Bojangles' (BOJA) 10-K 11 Mar 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 27, 2015	Mar. 01, 2016	Jun. 26, 2015
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 27, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Trading Symbol	BOJA
Entity Registrant Name	BOJANGLES', INC.
Entity Central Index Key	1,630,132
Current Fiscal Year End Date	--12-27
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		36,009,499
Entity Public Float			$ 224,000,000

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 27, 2015	Dec. 28, 2014
Current assets:
Cash and cash equivalents	$ 14,263	$ 13,201
Accounts and vendor receivables, net	4,736	4,285
Accounts receivable, related parties, net	403	736
Inventories, net	3,080	2,743
Other current assets	5,639	2,669
Total current assets	28,121	23,634
Property and equipment, net	48,137	42,478
Goodwill	161,140	161,140
Brand	290,500	290,500
Franchise rights, net	25,341	26,438
Favorable leases, net	1,394	1,908
Deferred debt issuance costs, net	2,459	2,726
Other noncurrent assets	3,673	3,819
Total assets	560,765	552,643
Current liabilities:
Accounts payable	17,893	15,639
Accrued expenses	19,086	18,479
Current maturities of long-term debt	0	0
Current maturities of capital lease obligations	5,968	4,365
Other current liabilities	2,155	1,655
Total current liabilities	45,102	40,138
Long-term debt, less current maturities	200,194	228,249
Deferred income taxes	115,028	116,589
Capital lease obligations, less current maturities	21,483	20,144
Other noncurrent liabilities	11,834	9,771
Total liabilities	$ 393,641	$ 414,891
Commitments and contingencies (notes 2, 3 and 18)
Stockholders' equity:
Preferred stock, $0.01 par value; 25,000 shares authorized and no shares issued and outstanding as of December 27, 2015, and 200 shares authorized and 100 shares issued and outstanding as of December 28, 2014		$ 172,691
Common stock, $0.01 par value; 150,000 shares authorized and 36,009 shares issued and outstanding as of December 27, 2015, and 200 shares authorized and no shares issued and outstanding as of December 28, 2014	$ 360
Additional paid-in capital	119,084	(56,220)
Retained earnings	47,661	21,135
Accumulated other comprehensive income	19	146
Total stockholders' equity	167,124	137,752
Total liabilities and stockholders' equity	$ 560,765	$ 552,643

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 27, 2015	Dec. 28, 2014
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	25,000,000	200,000
Preferred stock, shares issued	0	100,000
Preferred stock, shares outstanding	0	100,000
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	150,000,000	200,000
Common stock, shares issued	36,009,000	0
Common stock, shares outstanding	36,009,000	0

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 27, 2015	Dec. 28, 2014	Dec. 29, 2013
Revenues:
Company restaurant revenues	$ 462,138	$ 406,788	$ 353,592
Franchise royalty revenues	25,104	22,746	20,572
Other franchise revenues	960	938	998
Total revenues	488,202	430,472	375,162
Company restaurant operating expenses:
Food and supplies costs	150,563	133,191	118,563
Restaurant labor costs	126,380	112,506	99,378
Operating costs	100,916	88,476	75,160
Depreciation and amortization	11,456	9,713	9,011
Total Company restaurant operating expenses	389,315	343,886	302,112
Operating income before other operating expenses	98,887	86,586	73,050
Other operating expenses:
General and administrative	42,844	32,107	27,478
Depreciation and amortization	2,809	2,372	2,177
Impairment	1,210	484	653
Loss (gain) on disposal of property and equipment	336	60	(579)
Total other operating expenses	47,199	35,023	29,729
Operating income	51,688	51,563	43,321
Amortization of deferred debt issuance costs	(821)	(733)	(681)
Interest income	7	2	3
Interest expense	(8,314)	(9,123)	(8,401)
Income before income taxes	42,560	41,709	34,242
Income taxes	16,034	15,589	9,915
Net income	26,526	26,120	24,327
Other comprehensive income, net of tax
Change in fair value on interest rate swaps, net of income tax (expense) benefit of $79, $176, and ($327)	(127)	(268)	506
Comprehensive income	$ 26,399	$ 25,852	$ 24,833
Net income per share :
Net income per share-basic	$ 1.15
Net income per share-diluted	$ 0.71	$ 0.70	$ 0.66

Consolidated Statements of Ope5

Consolidated Statements of Operations and Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 27, 2015	Dec. 28, 2014	Dec. 29, 2013
Interest rate swaps, net of income tax benefit (expense)	$ 79	$ 176	$ (327)

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Equity - USD ($) $ in Thousands	Total	Preferred stock	Common stock	Additional paid-in capital	Retained earnings	Accumulated other comprehensive (loss)income
Beginning balance at Dec. 31, 2012	$ 184,932	$ 172,691		$ 1,560	$ 10,773	$ (92)
Net income	24,327				24,327
Change in fair value on interest rate swaps, net of income tax expense of $327,$176 and $79	506					506
Stockholder distribution ($500 per share)	(50,000)			(32,933)	(17,067)
Stock-based compensation	838			838
Ending balance at Dec. 29, 2013	160,603	172,691		(30,535)	18,033	414
Net income	26,120				26,120
Change in fair value on interest rate swaps, net of income tax expense of $327,$176 and $79	(268)					(268)
Stock option settlement	(172)			(172)
Stockholder distribution ($500 per share)	(50,000)			(26,982)	(23,018)
Excess tax benefits from stock-based payment arrangements	49			49
Stock-based compensation	1,420			1,420
Ending balance at Dec. 28, 2014	$ 137,752	172,691		(56,220)	21,135	146
Ending balance (Shares) at Dec. 28, 2014	0
Net income	$ 26,526				26,526
Change in fair value on interest rate swaps, net of income tax expense of $327,$176 and $79	$ (127)					(127)
Stock option exercise (in shares)	105,663		106,000
Stock option exercise	$ 330		$ 1	329
Excess tax benefits from stock-based payment arrangements	680			680
Conversion of preferred stock to common stock (Shares)			35,903,000
Conversion of preferred stock to common stock		$ (172,691)	$ 359	172,332
Stock-based compensation	1,963			1,963
Ending balance at Dec. 27, 2015	$ 167,124		$ 360	$ 119,084	$ 47,661	$ 19
Ending balance (Shares) at Dec. 27, 2015	36,009,000		36,009,000

Consolidated Statement of Stoc7

Consolidated Statement of Stockholders' Equity (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 28, 2014	Dec. 29, 2013
Change in fair value on interest rate swaps, tax	$ (176)	$ 327
Stockholder distribution per share	$ 500	$ 500

Consolidated Statements of Cash

Consolidated Statements of Cash Flows $ in Thousands	12 Months Ended
	Dec. 27, 2015USD ($)	Dec. 28, 2014USD ($)	Dec. 29, 2013USD ($)
Cash flows from operating activities:
Net income	$ 26,526	$ 26,120	$ 24,327
Adjustments to reconcile net income to net cash provided by operating activities:
Deferred income tax benefit	(1,992)	(980)	(2,912)
Depreciation and amortization	14,265	12,085	11,188
Amortization of deferred debt issuance costs	821	733	681
Impairment	1,210	484	653
Loss (gain) on disposal of property and equipment	336	60	(579)
Provision for doubtful accounts	239	78	80
Provision for inventory spoilage	23	9	29
Provision (benefit) for closed stores	36	102	(50)
Stock-based compensation	1,963	1,420	838
Excess tax benefit from stock-based compensation	(680)	(49)
Changes in operating assets and liabilities:
Accounts and vendor receivables	(357)	(2,264)	(206)
Inventories	(360)	(421)	(590)
Other assets	662	(698)	374
Income taxes	(1,352)	(939)	724
Investments for nonqualified deferred compensation plan	(425)	(371)	(444)
Accounts payable and accrued expenses	2,860	6,624	2,956
Closed store obligation and deferred rents	1,499	1,295	1,072
Vendor advance		(1,678)	(357)
Deferred revenue	120	(47)	(5)
Deferred compensation	425	371	444
Other noncurrent liabilities	(293)	(291)	(293)
Net cash provided by operating activities	45,526	41,643	37,930
Cash flows from investing activities:
Purchases of franchisee's assets	(186)	(3,187)
Purchases of property and equipment	(12,047)	(7,495)	(9,431)
Proceeds from disposition of property and equipment	47	13	812
Net cash used in investing activities	(12,186)	(10,669)	(8,619)
Cash flows from financing activities:
Proceeds from borrowings on long-term debt		50,000	50,000
Principal payments on long-term debt	(28,055)	(21,376)	(25,375)
Debt issuance costs	(554)	(720)	(620)
Distribution to stockholders		(50,000)	(50,000)
Stock option settlement		(172)
Stock option exercise	330
Excess tax benefit from stock-based compensation	680	49
Principal payments on capital lease obligations	(4,679)	(4,010)	(3,466)
Net cash used in financing activities	(32,278)	(26,229)	(29,461)
Net increase (decrease) in cash and cash equivalents	1,062	4,745	(150)
Cash and cash equivalents balance, beginning of fiscal year	13,201	8,456	8,606
Cash and cash equivalents balance, end of fiscal year	14,263	13,201	8,456
Supplemental cash flow disclosures:
Non-cash conversion of preferred stock into common stock	172,691
Cash paid for interest	8,395	8,972	8,475
Cash paid for income taxes	19,378	17,508	12,104
Assets acquired under capital leases	7,815	6,452	5,606
Net change in assets under financing obligations	657	(1,990)	2,927
Reduction of capital lease obligations upon return of assets	$ 148	$ 120	$ 124

Description of Business and Org

Description of Business and Organization and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 27, 2015
Description of Business and Organization and Summary of Significant Accounting Policies	(1) Description of Business and Organization and Summary of Significant Accounting Policies (a) Description of Business and Organization Bojangles’, Inc. (formerly known as BHI Holding Corp.) (together with its subsidiaries, “Bojangles’”, the “Company”, “we” or “our”) was formed on June 28, 2011 as a Delaware corporation. The Company’s principal business is the operations and development and franchising, as franchisor, of limited service restaurants. As of December 27, 2015, there were 281 Company-operated restaurants, 61 related party franchised restaurants, and 320 independent franchised restaurants operating under the Bojangles’ ® On July 24, 2015, the Company completed a merger of BHI Intermediate Holding Corp. (“BHIH”), a Delaware corporation and a wholly-owned subsidiary of the Company, with and into the Company (the “Merger”). The following is the number of Bojangles’ franchised, Company-operated Fiscal Year Ended December 27, 2015 December 28, 2014 Franchised Company- System- Franchised Company- System- Restaurants at the beginning of the fiscal year 368 254 622 352 225 577 Opened during the fiscal year 34 29 63 28 24 52 Closed during the fiscal year (20 ) (3 ) (23 ) (4 ) (3 ) (7 ) Refranchised during the fiscal year (1 ) 1 — (8 ) 8 — Restaurants at the end of the fiscal year 381 281 662 368 254 622 A relocation results in a closure and an opening. During the fiscal years ended December 27, 2015 and December 28, 2014, our franchisees closed 20 and 4 restaurants, respectively, of which 7 and 1, respectively, were relocations. During each of the fiscal years ended December 27, 2015 and December 28, 2014, we closed 3 Company-operated restaurants, of which 3 and 2, respectively, were relocations. (b) Basis of Presentation and Consolidation The consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles and practices of the United States of America (“GAAP”) and include our accounts and the accounts of our wholly-owned subsidiaries. The Company consolidates entities in which we have a controlling financial interest, the usual condition of which is ownership of a majority voting interest. All significant intercompany accounts and transactions are eliminated in consolidation. Certain prior period balances have been reclassified to conform to current period presentation. (c) Fiscal Year The Company operates on a 52- or 53-week fiscal year ending on the last Sunday of December. Each of the fiscal years ended December 27, 2015, December 28, 2014 and December 29, 2013 consisted of 52 weeks. (d) Use of Accounting Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of certain assets and liabilities and disclosures of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Accordingly, the actual amounts could differ from those estimates. Any adjustments applied to estimated amounts are recognized in the fiscal year in which such adjustments are determined. (e) Segment Information We have determined that we have one operating segment, therefore, one reportable segment. Our chief operating decision maker (“CODM”) is our Chief Executive Officer; our CODM reviews financial performance and allocates resources at a consolidated level on a recurring basis. All of our assets are located in the United States of America. (f) Business Combinations We account for business combinations using the acquisition method. As of the acquisition date, the acquirer recognizes, separately from goodwill, the identifiable assets acquired, the liabilities assumed, and any non-controlling interest in the acquiree. Goodwill is initially measured at cost, being the excess of the cost of acquisition over the fair value of the net identifiable assets acquired and liabilities assumed. The cost of an acquisition is measured as the aggregate of the consideration transferred, measured at acquisition date fair value and the amount of any non-controlling interest in the acquiree. If the cost of acquisition is lower than the fair value of the net identifiable assets, the difference is recognized in profit or loss. Acquisition costs are expensed as incurred. (g) Fair Value Measurements The Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible. The Company determines fair value based on assumptions that market participants would use in pricing an asset or liability in the principal or most advantageous market. When considering market participant assumptions in fair value measurements, the following fair value hierarchy distinguishes between observable and unobservable inputs, which are categorized in one of the following levels: • Level 1 Inputs: Unadjusted quoted prices in active markets for identical assets or liabilities accessible to the reporting entity at the measurement date. • Level 2 Inputs: Other than quoted prices included in Level 1 inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability. • Level 3 Inputs: Unobservable inputs for the asset or liability used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at the measurement date. In instances whereby inputs used to measure fair value fall into different levels in the above fair value hierarchy, fair value measurements in their entirety are categorized based on the lowest level input that is significant to the valuation. The Company’s assessment of the significance of particular inputs to these fair value measurements requires judgment and considers factors specific to each asset or liability. (h) Cash and Cash Equivalents The Company considers all highly liquid investments purchased with an original maturity of three months or less and credit card receivables to be cash and cash equivalents. (i) Accounts and Vendor Receivables and Allowance for Doubtful Accounts Accounts receivables consist of franchisee receivables from external and related parties, which are recorded at invoiced amounts, and other receivables. Royalty receivables are recorded at amounts earned based upon rates set forth in the related franchise agreements. Vendor receivables consist of amounts due from certain beverage vendors related to long-term beverage supply agreements. Pursuant to the terms of these arrangements, marketing rebates are provided to the Company from the beverage vendors based upon the volume of purchases for Company-operated restaurants. For Company-operated restaurants, these incentives are recognized as earned throughout the year and are classified as a reduction of food and supplies costs in the consolidated statements of operations and comprehensive income. The Company maintains allowances, which management believes are adequate to absorb estimated losses to be incurred in realizing the recorded amounts of its accounts and vendor receivables. These allowances are determined by management based primarily on an analysis of collectability of individual accounts, historical trends and current economic conditions. On a continuing basis, management analyzes delinquent receivables, and once these receivables are determined to be uncollectible, they are written off either against an existing allowance account or as a direct charge to the consolidated statement of operations. (j) Inventories, Net Inventories, net consist of food and paper products and are stated at lower of cost or market. The cost of inventories is determined on a first-in, first-out basis. The Company maintains a provision for inventory spoilage. Marketing and maintenance supplies are expensed as purchased. (k) Derivative Instruments and Hedging Activities The Company recognizes all derivative instruments as either assets or liabilities in the consolidated balance sheets at their respective fair values. For derivatives designated in hedging relationships, changes in the fair value are either offset through earnings against the change in fair value of the hedged item attributable to the risk being hedged or recognized in accumulated other comprehensive income (loss), to the extent the derivative is effective at offsetting the changes in cash flows being hedged until the hedged item affects earnings. The Company only enters into derivative contracts that it intends to designate as a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability (cash flow hedge). For all hedging relationships, the Company formally documents the hedging relationship and its risk-management objective and strategy for undertaking the hedge, the hedging instrument, the hedged transaction, the nature of the risk being hedged, how the hedging instrument’s effectiveness in offsetting the hedged risk will be assessed prospectively and retrospectively, and a description of the method used to measure ineffectiveness. The Company also formally assesses, both at the inception of the hedging relationship and on an ongoing basis, whether the derivatives that are used in hedging relationships are highly effective in offsetting changes in cash flows of hedged transactions. For derivative instruments that are designated and qualify as part of a cash flow hedging relationship, the effective portion of the gain or loss on the derivative is reported as a component of other comprehensive income (loss) and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Gains and losses on the derivative representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness are recognized in current earnings. The Company discontinues hedge accounting prospectively when it determines that the derivative is no longer effective in offsetting cash flows attributable to the hedged risk, the derivative expires or is sold, terminated, or exercised, the cash flow hedge is dedesignated because a forecasted transaction is not probable of occurring, or management determines to remove the designation of the cash flow hedge. In all situations in which hedge accounting is discontinued and the derivative remains outstanding, the Company continues to carry the derivative at its fair value on the consolidated balance sheets and recognizes any subsequent changes in its fair value in earnings. When it is probable that a forecasted transaction will not occur, the Company discontinues hedge accounting and recognizes immediately in earnings gains and losses that were accumulated in other comprehensive income (loss) related to the hedging relationship. (l) Impairment of Long-Lived Assets Long-lived assets, such as property and equipment, and purchased intangible assets subject to depreciation and amortization, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If circumstances require a long-lived asset or asset group be tested for possible impairment, the Company first compares undiscounted cash flows expected to be generated by that asset or asset group to its carrying value. If the carrying value of the long-lived asset or asset group is not recoverable on an undiscounted cash flow basis, an impairment is recognized to the extent that the carrying value exceeds its fair value. Fair value is determined through various valuation techniques, including discounted cash flow models, quoted market values and third-party independent appraisals, as considered necessary. (m) Property and Equipment Property and equipment are recorded at cost. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. Capital leases are recorded at the lesser of the estimated fair value or the present value of amounts due under the lease. Buildings, equipment and vehicles under capital leases are amortized over the shorter of the estimated useful life of the asset or the lease term. Maintenance and repairs that do not improve or extend the useful lives of the assets are not considered assets and are charged to expense when incurred. Provisions for depreciation are made using the straight-line method over an asset’s estimated useful life: up to 40 years for buildings; up to 5 years for furniture, fixtures and equipment; up to 3 years for computer hardware and software; and in the case of leasehold improvements and capital lease assets, the lesser of the economic life of the asset or the lease term. (n) Leases The Company leases restaurant land and buildings, certain restaurant, office and point-of-sale equipment, office space and vehicles. We define a lease term as the initial term of the lease, plus any renewals covered by bargain renewal options or that are reasonably assured of exercise because non-renewal would create an economic penalty. Additionally, we review leases for which we are involved in construction to determine whether build-to-suit and sale-leaseback criteria are met. For those leases that trigger specific build-to-suit accounting, developer assets are recorded during the construction period with an offsetting liability as financing lease obligations. Assets we acquire as lessee under capital leases are stated at the lower of the present value of future minimum lease payments or fair market value at the date of inception of the lease. Capital lease assets are amortized using the straight-line method over the shorter of the useful life of the asset or the underlying lease term. We record rent expense and income from operating leases that contain rent holidays or scheduled rent increases on a straight-line basis over the lease term. Contingent rentals are generally based on sales levels in excess of stipulated amounts, and thus are not considered minimum lease payments at lease inception. Favorable and unfavorable operating leases are recorded in connection with the acquisition method of accounting. We amortize favorable and unfavorable leases on a straight-line basis over the remaining term of the leases, as determined at the acquisition date. Upon early termination of a lease, the write-off of the favorable or unfavorable lease carrying value associated with the lease is recognized as a loss or gain within other operating expenses in the consolidated statements of operations. Amortization of favorable and unfavorable leases on Company restaurants is included in operating costs within company restaurant operating expenses in the consolidated statements of operations. (o) Goodwill and Indefinite-Lived Intangible Assets Goodwill and indefinite-lived intangible assets are not amortized, but are tested for impairment on an annual basis or more frequently when circumstances arise indicating that a particular asset may be impaired. Goodwill represents the excess of the cost of the business acquired over the fair value of its net assets at the date of acquisition. The Company accounts for goodwill under ASC 350 , Intangibles—Goodwill and Other The Company performs its annual impairment review of goodwill and Brand at December 1 and when a triggering event occurs between annual impairment tests and records any resulting impairment. An impairment occurs if the carrying amount of goodwill or Brand exceeds the estimated fair value. The impairment evaluation for goodwill includes a comparison of the fair value of the Company’s reporting unit with the carrying value. The Company’s reporting unit is deemed to be Bojangles’, Inc. as the Company is operating under one segment. The Company estimates the fair value of its reporting unit using a discounted cash flow model. The operating assumptions used in the discounted cash flow model are generally consistent with the reporting unit’s past performance and with the projections and assumptions that are used in the Company’s current operating plans. Such assumptions are subject to change as a result of changing economic and competitive conditions. If the reporting unit’s carrying value exceeds its fair value, goodwill is written down to its implied fair value. The Company has determined that no impairment of goodwill and indefinite-lived intangible assets occurred during the fiscal years ended December 27, 2015, December 28, 2014 and December 29, 2013. (p) Other Intangibles, Net—definite-lived Definite-lived intangible assets primarily consist of deferred debt issuance costs, franchise rights, and favorable and unfavorable leases and are amortized over the term of the related debt, franchise contracts, or leases. The Company’s definite-lived intangible assets (primarily franchise rights) are amortized on a straight-line basis over 1 to 38 years based on the remaining life of the original franchise agreement or lease agreement. Favorable leases represents the asset in excess of the approximate fair market value of the leases assumed as of July 25, 2011, the effective date of the Acquisition (“Acquisition”). The amount is being amortized on a straight-line basis over the remaining term of the leases. Unfavorable leases represents the liability in excess of the approximate fair market value of the leases assumed as of July 25, 2011, the effective date of the Acquisition. The amount is being amortized on a straight-line basis over the remaining term of the leases. (q) Income Taxes Amounts in the financial statements related to income taxes are calculated using the principles of ASC Topic 740, Income Taxes We recognize positions taken or expected to be taken in a tax return, in the financial statements when it is more likely than not (i.e., a likelihood of more than fifty percent) that the position would be sustained upon examination by tax authorities. A recognized tax position is then measured at the largest amount of benefit with greater than fifty percent likelihood of being realized upon ultimate settlement. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company records interest related to uncertain tax positions in interest expense and penalties in general and administrative expenses. The Company’s uncertain tax positions are not significant. (r) Closed Store Obligation The Company records obligations for closed stores that are under long-term lease agreements in accordance with ASC 420-10, Exit or Disposal Cost Obligations (s) Comprehensive Income/(Loss) Comprehensive income (loss) is net income plus the change in fair value of the Company’s cash flow hedges, net of income taxes, discussed in Note 2. Amounts included in accumulated other comprehensive income (loss) for the Company’s derivative instruments are recorded net of the related income tax effects. As of December 27, 2015, December 28, 2014 and December 29, 2013, accumulated other comprehensive income consisted of net unrealized gains on interest rate swap agreements. See Note 2 for further discussion of the Company’s interest rate swap agreements. (t) Revenue Recognition The Company generates revenues from two sources: (i) retail sales at company-operated restaurants; and (ii) franchise revenues, consisting of royalties based on a percentage of sales reported by franchise restaurants and franchise fees paid by franchisees. Revenue of Company-operated restaurants is primarily recognized as customers pay for products at the point of sale. The Company reports revenue net of sales and use taxes collected from customers and remitted to governmental taxing authorities. The Company accounts for initial franchisee fees in accordance with ASC 952, Franchisors (u) Store Opening Costs All costs, both direct and indirect, incurred to open Company-operated stores, such as new employee training, initial print materials, marketing, payroll expenses and rent incurred in connection with new restaurant openings are expensed in the period incurred. (v) Rent Expense Rent expense for operating leases that contain rent holidays or scheduled rent increases is recognized on a straight-line basis over the term of the respective lease. Contingent rentals are generally based on sales levels in excess of stipulated amounts, and thus are not considered minimum lease payments at lease inception. Favorable lease assets and unfavorable lease liabilities were recorded in connection with the Acquisition in 2011. The Company amortizes favorable and unfavorable leases on a straight-line basis over the remaining term of the leases. Upon early termination of a lease, the write-off of the favorable or unfavorable lease carrying value associated with the lease is recognized as a loss or gain in the consolidated statements of operations and comprehensive income. (w) Advertising Costs Company restaurants and franchise restaurants contribute to various advertising funds that we manage. The franchise portion of contributions to the marketing development fund and various co-operative advertising funds the Company manages has no impact on our statement of operations and comprehensive income. All domestic franchise restaurants contribute to the marketing development fund managed by the Company. Franchisees contributed $4.8 million, $4.3 million and $3.9 million to the marketing development fund for the fiscal years ended December 27, 2015, December 28, 2014 and December 29, 2013, respectively. The marketing development fund had $0, $0.4 million and $0 in unspent funds from both franchise and Company contributions included in the consolidated balance sheets as of December 27, 2015, December 28, 2014 and December 29, 2013, respectively. Various franchise restaurants contribute to various co-operative advertising funds managed by the Company. Franchisees contributed $5.8 million, $5.0 million and $4.0 million to various co-operative advertising funds managed by the Company for the fiscal years ended December 27, 2015, December 28, 2014 and December 29, 2013, respectively, and $0.1 million, $17 thousand and $34 thousand of unspent funds were included in the consolidated balance sheets as of December 27, 2015, December 28, 2014 and December 29, 2013, respectively. Advertising and promotional costs incurred by the Company are expensed in the period incurred. (x) Employee Benefit Plans The Company adopted a defined contribution plan, the “401(k) Plan.” Under the provisions of the plan, the Company currently matches 50% of the first 5% of the employee contributions to the 401(k) Plan. Participants are 100% vested in their own contributions. The Company’s rabbi trust plan is a non-qualified deferred compensation plan which allows certain eligible employees to defer a portion of their base salary and variable compensation each plan year. To offset its obligation, the Company has established fully funded participant directed investment accounts. (y) Stock-Based Compensation Under the provisions of ASC 718, Compensation—Stock Compensation The fair value of each option award is estimated using a Black-Scholes-Merton option-pricing model. The fair value of stock-based compensation is amortized either on the graded vesting attribution method or on the cliff vesting attribution method depending on the specific award. In the fiscal years ended December 27, 2015, December 28, 2014 and December 29, 2013, the stock-based compensation expense of $2.0 million, $1.4 million and $0.8 million, respectively is included in general and administrative expenses in the consolidated statements of operations and comprehensive income. (z) Computation of Net Income per Share Basic net income per share is computed by dividing net income by the weighted daily average number of shares of common stock outstanding during the period. In periods when the Company generates net income from continued operations, diluted net income per share is based upon the weighted daily average number of shares of common stock outstanding for the period plus dilutive potential common shares including stock options, restricted stock units, and warrants to purchase common stock, using the treasury-stock method and from convertible stock using the “if converted” method. (aa) New Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers In June 2014, the FASB issued ASU 2014-12, Compensation—Stock Compensation (Topic 718) In April 2015, FASB issued ASU 2015-03, Interest—Imputation of Interest In July 2015, the FASB issued ASU 2015-11, Inventory (Topic 330) In November 2015, the FASB issued ASU No. 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) The FASB has recently issued or discussed a number of proposed standards on such topics as consolidation, financial statement presentation, financial instruments and hedging. Some of the proposed changes are significant and could have a material impact on our reporting. The Company has not yet fully evaluated the potential impact of all these proposals, but will make such an evaluation as the standards are finalized.

Long-Term Debt

Long-Term Debt	12 Months Ended
	Dec. 27, 2015
Long-Term Debt	(2) Long-Term Long-term December 27, December 28, Term Loan $ 200,194 228,249 Revolving line of credit — — Total long-term debt 200,194 228,249 Less: Current maturities of long term debt — — Long-term debt, less current maturities $ 200,194 228,249 (a) Term Loan and Revolving Line of Credit On October 9, 2012, the Company entered into a credit agreement (“Credit Agreement”) with several financial institutions, collateralized by all of the assets of the Company. The Credit Agreement, provided for borrowings under a term loan of $175.0 million and a revolving line of credit up to $25.0 million with a maturity date of October 9, 2017. On May 15, 2013, the Credit Agreement was amended for an additional term loan to allow the Company to borrow an additional $50.0 million, the proceeds of which were used to fund a distribution to the Series A Preferred Stock stockholders of the Company. On April 11, 2014, the Credit Agreement was amended for an additional term loan to allow the Company to borrow an additional $50.0 million with a maturity date on the term loan and revolver extended to October 9, 2018, the proceeds of which were used to fund a distribution to the Series A Preferred Stock stockholders of the Company. On July 23, 2015, in order to permit the Merger, the Company entered into Amendment No. 3 to the Credit Agreement (“Amendment No. 3”). Amendment No. 3, among other things, deemed the Company (as successor-in-interest to BHIH), as of the Merger effective date, to be a party to the Credit Agreement as a “Guarantor” and “Loan Party” thereunder. The Credit Agreement was further amended on September 25, 2015 (“Amendment No. 4”), to, among other things, extend the maturity date on the Credit Agreement for two additional years to October 9, 2020 and lower the Applicable Rate (as defined in Amendment No. 4). During the term of the Credit Agreement, the Company is allowed to borrow amounts under base rate or Eurodollar rate loans. Base rate loans are charged interest at the higher of the Bank of America’s prime rate, the Federal Funds Rate plus 0.50%, or the LIBOR rate for one month loans plus 1.00% and an applicable rate. The applicable rate for base rate loans was 1.25% and 1.75% as of December 27, 2015 and December 28, 2014, respectively. As of December 27, 2015 and December 28, 2014, Bank of America’s prime rate was the highest of the three rates at 3.50% as of December 27, 2015 and 3.25% as of December 28, 2014 that resulted in a total interest rate of 4.75% and 5.00% as of December 27, 2015 and December 28, 2014, respectively. Interest on base rate loans is due on each calendar quarter end, with the same principal maturity date as the Credit Agreement. Base rate loans may be repaid or converted to a Eurodollar rate loan at any time during the term of the Credit Agreement without penalty. Eurodollar rate loans may be entered or converted into one, two, three, or six month periods. The Eurodollar rate loans are charged interest at the LIBOR rate on the effective date for the period selected, plus an applicable rate. The applicable rate for Eurodollar rate loans was 2.25% and 2.75% as of December 27, 2015 and December 28, 2014, respectively. As of December 27, 2015, the one, two, three, and six month LIBOR rates were 0.42%, 0.51%, 0.60%, and 0.83%, respectively. As of December 28, 2014, the one, two, three, and six month LIBOR rates were 0.17%, 0.21%, 0.26%, and 0.36%, respectively. As the Eurodollar rate loans mature, they may be converted into new Eurodollar rate loans, converted into base rate loans or repaid. As of December 27, 2015, there were outstanding balances under the term loan in one-month Eurodollar loans of $200.2 million, all of which were accruing interest at a rate of approximately 2.48%. As of December 28, 2014, there were outstanding balances under the term loan in one-month Eurodollar loans of $228.2 million, all of which were accruing interest at a rate of approximately 2.91%. As of December 27, 2015 and December 28, 2014, there were no outstanding balances under the revolving line of credit. (b) Debt Covenants Pursuant to the Credit Agreement, certain covenants restrict the Company from exceeding a maximum consolidated total lease adjusted leverage ratio, require the Company to maintain a minimum consolidated fixed charge coverage ratio, and place certain limitations on cash capital expenditures. The Company was not in violation of any covenants under the Credit Agreement as of December 27, 2015. (c) Contractual Principal Payments Contractual aggregate required principal payments on the term loans payable at December 27, 2015 are as follows (in thousands): For the fiscal year ended: 2016 $ — 2017 19,187 2018 12,882 2019 19,063 2020 149,062 Thereafter — Total $ 200,194 (d) Interest Rate Swap Agreements In order to minimize the effect of changes in LIBOR under the Credit Agreement, the Company has entered into three variable-to-fixed interest rate swap agreements. On May 17, 2013, the Company entered into an interest rate swap contract with an effective date of November 30, 2015, a termination date of September 29, 2017 and a notional amount of $50.0 million, under which the Company pays a fixed interest rate of 1.3325% and receives the one-month LIBOR rate. Also on May 17, 2013, the Company entered into a second interest rate swap contract with an effective date of May 31, 2013, a termination date of May 31, 2017 and a notional amount of $25.0 million, under which the Company pays interest fixed at 0.70125% and receives the one-month LIBOR rate. On October 26, 2015, the Company entered into a third interest rate swap contract with an effective date of October 30, 2015, a termination date of October 31, 2019 and a notional amount of $50.0 million, under which the Company pays interest fixed at 1.115% and receives the one-month LIBOR rate. The activity in accumulated other comprehensive income is as follows (in thousands): Fiscal Year Ended December 27, December 28, Opening balance, accumulated other comprehensive income $ 146 414 Unrealized loss from effective interest rate swaps, net of tax (127 ) (268 ) Ending balance, accumulated other comprehensive income $ 19 146

Leases

Leases	12 Months Ended
	Dec. 27, 2015
Leases	(3) Leases The Company’s agreement with a financial institution providing up to $5.0 million for leasing of equipment with a remaining capacity of approximately $2.1 million available as of December 28, 2014 was scheduled to expire on March 1, 2015. In March 2015, the financial institution agreed to provide up to $5.0 million for leasing of equipment through March 1, 2016. In September 2015, the financial institution agreed to provide up to an additional $3.5 million for leasing of equipment through March 1, 2016. Under this leasing arrangement, each of the scheduled leases has a 60 month term, a fixed interest rate equal to the interest rate swap for a 2.61 year weighted average life as published by the Bloomberg Swap report on the lease commencement date for the specific equipment project plus 300 basis points, and a bargain purchase option at the end of the lease of $1. As a result of the bargain purchase option, the Company has classified the leases under this leasing arrangement as capital leases. The Company’s agreement with another financial institution providing up to $2.5 million for leasing of equipment with a remaining capacity of approximately $1.1 million available as of December 28, 2014 was scheduled to expire on December 31, 2014. In March 2015, the financial institution agreed to provide up to $1.8 million for leasing of equipment through January 31, 2016. In October 2015, the financial institution agreed to provide up to an additional $1.4 million for leasing of equipment through April 30, 2016. Under this leasing arrangement, each of the scheduled leases has a 60 month term, a fixed interest rate equal to the 32 month interpolated interest rate swap on the lease commencement date for the specific equipment project plus 391 basis points, and a bargain purchase option at the end of the lease of $1. As a result of the bargain purchase option, the Company has classified the leases under this leasing arrangement as capital leases. Various lease agreements provide for contingent rent based on the excess of a percentage of annual sales over minimum annual rent. Annual rents on other restaurants are based on a percentage of restaurant revenue with no stated minimum. Total rent expense, which is included in operating costs in the consolidated statements of operations and comprehensive income, was as follows (in thousands): Fiscal Year Ended December 27, December 28, December 29, Minimum land, building, equipment, and auto rental expense $ 34,781 30,763 26,033 Contingent and percentage rental expense 1,017 943 1,047 Subtotal 35,798 31,706 27,080 Less subleases (1,570 ) (1,867 ) (1,813 ) Total rent expense $ 34,228 29,839 25,267 The following is a schedule by years of future minimum rental payments required under operating leases that have initial or remaining non-cancelable lease terms in excess of one year, and the future minimum lease payments under capital leases together with the present value of the net minimum capital lease payments (in thousands): Capital Operating Total For the fiscal year ending: 2016 $ 7,520 35,895 43,415 2017 7,036 35,053 42,089 2018 6,163 33,555 39,718 2019 4,664 32,666 37,330 2020 2,858 31,465 34,323 Thereafter 4,696 183,748 188,444 Future minimum lease payments 32,937 $ 352,382 385,319 Less amounts representing interest (5,486 ) Present value of net minimum capital lease payments 27,451 Less current portion (5,968 ) Noncurrent portion $ 21,483 The total future minimum lease payments include guaranteed residual values of $0.8 million related to various leased vehicles. The total future minimum lease payments have not been reduced by the future minimum sublease rentals due from lessees. The following are the future minimum sublease rentals due from lessees (in thousands): For the fiscal year ended: 2016 $ 1,456 2017 1,335 2018 1,068 2019 927 2020 794 Thereafter 1,890 Total $ 7,470 Favorable and unfavorable operating leases are recorded in connection with the acquisition method of accounting. Favorable leases are amortized on a straight-line basis over the remaining term of the leases, with amortization expense included in operating costs in the consolidated statements of operations and comprehensive income. Unfavorable leases are amortized on a straight-line basis over the remaining term of the leases, with a reduction in operating costs in the consolidated statements of operations and comprehensive income. Amortization of favorable and unfavorable leases on Company restaurants was $0.1 million, $0.2 million and $0.3 million for the fiscal years ended December 27, 2015, December 28, 2014 and December 29, 2013, respectively. The Company also recognized a loss for the termination of favorable leases of $0.1 million, $0 and $0.2 million in the consolidated statements of operations and comprehensive income for the fiscal years ended December 27, 2015, December 28, 2014 and December 29, 2013, respectively. Favorable leases, net of accumulated amortization totaled $1.4 million and $1.9 million as of December 27, 2015 and December 28, 2014, respectively. Unfavorable leases, net of accumulated amortization totaled $1.8 million and $2.1 million as of December 27, 2015 and December 28, 2014, respectively. Estimated future amortization expense (benefit) of favorable and unfavorable leases is as follows (in thousands): For the fiscal year ended: 2016 $ 105 2017 37 2018 15 2019 (45 ) 2020 (142 ) Thereafter (393 ) Total $ (423 )

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 27, 2015
Stockholders' Equity	(4) Stockholders’ Equity As of December 27, 2015, the Company is authorized to issue 150.0 million shares of $0.01 par value common stock and 25.0 million shares of $0.01 par value preferred stock. As of December 27, 2015, there were 36.0 million shares of the Company’s common stock outstanding. As of December 27, 2015, there were no shares of the Company’s preferred stock outstanding. On May 13, 2015, the Company completed its initial public offering of approximately 8.9 million shares of common stock at a price to the public of $19.00 per share (the “IPO”), including approximately 1.2 million shares sold to the underwriters pursuant to their option to purchase additional shares. All of the shares of the Company’s common stock offered as part of the IPO were sold by selling stockholders. Accordingly, the Company did not receive any proceeds from the sale of the shares. Prior to the consummation of the IPO (i) a 359.03843-for-1 stock split of the Company’s common stock was effected (subject to rounding to eliminate any fractional shares), (ii) the conversion ratio of the Company’s Series A Preferred Stock was automatically adjusted as a result of the stock split in accordance with certain anti-dilution provisions in the Company’s certificate of incorporation and (iii) each share of the Company’s Series A Preferred Stock converted into 359.03843 shares of the Company’s common stock (subject to rounding to eliminate any fractional shares). All share and per-share data herein have been adjusted to reflect the stock split as though it had occurred prior to the earliest data presented. Holders of the Company’s common stock are entitled to (i) one vote for each share held of record on all matters submitted to a vote of stockholders, (ii) receive ratably any dividends, when and if declared by the board of directors out of funds legally available therefore and (iii) receive ratably, based on the number of shares of common stock held, the remaining assets available for distribution, after payment in full of all amounts required to be paid to creditors and to the holders of preferred stock having liquidation preferences, if any.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 27, 2015
Fair Value Measurements	(5) Fair Value Measurements The following methods and assumptions were used to estimate the fair value of each class of financial instruments: • Cash and cash equivalents, trade accounts and vendor receivables, other assets (nonderivatives), notes payable to financial institutions, trade accounts payable, and accrued expenses (nonderivatives): The carrying amounts, at face value or cost plus accrued interest, approximate fair value because of the short maturity of these instruments. • Interest rate swaps: The fair value of interest rate swaps is determined using an income approach using the following significant inputs: the term of the swaps, the notional amount of the swaps, and the rate on the fixed leg of the swaps. There were three interest rate swaps outstanding as of December 27, 2015. The following table presents financial assets and liabilities measured at fair value on a recurring basis, which include derivatives designated as cash flow hedging instruments, and other investments, which consists of money market accounts and mutual funds held in a rabbi trust established by the Company to fund a portion of the Company’s current and future obligations under its deferred compensation plan (in thousands): Carrying Quoted Prices Significant Significant Fair value measurement as of December 27, 2015: Investments for nonqualified deferred compensation plan (included with other noncurrent assets on the consolidated balance sheets) $ 2,628 2,628 — — Interest rate swap (included with other noncurrent assets on the consolidated balance sheets) 437 — 437 — Interest rate swap (included with other noncurrent liabilities on the consolidated balance sheets) (405 ) — (405 ) — Fair value measurement as of December 28, 2014: Investments for nonqualified deferred compensation plan (included with other noncurrent assets on the consolidated balance sheets) $ 2,202 2,202 — — Interest rate swap (included with other noncurrent assets on the consolidated balance sheets) 338 — 338 — Interest rate swap (included with other noncurrent liabilities on the consolidated balance sheets) (100 ) — (100 ) — There were no transfers into or out of Level 1 and Level 2 fair value measurements during the fiscal years ended December 27, 2015 and December 28, 2014. The Company’s investments for the nonqualified deferred compensation plan are comprised of investments held in a rabbi trust. These investments consist of money market funds and mutual funds and the fair value measurements are derived using quoted prices in active markets for the specific funds which are based on Level 1 inputs of the fair value hierarchy. The Company’s interest rate swaps are valued using a discounted cash flow analysis that incorporates observable market parameters, such as interest rate yield curves and currency rates, classified as Level 2 within the valuation hierarchy. Derivative valuations incorporate credit risk adjustments that are necessary to reflect the probability of default by us or the counterparty.

Accounts and Vendor Receivables

Accounts and Vendor Receivables, Net	12 Months Ended
	Dec. 27, 2015
Accounts and Vendor Receivables, Net	(6) Accounts and Vendor Receivables, Net Accounts and vendor receivables consist of the following (in thousands): December 27, December 28, Accounts receivable $ 3,097 2,770 Vendor receivables 1,968 1,682 Allowance for doubtful accounts (329 ) (167 ) Accounts and vendor receivables, net $ 4,736 4,285 Accounts receivable, related parties $ 425 774 Allowance for doubtful accounts (22 ) (38 ) Accounts receivable, related parties, net $ 403 736 The change in allowances for doubtful accounts is as follows: Beginning balance $ 205 137 Bad debt expense, net 239 78 Write-offs and other (93 ) (10 ) Ending balance $ 351 205

Inventories, Net

Inventories, Net	12 Months Ended
	Dec. 27, 2015
Inventories, Net	(7) Inventories, Net Inventories, net consist of the following (in thousands): December 27, December 28, Food, net $ 2,421 2,123 Paper, net 659 620 Inventories, net $ 3,080 2,743

Other Current Assets

Other Current Assets	12 Months Ended
	Dec. 27, 2015
Other Current Assets	(8) Other Current Assets Other current assets consist of the following (in thousands): December 27, December 28, Income taxes refundable $ 2,887 855 Prepaid expenses 1,076 647 Deferred income taxes 1,676 1,167 Other current assets $ 5,639 2,669

Property and Equipment, Net

Property and Equipment, Net	12 Months Ended
	Dec. 27, 2015
Property and Equipment, Net	(9) Property and Equipment, Net Property and equipment, net consist of the following (in thousands): Useful lives December 27, December 28, Land — $ 1,509 1,140 Buildings Up to 40 years 1,330 620 Furniture, fixtures and equipment Up to 5 years 16,798 14,837 Computer hardware and software Up to 3 years 8,780 5,412 Leasehold improvements Up to 20 years 22,987 20,145 Capital leases, buildings Lesser of lease term or 40 years 8,553 8,553 Capital leases, equipment Lesser of lease term or 5 years 22,956 17,466 Capital leases, automobiles Lesser of lease term or 5 years 3,297 2,689 Construction-in-progress — 3,408 3,015 Total 89,618 73,877 Less: Accumulated depreciation (26,830 ) (20,750 ) Accumulated amortization (14,651 ) (10,649 ) Property and equipment, net $ 48,137 42,478 Depreciation and amortization expense related to property and equipment was $13.2 million, $11.0 million and $10.3 million for the fiscal years ended December 27, 2015, December 28, 2014 and December 29, 2013, respectively.

Franchise Rights, Net

Franchise Rights, Net	12 Months Ended
	Dec. 27, 2015
Franchise Rights, Net	(10) Franchise Rights, Net Franchise rights are intangible assets recorded at the time of an acquisition. The franchise rights represent the value of existing franchise agreements, and are amortized over the remaining life of the agreements. Franchise rights, net are as follows (in thousands): December 27, December 28, Franchise rights, including reacquired franchise rights $ 29,623 29,623 Less accumulated amortization (4,282 ) (3,185 ) Franchise rights, net $ 25,341 26,438 Amortization expense related to franchise rights was $1.1 million, $1.0 million and $0.9 million during the fiscal years ended December 27, 2015, December 28, 2014 and December 29, 2013, respectively, and is included in depreciation and amortization expense in the consolidated statements of operations and comprehensive income. Estimated future amortization expense is as follows (in thousands): For the fiscal year ended: 2016 $ 1,097 2017 1,097 2018 1,097 2019 1,097 2020 1,081 Thereafter 19,872 Total $ 25,341

Deferred Debt Issuance Costs, N

Deferred Debt Issuance Costs, Net	12 Months Ended
	Dec. 27, 2015
Deferred Debt Issuance Costs, Net	(11) Deferred Debt Issuance Costs, Net Debt issuance costs are capitalized and amortized using the effective interest method over the term of the related loan. Deferred debt issuance costs, net are as follows (in thousands): December 27, December 28, Deferred debt issuance costs $ 4,809 4,254 Less accumulated amortization (2,350 ) (1,528 ) Deferred debt issuance costs, net $ 2,459 2,726 The Company incurred approximately $0.6 million in deferred debt issuance costs in connection with Amendment No. 4. Estimated future amortization expense is as follows (in thousands): For the fiscal year ended: 2016 $ 562 2017 561 2018 517 2019 477 2020 342 Thereafter — Total $ 2,459

Other Noncurrent Assets

Other Noncurrent Assets	12 Months Ended
	Dec. 27, 2015
Other Noncurrent Assets	(12) Other Noncurrent Assets Other noncurrent assets consist of the following (in thousands): December 27, December 28, Investments for nonqualified deferred compensation plan $ 2,628 2,202 Interest rate swap asset 437 338 Deferred initial public offering costs — 846 Other noncurrent assets 608 433 Other noncurrent assets $ 3,673 3,819 As of December 28, 2014, deferred initial public offering costs, which primarily consisted of direct, incremental legal and accounting fees relating to the Company’s IPO, were capitalized within other noncurrent assets. The deferred initial public offering costs were expected to be offset against IPO proceeds due to the Company for newly issued shares of common stock upon the consummation of the IPO. During the second fiscal quarter of 2015, all of the shares of our common stock offered as part of the IPO were sold by selling stockholders. Accordingly, the Company did not receive any proceeds from the sale of the shares. As a result, approximately $4.6 million of expenses incurred by the Company related to public offerings, including the previously deferred initial public offering costs, were recorded within general and administrative expenses in the consolidated statements of operations and comprehensive income during fiscal year 2015.

Accrued Expenses

Accrued Expenses	12 Months Ended
	Dec. 27, 2015
Accrued Expenses	(13) Accrued Expenses Accrued expenses consist of the following (in thousands): December 27, December 28, Payroll & related $ 12,316 11,938 Sales and property taxes 2,472 2,268 Gift cards 974 761 Utilities 1,092 1,107 Occupancy 481 490 Interest 715 796 Other 1,036 1,119 Accrued expenses $ 19,086 18,479

Other Current Liabilities

Other Current Liabilities	12 Months Ended
	Dec. 27, 2015
Other Current Liabilities	(14) Other Current Liabilities Other current liabilities consist of the following (in thousands): December 27, December 28, Financing obligations under build-to-suit transactions $ 1,594 937 Closed store obligation 184 155 Other 377 563 Other current liabilities $ 2,155 1,655

Other Noncurrent Liabilities

Other Noncurrent Liabilities	12 Months Ended
	Dec. 27, 2015
Other Noncurrent Liabilities	(15) Other Noncurrent Liabilities Other noncurrent liabilities consist of the following (in thousands): December 27, December 28, Deferred rents $ 5,875 4,271 Unfavorable lease liability, net 1,817 2,111 Deferred compensation 2,628 2,202 Deferred revenue 717 598 Closed store obligation 356 454 Interest rate swap liability 405 100 Other noncurrent liabilities 36 35 Other noncurrent liabilities $ 11,834 9,771 Deferred revenue includes initial franchise license fees that have been received, but for which the Company has not completed its obligations under these franchise agreements; therefore, revenue has not been recognized.

Closed Store Obligation

Closed Store Obligation	12 Months Ended
	Dec. 27, 2015
Closed Store Obligation	(16) Closed Store Obligation As of December 27, 2015 and December 28, 2014, the Company had several stores that were either closed and vacant or closed and subleased. The closed store obligation consists of the present value of remaining future minimum lease payments under non-cancelable lease agreements for those stores that were either closed and vacant or closed and subleased less the present value of remaining future minimum lease payments under non-cancelable subleases on those stores. In addition, estimates of future property tax and maintenance expenditures for vacant stores through their remaining lease terms are included in the obligation for closed stores. Any resulting expense or income is included as a component of general and administrative expenses in the accompanying consolidated statements of operations and comprehensive income as the stores are closed. Cash payments are scheduled to continue through 2026. The change in the closed store obligation is as follows (in thousands): December 27, December 28, Closed store obligation, beginning of fiscal year $ 609 621 Cash payments for lease obligations, net of cash received on subleases and the change in present value of future lease obligations (105 ) (114 ) Provision for closed stores 36 102 Closed store obligation, end of fiscal year 540 609 Less current portion (184 ) (155 ) Noncurrent closed store obligation $ 356 454

Income Taxes

Income Taxes	12 Months Ended
	Dec. 27, 2015
Income Taxes	(17) Income Taxes Income tax expense consist of the following (in thousands): Fiscal Year Ended December 27, December 28, December 29, Current: U.S. federal $ 16,021 14,387 10,911 State and local 2,005 2,182 1,916 Total current 18,026 16,569 12,827 Deferred: U.S. federal $ (566 ) (987 ) 1,021 State and local (1,426 ) 7 (3,933 ) Total deferred (1,992 ) (980 ) (2,912 ) Income tax expense $ 16,034 15,589 9,915 Income tax expense for the fiscal years ended December 27, 2015, December 28, 2014 and December 29, 2013 differed from the amounts computed by applying the U.S. federal income tax rate of 35% to pretax income as a result of the following (in thousands): Fiscal Year Ended December 27, December 28, December 29, 2015 2014 2013 Computed “expected” tax expense $ 14,896 35.0 % $ 14,598 35.0 % $ 11,985 35.0 % Increase (reduction) in income taxes resulting from: Work Opportunity and Welfare to Work tax credits, net of federal income tax expense (795 ) (1.9 %) (460 ) (1.1 %) (785 ) (2.3 %) State and local income taxes, net of federal income tax expense/benefit 376 0.9 % 1,423 3.4 % (1,312 ) (3.8 %) Expenses related to public offerings not deductible for income tax purposes 1,548 3.6 % — 0.0 % — 0.0 % Meals and entertainment 27 0.1 % 20 0.1 % 17 0.1 % Other, net (18 ) 0.0 % 8 0.0 % 10 0.0 % Total $ 16,034 37.7 % $ 15,589 37.4 % $ 9,915 29.0 % The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 27, 2015 and December 28, 2014 are presented below (in thousands): December 27, December 28, Current deferred tax assets (liabilities): Capital lease assets and obligations and property and equipment $ 718 647 Reserves, accruals, and other assets 1,274 815 Discount on early repayment of debt (592 ) (592 ) Accrued vacation 276 297 Current deferred tax assets, net $ 1,676 1,167 Noncurrent deferred tax assets (liabilities): Brand $ (101,988 ) (102,858 ) Franchise rights and other intangible assets (15,970 ) (15,425 ) Discount on early repayment of debt (1,185 ) (1,778 ) Capital lease assets and obligations and property and equipment (1,647 ) (868 ) Deferred compensation 1,000 845 Stock-based compensation 2,099 1,448 Deferred rent 2,235 1,639 Reserves, accruals, and other assets 428 408 Noncurrent deferred tax liabilities, net $ (115,028 ) (116,589 ) There was no valuation allowance for deferred tax assets as of December 27, 2015 and December 28, 2014. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities and projected future taxable income in making this assessment. Based upon the level of historical taxable income and projections of future taxable income over the periods in which the deferred tax assets are deductible, management believes it is more likely than not that the Company will realize the benefits of these deductible differences. The Company recognizes interest and penalties related to uncertain tax positions in interest expense and general and administrative expenses, respectively. Uncertain tax positions and related interest and penalties on uncertain tax positions for the fiscal years ended December 27, 2015, December 28, 2014 and December 29, 2013 were not significant. The Company is subject to U.S. federal income tax, as well as income tax of multiple state jurisdictions. The U.S. federal and material state and local tax statutes of limitations remain open for the fiscal years 2012 and forward.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 27, 2015
Commitments and Contingencies	(18) Commitments and Contingencies (a) Litigation The Company is subject to various claims and litigation that arise in the normal course of business. Management is of the opinion that, although the outcome of the litigation cannot be predicted with any certainty, the ultimate liability, if any, will not have a material adverse effect on the Company’s financial position, results of operations or cash flows. (b) Concentration of Interest Rate Risk Interest rate risk is the exposure to loss resulting from changes in the level of interest rates and the spread between different interest rates. Interest rate risk is highly sensitive due to many factors, including U.S. monetary and tax policies, U.S. and international economic factors and other factors beyond our control. The Company’s credit facility has floating interest rates. The Company is exposed to changes in the level of interest rates and to changes in the relationship or spread between interest rates for our floating rate debt. The Company’s floating rate debt will require payments based on a variable interest rate index such as LIBOR. Therefore, increases in interest rates may reduce the Company’s net income by increasing the cost of the Company’s debt. However, the Company seeks to mitigate some of its floating interest rate risk on long-term debt by entering into fixed pay interest rate derivatives on a portion of our outstanding long-term debt (see Note 2). (c) Concentration of Credit Risk Certain financial instruments potentially subject the Company to a concentration of credit risk. These financial instruments consist primarily of cash and cash equivalents and accounts and vendor receivables. The Company places its cash and cash equivalents with high-credit, quality financial institutions. At times, the balances in the accounts exceed the amounts insured by the Federal Deposit Insurance Corporation. Concentration of credit risk with respect to receivables is primarily limited to franchisees, which are primarily located in the southeastern United States and certain vendors. Royalty revenues from three franchisees, one of which is a related party franchisee, accounted for approximately 44%, 45% and 45% of the Company’s total franchise royalty revenues for the fiscal years ended December 27, 2015, December 28, 2014 and December 29, 2013, respectively. Royalty and franchise fee accounts receivable from three franchisees, one of which is a related party franchisee, accounted for approximately 44% of the Company’s gross royalty and franchise fee accounts receivable as of both December 27, 2015 and December 28, 2014. The Company continually evaluates and monitors the credit history of its franchisees and believes it has an adequate allowance for bad debts. (d) Concentration of Commodity Price Risk The Company purchases certain products that are affected by commodity prices and are, therefore, subject to price volatility caused by weather, market conditions and other factors which are not considered predictable or within our control. Although these products are subject to changes in commodity prices, certain purchasing contracts or pricing arrangements contain risk management techniques designed to minimize price volatility. The purchasing contracts and pricing arrangements we use may result in unconditional purchase obligations, which are not reflected in our consolidated balance sheets. Typically, the Company uses these types of purchasing techniques to control costs as an alternative to directly managing financial instruments to hedge commodity prices. In many cases, the Company believes it will be able to address material commodity cost increases by adjusting our menu pricing, promotional mix, or changing our product delivery strategy. However, increases in commodity prices, without adjustments to our menu prices, could increase food and supplies costs as a percentage of company restaurant revenues and customers may react negatively to increases in our menu prices which could adversely impact customer traffic and revenues. (e) Debt Guarantees Prior to July 25, 2011, a franchisee of the Company assumed a portion of the Company’s then outstanding term debt, which the Company guarantees through 2018. The Company may be required to perform under this guarantee in the event of default or nonperformance by this franchisee. The Company has determined default by the franchisee is unlikely due to their timely and consistent payments; therefore, the Company has not recorded a liability for this note on its consolidated balance sheets. The carrying value of debt covered by this additional guarantee of the Company was $0.1 million and $0.2 million as of December 27, 2015 and December 28, 2014, respectively. (f) Sponsorships The Company has entered into various sponsorship agreements with original terms of up to ten years to receive certain advertising rights, the use of certain advertising territories, and vendor products as defined in the agreements. These amounts are reflected as operating costs within Company restaurant operating expenses in the consolidated statements of operations and comprehensive income, generally in the year in which the amounts are incurred. The minimum future payments required under existing sponsorship agreements are as follows (in thousands): For the fiscal year ended: 2016 $ 3,049 2017 2,481 2018 1,707 2019 1,011 2020 73 Thereafter — Total $ 8,321

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 27, 2015
Employee Benefit Plans	(19) Employee Benefit Plans (a) 401(k) Plan The Company sponsors a 401(k) tax deferred savings plan covering employees meeting certain age and service requirements as defined in the plan. Participants can make pretax contributions with the Company matching certain percentages of employee contributions. The total employer matching expense related to the plan was $0.7 million, $0.6 million and $0.5 million for the fiscal years ended December 27, 2015, December 28, 2014 and December 29, 2013, respectively. (b) Deferred Compensation Plan The Company has a rabbi trust to invest compensation deferred under our nonqualified deferred compensation plan and fund future deferred compensation obligations. The rabbi trust is subject to creditor claims in the event of insolvency, but the assets held in the rabbi trust are not available for general corporate purposes. This plan allows eligible participants to defer compensation. Deferred compensation, net of accumulated earnings and/or losses on the participant-directed investment options, is distributable in cash at employee specified dates or upon retirement, death, disability or termination from the plan. Realized and unrealized gains and losses on these securities are recorded in the consolidated statements of operations and comprehensive income and offset changes in deferred compensation liabilities to participants. The assets of the plan were $2.6 million and $2.2 million as of December 27, 2015 and December 28, 2014, respectively, and are subject to the Company’s creditors and are included in the accompanying consolidated balance sheets. (c) Post-Retirement Benefit Plan During fiscal year 2006, the Company’s board of directors approved the Extended Executive Medical Coverage Program covering a certain group of employees meeting specific age and service requirements as defined in the plan. The plan was amended in 2011. Under the terms of the plan, upon retirement and until age 65, eligible employees and their spouses may purchase coverage under the Company’s health insurance plan. The participants must pay the full cost of the coverage. In addition, upon reaching the age of 65, eligible employees and their spouses will receive a $25 stipend each month for the purchase of Medicare gap insurance coverage. A liability has been recorded for each employee meeting the age and service length requirements. As of December 27, 2015 and December 28, 2014, the Company has a recorded liability related to this plan of $36 thousand and $35 thousand, respectively.

Net Income per Share

Net Income per Share	12 Months Ended
	Dec. 27, 2015
Net Income per Share	(20) Net Income per Share Basic net income per share is calculated using the weighted-average number of shares of common stock outstanding during the fiscal year ended December 27, 2015. The Company has not presented basic net income per share for the fiscal years ended December 28, 2014 and December 29, 2013 because its historical capital structure makes the presentation of net income per share not meaningful as the Company did not have any shares of common stock outstanding prior to its IPO. The computation of diluted net income per share assumes the conversion of the outstanding preferred stock into common stock. Diluted net income per share is calculated using the weighted-average number of shares of common stock outstanding and potentially dilutive during the period, using the treasury stock method. The computation of basic and diluted net income per share for the fiscal years ended December 27, 2015, December 28, 2014 and December 29, 2013 are as follows (in thousands, except per share amounts): Fiscal Year Ended December 27, December 28, December 29, Net income $ 26,526 26,120 24,327 Weighted average number of common shares outstanding-basic 23,118 — — Weighted average number of common shares assumed from the conversion of Series A Preferred Stock 12,822 35,904 35,904 Weighted average dilutive effect of stock options 1,522 1,525 1,045 Weighted average dilutive effect of restricted stock units 2 — — Weighted average number of common shares outstanding-diluted 37,464 37,429 36,949 Net income per share-basic $ 1.15 — — Net income per share-diluted $ 0.71 0.70 0.66

Stock Compensation Plan

Stock Compensation Plan	12 Months Ended
	Dec. 27, 2015
Stock Compensation Plan	(21) Stock Compensation Plan Effective immediately prior to the IPO, the Company’s board of directors and stockholders approved the amendment and restatement of the 2011 Equity Incentive Plan. Under the Amended and Restated 2011 Equity Incentive Plan (the “Amended 2011 Plan”), the Company’s board of directors may grant stock options, restricted stock units and performance awards to officers, directors, employees, and consultants of the Company and its subsidiaries. There are up to 8.5 million shares available for issuance under the Amended 2011 Plan of authorized but unissued common stock. At December 27, 2015, there were 4.0 million additional shares available for grant under the Amended 2011 Plan. Stock Options Stock options are granted at a price determined by the board of directors or committee designated by the board at not less than the fair market value of a share on the date of grant. The term of each option shall be determined by the board of directors or committee designated by the board at the time of grant and shall be no greater than ten years. The fair value of each option award is estimated on the date of grant using the Black-Scholes-Merton option-pricing model. No dividends are expected to be paid over the contractual term of the stock options granted, resulting in the use of a zero expected dividend rate. Since the stock options were granted prior to the Company’s IPO, expected volatility was estimated based on the average historical volatility of similar entities with publicly traded shares. The expected term for options granted is derived using the “simplified” method, in accordance with SEC guidance. The risk-free rate for the expected term of the option is based on the U.S. Treasury yield curve at the date of grant. There were no stock options granted during the fiscal year ended December 27, 2015. The assumptions used for grants made during the fiscal years ended December 28, 2014 and December 29, 2013 are provided in the following table: Fiscal Year Ended December 28, 2014 December 29, 2013 Valuation assumptions: Expected dividend yield 0% 0% Expected volatility 32.00% to 34.90% 34.70% to 36.09% Expected term 5.75 to 6.49 years 6.11 years Risk-free interest rate 1.72% to 1.98% 1.05% to 1.12% Stock option activity during the period indicated is as follows: Number of Weighted Weighted Aggregate Balance as of December 28, 2014 4,459,419 $ 3.76 7.8 $ 28,344 Granted — — Exercised (105,663 ) 3.13 1,991 Repurchased — — Forfeited (6,732 ) 2.03 Expired — — Balance as of December 27, 2015 4,347,024 $ 3.78 6.8 $ 51,198 Exercisable as of December 27, 2015 2,245,753 $ 3.04 6.6 $ 28,111 As of December 27, 2015, there was $2.2 million of total unrecognized compensation cost related to time based stock options, which is expected to be recognized over a weighted average period of approximately 2.7 years. As of December 27, 2015, there was approximately $2.2 million of total unrecognized compensation cost related to 1.2 million outstanding performance based stock options. These performance based stock options will vest and become exercisable upon the achievement of certain performance metrics indicated in the stock option grant. Restricted Stock Units On May 13, 2015, the Company granted 2,631 restricted stock units to each of its non-employee directors who are not affiliated with Advent International Corporation (“Advent”). The restricted stock units will vest on the date of the Company’s next annual meeting, subject to continued service to the Company. Vested shares will be delivered within ten days of the vesting date of such restricted stock unit. Restricted stock unit activity during the period indicated is as follows: Number Weighted Nonvested as of December 28, 2014 — $ — Granted 7,893 19.00 Forfeited — — Vested — — Nonvested as of December 27, 2015 7,893 $ 19.00 As of December 27, 2015, there was $52 thousand of total unrecognized compensation cost related to restricted stock units, which is expected to be recognized ratably over a period of approximately 0.3 years.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 27, 2015
Related Party Transactions	(22) Related Party Transactions Advent is related to the Company through members of the Board of Directors and ownership of the Company. The Company reimburses Advent for certain expenses. Total amounts incurred for expenses reimbursed to Advent were $38 thousand, $0.1 million and $27 thousand for the fiscal years ended December 27, 2015, December 28, 2014 and December 29, 2013, respectively. There were no amounts included in accounts payable due to Advent as of both December 27, 2015 and December 28, 2014. Panthers Football, LLC (“The Panthers”) is owned by family members of certain indirect stockholders of the Company. The Company has marketing and sponsorship agreements with The Panthers. Total expenses incurred under these agreements were $0.7 million, $0.7 million and $0.6 million for the fiscal years ended December 27, 2015, December 28, 2014 and December 29, 2013, respectively. Cajun Jack’s, LLC (“Cajun”) is owned by family members of certain indirect stockholders and a member of the board of directors of the Company. Cajun is a franchisee of the Company. Cajun remits payments to the Company for royalties, marketing, and franchise license fees. As of both December 27, 2015 and December 28, 2014, gross accounts receivable due from Cajun was $9 thousand. For each of the fiscal years ended December 27, 2015, December 28, 2014 and December 29, 2013, the Company recognized royalty revenue of $0.1 million from Cajun. New Generation Foods, LLC (“New Generation”) is owned by family members of certain indirect stockholders and a member of the board of directors of the Company. New Generation is a franchisee of the Company. New Generation remits payments to the Company for royalties, marketing, and franchise license fees. As of December 27, 2015 and December 28, 2014, gross accounts receivable due from New Generation was $0.1 million and $45 thousand, respectively. For the fiscal years ended December 27, 2015, December 28, 2014 and December 29, 2013, the Company recognized royalty revenue of $0.5 million, $0.5 million and $0.4 million, respectively, from New Generation. For the fiscal years ended December 27, 2015, December 28, 2014 and December 29, 2013, the Company recognized franchise fee revenue of $0.1 million, $0 and $0, respectively, from New Generation. The Company matched New Generation’s advertising expenditures in an amount up to 1% of New Generation’s sales from January 29, 2014 through July 31, 2015. The Company incurred $0.1 million under the terms of this agreement during both of the fiscal years ended December 27, 2015 and December 28, 2014. Tri-Arc (“Tri-Arc”) Tri-Arc Tri-Arc Tri-Arc Tri-Arc Tri-Arc. Tri-Arc Tri-Arc JZF Properties, LLC (“JZF”) is owned by family members of certain indirect stockholders and a member of the board of directors of the Company. JZF leases land and a building to the Company for use as a restaurant operated by the Company. For each of the fiscal years December 27, 2015, December 28, 2014 and December 29, 2013, the Company made total rent payments of $0.2 million to JZF. MAR Real Estate, LLC (“MRE”) is owned by a certain indirect stockholder of the Company. MRE leases land and buildings to the Company for use as restaurants operated by the Company. For the fiscal years ended December 27, 2015, December 28, 2014 and December 29, 2013, the Company made total rent payments of $0.2 million, $0.1 million and $30 thousand, respectively, to MRE. Palmetto Lowcountry Properties, LLC (“PLP”) is owned by a certain indirect stockholder of the Company. PLP leases land and buildings to the Company for use as restaurants operated by the Company. For the fiscal years ended December 27, 2015, December 28, 2014 and December 29, 2013, the Company made total rent payments of $0.1 million, $0 and $0, respectively, to PLP. Catco Bo Memorial, LLC (“CBM”) is owned by a certain indirect stockholder of the Company. CBM leases land, equipment and a building to the Company for use as a restaurant operated by the Company. For the fiscal years ended December 27, 2015, December 28, 2014 and December 29, 2013, the Company made total rent payments of $23 thousand, $0 and $0, respectively, to CBM.

Selected Quarterly Financial Da

Selected Quarterly Financial Data (Unaudited)	12 Months Ended
	Dec. 27, 2015
Selected Quarterly Financial Data (Unaudited)	(23) Selected Quarterly Financial Data (Unaudited) The following table sets forth certain unaudited financial and operating information for each quarter of fiscal 2015 and fiscal 2014. The unaudited quarterly information includes all adjustments (consisting of normal recurring adjustments) that, in the opinion of management, are necessary for the fair presentation of the information presented. Operating results for interim periods are not necessarily indicative of the results that may be expected for a full fiscal year. Fiscal Year 2015 First Second Third Fourth (in thousands, except per share amounts) Revenues: Company restaurant revenues $ 108,336 114,043 117,536 122,223 Franchise royalty revenues 5,936 6,368 6,436 6,364 Other franchise revenues 375 105 287 193 Total revenues 114,647 120,516 124,259 128,780 Operating income (1) 9,488 13,166 14,479 14,555 Net income 3,438 6,334 8,910 7,844 Net income per share: Basic — 0.31 0.25 0.22 Diluted 0.09 0.17 0.24 0.21 Fiscal Year 2014 First Second Third Fourth (in thousands, except per share amounts) Revenues: Company restaurant revenues $ 90,755 100,642 104,192 111,199 Franchise royalty revenues 5,198 5,676 5,813 6,059 Other franchise revenues 225 222 300 191 Total revenues 96,178 106,540 110,305 117,449 Operating income (2) 10,227 12,556 13,789 14,990 Net income 4,985 6,238 6,986 7,911 Net income per share: Basic — — — — Diluted 0.13 0.17 0.19 0.21 (1) The first and second quarter of fiscal year 2015 include expenses related to the Company’s IPO of $2.7 million and $1.8 million, respectively. (2) The third quarter of fiscal year 2014 includes a $1.5 million gain from the termination of a contract with a beverage vendor.

Description of Business and O32

Description of Business and Organization and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 27, 2015
Description of Business and Organization	(a) Description of Business and Organization Bojangles’, Inc. (formerly known as BHI Holding Corp.) (together with its subsidiaries, “Bojangles’”, the “Company”, “we” or “our”) was formed on June 28, 2011 as a Delaware corporation. The Company’s principal business is the operations and development and franchising, as franchisor, of limited service restaurants. As of December 27, 2015, there were 281 Company-operated restaurants, 61 related party franchised restaurants, and 320 independent franchised restaurants operating under the Bojangles’ ® On July 24, 2015, the Company completed a merger of BHI Intermediate Holding Corp. (“BHIH”), a Delaware corporation and a wholly-owned subsidiary of the Company, with and into the Company (the “Merger”). The following is the number of Bojangles’ franchised, Company-operated Fiscal Year Ended December 27, 2015 December 28, 2014 Franchised Company- System- Franchised Company- System- Restaurants at the beginning of the fiscal year 368 254 622 352 225 577 Opened during the fiscal year 34 29 63 28 24 52 Closed during the fiscal year (20 ) (3 ) (23 ) (4 ) (3 ) (7 ) Refranchised during the fiscal year (1 ) 1 — (8 ) 8 — Restaurants at the end of the fiscal year 381 281 662 368 254 622 A relocation results in a closure and an opening. During the fiscal years ended December 27, 2015 and December 28, 2014, our franchisees closed 20 and 4 restaurants, respectively, of which 7 and 1, respectively, were relocations. During each of the fiscal years ended December 27, 2015 and December 28, 2014, we closed 3 Company-operated restaurants, of which 3 and 2, respectively, were relocations.
Basis of Presentation and Consolidation	(b) Basis of Presentation and Consolidation The consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles and practices of the United States of America (“GAAP”) and include our accounts and the accounts of our wholly-owned subsidiaries. The Company consolidates entities in which we have a controlling financial interest, the usual condition of which is ownership of a majority voting interest. All significant intercompany accounts and transactions are eliminated in consolidation. Certain prior period balances have been reclassified to conform to current period presentation.
Fiscal Year	(c) Fiscal Year The Company operates on a 52- or 53-week fiscal year ending on the last Sunday of December. Each of the fiscal years ended December 27, 2015, December 28, 2014 and December 29, 2013 consisted of 52 weeks.
Use of Accounting Estimates	(d) Use of Accounting Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of certain assets and liabilities and disclosures of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Accordingly, the actual amounts could differ from those estimates. Any adjustments applied to estimated amounts are recognized in the fiscal year in which such adjustments are determined.
Segment Information	(e) Segment Information We have determined that we have one operating segment, therefore, one reportable segment. Our chief operating decision maker (“CODM”) is our Chief Executive Officer; our CODM reviews financial performance and allocates resources at a consolidated level on a recurring basis. All of our assets are located in the United States of America.
Business Combinations	(f) Business Combinations We account for business combinations using the acquisition method. As of the acquisition date, the acquirer recognizes, separately from goodwill, the identifiable assets acquired, the liabilities assumed, and any non-controlling interest in the acquiree. Goodwill is initially measured at cost, being the excess of the cost of acquisition over the fair value of the net identifiable assets acquired and liabilities assumed. The cost of an acquisition is measured as the aggregate of the consideration transferred, measured at acquisition date fair value and the amount of any non-controlling interest in the acquiree. If the cost of acquisition is lower than the fair value of the net identifiable assets, the difference is recognized in profit or loss. Acquisition costs are expensed as incurred.
Fair Value Measurements	(g) Fair Value Measurements The Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible. The Company determines fair value based on assumptions that market participants would use in pricing an asset or liability in the principal or most advantageous market. When considering market participant assumptions in fair value measurements, the following fair value hierarchy distinguishes between observable and unobservable inputs, which are categorized in one of the following levels: • Level 1 Inputs: Unadjusted quoted prices in active markets for identical assets or liabilities accessible to the reporting entity at the measurement date. • Level 2 Inputs: Other than quoted prices included in Level 1 inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability. • Level 3 Inputs: Unobservable inputs for the asset or liability used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at the measurement date. In instances whereby inputs used to measure fair value fall into different levels in the above fair value hierarchy, fair value measurements in their entirety are categorized based on the lowest level input that is significant to the valuation. The Company’s assessment of the significance of particular inputs to these fair value measurements requires judgment and considers factors specific to each asset or liability.
Cash and Cash Equivalents	(h) Cash and Cash Equivalents The Company considers all highly liquid investments purchased with an original maturity of three months or less and credit card receivables to be cash and cash equivalents.
Accounts and Vendor Receivables and Allowance for Doubtful Accounts	(i) Accounts and Vendor Receivables and Allowance for Doubtful Accounts Accounts receivables consist of franchisee receivables from external and related parties, which are recorded at invoiced amounts, and other receivables. Royalty receivables are recorded at amounts earned based upon rates set forth in the related franchise agreements. Vendor receivables consist of amounts due from certain beverage vendors related to long-term beverage supply agreements. Pursuant to the terms of these arrangements, marketing rebates are provided to the Company from the beverage vendors based upon the volume of purchases for Company-operated restaurants. For Company-operated restaurants, these incentives are recognized as earned throughout the year and are classified as a reduction of food and supplies costs in the consolidated statements of operations and comprehensive income. The Company maintains allowances, which management believes are adequate to absorb estimated losses to be incurred in realizing the recorded amounts of its accounts and vendor receivables. These allowances are determined by management based primarily on an analysis of collectability of individual accounts, historical trends and current economic conditions. On a continuing basis, management analyzes delinquent receivables, and once these receivables are determined to be uncollectible, they are written off either against an existing allowance account or as a direct charge to the consolidated statement of operations.
Inventories, Net	(j) Inventories, Net Inventories, net consist of food and paper products and are stated at lower of cost or market. The cost of inventories is determined on a first-in, first-out basis. The Company maintains a provision for inventory spoilage. Marketing and maintenance supplies are expensed as purchased.
Derivative Instruments and Hedging Activities	(k) Derivative Instruments and Hedging Activities The Company recognizes all derivative instruments as either assets or liabilities in the consolidated balance sheets at their respective fair values. For derivatives designated in hedging relationships, changes in the fair value are either offset through earnings against the change in fair value of the hedged item attributable to the risk being hedged or recognized in accumulated other comprehensive income (loss), to the extent the derivative is effective at offsetting the changes in cash flows being hedged until the hedged item affects earnings. The Company only enters into derivative contracts that it intends to designate as a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability (cash flow hedge). For all hedging relationships, the Company formally documents the hedging relationship and its risk-management objective and strategy for undertaking the hedge, the hedging instrument, the hedged transaction, the nature of the risk being hedged, how the hedging instrument’s effectiveness in offsetting the hedged risk will be assessed prospectively and retrospectively, and a description of the method used to measure ineffectiveness. The Company also formally assesses, both at the inception of the hedging relationship and on an ongoing basis, whether the derivatives that are used in hedging relationships are highly effective in offsetting changes in cash flows of hedged transactions. For derivative instruments that are designated and qualify as part of a cash flow hedging relationship, the effective portion of the gain or loss on the derivative is reported as a component of other comprehensive income (loss) and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Gains and losses on the derivative representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness are recognized in current earnings. The Company discontinues hedge accounting prospectively when it determines that the derivative is no longer effective in offsetting cash flows attributable to the hedged risk, the derivative expires or is sold, terminated, or exercised, the cash flow hedge is dedesignated because a forecasted transaction is not probable of occurring, or management determines to remove the designation of the cash flow hedge. In all situations in which hedge accounting is discontinued and the derivative remains outstanding, the Company continues to carry the derivative at its fair value on the consolidated balance sheets and recognizes any subsequent changes in its fair value in earnings. When it is probable that a forecasted transaction will not occur, the Company discontinues hedge accounting and recognizes immediately in earnings gains and losses that were accumulated in other comprehensive income (loss) related to the hedging relationship.
Impairment of Long-Lived Assets	(l) Impairment of Long-Lived Assets Long-lived assets, such as property and equipment, and purchased intangible assets subject to depreciation and amortization, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If circumstances require a long-lived asset or asset group be tested for possible impairment, the Company first compares undiscounted cash flows expected to be generated by that asset or asset group to its carrying value. If the carrying value of the long-lived asset or asset group is not recoverable on an undiscounted cash flow basis, an impairment is recognized to the extent that the carrying value exceeds its fair value. Fair value is determined through various valuation techniques, including discounted cash flow models, quoted market values and third-party independent appraisals, as considered necessary.
Property and Equipment	(m) Property and Equipment Property and equipment are recorded at cost. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. Capital leases are recorded at the lesser of the estimated fair value or the present value of amounts due under the lease. Buildings, equipment and vehicles under capital leases are amortized over the shorter of the estimated useful life of the asset or the lease term. Maintenance and repairs that do not improve or extend the useful lives of the assets are not considered assets and are charged to expense when incurred. Provisions for depreciation are made using the straight-line method over an asset’s estimated useful life: up to 40 years for buildings; up to 5 years for furniture, fixtures and equipment; up to 3 years for computer hardware and software; and in the case of leasehold improvements and capital lease assets, the lesser of the economic life of the asset or the lease term.
Leases	(n) Leases The Company leases restaurant land and buildings, certain restaurant, office and point-of-sale equipment, office space and vehicles. We define a lease term as the initial term of the lease, plus any renewals covered by bargain renewal options or that are reasonably assured of exercise because non-renewal would create an economic penalty. Additionally, we review leases for which we are involved in construction to determine whether build-to-suit and sale-leaseback criteria are met. For those leases that trigger specific build-to-suit accounting, developer assets are recorded during the construction period with an offsetting liability as financing lease obligations. Assets we acquire as lessee under capital leases are stated at the lower of the present value of future minimum lease payments or fair market value at the date of inception of the lease. Capital lease assets are amortized using the straight-line method over the shorter of the useful life of the asset or the underlying lease term. We record rent expense and income from operating leases that contain rent holidays or scheduled rent increases on a straight-line basis over the lease term. Contingent rentals are generally based on sales levels in excess of stipulated amounts, and thus are not considered minimum lease payments at lease inception. Favorable and unfavorable operating leases are recorded in connection with the acquisition method of accounting. We amortize favorable and unfavorable leases on a straight-line basis over the remaining term of the leases, as determined at the acquisition date. Upon early termination of a lease, the write-off of the favorable or unfavorable lease carrying value associated with the lease is recognized as a loss or gain within other operating expenses in the consolidated statements of operations. Amortization of favorable and unfavorable leases on Company restaurants is included in operating costs within company restaurant operating expenses in the consolidated statements of operations.
Goodwill and Indefinite-Lived Intangible Assets	(o) Goodwill and Indefinite-Lived Intangible Assets Goodwill and indefinite-lived intangible assets are not amortized, but are tested for impairment on an annual basis or more frequently when circumstances arise indicating that a particular asset may be impaired. Goodwill represents the excess of the cost of the business acquired over the fair value of its net assets at the date of acquisition. The Company accounts for goodwill under ASC 350 , Intangibles—Goodwill and Other The Company performs its annual impairment review of goodwill and Brand at December 1 and when a triggering event occurs between annual impairment tests and records any resulting impairment. An impairment occurs if the carrying amount of goodwill or Brand exceeds the estimated fair value. The impairment evaluation for goodwill includes a comparison of the fair value of the Company’s reporting unit with the carrying value. The Company’s reporting unit is deemed to be Bojangles’, Inc. as the Company is operating under one segment. The Company estimates the fair value of its reporting unit using a discounted cash flow model. The operating assumptions used in the discounted cash flow model are generally consistent with the reporting unit’s past performance and with the projections and assumptions that are used in the Company’s current operating plans. Such assumptions are subject to change as a result of changing economic and competitive conditions. If the reporting unit’s carrying value exceeds its fair value, goodwill is written down to its implied fair value. The Company has determined that no impairment of goodwill and indefinite-lived intangible assets occurred during the fiscal years ended December 27, 2015, December 28, 2014 and December 29, 2013.
Other Intangibles, Net-definite-lived	(p) Other Intangibles, Net—definite-lived Definite-lived intangible assets primarily consist of deferred debt issuance costs, franchise rights, and favorable and unfavorable leases and are amortized over the term of the related debt, franchise contracts, or leases. The Company’s definite-lived intangible assets (primarily franchise rights) are amortized on a straight-line basis over 1 to 38 years based on the remaining life of the original franchise agreement or lease agreement. Favorable leases represents the asset in excess of the approximate fair market value of the leases assumed as of July 25, 2011, the effective date of the Acquisition (“Acquisition”). The amount is being amortized on a straight-line basis over the remaining term of the leases. Unfavorable leases represents the liability in excess of the approximate fair market value of the leases assumed as of July 25, 2011, the effective date of the Acquisition. The amount is being amortized on a straight-line basis over the remaining term of the leases.
Income Taxes	(q) Income Taxes Amounts in the financial statements related to income taxes are calculated using the principles of ASC Topic 740, Income Taxes We recognize positions taken or expected to be taken in a tax return, in the financial statements when it is more likely than not (i.e., a likelihood of more than fifty percent) that the position would be sustained upon examination by tax authorities. A recognized tax position is then measured at the largest amount of benefit with greater than fifty percent likelihood of being realized upon ultimate settlement. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company records interest related to uncertain tax positions in interest expense and penalties in general and administrative expenses. The Company’s uncertain tax positions are not significant.
Closed Store Obligation	(r) Closed Store Obligation The Company records obligations for closed stores that are under long-term lease agreements in accordance with ASC 420-10, Exit or Disposal Cost Obligations
Comprehensive Income/(Loss)	(s) Comprehensive Income/(Loss) Comprehensive income (loss) is net income plus the change in fair value of the Company’s cash flow hedges, net of income taxes, discussed in Note 2. Amounts included in accumulated other comprehensive income (loss) for the Company’s derivative instruments are recorded net of the related income tax effects. As of December 27, 2015, December 28, 2014 and December 29, 2013, accumulated other comprehensive income consisted of net unrealized gains on interest rate swap agreements. See Note 2 for further discussion of the Company’s interest rate swap agreements.
Revenue Recognition	(t) Revenue Recognition The Company generates revenues from two sources: (i) retail sales at company-operated restaurants; and (ii) franchise revenues, consisting of royalties based on a percentage of sales reported by franchise restaurants and franchise fees paid by franchisees. Revenue of Company-operated restaurants is primarily recognized as customers pay for products at the point of sale. The Company reports revenue net of sales and use taxes collected from customers and remitted to governmental taxing authorities. The Company accounts for initial franchisee fees in accordance with ASC 952, Franchisors
Store Opening Costs	(u) Store Opening Costs All costs, both direct and indirect, incurred to open Company-operated stores, such as new employee training, initial print materials, marketing, payroll expenses and rent incurred in connection with new restaurant openings are expensed in the period incurred.
Rent Expense	(v) Rent Expense Rent expense for operating leases that contain rent holidays or scheduled rent increases is recognized on a straight-line basis over the term of the respective lease. Contingent rentals are generally based on sales levels in excess of stipulated amounts, and thus are not considered minimum lease payments at lease inception. Favorable lease assets and unfavorable lease liabilities were recorded in connection with the Acquisition in 2011. The Company amortizes favorable and unfavorable leases on a straight-line basis over the remaining term of the leases. Upon early termination of a lease, the write-off of the favorable or unfavorable lease carrying value associated with the lease is recognized as a loss or gain in the consolidated statements of operations and comprehensive income.
Advertising Costs	(w) Advertising Costs Company restaurants and franchise restaurants contribute to various advertising funds that we manage. The franchise portion of contributions to the marketing development fund and various co-operative advertising funds the Company manages has no impact on our statement of operations and comprehensive income. All domestic franchise restaurants contribute to the marketing development fund managed by the Company. Franchisees contributed $4.8 million, $4.3 million and $3.9 million to the marketing development fund for the fiscal years ended December 27, 2015, December 28, 2014 and December 29, 2013, respectively. The marketing development fund had $0, $0.4 million and $0 in unspent funds from both franchise and Company contributions included in the consolidated balance sheets as of December 27, 2015, December 28, 2014 and December 29, 2013, respectively. Various franchise restaurants contribute to various co-operative advertising funds managed by the Company. Franchisees contributed $5.8 million, $5.0 million and $4.0 million to various co-operative advertising funds managed by the Company for the fiscal years ended December 27, 2015, December 28, 2014 and December 29, 2013, respectively, and $0.1 million, $17 thousand and $34 thousand of unspent funds were included in the consolidated balance sheets as of December 27, 2015, December 28, 2014 and December 29, 2013, respectively. Advertising and promotional costs incurred by the Company are expensed in the period incurred.
Employee Benefit Plans	(x) Employee Benefit Plans The Company adopted a defined contribution plan, the “401(k) Plan.” Under the provisions of the plan, the Company currently matches 50% of the first 5% of the employee contributions to the 401(k) Plan. Participants are 100% vested in their own contributions. The Company’s rabbi trust plan is a non-qualified deferred compensation plan which allows certain eligible employees to defer a portion of their base salary and variable compensation each plan year. To offset its obligation, the Company has established fully funded participant directed investment accounts.
Stock-Based Compensation	(y) Stock-Based Compensation Under the provisions of ASC 718, Compensation—Stock Compensation The fair value of each option award is estimated using a Black-Scholes-Merton option-pricing model. The fair value of stock-based compensation is amortized either on the graded vesting attribution method or on the cliff vesting attribution method depending on the specific award. In the fiscal years ended December 27, 2015, December 28, 2014 and December 29, 2013, the stock-based compensation expense of $2.0 million, $1.4 million and $0.8 million, respectively is included in general and administrative expenses in the consolidated statements of operations and comprehensive income.
Computation of Net Income per Share	(z) Computation of Net Income per Share Basic net income per share is computed by dividing net income by the weighted daily average number of shares of common stock outstanding during the period. In periods when the Company generates net income from continued operations, diluted net income per share is based upon the weighted daily average number of shares of common stock outstanding for the period plus dilutive potential common shares including stock options, restricted stock units, and warrants to purchase common stock, using the treasury-stock method and from convertible stock using the “if converted” method.
New Accounting Pronouncements	(aa) New Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers In June 2014, the FASB issued ASU 2014-12, Compensation—Stock Compensation (Topic 718) In April 2015, FASB issued ASU 2015-03, Interest—Imputation of Interest In July 2015, the FASB issued ASU 2015-11, Inventory (Topic 330) In November 2015, the FASB issued ASU No. 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) The FASB has recently issued or discussed a number of proposed standards on such topics as consolidation, financial statement presentation, financial instruments and hedging. Some of the proposed changes are significant and could have a material impact on our reporting. The Company has not yet fully evaluated the potential impact of all these proposals, but will make such an evaluation as the standards are finalized.

Description of Business and O33

Description of Business and Organization and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 27, 2015
Number of Franchised, Company-Operated and System-Wide Restaurants	The following is the number of Bojangles’ franchised, Company-operated Fiscal Year Ended December 27, 2015 December 28, 2014 Franchised Company- System- Franchised Company- System- Restaurants at the beginning of the fiscal year 368 254 622 352 225 577 Opened during the fiscal year 34 29 63 28 24 52 Closed during the fiscal year (20 ) (3 ) (23 ) (4 ) (3 ) (7 ) Refranchised during the fiscal year (1 ) 1 — (8 ) 8 — Restaurants at the end of the fiscal year 381 281 662 368 254 622

Long-Term Debt (Tables)

Long-Term Debt (Tables)	12 Months Ended
	Dec. 27, 2015
Long-Term Debt	Long-term December 27, December 28, Term Loan $ 200,194 228,249 Revolving line of credit — — Total long-term debt 200,194 228,249 Less: Current maturities of long term debt — — Long-term debt, less current maturities $ 200,194 228,249
Principal Payments on Term Loans Payable	Contractual aggregate required principal payments on the term loans payable at December 27, 2015 are as follows (in thousands): For the fiscal year ended: 2016 $ — 2017 19,187 2018 12,882 2019 19,063 2020 149,062 Thereafter — Total $ 200,194
Activity in Accumulated Other Comprehensive Income	The activity in accumulated other comprehensive income is as follows (in thousands): Fiscal Year Ended December 27, December 28, Opening balance, accumulated other comprehensive income $ 146 414 Unrealized loss from effective interest rate swaps, net of tax (127 ) (268 ) Ending balance, accumulated other comprehensive income $ 19 146

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 27, 2015
Schedule of Rent Expenses	Total rent expense, which is included in operating costs in the consolidated statements of operations and comprehensive income, was as follows (in thousands): Fiscal Year Ended December 27, December 28, December 29, Minimum land, building, equipment, and auto rental expense $ 34,781 30,763 26,033 Contingent and percentage rental expense 1,017 943 1,047 Subtotal 35,798 31,706 27,080 Less subleases (1,570 ) (1,867 ) (1,813 ) Total rent expense $ 34,228 29,839 25,267
Future Minimum Rental Payments for Operating Leases and Capital Leases	The following is a schedule by years of future minimum rental payments required under operating leases that have initial or remaining non-cancelable lease terms in excess of one year, and the future minimum lease payments under capital leases together with the present value of the net minimum capital lease payments (in thousands): Capital Operating Total For the fiscal year ending: 2016 $ 7,520 35,895 43,415 2017 7,036 35,053 42,089 2018 6,163 33,555 39,718 2019 4,664 32,666 37,330 2020 2,858 31,465 34,323 Thereafter 4,696 183,748 188,444 Future minimum lease payments 32,937 $ 352,382 385,319 Less amounts representing interest (5,486 ) Present value of net minimum capital lease payments 27,451 Less current portion (5,968 ) Noncurrent portion $ 21,483
Future Minimum Sublease Rentals Due From Lessees	The following are the future minimum sublease rentals due from lessees (in thousands): For the fiscal year ended: 2016 $ 1,456 2017 1,335 2018 1,068 2019 927 2020 794 Thereafter 1,890 Total $ 7,470
Favorable Unfavorable Leases
Estimated Future Amortization Expense (Benefit) of Favorable and Unfavorable Leases	Estimated future amortization expense (benefit) of favorable and unfavorable leases is as follows (in thousands): For the fiscal year ended: 2016 $ 105 2017 37 2018 15 2019 (45 ) 2020 (142 ) Thereafter (393 ) Total $ (423 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 27, 2015
Financial Assets and Liabilities Measured at Fair Value on Recurring Basis	The following table presents financial assets and liabilities measured at fair value on a recurring basis, which include derivatives designated as cash flow hedging instruments, and other investments, which consists of money market accounts and mutual funds held in a rabbi trust established by the Company to fund a portion of the Company’s current and future obligations under its deferred compensation plan (in thousands): Carrying Quoted Prices Significant Significant Fair value measurement as of December 27, 2015: Investments for nonqualified deferred compensation plan (included with other noncurrent assets on the consolidated balance sheets) $ 2,628 2,628 — — Interest rate swap (included with other noncurrent assets on the consolidated balance sheets) 437 — 437 — Interest rate swap (included with other noncurrent liabilities on the consolidated balance sheets) (405 ) — (405 ) — Fair value measurement as of December 28, 2014: Investments for nonqualified deferred compensation plan (included with other noncurrent assets on the consolidated balance sheets) $ 2,202 2,202 — — Interest rate swap (included with other noncurrent assets on the consolidated balance sheets) 338 — 338 — Interest rate swap (included with other noncurrent liabilities on the consolidated balance sheets) (100 ) — (100 ) —

Accounts and Vendor Receivabl37

Accounts and Vendor Receivables, Net (Tables)	12 Months Ended
	Dec. 27, 2015
Accounts and Vendor Receivables	Accounts and vendor receivables consist of the following (in thousands): December 27, December 28, Accounts receivable $ 3,097 2,770 Vendor receivables 1,968 1,682 Allowance for doubtful accounts (329 ) (167 ) Accounts and vendor receivables, net $ 4,736 4,285 Accounts receivable, related parties $ 425 774 Allowance for doubtful accounts (22 ) (38 ) Accounts receivable, related parties, net $ 403 736 The change in allowances for doubtful accounts is as follows: Beginning balance $ 205 137 Bad debt expense, net 239 78 Write-offs and other (93 ) (10 ) Ending balance $ 351 205

Inventories, Net (Tables)

Inventories, Net (Tables)	12 Months Ended
	Dec. 27, 2015
Components of Inventory	Inventories, net consist of the following (in thousands): December 27, December 28, Food, net $ 2,421 2,123 Paper, net 659 620 Inventories, net $ 3,080 2,743

Other Current Assets (Tables)

Other Current Assets (Tables)	12 Months Ended
	Dec. 27, 2015
Other Current Assets	Other current assets consist of the following (in thousands): December 27, December 28, Income taxes refundable $ 2,887 855 Prepaid expenses 1,076 647 Deferred income taxes 1,676 1,167 Other current assets $ 5,639 2,669

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	12 Months Ended
	Dec. 27, 2015
Property and Equipment, Net	Property and equipment, net consist of the following (in thousands): Useful lives December 27, December 28, Land — $ 1,509 1,140 Buildings Up to 40 years 1,330 620 Furniture, fixtures and equipment Up to 5 years 16,798 14,837 Computer hardware and software Up to 3 years 8,780 5,412 Leasehold improvements Up to 20 years 22,987 20,145 Capital leases, buildings Lesser of lease term or 40 years 8,553 8,553 Capital leases, equipment Lesser of lease term or 5 years 22,956 17,466 Capital leases, automobiles Lesser of lease term or 5 years 3,297 2,689 Construction-in-progress — 3,408 3,015 Total 89,618 73,877 Less: Accumulated depreciation (26,830 ) (20,750 ) Accumulated amortization (14,651 ) (10,649 ) Property and equipment, net $ 48,137 42,478

Franchise Rights, Net (Tables)

Franchise Rights, Net (Tables)	12 Months Ended
	Dec. 27, 2015
Franchise Rights, Net	Franchise rights, net are as follows (in thousands): December 27, December 28, Franchise rights, including reacquired franchise rights $ 29,623 29,623 Less accumulated amortization (4,282 ) (3,185 ) Franchise rights, net $ 25,341 26,438
Estimated Future Amortization Expense	Estimated future amortization expense is as follows (in thousands): For the fiscal year ended: 2016 $ 1,097 2017 1,097 2018 1,097 2019 1,097 2020 1,081 Thereafter 19,872 Total $ 25,341

Deferred Debt Issuance Costs,42

Deferred Debt Issuance Costs, Net (Tables)	12 Months Ended
	Dec. 27, 2015
Deferred Debt Issuance Costs, Net	Deferred debt issuance costs, net are as follows (in thousands): December 27, December 28, Deferred debt issuance costs $ 4,809 4,254 Less accumulated amortization (2,350 ) (1,528 ) Deferred debt issuance costs, net $ 2,459 2,726
Deferred Financing Estimated Future Amortization Expense	Estimated future amortization expense is as follows (in thousands): For the fiscal year ended: 2016 $ 562 2017 561 2018 517 2019 477 2020 342 Thereafter — Total $ 2,459

Other Noncurrent Assets (Tables

Other Noncurrent Assets (Tables)	12 Months Ended
	Dec. 27, 2015
Components of Other Noncurrent Assets	Other noncurrent assets consist of the following (in thousands): December 27, December 28, Investments for nonqualified deferred compensation plan $ 2,628 2,202 Interest rate swap asset 437 338 Deferred initial public offering costs — 846 Other noncurrent assets 608 433 Other noncurrent assets $ 3,673 3,819

Accrued Expenses (Tables)

Accrued Expenses (Tables)	12 Months Ended
	Dec. 27, 2015
Accrued Expenses	Accrued expenses consist of the following (in thousands): December 27, December 28, Payroll & related $ 12,316 11,938 Sales and property taxes 2,472 2,268 Gift cards 974 761 Utilities 1,092 1,107 Occupancy 481 490 Interest 715 796 Other 1,036 1,119 Accrued expenses $ 19,086 18,479

Other Current Liabilities (Tabl

Other Current Liabilities (Tables)	12 Months Ended
	Dec. 27, 2015
Other Current Liabilities	Other current liabilities consist of the following (in thousands): December 27, December 28, Financing obligations under build-to-suit transactions $ 1,594 937 Closed store obligation 184 155 Other 377 563 Other current liabilities $ 2,155 1,655

Other Noncurrent Liabilities (T

Other Noncurrent Liabilities (Tables)	12 Months Ended
	Dec. 27, 2015
Other Noncurrent Liabilities	Other noncurrent liabilities consist of the following (in thousands): December 27, December 28, Deferred rents $ 5,875 4,271 Unfavorable lease liability, net 1,817 2,111 Deferred compensation 2,628 2,202 Deferred revenue 717 598 Closed store obligation 356 454 Interest rate swap liability 405 100 Other noncurrent liabilities 36 35 Other noncurrent liabilities $ 11,834 9,771

Closed Store Obligation (Tables

Closed Store Obligation (Tables)	12 Months Ended
	Dec. 27, 2015
Change in Closed Store Obligation	The change in the closed store obligation is as follows (in thousands): December 27, December 28, Closed store obligation, beginning of fiscal year $ 609 621 Cash payments for lease obligations, net of cash received on subleases and the change in present value of future lease obligations (105 ) (114 ) Provision for closed stores 36 102 Closed store obligation, end of fiscal year 540 609 Less current portion (184 ) (155 ) Noncurrent closed store obligation $ 356 454

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 27, 2015
Income Tax Expense	Income tax expense consist of the following (in thousands): Fiscal Year Ended December 27, December 28, December 29, Current: U.S. federal $ 16,021 14,387 10,911 State and local 2,005 2,182 1,916 Total current 18,026 16,569 12,827 Deferred: U.S. federal $ (566 ) (987 ) 1,021 State and local (1,426 ) 7 (3,933 ) Total deferred (1,992 ) (980 ) (2,912 ) Income tax expense $ 16,034 15,589 9,915
Difference Between Income Taxes Computed at Federal Statutory Rate and Provision for Income Taxes	Income tax expense for the fiscal years ended December 27, 2015, December 28, 2014 and December 29, 2013 differed from the amounts computed by applying the U.S. federal income tax rate of 35% to pretax income as a result of the following (in thousands): Fiscal Year Ended December 27, December 28, December 29, 2015 2014 2013 Computed “expected” tax expense $ 14,896 35.0 % $ 14,598 35.0 % $ 11,985 35.0 % Increase (reduction) in income taxes resulting from: Work Opportunity and Welfare to Work tax credits, net of federal income tax expense (795 ) (1.9 %) (460 ) (1.1 %) (785 ) (2.3 %) State and local income taxes, net of federal income tax expense/benefit 376 0.9 % 1,423 3.4 % (1,312 ) (3.8 %) Expenses related to public offerings not deductible for income tax purposes 1,548 3.6 % — 0.0 % — 0.0 % Meals and entertainment 27 0.1 % 20 0.1 % 17 0.1 % Other, net (18 ) 0.0 % 8 0.0 % 10 0.0 % Total $ 16,034 37.7 % $ 15,589 37.4 % $ 9,915 29.0 %
Deferred Income Tax Assets and Liabilities	The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 27, 2015 and December 28, 2014 are presented below (in thousands): December 27, December 28, Current deferred tax assets (liabilities): Capital lease assets and obligations and property and equipment $ 718 647 Reserves, accruals, and other assets 1,274 815 Discount on early repayment of debt (592 ) (592 ) Accrued vacation 276 297 Current deferred tax assets, net $ 1,676 1,167 Noncurrent deferred tax assets (liabilities): Brand $ (101,988 ) (102,858 ) Franchise rights and other intangible assets (15,970 ) (15,425 ) Discount on early repayment of debt (1,185 ) (1,778 ) Capital lease assets and obligations and property and equipment (1,647 ) (868 ) Deferred compensation 1,000 845 Stock-based compensation 2,099 1,448 Deferred rent 2,235 1,639 Reserves, accruals, and other assets 428 408 Noncurrent deferred tax liabilities, net $ (115,028 ) (116,589 )

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 27, 2015
Minimum Future Payments Under Sponsorship Agreements	The minimum future payments required under existing sponsorship agreements are as follows (in thousands): For the fiscal year ended: 2016 $ 3,049 2017 2,481 2018 1,707 2019 1,011 2020 73 Thereafter — Total $ 8,321

Net Income per Share (Tables)

Net Income per Share (Tables)	12 Months Ended
	Dec. 27, 2015
Computation of Basic and Diluted Net Income Per Share	The computation of basic and diluted net income per share for the fiscal years ended December 27, 2015, December 28, 2014 and December 29, 2013 are as follows (in thousands, except per share amounts): Fiscal Year Ended December 27, December 28, December 29, Net income $ 26,526 26,120 24,327 Weighted average number of common shares outstanding-basic 23,118 — — Weighted average number of common shares assumed from the conversion of Series A Preferred Stock 12,822 35,904 35,904 Weighted average dilutive effect of stock options 1,522 1,525 1,045 Weighted average dilutive effect of restricted stock units 2 — — Weighted average number of common shares outstanding-diluted 37,464 37,429 36,949 Net income per share-basic $ 1.15 — — Net income per share-diluted $ 0.71 0.70 0.66

Stock Compensation Plan (Tables

Stock Compensation Plan (Tables)	12 Months Ended
	Dec. 27, 2015
Assumptions Used for Grants	The assumptions used for grants made during the fiscal years ended December 28, 2014 and December 29, 2013 are provided in the following table: Fiscal Year Ended December 28, 2014 December 29, 2013 Valuation assumptions: Expected dividend yield 0% 0% Expected volatility 32.00% to 34.90% 34.70% to 36.09% Expected term 5.75 to 6.49 years 6.11 years Risk-free interest rate 1.72% to 1.98% 1.05% to 1.12%
Stock Option Activity	Stock option activity during the period indicated is as follows: Number of Weighted Weighted Aggregate Balance as of December 28, 2014 4,459,419 $ 3.76 7.8 $ 28,344 Granted — — Exercised (105,663 ) 3.13 1,991 Repurchased — — Forfeited (6,732 ) 2.03 Expired — — Balance as of December 27, 2015 4,347,024 $ 3.78 6.8 $ 51,198 Exercisable as of December 27, 2015 2,245,753 $ 3.04 6.6 $ 28,111
Summary of Restricted Stock Unit Activity	Restricted stock unit activity during the period indicated is as follows: Number Weighted Nonvested as of December 28, 2014 — $ — Granted 7,893 19.00 Forfeited — — Vested — — Nonvested as of December 27, 2015 7,893 $ 19.00

Selected Quarterly Financial 52

Selected Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Dec. 27, 2015
Unaudited Financial and Operating Information for Each Quarter	Fiscal Year 2015 First Second Third Fourth (in thousands, except per share amounts) Revenues: Company restaurant revenues $ 108,336 114,043 117,536 122,223 Franchise royalty revenues 5,936 6,368 6,436 6,364 Other franchise revenues 375 105 287 193 Total revenues 114,647 120,516 124,259 128,780 Operating income (1) 9,488 13,166 14,479 14,555 Net income 3,438 6,334 8,910 7,844 Net income per share: Basic — 0.31 0.25 0.22 Diluted 0.09 0.17 0.24 0.21 Fiscal Year 2014 First Second Third Fourth (in thousands, except per share amounts) Revenues: Company restaurant revenues $ 90,755 100,642 104,192 111,199 Franchise royalty revenues 5,198 5,676 5,813 6,059 Other franchise revenues 225 222 300 191 Total revenues 96,178 106,540 110,305 117,449 Operating income (2) 10,227 12,556 13,789 14,990 Net income 4,985 6,238 6,986 7,911 Net income per share: Basic — — — — Diluted 0.13 0.17 0.19 0.21 (1) The first and second quarter of fiscal year 2015 include expenses related to the Company’s IPO of $2.7 million and $1.8 million, respectively. (2) The third quarter of fiscal year 2014 includes a $1.5 million gain from the termination of a contract with a beverage vendor.

Description of Business and O53

Description of Business and Organization and Summary of Significant Accounting Policies - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 27, 2015USD ($)RestaurantSegment	Dec. 28, 2014USD ($)Restaurant	Dec. 29, 2013USD ($)Restaurant
Organization And Summary Of Significant Accounting Policies [Line Items]
Number of operating segments | Segment	1
Number of reporting segments | Segment	1
Defined contribution plan, employer match percent	50.00%
Employee contributions, percentage	5.00%
Defined contribution plan, vesting percentage	100.00%
Stock-based compensation expense | $	$ 1,963	$ 1,420	$ 838
Market Development Funds
Organization And Summary Of Significant Accounting Policies [Line Items]
Contributions from franchisees | $	4,800	4,300	3,900
Unspent funds | $	0	400	0
Advertising Fund
Organization And Summary Of Significant Accounting Policies [Line Items]
Contributions from franchisees | $	5,800	5,000	4,000
Unspent funds | $	$ 100	$ 17	$ 34
Non-US
Organization And Summary Of Significant Accounting Policies [Line Items]
Percentage of monthly sales recognized as revenue	5.00%
Maximum
Organization And Summary Of Significant Accounting Policies [Line Items]
Definite lived intangible assets, useful life	38 years
Maximum | UNITED STATES
Organization And Summary Of Significant Accounting Policies [Line Items]
Percentage of monthly sales recognized as revenue	4.00%
Minimum
Organization And Summary Of Significant Accounting Policies [Line Items]
Definite lived intangible assets, useful life	1 year
Minimum | UNITED STATES
Organization And Summary Of Significant Accounting Policies [Line Items]
Percentage of monthly sales recognized as revenue	3.00%
Buildings | Maximum
Organization And Summary Of Significant Accounting Policies [Line Items]
Property and equipment, useful life	40 years
Furniture, fixtures and equipment | Maximum
Organization And Summary Of Significant Accounting Policies [Line Items]
Property and equipment, useful life	5 years
Computer Equipment | Maximum
Organization And Summary Of Significant Accounting Policies [Line Items]
Property and equipment, useful life	3 years
Leaseholds and Leasehold Improvements
Organization And Summary Of Significant Accounting Policies [Line Items]
Property and equipment, estimated useful lives	The lesser of the economic life of the asset or the lease term
Company-Operated
Organization And Summary Of Significant Accounting Policies [Line Items]
Number of restaurants	281	254	225
Closed during the period	3	3
Number of Company-operated stores relocated	3	2
Related party franchised
Organization And Summary Of Significant Accounting Policies [Line Items]
Number of restaurants	320
Independent franchised
Organization And Summary Of Significant Accounting Policies [Line Items]
Number of restaurants	61
Franchised
Organization And Summary Of Significant Accounting Policies [Line Items]
Number of restaurants	381	368	352
Closed during the period	20	4
Number of Company-operated stores relocated	7	1

Number of Franchised, Company-O

Number of Franchised, Company-Operated and System- Wide Restaurants (Detail) - Restaurant	12 Months Ended
	Dec. 27, 2015	Dec. 28, 2014
Franchised
Franchisor Disclosure [Line Items]
Restaurants at the beginning of the fiscal year	368	352
Opened during the fiscal year	34	28
Closed during the fiscal year	(20)	(4)
Refranchised during the fiscal year	(1)	(8)
Restaurants at the end of the fiscal year	381	368
Company-Operated
Franchisor Disclosure [Line Items]
Restaurants at the beginning of the fiscal year	254	225
Opened during the fiscal year	29	24
Closed during the fiscal year	(3)	(3)
Refranchised during the fiscal year	1	8
Restaurants at the end of the fiscal year	281	254
System-Wide
Franchisor Disclosure [Line Items]
Restaurants at the beginning of the fiscal year	622	577
Opened during the fiscal year	63	52
Closed during the fiscal year	(23)	(7)
Restaurants at the end of the fiscal year	662	622

Long-Term Debt (Detail)

Long-Term Debt (Detail) - USD ($) $ in Thousands	Dec. 27, 2015	Dec. 28, 2014
Debt Instrument [Line Items]
Long Term Debt	$ 200,194	$ 228,249
Less: Current maturities of long term debt	0	0
Long-term debt, less current maturities	200,194	228,249
Term Loan
Debt Instrument [Line Items]
Long Term Debt	$ 200,194	$ 228,249

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) - USD ($)	Oct. 26, 2015	Apr. 11, 2014	May. 17, 2013	May. 15, 2013	Oct. 09, 2012	Dec. 27, 2015	Dec. 28, 2014
Debt Instrument [Line Items]
Long Term Debt						$ 200,194,000	$ 228,249,000
First interest rate swap contract
Debt Instrument [Line Items]
Notional amount, interest rate swap			$ 50,000,000
Fixed interest rate			1.3325%
Effective date of interest rate swap agreement			Nov. 30, 2015
Termination date of interest rate swap agreement			Sep. 29, 2017
Second interest rate swap contract
Debt Instrument [Line Items]
Notional amount, interest rate swap			$ 25,000,000
Fixed interest rate			0.70125%
Effective date of interest rate swap agreement			May 31, 2013
Termination date of interest rate swap agreement			May 31, 2017
Third interest rate swap contract
Debt Instrument [Line Items]
Notional amount, interest rate swap	$ 50,000,000
Fixed interest rate	1.115%
Effective date of interest rate swap agreement	Oct. 30, 2015
Termination date of interest rate swap agreement	Oct. 31, 2019
Revolving line of credit
Debt Instrument [Line Items]
Maturity date		Oct. 9, 2018			Oct. 9, 2017
Long Term Debt					$ 25,000,000	0	0
Term Loan
Debt Instrument [Line Items]
Face amount					$ 175,000,000
Maturity date		Oct. 9, 2018			Oct. 9, 2017
Long Term Debt						200,194,000	228,249,000
Borrowed additional amount		$ 50,000,000		$ 50,000,000
Term Loan | One Month Eurodollar
Debt Instrument [Line Items]
Long Term Debt						$ 200,200,000	$ 228,200,000
Interest rate						2.48%	2.91%
Line of Credit
Debt Instrument [Line Items]
Interest rate						4.75%	5.00%
Line of Credit | Federal Funds Rate
Debt Instrument [Line Items]
Interest rate						0.50%
Line of Credit | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Interest rate						1.00%
Line of Credit | Base Rate
Debt Instrument [Line Items]
Interest rate						1.25%	1.75%
Line of Credit | Prime Rate
Debt Instrument [Line Items]
Interest rate						3.50%	3.25%
Line of Credit | Eurodollar loans
Debt Instrument [Line Items]
Interest rate						2.25%	2.75%
Line of Credit | One Month Libor
Debt Instrument [Line Items]
Interest rate						0.42%	0.17%
Line of Credit | Two Month Libor
Debt Instrument [Line Items]
Interest rate						0.51%	0.21%
Line of Credit | Three Month Libor
Debt Instrument [Line Items]
Interest rate						0.60%	0.26%
Line of Credit | Six Month Libor
Debt Instrument [Line Items]
Interest rate						0.83%	0.36%

Principal Payments on Term Loan

Principal Payments on Term Loans Payable (Detail) - USD ($) $ in Thousands	Dec. 27, 2015	Dec. 28, 2014
Debt Instrument [Line Items]
2,016	$ 0
2,017	19,187
2,018	12,882
2,019	19,063
2,020	149,062
Thereafter	0
Total	$ 200,194	$ 228,249

Activity in Accumulated Other C

Activity in Accumulated Other Comprehensive Income (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 27, 2015	Dec. 28, 2014	Dec. 29, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]
Opening balance, accumulated other comprehensive income	$ 146	$ 414
Unrealized loss from effective interest rate swaps, net of tax	(127)	(268)	$ 506
Ending balance, accumulated other comprehensive income	$ 19	$ 146	$ 414

Leases - Additional Information

Leases - Additional Information (Detail) - USD ($)	1 Months Ended			12 Months Ended
	Oct. 31, 2015	Sep. 27, 2015	Mar. 31, 2015	Dec. 27, 2015	Dec. 28, 2014	Dec. 29, 2013
Operating Leased Assets [Line Items]
Future minimum lease payments, residual value				$ 800,000
Amortization of favorable and unfavorable leases				100,000	$ 200,000	$ 300,000
Loss for termination of favorable leases				100,000	0	$ 200,000
Favorable leases, net of accumulated amortization				1,394,000	1,908,000
Unfavorable leases, net of accumulated amortization				1,800,000	2,100,000
Financing Agreement One | Equipment Lease Arrangement
Operating Leased Assets [Line Items]
Maximum borrowing			$ 5,000,000	$ 5,000,000
Remaining borrowing capacity					2,100,000
Expiration date		Mar. 1, 2016	Mar. 1, 2016	Mar. 1, 2015
Lease term			60 months
Percentage added to interest rate			3.00%
Bargain purchase option at the end of the lease			$ 1
Additional maximum borrowing		$ 3,500,000
Financing Agreement One | Equipment Lease Arrangement | Interest Rate Swap Agreements
Operating Leased Assets [Line Items]
Interest rate swap, weighted average life			2 years 7 months 10 days
Financing Agreement Two
Operating Leased Assets [Line Items]
Maximum borrowing			$ 1,800,000	$ 2,500,000
Remaining borrowing capacity					$ 1,100,000
Expiration date	Apr. 30, 2016		Jan. 31, 2016	Dec. 31, 2014
Lease term			60 months
Percentage added to interest rate			3.91%
Bargain purchase option at the end of the lease			$ 1
Additional maximum borrowing	$ 1,400,000
Financing Agreement Two | Interest Rate Swap Agreements
Operating Leased Assets [Line Items]
Interest rate swap, weighted average life			32 months

Schedule of Rent Expenses (Deta

Schedule of Rent Expenses (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 27, 2015	Dec. 28, 2014	Dec. 29, 2013
Operating Leased Assets [Line Items]
Minimum land, building, equipment, and auto rental expense	$ 34,781	$ 30,763	$ 26,033
Contingent and percentage rental expense	1,017	943	1,047
Total before subleases	35,798	31,706	27,080
Less subleases	(1,570)	(1,867)	(1,813)
Total rent expense	$ 34,228	$ 29,839	$ 25,267

Future Minimum Rental Payments

Future Minimum Rental Payments for Operating Leases and Capital Leases (Detail) - USD ($) $ in Thousands	Dec. 27, 2015	Dec. 28, 2014
Capital leases
2,016	$ 7,520
2,017	7,036
2,018	6,163
2,019	4,664
2,020	2,858
Thereafter	4,696
Future minimum lease payments	32,937
Less amounts representing interest	(5,486)
Present value of net minimum capital lease payments	27,451
Less current portion	(5,968)	$ (4,365)
Noncurrent portion	21,483	$ 20,144
Present value of net minimum capital lease payments	27,451
Operating leases
2,016	35,895
2,017	35,053
2,018	33,555
2,019	32,666
2,020	31,465
Thereafter	183,748
Future minimum lease payments	352,382
2,016	43,415
2,017	42,089
2,018	39,718
2,019	37,330
2,020	34,323
Thereafter	188,444
Future minimum lease payments	$ 385,319

Future Minimum Sublease Rentals

Future Minimum Sublease Rentals Due From Lessees (Detail) $ in Thousands	Dec. 27, 2015USD ($)
Sale Leaseback Transaction [Line Items]
2,016	$ 1,456
2,017	1,335
2,018	1,068
2,019	927
2,020	794
Thereafter	1,890
Total	$ 7,470

Estimated Future Amortization E

Estimated Future Amortization Expense (Benefit) of Favorable and Unfavorable Leases (Detail) - Favorable Unfavorable Leases $ in Thousands	Dec. 27, 2015USD ($)
Operating Leased Assets [Line Items]
2,016	$ 105
2,017	37
2,018	15
2,019	(45)
2,020	(142)
Thereafter	(393)
Total	$ (423)

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail)	May. 13, 2015$ / sharesshares	Dec. 27, 2015$ / sharesshares	Dec. 28, 2014$ / sharesshares
Equity [Line Items]
Common stock, par value | $ / shares		$ 0.01	$ 0.01
Common stock, shares authorized		150,000,000	200,000
Preferred stock, par value | $ / shares		$ 0.01	$ 0.01
Preferred stock, shares authorized		25,000,000	200,000
Common stock, shares outstanding		36,009,000	0
Preferred stock, shares outstanding		0	100,000
Stock issued during period, shares	8,900,000
Shares issued, price per share | $ / shares	$ 19
Stock split of common stock	359.03843
Common stock issued description		Holders of the Company’s common stock are entitled to (i) one vote for each share held of record on all matters submitted to a vote of stockholders, (ii) receive ratably any dividends, when and if declared by the board of directors out of funds legally available therefore and (iii) receive ratably, based on the number of shares of common stock held, the remaining assets available for distribution, after payment in full of all amounts required to be paid to creditors and to the holders of preferred stock having liquidation preferences, if any.
Underwriter
Equity [Line Items]
Stock issued during period, shares	1,200,000

Financial Assets and Liabilitie

Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Dec. 27, 2015	Dec. 28, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments for nonqualified deferred compensation plan (included with other noncurrent assets on the consolidated balance sheets)	$ 2,628	$ 2,202
Interest rate swap (included with other noncurrent assets on the consolidated balance sheets)	437	338
Interest rate swap (included with other noncurrent liabilities on the consolidated balance sheets)	(405)	(100)
Quoted Prices in active market for identical instruments (Level 1) | Other Noncurrent Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments for nonqualified deferred compensation plan	2,628	2,202
Significant other observable inputs (Level 2) | Other Noncurrent Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap	437	338
Significant other observable inputs (Level 2) | Other Noncurrent Liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap	(405)	(100)
Carrying value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments for nonqualified deferred compensation plan (included with other noncurrent assets on the consolidated balance sheets)	2,628	2,202
Interest rate swap (included with other noncurrent assets on the consolidated balance sheets)	437	338
Interest rate swap (included with other noncurrent liabilities on the consolidated balance sheets)	$ (405)	$ (100)

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($)	Dec. 27, 2015	Dec. 28, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value, assets, Level 1 to Level 2 transfers, amount	$ 0	$ 0
Fair value, assets, Level 2 to Level 1 transfers, amount	0	0
Fair value, liabilities, Level 2 to Level 1 transfers, amount	$ 0	$ 0

Accounts and Vendor Receivabl67

Accounts and Vendor Receivables (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 27, 2015	Dec. 28, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 3,097	$ 2,770
Vendor receivables	1,968	1,682
Allowance for doubtful accounts	(329)	(167)
Accounts and vendor receivables, net	4,736	4,285
Accounts receivable, related parties	425	774
Allowance for doubtful accounts	(22)	(38)
Accounts receivable, related parties, net	403	736
The change in allowance for doubtful accounts
Beginning balance	205	137
Bad debt expense, net	239	78
Write-offs and other	(93)	(10)
Ending balance	$ 351	$ 205

Components of Inventories (Deta

Components of Inventories (Detail) - USD ($) $ in Thousands	Dec. 27, 2015	Dec. 28, 2014
Inventory [Line Items]
Inventories, net	$ 3,080	$ 2,743
Food
Inventory [Line Items]
Inventories, net	2,421	2,123
Paper
Inventory [Line Items]
Inventories, net	$ 659	$ 620

Other Current Assets (Detail)

Other Current Assets (Detail) - USD ($) $ in Thousands	Dec. 27, 2015	Dec. 28, 2014
Other Current Assets [Line Items]
Income taxes refundable	$ 2,887	$ 855
Prepaid expenses	1,076	647
Deferred income taxes	1,676	1,167
Other current assets	$ 5,639	$ 2,669

Property and Equipment, Net (De

Property and Equipment, Net (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 27, 2015	Dec. 28, 2014
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 89,618	$ 73,877
Accumulated depreciation	(26,830)	(20,750)
Accumulated amortization	(14,651)	(10,649)
Property and equipment, net	48,137	42,478
Buildings
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 1,330	620
Buildings | Maximum
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	40 years
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 16,798	14,837
Furniture, fixtures and equipment | Maximum
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	5 years
Leasehold Improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 22,987	20,145
Leasehold Improvements | Maximum
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	20 years
Capital leases | Capital leases, buildings
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 8,553	8,553
Capital leases | Capital leases, buildings | Maximum
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	40 years
Capital leases | Capital leases, equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 22,956	17,466
Capital leases | Capital leases, equipment | Maximum
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	5 years
Capital leases | Capital leases, automobiles
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 3,297	2,689
Capital leases | Capital leases, automobiles | Maximum
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	5 years
Land
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 1,509	1,140
Construction in Progress
Property, Plant and Equipment [Line Items]
Property and equipment, gross	3,408	3,015
Computer hardware and software
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 8,780	$ 5,412
Computer hardware and software | Maximum
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	3 years

Property and Equipment, Net - A

Property and Equipment, Net - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 27, 2015	Dec. 28, 2014	Dec. 29, 2013
Property, Plant and Equipment [Line Items]
Depreciation and amortization	$ 2,809	$ 2,372	$ 2,177
Property and Equipment
Property, Plant and Equipment [Line Items]
Depreciation and amortization	$ 13,200	$ 11,000	$ 10,300

Franchise Rights, Net (Detail)

Franchise Rights, Net (Detail) - USD ($) $ in Thousands	Dec. 27, 2015	Dec. 28, 2014
Finite-Lived Intangible Assets [Line Items]
Franchise rights, net	$ 25,341	$ 26,438
Franchise Rights
Finite-Lived Intangible Assets [Line Items]
Franchise rights, including reacquired franchise rights	29,623	29,623
Less accumulated amortization	(4,282)	(3,185)
Franchise rights, net	$ 25,341	$ 26,438

Franchise Rights, Net - Additio

Franchise Rights, Net - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2015	Dec. 28, 2014	Dec. 29, 2013
Franchise Rights
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 1.1	$ 1	$ 0.9

Estimated Future Amortization74

Estimated Future Amortization Expense (Detail) - USD ($) $ in Thousands	Dec. 27, 2015	Dec. 28, 2014
Finite-Lived Intangible Assets [Line Items]
Total	$ 25,341	$ 26,438
Franchise Rights
Finite-Lived Intangible Assets [Line Items]
2,016	1,097
2,017	1,097
2,018	1,097
2,019	1,097
2,020	1,081
Thereafter	19,872
Total	$ 25,341	$ 26,438

Deferred Debt Issuance Costs,75

Deferred Debt Issuance Costs, Net (Detail) - USD ($) $ in Thousands	Dec. 27, 2015	Dec. 28, 2014
Deferred Financing Cost [Line Items]
Deferred debt issuance costs	$ 4,809	$ 4,254
Less accumulated amortization	(2,350)	(1,528)
Deferred debt issuance costs, net	$ 2,459	$ 2,726

Deferred Debt Issuance Costs,76

Deferred Debt Issuance Costs, Net - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 27, 2015USD ($)
Deferred Financing Cost [Line Items]
Deferred debt issuance costs	$ 0.6

Deferred Financing Estimated Fu

Deferred Financing Estimated Future Amortization Expense (Detail) - USD ($) $ in Thousands	Dec. 27, 2015	Dec. 28, 2014
Deferred Financing Cost [Line Items]
Franchise rights, net	$ 25,341	$ 26,438
Deferred Debt Issuance Costs
Deferred Financing Cost [Line Items]
2,016	562
2,017	561
2,018	517
2,019	477
2,020	342
Thereafter	0
Franchise rights, net	$ 2,459

Components of Other Noncurrent

Components of Other Noncurrent Assets (Detail) - USD ($) $ in Thousands	Dec. 27, 2015	Dec. 28, 2014
Other Noncurrent Assets [Line Items]
Investments for nonqualified deferred compensation plan	$ 2,628	$ 2,202
Interest rate swap asset	437	338
Deferred initial public offering costs		846
Other noncurrent assets	608	433
Other noncurrent assets	$ 3,673	$ 3,819

Other Noncurrent Assets - Addit

Other Noncurrent Assets - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Jun. 28, 2015	Mar. 29, 2015	Dec. 27, 2015
Other Noncurrent Assets [Line Items]
Expenses related to IPO including the previously deferred initial public offering costs	$ 1.8	$ 2.7	$ 4.6

Accrued Expenses (Detail)

Accrued Expenses (Detail) - USD ($) $ in Thousands	Dec. 27, 2015	Dec. 28, 2014
Accrued Liabilities [Line Items]
Payroll & related	$ 12,316	$ 11,938
Sales and property taxes	2,472	2,268
Gift cards	974	761
Utilities	1,092	1,107
Occupancy	481	490
Interest	715	796
Other	1,036	1,119
Accrued expenses	$ 19,086	$ 18,479

Other Current Liabilities (Deta

Other Current Liabilities (Detail) - USD ($) $ in Thousands	Dec. 27, 2015	Dec. 28, 2014
Other Current Liabilities [Line Items]
Financing obligations under build-to-suit transactions	$ 1,594	$ 937
Closed store obligation	184	155
Other	377	563
Other current liabilities	$ 2,155	$ 1,655

Other Noncurrent Liabilities (D

Other Noncurrent Liabilities (Detail) - USD ($) $ in Thousands	Dec. 27, 2015	Dec. 28, 2014
Other Non Current Liabilities [Line Items]
Deferred rents	$ 5,875	$ 4,271
Unfavorable lease liability, net	1,817	2,111
Deferred compensation	2,628	2,202
Deferred revenue	717	598
Closed store obligation	356	454
Interest rate swap liability	405	100
Other noncurrent liabilities	36	35
Other noncurrent liabilities	$ 11,834	$ 9,771

Change in Closed Store Obligati

Change in Closed Store Obligation (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 27, 2015	Dec. 28, 2014	Dec. 29, 2013
Restructuring Cost and Reserve [Line Items]
Closed store obligation, beginning of fiscal year	$ 609	$ 621
Cash payments for lease obligations, net of cash received on subleases and the change in present value of future lease obligations	(105)	(114)
Provision for closed stores	36	102	$ (50)
Closed store obligation, end of fiscal year	540	609	$ 621
Less current portion	(184)	(155)
Noncurrent closed store obligation	$ 356	$ 454

Income Tax Expense (Detail)

Income Tax Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 27, 2015	Dec. 28, 2014	Dec. 29, 2013
Current:
U.S. federal	$ 16,021	$ 14,387	$ 10,911
State and local	2,005	2,182	1,916
Total current	18,026	16,569	12,827
Deferred:
U.S. federal	(566)	(987)	1,021
State and local	(1,426)	7	(3,933)
Total deferred	(1,992)	(980)	(2,912)
Income tax expense	$ 16,034	$ 15,589	$ 9,915

Difference between Income Taxes

Difference between Income Taxes Computed at Federal Statutory Rate and Provision for Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 27, 2015	Dec. 28, 2014	Dec. 29, 2013
Reconciliation of Statutory Federal Tax Rate [Line Items]
Computed "expected" tax expense	$ 14,896	$ 14,598	$ 11,985
Increase (reduction) in income taxes resulting from:
Work Opportunity and Welfare to Work tax credits, net of federal income tax expense	(795)	(460)	(785)
State and local income taxes, net of federal income tax expense/benefit	376	1,423	(1,312)
Expenses related to public offerings not deductible for income tax purposes	1,548
Meals and entertainment	27	20	17
Other, net	(18)	8	10
Income tax expense	$ 16,034	$ 15,589	$ 9,915
Computed "expected" tax expense	35.00%	35.00%	35.00%
Increase (reduction) in income taxes resulting from:
Work Opportunity and Welfare to Work tax credits, net of federal income tax expense	(1.90%)	(1.10%)	(2.30%)
State and local income taxes, net of federal income tax expense/benefit	0.90%	3.40%	(3.80%)
Expenses related to public offerings not deductible for income tax purposes	3.60%	0.00%	0.00%
Meals and entertainment	0.10%	0.10%	0.10%
Other, net	0.00%	0.00%	0.00%
Total	37.70%	37.40%	29.00%

Deferred Income Tax Assets and

Deferred Income Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	Dec. 27, 2015	Dec. 28, 2014
Current deferred tax assets (liabilities):
Capital lease assets and obligations and property and equipment	$ 718	$ 647
Reserves, accruals, and other assets	1,274	815
Discount on early repayment of debt	(592)	(592)
Accrued vacation	276	297
Current deferred tax assets (liabilities), net	1,676	1,167
Noncurrent deferred tax assets (liabilities):
Brand	(101,988)	(102,858)
Franchise rights and other intangible assets	(15,970)	(15,425)
Discount on early repayment of debt	(1,185)	(1,778)
Capital lease assets and obligations and property and equipment	(1,647)	(868)
Deferred compensation	1,000	845
Stock-based compensation	2,099	1,448
Deferred rent	2,235	1,639
Reserves, accruals, and other assets	428	408
Noncurrent deferred tax assets (liabilities), net	$ (115,028)	$ (116,589)

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	Dec. 27, 2015	Dec. 28, 2014
Income Taxes [Line Items]
Valuation allowance for deferred tax assets	$ 0	$ 0

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 27, 2015USD ($)	Dec. 28, 2014USD ($)Franchisee	Dec. 29, 2013
Commitment And Contingencies [Line Items]
Number of franchisees		3
Guarantees expiration year	2,018
Carrying value of debt covered by additional guarantee | $	$ 0.1	$ 0.2
Related Party Franchisees
Commitment And Contingencies [Line Items]
Number of franchisees		1
Royalty Revenue | Franchisee
Commitment And Contingencies [Line Items]
Concentration percentage	44.00%	45.00%	45.00%
Accounts Receivable | Franchisee
Commitment And Contingencies [Line Items]
Concentration percentage	44.00%	44.00%

Minimum Future Payments Under S

Minimum Future Payments Under Sponsorship Agreements (Detail) - Sponsorship Agreement $ in Thousands	Dec. 27, 2015USD ($)
Other Commitments [Line Items]
2,016	$ 3,049
2,017	2,481
2,018	1,707
2,019	1,011
2,020	73
Thereafter	0
Total	$ 8,321

Employee Benefit Plans - Additi

Employee Benefit Plans - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 27, 2015	Dec. 28, 2014	Dec. 29, 2013
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Defined contribution, employer matching expense	$ 700	$ 600	$ 500
Deferred compensation plan, assets	$ 2,628	2,202
Monthly stipend amount for eligible employees description	Under the terms of the plan, upon retirement and until age 65, eligible employees and their spouses may purchase coverage under the Company's health insurance plan. The participants must pay the full cost of the coverage. In addition, upon reaching the age of 65, eligible employees and their spouses will receive a $25 stipend each month for the purchase of Medicare gap insurance coverage.
Post-retirement benefit plan, liability	$ 36	$ 35

Computation of Basic and Dilute

Computation of Basic and Diluted Net Income Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 27, 2015	Sep. 27, 2015	Jun. 28, 2015	Mar. 29, 2015	Dec. 28, 2014	Sep. 28, 2014	Jun. 28, 2014	Mar. 30, 2014	Dec. 27, 2015	Dec. 28, 2014	Dec. 29, 2013
Earnings Per Share Note [Line Items]
Net income	$ 7,844	$ 8,910	$ 6,334	$ 3,438	$ 7,911	$ 6,986	$ 6,238	$ 4,985	$ 26,526	$ 26,120	$ 24,327
Weighted average number of common shares outstanding-basic									23,118
Weighted average number of common shares assumed from the conversion of Series A Preferred Stock									12,822	35,904	35,904
Weighted average number of common shares outstanding-diluted									37,464	37,429	36,949
Net income per share-basic	$ 0.22	$ 0.25	$ 0.31						$ 1.15
Net income per share-diluted	$ 0.21	$ 0.24	$ 0.17	$ 0.09	$ 0.21	$ 0.19	$ 0.17	$ 0.13	$ 0.71	$ 0.70	$ 0.66
Equity Option
Earnings Per Share Note [Line Items]
Weighted average dilutive effect of stock									1,522	1,525	1,045
Restricted Stock Units
Earnings Per Share Note [Line Items]
Weighted average dilutive effect of stock									2

Stock Compensation Plan - Addit

Stock Compensation Plan - Additional Information (Detail) - USD ($) $ in Thousands	May. 13, 2015	Dec. 27, 2015	Dec. 28, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock units granted		0
Outstanding stock options		4,347,024	4,459,419
Time Based Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation costs		$ 2,200
Period of recognition		2 years 8 months 12 days
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock units granted	2,631
Unrecognized compensation costs		$ 52
Period of recognition		3 months 18 days
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation costs		$ 2,200
Outstanding stock options		1,200,000
2011 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for issuance		8,500,000
Number of additional shares available for grant		4,000,000
2011 Equity Incentive Plan | Maximum | Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of option		10 years

Assumptions Used for Grants (De

Assumptions Used for Grants (Detail)	12 Months Ended
	Dec. 28, 2014	Dec. 29, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend yield	0.00%	0.00%
Expected volatility, minimum	32.00%	34.70%
Expected volatility, maximum	34.90%	36.09%
Expected term		6 years 1 month 10 days
Risk-free interest rate, minimum	1.72%	1.05%
Risk-free interest rate, maximum	1.98%	1.12%
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term	5 years 9 months
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term	6 years 5 months 27 days

Stock Option Activity (Detail)

Stock Option Activity (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 27, 2015	Dec. 28, 2014
Number of shares
Balance as of December 28, 2014	4,459,419
Granted	0
Exercised	(105,663)
Repurchased	0
Forfeited	(6,732)
Expired	0
Balance as of December 27, 2015	4,347,024	4,459,419
Exercisable as of December 27, 2015	2,245,753
Weighted average exercise price
Balance as of December 28, 2014	$ 3.76
Granted	0
Exercised	3.13
Repurchased	0
Forfeited	2.03
Expired	0
Balance as of December 27, 2015	3.78	$ 3.76
Exercisable as of December 27, 2015	$ 3.04
Weighted average remaining contractual term
Option Outstanding Weighted Average Remaining Term	6 years 9 months 18 days	7 years 9 months 18 days
Options Exercisable Weighted Average Remaining Term	6 years 7 months 6 days
Aggregate intrinsic value
Balance as of December 28, 2014	$ 1,991
Balance as of December 27, 2015	51,198	$ 1,991
Exercisable as of December 27, 2015	$ 28,111

Summary of Restricted Stock Uni

Summary of Restricted Stock Unit Activity (Detail) - Restricted Stock and Restricted Stock Units shares in Thousands	12 Months Ended
	Dec. 27, 2015$ / sharesshares
Number of Restricted shares
Granted | shares	7,893
Forfeited | shares	0
Vested | shares	0
Ending Balance | shares	7,893
Restricted shares weighted average fair value at grant date
Granted | $ / shares	$ 19
Forfeited | $ / shares	0
Vested | $ / shares	0
Ending Balance | $ / shares	$ 19

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 27, 2015	Dec. 28, 2014	Dec. 29, 2013
JZF Properties LLC
Related Party Transaction [Line Items]
Total rent payments to related party	$ 200,000	$ 200,000	$ 200,000
MAR Real Estate LLC
Related Party Transaction [Line Items]
Total rent payments to related party	200,000	100,000	30,000
Advent International Corporation
Related Party Transaction [Line Items]
Total expenses incurred to related party	38,000	100,000	27,000
Accounts payable due to related party	0	0
Panthers Football LLC
Related Party Transaction [Line Items]
Total expenses incurred to related party	700,000	700,000	600,000
Cajun Jacks LLC
Related Party Transaction [Line Items]
Gross accounts receivable due from related party	9,000	9,000
Royalty revenue from related party	100,000	100,000	100,000
New Generation Foods LLC
Related Party Transaction [Line Items]
Gross accounts receivable due from related party	100,000	45,000
Royalty revenue from related party	500,000	500,000	400,000
Franchise fee revenue from related party	$ 100,000	0	0
New Generation Foods LLC | Maximum | From January 29, 2014 through July 31, 2015
Related Party Transaction [Line Items]
Advertising expenditures percentage on sales	1.00%
New Generation Foods LLC | Advertising Expenditures
Related Party Transaction [Line Items]
Total payment made to related party	$ 100,000	100,000
Tri Arc Food Systems Inc
Related Party Transaction [Line Items]
Gross accounts receivable due from related party	400,000	400,000
Royalty revenue from related party	4,900,000	4,600,000	4,300,000
Franchise fee revenue from related party	38,000	100,000	100,000
Tri Arc Food Systems Inc | Marketing Costs
Related Party Transaction [Line Items]
Total payment made to related party	100,000	100,000	100,000
Palmetto Lowcountry Properties, LLC
Related Party Transaction [Line Items]
Total rent payments to related party	100,000	0	0
Catco Bo Memorial LLC
Related Party Transaction [Line Items]
Total rent payments to related party	$ 23,000	$ 0	$ 0

Selected Quarterly Financial 97

Selected Quarterly Financial Data (Unaudited) (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended																12 Months Ended
	Dec. 27, 2015		Sep. 27, 2015		Jun. 28, 2015		Mar. 29, 2015		Dec. 28, 2014		Sep. 28, 2014		Jun. 28, 2014		Mar. 30, 2014		Dec. 27, 2015	Dec. 28, 2014	Dec. 29, 2013
Revenues:
Company restaurant revenues	$ 122,223		$ 117,536		$ 114,043		$ 108,336		$ 111,199		$ 104,192		$ 100,642		$ 90,755		$ 462,138	$ 406,788	$ 353,592
Franchise royalty revenues	6,364		6,436		6,368		5,936		6,059		5,813		5,676		5,198		25,104	22,746	20,572
Other franchise revenues	193		287		105		375		191		300		222		225		960	938	998
Total revenues	128,780		124,259		120,516		114,647		117,449		110,305		106,540		96,178		488,202	430,472	375,162
Operating income	14,555	[1]	14,479	[1]	13,166	[1]	9,488	[1]	14,990	[2]	13,789	[2]	12,556	[2]	10,227	[2]	51,688	51,563	43,321
Net income	$ 7,844		$ 8,910		$ 6,334		$ 3,438		$ 7,911		$ 6,986		$ 6,238		$ 4,985		$ 26,526	$ 26,120	$ 24,327
Basic	$ 0.22		$ 0.25		$ 0.31												$ 1.15
Diluted	$ 0.21		$ 0.24		$ 0.17		$ 0.09		$ 0.21		$ 0.19		$ 0.17		$ 0.13		$ 0.71	$ 0.70	$ 0.66
[1]	The first and second quarter of fiscal year 2015 include expenses related to the Company's IPO of $2.7 million and $1.8 million, respectively.
[2]	The third quarter of fiscal year 2014 includes a $1.5 million gain from the termination of a contract with a beverage vendor.

Selected Quarterly Financial 98

Selected Quarterly Financial Data (Unaudited) - Additional Information (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended			12 Months Ended
	Jun. 28, 2015	Mar. 29, 2015	Sep. 28, 2014	Dec. 27, 2015
Quarterly Financial Information [Line Items]
Expenses related to IPO including the previously deferred initial public offering costs	$ 1.8	$ 2.7		$ 4.6
Gain from termination of contract			$ 1.5