Fogo de Chao 10-Q 12 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 28, 2015	Aug. 12, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 28, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Entity Registrant Name	FOGO DE CHAO, INC.
Trading Symbol	fogo
Entity Central Index Key	1,627,487
Current Fiscal Year End Date	--01-03
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		27,914,782

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands		Jun. 28, 2015	Dec. 28, 2014
Current assets:
Cash and cash equivalents		$ 24,980	$ 19,387
Accounts receivable		7,409	10,096
Inventories		5,015	5,456
Deferred tax assets		1,512	986
Prepaid expenses and other current assets		3,185	3,144
Total current assets		42,101	39,069
Property and equipment, net		112,629	113,206
Prepaid rent		522	656
Goodwill		213,789	220,316
Intangible assets, net		97,188	100,480
Other assets		4,412	3,442
Total assets	[1]	470,641	477,169
Current liabilities:
Accounts payable and accrued expenses		24,306	31,788
Current portion of long-term debt		0	4,788
Deferred revenue		4,202	4,857
Total current liabilities		28,508	41,433
Deferred rent		11,401	10,642
Long-term debt, less current portion		165,000	238,257
Deferred tax liabilities		16,252	29,982
Other noncurrent liabilities		1,245	1,396
Total liabilities	[1]	$ 222,406	$ 321,710
Commitments and contingencies (Note 12)
Fogo de Chão, Inc. shareholders' equity:
Preferred stock, $0.01 par value, 15,000,000 shares authorized, no shares issued and outstanding as of June 28, 2015; no shares authorized as of December 28, 2014		$ 0
Common stock, $0.01 par value, 200,000,000 shares authorized and 27,914,782 shares issued and outstanding as of June 28, 2015; 30,550,560 shares authorized and 22,813,378 shares issued and outstanding as of December 28, 2014		279	$ 228
Additional paid-in capital		273,614	175,987
Accumulated earnings		14,712	7,586
Accumulated other comprehensive loss		(42,377)	(29,720)
Total Fogo de Chão, Inc. shareholders' equity		246,228	154,081
Noncontrolling interests		2,007	1,378
Total equity		248,235	155,459
Total liabilities and equity		$ 470,641	$ 477,169
[1]	Consolidated assets as of June 28, 2015 and December 28, 2014 include total assets of $2,895 and $1,455, respectively, attributable to joint venture that can only be used to settle the obligations of the joint venture. Consolidated liabilities as of June 28, 2015 included total liabilities of $532 attributable to the consolidated joint venture. There were no liabilities of the joint venture as of December 28, 2014. See Note 6.

Unaudited Condensed Consolidat3

Unaudited Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 28, 2015	Dec. 28, 2014
Preferred stock, par value	$ 0.01
Preferred stock, shares authorized	15,000,000
Preferred stock, shares issued	0
Preferred stock, shares outstanding	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	200,000,000	30,550,560
Common stock, shares issued	27,914,782	22,813,378
Common stock, shares outstanding	27,914,782	22,813,378
Variable​ Interest ​Entity ​Minajaro
Assets of joint venture included in consolidated assets	$ 2,895	$ 1,455
Liabilities of joint venture included in consolidated liabilities	$ 532	$ 0

Unaudited Condensed Consolidat4

Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Statement Of Income And Comprehensive Income [Abstract]
Revenue	$ 68,210	$ 68,542	$ 133,169	$ 129,859
Restaurant operating costs:
Food and beverage costs	20,747	20,779	39,911	39,326
Compensation and benefit costs	15,926	13,781	30,026	27,672
Occupancy and other operating expenses (excluding depreciation and amortization)	11,387	11,165	22,561	21,985
Total restaurant operating costs	48,060	45,725	92,498	88,983
Marketing and advertising costs	1,869	1,407	3,271	2,849
General and administrative costs	17,178	5,136	22,886	9,804
Pre-opening costs	478	450	1,481	1,238
Loss on extinguishment/modification of debt	5,991	3,090	5,991	3,090
Depreciation and amortization	3,133	2,988	6,137	5,725
Other operating (income) expense, net	(55)	(44)	(168)	(113)
Total costs and expenses	76,654	58,752	132,096	111,576
Income (loss) from operations	(8,444)	9,790	1,073	18,283
Other income (expense):
Interest expense, net	(3,663)	(4,619)	(7,420)	(9,381)
Other income (expense), net	7	0	5	(4)
Total other income (expense), net	(3,656)	(4,619)	(7,415)	(9,385)
Income (loss) before income taxes	(12,100)	5,171	(6,342)	8,898
Income tax expense (benefit)	(14,581)	1,486	(13,329)	2,451
Net income	2,481	3,685	6,987	6,447
Less: Net income (loss) attributable to noncontrolling interest	20	0	(139)	0
Net income attributable to Fogo de Chão, Inc.	2,461	3,685	7,126	6,447
Other comprehensive income (loss):
Currency translation adjustment	2,743	3,417	(12,587)	6,512
Total other comprehensive income (loss)	2,743	3,417	(12,587)	6,512
Comprehensive income (loss)	5,224	7,102	(5,600)	12,959
Less: Comprehensive loss attributable to noncontrolling interest	(35)	0	(69)	0
Comprehensive income (loss) attributable to Fogo de Chão, Inc.	$ 5,259	$ 7,102	$ (5,531)	$ 12,959
Earnings per common share attributable to Fogo de Chão, Inc.:
Basic	$ 0.11	$ 0.16	$ 0.31	$ 0.28
Diluted	$ 0.10	$ 0.16	$ 0.30	$ 0.28
Weighted average common shares outstanding:
Basic	23,120,019	22,669,508	22,974,204	22,669,508
Diluted	23,852,895	22,999,454	23,472,964	22,988,074

Unaudited Condensed Consolidat5

Unaudited Condensed Consolidated Statement of Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Accumulated (Deficit) Earnings	Accumulated Other Comprehensive Loss	Fogo de Chao, Inc. Shareholders' Equity	Noncontrolling Interests
Balance at Dec. 29, 2013	$ 150,322	$ 227	$ 175,223	$ (9,969)	$ (15,159)	$ 150,322	$ 0
Balance, shares at Dec. 29, 2013		22,669,548
Net income (loss)	6,447	$ 0	0	6,447	0	6,447	0
Share-based compensation	378	0	378	0	0	378	0
Currency translation adjustment	6,512	0	0	0	6,512	6,512	0
Balance at Jun. 29, 2014	163,659	$ 227	175,601	(3,522)	(8,647)	163,659	0
Balance, shares at Jun. 29, 2014		22,669,548
Net income (loss)	10,826	$ 0	0	11,108	0	11,108	(282)
Restricted shares vested	0	$ 1	(1)	0	0	0	0
Restricted shares vested, shares		143,830
Share-based compensation	387	$ 0	387	0	0	387	0
Currency translation adjustment on unremitted earnings	393	0	0	0	393	393	0
Currency translation adjustment	(21,587)	0	0	0	(21,466)	(21,466)	(121)
Balance at Dec. 28, 2014	$ 155,459	$ 228	175,987	7,586	(29,720)	154,081	1,378
Balance, shares at Dec. 28, 2014	22,813,378	22,813,378
Contribution from noncontrolling interests	$ 1,781	$ 0	0	0	0	0	1,781
Net income (loss)	6,987	0	0	7,126	0	7,126	(139)
Issuance of common stock	301	$ 0	301	0	0	301	0
Issuance of common stock, shares		27,876
Issuance of common stock in connection with IPO, net of transaction costs	91,283	$ 51	91,232	0	0	91,283	0
Issuance of common stock in connection with IPO, net of transaction costs, shares		5,073,528
Share-based compensation	6,094	$ 0	6,094	0	0	6,094	0
Currency translation adjustment	(12,587)	0	0	0	(12,657)	(12,657)	70
Balance at Jun. 28, 2015	$ 248,235	$ 279	273,614	14,712	(42,377)	246,228	2,007
Balance, shares at Jun. 28, 2015	27,914,782	27,914,782
Contribution from noncontrolling interests	$ 698	$ 0	$ 0	$ 0	$ 0	$ 0	$ 698

Unaudited Condensed Consolidat6

Unaudited Condensed Consolidated Statement of Shareholders' Equity (Parenthetical) - USD ($) $ in Thousands	6 Months Ended
	Dec. 28, 2014	Jun. 29, 2014
Statement Of Stockholders Equity [Abstract]
Tax benefit for foreign currency translation adjustment	$ 0	$ 0

Unaudited Condensed Consolidat7

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014
Cash flows from operating activities:
Net income	$ 6,987	$ 6,447
Adjustments to reconcile net income to net cash flows provided by operating activities:
Depreciation and amortization of property and equipment	5,999	5,580
Amortization of definite-lived intangibles	138	145
Amortization of favorable/unfavorable leases	(91)	(91)
Amortization of debt issuance costs	164	172
Amortization original issue discount	549	666
Loss on extinguishment/modification of debt	5,991	3,090
Deferred income taxes	(14,256)	1,220
Share-based compensation expense	6,094	378
Loss on disposal of property and equipment	38	0
Changes in operating assets and liabilities:
Accounts receivable	1,704	1,284
Prepaid expenses and other assets	(284)	243
Inventories	96	205
Accounts payable and accrued expenses	(4,632)	(11,193)
Accrued interest	(3,531)	(901)
Deferred revenue	(620)	(641)
Deferred rent and tenant allowance	1,136	1,353
Net cash flows provided by operating activities	5,482	7,957
Cash flows from investing activities:
Capital expenditures	(7,034)	(9,817)
Net cash flows used in investing activities	(7,034)	(9,817)
Cash flows from financing activities:
Proceeds from term loan, net of discount	0	224,574
Debt issuance costs	(2,396)	(784)
Repayment on term loans, Senior Credit Facility	(3,349)	(225,612)
Payoff of term loans, Senior Credit Facility	(245,085)
Pre-payment premium and fees, payoff, Senior Credit Facility	(326)
Borrowings on 2015 Credit Facility	165,000
Borrowings on revolver	0	7,000
Proceeds from the issuance of common stock	301	0
Proceeds from the issuance of common stock sold in initial public offering, net of underwriter fees	94,368
Payments of initial public offerings costs	(1,514)
Contribution from noncontrolling interest	698	0
Net cash flows provided by financing activities	7,697	5,178
Effect of foreign exchange rates on cash and cash equivalents	(552)	431
Net increase in cash and cash equivalents	5,593	3,749
Cash and cash equivalents at beginning of period	19,387	16,010
Cash and cash equivalents at end of period	24,980	19,759
Supplemental disclosure of cash flow information:
Interest	14,146	9,294
Income taxes, net of refunds	1,126	1,228
Non-cash activities:
Capital expenditures included in accounts payable and accrued expenses	375	551
Initial public offering costs included in accounts payable and accrued expenses	1,287	$ 0
Debt issuance costs included in accounts payable and accrued expenses	$ 465

Description of Business

Description of Business	6 Months Ended
	Jun. 28, 2015
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Description of Business	1. Description of Business Fogo de Chão, Inc. and subsidiaries (the “Company”) operates upscale Brazilian churrascaria steakhouses under the brand of Fogo de Chão. As of June 28, 2015, the Company operated, through its subsidiaries, 26 restaurants in the United States and 10 restaurants in Brazil and one joint venture restaurant in Mexico. Fogo de Chão, Inc. is a holding company with no assets or operations of its own. The Company owns 100% of Brasa (Purchaser) Inc. (“Brasa Purchaser”), which owns 100% of Brasa (Holdings) Inc. (“Brasa Holdings”). Brasa Holdings owns 100% of Fogo de Chão (Holdings) Inc. (“Fogo Holdings”), which owns the Company’s domestic and foreign operating subsidiaries. On June 24, 2015, the Company completed an initial public offering (the "IPO") of 5,073,528 shares of common stock at a price to the public of $20.00 per share, which included 661,764 shares sold to the underwriters pursuant to their option to purchase additional shares. After underwriters’ discounts and commissions and offering costs, the Company received net proceeds from the offering of approximately $91,283. Proceeds from the offering were used to repay borrowings under the Company’s credit facility (see Note 7). In connection with the closing of the IPO, the Company effected a stock split pursuant to which each share held by the holder of common stock was reclassified into 25.4588 shares. All share and per share data have been retroactively restated in the accompanying financial statements, and in the accompanying notes which are an integral part of the financial statements, to give effect to the stock split.

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 28, 2015
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation	2. Basis of Presentation Interim Financial Statements Certain information and footnote disclosures normally included in audited consolidated financial statements presented in accordance with generally accepted accounting principles in the United States of America (“GAAP”) have been condensed or omitted pursuant to rules and regulations of the Securities and Exchange Commission (the “SEC”). Due to the seasonality of the Company’s business, results for any interim financial period are not necessarily indicative of the results that may be achieved for a full fiscal year. In addition, quarterly results of operations may be impacted by the timing and amount of sales and costs associated with the opening of new restaurants. These interim unaudited consolidated financial statements should be read in conjunction with the Company’s annual financial statements for the fiscal year ended December 28, 2014, included in the Company’s final prospectus filed on June 19, 2015. The unaudited interim financial statements have been prepared on the same basis as the audited annual financial statements, and, in the opinion of management, reflect all adjustments, consisting only of normal recurring adjustments, considered necessary for a fair statement of the results for the interim periods presented. Principles of Consolidation The accompanying consolidated financial statements include the assets, liabilities and results of operations of the Company, as well as consolidated joint ventures for which the Company has determined that it is the primary beneficiary. All intercompany balances and transactions have been eliminated in the consolidated financial statements. Accounting Year The Company uses a 52/53 week fiscal year convention whereby its fiscal year ends each year on the Sunday that is closest to December 31 of that year. Each fiscal year generally is comprised of four 13-week fiscal quarters, although in the years with 53 weeks the fourth quarter represents a 14-week period. Fiscal year 2015 will include 53 weeks of operations. Fiscal year 2014 included 52 weeks of operations.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 28, 2015
Accounting Policies [Abstract]
Significant Accounting Policies	3. Summary of Significant Accounting Policies Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions, such as the valuation of long-lived, definite and indefinite-lived assets, estimated useful lives of assets, the reasonably assured lease terms of operating leases, valuation of the workers’ compensation and Company-sponsored employee health insurance program liabilities, the fair value of share-based compensation, and deferred tax valuation allowances, that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Capitalized Interest Direct and certain related indirect costs of construction, including interest, are capitalized in conjunction with construction and development projects. These costs are included in property and equipment and are amortized over the life of the related building and leasehold interest. The Company capitalized no interest during the thirteen week period ended June 28, 2015, capitalized interest of $31 during the twenty-six week period ended June 28, 2015, and capitalized $27 and $109 during the thirteen and twenty-six week periods ended June 29, 2014, respectively. Deferred Initial Public Offering Costs As of December 28, 2014, the Company had deferred $1,041 of IPO related costs. Deferred IPO costs, which primarily consisted of direct, incremental legal, accounting and other professional fees relating to the IPO, are included in other assets (noncurrent) in the consolidated balance sheet. These deferred costs were offset against the IPO proceeds upon the consummation of the offering during the second quarter of Fiscal 2015. Fair Value As of June 28, 2015 and December 28, 2014, the fair value of cash and cash equivalents, accounts receivable, accounts payable, accrued expenses, and other current liabilities approximated their carrying value due to their short-term nature. The carrying amounts of the long-term debt approximate fair value as interest rates vary with the market interest rates and negotiated terms and conditions are consistent with current market rates. Revenue Revenue from restaurant sales is recognized when food and beverage products are sold and is presented net of employee meals and complimentary meals. Proceeds from the sale of gift cards that do not have expiration dates are recorded as deferred revenue at the time of the sale and recognized as revenue when the gift card is redeemed by the holder. The portion of gift cards sold which are never redeemed is commonly referred to as gift card breakage. The Company recognizes gift card “breakage” revenue for gift cards when the likelihood of redemption becomes remote and the Company determines there is no legal obligation to remit the value of the unredeemed gift cards to governmental agencies. The Company estimates the gift card breakage rate based upon the pattern of historical redemptions. Prior to the third quarter of Fiscal 2014, the Company did not recognize any breakage revenue because it did not have sufficient historical data to allow management to reasonably estimate a pattern of historical redemptions. During the third quarter of Fiscal 2014, the Company concluded it had accumulated sufficient historical data from a large pool of homogeneous transactions to allow management to reasonably and objectively determine an estimated pattern of historical gift card redemptions. Accordingly, the Company accounted for this change prospectively as a change in estimate and recorded an adjustment during the third quarter of Fiscal 2014 to recognize previously unrecognized breakage revenue in the amount of $684 on gift cards whose likelihood of redemption was determined to be remote. During the fourth quarter of Fiscal 2014 the Company recognized an additional $195 in gift card breakage revenue. The Company recognized $17 and $31 in gift card breakage revenue during the thirteen and twenty-six week periods ended June 28, 2015, respectively. Insurance Reserves Beginning in Fiscal 2013, the Company is self-insured for certain losses related to workers’ compensation claims and Company-sponsored employee health insurance programs. The Company estimates the accrued liabilities for all self-insurance programs at the end of each reporting period. Accrued liabilities include the estimated incurred but unreported costs to settle unpaid claims. To limit exposure to losses, the Company maintains stop-loss coverage through third-party insurers. The deductibles range from approximately $200 to $250 per claim. The accrued liability attributable to all self-insurance programs was $1,447 and $1,230 as of June 28, 2015 and December 28, 2014, respectively, and is included in accounts payable and accrued expenses in the consolidated balance sheets. The estimated liability is not discounted and is based on a number of assumptions and factors, including historical trends and actuarial assumptions. Variable Interest Entities (“VIEs”) The Company consolidates VIEs in which the Company is deemed to have a controlling interest as a result of the Company having both the power to direct the activities that significantly impact the entity’s economic performance and the right to receive the benefits that could potentially be significant to the VIE. If the Company has a controlling interest in a VIE, the assets, liabilities, and results of the operations of the variable interest entity are included in the consolidated financial statements. Segment Reporting Fogo de Chão, Inc. owns and operates full-service, Brazilian steakhouses in the United States and Brazil using a single restaurant concept and brand. Each restaurant under the Company’s single global brand operates with similar types of products and menu, providing a continuous service style, similar contracts, customers and employees, irrespective of location. ASC 280, “Segment Reporting” “management approach” Concentration Risk The Company previously relied on three food distributors for the majority of its beef and grocery purchases for its operations in the United States and Brazil and, effective Fiscal 2015, now relies on one distributor for substantially all of its beef purchases for its operations in the United States. However, the products purchased through this distributor are widely available at similar prices from multiple distributors. The Company does not anticipate any risk to the business in the event that one or all of these distributors is no longer available to provide their goods or services. However, a change in suppliers could potentially result in different costs.

Recent Accounting Standards

Recent Accounting Standards	6 Months Ended
	Jun. 28, 2015
Accounting Changes And Error Corrections [Abstract]
Recent Accounting Standards	4. Recent Accounting Standards Recently Adopted Accounting Standards In April 2014, the FASB issued ASU No. 2014-08, “ Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. Recently Issued Accounting Standards Recent accounting pronouncements not included below are not expected to have a material impact on the Company’s consolidated financial position or results of operations. In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers.” In August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern.” In February 2015, the FASB issued ASU No. 2015-2, “Consolidation (Topic 820): Amendments to the Consolidation Analysis.” In April 2015, the FASB issued ASU 2015-03, “Simplifying the Presentation of Debt Issuance Costs,”

Accounts Payable and Accrued Ex

Accounts Payable and Accrued Expenses	6 Months Ended
	Jun. 28, 2015
Payables And Accruals [Abstract]
Accounts Payable and Accrued Expenses	5. Accounts Payable and Accrued Expenses Accounts payable and accrued expenses consist of the following: June 28, December 28, 2015 2014 Accounts payable $ 8,745 $ 10,590 Deferred rent (current) 683 309 Payroll and payroll related 8,438 9,975 Interest payable 56 3,587 Sales and beverage taxes payable 1,327 1,971 Self-insurance reserves 1,447 1,230 Income and other taxes payable 894 1,018 Other accrued expenses 2,716 3,108 Total $ 24,306 $ 31,788

Joint Ventures

Joint Ventures	6 Months Ended
	Jun. 28, 2015
Equity Method Investments And Joint Ventures [Abstract]
Joint Ventures	6. Joint Ventures Mexico On July 1, 2014, the Company entered into a joint venture agreement with Minajaro, S.A. de C.V. (“Minajaro,” and together with the Company, the “Parties”), a non-related party, to form JV Churrascaria Mexico, S. de R.L. de C.V. (the “Minajaro JV), for the purposes of jointly developing, constructing and operating Brazilian style steakhouses under the “Fogo de Chão” name in certain locations in Mexico. Pursuant to the joint venture agreement, the Company owns 51% of the ownership interests in the joint venture and is entitled to receive 50% of the profits of the joint venture after the Parties recoup their initial contributions. The Company is also entitled to a license fee equal to a percentage of the annual gross revenue of each restaurant developed, constructed or operated by the Minajaro JV. The Company determined that it is the primary beneficiary of the joint venture since the Company will have the power to direct activities that significantly impact the entity on a day-to-day basis. These activities include, but are not limited to having an affirmative vote over key operating decisions of the joint venture. In May of 2015, the Minajaro JV opened its first restaurant in Mexico City. Fogo Holdings recognized $37 in license fee income during the thirteen and twenty-six week periods ended June 28, 2015. This income, and the related expense recognized by the Minajaro JV, are eliminated in consolidated net income (loss).The license fee expense, recognized by the Minajaro JV, is included in net income (loss) attributable to the noncontrolling interest. The license fee income, recognized by Fogo Holdings, is included in net income (loss) attributable to Fogo de Chão, Inc. Net income (loss) from the Minajaro JV for the thirteen and twenty-six week periods ended June 28, 2015, have been allocated to the Company’s joint venture partner in accordance with the terms of the joint venture agreement. The assets of the consolidated joint venture are restricted for use only by the joint venture and are not available for the Company’s general operations. As of June 28, 2015, all net assets of the Minajaro JV have been contributed and are owned by the Company’s joint venture partner and, as a result, have been allocated to the noncontrolling interest in the Minajaro JV. The following table presents the consolidated assets and liabilities of the Minajaro JV included within the Company’s consolidated balance sheets as of June 28, 2015 and December 28, 2014, respectively: June 28, 2015 December 28, 2014 Cash and cash equivalents $ 313 $ — Accounts receivable 73 — Inventories 112 — Prepaid expenses and other assets 774 469 Property and equipment, net 1,623 986 Total assets $ 2,895 $ 1,455 Accounts payable and accrued expenses $ 888 $ 77 Total liabilities 888 77 Noncontrolling interest 2,007 1,378 Total owners' equity 2,007 1,378 Total liabilities and owners' equity $ 2,895 $ 1,455 Accounts payable include $356 and $77 due to the Company as of June 28, 2015 and December 28, 2014, respectively, and are eliminated in consolidation. Middle East During the first quarter of Fiscal 2015, a wholly-owned subsidiary of the Company entered into a shareholders agreement with FDC Global Holdings B.V., a non-related party owned by the Enany Group, to form FD Restaurants Ltd., a Cayman Islands exempted company (the “Middle East Venture”), for the purposes of jointly developing, constructing and operating Brazilian style steakhouses under the “Fogo de Chão” name in certain locations in the United Arab Emirates, Qatar, Kuwait, Oman, Bahrain, the Kingdom of Saudi Arabia and Lebanon. Pursuant to the agreement, the Company will own 51% of the ownership interests in the Middle East Venture and will be entitled to receive 50% of the profits of the Middle East Venture after the parties recoup their initial contributions. The Company will be entitled to a license fee equal to a percentage of the annual gross revenue of each restaurant developed, constructed or operated by the Middle East Venture. The Company accounts for its investment in the Middle East Venture under the equity method as it has determined that it does not have a controlling interest in the Middle East Venture since the Company will not have the power to direct activities that significantly impact the Middle East Venture on a day-to-day basis, but does have the ability to exercise significant influence. The Company’s consolidated financial statements do not include any amounts of license fee revenue attributable to the Middle East Venture, as the construction of restaurants included in the joint venture are currently in process. As of June 28, 2015, the Company has no basis in the Middle East Venture as it has not contributed any capital to the entity.

Long-Term Debt

Long-Term Debt	6 Months Ended
	Jun. 28, 2015
Debt Disclosure [Abstract]
Long-Term Debt	7. Long-Term Debt Long-term debt consists of the following: June 28, December 28, 2015 2014 Senior Credit Facility: Term Loan A $ — $ 223,434 Term Loan B — 25,000 2015 Credit Facility: Revolving Credit Facility 165,000 — 165,000 248,434 Debt discount — (5,389 ) Line of credit (Senior Credit Facility) — — 165,000 243,045 Less: Current portion of long-term debt — (4,788 ) Long-term debt, less current portion $ 165,000 $ 238,257 On June 24, 2015, in connection with the closing of the IPO, the Company refinanced its existing credit facility (the “Senior Credit Facility”) and Brasa (Holdings) Inc., an indirect subsidiary of the Company, as the borrower (the “Borrower”) and Brasa (Purchaser) Inc., a direct subsidiary of the Company, entered into a new credit facility (the “2015 Credit Facility”). Upon the closing of the IPO, the Company drew down $165,000 under the 2015 Credit Facility and used those borrowings, along with the net proceeds from the IPO, to repay the outstanding existing debt under the Senior Credit Facility. The Company recorded a loss on the extinguishment of $5,991, which included the write-off of unamortized debt issuance costs of $825 and original issue discount of $4,840. In addition, the Company was required to pay a $250 pre-payment premium on Term Loan B and $76 in legal and other expenses directly attributable to the extinguishment. The Company had previously amended its Senior Credit Facility in April 2014, which resulted in a modification of the existing Term Loan A. The Company recorded a loss on modification of $3,090. Senior Credit Facility The Company’s Senior Credit Facility consisted of two term loans (Term Loan A and Term Loan B) and a revolving line of credit. Term Loan A principal was due in quarterly installments and bore interest quarterly, at 3-month LIBOR plus a spread of 4.00% with a LIBOR floor value of 1.00%. The maturity date of Term Loan A was July 20, 2019. Term Loan B had a maturity date of January 20, 2020 and bore interest at LIBOR plus a spread of 9.50% with a LIBOR floor value of 1.50%. The revolving line of credit bore interest at a rate of LIBOR plus a spread of 4.00% and had a maturity date of July 20, 2017. Additionally, the Company paid a commitment fee on the unused portion of the revolving line of credit at a rate of 0.50%. The Company was required to maintain certain financial covenants as defined in the credit facility agreement. Under the terms of the agreement, various remedies existed for the lender should the terms of the covenants not be met, including changes in interest rates and other fees or charges. The Company was in compliance with these covenants at December 28, 2014. Under the terms of the Senior Credit Facility agreement, the Company was required to make mandatory prepayments in the event of Excess Cash Flows, as defined in the credit facility agreement. The Company reclassified $1,938 at December 28, 2014 of long-term debt to current as a result of this provision. The Company made this mandatory prepayment as required. Brasa Holdings was the sole issuer of all of the outstanding debts and revolving line of credit of the Senior Credit Facility. The Senior Credit Facility was secured by substantially all assets of Brasa Holdings and its subsidiaries. 2015 Credit Facility The 2015 Credit Facility provides for (i) a $250,000 revolving credit facility (the “Revolving Credit Facility”) and (ii) incremental facilities that may include (A) one or more increases to the amount available under the Revolving Credit Facility, (B) the establishment of one or more new revolving credit commitments and/or (C) the establishment of one or more term loan commitments. The loans under the Revolving Credit Facility mature on June 24, 2020. At the Company’s option, loans under the Revolving Credit Facility may be Base Rate Loans or Eurodollar Rate Loans (each as defined in the credit agreement) and bear interest at a Base Rate or Eurodollar Rate (each as defined in the credit agreement), respectively, plus the Applicable Rate (as defined in the credit agreement). The Base Rate is a fluctuating rate per annum equal to the highest of (i) the Federal Funds Rate in effect on such day plus 0.5%, (ii) the Prime Rate and (iii) the Eurodollar Rate applicable for an Interest Period of one (1) month plus 1.00%. The Eurodollar Rate is a rate per annum determined for the applicable interest period by reference to the London interbank offered rate administered by ICE Benchmark Administration and displayed by Reuters (or, if not available for any interest period, an interpolated rate determined by the Administrative Agent). The Applicable Rate will be (i) in the case of any Base Rate Loan (including Swingline Loans), 1.00% and (ii) in the case of any Eurodollar Rate Loan, 2.00%; provided that, following delivery of financial statements pursuant to the credit agreement for the first full fiscal quarter ending after the closing date, the “Applicable Rate” for any Base Rate Loans (including Swingline Loans) or Eurodollar Rate Loan shall be between 50 and 150 basis points with respect to Base Rate Loans and between 150 and 250 basis points with respect to Eurodollar Rate Loans, depending on the Total Rent Adjusted Leverage Ratio (as defined in the credit agreement). The Borrower and its restricted subsidiaries are subject to affirmative, negative and financial covenants, and events of default customary for facilities of this type (with customary grace periods, as applicable, and lender remedies). The covenants, among other things, restrict, subject to certain exceptions, the Borrower’s and each of its restricted subsidiary’s ability to (i) incur additional indebtedness, (ii) issue stock, (iii) create liens on assets, (iv) engage in mergers or consolidations, (v) sell assets, (vi) make investments, loans or advances, (vii) make certain acquisitions, (viii) engage in certain transactions with affiliates, (ix) authorize or pay dividends, (x) enter into certain restrictive agreements and (xi) change lines of business or fiscal year. In addition, the Borrower will be required to maintain two financial covenants, which include a maximum Total Rent Adjusted Leverage Ratio (at levels that may vary by quarter until maturity) and a minimum Consolidated Interest Coverage Ratio. Beginning with the third quarter ending September 27, 2015, these required ratios will be 5.50 to 1 and 2.00 to 1, respectively. The Company was in compliance with these covenants at June 28, 2015. Because the Company is not required to make principal payments on any outstanding balance under the Revolving Credit Facility until June 24, 2020, any outstanding balance is reported as non-current in the Company’s consolidated balance sheet as a component of long-term debt. As of June 28, 2015, the Company had five letters of credit outstanding for a total of $2,373 and $82,627 of available borrowing capacity under the 2015 Credit Facility. Debt Issuance Costs Costs incurred in connection with the issuance of long-term debt are amortized to interest expense using the effective interest rate method over the term of the related credit facility. Remaining unamortized debt issuance costs were $2,860 and $989 at June 28, 2015 and December 28, 2014, respectively. These balances are included in other assets (noncurrent) in the consolidated balance sheets. Upon the extinguishment of the Senior Credit Facility (discussed above) all remaining unamortized debt issuance costs attributable to the Senior Credit Facility were expensed as a component of the loss on the debt extinguishment.

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jun. 28, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Share-Based Compensation	8. Share-Based Compensation In 2012, the Company established its 2012 Omnibus Equity Incentive Plan (the “2012 Plan”). Prior to the IPO, the Company granted share-based awards pursuant to the 2012 Plan. In connection with the IPO, the Company adopted its 2015 Omnibus Incentive Plan (the “2015 Plan”). All outstanding equity awards under the 2012 Plan will remain outstanding under the 2012 Plan and will be governed by the 2012 Plan and their respective award agreements. The 2012 Plan provides for the Company to sell or issue restricted common stock or to grant stock options, stock appreciation rights or other share-based awards to employees, members of the board of directors and consultants of the Company. Each award will be subject to the terms and conditions set forth in the 2012 Plan and to those other terms and conditions specified in the underlying award agreement. Under the 2012 Plan, a maximum of 2,291,296 shares of common stock are reserved for issuance of stock-based awards. Awards granted under the 2015 Plan may consist of incentive stock options, nonqualified stock options, stock appreciation rights, restricted stock, restricted stock units, and other share-based awards and cash awards. Each award will be subject to the terms and conditions set forth in the 2015 Plan and to those other terms and conditions specified in the underlying award agreement. The 2015 Plan authorizes up to 1,200,000 shares of common stock for issuance pursuant to the terms of the 2015 Plan. Both the 2012 Plan and the 2015 Plan are administered by the board of directors of Fogo de Chão, Inc., or at the discretion of the board of directors, by a committee of the board. The exercise prices, vesting and other restrictions are determined at the discretion of the board of directors, or a committee of the board, as applicable, except that the exercise price per share of stock options may not be less than 100% of the fair market value of the share of common stock on the date of grant and the term of the stock option may not be greater than ten years (the maximum allowed contractual life). Stock Options Stock options granted under the 2012 Plan were typically granted to employees in two tranches, each with separate exercise prices. The exercise price for the first tranche was based on the fair value of common stock on the date of grant, and the exercise price of the second tranche was typically 200% of the fair value of common stock on the date of grant. These options typically vest upon both (i) the completion of a four or five year vesting period and (ii) the satisfaction of a Liquidity Event, as that term is defined in the stock option award agreement. Under the terms of the option award agreement, a Liquidity Event is defined as the earlier to occur of (i) a change in control transaction or (ii) an initial public offering. As the completion of a Liquidity Event cannot be considered probable until it occurs, no expense associated with these awards was recorded until the Liquidity Event occurred. Upon the closing of the IPO, options for the purchase of 783,606 shares of common stock vested as a result of the satisfaction of the Liquidity Event vesting condition. The Company recognized $5,658 of compensation expense associated with these options. During the first quarter of Fiscal 2015, the Company granted stock options for the purchase of 2,316 shares of common stock with an exercise price of $10.78. The fair value of each option on the date of grant was $3.29. These options were fully vested and exercisable immediately upon grant to the individual. As there is no other time, performance or market conditions related to these stock options, the Company recognized the full $8 of compensation expense associated with these awards during the first quarter of Fiscal 2015. These stock options were granted under the 2012 Plan. During the second quarter of Fiscal 2015, the Company granted stock options for the purchase of 138,200 shares of common stock with an exercise price of $20.00. The fair value of each option on the date of grant was $6.55. Each stock option grant was immediately vested 20% on the grant date and continues to vest 20% on each of the first four anniversaries of the grant date, subject to the participant’s continued service with the Company through each such anniversary date. The Company recognized $181 of compensation expense associated with these awards during the second quarter of Fiscal 2015. These stock options were granted under the 2015 Plan. The fair values of the stock options granted, during the first and second quarters of Fiscal 2015, were estimated on the date of grant using the Black-Scholes option-pricing model. The following table sets forth the assumptions that the Company used to determine the fair value of the stock options granted, presented on a weighted-average basis: Assumptions: Expected term (in years) 6.0 Risk-free interest rate 1.86 % Volatility 30 % Dividend yield 0 % Prior to the IPO, the Company was a privately held company and accordingly lacks sufficient company-specific historical and implied volatility information. Therefore, it estimates its expected stock volatility based on the historical volatility of a publicly-traded group of peer companies and expects to continue to do so until such time as it has adequate historical data regarding the volatility of its own traded stock price. The expected term of the options represents the estimated period of time until exercise and is based on historical experience of similar options, giving consideration to the contractual terms, vesting schedules and expectations of future employee behavior. The risk-free interest rate is determined by reference to the U.S. Treasury yield curve in effect at the time of grant of the award for time periods approximately equal to the expected term of the award. Expected dividend yield is based on the fact that the Company has never paid cash dividends and does not expect to pay any cash dividends in the foreseeable future. The following table summarizes the Company’s stock option activity from December 28, 2014 through June 28, 2015: Shares Weighted Average Exercise Price Outstanding at December 28, 2014 2,245,474 $ 10.21 Granted 140,516 $ 19.85 Exercised — — Forfeited (50,408 ) $ 13.04 Outstanding at June 28, 2015 2,335,582 $ 10.73 Vested (and exercisable) at June 28, 2015 831,406 $ 10.31 Unvested at June 28, 2015 1,504,176 $ 10.97 As of June 28, 2015, the Company had an aggregate of $2,167 of unrecognized share-based compensation cost related to outstanding stock options, which is expected to be recognized over a weighted average period of 3.3 years. Restricted Stock The Company has granted restricted common stock with time-based vesting conditions. Unvested shares of restricted common stock may not be sold or transferred by the holder. These restrictions lapse according to the time-based vesting conditions of each award which is typically between two and four years. The following table summarizes the Company’s restricted stock activity from December 28, 2014 through June 28, 2015: Weighted Average Grant Date Shares Fair Value Outstanding at December 28, 2014 315,451 $ 7.69 Issued 2,316 $ 10.78 Vested — — Forfeited — — Outstanding at June 28, 2015 317,767 $ 7.71 As of June 28, 2015, the Company had an aggregate of $444 of unrecognized share-based compensation cost related to outstanding restricted common stock, which is expected to be recognized over a weighted average period of 1.7 years. Share-Based Compensation Expense The Company recorded share-based compensation expense related to stock options and restricted stock in the following expense categories in its statements of operations and comprehensive income (loss): Thirteen Week Periods Ended Twenty-Six Week Periods Ended June 28, June 29, June 28, June 29, 2015 2014 2015 2014 Restaurant operating expenses $ 1,520 $ 94 $ 1,576 $ 188 General and administrative 4,444 95 4,518 190 Total $ 5,964 $ 189 $ 6,094 $ 378 Shares Available As of June 28, 2015, 83,835 and 1,061,800 shares remained available for future issuance under the 2012 Plan and 2015 Plan, respectively.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 28, 2015
Earnings Per Share [Abstract]
Earnings Per Share	9. Earnings Per Share Basic earnings per share is calculated by dividing net income attributable to Fogo de Chão, Inc. by the weighted-average number of shares of common stock outstanding during each period. Diluted earnings per share is calculated by dividing net income attributable to Fogo de Chão, Inc. by the weighted-average number of shares of common stock outstanding adjusted to give effect to potentially dilutive securities. Potentially dilutive securities include shares of common stock underlying stock options and unvested restricted stock. The following table sets forth the computations of basic and dilutive earnings per share: Thirteen Week Periods Ended Twenty-Six Week Periods Ended June 28, June 29, June 28, June 29, 2015 2014 2015 2014 Net income attributable to Fogo de Chão, Inc. $ 2,461 $ 3,685 $ 7,126 $ 6,447 Basic weighted average shares outstanding 23,120,019 22,669,508 22,974,204 22,669,508 Effect of dilutive securities: Unvested restricted stock 276,399 327,375 268,205 315,995 Stock options 456,477 2,571 230,555 2,571 Diluted weighted average number of shares outstanding 23,852,895 22,999,454 23,472,964 22,988,074 Basic earnings per share $ 0.11 $ 0.16 $ 0.31 $ 0.28 Diluted earnings per share $ 0.10 $ 0.16 $ 0.30 $ 0.28 The Company excluded stock options to purchase 2.1 million shares of common stock from the computation of diluted earnings per share for the thirteen and twenty-six week periods ended June 29, 2014. These options have performance-based vesting conditions related to a Liquidity Event, as that term is defined in the stock option award agreement. Because these stock options do not vest unless the performance-based vesting condition is met, they would only be included in the computation of diluted earnings per share if the performance-based vesting condition had been satisfied or would have been satisfied as of the reporting date. Because the performance-based vesting condition had not been satisfied and would not have been satisfied as of June 29, 2014, they have been excluded from the calculation of diluted earnings per share for the thirteen and twenty-six week periods ended June 29, 2014. All other potentially dilutive securities have been included in the calculation of diluted earnings per share for the thirteen and twenty-six week periods ended June 29, 2014. The Company excluded stock options to purchase 0.9 million shares of common stock from the computation of diluted earnings per share for the thirteen and twenty-six week periods ended June 28, 2015, because their inclusion would have been anti-dilutive.

Interest Expense, Net

Interest Expense, Net	6 Months Ended
	Jun. 28, 2015
Other Income And Expenses [Abstract]
Interest Expense, Net	10. Interest Expense, net The components of interest expense, net are as follows: Thirteen Week Periods Ended Twenty-Six Week Periods Ended June 28, June 29, June 28, June 29, 2015 2014 2015 2014 Interest expense $ 3,813 $ 4,826 $ 7,772 $ 9,830 Capitalized interest — (27 ) (31 ) (109 ) Interest income (150 ) (180 ) (321 ) (340 ) Interest expense, net $ 3,663 $ 4,619 $ 7,420 $ 9,381

Income Taxes

Income Taxes	6 Months Ended
	Jun. 28, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure	11. Income Taxes The Company recognized income tax benefit of $14,581 for the thirteen week period ended June 28, 2015, compared to income tax expense of $1,486 for the thirteen week period ended June 29, 2014. The Company’s consolidated effective tax rate was 120.5% for the thirteen week period ended June 28, 2015, compared to 28.7% for the thirteen week period ended June 29, 2014. The net increase in the effective tax rate for the thirteen week period ended June 28, 2015, compared to the same period in 2014, was primarily due to a book net loss for the second quarter, and tax benefit related to change in assertion with respect to Brazilian subsidiaries’ undistributed earnings. The Company has historically provided deferred taxes under ASC 740-30-25, formerly APB 23, for the presumed repatriation to the United States earnings from the Company’s Brazilian subsidiaries. In June 2015, the Company asserted that undistributed net earnings of its Brazilian subsidiaries would be indefinitely reinvested in operations outside the United States. This was primarily driven by a reduction in debt service costs on a forward basis as a result of the IPO. Additionally, future US cash projections and the Company’s intent to continue investing in restaurants in foreign jurisdictions with cash generated in those jurisdictions, drove the Company’s decision to make the assertion. As a result of the change in assertion, the Company reduced its deferred tax liabilities related to undistributed foreign earnings by $13,877 in the second quarter of Fiscal 2015. In June 2015, the Company also made the decision to release its valuation allowance against its net deferred tax asset net of deferred tax liabilities related to assets with indefinite lives. The decision to release the valuation allowance was triggered in conjunction with the IPO. Reduced debt service costs and future projections of US pretax income (plus permanent tax differences) were all sources of positive evidence that led the Company to believe that it was more likely than not that it would be able to realize its net deferred tax assets. The Company recognized income tax benefit of $13,329 for the twenty-six week period ended June 28, 2015, compared to income tax expense of $2,451 for the twenty-six week period ended June 29, 2014. The Company’s consolidated effective tax rate, exclusive of discrete tax benefit, was approximately (2.8)% for the twenty-six week period ended June 28, 2015, compared to 27.5% for the twenty-six period ended June 29, 2014. The net decrease in the effective tax rate for the twenty-six week period ended June 28, 2015, exclusive of discrete tax benefit, compared to the same period in 2014, was primarily due to the change in assertion with respect to Brazilian subsidiaries’ undistributed earnings, and release of the valuation allowance of $2,837.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 28, 2015
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	12. Commitments and Contingencies Lease Commitments The Company leases its corporate office and various of its restaurant locations under non-cancelable operating leases. These leases have initial lease terms of between ten and twenty years and generally carry renewal options that can extend the term of the leases for an additional five to ten years. Future minimum lease payments for non-cancelable leases (excluding contingent rental payments) are as follows: 2015 (remaining) $ 8,239 2016 18,750 2017 18,859 2018 16,652 2019 15,372 2020 15,052 Thereafter 91,857 Total $ 184,781 Future minimum lease payments attributable to locations in Brazil and Mexico, which will be made in the functional currency of the respective countries, have been estimated using the period-end currency exchange rate. Litigation The Company is engaged in ordinary and routine litigation incidental to its business. Management does not anticipate that any amounts that the Company may be required to pay by reason of such litigation will have a materially adverse effect on its financial position or the results of its operations.

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 28, 2015
Segment Reporting [Abstract]
Segment Reporting	13. Segment Reporting The Company owns and operates full-service, Brazilian steakhouses in the United States and Brazil under the brand name Fogo de Chão. Each restaurant operates with similar types of products and menus, providing a continuous service style, irrespective of location. Sales from external customers are derived principally from food and beverage sales, and the Company does not rely on any major customers as a source of sales. The Company’s joint venture in Mexico is included in the United States for segment reporting purposes as the operations of the joint venture are monitored by the United States segment management. The following table presents the financial information of the Company’s operating segments for the thirteen and twenty-six week periods ended June 28, 2015 and June 29, 2014. Thirteen Week Periods Ended Twenty-Six Week Periods Ended June 28, June 29, June 28, June 29, 2015 2014 2015 2014 Revenue United States (a) $ 56,107 $ 50,257 $ 110,823 $ 99,581 Brazil 12,103 18,285 22,346 30,278 Total revenue $ 68,210 $ 68,542 $ 133,169 $ 129,859 Restaurant contribution United States $ 16,548 $ 15,679 $ 34,181 $ 30,700 Brazil 3,602 7,138 6,490 10,176 Total segment restaurant contribution $ 20,150 $ 22,817 $ 40,671 $ 40,876 (a) For the thirteen and twenty-six week periods ended June 28, 2015, amount includes $1,131 attributable to the joint venture in Mexico. The Company’s chief operating decision maker evaluates segment performance using restaurant contribution, which is not a measure defined by GAAP. Restaurant contribution is a key metric used to evaluate the profitability of incremental sales at the restaurants, to evaluate restaurant performance across periods and to evaluate restaurant financial performance compared with competitors. Restaurant contribution is defined as revenue less restaurant operating costs (which includes food and beverage costs, compensation and benefits costs and occupancy and certain other operating costs but excludes depreciation and amortization expense). Depreciation and amortization expense is excluded because it is not an ongoing controllable cash expense. The following table sets forth the reconciliation of total segment restaurant contribution to income (loss) from operations for the thirteen and twenty-six week periods ended June 28, 2015 and June 29, 2014. Thirteen Week Periods Ended Twenty-Six Week Periods Ended June 28, June 29, June 28, June 29, 2015 2014 2015 2014 Total segment restaurant contribution $ 20,150 $ 22,817 $ 40,671 $ 40,876 Marketing and advertising costs 1,869 1,407 3,271 2,849 General and administrative costs 17,178 5,136 22,886 9,804 Pre-opening costs 478 450 1,481 1,238 Loss on extinguishment/modification of debt 5,991 3,090 5,991 3,090 Depreciation and amortization 3,133 2,988 6,137 5,725 Other operating (income) expense, net (55 ) (44 ) (168 ) (113 ) Total other operating costs and expenses 28,594 13,027 39,598 22,593 Income (loss) from operations $ (8,444 ) $ 9,790 $ 1,073 $ 18,283 The table below sets forth the property and equipment attributable to each segment as of June 28, 2015 and December 28, 2014. June 28, December 28, 2015 2014 Property and equipment, net United States (a) $ 100,508 $ 101,626 Brazil 11,224 10,832 Total segment property and equipment, net 111,732 112,458 Corporate office (b) 897 748 Total property and equipment, net $ 112,629 $ 113,206 (a) Property and equipment, net as of June 28, 2015 and December 28, 2014, includes $1,623 and $986, respectively, attributable to the joint venture in Mexico. (b) Property and equipment, net attributable to the Company’s corporate office in the United States. The table below sets forth the capital expenditures attributable to each segment during the twenty-six week periods ended June 28, 2015 and June 29, 2014. Twenty-Six Week Periods Ended June 28, June 29, 2015 2014 Capital expenditures United States (a) $ 3,938 $ 9,484 Brazil 3,201 825 Total capital expenditures (b) $ 7,139 $ 10,309 (a) For the twenty-six week period ended June 28, 2015, amount includes $773 attributable to the joint venture in Mexico. For all periods presented, amount excludes capital expenditures attributable to the Company's corporate office in the United States. (b) Total capital expenditures include non-cash capital expenditures included within accounts payable and accrued expenses as of the end of the period. The table below sets forth total assets as of June 28, 2015 and December 28, 2014. June 28, December 28, 2015 2014 Total assets United States (a) $ 385,325 $ 380,566 Brazil 85,316 96,603 Total assets $ 470,641 $ 477,169 (a) Total assets as of June 28, 2015 and December 28, 2014, include total assets of $2,895 and $1,455, respectively, attributable to the joint venture in Mexico that may only be used to settle the obligations of the joint venture. For all periods presented, total assets include assets attributable to the Company’s corporate office in the United States and assets that are not directly attributable to restaurant operations.

Condensed Financial Information

Condensed Financial Information for Parent Company	6 Months Ended
	Jun. 28, 2015
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Condensed Financial Information for Parent Company	14. Condensed Financial Information for Parent Company Fogo de Chão, Inc. has no material assets or standalone operations other than its ownership in Brasa Holdings and its subsidiaries. The 2015 Credit Facility agreement includes, and the Senior Credit Facility agreement included, restrictions on Fogo de Chão, Inc.’s ability to obtain funds from any of its subsidiaries through dividends, loans or advances. Accordingly, this condensed financial information has been presented on a “Parent-only” basis. Under a Parent-only presentation, the Fogo de Chão, Inc.’s investments in its consolidated subsidiaries are presented under the equity method of accounting. The following tables present the financial position of Fogo de Chão, Inc. as of June 28, 2015 and December 28, 2014, and the results of its operations for the thirteen and twenty-six week periods ended June 28, 2015 and June 29, 2014. June 28, December 28, 2015 2014 Assets: Investments in Brasa (Holdings) Inc. and its subsidiaries $ 246,228 $ 154,081 Total assets $ 246,228 $ 154,081 Shareholders' Equity: Preferred stock, $0.01 par value, 15,000,000 shares June 28, 2015; no shares authorized as of December 28, 2014 $ — $ — Common stock, $0.01 par value, 200,000,000 shares authorized and 27,914,782 shares issued and outstanding as of June 28, 2015; 30,550,560 shares authorized and 22,813,378 shares issued and outstanding as of December 28, 2014 279 228 Additional paid-in capital 273,614 175,987 Accumulated earnings 14,712 7,586 Accumulated other comprehensive loss (42,377 ) (29,720 ) Total shareholders' equity $ 246,228 $ 154,081 Thirteen Week Periods Ended Twenty-Six Week Periods Ended June 28, June 29, June 28, June 29, 2015 2014 2015 2014 Equity in net income of Brasa (Holdings) Inc. and its subsidiaries $ 2,461 $ 3,685 $ 7,126 $ 6,447 Net income attributable to Fogo de Chão, Inc. 2,461 3,685 7,126 6,447 Other comprehensive income (loss) 2,798 3,417 (12,657 ) 6,512 Comprehensive income (loss) $ 5,259 $ 7,102 $ (5,531 ) $ 12,959 Basic earnings per share $ 0.11 $ 0.16 $ 0.31 $ 0.28 Diluted earnings per share $ 0.10 $ 0.16 $ 0.30 $ 0.28 Basic weighted average shares outstanding 23,120,019 22,669,508 22,974,204 22,669,508 Diluted weighted average shares outstanding 23,852,895 22,999,454 23,472,964 22,988,074

Related-Party Transactions

Related-Party Transactions	6 Months Ended
	Jun. 28, 2015
Related Party Transactions [Abstract]
Related-Party Transactions	15. Related-Party Transactions The Company and its wholly-owned subsidiaries entered into an agreement with an affiliated entity of its private equity fund owners (“Sponsor”) to provide management, consulting and financial and other advisory services to the Company (the “Advisory Services Agreement”). The Advisory Services Agreement required the Company to pay Sponsor a non-refundable periodic retainer fee in an amount per year of the greater of $750 or 1.50% of Consolidated EBITDA, as defined in the Advisory Services Agreement, for the immediately preceding fiscal year. The Advisory Services Agreement was terminated upon the consummation of the IPO and the Company paid a one-time fee of $7,544 to terminate the Advisory Services Agreement. Prior to the termination of the Advisory Services Agreement, the Company recorded $252 and $593 of expense attributable to periodic retainer fees during the thirteen and twenty-six week periods ended June 28, 2015, and $211 and $399 during the thirteen and twenty-six week periods ended June 29, 2014, respectively. These amounts, including the one-time termination fee, are included in general and administrative costs in the consolidated statements of operations and comprehensive income (loss). The Company had no outstanding payable due Sponsor at June 28, 2015. The Company had an outstanding payable due Sponsor of $8 for reimbursement of expenses at December 28, 2014. In February 2015, the Company entered into three Director Securities Purchase Agreements pursuant to which the Company issued and sold to three independent directors 9,292 shares of common stock each, at a purchase price of $10.78 per share.

Summary of Significant Accoun23

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 28, 2015
Accounting Policies [Abstract]
Interim Financial Statements	Interim Financial Statements Certain information and footnote disclosures normally included in audited consolidated financial statements presented in accordance with generally accepted accounting principles in the United States of America (“GAAP”) have been condensed or omitted pursuant to rules and regulations of the Securities and Exchange Commission (the “SEC”). Due to the seasonality of the Company’s business, results for any interim financial period are not necessarily indicative of the results that may be achieved for a full fiscal year. In addition, quarterly results of operations may be impacted by the timing and amount of sales and costs associated with the opening of new restaurants. These interim unaudited consolidated financial statements should be read in conjunction with the Company’s annual financial statements for the fiscal year ended December 28, 2014, included in the Company’s final prospectus filed on June 19, 2015. The unaudited interim financial statements have been prepared on the same basis as the audited annual financial statements, and, in the opinion of management, reflect all adjustments, consisting only of normal recurring adjustments, considered necessary for a fair statement of the results for the interim periods presented.
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements include the assets, liabilities and results of operations of the Company, as well as consolidated joint ventures for which the Company has determined that it is the primary beneficiary. All intercompany balances and transactions have been eliminated in the consolidated financial statements.
Accounting Year	Accounting Year The Company uses a 52/53 week fiscal year convention whereby its fiscal year ends each year on the Sunday that is closest to December 31 of that year. Each fiscal year generally is comprised of four 13-week fiscal quarters, although in the years with 53 weeks the fourth quarter represents a 14-week period. Fiscal year 2015 will include 53 weeks of operations. Fiscal year 2014 included 52 weeks of operations.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions, such as the valuation of long-lived, definite and indefinite-lived assets, estimated useful lives of assets, the reasonably assured lease terms of operating leases, valuation of the workers’ compensation and Company-sponsored employee health insurance program liabilities, the fair value of share-based compensation, and deferred tax valuation allowances, that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Capitalized Interest	Capitalized Interest Direct and certain related indirect costs of construction, including interest, are capitalized in conjunction with construction and development projects. These costs are included in property and equipment and are amortized over the life of the related building and leasehold interest. The Company capitalized no interest during the thirteen week period ended June 28, 2015, capitalized interest of $31 during the twenty-six week period ended June 28, 2015, and capitalized $27 and $109 during the thirteen and twenty-six week periods ended June 29, 2014, respectively.
Deferred Initial Public Offering Costs	Deferred Initial Public Offering Costs As of December 28, 2014, the Company had deferred $1,041 of IPO related costs. Deferred IPO costs, which primarily consisted of direct, incremental legal, accounting and other professional fees relating to the IPO, are included in other assets (noncurrent) in the consolidated balance sheet. These deferred costs were offset against the IPO proceeds upon the consummation of the offering during the second quarter of Fiscal 2015.
Fair Value	Fair Value As of June 28, 2015 and December 28, 2014, the fair value of cash and cash equivalents, accounts receivable, accounts payable, accrued expenses, and other current liabilities approximated their carrying value due to their short-term nature. The carrying amounts of the long-term debt approximate fair value as interest rates vary with the market interest rates and negotiated terms and conditions are consistent with current market rates.
Revenue	Revenue Revenue from restaurant sales is recognized when food and beverage products are sold and is presented net of employee meals and complimentary meals. Proceeds from the sale of gift cards that do not have expiration dates are recorded as deferred revenue at the time of the sale and recognized as revenue when the gift card is redeemed by the holder. The portion of gift cards sold which are never redeemed is commonly referred to as gift card breakage. The Company recognizes gift card “breakage” revenue for gift cards when the likelihood of redemption becomes remote and the Company determines there is no legal obligation to remit the value of the unredeemed gift cards to governmental agencies. The Company estimates the gift card breakage rate based upon the pattern of historical redemptions. Prior to the third quarter of Fiscal 2014, the Company did not recognize any breakage revenue because it did not have sufficient historical data to allow management to reasonably estimate a pattern of historical redemptions. During the third quarter of Fiscal 2014, the Company concluded it had accumulated sufficient historical data from a large pool of homogeneous transactions to allow management to reasonably and objectively determine an estimated pattern of historical gift card redemptions. Accordingly, the Company accounted for this change prospectively as a change in estimate and recorded an adjustment during the third quarter of Fiscal 2014 to recognize previously unrecognized breakage revenue in the amount of $684 on gift cards whose likelihood of redemption was determined to be remote. During the fourth quarter of Fiscal 2014 the Company recognized an additional $195 in gift card breakage revenue. The Company recognized $17 and $31 in gift card breakage revenue during the thirteen and twenty-six week periods ended June 28, 2015, respectively.
Insurance Reserves	Insurance Reserves Beginning in Fiscal 2013, the Company is self-insured for certain losses related to workers’ compensation claims and Company-sponsored employee health insurance programs. The Company estimates the accrued liabilities for all self-insurance programs at the end of each reporting period. Accrued liabilities include the estimated incurred but unreported costs to settle unpaid claims. To limit exposure to losses, the Company maintains stop-loss coverage through third-party insurers. The deductibles range from approximately $200 to $250 per claim. The accrued liability attributable to all self-insurance programs was $1,447 and $1,230 as of June 28, 2015 and December 28, 2014, respectively, and is included in accounts payable and accrued expenses in the consolidated balance sheets. The estimated liability is not discounted and is based on a number of assumptions and factors, including historical trends and actuarial assumptions.
Variable Interest Entities ("VIEs")	Variable Interest Entities (“VIEs”) The Company consolidates VIEs in which the Company is deemed to have a controlling interest as a result of the Company having both the power to direct the activities that significantly impact the entity’s economic performance and the right to receive the benefits that could potentially be significant to the VIE. If the Company has a controlling interest in a VIE, the assets, liabilities, and results of the operations of the variable interest entity are included in the consolidated financial statements.
Segment Reporting	Segment Reporting Fogo de Chão, Inc. owns and operates full-service, Brazilian steakhouses in the United States and Brazil using a single restaurant concept and brand. Each restaurant under the Company’s single global brand operates with similar types of products and menu, providing a continuous service style, similar contracts, customers and employees, irrespective of location. ASC 280, “Segment Reporting” “management approach”
Concentration Risk	Concentration Risk The Company previously relied on three food distributors for the majority of its beef and grocery purchases for its operations in the United States and Brazil and, effective Fiscal 2015, now relies on one distributor for substantially all of its beef purchases for its operations in the United States. However, the products purchased through this distributor are widely available at similar prices from multiple distributors. The Company does not anticipate any risk to the business in the event that one or all of these distributors is no longer available to provide their goods or services. However, a change in suppliers could potentially result in different costs.
Recently Adopted and Issued Accounting Standards	Recently Adopted Accounting Standards In April 2014, the FASB issued ASU No. 2014-08, “ Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. Recently Issued Accounting Standards Recent accounting pronouncements not included below are not expected to have a material impact on the Company’s consolidated financial position or results of operations. In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers.” In August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern.” In February 2015, the FASB issued ASU No. 2015-2, “Consolidation (Topic 820): Amendments to the Consolidation Analysis.” In April 2015, the FASB issued ASU 2015-03, “Simplifying the Presentation of Debt Issuance Costs,”

Accounts Payable and Accrued 24

Accounts Payable and Accrued Expenses (Tables)	6 Months Ended
	Jun. 28, 2015
Payables And Accruals [Abstract]
Summary of Accounts Payable and Accrued Expenses	Accounts payable and accrued expenses consist of the following: June 28, December 28, 2015 2014 Accounts payable $ 8,745 $ 10,590 Deferred rent (current) 683 309 Payroll and payroll related 8,438 9,975 Interest payable 56 3,587 Sales and beverage taxes payable 1,327 1,971 Self-insurance reserves 1,447 1,230 Income and other taxes payable 894 1,018 Other accrued expenses 2,716 3,108 Total $ 24,306 $ 31,788

Joint Ventures (Tables)

Joint Ventures (Tables)	6 Months Ended
	Jun. 28, 2015
Equity Method Investments And Joint Ventures [Abstract]
Summary of Consolidated Assets and Liabilities of Minajaro Joint Venture	The following table presents the consolidated assets and liabilities of the Minajaro JV included within the Company’s consolidated balance sheets as of June 28, 2015 and December 28, 2014, respectively: June 28, 2015 December 28, 2014 Cash and cash equivalents $ 313 $ — Accounts receivable 73 — Inventories 112 — Prepaid expenses and other assets 774 469 Property and equipment, net 1,623 986 Total assets $ 2,895 $ 1,455 Accounts payable and accrued expenses $ 888 $ 77 Total liabilities 888 77 Noncontrolling interest 2,007 1,378 Total owners' equity 2,007 1,378 Total liabilities and owners' equity $ 2,895 $ 1,455 Accounts payable include $356 and $77 due to the Company as of June 28, 2015 and December 28, 2014, respectively, and are eliminated in consolidation.

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Jun. 28, 2015
Debt Disclosure [Abstract]
Summary of Long-Term Debt	Long-term debt consists of the following: June 28, December 28, 2015 2014 Senior Credit Facility: Term Loan A $ — $ 223,434 Term Loan B — 25,000 2015 Credit Facility: Revolving Credit Facility 165,000 — 165,000 248,434 Debt discount — (5,389 ) Line of credit (Senior Credit Facility) — — 165,000 243,045 Less: Current portion of long-term debt — (4,788 ) Long-term debt, less current portion $ 165,000 $ 238,257

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jun. 28, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Assumptions Used to Determine the Fair Value of Stock Options Granted	The following table sets forth the assumptions that the Company used to determine the fair value of the stock options granted, presented on a weighted-average basis: Assumptions: Expected term (in years) 6.0 Risk-free interest rate 1.86 % Volatility 30 % Dividend yield 0 %
Summary of Stock Option Activity	The following table summarizes the Company’s stock option activity from December 28, 2014 through June 28, 2015: Shares Weighted Average Exercise Price Outstanding at December 28, 2014 2,245,474 $ 10.21 Granted 140,516 $ 19.85 Exercised — — Forfeited (50,408 ) $ 13.04 Outstanding at June 28, 2015 2,335,582 $ 10.73 Vested (and exercisable) at June 28, 2015 831,406 $ 10.31 Unvested at June 28, 2015 1,504,176 $ 10.97
Summary of Restricted Stock Activity	The following table summarizes the Company’s restricted stock activity from December 28, 2014 through June 28, 2015: Weighted Average Grant Date Shares Fair Value Outstanding at December 28, 2014 315,451 $ 7.69 Issued 2,316 $ 10.78 Vested — — Forfeited — — Outstanding at June 28, 2015 317,767 $ 7.71
Summary of Share-Based Compensation Expense Related to Stock Options and Restricted Stock	The Company recorded share-based compensation expense related to stock options and restricted stock in the following expense categories in its statements of operations and comprehensive income (loss): Thirteen Week Periods Ended Twenty-Six Week Periods Ended June 28, June 29, June 28, June 29, 2015 2014 2015 2014 Restaurant operating expenses $ 1,520 $ 94 $ 1,576 $ 188 General and administrative 4,444 95 4,518 190 Total $ 5,964 $ 189 $ 6,094 $ 378

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 28, 2015
Earnings Per Share [Abstract]
Computations of Basic and Dilutive Earnings Per Share	The following table sets forth the computations of basic and dilutive earnings per share: Thirteen Week Periods Ended Twenty-Six Week Periods Ended June 28, June 29, June 28, June 29, 2015 2014 2015 2014 Net income attributable to Fogo de Chão, Inc. $ 2,461 $ 3,685 $ 7,126 $ 6,447 Basic weighted average shares outstanding 23,120,019 22,669,508 22,974,204 22,669,508 Effect of dilutive securities: Unvested restricted stock 276,399 327,375 268,205 315,995 Stock options 456,477 2,571 230,555 2,571 Diluted weighted average number of shares outstanding 23,852,895 22,999,454 23,472,964 22,988,074 Basic earnings per share $ 0.11 $ 0.16 $ 0.31 $ 0.28 Diluted earnings per share $ 0.10 $ 0.16 $ 0.30 $ 0.28

Interest Expense, Net (Tables)

Interest Expense, Net (Tables)	6 Months Ended
	Jun. 28, 2015
Other Income And Expenses [Abstract]
Components of Interest Expense, Net	The components of interest expense, net are as follows: Thirteen Week Periods Ended Twenty-Six Week Periods Ended June 28, June 29, June 28, June 29, 2015 2014 2015 2014 Interest expense $ 3,813 $ 4,826 $ 7,772 $ 9,830 Capitalized interest — (27 ) (31 ) (109 ) Interest income (150 ) (180 ) (321 ) (340 ) Interest expense, net $ 3,663 $ 4,619 $ 7,420 $ 9,381

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 28, 2015
Commitments And Contingencies Disclosure [Abstract]
Future Minimum Lease Payments for Non-cancelable Leases	Future minimum lease payments for non-cancelable leases (excluding contingent rental payments) are as follows: 2015 (remaining) $ 8,239 2016 18,750 2017 18,859 2018 16,652 2019 15,372 2020 15,052 Thereafter 91,857 Total $ 184,781

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 28, 2015
Segment Reporting [Abstract]
Schedule of Financial Information of the Company's Operation Segments	The following table presents the financial information of the Company’s operating segments for the thirteen and twenty-six week periods ended June 28, 2015 and June 29, 2014. Thirteen Week Periods Ended Twenty-Six Week Periods Ended June 28, June 29, June 28, June 29, 2015 2014 2015 2014 Revenue United States (a) $ 56,107 $ 50,257 $ 110,823 $ 99,581 Brazil 12,103 18,285 22,346 30,278 Total revenue $ 68,210 $ 68,542 $ 133,169 $ 129,859 Restaurant contribution United States $ 16,548 $ 15,679 $ 34,181 $ 30,700 Brazil 3,602 7,138 6,490 10,176 Total segment restaurant contribution $ 20,150 $ 22,817 $ 40,671 $ 40,876 (a) For the thirteen and twenty-six week periods ended June 28, 2015, amount includes $1,131 attributable to the joint venture in Mexico. The table below sets forth the capital expenditures attributable to each segment during the twenty-six week periods ended June 28, 2015 and June 29, 2014. Twenty-Six Week Periods Ended June 28, June 29, 2015 2014 Capital expenditures United States (a) $ 3,938 $ 9,484 Brazil 3,201 825 Total capital expenditures (b) $ 7,139 $ 10,309 (a) For the twenty-six week period ended June 28, 2015, amount includes $773 attributable to the joint venture in Mexico. For all periods presented, amount excludes capital expenditures attributable to the Company's corporate office in the United States. (b) Total capital expenditures include non-cash capital expenditures included within accounts payable and accrued expenses as of the end of the period.
Reconciliation of Total Segment Restaurant Contribution to Income from Operation	The following table sets forth the reconciliation of total segment restaurant contribution to income (loss) from operations for the thirteen and twenty-six week periods ended June 28, 2015 and June 29, 2014. Thirteen Week Periods Ended Twenty-Six Week Periods Ended June 28, June 29, June 28, June 29, 2015 2014 2015 2014 Total segment restaurant contribution $ 20,150 $ 22,817 $ 40,671 $ 40,876 Marketing and advertising costs 1,869 1,407 3,271 2,849 General and administrative costs 17,178 5,136 22,886 9,804 Pre-opening costs 478 450 1,481 1,238 Loss on extinguishment/modification of debt 5,991 3,090 5,991 3,090 Depreciation and amortization 3,133 2,988 6,137 5,725 Other operating (income) expense, net (55 ) (44 ) (168 ) (113 ) Total other operating costs and expenses 28,594 13,027 39,598 22,593 Income (loss) from operations $ (8,444 ) $ 9,790 $ 1,073 $ 18,283
Schedule of Property and Equipment Attributable to Each Segment	The table below sets forth the property and equipment attributable to each segment as of June 28, 2015 and December 28, 2014. June 28, December 28, 2015 2014 Property and equipment, net United States (a) $ 100,508 $ 101,626 Brazil 11,224 10,832 Total segment property and equipment, net 111,732 112,458 Corporate office (b) 897 748 Total property and equipment, net $ 112,629 $ 113,206 (a) Property and equipment, net as of June 28, 2015 and December 28, 2014, includes $1,623 and $986, respectively, attributable to the joint venture in Mexico. (b) Property and equipment, net attributable to the Company’s corporate office in the United States.
Schedule of Total Assets	The table below sets forth total assets as of June 28, 2015 and December 28, 2014. June 28, December 28, 2015 2014 Total assets United States (a) $ 385,325 $ 380,566 Brazil 85,316 96,603 Total assets $ 470,641 $ 477,169 (a) Total assets as of June 28, 2015 and December 28, 2014, include total assets of $2,895 and $1,455, respectively, attributable to the joint venture in Mexico that may only be used to settle the obligations of the joint venture. For all periods presented, total assets include assets attributable to the Company’s corporate office in the United States and assets that are not directly attributable to restaurant operations.

Condensed Financial Informati32

Condensed Financial Information for Parent Company (Tables)	6 Months Ended
	Jun. 28, 2015
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Schedule of Financial Position and Operational Results of Parent Company	The following tables present the financial position of Fogo de Chão, Inc. as of June 28, 2015 and December 28, 2014, and the results of its operations for the thirteen and twenty-six week periods ended June 28, 2015 and June 29, 2014. June 28, December 28, 2015 2014 Assets: Investments in Brasa (Holdings) Inc. and its subsidiaries $ 246,228 $ 154,081 Total assets $ 246,228 $ 154,081 Shareholders' Equity: Preferred stock, $0.01 par value, 15,000,000 shares June 28, 2015; no shares authorized as of December 28, 2014 $ — $ — Common stock, $0.01 par value, 200,000,000 shares authorized and 27,914,782 shares issued and outstanding as of June 28, 2015; 30,550,560 shares authorized and 22,813,378 shares issued and outstanding as of December 28, 2014 279 228 Additional paid-in capital 273,614 175,987 Accumulated earnings 14,712 7,586 Accumulated other comprehensive loss (42,377 ) (29,720 ) Total shareholders' equity $ 246,228 $ 154,081 Thirteen Week Periods Ended Twenty-Six Week Periods Ended June 28, June 29, June 28, June 29, 2015 2014 2015 2014 Equity in net income of Brasa (Holdings) Inc. and its subsidiaries $ 2,461 $ 3,685 $ 7,126 $ 6,447 Net income attributable to Fogo de Chão, Inc. 2,461 3,685 7,126 6,447 Other comprehensive income (loss) 2,798 3,417 (12,657 ) 6,512 Comprehensive income (loss) $ 5,259 $ 7,102 $ (5,531 ) $ 12,959 Basic earnings per share $ 0.11 $ 0.16 $ 0.31 $ 0.28 Diluted earnings per share $ 0.10 $ 0.16 $ 0.30 $ 0.28 Basic weighted average shares outstanding 23,120,019 22,669,508 22,974,204 22,669,508 Diluted weighted average shares outstanding 23,852,895 22,999,454 23,472,964 22,988,074

Description of Business - Addit

Description of Business - Additional Information (Details) - Jun. 28, 2015 $ / shares in Units, $ in Thousands	USD ($)Restaurant$ / sharesshares
Description of Business [Line Items]
Initial public offering completion date	June 24, 2015
Share price (IPO) | $ / shares	$ 20
Shares issued to underwriters (over-allotment option) | shares	661,764
Net proceeds from initial public offering | $	$ 91,283
Stock split conversion ratio	25.4588
Common Stock
Description of Business [Line Items]
Issuance of common stock, shares (IPO) | shares	5,073,528
Fogo de Chao, Inc. | Brasa (Purchaser) Inc.
Description of Business [Line Items]
Percentage of ownership	100.00%
Brasa (Purchaser) Inc. | Brasa (Holdings) Inc.
Description of Business [Line Items]
Percentage of ownership	100.00%
Brasa (Holdings) Inc. | Fogo de Chão (Holdings) Inc.
Description of Business [Line Items]
Percentage of ownership	100.00%
United States
Description of Business [Line Items]
Number of restaurants	26
Brazil
Description of Business [Line Items]
Number of restaurants	10
Mexico
Description of Business [Line Items]
Number of restaurants	1

Summary of Significant Accoun34

Summary of Significant Accounting Policies (Additional Information) (Details) $ in Thousands	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 28, 2015USD ($)	Dec. 28, 2014USD ($)	Sep. 28, 2014USD ($)	Jun. 29, 2014USD ($)	Jun. 28, 2015USD ($)Supplier	Jun. 29, 2014USD ($)	Dec. 28, 2014USD ($)Supplier
Summary Of Significant Accounting Policies [Line Items]
Capitalized interest	$ 0			$ 27	$ 31	$ 109
Deferred offering costs		$ 1,041					$ 1,041
Revenue recognition, gift cards, breakage	17	195	$ 684		31
Accrued self-insurance reserve	$ 1,447	$ 1,230			$ 1,447		$ 1,230
Supplier Concentration Risk | United States and Brazil | Beef and Grocery
Summary Of Significant Accounting Policies [Line Items]
Number of suppliers | Supplier							3
Supplier Concentration Risk | United States | Beef
Summary Of Significant Accounting Policies [Line Items]
Number of suppliers | Supplier					1
Minimum
Summary Of Significant Accounting Policies [Line Items]
Self-insurance per claim deductible					$ 200
Maximum
Summary Of Significant Accounting Policies [Line Items]
Self-insurance per claim deductible					$ 250

Accounts Payable and Accrued 35

Accounts Payable and Accrued Expenses - Summary of Accounts Payable and Accrued Expenses (Details) - USD ($) $ in Thousands	Jun. 28, 2015	Dec. 28, 2014
Payables And Accruals [Abstract]
Accounts payable	$ 8,745	$ 10,590
Deferred rent (current)	683	309
Payroll and payroll related	8,438	9,975
Interest payable	56	3,587
Sales and beverage taxes payable	1,327	1,971
Self-insurance reserves	1,447	1,230
Income and other taxes payable	894	1,018
Other accrued expenses	2,716	3,108
Total	$ 24,306	$ 31,788

Joint Ventures - Additional Inf

Joint Ventures - Additional Information (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 28, 2015	Jun. 28, 2015	Dec. 28, 2014
Schedule Of Equity Method Investments [Line Items]
Accounts payable	$ 24,306,000	$ 24,306,000	$ 31,788,000
Mexico | Variable Interest Entity Minajaro Joint Venture
Schedule Of Equity Method Investments [Line Items]
Ownership interests	51.00%	51.00%
Percentage of profit from joint venture pursuant to agreement	50.00%	50.00%
License fee income	$ 37,000	$ 37,000
Mexico | Variable Interest Entity Minajaro Joint Venture | Minajaro JV | Consolidation Eliminations
Schedule Of Equity Method Investments [Line Items]
Accounts payable	$ (356,000)	$ (356,000)	$ (77,000)
Middle East | Variable Interest Entity Middle East Joint Venture
Schedule Of Equity Method Investments [Line Items]
Percentage of profit from joint venture pursuant to agreement	50.00%	50.00%
Equity method ownership interests	51.00%	51.00%
Amount contributed to capital	$ 0	$ 0

Joint Ventures - Summary of Con

Joint Ventures - Summary of Consolidated Assets and Liabilities of Minajaro Joint Venture (Details) - USD ($) $ in Thousands		Jun. 28, 2015	Dec. 28, 2014	Jun. 29, 2014	Dec. 29, 2013
Variable Interest Entity [Line Items]
Cash and cash equivalents		$ 24,980	$ 19,387	$ 19,759	$ 16,010
Accounts receivable		7,409	10,096
Inventories		5,015	5,456
Property and equipment, net		112,629	113,206
Total assets	[1]	470,641	477,169
Accounts payable and accrued expenses		24,306	31,788
Total liabilities	[1]	222,406	321,710
Noncontrolling interests		2,007	1,378
Total owners' equity		248,235	155,459	$ 163,659	$ 150,322
Total liabilities and equity		470,641	477,169
Mexico | Variable Interest Entity Minajaro Joint Venture | Minajaro JV | Reportable Legal Entities
Variable Interest Entity [Line Items]
Cash and cash equivalents		313
Accounts receivable		73
Inventories		112
Prepaid expenses and other assets		774	469
Property and equipment, net		1,623	986
Total assets		2,895	1,455
Accounts payable and accrued expenses		888	77
Total liabilities		888	77
Noncontrolling interests		2,007	1,378
Total owners' equity		2,007	1,378
Total liabilities and equity		$ 2,895	$ 1,455
[1]	Consolidated assets as of June 28, 2015 and December 28, 2014 include total assets of $2,895 and $1,455, respectively, attributable to joint venture that can only be used to settle the obligations of the joint venture. Consolidated liabilities as of June 28, 2015 included total liabilities of $532 attributable to the consolidated joint venture. There were no liabilities of the joint venture as of December 28, 2014. See Note 6.

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Details) - USD ($) $ in Thousands	Jun. 28, 2015	Dec. 28, 2014
Debt Instrument [Line Items]
Long-term debt	$ 165,000	$ 248,434
Long-term debt, Including current portion	165,000	243,045
Less: Current portion of long-term debt	0	(4,788)
Long-term debt, less current portion	165,000	238,257
Senior Subordinated Notes
Debt Instrument [Line Items]
Debt discount		(5,389)
Term Loan A | Senior Subordinated Notes
Debt Instrument [Line Items]
Long-term debt		223,434
Term Loan B | Senior Subordinated Notes
Debt Instrument [Line Items]
Long-term debt		$ 25,000
2015 Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Long-term debt	$ 165,000

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Details)	3 Months Ended		6 Months Ended
	Jun. 28, 2015USD ($)Convenant	Jun. 29, 2014USD ($)	Jun. 28, 2015USD ($)TermLoanConvenant	Jun. 29, 2014USD ($)	Sep. 27, 2015	Dec. 28, 2014USD ($)
Debt Instrument [Line Items]
Proceeds, long-term debt			$ 165,000,000
Loss on extinguishment/modification of debt	$ 5,991,000	$ 3,090,000	5,991,000	$ 3,090,000
Amortization original issue discount			549,000	$ 666,000
Line of Credit
Debt Instrument [Line Items]
Unamortized debt issuance cost	2,860,000		2,860,000
Senior Subordinated Notes
Debt Instrument [Line Items]
Loss on extinguishment/modification of debt			5,991,000
Write-off of unamortized debt issuance costs			825,000
Amortization original issue discount			4,840,000
Legal and other expenses, debt extinguishment			$ 76,000
Number of term loans | TermLoan			2
Reclassification of long-term debt to current						$ 1,938,000
Unamortized debt issuance cost						$ 989,000
2015 Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Proceeds, long-term debt			$ 165,000,000
Term Loan B | Senior Subordinated Notes
Debt Instrument [Line Items]
Pre-payment premium penalty			$ 250,000
Debt instrument maturity date			Jan. 20, 2020
Term Loan B | Senior Subordinated Notes | London Interbank Offered Rate LIBOR
Debt Instrument [Line Items]
Debt instrument basis spread rate			9.50%
Interest rate floor			1.50%
Term Loan A | Senior Subordinated Notes
Debt Instrument [Line Items]
Loss on extinguishment/modification of debt		$ 3,090,000
Debt instrument description of variable rate basis			3-month LIBOR
Debt instrument basis spread rate			4.00%
Debt instrument maturity date			Jul. 20, 2019
Line of credit maturity date			Jul. 20, 2017
Commitment fee percentage			0.50%
Term Loan A | Senior Subordinated Notes | London Interbank Offered Rate LIBOR
Debt Instrument [Line Items]
Debt instrument basis spread rate			4.00%
Interest rate floor			1.00%
2015 Credit Facility | Line of Credit
Debt Instrument [Line Items]
Line of credit maturity date			Jun. 24, 2020
Line of credit maximum borrowing capacity	$ 250,000,000		$ 250,000,000
Line of credit facility agreement, description			The Base Rate is a fluctuating rate per annum equal to the highest of (i) the Federal Funds Rate in effect on such day plus 0.5%, (ii) the Prime Rate and (iii) the Eurodollar Rate applicable for an Interest Period of one (1) month plus 1.00%.
Number of financial covenants | Convenant	2		2
Covenants compliance date			Jun. 28, 2015
Letters of credit outstanding	$ 2,373,000		$ 2,373,000
Available borrowing capacity	$ 82,627,000		$ 82,627,000
2015 Credit Facility | Line of Credit | Scenario Forecast
Debt Instrument [Line Items]
Maximum rent adjusted leverage ratio (five point five to one point zero)					5.50%
Minimum consolidated interest coverage ratio (two point zero to one point zero)					2.00%
2015 Credit Facility | Line of Credit | Base Rate Loans
Debt Instrument [Line Items]
Applicable interest rate			1.00%
2015 Credit Facility | Line of Credit | Base Rate Loans | Minimum
Debt Instrument [Line Items]
Debt instrument basis spread rate			0.50%
2015 Credit Facility | Line of Credit | Base Rate Loans | Maximum
Debt Instrument [Line Items]
Debt instrument basis spread rate			1.50%
2015 Credit Facility | Line of Credit | Eurodollar Rate Loans
Debt Instrument [Line Items]
Applicable interest rate			2.00%
2015 Credit Facility | Line of Credit | Eurodollar Rate Loans | Minimum
Debt Instrument [Line Items]
Debt instrument basis spread rate			1.50%
2015 Credit Facility | Line of Credit | Eurodollar Rate Loans | Maximum
Debt Instrument [Line Items]
Debt instrument basis spread rate			2.50%

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Details) $ / shares in Units, $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 28, 2015USD ($)$ / sharesshares	Mar. 29, 2015USD ($)$ / sharesshares	Jun. 29, 2014USD ($)	Jun. 28, 2015USD ($)Tranchesshares	Jun. 29, 2014USD ($)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expense | $	$ 5,964		$ 189	$ 6,094	$ 378
Restricted Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted average period				1 year 8 months 12 days
Unrecognized share-based compensation cost | $	444			$ 444
Stock Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expense | $	$ 181	$ 8
Stock options, granted	138,200	2,316
Stock options, exercise price | $ / shares	$ 20	$ 10.78
Stock options grant date fair value | $ / shares	$ 6.55	$ 3.29
Unrecognized share-based compensation cost | $	$ 2,167			$ 2,167
Weighted average period				3 years 3 months 18 days
Stock Options | Vested On Grant Date
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting percentage on stock options granted	20.00%
Stock Options | Vested On First Four Anniversaries
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting percentage on stock options granted	20.00%
Maximum | Restricted Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period				4 years
Minimum | Restricted Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period				2 years
2012 Omnibus Equity Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Maximum shares reserved for issuance of stock-based award	2,291,296			2,291,296
Remaining shares available for future issuance	83,835			83,835
2012 Omnibus Equity Incentive Plan | Stock Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based payment employees terms				Stock options granted under the 2012 Plan were typically granted to employees in two tranches, each with separate exercise prices. The exercise price for the first tranche was based on the fair value of common stock on the date of grant, and the exercise price of the second tranche was typically 200% of the fair value of common stock on the date of grant. These options typically vest upon both (i) the completion of a four or five year vesting period and (ii) the satisfaction of a Liquidity Event, as that term is defined in the stock option award agreement. Under the terms of the option award agreement, a Liquidity Event is defined as the earlier to occur of (i) a change in control transaction or (ii) an initial public offering.
Number of tranches | Tranches				2
Stock options purchase of common stock	783,606			783,606
Share-based compensation expense | $				$ 5,658
2012 Omnibus Equity Incentive Plan | Maximum | Stock Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period				5 years
2012 Omnibus Equity Incentive Plan | Minimum | Stock Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period				4 years
2015 Omnibus Equity Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Maximum shares reserved for issuance of stock-based award	1,200,000			1,200,000
Remaining shares available for future issuance	1,061,800			1,061,800
2012 Plan and 2015 Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Grant date fair value percentage				100.00%
2012 Plan and 2015 Plan | Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock option contractual life				10 years

Share-Based Compensation - Assu

Share-Based Compensation - Assumptions Used to Determine the Fair Value of Stock Options Granted (Details) - 6 months ended Jun. 28, 2015	Total
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Expected term (in years)	6 years
Risk-free interest rate	1.86%
Volatility	30.00%
Dividend yield	0.00%

Share-Based Compensation - Summ

Share-Based Compensation - Summary of Stock Option Activity (Details) - Stock Options - $ / shares	6 Months Ended
	Jun. 28, 2015
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Outstanding, Shares, beginning of period	2,245,474
Granted, Shares	140,516
Forfeited, Shares	(50,408)
Outstanding, Shares, end of period	2,335,582
Vested (and exercisable), Shares, end of period	831,406
Unvested, Shares, end of period	1,504,176
Outstanding, Weighted Average Exercise Price, beginning of period	$ 10.21
Granted, Weighted Average Exercise Price	19.85
Forfeited, Weighted Average Exercise Price	13.04
Outstanding, Weighted Average Exercise Price, end of period	10.73
Vested (and exercisable), Weighted Average Exercise Price, end of period	10.31
Unvested, Weighted Average Exercise Price, end of period	$ 10.97

Share-Based Compensation - Su43

Share-Based Compensation - Summary of Restricted Stock Activity (Details) - Restricted Stock - $ / shares	6 Months Ended
	Jun. 28, 2015
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Outstanding, Shares, beginning of period	315,451
Issued, Shares	2,316
Outstanding, Shares, end of period	317,767
Outstanding, Weighted Average Grant Date Fair Value, beginning of period	$ 7.69
Issued, Weighted Average Grant Date Fair Value	10.78
Outstanding, Weighted Average Grant Date Fair Value, end of period	$ 7.71

Share-Based Compensation - Su44

Share-Based Compensation - Summary of Share-Based Compensation Expense Related to Stock Options and Restricted Stock (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expense	$ 5,964	$ 189	$ 6,094	$ 378
Restaurant operating expenses
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expense	1,520	94	1,576	188
General and administrative
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expense	$ 4,444	$ 95	$ 4,518	$ 190

Earnings Per Share - Computatio

Earnings Per Share - Computations of Basic and Dilutive Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Computations Of Basic And Dilutive Earnings Per Share [Line Items]
Net income attributable to Fogo de Chão, Inc.	$ 2,461	$ 3,685	$ 7,126	$ 6,447
Basic weighted average shares outstanding	23,120,019	22,669,508	22,974,204	22,669,508
Effect of dilutive securities:
Diluted weighted average number of shares outstanding	23,852,895	22,999,454	23,472,964	22,988,074
Basic earnings per share	$ 0.11	$ 0.16	$ 0.31	$ 0.28
Diluted earnings per share	$ 0.10	$ 0.16	$ 0.30	$ 0.28
Unvested Restricted Stock
Effect of dilutive securities:
Incremental common shares attributable to dilutive effect of share-based payment arrangements	276,399	327,375	268,205	315,995
Stock Options
Effect of dilutive securities:
Incremental common shares attributable to dilutive effect of share-based payment arrangements	456,477	2,571	230,555	2,571

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Stock Options
Computations Of Basic And Dilutive Earnings Per Share [Line Items]
Excluded stock options from the computation of diluted earnings per share	0.9	2.1	0.9	2.1

Interest Expense, Net - Compone

Interest Expense, Net - Components of Interest Expense, Net (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Other Expense Disclosure Nonoperating [Abstract]
Interest expense	$ 3,813	$ 4,826	$ 7,772	$ 9,830
Capitalized interest	0	(27)	(31)	(109)
Interest income	(150)	(180)	(321)	(340)
Interest expense, net	$ 3,663	$ 4,619	$ 7,420	$ 9,381

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ (14,581)	$ 1,486	$ (13,329)	$ 2,451
Effective tax rate	120.50%	28.70%		27.50%
Reduction in deferred tax liability	$ 13,877
Effective tax rate, exclusive discrete benefit			(2.80%)
Release of valuation allowance			$ 2,837

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details)	6 Months Ended
	Jun. 28, 2015
Commitments And Contingencies Disclosure [Abstract]
Operating Lease Description	These leases have initial lease terms of between ten and twenty years and generally carry renewal options that can extend the term of the leases for an additional five to ten years.

Commitments and Contingencies50

Commitments and Contingencies - Future Minimum Lease Payments for Non-cancelable Leases (Details) $ in Thousands	Jun. 28, 2015USD ($)
Commitments And Contingencies Disclosure [Abstract]
2015 (remaining)	$ 8,239
2,016	18,750
2,017	18,859
2,018	16,652
2,019	15,372
2,020	15,052
Thereafter	91,857
Total	$ 184,781

Segment Reporting - Schedule of

Segment Reporting - Schedule of Financial Information of the Company's Operation Segments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Revenue
Revenue	$ 68,210	$ 68,542	$ 133,169	$ 129,859
Restaurant contribution
Total segment restaurant contribution	20,150	22,817	40,671	40,876
United States
Revenue
Revenue	56,107	50,257	110,823	99,581
Restaurant contribution
Total segment restaurant contribution	16,548	15,679	34,181	30,700
Brazil
Revenue
Revenue	12,103	18,285	22,346	30,278
Restaurant contribution
Total segment restaurant contribution	$ 3,602	$ 7,138	$ 6,490	$ 10,176

Segment Reporting - Schedule 52

Segment Reporting - Schedule of Financial Information of the Company's Operation Segments (Parenthetical) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Segment Reporting Information [Line Items]
Revenue	$ 68,210	$ 68,542	$ 133,169	$ 129,859
United States
Segment Reporting Information [Line Items]
Revenue	56,107	$ 50,257	110,823	$ 99,581
United States | Minajaro JV
Segment Reporting Information [Line Items]
Revenue	$ 1,131		$ 1,131

Segment Reporting - Reconciliat

Segment Reporting - Reconciliation of Total Segment Restaurant Contribution to Income from Operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Segment Reporting [Abstract]
Total segment restaurant contribution	$ 20,150	$ 22,817	$ 40,671	$ 40,876
Marketing and advertising costs	1,869	1,407	3,271	2,849
General and administrative costs	17,178	5,136	22,886	9,804
Pre-opening costs	478	450	1,481	1,238
Loss on extinguishment/modification of debt	5,991	3,090	5,991	3,090
Depreciation and amortization	3,133	2,988	6,137	5,725
Other operating (income) expense, net	(55)	(44)	(168)	(113)
Total other operating costs and expenses	28,594	13,027	39,598	22,593
Income (loss) from operations	$ (8,444)	$ 9,790	$ 1,073	$ 18,283

Segment Reporting - Schedule 54

Segment Reporting - Schedule of Property and Equipment Attributable to Each Segment (Details) - USD ($) $ in Thousands	Jun. 28, 2015	Dec. 28, 2014
Segment Reporting Information [Line Items]
Property and equipment, net	$ 112,629	$ 113,206
Operating Segments
Segment Reporting Information [Line Items]
Property and equipment, net	111,732	112,458
Operating Segments | United States
Segment Reporting Information [Line Items]
Property and equipment, net	100,508	101,626
Operating Segments | Brazil
Segment Reporting Information [Line Items]
Property and equipment, net	11,224	10,832
Corporate, Non-Segment
Segment Reporting Information [Line Items]
Property and equipment, net	$ 897	$ 748

Segment Reporting - Schedule 55

Segment Reporting - Schedule of Property and Equipment Attributable to Each Segment (Parenthetical) (Details) - USD ($) $ in Thousands	Jun. 28, 2015	Dec. 28, 2014
Segment Reporting Information [Line Items]
Property and equipment, net	$ 112,629	$ 113,206
United States | Minajaro JV
Segment Reporting Information [Line Items]
Property and equipment, net	$ 1,623	$ 986

Segment Reporting - Schedule 56

Segment Reporting - Schedule of Capital Expenditures Attributable to Each Segment (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014
Capital expenditures
Total capital expenditures	$ 7,139	$ 10,309
United States
Capital expenditures
Total capital expenditures	3,938	9,484
Brazil
Capital expenditures
Total capital expenditures	$ 3,201	$ 825

Segment Reporting - Schedule 57

Segment Reporting - Schedule of Capital Expenditures Attributable to Each Segment (Parenthetical) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014
Segment Reporting Information [Line Items]
Total capital expenditures	$ 7,139	$ 10,309
United States
Segment Reporting Information [Line Items]
Total capital expenditures	3,938	$ 9,484
United States | Minajaro JV
Segment Reporting Information [Line Items]
Total capital expenditures	$ 773

Segment Reporting - Schedule 58

Segment Reporting - Schedule of Total Assets (Details) - USD ($) $ in Thousands		Jun. 28, 2015	Dec. 28, 2014
Segment Reporting Information [Line Items]
Total assets	[1]	$ 470,641	$ 477,169
United States
Segment Reporting Information [Line Items]
Total assets		385,325	380,566
Brazil
Segment Reporting Information [Line Items]
Total assets		$ 85,316	$ 96,603
[1]	Consolidated assets as of June 28, 2015 and December 28, 2014 include total assets of $2,895 and $1,455, respectively, attributable to joint venture that can only be used to settle the obligations of the joint venture. Consolidated liabilities as of June 28, 2015 included total liabilities of $532 attributable to the consolidated joint venture. There were no liabilities of the joint venture as of December 28, 2014. See Note 6.

Segment Reporting - Schedule 59

Segment Reporting - Schedule of Total Assets (Parenthetical) (Details) - USD ($) $ in Thousands		Jun. 28, 2015	Dec. 28, 2014
Segment Reporting Information [Line Items]
Total assets	[1]	$ 470,641	$ 477,169
United States
Segment Reporting Information [Line Items]
Total assets		385,325	380,566
United States | Minajaro JV
Segment Reporting Information [Line Items]
Total assets		$ 2,895	$ 1,455
[1]	Consolidated assets as of June 28, 2015 and December 28, 2014 include total assets of $2,895 and $1,455, respectively, attributable to joint venture that can only be used to settle the obligations of the joint venture. Consolidated liabilities as of June 28, 2015 included total liabilities of $532 attributable to the consolidated joint venture. There were no liabilities of the joint venture as of December 28, 2014. See Note 6.

Condensed Financial Informati60

Condensed Financial Information for Parent Company - Schedule of Financial Position and Operational Results of Parent Company (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014	Dec. 28, 2014
Assets
Total assets	[1]	$ 470,641		$ 470,641		$ 477,169
Shareholders' Equity:
Preferred stock, $0.01 par value, 15,000,000 shares authorized, no shares issued and outstanding as of June 28, 2015; no shares authorized as of December 28, 2014		0		0
Common stock, $0.01 par value, 200,000,000 shares authorized and 27,914,782 shares issued and outstanding as of June 28, 2015; 30,550,560 shares authorized and 22,813,378 shares issued and outstanding as of December 28, 2014		279		279		$ 228
Additional paid-in capital		273,614		273,614		175,987
Accumulated earnings		14,712		14,712		7,586
Accumulated other comprehensive loss		(42,377)		(42,377)		(29,720)
Total Fogo de Chão, Inc. shareholders' equity		246,228		246,228		154,081
Net income attributable to Fogo de Chão, Inc.		2,461	$ 3,685	7,126	$ 6,447
Other comprehensive income (loss)		2,743	3,417	(12,587)	6,512
Comprehensive income (loss) attributable to Fogo de Chão, Inc.		$ 5,259	$ 7,102	$ (5,531)	$ 12,959
Basic earnings per share		$ 0.11	$ 0.16	$ 0.31	$ 0.28
Diluted earnings per share		$ 0.10	$ 0.16	$ 0.30	$ 0.28
Basic weighted average shares outstanding		23,120,019	22,669,508	22,974,204	22,669,508
Diluted weighted average shares outstanding		23,852,895	22,999,454	23,472,964	22,988,074
Fogo de Chao, Inc.
Assets
Investments in Brasa (Holdings) Inc. and its subsidiaries		$ 246,228		$ 246,228		154,081
Total assets		$ 246,228		$ 246,228		$ 154,081
Shareholders' Equity:
Preferred stock, $0.01 par value, 15,000,000 shares authorized, no shares issued and outstanding as of June 28, 2015; no shares authorized as of December 28, 2014
Common stock, $0.01 par value, 200,000,000 shares authorized and 27,914,782 shares issued and outstanding as of June 28, 2015; 30,550,560 shares authorized and 22,813,378 shares issued and outstanding as of December 28, 2014		$ 279		$ 279		$ 228
Additional paid-in capital		273,614		273,614		175,987
Accumulated earnings		14,712		14,712		7,586
Accumulated other comprehensive loss		(42,377)		(42,377)		(29,720)
Total Fogo de Chão, Inc. shareholders' equity		246,228		246,228		$ 154,081
Equity in net income of Brasa (Holdings) Inc. and its subsidiaries		2,461	$ 3,685	7,126	$ 6,447
Net income attributable to Fogo de Chão, Inc.		2,461	3,685	7,126	6,447
Other comprehensive income (loss)		2,798	3,417	(12,657)	6,512
Comprehensive income (loss) attributable to Fogo de Chão, Inc.		$ 5,259	$ 7,102	$ (5,531)	$ 12,959
Basic earnings per share		$ 0.11	$ 0.16	$ 0.31	$ 0.28
Diluted earnings per share		$ 0.10	$ 0.16	$ 0.30	$ 0.28
Basic weighted average shares outstanding		23,120,019	22,669,508	22,974,204	22,669,508
Diluted weighted average shares outstanding		23,852,895	22,999,454	23,472,964	22,988,074
[1]	Consolidated assets as of June 28, 2015 and December 28, 2014 include total assets of $2,895 and $1,455, respectively, attributable to joint venture that can only be used to settle the obligations of the joint venture. Consolidated liabilities as of June 28, 2015 included total liabilities of $532 attributable to the consolidated joint venture. There were no liabilities of the joint venture as of December 28, 2014. See Note 6.

Condensed Financial Informati61

Condensed Financial Information for Parent Company - Schedule of Financial Position and Operational Results of Parent Company (Parenthetical) (Details) - $ / shares	Jun. 28, 2015	Dec. 28, 2014
Condensed Financial Statements Captions [Line Items]
Preferred stock, par value	$ 0.01
Preferred stock, shares authorized	15,000,000
Preferred stock, shares issued	0
Preferred stock, shares outstanding	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	200,000,000	30,550,560
Common stock, shares issued	27,914,782	22,813,378
Common stock, shares outstanding	27,914,782	22,813,378
Fogo de Chao, Inc.
Condensed Financial Statements Captions [Line Items]
Preferred stock, par value	$ 0.01
Preferred stock, shares authorized	15,000,000	0
Preferred stock, shares issued	0
Preferred stock, shares outstanding	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	200,000,000	30,550,560
Common stock, shares issued	27,914,782	22,813,378
Common stock, shares outstanding	27,914,782	22,813,378

Related Party Transactions - Ad

Related Party Transactions - Additional information (Details) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
	Feb. 28, 2015Director$ / sharesshares	Jun. 28, 2015USD ($)	Jun. 29, 2014USD ($)	Jun. 28, 2015USD ($)	Jun. 29, 2014USD ($)	Dec. 28, 2014USD ($)
Securities Purchase Agreements
Related Party Transaction [Line Items]
Number of directors | Director	3
Securities Purchase Agreements | Director One
Related Party Transaction [Line Items]
Issuance of common stock, shares | shares	9,292
Purchase price of common stock per share | $ / shares	$ 10.78
Securities Purchase Agreements | Director Two
Related Party Transaction [Line Items]
Issuance of common stock, shares | shares	9,292
Purchase price of common stock per share | $ / shares	$ 10.78
Securities Purchase Agreements | Director Three
Related Party Transaction [Line Items]
Issuance of common stock, shares | shares	9,292
Purchase price of common stock per share | $ / shares	$ 10.78
Affiliated Entity
Related Party Transaction [Line Items]
Non-refundable retainer fee				$ 750
Non-refundable retainer fee percentage of EBITDA				1.50%
Advisory services agreement non-refundable retainer fee		$ 252	$ 211	$ 593	$ 399
Advisory services agreement termination fee		7,544		7,544
Amounts payable due to Sponsor		$ 0		$ 0		$ 8