Brinker International (EAT) 10-Q 3 Nov 14 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Sep. 24, 2014	Oct. 27, 2014
Entity Information [Line Items]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	24-Sep-14	'
Document Fiscal Year Focus	'2015	'
Document Fiscal Period Focus	'Q1	'
Entity Registrant Name	'BRINKER INTERNATIONAL INC	'
Entity Central Index Key	'0000703351	'
Current Fiscal Year End Date	'--06-24	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	63,555,675

Consolidated_Balance_Sheets_Un

Consolidated Balance Sheets (Unaudited) (USD $)	Sep. 24, 2014	Jun. 25, 2014
In Thousands, unless otherwise specified
Current Assets:	'	'
Cash and cash equivalents	$63,691	$57,685
Accounts receivable	38,452	47,850
Inventories	24,161	23,643
Prepaid expenses and other	61,963	65,506
Deferred income taxes	12,840	16,170
Total current assets	201,107	210,854
Property and Equipment, at Cost:	'	'
Land	148,053	149,184
Buildings and leasehold improvements	1,503,590	1,483,894
Furniture and equipment	598,526	593,344
Construction-in-progress	24,817	32,844
Property plant and equipment gross	2,274,986	2,259,266
Less accumulated depreciation and amortization	-1,224,510	-1,202,812
Net property and equipment	1,050,476	1,056,454
Other Assets:	'	'
Goodwill	133,194	133,434
Deferred income taxes	32,202	30,090
Intangibles, net	18,349	18,841
Other	40,883	40,931
Total other assets	224,628	223,296
Total assets	1,476,211	1,490,604
Current Liabilities:	'	'
Current installments of long-term debt	27,959	27,884
Accounts payable	90,137	102,931
Accrued liabilities	321,697	328,017
Income taxes payable	1,104	7,278
Total current liabilities	440,897	466,110
Long-term debt, less current installments	865,272	832,302
Other liabilities	131,861	129,098
Commitments and Contingencies (Note 8)	'	'
Shareholders’ Equity:	'	'
Common stock—250,000,000 authorized shares; $0.10 par value; 176,246,649 shares issued and 64,203,210 shares outstanding at September 24, 2014, and 176,246,649 shares issued and 64,558,909 shares outstanding at June 25, 2014	17,625	17,625
Additional paid-in capital	477,274	484,320
Accumulated Other Comprehensive Income (Loss)	-1,747	-940
Retained earnings	2,320,687	2,306,532
Shareholders' equity including treasury stock	2,813,839	2,807,537
Less treasury stock, at cost (112,043,439 shares at September 24, 2014 and 111,687,740 shares at June 25, 2014)	-2,775,658	-2,744,443
Total shareholders’ equity	38,181	63,094
Total liabilities and shareholders’ equity	$1,476,211	$1,490,604

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 24, 2014	Jun. 25, 2014
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	64,203,210	64,558,909
Treasury Stock, shares	112,043,439	111,687,740

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 24, 2014	Sep. 25, 2013
Statement of Comprehensive Income [Abstract]	'	'
Company sales	$686,864	$664,502
Franchise and other revenues	24,154	20,158
Total revenues	711,018	684,660
Operating costs and expenses:	'	'
Cost of sales	184,785	180,658
Restaurant labor	227,276	218,716
Restaurant expenses	175,538	167,690
Company restaurant expenses	587,599	567,064
Depreciation and amortization	35,542	33,156
General and administrative	32,634	34,421
Other gains and charges	933	1,006
Total operating costs and expenses	656,708	635,647
Operating income	54,310	49,013
Interest expense	6,999	7,013
Other, net	-503	-582
Income before provision for income taxes	47,814	42,582
Provision for income taxes	15,076	13,370
Net income	32,738	29,212
Basic net income per share	$0.51	$0.44
Diluted net income per share	$0.49	$0.42
Basic weighted average shares outstanding	64,668	66,693
Diluted weighted average shares outstanding	66,263	68,802
Other Comprehensive Income (Loss) [Abstract]	'	'
Foreign Currency Translation Adjustment	-807	65
Other Comprehensive Loss	-807	65
Comprehensive Income	$31,931	$29,277
Dividends per share	$0.28	$0.24

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Sep. 24, 2014	Sep. 25, 2013
Cash Flows from Operating Activities:	'	'
Net income	$32,738	$29,212
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation and amortization	35,542	33,156
Stock-based compensation	3,788	5,000
Deferred income taxes	1,218	1,862
Restructure charges and other impairments	933	640
Net loss on disposal of assets	714	1,199
Gain on equity investments	-108	-122
Other	219	165
Changes in assets and liabilities:	'	'
Accounts receivable	8,324	8,429
Inventories	-518	531
Prepaid expenses and other	4,315	1,404
Intangibles and other assets	-932	-727
Accounts payable	-4,322	-4,469
Accrued liabilities	-9,305	-19,765
Current income taxes	-5,113	-1,494
Other liabilities	3,405	395
Net cash provided by operating activities	70,898	55,416
Cash Flows from Investing Activities:	'	'
Payments for property and equipment	-40,183	-29,844
Proceeds from sale of assets	1,216	0
Net cash used in investing activities	-38,967	-29,844
Cash Flows from Financing Activities:	'	'
Purchases of treasury stock	-53,316	-66,301
Borrowings on revolving credit facility	40,000	60,000
Payments of dividends	-17,198	-15,281
Excess tax benefits from stock-based compensation	9,376	13,924
Payments on long-term debt	-6,669	-6,630
Proceeds from issuances of treasury stock	1,882	4,953
Payments on revolving credit facility	0	-20,000
Net cash used in financing activities	-25,925	-29,335
Net change in cash and cash equivalents	6,006	-3,763
Cash and cash equivalents at beginning of period	57,685	59,367
Cash and cash equivalents at end of period	$63,691	$55,604

BASIS_OF_PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Sep. 24, 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 September 24, 2014 and June 25, 2014 and for the thirteen week periods ended September 24, 2014 and September 25, 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 September 24, 2014, we owned, operated or franchised 1,622 restaurants in the United States and 29 countries and two territories outside of the United States.
	We discovered an immaterial error related to the classification of certain revenues and expenses in the consolidated statements of comprehensive income in the previously issued financial statements for the year ended June 25, 2014 primarily related to Maggiano’s delivery services.  The amounts had previously been reported net instead of gross. The error did not impact net income as previously reported or any prior amounts reported on the consolidated balance sheets, statements of cash flows or statements of shareholders' equity.  We corrected the error by adjusting the previously reported consolidated statement of comprehensive income for the thirteen week period ended September 25, 2013, which resulted in a $0.7 million increase in franchise and other revenues and restaurant expenses.
	The foreign currency translation adjustment included in comprehensive income on the consolidated statements of comprehensive income represents the unrealized impact of translating the financial statements of the Canadian restaurants 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 loss is presented on the 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 25, 2014 Form 10-K. We believe the disclosures are sufficient for interim financial reporting purposes.

EARNINGS_PER_SHARE

EARNINGS PER SHARE	3 Months Ended
	Sep. 24, 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 450,000 stock options and restricted share awards outstanding at September 24, 2014 and 333,000 stock options and restricted share awards outstanding at September 25, 2013 that were not included in the dilutive earnings per share calculation because the effect would have been anti-dilutive.
	Basic weighted average shares outstanding is reconciled to diluted weighted average shares outstanding as follows (in thousands):
		September 24, 2014	September 25, 2013
	Basic weighted average shares outstanding	64,668	66,693
	Dilutive stock options	653	932
	Dilutive restricted shares	942	1,177
		1,595	2,109
	Diluted weighted average shares outstanding	66,263	68,802

LONGTERM_DEBT

LONG-TERM DEBT	3 Months Ended
	Sep. 24, 2014
Debt Disclosure [Abstract]	'
LONG-TERM DEBT	'
	LONG-TERM DEBT
	Long-term debt consists of the following (in thousands):
		September 24,			June 25,
		2014			2014
	3.88% notes	$	299,744		$	299,736
	2.60% notes	249,873			249,864
	Term loan	181,250			187,500
	Revolving credit facility	120,000			80,000
	Capital lease obligations	42,364			43,086
		893,231			860,186
	Less current installments	(27,959		)	(27,884		)
		$	865,272		$	832,302
	During the first three months of fiscal 2015, $40 million was drawn from the revolving credit facility primarily to fund share repurchases, leaving $130 million of credit available under the revolving credit facility as of September 24, 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 September 24, 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.

ACCRUED_AND_OTHER_LIABILITIES

ACCRUED AND OTHER LIABILITIES	3 Months Ended
	Sep. 24, 2014
ACCRUED AND OTHER LIABILITIES [Abstract]	'
ACCRUED AND OTHER LIABILITIES	'
	ACCRUED AND OTHER LIABILITIES
	Accrued liabilities consist of the following (in thousands):
		September 24,		June 25,
		2014		2014
	Gift cards	$	98,939	$	104,378
	Payroll	64,037		77,585
	Litigation reserves	39,500		39,500
	Sales tax	18,515		19,622
	Insurance	22,019		20,652
	Property tax	18,114		14,209
	Dividends	18,150		15,625
	Other	42,423		36,446
		$	321,697	$	328,017
	Other liabilities consist of the following (in thousands):
		24-Sep-14		June 25,
				2014
	Straight-line rent	$	58,301	$	57,462
	Insurance	37,247		36,352
	Landlord contributions	24,748		23,404
	Unrecognized tax benefits	5,347		5,247
	Other	6,218		6,633
		$	131,861	$	129,098

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Sep. 24, 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
	We review the carrying amount of property and equipment and liquor licenses in the second and fourth quarters or when events or circumstances indicate that the carrying amount may not be recoverable. If the carrying amount is not recoverable, we record an impairment charge for the excess of the carrying amount over the fair value. No impairment charges were recorded in the first quarters of fiscal 2015 and fiscal 2014.
	(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 2 fair value measurements. At September 24, 2014, the 2.60% notes had a carrying value of $249.9 million and a fair value of $250.0 million and the 3.88% notes had a carrying value of $299.7 million and a fair value of $291.6 million. At June 25, 2014, the 2.60% notes had a carrying value of $249.9 million and a fair value of $250.4 million and the 3.88% notes had a carrying value of $299.7 million and a fair value of $290.2 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).

SHAREHOLDERS_EQUITY

SHAREHOLDERS' EQUITY	3 Months Ended
	Sep. 24, 2014
Stockholders' Equity Note [Abstract]	'
Stockholders' Equity Note Disclosure [Text Block]	'
	SHAREHOLDERS’ EQUITY
	In August 2014, our Board of Directors authorized a $350.0 million increase to our existing share repurchase program. We repurchased approximately 1.1 million shares of our common stock for $53.3 million during the first quarter of fiscal 2015 including 871,000 shares purchased under the share repurchase program. As of September 24, 2014, approximately $613.0 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, borrowings, and planned investment and financing needs. Repurchased common stock is reflected as a reduction of shareholders’ equity.
	During the first quarter of fiscal 2015, we granted approximately 219,000 stock options with a weighted average exercise price of $49.04 and a weighted average fair value of $11.61, and approximately 220,000 restricted share awards with a weighted average fair value of $48.90. Additionally, during the first quarter of fiscal 2015, approximately 81,000 stock options were exercised resulting in cash proceeds of approximately $1.9 million. We received an excess tax benefit from stock-based compensation of approximately $9.4 million during the first quarter primarily as a result of the normally scheduled vesting and distribution of restricted stock grants and performance shares. The excess tax benefit from stock-based compensation represents the additional income tax benefit received resulting from the increase in the fair value of awards from the time of grant to the exercise date.
	During the first quarter of fiscal 2015, we paid dividends of $17.2 million to common stock shareholders, compared to $15.3 million in the first quarter of the prior year. Additionally, our Board of Directors approved a 17 percent increase in the quarterly dividend from $0.24 to $0.28 per share effective with the dividend declared in August 2014 of $18.2 million, which was paid during the second quarter on September 25, 2014. The dividend accrual was included in accrued liabilities on our consolidated balance sheet as of September 24, 2014.

SUPPLEMENTAL_CASH_FLOW_INFORMA

SUPPLEMENTAL CASH FLOW INFORMATION	3 Months Ended
	Sep. 24, 2014
Supplemental Cash Flow Information [Abstract]	'
SUPPLEMENTAL CASH FLOW INFORMATION	'
	SUPPLEMENTAL CASH FLOW INFORMATION
	Cash paid for income taxes and interest in the first quarter of fiscal 2015 and 2014 are as follows (in thousands):
		September 24,		September 25,
		2014		2013
	Income taxes, net of refunds	$	8,758	$	(1,729	)
	Interest, net of amounts capitalized	1,774		1,808
	Non-cash investing and financing activities for the first quarter of fiscal 2015 and 2014 are as follows (in thousands):
		September 24,		September 25,
		2014		2013
	Retirement of fully depreciated assets	$	12,376	$	9,514
	Accrued dividends	18,150		16,047

CONTINGENCIES

CONTINGENCIES	3 Months Ended
	Sep. 24, 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 September 24, 2014 and June 25, 2014, we have outstanding lease guarantees or are secondarily liable for $115.6 million and $116.5 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 2015 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 September 24, 2014, as the likelihood of default by the buyers on the assignment agreements was deemed to be less than probable.
	We provide letters of credit to various insurers to collateralize obligations for outstanding claims. As of September 24, 2014, we had $32.1 million in undrawn standby letters of credit outstanding. All standby letters of credit are renewable annually.
	The aggregate litigation reserves of approximately $39.5 million at September 24, 2014 are based on the terms set forth in the applicable agreements and our reasonable expectations regarding future events. 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.
	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, styled as Hohnbaum, et al. v. Brinker Restaurant Corp., et al. 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.
	On April 8, 2014, the parties participated in mediation where preliminary settlement discussions began, but a settlement was not achieved and significant issues remained outstanding.  On August 6, 2014, the parties reached a preliminary settlement agreement, which remains subject to court approval, to resolve all claims in exchange for a settlement payment not to exceed $56.5 million.  We established a reserve of approximately $39.0 million related to this pending class action litigation, but the actual amount of any settlement payment could vary from our reserve and will be subject to many factors including approval by the court, claims process, and other matters typically associated with the potential settlement of complex class action litigation.
	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. Based upon consultation with legal counsel, Management is of the opinion that 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.

SUBSEQUENT_EVENTS_Notes

SUBSEQUENT EVENTS (Notes)	3 Months Ended
	Sep. 24, 2014
Subsequent Events [Abstract]	'
SUBSEQUENT EVENTS	'
	9. SUBSEQUENT EVENTS
	In October 2014, an additional $43 million was borrowed from the revolver for general corporate purposes, including share repurchases. Subsequent to the end of the quarter, we repurchased approximately 810,000 shares for $42.0 million.
	On October 30, 2014, our Board of Directors declared a quarterly dividend of $0.28 per share to be paid on December 26, 2014 to shareholders of record as of December 5, 2014.

EARNINGS_PER_SHARE_Tables

EARNINGS PER SHARE (Tables)	3 Months Ended
	Sep. 24, 2014
Earnings Per Share [Abstract]	'
Schedule of Weighted Average Number of Shares	'
	Basic weighted average shares outstanding is reconciled to diluted weighted average shares outstanding as follows (in thousands):
		September 24, 2014	September 25, 2013
	Basic weighted average shares outstanding	64,668	66,693
	Dilutive stock options	653	932
	Dilutive restricted shares	942	1,177
		1,595	2,109
	Diluted weighted average shares outstanding	66,263	68,802

LONGTERM_DEBT_Tables

LONG-TERM DEBT (Tables)	3 Months Ended
	Sep. 24, 2014
Debt Disclosure [Abstract]	'
Long-Term Debt	'
	Long-term debt consists of the following (in thousands):
		September 24,			June 25,
		2014			2014
	3.88% notes	$	299,744		$	299,736
	2.60% notes	249,873			249,864
	Term loan	181,250			187,500
	Revolving credit facility	120,000			80,000
	Capital lease obligations	42,364			43,086
		893,231			860,186
	Less current installments	(27,959		)	(27,884		)
		$	865,272		$	832,302

ACCRUED_AND_OTHER_LIABILITIES_

ACCRUED AND OTHER LIABILITIES (Tables)	3 Months Ended
	Sep. 24, 2014
ACCRUED AND OTHER LIABILITIES [Abstract]	'
Schedule of Accrued Liabilities	'
	Accrued liabilities consist of the following (in thousands):
		September 24,		June 25,
		2014		2014
	Gift cards	$	98,939	$	104,378
	Payroll	64,037		77,585
	Litigation reserves	39,500		39,500
	Sales tax	18,515		19,622
	Insurance	22,019		20,652
	Property tax	18,114		14,209
	Dividends	18,150		15,625
	Other	42,423		36,446
		$	321,697	$	328,017
Schedule Of Other Liabilities	'
	Other liabilities consist of the following (in thousands):
		24-Sep-14		June 25,
				2014
	Straight-line rent	$	58,301	$	57,462
	Insurance	37,247		36,352
	Landlord contributions	24,748		23,404
	Unrecognized tax benefits	5,347		5,247
	Other	6,218		6,633
		$	131,861	$	129,098

SUPPLEMENTAL_CASH_FLOW_INFORMA1

SUPPLEMENTAL CASH FLOW INFORMATION (Tables)	3 Months Ended
	Sep. 24, 2014
Supplemental Cash Flow Information [Abstract]	'
Cash Paid for Interest and Income Taxes	'
	Cash paid for income taxes and interest in the first quarter of fiscal 2015 and 2014 are as follows (in thousands):
		September 24,		September 25,
		2014		2013
	Income taxes, net of refunds	$	8,758	$	(1,729	)
	Interest, net of amounts capitalized	1,774		1,808
Non-Cash Investing and Financing Activities	'
	Non-cash investing and financing activities for the first quarter of fiscal 2015 and 2014 are as follows (in thousands):
		September 24,		September 25,
		2014		2013
	Retirement of fully depreciated assets	$	12,376	$	9,514
	Accrued dividends	18,150		16,047

Basis_of_Presentation_Addition

Basis of Presentation - Additional Information (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Sep. 25, 2013	Sep. 24, 2014
		restaurant
		Location
		Country
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'	'
Number of entity restaurants	'	1,622
Number of countries in which entity operates	'	29
Number of territories in which entity operates	'	2
Quantifying Immaterial Error in Prior Period	$0.70	'

Earning_Per_Share_Additional_I

Earning Per Share - Additional Information (Detail)	3 Months Ended
	Sep. 24, 2014	Sep. 25, 2013
Earnings Per Share [Abstract]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	450,000	333,000

Schedule_of_Weighted_Average_N

Schedule of Weighted Average Number of Shares (Details)	3 Months Ended
In Thousands, unless otherwise specified	Sep. 24, 2014	Sep. 25, 2013
Reconciliation of Weighted Average Shares Outstanding [Line Items]	'	'
Basic weighted average shares outstanding	64,668	66,693
Weighted Average Number Diluted Shares Outstanding Adjustment	1,595	2,109
Diluted weighted average shares outstanding	66,263	68,802
Employee Stock Option [Member]	'	'
Reconciliation of Weighted Average Shares Outstanding [Line Items]	'	'
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	653	932
Restricted Share Award [Member]	'	'
Reconciliation of Weighted Average Shares Outstanding [Line Items]	'	'
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	942	1,177

LongTerm_Debt_Schedule_of_Long

Long-Term Debt - Schedule of Long-Term Debt (Detail) (USD $)	Sep. 24, 2014	Jun. 25, 2014
In Thousands, unless otherwise specified
Debt Instrument [Line Items]	'	'
Capital lease obligations	$42,364	$43,086
Long-term debt and capital lease obligations, including current maturities	893,231	860,186
Less current installments	-27,959	-27,884
Long-term debt, less current installments	865,272	832,302
3.88% notes [Member]	'	'
Debt Instrument [Line Items]	'	'
Senior Notes	299,744	299,736
2.60% notes [Member]	'	'
Debt Instrument [Line Items]	'	'
Senior Notes	249,873	249,864
Revolver Borrowings [Member]	'	'
Debt Instrument [Line Items]	'	'
Revolving credit facility	120,000	80,000
Term Loan [Member]	'	'
Debt Instrument [Line Items]	'	'
Term loan	$181,250	$187,500

LongTerm_Debt_Additional_Infor

Long-Term Debt - Additional Information (Detail) (USD $)	3 Months Ended
	Sep. 24, 2014	Sep. 25, 2013
Line of Credit Facility [Line Items]	'	'
Repayments of Lines of Credit	$0	$20,000,000
Revolver Borrowings [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Proceeds from Lines of Credit	40,000,000	'
Debt available under revolving credit facility	$130,000,000	'
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%	'

Recovered_Sheet1

Accrued and Other Liabilities (Accrued Liabilities) (Details) (USD $)	Sep. 24, 2014	Jun. 25, 2014
In Thousands, unless otherwise specified
ACCRUED AND OTHER LIABILITIES [Abstract]	'	'
Gift Cards	$98,939	$104,378
Payroll	64,037	77,585
Litigation reserves	39,500	39,500
Sales Tax	18,515	19,622
Insurance	22,019	20,652
Property tax	18,114	14,209
Dividends	18,150	15,625
Other	42,423	36,446
Accrued Liabilities, Current	$321,697	$328,017

Accrued_and_Other_Liabilities_1

Accrued and Other Liabilities (Other Liabilities) (Details) (USD $)	Sep. 24, 2014	Jun. 25, 2014
In Thousands, unless otherwise specified
Accrued and Other Liabilities (Other Liabilities) [Abstract]	'	'
Straight-line rent	$58,301	$57,462
Insurance	37,247	36,352
Landlord contributions	24,748	23,404
Unrecognized tax benefits	5,347	5,247
Other	6,218	6,633
Other liabilities	$131,861	$129,098

Fair_Value_Measurements_Additi

Fair Value Measurements - Additional information (Detail) (USD $)	Sep. 24, 2014	Jun. 25, 2014
2.60% notes [Member]	'	'
Fair Value Disclosure [Line Items]	'	'
Debt Instrument, Interest Rate, Stated Percentage	2.60%	'
Senior Notes	$249,873,000	$249,864,000
Long-term Debt, Fair Value	250,000,000	250,400,000
3.88% notes [Member]	'	'
Fair Value Disclosure [Line Items]	'	'
Debt Instrument, Interest Rate, Stated Percentage	3.88%	'
Senior Notes	299,744,000	299,736,000
Long-term Debt, Fair Value	$291,600,000	$290,200,000

Shareholders_Equity_Additional

Shareholder's Equity - Additional information (Detail) (USD $)	0 Months Ended	3 Months Ended
	Sep. 25, 2014	Sep. 24, 2014	Sep. 25, 2013
Stockholders' Equity Note [Abstract]	'	'	'
Increase in share repurchase program	'	$350,000,000	'
Shares repurchased, shares	'	1,100,000	'
Payments for Repurchase of Common Stock	'	53,316,000	66,301,000
Amount available under share repurchase authorizations	'	613,000,000	'
Stock option, granted	'	219,000	'
Stock option, exercise price	'	$49.04	'
Stock option, fair value	'	$11.61	'
Restricted share awards, granted	'	220,000	'
Restricted share awards, weighted average fair value	'	$48.90	'
Stock option exercised, shares	'	81,000	'
Cash proceeds from stock option exercised	'	1,882,000	4,953,000
Excess tax benefits from stock-based compensation	'	9,376,000	13,924,000
Cash dividends paid	$18,200,000	$17,198,000	$15,281,000
Percentage increase in quarterly dividend declared	'	17.00%	'
Dividends per share declared	'	$0.28	$0.24
Dividends Payable, Date to be Paid	25-Sep-14	'	'

Recovered_Sheet2

Supplemental Cash Flow Information - Cash Paid for Interest and Income Taxes (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Sep. 24, 2014	Sep. 25, 2013
Supplemental Cash Flow Information [Abstract]	'	'
Income taxes, net of refunds	$8,758	($1,729)
Interest, net of amounts capitalized	$1,774	$1,808

Recovered_Sheet3

Supplemental Cash Flow Information - Non-Cash Investing and Financing Activities (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Sep. 24, 2014	Sep. 25, 2013
Supplemental Cash Flow Information [Abstract]	'	'
Retirement of fully depreciated assets	$12,376	$9,514
Dividends Payable	$18,150	$16,047

Contingencies_Additional_infor

Contingencies - Additional information (Detail) (USD $)	Sep. 24, 2014	Jun. 25, 2014
Guarantor Obligations [Line Items]	'	'
Litigation reserves	$39,500,000	$39,500,000
Letters of Credit Outstanding, Amount	32,100,000	'
Lease Guarantees And Secondary Obligations [Member]	'	'
Guarantor Obligations [Line Items]	'	'
Litigation reserves	0	'
Loss Contingency, Range of Possible Loss, Maximum	$115,600,000	$116,500,000

Loss_Contingencies_Details

Loss Contingencies (Details) (USD $)	Sep. 24, 2014	Jun. 25, 2014	Aug. 06, 2014	Jun. 25, 2014
	LegalMatter		August 2004 California lawsuit [Member]	August 2004 California lawsuit [Member]
Loss Contingencies [Line Items]	'	'	'	'
Litigation reserves	$39,500,000	$39,500,000	'	$39,000,000
Loss Contingency, Range of Possible Loss, Maximum	'	'	$56,500,000	'
Loss Contingency, Pending Claims, Number	0	'	'	'

SUBSEQUENT_EVENTSDetails

SUBSEQUENT EVENTS(Details) (USD $)	0 Months Ended	3 Months Ended		1 Months Ended	0 Months Ended			3 Months Ended	1 Months Ended
	Sep. 25, 2014	Sep. 24, 2014	Sep. 25, 2013	Nov. 03, 2014	Dec. 26, 2014	Dec. 05, 2014	Oct. 30, 2014	Sep. 24, 2014	Oct. 31, 2014
				Treasury Stock [Member]	Dividend Declared [Member]	Dividend Declared [Member]	Dividend Declared [Member]	Revolver Borrowings [Member]	Revolver Borrowings [Member]
Subsequent Event [Line Items]	'	'	'	'	'	'	'	'	'
Proceeds from Lines of Credit	'	'	'	'	'	'	'	$40,000,000	$43,000,000
Shares repurchased, shares	'	1,100,000	'	810,000	'	'	'	'	'
Payments for Repurchase of Common Stock	'	$53,316,000	$66,301,000	$42,000,000	'	'	'	'	'
Dividends per share	'	$0.28	$0.24	'	'	'	$0.28	'	'
Dividends Payable, Date to be Paid	25-Sep-14	'	'	'	26-Dec-14	'	'	'	'
Dividends Payable, Date of Record	'	'	'	'	'	5-Dec-14	'	'	'