Brinker International (EAT) 10-Q 5 May 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Mar. 26, 2014	Apr. 28, 2014
Entity Information [Line Items]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	26-Mar-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Entity Registrant Name	'BRINKER INTERNATIONAL INC	'
Entity Central Index Key	'0000703351	'
Current Fiscal Year End Date	'--06-25	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	64,951,528

Consolidated_Balance_Sheets_Un

Consolidated Balance Sheets (Unaudited) (USD $)	Mar. 26, 2014	Jun. 26, 2013
In Thousands, unless otherwise specified
Current Assets:	'	'
Cash and cash equivalents	$64,609	$59,367
Accounts receivable	43,476	44,082
Inventories	24,346	24,628
Prepaid expenses and other	62,725	65,584
Income taxes receivable	0	4,930
Total current assets	195,156	198,591
Property and Equipment, at Cost:	'	'
Land	148,801	147,581
Buildings and leasehold improvements	1,470,583	1,435,426
Furniture and equipment	585,250	580,115
Construction-in-progress	24,039	20,588
Property plant and equipment gross	2,228,673	2,183,710
Less accumulated depreciation and amortization	-1,191,264	-1,147,895
Net property and equipment	1,037,409	1,035,815
Other Assets:	'	'
Goodwill	133,163	142,103
Deferred income taxes	25,258	24,064
Other	59,092	52,030
Total other assets	217,513	218,197
Total assets	1,450,078	1,452,603
Current Liabilities:	'	'
Current installments of long-term debt	27,810	27,596
Accounts payable	93,309	93,326
Accrued liabilities	283,830	268,444
Income taxes payable	10,796	0
Deferred income taxes	549	845
Total current liabilities	416,294	390,211
Long-term debt, less current installments	817,259	780,121
Other liabilities	128,419	132,914
Commitments and Contingencies (Note 9)	'	'
Shareholders’ Equity:	'	'
Common stock—250,000,000 authorized shares; $0.10 par value; 176,246,649 shares issued and 65,302,505 shares outstanding at March 26, 2014, and 176,246,649 shares issued and 67,444,099 shares outstanding at June 26, 2013	17,625	17,625
Additional paid-in capital	480,040	477,420
Accumulated Other Comprehensive Income (Loss)	-1,862	0
Retained earnings	2,293,639	2,217,623
Shareholders' equity including treasury stock	2,789,442	2,712,668
Less treasury stock, at cost (110,944,144 shares at March 26, 2014 and 108,802,550 shares at June 26, 2013)	-2,701,336	-2,563,311
Total shareholders’ equity	88,106	149,357
Total liabilities and shareholders’ equity	$1,450,078	$1,452,603

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 26, 2014	Jun. 26, 2013
Common Stock, authorized shares	250,000,000	250,000,000
Common Stock, par value	$0.10	$0.10
Common Stock, shares issued	176,246,649	176,246,649
Common Stock, shares outstanding	65,302,505	67,444,099
Treasury Stock, shares	110,944,144	108,802,550

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 26, 2014	Mar. 27, 2013	Mar. 26, 2014	Mar. 27, 2013
Statement of Comprehensive Income [Abstract]	'	'	'	'
Company sales	$739,200	$724,693	$2,088,087	$2,057,490
Franchise and other revenues	19,208	18,066	58,640	58,540
Total revenues	758,408	742,759	2,146,727	2,116,030
Operating costs and expenses:	'	'	'	'
Cost of sales	195,439	198,316	561,276	567,602
Restaurant labor	233,890	231,822	672,525	667,865
Restaurant expenses	171,574	164,537	508,405	489,781
Company restaurant expenses	600,903	594,675	1,742,206	1,725,248
Depreciation and amortization	34,218	33,222	100,912	98,830
General and administrative	34,009	33,986	98,792	102,289
Other gains and charges	2,088	1,550	4,315	2,227
Total operating costs and expenses	671,218	663,433	1,946,225	1,928,594
Operating income	87,190	79,326	200,502	187,436
Interest expense	7,068	7,085	21,128	21,040
Other, net	-693	-573	-1,736	-2,096
Income before provision for income taxes	80,815	72,814	181,110	168,492
Provision for income taxes	24,552	20,863	55,891	51,500
Net income	56,263	51,951	125,219	116,992
Basic net income per share	$0.85	$0.73	$1.88	$1.61
Diluted net income per share	$0.82	$0.71	$1.83	$1.56
Basic weighted average shares outstanding	66,479	71,067	66,661	72,511
Diluted weighted average shares outstanding	68,342	73,341	68,591	74,873
Other Comprehensive Income (Loss) [Abstract]	'	'	'	'
Foreign Currency Translation Adjustment	-1,108	0	-1,862	0
Other Comprehensive Loss	-1,108	0	-1,862	0
Comprehensive Income	$55,155	$51,951	$123,357	$116,992
Dividends per share	$0.24	$0.20	$0.72	$0.60

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Mar. 26, 2014	Mar. 27, 2013
Cash Flows from Operating Activities:	'	'
Net income	$125,219	$116,992
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation and amortization	100,912	98,830
Stock-based compensation	12,990	12,909
Deferred income taxes	-1,490	-9,867
Restructure charges and other impairments	3,836	3,792
Net loss on disposal of assets	3,208	1,115
(Gain) loss on equity investments	-353	752
Other	355	205
Changes in assets and liabilities:	'	'
Accounts receivable	2,820	5,543
Inventories	212	760
Prepaid expenses and other	4,115	1,586
Other assets	-1,694	-2,367
Accounts payable	4,168	-15,644
Accrued liabilities	11,699	-4,617
Current income taxes	14,043	12,893
Other liabilities	-2,940	-246
Net cash provided by operating activities	277,100	222,636
Cash Flows from Investing Activities:	'	'
Payments for property and equipment	-113,980	-98,690
Proceeds from sale of assets	833	6,535
Net cash used in investing activities	-113,147	-92,155
Cash Flows from Financing Activities:	'	'
Purchases of treasury stock	-191,811	-191,799
Borrowings on revolving credit facility	98,000	110,000
Payments on revolving credit facility	-40,000	0
Payments of dividends	-47,556	-42,161
Excess tax benefits from stock-based compensation	17,972	7,811
Payments on long-term debt	-19,890	-19,785
Proceeds from issuances of treasury stock	24,574	32,042
Net cash used in financing activities	-158,711	-103,892
Net change in cash and cash equivalents	5,242	26,589
Cash and cash equivalents at beginning of period	59,367	59,103
Cash and cash equivalents at end of period	$64,609	$85,692

BASIS_OF_PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Mar. 26, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
BASIS OF PRESENTATION	'
	BASIS OF PRESENTATION
	References to “Brinker,” “the Company,” “we,” “us” and “our” in this Form 10-Q are references to Brinker International, Inc. and its subsidiaries and any predecessor companies of Brinker International, Inc.
	Our consolidated financial statements as of March 26, 2014 and June 26, 2013 and for the thirteen week and thirty-nine week periods ended March 26, 2014 and March 27, 2013 have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). We are principally engaged in the ownership, operation, development, and franchising of the Chili’s Grill & Bar (“Chili’s”) and Maggiano’s Little Italy (“Maggiano’s”) restaurant brands. At March 26, 2014, we owned, operated or franchised 1,608 restaurants in the United States and 31 countries and two territories outside of the United States.
	Beginning in the third quarter of fiscal 2014, other comprehensive income is presented on the newly titled consolidated statements of comprehensive income. The foreign currency translation adjustment included in comprehensive income represents the unrealized impact of translating the financial statements of the Canadian entity from Canadian dollars, the functional currency, to U.S. dollars. This amount is not included in net income and would only be realized upon disposition of the business. The accumulated other comprehensive income (loss) is presented on the consolidated balance sheets. Additionally, certain prior year balances in the consolidated balance sheets have been reclassified to conform with fiscal 2014 presentation. These reclassifications have no effect on our net income as previously reported and an immaterial impact on our prior year consolidated balance sheets.
	The preparation of the consolidated financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and costs and expenses during the reporting period. Actual results could differ from those estimates.
	The information furnished herein reflects all adjustments (consisting only of normal recurring accruals and adjustments) which are, in our opinion, necessary to fairly state the interim operating results for the respective periods. However, these operating results are not necessarily indicative of the results expected for the full fiscal year. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted pursuant to SEC rules and regulations. The notes to the consolidated financial statements (unaudited) should be read in conjunction with the notes to the consolidated financial statements contained in the June 26, 2013 Form 10-K. We believe the disclosures are sufficient for interim financial reporting purposes.

ACQUISITION_OF_CHILIS_RESTAURA

ACQUISITION OF CHILI'S RESTAURANTS	9 Months Ended
	Mar. 26, 2014
ACQUISITION OF CHILI'S RESTAURANTS [Abstract]	'
ACQUISITION OF CHILI'S RESTAURANTS	'
	ACQUISITION OF CHILI'S RESTAURANTS
	On June 1, 2013, we completed the acquisition of 11 Chili's restaurants in Alberta, Canada from an existing franchisee for $24.6 million in cash. The results of operations of the Canadian restaurants are included in our consolidated financial statements from the date of acquisition. The assets and liabilities of the Canadian restaurants were recorded at their respective fair values as of the date of acquisition. During the first quarter of fiscal 2014, we completed the valuation of the reacquired franchise rights and recorded the asset at an estimated fair value of $8.9 million in other assets on the consolidated balance sheet, with a corresponding decrease to goodwill.
	The excess of the purchase price over the aggregate fair value of net assets acquired was allocated to goodwill. We expect the majority of the goodwill balance to be deductible for tax purposes. The portion of the purchase price attributable to goodwill represents benefits expected as a result of the acquisition, including sales and unit growth opportunities. We do not expect any further material adjustments to the purchase price allocation. Pro-forma financial information of the combined entities for periods prior to the acquisition is not presented due to the immaterial impact of the financial results of the Canadian restaurants on our consolidated financial statements.

EARNINGS_PER_SHARE

EARNINGS PER SHARE	9 Months Ended
	Mar. 26, 2014
Earnings Per Share [Abstract]	'
EARNINGS PER SHARE	'
	EARNINGS PER SHARE
	Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding for the reporting period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. For the calculation of diluted earnings per share, the basic weighted average number of shares is increased by the dilutive effect of stock options and restricted share awards determined using the treasury stock method. We had approximately 119,000 stock options and restricted share awards outstanding at March 26, 2014 and 470,000 stock options and restricted share awards outstanding at March 27, 2013 that were not included in the dilutive earnings per share calculation because the effect would have been anti-dilutive.

LONGTERM_DEBT

LONG-TERM DEBT	9 Months Ended
	Mar. 26, 2014
Debt Disclosure [Abstract]	'
LONG-TERM DEBT	'
	LONG-TERM DEBT
	Long-term debt consists of the following (in thousands):
		March 26,			June 26,
		2014			2013
	3.88% notes	$	299,729		$	299,707
	2.60% notes	249,856			249,829
	Term loan	193,750			212,500
	Revolving credit facility	58,000			0
	Capital lease obligations	43,734			45,681
		845,069			807,717
	Less current installments	(27,810		)	(27,596		)
		$	817,259		$	780,121
	During the first nine months of fiscal 2014, $98 million was drawn from the the revolver primarily to fund share repurchases. We repaid $40 million of the outstanding balance leaving $192 million of credit available under the revolver as of March 26, 2014.
	The term loan and revolving credit facility bear interest of LIBOR plus an applicable margin, which is a function of our credit rating and debt to cash flow ratio, but is subject to a maximum of LIBOR plus 2.50%. Based on our current credit rating, we are paying interest at a rate of LIBOR plus 1.63%. One month LIBOR at March 26, 2014 was approximately 0.15%. Our debt agreements contain various financial covenants that, among other things, require the maintenance of certain leverage and fixed charge coverage ratios. We are currently in compliance with all financial covenants.

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Mar. 26, 2014
Fair Value Disclosures [Abstract]	'
FAIR VALUE MEASUREMENTS	'
	FAIR VALUE MEASUREMENTS
	Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date. In determining fair value, the accounting standards establish a three level hierarchy for inputs used in measuring fair value, as follows:
	•	Level 1 – inputs are quoted prices in active markets for identical assets or liabilities.
	•	Level 2 – inputs are observable for the asset or liability, either directly or indirectly, including quoted prices in active markets for similar assets or liabilities.
	•	Level 3 – inputs are unobservable and reflect our own assumptions.
	(a)	Non-Financial Assets Measured on a Non-Recurring Basis
	During fiscal 2014, long-lived assets with a carrying value of $2.6 million, primarily related to four underperforming restaurants, were written down to their fair value of $1.3 million resulting in an impairment charge of $1.3 million, which was included in other gains and charges in the consolidated statement of comprehensive income for the period. During fiscal 2013, long-lived assets with a carrying value of $0.8 million, primarily related to one underperforming restaurant, were written down to their fair value of $0.1 million resulting in an impairment charge of $0.7 million, which was included in other gains and charges in the consolidated statement of comprehensive income for the period. We determined fair value based on projected discounted future operating cash flows of the restaurants over their remaining service life using a risk adjusted discount rate that is commensurate with the risk inherent in our current business model.
	The following table presents fair values for those assets measured at fair value on a non-recurring basis at March 26, 2014 and March 27, 2013 (in thousands):
		Fair Value Measurements Using
		Level 1		Level 2		Level 3		Total
	Long-lived assets held for use
	At March 26, 2014	$	0	$	0	$	1,342	$	1,342
	At March 27, 2013	$	0	$	0	$	140	$	140
	(b)	Other Financial Instruments
	Our financial instruments consist of cash and cash equivalents, accounts receivable, accounts payable and long-term debt. The fair values of cash and cash equivalents, accounts receivable and accounts payable approximate their carrying amounts because of the short maturity of these items. The fair values of the 2.60% notes and 3.88% notes are based on quoted market prices and are considered Level 1 fair value measurements. At March 26, 2014, the 2.60% notes had a carrying value of $249.9 million and a fair value of $248.2 million and the 3.88% notes had a carrying value of $299.7 million and a fair value of $279.8 million. At June 26, 2013, the 2.60% notes had a carrying value of $249.8 million and a fair value of $244.2 million and the 3.88% notes had a carrying value of $299.7 million and a fair value of $279.5 million. The carrying amount of debt outstanding pursuant to the term loan and revolving credit facility approximates fair value as interest rates on these instruments approximate current market rates (Level 2).

OTHER_GAINS_AND_CHARGES

OTHER GAINS AND CHARGES	9 Months Ended
	Mar. 26, 2014
Other Gains and Charges [Abstract]	'
OTHER GAINS AND CHARGES	'
	OTHER GAINS AND CHARGES
	Other gains and charges consist of the following (in thousands):
		Thirteen Week Periods Ended					Thirty-Nine Week Periods Ended
		26-Mar-14		27-Mar-13			26-Mar-14			27-Mar-13
	Restaurant impairment charges	$	0	$	0		$	1,285		$	661
	Restaurant closure charges	1,224		305			2,330			2,887
	Severance and other benefits	717		1,269			1,110			1,269
	Gains on the sale of assets, net	0		(81		)	(579		)	(2,430		)
	Other	147		57			169			(160		)
		$	2,088	$	1,550		$	4,315		$	2,227
	In the third quarter of fiscal 2014, we recorded $1.2 million of restaurant closure charges consisting primarily of lease termination charges and other costs associated with closed restaurants. Additionally, we incurred $0.7 million in severance and other benefits related to organization changes made during the third quarter. The severance charges include expense related to the accelerated vesting of stock-based compensation awards.
	During the first nine months of fiscal 2014, we recorded restaurant impairment charges of $1.3 million related to underperforming restaurants that either continue to operate or are scheduled to close. We also recorded $2.3 million of restaurant closure charges consisting primarily of lease termination charges and incurred $1.1 million in severance and other benefits related to organizational changes. Additionally, a $0.6 million gain was recorded primarily related to land sales in the second quarter.
	In the third quarter of fiscal 2013, we incurred $1.3 million related to severance and other benefits related to organizational changes made during the third quarter of fiscal 2013. The severance charges include expense related to the accelerated vesting of stock-based compensation awards.
	During the first nine months of fiscal 2013, we recorded restaurant impairment charges of $0.7 million related to underperforming restaurants that either continue to operate or are scheduled to close. We also recorded $2.9 million in restaurant closure charges, consisting primarily of $1.7 million in lease termination charges and $0.9 million primarily related to the write-down of land associated with a closed facility. Additionally, we incurred $1.3 million in severance and other benefits and recorded net gains of $2.4 million primarily related to land sales.
	The impairment charges were measured as the excess of the carrying amount of property and equipment over the fair value. See Note 5 for fair value disclosures related to the restaurant impairment charges.

SHAREHOLDERS_EQUITY

SHAREHOLDERS' EQUITY	9 Months Ended
	Mar. 26, 2014
Stockholders' Equity Note [Abstract]	'
SHAREHOLDERS' EQUITY	'
	SHAREHOLDERS’ EQUITY
	In August 2013, our Board of Directors authorized a $200.0 million increase to our existing share repurchase program. We repurchased approximately 4.1 million shares of our common stock for $191.8 million during the first three quarters of fiscal 2014. As of March 26, 2014, approximately $354.7 million was available under our share repurchase authorizations. Our stock repurchase plan has been and will be used to return capital to shareholders and to minimize the dilutive impact of stock options and other share-based awards. We evaluate potential share repurchases under our plan based on several factors, including our cash position, share price, operational liquidity, proceeds from divestitures, and borrowing, planned investment and financing needs. Repurchased common stock is reflected as a reduction of shareholders’ equity.
	During the first three quarters of fiscal 2014, we granted approximately 175,000 stock options with a weighted average exercise price of $40.85 and a weighted average fair value of $15.65, and approximately 448,000 restricted share awards with a weighted average fair value of $39.61. Additionally, during the first three quarters of fiscal 2014, approximately 1.0 million stock options were exercised resulting in cash proceeds of approximately $24.6 million. We received an excess tax benefit from stock-based compensation of approximately $18.0 million during the first three quarters primarily as a result of the normally scheduled vesting and distribution of restricted stock grants and performance shares.
	During the first three quarters of fiscal 2014, we paid dividends of $47.6 million to common stock shareholders, compared to $42.2 million in the prior year. Our Board of Directors approved a 20 percent increase in the quarterly dividend from $0.20 to $0.24 per share effective with the dividend declared in August 2013. Additionally, we declared a quarterly dividend of $15.8 million in February 2014 which was paid on March 27, 2014. The dividend accrual was included in accrued liabilities on our consolidated balance sheet as of March 26, 2014.

SUPPLEMENTAL_CASH_FLOW_INFORMA

SUPPLEMENTAL CASH FLOW INFORMATION	9 Months Ended
	Mar. 26, 2014
Supplemental Cash Flow Information [Abstract]	'
SUPPLEMENTAL CASH FLOW INFORMATION	'
	SUPPLEMENTAL CASH FLOW INFORMATION
	Cash paid for income taxes and interest in the first three quarters of fiscal 2014 and 2013 are as follows (in thousands):
		March 26,		March 27,
		2014		2013
	Income taxes, net of refunds	$	22,825	$	38,799
	Interest, net of amounts capitalized	14,640		15,909
	Non-cash investing activities for the first three quarters of fiscal 2014 and 2013 are as follows (in thousands):
		March 26,		March 27,
		2014		2013
	Retirement of fully depreciated assets	$	49,601	$	43,262

CONTINGENCIES

CONTINGENCIES	9 Months Ended
	Mar. 26, 2014
Commitments and Contingencies Disclosure [Abstract]	'
CONTINGENCIES	'
	CONTINGENCIES
	In connection with the sale of restaurants to franchisees and brand divestitures, we have, in certain cases, guaranteed lease payments. As of March 26, 2014 and June 26, 2013, we have outstanding lease guarantees or are secondarily liable for $123.5 million and $132.6 million, respectively. These amounts represent the maximum potential liability of future payments under the guarantees. These leases have been assigned to the buyers and expire at the end of the respective lease terms, which range from fiscal 2014 through fiscal 2024. In the event of default, the indemnity and default clauses in our assignment agreements govern our ability to pursue and recover damages incurred. No material liabilities have been recorded as of March 26, 2014.
	In August 2004, certain current and former hourly restaurant team members filed a putative class action lawsuit against us in California Superior Court alleging violations of California labor laws with respect to meal periods and rest breaks. The lawsuit sought penalties and attorney’s fees and was certified as a class action by the trial court in July 2006. In July 2008, the California Court of Appeal decertified the class action on all claims with prejudice. In October 2008, the California Supreme Court granted a writ to review the decision of the Court of Appeal and oral arguments were heard by the California Supreme Court on November 8, 2011. On April 12, 2012, the California Supreme Court issued an opinion affirming in part, reversing in part, and remanding in part for further proceedings. The California Supreme Court’s opinion resolved many of the legal standards for meal periods and rest breaks in our California restaurants. On September 26, 2013, the trial court granted plaintiffs’ motion to certify a meal period subclass and denied our motion to decertify the rest period subclass. We intend to continue our vigorous defense of this lawsuit. Given the trial court’s recent ruling, we believe it is reasonably possible that a loss has been incurred but the amount cannot be reasonably estimated at this time given there are significant issues to be resolved that will have a material impact on the potential loss or range of loss. Subsequent to the end of the quarter, the parties participated in a mediation where preliminary settlement discussions began, but a settlement was not achieved and significant issues still remain to be resolved that will have a material impact on the potential range of loss.
	We are engaged in various other legal proceedings and have certain unresolved claims pending. Reserves have been established based on our best estimates of our potential liability in certain of these matters. We are of the opinion that, apart from the discussion above, there are no matters pending or threatened which are likely to have a material adverse effect, individually or in the aggregate, on our consolidated financial condition or results of operations. However, we understand that evaluating contingencies related to litigation is a complex process involving subjective judgment on the potential outcome of future events and the ultimate resolution of litigated claims may differ from our current analysis. Accordingly, we review the adequacy of accruals and disclosures pertaining to litigated matters each quarter in consultation with legal counsel and we assess the probability and range of possible losses associated with contingencies for potential accrual in the consolidated financial statements.

LONGTERM_DEBT_Tables

LONG-TERM DEBT (Tables)	9 Months Ended
	Mar. 26, 2014
Debt Disclosure [Abstract]	'
Long-Term Debt	'
	Long-term debt consists of the following (in thousands):
		March 26,			June 26,
		2014			2013
	3.88% notes	$	299,729		$	299,707
	2.60% notes	249,856			249,829
	Term loan	193,750			212,500
	Revolving credit facility	58,000			0
	Capital lease obligations	43,734			45,681
		845,069			807,717
	Less current installments	(27,810		)	(27,596		)
		$	817,259		$	780,121

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Mar. 26, 2014
Fair Value Disclosures [Abstract]	'
Fair Value Measurements, Nonrecurring [Table Text Block]	'
	The following table presents fair values for those assets measured at fair value on a non-recurring basis at March 26, 2014 and March 27, 2013 (in thousands):
		Fair Value Measurements Using
		Level 1		Level 2		Level 3		Total
	Long-lived assets held for use
	At March 26, 2014	$	0	$	0	$	1,342	$	1,342
	At March 27, 2013	$	0	$	0	$	140	$	140

OTHER_GAINS_AND_CHARGES_Tables

OTHER GAINS AND CHARGES (Tables)	9 Months Ended
	Mar. 26, 2014
Other Gains and Charges [Abstract]	'
Schedule Of Other Gains And Charges	'
	Other gains and charges consist of the following (in thousands):
		Thirteen Week Periods Ended					Thirty-Nine Week Periods Ended
		26-Mar-14		27-Mar-13			26-Mar-14			27-Mar-13
	Restaurant impairment charges	$	0	$	0		$	1,285		$	661
	Restaurant closure charges	1,224		305			2,330			2,887
	Severance and other benefits	717		1,269			1,110			1,269
	Gains on the sale of assets, net	0		(81		)	(579		)	(2,430		)
	Other	147		57			169			(160		)
		$	2,088	$	1,550		$	4,315		$	2,227

SUPPLEMENTAL_CASH_FLOW_INFORMA1

SUPPLEMENTAL CASH FLOW INFORMATION (Tables)	9 Months Ended
	Mar. 26, 2014
Supplemental Cash Flow Information [Abstract]	'
Cash Paid for Interest and Income Taxes	'
	Cash paid for income taxes and interest in the first three quarters of fiscal 2014 and 2013 are as follows (in thousands):
		March 26,		March 27,
		2014		2013
	Income taxes, net of refunds	$	22,825	$	38,799
	Interest, net of amounts capitalized	14,640		15,909
Non-Cash Investing Activities	'
	Non-cash investing activities for the first three quarters of fiscal 2014 and 2013 are as follows (in thousands):
		March 26,		March 27,
		2014		2013
	Retirement of fully depreciated assets	$	49,601	$	43,262

Basis_of_Presentation_Addition

Basis of Presentation - Additional Information (Detail)	Mar. 26, 2014
	Location
	Country
	Restaurants
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Number of entity restaurants	1,608
Number of countries in which entity operates	31
Number of territories in which entity operates	2

Recovered_Sheet1

Acquisition of Chili's Restaurants (Details) (USD $)	0 Months Ended	3 Months Ended
In Millions, unless otherwise specified	Jun. 01, 2013	Sep. 25, 2013
	restaurant
ACQUISITION OF CHILI'S RESTAURANTS [Abstract]	'	'
Number of Businesses Acquired	11	'
Payments to Acquire Businesses, Gross	$24.60	'
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Other Assets	'	$8.90

Earning_Per_Share_Additional_I

Earning Per Share - Additional Information (Detail)	3 Months Ended
	Mar. 26, 2014	Mar. 27, 2013
Earnings Per Share [Abstract]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	119,000	470,000

LongTerm_Debt_Schedule_of_Long

Long-Term Debt - Schedule of Long-Term Debt (Detail) (USD $)	Mar. 26, 2014	Jun. 26, 2013
In Thousands, unless otherwise specified
Debt Instrument [Line Items]	'	'
Capital lease obligations	$43,734	$45,681
Long-term debt and capital lease obligations, including current maturities	845,069	807,717
Less current installments	-27,810	-27,596
Long-term debt, less current installments	817,259	780,121
3.88% notes [Member]	'	'
Debt Instrument [Line Items]	'	'
Senior Notes	299,729	299,707
2.60% notes [Member]	'	'
Debt Instrument [Line Items]	'	'
Senior Notes	249,856	249,829
Revolver Borrowings [Member]	'	'
Debt Instrument [Line Items]	'	'
Revolving credit facility	58,000	0
Term Loan [Member]	'	'
Debt Instrument [Line Items]	'	'
Term loan	$193,750	$212,500

LongTerm_Debt_Additional_Infor

Long-Term Debt - Additional Information (Detail) (USD $)	9 Months Ended
	Mar. 26, 2014	Mar. 27, 2013
Line of Credit Facility [Line Items]	'	'
Repayments of Lines of Credit	$40,000,000	$0
Revolver Borrowings [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Proceeds from Lines of Credit	98,000,000	'
Repayments of Lines of Credit	40,000,000	'
Debt available under revolving credit facility	$192,000,000	'
Revised Unsecured Senior Credit Facility [Member]	'	'
Line of Credit Facility [Line Items]	'	'
One-month LIBOR	0.15%	'
Revised Unsecured Senior Credit Facility [Member] | Maximum [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Basis spread on variable rate	2.50%	'
Revised Unsecured Senior Credit Facility [Member] | Minimum [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Basis spread on variable rate	1.63%	'

Fair_Value_MeasurementsAssets_

Fair Value Measurements-Assets Measured At Fair Value on Non-recurring Basis (Details) (USD $)	Mar. 26, 2014	Mar. 27, 2013
In Thousands, unless otherwise specified
Fair Value Disclosure [Line Items]	'	'
Fair Value Of Impaired Long Lived Assets	$1,342	$140
Fair Value, Inputs, Level 1 [Member]	'	'
Fair Value Disclosure [Line Items]	'	'
Fair Value Of Impaired Long Lived Assets	0	0
Fair Value, Inputs, Level 2 [Member]	'	'
Fair Value Disclosure [Line Items]	'	'
Fair Value Of Impaired Long Lived Assets	0	0
Fair Value, Inputs, Level 3 [Member]	'	'
Fair Value Disclosure [Line Items]	'	'
Fair Value Of Impaired Long Lived Assets	$1,342	$140

Fair_Value_Measurements_Additi

Fair Value Measurements - Additional information (Detail) (USD $)	3 Months Ended		9 Months Ended
	Mar. 26, 2014	Mar. 27, 2013	Mar. 26, 2014	Mar. 27, 2013	Mar. 26, 2014	Jun. 26, 2013	Mar. 26, 2014	Jun. 26, 2013
					2.60% notes [Member]	2.60% notes [Member]	3.88% notes [Member]	3.88% notes [Member]
Fair Value Disclosure [Line Items]	'	'	'	'	'	'	'	'
Number Of Underperforming Restaurants	'	'	4	1	'	'	'	'
Carrying Value Of Impaired Long Lived Assets	'	'	$2,600,000	$800,000	'	'	'	'
Fair Value Of Impaired Long Lived Assets	1,342,000	140,000	1,342,000	140,000	'	'	'	'
Restaurant impairment charges	0	0	1,285,000	661,000	'	'	'	'
Debt Instrument, Interest Rate, Stated Percentage	'	'	'	'	2.60%	'	3.88%	'
Senior Notes	'	'	'	'	249,856,000	249,829,000	299,729,000	299,707,000
Long-term Debt, Fair Value	'	'	'	'	$248,200,000	$244,200,000	$279,800,000	$279,500,000

Other_Gains_and_Charges_Schedu

Other Gains and Charges - Schedule of Other Gains and Charges (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Mar. 26, 2014	Mar. 27, 2013	Mar. 26, 2014	Mar. 27, 2013
Other Gains and Charges [Abstract]	'	'	'	'
Restaurant impairment charges	$0	$0	$1,285	$661
Restaurant closure charges	1,224	305	2,330	2,887
Severance Costs	717	1,269	1,110	1,269
Gain loss on sale of assets	0	-81	-579	-2,430
Other	147	57	169	-160
Other gains and charges	$2,088	$1,550	$4,315	$2,227

Other_Gains_and_Charges_Additi

Other Gains and Charges - Additional Information (Detail) (USD $)	3 Months Ended		9 Months Ended
	Mar. 26, 2014	Mar. 27, 2013	Mar. 26, 2014	Mar. 27, 2013
Other Gains and Charges [Abstract]	'	'	'	'
Restaurant impairment charges	$0	$0	$1,285,000	$661,000
Restaurant closure charges	1,224,000	305,000	2,330,000	2,887,000
Severance Costs	717,000	1,269,000	1,110,000	1,269,000
Gain loss on sale of assets	0	-81,000	-579,000	-2,430,000
Lease termination charges prior years	'	'	'	1,700,000
Impairment of land	'	'	'	$900,000

Shareholders_Equity_Additional

Shareholder's Equity - Additional information (Detail) (USD $)	0 Months Ended	3 Months Ended			9 Months Ended
	Mar. 27, 2014	Mar. 26, 2014	Jun. 26, 2013	Mar. 27, 2013	Mar. 26, 2014	Mar. 27, 2013
Stockholders' Equity Note [Abstract]	'	'	'	'	'	'
Increase in share repurchase program	'	'	'	'	$200,000,000	'
Shares repurchased, shares	'	'	'	'	4,100,000	'
Shares repurchased, value	'	'	'	'	191,811,000	191,799,000
Amount available under share repurchase authorizations	'	'	'	'	354,700,000	'
Stock option, granted	'	'	'	'	175,000	'
Stock option, exercise price	'	'	'	'	$40.85	'
Stock option, fair value	'	'	'	'	$15.65	'
Restricted share awards, granted	'	'	'	'	448,000	'
Restricted share awards, weighted average fair value	'	'	'	'	$39.61	'
Stock option exercised, shares	'	'	'	'	1,000,000	'
Cash proceeds from stock option exercised	'	'	'	'	24,574,000	32,042,000
Excess tax benefits from stock-based compensation	'	'	'	'	17,972,000	7,811,000
Cash dividends paid	$15,800,000	'	'	'	$47,556,000	$42,161,000
Percentage increase in quarterly dividend declared	'	20.00%	'	'	'	'
Dividends per share declared	'	$0.24	$0.20	$0.20	$0.72	$0.60
Dividends Payable, Date to be Paid	27-Mar-14	'	'	'	'	'

Recovered_Sheet2

Supplemental Cash Flow Information - Cash Paid for Interest and Income Taxes (Detail) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Mar. 26, 2014	Mar. 27, 2013
Supplemental Cash Flow Information [Abstract]	'	'
Income taxes, net of refunds	$22,825	$38,799
Interest, net of amounts capitalized	$14,640	$15,909

Recovered_Sheet3

Supplemental Cash Flow Information - Non-Cash Investing Activities (Detail) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Mar. 26, 2014	Mar. 27, 2013
Supplemental Cash Flow Information [Abstract]	'	'
Retirement of fully depreciated assets	$49,601	$43,262

Contingencies_Additional_infor

Contingencies - Additional information (Detail) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Mar. 26, 2014	Mar. 26, 2014	Jun. 26, 2013
	LegalMatter	Lease Guarantees And Secondary Obligations [Member]	Lease Guarantees And Secondary Obligations [Member]
Guarantor Obligations [Line Items]	'	'	'
Maximum potential liability of future payments under guarantees	'	$123.50	$132.60
Description of material contingencies	'No material liabilities have been recorded as of March 26, 2014.	'	'
Number of threatened or pending claims expected to have a material adverse effect	0	'	'