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Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 28, 2011
Jun. 29, 2010
Jun. 28, 2011
Jun. 29, 2010
Revenue:        
Restaurant sales $ 277,089 $ 252,835 $ 558,409 $ 510,177
Franchise royalties and fees 2,483 2,327 4,948 4,609
Total revenue 279,572 255,162 563,357 514,786
Restaurant operating costs:        
Cost of sales 92,266 82,660 185,807 165,459
Labor 82,912 74,497 165,632 149,406
Rent 5,700 5,287 11,357 10,557
Other operating 45,938 42,767 91,219 85,365
Pre-opening 2,196 1,307 4,086 2,412
Depreciation and amortization 10,553 10,262 21,153 20,599
Impairment and closures 20 100 46 258
General and administrative 16,239 14,953 30,100 27,295
Total costs and expenses 255,824 231,833 509,400 461,351
Income from operations 23,748 23,329 53,957 53,435
Interest expense, net 542 704 1,107 1,434
Equity income from investments in unconsolidated affiliates (97) (92) (200) (200)
Income before taxes 23,303 22,717 53,050 52,201
Provision for income taxes 6,604 7,049 15,876 16,655
Net income including noncontrolling interests 16,699 15,668 37,174 35,546
Less: Net income attributable to noncontrolling interests 623 632 1,305 1,269
Net income attributable to Texas Roadhouse, Inc. and subsidiaries $ 16,076 $ 15,036 $ 35,869 $ 34,277
Net income per common share attributable to Texas Roadhouse, Inc. and subsidiaries:        
Basic (in dollars per share) $ 0.23 $ 0.21 $ 0.50 $ 0.48
Diluted (in dollars per share) $ 0.22 $ 0.21 $ 0.49 $ 0.47
Weighted-average shares outstanding:        
Basic (in shares) 71,261 71,471 71,654 71,076
Diluted (in shares) 72,791 72,961 73,256 72,587
Cash dividends declared per share (in dollars per share) $ 0.08   $ 0.16