Fogo de Chao 10-Q 8 May 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Apr. 02, 2017	May 05, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 2, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Entity Registrant Name	FOGO DE CHAO, INC.
Trading Symbol	fogo
Entity Central Index Key	1,627,487
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		28,212,744

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands		Apr. 02, 2017	Jan. 01, 2017
Current assets:
Cash and cash equivalents		$ 33,111	$ 31,275
Accounts receivable		7,821	10,082
Other receivables		2,445	1,460
Inventories		4,766	4,647
Prepaid expenses and other current assets		3,552	3,763
Total current assets		51,695	51,227
Property and equipment, net		161,588	158,850
Prepaid rent		785	772
Goodwill		213,039	211,150
Intangible assets, net		96,791	95,951
Liquor licenses		1,184	1,184
Other assets		2,815	2,917
Deferred tax assets		360	344
Total assets	[1]	528,257	522,395
Current liabilities:
Accounts payable and accrued expenses		25,747	29,457
Deferred revenue		5,458	6,344
Total current liabilities		31,205	35,801
Deferred rent		22,098	19,781
Long-term debt, less current portion		147,000	150,000
Other noncurrent liabilities		2,112	2,116
Deferred taxes		23,333	21,838
Total liabilities	[1]	225,748	229,536
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 April 2, 2017 and January 1, 2017, respectively
Common stock, $0.01 par value, 200,000,000 shares authorized, 28,212,744 and 28,211,586 shares issued and outstanding as of April 2, 2017 and January 1, 2017, respectively		282	282
Additional paid-in capital		275,386	275,237
Accumulated earnings		64,927	59,888
Accumulated other comprehensive loss		(40,377)	(44,763)
Total Fogo de Chão, Inc. shareholders' equity		300,218	290,644
Noncontrolling interests		2,291	2,215
Total equity		302,509	292,859
Total liabilities and equity		$ 528,257	$ 522,395
[1]	Consolidated assets as of April 2, 2017 and January 1, 2017 include total assets of $3,107 and $2,991, respectively, attributable to a consolidated joint venture that can only be used to settle the obligations of the joint venture. Consolidated liabilities as of April 2, 2017 and January 1, 2017 include total liabilities of $429 and $403 attributable to the consolidated joint venture. See Note 6.

Unaudited Condensed Consolidat3

Unaudited Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Apr. 02, 2017	Jan. 01, 2017
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	15,000,000	15,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	28,212,744	28,211,586
Common stock, shares outstanding	28,212,744	28,211,586
Mexican Joint Venture
Assets of joint venture included in consolidated assets	$ 3,107	$ 2,991
Liabilities of joint venture included in consolidated liabilities	$ 429	$ 403

Unaudited Condensed Consolidat4

Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2017	Apr. 03, 2016
Statement Of Income And Comprehensive Income [Abstract]
Revenue	$ 76,355	$ 68,857
Restaurant operating costs:
Food and beverage costs	21,428	19,184
Compensation and benefit costs	18,636	16,175
Occupancy and other operating expenses (excluding depreciation and amortization)	15,097	12,674
Total restaurant operating costs	55,161	48,033
Marketing and advertising costs	1,795	1,658
General and administrative costs	5,506	5,618
Pre-opening costs	1,314	508
Depreciation and amortization	4,504	3,746
Other operating (income) expense, net	167	(55)
Total costs and expenses	68,447	59,508
Income from operations	7,908	9,349
Other income (expense):
Interest expense, net of capitalized interest	(1,161)	(1,126)
Interest income	717	395
Other income (expense), net	7
Total other income (expense), net	(437)	(731)
Income before income taxes	7,471	8,618
Income tax expense	2,512	2,626
Net income	4,959	5,992
Less: Net income (loss) attributable to noncontrolling interest	(80)	22
Net income attributable to Fogo de Chão, Inc.	5,039	5,970
Net income	4,959	5,992
Other comprehensive income:
Currency translation adjustment	4,619	7,903
Total other comprehensive income	4,619	7,903
Comprehensive income	9,578	13,895
Less: Comprehensive income attributable to noncontrolling interest	153	25
Comprehensive income attributable to Fogo de Chão, Inc.	$ 9,425	$ 13,870
Earnings per common share attributable to Fogo de Chão, Inc.:
Basic	$ 0.18	$ 0.21
Diluted	$ 0.17	$ 0.21
Weighted average common shares outstanding:
Basic	28,212,489	28,077,537
Diluted	28,846,996	28,916,072

Unaudited Condensed Consolidat5

Unaudited Condensed Consolidated Statement of Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Accumulated Earnings	Accumulated Other Comprehensive Loss	Fogo de Chao, Inc. Shareholders' Equity	Noncontrolling Interests
Balance at Jan. 03, 2016	$ 252,554	$ 281	$ 274,344	$ 35,451	$ (59,465)	$ 250,611	$ 1,943
Balance, shares at Jan. 03, 2016		28,069,466
Net income (loss)	5,992	$ 0	0	5,970	0	5,970	22
Restricted shares vested	0	$ 0	0	0	0	0	0
Restricted shares vested, shares		9,917
Share-based compensation	127	$ 0	127	0	0	127	0
Currency translation adjustment	7,903	0	0	0	7,900	7,900	3
Contributions from noncontrolling interests	3	0	0	0	0	0	3
Distributions to noncontrolling interests	(242)	0	0	0	0	0	(242)
Balance at Apr. 03, 2016	266,337	$ 281	274,471	41,421	(51,565)	264,608	1,729
Balance, shares at Apr. 03, 2016		28,079,383
Net income (loss)	18,270	$ 0	0	18,467	0	18,467	(197)
Restricted shares vested	1	$ 1	0	0	0	1	0
Restricted shares vested, shares		119,780
Stock option exercises	$ 101	$ 0	101	0	0	101	0
Stock option exercises, shares	0	12,423
Share-based compensation	$ 665	$ 0	665	0	0	665	0
Currency translation adjustment	6,358	0	0	0	6,802	6,802	(444)
Contributions from noncontrolling interests	1,822	0	0	0	0	0	1,822
Distributions to noncontrolling interests	(695)	0	0	0	0	0	(695)
Balance at Jan. 01, 2017	$ 292,859	$ 282	275,237	59,888	(44,763)	290,644	2,215
Balance, shares at Jan. 01, 2017	28,211,586	28,211,586
Net income (loss)	$ 4,959	$ 0	0	5,039	0	5,039	(80)
Restricted shares vested	0	$ 0	0	0	0	0	0
Restricted shares vested, shares		1,158
Share-based compensation	149	$ 0	149	0	0	149	0
Currency translation adjustment	4,619	0	0	0	4,386	4,386	233
Contributions from noncontrolling interests	8	0	0	0	0	0	8
Distributions to noncontrolling interests	(85)	0	0	0	0	0	(85)
Balance at Apr. 02, 2017	$ 302,509	$ 282	$ 275,386	$ 64,927	$ (40,377)	$ 300,218	$ 2,291
Balance, shares at Apr. 02, 2017	28,212,744	28,212,744

Unaudited Condensed Consolidat6

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2017	Apr. 03, 2016
Cash flows from operating activities:
Net income	$ 4,959	$ 5,992
Adjustments to reconcile net income to net cash flows provided by operating activities:
Depreciation of property and equipment	4,436	3,681
Amortization of definite-lived intangibles	68	65
Amortization of favorable/unfavorable leases	(46)	(48)
Amortization of debt issuance costs	145	144
Deferred income taxes	1,478	1,622
Share-based compensation expense	149	127
Loss on disposal of property and equipment	9	29
Changes in operating assets and liabilities:
Accounts and other receivables	1,482	3,492
Prepaid expenses and other assets	253	(137)
Inventories	(41)	278
Accounts payable and accrued expenses	(1,967)	(3,155)
Income taxes payable, net of receivables	466	387
Accrued interest	2	(1)
Deferred revenue	(905)	(559)
Deferred rent and tenant allowance	2,476	88
Net cash flows provided by operating activities	12,964	12,005
Cash flows from investing activities:
Purchase liquor licenses		(352)
Capital expenditures	(9,123)	(11,348)
Net cash flows used in investing activities	(9,123)	(11,700)
Cash flows from financing activities:
Repayments, 2015 Credit Facility	(3,000)	(5,000)
Contributions from noncontrolling interest	8	3
Distributions to noncontrolling interest	(85)	(242)
Net cash flows used in financing activities	(3,077)	(5,239)
Effect of foreign exchange rates on cash and cash equivalents	1,072	1,435
Net increase (decrease) in cash and cash equivalents	1,836	(3,499)
Cash and cash equivalents at beginning of period	31,275	24,919
Cash and cash equivalents at end of period	33,111	21,420
Supplemental disclosure of cash flow information:
Interest paid, net of amounts capitalized	1,004	963
Income taxes, net of refunds	497	665
Non-cash activities:
Capital expenditures included in accounts payable and accrued expenses	$ 2,227	$ 2,655

Description of Business

Description of Business	3 Months Ended
	Apr. 02, 2017
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Description of Business	1. Description of Business Fogo de Chão, Inc. and its subsidiaries (the “Company”) operate upscale Brazilian churrascaria 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 Brasa (Holdings) Inc. (“Brasa Holdings”). Brasa Holdings owns Fogo de Chão (Holdings) Inc. (“Fogo Holdings”), which owns the Company’s domestic and foreign operating subsidiaries.

Basis of Presentation

Basis of Presentation	3 Months Ended
	Apr. 02, 2017
Accounting Policies [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 accounting principles generally accepted 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 do not represent complete financial statements and should be read in conjunction with the Company’s annual financial statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 1, 2017. While the condensed consolidated balance sheet data as of January 1, 2017 was derived from audited financial statements, it does not include all disclosures required by GAAP. 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 2017 will include 52 weeks of operations. Fiscal 2016 included 52 weeks of operations.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Apr. 02, 2017
Accounting Policies [Abstract]
Summary of 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 $37 and $4 of interest during the thirteen week periods ended April 2, 2017 and April 3, 2016, respectively. Fair Value Fair value is defined as the price that would be received to sell an asset or price paid to transfer a liability in an orderly transaction between market participants at the measurement date. Authoritative guidance for fair value measurements establishes a hierarchy that prioritizes the inputs to valuation models based upon the degree to which they are observable. The three levels of the fair value measurement hierarchy are as follows: Level 1: Inputs represent quoted prices in active markets for identical assets or liabilities at the measurement date. Level 2: Inputs (other than quoted prices included in Level 1) that are either directly or indirectly observable or the asset or liability through correlation with market data at the measurement date for the duration of the instrument’s anticipated life. Level 3: Inputs are unobservable and therefore reflect management’s best estimate of the assumptions that market participants would use in pricing the asset or liability. As of April 2, 2017 and January 1, 2017, the fair value of cash and cash equivalents, accounts and other receivables, inventories, accounts payable and accrued expenses 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 terms (Level 2). 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. The Company recognized $14 and $19 of gift card breakage revenue during the thirteen week periods ended April 2, 2017 and April 3, 2016, respectively. Insurance Reserves The Company self-insures 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. The Company’s estimate is based on a number of assumptions and factors, including historical trends and actuarial assumptions. The Company engages a third party actuary to assist it in estimating its liability for workers’ compensation claims. The Company accrues the estimated liability for workers’ compensation claims discounted based on the cash flow estimates provided by the actuary. The Company believes that applying a discount to the estimated future cash flows provided by the actuarial analysis results in a more accurate estimate of the liability. The Company’s estimated liability for workers’ compensation claims was $1,754 and $1,747 as of April 2, 2017 and January 1, 2017, respectively, calculated based on a discounted cash flow basis. The undiscounted liability was approximately $1,900 as of April 2, 2017 and as of January 1, 2017, respectively. The estimated current portion of $662 and $649 as of April 2, 2017 and January 1, 2017, respectively, is included in accounts payable and accrued expenses in the consolidated balance sheet. The estimated non-current portion is included in other non-current liabilities. The estimated liability for all other self-insurance programs is not discounted and is based on a number of assumptions and factors, including historical trends and actuarial assumptions. The accrued liability attributable to these other self-insurance programs was $319 and $347 as of April 2, 2017 and January 1, 2017, respectively, and is included in accounts payable and accrued expenses in the consolidated balance sheets. 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. 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, and similar contracts, customers and employees, irrespective of location. ASC 280, “Segment Reporting” “management approach” Concentration Risk The Company relies on one distributor for substantially all of its beef purchases for its operations in the US. However, the Company believes the products purchased through this distributor are widely available at similar prices from multiple distributors. The Company does not anticipate any significant risk to its business in the event that this distributor is no longer available to provide goods or services. However, a change in suppliers could potentially result in different costs.

Recent Accounting Standards

Recent Accounting Standards	3 Months Ended
	Apr. 02, 2017
Accounting Changes And Error Corrections [Abstract]
Recent Accounting Standards	4. Recent Accounting Standards Effect of New 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 2014-09, “ Revenue from Contracts with Customers Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients In February 2016, the FASB issued ASU 2016-02, “ Leases (Topic 842) In June 2016, the FASB issued ASU 2016-13, “ Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments In August 2016, the FASB issued ASU 2016-15, “ Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments In January 2017, the FASB issued ASU 2017-04, “ Intangibles - Goodwill and Other (Topic 350)

Accounts Payable and Accrued Ex

Accounts Payable and Accrued Expenses	3 Months Ended
	Apr. 02, 2017
Payables And Accruals [Abstract]
Accounts Payable and Accrued Expenses	5. Accounts Payable and Accrued Expenses Accounts payable and accrued expenses consist of the following: April 2, January 1, 2017 2017 Accounts payable $ 8,013 $ 10,080 Accrued capital expenditures 2,227 4,807 Deferred rent (current) 611 496 Payroll and payroll related 7,371 6,488 Interest payable 36 34 Sales and beverage taxes payable 2,059 2,634 Self-insurance reserves (current) 981 996 Income and other taxes payable 2,035 1,614 Other accrued expenses 2,414 2,308 Total $ 25,747 $ 29,457

Joint Ventures

Joint Ventures	3 Months Ended
	Apr. 02, 2017
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 a non-related party (“Mexican JV Partner,” and together with the Company, the “Parties”), to form JV Churrascaria Mexico, S. de R.L. de C.V. (the “Mexican 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 Mexican JV. In May 2015, the Mexican JV opened its first restaurant in Mexico City. 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. Fogo Holdings recognized $33 and $28 in license fee income during the thirteen week periods ended April 2, 2017 and April 3, 2016, respectively. This income, and the related expense recognized by the Mexican JV, are eliminated in consolidated net income. The license fee expense, recognized by the Mexican 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 attributable to Fogo de Chão, Inc. Net income (loss) from the Mexican JV for the thirteen week periods ended April 2, 2017 and April 3, 2016, 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. The following table presents the consolidated assets and liabilities of the Mexican JV included within the Company’s consolidated balance sheets as of April 2, 2017 and January 1, 2017, respectively. April 2, 2017 January 1, 2017 Cash and cash equivalents $ 30 $ 43 Accounts receivable 59 43 Inventories 109 117 Prepaid expenses and other assets 849 835 Property and equipment, net 2,019 1,912 Deferred tax assets, noncurrent 41 41 Total assets $ 3,107 $ 2,991 Accounts payable and accrued expenses $ 567 $ 540 Total liabilities 567 540 Fogo de Chão, Inc. investment in joint venture 249 236 Noncontrolling interest 2,291 2,215 Total owners' equity 2,540 2,451 Total liabilities and owners' equity $ 3,107 $ 2,991 Accounts payable include $138 and $137 due to the Company as of April 2, 2017 and January 1, 2017, 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 a non-related party to form FD Restaurants Ltd., a Cayman Islands exempted company (the “Middle East JV”), 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 JV and will be entitled to receive 50% of the profits of the Middle East JV 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 JV. The Company accounts for its investment in the Middle East JV under the equity method as it has determined that it does not have a controlling interest in the Middle East JV since the Company will not have the power to direct activities that significantly impact the Middle East JV 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 income attributable to the Middle East JV, as the construction of restaurants included in the joint venture are currently in process.

Long-Term Debt

Long-Term Debt	3 Months Ended
	Apr. 02, 2017
Debt Disclosure [Abstract]
Long-Term Debt	7. Long-Term Debt Long-term debt consists of the following: April 2, January 1, 2017 2017 2015 Credit Facility: Revolving Credit Facility $ 147,000 $ 150,000 147,000 150,000 Less: Current portion of long-term debt — — Long-term debt, less current portion $ 147,000 $ 150,000 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. 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 Borrower is required to maintain two financial covenants, including a maximum Total Rent Adjusted Leverage Ratio, as that term is defined in the 2015 Credit Facility (at levels that may vary by quarter until maturity), and a minimum Consolidated Interest Coverage Ratio, as that term is defined in the 2015 Credit Facility. The Company was in compliance with each of these covenants as of April 2, 2017 and as of January 1, 2017. 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 April 2, 2017, the Company had seven letters of credit outstanding for a total of $5,666 and $97,334 of available borrowing capacity under the 2015 Credit Facility. Debt Issuance Costs Debt issuance costs are amortized to interest expense over the term of the debt using the straight-line rate method for revolving debt over the terms of the related instruments. Remaining unamortized debt issuance costs were $1,874 and $2,019 as of April 2, 2017 and January 1, 2017, respectively, and are included in other assets (noncurrent) in the consolidated balance sheets.

Share-Based Compensation

Share-Based Compensation	3 Months Ended
	Apr. 02, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Share-Based Compensation	8. Share-Based Compensation 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: Thirteen Week Periods Ended April 2, April 3, 2017 2016 Restaurant operating costs $ 36 $ (95 ) General and administrative costs 113 222 Total $ 149 $ 127 As of April 2, 2017, the Company had an aggregate of $670 of unrecognized share-based compensation cost related to outstanding stock options, which is expected to be recognized over a weighted average period of 2.3 years. As of April 2, 2017, the Company had an aggregate of $71 of unrecognized share-based compensation cost related to outstanding restricted common stock, which is expected to be recognized over a weighted average period of 0.9 years. Shares Available As of April 2, 2017, 302,572 and 1,063,430 shares remained available for future issuance under the Brasa (Parent) Inc. 2012 Omnibus Equity Incentive Plan and the Fogo de Chão, Inc. 2015 Omnibus Incentive Plan, respectively.

Employee Benefit Plans

Employee Benefit Plans	3 Months Ended
	Apr. 02, 2017
Compensation And Retirement Disclosure [Abstract]
Employee Benefit Plans	9. Employee Benefit Plans Deferred Compensation Plan – Effective July 1, 2016, the Company implemented a non-qualified deferred compensation plan. The deferred compensation plan is intended to provide current tax planning opportunities and supplemental funds upon retirement or death for certain key employees designated and approved by the Company to be eligible to participate in the deferred compensation plan. The deferred compensation plan enables its participants with the opportunity to voluntarily elect to defer the timing of payment of base salary and/or bonuses. Deferred compensation liability is $305 and $227 as of April 2, 2017 and January 1, 2017, respectively, and is included in other noncurrent liabilities in the consolidated balance sheets.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Apr. 02, 2017
Earnings Per Share [Abstract]
Earnings Per Share	10. 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 determined using the treasury stock method. 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 April 2, April 3, 2017 2016 Net income attributable to Fogo de Chão, Inc. $ 5,039 $ 5,970 Basic weighted average shares outstanding 28,212,489 28,077,537 Effect of dilutive securities: Unvested restricted stock 18,468 144,150 Stock options 616,039 694,385 Diluted weighted average number of shares outstanding 28,846,996 28,916,072 Basic earnings per share $ 0.18 $ 0.21 Diluted earnings per share $ 0.17 $ 0.21 The Company excluded stock options to purchase 0.7 million shares of common stock from the computation of diluted earnings per share for the thirteen week period ended April 2, 2017, because their inclusion would have been anti-dilutive. The Company excluded stock options to purchase 0.7 million shares of common stock from the computation of diluted earnings per share for the thirteen week period ended April 3, 2016, because their inclusion would have been anti-dilutive.

Income Taxes

Income Taxes	3 Months Ended
	Apr. 02, 2017
Income Tax Disclosure [Abstract]
Income Taxes	11. Income Taxes The Company estimated its annual effective tax rate to be applied to the results of the thirteen week periods ended April 2, 2017 and April 3, 2016 for purposes of determining its year-to-date tax expense. The determination of the Company’s overall effective tax rate requires the use of estimates. The effective tax rate reflects the income earned and taxed in various United States and foreign jurisdictions. Tax law changes, increases and decreases in permanent differences between book and tax items, tax credits and the Company’s change in income in each jurisdiction all affect the overall effective tax rate. The Company recognized income tax expense of $2,512 (consolidated effective tax rate of 33.6%) and $2,626 (consolidated effective tax rate of 30.5%) for the thirteen week periods ended April 2, 2017 and April 3, 2016, respectively. During the thirteen week period ended April 2, 2017, the Company recognized discrete tax benefits of $153 resulting from refunds received during the period related to prior year state income tax returns. The consolidated effective tax rate for the thirteen week period ending April 2, 2017, excluding the impact of these discrete tax benefits, was 35.7%. The Company’s consolidated effective tax rate varies from the federal statutory rate of 35% primarily due to FICA tip credits, statutory tax rate differential between foreign jurisdictions and the US, subpart F income, nondeductible expenses, and state taxes. The Company had historically provided deferred taxes under ASC 740-30-25, formerly APB 23, for the presumed repatriation to the US 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 US. This change in assertion was primarily driven by a reduction in debt service costs on a forward basis, future US cash projections and the Company’s intent to continue investing in restaurants in foreign jurisdictions with cash generated in those jurisdictions. In 2016, the Company effectuated an internal restructuring whereby it created a new Dutch holding company, FDC Netherlands Cooperatief U.A. (“Fogo COOP”) and contributed all of its Brazilian subsidiaries down below Fogo COOP and then made contemporaneous check-the-box elections to treat these subsidiaries as disregarded entities or branches of Fogo COOP. For US federal income tax purposes, this transaction was structured as a tax-free reorganization under section 368(a)(1)(D) or (F). Following, the internal restructuring, Fogo COOP is treated as the regarded or separate legal entity for US federal income tax purposes and the Brazilian entities are branches or divisions of Fogo COOP. Consequently, income or losses earned by the Brazilian entities are deemed to be earned by Fogo COOP for US federal income tax purposes. The Company considers the undistributed earnings related to Fogo COOP (and indirectly the earnings of its Brazilian disregarded entities as well as the earnings related to its majority interest in its Mexican joint ventures) to be indefinitely reinvested and are expected to continue to be indefinitely reinvested. Accordingly, no provision for US income and additional foreign taxes has been recorded on aggregate undistributed earnings of $46,858 as of April 2, 2017. If there is a change in assertion regarding indefinite or permanent reinvestment of the undistributed earnings of the Company’s Dutch subsidiary, the Company would record a deferred tax liability attributable to those undistributed earnings in the amount of approximately $16,400. As of April 2, 2017, $25,180 in cash and cash equivalents is held indirectly in Brazil by Fogo COOP’s Brazilian disregarded entities, and $1,060 in cash and cash equivalents is held directly in the Netherlands by Fogo COOP, which could be subject to additional taxes if repatriated to the US.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Apr. 02, 2017
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 can be extended in five-year increments. These leases generally provide for minimum annual rental payments that are subject to periodic escalations that are fixed or in some cases, based upon increases in specific inflation indexes as stipulated in the non-cancelable operating lease. Certain lease arrangements have contingent rental payments based on net sales thresholds per the lease agreement. Accrued liability for contingent rent was $199 and $197 as of April 2, 2017 and January 1, 2017, respectively. These balances are included in accounts payable and accrued expenses in the consolidated balance sheets. Future minimum lease payments for non-cancelable leases (excluding contingent rental payments) are as follows: 2017 (remaining) $ 15,686 2018 22,149 2019 21,451 2020 21,064 2021 20,604 2022 18,510 Thereafter 81,724 Total $ 201,188 Future minimum lease payments attributable to all locations in Brazil contain annual escalations that are tied to the IGPM inflation index. These payments, which will be made in the functional currency of the country, have been estimated using the period-end currency exchange rate and the prevailing IGPM index rate for 2017. Future minimum lease payments attributable to one location in Mexico contain annual escalations that are tied to the US CPI-U index. These payments, which will be made in the functional currency of the country, have been estimated using the period-end currency exchange rate and the US CPI-U index rate existing at the time of the lease was executed. Rent expense, attributable to non-cancelable operating leases for the Company’s corporate office and restaurant locations, for the thirteen week periods ended April 2, 2017 and April 3, 2016, was $5,935 and $4,903, respectively, including contingent rent of $100 and $62 for the thirteen week periods ended April 2, 2017 and April 3, 2016, respectively. Favorable lease assets and liabilities are amortized to rent expense on a straight-line basis over each respective operating lease term. The amortization of favorable lease assets increases rent expense, while the amortization of unfavorable lease liabilities decreases rent expense. The net decrease in rent expense, resulting from the amortization of these favorable lease assets and unfavorable lease liabilities, was $46 and $48 for the thirteen week periods ended April 2, 2017 and April 3, 2016, respectively. Litigation The Union of Workers in Hotels, Apart-Hotels, Motels, Flats, Restaurants, Bars, Snack Bars and Similar in São Paulo and the Region (the “Union”) brought claims in 2011 on behalf of certain employees of one of the Company’s São Paulo restaurants asserting that the restaurant charged mandatory tips and did not properly calculate compensation payable to or for the benefit of those employees. The claims were initially dismissed in 2011 but the Union pursued various appeals of its claims. A regional labor court rendered a decision in 2014 that partially granted one of the Union appeals and ordered the restaurant to make unquantified payments based on its determination that the restaurant charged mandatory tips. At that time, the restaurant recorded a reserve of R$100 (Brazilian Real), the amount established by the judge for the calculation of court fees. The restaurant appealed to the superior labor court, which did not grant the appeal. The decision of the regional labor court became final in November 2015 and the claims were remitted to the first labor court. The Company has since reached an agreement to resolve all of the Union’s claims; however, the agreement must be judicially approved. The Company accrued an additional immaterial amount to increase its reserve related to this matter during the thirteen week period ended April 2, 2017. If the agreement is not approved by the labor court, the claims will not be resolved. An adverse outcome could materially and adversely affect the Company’s financial condition, results of operations or cash flows in any particular reporting period. The Company is currently involved in various other claims, investigations and legal actions that arise in the ordinary course of its business, including claims and investigations resulting from employment-related matters. None of these matters, many of which are covered by insurance, has had a material effect on the Company. The Company is not party to any material pending legal proceedings and is not aware of any claims that could have a material adverse effect on its business, financial condition, results of operations or cash flows. However, a significant increase in the number of these claims or an increase in amounts owing under successful claims could materially and adversely affect the Company’s business, financial condition, results of operations or cash flows.

Segment Reporting

Segment Reporting	3 Months Ended
	Apr. 02, 2017
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 week periods ended April 2, 2017 and April 3, 2016. Thirteen Week Periods Ended April 2, April 3, 2017 2016 Revenue United States(a) $ 66,530 $ 60,662 Brazil 9,825 8,195 Total revenue $ 76,355 $ 68,857 Restaurant contribution United States $ 18,566 $ 18,557 Brazil 2,628 2,267 Total segment restaurant contribution $ 21,194 $ 20,824 (a) For the thirteen week periods ended April 2, 2017 and April 3, 2016 amounts include $1,080 and $1,116, respectively, attributable to the Company’s restaurant in Puerto Rico. For the thirteen week periods ended April 2, 2017 and April 3, 2016 amounts include $978 and $845, respectively, 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 from operations for the thirteen week periods ended April 2, 2017 and April 3, 2016. Thirteen Week Periods Ended April 2, April 3, 2017 2016 Total segment restaurant contribution $ 21,194 $ 20,824 Marketing and advertising costs 1,795 1,658 General and administrative costs 5,506 5,618 Pre-opening costs 1,314 508 Depreciation and amortization 4,504 3,746 Other operating (income) expense, net 167 (55 ) Total other operating costs and expenses 13,286 11,475 Income from operations $ 7,908 $ 9,349 The table below sets forth the property and equipment attributable to each segment as of April 2, 2017 and January 1, 2017. April 2, January 1, 2017 2017 Property and equipment, net United States(a) $ 150,829 $ 148,161 Brazil 9,697 9,668 Total segment property and equipment, net 160,526 157,829 Corporate office(b) 1,062 1,021 Total property and equipment, net $ 161,588 $ 158,850 (a) Property and equipment, net as of April 2, 2017 and January 1, 2017 includes $3,302 and $3,370, respectively, attributable to the Company’s restaurant in Puerto Rico, and includes $2,019 and $1,912, 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 thirteen week periods ended April 2, 2017 and April 3, 2016. Thirteen Week Periods Ended April 2, April 3, 2017 2016 Capital expenditures United States(a) $ 6,302 $ 7,407 Brazil 95 497 Total capital expenditures(b) $ 6,397 $ 7,904 (a) For the thirteen week period ended April 3, 2016 amount includes $7 attributable to the joint venture in Mexico. For the thirteen week periods ended April 2, 2017 and April 3, 2016, amounts exclude $146 and $126, respectively, in 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 April 2, 2017 and January 1, 2017. April 2, January 1, 2017 2017 Total assets United States(a) $ 427,331 $ 427,049 Brazil 100,926 95,346 Total assets $ 528,257 $ 522,395 (a) Total assets as of April 2, 2017 and January 1, 2017 include total assets of $3,107 and $2,991, 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.

Summary of Significant Accoun20

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Apr. 02, 2017
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 accounting principles generally accepted 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 do not represent complete financial statements and should be read in conjunction with the Company’s annual financial statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 1, 2017. While the condensed consolidated balance sheet data as of January 1, 2017 was derived from audited financial statements, it does not include all disclosures required by GAAP. 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 2017 will include 52 weeks of operations. Fiscal 2016 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 $37 and $4 of interest during the thirteen week periods ended April 2, 2017 and April 3, 2016, respectively.
Fair Value	Fair Value Fair value is defined as the price that would be received to sell an asset or price paid to transfer a liability in an orderly transaction between market participants at the measurement date. Authoritative guidance for fair value measurements establishes a hierarchy that prioritizes the inputs to valuation models based upon the degree to which they are observable. The three levels of the fair value measurement hierarchy are as follows: Level 1: Inputs represent quoted prices in active markets for identical assets or liabilities at the measurement date. Level 2: Inputs (other than quoted prices included in Level 1) that are either directly or indirectly observable or the asset or liability through correlation with market data at the measurement date for the duration of the instrument’s anticipated life. Level 3: Inputs are unobservable and therefore reflect management’s best estimate of the assumptions that market participants would use in pricing the asset or liability. As of April 2, 2017 and January 1, 2017, the fair value of cash and cash equivalents, accounts and other receivables, inventories, accounts payable and accrued expenses 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 terms (Level 2).
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. The Company recognized $14 and $19 of gift card breakage revenue during the thirteen week periods ended April 2, 2017 and April 3, 2016, respectively.
Insurance Reserves	Insurance Reserves The Company self-insures 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. The Company’s estimate is based on a number of assumptions and factors, including historical trends and actuarial assumptions. The Company engages a third party actuary to assist it in estimating its liability for workers’ compensation claims. The Company accrues the estimated liability for workers’ compensation claims discounted based on the cash flow estimates provided by the actuary. The Company believes that applying a discount to the estimated future cash flows provided by the actuarial analysis results in a more accurate estimate of the liability. The Company’s estimated liability for workers’ compensation claims was $1,754 and $1,747 as of April 2, 2017 and January 1, 2017, respectively, calculated based on a discounted cash flow basis. The undiscounted liability was approximately $1,900 as of April 2, 2017 and as of January 1, 2017, respectively. The estimated current portion of $662 and $649 as of April 2, 2017 and January 1, 2017, respectively, is included in accounts payable and accrued expenses in the consolidated balance sheet. The estimated non-current portion is included in other non-current liabilities. The estimated liability for all other self-insurance programs is not discounted and is based on a number of assumptions and factors, including historical trends and actuarial assumptions. The accrued liability attributable to these other self-insurance programs was $319 and $347 as of April 2, 2017 and January 1, 2017, respectively, and is included in accounts payable and accrued expenses in the consolidated balance sheets. 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.
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, and similar contracts, customers and employees, irrespective of location. ASC 280, “Segment Reporting” “management approach”
Effect of New Accounting Standards	Effect of New 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 2014-09, “ Revenue from Contracts with Customers Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients In February 2016, the FASB issued ASU 2016-02, “ Leases (Topic 842) In June 2016, the FASB issued ASU 2016-13, “ Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments In August 2016, the FASB issued ASU 2016-15, “ Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments In January 2017, the FASB issued ASU 2017-04, “ Intangibles - Goodwill and Other (Topic 350)

Accounts Payable and Accrued 21

Accounts Payable and Accrued Expenses (Tables)	3 Months Ended
	Apr. 02, 2017
Payables And Accruals [Abstract]
Summary of Accounts Payable and Accrued Expenses	Accounts payable and accrued expenses consist of the following: April 2, January 1, 2017 2017 Accounts payable $ 8,013 $ 10,080 Accrued capital expenditures 2,227 4,807 Deferred rent (current) 611 496 Payroll and payroll related 7,371 6,488 Interest payable 36 34 Sales and beverage taxes payable 2,059 2,634 Self-insurance reserves (current) 981 996 Income and other taxes payable 2,035 1,614 Other accrued expenses 2,414 2,308 Total $ 25,747 $ 29,457

Joint Ventures (Tables)

Joint Ventures (Tables)	3 Months Ended
	Apr. 02, 2017
Mexican Joint Venture
Summary of Consolidated Assets and Liabilities of Mexican Joint Venture	The following table presents the consolidated assets and liabilities of the Mexican JV included within the Company’s consolidated balance sheets as of April 2, 2017 and January 1, 2017, respectively. April 2, 2017 January 1, 2017 Cash and cash equivalents $ 30 $ 43 Accounts receivable 59 43 Inventories 109 117 Prepaid expenses and other assets 849 835 Property and equipment, net 2,019 1,912 Deferred tax assets, noncurrent 41 41 Total assets $ 3,107 $ 2,991 Accounts payable and accrued expenses $ 567 $ 540 Total liabilities 567 540 Fogo de Chão, Inc. investment in joint venture 249 236 Noncontrolling interest 2,291 2,215 Total owners' equity 2,540 2,451 Total liabilities and owners' equity $ 3,107 $ 2,991

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
	Apr. 02, 2017
Debt Disclosure [Abstract]
Summary of Long-Term Debt	Long-term debt consists of the following: April 2, January 1, 2017 2017 2015 Credit Facility: Revolving Credit Facility $ 147,000 $ 150,000 147,000 150,000 Less: Current portion of long-term debt — — Long-term debt, less current portion $ 147,000 $ 150,000

Share-Based Compensation (Table

Share-Based Compensation (Tables)	3 Months Ended
	Apr. 02, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
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: Thirteen Week Periods Ended April 2, April 3, 2017 2016 Restaurant operating costs $ 36 $ (95 ) General and administrative costs 113 222 Total $ 149 $ 127

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Apr. 02, 2017
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 April 2, April 3, 2017 2016 Net income attributable to Fogo de Chão, Inc. $ 5,039 $ 5,970 Basic weighted average shares outstanding 28,212,489 28,077,537 Effect of dilutive securities: Unvested restricted stock 18,468 144,150 Stock options 616,039 694,385 Diluted weighted average number of shares outstanding 28,846,996 28,916,072 Basic earnings per share $ 0.18 $ 0.21 Diluted earnings per share $ 0.17 $ 0.21

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Apr. 02, 2017
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: 2017 (remaining) $ 15,686 2018 22,149 2019 21,451 2020 21,064 2021 20,604 2022 18,510 Thereafter 81,724 Total $ 201,188

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Apr. 02, 2017
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 week periods ended April 2, 2017 and April 3, 2016. Thirteen Week Periods Ended April 2, April 3, 2017 2016 Revenue United States(a) $ 66,530 $ 60,662 Brazil 9,825 8,195 Total revenue $ 76,355 $ 68,857 Restaurant contribution United States $ 18,566 $ 18,557 Brazil 2,628 2,267 Total segment restaurant contribution $ 21,194 $ 20,824 (a) For the thirteen week periods ended April 2, 2017 and April 3, 2016 amounts include $1,080 and $1,116, respectively, attributable to the Company’s restaurant in Puerto Rico. For the thirteen week periods ended April 2, 2017 and April 3, 2016 amounts include $978 and $845, respectively, attributable to the joint venture in Mexico.
Reconciliation of Total Segment Restaurant Contribution to Income from Operations	The following table sets forth the reconciliation of total segment restaurant contribution to income from operations for the thirteen week periods ended April 2, 2017 and April 3, 2016. Thirteen Week Periods Ended April 2, April 3, 2017 2016 Total segment restaurant contribution $ 21,194 $ 20,824 Marketing and advertising costs 1,795 1,658 General and administrative costs 5,506 5,618 Pre-opening costs 1,314 508 Depreciation and amortization 4,504 3,746 Other operating (income) expense, net 167 (55 ) Total other operating costs and expenses 13,286 11,475 Income from operations $ 7,908 $ 9,349
Schedule of Property and Equipment Attributable to Each Segment	The table below sets forth the property and equipment attributable to each segment as of April 2, 2017 and January 1, 2017. April 2, January 1, 2017 2017 Property and equipment, net United States(a) $ 150,829 $ 148,161 Brazil 9,697 9,668 Total segment property and equipment, net 160,526 157,829 Corporate office(b) 1,062 1,021 Total property and equipment, net $ 161,588 $ 158,850 (a) Property and equipment, net as of April 2, 2017 and January 1, 2017 includes $3,302 and $3,370, respectively, attributable to the Company’s restaurant in Puerto Rico, and includes $2,019 and $1,912, 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 Capital Expenditures Attributable to Each Segment	The table below sets forth the capital expenditures attributable to each segment during the thirteen week periods ended April 2, 2017 and April 3, 2016. Thirteen Week Periods Ended April 2, April 3, 2017 2016 Capital expenditures United States(a) $ 6,302 $ 7,407 Brazil 95 497 Total capital expenditures(b) $ 6,397 $ 7,904 (a) For the thirteen week period ended April 3, 2016 amount includes $7 attributable to the joint venture in Mexico. For the thirteen week periods ended April 2, 2017 and April 3, 2016, amounts exclude $146 and $126, respectively, in 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.
Schedule of Total Assets	The table below sets forth total assets as of April 2, 2017 and January 1, 2017. April 2, January 1, 2017 2017 Total assets United States(a) $ 427,331 $ 427,049 Brazil 100,926 95,346 Total assets $ 528,257 $ 522,395 (a) Total assets as of April 2, 2017 and January 1, 2017 include total assets of $3,107 and $2,991, 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.

Description of Business - Addit

Description of Business - Additional Information (Details)	Apr. 02, 2017Restaurant
Brasa (Purchaser) Inc.
Description of Business [Line Items]
Percentage of ownership	100.00%
United States
Description of Business [Line Items]
Number of restaurants	35
US Territory of Puerto Rico
Description of Business [Line Items]
Number of restaurants	1
Brazil
Description of Business [Line Items]
Number of restaurants	10
Mexico
Description of Business [Line Items]
Number of restaurants	2

Summary of Significant Accoun29

Summary of Significant Accounting Policies - Additional Information (Details) $ in Thousands	3 Months Ended		12 Months Ended
	Apr. 02, 2017USD ($)SegmentSupplier$ / Claim	Apr. 03, 2016USD ($)	Jan. 01, 2017USD ($)
Summary Of Significant Accounting Policies [Line Items]
Capitalized interest	$ 37	$ 4
Revenue recognition, gift cards, breakage	14	$ 19
Accrued self-insurance reserve, discounted liability current and non-current portions	1,754		$ 1,747
Accrued self-insurance reserve, undiscounted liability current and non-current portions	1,900		1,900
Accrued self-insurance reserve	$ 981		996
Number of operating segments | Segment	2
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 | $ / Claim	200
Maximum
Summary Of Significant Accounting Policies [Line Items]
Self-insurance per claim deductible | $ / Claim	250
Accounts Payable And Accrued Expenses
Summary Of Significant Accounting Policies [Line Items]
Estimated current portion of workers' compensation claims	$ 662		649
Accrued self-insurance reserve	$ 319		$ 347

Accounts Payable and Accrued 30

Accounts Payable and Accrued Expenses - Summary of Accounts Payable and Accrued Expenses (Details) - USD ($) $ in Thousands	Apr. 02, 2017	Jan. 01, 2017
Payables And Accruals [Abstract]
Accounts payable	$ 8,013	$ 10,080
Accrued capital expenditures	2,227	4,807
Deferred rent (current)	611	496
Payroll and payroll related	7,371	6,488
Interest payable	36	34
Sales and beverage taxes payable	2,059	2,634
Self-insurance reserves (current)	981	996
Income and other taxes payable	2,035	1,614
Other accrued expenses	2,414	2,308
Total	$ 25,747	$ 29,457

Joint Ventures - Additional Inf

Joint Ventures - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2017	Apr. 03, 2016	Jan. 01, 2017	Jul. 01, 2014	Apr. 01, 2014
Mexican Joint Venture
Schedule Of Equity Method Investments [Line Items]
Ownership interests				51.00%
Percentage of profit from joint venture pursuant to agreement				50.00%
License fee income	$ 33	$ 28
Mexican Joint Venture | Consolidation Eliminations
Schedule Of Equity Method Investments [Line Items]
Due from joint venture	$ (138)		$ (137)
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%
Equity method ownership interests					51.00%

Joint Ventures - Summary of Con

Joint Ventures - Summary of Consolidated Assets and Liabilities of Mexican Joint Venture (Details) - USD ($) $ in Thousands		Apr. 02, 2017	Jan. 01, 2017	Apr. 03, 2016	Jan. 03, 2016
Variable Interest Entity [Line Items]
Cash and cash equivalents		$ 33,111	$ 31,275	$ 21,420	$ 24,919
Accounts receivable		7,821	10,082
Inventories		4,766	4,647
Property and equipment, net		161,588	158,850
Deferred tax assets, noncurrent		360	344
Total assets	[1]	528,257	522,395
Accounts payable and accrued expenses		25,747	29,457
Total liabilities	[1]	225,748	229,536
Noncontrolling interests		2,291	2,215
Total equity		302,509	292,859	$ 266,337	$ 252,554
Total liabilities and equity		528,257	522,395
Mexican Joint Venture | Consolidation Eliminations
Variable Interest Entity [Line Items]
Cash and cash equivalents		30	43
Accounts receivable		59	43
Inventories		109	117
Prepaid expenses and other assets		849	835
Property and equipment, net		2,019	1,912
Deferred tax assets, noncurrent		41	41
Total assets		3,107	2,991
Accounts payable and accrued expenses		567	540
Total liabilities		567	540
Fogo de Chão, Inc. investment in joint venture		249	236
Noncontrolling interests		2,291	2,215
Total equity		2,540	2,451
Total liabilities and equity		$ 3,107	$ 2,991
[1]	Consolidated assets as of April 2, 2017 and January 1, 2017 include total assets of $3,107 and $2,991, respectively, attributable to a consolidated joint venture that can only be used to settle the obligations of the joint venture. Consolidated liabilities as of April 2, 2017 and January 1, 2017 include total liabilities of $429 and $403 attributable to the consolidated joint venture. See Note 6.

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Details) - USD ($) $ in Thousands	Apr. 02, 2017	Jan. 01, 2017
Debt Instrument [Line Items]
Long-term debt, Including current portion	$ 147,000	$ 150,000
Less: Current portion of long-term debt	0	0
Long-term debt, less current portion	147,000	150,000
2015 Credit Facility
Debt Instrument [Line Items]
Long-term debt	$ 147,000	$ 150,000

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Details)	3 Months Ended	12 Months Ended
	Apr. 02, 2017USD ($)Convenant	Jan. 01, 2017USD ($)
Other Assets (Noncurrent)
Debt Instrument [Line Items]
Unamortized debt issuance costs	$ 1,874,000	$ 2,019,000
2015 Credit Facility
Debt Instrument [Line Items]
Line of credit maximum borrowing capacity	$ 250,000,000
Line of credit maturity date	Jun. 24, 2020
Number of financial covenants | Convenant	2
Covenants compliance date	Apr. 2, 2017	Jan. 1, 2017
Payments commencement date	Jun. 24, 2020
Letters of credit outstanding	$ 5,666,000
Available borrowing capacity	$ 97,334,000

Share-Based Compensation - Summ

Share-Based Compensation - Summary of Share-Based Compensation Expense Related to Stock Options and Restricted Stock (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2017	Apr. 03, 2016
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expense	$ 149	$ 127
Restaurant operating costs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expense	36	(95)
General and administrative costs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expense	$ 113	$ 222

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Details) $ in Thousands	3 Months Ended
	Apr. 02, 2017USD ($)shares
Brasa (Parent) Inc. 2012 Omnibus Equity Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Remaining shares available for future issuance | shares	302,572
Fogo de Chão, Inc. 2015 Omnibus Equity Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Remaining shares available for future issuance | shares	1,063,430
Stock Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized share-based compensation cost related to outstanding stock options | $	$ 670
Weighted average period	2 years 3 months 18 days
Restricted Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted average period	10 months 24 days
Unrecognized share-based compensation cost related to outstanding restricted stock | $	$ 71

Employee Benefit Plans - Additi

Employee Benefit Plans - Additional Information (Details) - USD ($) $ in Thousands	Apr. 02, 2017	Jan. 01, 2017
Other Noncurrent Liabilities
Deferred Compensation Liability [Line Items]
Deferred compensation liability	$ 305	$ 227

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
	Apr. 02, 2017	Apr. 03, 2016
Computations Of Basic And Dilutive Earnings Per Share [Line Items]
Net income attributable to Fogo de Chão, Inc.	$ 5,039	$ 5,970
Basic weighted average shares outstanding	28,212,489	28,077,537
Effect of dilutive securities:
Diluted weighted average number of shares outstanding	28,846,996	28,916,072
Basic earnings per share	$ 0.18	$ 0.21
Diluted earnings per share	$ 0.17	$ 0.21
Unvested Restricted Stock
Effect of dilutive securities:
Incremental common shares attributable to dilutive effect of share-based payment arrangements	18,468	144,150
Stock Options
Effect of dilutive securities:
Incremental common shares attributable to dilutive effect of share-based payment arrangements	616,039	694,385

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Details) - shares shares in Millions	3 Months Ended
	Apr. 02, 2017	Apr. 03, 2016
Stock Options
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Excluded stock options from the computation of diluted earnings per share	0.7	0.7

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2017	Apr. 03, 2016	Jan. 01, 2017	Jan. 03, 2016
Income Tax Disclosure [Line Items]
Income tax expense	$ 2,512	$ 2,626
Effective tax rate	33.60%	30.50%
Discrete tax benefit	$ 153
Effective discrete tax benefit	35.70%
U.S. statutory federal income tax rate	35.00%	35.00%
Cash and cash equivalents	$ 33,111	$ 21,420	$ 31,275	$ 24,919
Dutch Holding Company
Income Tax Disclosure [Line Items]
Deferred tax liability attributable to undistributed earnings	16,400
Brazil | Fogo COOP
Income Tax Disclosure [Line Items]
Aggregate undistributed earnings	46,858
Cash and cash equivalents	25,180
Netherlands | Fogo COOP
Income Tax Disclosure [Line Items]
Cash and cash equivalents	$ 1,060

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) BRL in Thousands, $ in Thousands	3 Months Ended
	Apr. 02, 2017USD ($)	Apr. 03, 2016USD ($)	Jan. 01, 2017USD ($)	Dec. 28, 2014BRL
Commitments And Contingencies [Line Items]
Operating Lease Description	These leases have initial lease terms of between ten and twenty years and generally can be extended in five-year increments. These leases generally provide for minimum annual rental payments that are subject to periodic escalations that are fixed or in some cases, based upon increases in specific inflation indexes as stipulated in the non-cancelable operating lease.
Non-cancelable operating leases extended lease term	5 years
Accrued liability for contingent rent	$ 199		$ 197
Rent Expense	5,935	$ 4,903
Contingent rent	100	62
Net decrease in rent expense	$ (46)	$ (48)
Litigation reserve | BRL				BRL 100
Minimum
Commitments And Contingencies [Line Items]
Non-cancelable operating leases initial lease term	10 years
Maximum
Commitments And Contingencies [Line Items]
Non-cancelable operating leases initial lease term	20 years

Commitments and Contingencies42

Commitments and Contingencies - Future Minimum Lease Payments for Non-cancelable Leases (Details) $ in Thousands	Apr. 02, 2017USD ($)
Commitments And Contingencies Disclosure [Abstract]
2017 (remaining)	$ 15,686
2,018	22,149
2,019	21,451
2,020	21,064
2,021	20,604
2,022	18,510
Thereafter	81,724
Total	$ 201,188

Segment Reporting - Schedule of

Segment Reporting - Schedule of Financial Information of the Company's Operation Segments (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2017	Apr. 03, 2016
Revenue
Total revenue	$ 76,355	$ 68,857
Restaurant contribution
Total segment restaurant contribution	21,194	20,824
United States
Revenue
Total revenue	66,530	60,662
Restaurant contribution
Total segment restaurant contribution	18,566	18,557
Brazil
Revenue
Total revenue	9,825	8,195
Restaurant contribution
Total segment restaurant contribution	$ 2,628	$ 2,267

Segment Reporting - Schedule 44

Segment Reporting - Schedule of Financial Information of the Company's Operation Segments (Parenthetical) (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2017	Apr. 03, 2016
Segment Reporting Information [Line Items]
Total revenue	$ 76,355	$ 68,857
United States
Segment Reporting Information [Line Items]
Total revenue	66,530	60,662
United States | Puerto Rico
Segment Reporting Information [Line Items]
Total revenue	1,080	1,116
United States | Mexican Joint Venture
Segment Reporting Information [Line Items]
Total revenue	$ 978	$ 845

Segment Reporting - Reconciliat

Segment Reporting - Reconciliation of Total Segment Restaurant Contribution to Income from Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2017	Apr. 03, 2016
Segment Reporting [Abstract]
Total segment restaurant contribution	$ 21,194	$ 20,824
Marketing and advertising costs	1,795	1,658
General and administrative costs	5,506	5,618
Pre-opening costs	1,314	508
Depreciation and amortization	4,504	3,746
Other operating (income) expense, net	167	(55)
Total other operating costs and expenses	13,286	11,475
Income from operations	$ 7,908	$ 9,349

Segment Reporting - Schedule 46

Segment Reporting - Schedule of Property and Equipment Attributable to Each Segment (Details) - USD ($) $ in Thousands	Apr. 02, 2017	Jan. 01, 2017
Segment Reporting Information [Line Items]
Property and equipment, net	$ 161,588	$ 158,850
Operating Segments
Segment Reporting Information [Line Items]
Property and equipment, net	160,526	157,829
Operating Segments | United States
Segment Reporting Information [Line Items]
Property and equipment, net	150,829	148,161
Operating Segments | Brazil
Segment Reporting Information [Line Items]
Property and equipment, net	9,697	9,668
Corporate, Non-Segment
Segment Reporting Information [Line Items]
Property and equipment, net	$ 1,062	$ 1,021

Segment Reporting - Schedule 47

Segment Reporting - Schedule of Property and Equipment Attributable to Each Segment (Parenthetical) (Details) - USD ($) $ in Thousands	Apr. 02, 2017	Jan. 01, 2017
Segment Reporting Information [Line Items]
Property and equipment, net	$ 161,588	$ 158,850
United States | Puerto Rico
Segment Reporting Information [Line Items]
Property and equipment, net	3,302	3,370
United States | Mexican Joint Venture
Segment Reporting Information [Line Items]
Property and equipment, net	$ 2,019	$ 1,912

Segment Reporting - Schedule 48

Segment Reporting - Schedule of Capital Expenditures Attributable to Each Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2017	Apr. 03, 2016
Capital expenditures
Total capital expenditures	$ 6,397	$ 7,904
United States
Capital expenditures
Total capital expenditures	6,302	7,407
Brazil
Capital expenditures
Total capital expenditures	$ 95	$ 497

Segment Reporting - Schedule 49

Segment Reporting - Schedule of Capital Expenditures Attributable to Each Segment (Parenthetical) (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2017	Apr. 03, 2016
Segment Reporting Information [Line Items]
Total capital expenditures	$ 6,397	$ 7,904
United States
Segment Reporting Information [Line Items]
Total capital expenditures	6,302	7,407
United States | Mexican Joint Venture
Segment Reporting Information [Line Items]
Total capital expenditures		7
Corporate, Non-Segment
Segment Reporting Information [Line Items]
Total capital expenditures	$ 146	$ 126

Segment Reporting - Schedule 50

Segment Reporting - Schedule of Total Assets (Details) - USD ($) $ in Thousands		Apr. 02, 2017	Jan. 01, 2017
Segment Reporting Information [Line Items]
Total assets	[1]	$ 528,257	$ 522,395
United States
Segment Reporting Information [Line Items]
Total assets		427,331	427,049
Brazil
Segment Reporting Information [Line Items]
Total assets		$ 100,926	$ 95,346
[1]	Consolidated assets as of April 2, 2017 and January 1, 2017 include total assets of $3,107 and $2,991, respectively, attributable to a consolidated joint venture that can only be used to settle the obligations of the joint venture. Consolidated liabilities as of April 2, 2017 and January 1, 2017 include total liabilities of $429 and $403 attributable to the consolidated joint venture. See Note 6.

Segment Reporting - Schedule 51

Segment Reporting - Schedule of Total Assets (Parenthetical) (Details) - USD ($) $ in Thousands		Apr. 02, 2017	Jan. 01, 2017
Segment Reporting Information [Line Items]
Total assets	[1]	$ 528,257	$ 522,395
United States
Segment Reporting Information [Line Items]
Total assets		427,331	427,049
United States | Mexican Joint Venture
Segment Reporting Information [Line Items]
Total assets		$ 3,107	$ 2,991
[1]	Consolidated assets as of April 2, 2017 and January 1, 2017 include total assets of $3,107 and $2,991, respectively, attributable to a consolidated joint venture that can only be used to settle the obligations of the joint venture. Consolidated liabilities as of April 2, 2017 and January 1, 2017 include total liabilities of $429 and $403 attributable to the consolidated joint venture. See Note 6.