Habit Restaurants 10-K 1 Mar 19 2018 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 25, 2018	Feb. 25, 2019	Jun. 26, 2018
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 25, 2018
Document Fiscal Year Focus	2,018
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	--12-25
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Shell Company	false
Entity Public Float			$ 212
Class A Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		20,678,350
Class B Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		5,378,050

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 25, 2018	Dec. 26, 2017
ASSETS
Cash and cash equivalents	$ 24,894	$ 28,277
Accounts receivable	7,648	8,278
Inventory	2,019	1,733
Prepaid expenses and other current assets	3,383	1,845
Total current assets	37,944	40,133
Property and equipment, net	160,746	139,956
Tradenames	12,500	12,500
Goodwill	9,967	9,967
Deposits and other assets, net	3,531	3,395
Deferred tax assets	87,918	86,173
Total long-term assets	274,662	251,991
Total assets	312,606	292,124
Liabilities
Accounts payable	15,034	12,976
Employee-related accruals	12,587	7,464
Accrued expenses	5,799	6,908
Income tax payable	104	153
Amounts payable to related parties under Tax Receivable Agreement, current portion	552	1,908
Sales taxes payable	3,072	2,750
Deferred rent, current portion	1,884	1,283
Deferred franchise income, current portion	230	149
Total current liabilities	39,262	33,591
Deferred rent, net of current portion	20,598	19,043
Deemed landlord financing	19,804	13,700
Deferred franchise income, net of current portion	806	1,788
Amounts payable to related parties under Tax Receivable Agreement, net of current portion	82,142	79,853
Total liabilities	162,612	147,975
Commitments and contingencies (Note 8)
Stockholders’ equity
Additional paid-in capital	117,053	113,475
Retained earnings	6,921	4,144
The Habit Restaurants, Inc. stockholders’ equity	124,235	117,879
Non-controlling interests	25,759	26,270
Total stockholders’ equity	149,994	144,149
Total liabilities and stockholders’ equity	312,606	292,124
Class A Common Stock [Member]
Stockholders’ equity
Common stock value	207	204
Total stockholders’ equity	207	204
Class B Common Stock [Member]
Stockholders’ equity
Common stock value	54	56
Total stockholders’ equity	$ 54	$ 56

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 25, 2018	Dec. 26, 2017	Dec. 27, 2016	Dec. 29, 2015
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	20,667,718	20,378,452
Common stock, shares outstanding	20,667,718	20,378,452	20,178,937	13,759,754
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	5,381,550	5,646,572
Common stock, shares outstanding	5,381,550	5,646,572	5,821,122	12,241,482

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 25, 2018		Dec. 26, 2017		Dec. 27, 2016
Revenue	$ 402,147	[1]	$ 331,386	[1]	$ 283,685
Restaurant operating costs (excluding depreciation and amortization)
Food and paper cost	$ 119,543		$ 101,683		$ 84,585
Type of Cost, Good or Service [Extensible List]	us-gaap:FoodAndBeverageMember		us-gaap:FoodAndBeverageMember		us-gaap:FoodAndBeverageMember
Labor and related expenses	$ 135,023		$ 110,785		$ 92,588
Occupancy and other operating expenses	72,858		56,796		46,352
General and administrative expenses	38,918		32,559		28,849
Exchange related expenses	130		494		674
Depreciation and amortization expense	24,490		18,761		14,880
Pre-opening costs	2,850		3,062		2,174
Asset impairment	3,082
Loss on disposal of assets	97		81		128
Total operating expenses	396,991		324,221		270,230
Income from operations	5,156	[1]	7,165	[1]	13,455
Other (income) expense
Tax Receivable Agreement liability adjustment	1,555		(57,231)
Interest expense, net	1,018		588		634
Income before income taxes	2,583		63,808		12,821
Provision (benefit) for income taxes	(1,057)		65,388		3,646
Net income (loss)	3,640	[1]	(1,580)	[1]	9,175
Less: net income attributable to non-controlling interests	(863)	[1]	(1,539)	[1]	(4,640)
Net income (loss) attributable to The Habit Restaurants, Inc.	$ 2,777	[1]	$ (3,119)	[1]	$ 4,535
Class A Common Stock [Member]
Net income (loss) attributable to The Habit Restaurants, Inc. per share Class A common stock:
Basic	$ 0.14	[1]	$ (0.15)	[1]	$ 0.26
Diluted	$ 0.13	[1]	$ (0.15)	[1]	$ 0.26
Weighted average shares of Class A common stock outstanding:
Basic	20,538,637		20,285,780		17,139,777
Diluted	20,645,546		20,285,780		17,148,466
[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 [Member]	Non-controlling Interests [Member]
Stockholders' equity at Dec. 29, 2015	$ 131,923		$ 138	$ 122	$ 73,127	$ 2,728	$ 55,808
Stockholders' equity, Shares at Dec. 29, 2015			13,759,754	12,241,482
Net income (loss)	9,175					4,535	4,640
Deferred tax assets	2,862				2,862
Tax distributions	(1,850)						(1,850)
Other distributions	(227)						(227)
Exchanges			$ 64	$ (64)
Exchanges, Shares			6,408,650	(6,408,650)
Restricted stock units vested, shares			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	143,753		$ 202	$ 58	110,056	7,263	26,174
Stockholders' equity, Shares at Dec. 27, 2016			20,178,937	5,821,122
Net income (loss)	(1,580)	[1]				(3,119)	1,539
Deferred tax assets	568				568
Tax distributions	(920)						(920)
Other distributions	(190)						(190)
Exchanges			$ 2	$ (2)
Exchanges, Shares			169,216	(169,216)
Restricted stock units vested, shares			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	144,149		$ 204	$ 56	113,475	4,144	26,270
Stockholders' equity, Shares at Dec. 26, 2017			20,378,452	5,646,572
Net income (loss)	3,640	[1]				2,777	863
Deferred tax assets	(89)				(89)
Tax distributions	(288)						(288)
Other distributions	(132)						(132)
Exchanges			$ 2	$ (2)
Exchanges, Shares			232,801	(232,801)
Restricted stock units vested			$ 1		(1)
Restricted stock units vested, shares			56,465
Non-controlling interests adjustment					1,484		(1,484)
Forfeiture of Class B common stock				(32,221)
Stock-based compensation	2,714				2,184		530
Stockholders' equity at Dec. 25, 2018	$ 149,994		$ 207	$ 54	$ 117,053	$ 6,921	$ 25,759
Stockholders' equity, Shares at Dec. 25, 2018			20,667,718	5,381,550
[1]	Certain totals may not sum exactly due to rounding.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 25, 2018		Dec. 26, 2017		Dec. 27, 2016
Cash flows from operating activities:
Net income (loss)	$ 3,640	[1]	$ (1,580)	[1]	$ 9,175
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization expense	24,490		18,761		14,880
Amortization of financing fees	133		53		42
Stock-based compensation	2,714		2,518		1,870
Tax Receivable Agreement liability adjustment	1,555		(57,231)
Asset impairment	3,082
Loss on disposal of assets	97		81		128
Deferred income taxes	(1,057)		65,388		3,645
Deferred rent	(533)		485		125
Changes in assets and liabilities:
Accounts receivable	3,322		1,484		1,856
Inventory	(286)		(214)		(396)
Prepaid expenses	(1,538)		(190)		(254)
Deposits and other assets	(267)		(276)		(561)
Accounts payable	2,166		1,517		490
Employee-related accruals	5,123		1,104		1,277
Accrued expenses	(854)		1,272		1,425
Income taxes payable	(13)		(1)		31
Sales taxes payable	322		436		270
Net cash provided by operating activities	42,096		33,607		34,003
Cash flows from investing activities:
Purchase of property and equipment	(43,399)		(46,037)		(32,649)
Proceeds on sale of assets			12
Net cash used in investing activities	(43,399)		(46,025)		(32,649)
Cash flows from financing activities:
Tax receivable agreement payments to related parties	(1,438)		(2,040)		(2,003)
Tax distributions to LLC members	(288)		(920)		(1,850)
Other distributions to LLC members	(132)		(190)		(227)
Payments on deemed landlord financing	(220)		(82)		(73)
Financing fees on long-term debt	(2)		(265)
Net cash used in financing activities	(2,080)		(3,497)		(4,153)
Net change in cash and cash equivalents	(3,383)		(15,915)		(2,799)
Cash and cash equivalents, beginning of period	28,277		44,192		46,991
Cash and cash equivalents, end of period	24,894		28,277		44,192
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid for interest	1,120		890		661
Cash paid for income taxes, net	13		1		(31)
NON-CASH FINANCING
Deemed landlord financing	6,325		7,746		3,672
Unpaid purchase of property and equipment	$ 2,762		$ 4,063		$ 1,917
[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. 25, 2018
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 2018, 232,801 common units in The Habit Restaurants, LLC (“LLC Units”) were exchanged by the existing owners of The Habit Restaurants, LLC (the “Continuing LLC Owners”), for shares of Class A common stock, and a corresponding number of shares of Class B common stock were then cancelled in connection with such exchanges. In addition, during fiscal year 2018, 56,465 restricted stock units vested, 32,221 LLC Units were forfeited; and a corresponding number of 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 25, 2018, The Habit Restaurants, Inc. directly or indirectly held 20,667,718 LLC Units, representing a 79.3% 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 223 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 6,093 employees as of December 25, 2018. 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 five licensing and seven franchise agreements through the period ended December 25, 2018. The Company has five licensed locations and 19 franchise locations as of December 25, 2018. 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 2018, 2017 and 2016, which ended on December 25, 2018, December 26, 2017 and December 27, 2016, respectively, were 52-week fiscal years.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 25, 2018
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 25, 2018, 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. The Company’s significant estimates include estimates for impairment of property and equipment, workers’ compensation insurance reserves, stock-based compensation expense and income tax receivable liabilities. 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 25, 2018 and December 26, 2017, the Company maintained approximately $9.5 million and $6.9 million, respectively, of its day-to-day operating cash balances with a major financial institution, of which $0.4 million and $0.2 million, respectively, represents restricted cash in an impound account for franchisees in the state of Washington and the state of Illinois. At December 25, 2018 and December 26, 2017, the Company maintained approximately $0.3 million at the restaurant level for operating purposes. The remaining $15.1 million and $21.1 million at December 25, 2018 and December 26, 2017, respectively, was invested with a major financial institution and consisted entirely of U.S. Treasury instruments with a maturity of three months or less at the date of purchase. At December 25, 2018 and December 26, 2017 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 had four distributors covering different markets in fiscal year 2018. One of those distributors accounted for 39% of purchases for the fiscal year 2018. This vendor represented approximately 59% of accounts payable at December 25, 2018. That vendor accounted for 30% of purchases and 59% of accounts payable for the year ended December 26, 2017. In December 2018 we entered into a new agreement to replace one of our four food distributors. 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 a discounted cash flow analysis. Based on its review, the Company determined that the carrying value of three restaurants in the Orlando, Florida market were not recoverable, and as a result, recorded a non-cash impairment charge of $3.1 million in fiscal year 2018. 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 $0.2 million and $0.2 million at December 25, 2018 and December 26, 2017, respectively. Self-insurance program —Beginning in fiscal year 2018, the Company began a modified self-insurance workers’ compensation program. In order to minimize the exposure under the self-insurance program, the Company purchased stop-loss coverage both on a per-occurrence and on an aggregate basis. The self-insured losses under the program are accrued based on the Company’s estimate of the expected liability for both claims incurred and incurred but not reported basis. The accruals for the modified self-insurance program involve certain management judgments and assumptions regarding the frequency and severity of claims, recent historical patterns of claim development, independent actuarial assessments, and the Company’s experience with claim-reserve management and settlement practices. These accruals are included in employee-related accruals in the accompanying condensed consolidated balance sheet for the fiscal 2018 year. As of December 25, 2018, the accrual related to the self-insurance workers’ compensation program was $3.1 million. The Company’s actual losses may be significantly different than the estimates currently recorded. Revenue recognition —The Company recognizes revenue when products are delivered to the customers or meals are served. Revenue recognized excludes sales taxes. Franchise/license fee revenue —Franchise/license fee revenue consists of fees charged to franchise/license owners who enter into a franchise/license agreement with the Company. Initial franchise/license fees are recognized as revenue as the performance obligations of the contract are satisfied. The Company has identified separate performance obligations over the term of the contract and recognizes revenue as those performance obligations are satisfied. These performance obligations include rights to use trademarks and intellectual property, initial training and other operational support visits. There was franchise/license fee revenue of $0.2 million, $0.1 million and $0.1 million recognized in fiscal years 2018, 2017 and 2016, 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 $1.5 million, $0.9 million and $0.6 million recognized in fiscal years 2018, 2017 and 2016, 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. In the event of a termination of a franchise/license agreement these fees may be recognized as revenue at the time of termination. There were franchise area development fees of $1.2 million, $0.1 million and $0.1 million recognized in fiscal years 2018, 2017 and 2016, respectively. Included in the fiscal year 2018 amount is $1.1 million related to the termination of two franchise agreements in fiscal year 2018. 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 cards —Revenue related to the sale of gift cards is deferred until the gift card is redeemed. Outstanding gift cards are tracked by a third-party administrator. The balance of unredeemed gift cards was $2.1 million and $1.8 million at December 25, 2018 and December 26, 2017, respectively, and is included in accrued expenses in the accompanying consolidated balance sheets. Gift cards do not carry an expiration date; therefore, customers can redeem their gift cards for products indefinitely and the Company does not deduct non-usage fees from outstanding gift card balances. A certain amount of gift cards will not be redeemed and may become breakage income or may need to be remitted to the various states. To date, the Company has not recognized breakage income of gift cards or remitted any amounts to the various states. Advertising costs —Advertising and promotional costs are expensed as incurred. Advertising and promotions expense totaled $3.6 million, $3.2 million and $1.8 million for the fiscal years ended December 25, 2018, December 26, 2017 and December 27, 2016, 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 $0.1 million at December 25, 2018. However, the Company continues to not recognize interest expense for uncertain tax positions for the year ended December 25, 2018 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 accounted 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 (the 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. As of December 25, 2018, the Company’s accounting for the Act is complete. 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 25, 2018 and December 26, 2017, the non-controlling interest was 20.7% and 21.7%, respectively. 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 2018, 2017 and 2016: Fiscal Years Ended December 25, December 26, December 27, (amounts in thousands, except share and per share data) 2018 2017 2016 Numerator: Net income (loss) attributable to controlling and non-controlling interests $ 3,640 $ (1,580 ) $ 9,175 Less: net income attributable to non-controlling interests $ (863 ) $ (1,539 ) $ (4,640 ) Net income (loss) attributable to The Habit Restaurants, Inc. $ 2,777 $ (3,119 ) $ 4,535 Denominator: Weighted average shares of Class A common stock outstanding Basic 20,538,637 20,285,780 17,139,777 Diluted 20,645,546 20,285,780 17,148,466 Net income (loss) attributable to The Habit Restaurants, Inc. per share Class A common stock Basic $ 0.14 $ (0.15 ) $ 0.26 Diluted $ 0.13 $ (0.15 ) $ 0.26 Below is a reconciliation of basic and diluted share counts Basic 20,538,637 20,285,780 17,139,777 Dilutive effect of stock options and restricted stock units 106,909 — 8,689 Diluted 20,645,546 20,285,780 17,148,466 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 5,381,550 LLC Units on the diluted EPS had no impact and were therefore excluded from the calculation. As of December 25, 2018, there were 2,525,275 options authorized under our 2014 Omnibus Incentive Plan of which 1,950,726, 1,296,513, and 670,111 had been granted as of December 25, 2018, December 26, 2017 and December 27, 2016, respectively. The number of dilutive shares of Class A common stock related to these options was calculated using the treasury stock method and 5,576, 56,782 and 1,070 shares have been excluded from the diluted EPS for fiscal years 2018, 2017 and 2016, 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. In July 2018, the FASB issued ASU 2018-11 which provides an alternative transition method that allows entities to apply the new leases standard at the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. This transition method option is in addition to the existing transition method of 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 will use the cumulative-effect transition method. The Company has elected to take 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 currently expects to recognize approximately $174 million for lease liabilities based on the present value of the remaining minimum rental payments using discount rates as of the effective date and approximately $150 million for right-of-use assets based upon the lease liabilities adjusted for deferred rent and lease incentives on its consolidated balance sheet at adoption. The Company will also recognize an increase of approximately $1.0 million, net of tax, in the opening balance of equity related to the derecognition of the buildings that the Company had determined that it was the accounting owner of under build to suit lease guidance contained in ASC 840. The Company has determined that its existing operating leases will not have a material impact on its consolidated income statement under the new standard. The leases where the Company had previously determined that it was the accounting owner will be accounted for as operating leases under the new standard which will result in an increase in occupancy and other operating expenses and a decrease in depreciation and amortization expense and interest expense, net on its consolidated income statement. 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 the new reporting, disclosure and audit for this standard update on its consolidated financial statements. Recently Adopted Accounting Pronouncements — In March 2016, the FASB issued ASU No. 2016–04, “Liabilities – Extinguishment of Liabilities: Recognition of Breakage for Certain Prepaid Stored–Value Products,” which is intended to eliminate current and future diversity in practice related to derecognition of prepaid stored–value product liability in a way that aligns with the new revenue recognition guidance. The update is effective for fiscal years beginning after December 15, 2017; with early adoption permitted. The Company adopted this ASU in the first quarter of fiscal 2018 and there was no impact on our 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. The Company adopted this ASU in the first quarter of fiscal 2018 using the full retrospective approach and accordingly, has adjusted all prior periods reported for the effect of this new guidance. The new revenue guidance does not have an impact on the recognition of revenue from company-operated restaurants or royalty revenue and development fees from franchisees and licensees. Additionally, the new revenue guidance does not impact the revenue recognized from gift cards. The new guidance does impact the revenue recognition of initial franchise and license fees. Previously, the Company recognized the initial franchise or license fee as revenue when the restaurant opened. Under the new guidance, the Company has identified separate performance obligations over the term of the contract and will recognize revenue as those performance obligations are satisfied. These performance obligations include rights to use trademarks and intellectual property, initial training and other operational support visits. The Company recognized a reduction of $9,000 to retained earnings as the cumulative effect of adoption of this accounting change as of December 29, 2015 with a corresponding increase of deferred franchise income on the condensed consolidated balance sheet. The Company also recognized a decrease in revenue of $312,000 and $125,000, as previously reported, for fiscal year 2017 and fiscal year 2016, respectively, as a result of the adoption of this new standard. The Company also recognized a decrease of $0.01 in basic and diluted earnings per share for both fiscal year 2017 and fiscal year 2016 as a result of the revenue adjustments made related to the adoption of this new standard.

Non-controlling Interests

Non-controlling Interests	12 Months Ended
	Dec. 25, 2018
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 25, 2018, which was 20.7%. The amounts of these changes are reflected in the consolidated statements of stockholders’ equity. The amount recorded in equity for fiscal year 2018 was $1.5 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 25, December 26, December 27, 2018 2017 2016 Income before income taxes of The Habit Restaurants, LLC and its subsidiaries $ 4,067 $ 6,609 $ 12,821 Weighted average non-controlling interests ownership percentage 21.2 % 23.3 % 36.2 % Net income attributable to non-controlling interests $ 863 $ 1,539 $ 4,640

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 25, 2018
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 25, 2018 and December 26, 2017 was approximately $15.1 million and $21.1 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. 25, 2018
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 25, December 26, 2018 2017 Leasehold improvements $ 120,890 $ 96,318 Equipment 68,532 53,563 Furniture and fixtures 28,487 24,702 Buildings under deemed landlord financing 19,566 13,966 Smallwares 2,260 1,899 Vehicles 2,392 2,209 Construction in progress 8,370 13,700 250,497 206,357 Less: Accumulated depreciation and amortization (89,751 ) (66,401 ) $ 160,746 $ 139,956 Depreciation and amortization expenses were $24.5 million, $18.8 million and $14.9 million for the years ended December 25, 2018, December 26, 2017 and December 27, 2016, 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 31 buildings and 25 buildings under deemed landlord financing as of December 25, 2018 and December 26, 2017, 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 $1.9 million, $2.0 million and $1.5 million for the years ended December 25, 2018, December 26, 2017 and December 27, 2016, respectively.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 25, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Note 6—Income Taxes The Habit Restaurants, Inc. is subject to U.S. federal and state income taxation on its allocable portion of the income of The Habit Restaurants, LLC. The “Provision for income taxes” in the accompanying consolidated statements of operations for fiscal years ended December 25, 2018, December 26, 2017, and December 27, 2016 is based on an estimate of the Company’s annualized effective income tax rate. The Habit Restaurants, LLC operates as a limited liability company which is not itself subject to federal income tax. Accordingly, the portion of the Company’s subsidiary earnings attributable to the non-controlling interests are subject to tax when reported as a component of the non-controlling interests’ taxable income. As a result of the recapitalization and the IPO that occurred in fiscal year 2014, the portion of The Habit Restaurants, LLC’s income attributable to The Habit Restaurants Inc. is now subject to U.S. federal, state and local income taxes and is taxed at the prevailing corporate tax rates. The income tax provision reflects a tax rate of (40.9)%, 102.5% and 28.4% for fiscal years ended December 25, 2018, December 26, 2017 and December 27, 2016, respectively. The effective tax rate varies significantly from the federal statutory rate due to the income attributable to the non-controlling interests which is not taxed at the entity level. The change in tax rate for fiscal years ended December 25, 2018, December 26, 2017 and December 27, 2016 is a result of the changes in annual taxable income and related state income taxes (and forecasts thereof which are used to calculate the tax provision during interim periods), and the deferred remeasurement for tax reform rate change in 2017. The income tax provision would reflect an effective tax rate of 28.8%, 42.5% and 41.2% for fiscal years ended December 25, 2018, December 26, 2017 and December 27, 2016, respectively, if all of the income was taxed at Habit Restaurants, Inc. and the impact of non-recurring and discrete items and the non-controlling interests was disregarded. 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 2018 2017 2016 Income before provision for income taxes $ 2,583 $ 63,808 $ 12,821 Components of the provision for income taxes consist of the following (in thousands): Fiscal Year Ended 2018 2017 2016 Current Federal $ — $ — $ — State and local 13 8 7 Total current expense $ 13 $ 8 $ 7 Deferred expense Federal $ 850 $ 58,778 $ 3,019 State and local (1,920 ) 6,602 620 Total deferred expense $ (1,070 ) $ 65,380 $ 3,639 Provision (benefit) for income taxes $ (1,057 ) $ 65,388 $ 3,646 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 2018 2017 2016 U.S. statutory tax rate 21.0 % 35.0 % 34.0 % State and local taxes, net of federal effect 4.7 % 4.8 % 4.7 % Permanent differences 4.1 % 0.4 % 2.8 % Shortfall from restricted stock units 5.8 % 0.2 % 0.3 % Remeasurement of deferred tax assets in connection with federal rate changes — (6.8 )% — Remeasurement of deferred tax assets in connection with state rate changes (66.4 )% 5.7 % — Hiring credits (3.2 )% (0.1 )% (1.0 )% Remeasurement of deferred tax assets in connection with the enactment of the Tax Cuts and Jobs Act — 75.9 % — Remeasurement of liabilities under Tax Receivable Agreement with the enactment of the Tax Cuts and Jobs Act — (11.8 )% — Income passed through to non-controlling interests (6.9 )% (0.8 )% (12.4 )% Effective tax rate (40.9 )% 102.5 % 28.4 % The effective tax rate 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. 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 25, 2018 December 26, 2017 Deferred tax assets Deferred income $ 2,417 $ 2,689 Deferred rent 1,874 1,537 Tax Receivable Agreement - imputed interest 4,999 4,853 Tax goodwill and intangibles 73,243 75,765 Net operating losses 11,792 7,487 Other 4,653 2,606 Total deferred tax assets 98,978 94,937 Deferred tax liabilities Property and equipment (10,149 ) (8,096 ) Prepaids (163 ) (155 ) Other (748 ) (513 ) Total deferred tax liabilities (11,060 ) (8,764 ) Net deferred tax assets $ 87,918 $ 86,173 The net increase in deferred tax assets was primarily due to 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 25, 2018, the Company had federal, California and other state net operating loss carry forwards of $47.7 million, $21.3 million, and $6.2 million, 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 25, 2018 and December 26, 2017 are $103,000 and $152,000, 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 2018 was due to statute 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 25, 2018 and December 26, 2017 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, 2019. 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. Effects of the Tax Cuts and Jobs Act The 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. Given the significance of the legislation, the SEC staff issued 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 Act. As of December 25, 2018, the Company’s accounting for the Act is complete. As noted at the fiscal year ended December 26, 2017, the Company was able to reasonably estimate certain effects related to the reduction in the U.S. corporate income tax rate to 21%, including the impact of the Company’s assessment of 100% bonus depreciation for qualified assets placed in service after September 27, 2017 and the inclusion of performance-based compensation in determining the excessive compensation limitation. Therefore, the Company recorded provisional adjustments associated with these items during the fiscal year ended December 26, 2017. During the first quarter of fiscal 2018, the Company updated its provision adjustments as related to the bonus depreciation for qualified assets and the impact related to the TRA payments, resulting in a reduction in the current portion of the Tax Receivable Agreement liability of $0.7 million that did not impact the Company’s effective tax rate. The Company did not adjust its provisional adjustments during the second and third quarters of fiscal 2018. As of December 25, 2018, the Company has completed its reasonable estimate with respect to the limitation on future entertainment and certain employee fringe benefits in accordance with the enactment of the Act. The Company has applied the limitation to costs applicable under the new limitation and applied the impact related to the timing of future TRA payments. 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 2018, the Company made TRA payments, including accrued interest, of $1.5 million to related parties. As of December 25, 2018, the Company recorded a liability of $82.7 million, representing the payments due to the Continuing LLC Owners under the TRA. As of December 25, 2018, $0.6 million of the liability is classified as a current liability. 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 were $1.6 million in fiscal year 2018 and are reflected in the consolidated statements of operations. The amounts of these adjustments resulted in other income of $57.2 million for fiscal year 2017 and are reflected in the consolidated statements of operations. This adjustment was primarily attributed to the U.S. corporate income tax rate effective in 2018 under the Tax Cuts and Jobs Act. 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 2018 due to changes of the deferred tax assets associated with the tax basis increase was $0.1 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. 25, 2018
Debt Disclosure [Abstract]
Long-Term Debt	Note 7—Long-Term Debt On August 2, 2017, The Habit Restaurants, LLC executed a $20 million credit facility with Bank of the West (the “Credit Facility”) that matures on August 2, 2019. In October 2018, the Company extended the maturity date on the Credit Facility to August 1, 2020. 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 $0.3 million 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 25, 2018, 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. The Credit Facility is secured by all the assets of The Habit Restaurants, LLC, and the Company is required to comply with certain financial covenants therein. The Credit Facility contains customary representations, warranties, negative and affirmative covenants, including a maximum lease adjusted leverage ratio of 4.00 to 1.00 and a minimum EBITDA of $21.4 million for the twelve-month period then ended at the end of each fiscal quarter. As of December 25, 2018, The Company and The Habit Restaurants, LLC were in compliance with all covenants. Interest expense for the Credit Facility and prior credit facilities amounted to $0.2 million, $0.1 million and $0.1 million for fiscal year ended December 25, 2018, December 26, 2017 and December 27, 2016, 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 for $1.5 million related to the Company’s self-insured workers’ compensation coverage. In conjunction with the renewal of the Company’s self-insured workers’ compensation coverage in October 2018, the Company increased its irrevocable standby letter of credit to $3.25 million. The increased standby letter of credit expires on January 5, 2020. This letter of credit is a reduction of the borrowing capacity or our Credit Facility. At December 25, 2018, 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 2019 $ 1,504 2020 1,446 2021 1,461 2022 1,515 2023 1,458 Thereafter 6,084 $ 13,468

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 25, 2018
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 $24.0 million, $19.8 million and $15.7 million for the fiscal years ended December 25, 2018, December 26, 2017 and December 27, 2016, respectively, and is included in occupancy and other operating expenses, general and administrative expenses and pre-opening costs. Included in rent expense was $0.9 million, $0.8 million and $0.8 million 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 25, 2018, December 26, 2017 and December 27, 2016, 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 25, 2018 and December 26, 2017, 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 31 and 25 leased buildings as a result of the application of build-to-suit lease accounting as of December 25, 2018 and December 26, 2017, respectively. The aggregate future minimum lease payments under non-cancelable operating leases are approximately: (in thousands) Deemed Operating Landlord Fiscal year end Leases Leases 2019 $ 24,944 $ 2,432 2020 27,197 2,405 2021 27,043 2,369 2022 24,852 2,333 2023 23,406 2,240 Thereafter 108,375 9,658 $ 235,817 $ 21,437 Future commitments —The Company’s growth strategy includes new restaurant openings during fiscal year 2019 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 25, 2018, the Company had approximately $5.7 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. 25, 2018
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 $0.1 million, $0.1 million and $0.1 million for the fiscal years ended December 25, 2018, December 26, 2017 and December 27, 2016, respectively.

Management Incentive Plans

Management Incentive Plans	12 Months Ended
	Dec. 25, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
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 25, December 26, December 27, 2018 2017 2016 Stock-based compensation expense $ 2,714 $ 2,518 $ 1,870 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 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 $ — Granted 479,000 $ 9.41 Forfeited (124,834 ) $ 17.65 Exercised — Outstanding and expected to vest at December 25, 2018 1,315,834 $ 15.71 8.2 $ — Exercisable at December 25, 2018 294,459 $ 21.52 7.2 $ — Fiscal Year Ended Disclosure Information 2018 2017 2016 Weighted average fair value of options granted $ 3.03 $ 4.30 $ 5.45 Dividend yield 0.0 % 0.0 % 0.0 % Weighted average risk-free interest rate 2.73 % 1.92 % 1.37 % Weighted average volatility 28.6 % 28.8 % 31.2 % Forfeiture rate 16.7 % 12.4 % 7.4 % Expected term (years) 5.6 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 2018 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 25, 2018, December 26, 2017, December 27, 2016 and December 29, 2015 and multiplying this result by the related number of options outstanding and expected to vest at December 25, 2018, December 26, 2017, December 27, 2016 and December 29, 2015 and exercisable at December 25, 2018. The fair values of the common stock used in the above calculations were $10.09 per share, $9.50 per share, $17.85 per share and $23.78 per share, the closing prices of the Company’s common stock on December 24, 2018, December 26, 2017, December 27, 2016 and December 29, 2015, respectively, the last trading day of each fiscal year. There was approximately $3.7 million of total unrecognized compensation costs related to options granted under the Plan as of December 25, 2018. That cost is expected to be recognized over a weighted average period of 3.2 years. Restricted Stock Units: A summary of stock-based compensation activity related to restricted stock units for fiscal years 2018, 2017 and 2016 is as follows: Units Weighted Average Fair Value Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Beginning Balance 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 Granted 175,213 $ 9.72 Forfeited (30,067 ) $ 17.13 Vested (56,465 ) $ 19.52 Outstanding and expected to vest at December 25, 2018 339,233 $ 14.04 8.6 $ 3,422,861 The aggregate intrinsic value in the table above is obtained by multiplying the related number of units outstanding and expected to vest at December 25, 2018, December 26, 2017, December 27, 2016 and December 29, 2015, by the estimated fair value of the common stock as of December 25, 2018, December 26, 2017, December 27, 2016 and December 29, 2015. The estimated fair value of the common stock as of December 25, 2018, December 26, 2017, December 27, 2016 and December 29, 2015 used in the above calculation was $10.09, $9.50, $17.85 and $23.78 per share, the closing prices of the Company’s common stock on December 24, 2018, 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 25, 2018, total unrecognized stock-based compensation expense related to non-vested restricted stock units was approximately $4.0 million. That cost is expected to be recognized over a weighted average period of 3.2 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 25, 2018, there was approximately $0.2 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 0.4 years.

Membership Units

Membership Units	12 Months Ended
	Dec. 25, 2018
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 $0.4 million, $1.1 million and $2.1 million were declared and paid for the fiscal years ended December 25, 2018, December 26, 2017 and December 27, 2016, 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 $0.1 million, $0.2 million and $0.2 million on such amounts were paid as of December 25, 2018, December 26, 2017 and December 27, 2016, respectively, and are included in the distributions above. The amount of the unpaid distribution as of December 25, 2018 amounted to $0.1 million. 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 LLC 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. 25, 2018
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. 25, 2018
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Reporting	Note 13—Quarterly Financial Reporting (Unaudited) (amounts in thousands except per share data) Fiscal Quarter (1) 1Q18 2Q18 3Q18 4Q18 FY18 Total revenue $ 91,948 $ 102,852 $ 104,639 $ 102,708 $ 402,147 Income (loss) from operations 407 3,914 (899 ) 1,735 5,156 Net income (loss) 689 2,829 (864 ) 986 3,640 Net income (loss) attributable to non- controlling interests 35 773 (244 ) 299 863 Net income (loss) attributable to The Habit Restaurants, Inc. $ 654 $ 2,056 $ (620 ) $ 687 $ 2,777 Basic income (loss) per share of Class A common stock $ 0.03 $ 0.10 $ (0.03 ) $ 0.03 $ 0.14 Diluted income (loss) per share of Class A common stock $ 0.03 $ 0.10 $ (0.03 ) $ 0.03 $ 0.13 Fiscal Quarter (1) 1Q17 2Q17 3Q17 4Q17 FY17 Total revenue $ 78,591 $ 83,337 $ 84,610 $ 84,849 $ 331,386 Income (loss) from operations 4,161 2,758 391 (145 ) 7,165 Net income (loss) 2,702 1,718 424 (6,425 ) (1,580 ) Net income (loss) attributable to non- controlling interests 904 601 56 (22 ) 1,539 Net income (loss) attributable to The Habit Restaurants, Inc. $ 1,798 $ 1,117 $ 368 $ (6,403 ) $ (3,119 ) Basic income (loss) per share of Class A common stock $ 0.09 $ 0.06 $ 0.02 $ (0.31 ) $ (0.15 ) Diluted income (loss) per share of Class A common stock $ 0.09 $ 0.05 $ 0.02 $ (0.31 ) $ (0.15 ) 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. 25, 2018
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 25, December 26, 2018 2017 (in thousands, except share data) ASSETS Cash and cash equivalents $ 6,181 $ 6,543 Total current assets 6,181 6,543 Deferred tax assets 87,918 86,173 Investment in subsidiaries 125,342 118,517 Total long-term assets 213,260 204,690 Total assets $ 219,441 $ 211,233 LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities Accrued expenses 12,408 11,440 Income tax payable 104 153 Amounts payable to related parties under Tax Receivable Agreement, current portion 552 1,908 Total current liabilities 13,064 13,501 Amounts payable to related parties under Tax Receivable Agreement, net of current portion 82,142 79,853 Total liabilities 95,206 93,354 Commitments and contingencies (Note 3) Stockholders’ equity Class A common stock, par value $0.01 per share; 70,000,000 shares authorized and 20,667,718 shares issued and outstanding at December 25, 2018 and 20,378,452 shares issued and outstanding at December 26, 2017. 207 204 Class B common stock, par value $0.01 per share; 70,000,000 shares authorized and 5,381,550 shares issued and outstanding at December 25, 2018 and 5,646,572 shares issued and outstanding at December 26, 2017. 54 56 Additional paid-in capital 117,053 113,475 Retained earnings 6,921 4,144 Total stockholders’ equity 124,235 117,879 Total liabilities and stockholders’ equity $ 219,441 $ 211,233 See notes to condensed financial statements. THE HABIT RESTAURANTS, INC. CONDENSED STATEMENTS OF OPERATIONS (PARENT COMPANY ONLY) Fiscal Years Ended December 25, December 26, December 27, 2018 2017 2016 (amounts in thousands) Intercompany revenue $ 449 $ 320 $ 346 Operating expenses General and administrative expenses 449 320 346 Total operating expenses 449 320 346 Operating income — — — Other (income) expense Equity in net income of subsidiaries (3,204 ) (5,049 ) (8,195 ) Tax Receivable Agreement liability adjustment 1,555 (57,231 ) — Interest expense, net (71 ) 11 14 Income before income taxes 1,720 62,269 8,181 Provision (benefit) for income taxes (1,057 ) 65,388 3,646 Net income (loss) $ 2,777 $ (3,119 ) $ 4,535 See notes to condensed financial statements. THE HABIT RESTAURANTS, INC. CONDENSED STATEMENTS OF CASH FLOWS (PARENT COMPANY ONLY) Fiscal Years Ended December 25, December 26, December 27, 2018 2017 2016 (amounts in thousands) Cash flows from operating activities: Net income (loss) $ 2,777 $ (3,119 ) $ 4,535 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Tax Receivable Agreement liability adjustment 1,555 (57,231 ) — Deferred income taxes (1,057 ) 65,388 3,645 Equity in net income of subsidiaries (3,204 ) (5,049 ) (8,195 ) Changes in assets and liabilities: Accrued expenses 39 34 (15 ) Income taxes payable (13 ) (1 ) 31 Net cash provided by (used in) operating activities 97 22 1 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 (1,464 ) (2,040 ) (2,003 ) Tax distributions to LLC members 1,005 3,242 4,339 Net cash provided by financing activities (459 ) 1,202 2,336 Net change in cash and cash equivalents (362 ) 324 2,337 Cash and cash equivalents, beginning of period 6,543 6,219 3,882 Cash and cash equivalents, end of period $ 6,181 $ 6,543 $ 6,219 SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION Cash paid for interest $ 26 $ 33 $ 16 Cash paid for income taxes, net $ 13 $ 1 $ (31 ) 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 25, 2018 and December 26, 2017, the Company recorded a liability of $82.7 million and $81.8 million, respectively, representing the payments due to the Continuing LLC Owners under the TRA.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 25, 2018
Accounting Policies [Line Items]
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 25, 2018, 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. The Company’s significant estimates include estimates for impairment of property and equipment, workers’ compensation insurance reserves, stock-based compensation expense and income tax receivable liabilities.
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 25, 2018 and December 26, 2017, the Company maintained approximately $9.5 million and $6.9 million, respectively, of its day-to-day operating cash balances with a major financial institution, of which $0.4 million and $0.2 million, respectively, represents restricted cash in an impound account for franchisees in the state of Washington and the state of Illinois. At December 25, 2018 and December 26, 2017, the Company maintained approximately $0.3 million at the restaurant level for operating purposes. The remaining $15.1 million and $21.1 million at December 25, 2018 and December 26, 2017, respectively, was invested with a major financial institution and consisted entirely of U.S. Treasury instruments with a maturity of three months or less at the date of purchase. At December 25, 2018 and December 26, 2017 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 had four distributors covering different markets in fiscal year 2018. One of those distributors accounted for 39% of purchases for the fiscal year 2018. This vendor represented approximately 59% of accounts payable at December 25, 2018. That vendor accounted for 30% of purchases and 59% of accounts payable for the year ended December 26, 2017. In December 2018 we entered into a new agreement to replace one of our four food distributors. 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 a discounted cash flow analysis. Based on its review, the Company determined that the carrying value of three restaurants in the Orlando, Florida market were not recoverable, and as a result, recorded a non-cash impairment charge of $3.1 million in fiscal year 2018.
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 $0.2 million and $0.2 million at December 25, 2018 and December 26, 2017, respectively.
Self-insurance Program	Self-insurance program —Beginning in fiscal year 2018, the Company began a modified self-insurance workers’ compensation program. In order to minimize the exposure under the self-insurance program, the Company purchased stop-loss coverage both on a per-occurrence and on an aggregate basis. The self-insured losses under the program are accrued based on the Company’s estimate of the expected liability for both claims incurred and incurred but not reported basis. The accruals for the modified self-insurance program involve certain management judgments and assumptions regarding the frequency and severity of claims, recent historical patterns of claim development, independent actuarial assessments, and the Company’s experience with claim-reserve management and settlement practices. These accruals are included in employee-related accruals in the accompanying condensed consolidated balance sheet for the fiscal 2018 year. As of December 25, 2018, the accrual related to the self-insurance workers’ compensation program was $3.1 million. The Company’s actual losses may be significantly different than the estimates currently recorded.
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 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. In the event of a termination of a franchise/license agreement these fees may be recognized as revenue at the time of termination. There were franchise area development fees of $1.2 million, $0.1 million and $0.1 million recognized in fiscal years 2018, 2017 and 2016, respectively. Included in the fiscal year 2018 amount is $1.1 million related to the termination of two franchise agreements in fiscal year 2018.
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.
Advertising costs	Advertising costs —Advertising and promotional costs are expensed as incurred. Advertising and promotions expense totaled $3.6 million, $3.2 million and $1.8 million for the fiscal years ended December 25, 2018, December 26, 2017 and December 27, 2016, 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 $0.1 million at December 25, 2018. However, the Company continues to not recognize interest expense for uncertain tax positions for the year ended December 25, 2018 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 accounted 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 (the 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. As of December 25, 2018, the Company’s accounting for the Act is complete.
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 25, 2018 and December 26, 2017, the non-controlling interest was 20.7% and 21.7%, respectively.
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 2018, 2017 and 2016: Fiscal Years Ended December 25, December 26, December 27, (amounts in thousands, except share and per share data) 2018 2017 2016 Numerator: Net income (loss) attributable to controlling and non-controlling interests $ 3,640 $ (1,580 ) $ 9,175 Less: net income attributable to non-controlling interests $ (863 ) $ (1,539 ) $ (4,640 ) Net income (loss) attributable to The Habit Restaurants, Inc. $ 2,777 $ (3,119 ) $ 4,535 Denominator: Weighted average shares of Class A common stock outstanding Basic 20,538,637 20,285,780 17,139,777 Diluted 20,645,546 20,285,780 17,148,466 Net income (loss) attributable to The Habit Restaurants, Inc. per share Class A common stock Basic $ 0.14 $ (0.15 ) $ 0.26 Diluted $ 0.13 $ (0.15 ) $ 0.26 Below is a reconciliation of basic and diluted share counts Basic 20,538,637 20,285,780 17,139,777 Dilutive effect of stock options and restricted stock units 106,909 — 8,689 Diluted 20,645,546 20,285,780 17,148,466 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 5,381,550 LLC Units on the diluted EPS had no impact and were therefore excluded from the calculation. As of December 25, 2018, there were 2,525,275 options authorized under our 2014 Omnibus Incentive Plan of which 1,950,726, 1,296,513, and 670,111 had been granted as of December 25, 2018, December 26, 2017 and December 27, 2016, respectively. The number of dilutive shares of Class A common stock related to these options was calculated using the treasury stock method and 5,576, 56,782 and 1,070 shares have been excluded from the diluted EPS for fiscal years 2018, 2017 and 2016, 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. In July 2018, the FASB issued ASU 2018-11 which provides an alternative transition method that allows entities to apply the new leases standard at the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. This transition method option is in addition to the existing transition method of 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 will use the cumulative-effect transition method. The Company has elected to take 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 currently expects to recognize approximately $174 million for lease liabilities based on the present value of the remaining minimum rental payments using discount rates as of the effective date and approximately $150 million for right-of-use assets based upon the lease liabilities adjusted for deferred rent and lease incentives on its consolidated balance sheet at adoption. The Company will also recognize an increase of approximately $1.0 million, net of tax, in the opening balance of equity related to the derecognition of the buildings that the Company had determined that it was the accounting owner of under build to suit lease guidance contained in ASC 840. The Company has determined that its existing operating leases will not have a material impact on its consolidated income statement under the new standard. The leases where the Company had previously determined that it was the accounting owner will be accounted for as operating leases under the new standard which will result in an increase in occupancy and other operating expenses and a decrease in depreciation and amortization expense and interest expense, net on its consolidated income statement. 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 the new reporting, disclosure and audit for this standard update on its consolidated financial statements.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements — In March 2016, the FASB issued ASU No. 2016–04, “Liabilities – Extinguishment of Liabilities: Recognition of Breakage for Certain Prepaid Stored–Value Products,” which is intended to eliminate current and future diversity in practice related to derecognition of prepaid stored–value product liability in a way that aligns with the new revenue recognition guidance. The update is effective for fiscal years beginning after December 15, 2017; with early adoption permitted. The Company adopted this ASU in the first quarter of fiscal 2018 and there was no impact on our 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. The Company adopted this ASU in the first quarter of fiscal 2018 using the full retrospective approach and accordingly, has adjusted all prior periods reported for the effect of this new guidance. The new revenue guidance does not have an impact on the recognition of revenue from company-operated restaurants or royalty revenue and development fees from franchisees and licensees. Additionally, the new revenue guidance does not impact the revenue recognized from gift cards. The new guidance does impact the revenue recognition of initial franchise and license fees. Previously, the Company recognized the initial franchise or license fee as revenue when the restaurant opened. Under the new guidance, the Company has identified separate performance obligations over the term of the contract and will recognize revenue as those performance obligations are satisfied. These performance obligations include rights to use trademarks and intellectual property, initial training and other operational support visits. The Company recognized a reduction of $9,000 to retained earnings as the cumulative effect of adoption of this accounting change as of December 29, 2015 with a corresponding increase of deferred franchise income on the condensed consolidated balance sheet. The Company also recognized a decrease in revenue of $312,000 and $125,000, as previously reported, for fiscal year 2017 and fiscal year 2016, respectively, as a result of the adoption of this new standard. The Company also recognized a decrease of $0.01 in basic and diluted earnings per share for both fiscal year 2017 and fiscal year 2016 as a result of the revenue adjustments made related to the adoption of this new standard.
Franchise or License [Member]
Accounting Policies [Line Items]
Revenue recognition	Franchise/license fee revenue —Franchise/license fee revenue consists of fees charged to franchise/license owners who enter into a franchise/license agreement with the Company. Initial franchise/license fees are recognized as revenue as the performance obligations of the contract are satisfied. The Company has identified separate performance obligations over the term of the contract and recognizes revenue as those performance obligations are satisfied. These performance obligations include rights to use trademarks and intellectual property, initial training and other operational support visits. There was franchise/license fee revenue of $0.2 million, $0.1 million and $0.1 million recognized in fiscal years 2018, 2017 and 2016, respectively.
Royalty [Member]
Accounting Policies [Line Items]
Revenue recognition	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 $1.5 million, $0.9 million and $0.6 million recognized in fiscal years 2018, 2017 and 2016, respectively.
Gift Cards [Member]
Accounting Policies [Line Items]
Revenue recognition	Gift cards —Revenue related to the sale of gift cards is deferred until the gift card is redeemed. Outstanding gift cards are tracked by a third-party administrator. The balance of unredeemed gift cards was $2.1 million and $1.8 million at December 25, 2018 and December 26, 2017, respectively, and is included in accrued expenses in the accompanying consolidated balance sheets. Gift cards do not carry an expiration date; therefore, customers can redeem their gift cards for products indefinitely and the Company does not deduct non-usage fees from outstanding gift card balances. A certain amount of gift cards will not be redeemed and may become breakage income or may need to be remitted to the various states. To date, the Company has not recognized breakage income of gift cards or remitted any amounts to the various states.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 25, 2018
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 2018, 2017 and 2016: Fiscal Years Ended December 25, December 26, December 27, (amounts in thousands, except share and per share data) 2018 2017 2016 Numerator: Net income (loss) attributable to controlling and non-controlling interests $ 3,640 $ (1,580 ) $ 9,175 Less: net income attributable to non-controlling interests $ (863 ) $ (1,539 ) $ (4,640 ) Net income (loss) attributable to The Habit Restaurants, Inc. $ 2,777 $ (3,119 ) $ 4,535 Denominator: Weighted average shares of Class A common stock outstanding Basic 20,538,637 20,285,780 17,139,777 Diluted 20,645,546 20,285,780 17,148,466 Net income (loss) attributable to The Habit Restaurants, Inc. per share Class A common stock Basic $ 0.14 $ (0.15 ) $ 0.26 Diluted $ 0.13 $ (0.15 ) $ 0.26 Below is a reconciliation of basic and diluted share counts Basic 20,538,637 20,285,780 17,139,777 Dilutive effect of stock options and restricted stock units 106,909 — 8,689 Diluted 20,645,546 20,285,780 17,148,466

Non-controlling Interests (Tabl

Non-controlling Interests (Tables)	12 Months Ended
	Dec. 25, 2018
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 25, 2018, which was 20.7%. The amounts of these changes are reflected in the consolidated statements of stockholders’ equity. The amount recorded in equity for fiscal year 2018 was $1.5 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 25, December 26, December 27, 2018 2017 2016 Income before income taxes of The Habit Restaurants, LLC and its subsidiaries $ 4,067 $ 6,609 $ 12,821 Weighted average non-controlling interests ownership percentage 21.2 % 23.3 % 36.2 % Net income attributable to non-controlling interests $ 863 $ 1,539 $ 4,640

Property and Equipment, net (Ta

Property and Equipment, net (Tables)	12 Months Ended
	Dec. 25, 2018
Property Plant And Equipment [Abstract]
Schedule of Property and Equipment	Property and equipment consists of the following: (amounts in thousands) Fiscal Year Ended December 25, December 26, 2018 2017 Leasehold improvements $ 120,890 $ 96,318 Equipment 68,532 53,563 Furniture and fixtures 28,487 24,702 Buildings under deemed landlord financing 19,566 13,966 Smallwares 2,260 1,899 Vehicles 2,392 2,209 Construction in progress 8,370 13,700 250,497 206,357 Less: Accumulated depreciation and amortization (89,751 ) (66,401 ) $ 160,746 $ 139,956

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 25, 2018
Income Tax Disclosure [Abstract]
Income before Provision for Income Taxes	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 2018 2017 2016 Income before provision for income taxes $ 2,583 $ 63,808 $ 12,821
Components of Provision for Income Taxes	Components of the provision for income taxes consist of the following (in thousands): Fiscal Year Ended 2018 2017 2016 Current Federal $ — $ — $ — State and local 13 8 7 Total current expense $ 13 $ 8 $ 7 Deferred expense Federal $ 850 $ 58,778 $ 3,019 State and local (1,920 ) 6,602 620 Total deferred expense $ (1,070 ) $ 65,380 $ 3,639 Provision (benefit) for income taxes $ (1,057 ) $ 65,388 $ 3,646
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 2018 2017 2016 U.S. statutory tax rate 21.0 % 35.0 % 34.0 % State and local taxes, net of federal effect 4.7 % 4.8 % 4.7 % Permanent differences 4.1 % 0.4 % 2.8 % Shortfall from restricted stock units 5.8 % 0.2 % 0.3 % Remeasurement of deferred tax assets in connection with federal rate changes — (6.8 )% — Remeasurement of deferred tax assets in connection with state rate changes (66.4 )% 5.7 % — Hiring credits (3.2 )% (0.1 )% (1.0 )% Remeasurement of deferred tax assets in connection with the enactment of the Tax Cuts and Jobs Act — 75.9 % — Remeasurement of liabilities under Tax Receivable Agreement with the enactment of the Tax Cuts and Jobs Act — (11.8 )% — Income passed through to non-controlling interests (6.9 )% (0.8 )% (12.4 )% Effective tax rate (40.9 )% 102.5 % 28.4 %
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 25, 2018 December 26, 2017 Deferred tax assets Deferred income $ 2,417 $ 2,689 Deferred rent 1,874 1,537 Tax Receivable Agreement - imputed interest 4,999 4,853 Tax goodwill and intangibles 73,243 75,765 Net operating losses 11,792 7,487 Other 4,653 2,606 Total deferred tax assets 98,978 94,937 Deferred tax liabilities Property and equipment (10,149 ) (8,096 ) Prepaids (163 ) (155 ) Other (748 ) (513 ) Total deferred tax liabilities (11,060 ) (8,764 ) Net deferred tax assets $ 87,918 $ 86,173

Long-Term Debt (Tables)

Long-Term Debt (Tables)	12 Months Ended
	Dec. 25, 2018
Debt Disclosure [Abstract]
Principal and Interest Payments of Deemed Landlord Financing	At December 25, 2018, 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 2019 $ 1,504 2020 1,446 2021 1,461 2022 1,515 2023 1,458 Thereafter 6,084 $ 13,468

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 25, 2018
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 2019 $ 24,944 $ 2,432 2020 27,197 2,405 2021 27,043 2,369 2022 24,852 2,333 2023 23,406 2,240 Thereafter 108,375 9,658 $ 235,817 $ 21,437

Management Incentive Plans (Tab

Management Incentive Plans (Tables)	12 Months Ended
	Dec. 25, 2018
Schedule of Restricted Stock Units, Activity	A summary of stock-based compensation activity related to restricted stock units for fiscal years 2018, 2017 and 2016 is as follows: Units Weighted Average Fair Value Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Beginning Balance 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 Granted 175,213 $ 9.72 Forfeited (30,067 ) $ 17.13 Vested (56,465 ) $ 19.52 Outstanding and expected to vest at December 25, 2018 339,233 $ 14.04 8.6 $ 3,422,861
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 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 $ — Granted 479,000 $ 9.41 Forfeited (124,834 ) $ 17.65 Exercised — Outstanding and expected to vest at December 25, 2018 1,315,834 $ 15.71 8.2 $ — Exercisable at December 25, 2018 294,459 $ 21.52 7.2 $ — Fiscal Year Ended Disclosure Information 2018 2017 2016 Weighted average fair value of options granted $ 3.03 $ 4.30 $ 5.45 Dividend yield 0.0 % 0.0 % 0.0 % Weighted average risk-free interest rate 2.73 % 1.92 % 1.37 % Weighted average volatility 28.6 % 28.8 % 31.2 % Forfeiture rate 16.7 % 12.4 % 7.4 % Expected term (years) 5.6 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 25, December 26, December 27, 2018 2017 2016 Stock-based compensation expense $ 2,714 $ 2,518 $ 1,870

Quarterly Financial Reporting (

Quarterly Financial Reporting (Tables)	12 Months Ended
	Dec. 25, 2018
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Reporting	(amounts in thousands except per share data) Fiscal Quarter (1) 1Q18 2Q18 3Q18 4Q18 FY18 Total revenue $ 91,948 $ 102,852 $ 104,639 $ 102,708 $ 402,147 Income (loss) from operations 407 3,914 (899 ) 1,735 5,156 Net income (loss) 689 2,829 (864 ) 986 3,640 Net income (loss) attributable to non- controlling interests 35 773 (244 ) 299 863 Net income (loss) attributable to The Habit Restaurants, Inc. $ 654 $ 2,056 $ (620 ) $ 687 $ 2,777 Basic income (loss) per share of Class A common stock $ 0.03 $ 0.10 $ (0.03 ) $ 0.03 $ 0.14 Diluted income (loss) per share of Class A common stock $ 0.03 $ 0.10 $ (0.03 ) $ 0.03 $ 0.13 Fiscal Quarter (1) 1Q17 2Q17 3Q17 4Q17 FY17 Total revenue $ 78,591 $ 83,337 $ 84,610 $ 84,849 $ 331,386 Income (loss) from operations 4,161 2,758 391 (145 ) 7,165 Net income (loss) 2,702 1,718 424 (6,425 ) (1,580 ) Net income (loss) attributable to non- controlling interests 904 601 56 (22 ) 1,539 Net income (loss) attributable to The Habit Restaurants, Inc. $ 1,798 $ 1,117 $ 368 $ (6,403 ) $ (3,119 ) Basic income (loss) per share of Class A common stock $ 0.09 $ 0.06 $ 0.02 $ (0.31 ) $ (0.15 ) Diluted income (loss) per share of Class A common stock $ 0.09 $ 0.05 $ 0.02 $ (0.31 ) $ (0.15 ) 1) Certain totals may not sum exactly due to rounding.

Nature of Operations and Basi_2

Nature of Operations and Basis of Presentation - Additional Information (Detail)	12 Months Ended
	Dec. 25, 2018EmployeeRestaurantLicenseFranchiseshares	Dec. 26, 2017shares	Dec. 27, 2016shares
Nature Of Operations And Basis Of Accounting Presentation [Line Items]
Place of formation	Delaware
Date of formation	Jul. 24, 2014
Common units held	5,381,550
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	223
Number of employees | Employee	6,093
Number of license agreements | License	5
Number of franchise agreements | Franchise	7
Number of licensed location | License	5
Number of franchise location | Franchise	19
Restricted Stock Units (RSUs) [Member]
Nature Of Operations And Basis Of Accounting Presentation [Line Items]
Units, vested	56,465	30,299	10,533
Units, forfeited	30,067	5,107	5,349
Class B Common Stock [Member]
Nature Of Operations And Basis Of Accounting Presentation [Line Items]
Conversion of common stock	232,801
Habit Restaurants, LLC [Member]
Nature Of Operations And Basis Of Accounting Presentation [Line Items]
Economic interest	79.30%
Habit Restaurants, LLC [Member]
Nature Of Operations And Basis Of Accounting Presentation [Line Items]
Common units held	20,667,718
Units, forfeited	32,221

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Detail)	3 Months Ended																12 Months Ended
	Dec. 25, 2018USD ($)Franchiseshares		Sep. 25, 2018USD ($)	[1]	Jun. 26, 2018USD ($)	[1]	Mar. 27, 2018USD ($)	[1]	Dec. 26, 2017USD ($)		Sep. 26, 2017USD ($)	[1]	Jun. 27, 2017USD ($)	[1]	Mar. 28, 2017USD ($)	[1]	Dec. 25, 2018USD ($)FranchiseSegmentDistributorshares		Dec. 26, 2017USD ($)$ / sharesshares		Dec. 27, 2016USD ($)$ / sharesshares	Apr. 30, 2015	Nov. 25, 2014
Significant Accounting Policies [Line Items]
Number of reportable segment | Segment																	1
Cash	$ 9,500,000								$ 6,900,000								$ 9,500,000		$ 6,900,000
Restricted cash	400,000								200,000								400,000		200,000
Cash	300,000								300,000								300,000		300,000
U.S. Treasury instruments	15,100,000								21,100,000								15,100,000		21,100,000
Asset impairment																	3,082,000
Asset retirement obligation	200,000								200,000								200,000		200,000
Self-insurance accrual	3,100,000																3,100,000
Revenue	$ 102,708,000	[1]	$ 104,639,000		$ 102,852,000		$ 91,948,000		84,849,000	[1]	$ 84,610,000		$ 83,337,000		$ 78,591,000		$ 402,147,000	[1]	331,386,000	[1]	$ 283,685,000
Royalty rate																	5.00%
Number of franchise agreements | Franchise	7																7
Unredeemed gift cards	$ 2,100,000								1,800,000								$ 2,100,000		1,800,000
Advertising and promotional costs																	3,600,000		3,200,000		1,800,000
Uncertain tax liability	$ 103,000								$ 152,000								$ 103,000		152,000
Common units held | shares	5,381,550																5,381,550
ASU No. 2016-02 [Member]
Significant Accounting Policies [Line Items]
Lease liabilities expect to recognize	$ 174,000,000																$ 174,000,000
Right-of-use asset expect to recognize	150,000,000																150,000,000
Increase (decrease) to retained earnings as cumulative effect of adoption of accounting standard update, net of tax	1,000,000																1,000,000
ASU No. 2014-09 [Member]
Significant Accounting Policies [Line Items]
Increase (decrease) to retained earnings as cumulative effect of adoption of accounting standard update, net of tax	$ (9,000)																$ (9,000)
Decrease in revenue as a result of adoption of accounting standard update																			$ 312,000		$ 125,000
Decrease in basic and diluted earnings per share as a result of adoption of accounting standard update | $ / shares																			$ 0.01		$ 0.01
Class A Common Stock [Member]
Significant Accounting Policies [Line Items]
Anti-dilutive shares | shares																	5,576		56,782		1,070
2014 Omnibus Incentive Plan [Member]
Significant Accounting Policies [Line Items]
Options granted | shares																	1,950,726		1,296,513		670,111
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																2,525,275
Habit Restaurants, LLC [Member]
Significant Accounting Policies [Line Items]
Non-controlling interests ownership percentage	20.70%								21.70%								20.70%		21.70%			47.10%	65.50%
Franchise/License [Member]
Significant Accounting Policies [Line Items]
Revenue																	$ 200,000		$ 100,000		$ 100,000
Royalty [Member]
Significant Accounting Policies [Line Items]
Revenue																	1,500,000		900,000		600,000
Franchise area development fees [Member]
Significant Accounting Policies [Line Items]
Revenue																	1,200,000		$ 100,000		$ 100,000
Termination of Franchise Agreements [Member]
Significant Accounting Policies [Line Items]
Revenue																	$ 1,100,000
Number of franchise agreements | Franchise	2																2
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
Cost of Goods, Total [Member] | Purchasing Concentration Risk [Member] | Distributor One [Member]
Significant Accounting Policies [Line Items]
Concentration Risk, Percentage																	39.00%		30.00%
Accounts Payable [Member] | Purchasing Concentration Risk [Member] | Distributor One [Member]
Significant Accounting Policies [Line Items]
Concentration Risk, Percentage																	59.00%		59.00%
Maximum [Member]
Significant Accounting Policies [Line Items]
Percentage of ownership interest	20.00%																20.00%
Property and equipment useful life																	10 years
Minimum [Member]
Significant Accounting Policies [Line Items]
Property and equipment useful life																	3 years
[1]	Certain totals may not sum exactly due to rounding.

Summary of Significant Accoun_5

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. 25, 2018	[1]	Sep. 25, 2018	[1]	Jun. 26, 2018	[1]	Mar. 27, 2018	[1]	Dec. 26, 2017	[1]	Sep. 26, 2017	[1]	Jun. 27, 2017	[1]	Mar. 28, 2017	[1]	Dec. 25, 2018		Dec. 26, 2017		Dec. 27, 2016
Numerator:
Net income (loss) attributable to controlling and non-controlling interests	$ 986		$ (864)		$ 2,829		$ 689		$ (6,425)		$ 424		$ 1,718		$ 2,702		$ 3,640	[1]	$ (1,580)	[1]	$ 9,175
Less: net income attributable to non-controlling interests	(299)		244		(773)		(35)		22		(56)		(601)		(904)		(863)	[1]	(1,539)	[1]	(4,640)
Net income (loss) attributable to The Habit Restaurants, Inc.	$ 687		$ (620)		$ 2,056		$ 654		$ (6,403)		$ 368		$ 1,117		$ 1,798		$ 2,777	[1]	$ (3,119)	[1]	$ 4,535
Class A Common Stock [Member]
Denominator: Weighted average shares of Class A common stock outstanding
Basic																	20,538,637		20,285,780		17,139,777
Diluted																	20,645,546		20,285,780		17,148,466
Net income (loss) attributable to The Habit Restaurants, Inc. per share Class A common stock
Basic	$ 0.03		$ (0.03)		$ 0.10		$ 0.03		$ (0.31)		$ 0.02		$ 0.06		$ 0.09		$ 0.14	[1]	$ (0.15)	[1]	$ 0.26
Diluted	$ 0.03		$ (0.03)		$ 0.10		$ 0.03		$ (0.31)		$ 0.02		$ 0.05		$ 0.09		$ 0.13	[1]	$ (0.15)	[1]	$ 0.26
Below is a reconciliation of basic and diluted share counts
Basic																	20,538,637		20,285,780		17,139,777
Dilutive effect of stock options and restricted stock units																	106,909				8,689
Diluted																	20,645,546		20,285,780		17,148,466
[1]	Certain totals may not sum exactly due to rounding.

Non-controlling Interests - Add

Non-controlling Interests - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 25, 2018	Dec. 26, 2017	Apr. 30, 2015	Nov. 25, 2014
Habit Restaurants, LLC [Member]
Noncontrolling Interest [Line Items]
Non-controlling interests recorded in equity	$ 1.5
Habit Restaurants, LLC [Member]
Noncontrolling Interest [Line Items]
Non-controlling interests ownership percentage	20.70%	21.70%	47.10%	65.50%

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. 25, 2018

[1]

Sep. 25, 2018

[1]

Jun. 26, 2018

[1]

Mar. 27, 2018

[1]

Dec. 26, 2017

[1]

Sep. 26, 2017

[1]

Jun. 27, 2017

[1]

Mar. 28, 2017

[1]

Dec. 25, 2018

Dec. 26, 2017

Dec. 27, 2016

Noncontrolling Interest [Line Items]

Income before income taxes of The Habit Restaurants, LLC and its subsidiaries

$ 4,067

$ 6,609

$ 12,821

Net income attributable to non-controlling interests

$ 299

$ (244)

$ 773

$ 35

$ (22)

$ 56

$ 601

$ 904

$ 863

[1]

$ 1,539

[1]

$ 4,640

Habit Restaurants, LLC [Member]

Noncontrolling Interest [Line Items]

Weighted average non-controlling interests ownership percentage

21.20%

23.30%

36.20%

[1]

Certain totals may not sum exactly due to rounding.

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Millions	Dec. 25, 2018	Dec. 26, 2017
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of investments	$ 15.1	$ 21.1
Marketable Securities [Member] | Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of investments	$ 15.1	$ 21.1

Property and Equipment, Net - S

Property and Equipment, Net - Schedule of Property and Equipment (Detail) - USD ($) $ in Thousands	Dec. 25, 2018	Dec. 26, 2017
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 250,497	$ 206,357
Less: Accumulated depreciation and amortization	(89,751)	(66,401)
Property and equipment, net	160,746	139,956
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	120,890	96,318
Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	68,532	53,563
Furniture and fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	28,487	24,702
Buildings under deemed landlord financing [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	19,566	13,966
Smallwares [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	2,260	1,899
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	2,392	2,209
Construction in progress [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 8,370	$ 13,700

Property and Equipment, Net - A

Property and Equipment, Net - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 25, 2018USD ($)Buildings	Dec. 26, 2017USD ($)Buildings	Dec. 27, 2016USD ($)
Property, Plant and Equipment [Line Items]
Depreciation and amortization expenses	$ 24,490	$ 18,761	$ 14,880
Capitalized internal payroll and other costs related to the new restaurants	$ 1,900	$ 2,000	$ 1,500
Buildings under deemed landlord financing [Member]
Property, Plant and Equipment [Line Items]
Number of owned buildings under deemed landlord financing | Buildings	31	25

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	1 Months Ended		3 Months Ended	12 Months Ended
	Dec. 25, 2018	Nov. 30, 2014	Mar. 27, 2018	Dec. 25, 2018	Dec. 26, 2017	Dec. 27, 2016	Dec. 30, 2014
Income Tax Contingency [Line Items]
Percentage of income tax rates				(40.90%)	102.50%	28.40%
Percentage of cash savings required to pay to continuing LLC owners		85.00%
Percentage of tax savings retained		15.00%
Unrecognized tax benefits	$ 103,000			$ 103,000	$ 152,000
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
U.S. corporate effective income tax rate				21.00%	35.00%	34.00%
Percentage of bonus depreciation for qualified assets placed in service inclusion of commissions and performance based compensation				100.00%
Increase decrease in Tax Receivable Agreement liability current			$ (700,000)
TRA payments including accrued interest to related parties	1,500,000
Amounts payable under Tax Receivable Agreement	82,700,000			$ 82,700,000
Amounts payable under Tax Receivable Agreement, current portion	552,000			552,000	$ 1,908,000
Tax Receivable Agreement liability adjustment				(1,555,000)	$ 57,231,000
Increase in deferred tax asset				$ 100,000
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	21,300,000			$ 21,300,000
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	47,700,000			$ 47,700,000
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	6,200,000			$ 6,200,000
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				28.80%	42.50%	41.20%
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	82,700,000			$ 82,700,000	$ 81,800,000
Amounts payable under Tax Receivable Agreement, current portion	$ 552,000			552,000	1,908,000
Tax Receivable Agreement liability adjustment				$ (1,555,000)	$ 57,231,000

Income Taxes - Income before Pr

Income Taxes - Income before Provision for Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 25, 2018	Dec. 26, 2017	Dec. 27, 2016
Results Of Operations Income Before Income Taxes [Abstract]
Income before provision for income taxes	$ 2,583	$ 63,808	$ 12,821

Income Taxes - Components of Pr

Income Taxes - Components of Provision for Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 25, 2018	Dec. 26, 2017	Dec. 27, 2016
Current
Federal	$ 0	$ 0	$ 0
State and local	13	8	7
Total current expense	13	8	7
Deferred expense
Federal	850	58,778	3,019
State and local	(1,920)	6,602	620
Total deferred expense	(1,070)	65,380	3,639
Provision (benefit) for income taxes	$ (1,057)	$ 65,388	$ 3,646

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of U.S. Statutory Income Tax Rate to Habit Restaurants, Inc. Effective Tax Rate (Detail)	12 Months Ended
	Dec. 25, 2018	Dec. 26, 2017	Dec. 27, 2016
Effective Income Tax Rate Continuing Operations Tax Rate Reconciliation [Abstract]
U.S. statutory tax rate	21.00%	35.00%	34.00%
State and local taxes, net of federal effect	4.70%	4.80%	4.70%
Permanent differences	4.10%	0.40%	2.80%
Shortfall from restricted stock units	5.80%	0.20%	0.30%
Remeasurement of deferred tax assets in connection with federal rate changes		(6.80%)
Remeasurement of deferred tax assets in connection with state rate changes	(66.40%)	5.70%
Hiring credits	(3.20%)	(0.10%)	(1.00%)
Remeasurement of deferred tax assets in connection with the enactment of the Tax Cuts and Jobs Act		75.90%
Remeasurement of liabilities under Tax Receivable Agreement with the enactment of the Tax Cuts and Jobs Act		(11.80%)
Income passed through to non-controlling interests	(6.90%)	(0.80%)	(12.40%)
Effective tax rate	(40.90%)	102.50%	28.40%

Income Taxes - Summary of Defer

Income Taxes - Summary of Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	Dec. 25, 2018	Dec. 26, 2017
Deferred tax assets
Deferred income	$ 2,417	$ 2,689
Deferred rent	1,874	1,537
Tax Receivable Agreement - imputed interest	4,999	4,853
Tax goodwill and intangibles	73,243	75,765
Net operating losses	11,792	7,487
Other	4,653	2,606
Total deferred tax assets	98,978	94,937
Deferred tax liabilities
Property and equipment	(10,149)	(8,096)
Prepaids	(163)	(155)
Other	(748)	(513)
Total deferred tax liabilities	(11,060)	(8,764)
Net deferred tax assets	$ 87,918	$ 86,173

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) - USD ($)	Aug. 02, 2017	Oct. 31, 2018	Dec. 25, 2018	Dec. 26, 2017	Dec. 27, 2016	Jan. 04, 2018
Debt Instrument [Line Items]
Debt Instrument, Covenant Compliance			As of December 25, 2018, The Company and The Habit Restaurants, LLC were in compliance with all covenants.
Interest expense for the credit facility and prior credit facilities			$ 200,000	$ 100,000	$ 100,000
Financial Standby Letter of Credit [Member]
Debt Instrument [Line Items]
Credit facility, maturity		Jan. 5, 2020
Letter of credit workers compensation coverage		$ 3,250,000				$ 1,500,000
Habit Restaurants, LLC [Member]
Debt Instrument [Line Items]
Borrowings amount outstanding under credit facility			$ 0
Habit Restaurants, LLC [Member] | Bank of The West [Member]
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity	$ 20,000,000
Credit facility, maturity	Aug. 2, 2019	Aug. 1, 2020
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	$ 300,000
Maximum lease adjusted leverage ratio	400.00%
Minimum adjusted EBITDA	$ 21,400,000
Debt Instrument, Covenant Description			The Credit Facility contains customary representations, warranties, negative and affirmative covenants, including a maximum lease adjusted leverage ratio of 4.00 to 1.00 and a minimum EBITDA of $21.4 million for the twelve-month period then ended at the end of each fiscal quarter.

Long -Term Debt - Principal and

Long -Term Debt - Principal and Interest Payments of Deemed Landlord Financing (Detail) $ in Thousands	Dec. 25, 2018USD ($)
Long-term Debt, Fiscal Year Maturity [Abstract]
2,019	$ 1,504
2,020	1,446
2,021	1,461
2,022	1,515
2,023	1,458
Thereafter	6,084
Amount	$ 13,468

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 25, 2018USD ($)Buildings	Dec. 26, 2017USD ($)Buildings	Dec. 27, 2016USD ($)
Other Commitments [Line Items]
Total rent expense	$ 24	$ 19.8	$ 15.7
Contingent rentals	0.9	$ 0.8	$ 0.8
Commitments related to new restaurants	$ 5.7
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	31	25
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 Contingencies_2

Commitments and Contingencies - Aggregate Future Minimum Lease Payments Under Non-cancelable Operating Leases (Detail) $ in Thousands	Dec. 25, 2018USD ($)
Leases Future Minimum Payments [Line Items]
2,019	$ 24,944
2,020	27,197
2,021	27,043
2,022	24,852
2,023	23,406
Thereafter	108,375
Operating Leases, Future Minimum Payments Due, Total	235,817
Deemed Landlord Leases [Member]
Leases Future Minimum Payments [Line Items]
2,019	2,432
2,020	2,405
2,021	2,369
2,022	2,333
2,023	2,240
Thereafter	9,658
Operating Leases, Future Minimum Payments Due, Total	$ 21,437

Employee Benefit Plan - Additio

Employee Benefit Plan - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 25, 2018	Dec. 26, 2017	Dec. 27, 2016
Compensation And Retirement Disclosure [Abstract]
Discretionary matching contributions	$ 0.1	$ 0.1	$ 0.1
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. 25, 2018	Dec. 26, 2017	Dec. 27, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 2,714	$ 2,518	$ 1,870
2014 Omnibus Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 2,714	$ 2,518	$ 1,870

Management Incentive Plans - Ad

Management Incentive Plans - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 25, 2018	Dec. 24, 2018	Dec. 26, 2017	Dec. 27, 2016	Dec. 29, 2015
Non-Qualified Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Closing stock price of common stock		$ 10.09	$ 9.50	$ 17.85	$ 23.78
Unrecognized compensation costs related to options	$ 3.7
Weighted average period, cost expected to be recognized	3 years 2 months 12 days
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Closing stock price of common stock	$ 10.09		$ 9.50	$ 17.85
Weighted average period, cost expected to be recognized	3 years 2 months 12 days
Unrecognized stock-based compensation expense related to non-vested restricted stock units	$ 4
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	4 months 24 days
Unrecognized stock-based compensation expense related to units	$ 0.2

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. 25, 2018	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	961,668	491,440	174,687
Options, Granted	479,000	485,491	332,995
Options, Forfeited	(124,834)	(15,263)	(16,242)
Options, Exercised	0	0	0
Options, Outstanding and expected to vest, Ending Balance	1,315,834	961,668	491,440	174,687
Options, Exercisable	294,459
Weighted Average Exercise Price, Outstanding and expected to vest, Beginning Balance	$ 19.41	$ 22.69	$ 30.25
Weighted Average Exercise Price, Granted	9.41	16.13	18.29
Weighted Average Exercise Price, Forfeited	17.65	20.99	24.37
Weighted Average Exercise Price, Outstanding and expected to vest, Ending Balance	15.71	$ 19.41	$ 22.69	$ 30.25
Weighted Average Exercise Price, Exercisable	$ 21.52
Weighted Average Remaining Contractual Term (Years), Outstanding and expected to vest	8 years 2 months 12 days		8 years 7 months 6 days	9 years 1 month 6 days	9 years 3 months 18 days
Weighted Average Remaining Contractual Term (Years), Exercisable	7 years 2 months 12 days
Aggregate Intrinsic Value, Outstanding and expected to vest	$ 0	$ 0	$ 0	$ 0
Aggregate Intrinsic Value, Exercisable	$ 0
Weighted average fair value of options granted	$ 3.03	$ 4.30	$ 5.45
Dividend yield	0.00%	0.00%	0.00%
Weighted average risk-free interest rate	2.73%	1.92%	1.37%
Weighted average volatility	28.60%	28.80%	31.20%
Forfeiture rate	16.70%	12.40%	7.40%
Expected term (years)	5 years 7 months 6 days	5 years 6 months	5 years 6 months

Management Incentive Plans - _2

Management Incentive Plans - Schedule of Restricted Stock Units, Activity (Detail) - Restricted Stock Units (RSUs) [Member] - USD ($)	12 Months Ended
	Dec. 25, 2018	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	250,552	145,047	53,926
Units, Granted	175,213	140,911	107,003
Units, Forfeited	(30,067)	(5,107)	(5,349)
Units, Vested	(56,465)	(30,299)	(10,533)
Units, Outstanding and expected to vest, Ending Balance	339,233	250,552	145,047	53,926
Weighted Average Fair Value, Outstanding and expected to vest, Beginning Balance	$ 18.66	$ 22.38	$ 31.79
Weighted Average Fair Value, Granted	9.72	15.81	18.17
Weighted Average Fair Value, Forfeited	17.13	19.21	24.39
Weighted Average Fair Value, Vested	19.52	23.08	31.87
Weighted Average Fair Value, Outstanding and expected to vest, Ending Balance	$ 14.04	$ 18.66	$ 22.38	$ 31.79
Weighted Average Remaining Contractual Term (Years), Outstanding and expected to vest	8 years 7 months 6 days	8 years 8 months 12 days	9 years	9 years 4 months 24 days
Aggregate Intrinsic Value, Outstanding and expected to vest	$ 3,422,861	$ 2,380,244	$ 2,589,089	$ 1,282,360

Membership Units - Additional I

Membership Units - Additional Information (Detail)	12 Months Ended
	Dec. 25, 2018USD ($)	Dec. 26, 2017USD ($)	Dec. 27, 2016USD ($)
Members' Equity [Abstract]
Distributions declared	$ 0.4	$ 1.1	$ 2.1
Distributions paid	0.4	1.1	2.1
Unpaid distributions	$ 0.1
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	$ 0.1	$ 0.2	$ 0.2

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) - $ / shares	1 Months Ended
	Nov. 30, 2014	Dec. 25, 2018	Dec. 26, 2017
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 Reporting_2

Quarterly Financial Reporting (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended																12 Months Ended
	Dec. 25, 2018	[1]	Sep. 25, 2018	[1]	Jun. 26, 2018	[1]	Mar. 27, 2018	[1]	Dec. 26, 2017	[1]	Sep. 26, 2017	[1]	Jun. 27, 2017	[1]	Mar. 28, 2017	[1]	Dec. 25, 2018	[1]	Dec. 26, 2017	[1]	Dec. 27, 2016
Quarterly Financial Information [Line Items]
Total revenue	$ 102,708		$ 104,639		$ 102,852		$ 91,948		$ 84,849		$ 84,610		$ 83,337		$ 78,591		$ 402,147		$ 331,386		$ 283,685
Income (loss) from operations	1,735		(899)		3,914		407		(145)		391		2,758		4,161		5,156		7,165		13,455
Net income (loss)	986		(864)		2,829		689		(6,425)		424		1,718		2,702		3,640		(1,580)		9,175
Net income (loss) attributable to non- controlling interests	299		(244)		773		35		(22)		56		601		904		863		1,539		4,640
Net income (loss) attributable to The Habit Restaurants, Inc.	$ 687		$ (620)		$ 2,056		$ 654		$ (6,403)		$ 368		$ 1,117		$ 1,798		$ 2,777		$ (3,119)		$ 4,535
Class A Common Stock [Member]
Quarterly Financial Information [Line Items]
Basic income (loss) per share of Class A common stock	$ 0.03		$ (0.03)		$ 0.10		$ 0.03		$ (0.31)		$ 0.02		$ 0.06		$ 0.09		$ 0.14		$ (0.15)		$ 0.26
Diluted income (loss) per share of Class A common stock	$ 0.03		$ (0.03)		$ 0.10		$ 0.03		$ (0.31)		$ 0.02		$ 0.05		$ 0.09		$ 0.13		$ (0.15)		$ 0.26
[1]	Certain totals may not sum exactly due to rounding.

Condensed Balance Sheets (Detai

Condensed Balance Sheets (Detail) - USD ($) $ in Thousands	Dec. 25, 2018	Dec. 26, 2017	Dec. 27, 2016	Dec. 29, 2015
ASSETS
Cash and cash equivalents	$ 24,894	$ 28,277
Total current assets	37,944	40,133
Deferred tax assets	87,918	86,173
Total long-term assets	274,662	251,991
Total assets	312,606	292,124
Liabilities
Accrued expenses	5,799	6,908
Income tax payable	104	153
Amounts payable to related parties under Tax Receivable Agreement, current portion	552	1,908
Total current liabilities	39,262	33,591
Amounts payable to related parties under Tax Receivable Agreement, net of current portion	82,142	79,853
Total liabilities	162,612	147,975
Commitments and contingencies (Note 3)
Stockholders’ equity
Additional paid-in capital	117,053	113,475
Retained earnings	6,921	4,144
Total stockholders’ equity	149,994	144,149	$ 143,753	$ 131,923
Total liabilities and stockholders’ equity	312,606	292,124
Class A Common Stock [Member]
Stockholders’ equity
Common stock value	207	204
Total stockholders’ equity	207	204	202	138
Class B Common Stock [Member]
Stockholders’ equity
Common stock value	54	56
Total stockholders’ equity	54	56	$ 58	$ 122
Habit Restaurants, Inc. [Member]
ASSETS
Cash and cash equivalents	6,181	6,543
Total current assets	6,181	6,543
Deferred tax assets	87,918	86,173
Investment in subsidiaries	125,342	118,517
Total long-term assets	213,260	204,690
Total assets	219,441	211,233
Liabilities
Accrued expenses	12,408	11,440
Income tax payable	104	153
Amounts payable to related parties under Tax Receivable Agreement, current portion	552	1,908
Total current liabilities	13,064	13,501
Amounts payable to related parties under Tax Receivable Agreement, net of current portion	82,142	79,853
Total liabilities	95,206	93,354
Commitments and contingencies (Note 3)
Stockholders’ equity
Additional paid-in capital	117,053	113,475
Retained earnings	6,921	4,144
Total stockholders’ equity	124,235	117,879
Total liabilities and stockholders’ equity	219,441	211,233
Habit Restaurants, Inc. [Member] | Class A Common Stock [Member]
Stockholders’ equity
Common stock value	207	204
Habit Restaurants, Inc. [Member] | Class B Common Stock [Member]
Stockholders’ equity
Common stock value	$ 54	$ 56

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) (Detail) - $ / shares	Dec. 25, 2018	Dec. 26, 2017	Dec. 27, 2016	Dec. 29, 2015
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	20,667,718	20,378,452
Common stock, shares outstanding	20,667,718	20,378,452	20,178,937	13,759,754
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	5,381,550	5,646,572
Common stock, shares outstanding	5,381,550	5,646,572	5,821,122	12,241,482
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	20,667,718	20,378,452
Common stock, shares outstanding	20,667,718	20,378,452
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	5,381,550	5,646,572
Common stock, shares outstanding	5,381,550	5,646,572

Condensed Statements of Operati

Condensed Statements of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended																12 Months Ended
	Dec. 25, 2018	[1]	Sep. 25, 2018	[1]	Jun. 26, 2018	[1]	Mar. 27, 2018	[1]	Dec. 26, 2017	[1]	Sep. 26, 2017	[1]	Jun. 27, 2017	[1]	Mar. 28, 2017	[1]	Dec. 25, 2018		Dec. 26, 2017		Dec. 27, 2016
Intercompany revenue	$ 102,708		$ 104,639		$ 102,852		$ 91,948		$ 84,849		$ 84,610		$ 83,337		$ 78,591		$ 402,147	[1]	$ 331,386	[1]	$ 283,685
Operating expenses
General and administrative expenses																	38,918		32,559		28,849
Total operating expenses																	396,991		324,221		270,230
Income from operations	1,735		(899)		3,914		407		(145)		391		2,758		4,161		5,156	[1]	7,165	[1]	13,455
Other (income) expense
Tax Receivable Agreement liability adjustment																	1,555		(57,231)
Interest expense, net																	1,018		588		634
Income before income taxes																	2,583		63,808		12,821
Provision (benefit) for income taxes																	(1,057)		65,388		3,646
Net income (loss)	$ 986		$ (864)		$ 2,829		$ 689		$ (6,425)		$ 424		$ 1,718		$ 2,702		3,640	[1]	(1,580)	[1]	9,175
Habit Restaurants, Inc. [Member]
Intercompany revenue																	449		320		346
Operating expenses
General and administrative expenses																	449		320		346
Total operating expenses																	449		320		346
Other (income) expense
Equity in net income of subsidiaries																	(3,204)		(5,049)		(8,195)
Tax Receivable Agreement liability adjustment																	1,555		(57,231)
Interest expense, net																	(71)		11		14
Income before income taxes																	1,720		62,269		8,181
Provision (benefit) for income taxes																	(1,057)		65,388		3,646
Net income (loss)																	$ 2,777		$ (3,119)		$ 4,535
[1]	Certain totals may not sum exactly due to rounding.

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Detail) - USD ($) $ in Thousands	3 Months Ended																12 Months Ended
	Dec. 25, 2018		Sep. 25, 2018	[1]	Jun. 26, 2018	[1]	Mar. 27, 2018	[1]	Dec. 26, 2017		Sep. 26, 2017	[1]	Jun. 27, 2017	[1]	Mar. 28, 2017		Dec. 25, 2018		Dec. 26, 2017		Dec. 27, 2016
Cash flows from operating activities:
Net income (loss)	$ 986	[1]	$ (864)		$ 2,829		$ 689		$ (6,425)	[1]	$ 424		$ 1,718		$ 2,702	[1]	$ 3,640	[1]	$ (1,580)	[1]	$ 9,175
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Tax Receivable Agreement liability adjustment																	1,555		(57,231)
Deferred income taxes																	(1,057)		65,388		3,645
Changes in assets and liabilities:
Accrued expenses																	(854)		1,272		1,425
Income taxes payable																	(13)		(1)		31
Net cash provided by operating activities																	42,096		33,607		34,003
Cash flows from investing activities:
Net cash used in investing activities																	(43,399)		(46,025)		(32,649)
Cash flows from financing activities:
Tax receivable agreement payments to related parties																	(1,438)		(2,040)		(2,003)
Tax distributions to LLC members																	(288)		(920)		(1,850)
Net cash used in financing activities																	(2,080)		(3,497)		(4,153)
Net change in cash and cash equivalents																	(3,383)		(15,915)		(2,799)
Cash and cash equivalents, beginning of period															44,192		28,277		44,192		46,991
Cash and cash equivalents, end of period	24,894								28,277								24,894		28,277		44,192
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid for interest																	1,120		890		661
Cash paid for income taxes, net																	13		1		(31)
Habit Restaurants, Inc. [Member]
Cash flows from operating activities:
Net income (loss)																	2,777		(3,119)		4,535
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Tax Receivable Agreement liability adjustment																	1,555		(57,231)
Deferred income taxes																	(1,057)		65,388		3,645
Equity in net income of subsidiaries																	(3,204)		(5,049)		(8,195)
Changes in assets and liabilities:
Accrued expenses																	39		34		(15)
Income taxes payable																	(13)		(1)		31
Net cash provided by operating activities																	97		22		1
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																	(1,464)		(2,040)		(2,003)
Tax distributions to LLC members																	1,005		3,242		4,339
Net cash used in financing activities																	(459)		1,202		2,336
Net change in cash and cash equivalents																	(362)		324		2,337
Cash and cash equivalents, beginning of period															$ 6,219		6,543		6,219		3,882
Cash and cash equivalents, end of period	$ 6,181								$ 6,543								6,181		6,543		6,219
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid for interest																	26		33		16
Cash paid for income taxes, net																	$ 13		$ 1		$ (31)
[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 Contingencies_3

Commitments and Contingencies - Additional Information1 (Detail) - USD ($) $ in Millions	1 Months Ended
	Nov. 30, 2014	Dec. 25, 2018	Dec. 26, 2017
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		$ 82.7
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		$ 82.7	$ 81.8