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Condensed Consolidated Statements of Income and Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jul. 01, 2014
Jun. 25, 2013
Jul. 01, 2014
Jun. 25, 2013
Revenue:        
Restaurant sales $ 391,819 $ 348,929 $ 785,775 $ 705,493
Franchise royalties and fees 3,544 3,190 6,730 6,302
Total revenue 395,363 352,119 792,505 711,795
Restaurant operating costs (excluding depreciation and amortization shown separately below):        
Cost of sales 137,082 120,212 271,894 244,764
Labor 115,182 101,723 229,854 203,384
Rent 8,128 7,152 16,170 14,209
Other operating 60,362 54,989 121,215 110,767
Pre-opening 4,455 4,240 8,732 7,064
Depreciation and amortization 14,433 12,190 28,518 24,402
Impairment and closure 9 27 26 84
General and administrative 21,311 21,789 41,511 39,156
Total costs and expenses 360,962 322,322 717,920 643,830
Income from operations 34,401 29,797 74,585 67,965
Interest expense, net 514 567 1,072 1,162
Equity income from investments in unconsolidated affiliates (353) (218) (565) (398)
Income before taxes 34,240 29,448 74,078 67,201
Provision for income taxes 10,215 8,583 22,445 19,117
Net income including noncontrolling interests 24,025 20,865 51,633 48,084
Less: Net income attributable to noncontrolling interests 944 902 2,087 1,950
Net income attributable to Texas Roadhouse, Inc. and subsidiaries 23,081 19,963 49,546 46,134
Other comprehensive income, net of tax:        
Unrealized gain on derivatives, net of tax of ($0.1) million, ($0.2) million, ($0.2) million and ($0.3) million, respectively 196 342 376 538
Total comprehensive income $ 23,277 $ 20,305 $ 49,922 $ 46,672
Net income per common share attributable to Texas Roadhouse, Inc. and subsidiaries:        
Basic (in dollars per share) $ 0.33 $ 0.29 $ 0.71 $ 0.66
Diluted (in dollars per share) $ 0.33 $ 0.28 $ 0.70 $ 0.65
Weighted-average shares outstanding:        
Basic (in shares) 69,705 70,030 69,918 69,693
Diluted (in shares) 70,577 71,267 70,822 70,924
Cash dividends declared per share (in dollars per share) $ 0.15 $ 0.12 $ 0.30 $ 0.24