributable to The Habit Restaurants, Inc. per share Class A common stock Basic $ (0.14 ) $ 0.27 $ 0.22 Diluted $ (0.14 ) $ 0.27 $ 0.22 Below is a reconciliation of basic and diluted share counts Basic 20,285,780 17,139,777 12,445,138 Dilutive effect of stock options and restricted stock units — 8,689 6,824 Diluted 20,285,780 17,148,466 12,451,962 Diluted earnings per share of Class A 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 using the treasury method, if dilutive. The Company’s Class B common stock represent voting interests and do not participate in the earnings of the Company. Accordingly, there is no earnings per share related to the Company’s Class B common stock. The Company’s LLC Units are considered common stock equivalents for this purpose. The number of additional shares of Class A common stock related to these common stock equivalents is calculated using the if-converted method. The potential impact of the exchange of the 5,646,572 LLC Units on the diluted EPS had no impact and were therefore excluded from the calculation. As of December 26, 2017, there were 2,525,275 options authorized under our 2014 Omnibus Incentive Plan of which 1,296,513, 670,111, and 230,113 had been granted as of December 26, 2017, December 27, 2016 and December 29, 2015, respectively. The number of dilutive shares of Class A common stock related to these options was calculated using the treasury stock method and 56,782, 1,070 and 757 shares have been excluded from the diluted EPS for fiscal years 2017, 2016 and 2015, respectively, because they were anti-dilutive. Recent Accounting Pronouncements — In February 2016, the Financial Accounting Standards Board ("FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02 Leases, which supersedes ASC 840 Leases and creates a new topic, ASC 842 Leases. This update requires lessees to recognize a lease liability and a right-of-use asset for all leases, including operating leases, with an expected term greater than 12 months on its balance sheet. The update also expands the required quantitative and qualitative disclosures surrounding leases. This update is effective for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years, with early adoption permitted. This update will be applied using a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The Company anticipates taking advantage of the practical expedient options which allows an entity to not reassess whether any existing or expired contracts contain leases, not reassess lease classifications for existing or expired leases, and an entity does not need to reassess initial direct costs for any existing leases. The Company’s operating lease obligations as of December 26, 2017 were approximately $253.3 million. The discounted minimum remaining operating lease obligations will be the starting point for determining the right-of-use asset and lease liability. The Company expects that adoption of the new guidance will have a material impact on its consolidated balance sheets due to recognition of the right-of-use asset and lease liability related to current operating leases. The Company is using their current lease software, which has been enhanced to account for ASC 842, and is continuing the process of validating occupancy information in preparation for retrospective reporting, disclosure and audit for this standard update on its consolidated financial statements. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers. This ASU is a comprehensive new revenue recognition model that requires a company to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. This update is effective for annual reporting periods beginning after December 15, 2017, with early adoption permitted. Accordingly, the Company will adopt this ASU on December 27, 2017. Companies may use either a full retrospective or a modified retrospective approach to adopt this ASU, the Company has decided to use the full retrospective method upon adoption. The Company has determined that the standard will not impact recognition of revenue from company-operated restaurants or royalty revenue from franchisees and licensees, but will have an impact on the recognition of initial franchise and license fees. The Company has evaluated this standard and has concluded the adoption of this standard on recognition of revenue from franchise and license agreements will result in a decrease in revenue of $0.3 million and $0.1 million for fiscal years ended December 26, 2017 and December 27, 2016, respectively, with a corresponding increase of deferred franchise income on the consolidated balance sheets, and a decrease in basic and diluted earnings per share of $0.02 and $0.01 for fiscal years ended December 26, 2017 and December 27, 2016, respectively. Recently Adopted Accounting Pronouncements — In May 2017, FASB issued ASU No. 2017-09, Compensation-Stock Compensation (Topic 718) – Scope of Modification Accounting. This update applies to entities that change the terms or conditions of a share-based payment award. This update will provide clarity and reduce (i) the diversity in practice and (ii) cost and complexity when applying the guidance in Topic 718, Compensation-Stock Compensation, to a change to the terms or conditions of a share-based payment award. This update is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2017 with early adoption permitted. This guidance should be applied prospectively to an award modified on or after that adoption date. The Company has early adopted this standard and determined there is no impact on its consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. To simplify the subsequent measurement of goodwill, the amendments eliminate Step 2 from the goodwill impairment test. Under the new guidance, the recognition of an impairment charge is calculated based on the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The guidance should be applied on a prospective basis, and is effective for annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company adopted this standard in the first quarter of fiscal year 2017 and there was no impact on its consolidated financial statements. In August 2016, the FASB issued ASU No. 2016-15, Classification of Certain Cash Receipts and Cash Payments (Topic 230). This update provides clarification regarding how certain cash receipts and cash payments are presented and classified in the statement of cash flows. This update addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice. This update is effective for annual and interim periods for fiscal years beginning after December 15, 2017. Early adoption is permitted. The update will be applied on a retrospective basis. The Company adopted this standard in the first quarter of fiscal year 2017 and there was no classification impact on its consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-09 Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. The amendments in this update simplify several aspects of the accounting for employee share-based payment transactions, including the accounting for income taxes, forfeitures and statutory tax withholding requirements, as well as classification in the statement of cash flows. This update is effective for fiscal years beginning after December 15, 2016. The Company adopted this guidance in the first quarter of fiscal year 2017 and it did not have a material effect on the Company’s consolidated financial statements.

Non-controlling Interests

Non-controlling Interests	12 Months Ended
	Dec. 26, 2017
Noncontrolling Interest [Abstract]
Non-controlling Interests	Note 3—Non-controlling Interests Pursuant to the LLC Agreement, the Continuing LLC Owners have the right to exchange their LLC Units, together with a corresponding number of shares of Class B common stock (which will be cancelled in connection with any such exchange) for, generally, at the option of the Company (such determination to be made by the disinterested members of our board of directors), (i) shares of our Class A common stock on a one-for-one basis, subject to customary conversion rate adjustments for stock splits, stock dividends and reclassifications or (ii) cash consideration. At any time that an effective registration statement is on file with the SEC with respect to the shares of Class A Common Stock to be issued upon an exchange, The Habit Restaurants, Inc. may not provide cash consideration upon an exchange to a Continuing LLC Owner without the Continuing LLC Owner’s prior consent. The Company amended its LLC Agreement in May 2016, pursuant to which the Company processed exchange requests every other week, rather than weekly, effective in June 2016. The Company further amended its LLC Agreement in March 2017, pursuant to which the Company processes exchange request monthly, effective in May 2017. The non-controlling interests represents the portion of earnings or loss attributable to the economic interest held by the non-controlling Continuing LLC Owners. Prior to the completion of the IPO, all earnings or losses were attributed to the Continuing LLC Owners. The non-controlling interests upon the completion of the IPO was 65.5%. Upon completion of the follow-on offering in April 2015, the non-controlling interests portion was 47.1%. The non-controlling interests portion changes as Continuing LLC Owners exchange their LLC Units, together with a corresponding number of shares of Class B common stock, for Class A common stock. The non-controlling interests on the consolidated balance sheet were adjusted to reflect the non-controlling interests portion as of December 26, 2017, which was 21.7%. The amounts of these changes are reflected in the consolidated statements of stockholders’ equity. The amount recorded in equity for fiscal year 2017 was $1.0 million. Net income attributable to non-controlling interests is calculated based on the non-controlling interests ownership percentage in effect at that time. The table below represents the weighted average non-controlling interests for the periods presented (dollar amounts in thousands): Fiscal Year Ended December 26, December 27, December 29, 2017 2016 2015 Income before income taxes and Tax Receivable Agreement liability adjustment (1) $ 6,921 $ 12,946 $ 11,324 Weighted average non-controlling interests ownership percentage 22.2 % 35.8 % 53.7 % Net income attributable to non-controlling interests $ 1,539 $ 4,640 $ 6,082 (1) Tax Receivable Agreement liability adjustment also includes interest expense related to payments made under the TRA. These amounts are included in the Tax Receivable Agreement liability adjustment and interest expense, net lines in the consolidated statements of operations.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 26, 2017
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 4—Fair Value Measurements Fair value measurements enable the reader of the financial statements to assess the inputs used to develop those measurements by establishing a hierarchy for ranking the quality and reliability of the information used to determine fair values. The Company classifies and discloses assets and liabilities carried at fair value in one of the following three categories: Level 1: Quoted market prices in active markets for identical assets or liabilities. Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data. Level 3: Unobservable inputs that are not corroborated by market data. The fair values of the Company’s investments in marketable securities are based on quoted prices in active markets for identical assets. The fair value of the investments in marketable securities at December 26, 2017 and December 27, 2016 was approximately $21 million and $32 million, respectively, and the Company classified such investments as Level 1. These investments consist entirely of U.S. Treasury instruments with a maturity of three months or less at the date of purchase and the interest income received from these instruments is included in interest expense, net in the consolidated statements of operations. These amounts are included in cash and cash equivalents in the accompanying consolidated balance sheets.

Property and Equipment, net

Property and Equipment, net	12 Months Ended
	Dec. 26, 2017
Property Plant And Equipment [Abstract]
Property and Equipment, net	Note 5—Property and Equipment, net Property and equipment consists of the following: (amounts in thousands) Fiscal Year Ended December 26, December 27, 2017 2016 Leasehold improvements $ 96,318 $ 73,112 Equipment 53,563 39,132 Furniture and fixtures 24,702 21,056 Buildings under deemed landlord financing 13,966 6,221 Smallwares 1,899 1,483 Vehicles 2,209 1,669 Construction in progress 13,700 8,863 206,357 151,536 Less: Accumulated depreciation and amortization (66,401 ) (48,679 ) $ 139,956 $ 102,857 Depreciation expense was $18,761,000, $14,880,000 and $11,312,000 for the years ended December 26, 2017, December 27, 2016 and December 29, 2015, respectively. As a result of the application of build-to-suit lease guidance contained in ASC 840-40-55, the Company has determined that it is the accounting owner of a total of 25 buildings and 14 buildings under deemed landlord financing as of December 26, 2017 and December 27, 2016, respectively, and are included in the Company’s property and equipment. Included in the buildings under deemed landlord financing is the estimated construction costs of the landlord for the shell building. See Note 8—Commitments and Contingencies for additional information. We capitalize internal payroll, payroll related and other costs directly related to the successful development, design and construction of our new restaurants. Capitalized internal payroll and other costs related to the new restaurants were $2.0 million, $1.5 million and $1.3 million for the years ended December 26, 2017, December 27, 2016 and December 29, 2015, respectively.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 26, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Note 6—Income Taxes Effects of the Tax Cuts and Jobs Act New tax legislation, commonly referred to as the Tax Cuts and Jobs Act, was enacted on December 22, 2017. ASC 740, Accounting for Income Taxes, requires companies to recognize the effect of tax law changes in the period of enactment even though the effective date for most provisions is for tax years beginning after December 31, 2017, or in the case of certain other provisions, January 1, 2018. In the case of The Habit Restaurants, Inc. a 52/53 week filer, the taxable year is deemed to begin on the first day of the calendar month nearest to the first day of the 52/53 week taxable year, and is deemed to end or close on the last day of the calendar month nearest to the last day of the 52/53 week taxable year. As such, January 1, 2018 would be the first day of the taxable year for purposes of applying the effective date of the new tax legislation for provisions which are applicable to tax years beginning after December 31, 2017. New tax legislation provisions that are applicable for the tax year ended December 31, 2017 have been accounted for within the current period ended December 26, 2017. Given the significance of the legislation, the SEC staff issued Staff Accounting Bulletin No. 118 (SAB 118), which allows registrants to record provisional amounts during a one year “measurement period” similar to that used when accounting for business combinations. However, the measurement period is deemed to have ended earlier when the registrant has obtained, prepared and analyzed the information necessary to finalize its accounting. During the measurement period, impacts of the law are expected to be recorded at the time a reasonable estimate for all or a portion of the effects can be made, and provisional amounts can be recognized and adjusted as information becomes available, prepared or analyzed. SAB 118 summarizes a three-step process to be applied at each reporting period to account for and qualitatively disclose: (1) the effects of the change in tax law for which accounting is complete; (2) provisional amounts (or adjustments to provisional amounts) for the effects of the tax law where accounting is not complete, but that a reasonable estimate has been determined; and (3) a reasonable estimate cannot yet be made and therefore taxes are reflected in accordance with law prior to the enactment of the Tax Cuts and Jobs Act. The Company has determined a reasonable estimate related to the reduction in the U.S. corporate income tax rate to 21%, which resulted in the Company reporting additional income tax expense of $64,022,000 as a result of the Tax Cuts and Jobs Act. This increase in tax expense is comprised of $40,933,000 of deferred tax expense due to the remeasurement of deferred tax assets at the 21% tax rate, and $23,089,000 of additional tax expense related to the other income recognized from the change in the TRA liability as a result of the reduction in the corporate tax rate. The Company has also determined the impact of the new 21% rate to the tax receivable agreement liability as discussed below under Tax Receivable Agreement. The provisional amount could be impacted by the Company’s assessment of 100% bonus depreciation for qualified assets placed in service after September 27, 2017 and the inclusion of commissions and performance based compensation in determining the excessive compensation limitation. A reasonable estimate cannot yet be made with respect to the limitation on future entertainment and certain employee fringe benefits in accordance with the enactment of the Tax Cuts and Jobs Act. The Company requires additional time to analyze the impacts of the legislative change. The limitation could potentially change the timing of future TRA payments. Other significant provisions that are not yet effective but may impact income taxes in future years include: a limitation of net operating losses generated after fiscal 2017 to 80% of taxable income, 100% bonus depreciation for qualified assets, and limitation on entertainment and certain employee fringe benefits. Income before the provision for income taxes as shown in the accompanying consolidated statements of operations is all domestic and is as follows (in thousands): Fiscal Year Ended 2017 2016 2015 Income before provision for income taxes $ 64,120 $ 12,946 $ 11,324 Components of the provision for income taxes consist of the following (in thousands): Fiscal Year Ended 2017 2016 2015 Current Federal $ — $ — $ — State and local 8 7 10 Total current expense $ 8 $ 7 $ 10 Deferred expense Federal $ 58,778 $ 3,019 $ 1,919 State and local 6,602 620 544 Total deferred expense $ 65,380 $ 3,639 $ 2,463 Provision for income taxes $ 65,388 $ 3,646 $ 2,473 Prior to July 24, 2014, The Habit Restaurants, LLC had not been subject to U.S federal income taxes as it is organized as a limited liability company, and is treated as a partnership for federal and state income tax purposes. As a result of the recapitalization, IPO, April follow-on offering and exchanges, the portion of The Habit Restaurants, LLC’s income attributable to The Habit Restaurants Inc. is subject to U.S federal, state and local income taxes and is taxed at the prevailing corporate tax rates. The Habit Restaurants, Inc. and its corporate subsidiaries will file its federal income tax return on a consolidated basis. A reconciliation of the U.S. statutory income tax rate to The Habit Restaurants, Inc. effective tax rate is as follows: Fiscal Year Ended 2017 2016 2015 U.S. statutory tax rate 35.0 % 34.0 % 34.0 % State and local taxes, net of federal effect 4.8 % 4.7 % 3.2 % Permanent differences 0.4 % 2.8 % 2.5 % Remeasurement of deferred tax assets in connection with federal rate changes (6.8 )% — — Remeasurement of deferred tax assets in connection with state rate changes 5.7 % — — Hiring credits (0.1 )% (1.0 )% — Remeasurement of deferred tax assets in connection with the enactment of the Tax Cuts and Jobs Act 75.5 % — — Remeasurement of liabilities under Tax Receivable Agreement with the enactment of the Tax Cuts and Jobs Act (11.7 )% — — Income passed through to non-controlling interests (0.8 )% (12.3 )% (17.9 )% Effective tax rate 102.0 % 28.2 % 21.8 % During the quarter ended September 26, 2017, the Company had remeasured its deferred tax assets and liabilities based upon the enacted tax rates expected to apply to taxable income when the assets and liabilities were expected to be recovered or settled. The net impact of the remeasurement resulted in a reduction from federal of 6.8% and an increase of 5.7% from state. The effective tax rate also includes a 63.8% increase related to the remeasurement of the Company’s deferred tax asset as of December 22, 2017, the enactment date of the new tax legislation, commonly referred to as the Tax Cuts and Jobs Act which reduced the U.S. corporate income tax rate to 21%. The impact of the remeasurement of the deferred tax assets from 35% to 21% does not have a cash flow impact on the Company’s 2018 earnings. The Company has made reasonable estimates based upon SAB 118 guidance as further discussed above in the Effects of Tax Cuts and Jobs Acts. The effective tax rate also includes a rate benefit attributable to the fact that The Habit Restaurants, LLC operates as a limited liability company that is treated as a partnership for federal and state income tax purposes and is not itself subject to federal and state income tax. Accordingly, the portion of The Habit Restaurants, LLC earnings attributable to the non-controlling interest are subject to tax when reported as a component of the non-controlling interests’ taxable income. The effective tax rate would reflect a rate of 42.5%, 41.2% and 43.2% for fiscal years ended December 26, 2017, December 27, 2016 and December 29, 2015, respectively, if all of the income was taxed at The Habit Restaurants, Inc. and the impact of transaction costs, discrete items, reduced corporate tax rate due to tax law change and the non-controlling interests was disregarded. Deferred income taxes are provided for the effects of temporary differences between the tax basis of an asset or liability and its reported amount in the accompanying consolidated balance sheets. These temporary differences result in taxable or deductible amounts in future years. Details of The Habit Restaurants, Inc. deferred tax assets and liabilities are summarized as follows (in thousands): Fiscal Year Ended December 26, 2017 December 27, 2016 Deferred tax assets Deferred income $ 2,689 $ 2,934 Deferred rent 1,537 1,649 Tax Receivable Agreement - imputed interest 4,853 11,075 Tax goodwill and intangibles 75,765 137,548 Net operating losses 7,487 5,592 Other 2,606 2,401 Total deferred tax assets 94,937 161,199 Deferred tax liabilities Property and equipment (8,096 ) (10,641 ) Prepaids (155 ) (178 ) Other (513 ) (773 ) Total deferred tax liabilities (8,764 ) (11,592 ) Net deferred tax assets $ 86,173 $ 149,607 The net decrease in deferred tax assets was primarily due to a reduction in the U.S. corporate income tax rate partially offset by an increase in the tax basis of certain assets resulting from The Habit Restaurants, Inc.’s investment in The Habit Restaurants, LLC. The Habit Restaurants, Inc.’s acquisitions of interests in The Habit Restaurants, LLC (including transactions treated as “sales or exchanges” for U.S. federal income tax purposes) from the Continuing LLC Owners for shares of our Class A common stock or cash resulted in favorable tax attributes for The Habit Restaurants, Inc. In connection with the IPO, we entered into a TRA. Under the TRA, we generally will be required to pay to the Continuing LLC Owners 85% of the amount of cash savings, if any, in U.S. federal, state or local tax that we actually realize directly or indirectly (or are deemed to realize in certain circumstances) as a result of (i) certain tax attributes created as a result of the IPO and any sales or exchanges (as determined for U.S. federal income tax purposes) to or with us of their interests in The Habit Restaurants, LLC for shares of our Class A common stock or cash, including any basis adjustment relating to the assets of The Habit Restaurants, LLC and (ii) tax benefits attributable to payments made under the TRA (including imputed interest). The Habit Restaurants, Inc. generally will retain 15% of the applicable tax savings. The tax effects of the increase in tax attributes that were created as a result of the secondary offering and the exchanges are included in the table of deferred tax assets and liabilities. The amount payable to the Continuing LLC Owners under the TRA is disclosed on the accompanying consolidated balance sheets. Net deferred tax assets are also recorded related to differences between the financial reporting basis and the tax basis of The Habit Restaurants, Inc.’s proportionate share of the net assets of The Habit Restaurants, LLC. Based on the Company’s historical taxable income and its expected future earnings, management evaluates the uncertainty associated with booking tax benefits and determined that the deferred tax assets are more likely than not to be realized, including evaluation of deferred tax liabilities and the expectation of future taxable income. As of December 26, 2017, the Company had federal, California and other state net operating loss carry forwards of $29,211,000, $17,717,000, and $3,437,000, respectively. The federal net operating loss carry forwards will begin to expire in 2032 and the California and other states net operating loss carry forwards will begin to expire in 2036. Included in the balance of unrecognized tax benefits as of December 26, 2017 and December 27, 2016 are $152,000 and $167,000, respectively, of tax benefits, which if recognized, would affect the effective tax rate. The change in the balance of unrecognized tax benefits for fiscal year 2017 was due to statue expiration. The Habit Restaurants, Inc. recognizes interest and penalties, if any, related to unrecognized tax positions in the provision for income taxes in the accompanying consolidated statement of operations. No interest or penalties were accrued as of December 26, 2017 and December 27, 2016 as the Company believes the amounts would be immaterial. The Habit Restaurants, Inc. does not anticipate that the unrecognized tax benefits will significantly increase or decrease within the next twelve months of the reporting date. The Company and its subsidiaries file, or will file, income tax returns in the U.S. federal jurisdiction and various state jurisdictions. The Habit Restaurants, Inc. will file its Federal income tax return by October 15, 2018. The Habit Restaurants, LLC is not subject to federal income taxes as it is a flow-through entity. With respect to U.S. federal and state and local jurisdictions, the Company and its subsidiaries are typically subject to examination for three to four years after filing of a tax return. Tax Receivable Agreement In connection with the IPO that occurred in fiscal year 2014, the Company entered into a TRA. Under the TRA, the Company generally will be required to pay to the Continuing LLC Owners 85% of the amount of cash savings, if any, in U.S. federal, state or local tax that the Company actually realizes directly or indirectly (or are deemed to realize in certain circumstances) as a result of (i) certain tax attributes created as a result of the IPO and any sales or exchanges (as determined for U.S. federal income tax purposes) to or with the Company of their interests in The Habit Restaurants, LLC for shares of our Class A common stock or cash, including any basis adjustment relating to the assets of The Habit Restaurants, LLC and (ii) tax benefits attributable to payments made under the TRA (including imputed interest). The Habit Restaurants, Inc. generally will retain 15% of the applicable tax savings. The amount payable to the Continuing LLC Owners under the TRA is disclosed in the accompanying consolidated balance sheets. In addition, the TRA provides for interest, at a rate equal to one year LIBOR, accrued from the due date (without extensions) of the corresponding tax return to the date of payment specified by the TRA. To the extent that the Company is unable to timely make payments under the TRA for any reason, such payments will be deferred and will accrue interest at a rate equal to one year LIBOR plus 200 basis points until paid (although a rate equal to one year LIBOR will apply if the inability to make payments under the TRA is due to limitations imposed on the Company or any of our subsidiaries by a debt agreement in effect on the date of the IPO). The Company’s ability to make payments under the TRA and to pay its tax liabilities to taxing authorities generally will depend on our receipt of cash distributions from The Habit Restaurants, LLC. Pursuant to the LLC Agreement, the Continuing LLC Owners have the right to exchange their LLC Units, together with a corresponding number of shares of Class B common stock (which will be cancelled in connection with any such exchange) for, at the option of The Habit Restaurants, Inc. (such determination to be made by the disinterested members of our board of directors), (i) shares of our Class A common stock on a one-for-one basis, subject to customary conversion rate adjustments for stock splits, stock dividends and reclassifications or (ii) cash consideration (generally calculated based on the volume-weighted average price of the Class A common stock of The Habit Restaurants, Inc., as displayed under the heading Bloomberg VWAP on the Bloomberg page designated for the Class A common stock of The Habit Restaurants, Inc. for the 15 trading days immediately prior to the delivery date of a notice of exchange). At any time that an effective registration statement is on file with the SEC with respect to the shares of Class A common stock to be issued upon an exchange, The Habit Restaurants, Inc. may not provide cash consideration upon an exchange to a Continuing LLC Owner without the Continuing LLC Owner’s prior consent. These exchanges are expected to result in increases in the tax basis of the assets of The Habit Restaurants, LLC that otherwise would not have been available. Increases in tax basis resulting from such exchanges may reduce the amount of tax that The Habit Restaurants, Inc. would otherwise be required to pay in the future. This tax basis may also decrease gains (or increase losses) on future dispositions of certain assets to the extent tax basis is allocated to those assets. If the IRS or a state or local taxing authority challenges the tax basis adjustments that give rise to payments under the TRA and the tax basis adjustments are subsequently disallowed, the recipients of payments under the agreement will not reimburse any payments the Company previously made to them. Any such disallowance would be taken into account in determining future payments under the TRA and would, therefore, reduce the amount of any such future payments. Nevertheless, if the claimed tax benefits from the tax basis adjustments are disallowed, the Company’s payments under the TRA could exceed its actual tax savings, and the Company may not be able to recoup payments under the TRA that were calculated on the assumption that the disallowed tax savings were available. The TRA provides that (i) in the event that the Company materially breaches the TRA, (ii) if, at any time, the Company elects an early termination of the TRA, or (iii) upon certain mergers, asset sales, other forms of business combinations or other changes of control, the Company’s (or our successor’s) obligations under the TRA (with respect to all LLC Units, whether or not LLC Units have been exchanged or acquired before or after such transaction) would accelerate and become payable in a lump sum amount equal to the present value of the anticipated future tax benefits calculated based on certain assumptions, including that the Company would have sufficient taxable income to fully utilize the deductions arising from the tax deductions, tax basis and other tax attributes subject to the TRA. The Company’s payment obligations under the TRA with respect to interests in The Habit Restaurants, LLC treated as sold for U.S. federal income tax purposes to the Company in connection with the IPO are calculated based on the IPO price of our Class A common stock net of underwriting discounts. As a result of the foregoing, (i) the Company could be required to make payments under the TRA that are greater than or less than the specified percentage of the actual tax savings the Company realizes in respect of the tax attributes subject to the agreements and (ii) the Company may be required to make an immediate lump sum payment equal to the present value of the anticipated future tax savings, which payment may be made years in advance of the actual realization of such future benefits, if any of such benefits are ever realized. In these situations, the Company’s obligations under the TRA could have a substantial negative impact on its liquidity and could have the effect of delaying, deferring or preventing certain mergers, asset sales, other forms of business combinations or other changes of control. There can be no assurance that the Company will be able to finance its obligations under the TRA in a manner that does not adversely affect its working capital and growth requirements. Payments under the TRA are intended to be treated as additional consideration for the applicable interests in The Habit Restaurants, LLC treated as sold or exchanged (as determined for U.S. federal income tax purposes) to or with the Company, except with respect to certain actual or imputed interest amounts payable under the TRA. In December 2017, the Company made TRA payments, including accrued interest, of $2,040,000 to related parties. As of December 26, 2017, the Company recorded a liability of $81,761,000, representing the payments due to the Continuing LLC Owners under the TRA. The decrease in the TRA liability during the fiscal year ended December 26, 2017 is primarily due to a decrease in the U.S. corporate income tax rate to 21% starting in 2018. As part of the TRA, there are adjustments associated with revisions to the expected TRA liability as a result of updated estimated future tax savings at the federal, state and local level. The amounts of these adjustments resulted in other income of $57,231,000 for fiscal year 2017 and are reflected in the consolidated statements of operations. This adjustment is primarily attributed to the new U.S. corporate income tax rate effective in 2018 under the Tax Cuts and Jobs Act. The change in effective tax rate is expected to impact future cash flows of the Company as the amount of realized tax savings will be lower than previous years. There was no TRA adjustment in the prior year. In addition, from time to time we may have adjustments to deferred tax assets as a result of changes in the tax basis associated with the TRA. The amounts of these changes are reflected in the consolidated statements of stockholders’ equity. The amount recorded in equity for fiscal year 2017 due to changes of the deferred tax assets associated with the tax basis increase was $0.6 million. Payments are due under the TRA for a given year if the Company has a net realized tax benefit. The realized tax benefit is intended to measure the decrease or increase in the actual tax liability of the Company attributable to the tax benefits defined in the TRA (i.e., basis adjustments and imputed interest), using a “with and without” methodology. Payments are anticipated to be made under the TRA for approximately 20-25 years, with a payment due after the filing of the Company’s federal income tax return, which is due on October 15th of any given year (including extensions). The payments are to be made in accordance with the terms of the TRA. The Company shall pay or cause to be paid within five business days after the obligations became due (i.e. payable within 95-125 calendar days after the due date of the federal income tax return (taking into account valid extensions) dependent upon the type of holder of the TRA). The timing of the payments are subject to certain contingencies including whether the Company will have sufficient taxable income to utilize all of the tax benefits defined in the TRA. Obligations pursuant to the TRA are obligations of the Company. They do not impact the non-controlling interest. These obligations are not income tax obligations and have no impact on the tax provision or the allocation of taxes.

Long-Term Debt

Long-Term Debt	12 Months Ended
	Dec. 26, 2017
Debt Disclosure [Abstract]
Long-Term Debt	Note 7—Long-Term Debt On August 2, 2017, The Habit Restaurants, LLC executed a $20,000,000 credit facility with Bank of the West (the “Credit Facility”) that matures on August 2, 2019. All borrowings under the Credit Facility will bear interest at a variable rate based upon LIBOR plus the applicable margin for LIBOR loans (as defined in the Credit Facility). The Credit Facility has no unused commitment fees. The Company incurred $265,000 in deferred financing fees related to the Credit Facility that will be amortized over the length of the agreement. That amortization expense is included in interest expense, net on the accompanying consolidated statements of operations. As of December 26, 2017, The Habit Restaurants, LLC had no borrowings outstanding against the Credit Facility. Interest related to the Credit Facility and principal payments, if applicable, are due monthly Interest expense for the Credit Facility and prior credit facilities amounted to $102,000, $130,000 and $130,000 for fiscal year ended December 26, 2017, December 27, 2016 and December 29, 2015, respectively, and consisted of amortization of deferred financing fees and unused commitment fees from the prior credit facility. On January 4, 2018 the Company executed an irrevocable standby letter of credit that expires on January 5, 2019 for $1,500,000 related to the Company’s workers’ compensation coverage. This letter of credit is a reduction of the borrowing capacity or our existing $20,000,000 Credit Facility with Bank of the West. At December 26, 2017, the principal and interest payments of the Company’s deemed landlord financing (see Note 8) are as follows: (in thousands) Deemed Landlord Fiscal year end Financing 2018 $ 1,093 2019 1,055 2020 987 2021 991 2022 1,045 Thereafter 4,361 $ 9,532

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 26, 2017
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 8—Commitments and Contingencies Leases —The Company leases its restaurant facilities and corporate offices under non-cancelable operating leases with remaining terms ranging from one to 20 years with renewal options ranging from five to 20 years. The restaurants’ leases generally include land and buildings, require various expenses incidental to the use of the property, and certain leases require contingent rent above the minimum lease payments based on a percentage of sales. Certain leases also contain renewal options and escalation clauses. Total rent expense was $19,847,000, $15,709,000 and $12,249,000 for the fiscal years ended December 26, 2017, December 27, 2016 and December 29, 2015, respectively, and is included in occupancy and other operating expenses and pre-opening costs. Included in rent expense was $803,000, $774,000 and $764,000 for contingent rentals, which are payable on the basis of the percentage of sales in excess of base rent amounts, for the fiscal years ended December 26, 2017, December 27, 2016 and December 29, 2015, respectively. In some cases, the asset the Company will lease requires construction to ready the space for its intended use, and in certain cases, the Company has involvement with the construction of leased assets. The construction period begins when the Company takes control of the related leased space and continues until the space is substantially complete and ready for its intended use. In accordance with ASC 840-40-55, the Company must consider the nature and extent of its involvement during the construction period, and in some cases, its involvement results in it being considered the accounting owner of the construction project. Primarily, such involvement results in the Company being considered the accounting owner in cases where the Company leases a “cold shell.” By completing the construction of key structural components of a leased building, the Company is deemed to have participated in the construction of the landlord asset. In such cases, the Company capitalizes the landlord’s construction costs, including the value of costs incurred up to the date the Company takes control of the leased space (e.g., the building “shell”) and costs incurred during the remainder of construction period, as such costs are incurred. Additionally, ASC 840-40-55 requires the Company to recognize a financing obligation for construction costs incurred by the landlord. Once construction is complete, the Company is required to perform a sale-leaseback analysis pursuant to ASC 840-40 to determine if the Company can remove the landlord’s assets and associated financing obligations from the consolidated balance sheet. In certain leases, the Company maintains various forms of “continuing involvement” in the property, thereby precluding it from derecognizing the asset and associated financing obligations following the construction completion. In those cases, the Company will continue to account for the landlord’s asset as if the Company is the legal owner, and the financing obligation, similar to other debt, until the lease expires or is modified to remove the continuing involvement that prohibits de-recognition. Once de-recognition is permitted the Company would be required to account for the lease as either operating or capital in accordance with ASC 840. As of December 26, 2017 and December 27, 2016 the Company has not derecognized any landlord assets or associated financing obligations. The Company determined that it was the accounting owner of a total of 25 and 14 leased buildings as a result of the application of build-to-suit lease accounting as of December 26, 2017 and December 27, 2016, respectively. The aggregate future minimum lease payments under non-cancelable operating leases are approximately: (in thousands) Deemed Operating Landlord Fiscal year end Leases Leases 2018 $ 22,364 $ 1,732 2019 26,506 1,702 2020 26,301 1,676 2021 25,783 1,639 2022 23,555 1,604 Thereafter 113,974 6,466 $ 238,483 $ 14,819 Future commitments —The Company’s growth strategy includes new restaurant openings during fiscal year 2018 and beyond. In connection with the build out of the restaurants, the Company may be obligated for a portion of the start-up and/or construction costs. As of December 26, 2017, the Company had approximately $13.0 million in such commitments related to new restaurants. Litigation —The Company is involved in various claims and legal actions that arise in the ordinary course of business. Management does not believe that the ultimate resolution of these actions will have a material adverse effect on the Company’s consolidated financial position, results of operations, liquidity and capital resources. A significant increase in the number of litigated claims or an increase in amounts owing under successfully litigated claims could materially adversely affect the Company’s business, financial condition, results of operations, and cash flows.

Employee Benefit Plan

Employee Benefit Plan	12 Months Ended
	Dec. 26, 2017
Postemployment Benefits [Abstract]
Employee Benefit Plan	Note 9—Employee Benefit Plan The Company maintains a qualified 401(k) retirement plan (the “401k Plan”). Certain employees are eligible to participate in the 401k Plan after completing one year of service and reaching the age of 21. The 401k Plan permits eligible employees to make contributions up to specified percentages of their compensation. The Company made discretionary matching contributions totaling approximately $128,000, $126,000 and $87,000 for the fiscal years ended December 26, 2017, December 27, 2016 and December 29, 2015, respectively.

Management Incentive Plans

Management Incentive Plans	12 Months Ended
	Dec. 26, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Management Incentive Plans	Note 10—Management Incentive Plans Stock-based compensation is included in general and administrative expenses on the accompanying consolidated statements of operations. The stock-based compensation expense related to the 2014 Omnibus Incentive Plan and to units issued under The Habit Restaurants, LLC Management Incentive Plan is summarized in the table below for the periods indicated: (in thousands) December 26, December 27, December 29, 2017 2016 2015 Stock-based compensation expense $ 2,518 $ 1,870 $ 1,200 2014 Omnibus Incentive Plan Prior to the completion of the Company’s IPO, the board of directors adopted The Habit Restaurants, Inc. 2014 Omnibus Incentive Plan (the “2014 Omnibus Incentive Plan”) and, subsequent to the IPO, all equity-based awards will be granted under the 2014 Omnibus Incentive Plan. The 2014 Omnibus Incentive Plan will also permit grants of cash bonuses beginning in fiscal year 2015. This plan authorizes 2,525,275 total options and restricted stock units. No awards may be granted under the plan after November 19, 2024. The purpose of the 2014 Omnibus Incentive Plan is to advance the Company’s interests by providing for the grant to eligible individuals of equity-based and other incentive awards. The 2014 Omnibus Incentive Plan will be administered by our board of directors or a committee of our board of directors (the “Administrator”). The Administrator will have the authority to, among other things, interpret the 2014 Omnibus Incentive Plan, determine eligibility for, grant and determine the terms of awards under the 2014 Omnibus Incentive Plan, and to do all things necessary to carry out the purposes of the 2014 Omnibus Incentive Plan. The Administrator’s determinations under the 2014 Omnibus Incentive Plan will be conclusive and binding. The Administrator will determine the time or times at which an award will vest or become exercisable. The maximum term of an award will not exceed ten years from the date of grant. Non-Qualified Stock Options: The following table sets forth information about the fair value of the non-qualified stock option grants on the date of grant using the Black-Scholes option-pricing model and the weighted average assumptions used for such a grant: Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Beginning Balance at December 30, 2014 16,666 $ 18.00 9.9 $ 261,323 Granted 159,021 $ 31.54 Forfeited (1,000 ) $ 32.32 Exercised — Outstanding and expected to vest at December 29, 2015 174,687 $ 30.25 9.3 $ — Granted 332,995 $ 18.29 Forfeited (16,242 ) $ 24.37 Exercised — Outstanding and expected to vest at December 27, 2016 491,440 $ 22.69 9.1 $ — Granted 485,491 $ 16.13 Forfeited (15,263 ) $ 20.99 Exercised — Outstanding and expected to vest at December 26, 2017 961,668 $ 19.41 8.6 $ — Exercisable at December 26, 2017 139,754 $ 24.15 7.7 $ — Fiscal Year Ended Disclosure Information 2017 2016 2015 Weighted average fair value of options granted $ 4.30 $ 5.45 $ 7.63 Dividend yield 0.0 % 0.0 % 0.0 % Weighted average risk-free interest rate 1.92 % 1.37 % 1.37 % Weighted average volatility 28.8 % 31.2 % 31.7 % Forfeiture rate 12.4 % 7.4 % 5.2 % Expected term (years) 5.5 5.5 5.5 The assumptions above represent management’s best estimates, but these estimates involve inherent uncertainties and the application of management’s judgment. The expected term of options granted during 2017 was based on a representative peer group within the industry. The risk-free rate for periods within the contractual life of the option is based on the U.S. Treasury constant maturities 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 aggregate intrinsic value in the table above is obtained by subtracting the weighted average exercise price from the fair value of the underlying common stock as of December 26, 2017, December 27, 2016, December 29, 2015 and December 30, 2014 and multiplying this result by the related number of options outstanding and expected to vest at December 26, 2017, December 27, 2016, December 29, 2015 and December 30, 2014 and exercisable at December 26, 2017. The fair values of the common stock used in the above calculations were $9.50 per share, $17.85 per share, $23.78 per share and $33.68 per share, the closing prices of the Company’s common stock on December 26, 2017, December 27, 2016, December 29, 2015 and December 30, 2014, respectively, the last trading day of each fiscal year. There was approximately $3.6 million of total unrecognized compensation costs related to options granted under the Plan as of December 26, 2017. That cost is expected to be recognized over a weighted average period of 3.5 years. Restricted Stock Units: A summary of stock-based compensation activity related to restricted stock units for fiscal years 2017, 2016 and 2015 is as follows: Units Weighted Average Fair Value Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Beginning Balance at December 30, 2014 — Granted 54,426 $ 31.80 Forfeited (500 ) $ 32.32 Vested — Outstanding and expected to vest at December 29, 2015 53,926 $ 31.79 9.4 $ 1,282,360 Granted 107,003 $ 18.17 Forfeited (5,349 ) $ 24.39 Vested (10,533 ) $ 31.87 Outstanding and expected to vest at December 27, 2016 145,047 $ 22.38 9.0 $ 2,589,089 Granted 140,911 $ 15.81 Forfeited (5,107 ) $ 19.21 Vested (30,299 ) $ 23.08 Outstanding and expected to vest at December 26, 2017 250,552 $ 18.66 8.7 $ 2,380,244 The aggregate intrinsic value in the table above is obtained by multiplying the related number of units outstanding and expected to vest at December 26, 2017, December 27, 2016 and December 29, 2015, by the estimated fair value of the common stock as of December 26, 2017, December 27, 2016 and December 29, 2015. The estimated fair value of the common stock as of December 26, 2017, December 27, 2016 and December 29, 2015 used in the above calculation was $9.50, $17.85 and $23.78 per share, the closing prices of the Company’s common stock on December 26, 2017, December 27, 2016 and December 29, 2015, respectively, the last trading day of the fiscal year. The fair value of the restricted stock units is the quoted market value of our common stock on the date of grant. As of December 26, 2017, total unrecognized stock-based compensation expense related to non-vested restricted stock units was approximately $3.7 million. That cost is expected to be recognized over a weighted average period of 3.5 years. The Habit Restaurants, LLC Management Incentive Plan In connection with the IPO, the Company converted all of the outstanding vested and unvested Class C units into an equivalent amount of vested and unvested LLC Units of The Habit Restaurants, LLC, respectively. As of December 26, 2017 there was approximately $0.9 million of total unrecognized stock-based compensation expense related to these units. That cost is expected to be recognized over a weighted average period of 1.4 years.

Membership Units

Membership Units	12 Months Ended
	Dec. 26, 2017
Equity [Abstract]
Membership Units	Note 11—Membership Units The Habit Restaurants, LLC’s ownership structure prior to our recapitalization allowed for four classes of members: Class A members, Class B members, Class C members, and Class D members. Class C units could only have been issued under The Habit Restaurants, LLC’s management incentive plan discussed in Note 10—Management Incentive Plans. All classes of members were entitled to receive distributions, if any, in accordance with the provisions of the Company’s LLC operating agreement. In accordance with the provisions of the Company’s LLC operating agreement, if distributions were declared, Class D members had priority over distributions prior to Class B, Class A, and Class C members in that order. Class C member distributions were restricted based on whether the units were vested or unvested at the time of the distribution and cash was paid out only on vested units. Distributions of $1,110,000, $2,077,000 and $4,623,000 were declared and paid for the fiscal years ended December 26, 2017, December 27, 2016 and December 29, 2015, respectively. Members of The Habit Restaurants, LLC who held unvested units will not receive their portion of the 2014 distribution until the units vest. Distributions of $190,000, $227,000 and $269,000 on such amounts were paid as of December 26, 2017, December 27, 2016 and December 29, 2015, respectively, and are included in the distributions above. The amount of the unpaid distribution as of December 26, 2017 amounted to $286,000. As part of the Recapitalization, these membership units have been exchanged for common units. All units that were previously unvested will continue to vest based on the vesting schedule of the outstanding unvested Class C unit from which it was converted. The Company has the right to determine, subject to certain tax distributions, when distributions will be made to holders of common units of The Habit Restaurants, LLC and the amount of any such distributions. If a distribution is authorized, such distribution will be made to the holders of common units (including the Company and its subsidiaries) pro rata in accordance with the percentages of their respective common units (other than, for clarity, certain non-pro-rata payments to the Company to satisfy certain of its obligations). Additionally, the new vested and unvested common units of The Habit Restaurants, LLC received upon the conversion of vested and unvested Class C units are entitled to receive distributions, if any, from The Habit Restaurants, LLC, provided, however, that distributions (other than tax distributions) in respect of unvested common units of The Habit Restaurants, LLC will only be delivered to the holder thereof when, as, and if such common units ultimately vest. Pursuant to and subject to the terms of the Limited Liability Company Agreement of The Habit Restaurants, LLC, the Continuing LLC Owners have the right to exchange their common units, together with a corresponding number of shares of Class B common stock (which such shares will be cancelled in connection with any such exchange) for, at the option of the Company, (i) cash consideration (calculated based on the volume-weighted average price of the Class A common stock of the Company, as displayed under the heading Bloomberg VWAP on the Bloomberg page designated for the Class A common stock of the Company for the 15 trading days immediately prior to the delivery date of a notice of exchange) or (ii) shares of the Company’s Class A common stock on a one-for-one basis, subject to customary conversion rate adjustments for stock splits, stock dividends and reclassifications. At any time that an effective registration statement is on file with the Securities and Exchange Commission (“SEC”) with respect to the shares of Class A Common Stock to be issued upon an exchange, The Habit Restaurants, Inc. may not provide cash consideration upon an exchange to a Continuing LLC Owner without the Continuing LLC Owner’s prior consent.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 26, 2017
Equity [Abstract]
Stockholders' Equity	Note 12—Stockholders’ Equity The Company is authorized to issue 140,000,000 shares of capital stock, consisting of 70,000,000 shares of Class A common stock, par value $0.01 per share, and 70,000,000 shares of Class B common stock, par value $0.01 per share. In November 2014, the Company completed its IPO of 5,750,000 shares of its Class A common stock at a price to the public of $18.00 per share. As discussed in Note 11, the existing owners of The Habit Restaurants, LLC continue to hold common units in The Habit Restaurants, LLC, and such existing owners (other than The Habit Restaurants, Inc. and its wholly-owned subsidiaries) were issued a number of shares of our Class B common stock equal to the number of common units held by them in connection with the completion of the IPO. Each such share of Class B common stock provides its holder with no economic rights but entitles the holder to one vote on matters presented to The Habit Restaurants, Inc.’s stockholders. The Company’s Class A and Class B common stock generally vote together as a single class on all matters submitted to a vote of stockholders, except as otherwise required by applicable law. However, the Class B common stock is not publicly traded and does not entitle its holders to receive dividends or distributions upon a liquidation, dissolution or winding up of the Company. When a member of The Habit Restaurants, LLC exchanges common units for shares of Class A common stock, such corresponding shares of Class B common stock will be cancelled. Dividend Rights. Subject to preferences that may apply to shares of preferred stock outstanding at the time, holders of outstanding shares of Class A common stock are entitled to receive dividends out of assets legally available at the times and in the amounts as the board of directors may from time to time determine. Holders of our Class B Common Stock do not have any right to receive dividends. Voting Rights. Holders of our Class A common stock and our Class B common stock have voting power over The Habit Restaurants, Inc., the sole managing member of The Habit Restaurants, LLC, at a level that is consistent with their overall equity ownership of our business. Pursuant to our amended and restated certificate of incorporation and amended and restated bylaws, each share of Class A common stock entitles the holder to one vote with respect to each matter presented to our stockholders on which the holders of Class A common stock are entitled to vote. Each holder of Class B common stock shall be entitled to the number of votes equal to the total number of LLC Units held by such holder multiplied by the exchange rate specified in the LLC Agreement with respect to each matter presented to our stockholders on which the holders of Class B common stock are entitled to vote. Accordingly, the holders of LLC Units collectively have a number of votes that is equal to the aggregate number of LLC Units that they hold. Subject to any rights that may be applicable to any then outstanding preferred stock, our Class A and Class B common stock vote as a single class on all matters presented to our stockholders for their vote or approval, except as otherwise provided in our amended and restated certificate of incorporation or amended and restated bylaws or required by applicable law. Holders of our Class A and Class B common stock do not have cumulative voting rights. Except in respect of matters relating to the election and removal of directors on our board of directors and as otherwise provided in our amended and restated certificate of incorporation, our amended and restated bylaws, or as required by law, all matters to be voted on by our stockholders must be approved by a majority of the shares present in person or by proxy at the meeting and entitled to vote on the subject matter. Preemptive Rights. Neither the Class A common stock, nor the Class B common stock is entitled to preemptive or other similar subscription rights to purchase any of our securities. Conversion or Redemption Rights. Neither the Class A common stock, nor the Class B common stock is convertible or redeemable. Liquidation Rights. Upon our liquidation, the holders of our Class A common stock will be entitled to receive pro rata our assets which are legally available for distribution, after payment of all debts and other liabilities and subject to the prior rights of any holders of preferred stock then outstanding. Holders of our Class B common stock do not have any right to receive a distribution upon a voluntary or involuntary liquidation, dissolution or winding up of our affairs. Notwithstanding the foregoing, The Habit Restaurants, LLC will bear the cost of or reimburse The Habit Restaurants, Inc. for certain expenses incurred by The Habit Restaurants, Inc.

Quarterly Financial Reporting

Quarterly Financial Reporting	12 Months Ended
	Dec. 26, 2017
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Reporting	Note 13—Quarterly Financial Reporting (Unaudited) (amounts in thousands except per share data) Fiscal Quarter (1) 1Q17 2Q17 3Q17 4Q17 FY17 Total revenue $ 78,636 $ 83,332 $ 84,639 $ 85,091 $ 331,698 Income from operations 4,206 2,753 420 97 7,477 Net income (loss) 2,747 1,713 453 (6,183 ) (1,268 ) Net income (loss) attributable to non- controlling interests 904 601 56 (22 ) 1,539 Net income (loss) attributable to The Habit Restaurants, Inc. $ 1,843 $ 1,112 $ 397 $ (6,161 ) $ (2,807 ) Basic income (loss) per share of Class A common stock $ 0.09 $ 0.05 $ 0.02 $ (0.30 ) $ (0.14 ) Diluted income (loss) per share of Class A common stock $ 0.09 $ 0.05 $ 0.02 $ (0.30 ) $ (0.14 ) Fiscal Quarter (1) 1Q16 2Q16 3Q16 4Q16 FY16 Total revenue $ 66,957 $ 71,116 $ 71,885 $ 73,852 $ 283,810 Income from operations 4,527 3,809 2,494 2,750 13,580 Net income 3,395 2,496 1,446 1,964 9,300 Net income attributable to non- controlling interests 2,014 1,305 677 644 4,640 Net income attributable to The Habit Restaurants, Inc. $ 1,381 $ 1,191 $ 769 $ 1,320 $ 4,660 Basic income per share of Class A common stock $ 0.10 $ 0.07 $ 0.04 $ 0.07 $ 0.27 Diluted income per share of Class A common stock $ 0.10 $ 0.07 $ 0.04 $ 0.07 $ 0.27 1) Certain totals may not sum exactly due to rounding.

Schedule I_ Condensed Financial

Schedule I: Condensed Financial Information of Registrant	12 Months Ended
	Dec. 26, 2017
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Schedule I: Condensed Financial Information of Registrant	Schedule I: Condensed Financial Information of Registrant THE HABIT RESTAURANTS, INC. CONDENSED BALANCE SHEETS (PARENT COMPANY ONLY) December 26, December 27, 2017 2016 (in thousands, except share data) ASSETS Cash and cash equivalents $ 6,543 $ 6,219 Prepaid expenses and other current assets — 6 Total current assets 6,543 6,225 Deferred tax assets 86,173 149,607 Investment in subsidiaries 119,073 109,961 Total long-term assets 205,246 259,568 Total assets $ 211,789 $ 265,793 LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities Accrued expenses 11,550 8,306 Income tax payable 153 167 Amounts payable to related parties under Tax Receivable Agreement, current portion 1,908 2,014 Total current liabilities 13,611 10,487 Amounts payable to related parties under Tax Receivable Agreement, net of current portion 79,853 137,593 Total liabilities 93,464 148,080 Commitments and contingencies (Note 3) Stockholders’ equity Class A common stock, par value $0.01 per share; 70,000,000 shares authorized and 20,378,452 shares issued and outstanding at December 26, 2017 and 20,178,937 shares issued and outstanding at December 27, 2016. 204 202 Class B common stock, par value $0.01 per share; 70,000,000 shares authorized and 5,646,572 shares issued and outstanding at December 26, 2017 and 5,821,122 shares issued and outstanding at December 27, 2016. 56 58 Additional paid-in capital 113,475 110,056 Retained earnings 4,590 7,397 Total stockholders’ equity 118,325 117,713 Total liabilities and stockholders’ equity $ 211,789 $ 265,793 See notes to condensed financial statements. THE HABIT RESTAURANTS, INC. CONDENSED STATEMENTS OF OPERATIONS (PARENT COMPANY ONLY) Fiscal Years Ended December 26, December 27, December 29, 2017 2016 2015 (amounts in thousands) Intercompany revenue $ 320 $ 346 $ 479 Operating expenses General and administrative expenses 320 346 479 Total operating expenses 320 346 479 Operating income — — — Other (income) expense Equity in net income of subsidiaries (5,361 ) (8,320 ) (5,242 ) Tax Receivable Agreement liability adjustment (57,231 ) — — Interest expense, net 11 14 — Income before income taxes 62,581 8,306 5,242 Provision for income taxes 65,388 3,646 2,473 Net income (loss) $ (2,807 ) $ 4,660 $ 2,769 See notes to condensed financial statements. THE HABIT RESTAURANTS, INC. CONDENSED STATEMENTS OF CASH FLOWS (PARENT COMPANY ONLY) Fiscal Years Ended December 26, December 27, December 29, 2017 2016 2015 (amounts in thousands) Cash flows from operating activities: Net income (loss) $ (2,807 ) $ 4,660 $ 2,769 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Tax Receivable Agreement liability adjustment (57,231 ) — — Deferred income taxes 65,388 3,645 2,473 Equity in net income of subsidiaries (5,361 ) (8,320 ) (5,242 ) Changes in assets and liabilities: Accrued expenses 34 (15 ) (362 ) Income taxes payable (1 ) 31 (103 ) Net cash provided by (used in) operating activities 22 1 (465 ) Cash flows from investing activities: Capital contribution in subsidiary (900 ) — — Net cash used in investing activities (900 ) — — Cash flows from financing activities: Tax receivable agreement payments to related parties (2,040 ) (2,003 ) (13 ) Tax distributions to LLC members 3,242 4,339 3,950 Net cash provided by financing activities 1,202 2,336 3,937 Net change in cash and cash equivalents 324 2,337 3,472 Cash and cash equivalents, beginning of period 6,219 3,882 410 Cash and cash equivalents, end of period $ 6,543 $ 6,219 $ 3,882 SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION Cash paid for interest $ 33 $ 16 $ — Cash paid for income taxes, net $ 1 $ (31 ) $ 103 See notes to condensed financial statements. THE HABIT RESTAURANTS, INC. NOTES TO CONDENSED FINANCIAL STATEMENTS (PARENT COMPANY ONLY) Note 1—Organization The Habit Restaurants, Inc. (the "Company") was formed as a Delaware corporation on July 24, 2014, as a holding company for the purposes of facilitating an initial public offering (the “IPO”) of shares of Class A common stock. The Company acquired, by merger, entities that were members of The Habit Restaurants, LLC. On November 25, 2014, the Company completed the IPO of 5,750,000 shares of Class A common stock at a price to the public of $18.00 per share, raising net proceeds of $96.3 million after underwriting discounts and commissions but before expenses. The net proceeds were used to purchase, directly and indirectly, economic, non-voting interest in The Habit Restaurants, LLC (the "LLC Units") from The Habit Restaurants, LLC. On April 15, 2015, the Company completed a follow-on offering of 5,750,000 shares of Class A common stock at a price to the public of $30.96 per share (the “April 2015 Offering”). All of these shares were offered by the selling stockholders. The Company did not receive any proceeds from the offering. The Habit Restaurants, Inc. is a holding company with no direct operations that holds as its principal assets an equity interest in The Habit Restaurants, LLC and shares of subsidiaries, each of which in turn holds as its principal asset an equity interest in The Habit Restaurants, LLC, and relies on The Habit Restaurants, LLC to provide the Company with funds necessary to meet any financial obligations. As such, the Company has no independent means of generating revenue. Note 2—Basis of Presentation These condensed financial statements should be read in conjunction with the consolidated financial statements of The Habit Restaurants Inc. and the accompanying notes thereto, included in this annual report on Form 10-K. The Company is the sole managing member of The Habit Restaurants, LLC. The Company receives compensation from The Habit Restaurants, LLC for all costs associated with being a public company and maintaining its existence. These amounts are recorded in intercompany revenue on the condensed statements of operations. Note 3—Commitments and Contingencies In connection with the IPO that occurred in fiscal year 2014, the Company entered into a tax receivable agreement (the “TRA”). Under the TRA, the Company generally will be required to pay to the holders of economic, non-voting interest in The Habit Restaurants, LLC (the "Continuing LLC Owners") 85% of the amount of cash savings, if any, in U.S. federal, state or local tax that the Company actually realizes directly or indirectly (or are deemed to realize in certain circumstances) as a result of (i) certain tax attributes that were created as a result of the IPO and any sales or exchanges (as determined for U.S. federal income tax purposes) to or with the Company of their interests in The Habit Restaurants, LLC for shares of our Class A common stock or cash, including any basis adjustment relating to the assets of The Habit Restaurants, LLC and (ii) tax benefits attributable to payments made under the TRA (including imputed interest). The Habit Restaurants, Inc. generally will retain 15% of the applicable tax savings. See Note 6 to the consolidated financial statements for more information regarding the TRA. As of December 26, 2017 and December 27, 2016, the Company recorded a liability of $81.8 million and $139.6 million, respectively, representing the payments due to the Continuing LLC Owners under the TRA.

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 26, 2017
Accounting Policies [Abstract]
Principles of consolidation	Principles of consolidation —The accompanying consolidated financial statements include the accounts of the Company, The Habit Restaurants, LLC and Franchise. All significant intercompany balances and transactions have been eliminated in consolidation. The Company had no operations prior to the IPO, other than (i) those incident to its formation, (ii) the merger transactions resulting in it holding interests, indirectly through its wholly-owned subsidiaries, the principal assets of which are equity interests in The Habit Restaurants, LLC (such interests collectively representing, as of December 26, 2017, a less than 20% interest in The Habit Restaurants, LLC) and (iii) the preparation of the IPO registration statement.
Use of estimates	Use of estimates —The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.
Segment information	Segment information —Management has determined that the Company has one reportable segment. Our chief operating decision maker (“CODM”) is our Chief Executive Officer; our CODM reviews financial performance and allocates resources at a consolidated level on a recurring basis.
Cash and cash equivalents	Cash and cash equivalents —For purposes of the statement of cash flows, the Company considers all highly liquid debt instruments purchased with an original maturity of ninety days or less to be cash equivalents.
Accounts receivable	Accounts receivable —Accounts receivable consist of credit card receivables, amounts due from vendors and landlords, catering events and franchisees/licensees. Amounts are stated at the amounts management expects to collect from balances outstanding at fiscal year-end; accordingly, no allowance for doubtful accounts is required. If amounts become uncollectible, they will be charged to operations when that determination is made.
Inventory	Inventory —Inventory consists of food, beverage, and paper goods and is stated at the lower of average cost or net realizable value.
Concentration of credit risk	Concentration of credit risk —Financial instruments, which potentially subject the Company to concentrations of credit risk, consist primarily of cash and cash equivalents. At December 26, 2017, the Company maintained approximately $7 million of its day-to-day operating cash balances with a major financial institution, of which $0.2 million represents restricted cash in an impound account for franchisees in the state of Washington. The remaining $21 million is invested with a major financial institution and consists entirely of U.S. Treasury instruments with a maturity of one month or less at the date of purchase. At December 26, 2017 and December 27, 2016 and at various times during the periods then ended, cash and cash equivalents balances were in excess of Federal Depository Insurance Corporation insured limits. While the Company monitors the cash balances in its operating accounts on a daily basis and adjusts the cash balances as appropriate, these cash balances could be impacted if the underlying financial institutions fail or are subject to other adverse conditions in the financial markets. To date, the Company has experienced no loss or lack of access to cash in its operating accounts.
Purchasing concentration	Purchasing concentration —The Company transitioned from a primary vendor arrangement with one distributor to four new distributors covering different markets in fiscal year 2017. One of those distributors accounted for 30% of purchases for the fiscal year 2017. This vendor represented approximately 59% of accounts payable at December 26, 2017. The previous vendor accounted for 46% of purchases and 74% of accounts payable for the year ended December 27, 2016. The Company believes there are other available alternatives to the current vendors; however, the philosophy of the Company is to concentrate its purchases over a limited number of distributors in order to maintain quality, consistency, delivery requirements and cost controls and to increase the distributor’s commitment to the Company. The Company relies upon, and expects to continue to rely upon, several single source suppliers; however, management believes sufficient alternative suppliers exist in the marketplace.
Fair value measurements	Fair value measurements — The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable and all other current liabilities approximate fair values due to the short maturities of these instruments.
Property and equipment	Property and equipment —Property and equipment is generally carried at cost, less accumulated depreciation. Upon sale, retirement, or other disposition of these assets, the costs and related accumulated depreciation are removed from the respective accounts and any gain or loss on the disposition is included in our consolidated statement of operations. Depreciation on property and equipment is determined using the straight-line method over the assets’ estimated useful lives, ranging from three to 10 years. Leasehold improvements are amortized using the straight-line method over the shorter of the term of the lease, including reasonably assured extensions, or their estimated useful lives. Property where the Company is the deemed owner is depreciated over the 40 year life of the building. Maintenance and repairs are charged against income as incurred and additions, renewals, and improvements are capitalized. Smallwares which consist of pots, pans and other cooking utensils are carried at cost and any replacements are expensed when acquired.
Goodwill	Goodwill —Goodwill represents the excess of the purchase price over the fair value of net assets acquired in business combinations and is allocated to the appropriate reporting unit when acquired. Under Accounting Standards Codification (“ASC”) 350, Intangibles—Goodwill and Other, goodwill and indefinite lived intangible assets are not amortized but tested for impairment at least annually or more frequently if events or changes in circumstances indicate that the asset might be impaired. For purposes of applying ASC 350, management has determined that the Company has one reporting unit for the analysis. Accordingly, the Company has not recorded any impairment charges related to goodwill.
Tradenames	Tradenames —Tradenames acquired in a business combination and determined to have an indefinite useful life are not amortized because there is no foreseeable limit to the cash flows generated by the intangible asset, and have no legal, contractual, regulatory, economic or competitive limiting factors. Tradenames are evaluated for impairment annually and whenever events or changes in circumstances indicate that the value of the asset may be impaired. Accordingly, the Company has not recorded any impairment charges related to tradenames.
Impairment of long-lived assets	Impairment of long-lived assets —The Company evaluates long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. If the estimated future cash flows (undiscounted and without interest charges) from the use of an asset are less than the carrying value, a write-down would be recorded to reduce the related assets to its estimated fair value. Fair value is generally based on an undiscounted cash flow analysis. Based on its review, the Company does not believe that any impairment of its long-lived assets has occurred and accordingly no such write-downs have been recorded.
Deferred rent and tenant improvement allowances	Deferred rent and tenant improvement allowances —Leases may contain rent holidays, or free rents, and rent escalations during the lease terms. Rental expense is recorded on a straight-line basis starting on the date the Company takes control of the related leased space. The difference between the average rental amount charged to expense and the amount payable under the lease is recorded as deferred rent. Lease expenses incurred prior to store openings are recognized on a straight-line basis and are included in pre-opening costs. From time to time, the Company may receive tenant improvement allowances from its lessors. These amounts are recorded as deferred rent and amortized as reductions of rent expense beginning when the Company takes control of the related leased space through the term of the lease. The amortization of the tenant incentives for the period prior to the restaurant opening is reported as a reduction of pre-opening rent expense in the consolidated statements of operations. For leases where the Company is considered to be the owner of the construction project and received tenant improvement allowances, the Company records these amounts received as a component of the deemed landlord financing liability. See Note 7.
Asset Retirement Obligations (AROs)	Asset Retirement Obligations (AROs) —The Company has AROs arising from contractual obligations under certain leases to perform certain asset retirement activities at the time that certain leasehold improvements are disposed of. At the inception of a lease with such conditions, the Company records an AROs liability and a corresponding capital asset in an amount equal to the estimated fair value of the obligation. The liability was initially measured at fair value and subsequently is adjusted for accretion expense and changes in the amount or timing of the estimated cash flows. The corresponding asset retirement costs are capitalized as part of the carrying amount of the related long-lived asset and depreciated over the asset’s remaining useful life. The Company’s AROs is $176,000 and $147,000 at December 26, 2017 and December 27, 2016, respectively.
Revenue recognition	Revenue recognition —The Company recognizes revenue when products are delivered to the customers or meals are served. Revenue recognized excludes sales taxes.
Franchise fee revenue	Franchise fee revenue —Franchise fee revenue consists of fees charged to franchise owners who enter into a franchise agreement with the Company. Amounts received from the sales of franchise licenses are deferred until all material contractual services or conditions relating to the sale of the franchise licenses have been substantially performed by the Company. The commencement of operations by the franchisee is presumed to be the earliest point at which substantial performance has occurred, unless it can be demonstrated that substantial performance of all franchisor obligations has occurred before that time. The fees collected by the Company upon signing a franchise agreement are deferred until operations have commenced. There was franchise fee revenue of $170,000, $125,000 and $100,000 recognized in fiscal years 2017, 2016 and 2015, respectively.
Royalty revenue	Royalty revenue —Royalty revenue represents royalties earned from each of the franchisees in accordance with the financial disclosure document and the franchise agreement for use of the “The Habit Burger Grill” name, menus, processes, and procedures. The royalty rate in the franchise agreement is typically 5% of the gross sales of each restaurant operated by each franchisee. Such revenue is recognized when earned and is payable to the Company monthly before the sixth business day of the subsequent month. There was royalty revenue of $913,000, $551,000 and $197,000 recognized in fiscal years 2017, 2016 and 2015, respectively.
Franchise area development fees	Franchise area development fees —The Company receives area development fees from franchisees and licensees when they execute multi-unit area development agreements. The Company does not recognize revenue from the agreements until the related restaurants open or, in certain circumstances, the fees are applied to satisfy other obligations of the franchisee or licensee. There were franchise area development fees of $290,000, $220,000 and $20,000 recognized in fiscal years 2017, 2016 and 2015, respectively.
Sales tax	Sales tax —Sales tax collected from customers and remitted to governmental authorities is accounted for on a net basis and therefore is excluded from net sales in the consolidated statements of operations. This obligation is included in sales taxes payable until the taxes are remitted to the appropriate taxing authorities.
Gift certificates and gift cards	Gift certificates and gift cards —Revenue related to the sale of gift certificates and gift cards is deferred until the gift certificate or gift card is redeemed. Outstanding gift cards are tracked by a third-party administrator. The balance of unredeemed gift certificates and gift cards were $1,766,000 and $1,513,000 at December 26, 2017 and December 27, 2016, respectively, and are included in accrued expenses in the accompanying consolidated balance sheets. Gift certificates and gift cards do not carry an expiration date; therefore, customers can redeem their gift certificates and gift cards for products indefinitely and the Company does not deduct non-usage fees from outstanding gift card balances. A certain amount of gift certificates and gift cards will not be redeemed and may become breakage income or may need to be refunded to the various states. To date, the Company has not recognized breakage income of gift certificates and gift cards or refunded any amounts to the various states.
Advertising costs	Advertising costs —Advertising and promotional costs are expensed as incurred. Advertising and promotions expense totaled $3,242,000, $1,833,000 and $1,300,000 for the fiscal years ended December 26, 2017, December 27, 2016 and December 29, 2015, respectively, and is included in operating, pre-opening and general and administrative expenses in the consolidated statements of operations.
Pre-opening costs	Pre-opening costs —Pre-opening costs are costs incurred in connection with the hiring and training of personnel, as well as occupancy, which can include the amortization of deferred rent and tenant improvement allowances, and other operating expenses during the build-out period of new restaurant openings. Pre-opening costs are expensed as incurred.
Income taxes	Income taxes —The Company records a tax provision for the anticipated tax consequences of the reported results of operations. The provision for income taxes is computed using the asset and liability method, under which deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax basis of assets and liabilities, and for operating losses and tax credit carryforwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates that apply to taxable income in effect for the years in which those tax assets are expected to be realized or settled. The Company may record a valuation allowance, if conditions are applicable, to reduce deferred tax assets to the amount that is believed more likely than not to be realized. The Company accounts for uncertain tax positions in accordance with ASC 740, Income Taxes. ASC 740 prescribes a recognition threshold and measurement process for accounting for uncertain tax positions and also provides guidance on various related matters such as derecognition, interest, penalties, and required disclosures. The Company has an uncertain tax liability of $152,000 at December 26, 2017. However, the Company continues to not recognize interest expense for uncertain tax positions for the year ended December 26, 2017 as the Company believes that the exposure would be immaterial from the financial reporting point of view. In the future, if an uncertain tax position arises, interest and penalties will be accrued and included on the provision for income taxes line of the Statements of Consolidated Income. The Company files tax returns in the U.S. federal and state jurisdictions. Generally, the Company is subject to examination by U.S. federal (or state and local) income tax authorities for three to four years from the filing of a tax return. The Company accounts for provisional amounts as allowed under Staff Accounting Bulletin No. 118 (SAB 118) for certain tax items related to the new tax legislation, commonly referred to as the Tax Cuts and Jobs Act, enacted on December 22, 2017. SAB 118 allows registrants to record provisional amounts during a one year “measurement period” similar to that used when accounting for business combinations. However, the measurement period is deemed to have ended earlier when the registrant has obtained, prepared and analyzed the information necessary to finalize its accounting. During the measurement period, impacts of the law are expected to be recorded at the time a reasonable estimate for all or a portion of the effects can be made, and provisional amounts can be recognized and adjusted as information becomes available, prepared or analyzed. The Company has determined a reasonable estimate related to the reduction in the U.S. corporate income tax rate to 21%, which resulted in the Company reporting additional income tax expense of $64,022,000 as a result of the Tax Cuts and Jobs Act. This increase in tax expense is comprised of $40,933,000 of deferred tax expense due to the remeasurement of deferred tax assets at the 21% tax rate, and $23,089,000 of additional tax expense related to the other income recognized from the change in the TRA liability as a result of the reduction in the corporate tax rate. The provisional amount could be impacted by the Company’s reassessment of 100% bonus depreciation for qualified assets placed in service after September 27, 2017 and the inclusion of commissions and performance based compensation in determining the excessive compensation limitation. A reasonable estimate cannot be made at this time with respect to the limitation on future entertainment and certain employee fringe benefits in accordance with the enactment of the Tax Cuts and Jobs Act. The Company requires additional time to analyze the impacts of the legislative change. The limitation could potentially change the timing of future TRA payments. Other significant provisions that are not yet effective but may impact income taxes in future years include: a limitation of net operating losses generated after fiscal 2017 to 80% of taxable income, 100% bonus depreciation for qualified assets, and limitation on entertainment and certain employee fringe benefits.
Non-controlling Interest	Non-controlling Interest —The non-controlling interest on the consolidated statement of operations represents the portion of earnings or loss before income taxes attributable to the economic interest in the Company’s subsidiary, The Habit Restaurants, LLC, held by the non-controlling Continuing LLC Owners. Non-controlling interest on the consolidated balance sheet represents the portion of net assets of the Company attributable to the non-controlling Continuing LLC Owners, based on the portion of the LLC Units owned by such unit holders. As of December 26, 2017, the non-controlling interest was 21.7%.
Management incentive plans	Management incentive plans —Prior to the completion of the Company’s IPO, the board of directors adopted The Habit Restaurants, Inc. 2014 Omnibus Incentive Plan. The provisions to this plan are detailed in Note 10-Management Incentive Plans. The Habit Restaurants, LLC maintained a management incentive plan that provided for the grant of Class C units. Class C units were intended to be “profits interests” for U.S. federal income tax purposes. The Class C units participated in distributions and, if vested, could have been converted to Class A units. Because of the ability of the Class C Unit-holder to convert his or her Class C units to Class A units, the Class C units were accounted for as equity classified awards. In conjunction with the Company’s IPO, all vested and unvested units issued under this plan were exchanged for Common Units of The Habit Restaurants, LLC. The unvested portion of the Common Units as of the effective date of the IPO, continue to vest over the remaining period. The Company measures stock-based compensation cost at the grant date based on the fair value of the award and recognizes it as expense, net of estimated forfeitures, over the vesting or service period, as applicable, of the award using the straight-line method.
Comprehensive income	Comprehensive income —Comprehensive income is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances from non-owner sources. Comprehensive income is the same as net income for all periods presented. Therefore, a separate statement of comprehensive income is not included in the accompanying consolidated financial statements.
Earnings per Share	Earnings per Share —Basic earnings per share (“basic EPS”) is computed by dividing net income attributable to the Habit Restaurants, Inc. by the weighted average number of shares outstanding for the reporting period. Diluted earnings per share (“diluted EPS”) gives effect during the reporting period to all dilutive potential shares outstanding resulting from employee stock-based awards. The following table sets forth the calculation of basic and diluted earnings per share for fiscal years 2017, 2016 and 2015: Fiscal Years Ended December 26, December 27, December 29, (amounts in thousands, except share and per share data) 2017 2016 2015 Numerator: Net income (loss) attributable to controlling and non-controlling interests $ (1,268 ) $ 9,300 $ 8,851 Less: net income attributable to non-controlling interests $ (1,539 ) $ (4,640 ) $ (6,082 ) Net income (loss) attributable to The Habit Restaurants, Inc. $ (2,807 ) $ 4,660 $ 2,769 Denominator: Weighted average shares of Class A common stock outstanding Basic 20,285,780 17,139,777 12,445,138 Diluted 20,285,780 17,148,466 12,451,962 Net income (loss) attributable to The Habit Restaurants, Inc. per share Class A common stock Basic $ (0.14 ) $ 0.27 $ 0.22 Diluted $ (0.14 ) $ 0.27 $ 0.22 Below is a reconciliation of basic and diluted share counts Basic 20,285,780 17,139,777 12,445,138 Dilutive effect of stock options and restricted stock units — 8,689 6,824 Diluted 20,285,780 17,148,466 12,451,962 Diluted earnings per share of Class A 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 using the treasury method, if dilutive. The Company’s Class B common stock represent voting interests and do not participate in the earnings of the Company. Accordingly, there is no earnings per share related to the Company’s Class B common stock. The Company’s LLC Units are considered common stock equivalents for this purpose. The number of additional shares of Class A common stock related to these common stock equivalents is calculated using the if-converted method. The potential impact of the exchange of the 5,646,572 LLC Units on the diluted EPS had no impact and were therefore excluded from the calculation. As of December 26, 2017, there were 2,525,275 options authorized under our 2014 Omnibus Incentive Plan of which 1,296,513, 670,111, and 230,113 had been granted as of December 26, 2017, December 27, 2016 and December 29, 2015, respectively. The number of dilutive shares of Class A common stock related to these options was calculated using the treasury stock method and 56,782, 1,070 and 757 shares have been excluded from the diluted EPS for fiscal years 2017, 2016 and 2015, respectively, because they were anti-dilutive.
Recent Accounting Pronouncements	Recent Accounting Pronouncements — In February 2016, the Financial Accounting Standards Board ("FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02 Leases, which supersedes ASC 840 Leases and creates a new topic, ASC 842 Leases. This update requires lessees to recognize a lease liability and a right-of-use asset for all leases, including operating leases, with an expected term greater than 12 months on its balance sheet. The update also expands the required quantitative and qualitative disclosures surrounding leases. This update is effective for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years, with early adoption permitted. This update will be applied using a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The Company anticipates taking advantage of the practical expedient options which allows an entity to not reassess whether any existing or expired contracts contain leases, not reassess lease classifications for existing or expired leases, and an entity does not need to reassess initial direct costs for any existing leases. The Company’s operating lease obligations as of December 26, 2017 were approximately $253.3 million. The discounted minimum remaining operating lease obligations will be the starting point for determining the right-of-use asset and lease liability. The Company expects that adoption of the new guidance will have a material impact on its consolidated balance sheets due to recognition of the right-of-use asset and lease liability related to current operating leases. The Company is using their current lease software, which has been enhanced to account for ASC 842, and is continuing the process of validating occupancy information in preparation for retrospective reporting, disclosure and audit for this standard update on its consolidated financial statements. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers. This ASU is a comprehensive new revenue recognition model that requires a company to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. This update is effective for annual reporting periods beginning after December 15, 2017, with early adoption permitted. Accordingly, the Company will adopt this ASU on December 27, 2017. Companies may use either a full retrospective or a modified retrospective approach to adopt this ASU, the Company has decided to use the full retrospective method upon adoption. The Company has determined that the standard will not impact recognition of revenue from company-operated restaurants or royalty revenue from franchisees and licensees, but will have an impact on the recognition of initial franchise and license fees. The Company has evaluated this standard and has concluded the adoption of this standard on recognition of revenue from franchise and license agreements will result in a decrease in revenue of $0.3 million and $0.1 million for fiscal years ended December 26, 2017 and December 27, 2016, respectively, with a corresponding increase of deferred franchise income on the consolidated balance sheets, and a decrease in basic and diluted earnings per share of $0.02 and $0.01 for fiscal years ended December 26, 2017 and December 27, 2016, respectively.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements — In May 2017, FASB issued ASU No. 2017-09, Compensation-Stock Compensation (Topic 718) – Scope of Modification Accounting. This update applies to entities that change the terms or conditions of a share-based payment award. This update will provide clarity and reduce (i) the diversity in practice and (ii) cost and complexity when applying the guidance in Topic 718, Compensation-Stock Compensation, to a change to the terms or conditions of a share-based payment award. This update is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2017 with early adoption permitted. This guidance should be applied prospectively to an award modified on or after that adoption date. The Company has early adopted this standard and determined there is no impact on its consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. To simplify the subsequent measurement of goodwill, the amendments eliminate Step 2 from the goodwill impairment test. Under the new guidance, the recognition of an impairment charge is calculated based on the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The guidance should be applied on a prospective basis, and is effective for annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company adopted this standard in the first quarter of fiscal year 2017 and there was no impact on its consolidated financial statements. In August 2016, the FASB issued ASU No. 2016-15, Classification of Certain Cash Receipts and Cash Payments (Topic 230). This update provides clarification regarding how certain cash receipts and cash payments are presented and classified in the statement of cash flows. This update addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice. This update is effective for annual and interim periods for fiscal years beginning after December 15, 2017. Early adoption is permitted. The update will be applied on a retrospective basis. The Company adopted this standard in the first quarter of fiscal year 2017 and there was no classification impact on its consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-09 Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. The amendments in this update simplify several aspects of the accounting for employee share-based payment transactions, including the accounting for income taxes, forfeitures and statutory tax withholding requirements, as well as classification in the statement of cash flows. This update is effective for fiscal years beginning after December 15, 2016. The Company adopted this guidance in the first quarter of fiscal year 2017 and it did not have a material effect on the Company’s consolidated financial statements.

Summary of Significant Accoun22

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 26, 2017
Accounting Policies [Abstract]
Schedule of Calculation of Basic and Diluted Earnings Per Share	The following table sets forth the calculation of basic and diluted earnings per share for fiscal years 2017, 2016 and 2015: Fiscal Years Ended December 26, December 27, December 29, (amounts in thousands, except share and per share data) 2017 2016 2015 Numerator: Net income (loss) attributable to controlling and non-controlling interests $ (1,268 ) $ 9,300 $ 8,851 Less: net income attributable to non-controlling interests $ (1,539 ) $ (4,640 ) $ (6,082 ) Net income (loss) attributable to The Habit Restaurants, Inc. $ (2,807 ) $ 4,660 $ 2,769 Denominator: Weighted average shares of Class A common stock outstanding Basic 20,285,780 17,139,777 12,445,138 Diluted 20,285,780 17,148,466 12,451,962 Net income (loss) attributable to The Habit Restaurants, Inc. per share Class A common stock Basic $ (0.14 ) $ 0.27 $ 0.22 Diluted $ (0.14 ) $ 0.27 $ 0.22 Below is a reconciliation of basic and diluted share counts Basic 20,285,780 17,139,777 12,445,138 Dilutive effect of stock options and restricted stock units — 8,689 6,824 Diluted 20,285,780 17,148,466 12,451,962

Non-controlling Interests (Tabl

Non-controlling Interests (Tables)	12 Months Ended
	Dec. 26, 2017
Noncontrolling Interest [Abstract]
Summary of Net Income Attributable to Non-Controlling Interests	The non-controlling interests upon the completion of the IPO was 65.5%. Upon completion of the follow-on offering in April 2015, the non-controlling interests portion was 47.1%. The non-controlling interests portion changes as Continuing LLC Owners exchange their LLC Units, together with a corresponding number of shares of Class B common stock, for Class A common stock. The non-controlling interests on the consolidated balance sheet were adjusted to reflect the non-controlling interests portion as of December 26, 2017, which was 21.7%. The amounts of these changes are reflected in the consolidated statements of stockholders’ equity. The amount recorded in equity for fiscal year 2017 was $1.0 million. Net income attributable to non-controlling interests is calculated based on the non-controlling interests ownership percentage in effect at that time. The table below represents the weighted average non-controlling interests for the periods presented (dollar amounts in thousands): Fiscal Year Ended December 26, December 27, December 29, 2017 2016 2015 Income before income taxes and Tax Receivable Agreement liability adjustment (1) $ 6,921 $ 12,946 $ 11,324 Weighted average non-controlling interests ownership percentage 22.2 % 35.8 % 53.7 % Net income attributable to non-controlling interests $ 1,539 $ 4,640 $ 6,082 (1) Tax Receivable Agreement liability adjustment also includes interest expense related to payments made under the TRA. These amounts are included in the Tax Receivable Agreement liability adjustment and interest expense, net lines in the consolidated statements of operations.

Property and Equipment, net (Ta

Property and Equipment, net (Tables)	12 Months Ended
	Dec. 26, 2017
Property Plant And Equipment [Abstract]
Schedule of Property and Equipment	Property and equipment consists of the following: (amounts in thousands) Fiscal Year Ended December 26, December 27, 2017 2016 Leasehold improvements $ 96,318 $ 73,112 Equipment 53,563 39,132 Furniture and fixtures 24,702 21,056 Buildings under deemed landlord financing 13,966 6,221 Smallwares 1,899 1,483 Vehicles 2,209 1,669 Construction in progress 13,700 8,863 206,357 151,536 Less: Accumulated depreciation and amortization (66,401 ) (48,679 ) $ 139,956 $ 102,857

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 26, 2017
Income Tax Disclosure [Abstract]
Income before Provision for Income Taxes	Other significant provisions that are not yet effective but may impact income taxes in future years include: a limitation of net operating losses generated after fiscal 2017 to 80% of taxable income, 100% bonus depreciation for qualified assets, and limitation on entertainment and certain employee fringe benefits. Income before the provision for income taxes as shown in the accompanying consolidated statements of operations is all domestic and is as follows (in thousands): Fiscal Year Ended 2017 2016 2015 Income before provision for income taxes $ 64,120 $ 12,946 $ 11,324
Components of Provision for Income Taxes	Components of the provision for income taxes consist of the following (in thousands): Fiscal Year Ended 2017 2016 2015 Current Federal $ — $ — $ — State and local 8 7 10 Total current expense $ 8 $ 7 $ 10 Deferred expense Federal $ 58,778 $ 3,019 $ 1,919 State and local 6,602 620 544 Total deferred expense $ 65,380 $ 3,639 $ 2,463 Provision for income taxes $ 65,388 $ 3,646 $ 2,473
Reconciliation of U.S. Statutory Income Tax Rate to Habit Restaurants, Inc. Effective Tax Rate	A reconciliation of the U.S. statutory income tax rate to The Habit Restaurants, Inc. effective tax rate is as follows: Fiscal Year Ended 2017 2016 2015 U.S. statutory tax rate 35.0 % 34.0 % 34.0 % State and local taxes, net of federal effect 4.8 % 4.7 % 3.2 % Permanent differences 0.4 % 2.8 % 2.5 % Remeasurement of deferred tax assets in connection with federal rate changes (6.8 )% — — Remeasurement of deferred tax assets in connection with state rate changes 5.7 % — — Hiring credits (0.1 )% (1.0 )% — Remeasurement of deferred tax assets in connection with the enactment of the Tax Cuts and Jobs Act 75.5 % — — Remeasurement of liabilities under Tax Receivable Agreement with the enactment of the Tax Cuts and Jobs Act (11.7 )% — — Income passed through to non-controlling interests (0.8 )% (12.3 )% (17.9 )% Effective tax rate 102.0 % 28.2 % 21.8 %
Summary of Deferred Tax Assets and Liabilities	These temporary differences result in taxable or deductible amounts in future years. Details of The Habit Restaurants, Inc. deferred tax assets and liabilities are summarized as follows (in thousands): Fiscal Year Ended December 26, 2017 December 27, 2016 Deferred tax assets Deferred income $ 2,689 $ 2,934 Deferred rent 1,537 1,649 Tax Receivable Agreement - imputed interest 4,853 11,075 Tax goodwill and intangibles 75,765 137,548 Net operating losses 7,487 5,592 Other 2,606 2,401 Total deferred tax assets 94,937 161,199 Deferred tax liabilities Property and equipment (8,096 ) (10,641 ) Prepaids (155 ) (178 ) Other (513 ) (773 ) Total deferred tax liabilities (8,764 ) (11,592 ) Net deferred tax assets $ 86,173 $ 149,607

Long-Term Debt (Tables)

Long-Term Debt (Tables)	12 Months Ended
	Dec. 26, 2017
Debt Disclosure [Abstract]
Principal and Interest Payments of Deemed Landlord Financing	At December 26, 2017, the principal and interest payments of the Company’s deemed landlord financing (see Note 8) are as follows: (in thousands) Deemed Landlord Fiscal year end Financing 2018 $ 1,093 2019 1,055 2020 987 2021 991 2022 1,045 Thereafter 4,361 $ 9,532

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 26, 2017
Commitments And Contingencies Disclosure [Abstract]
Aggregate Future Minimum Lease Payments	The aggregate future minimum lease payments under non-cancelable operating leases are approximately: (in thousands) Deemed Operating Landlord Fiscal year end Leases Leases 2018 $ 22,364 $ 1,732 2019 26,506 1,702 2020 26,301 1,676 2021 25,783 1,639 2022 23,555 1,604 Thereafter 113,974 6,466 $ 238,483 $ 14,819

Management Incentive Plans (Tab

Management Incentive Plans (Tables)	12 Months Ended
	Dec. 26, 2017
Schedule of Restricted Stock Units, Activity	A summary of stock-based compensation activity related to restricted stock units for fiscal years 2017, 2016 and 2015 is as follows: Units Weighted Average Fair Value Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Beginning Balance at December 30, 2014 — Granted 54,426 $ 31.80 Forfeited (500 ) $ 32.32 Vested — Outstanding and expected to vest at December 29, 2015 53,926 $ 31.79 9.4 $ 1,282,360 Granted 107,003 $ 18.17 Forfeited (5,349 ) $ 24.39 Vested (10,533 ) $ 31.87 Outstanding and expected to vest at December 27, 2016 145,047 $ 22.38 9.0 $ 2,589,089 Granted 140,911 $ 15.81 Forfeited (5,107 ) $ 19.21 Vested (30,299 ) $ 23.08 Outstanding and expected to vest at December 26, 2017 250,552 $ 18.66 8.7 $ 2,380,244
Non-Qualified Stock Options [Member]
Schedule of Non-Qualified Stock Option Grants, Activity	The following table sets forth information about the fair value of the non-qualified stock option grants on the date of grant using the Black-Scholes option-pricing model and the weighted average assumptions used for such a grant: Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Beginning Balance at December 30, 2014 16,666 $ 18.00 9.9 $ 261,323 Granted 159,021 $ 31.54 Forfeited (1,000 ) $ 32.32 Exercised — Outstanding and expected to vest at December 29, 2015 174,687 $ 30.25 9.3 $ — Granted 332,995 $ 18.29 Forfeited (16,242 ) $ 24.37 Exercised — Outstanding and expected to vest at December 27, 2016 491,440 $ 22.69 9.1 $ — Granted 485,491 $ 16.13 Forfeited (15,263 ) $ 20.99 Exercised — Outstanding and expected to vest at December 26, 2017 961,668 $ 19.41 8.6 $ — Exercisable at December 26, 2017 139,754 $ 24.15 7.7 $ — Fiscal Year Ended Disclosure Information 2017 2016 2015 Weighted average fair value of options granted $ 4.30 $ 5.45 $ 7.63 Dividend yield 0.0 % 0.0 % 0.0 % Weighted average risk-free interest rate 1.92 % 1.37 % 1.37 % Weighted average volatility 28.8 % 31.2 % 31.7 % Forfeiture rate 12.4 % 7.4 % 5.2 % Expected term (years) 5.5 5.5 5.5
2014 Omnibus Incentive Plan [Member]
Summary of Stock-Based Compensation Expense Related to Incentive Plan	The stock-based compensation expense related to the 2014 Omnibus Incentive Plan and to units issued under The Habit Restaurants, LLC Management Incentive Plan is summarized in the table below for the periods indicated: (in thousands) December 26, December 27, December 29, 2017 2016 2015 Stock-based compensation expense $ 2,518 $ 1,870 $ 1,200

Quarterly Financial Reporting (

Quarterly Financial Reporting (Tables)	12 Months Ended
	Dec. 26, 2017
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Reporting	(amounts in thousands except per share data) Fiscal Quarter (1) 1Q17 2Q17 3Q17 4Q17 FY17 Total revenue $ 78,636 $ 83,332 $ 84,639 $ 85,091 $ 331,698 Income from operations 4,206 2,753 420 97 7,477 Net income (loss) 2,747 1,713 453 (6,183 ) (1,268 ) Net income (loss) attributable to non- controlling interests 904 601 56 (22 ) 1,539 Net income (loss) attributable to The Habit Restaurants, Inc. $ 1,843 $ 1,112 $ 397 $ (6,161 ) $ (2,807 ) Basic income (loss) per share of Class A common stock $ 0.09 $ 0.05 $ 0.02 $ (0.30 ) $ (0.14 ) Diluted income (loss) per share of Class A common stock $ 0.09 $ 0.05 $ 0.02 $ (0.30 ) $ (0.14 ) Fiscal Quarter (1) 1Q16 2Q16 3Q16 4Q16 FY16 Total revenue $ 66,957 $ 71,116 $ 71,885 $ 73,852 $ 283,810 Income from operations 4,527 3,809 2,494 2,750 13,580 Net income 3,395 2,496 1,446 1,964 9,300 Net income attributable to non- controlling interests 2,014 1,305 677 644 4,640 Net income attributable to The Habit Restaurants, Inc. $ 1,381 $ 1,191 $ 769 $ 1,320 $ 4,660 Basic income per share of Class A common stock $ 0.10 $ 0.07 $ 0.04 $ 0.07 $ 0.27 Diluted income per share of Class A common stock $ 0.10 $ 0.07 $ 0.04 $ 0.07 $ 0.27 1) Certain totals may not sum exactly due to rounding.

Nature of Operations and Basi30

Nature of Operations and Basis of Presentation - Additional Information (Detail)	12 Months Ended
	Dec. 26, 2017EmployeeRestaurantLicenseFranchiseshares	Dec. 27, 2016shares	Dec. 29, 2015shares
Nature Of Operations And Basis Of Accounting Presentation [Line Items]
Place of formation	Delaware
Date of formation	Jul. 24, 2014
Common units held	5,646,572
Voting rights description	Each share of Class B common stock provides its holder with no economic rights but entitles the holder to one vote on matters presented to The Habit Restaurants, Inc.’s stockholders. Holders of Class A common stock and Class B common stock generally vote together as a single class on all matters presented to our stockholders for their vote or approval, except as otherwise required by applicable law.
Number of fast casual restaurants | Restaurant	193
Number of employees | Employee	5,358
Number of license agreements | License	3
Number of franchise agreements | Franchise	6
Number of licensed location | License	3
Number of franchise location | Franchise	13
Restricted Stock Units (RSUs) [Member]
Nature Of Operations And Basis Of Accounting Presentation [Line Items]
Units, vested	30,299	10,533	0
Units, forfeited	5,107	5,349	500
Class B Common Stock [Member]
Nature Of Operations And Basis Of Accounting Presentation [Line Items]
Conversion of common stock	169,216
Units, cancelled	5,334
Habit Restaurants, LLC [Member]
Nature Of Operations And Basis Of Accounting Presentation [Line Items]
Common units held	20,378,452
Economic interest	78.30%
Units, forfeited	5,334

Summary of Significant Accoun31

Summary of Significant Accounting Policies - Additional Information (Detail)	Dec. 22, 2017USD ($)	Dec. 26, 2017USD ($)SegmentDistributor$ / sharesshares	Dec. 27, 2016USD ($)Distributor$ / sharesshares	Dec. 29, 2015USD ($)shares	Apr. 30, 2015	Nov. 25, 2014
Significant Accounting Policies [Line Items]
Number of reportable segment | Segment		1
Cash		$ 7,000,000
Restricted cash		200,000
U.S. Treasury instruments		21,000,000
Asset retirement obligation		$ 176,000	$ 147,000
Royalty rate		5.00%
Royalty revenue		$ 913,000	551,000	$ 197,000
Unredeemed gift certificates and gift cards		1,766,000	1,513,000
Advertising and promotional costs		3,242,000	1,833,000	$ 1,300,000
Uncertain tax liability		$ 152,000	$ 167,000
U.S. corporate effective income tax rate	21.00%	35.00%	34.00%	34.00%
Tax cuts and jobs act change in tax rate deferred tax expense	$ 64,022,000
Tax cuts and jobs act change in tax rate deferred tax expense due to remeasurement of deferred tax assets	40,933,000
Tax cuts and jobs act change in tax rate deferred tax expense related to other income recognized from change in the TRA liability	$ 23,089,000
Percentage of bonus depreciation for qualified assets placed in service inclusion of commissions and performance based compensation	100.00%
Percentage of taxable income generated after current fiscal year	80.00%
Percentage of bonus depreciation for qualified assets limitation on entertainment and certain employee fringe benefits	100.00%
Common units held | shares		5,646,572
Anti-dilutive shares | shares		56,782	1,070	757
Operating lease obligations		$ 238,483,000
ASU No. 2016-02 [Member]
Significant Accounting Policies [Line Items]
Operating lease obligations		253,300,000
ASU No. 2014-09 [Member]
Significant Accounting Policies [Line Items]
Decrease in revenue		$ 300,000	$ 100,000
Decrease in basic and diluted earnings per share | $ / shares		$ 0.02	$ 0.01
2014 Omnibus Incentive Plan [Member]
Significant Accounting Policies [Line Items]
Options granted | shares		1,296,513	670,111	230,113
Options and Restricted Stock Units (RSUs) [Member] | 2014 Omnibus Incentive Plan [Member]
Significant Accounting Policies [Line Items]
Number of shares authorized | shares		2,525,275
Habit Restaurants, LLC [Member]
Significant Accounting Policies [Line Items]
Non-controlling interests ownership percentage		21.70%			47.10%	65.50%
Common units held | shares		20,378,452
Franchise fee revenue [Member]
Significant Accounting Policies [Line Items]
Franchise fee		$ 170,000	$ 125,000	$ 100,000
Franchise area development fees [Member]
Significant Accounting Policies [Line Items]
Franchise fee		$ 290,000	$ 220,000	$ 20,000
Buildings under deemed landlord financing [Member]
Significant Accounting Policies [Line Items]
Property and equipment useful life		40 years
Leasehold improvements [Member]
Significant Accounting Policies [Line Items]
Property and equipment useful life, description		Shorter of the term of the lease, including reasonably assured extensions, or their estimated useful lives.
Purchasing Concentration Risk [Member]
Significant Accounting Policies [Line Items]
Number of distributor | Distributor		4	1
Cost of Goods, Total [Member] | Purchasing Concentration Risk [Member]
Significant Accounting Policies [Line Items]
Concentration Risk, Percentage			46.00%
Cost of Goods, Total [Member] | Purchasing Concentration Risk [Member] | Distributor One [Member]
Significant Accounting Policies [Line Items]
Concentration Risk, Percentage		30.00%
Accounts Payable [Member] | Purchasing Concentration Risk [Member]
Significant Accounting Policies [Line Items]
Concentration Risk, Percentage			74.00%
Accounts Payable [Member] | Purchasing Concentration Risk [Member] | Distributor One [Member]
Significant Accounting Policies [Line Items]
Concentration Risk, Percentage		59.00%
Maximum [Member]
Significant Accounting Policies [Line Items]
Percentage of ownership interest		20.00%
Property and equipment useful life		10 years
Minimum [Member]
Significant Accounting Policies [Line Items]
Property and equipment useful life		3 years

Summary of Significant Accoun32

Summary of Significant Accounting Policies - Schedule of Calculation of Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended																12 Months Ended
	Dec. 26, 2017	[1]	Sep. 26, 2017	[1]	Jun. 27, 2017	[1]	Mar. 28, 2017	[1]	Dec. 27, 2016	[1]	Sep. 27, 2016	[1]	Jun. 28, 2016	[1]	Mar. 29, 2016	[1]	Dec. 26, 2017		Dec. 27, 2016		Dec. 29, 2015
Numerator:
Net income (loss) attributable to controlling and non-controlling interests	$ (6,183)		$ 453		$ 1,713		$ 2,747		$ 1,964		$ 1,446		$ 2,496		$ 3,395		$ (1,268)	[1]	$ 9,300	[1]	$ 8,851
Less: net income attributable to non-controlling interests	22		(56)		(601)		(904)		(644)		(677)		(1,305)		(2,014)		(1,539)	[1]	(4,640)	[1]	(6,082)
Net income (loss) attributable to The Habit Restaurants, Inc.	$ (6,161)		$ 397		$ 1,112		$ 1,843		$ 1,320		$ 769		$ 1,191		$ 1,381		$ (2,807)	[1]	$ 4,660	[1]	$ 2,769
Class A Common Stock [Member]
Denominator: Weighted average shares of Class A common stock outstanding
Basic																	20,285,780		17,139,777		12,445,138
Diluted																	20,285,780		17,148,466		12,451,962
Net income (loss) attributable to The Habit Restaurants, Inc. per share Class A common stock
Basic	$ (0.30)		$ 0.02		$ 0.05		$ 0.09		$ 0.07		$ 0.04		$ 0.07		$ 0.10		$ (0.14)	[1]	$ 0.27	[1]	$ 0.22
Diluted	$ (0.30)		$ 0.02		$ 0.05		$ 0.09		$ 0.07		$ 0.04		$ 0.07		$ 0.10		$ (0.14)	[1]	$ 0.27	[1]	$ 0.22
Below is a reconciliation of basic and diluted share counts
Basic																	20,285,780		17,139,777		12,445,138
Dilutive effect of stock options and restricted stock units																			8,689		6,824
Diluted																	20,285,780		17,148,466		12,451,962
[1]	Certain totals may not sum exactly due to rounding.

Non-controlling Interests - Add

Non-controlling Interests - Additional Information (Detail) - Habit Restaurants, LLC [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 26, 2017	Apr. 30, 2015	Nov. 25, 2014
Noncontrolling Interest [Line Items]
Non-controlling interests ownership percentage	21.70%	47.10%	65.50%
Non-controlling interests recorded in equity	$ (1)

Non-controlling Interests - Sum

Non-controlling Interests - Summary of Net Income Attributable to Non-Controlling Interests (Detail) - USD ($) $ in Thousands

3 Months Ended

12 Months Ended

Dec. 26, 2017

[2]

Sep. 26, 2017

[2]

Jun. 27, 2017

[2]

Mar. 28, 2017

[2]

Dec. 27, 2016

[2]

Sep. 27, 2016

[2]

Jun. 28, 2016

[2]

Mar. 29, 2016

[2]

Dec. 26, 2017

Dec. 27, 2016

Dec. 29, 2015

Noncontrolling Interest [Line Items]

Income before income taxes and Tax Receivable Agreement liability adjustment

[1]

$ 6,921

$ 12,946

$ 11,324

Net income attributable to non-controlling interests

$ (22)

$ 56

$ 601

$ 904

$ 644

$ 677

$ 1,305

$ 2,014

$ 1,539

[2]

$ 4,640

[2]

$ 6,082

Habit Restaurants, LLC [Member]

Noncontrolling Interest [Line Items]

Weighted average non-controlling interests ownership percentage

22.20%

35.80%

53.70%

[1]

Tax Receivable Agreement liability adjustment also includes interest expense related to payments made under the TRA. These amounts are included in the Tax Receivable Agreement liability adjustment and interest expense, net lines in the consolidated statements of operations.

[2]

Certain totals may not sum exactly due to rounding.

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Millions	Dec. 26, 2017	Dec. 27, 2016
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of investments	$ 21
Marketable Securities [Member] | Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of investments	$ 21	$ 32

Property and Equipment, Net - S

Property and Equipment, Net - Schedule of Property and Equipment (Detail) - USD ($) $ in Thousands	Dec. 26, 2017	Dec. 27, 2016
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 206,357	$ 151,536
Less: Accumulated depreciation and amortization	(66,401)	(48,679)
Property and equipment, net	139,956	102,857
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	96,318	73,112
Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	53,563	39,132
Furniture and fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	24,702	21,056
Buildings under deemed landlord financing [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	13,966	6,221
Smallwares [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,899	1,483
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	2,209	1,669
Construction in progress [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 13,700	$ 8,863

Property and Equipment, Net - A

Property and Equipment, Net - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 26, 2017USD ($)Buildings	Dec. 27, 2016USD ($)Buildings	Dec. 29, 2015USD ($)
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 18,761	$ 14,880	$ 11,312
Capitalized internal payroll and other costs related to the new restaurants	$ 2,000	$ 1,500	$ 1,300
Buildings under deemed landlord financing [Member]
Property, Plant and Equipment [Line Items]
Number of owned buildings under deemed landlord financing | Buildings	25	14

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	Dec. 22, 2017	Dec. 26, 2017	Nov. 30, 2014	Sep. 26, 2017	Dec. 26, 2017	Dec. 27, 2016	Dec. 29, 2015	Dec. 30, 2014
Income Tax Contingency [Line Items]
U.S. corporate effective income tax rate	21.00%				35.00%	34.00%	34.00%
Tax cuts and jobs act change in tax rate deferred tax expense	$ 64,022,000
Percentage of bonus depreciation for qualified assets placed in service inclusion of commissions and performance based compensation	100.00%
Tax cuts and jobs act change in tax rate deferred tax expense due to remeasurement of deferred tax assets	$ 40,933,000
Tax cuts and jobs act change in tax rate deferred tax expense related to other income recognized from change in the TRA liability	$ 23,089,000
Percentage of taxable income generated after current fiscal year	80.00%
Percentage of bonus depreciation for qualified assets limitation on entertainment and certain employee fringe benefits	100.00%
Decrease in federal tax rate, remeasured				(6.80%)	5.70%
Increase in state tax rate, remeasured				5.70%	75.50%
Effective tax rate increase related to re-measurement deferred tax asset	63.80%
Percentage of income tax rates					102.00%	28.20%	21.80%
Unrecognized tax benefits		$ 152,000			$ 152,000	$ 167,000
Accrued interest		0			0	0
Accrued penalties		0			0	0
Unrecognized tax benefits, amount of significant increase or decrease within the next twelve months of the reporting date		0			0
Percentage of cash savings required to pay to continuing LLC owners			85.00%
Percentage of tax savings retained			15.00%
TRA payments including accrued interest to related parties		2,040,000
Amounts payable under Tax Receivable Agreement		81,761,000			81,761,000
Tax Receivable Agreement liability adjustment					57,231,000	$ 0
Increase in deferred tax asset					$ 600,000
LIBOR [Member]
Income Tax Contingency [Line Items]
Rate of interest to accrue								2.00%
Minimum [Member]
Income Tax Contingency [Line Items]
Income tax returns, examination period					3 years
Payments anticipated period under Tax Receivable Agreement					20 years
Payment obligation due period under Tax Receivable Agreement					95 days
Maximum [Member]
Income Tax Contingency [Line Items]
Income tax returns, examination period					4 years
Payments anticipated period under Tax Receivable Agreement					25 years
Payment obligation due period under Tax Receivable Agreement					125 days
California [Member]
Income Tax Contingency [Line Items]
Net operating loss carry forwards		17,717,000			$ 17,717,000
Net operating loss carry forwards, expire year					will begin to expire in 2036
Federal [Member]
Income Tax Contingency [Line Items]
Net operating loss carry forwards		29,211,000			$ 29,211,000
Net operating loss carry forwards, expire year					Will begin to expire in 2032
Other State and Local Jurisdictions [Member]
Income Tax Contingency [Line Items]
Net operating loss carry forwards		3,437,000			$ 3,437,000
Net operating loss carry forwards, expire year					Will begin to expire in 2036
Habit Restaurants, Inc. [Member]
Income Tax Contingency [Line Items]
Percentage of income tax rates					42.50%	41.20%	43.20%
Percentage of cash savings required to pay to continuing LLC owners			85.00%
Percentage of tax savings retained			15.00%
Amounts payable under Tax Receivable Agreement		$ 81,800,000			$ 81,800,000	$ 139,600,000
Tax Receivable Agreement liability adjustment					$ 57,231,000

Income Taxes - Income before Pr

Income Taxes - Income before Provision for Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 26, 2017	Dec. 27, 2016	Dec. 29, 2015
Results Of Operations Income Before Income Taxes [Abstract]
Income before provision for income taxes	$ 64,120	$ 12,946	$ 11,324

Income Taxes - Components of Pr

Income Taxes - Components of Provision for Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 26, 2017	Dec. 27, 2016	Dec. 29, 2015
Current
Federal	$ 0	$ 0	$ 0
State and local	8	7	10
Total current expense	8	7	10
Deferred expense
Federal	58,778	3,019	1,919
State and local	6,602	620	544
Total deferred expense	65,380	3,639	2,463
Provision for income taxes	$ 65,388	$ 3,646	$ 2,473

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of U.S. Statutory Income Tax Rate to Habit Restaurants, Inc. Effective Tax Rate (Detail)	Dec. 22, 2017	Sep. 26, 2017	Dec. 26, 2017	Dec. 27, 2016	Dec. 29, 2015
Effective Income Tax Rate Continuing Operations Tax Rate Reconciliation [Abstract]
U.S. statutory tax rate	21.00%		35.00%	34.00%	34.00%
State and local taxes, net of federal effect			4.80%	4.70%	3.20%
Permanent differences			0.40%	2.80%	2.50%
Remeasurement of deferred tax assets in connection with federal rate changes			(6.80%)
Remeasurement of deferred tax assets in connection with state rate changes		(6.80%)	5.70%
Hiring credits			(0.10%)	(1.00%)
Remeasurement of deferred tax assets in connection with the enactment of the Tax Cuts and Jobs Act		5.70%	75.50%
Remeasurement of liabilities under Tax Receivable Agreement with the enactment of the Tax Cuts and Jobs Act			(11.70%)
Income passed through to non-controlling interests			(0.80%)	(12.30%)	(17.90%)
Effective tax rate			102.00%	28.20%	21.80%

Income Taxes - Summary of Defer

Income Taxes - Summary of Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	Dec. 26, 2017	Dec. 27, 2016
Deferred tax assets
Deferred income	$ 2,689	$ 2,934
Deferred rent	1,537	1,649
Tax Receivable Agreement - imputed interest	4,853	11,075
Tax goodwill and intangibles	75,765	137,548
Net operating losses	7,487	5,592
Other	2,606	2,401
Total deferred tax assets	94,937	161,199
Deferred tax liabilities
Property and equipment	(8,096)	(10,641)
Prepaids	(155)	(178)
Other	(513)	(773)
Total deferred tax liabilities	(8,764)	(11,592)
Net deferred tax assets	$ 86,173	$ 149,607

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) - USD ($)	Jan. 04, 2018	Aug. 02, 2017	Dec. 26, 2017	Dec. 27, 2016	Dec. 29, 2015
Financial Standby Letter of Credit [Member] | Subsequent Event [Member]
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity	$ 20,000,000
Credit facility, maturity	Jan. 5, 2019
Letter of credit workers compensation coverage	$ 1,500,000
Credit Facility [Member]
Debt Instrument [Line Items]
Interest expense for the credit facility and prior credit facilities			$ 102,000	$ 130,000	$ 130,000
Habit Restaurants, LLC [Member] | Credit Facility [Member]
Debt Instrument [Line Items]
Borrowings amount outstanding under credit facility			$ 0
Habit Restaurants, LLC [Member] | Credit Facility [Member] | Bank of The West [Member]
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity		$ 20,000,000
Credit facility, maturity		Aug. 2, 2019
Unused commitment fees		$ 0
Credit facility, interest rate description			All borrowings under the Credit Facility will bear interest at a variable rate based upon LIBOR plus the applicable margin for LIBOR loans (as defined in the Credit Facility).
Deferred financing fees		$ 265,000

Long -Term Debt - Principal and

Long -Term Debt - Principal and Interest Payments of Deemed Landlord Financing (Detail) $ in Thousands	Dec. 26, 2017USD ($)
Long-term Debt, Fiscal Year Maturity [Abstract]
2,018	$ 1,093
2,019	1,055
2,020	987
2,021	991
2,022	1,045
Thereafter	4,361
Amount	$ 9,532

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)	12 Months Ended
	Dec. 26, 2017USD ($)Buildings	Dec. 27, 2016USD ($)Buildings	Dec. 29, 2015USD ($)
Other Commitments [Line Items]
Total rent expense	$ 19,847,000	$ 15,709,000	$ 12,249,000
Contingent rentals	803,000	$ 774,000	$ 764,000
Commitments related to new restaurants	$ 13,000,000
Commitments description	In connection with the build out of the restaurants, the Company may be obligated for a portion of the start-up and/or construction costs
Buildings under deemed landlord financing [Member]
Other Commitments [Line Items]
Number of buildings Company is accounting owner | Buildings	25	14
Minimum [Member]
Other Commitments [Line Items]
Operating leases, remaining terms	1 year
Operating leases, renewal terms	5 years
Maximum [Member]
Other Commitments [Line Items]
Operating leases, remaining terms	20 years
Operating leases, renewal terms	20 years

Commitments and Contingencies46

Commitments and Contingencies - Aggregate Future Minimum Lease Payments Under Non-cancelable Operating Leases (Detail) $ in Thousands	Dec. 26, 2017USD ($)
Leases Future Minimum Payments [Line Items]
2,018	$ 22,364
2,019	26,506
2,020	26,301
2,021	25,783
2,022	23,555
Thereafter	113,974
Operating Leases, Future Minimum Payments Due, Total	238,483
Deemed Landlord Leases [Member]
Leases Future Minimum Payments [Line Items]
2,018	1,732
2,019	1,702
2,020	1,676
2,021	1,639
2,022	1,604
Thereafter	6,466
Operating Leases, Future Minimum Payments Due, Total	$ 14,819

Employee Benefit Plan - Additio

Employee Benefit Plan - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 26, 2017	Dec. 27, 2016	Dec. 29, 2015
Compensation And Retirement Disclosure [Abstract]
Discretionary matching contributions	$ 128,000	$ 126,000	$ 87,000
Description of benefit	Certain employees are eligible to participate in the 401k Plan after completing one year of service and reaching the age of 21.

Management Incentive Plans - Su

Management Incentive Plans - Summary of Stock-Based Compensation Expense Related to Incentive Plan (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 26, 2017	Dec. 27, 2016	Dec. 29, 2015
2014 Omnibus Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 2,518	$ 1,870	$ 1,200

Management Incentive Plans - Ad

Management Incentive Plans - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 26, 2017	Dec. 27, 2016	Dec. 29, 2015	Dec. 30, 2014
Non-Qualified Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Closing stock price of common stock	$ 9.50	$ 17.85	$ 23.78	$ 33.68
Unrecognized compensation costs related to options	$ 3.6
Weighted average period, cost expected to be recognized	3 years 6 months
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Closing stock price of common stock	$ 9.50	$ 17.85	$ 23.78
Weighted average period, cost expected to be recognized	3 years 6 months
Unrecognized stock-based compensation expense related to non-vested restricted stock units	$ 3.7
2014 Omnibus Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Incentive plan description	The 2014 Omnibus Incentive Plan will be administered by our board of directors or a committee of our board of directors (the “Administrator”). The Administrator will have the authority to, among other things, interpret the 2014 Omnibus Incentive Plan, determine eligibility for, grant and determine the terms of awards under the 2014 Omnibus Incentive Plan, and to do all things necessary to carry out the purposes of the 2014 Omnibus Incentive Plan. The Administrator’s determinations under the 2014 Omnibus Incentive Plan will be conclusive and binding. The Administrator will determine the time or times at which an award will vest or become exercisable. The maximum term of an award will not exceed ten years from the date of grant.
2014 Omnibus Incentive Plan [Member] | Options and Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized	2,525,275
2014 Omnibus Incentive Plan [Member] | Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award granted expiry date	Nov. 19, 2024
Habit Restaurants LLC Management Incentive Plan [Member] | Class C Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average period, cost expected to be recognized	1 year 4 months 24 days
Unrecognized stock-based compensation expense related to units	$ 0.9

Management Incentive Plans - Sc

Management Incentive Plans - Schedule of Non-Qualified Stock Option Grants, Activity (Detail) - Non-Qualified Stock Options [Member] - USD ($)	12 Months Ended
	Dec. 26, 2017	Dec. 27, 2016	Dec. 29, 2015	Dec. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, Outstanding and expected to vest, Beginning Balance	491,440	174,687	16,666
Options, Granted	485,491	332,995	159,021
Options, Forfeited	(15,263)	(16,242)	(1,000)
Options, Exercised	0	0	0
Options, Outstanding and expected to vest, Ending Balance	961,668	491,440	174,687	16,666
Options, Exercisable	139,754
Weighted Average Exercise Price, Outstanding and expected to vest, Beginning Balance	$ 22.69	$ 30.25	$ 18
Weighted Average Exercise Price, Granted	16.13	18.29	31.54
Weighted Average Exercise Price, Forfeited	20.99	24.37	32.32
Weighted Average Exercise Price, Outstanding and expected to vest, Ending Balance	19.41	$ 22.69	$ 30.25	$ 18
Weighted Average Exercise Price, Exercisable	$ 24.15
Weighted Average Remaining Contractual Term (Years), Outstanding and expected to vest	8 years 7 months 6 days	9 years 1 month 6 days	9 years 3 months 18 days	9 years 10 months 24 days
Weighted Average Remaining Contractual Term (Years), Exercisable	7 years 8 months 12 days
Aggregate Intrinsic Value, Outstanding and expected to vest, Beginning Balance	$ 0	$ 0	$ 261,323
Aggregate Intrinsic Value, Outstanding and expected to vest, Ending Balance	0	$ 0	$ 0	$ 261,323
Aggregate Intrinsic Value, Exercisable	$ 0
Weighted average fair value of options granted	$ 4.30	$ 5.45	$ 7.63
Dividend yield	0.00%	0.00%	0.00%
Weighted average risk-free interest rate	1.92%	1.37%	1.37%
Weighted average volatility	28.80%	31.20%	31.70%
Forfeiture rate	12.40%	7.40%	5.20%
Expected term (years)	5 years 6 months	5 years 6 months	5 years 6 months

Management Incentive Plans - 51

Management Incentive Plans - Schedule of Restricted Stock Units, Activity (Detail) - Restricted Stock Units (RSUs) [Member] - USD ($)	12 Months Ended
	Dec. 26, 2017	Dec. 27, 2016	Dec. 29, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units, Outstanding and expected to vest, Beginning Balance	145,047	53,926	0
Units, Granted	140,911	107,003	54,426
Units, Forfeited	(5,107)	(5,349)	(500)
Units, Vested	(30,299)	(10,533)	0
Units, Outstanding and expected to vest, Ending Balance	250,552	145,047	53,926
Weighted Average Fair Value, Outstanding and expected to vest, Beginning Balance	$ 22.38	$ 31.79
Weighted Average Fair Value, Granted	15.81	18.17	$ 31.80
Weighted Average Fair Value, Forfeited	19.21	24.39	32.32
Weighted Average Fair Value, Vested	23.08	31.87	0
Weighted Average Fair Value, Outstanding and expected to vest, Ending Balance	$ 18.66	$ 22.38	$ 31.79
Weighted Average Remaining Contractual Term (Years), Outstanding and expected to vest	8 years 8 months 12 days	9 years	9 years 4 months 24 days
Aggregate Intrinsic Value, Outstanding and expected to vest	$ 2,380,244	$ 2,589,089	$ 1,282,360

Membership Units - Additional I

Membership Units - Additional Information (Detail)	12 Months Ended
	Dec. 26, 2017USD ($)	Dec. 27, 2016USD ($)	Dec. 29, 2015USD ($)
Members' Equity [Abstract]
Distributions declared	$ 1,110,000	$ 2,077,000	$ 4,623,000
Distributions paid	1,110,000	2,077,000	4,623,000
Unpaid distributions	$ 286,000
Class A Common Stock [Member]
Members' Equity [Abstract]
Common stock trading days	15 days
Stock split ratio	1
Habit Restaurants, LLC [Member]
Members' Equity [Abstract]
Distributions paid	$ 190,000	$ 227,000	$ 269,000

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) - $ / shares	1 Months Ended
	Nov. 30, 2014	Dec. 26, 2017	Dec. 27, 2016
Class Of Stock [Line Items]
Common stock shares, authorized		140,000,000
Class A Common Stock [Member]
Class Of Stock [Line Items]
Common stock shares, authorized		70,000,000	70,000,000
Common stock shares, par value		$ 0.01	$ 0.01
Class A Common Stock [Member] | Investor [Member] | Initial Public Offering [Member]
Class Of Stock [Line Items]
Common stock shares, issued	5,750,000
Common stock shares price	$ 18
Class B Common Stock [Member]
Class Of Stock [Line Items]
Common stock shares, authorized		70,000,000	70,000,000
Common stock shares, par value		$ 0.01	$ 0.01

Quarterly Financial Reporting54

Quarterly Financial Reporting (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended																12 Months Ended
	Dec. 26, 2017	[1]	Sep. 26, 2017	[1]	Jun. 27, 2017	[1]	Mar. 28, 2017	[1]	Dec. 27, 2016	[1]	Sep. 27, 2016	[1]	Jun. 28, 2016	[1]	Mar. 29, 2016	[1]	Dec. 26, 2017	[1]	Dec. 27, 2016	[1]	Dec. 29, 2015
Quarterly Financial Information [Line Items]
Total revenue	$ 85,091		$ 84,639		$ 83,332		$ 78,636		$ 73,852		$ 71,885		$ 71,116		$ 66,957		$ 331,698		$ 283,810		$ 230,602
Income from operations	97		420		2,753		4,206		2,750		2,494		3,809		4,527		7,477		13,580		11,775
Net income (loss)	(6,183)		453		1,713		2,747		1,964		1,446		2,496		3,395		(1,268)		9,300		8,851
Net income (loss) attributable to non- controlling interests	(22)		56		601		904		644		677		1,305		2,014		1,539		4,640		6,082
Net income (loss) attributable to The Habit Restaurants, Inc.	$ (6,161)		$ 397		$ 1,112		$ 1,843		$ 1,320		$ 769		$ 1,191		$ 1,381		$ (2,807)		$ 4,660		$ 2,769
Class A Common Stock [Member]
Quarterly Financial Information [Line Items]
Basic income (loss) per share of Class A common stock	$ (0.30)		$ 0.02		$ 0.05		$ 0.09		$ 0.07		$ 0.04		$ 0.07		$ 0.10		$ (0.14)		$ 0.27		$ 0.22
Diluted income (loss) per share of Class A common stock	$ (0.30)		$ 0.02		$ 0.05		$ 0.09		$ 0.07		$ 0.04		$ 0.07		$ 0.10		$ (0.14)		$ 0.27		$ 0.22
[1]	Certain totals may not sum exactly due to rounding.

Condensed Balance Sheets (Detai

Condensed Balance Sheets (Detail) - USD ($) $ in Thousands	Dec. 26, 2017	Dec. 27, 2016	Dec. 29, 2015	Dec. 30, 2014
ASSETS
Cash and cash equivalents	$ 28,277	$ 44,192	$ 46,991	$ 49,469
Prepaid expenses and other current assets	1,845	1,672
Total current assets	40,133	52,528
Deferred tax assets	86,173	149,607
Total long-term assets	251,991	277,838
Total assets	292,124	330,366
Liabilities
Accrued expenses	6,908	5,608
Income tax payable	153	167
Amounts payable to related parties under Tax Receivable Agreement, current portion	1,908	2,014
Total current liabilities	33,602	27,135
Amounts payable to related parties under Tax Receivable Agreement, net of current portion	79,853	137,593
Total liabilities	147,529	186,479
Commitments and contingencies (Note 3)
Stockholders’ equity
Additional paid-in capital	113,475	110,056
Retained earnings	4,590	7,397
Total stockholders’ equity	144,595	143,887	131,932	116,957
Total liabilities and stockholders’ equity	292,124	330,366
Class A Common Stock [Member]
Stockholders’ equity
Common stock value	204	202
Total stockholders’ equity	204	202	138	90
Class B Common Stock [Member]
Stockholders’ equity
Common stock value	56	58
Total stockholders’ equity	56	58	122	170
Habit Restaurants, Inc. [Member]
ASSETS
Cash and cash equivalents	6,543	6,219	$ 3,882	$ 410
Prepaid expenses and other current assets		6
Total current assets	6,543	6,225
Deferred tax assets	86,173	149,607
Investment in subsidiaries	119,073	109,961
Total long-term assets	205,246	259,568
Total assets	211,789	265,793
Liabilities
Accrued expenses	11,550	8,306
Income tax payable	153	167
Amounts payable to related parties under Tax Receivable Agreement, current portion	1,908	2,014
Total current liabilities	13,611	10,487
Amounts payable to related parties under Tax Receivable Agreement, net of current portion	79,853	137,593
Total liabilities	93,464	148,080
Commitments and contingencies (Note 3)
Stockholders’ equity
Additional paid-in capital	113,475	110,056
Retained earnings	4,590	7,397
Total stockholders’ equity	118,325	117,713
Total liabilities and stockholders’ equity	211,789	265,793
Habit Restaurants, Inc. [Member] | Class A Common Stock [Member]
Stockholders’ equity
Common stock value	204	202
Habit Restaurants, Inc. [Member] | Class B Common Stock [Member]
Stockholders’ equity
Common stock value	$ 56	$ 58

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) (Detail) - $ / shares	Dec. 26, 2017	Dec. 27, 2016	Dec. 29, 2015	Dec. 30, 2014
Common stock, shares authorized	140,000,000
Class A Common Stock [Member]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	70,000,000	70,000,000
Common stock, shares issued	20,378,452	20,178,937
Common stock, shares outstanding	20,378,452	20,178,937	13,759,754	8,974,550
Class B Common Stock [Member]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	70,000,000	70,000,000
Common stock, shares issued	5,646,572	5,821,122
Common stock, shares outstanding	5,646,572	5,821,122	12,241,482	17,028,204
Habit Restaurants, Inc. [Member] | Class A Common Stock [Member]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	70,000,000	70,000,000
Common stock, shares issued	20,378,452	20,178,937
Common stock, shares outstanding	20,378,452	20,178,937
Habit Restaurants, Inc. [Member] | Class B Common Stock [Member]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	70,000,000	70,000,000
Common stock, shares issued	5,646,572	5,821,122
Common stock, shares outstanding	5,646,572	5,821,122

Condensed Statements of Operati

Condensed Statements of Operations (Detail) - USD ($)	3 Months Ended																12 Months Ended
	Dec. 26, 2017	[1]	Sep. 26, 2017	[1]	Jun. 27, 2017	[1]	Mar. 28, 2017	[1]	Dec. 27, 2016	[1]	Sep. 27, 2016	[1]	Jun. 28, 2016	[1]	Mar. 29, 2016	[1]	Dec. 26, 2017		Dec. 27, 2016		Dec. 29, 2015
Revenue	$ 85,091,000		$ 84,639,000		$ 83,332,000		$ 78,636,000		$ 73,852,000		$ 71,885,000		$ 71,116,000		$ 66,957,000		$ 331,698,000	[1]	$ 283,810,000	[1]	$ 230,602,000
Operating expenses
General and administrative expenses																	32,559,000		28,849,000		23,308,000
Total operating expenses																	324,221,000		270,230,000		218,827,000
Income from operations	97,000		420,000		2,753,000		4,206,000		2,750,000		2,494,000		3,809,000		4,527,000		7,477,000	[1]	13,580,000	[1]	11,775,000
Other (income) expense
Tax Receivable Agreement liability adjustment																	(57,231,000)		0
Interest expense, net																	588,000		634,000		451,000
Income before income taxes																	64,120,000		12,946,000		11,324,000
Provision for income taxes																	65,388,000		3,646,000		2,473,000
Net income (loss)	$ (6,183,000)		$ 453,000		$ 1,713,000		$ 2,747,000		$ 1,964,000		$ 1,446,000		$ 2,496,000		$ 3,395,000		(1,268,000)	[1]	9,300,000	[1]	8,851,000
Habit Restaurants, Inc. [Member]
Revenue																	320,000		346,000		479,000
Operating expenses
General and administrative expenses																	320,000		346,000		479,000
Total operating expenses																	320,000		346,000		479,000
Other (income) expense
Equity in net income of subsidiaries																	(5,361,000)		(8,320,000)		(5,242,000)
Tax Receivable Agreement liability adjustment																	(57,231,000)
Interest expense, net																	11,000		14,000
Income before income taxes																	62,581,000		8,306,000		5,242,000
Provision for income taxes																	65,388,000		3,646,000		2,473,000
Net income (loss)																	$ (2,807,000)		$ 4,660,000		$ 2,769,000
[1]	Certain totals may not sum exactly due to rounding.

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Detail) - USD ($)	3 Months Ended																12 Months Ended
	Dec. 26, 2017		Sep. 26, 2017	[1]	Jun. 27, 2017	[1]	Mar. 28, 2017		Dec. 27, 2016		Sep. 27, 2016	[1]	Jun. 28, 2016	[1]	Mar. 29, 2016	[1]	Dec. 26, 2017		Dec. 27, 2016		Dec. 29, 2015
Cash flows from operating activities:
Net income (loss)	$ (6,183,000)	[1]	$ 453,000		$ 1,713,000		$ 2,747,000	[1]	$ 1,964,000	[1]	$ 1,446,000		$ 2,496,000		$ 3,395,000		$ (1,268,000)	[1]	$ 9,300,000	[1]	$ 8,851,000
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Tax Receivable Agreement liability adjustment																	(57,231,000)		0
Deferred income taxes																	65,388,000		3,645,000		2,463,000
Changes in assets and liabilities:
Accrued expenses																	960,000		1,300,000		1,448,000
Income taxes payable																	(1,000)		31,000		(103,000)
Net cash provided by operating activities																	33,607,000		34,003,000		29,860,000
Cash flows from investing activities:
Net cash used in investing activities																	(46,025,000)		(32,649,000)		(27,659,000)
Cash flows from financing activities:
Tax receivable agreement payments to related parties																	(2,040,000)		(2,003,000)		(13,000)
Tax distributions to LLC members																	(920,000)		(1,850,000)		(4,354,000)
Net cash used in financing activities																	(3,497,000)		(4,153,000)		(4,679,000)
Net change in cash and cash equivalents																	(15,915,000)		(2,799,000)		(2,478,000)
Cash and cash equivalents, beginning of period							44,192,000										44,192,000		46,991,000		49,469,000
Cash and cash equivalents, end of period	28,277,000								44,192,000								28,277,000		44,192,000		46,991,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid for interest																	890,000		661,000		416,000
Cash paid for income taxes, net																	1,000		(31,000)		103,000
Habit Restaurants, Inc. [Member]
Cash flows from operating activities:
Net income (loss)																	(2,807,000)		4,660,000		2,769,000
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Tax Receivable Agreement liability adjustment																	(57,231,000)
Deferred income taxes																	65,388,000		3,645,000		2,473,000
Equity in net income of subsidiaries																	5,361,000		8,320,000		5,242,000
Changes in assets and liabilities:
Accrued expenses																	34,000		(15,000)		(362,000)
Income taxes payable																	(1,000)		31,000		(103,000)
Net cash provided by operating activities																	22,000		1,000		(465,000)
Cash flows from investing activities:
Capital contribution in subsidiary																	(900,000)
Net cash used in investing activities																	(900,000)
Cash flows from financing activities:
Tax receivable agreement payments to related parties																	(2,040,000)		(2,003,000)		(13,000)
Tax distributions to LLC members																	3,242,000		4,339,000		3,950,000
Net cash used in financing activities																	1,202,000		2,336,000		3,937,000
Net change in cash and cash equivalents																	324,000		2,337,000		3,472,000
Cash and cash equivalents, beginning of period							$ 6,219,000										6,219,000		3,882,000		410,000
Cash and cash equivalents, end of period	$ 6,543,000								$ 6,219,000								6,543,000		6,219,000		3,882,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid for interest																	33,000		16,000
Cash paid for income taxes, net																	$ 1,000		$ (31,000)		$ 103,000
[1]	Certain totals may not sum exactly due to rounding.

Organization - Additional Infor

Organization - Additional Information (Detail) - Habit Restaurants, Inc. [Member] - Class A Common Stock [Member] - Initial Public Offering [Member] - USD ($) $ / shares in Units, $ in Millions	Apr. 15, 2015	Nov. 25, 2014
Nature Of Operations And Basis Of Accounting Presentation [Line Items]
Initial public offering, share issued	5,750,000	5,750,000
Net proceeds from initial public offering		$ 96.3
Common stock, price per share	$ 30.96	$ 18

Commitments and Contingencies60

Commitments and Contingencies - Additional Information1 (Detail) - USD ($)	1 Months Ended
	Nov. 30, 2014	Dec. 26, 2017	Dec. 27, 2016
Other Commitments [Line Items]
Percentage of cash savings required to pay to continuing LLC owners	85.00%
Percentage of tax savings retained	15.00%
Amounts payable under Tax Receivable Agreement		$ 81,761,000
Habit Restaurants, Inc. [Member]
Other Commitments [Line Items]
Percentage of cash savings required to pay to continuing LLC owners	85.00%
Percentage of tax savings retained	15.00%
Amounts payable under Tax Receivable Agreement		$ 81,800,000	$ 139,600,000