Bojangles' (BOJA) 10-Q 27 Jul 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 25, 2017	Jul. 24, 2017
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 25, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Trading Symbol	BOJA
Entity Registrant Name	BOJANGLES', INC.
Entity Central Index Key	1,630,132
Current Fiscal Year End Date	--12-25
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		36,999,264

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 25, 2017	Dec. 25, 2016
Current assets:
Cash and cash equivalents	$ 14,765	$ 13,898
Accounts and vendor receivables, net of allowance for doubtful accounts of $151 and $135	6,252	5,421
Accounts receivable, related parties, net of allowance for doubtful accounts of $22 and $22	410	386
Inventories, net	3,290	3,326
Other current assets	5,269	3,033
Total current assets	29,986	26,064
Property and equipment, net	55,300	52,275
Goodwill	161,140	161,140
Brand	290,500	290,500
Franchise rights, net	23,695	24,243
Favorable leases, net	826	981
Other noncurrent assets	3,989	4,569
Total assets	565,436	559,772
Current liabilities:
Accounts payable	11,505	16,818
Accrued expenses	23,329	17,940
Current maturities of long-term debt		2,132
Current maturities of capital lease obligations	7,895	7,299
Other current liabilities	4,798	4,390
Total current liabilities	47,527	48,579
Long-term debt, less current maturities and deferred debt issuance costs, net	141,924	153,630
Deferred income taxes	111,190	111,312
Capital lease obligations, less current maturities	22,887	22,524
Other noncurrent liabilities	13,267	12,937
Total liabilities	336,795	348,982
Commitments and contingencies (notes 2, 11 and 12)
Stockholders' equity:
Preferred stock, $0.01 par value; 25,000 shares authorized and no shares issued and outstanding as of both June 25, 2017 and December 25, 2016
Common stock, $0.01 par value; 150,000 shares authorized and 36,867 and 36,547 shares issued and outstanding as of June 25, 2017 and December 25, 2016, respectively	368	365
Additional paid-in capital	126,412	124,802
Retained earnings	101,611	85,377
Accumulated other comprehensive income	250	246
Total stockholders' equity	228,641	210,790
Total liabilities and stockholders' equity	$ 565,436	$ 559,772

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 25, 2017	Dec. 25, 2016
Accounts receivable, allowance for doubtful accounts	$ 151	$ 135
Accounts receivable, related parties, allowance for doubtful accounts	$ 22	$ 22
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	25,000,000	25,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	36,867,000	36,547,000
Common stock, shares outstanding	36,867,000	36,547,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 25, 2017	Jun. 26, 2016	Jun. 25, 2017	Jun. 26, 2016
Revenues:
Company restaurant revenues	$ 127,058	$ 124,674	$ 251,841	$ 246,088
Franchise royalty revenues	6,978	6,621	13,491	12,793
Other franchise revenues	338	300	538	370
Total revenues	134,374	131,595	265,870	259,251
Company restaurant operating expenses:
Food and supplies costs	39,998	39,020	78,683	77,541
Restaurant labor costs	36,937	34,525	73,284	67,861
Operating costs	29,741	26,607	59,432	55,020
Depreciation and amortization	3,374	3,124	6,581	6,207
Total Company restaurant operating expenses	110,050	103,276	217,980	206,629
Operating income before other operating expenses	24,324	28,319	47,890	52,622
Other operating expenses:
General and administrative	9,817	9,402	18,770	18,912
Depreciation and amortization	753	716	1,478	1,433
Impairment	700	187	996	389
(Gain) loss on disposal of property and equipment and other	(125)	10	(104)	(189)
Total other operating expenses	11,145	10,315	21,140	20,545
Operating income	13,179	18,004	26,750	32,077
Amortization of deferred debt issuance costs	(176)	(222)	(294)	(369)
Interest income	12	2	13	3
Interest expense	(1,614)	(1,937)	(3,281)	(3,962)
Income before income taxes	11,401	15,847	23,188	27,749
Income taxes	2,784	5,816	6,954	9,874
Net income	8,617	10,031	16,234	17,875
Other comprehensive (loss) income, net of tax
Change in fair value on interest rate swaps, net of income tax benefit (expense)	(79)	(356)	4	(771)
Comprehensive income	$ 8,538	$ 9,675	$ 16,238	$ 17,104
Net income per share:
Net income per share-basic	$ 0.23	$ 0.28	$ 0.44	$ 0.49
Net income per share-diluted	$ 0.22	$ 0.27	$ 0.42	$ 0.48

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Operations and Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 25, 2017	Jun. 26, 2016	Jun. 25, 2017	Jun. 26, 2016
Interest rate swaps, net of income tax benefit (expense)	$ 48	$ 219	$ (2)	$ 474

Condensed Consolidated Stateme6

Condensed Consolidated Statement of Stockholders' Equity - USD ($) $ in Thousands	Total	Common stock	Additional paid-in capital	Retained earnings	Accumulated other comprehensive income
Beginning balance at Dec. 27, 2015					$ 19
Change in fair value on interest rate swaps, net of income tax benefit (expense)	$ 227
Ending balance at Dec. 25, 2016	$ 210,790	$ 365	$ 124,802	$ 85,377	246
Ending balance (Shares) at Dec. 25, 2016	36,547,000	36,547,000
Net income	$ 16,234			16,234
Change in fair value on interest rate swaps, net of income tax benefit (expense)	4				4
Stock option exercises	$ 1,035	$ 3	1,032
Stock option exercises (in shares)	297,234	297,000
Vesting of restricted stock units	$ (103)		(103)
Vesting of restricted stock units (in shares)		23,000
Stock-based compensation	681		681
Ending balance at Jun. 25, 2017	$ 228,641	$ 368	$ 126,412	$ 101,611	$ 250
Ending balance (Shares) at Jun. 25, 2017	36,867,000	36,867,000

Condensed Consolidated Stateme7

Condensed Consolidated Statement of Stockholders' Equity (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 25, 2017	Jun. 26, 2016	Jun. 25, 2017	Jun. 26, 2016
Change in fair value on interest rate swaps, tax	$ (48)	$ (219)	$ 2	$ (474)

Condensed Consolidated Stateme8

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 25, 2017	Jun. 26, 2016	Jun. 25, 2017	Jun. 26, 2016
Cash flows from operating activities:
Net income	$ 8,617	$ 10,031	$ 16,234	$ 17,875
Adjustments to reconcile net income to net cash provided by operating activities:
Deferred income tax benefit			(125)	(775)
Depreciation and amortization			8,059	7,640
Amortization of deferred debt issuance costs	176	222	294	369
Impairment	700	187	996	389
Gain on disposal of property and equipment and other	(125)	10	(104)	(189)
Provision (benefit) for doubtful accounts			16	(138)
(Benefit) provision for inventory spoilage			(2)	3
Benefit for closed stores				(51)
Stock-based compensation			681	549
Excess tax benefit from stock-based compensation				(1,573)
Changes in operating assets and liabilities			(1,964)	1,188
Net cash provided by operating activities			24,085	25,287
Cash flows from investing activities:
Purchases of property and equipment			(6,472)	(3,950)
Proceeds from disposition of property and equipment			41	49
Net cash used in investing activities			(6,431)	(3,901)
Cash flows from financing activities:
Principal payments on long-term debt			(14,132)	(17,669)
Stock option exercises			1,035	756
Vesting of restricted stock units			(103)
Excess tax benefit from stock-based compensation				1,573
Principal payments on capital lease obligations			(3,587)	(2,885)
Net cash used in financing activities			(16,787)	(18,225)
Net increase in cash and cash equivalents			867	3,161
Cash and cash equivalents balance, beginning of fiscal period			13,898	14,263
Cash and cash equivalents balance, end of fiscal period	14,765	17,424	14,765	17,424
Supplemental cash flow disclosures:
Cash paid for interest			3,258	3,957
Cash paid for income taxes			8,485	7,923
Assets acquired under capital leases			4,679	3,799
Net change in assets under financing obligations	$ 554	$ 808	554	808
Reduction of capital lease obligations upon return of assets			$ 102	138
Reduction of capital lease obligations upon early termination of lease				$ 288

Summary of Significant Operatio

Summary of Significant Operations and Accounting Policies	6 Months Ended
	Jun. 25, 2017
Summary of Significant Operations and Accounting Policies	(1) Summary of Significant Operations and Accounting Policies (a) Operations 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 June 25, 2017, there were 314 Company-operated restaurants, 61 related party franchised restaurants, and 365 independent franchised restaurants operating under the Bojangles’ ® The following is the number of Bojangles’ franchised, Company-operated twenty-six Thirteen Weeks Ended June 25, 2017 Twenty-Six June 25, 2017 Franchised Company- System- Franchised Company- System- Restaurants at the beginning of the period 414 314 728 407 309 716 Opened during the period 7 7 14 14 13 27 Closed during the period — (2 ) (2 ) — (3 ) (3 ) Refranchised during the period 5 (5 ) — 5 (5 ) — Restaurants at the end of the period 426 314 740 426 314 740 Restaurants closed during the period reflects permanent closures and excludes any temporary closures for items such as remodels, scrape and rebuilds, casualty events, severe weather conditions or any other short-term closure. A relocation results in a closure and an opening. During the thirteen and twenty-six (b) Basis of Presentation and Consolidation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles and practices of the United States of America (“GAAP”) for interim financial information. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair statement of the results for interim periods have been included. Certain information and footnote disclosures normally included in audited consolidated financial statements presented in accordance with GAAP have been condensed or omitted pursuant to rules and regulations of the SEC. These condensed consolidated financial statements should be read in conjunction with the Company’s results of operations, financial positions and cash flows in the Company’s financial statements as of and for the fiscal year ended December 25, 2016. Certain prior period balances have been reclassified to conform to current period presentation. The results of operations and cash flows reported in these condensed consolidated financial statements should not be regarded as necessarily indicative of results that may be expected for the entire fiscal year. 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. (c) Fiscal Year The Company operates on a 52- 53-week (d) Use of Accounting Estimates The preparation of condensed 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) 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 2014-09”). 2014-09. 2014-09 2014-09 2014-09 2014-09 In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) 2016-02”), 2016-02 right-of-use 2016-02 2016-02 2016-02 build-to-suit In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting 2016-09”), 2016-09 2016-09 2016-09 2016-09 2016-09 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 of these proposals, but will make such an evaluation as the standards are finalized.

Long-Term Debt

Long-Term Debt	6 Months Ended
	Jun. 25, 2017
Long-Term Debt	(2) Long-Term Long-term June 25, December 25, Term Loan, due October 9, 2020 $ 143,326 157,458 Revolving line of credit, due October 9, 2020 — — Total long-term debt 143,326 157,458 Less: Current maturities of long term debt — (2,132 ) Less: Deferred debt issuance costs, net (1,402 ) (1,696 ) Long-term debt, less current maturities and deferred debt issuance costs, net $ 141,924 153,630 June 25, December 25, Deferred debt issuance costs $ 4,809 4,809 Less accumulated amortization (3,407 ) (3,113 ) Deferred debt issuance costs, net $ 1,402 1,696 (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 contains both a term loan component and a revolving line of credit. The Credit Agreement was subsequently amended on May 15, 2013, April 11, 2014, July 23, 2015, September 25, 2015 and October 19, 2016. As of June 25, 2017, there were outstanding balances under the term loan in one-month one-month As of June 25, 2017 and December 25, 2016, there were no outstanding balances under the revolving line of credit. 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 June 25, 2017. Debt issuance costs are capitalized and amortized using the effective interest method over the term of the related loan. (b) Interest Rate Swap Agreements The Company enters into interest-rate-related derivative instruments to manage its exposure related to changes in interest rates on its variable-rate debt instruments. The Company does not enter into derivative instruments for any purpose other than cash flow hedging. The Company does not speculate using derivative instruments. By using derivative financial instruments to hedge exposures to changes in interest rates, the Company exposes itself to credit risk. Credit risk is the failure of the counterparty to perform under the terms of the derivative contract. When the fair value of a derivative contract is positive, the counterparty owes the Company, which creates credit risk for the Company. When the fair value of a derivative contract is negative, the Company owes the counterparty and, therefore, the Company is not exposed to the counterparty’s credit risk in those circumstances. The Company minimizes counterparty credit risk in derivative instruments by entering into transactions with high-quality counterparties. The derivative instruments entered into by the Company do not contain credit-risk-related contingent features. The Company assesses interest rate risk by continually identifying and monitoring changes in interest rate exposures that may adversely impact expected future cash flows and by evaluating hedging opportunities. The Company maintains risk management control systems to monitor interest rate risk attributable to both the Company’s outstanding or forecasted debt obligations as well as the Company’s offsetting hedge positions. The Company enters into variable-rate LIBOR debt under the term loan portion of the Credit Agreement. The debt obligations expose the Company to variability in interest payments due to changes in interest rates. Management believes that it is prudent to limit the variability of a portion of its interest payments. To meet this objective, management entered into LIBOR-based interest rate swap agreements to manage fluctuations in cash flows resulting from changes in the benchmark interest rate of LIBOR. These swaps change the variable-rate cash flow exposure on part of the debt obligations to fixed cash flows. Under the terms of the interest rate swaps, the Company receives LIBOR-based variable interest rate payments and makes fixed interest rate payments, thereby creating the equivalent of fixed-rate debt for the notional amount of its debt hedged. In connection with the Credit Agreement, as of June 25, 2017, the Company has two variable-to-fixed one-month one-month The activity in accumulated other comprehensive income is as follows (in thousands): Twenty-Six Fiscal Year Opening balance, accumulated other comprehensive income $ 246 19 Unrealized gain from effective interest rate swap, net of tax 4 227 Ending balance, accumulated other comprehensive income $ 250 246

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 25, 2017
Fair Value Measurements	(3) 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, 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, the rate on the fixed leg of the swaps and counterparty credit worthiness. There were two interest rate swaps outstanding as of June 25, 2017. 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 Significant Significant Fair value measurement as of June 25, 2017: Investments for nonqualified deferred compensation plan (included with other noncurrent assets on the consolidated balance sheets) $ 2,852 2,852 — — Interest rate swap (included with other noncurrent assets on the consolidated balance sheets) 416 — 416 — Interest rate swap (included with other current liabilities on the consolidated balance sheets) (15 ) — (15 ) — Fair value measurement as of December 25, 2016: Investments for nonqualified deferred compensation plan (included with other noncurrent assets on the consolidated balance sheets) $ 3,112 3,112 — — Interest rate swap (included with other current assets and other other noncurrent assets on the consolidated balance sheets) 561 — 561 — Interest rate swap (included with other current liabilities on the consolidated balance sheets) (166 ) — (166 ) — There were no transfers into or out of Level 1 and Level 2 fair value measurements during the twenty-six Our 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. Our 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.

Other Current Assets

Other Current Assets	6 Months Ended
	Jun. 25, 2017
Other Current Assets	(4) Other Current Assets Other current assets consist of the following (in thousands): June 25, December 25, Prepaid expenses $ 2,357 1,517 Income taxes refundable 2,912 1,505 Interest rate swap asset — 11 Other current assets $ 5,269 3,033

Property and Equipment, Net

Property and Equipment, Net	6 Months Ended
	Jun. 25, 2017
Property and Equipment, Net	(5) Property and Equipment, Net Property and equipment, net consist of the following (in thousands): Useful lives June 25, December 25, Land — $ 1,509 1,509 Buildings Up to 40 years 1,330 1,330 Furniture, fixtures and equipment Up to 5 years 19,850 18,342 Computer hardware and software Up to 5 years 10,117 9,673 Leasehold improvements Up to 20 years 29,662 25,171 Capital leases, buildings Lesser of lease term or 40 years 8,286 8,286 Capital leases, equipment Lesser of lease term or 5 years 31,810 28,707 Capital leases, automobiles Lesser of lease term or 5 years 3,534 3,478 Construction-in-progress — 7,718 8,086 Total 113,816 104,582 Less: Accumulated depreciation (37,196 ) (33,462 ) Accumulated amortization (21,320 ) (18,845 ) Property and equipment, net $ 55,300 52,275 Depreciation and amortization expense related to property and equipment was $3.9 million and $3.6 million for the thirteen weeks ended June 25, 2017 and June 26, 2016, respectively, and $7.5 million and $7.1 million for the twenty-six

Franchise Rights, Net

Franchise Rights, Net	6 Months Ended
	Jun. 25, 2017
Franchise Rights, Net	(6) Franchise Rights, Net Franchise rights, net are as follows (in thousands): June 25, December 25, Franchise rights, including reacquired franchise rights $ 29,623 29,623 Less accumulated amortization (5,928 ) (5,380 ) Franchise rights, net $ 23,695 24,243 Amortization expense related to franchise rights was $0.3 million during each of the thirteen weeks ended June 25, 2017 and June 26, 2016, and $0.5 million during each of the twenty-six

Other Noncurrent Assets

Other Noncurrent Assets	6 Months Ended
	Jun. 25, 2017
Other Noncurrent Assets	(7) Other Noncurrent Assets Other noncurrent assets consist of the following (in thousands): June 25, December 25, Investments for nonqualified deferred compensation plan $ 2,852 3,112 Interest rate swap asset 416 550 Other noncurrent assets 721 907 Other noncurrent assets $ 3,989 4,569

Accrued Expenses

Accrued Expenses	6 Months Ended
	Jun. 25, 2017
Accrued Expenses	(8) Accrued Expenses Accrued expenses consist of the following (in thousands): June 25, December 25, Payroll & related $ 10,185 9,791 Sales and property taxes 5,662 2,620 Gift cards 823 1,135 Utilities 1,317 1,232 Occupancy 515 445 Interest 639 616 Bank fees 711 711 Other 3,477 1,390 Accrued expenses $ 23,329 17,940

Other Current Liabilities

Other Current Liabilities	6 Months Ended
	Jun. 25, 2017
Other Current Liabilities	(9) Other Current Liabilities Other current liabilities consist of the following (in thousands): June 25, December 25, Financing obligations under build-to-suit $ 4,668 4,114 Closed store obligation 115 110 Interest rate swap liability 15 166 Other current liabilities $ 4,798 4,390

Other Noncurrent Liabilities

Other Noncurrent Liabilities	6 Months Ended
	Jun. 25, 2017
Other Noncurrent Liabilities	(10) Other Noncurrent Liabilities Other noncurrent liabilities consist of the following (in thousands): June 25, December 25, Deferred rents $ 8,120 7,434 Unfavorable lease liability, net 1,390 1,527 Deferred compensation 2,852 3,112 Deferred revenue 665 565 Closed store obligation 188 246 Other noncurrent liabilities 52 53 Other noncurrent liabilities $ 13,267 12,937 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.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 25, 2017
Commitments and Contingencies	(11) 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 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, accounted for approximately 43% and 44% of the Company’s total franchise royalty revenues for the thirteen weeks ended June 25, 2017 and June 26, 2016, respectively, and approximately 43% and 44% of the Company’s total franchise royalty revenues for the twenty-six (c) 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 that default by the franchisee is unlikely due to its timely and consistent payments; therefore, the Company has not recorded a liability for this guarantee on its condensed consolidated balance sheets. The carrying value of debt covered by this additional guarantee of the Company was $42 thousand and $0.1 million as of June 25, 2017 and December 25, 2016, respectively.

Leases

Leases	6 Months Ended
	Jun. 25, 2017
Leases	(12) Leases On May 5, 2017, the Company entered into an agreement with a financial institution providing for up to $2.1 million for leasing of equipment, which is scheduled to expire on September 30, 2017. Under this leasing arrangement, each of the scheduled leases has a 60-month On May 5, 2017, the Company entered into an agreement with another financial institution providing for up to $3.0 million for leasing of equipment, which is scheduled to expire on June 30, 2018. Under this leasing arrangement, each of the scheduled leases has a 60-month two- The Company has an agreement with another financial institution providing for up to $3.5 million for leasing of equipment that was originally scheduled to expire on March 1, 2016, which was initially extended to September 30, 2016. As the Company had utilized all capacity under this agreement, on June 27, 2016, the financial institution increased the capacity under this agreement by an additional $8.1 million and further extended the expiration of the agreement to June 1, 2017. On May 31, 2017, the financial institution replaced the agreement scheduled to expire on June 1, 2017 with a new agreement providing for up to $10.0 million of leasing capacity, which is scheduled to expire on June 1, 2018. Under this leasing arrangement, each of the scheduled leases has a 60-month

Net Income per Share

Net Income per Share	6 Months Ended
	Jun. 25, 2017
Net Income per Share	(13) Net Income per Share Basic net income per share is calculated using the weighted-average number of shares of common stock outstanding during the thirteen and twenty-six 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 computations of basic and diluted net income per share for the thirteen and twenty-six Thirteen Weeks Twenty-Six June 25, June 26, June 25, June 26, Net income $ 8,617 10,031 16,234 17,875 Weighted average number of common shares outstanding-basic 36,701 36,207 36,634 36,115 Weighted average dilutive effect of stock-based compensation 1,887 1,385 1,964 1,402 Weighted average number of common shares outstanding-diluted 38,588 37,592 38,598 37,517 Net income per share-basic $ 0.23 0.28 0.44 0.49 Net income per share-diluted $ 0.22 0.27 0.42 0.48

Income Taxes

Income Taxes	6 Months Ended
	Jun. 25, 2017
Income Taxes	(14) Income Taxes The Company’s effective income tax rates were 24.4% and 36.7% for the thirteen weeks ended June 25, 2017 and June 26, 2016, respectively, and 30.0% and 35.6% for the twenty-six twenty-six twenty-six

Stock Compensation Plan

Stock Compensation Plan	6 Months Ended
	Jun. 25, 2017
Stock Compensation Plan	(15) Stock Compensation Plan Under the Amended and Restated 2011 Equity Incentive Plan (the “Amended 2011 Plan”), the Company’s board of directors may grant awards representing up to 8.5 million shares of the Company’s common stock in the form of stock options, restricted stock awards, restricted stock units and performance awards to officers, directors, employees, and consultants of the Company and its subsidiaries. At June 25, 2017, there were 3.7 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 a 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 a committee designated by the board at the time of grant and shall be no greater than ten years. Stock option activity during the period indicated is as follows: Number of Weighted Weighted Aggregate Balance as of December 25, 2016 3,767,273 $ 4.59 6.0 $ 55,023 Granted 275,925 17.10 Exercised (297,234 ) 3.48 4,257 Repurchased — Forfeited (66,124 ) 11.03 Expired — Balance as of June 25, 2017 3,679,840 $ 5.51 5.7 $ 38,665 Exercisable as of June 25, 2017 2,183,148 $ 4.58 5.2 $ 24,660 On June 8, 2017, the Company granted a total of 275,925 stock options to certain employees of the Company to purchase shares of its common stock at a price of $17.10 per share. The fair value of the stock options on the date of the grant was $5.03 per share. The stock options will vest in equal annual installments over four years, subject to continued service to the Company. As of June 25, 2017, there was $2.7 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 3.0 years. As of June 25, 2017, there was approximately $2.5 million of total unrecognized compensation cost related to 0.9 million unvested 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 Restricted stock unit activity during the period indicated is as follows: Number Weighted Nonvested as of December 25, 2016 81,850 $ 18.05 Granted 155,507 17.10 Forfeited (9,500 ) 18.05 Vested (28,470 ) 18.05 Nonvested as of June 25, 2017 199,387 $ 17.31 On June 8, 2017, the Company granted a total of 137,969 restricted stock units to certain employees of the Company. The restricted stock units will vest in equal annual installments over four years, subject to continued service to the Company. Vested shares will be delivered within ten days of the vesting date of such restricted stock unit. On June 8, 2017, the Company granted 2,923 restricted stock units to each of its six non-employee As of June 25, 2017, there was $3.4 million of total unrecognized compensation cost related to restricted stock units, which is expected to be recognized over a weighted average period of approximately 3.5 years.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 25, 2017
Related Party Transactions	(16) Related Party Transactions Panthers Football, LLC (“The Panthers”) is owned by family members of certain indirect stockholders of the Company. The Company has a marketing and sponsorship agreement with The Panthers. 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. 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. 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 a building and land to the Company for use as a restaurant operated by the Company. 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. 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. MRMJ Holdings, LLC (“MRMJ”) is owned by a certain indirect stockholder of the Company. MRMJ leases land and a building to the Company for use as a restaurant operated by the Company. The following table presents expenses incurred and payments made in transactions with the Company’s related parties (in thousands): Thirteen Weeks Twenty-Six Related Party Description June 25, June 26, June 25, June 26, The Panthers Marketing/sponsorship expense $ — — — 100 Tri-Arc Marketing expense 18 18 36 36 JZF Rent payments 79 74 127 121 MRE Rent payments 76 35 152 70 CBM Rent payments 25 25 50 50 MRMJ Rent payments 15 — 30 — The following tables present franchise royalty revenues and other franchise revenues from transactions with the Company’s related parties (in thousands): Franchise Royalty Revenues Thirteen Weeks Twenty-Six Related Party June 25, June 26, June 25, June 26, Cajun $ 25 25 48 48 New Generation 150 140 292 276 Tri-Arc 1,317 1,279 2,562 2,501 Other Franchise Revenues Thirteen Weeks Twenty-Six Related Party June 25, June 26, June 25, June 26, Cajun $ — — — — New Generation — — — — Tri-Arc — — — 13 The following table presents accounts receivable from transactions with the Company’s related parties (in thousands): Gross Accounts Related Party June 25, December 25, Cajun $ 9 8 New Generation 52 51 Tri-Arc 387 382

Summary of Significant Operat25

Summary of Significant Operations and Accounting Policies (Policies)	6 Months Ended
	Jun. 25, 2017
Operations	(a) Operations 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 June 25, 2017, there were 314 Company-operated restaurants, 61 related party franchised restaurants, and 365 independent franchised restaurants operating under the Bojangles’ ® The following is the number of Bojangles’ franchised, Company-operated twenty-six Thirteen Weeks Ended June 25, 2017 Twenty-Six June 25, 2017 Franchised Company- System- Franchised Company- System- Restaurants at the beginning of the period 414 314 728 407 309 716 Opened during the period 7 7 14 14 13 27 Closed during the period — (2 ) (2 ) — (3 ) (3 ) Refranchised during the period 5 (5 ) — 5 (5 ) — Restaurants at the end of the period 426 314 740 426 314 740 Restaurants closed during the period reflects permanent closures and excludes any temporary closures for items such as remodels, scrape and rebuilds, casualty events, severe weather conditions or any other short-term closure. A relocation results in a closure and an opening. During the thirteen and twenty-six
Basis of Presentation and Consolidation	(b) Basis of Presentation and Consolidation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles and practices of the United States of America (“GAAP”) for interim financial information. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair statement of the results for interim periods have been included. Certain information and footnote disclosures normally included in audited consolidated financial statements presented in accordance with GAAP have been condensed or omitted pursuant to rules and regulations of the SEC. These condensed consolidated financial statements should be read in conjunction with the Company’s results of operations, financial positions and cash flows in the Company’s financial statements as of and for the fiscal year ended December 25, 2016. Certain prior period balances have been reclassified to conform to current period presentation. The results of operations and cash flows reported in these condensed consolidated financial statements should not be regarded as necessarily indicative of results that may be expected for the entire fiscal year. 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.
Fiscal Year	(c) Fiscal Year The Company operates on a 52- 53-week
Use of Accounting Estimates	(d) Use of Accounting Estimates The preparation of condensed 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.
New Accounting Pronouncements	(e) 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 2014-09”). 2014-09. 2014-09 2014-09 2014-09 2014-09 In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) 2016-02”), 2016-02 right-of-use 2016-02 2016-02 2016-02 build-to-suit In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting 2016-09”), 2016-09 2016-09 2016-09 2016-09 2016-09 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 of these proposals, but will make such an evaluation as the standards are finalized.

Summary of Significant Operat26

Summary of Significant Operations and Accounting Policies (Tables)	6 Months Ended
	Jun. 25, 2017
Number of Franchised, Company-Operated and System-Wide Restaurants	The following is the number of Bojangles’ franchised, Company-operated twenty-six Thirteen Weeks Ended June 25, 2017 Twenty-Six June 25, 2017 Franchised Company- System- Franchised Company- System- Restaurants at the beginning of the period 414 314 728 407 309 716 Opened during the period 7 7 14 14 13 27 Closed during the period — (2 ) (2 ) — (3 ) (3 ) Refranchised during the period 5 (5 ) — 5 (5 ) — Restaurants at the end of the period 426 314 740 426 314 740

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Jun. 25, 2017
Long-Term Debt	Long-term June 25, December 25, Term Loan, due October 9, 2020 $ 143,326 157,458 Revolving line of credit, due October 9, 2020 — — Total long-term debt 143,326 157,458 Less: Current maturities of long term debt — (2,132 ) Less: Deferred debt issuance costs, net (1,402 ) (1,696 ) Long-term debt, less current maturities and deferred debt issuance costs, net $ 141,924 153,630 June 25, December 25, Deferred debt issuance costs $ 4,809 4,809 Less accumulated amortization (3,407 ) (3,113 ) Deferred debt issuance costs, net $ 1,402 1,696
Activity in Accumulated Other Comprehensive Income	The activity in accumulated other comprehensive income is as follows (in thousands): Twenty-Six Fiscal Year Opening balance, accumulated other comprehensive income $ 246 19 Unrealized gain from effective interest rate swap, net of tax 4 227 Ending balance, accumulated other comprehensive income $ 250 246

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 25, 2017
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 Significant Significant Fair value measurement as of June 25, 2017: Investments for nonqualified deferred compensation plan (included with other noncurrent assets on the consolidated balance sheets) $ 2,852 2,852 — — Interest rate swap (included with other noncurrent assets on the consolidated balance sheets) 416 — 416 — Interest rate swap (included with other current liabilities on the consolidated balance sheets) (15 ) — (15 ) — Fair value measurement as of December 25, 2016: Investments for nonqualified deferred compensation plan (included with other noncurrent assets on the consolidated balance sheets) $ 3,112 3,112 — — Interest rate swap (included with other current assets and other other noncurrent assets on the consolidated balance sheets) 561 — 561 — Interest rate swap (included with other current liabilities on the consolidated balance sheets) (166 ) — (166 ) —

Other Current Assets (Tables)

Other Current Assets (Tables)	6 Months Ended
	Jun. 25, 2017
Other Current Assets	Other current assets consist of the following (in thousands): June 25, December 25, Prepaid expenses $ 2,357 1,517 Income taxes refundable 2,912 1,505 Interest rate swap asset — 11 Other current assets $ 5,269 3,033

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	6 Months Ended
	Jun. 25, 2017
Property and Equipment, Net	Property and equipment, net consist of the following (in thousands): Useful lives June 25, December 25, Land — $ 1,509 1,509 Buildings Up to 40 years 1,330 1,330 Furniture, fixtures and equipment Up to 5 years 19,850 18,342 Computer hardware and software Up to 5 years 10,117 9,673 Leasehold improvements Up to 20 years 29,662 25,171 Capital leases, buildings Lesser of lease term or 40 years 8,286 8,286 Capital leases, equipment Lesser of lease term or 5 years 31,810 28,707 Capital leases, automobiles Lesser of lease term or 5 years 3,534 3,478 Construction-in-progress — 7,718 8,086 Total 113,816 104,582 Less: Accumulated depreciation (37,196 ) (33,462 ) Accumulated amortization (21,320 ) (18,845 ) Property and equipment, net $ 55,300 52,275

Franchise Rights, Net (Tables)

Franchise Rights, Net (Tables)	6 Months Ended
	Jun. 25, 2017
Franchise Rights, Net	Franchise rights, net are as follows (in thousands): June 25, December 25, Franchise rights, including reacquired franchise rights $ 29,623 29,623 Less accumulated amortization (5,928 ) (5,380 ) Franchise rights, net $ 23,695 24,243

Other Noncurrent Assets (Tables

Other Noncurrent Assets (Tables)	6 Months Ended
	Jun. 25, 2017
Components of Other Noncurrent Assets	Other noncurrent assets consist of the following (in thousands): June 25, December 25, Investments for nonqualified deferred compensation plan $ 2,852 3,112 Interest rate swap asset 416 550 Other noncurrent assets 721 907 Other noncurrent assets $ 3,989 4,569

Accrued Expenses (Tables)

Accrued Expenses (Tables)	6 Months Ended
	Jun. 25, 2017
Accrued Expenses	Accrued expenses consist of the following (in thousands): June 25, December 25, Payroll & related $ 10,185 9,791 Sales and property taxes 5,662 2,620 Gift cards 823 1,135 Utilities 1,317 1,232 Occupancy 515 445 Interest 639 616 Bank fees 711 711 Other 3,477 1,390 Accrued expenses $ 23,329 17,940

Other Current Liabilities (Tabl

Other Current Liabilities (Tables)	6 Months Ended
	Jun. 25, 2017
Other Current Liabilities	Other current liabilities consist of the following (in thousands): June 25, December 25, Financing obligations under build-to-suit $ 4,668 4,114 Closed store obligation 115 110 Interest rate swap liability 15 166 Other current liabilities $ 4,798 4,390

Other Noncurrent Liabilities (T

Other Noncurrent Liabilities (Tables)	6 Months Ended
	Jun. 25, 2017
Other Noncurrent Liabilities	Other noncurrent liabilities consist of the following (in thousands): June 25, December 25, Deferred rents $ 8,120 7,434 Unfavorable lease liability, net 1,390 1,527 Deferred compensation 2,852 3,112 Deferred revenue 665 565 Closed store obligation 188 246 Other noncurrent liabilities 52 53 Other noncurrent liabilities $ 13,267 12,937

Net Income per Share (Tables)

Net Income per Share (Tables)	6 Months Ended
	Jun. 25, 2017
Computation of Basic and Diluted Net Income Per Share	The computations of basic and diluted net income per share for the thirteen and twenty-six Thirteen Weeks Twenty-Six June 25, June 26, June 25, June 26, Net income $ 8,617 10,031 16,234 17,875 Weighted average number of common shares outstanding-basic 36,701 36,207 36,634 36,115 Weighted average dilutive effect of stock-based compensation 1,887 1,385 1,964 1,402 Weighted average number of common shares outstanding-diluted 38,588 37,592 38,598 37,517 Net income per share-basic $ 0.23 0.28 0.44 0.49 Net income per share-diluted $ 0.22 0.27 0.42 0.48

Stock Compensation Plan (Tables

Stock Compensation Plan (Tables)	6 Months Ended
	Jun. 25, 2017
Stock Option Activity	Stock option activity during the period indicated is as follows: Number of Weighted Weighted Aggregate Balance as of December 25, 2016 3,767,273 $ 4.59 6.0 $ 55,023 Granted 275,925 17.10 Exercised (297,234 ) 3.48 4,257 Repurchased — Forfeited (66,124 ) 11.03 Expired — Balance as of June 25, 2017 3,679,840 $ 5.51 5.7 $ 38,665 Exercisable as of June 25, 2017 2,183,148 $ 4.58 5.2 $ 24,660
Summary of Restricted Stock Unit Activity	Restricted stock unit activity during the period indicated is as follows: Number Weighted Nonvested as of December 25, 2016 81,850 $ 18.05 Granted 155,507 17.10 Forfeited (9,500 ) 18.05 Vested (28,470 ) 18.05 Nonvested as of June 25, 2017 199,387 $ 17.31

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
	Jun. 25, 2017
Information with Respect to Related Parties	The following table presents expenses incurred and payments made in transactions with the Company’s related parties (in thousands): Thirteen Weeks Twenty-Six Related Party Description June 25, June 26, June 25, June 26, The Panthers Marketing/sponsorship expense $ — — — 100 Tri-Arc Marketing expense 18 18 36 36 JZF Rent payments 79 74 127 121 MRE Rent payments 76 35 152 70 CBM Rent payments 25 25 50 50 MRMJ Rent payments 15 — 30 — The following tables present franchise royalty revenues and other franchise revenues from transactions with the Company’s related parties (in thousands): Franchise Royalty Revenues Thirteen Weeks Twenty-Six Related Party June 25, June 26, June 25, June 26, Cajun $ 25 25 48 48 New Generation 150 140 292 276 Tri-Arc 1,317 1,279 2,562 2,501 Other Franchise Revenues Thirteen Weeks Twenty-Six Related Party June 25, June 26, June 25, June 26, Cajun $ — — — — New Generation — — — — Tri-Arc — — — 13 The following table presents accounts receivable from transactions with the Company’s related parties (in thousands): Gross Accounts Related Party June 25, December 25, Cajun $ 9 8 New Generation 52 51 Tri-Arc 387 382

Summary of Significant Operat39

Summary of Significant Operations and Accounting Policies - Additional Information (Detail) - Restaurant	Jun. 25, 2017	Mar. 26, 2017	Dec. 25, 2016
Company-Operated
Organization And Summary Of Significant Accounting Policies [Line Items]
Number of restaurants	314	314	309
Related party franchised
Organization And Summary Of Significant Accounting Policies [Line Items]
Number of restaurants	61
Independent franchised
Organization And Summary Of Significant Accounting Policies [Line Items]
Number of restaurants	365

Number of Franchised, Company-O

Number of Franchised, Company-Operated and System- Wide Restaurants (Detail) - Restaurant	3 Months Ended	6 Months Ended
	Jun. 25, 2017	Jun. 25, 2017
Franchised
Franchisor Disclosure [Line Items]
Restaurants at the beginning of the period	414	407
Opened during the period	7	14
Refranchised during the period	5	5
Restaurants at the end of the period	426	426
Company-Operated
Franchisor Disclosure [Line Items]
Restaurants at the beginning of the period	314	309
Opened during the period	7	13
Closed during the period	(2)	(3)
Refranchised during the period	(5)	(5)
Restaurants at the end of the period	314	314
System-Wide
Franchisor Disclosure [Line Items]
Restaurants at the beginning of the period	728	716
Opened during the period	14	27
Closed during the period	(2)	(3)
Restaurants at the end of the period	740	740

Long-Term Debt (Detail)

Long-Term Debt (Detail) - USD ($) $ in Thousands	Jun. 25, 2017	Dec. 25, 2016
Debt Instrument [Line Items]
Long Term Debt	$ 143,326	$ 157,458
Less: Current maturities of long term debt		(2,132)
Deferred debt issuance costs, net	(1,402)	(1,696)
Long-term debt, less current maturities and deferred debt issuance costs, net	141,924	153,630
Deferred debt issuance costs	4,809	4,809
Less accumulated amortization	(3,407)	(3,113)
Deferred debt issuance costs, net	1,402	1,696
Term Loan
Debt Instrument [Line Items]
Long Term Debt	143,326	157,458
Revolving line of credit
Debt Instrument [Line Items]
Long Term Debt	$ 0	$ 0

Long-Term Debt (Parenthetical)

Long-Term Debt (Parenthetical) (Detail)	6 Months Ended	12 Months Ended
	Jun. 25, 2017	Dec. 25, 2016
Term Loan
Debt Instrument [Line Items]
Maturity date	Oct. 9, 2020	Oct. 9, 2020
Revolving line of credit
Debt Instrument [Line Items]
Maturity date	Oct. 9, 2020	Oct. 9, 2020

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) - USD ($)	Oct. 26, 2015	May 17, 2013	Jun. 25, 2017	Dec. 25, 2016
Debt Instrument [Line Items]
Long Term Debt			$ 143,326,000	$ 157,458,000
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	$ 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]
Long Term Debt			$ 0	$ 0
Term Loan | One Month Eurodollar
Debt Instrument [Line Items]
Interest rate			3.04%	2.61%
Long Term Debt			$ 143,300,000	$ 157,500,000

Activity in Accumulated Other C

Activity in Accumulated Other Comprehensive Income (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 25, 2017	Jun. 26, 2016	Jun. 25, 2017	Jun. 26, 2016	Dec. 25, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance			$ 210,790
Unrealized gain from effective interest rate swap, net of tax	$ (79)	$ (356)	4	$ (771)	$ 227
Ending balance	228,641		228,641		210,790
Accumulated other comprehensive income
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance			246	$ 19	19
Unrealized gain from effective interest rate swap, net of tax			4
Ending balance	$ 250		$ 250		$ 246

Financial Assets and Liabilitie

Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Jun. 25, 2017	Dec. 25, 2016
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)	$ 2,852	$ 3,112
Interest rate swap (included with other noncurrent assets on the consolidated balance sheets)	416	550
Interest rate swap (included with other current liabilities on the consolidated balance sheets)	(15)	(166)
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	2,852	3,112
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	416
Significant other observable inputs (Level 2) | Other Current Asset and Other Noncurrent Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap		561
Significant other observable inputs (Level 2) | Other Current Liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap	(15)	(166)
Significant unobservable inputs (Level 3) | Other Noncurrent Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments for nonqualified deferred compensation plan	0	0
Interest rate swap	0
Significant unobservable inputs (Level 3) | Other Current Asset and Other Noncurrent Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap		0
Significant unobservable inputs (Level 3) | Other Current Liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap	0	0
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)	2,852	3,112
Interest rate swap (included with other noncurrent assets on the consolidated balance sheets)	416
Interest rate swap (included with other current assets and other other noncurrent assets on the consolidated balance sheets)		561
Interest rate swap (included with other current liabilities on the consolidated balance sheets)	$ (15)	$ (166)

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail)	Jun. 25, 2017USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value, assets, Level 1 to Level 2 transfers, amount	$ 0

Other Current Assets (Detail)

Other Current Assets (Detail) - USD ($) $ in Thousands	Jun. 25, 2017	Dec. 25, 2016
Other Current Assets [Line Items]
Prepaid expenses	$ 2,357	$ 1,517
Income taxes refundable	2,912	1,505
Interest rate swap asset		11
Other current assets	$ 5,269	$ 3,033

Property and Equipment, Net (De

Property and Equipment, Net (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 25, 2017	Dec. 25, 2016
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 113,816	$ 104,582
Accumulated depreciation	(37,196)	(33,462)
Accumulated amortization	(21,320)	(18,845)
Property and equipment, net	55,300	52,275
Buildings
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 1,330	1,330
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	$ 19,850	18,342
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	$ 29,662	25,171
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	$ 8,286	8,286
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	$ 31,810	28,707
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	$ 3,534	3,478
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	1,509
Construction in Progress
Property, Plant and Equipment [Line Items]
Property and equipment, gross	7,718	8,086
Computer hardware and software
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 10,117	$ 9,673
Computer hardware and software | Maximum
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	5 years

Property and Equipment, Net - A

Property and Equipment, Net - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 25, 2017	Jun. 26, 2016	Jun. 25, 2017	Jun. 26, 2016
Property, Plant and Equipment [Line Items]
Depreciation and amortization	$ 753	$ 716	$ 1,478	$ 1,433
Property and Equipment
Property, Plant and Equipment [Line Items]
Depreciation and amortization	$ 3,900	$ 3,600	$ 7,500	$ 7,100

Franchise Rights, Net (Detail)

Franchise Rights, Net (Detail) - USD ($) $ in Thousands	Jun. 25, 2017	Dec. 25, 2016
Finite-Lived Intangible Assets [Line Items]
Franchise rights, net	$ 23,695	$ 24,243
Franchise Rights
Finite-Lived Intangible Assets [Line Items]
Franchise rights, including reacquired franchise rights	29,623	29,623
Less accumulated amortization	(5,928)	(5,380)
Franchise rights, net	$ 23,695	$ 24,243

Franchise Rights, Net - Additio

Franchise Rights, Net - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 25, 2017	Jun. 26, 2016	Jun. 25, 2017	Jun. 26, 2016
Franchise Rights
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 0.3	$ 0.3	$ 0.5	$ 0.5

Components of Other Noncurrent

Components of Other Noncurrent Assets (Detail) - USD ($) $ in Thousands	Jun. 25, 2017	Dec. 25, 2016
Other Noncurrent Assets [Line Items]
Investments for nonqualified deferred compensation plan	$ 2,852	$ 3,112
Interest rate swap asset	416	550
Other noncurrent assets	721	907
Other noncurrent assets	$ 3,989	$ 4,569

Accrued Expenses (Detail)

Accrued Expenses (Detail) - USD ($) $ in Thousands	Jun. 25, 2017	Dec. 25, 2016
Accrued Liabilities [Line Items]
Payroll & related	$ 10,185	$ 9,791
Sales and property taxes	5,662	2,620
Gift cards	823	1,135
Utilities	1,317	1,232
Occupancy	515	445
Interest	639	616
Bank fees	711	711
Other	3,477	1,390
Accrued expenses	$ 23,329	$ 17,940

Other Current Liabilities (Deta

Other Current Liabilities (Detail) - USD ($) $ in Thousands	Jun. 25, 2017	Dec. 25, 2016
Other Current Liabilities [Line Items]
Financing obligations under build-to-suit transactions	$ 4,668	$ 4,114
Closed store obligation	115	110
Interest rate swap liability	15	166
Other current liabilities	$ 4,798	$ 4,390

Other Noncurrent Liabilities (D

Other Noncurrent Liabilities (Detail) - USD ($) $ in Thousands	Jun. 25, 2017	Dec. 25, 2016
Other Non Current Liabilities [Line Items]
Deferred rents	$ 8,120	$ 7,434
Unfavorable lease liability, net	1,390	1,527
Deferred compensation	2,852	3,112
Deferred revenue	665	565
Closed store obligation	188	246
Other noncurrent liabilities	52	53
Other noncurrent liabilities	$ 13,267	$ 12,937

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 25, 2017USD ($)Franchisee	Jun. 26, 2016Franchisee	Jun. 25, 2017USD ($)Franchisee	Jun. 26, 2016Franchisee	Dec. 25, 2016USD ($)
Commitment And Contingencies [Line Items]
Number of franchisees	3	3	3	3
Guarantees expiration year			2,018
Carrying value of debt covered by additional guarantee | $	$ 42,000		$ 42,000		$ 100,000
Related Party
Commitment And Contingencies [Line Items]
Number of franchisees	1	1	1	1
Royalty Revenue | Franchisee
Commitment And Contingencies [Line Items]
Concentration percentage	43.00%	44.00%	43.00%	44.00%
Accounts Receivable | Franchisee
Commitment And Contingencies [Line Items]
Concentration percentage			41.00%		40.00%

Leases - Additional Information

Leases - Additional Information (Detail) - Equipment Lease Arrangement - USD ($)	May 31, 2017	May 05, 2017	Jun. 27, 2016	Mar. 31, 2015	Jun. 25, 2017
Financing Agreement Three
Operating Leased Assets [Line Items]
Maximum borrowing					$ 3,500,000
Expiration date	Jun. 1, 2018		Jun. 1, 2017		Mar. 1, 2016
Lease term				60 months
Percentage added to interest rate				3.00%
Bargain purchase option at the end of the lease				$ 1
Additional maximum borrowing under leasing capacity	$ 10,000,000		$ 8,100,000
Expiration extended Date					Sep. 30, 2016
Financing Agreement Three | Interest Rate Swap Agreements
Operating Leased Assets [Line Items]
Interest rate swap, weighted average life				2 years 7 months 10 days
Financing Agreement One
Operating Leased Assets [Line Items]
Maximum borrowing		$ 2,100,000
Expiration date		Sep. 30, 2017
Lease term		60 months
Percentage added to interest rate		2.75%
Bargain purchase option at the end of the lease		$ 1
Financing Agreement One | Interest Rate Swap Agreements
Operating Leased Assets [Line Items]
Interest rate swap, weighted average life		3 years
Financing Agreement Two
Operating Leased Assets [Line Items]
Maximum borrowing		$ 3,000,000
Expiration date		Jun. 30, 2018
Lease term		60 months
Percentage added to interest rate		3.00%
Bargain purchase option at the end of the lease		$ 1
Financing Agreement Two | Interest Rate Swap Agreements | Minimum
Operating Leased Assets [Line Items]
Interest rate swap, weighted average life		2 years
Financing Agreement Two | Interest Rate Swap Agreements | Maximum
Operating Leased Assets [Line Items]
Interest rate swap, weighted average life		3 years

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		6 Months Ended
	Jun. 25, 2017	Jun. 26, 2016	Jun. 25, 2017	Jun. 26, 2016
Earnings Per Share Note [Line Items]
Net income	$ 8,617	$ 10,031	$ 16,234	$ 17,875
Weighted average number of common shares outstanding-basic	36,701	36,207	36,634	36,115
Weighted average dilutive effect of stock-based compensation	1,887	1,385	1,964	1,402
Weighted average number of common shares outstanding-diluted	38,588	37,592	38,598	37,517
Net income per share-basic	$ 0.23	$ 0.28	$ 0.44	$ 0.49
Net income per share-diluted	$ 0.22	$ 0.27	$ 0.42	$ 0.48

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 25, 2017	Jun. 26, 2016	Jun. 25, 2017	Jun. 26, 2016
Income Taxes [Line Items]
Effective income tax rates	24.40%	36.70%	30.00%	35.60%
Excess tax benefits associated with exercise of stock options and the vesting of restricted stock units	$ 1.1		$ 1.3

Stock Compensation Plan - Addit

Stock Compensation Plan - Additional Information (Detail) $ / shares in Units, $ in Millions	Jun. 08, 2017Director$ / sharesshares	Jun. 25, 2017USD ($)$ / sharesshares	Dec. 25, 2016shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock units granted		275,925
Common stock price per share | $ / shares		$ 17.10
Outstanding stock options		3,679,840	3,767,273
Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock units granted	275,925
Common stock price per share | $ / shares	$ 17.10
Fair value of stock options granted | $ / shares	$ 5.03
Share based compensation, award vesting period	4 years
Time Based Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation costs | $		$ 2.7
Period of recognition		3 years
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation costs | $		$ 2.5
Outstanding stock options		900,000
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation, award vesting period	4 years
Unrecognized compensation costs | $		$ 3.4
Period of recognition		3 years 6 months
Number of stock units granted	137,969
Director | Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock units granted	2,923
Number of non employee directors | Director	6
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		3,700,000
2011 Equity Incentive Plan | Maximum | Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of option		10 years

Stock Option Activity (Detail)

Stock Option Activity (Detail) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 25, 2017	Dec. 25, 2016
Number of shares
Balance as of December 25, 2016	3,767,273
Granted	275,925
Exercised	(297,234)
Repurchased	0
Forfeited	(66,124)
Expired	0
Balance as of June 25, 2017	3,679,840	3,767,273
Exercisable as of June 25, 2017	2,183,148
Weighted average exercise price
Balance as of December 25, 2016	$ 4.59
Granted	17.10
Exercised	3.48
Repurchased	0
Forfeited	11.03
Expired	0
Balance as of June 25, 2017	5.51	$ 4.59
Exercisable as of June 25, 2017	$ 4.58
Weighted average remaining contractual term
Option Outstanding Weighted Average Remaining Term	5 years 8 months 12 days	6 years
Options Exercisable Weighted Average Remaining Term	5 years 2 months 12 days
Aggregate intrinsic value
Balance as of December 25, 2016	$ 55,023
Exercised	4,257
Balance as of June 25, 2017	38,665	$ 55,023
Exercisable as of June 25, 2017	$ 24,660

Summary of Restricted Stock Uni

Summary of Restricted Stock Unit Activity (Detail) - Restricted Stock and Restricted Stock Units	6 Months Ended
	Jun. 25, 2017$ / sharesshares
Number of Restricted shares
Beginning Balance | shares	81,850
Granted | shares	155,507
Forfeited | shares	(9,500)
Vested | shares	(28,470)
Ending Balance | shares	199,387
Restricted shares weighted average fair value at grant date
Beginning Balance | $ / shares	$ 18.05
Granted | $ / shares	17.10
Forfeited | $ / shares	18.05
Vested | $ / shares	18.05
Ending Balance | $ / shares	$ 17.31

Information with Respect to Rel

Information with Respect to Related Parties (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 25, 2017	Jun. 26, 2016	Jun. 25, 2017	Jun. 26, 2016	Dec. 25, 2016
Related Party Transaction [Line Items]
Franchise royalty revenues	$ 6,978	$ 6,621	$ 13,491	$ 12,793
Other franchise revenues	338	300	538	370
Cajun Jack's, LLC
Related Party Transaction [Line Items]
Franchise royalty revenues	25	25	48	48
Gross accounts receivable	9		9		$ 8
New Generation Foods, LLC
Related Party Transaction [Line Items]
Franchise royalty revenues	150	140	292	276
Gross accounts receivable	52		52		51
Tri Arc Food Systems, Inc.
Related Party Transaction [Line Items]
Marketing/sponsorship expense	18	18	36	36
Franchise royalty revenues	1,317	1,279	2,562	2,501
Other franchise revenues				13
Gross accounts receivable	387		387		$ 382
Panthers Football, LLC
Related Party Transaction [Line Items]
Marketing/sponsorship expense				100
JZF Properties, LLC
Related Party Transaction [Line Items]
Rent payments	79	74	127	121
MAR Real Estate, LLC
Related Party Transaction [Line Items]
Rent payments	76	35	152	70
Catco Bo Memorial, LLC
Related Party Transaction [Line Items]
Rent payments	25	$ 25	50	$ 50
MRMJ Holdings, LLC
Related Party Transaction [Line Items]
Rent payments	$ 15		$ 30