Panera Bread (PNRA) 10-Q 28 Oct 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	9 Months Ended
	Sep. 29, 2015	Oct. 27, 2015
Document Information [Line Items]
Entity Registrant Name	Panera Bread Company
Entity Central Index Key	724,606
Current Fiscal Year End Date	--12-29
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 29, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		23,798,811
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		1,381,730

Consolidated Balance Sheets (un

Consolidated Balance Sheets (unaudited) - USD ($)	Sep. 29, 2015	Dec. 30, 2014
Current assets:
Cash and cash equivalents	$ 275,177,000	$ 196,493,000
Trade accounts receivable, net	42,764,000	36,584,000
Other accounts receivable	32,776,000	70,069,000
Inventories	20,631,000	22,811,000
Prepaid expenses and other	63,998,000	51,588,000
Deferred income taxes	33,955,000	28,621,000
Assets held for sale	38,257,000	0
Total current assets	507,558,000	406,166,000
Property and equipment, net	782,099,000	787,294,000
Other assets:
Goodwill	118,907,000	120,778,000
Other intangible assets, net	64,400,000	70,940,000
Deposits and other	10,250,000	5,508,000
Total other assets	193,557,000	197,226,000
Total assets	1,483,214,000	1,390,686,000
Current liabilities:
Accounts payable	23,234,000	19,511,000
Accrued expenses	305,653,000	333,201,000
Current portion of long-term debt	19,765,000	0
Liabilities associated with assets held for sale	5,135,000	0
Total current liabilities	353,787,000	352,712,000
Long-term debt	391,497,000	99,784,000
Deferred rent	63,614,000	67,390,000
Deferred income taxes	45,104,000	76,589,000
Other long-term liabilities	56,053,000	58,027,000
Total liabilities	$ 910,055,000	$ 654,502,000
Commitments and Contingencies (Note 9)
Common stock, $.0001 par value per share:
Treasury stock, carried at cost	$ (986,374,000)	$ (706,073,000)
Preferred Stock, $.0001 par value per share	0	0
Additional paid-in capital	230,164,000	214,437,000
Accumulated other comprehensive income (loss)	(5,993,000)	(1,360,000)
Retained earnings	1,335,359,000	1,229,177,000
Total stockholders' equity	573,159,000	736,184,000
Total liabilities and stockholders' equity	1,483,214,000	1,390,686,000
Common Stock Class A [Member]
Common stock, $.0001 par value per share:
Common stock	3,000	3,000
Common Stock Class B [Member]
Common stock, $.0001 par value per share:
Common stock	$ 0	$ 0

Consolidated Balance Sheets Bal

Consolidated Balance Sheets Balance Sheet Parenthetical - $ / shares	Sep. 29, 2015	Dec. 30, 2014
Capital Unit [Line Items]
Treasury Stock, Shares	6,806,224	5,260,744
Common Class A [Member]
Capital Unit [Line Items]
Common Stock, Shares Authorized	112,500,000	112,500,000
Common Stock, Shares, Issued	30,827,452	30,703,472
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares, Outstanding	24,021,228	25,442,728
Common Class B [Member]
Capital Unit [Line Items]
Common Stock, Shares Authorized	10,000,000	10,000,000
Common Stock, Shares, Issued	1,381,730	1,381,865
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares, Outstanding	1,381,730	1,381,865
Preferred Stock [Member]
Capital Unit [Line Items]
Preferred Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Preferred Stock, Shares Authorized	2,000,000	2,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0

Consolidated Statements of Inco

Consolidated Statements of Income (unaudited) - USD ($) shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2015	Sep. 30, 2014	Sep. 29, 2015	Sep. 30, 2014
Revenues:
Total revenues	$ 664,654,000	$ 619,890,000	$ 1,989,815,000	$ 1,856,698,000
Bakery-cafe expenses:
Cost of food and paper products	178,700,000	165,443,000	535,281,000	492,524,000
Labor	190,736,000	170,207,000	561,762,000	500,880,000
Occupancy	42,835,000	40,357,000	129,083,000	118,845,000
Other operating expenses	82,706,000	79,094,000	252,150,000	233,625,000
Total bakery-cafe expenses	494,977,000	455,101,000	1,478,276,000	1,345,874,000
Fresh dough and other product cost of sales to franchisees	41,643,000	39,100,000	118,161,000	113,842,000
Depreciation and amortization	33,885,000	31,187,000	100,167,000	90,681,000
General and administrative expenses	37,575,000	34,460,000	103,515,000	102,112,000
Pre-opening expenses	2,298,000	2,083,000	6,253,000	5,283,000
Refranchising loss	2,174,000	0	11,732,000	0
Total costs and expenses	612,552,000	561,931,000	1,818,104,000	1,657,792,000
Operating profit	52,102,000	57,959,000	171,711,000	198,906,000
Interest expense	1,363,000	462,000	2,266,000	1,386,000
Other (income) expense, net	(55,000)	(719,000)	948,000	(5,934,000)
Income before income taxes	50,794,000	58,216,000	168,497,000	203,454,000
Income taxes	18,401,000	19,002,000	62,315,000	72,653,000
Net income	$ 32,393,000	$ 39,214,000	$ 106,182,000	$ 130,801,000
Earnings Per Common Share
Basic (in dollars per share)	$ 1.28	$ 1.47	$ 4.08	$ 4.85
Diluted (in dollars per share)	$ 1.27	$ 1.46	$ 4.07	$ 4.83
Weighted average shares of common and common equivalent shares outstanding:
Weighted average number of shares outstanding - basic (in shares)	25,394	26,715	26,011	26,979
Weighted average number of shares outstanding - diluted (in shares)	25,501	26,813	26,119	27,108
Operating Segments [Member]
Bakery-cafe expenses:
Depreciation and amortization	$ 33,885,000		$ 100,167,000	$ 90,681,000
Company Bakery Cafe Operations [Member]
Revenues:
Total revenues	584,664,000	$ 545,393,000	1,756,464,000	1,636,587,000
Franchise Operations [Member]
Revenues:
Total revenues	33,740,000	30,585,000	98,952,000	89,950,000
Fresh dough and other product sales to franchisees [Member]
Revenues:
Total revenues	$ 46,250,000	$ 43,912,000	$ 134,399,000	$ 130,161,000

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income Statement - USD ($)	3 Months Ended		9 Months Ended
	Sep. 29, 2015	Sep. 30, 2014	Sep. 29, 2015	Sep. 30, 2014
Statement of Comprehensive Income [Abstract]
Net Income	$ 32,393,000	$ 39,214,000	$ 106,182,000	$ 130,801,000
Unrealized gains (losses) on cash flow hedging instruments	(4,908,000)		(4,908,000)
Unrealized Gain (Loss) on Cash Flow Hedging Instruments		0		0
Tax (expense) benefit	1,941,000	0	1,941,000	0
Foreign currency translation adjustment	(963,000)	(570,000)	(1,666,000)	(514,000)
Other comprehensive income (loss)	(3,930,000)	(570,000)	(4,633,000)	(514,000)
Comprehensive income	$ 28,463,000	$ 38,644,000	$ 101,549,000	$ 130,287,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($)	9 Months Ended
	Sep. 29, 2015	Sep. 30, 2014
Cash flows from operations:
Net income	$ 106,182,000	$ 130,801,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	100,167,000	90,681,000
Stock-based compensation expense	11,110,000	8,032,000
Tax benefit from stock-based compensation	(2,023,000)	(2,733,000)
Deferred income taxes	(34,908,000)	(12,410,000)
Refranchising loss, cash flow	10,786,000	0
Other	1,928,000	1,434,000
Changes in operating assets and liabilities, excluding the effect of acquisitions and dispositions:
Trade and other accounts receivable, net	33,128,000	17,924,000
Inventories	682,000	1,486,000
Prepaid expenses and other	(11,762,000)	(7,121,000)
Deposits and other	(179,000)	237,000
Accounts payable	3,723,000	3,100,000
Accrued expenses	(39,089,000)	(35,349,000)
Deferred rent	2,433,000	(282,000)
Other long-term liabilities	(5,669,000)	(1,162,000)
Net cash provided by operating activities	176,509,000	194,638,000
Cash flows from investing activities:
Additions to property and equipment	(153,301,000)	(155,348,000)
Proceeds from refranchising	20,805,000	0
Proceeds from sale-leaseback transactions	10,095,000	10,315,000
Proceeds from sale of property and equipment	1,553,000	0
Net cash used in investing activities	(120,848,000)	(145,033,000)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt	299,070,000	100,000,000
Capitalized debt issuance costs	(363,000)	(193,000)
Payment of Deferred Acquisition Holdback	0	(270,000)
Repurchase of common stock	(280,301,000)	(134,247,000)
Exercise of employee stock options	0	863,000
Tax benefit from stock-based compensation	2,023,000	2,733,000
Proceeds from issuance of common stock under employee benefit plans	2,594,000	2,374,000
Net cash used in financing activities	23,023,000	(28,740,000)
Net (decrease) increase in cash and cash equivalents	78,684,000	20,865,000
Cash and cash equivalents at beginning of period	196,493,000	125,245,000
Cash and cash equivalents at end of period	$ 275,177,000	$ 146,110,000

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 29, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation and Principles of Consolidation The unaudited consolidated financial statements included in this Quarterly Report on Form 10-Q, which consist of the accounts of Panera Bread Company and its wholly owned direct and indirect subsidiaries (collectively, the “Company”), have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”), under the rules and regulations of the United States Securities and Exchange Commission (the “SEC”), and on a basis substantially consistent with the audited consolidated financial statements of the Company as of and for the fiscal year ended December 30, 2014 (“fiscal 2014”). These unaudited consolidated financial statements should be read in conjunction with such audited consolidated financial statements, which are included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 30, 2014 , as filed with the SEC on February 23, 2015 . All intercompany balances and transactions have been eliminated in consolidation. The Consolidated Balance Sheet data as of December 30, 2014 was derived from audited financial statements, but does not include all disclosures required by GAAP contained herein. The unaudited consolidated financial statements include all adjustments (consisting of normal recurring adjustments and accruals) that management considers necessary for a fair statement of the Company's financial position and comprehensive income for the interim periods presented. Interim results are not necessarily indicative of the results for any other interim period or for the entire fiscal year. Recent Accounting Pronouncements In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360)”. This update was issued to clarify the reporting for discontinued operations and disclosures for disposals of components of an entity. This update is effective for annual and interim periods beginning after December 15, 2014. The adoption of this update did not have a material effect on the Company’s consolidated financial statements or related disclosures; however, it may impact the reporting of future discontinued operations if and when they occur. In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606)”. This update provides a comprehensive new revenue recognition model that requires a company to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. The guidance also requires additional disclosure about the nature, amount, timing, and uncertainty of revenue and cash flows arising from customer contracts. In August 2015, the FASB issued ASU 2015-14 delaying the effective date for adoption. The update is now effective for interim and annual reporting periods beginning after December 15, 2017. Early adoption is permitted. The update permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect this guidance will have on the Company's consolidated financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the standard on its ongoing financial reporting. In August 2014, the FASB issued ASU 2014-15, “Presentation of Financial Statements - Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern”. This update requires management of the Company to evaluate whether there is substantial doubt about the Company’s ability to continue as a going concern. This update is effective for the annual period ending after December 15, 2016, and for annual and interim periods thereafter. Early adoption is permitted. The Company is currently evaluating the effect of the standard but its adoption is not expected to have an impact on the Company’s consolidated financial statements. In April 2015, the FASB issued ASU 2015-03, “Interest – Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs”. This update requires debt issuance costs related to a recognized debt liability to be presented in the balance sheet as a direct deduction from the carrying value of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs were not affected by this update. The Company early adopted ASU 2015-03 during the thirteen weeks ended June 30, 2015. As a result of the retrospective adoption, the Company reclassified unamortized debt issuance costs of $0.2 million as of December 30, 2014 from Deposits and other to Long-term debt in the Consolidated Balance Sheets. Adoption of this standard did not impact the Company's results of operations or cash flows in either the current or previous interim and annual reporting periods. In July 2015, the FASB issued ASU 2015-11, “Inventory (Topic 330): Simplifying the Measurement of Inventory”. This update provides guidance on the subsequent measurement of inventory, which changes the measurement from lower of cost or market to lower of cost and net realizable value. This update is effective for annual and interim periods beginning after December 15, 2016. The adoption of this guidance is not expected to have a material effect on the Company's consolidated financial statements. In September 2015, the FASB issued ASU 2015-16, “Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments”. This update eliminates the requirement for an acquirer in a business combination to account for measurement-period adjustments retrospectively. Acquirers would now recognize measurement-period adjustments during the period in which they determine the amount of the adjustment. This update is effective for annual and interim reporting periods beginning after December 15, 2015, including interim periods within those fiscal years, and should be applied prospectively to adjustments for provisional amounts that occur after the effective date with early adoption permitted for financial statements that have not been issued. The adoption of this guidance is not expected to have a material effect on the Company's consolidated financial statements.

Business Combinations and Dives

Business Combinations and Divestitures	9 Months Ended
	Sep. 29, 2015
Business Combinations [Abstract]
Business Combinations and Divestitures	Divestitures Refranchising Initiative In February 2015, the Company announced a plan to refranchise approximately 50 to 150 Company-owned bakery-cafes by December 29, 2015, the end of fiscal 2015. On March 3, 2015, the Company sold substantially all of the assets of one bakery-cafe to an existing franchisee for cash proceeds of approximately $3.2 million , which resulted in a gain on sale of approximately $2.6 million . The Company recognized impairment losses of $3.8 million during the thirteen weeks ended March 31, 2015 related to certain under-performing bakery-cafes in one of the refranchised markets for which the Company had signed letters of intent, which were excluded from the proposed sale. On July 14, 2015, the Company sold substantially all of the assets of 29 bakery-cafes in the Boston market to an existing franchisee for a purchase price of approximately $19.6 million , including $0.5 million for inventory on hand, with $2.0 million held in escrow for certain holdbacks, and recognized a loss on sale of $0.6 million . The holdback amount is primarily to satisfy any indemnification obligations of the Company and will be held in escrow until July 14, 2017 , the two-year anniversary of the transaction closing date, with the remaining balance of the holdback amount reverting to the Company. As of September 29, 2015 , the Company classified as held for sale the assets and certain liabilities of 53 Company-owned bakery-cafes the Company expects to sell during the next 12 months. During the thirteen and thirty-nine weeks ended September 29, 2015 , the Company recorded losses on assets held for sale of $1.0 million and $8.9 million , respectively. The Company classifies assets as held for sale and ceases depreciation of the assets when those assets meet the held for sale criteria, as defined in GAAP. The following summarizes the financial statement carrying amounts of assets and liabilities associated with the bakery-cafes classified as held for sale (in thousands): September 29, 2015 Inventories $ 1,005 Property and equipment, net 35,381 Goodwill 1,871 Assets held for sale $ 38,257 Deferred rent $ 4,065 Asset retirement obligation 1,070 Liabilities associated with assets held for sale $ 5,135 Assets held for sale were valued using Level 3 inputs, primarily representing information obtained from signed letters of intent. Costs to sell are considered in the estimates of fair value for those assets included in Assets held for sale in the Company's Consolidated Balance Sheets. The following summarizes activity associated with the refranchising initiative recorded in the caption entitled Refranchising loss in the Consolidated Statements of Income for the periods indicated (in thousands): For the 13 Weeks Ended For the 39 Weeks Ended September 29, September 29, Loss on assets held for sale (1) $ 1,000 $ 8,941 Impairment of long-lived assets (1) — 3,837 Professional fees and severance 596 946 Loss (gain) on sale of bakery-cafes (1) 578 (1,992 ) Refranchising loss $ 2,174 $ 11,732 (1) Amounts for the thirty-nine weeks ended September 29, 2015 are included in the caption entitled Refranchising loss in the Consolidated Statements of Cash Flows as a non-cash adjustment to reconcile net income to net cash provided by operating activities. On October 7, 2015, the Company sold substantially all of the assets of 45 bakery-cafes in the Seattle and Northern California markets to a new franchisee for a purchase price of approximately $26.7 million , including $0.9 million for inventory on hand. Assets and liabilities associated with these bakery-cafes were classified as held for sale as of September 29, 2015.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 29, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The following summarizes assets and liabilities measured at fair value on a recurring basis (in thousands): Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) September 29, 2015: Cash equivalents $ 2 $ 2 $ — $ — Total assets $ 2 $ 2 $ — $ — Interest rate swap liability $ 4,908 $ — $ 4,908 $ — Total liabilities $ 4,908 $ — $ 4,908 $ — December 30, 2014: Cash equivalents $ 92,316 $ 92,316 $ — $ — Total assets $ 92,316 $ 92,316 $ — $ — The fair value of the Company's cash equivalents is based on quoted market prices for identical securities. The fair value of the Company's interest rate swaps are determined based on a discounted cash flow analysis on the expected future cash flows of each derivative. This analysis reflects the contractual terms of the derivatives and uses observable market-based inputs, including interest rate curves and credit spreads.

Inventories

Inventories	9 Months Ended
	Sep. 29, 2015
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consisted of the following (in thousands): September 29, 2015 December 30, 2014 Food: Fresh dough facilities: Raw materials $ 3,723 $ 3,413 Finished goods 305 460 Bakery-cafes: Raw materials 13,527 15,152 Paper goods 3,076 3,786 Total $ 20,631 $ 22,811

Accrued Expenses

Accrued Expenses	9 Months Ended
	Sep. 29, 2015
Payables and Accruals [Abstract]
Accrued expenses	Accrued Expenses Accrued expenses consisted of the following (in thousands): September 29, 2015 December 30, 2014 Unredeemed gift cards, net $ 77,207 $ 105,576 Capital expenditures 70,572 56,808 Compensation and related employment taxes 42,094 59,442 Insurance 37,339 32,559 Taxes, other than income taxes 22,159 21,068 Fresh dough and other product operations 8,550 6,812 Occupancy costs 8,088 7,263 Deferred revenue 6,965 5,291 Utilities 5,877 5,527 Advertising 4,509 10,147 Loyalty program 2,699 2,525 Other 19,594 20,183 Total $ 305,653 $ 333,201

Term Loan

Term Loan	9 Months Ended
	Sep. 29, 2015
Debt Instruments [Abstract]
Debt Disclosure [Text Block]	Debt Long-term debt consisted of the following (in thousands): September 29, 2015 December 30, 2014 2014 Term Loan $ 100,000 $ 100,000 2015 Term Loan 300,000 — 2015 Note Payable 12,680 — Aggregate unamortized lender fees and issuance costs (1,418 ) (216 ) Total carrying amount 411,262 99,784 Current portion of long-term debt 19,765 — Long-term debt $ 391,497 $ 99,784 Term Loans On June 11, 2014 , the Company entered into a term loan agreement (the “2014 Term Loan Agreement”), by and among the Company, as borrower, Bank of America, N.A., as administrative agent, and other lenders party thereto. The 2014 Term Loan Agreement provides for an unsecured term loan in the amount of $100 million (the "2014 Term Loan"). The 2014 Term Loan is scheduled to mature on June 11, 2019 , subject to acceleration upon certain specified events of default, including breaches of representations or covenants, failure to pay other material indebtedness or a change of control of the Company, as defined in the 2014 Term Loan Agreement. The Company incurred lender fees and issuance costs totaling $0.2 million in connection with the issuance of the 2014 Term Loan. The lender fees and issuance costs are being amortized to expense over the term of the 2014 Term Loan. On July 16, 2015 , the Company entered into a term loan agreement (the “2015 Term Loan Agreement”), with Bank of America, N.A., as administrative agent, and other lenders party thereto. The 2015 Term Loan Agreement provides for an unsecured term loan in the amount of $300 million (the "2015 Term Loan"). The 2015 Term Loan is scheduled to mature on July 16, 2020 , subject to acceleration upon certain specified events of default, including breaches of representations or covenants, failure to pay other material indebtedness or a change of control of the Company, as defined in the 2015 Term Loan Agreement, and is amortized in equal quarterly installments in an amount equal to 1.25 percent of the original principal amount of the 2015 Term Loan. The Company incurred lender fees and issuance costs totaling $1.3 million in connection with the issuance of the 2015 Term Loan. The lender fees and issuance costs are being amortized to expense over the term of the 2015 Term Loan. As of September 29, 2015, $14.7 million of the 2015 Term Loan's carrying amount is presented as the Current portion of long-term debt in the Consolidated Balance Sheets. Each of the 2014 Term Loan and 2015 Term Loan bears interest at a rate equal to, at the Company's option, (1) the Eurodollar rate plus a margin ranging from 1.00 percent to 1.50 percent depending on the Company’s consolidated leverage ratio or (2) the highest of (a) the Bank of America prime rate, (b) the Federal funds rate plus 0.50 percent or (c) the Eurodollar rate plus 1.00 percent , plus a margin ranging from 0.00 percent to 0.50 percent depending on the Company’s consolidated leverage ratio. The Company’s obligations under the 2014 Term Loan Agreement and 2015 Term Loan Agreement are guaranteed by certain of its direct and indirect subsidiaries. The weighted-average interest rate for the 2014 Term Loan, excluding the amortization of issuance costs, was 1.19 percent and 1.18 percent for the thirteen and thirty-nine weeks ended September 29, 2015 . The weighted-average interest rate for the 2015 Term Loan, excluding the amortization of lender fees and issuance costs, was 1.32 percent for both the thirteen and thirty-nine weeks ended September 29, 2015 , respectively. As of September 29, 2015 , the carrying amounts of the 2014 Term Loan and 2015 Term Loan approximate fair value as the interest rates approximate current market rates (Level 2 inputs). On July 16, 2015, in order to hedge the variability in cash flows from changes in benchmark interest rates, the Company entered into two forward-starting interest rate swap agreements with an aggregate initial notional value of $242.5 million . The forward-starting interest rate swaps have been designated as cash flow hedging instruments. See Note 7 for information on the Company's interest rate swaps. Installment Payment Agreement On September 15, 2015, the Company entered into a Master Installment Payment Agreement (the “Master IPA”) with PNC Equipment Finance, LLC (“PNC”) pursuant to which PNC financed the Company's purchase of hardware, software, and services associated with new storage virtualization and disaster recovery systems. The Master IPA provides for a secured note payable in the amount of $12.7 million (the “2015 Note Payable”), payable in five annual installments beginning November 1, 2015 and each September 1st thereafter. As of September 29, 2015, $5.1 million of the 2015 Note Payable is presented as the Current portion of long-term debt in the Consolidated Balance Sheets. Revolving Credit Agreements On November 30, 2012, the Company entered into a credit agreement (the "2012 Credit Agreement") with Bank of America, N.A. and other lenders party thereto. The 2012 Credit Agreement provides for an unsecured revolving credit facility of $250 million that will become due on November 30, 2017 . As of December 30, 2014 , the Company had no loans outstanding under the 2012 Credit Agreement. On July 16, 2015, the Company terminated the 2012 Credit Agreement and entered into a new credit agreement (the “2015 Credit Agreement”), with Bank of America, N.A., as administrative agent, swing line lender and L/C issuer, and each lender from time to time party thereto. The 2015 Credit Agreement provides for an unsecured revolving credit facility of $250 million that will become due on July 16, 2020 , subject to acceleration upon certain specified events of default, including breaches of representations or covenants, failure to pay other material indebtedness or a change of control of the Company, as defined in the 2015 Credit Agreement. The 2015 Credit Agreement provides that the Company may select interest rates under the credit facility equal to, at the Company's option, (1) the Eurodollar rate plus a margin ranging from 1.00 percent to 1.50 percent depending on the Company’s consolidated leverage ratio or (2) the highest of (a) the Bank of America prime rate, (b) the Federal funds rate plus 0.50 percent or (c) the Eurodollar rate plus 1.00 percent , plus a margin ranging from 0.00 percent to 0.50 percent depending on the Company’s consolidated leverage ratio. As of September 29, 2015, we had no loans outstanding under the 2015 Credit Agreement. The 2014 Term Loan Agreement, 2015 Term Loan Agreement and 2015 Credit Agreement contain customary affirmative and negative covenants, including covenants limiting liens, dispositions, fundamental changes, investments, indebtedness, and certain transactions and payments. In addition, such term loan and credit agreements contain various financial covenants that, among other things, require the Company to satisfy two financial covenants at the end of each fiscal quarter: (1) a consolidated leverage ratio less than or equal to 3.00 to 1.00 , and (2) a consolidated fixed charge coverage ratio of greater than or equal to 2.00 to 1.00 . As of September 29, 2015, the Company was in compliance with all covenant requirements.

Derivative Financial Instrument

Derivative Financial Instruments (Notes)	9 Months Ended
	Sep. 29, 2015
Derivative [Line Items]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	Derivative Financial Instruments The Company enters into derivative instruments solely for risk management purposes. To the extent the Company's cash-flow hedging instruments are effective in offsetting the variability in the hedged cash flows, and otherwise meet the cash flow hedge accounting criteria required by FASB Accounting Standards Codification 815, "Derivatives and Hedging" , changes in the derivatives' fair value are not included in current earnings but are included in accumulated other comprehensive income (loss), net of tax. These changes in fair value will be reclassified into earnings at the time of the forecasted transaction. By using these instruments, the Company exposes itself, from time to time, to credit risk and market risk. Credit risk is the failure of the counterparty to perform under the terms of the derivative contract. The Company minimizes this credit risk by entering into transactions with high-quality counterparties. Market risk is the adverse effect on the value of a financial instrument that results from changes in interest rates. The Company minimizes this market risk by establishing and monitoring parameters that limit the types and degree of market risk that may be undertaken. On July 16, 2015, the Company entered into two forward-starting interest rate swap agreements with an aggregate initial notional value of $242.5 million to hedge a portion of the cash flows of its term loan borrowings. For each of the swaps, the Company has agreed to exchange with a counterparty the difference between fixed and variable interest amounts calculated by reference to an agreed-upon principal amount. The following table summarizes the Company's interest rate swaps as of September 29, 2015: Trade Date Effective Date Term (in Years) Notional Amount (in thousands) Fixed Rate July 16, 2015 July 11, 2016 4 $ 100,000 1.75 % July 16, 2015 July 18, 2016 5 142,500 1.97 % The notional amount for the interest rate swap with an effective date of July 18, 2016 decreases quarterly by $1.9 million over the five-year term of the interest rate swap beginning in September 2016. The interest rate swaps, which have been designated and qualify as cash flow hedges, are recorded on the Company's Consolidated Balance Sheets at fair value. The change in fair value of the interest rate swaps resulted in a loss of approximately $4.9 million as of September 29, 2015, which is recorded in Accumulated other comprehensive income (loss) and Other long-term liabilities in the Company's Consolidated Balance Sheets. A net of tax loss of approximately $0.4 million is expected to be reclassified from accumulated other comprehensive income (loss) to earnings within the next twelve months. For the thirteen weeks ended September 29, 2015, the Company did not recognize any gain or loss due to hedge ineffectiveness. The Company does not hold or use derivative instruments for trading purposes. The Company also does not have any derivatives not designated as hedging instruments and has not designated any non-derivatives as hedging instruments.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 29, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Lease Obligations As of September 29, 2015 , the Company has guaranteed the operating leases of 26 franchisee locations, which the Company accounted for in accordance with the accounting requirements for guarantees. These guarantees are primarily a result of the Company's sales of Company-owned bakery-cafes to franchisees, pursuant to which the Company exercised its right to assign the lease for the bakery-cafe but remain liable to the landlord for the remaining lease term in the event of a default by the assignee. These leases have terms expiring on various dates from July 15, 2020 to December 31, 2044 , with a maximum potential amount of future rental payments of approximately $76.6 million as of September 29, 2015 . The obligations from these leases will decrease over time as these operating leases expire. The Company has not recorded a liability for these guarantees because the fair value of these lease guarantees was determined by the Company to be insignificant individually, and in the aggregate, based on an analysis of the facts and circumstances of each such lease and each such assignee's performance, and the Company did not believe it was probable that it would be required to perform under any guarantees at the time the guarantees were issued. The Company has not had to make any payments related to any of these guaranteed leases. Applicable assignees continue to have primary liability for these operating leases. Legal Proceedings On July 2, 2014, a purported class action lawsuit was filed against one of the Company's subsidiaries by Jason Lofstedt, a former employee of one of the Company's subsidiaries. The lawsuit was filed in the California Superior Court, County of Riverside. The complaint alleges, among other things, violations of the California Labor Code, failure to pay overtime, failure to provide meal and rest periods, and violations of California's Unfair Competition Law. The complaint seeks, among other relief, collective and class certification of the lawsuit, unspecified damages, costs and expenses, including attorneys’ fees, and such other relief as the Court might find just and proper. The Company believes its subsidiary has meritorious defenses to each of the claims in the lawsuit and is prepared to vigorously defend the lawsuit. There can be no assurance, however, that the Company's subsidiary will be successful, and an adverse resolution of the lawsuit could have a material adverse effect on the Company's consolidated financial position and results of operations in the period in which the lawsuit is resolved. The Company is not presently able to reasonably estimate potential losses, if any, related to the lawsuit. In addition to the legal matter described above, the Company is subject to various legal proceedings, claims, and litigation that arise in the ordinary course of its business. Defending lawsuits requires significant management attention and financial resources and the outcome of any litigation, including the matter described above, is inherently uncertain. The Company does not believe the ultimate resolution of these actions will have a material adverse effect on the Company's consolidated financial position and results of operations. However, a significant increase in the number of these claims, or one or more successful claims under which the Company incurs greater liabilities than is currently anticipated, could materially and adversely affect its consolidated financial statements. Other The Company is subject to ongoing federal and state income tax audits and sales and use tax audits. The Company does not believe the ultimate resolution of these actions will have a material adverse effect on its consolidated financial statements. However, a significant increase in the number of these audits, or one or more audits under which the Company incurs greater liabilities than is currently anticipated, could materially and adversely affect the Company's consolidated financial position and results of operations. The Company believes reserves for these matters are adequately provided for in its consolidated financial statements.

Business Segment Information

Business Segment Information	9 Months Ended
	Sep. 29, 2015
Segment Reporting [Abstract]
Business Segment Information	Business Segment Information The Company operates three business segments. The Company Bakery-Cafe Operations segment is comprised of the operating activities of the bakery-cafes owned by the Company. The Company-owned bakery-cafes conduct business under the Panera Bread®, Saint Louis Bread Co.® or Paradise Bakery & Café® names. These bakery-cafes offer some or all of the following: fresh baked goods, made-to-order sandwiches on freshly baked breads, soups, salads, pasta dishes, custom roasted coffees, and other complementary products through on-premise sales, as well as catering. The Franchise Operations segment is comprised of the operating activities of the franchise business unit, which licenses qualified operators to conduct business under the Panera Bread or Paradise Bakery & Cafe names and also monitors the operations of these bakery-cafes. Under the terms of most of the agreements, the licensed operators pay royalties and fees to the Company in return for the use of the Panera Bread or Paradise Bakery & Cafe names. The Fresh Dough and Other Product Operations segment supplies fresh dough, produce, tuna, and cream cheese, and indirectly supplies proprietary sweet goods items through a contract manufacturing arrangement, to Company-owned and franchise-operated bakery-cafes. The fresh dough is sold to a number of both Company-owned and franchise-operated bakery-cafes at a delivered cost generally not to exceed 27 percent of the retail value of the end product. The sales and related costs to the franchise-operated bakery-cafes are separately stated line items in the Consolidated Statements of Income. The sales, costs, and operating profit related to the sales to Company-owned bakery-cafes are eliminated in consolidation in the Consolidated Statements of Income. Segment information related to the Company’s three business segments is as follows (in thousands): For the 13 Weeks Ended For the 39 Weeks Ended September 29, September 30, September 29, September 30, Revenues: Company bakery-cafe operations $ 584,664 $ 545,393 $ 1,756,464 $ 1,636,587 Franchise operations 33,740 30,585 98,952 89,950 Fresh dough and other product operations 96,198 92,789 284,089 275,353 Intercompany sales eliminations (49,948 ) (48,877 ) (149,690 ) (145,192 ) Total revenues $ 664,654 $ 619,890 $ 1,989,815 $ 1,856,698 Segment profit: Company bakery-cafe operations (1) $ 87,513 $ 90,292 $ 266,456 $ 290,713 Franchise operations 32,461 29,214 95,219 85,403 Fresh dough and other product operations 4,607 4,812 16,238 16,319 Total segment profit $ 124,581 $ 124,318 $ 377,913 $ 392,435 Depreciation and amortization $ 33,885 $ 31,187 $ 100,167 $ 90,681 Unallocated general and administrative expenses 36,296 33,089 99,782 97,565 Pre-opening expenses 2,298 2,083 6,253 5,283 Interest expense 1,363 462 2,266 1,386 Other (income) expense, net (55 ) (719 ) 948 (5,934 ) Income before income taxes $ 50,794 $ 58,216 $ 168,497 $ 203,454 Depreciation and amortization: Company bakery-cafe operations $ 26,004 $ 25,593 $ 78,698 $ 75,791 Fresh dough and other product operations 2,321 2,141 6,855 6,295 Corporate administration 5,560 3,453 14,614 8,595 Total depreciation and amortization $ 33,885 $ 31,187 $ 100,167 $ 90,681 Capital expenditures: Company bakery-cafe operations $ 39,756 $ 47,896 $ 117,866 $ 112,127 Fresh dough and other product operations 3,217 2,534 7,710 9,101 Corporate administration 5,472 14,175 27,725 34,120 Total capital expenditures $ 48,445 $ 64,605 $ 153,301 $ 155,348 (1) Includes refranchising losses of $2.2 million and $11.7 million for the thirteen and thirty-nine weeks ended September 29, 2015, respectively. September 29, December 30, Segment assets: Company bakery-cafe operations $ 950,708 $ 953,896 Franchise operations 11,565 13,145 Fresh dough and other product operations 74,556 65,219 Total segment assets $ 1,036,829 $ 1,032,260 Unallocated cash and cash equivalents $ 275,177 $ 196,493 Unallocated trade and other accounts receivable 5,552 3,104 Unallocated property and equipment 103,628 84,224 Unallocated deposits and other 8,339 3,575 Other unallocated assets 53,689 71,030 Total assets $ 1,483,214 $ 1,390,686 “Unallocated cash and cash equivalents” relates primarily to corporate cash and cash equivalents, “unallocated trade and other accounts receivable” relates primarily to rebates and interest receivable, “unallocated property and equipment” relates primarily to corporate fixed assets, “unallocated deposits and other” relates primarily to insurance deposits, and “other unallocated assets” relates primarily to current and deferred income taxes.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 29, 2015
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share (in thousands, except for per share data): For the 13 Weeks Ended For the 39 Weeks Ended September 29, September 30, September 29, September 30, Amounts used for basic and diluted per share calculations: Net income $ 32,393 $ 39,214 $ 106,182 $ 130,801 Weighted average number of shares outstanding — basic 25,394 26,715 26,011 26,979 Effect of dilutive stock-based employee compensation awards 107 98 108 129 Weighted average number of shares outstanding — diluted 25,501 26,813 26,119 27,108 Earnings per common share: Basic $ 1.28 $ 1.47 $ 4.08 $ 4.85 Diluted $ 1.27 $ 1.46 $ 4.07 $ 4.83 For each of the thirteen and thirty-nine weeks ended September 29, 2015 and September 30, 2014 , weighted-average outstanding stock options, restricted stock, and stock-settled appreciation rights of approximately 0.1 million shares were excluded in calculating diluted earnings per share as the exercise price exceeded fair market value and the inclusion of such shares would have been antidilutive.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information (Notes)	9 Months Ended
	Sep. 29, 2015
Supplemental Cash Flow Information [Abstract]
Cash Flow, Supplemental Disclosures [Text Block]	Supplemental Cash Flow Information The following table sets forth supplemental cash flow information (in thousands): For the 39 Weeks Ended September 29, September 30, Cash paid during the period for: Interest $ 1,783 $ 421 Income taxes 72,519 91,469 Non-cash investing and financing activities: Change in accrued property and equipment purchases $ 13,764 $ 14,183 Financed property and equipment purchases 12,680 — Asset retirement obligations 348 374

Summary of Significant Accoun18

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 29, 2015
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360)”. This update was issued to clarify the reporting for discontinued operations and disclosures for disposals of components of an entity. This update is effective for annual and interim periods beginning after December 15, 2014. The adoption of this update did not have a material effect on the Company’s consolidated financial statements or related disclosures; however, it may impact the reporting of future discontinued operations if and when they occur. In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606)”. This update provides a comprehensive new revenue recognition model that requires a company to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. The guidance also requires additional disclosure about the nature, amount, timing, and uncertainty of revenue and cash flows arising from customer contracts. In August 2015, the FASB issued ASU 2015-14 delaying the effective date for adoption. The update is now effective for interim and annual reporting periods beginning after December 15, 2017. Early adoption is permitted. The update permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect this guidance will have on the Company's consolidated financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the standard on its ongoing financial reporting. In August 2014, the FASB issued ASU 2014-15, “Presentation of Financial Statements - Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern”. This update requires management of the Company to evaluate whether there is substantial doubt about the Company’s ability to continue as a going concern. This update is effective for the annual period ending after December 15, 2016, and for annual and interim periods thereafter. Early adoption is permitted. The Company is currently evaluating the effect of the standard but its adoption is not expected to have an impact on the Company’s consolidated financial statements. In April 2015, the FASB issued ASU 2015-03, “Interest – Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs”. This update requires debt issuance costs related to a recognized debt liability to be presented in the balance sheet as a direct deduction from the carrying value of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs were not affected by this update. The Company early adopted ASU 2015-03 during the thirteen weeks ended June 30, 2015. As a result of the retrospective adoption, the Company reclassified unamortized debt issuance costs of $0.2 million as of December 30, 2014 from Deposits and other to Long-term debt in the Consolidated Balance Sheets. Adoption of this standard did not impact the Company's results of operations or cash flows in either the current or previous interim and annual reporting periods. In July 2015, the FASB issued ASU 2015-11, “Inventory (Topic 330): Simplifying the Measurement of Inventory”. This update provides guidance on the subsequent measurement of inventory, which changes the measurement from lower of cost or market to lower of cost and net realizable value. This update is effective for annual and interim periods beginning after December 15, 2016. The adoption of this guidance is not expected to have a material effect on the Company's consolidated financial statements. In September 2015, the FASB issued ASU 2015-16, “Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments”. This update eliminates the requirement for an acquirer in a business combination to account for measurement-period adjustments retrospectively. Acquirers would now recognize measurement-period adjustments during the period in which they determine the amount of the adjustment. This update is effective for annual and interim reporting periods beginning after December 15, 2015, including interim periods within those fiscal years, and should be applied prospectively to adjustments for provisional amounts that occur after the effective date with early adoption permitted for financial statements that have not been issued. The adoption of this guidance is not expected to have a material effect on the Company's consolidated financial statements.

Divestitures Business Combinati

Divestitures Business Combinations and Divestitures (Tables)	9 Months Ended
	Sep. 29, 2015
Assets and Liabilities Associated with Assets Held for Sale [Abstract]
Assets and Liabilities associated with Assets Held for Sale [Table Text Block]	September 29, 2015 Inventories $ 1,005 Property and equipment, net 35,381 Goodwill 1,871 Assets held for sale $ 38,257 Deferred rent $ 4,065 Asset retirement obligation 1,070 Liabilities associated with assets held for sale $ 5,135

Fair Value Measurements Fair Va

Fair Value Measurements Fair Value Measurements (Tables)	9 Months Ended
	Sep. 29, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value, by Balance Sheet Grouping [Table Text Block]	Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) September 29, 2015: Cash equivalents $ 2 $ 2 $ — $ — Total assets $ 2 $ 2 $ — $ — Interest rate swap liability $ 4,908 $ — $ 4,908 $ — Total liabilities $ 4,908 $ — $ 4,908 $ — December 30, 2014: Cash equivalents $ 92,316 $ 92,316 $ — $ — Total assets $ 92,316 $ 92,316 $ — $ —

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 29, 2015
Inventory Disclosure [Abstract]
Inventories	September 29, 2015 December 30, 2014 Food: Fresh dough facilities: Raw materials $ 3,723 $ 3,413 Finished goods 305 460 Bakery-cafes: Raw materials 13,527 15,152 Paper goods 3,076 3,786 Total $ 20,631 $ 22,811

Accrued Expenses (Tables)

Accrued Expenses (Tables)	9 Months Ended
	Sep. 29, 2015
Payables and Accruals [Abstract]
Accrued Expenses	September 29, 2015 December 30, 2014 Unredeemed gift cards, net $ 77,207 $ 105,576 Capital expenditures 70,572 56,808 Compensation and related employment taxes 42,094 59,442 Insurance 37,339 32,559 Taxes, other than income taxes 22,159 21,068 Fresh dough and other product operations 8,550 6,812 Occupancy costs 8,088 7,263 Deferred revenue 6,965 5,291 Utilities 5,877 5,527 Advertising 4,509 10,147 Loyalty program 2,699 2,525 Other 19,594 20,183 Total $ 305,653 $ 333,201

Debt Long-term debt (Tables)

Debt Long-term debt (Tables)	9 Months Ended
	Sep. 29, 2015
Debt Instrument [Line Items]
Schedule of Long-term Debt Instruments [Table Text Block]	September 29, 2015 December 30, 2014 2014 Term Loan $ 100,000 $ 100,000 2015 Term Loan 300,000 — 2015 Note Payable 12,680 — Aggregate unamortized lender fees and issuance costs (1,418 ) (216 ) Total carrying amount 411,262 99,784 Current portion of long-term debt 19,765 — Long-term debt $ 391,497 $ 99,784

Derivative Financial Instrume24

Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 29, 2015
Derivative Instruments Disclosure [Abstract]
Schedule of Derivative Instruments [Table Text Block]	Trade Date Effective Date Term (in Years) Notional Amount (in thousands) Fixed Rate July 16, 2015 July 11, 2016 4 $ 100,000 1.75 % July 16, 2015 July 18, 2016 5 142,500 1.97 %

Stockholders' Equity Stockholde

Stockholders' Equity Stockholders' Equity (Tables)	9 Months Ended
	Sep. 29, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity Note Disclosure [Text Block]	Share Repurchase Authorization On June 5, 2014, the Company's Board of Directors approved a three year share repurchase authorization of up to $600 million of the Company's Class A common stock (the "2014 repurchase authorization"), pursuant to which the Company may repurchase shares from time to time on the open market or in privately negotiated transactions and which may be made under a Rule 10b5-1 plan. Repurchased shares may be retired immediately and resume the status of authorized but unissued shares or may be held by the Company as treasury stock. The 2014 repurchase authorization may be modified, suspended or discontinued by the Company's Board of Directors at any time. On April 15, 2015, the Company's Board of Directors approved an increase of the 2014 repurchase authorization to $750 million . During the thirty-nine weeks ended September 29, 2015 , the Company repurchased 1,518,668 shares under the 2014 repurchase authorization, at an average price of $181.05 per share, for an aggregate purchase price of approximately $275.0 million . As of September 29, 2015 , the Company has repurchased a total of 1,946,189 shares of its Class A common stock under this repurchase program, at a weighted-average price of $175.50 per share, for an aggregate purchase price of approximately $341.6 million . There was approximately $408.4 million available under the 2014 repurchase authorization as of September 29, 2015 . Accumulated Other Comprehensive Income (Loss) The following table summarizes changes in accumulated other comprehensive income (loss), net of tax, for the thirteen weeks ended September 29, 2015 and September 30, 2014 (in thousands): Foreign Currency Translation Adjustment Cash Flow Hedging Instruments Total September 29, 2015: Net gains (losses), beginning of period $ (2,063 ) $ — $ (2,063 ) Net gains (losses) recognized before reclassification (963 ) (2,967 ) (3,930 ) Net gains (losses) reclassified to earnings — — — Other comprehensive income (loss), net of tax (963 ) (2,967 ) (3,930 ) Net gains (losses), end of period $ (3,026 ) $ (2,967 ) $ (5,993 ) September 30, 2014: Net gains (losses), beginning of period $ (277 ) $ — $ (277 ) Net gains (losses) recognized before reclassification (570 ) — (570 ) Net gains (losses) reclassified to earnings — — — Other comprehensive income (loss), net of tax (570 ) — (570 ) Net gains (losses), end of period $ (847 ) $ — $ (847 ) The following table summarizes changes in accumulated other comprehensive income (loss), net of tax, for the thirty-nine weeks ended September 29, 2015 and September 30, 2014 (in thousands): Foreign Currency Translation Adjustment Cash Flow Hedging Instruments Total September 29, 2015: Net gains (losses), beginning of period $ (1,360 ) $ — $ (1,360 ) Net gains (losses) recognized before reclassification (1,666 ) (2,967 ) (4,633 ) Net gains (losses) reclassified to earnings — — — Other comprehensive income (loss), net of tax (1,666 ) (2,967 ) (4,633 ) Net gains (losses), end of period $ (3,026 ) $ (2,967 ) $ (5,993 ) September 30, 2014: Net gains (losses), beginning of period $ (333 ) $ — $ (333 ) Net gains (losses) recognized before reclassification (514 ) — (514 ) Net gains (losses) reclassified to earnings — — — Other comprehensive income (loss), net of tax (514 ) — (514 ) Net gains (losses), end of period $ (847 ) $ — $ (847 )
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Foreign Currency Translation Adjustment Cash Flow Hedging Instruments Total September 29, 2015: Net gains (losses), beginning of period $ (1,360 ) $ — $ (1,360 ) Net gains (losses) recognized before reclassification (1,666 ) (2,967 ) (4,633 ) Net gains (losses) reclassified to earnings — — — Other comprehensive income (loss), net of tax (1,666 ) (2,967 ) (4,633 ) Net gains (losses), end of period $ (3,026 ) $ (2,967 ) $ (5,993 ) September 30, 2014: Net gains (losses), beginning of period $ (333 ) $ — $ (333 ) Net gains (losses) recognized before reclassification (514 ) — (514 ) Net gains (losses) reclassified to earnings — — — Other comprehensive income (loss), net of tax (514 ) — (514 ) Net gains (losses), end of period $ (847 ) $ — $ (847 ) Foreign Currency Translation Adjustment Cash Flow Hedging Instruments Total September 29, 2015: Net gains (losses), beginning of period $ (2,063 ) $ — $ (2,063 ) Net gains (losses) recognized before reclassification (963 ) (2,967 ) (3,930 ) Net gains (losses) reclassified to earnings — — — Other comprehensive income (loss), net of tax (963 ) (2,967 ) (3,930 ) Net gains (losses), end of period $ (3,026 ) $ (2,967 ) $ (5,993 ) September 30, 2014: Net gains (losses), beginning of period $ (277 ) $ — $ (277 ) Net gains (losses) recognized before reclassification (570 ) — (570 ) Net gains (losses) reclassified to earnings — — — Other comprehensive income (loss), net of tax (570 ) — (570 ) Net gains (losses), end of period $ (847 ) $ — $ (847 )

Business Segment Information (T

Business Segment Information (Tables)	9 Months Ended
	Sep. 29, 2015
Segment Reporting [Abstract]
Business Segment Information	nformation related to the Company’s three business segments is as follows (in thousands): For the 13 Weeks Ended For the 39 Weeks Ended September 29, September 30, September 29, September 30, Revenues: Company bakery-cafe operations $ 584,664 $ 545,393 $ 1,756,464 $ 1,636,587 Franchise operations 33,740 30,585 98,952 89,950 Fresh dough and other product operations 96,198 92,789 284,089 275,353 Intercompany sales eliminations (49,948 ) (48,877 ) (149,690 ) (145,192 ) Total revenues $ 664,654 $ 619,890 $ 1,989,815 $ 1,856,698 Segment profit: Company bakery-cafe operations (1) $ 87,513 $ 90,292 $ 266,456 $ 290,713 Franchise operations 32,461 29,214 95,219 85,403 Fresh dough and other product operations 4,607 4,812 16,238 16,319 Total segment profit $ 124,581 $ 124,318 $ 377,913 $ 392,435 Depreciation and amortization $ 33,885 $ 31,187 $ 100,167 $ 90,681 Unallocated general and administrative expenses 36,296 33,089 99,782 97,565 Pre-opening expenses 2,298 2,083 6,253 5,283 Interest expense 1,363 462 2,266 1,386 Other (income) expense, net (55 ) (719 ) 948 (5,934 ) Income before income taxes $ 50,794 $ 58,216 $ 168,497 $ 203,454 Depreciation and amortization: Company bakery-cafe operations $ 26,004 $ 25,593 $ 78,698 $ 75,791 Fresh dough and other product operations 2,321 2,141 6,855 6,295 Corporate administration 5,560 3,453 14,614 8,595 Total depreciation and amortization $ 33,885 $ 31,187 $ 100,167 $ 90,681 Capital expenditures: Company bakery-cafe operations $ 39,756 $ 47,896 $ 117,866 $ 112,127 Fresh dough and other product operations 3,217 2,534 7,710 9,101 Corporate administration 5,472 14,175 27,725 34,120 Total capital expenditures $ 48,445 $ 64,605 $ 153,301 $ 155,348 (1) Includes refranchising losses of $2.2 million and $11.7 million for the thirteen and thirty-nine weeks ended September 29, 2015, respectively. September 29, December 30, Segment assets: Company bakery-cafe operations $ 950,708 $ 953,896 Franchise operations 11,565 13,145 Fresh dough and other product operations 74,556 65,219 Total segment assets $ 1,036,829 $ 1,032,260 Unallocated cash and cash equivalents $ 275,177 $ 196,493 Unallocated trade and other accounts receivable 5,552 3,104 Unallocated property and equipment 103,628 84,224 Unallocated deposits and other 8,339 3,575 Other unallocated assets 53,689 71,030 Total assets $ 1,483,214 $ 1,390,686

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 29, 2015
Earnings Per Share [Abstract]
Computation of basic and diluted earnings per share	The following table sets forth the computation of basic and diluted earnings per share (in thousands, except for per share data): For the 13 Weeks Ended For the 39 Weeks Ended September 29, September 30, September 29, September 30, Amounts used for basic and diluted per share calculations: Net income $ 32,393 $ 39,214 $ 106,182 $ 130,801 Weighted average number of shares outstanding — basic 25,394 26,715 26,011 26,979 Effect of dilutive stock-based employee compensation awards 107 98 108 129 Weighted average number of shares outstanding — diluted 25,501 26,813 26,119 27,108 Earnings per common share: Basic $ 1.28 $ 1.47 $ 4.08 $ 4.85 Diluted $ 1.27 $ 1.46 $ 4.07 $ 4.83

Supplemental Cash Flow Inform28

Supplemental Cash Flow Information (Tables)	9 Months Ended
	Sep. 29, 2015
Supplemental Cash Flow Information [Abstract]
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	For the 39 Weeks Ended September 29, September 30, Cash paid during the period for: Interest $ 1,783 $ 421 Income taxes 72,519 91,469 Non-cash investing and financing activities: Change in accrued property and equipment purchases $ 13,764 $ 14,183 Financed property and equipment purchases 12,680 — Asset retirement obligations 348 374

Summary of Significant Accoun29

Summary of Significant Accounting Policies Recent Accounting Pronouncements (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2014	Sep. 29, 2015
New Accounting Pronouncement, Early Adoption [Line Items]
Prior Period Reclassification Adjustment	$ 200
Unamortized Debt Issuance Expense	$ (216)	$ 1,418

Business Combinations and Div30

Business Combinations and Divestitures (Details Textuals)	2 Months Ended	3 Months Ended			6 Months Ended	9 Months Ended
	Mar. 02, 2015USD ($)bakery-cafes	Sep. 29, 2015USD ($)bakery-cafes	Mar. 31, 2015USD ($)	Sep. 30, 2014USD ($)	Jul. 13, 2015USD ($)bakery-cafes	Oct. 06, 2015USD ($)bakery-cafes	Sep. 29, 2015USD ($)bakery-cafes	Sep. 30, 2014USD ($)	Dec. 30, 2014USD ($)
Business Acquisitions And Divestitures [Line Items]
Disposal Group, Including Discontinued Operation, Inventory, Current		$ 1,005,000					$ 1,005,000
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment, Current		35,381,000					35,381,000
Disposal Group, Including Discontinued Operation, Goodwill		1,871,000					1,871,000
Assets held for sale		38,257,000					38,257,000		$ 0
Disposal Group, Including Discontinued Operation, Deferred Rent		4,065,000					4,065,000
Disposal Group, Including Discontinued Operation, Asset Retirement Obligation		1,070,000					1,070,000
Liabilities associated with assets held for sale		5,135,000					5,135,000		$ 0
Disposal Group, Not Discontinued Operation, Loss (Gain) on Write-down		1,000,000					8,941,000
Impairment of Long-Lived Assets Held-for-use		0	$ 3,800,000				3,837,000
Disposal Group, Including Discontinued Operation, Other Expense		596,000					946,000
Proceeds from refranchising	$ 3,200,000				$ 19,600,000		20,805,000	$ 0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory					500,000
Payment of Deferred Acquisition Holdback					2,000,000		0	(270,000)
Gain (Loss) on Disposition of Business	$ (2,600,000)	578,000			$ 600,000		(1,992,000)
Refranchising loss		$ 2,174,000		$ 0			$ 11,732,000	$ 0
Expiration Period of Holdbacks					July 14, 2017
Refranchised Cafe [Domain]
Business Acquisitions And Divestitures [Line Items]
Number of bakery cafe | bakery-cafes	1	53			29		53
Minimum [Member] | Refranchised Cafe [Domain]
Business Acquisitions And Divestitures [Line Items]
Number of bakery cafe | bakery-cafes		50					50
Maximum [Member] | Refranchised Cafe [Domain]
Business Acquisitions And Divestitures [Line Items]
Number of bakery cafe | bakery-cafes		150					150
Subsequent Event [Member]
Business Acquisitions And Divestitures [Line Items]
Proceeds from refranchising						$ 26,700,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory						$ 900,000
Subsequent Event [Member] | Refranchised Cafe [Domain]
Business Acquisitions And Divestitures [Line Items]
Number of bakery cafe | bakery-cafes						45

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($)	Sep. 29, 2015	Dec. 30, 2014
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	$ 2,000	$ 92,316,000
Assets, Fair Value Disclosure, Recurring	2,000	92,316,000
Interest Rate Derivative Liabilities, at Fair Value	4,908,000
Liabilities, Fair Value Disclosure, Recurring	4,908,000
Fair Value, Inputs, Level 1 [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	2,000	92,316,000
Assets, Fair Value Disclosure, Recurring	2,000	92,316,000
Interest Rate Derivative Liabilities, at Fair Value	0
Liabilities, Fair Value Disclosure, Recurring	0
Fair Value, Inputs, Level 2 [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	0	0
Assets, Fair Value Disclosure, Recurring	0	0
Interest Rate Derivative Liabilities, at Fair Value	4,908,000
Liabilities, Fair Value Disclosure, Recurring	4,908,000
Fair Value, Inputs, Level 3 [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	0	0
Assets, Fair Value Disclosure, Recurring	0	$ 0
Interest Rate Derivative Liabilities, at Fair Value	0
Liabilities, Fair Value Disclosure, Recurring	$ 0

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Sep. 29, 2015	Dec. 30, 2014
Bakery cafes [Abstract]
Paper goods	$ 3,076	$ 3,786
Total	20,631	22,811
Fresh dough and other product operations [Member]
Fresh dough facilities [Abstract]
Raw materials	3,723	3,413
Finished goods	305	460
Company Bakery Cafe Operations [Member]
Fresh dough facilities [Abstract]
Raw materials	$ 13,527	$ 15,152

Accrued Expenses (Details)

Accrued Expenses (Details) - USD ($) $ in Thousands	Sep. 29, 2015	Dec. 30, 2014
Payables and Accruals [Abstract]
Unredeemed gift cards, net	$ 77,207	$ 105,576
Compensation and related employment taxes	42,094	59,442
Capital Expenditures	70,572	56,808
Insurance	37,339	32,559
Taxes, other than income taxes	22,159	21,068
Fresh dough and other product operations	8,550	6,812
Utilities	5,877	5,527
Occupancy costs	8,088	7,263
Deferred Revenue	6,965	5,291
Customer Loyalty Program Liability, Current	2,699	2,525
Advertising	4,509	10,147
Other	19,594	20,183
Total	$ 305,653	$ 333,201

Term Loan (Details Textuals)

Term Loan (Details Textuals)	3 Months Ended	5 Months Ended	9 Months Ended
	Sep. 29, 2015USD ($)	Jun. 11, 2014USD ($)	Sep. 29, 2015USD ($)	Jul. 15, 2015USD ($)	Dec. 30, 2014USD ($)
Debt Instrument [Line Items]
Notes Payable to Bank	$ 12,680,000		$ 12,680,000		$ 0
Notes Payable to Bank, Current	5,100,000		5,100,000
Derivative, Notional Amount	242,500,000		242,500,000
Unamortized Debt Issuance Expense	1,418,000		1,418,000		(216,000)
Long-term Debt	411,262,000		411,262,000		99,784,000
Current portion of long-term debt	19,765,000		19,765,000		0
Long-term debt	391,497,000		$ 391,497,000		99,784,000
2014 Term Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Issuance Date			Jun. 11, 2014
Long-term Debt, Gross	$ 100,000,000		$ 100,000,000		100,000,000
Debt Instrument, Maturity Date			Jun. 11, 2019
Debt Issuance Cost		$ 200,000
Debt Instrument, Interest Rate at Period End	1.19%		1.18%
Consolidated Leverage Ratio			3
Consolidated Leverage Ratio Denominator			1
Consolidated Fixed Charge Coverage Ratio			2
Consolidated Fixed Charge Coverage Ratio Denominator			1
2015 Term Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Issuance Date			Jul. 16, 2015
Long-term Debt, Gross	$ 300,000,000		$ 300,000,000		0
Debt Instrument, Maturity Date			Jul. 16, 2020
Debt Instrument, Periodic Payment	1.25%		1.25%
Debt Issuance Cost			$ 1,300,000
Debt Instrument, Interest Rate at Period End			1.32%
Consolidated Leverage Ratio			3
Consolidated Leverage Ratio Denominator			1
Consolidated Fixed Charge Coverage Ratio			2
Consolidated Fixed Charge Coverage Ratio Denominator			1
Current portion of long-term debt	$ 14,700,000		$ 14,700,000
2014 Term Loan [Member] | LIBOR Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate			1.00%
2014 Term Loan [Member] | LIBOR Loan [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate			1.00%
2014 Term Loan [Member] | LIBOR Loan [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate			1.50%
2014 Term Loan [Member] | Base Rate Loan [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate			0.00%
2014 Term Loan [Member] | Base Rate Loan [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate			0.50%
2014 Term Loan [Member] | Federal Funds Rate [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate			0.50%
2015 Term Loan [Member] | LIBOR Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate			1.00%
2015 Term Loan [Member] | LIBOR Loan [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate			1.00%
2015 Term Loan [Member] | LIBOR Loan [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate			1.50%
2015 Term Loan [Member] | Base Rate Loan [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate			0.00%
2015 Term Loan [Member] | Base Rate Loan [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate			0.50%
2015 Term Loan [Member] | Federal Funds Rate [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate			0.50%
2012 Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	250,000,000		$ 250,000,000
Line of Credit Facility, Expiration Date			Nov. 30, 2017
Line of Credit Facility, Amount Outstanding					$ 0
2015 Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity				$ 250,000,000
Line of Credit Facility, Expiration Date			Jul. 16, 2020
Line of Credit Facility, Amount Outstanding	$ 0		$ 0
Consolidated Leverage Ratio			3
Consolidated Leverage Ratio Denominator			1
Consolidated Fixed Charge Coverage Ratio			2
Consolidated Fixed Charge Coverage Ratio Denominator			1
2015 Credit Facility [Member] | LIBOR Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate			1.00%
2015 Credit Facility [Member] | LIBOR Loan [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate			1.00%
2015 Credit Facility [Member] | LIBOR Loan [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate			1.50%
2015 Credit Facility [Member] | Base Rate Loan [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate			0.00%
2015 Credit Facility [Member] | Base Rate Loan [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate			0.50%
2015 Credit Facility [Member] | Federal Funds Rate [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate			0.50%

Derivative Financial Instrume35

Derivative Financial Instruments Derivative Financial Instruments (Details)	3 Months Ended	9 Months Ended
	Sep. 29, 2015USD ($)	Sep. 29, 2015USD ($)
Derivative [Line Items]
Gain (Loss) on Interest Rate Cash Flow Hedge Ineffectiveness	$ 0
Derivative, Notional Amount	242,500,000	$ 242,500,000
Unrealized gains (losses) on cash flow hedging instruments	4,908,000	4,908,000
Interest Rate Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net	$ 400,000
2014 Term Loan [Member]
Derivative [Line Items]
Derivative, Inception Date	Jul. 16, 2015
Derivative, Effective Date	Jul. 11, 2016
Derivative, Term of Contract	4 years
Derivative, Notional Amount	$ 100,000,000	$ 100,000,000
Derivative, Fixed Interest Rate	1.75%	1.75%
2015 Term Loan [Member]
Derivative [Line Items]
Derivative, Notional Amount Decrease	$ 1,900,000
Derivative, Inception Date	Jul. 16, 2015
Derivative, Effective Date	Jul. 18, 2016
Derivative, Term of Contract	5 years
Derivative, Notional Amount	$ 142,500,000	$ 142,500,000
Derivative, Fixed Interest Rate	1.97%	1.97%

Stockholders' Equity Stockhol36

Stockholders' Equity Stockholders' Equity (Details) - USD ($)	3 Months Ended		9 Months Ended		16 Months Ended
	Sep. 29, 2015	Sep. 30, 2014	Sep. 29, 2015	Sep. 30, 2014	Sep. 29, 2015	Jun. 30, 2015	Apr. 15, 2015	Dec. 30, 2014	Jul. 01, 2014	Jun. 05, 2014	Dec. 31, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (5,993,000)	$ (847,000)	$ (5,993,000)	$ (847,000)	$ (5,993,000)	$ (2,063,000)		$ (1,360,000)	$ (277,000)		$ (333,000)
Other Comprehensive Income (Loss), Net of Tax	(3,930,000)	(570,000)	(4,633,000)	(514,000)
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program, Remaining Authorized Repurchase Amount	408,400,000		408,400,000		408,400,000
2014 Repurchase Authorization [Member]
Equity, Class of Treasury Stock [Line Items]
Stock Repurchased and Retired During Period, Value			$ 275,000,000		$ 341,600,000
Treasury Stock Acquired, Average Cost Per Share			$ 181.05		$ 175.50
Stock Repurchased and Retired During Period, Shares			1,518,668		1,946,189
Stock Repurchase Program, Authorized Amount							$ 750,000,000			$ 600,000,000
Foreign Currency Gain (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(3,026,000)	(847,000)	$ (3,026,000)	(847,000)	$ (3,026,000)	(2,063,000)		(1,360,000)	(277,000)		(333,000)
Other Comprehensive Income (Loss), Net of Tax	(963,000)	(570,000)	(1,666,000)	(514,000)
Cash Flow Hedging [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(2,967,000)	0	(2,967,000)	0	$ (2,967,000)	$ 0		$ 0	$ 0		$ 0
Other Comprehensive Income (Loss), Net of Tax	$ (2,967,000)	$ 0	$ (2,967,000)	$ 0

Commitments and Contingencies (

Commitments and Contingencies (Detail Textuals) - Guarantee of Indebtedness of Others [Member] $ in Millions	Sep. 29, 2015USD ($)franchisee
Loss Contingencies [Line Items]
Franchisees guaranteed under operating leases (in franchisees) | franchisee	26
Potential amount of future rental payments	$ 76.6

Business Segment Information (D

Business Segment Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 29, 2015	Sep. 30, 2014	Sep. 29, 2015	Sep. 30, 2014	Dec. 30, 2014	Dec. 31, 2013
Segment Reporting Information [Line Items]
Refranchising loss	$ 2,174,000	$ 0	$ 11,732,000	$ 0
Revenues:
Total revenues	664,654,000	619,890,000	1,989,815,000	1,856,698,000
Segment profit:
Total segment profit	124,581,000	124,318,000	377,913,000	392,435,000
Depreciation and amortization	33,885,000	31,187,000	100,167,000	90,681,000
Unallocated General and Administrative Expenses	37,575,000	34,460,000	103,515,000	102,112,000
Pre-opening expenses	2,298,000	2,083,000	6,253,000	5,283,000
Interest expense	1,363,000	462,000	2,266,000	1,386,000
Other (income) expense, net	(55,000)	(719,000)	948,000	(5,934,000)
Income before income taxes	50,794,000	58,216,000	168,497,000	203,454,000
Capital expenditures:
Capital Expenditures	48,445,000	64,605,000	153,301,000	155,348,000
Segment Assets
Unallocated cash and cash equivalents	275,177,000	146,110,000	275,177,000	146,110,000	$ 196,493,000	$ 125,245,000
Unallocated trade and other accounts receivable	42,764,000		42,764,000		36,584,000
Unallocated property and equipment	782,099,000		782,099,000		787,294,000
Total assets	1,483,214,000		1,483,214,000		1,390,686,000
Company bakery cafe operations [Member]
Revenues:
Total revenues	584,664,000	545,393,000	1,756,464,000	1,636,587,000
Franchise operations [Member]
Revenues:
Total revenues	33,740,000	30,585,000	98,952,000	89,950,000
Operating Segments [Member]
Segment profit:
Depreciation and amortization	33,885,000		100,167,000	90,681,000
Unallocated Amount to Segment [Member]
Segment profit:
Unallocated General and Administrative Expenses	36,296,000	33,089,000	99,782,000	97,565,000
Segment Assets
Unallocated cash and cash equivalents	275,177,000		275,177,000		196,493,000
Unallocated trade and other accounts receivable	5,552,000		5,552,000		3,104,000
Unallocated property and equipment	103,628,000		103,628,000		84,224,000
Unallocated deposits and other	8,339,000		8,339,000		3,575,000
Other unallocated assets	53,689,000		53,689,000		71,030,000
Operating Segments [Member]
Segment Assets
Total assets	1,036,829,000		1,036,829,000		1,032,260,000
Operating Segments [Member] | Company bakery cafe operations [Member]
Revenues:
Total revenues	584,664,000	545,393,000	1,756,464,000	1,636,587,000
Segment profit:
Total segment profit	87,513,000	90,292,000	266,456,000	290,713,000
Depreciation and amortization	26,004,000	25,593,000	78,698,000	75,791,000
Capital expenditures:
Capital Expenditures	39,756,000	47,896,000	117,866,000	112,127,000
Segment Assets
Total assets	950,708,000		950,708,000		953,896,000
Operating Segments [Member] | Franchise operations [Member]
Revenues:
Total revenues	33,740,000	30,585,000	98,952,000	89,950,000
Segment profit:
Total segment profit	32,461,000	29,214,000	95,219,000	85,403,000
Segment Assets
Total assets	11,565,000		11,565,000		13,145,000
Operating Segments [Member] | Fresh dough and other product operations [Member]
Revenues:
Total revenues	96,198,000	92,789,000	284,089,000	275,353,000
Segment profit:
Total segment profit	4,607,000	4,812,000	16,238,000	16,319,000
Depreciation and amortization	2,321,000	2,141,000	6,855,000	6,295,000
Capital expenditures:
Capital Expenditures	3,217,000	2,534,000	7,710,000	9,101,000
Segment Assets
Total assets	74,556,000		74,556,000		$ 65,219,000
Operating Segments [Member] | Corporate Administration [Member]
Segment profit:
Depreciation and amortization	5,560,000	3,453,000	14,614,000	8,595,000
Capital expenditures:
Capital Expenditures	5,472,000	14,175,000	27,725,000	34,120,000
Intersegment Eliminations [Member] | Intersegment Eliminations [Member]
Revenues:
Total revenues	$ (49,948,000)	$ (48,877,000)	$ (149,690,000)	$ (145,192,000)

Business Segment Information Bu

Business Segment Information Business Segment Information (Detail Textuals)	9 Months Ended
	Sep. 29, 2015segments
Segment Reporting [Abstract]
Maximum Delivered Cost On Fresh Dough Based On Retail Value Of End Product (as a percent)	27.00%
Segment Reporting Information Number Of Business Segments (in segments)	3

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2015	Sep. 30, 2014	Sep. 29, 2015	Sep. 30, 2014
Amounts used for basic and diluted per share calculations
Net Income	$ 32,393	$ 39,214	$ 106,182	$ 130,801
Weighted average number of shares outstanding - basic (in shares)	25,394	26,715	26,011	26,979
Effect of dilutive stock-based employee compensation awards (in shares)	107	98	108	129
Weighted average number of shares outstanding - diluted (in shares)	25,501	26,813	26,119	27,108
Earnings per common share:
Basic (in dollars per share)	$ 1.28	$ 1.47	$ 4.08	$ 4.85
Diluted (in dollars per share)	$ 1.27	$ 1.46	$ 4.07	$ 4.83

Earnings Per Share (Details Tex

Earnings Per Share (Details Textuals) - shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 29, 2015	Sep. 30, 2014	Sep. 29, 2015	Sep. 30, 2014
Stock Compensation Plan [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from computation of earning per share	0.1	0.1	0.1	0.1

Supplemental Cash Flow Inform42

Supplemental Cash Flow Information (Details) - USD ($)	9 Months Ended
	Sep. 29, 2015	Sep. 30, 2014
Supplemental Cash Flow Information [Abstract]
Interest Paid	$ 1,783,000	$ 421,000
Income Taxes Paid	72,519,000	91,469,000
Capital Expenditures Incurred but Not yet Paid	13,764,000	14,183,000
Noncash or Part Noncash Acquisition, Fixed Assets Acquired	12,680,000	0
Asset Retirement Obligation	$ 348,000	$ 374,000