XML 25 R8.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Apr. 01, 2014
Cash flows from operating activities:    
Net income including noncontrolling interests $ 33,581us-gaap_ProfitLoss $ 27,608us-gaap_ProfitLoss
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 16,335us-gaap_DepreciationDepletionAndAmortization 14,085us-gaap_DepreciationDepletionAndAmortization
Deferred income taxes (755)us-gaap_DeferredIncomeTaxExpenseBenefit (871)us-gaap_DeferredIncomeTaxExpenseBenefit
Loss on disposition of assets 978us-gaap_GainLossOnDispositionOfAssets 653us-gaap_GainLossOnDispositionOfAssets
Equity income from investments in unconsolidated affiliates (372)us-gaap_IncomeLossFromEquityMethodInvestments (212)us-gaap_IncomeLossFromEquityMethodInvestments
Distributions of income received from investments in unconsolidated affiliates 155us-gaap_ProceedsFromContributionsFromAffiliates 138us-gaap_ProceedsFromContributionsFromAffiliates
Provision for doubtful accounts (47)us-gaap_ProvisionForDoubtfulAccounts 8us-gaap_ProvisionForDoubtfulAccounts
Share-based compensation expense 4,904us-gaap_ShareBasedCompensation 3,621us-gaap_ShareBasedCompensation
Changes in operating working capital:    
Receivables 13,063us-gaap_IncreaseDecreaseInAccountsReceivable 8,444us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories 1,611us-gaap_IncreaseDecreaseInInventories 639us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other current assets (1,048)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (795)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Other assets (960)us-gaap_IncreaseDecreaseInOtherOperatingAssets 788us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accounts payable 520us-gaap_IncreaseDecreaseInAccountsPayableTrade 385us-gaap_IncreaseDecreaseInAccountsPayableTrade
Deferred revenue-gift cards (27,546)us-gaap_IncreaseDecreaseInDeferredRevenue (22,489)us-gaap_IncreaseDecreaseInDeferredRevenue
Accrued wages 4,079us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities 2,800us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities
Excess tax benefits from share-based compensation (2,215)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (1,228)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
Prepaid income taxes and income taxes payable 11,694us-gaap_IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable 11,796us-gaap_IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
Accrued taxes and licenses 400txrh_IncreaseDecreaseAccruedTaxesAndLicenses (1,231)txrh_IncreaseDecreaseAccruedTaxesAndLicenses
Other accrued liabilities 755us-gaap_IncreaseDecreaseInOtherAccruedLiabilities 1,836us-gaap_IncreaseDecreaseInOtherAccruedLiabilities
Deferred rent 948us-gaap_IncreaseDecreaseInDeferredCharges 813us-gaap_IncreaseDecreaseInDeferredCharges
Other liabilities 1,612us-gaap_IncreaseDecreaseInOtherOperatingLiabilities (999)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Net cash provided by operating activities 57,692us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 45,789us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flows from investing activities:    
Capital expenditures-property and equipment (33,437)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (23,087)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from sale of property and equipment, including insurance proceeds 9us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment  
Net cash used in investing activities (33,428)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (23,087)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flows from financing activities:    
Repurchase of shares of common stock   (24,172)us-gaap_PaymentsForRepurchaseOfCommonStock
Distributions to noncontrolling interests (1,172)us-gaap_PaymentsOfDividendsMinorityInterest (1,144)us-gaap_PaymentsOfDividendsMinorityInterest
Excess tax benefits from share-based compensation 2,215us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 1,228us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Proceeds from (repayments of) stock option and other deposits, net 366txrh_ProceedsFromRepaymentsOfStockOptionAndOtherDeposits (361)txrh_ProceedsFromRepaymentsOfStockOptionAndOtherDeposits
Indirect repurchase of shares for minimum tax withholdings (4,402)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation (3,622)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation
Principal payments on long-term debt and capital lease obligations (30)us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities (71)us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities
Proceeds from exercise of stock options 1,592us-gaap_ProceedsFromStockOptionsExercised 1,262us-gaap_ProceedsFromStockOptionsExercised
Dividends paid to stockholders (10,443)us-gaap_PaymentsOfDividendsCommonStock  
Net cash used in financing activities (11,874)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (26,880)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net increase (decrease) in cash and cash equivalents 12,390us-gaap_NetCashProvidedByUsedInContinuingOperations (4,178)us-gaap_NetCashProvidedByUsedInContinuingOperations
Cash and cash equivalents-beginning of period 86,122us-gaap_CashAndCashEquivalentsAtCarryingValue 94,874us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents-end of period 98,512us-gaap_CashAndCashEquivalentsAtCarryingValue 90,696us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosures of cash flow information:    
Interest, net of amounts capitalized 580us-gaap_InterestPaidNet 587us-gaap_InterestPaidNet
Income taxes paid 3,938us-gaap_IncomeTaxesPaidNet 1,305us-gaap_IncomeTaxesPaidNet
Capital expenditures included in accounts payable $ 3,106us-gaap_CapitalExpendituresIncurredButNotYetPaid $ 3,035us-gaap_CapitalExpendituresIncurredButNotYetPaid