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Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 26, 2017
Sep. 27, 2016
Sep. 26, 2017
Sep. 27, 2016
Revenue:        
Restaurant sales $ 536,341 $ 477,617 $ 1,661,821 $ 1,493,531
Franchise royalties and fees 4,166 4,020 12,634 12,473
Total revenue 540,507 481,637 1,674,455 1,506,004
Restaurant operating costs (excluding depreciation and amortization shown separately below):        
Cost of sales 176,498 161,886 545,862 506,565
Labor 169,355 145,301 514,287 442,861
Rent 11,257 10,266 33,238 30,477
Other operating 83,679 73,583 254,176 227,082
Pre-opening 4,548 5,017 14,302 14,253
Depreciation and amortization 23,534 20,941 69,236 60,718
Impairment and closure 2 13 13 54
General and administrative 26,123 26,162 94,594 82,933
Total costs and expenses 494,996 443,169 1,525,708 1,364,943
Income from operations 45,511 38,468 148,747 141,061
Interest expense, net 500 288 1,211 902
Equity income from investments in unconsolidated affiliates (359) (4) (1,149) (831)
Income before taxes 45,370 38,184 148,685 140,990
Provision for income taxes 13,046 11,381 41,159 42,325
Net income including noncontrolling interests 32,324 26,803 107,526 98,665
Less: Net income attributable to noncontrolling interests 1,310 1,128 4,618 3,792
Net income attributable to Texas Roadhouse, Inc. and subsidiaries 31,014 25,675 102,908 94,873
Other comprehensive income (loss), net of tax:        
Unrealized gain on derivatives, net of tax of ($-), ($-), ($-) and ($18), respectively       27
Foreign currency translation adjustment, net of tax of ($55), ($18), ($82) and $7, respectively 88 29 131 (11)
Total other comprehensive income, net of tax 88 29 131 16
Total comprehensive income $ 31,102 $ 25,704 $ 103,039 $ 94,889
Net income per common share attributable to Texas Roadhouse, Inc. and subsidiaries:        
Basic (in dollars per share) $ 0.44 $ 0.36 $ 1.45 $ 1.35
Diluted (in dollars per share) $ 0.43 $ 0.36 $ 1.44 $ 1.34
Weighted average shares outstanding:        
Basic (in shares) 71,067 70,477 70,939 70,338
Diluted (in shares) 71,532 70,981 71,449 70,898
Cash dividends declared per share (in dollars per share) $ 0.21 $ 0.19 $ 0.63 $ 0.57