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Document and Entity Information
9 Months Ended
Sep. 29, 2013
Nov. 06, 2013
Document And Entity Information [Abstract] ' '
Entity Registrant Name 'Bravo Brio Restaurant Group, Inc. '
Trading Symbol 'BBRG '
Entity Central Index Key '0001495479 '
Current Fiscal Year End Date '--12-29 '
Entity Filer Category 'Accelerated Filer '
Document Type '10-Q '
Document Period End Date Sep 29, 2013 '
Document Fiscal Year Focus '2013 '
Document Fiscal Period Focus 'Q3 '
Amendment Flag 'false '
Entity Common Stock, Shares Outstanding ' 19,466,247
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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Sep. 29, 2013
Dec. 30, 2012
Current assets ' '
Cash and cash equivalents $ 2,707 $ 13,717
Accounts receivable 6,157 7,728
Tenant improvement allowance receivable 1,546 1,638
Inventories 2,517 3,023
Deferred income taxes, net 3,295 2,304
Prepaid expenses and other current assets 1,630 2,547
Total current assets 17,852 30,957
Property and equipment — net 184,353 175,969
Deferred income taxes — net 48,537 52,068
Other assets — net 4,008 4,344
Total assets 254,750 263,338
Current liabilities ' '
Trade and construction payables 13,059 10,695
Accrued expenses 20,025 24,724
Current portion of long-term debt 2,082 2,704
Deferred lease incentives 6,283 6,430
Deferred gift card revenue 7,959 12,210
Total current liabilities 49,408 56,763
Deferred lease incentives 61,390 64,761
Long-term debt 14,132 20,382
Other long-term liabilities 21,621 21,149
Commitments and contingencies (Note 6) '   '  
Stockholders’ equity ' '
Common shares, no par value per share— authorized 100,000,000 shares; 19,900,583 shares issued at September 29, 2013 and 19,820,428 shares issued at December 30, 2012 197,543 195,512
Preferred shares, no par value per share— authorized 5,000,000 shares; issued and outstanding, 0 shares at September 29, 2013 and December 30, 2012 0 0
Treasury shares, 499,890 shares at September 29, 2013; and 224,172 shares at December 30, 2012 (7,252) (2,927)
Retained deficit (82,092) (92,302)
Total stockholders’ equity 108,199 100,283
Total liabilities and stockholders’ equity $ 254,750 $ 263,338
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CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)
Sep. 29, 2013
Dec. 30, 2012
Common shares, par value $ 0 $ 0
Common shares, share authorized 100,000,000 100,000,000
Common shares, share issued 19,900,583 19,820,428
Preferred shares, par value $ 0 $ 0
Preferred shares, shares authorized 5,000,000 5,000,000
Preferred shares, shares issued 0 0
Preferred shares, shares outstanding 0 0
Treasury shares, shares 499,890 224,172
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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 29, 2013
Sep. 23, 2012
Sep. 29, 2013
Sep. 23, 2012
Revenues $ 96,290 $ 95,921 $ 304,975 $ 297,105
Costs and expenses ' ' ' '
Cost of sales 24,620 25,045 78,635 77,164
Labor 34,027 33,528 107,491 102,950
Operating 15,796 15,089 48,504 45,752
Occupancy 6,977 6,230 20,983 19,448
General and administrative expenses 5,471 5,700 17,166 17,085
Restaurant preopening costs 1,249 1,442 2,508 3,615
Depreciation and amortization 5,028 4,689 14,859 13,765
Total costs and expenses 93,168 91,723 290,146 279,779
Income from operations 3,122 4,198 14,829 17,326
Interest expense, net 269 322 870 1,008
Income before income taxes 2,853 3,876 13,959 16,318
Income tax expense 604 1,049 3,749 4,612
Net income $ 2,249 $ 2,827 $ 10,210 $ 11,706
Net income per basic share $ 0.12 $ 0.14 $ 0.52 $ 0.6
Net income per diluted share $ 0.11 $ 0.14 $ 0.5 $ 0.57
Weighted average shares outstanding-basic 19,525 19,618 19,574 19,558
Weighted average shares outstanding-diluted 20,439 20,649 20,469 20,617
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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $)
In Thousands, except Share data
Total
Common Shares
Retained Deficit
Treasury Stock
Beginning balance at Dec. 30, 2012 $ 100,283 $ 195,512 $ (92,302) $ (2,927)
Beginning balance (in shares) at Dec. 30, 2012 ' 19,820,428 ' (224,172)
Net income 10,210 ' 10,210 '
Share-based compensation costs 2,138 2,138 ' '
Proceeds from the exercise of stock options, shares ' 52,489 ' '
Proceeds from the exercise of stock options 76 76 ' '
Issuance of shares of restricted stock (in shares) ' 38,375 ' '
Issuance of shares of restricted stock 0 0 ' '
Excess tax deficiency from share based payments, net (20) (20) ' '
Shares withheld from restricted stock vesting for minimum tax withholdings, shares ' (10,709) ' '
Shares withheld from restricted stock vesting for minimum tax withholdings (163) (163) ' '
Purchase of treasury shares, shares ' ' ' (275,718)
Purchase of treasury shares (4,325) ' ' (4,325)
Ending balance at Sep. 29, 2013 $ 108,199 $ 197,543 $ (82,092) $ (7,252)
Ending balance (in shares) at Sep. 29, 2013 ' 19,900,583 ' (499,890)
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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 29, 2013
Sep. 23, 2012
Cash flows from operating activities: ' '
Net income $ 10,210 $ 11,706
Adjustments to reconcile net income to net cash provided by operating activities: ' '
Depreciation and amortization 15,140 14,041
Loss on disposals of property and equipment 1,327 295
Amortization of deferred lease incentives (8,826) (4,521)
Share-based compensation costs 2,138 1,723
Deferred income taxes 2,540 2,960
Changes in assets and liabilities: ' '
Accounts and tenant improvement allowance receivables 1,663 (1,210)
Inventories 506 180
Prepaid expenses and other current assets 917 673
Trade and construction payables 914 (671)
Deferred lease incentives 5,308 7,520
Deferred gift card revenue (4,251) (3,952)
Other accrued expenses (4,768) 3,112
Other — net 505 1,432
Net cash provided by operating activities 23,323 33,288
Cash flows from investing activities: ' '
Purchase of property and equipment (23,245) (26,880)
Proceeds from the sale of assets 147 0
Net cash used in investing activities (23,098) (26,880)
Cash flows from financing activities: ' '
Payments on long-term debt (6,872) (9,147)
Proceeds from the exercise of stock options 76 295
Excess tax benefit related to share based payments 49 279
Shares withheld from restricted stock vesting for minimum tax withholdings (163) (9)
Repurchase of treasury shares (4,325) 0
Net cash used in financing activities (11,235) (8,582)
Net decrease in cash and cash equivalents (11,010) (2,174)
Cash and cash equivalents — beginning of period 13,717 10,093
Cash and cash equivalents — end of period 2,707 7,919
Supplemental disclosures of cash flow information: ' '
Interest paid 598 772
Income taxes paid 1,124 1,500
Property financed by trade and construction payables $ 3,175 $ 3,090
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BASIS OF PRESENTATION
9 Months Ended
Sep. 29, 2013
Accounting Policies [Abstract] '
BASIS OF PRESENTATION '
BASIS OF PRESENTATION
Description of Business — As of September 29, 2013, Bravo Brio Restaurant Group, Inc. (the “Company”) operated 104 restaurants under the trade names “Bravo! Cucina Italiana®,” “Brio Tuscan Grille,” and “Bon Vie®.” Of the 104 restaurants the Company operates, there are 47 Bravo! Cucina Italiana® restaurants, 56 Brio Tuscan Grille restaurants and one Bon Vie® restaurant in operation in 31 states throughout the United States of America. The Company owns all of its restaurants with the exception of one BRIO restaurant, which it operates under a management agreement and for which operation it receives a management fee.
The accompanying unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information. Accordingly, they do not include all the information and disclosures required by GAAP for complete financial statements. Operating results for the thirteen weeks ended September 29, 2013 are not necessarily indicative of the results that may be expected for the fiscal year ending December 29, 2013.
Certain information and disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to applicable rules and regulations of the Securities and Exchange Commission (“SEC”). In the opinion of management, the unaudited consolidated financial statements include all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation. These unaudited consolidated financial statements and related condensed notes should be read in conjunction with the consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 30, 2012 filed with the SEC on March 5, 2013 (the “2012 Annual Report on Form 10-K”).
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NET INCOME PER SHARE
9 Months Ended
Sep. 29, 2013
Earnings Per Share [Abstract] '
NET INCOME PER SHARE '
NET INCOME PER SHARE
Basic earnings per share (EPS) data is computed based on weighted average common shares outstanding during the period. Diluted EPS data is computed based on weighted average common shares outstanding, including all potentially issuable common shares. At September 29, 2013 and September 23, 2012, all outstanding stock options and restricted stock were included in the dilutive calculation.
(in thousands, except per share data)
 
 
Thirteen Weeks Ended
 
Thirty-Nine Weeks Ended
 
September 29,
2013
 
September 23,
2012
 
September 29,
2013
 
September 23,
2012
Net income
$
2,249

 
$
2,827

 
$
10,210

 
$
11,706

Weighted average common shares outstanding
19,525

 
19,618

 
19,574

 
19,558

Effect of dilutive securities:
 
 
 
 
 
 
 
Stock options
819

 
958

 
838

 
998

Restricted stock
95

 
73

 
57

 
61

Weighted average common and potentially issuable common shares outstanding—diluted
20,439

 
20,649

 
20,469

 
20,617

Basic net income per common share
$
0.12

 
$
0.14

 
$
0.52

 
$
0.60

Diluted net income per common share
$
0.11

 
$
0.14

 
$
0.50

 
$
0.57

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LONG-TERM DEBT
9 Months Ended
Sep. 29, 2013
Debt Disclosure [Abstract] '
LONG-TERM DEBT '
LONG-TERM DEBT
Long-term debt at September 29, 2013 and December 30, 2012 consisted of the following (in thousands):
 
 
September 29, 2013
 
December 30, 2012
Total term loan
$
16,214

 
$
23,086

Less current maturities
2,082

 
2,704

Long-term debt
$
14,132

 
$
20,382


On October 26, 2010, the Company, in connection with its Initial Public Offering (“IPO”), entered into a credit agreement with a syndicate of financial institutions with respect to its senior credit facilities. The senior credit facilities provide for (i) a $45.0 million term loan facility, maturing in 2015, and (ii) a revolving credit facility under which the Company may borrow up to $40.0 million (including a sublimit cap of up to $10.0 million for letters of credit and up to $10.0 million for swing-line loans), maturing in 2015.
Under the credit agreement, the Company is allowed to incur additional incremental term loans and/or increases in the revolving credit facility of up to $20.0 million if no event of default exists and certain other requirements are satisfied. Borrowings under the senior credit facilities bear interest at the Company’s option of either (i) the Alternate Base Rate (as such term is defined in the credit agreement) plus the applicable margin of 1.75% to 2.25% or (ii) at a fixed rate for a period of one, two, three or six months equal to the London interbank offered rate, LIBOR, plus the applicable margin of 2.75% to 3.25%. In addition to paying any outstanding principal amount under the Company’s senior credit facilities, the Company is required to pay an unused facility fee to the lenders equal to 0.50% to 0.75% per annum on the aggregate amount of the unused revolving credit facility, excluding swing-line loans, commencing on October 26, 2010, payable quarterly in arrears. Borrowings under the Company’s senior credit facilities are collateralized by a first priority interest in substantially all assets of the Company and its subsidiaries.
On October 9, 2012, the Company entered into an amendment to its credit agreement. The amendment eliminated dollar restrictions in paying dividends, distributions to shareholders, or repurchasing the Company’s common shares subject to the defined leverage ratio.
The credit agreement provides for a bank guarantee under standby letter of credit arrangements in the normal course of business operations. The standby letters of credit are cancellable only at the option of the beneficiary who is authorized to draw drafts on the issuing bank up to the face amount of the standby letters of credit in accordance with its credit. As of September 29, 2013, the maximum exposure under these standby letters of credit was $2.4 million.
Pursuant to the credit agreement, the Company is required to meet certain financial covenants including leverage ratios, fixed charge ratios, capital expenditures as well as other customary affirmative and negative covenants. At September 29, 2013, the Company was in compliance with its applicable financial covenants.
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STOCK BASED COMPENSATION
9 Months Ended
Sep. 29, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] '
STOCK BASED COMPENSATION '
STOCK BASED COMPENSATION
In June 2006, the Company adopted the Bravo Development, Inc. Option Plan (the “2006 Plan”) in order to provide an incentive to employees. In conjunction with the Company’s IPO, all of the then outstanding options under the 2006 Plan became exercisable and the 2006 Plan was terminated. No further compensation costs will be recorded under the 2006 Plan. The 2006 Plan was replaced with the Bravo Brio Restaurant Group, Inc. Stock Incentive Plan (the “Stock Incentive Plan”), which was adopted in October 2010.

2006 Plan
Stock option activity for the thirty-nine weeks ended September 29, 2013 is summarized as follows:
 
 
Number
of Shares
 
Weighted Average
Exercise Price
Outstanding at December 30, 2012
992,192

 
$
1.45

Exercised
(52,489
)
 
$
1.45

Granted

 
$

Forfeited

 
$

Outstanding at September 29, 2013
939,703

 
$
1.45

Exercisable at September 29, 2013
939,703

 
$
1.45


At September 29, 2013, the weighted-average remaining contractual term of options outstanding was approximately 3.2 years and all of the options were exercisable. Aggregate intrinsic value is calculated as the difference between the Company’s closing price at the end of the fiscal quarter and the exercise price, multiplied by the number of in-the-money options and represents the pre-tax amount that would have been received by the option holders had they all exercised such options on the fiscal quarter end date. The aggregate intrinsic value for outstanding and exercisable options at September 29, 2013 was $12.9 million.
Stock Incentive Plan
Restricted stock activity for the thirty-nine weeks ended September 29, 2013 is summarized as follows:
 
 
Number of
Shares
 
Weighted-
Average Grant
Date Fair  Value
Outstanding at December 30, 2012
345,312

 
$
18.19

Granted
152,400

 
$
14.84

Vested
(38,375
)
 
$
19.85

Forfeited
(17,549
)
 
$
17.14

Outstanding at September 29, 2013
441,788

 
$
16.93


Fair value of the outstanding shares of restricted stock is based on the average of the high and low price of the Company’s shares on the date immediately preceding the date of grant. In 2013, 152,400 shares of restricted stock have been granted to employees and directors of the Company pursuant to the Stock Incentive Plan. The weighted average of the high and low price of the Company’s shares on the date immediately preceding each 2013 grant date, was $14.84. In the first thirty-nine weeks of 2013, stock compensation costs related to shares of restricted stock were approximately $2.1 million. As of September 29, 2013, total unrecognized stock-based compensation expense related to non-vested shares of restricted stock was approximately $5.5 million, which is expected to be recognized over a weighted average period of approximately 2.2 years taking into account potential forfeitures. These shares of restricted stock will vest, subject to certain exceptions, annually over a four-year period.
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INCOME TAXES
9 Months Ended
Sep. 29, 2013
Income Tax Disclosure [Abstract] '
INCOME TAXES '
INCOME TAXES
The Company’s consolidated balance sheets at September 29, 2013 and December 30, 2012 include a net deferred tax asset of $51.8 million and $54.4 million, respectively. The Company performs a periodic analysis to evaluate whether the deferred tax assets will be realized. Such analysis assumes that the Company will continue to be a going concern and that it is more likely than not that the deferred tax assets will be realized through the generation of future taxable income.
The Company is currently under examination by the Internal Revenue Service for the fiscal year ended December 26, 2010. The Company does not believe that any adjustment as a result of the examination would be material to the financial statements.
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COMMITMENTS AND CONTINGENCIES
9 Months Ended
Sep. 29, 2013
Commitments and Contingencies Disclosure [Abstract] '
COMMITMENTS AND CONTINGENCIES '
COMMITMENTS AND CONTINGENCIES
The Company is subject to various claims, possible legal actions, and other matters arising out of the normal course of business. While it is not possible to predict the outcome of these issues, management is of the opinion that adequate provision for potential losses has been made in the accompanying consolidated financial statements and that the ultimate resolution of these matters will not have a material adverse effect on the Company’s financial position, results of operations or cash flows.
On May 24, 2012, the Company was named as a defendant in a class action lawsuit alleging certain violations of the Fair Labor Standards Act as well as certain Iowa wage and hours laws. Since that time the Company has answered the complaint and worked with the plaintiff to address the potential violations. While the Company believes that it has meritorious defenses to these allegations, the Company determined that working towards a settlement in this particular case was in its best interest. On May 31, 2013, the parties signed a negotiated settlement agreement and the court granted preliminary approval of the settlement on September 5, 2013. Based on the current status of the case, the Company does not foresee a material impact to the financial statements as a result of any potential future payments.
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SUBSEQUENT EVENTS
9 Months Ended
Sep. 29, 2013
Subsequent Events [Abstract] '
SUBSEQUENT EVENTS '
SUBSEQUENT EVENTS

On October 23, 2013, the Board of Directors of the Company approved the terms of a new share repurchase plan (the “2013 Share Repurchase Plan”) to replace the repurchase plan adopted in 2012. Under the 2013 Share Repurchase Plan, the Company is authorized to repurchase up to $20 million of its common shares in open market and privately negotiated transactions in accordance with Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The 2013 Share Repurchase Plan was declared effective October 23, 2013, is subject to the Company’s pre-existing blackout periods, and expires on December 28, 2014.
The timing and number of shares to be repurchased pursuant to the 2013 Share Repurchase Plan are subject to a number of factors, including legal constraints, available cash and covenants under the Company’s credit agreement that limit share repurchases based on a defined leverage ratio as described in Note 3. Common shares may be repurchased in the open market or through privately negotiated transactions at times and prices considered appropriate by the Company. The Company will make the determination to repurchase shares based on several factors, including an evaluation of current and future capital needs associated with new restaurant development, current and forecasted cash flows, an ongoing review of its capital structure and cost of capital, its share price and current market conditions.
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NET INCOME PER SHARE (Tables)
9 Months Ended
Sep. 29, 2013
Earnings Per Share [Abstract] '
Computations of Basic and Diluted Earnings Per Common Share '
At September 29, 2013 and September 23, 2012, all outstanding stock options and restricted stock were included in the dilutive calculation.
(in thousands, except per share data)
 
 
Thirteen Weeks Ended
 
Thirty-Nine Weeks Ended
 
September 29,
2013
 
September 23,
2012
 
September 29,
2013
 
September 23,
2012
Net income
$
2,249

 
$
2,827

 
$
10,210

 
$
11,706

Weighted average common shares outstanding
19,525

 
19,618

 
19,574

 
19,558

Effect of dilutive securities:
 
 
 
 
 
 
 
Stock options
819

 
958

 
838

 
998

Restricted stock
95

 
73

 
57

 
61

Weighted average common and potentially issuable common shares outstanding—diluted
20,439

 
20,649

 
20,469

 
20,617

Basic net income per common share
$
0.12

 
$
0.14

 
$
0.52

 
$
0.60

Diluted net income per common share
$
0.11

 
$
0.14

 
$
0.50

 
$
0.57

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LONG-TERM DEBT (Tables)
9 Months Ended
Sep. 29, 2013
Debt Disclosure [Abstract] '
Components of Long-Term Debt '
Long-term debt at September 29, 2013 and December 30, 2012 consisted of the following (in thousands):
 
 
September 29, 2013
 
December 30, 2012
Total term loan
$
16,214

 
$
23,086

Less current maturities
2,082

 
2,704

Long-term debt
$
14,132

 
$
20,382

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STOCK BASED COMPENSATION (Tables)
9 Months Ended
Sep. 29, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] '
Summary of Stock Option Activity '
Stock option activity for the thirty-nine weeks ended September 29, 2013 is summarized as follows:
 
 
Number
of Shares
 
Weighted Average
Exercise Price
Outstanding at December 30, 2012
992,192

 
$
1.45

Exercised
(52,489
)
 
$
1.45

Granted

 
$

Forfeited

 
$

Outstanding at September 29, 2013
939,703

 
$
1.45

Exercisable at September 29, 2013
939,703

 
$
1.45

Restricted Stock Activity '
Restricted stock activity for the thirty-nine weeks ended September 29, 2013 is summarized as follows:
 
 
Number of
Shares
 
Weighted-
Average Grant
Date Fair  Value
Outstanding at December 30, 2012
345,312

 
$
18.19

Granted
152,400

 
$
14.84

Vested
(38,375
)
 
$
19.85

Forfeited
(17,549
)
 
$
17.14

Outstanding at September 29, 2013
441,788

 
$
16.93

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Basis of Presentation (Details) (Detail)
9 Months Ended
Sep. 29, 2013
State
Restaurant
Significant Accounting Policies [Line Items] '
Aggregate number of restaurant operated by company 104
Number of states where restaurants are operated 31
Aggregate number of restaurant operated under management agreement 1
Bravo Cucina Italiana '
Significant Accounting Policies [Line Items] '
Aggregate number of restaurant operated by company 47
Brio Tuscan Grille '
Significant Accounting Policies [Line Items] '
Aggregate number of restaurant operated by company 56
Bon Vie '
Significant Accounting Policies [Line Items] '
Aggregate number of restaurant operated by company 1
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Computations of Basic and Diluted Earnings Per Common Share (Detail) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 29, 2013
Sep. 23, 2012
Sep. 29, 2013
Sep. 23, 2012
Earnings Per Share [Abstract] ' ' ' '
Net income $ 2,249 $ 2,827 $ 10,210 $ 11,706
Weighted average common shares outstanding 19,525 19,618 19,574 19,558
Effect of dilutive securities: ' ' ' '
Stock options 819 958 838 998
Restricted stock 95 73 57 61
Weighted average common and potentially issuable common shares outstanding—diluted 20,439 20,649 20,469 20,617
Basic net income per common share $ 0.12 $ 0.14 $ 0.52 $ 0.6
Diluted net income per common share $ 0.11 $ 0.14 $ 0.5 $ 0.57
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Components of Long-Term Debt (Detail) (USD $)
In Thousands, unless otherwise specified
Sep. 29, 2013
Dec. 30, 2012
Debt Disclosure [Abstract] ' '
Total term loan $ 16,214 $ 23,086
Current portion of long-term debt 2,082 2,704
Long-term debt $ 14,132 $ 20,382
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Long-Term Debt - Additional Information (Detail) (USD $)
Sep. 29, 2013
Oct. 26, 2010
Debt Instrument [Line Items] ' '
Increased credit facility ' $ 20,000,000
Minimum ' '
Debt Instrument [Line Items] ' '
Pay an unused facility fee ' 0.50%
Maximum ' '
Debt Instrument [Line Items] ' '
Pay an unused facility fee ' 0.75%
Term Loan Facility ' '
Debt Instrument [Line Items] ' '
Term loan facility ' 45,000,000
Term loan facility, maturing ' '2015
Revolving Credit Facility ' '
Debt Instrument [Line Items] ' '
Term loan facility ' 40,000,000
Term loan facility, maturing ' '2015
Letter of Credit ' '
Debt Instrument [Line Items] ' '
Sublimit cap ' 10,000,000
Maximum standby letters of credit 2,400,000 '
Swing-line loans ' '
Debt Instrument [Line Items] ' '
Sublimit cap ' $ 10,000,000
Alternate Base Rate | Minimum ' '
Debt Instrument [Line Items] ' '
Applicable margin ' 1.75%
Alternate Base Rate | Maximum ' '
Debt Instrument [Line Items] ' '
Applicable margin ' 2.25%
Libor | Minimum ' '
Debt Instrument [Line Items] ' '
Applicable margin ' 2.75%
Libor | Maximum ' '
Debt Instrument [Line Items] ' '
Applicable margin ' 3.25%
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Summary of Stock Option Activity (Detail) (Equity Option, USD $)
9 Months Ended
Sep. 29, 2013
Equity Option '
Stock option activity '
Number of Shares Outstanding - beginning of year 992,192
Weighted average exercise price outstanding - beginning of year $ 1.45
Number of shares, Exercised (52,489)
Weighted average exercise price, Exercised $ 1.45
Number of shares, Granted 0
Weighted average exercise price, Granted $ 0
Number of shares, Forfeited 0
Weighted average exercise price, Forfeited $ 0
Number of Shares Outstanding - end of year 939,703
Weighted average exercise price Outstanding - ending of year $ 1.45
Exercisable - end of year 939,703
Weighted Average Exercise Price Exercisable - end of period $ 1.45
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Stock Based Compensation - Additional Information (Detail) (USD $)
9 Months Ended
Sep. 29, 2013
Sep. 23, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] ' '
Stock compensation costs related to the shares of restricted stock $ 2,138,000 $ 1,723,000
Number of years to vest restricted shares '4 years '
Equity Option ' '
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] ' '
Weighted-average remaining contractual term '3 years 2 months 12 days '
Aggregate intrinsic value for outstanding and exercisable options 12,900,000 '
Number of shares, Granted 0 '
Restricted Stock ' '
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] ' '
Weighted-average remaining contractual term '2 years 2 months 12 days '
Number of shares, Granted 152,400 '
Weighted-average grant date fair value, Granted $ 14.84 '
Stock compensation costs related to the shares of restricted stock 2,100,000 '
Unrecognized stock-based compensation expense related to non-vested shares of restricted stock $ 5,500,000 '
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Restricted Stock Activity (Detail) (Restricted Stock, USD $)
9 Months Ended
Sep. 29, 2013
Restricted Stock '
Restricted stock activity '
Number of Shares Outstanding - beginning of year 345,312
Weighted-average grant date fair value, Outstanding $ 18.19
Number of shares, Granted 152,400
Weighted-average grant date fair value, Granted $ 14.84
Number of shares, Vested (38,375)
Weighted-average grant date fair value, Vested $ 19.85
Number of shares, Forfeited (17,549)
Weighted-average grant date fair value, Forfeited $ 17.14
Number of Shares Outstanding - end of Period 441,788
Weighted-average exercise price $ 16.93
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Income Taxes - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified
Sep. 29, 2013
Dec. 30, 2012
Income Tax Disclosure [Abstract] ' '
Deferred tax assets, net $ 51.8 $ 54.4
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Subsequent Events (Details) (Subsequent Event, USD $)
In Millions, unless otherwise specified
0 Months Ended
Oct. 23, 2013
Subsequent Event '
Subsequent Event [Line Items] '
Stock repurchase program, authorized amount $ 20
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