XML 40 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 29, 2015
Sep. 30, 2014
Sep. 29, 2015
Sep. 30, 2014
Revenue:        
Restaurant sales $ 433,932 $ 381,991 $ 1,340,917 $ 1,167,766
Franchise royalties and fees 4,157 3,227 12,100 9,957
Total revenue 438,089 385,218 1,353,017 1,177,723
Restaurant operating costs (excluding depreciation and amortization shown separately below):        
Cost of sales 156,643 137,658 484,700 409,552
Labor 129,198 112,521 392,686 342,375
Rent 9,325 8,380 27,442 24,550
Other operating 66,848 59,276 204,523 180,491
Pre-opening 5,749 3,945 14,476 12,677
Depreciation and amortization 17,843 15,164 50,994 43,682
Impairment and closure   (16)   10
General and administrative 21,927 19,469 67,344 60,980
Total costs and expenses 407,533 356,397 1,242,165 1,074,317
Income from operations 30,556 28,821 110,852 103,406
Interest expense, net 470 492 1,480 1,564
Equity income from investments in unconsolidated affiliates (449) (410) (1,288) (975)
Income before taxes 30,535 28,739 110,660 102,817
Provision for income taxes 9,141 9,017 33,419 31,462
Net income including noncontrolling interests 21,394 19,722 77,241 71,355
Less: Net income attributable to noncontrolling interests 912 841 3,329 2,928
Net income attributable to Texas Roadhouse, Inc. and subsidiaries 20,482 18,881 73,912 68,427
Other comprehensive income (expense), net of tax:        
Unrealized gain on derivatives, net of tax of $140, $144, $402 and $381, respectively 223 228 639 604
Foreign currency translation adjustment, net of tax of ($68), ($-), ($57) and ($-), respectively (109)   (91)  
Total other comprehensive income, net of tax 114 228 548 604
Total comprehensive income $ 20,596 $ 19,109 $ 74,460 $ 69,031
Net income per common share attributable to Texas Roadhouse, Inc. and subsidiaries:        
Basic (in dollars per share) $ 0.29 $ 0.27 $ 1.06 $ 0.98
Diluted (in dollars per share) $ 0.29 $ 0.27 $ 1.05 $ 0.97
Weighted average shares outstanding:        
Basic (in shares) 70,117 69,544 69,995 69,793
Diluted (in shares) 70,735 70,395 70,639 70,639
Cash dividends declared per share (in dollars per share) $ 0.17 $ 0.15 $ 0.51 $ 0.45