0001193125-16-572150.txt : 20160502 0001193125-16-572150.hdr.sgml : 20160502 20160502131859 ACCESSION NUMBER: 0001193125-16-572150 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 44 CONFORMED PERIOD OF REPORT: 20160329 FILED AS OF DATE: 20160502 DATE AS OF CHANGE: 20160502 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BJs RESTAURANTS INC CENTRAL INDEX KEY: 0001013488 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] IRS NUMBER: 330485615 STATE OF INCORPORATION: CA FISCAL YEAR END: 1230 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-21423 FILM NUMBER: 161610911 BUSINESS ADDRESS: STREET 1: 7755 CENTER AVENUE STREET 2: SUITE 300 CITY: HUNTINGTON BEACH STATE: CA ZIP: 92647 BUSINESS PHONE: (714) 500-2440 MAIL ADDRESS: STREET 1: 7755 CENTER AVENUE STREET 2: SUITE 300 CITY: HUNTINGTON BEACH STATE: CA ZIP: 92647 FORMER COMPANY: FORMER CONFORMED NAME: CHICAGO PIZZA & BREWERY INC DATE OF NAME CHANGE: 19960614 10-Q 1 d134841d10q.htm FORM 10-Q Form 10-Q
Table of Contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

/X/ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Quarterly Period Ended March 29, 2016

OR

/  / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                          to           

Commission file number 0-21423

BJ’S RESTAURANTS, INC.

(Exact name of registrant as specified in its charter)

 

California    33-0485615

(State or other jurisdiction of

incorporation or organization)

  

(I.R.S. Employer

Identification Number)

7755 Center Avenue, Suite 300

Huntington Beach, California 92647

(714) 500-2400

(Address, including zip code, and telephone number, including

area code, of registrant’s principal executive offices)

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  þ  No  ¨.

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate website, if any, every interactive data file required to be submitted and posted pursuant to Rule 405 of Regulation S-T (section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  Yes þ No ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See definition of “accelerated filer,” “large accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

 

þ    Large accelerated filer    ¨    Accelerated filer
¨    Non-accelerated filer (do not check if smaller reporting company)    ¨    Smaller reporting company

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ¨    No þ.

As of April 29, 2016, there were 24,125,737 shares of Common Stock of the Registrant outstanding.


Table of Contents

BJ’S RESTAURANTS, INC.

TABLE OF CONTENTS

 

         Page  

PART I.

 

 FINANCIAL INFORMATION

  

Item 1.

 

 Consolidated Financial Statements

  
 

     Consolidated Balance Sheets –
March 29, 2016 (Unaudited) and December 29, 2015

     1   
 

     Unaudited Consolidated Statements of Income –
Thirteen Weeks Ended March 29, 2016 and March 31, 2015

     2   
 

     Unaudited Consolidated Statements of Cash Flows –
Thirteen Weeks Ended March 29, 2016 and March 31, 2015

     3   
 

     Notes to Unaudited Consolidated Financial Statements

     4   

Item 2.

 

Management’s Discussion and Analysis of Financial Condition and Results of Operations

     9   

Item 3.

 

Quantitative and Qualitative Disclosures about Market Risk

     18   

Item 4.

 

Controls and Procedures

     18   

PART II.

 

  OTHER INFORMATION

  

Item 1.

 

 Legal Proceedings

     19   

Item 1A.

 

 Risk Factors

     19   

Item 2.

 

  Unregistered Sales of Equity Securities and Use of Proceeds

     19   

Item 6.

 

 Exhibits

     20   
 

 SIGNATURES

     21   


Table of Contents

PART I. FINANCIAL INFORMATION

Item 1. CONSOLIDATED FINANCIAL STATEMENTS

BJ’S RESTAURANTS, INC.

CONSOLIDATED BALANCE SHEETS

(In thousands)

 

           March 29,      
2016
       December 29,  
2015
 
     (unaudited)         

Assets

     

Current assets:

     

Cash and cash equivalents

     $26,950           $34,604     

Accounts and other receivables, net

     13,060           25,364     

Inventories, net

     9,226           8,893     

Prepaid expenses and other current assets

     5,891           7,171     

Deferred income taxes

     16,971           16,971     
  

 

 

    

 

 

 

Total current assets

     72,098           93,003     

Property and equipment, net

     572,311           561,832     

Goodwill

     4,673           4,673     

Other assets, net

     22,622           22,157     
  

 

 

    

 

 

 

Total assets

     $671,704           $681,665     
  

 

 

    

 

 

 

Liabilities and Shareholders’ Equity

     

Current liabilities:

     

Accounts payable

     $34,309           $33,033     

Accrued expenses

     85,852           83,861     
  

 

 

    

 

 

 

Total current liabilities

     120,161           116,894     

Deferred income taxes

     48,560           46,669     

Deferred rent

     28,279           27,627     

Deferred lease incentives

     53,800           53,837     

Long-term debt

     95,500           100,500     

Other liabilities

     19,787           19,655     
  

 

 

    

 

 

 

Total liabilities

     366,087           365,182     

Commitments and contingencies

     

Shareholders’ equity:

     

Preferred stock, 5,000 shares authorized, none issued or outstanding

     –           –     

Common stock, no par value, 125,000 shares authorized and 24,124 and 24,672 shares issued and outstanding as of March 29, 2016 and December 29, 2015, respectively

     –           7,367     

Capital surplus

     63,519           63,290     

Retained earnings

     242,098           245,826     
  

 

 

    

 

 

 

Total shareholders’ equity

     305,617           316,483     
  

 

 

    

 

 

 

Total liabilities and shareholders’ equity

     $671,704           $681,665     
  

 

 

    

 

 

 

See accompanying notes to unaudited consolidated financial statements.

 

1


Table of Contents

BJ’S RESTAURANTS, INC.

UNAUDITED CONSOLIDATED STATEMENTS OF INCOME

(In thousands, except per share data)

 

           For The Thirteen Weeks Ended        
     March 29, 2016      March 31, 2015  

Revenues

     $243,401            $225,069      

Costs and expenses:

     

Cost of sales

     60,640            56,171      

Labor and benefits

     84,778            79,695      

Occupancy and operating

     49,073            46,590      

General and administrative

     14,362            13,493      

Depreciation and amortization

     15,598            14,361      

Restaurant opening

     1,439            1,284      

Loss on disposal of assets and impairments

     749            383      

Legal and other settlements

     369            –      
  

 

 

    

 

 

 

Total costs and expenses

     227,008            211,977      
  

 

 

    

 

 

 

Income from operations

     16,393            13,092      
  

 

 

    

 

 

 

Other income:

     

Interest expense, net

     (387)            (241)      

Other income, net

     397            336      
  

 

 

    

 

 

 

Total other income

     10            95      
  

 

 

    

 

 

 

Income before income taxes

     16,403            13,187      

Income tax expense

     4,759            3,572      
  

 

 

    

 

 

 

Net income

     $11,644            $9,615      
  

 

 

    

 

 

 

Net income per share:

     

Basic

     $0.48            $0.37      
  

 

 

    

 

 

 

Diluted

     $0.47            $0.36      
  

 

 

    

 

 

 

Weighted average number of shares outstanding:

     

Basic

     24,278            26,310      
  

 

 

    

 

 

 

Diluted

     24,691            26,916      
  

 

 

    

 

 

 

See accompanying notes to unaudited consolidated financial statements.

 

2


Table of Contents

BJ’S RESTAURANTS, INC.

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

 

           For The Thirteen Weeks Ended        
       March 29, 2016          March 31, 2015    

Cash flows from operating activities:

     

Net income

     $11,644           $9,615     

Adjustments to reconcile net income to net cash provided by operating activities:

     

Depreciation and amortization

     15,598           14,361     

Deferred income taxes

     1,891           165     

Stock-based compensation expense

     1,550           1,259     

Loss on disposal of assets and impairments

     749           383     

Changes in assets and liabilities:

     

Accounts and other receivables

     10,715           3,401     

Landlord contribution for tenant improvements

     1,589           (2,199)     

Inventories

     (333)           187     

Prepaid expenses and other current assets

     1,150           1,483     

Other assets

     (726)           (1,756)     

Accounts payable

     252           (2,702)     

Accrued expenses

     1,991           3,495     

Deferred rent

     652           872     

Deferred lease incentives

     (37)           1,498     

Other liabilities

     132           767     
  

 

 

    

 

 

 

Net cash provided by operating activities

     46,817           30,829     

Cash flows from investing activities:

     

Purchases of property and equipment

     (25,333)           (15,750)     
  

 

 

    

 

 

 

Net cash used in investing activities

     (25,333)           (15,750)     

Cash flows from financing activities:

     

Borrowings on line of credit

     200,000           30,100     

Payments on line of credit

     (205,000)           (49,500)     

Excess tax benefit from stock-based compensation

     45           2,355     

Taxes paid on vested stock units under employee plans

     (196)           (133)     

Proceeds from exercise of stock options

     543           4,151     

Repurchases of common stock

     (24,530)           (6,774)     
  

 

 

    

 

 

 

Net cash used in financing activities

     (29,138)           (19,801)     
  

 

 

    

 

 

 

Net decrease in cash and cash equivalents

     (7,654)           (4,722)     

Cash and cash equivalents, beginning of period

     34,604           30,683     
  

 

 

    

 

 

 

Cash and cash equivalents, end of period

     $26,950           $25,961     
  

 

 

    

 

 

 

Supplemental disclosure of cash flow information:

     

Cash paid for income taxes

     $2,106           $6,336     
  

 

 

    

 

 

 

Cash paid for interest, net of capitalized interest

     $325           $175     
  

 

 

    

 

 

 

Supplemental disclosure of non-cash investing and financing activities:

     

Fixed assets acquired by accounts payable

     $11,939           $11,424     
  

 

 

    

 

 

 

Stock-based compensation capitalized

     $78           $60     
  

 

 

    

 

 

 

See accompanying notes to unaudited consolidated financial statements.

 

3


Table of Contents

BJ’S RESTAURANTS, INC.

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

 

1. BASIS OF PRESENTATION

The accompanying unaudited consolidated financial statements include the accounts of BJ’s Restaurants, Inc. (referred to herein as the “Company” or “we,” “us” and “our”) and our wholly owned subsidiaries. The financial statements presented herein include all material adjustments which are, in the opinion of management, necessary for a fair presentation of the statements of the financial condition, results of operations and cash flows for the period. Our consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. The preparation of financial statements in accordance with U.S. GAAP requires us to make certain estimates and assumptions for the reporting periods covered by the financial statements. These estimates and assumptions affect the reported amounts of assets, liabilities, revenues and expenses. Actual amounts could differ from these estimates.

Certain information and footnote disclosures normally included in consolidated financial statements in accordance with U.S. GAAP have been omitted pursuant to the U.S. Securities and Exchange Commission (“SEC”) rules. A description of our accounting policies and other financial information is included in our audited consolidated financial statements filed with the SEC on Form 10-K for the year ended December 29, 2015. The disclosures included in our accompanying interim financial statements and footnotes should be read in conjunction with our consolidated financial statements and notes thereto included in the Annual Report on Form 10-K.

Recent Accounting Pronouncements

In August 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-15, Disclosure of Uncertainties about an Entity’s Going Concern (Subtopic 205-40). This update requires management to evaluate whether there are conditions or events that raise substantial doubt about an entity’s ability to continue as a going concern within one year after the financial statements are issued. Management must disclose any doubts about the Company’s ability to continue as a going concern and whether its plans alleviate that doubt. Management is required to make this evaluation for annual periods ending after December 15, 2016, and for interim periods beginning after December 15, 2016, and early adoption is permitted. We do not believe the adoption of ASU 2014-15 will have a material impact on our consolidated financial statements.

In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs (Subtopic 835-30). This update requires debt issuance costs to be presented within the balance sheet as a direct deduction from the associated debt liability. Currently, certain debt issuance costs are recorded as an asset and amortized to interest expense. Under the new standard, debt issuance costs will continue to be amortized over the life of the debt instrument and amortization will continue to be recorded in interest expense. ASU 2015-03 became effective during the current quarter. The adoption of this standard did not have a material impact on our consolidated financial statements.

In July 2015, the FASB issued ASU 2015-11, Inventory: Simplifying the Measurement of Inventory (Topic 330). This update provides guidance on the subsequent measurement of inventory, which changes the measurement from lower of cost or market to lower of cost and net realizable value. This update defines net realizable value as the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation, and is effective for annual and interim periods beginning after December 15, 2016. The adoption of this update is not expected to have a material impact on our consolidated financial statements.

In November 2015, the FASB issued ASU 2015-17, Balance Sheet Classification of Deferred Taxes (Topic 740). This update requires that deferred tax liabilities and assets be classified as noncurrent in a classified balance sheet. This update is effective for annual and interim periods beginning after December 15, 2016, and early adoption is permitted. Other than the revised balance sheet presentation of deferred tax liabilities and assets, we do not expect the adoption of this guidance to have a material impact on our consolidated financial statements.

In January 2016, the FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities (Subtopic 825-10). Among other requirements, this guidance requires separate presentation of financial assets and financial liabilities

 

4


Table of Contents

by measurement category and form of financial asset on the balance sheet. This presentation provides financial statement users with more decision-useful information about an entity’s involvement in financial instruments. ASU 2016-01 is effective for annual and interim reporting periods beginning after December 15, 2017. We are currently evaluating the impact this guidance will have on our consolidated financial statements.

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). This guidance requires recognition of most leases on the balance sheets to give investors, lenders, and other financial statement users a more comprehensive view of a company’s long-term financial obligations as well as the assets it owns versus leases. ASU 2016-02 will be effective for fiscal years beginning after December 15, 2018, and for interim periods within those fiscal years. Currently, all of our restaurant and our restaurant support center leases are accounted for as operating leases, and therefore are not recorded within our balance sheet. We are currently evaluating the impact that this guidance will have on our consolidated financial statements as well as the expected adoption method.

In March 2016, the FASB issued ASU 2016-04, Recognition of Breakage for Certain Prepaid Stored-Value Products (Subtopic 405-20). This guidance defines liabilities related to the sale of prepaid stored-value products as financial liabilities and requires that breakage for those liabilities be accounted for consistent with the breakage guidance in Topic 606 (Principal versus Agent Considerations). ASU 2016-04 is effective for annual and interim reporting periods beginning after December 15, 2017. We are currently evaluating the impact that this guidance will have on our consolidated financial statements.

In March 2016, the FASB issued ASU 2016-08, Revenue from Contracts with Customers Topic 606 (Principal versus Agent Considerations). This update clarifies how to implement revenue recognition guidance related to determining whether an entity is a principal or an agent in a revenue transaction. The guidance requires an entity to determine whether the nature of its promise is to provide goods or services to its customer (the entity is a principal) or to arrange for goods or services to be provided to the customer by the other parties (the entity is an agent). This determination is based upon whether the entity controls the goods or the services before it is transferred to the customer. An entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2016-08 is effective for annual and interim reporting periods beginning after December 15, 2017, and early application is permitted. This update permits the use of either the retrospective or cumulative effect transition method. We are currently evaluating the impact this standard will have on our consolidated financial statements.

In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting (Topic 718). This guidance will change how companies account for certain aspects of share-based payments to employees. They will have to recognize all income tax effects of awards in the income statement when the awards vest or are settled, and additional paid-in capital (“APIC”) pools will be eliminated. The guidance on employer’s accounting for an employee’s use of shares to satisfy the employer’s statutory income tax withholding obligation and for forfeitures is changing, and two practical expedients for nonpublic entities have been added. ASU 2016-09 is effective for annual and interim reporting periods beginning after December 15, 2016, and early adoption is permitted. We are currently evaluating the impact this guidance will have on our consolidated financial statements.

In April 2016, the FASB issued ASU 2016-10, an amendment to ASU 2014-09, Revenue from Contracts with Customers (Topic 606). This guidance provides a comprehensive new revenue recognition model that requires a company to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. Additionally, this guidance expands related disclosure requirements. The amendment addressed the potential for diversity in practice at initial application. ASU 2016-10 is effective for annual and interim reporting periods beginning after December 15, 2017, and early application is permitted. This update permits the use of either the retrospective or cumulative effect transition method. We are currently evaluating the impact this standard will have on our consolidated financial statements as well as the expected adoption method.

 

2. LONG-TERM DEBT

Line of Credit

On September 3, 2014, we entered into a new loan agreement (“Credit Facility”) which amended and restated in its entirety our prior loan agreement dated February 17, 2012. This Credit Facility, which matures on September 3, 2019, provides us with revolving loan

 

5


Table of Contents

commitments totaling $150 million, of which $50 million may be used for issuances of letters of credit. Availability under the Credit Facility is reduced by outstanding letters of credit, which are used to support our self-insurance programs. The Credit Facility contains a commitment increase feature that could provide for an additional $50 million in available credit upon our request and the satisfaction of certain conditions. Our obligations under the Credit Facility are unsecured. As of March 29, 2016, there were borrowings of $95.5 million outstanding under the Credit Facility and there were outstanding letters of credit totaling approximately $15.0 million. Available borrowings under the Credit Facility were $39.5 million as of March 29, 2016. The Credit Facility bears interest at either our choice of LIBOR plus a percentage not to exceed 1.75%, or at a rate ranging from Bank of America’s publicly announced prime rate to 0.75% above Bank of America’s prime rate, based on our level of lease and debt obligations as compared to EBITDA and lease expenses. During the quarter ended March 29, 2016, interest paid on the borrowings under the Credit Facility was approximately $0.4 million. The weighted average interest rate was approximately 1.44%.

The Credit Facility contains provisions requiring us to maintain compliance with certain covenants, including a Fixed Charge Coverage Ratio and a Lease Adjusted Leverage Ratio. At March 29, 2016, we were in compliance with these covenants.

We capitalized approximately $0.04 million of interest expense related to new restaurant openings and major remodels during both the thirteen weeks ended March 29, 2016, and March 31, 2015, respectively.

 

3. NET INCOME PER SHARE

Basic net income per share is computed by dividing the net income attributable to common shareholders by the weighted average number of common shares outstanding during the period. Diluted net income per share reflects the potential dilution that could occur if stock options issued by us to sell common stock at set prices were exercised and if restrictions on restricted stock units issued by us were to lapse (collectively, equity awards) using the treasury stock method. Performance-based restricted stock units have been excluded from the diluted income per share computation because the performance-based criteria have not been met.

The following table presents a reconciliation of basic and diluted net income per share, including the number of dilutive equity awards (stock options and restricted stock units) that were included in the dilutive net income per share computation (in thousands):

 

     For The Thirteen Weeks Ended  
       March 29, 2016          March 31, 2015    

Numerator:

     

Net income

     $11,644          $9,615    
  

 

 

    

 

 

 

Denominator:

     

Weighted-average shares outstanding – basic

     24,278          26,310    

Dilutive effect of equity awards

     413          606    
  

 

 

    

 

 

 

Weighted-average shares outstanding – diluted

     24,691          26,916    
  

 

 

    

 

 

 

For the thirteen weeks ended March 29, 2016 and March 31, 2015, there were approximately 0.3 million and 0.1 million shares of common stock equivalents, respectively, that have been excluded from the calculation of diluted net income per share because they are anti-dilutive.

 

4. RELATED PARTY

The Jacmar Companies and their affiliates (collectively referred to herein as “Jacmar”) are shareholders of ours and James Dal Pozzo, the Chief Executive Officer of Jacmar, is a member of our Board of Directors. Jacmar, through its affiliation with DMA, is currently our largest supplier of food, beverage, paper products and supplies. We began using DMA for our national foodservice distribution in July 2006. In July 2012, we finalized a new five-year agreement with DMA, after conducting another extensive competitive bidding process. Jacmar services our restaurants in California and Nevada, while other DMA distributors service our restaurants in all other states. Jacmar supplied us with $22.3 million and $21.6 million of food, beverage, paper products and supplies for the thirteen weeks ended March 29, 2016 and March 31, 2015, respectively, which represents 20.3% and 21.1% of our total costs of sales and operating and occupancy costs, respectively. We had trade payables related to these products of $5.7 million and $4.3 million, at March 29, 2016 and December 29, 2015, respectively. Jacmar does not provide us with any produce, liquor, wine or beer products, all of which are provided by other third party vendors and are included in “Cost of sales” on the Consolidated Statements of Income.

 

6


Table of Contents
5. STOCK-BASED COMPENSATION

Our current shareholder approved stock-based compensation plan is the 2005 Equity Incentive Plan (“the Plan”). Under the Plan, we may issue shares of our common stock to employees, officers, directors and consultants. We have granted incentive stock options, non-qualified stock options, and performance and time-based restricted stock units. Stock options and stock appreciation rights are charged against the Plan share reserve on the basis of one share for each one share granted. Other types of grants, including restricted stock units (“RSUs”), are currently charged against the Plan share reserve on the basis of 1.5 shares for each one share granted. The Plan also contains other limits on the terms of incentive grants such as limits on the number that can be granted to an employee during any fiscal year. All options granted under the Plan expire within 10 years of their date of grant.

Under the Plan, we issue time-based and performance-based RSUs and stock options to officers. We issue time-based RSUs and stock options to other support employees. We also issue time-based RSUs and stock options in connection with the BJ’s Gold Standard Stock Ownership Program (the “GSSOP”). The GSSOP is a long-term equity incentive program for our restaurant general managers, executive kitchen mangers and restaurant field supervision. GSSOP grants are dependent on the length of each participant’s service with us (at least five years) and position. All GSSOP participants must remain in good standing during their service period.

The Plan permits us to set the vesting terms and exercise period for awards at our discretion. Stock options generally vest ratably over 3 or 5 years, cliff vest at 3 or 5 years, or vest at 33% on the third anniversary and 67% on the fifth anniversary, and expire ten years from date of grant. Time-based RSUs generally vest ratably over three or five years for non-GSSOP RSU grantees and generally cliff vest either at 33% on the third anniversary and 67% on the fifth anniversary or at 100% after the fifth anniversary for GSSOP participants. Performance-based RSUs generally cliff vest on the third anniversary of the date of grant in a quantity that is dependent on the level of target achievement.

The following table presents information related to stock-based compensation (in thousands):

 

   

For The Thirteen Weeks Ended

   

  March 29, 2016  

     

    March 31, 2015    

Labor and benefits

  $403        $339   

General and administrative

  $1,147        $920   

Capitalized (1)

  $78        $60   

 

  (1) Capitalized stock-based compensation relates to our restaurant development personnel and is included in “Property and equipment, net” on the Consolidated Balance Sheets.

Stock Options

The fair value of each stock option grant issued is estimated at the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions:

 

   

For the Thirteen Weeks Ended

   

  March 29, 2016  

     

  March 31, 2015  

Expected volatility

  35.9%       37.1%  

Risk free interest rate

  1.5%       1.4%  

Expected option life

  5 years       5 years  

Dividend yield

  0%       0%  

Fair value of options granted

  $14.37       $16.45  

The exercise price of the stock options under our stock-based compensation plan is required to equal or exceed the fair market value of the shares on the option grant date. The following table represents stock option activity:

 

    Options Outstanding   Options Exercisable
      Shares  
  (in thousands)
 

    Weighted    
Average
Exercise

Price

    Shares  
  (in thousands)
 

    Weighted    
Average
Exercise

Price

Outstanding at December 29, 2015

  1,224   $30.59   729   $25.41  

Granted

  120   $42.48    

Exercised

  (16)   $33.00    

Forfeited

  (11)   $39.92    
 

 

Outstanding at March 29, 2016

  1,317   $31.56   809   $26.75  
 

 

 

7


Table of Contents

As of March 29, 2016, total unrecognized stock-based compensation expense related to non-vested stock options was $5.4 million, which is generally expected to be recognized over the next five years.

Restricted Stock Units

Time-Based Restricted Stock Units

Time-based restricted stock unit activity was as follows:

 

   

Shares

  (in thousands) 

      

Weighted

Average

Fair Value    

 

 

Outstanding at December 29, 2015

  429      $39.63 

Granted

  66      $42.51 

Vested or released

  (25)      $38.95 

Forfeited

  (11)      $43.60 
 

 

Outstanding at March 29, 2016

  459      $39.98 
 

 

The fair value of our time-based RSUs is the quoted market value of our common stock on the date of grant. The fair value of each time-based RSU is expensed over the vesting period (e.g., five years). As of March 29, 2016, total unrecognized stock-based compensation expense related to non-vested RSUs was approximately $9.9 million, which is generally expected to be recognized over the next five years.

Performance-Based Restricted Stock Units

Performance-based restricted stock unit activity was as follows:

 

   

Shares

  (in thousands) 

      

Weighted

Average

 Fair Value    

 
 

 

 

Outstanding at December 29, 2015

  29         $32.49    

Granted

  32         $42.41    

Vested or released

  –         $       –    

Forfeited

  –         $       –    
 

 

 

Outstanding at March 29, 2016

  61         $37.70    
 

 

 

The fair value of our performance-based RSUs is the quoted market value of our common stock on the date of grant. The fair value of each performance-based RSU is recognized when it is probable the performance goal will be achieved. As of March 29, 2016, total unrecognized stock-based compensation expense related to non-vested performance-based RSUs was approximately $1.3 million, which is generally expected to be recognized over the next three years.

 

6. INCOME TAXES

We calculate our interim income tax provision in accordance with ASC Topic 270, Interim Reporting and ASC Topic 740, Accounting for Income Taxes. At the end of each interim period, we estimate the annual effective tax rate and apply that rate to our year to date earnings. The related tax expense or benefit is recognized in the interim period in which it occurs. In addition, the effect of changes in enacted tax laws, rates or tax status is recognized in the interim period in which the change occurs. The computation of the annual estimated effective tax rate at each interim period requires certain estimates and significant judgment including the expected operating income for the year, permanent and temporary differences as a result of differences between amounts measured and recognized in accordance with tax laws and financial accounting standards, and the likelihood of recovering deferred tax assets generated in the current fiscal year. The accounting estimates used to compute income tax expense may change as new events occur, additional information is obtained or the tax environment changes.

 

8


Table of Contents

As of March 29, 2016, unrecognized tax benefits recorded was approximately $3.1 million, of which approximately $0.8 million, if reversed, would impact our effective tax rate. We anticipate a decrease of $1.8 million to our liability for unrecognized tax benefits within the next twelve-month period due to an expected change in tax accounting method that requires us to obtain IRS approval. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):

 

Balance at December 29, 2015

     $ 2,998     

Increase for tax positions taken in current period

       105     
  

 

 

 

Balance at March 29, 2016

     $ 3,103     
  

 

 

 

Our uncertain tax positions are related to tax years that remain subject to examination by tax agencies. As of March 29, 2016, the earliest tax year subject to examination by the Internal Revenue Service is 2012. The earliest year subject to examination by a significant state or local taxing jurisdiction is 2011.

 

7. LEGAL PROCEEDINGS

We are subject to private lawsuits, administrative proceedings and demands that arise in the ordinary course of our business and which typically involve claims from customers, employees and others related to operational, employment, real estate and intellectual property issues common to the foodservice industry. A number of these claims may exist at any given time. We are self-insured for a portion of our general liability and our employee workers’ compensation requirements. We maintain coverage with a third party insurer to limit our total exposure. We believe that most of our customer claims will be covered by our general liability insurance, subject to coverage limits and the portion of such claims that are self-insured. Punitive damages awards and employee unfair practice claims, however, are not covered by our general liability insurance. To date, we have not been ordered to pay punitive damages with respect to any claims, but there can be no assurance that punitive damages will not be awarded with respect to any future claims. We could be affected by adverse publicity resulting from allegations in lawsuits, claims and proceedings, regardless of whether these allegations are valid or whether we are ultimately determined to be liable. We currently believe that the final disposition of these types of lawsuits, proceedings and claims will not have a material adverse effect on our financial position, results of operations or liquidity. It is possible, however, that our future results of operations for a particular quarter or fiscal year could be impacted by changes in circumstances relating to lawsuits, proceedings or claims.

 

8. STOCK REPURCHASES

During the thirteen weeks ended March 29, 2016, we repurchased and retired approximately 0.6 million shares of our common stock at an average price of $41.76 per share for a total of $24.5 million, which is recorded as a reduction in common stock, with any excess change to retained earnings. As of March 29, 2016, approximately $29.9 million remains available for additional repurchases under our authorized repurchase program.

Item 2.  MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

STATEMENT REGARDING FORWARD-LOOKING DISCLOSURE

Certain information included in this Form 10-Q and other filings with the Securities and Exchange Commission, in our press releases, in other written communications, and in oral statements made by or with the approval of one of our authorized officers may contain “forward-looking” statements about our current and expected performance trends, growth plans, business goals and other matters. Words or phrases such as “believe,” “plan,” “will likely result,” “expect,” “intend,” “will continue,” “is anticipated,” “estimate,” “project,” “may,” “could,” “would,” “should,” and similar expressions are intended to identify “forward-looking” statements. These statements, and any other statements that are not historical facts, are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995, as codified in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended from time to time (the “Act”). The cautionary statements made in this Form 10-Q should be read as being applicable to all related “forward-looking” statements wherever they appear in this Form 10-Q.

 

9


Table of Contents

The following discussion and analysis should be read in conjunction with our consolidated financial statements and notes thereto included elsewhere in this Form 10-Q. Except for the historical information contained herein, the discussion in this Form 10-Q contains certain “forward-looking” statements that involve known and unknown risks and uncertainties, such as statements of our plans, objectives, expectations and intentions. The risks described in this Form 10-Q, as well as the risks identified in Item 1A of our Annual Report on Form 10-K for the fiscal year ended December 29, 2015, are not the only risks we face. These statements reflect our current perspectives and outlook with respect to the Company’s future expansion plans, key business initiatives, expected operating conditions and other factors. Moreover, we operate in a very competitive and rapidly changing environment, and new risks emerge from time to time. Additional risks and uncertainties that we are currently unaware of, or that we currently deem immaterial, also may become important factors that affect us. It is not possible for us to predict the impact of all of these factors on our business, financial condition or results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any “forward-looking” statements. Given the volatility of the operating environment and its associated risks and uncertainties, investors should not rely on “forward-looking” statements as any prediction or guarantee of actual results.

“Forward-looking” statements include, among others, statements concerning:

 

    our restaurant concept, its competitive advantages and our strategies for its continued evolution and expansion;
    the rate and scope of our planned future restaurant development;
    the estimated total domestic capacity for our restaurants;
    anticipated dates on which we will commence or complete the development and opening of new restaurants;
    expectations for consumer spending on casual dining restaurant occasions;
    the availability and cost of key commodities used in our restaurants and brewing operations;
    planned menu price increases and their effect, if any, on revenue and results of operations;
    the projected effectiveness of our planned operational, menu, marketing and capital expenditure initiatives;
    expected capital requirements and actual or available borrowings on our line of credit;
    projected revenues, operating costs and expenses; and
    other statements of expectations, beliefs, future plans and strategies, anticipated developments and other matters that are not historical facts.

These “forward-looking” statements are subject to risks and uncertainties, including financial, regulatory, consumer behavior, demographic, industry growth and trend projections, that could cause actual events or results to differ materially from those expressed or implied by the statements. Some, but not all, significant factors that could prevent us from achieving our stated goals include, but are not limited to:

 

    Failure to maintain a favorable image, credibility and the value of the BJ’s brand and our reputation for offering customers a higher quality more differentiated total dining experience at a good value.
    Our inability or failure to recognize, respond to and effectively manage the accelerated impact of social media could adversely impact our business.
    Any deterioration in general economic conditions may affect consumer spending and may adversely affect our revenues, operating results and liquidity.
    Any deterioration in general economic conditions could also have a material adverse impact on our landlords or on businesses neighboring our locations, which could adversely affect our revenues and results of operations.
    If we do not successfully expand our restaurant operations, our growth rate and results of operations would be adversely affected.
    Our ability to open new restaurants on schedule in accordance with our targeted capacity growth rate may be adversely affected by delays or problems associated with securing suitable restaurant locations, leases and licenses, recruiting and training qualified managers and hourly employees and by other factors, some of which are beyond our control and difficult to forecast accurately.
    Access to sources of capital and our ability to raise capital in the future may be limited, which could adversely affect our business and our expansion plans.
    Any failure of our existing or new restaurants to achieve expected results could have a negative impact on our consolidated revenues and financial results, including a potential impairment of the long-lived assets of certain restaurants.

 

10


Table of Contents
    Our growth may strain our infrastructure and resources, which could slow our development of new restaurants and adversely affect our ability to manage our existing restaurants.
    Any decision to either reduce or accelerate the pace of openings may positively or adversely affect our comparative financial performance.
    Our costs to construct new restaurants are susceptible to both material and labor cost fluctuations which could adversely affect our return on investment results for new restaurants.
    Our future operating results may fluctuate significantly due to the expenses required opening new restaurants.
    A significant number of our restaurants are concentrated in California, Texas and Florida, which makes us particularly sensitive to economic, regulatory, weather and other risk factors and conditions that are more prevalent in those states.
    Our operations are susceptible to changes in our food, labor and related employee benefits (including, but not limited to, group health insurance coverage for our employees), brewing and energy supplies which could adversely affect our profitability.
    Negative publicity about us, our restaurants, other restaurants, or others across the food supply chain, due to food borne illness or other reasons, whether or not accurate, could adversely affect the reputation and popularity of our restaurants and our results of operations.
    Our dependence on independent third party brewers and manufacturers for some of our beer could have an adverse effect on our operations if they cease to supply us with our proprietary craft beer.
    Our internal brewing, independent third party brewing and beer distribution arrangements are subject to periodic reviews and audits by various federal, state and local governmental and regulatory agencies and could be adversely affected by different interpretations of the laws and regulations that govern such arrangements or by new laws and regulations.
    Government laws and regulations affecting the operation of our restaurants, including but not limited to those that apply to the acquisition and maintenance of our brewing and retail liquor licenses, minimum wages, federal or state exemption rules, consumer health and safety, health insurance coverage, or other employment benefits such as paid time off, nutritional disclosures, and employment eligibility-related documentation requirements could increase our operating costs, cause unexpected disruptions to our operations and restrict our growth.
    We are heavily dependent on information technology in our operations as well as with respect to our customer loyalty and employee engagement programs. Any material failure of such technology, including but not limited to cyber-attacks, could adversely affect our revenues and impair our ability to efficiently operate our business.
    Unsolicited takeover proposals, governance change proposals, proxy contests and certain proposals/actions by activist investors may create additional risks and uncertainties with respect to the Company’s financial position, operations, strategies and management, and may adversely affect our ability to attract and retain key employees. Any perceived uncertainties as to our future direction also could affect the market price and volatility of our securities.
    Any failure to complete stock repurchases under our previously announced repurchase program may negatively impact investor perceptions of us and could therefore affect the market price and volatility of our stock.

For a more detailed description of these risk factors and other considerations, see Part II, Item 1A – “Risk Factors” of this Form 10-Q and the risk factors identified in Item 1A of our Annual Report on Form 10-K for the fiscal year ended December 29, 2015.

GENERAL

As of May 2, 2016, we owned and operated 175 restaurants located in the 23 states of Alabama, Arizona, Arkansas, California, Colorado, Florida, Indiana, Kansas, Kentucky, Louisiana, Maryland, Nevada, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Tennessee, Texas, Virginia and Washington. Each of our restaurants is operated either as a BJ’s Restaurant & Brewhouse®, a BJ’s Restaurant & Brewery®, a BJ’s Pizza & Grill®, or a BJ’s Grill® restaurant. Our menu features BJ’s award-winning, signature deep-dish pizza, our proprietary craft beers and other beers, as well as a wide selection of appetizers, entrées, pastas, sandwiches, specialty salads and desserts, including our Pizookie® dessert. Our proprietary craft beer is produced at several of our BJ’s Restaurant & Brewery® locations, our Temple, Texas brewpub location and by independent third party brewers using our proprietary recipes. Our BJ’s Pizza & Grill® restaurants are smaller format, full-service restaurants relative to our BJ’s Restaurant & Brewhouse® and BJ’s Restaurant & Brewery® locations and reflect the original format of the BJ’s restaurant concept that was first introduced in 1978. Currently, the BJ’s Restaurant & Brewhouse® format represents our primary future expansion vehicle. Our BJ’s Grill® restaurant is a slightly smaller footprint restaurant, compared to our BJ’s Restaurant & Brewhouse® format, featuring all the amenities of our Brewhouse locations.

 

11


Table of Contents

Our revenues are comprised of food and beverage sales at our restaurants. Revenues from restaurant sales are recognized when payment is tendered at the point of sale. Amounts paid with a credit card are recorded in accounts and other receivables until payment is collected. Revenues from our gift cards are recognized upon redemption in our restaurants. Gift card breakage is recognized as a component of “Other income, net” on our Consolidated Statements of Income. Gift card breakage is recorded when the likelihood of the redemption of the gift cards becomes remote, which is typically after 24 months from the original gift card issuance date.

In calculating comparable company-owned restaurant sales, we include a restaurant in the comparable base once it has been open for 18 months. Customer traffic for our restaurants is estimated based on individual customer checks.

Cost of sales is comprised of food and beverage costs, including the cost to produce and distribute our proprietary craft beer, soda and ciders. The components of cost of sales are variable and typically fluctuate directly with sales volumes.

Labor and benefit costs include direct hourly and management wages, bonuses and payroll taxes and fringe benefits for restaurant employees, including stock-based compensation and workers’ compensation expense that is directly related to restaurant level employees.

Occupancy and operating expenses include restaurant supplies, credit card fees, marketing costs, fixed rent, percentage rent, common area maintenance charges, utilities, real estate taxes, repairs and maintenance and other related restaurant costs.

General and administrative costs include all corporate, field supervision and administrative functions that support existing operations and provide infrastructure to facilitate our future growth. Components of this category include corporate management, field supervision and corporate hourly staff salaries and related employee benefits (including stock-based compensation expense and cash-based incentive compensation), travel and relocation costs, information systems, the cost to recruit and train new restaurant management employees, corporate rent, certain brand marketing-related expenses and legal, professional and consulting fees.

Depreciation and amortization primarily include depreciation on capital expenditures for restaurant and brewing equipment.

Restaurant opening expenses, which are expensed as incurred, consist of the costs of hiring and training the initial hourly work force for each new restaurant, travel, the cost of food and supplies used in training, grand opening promotional costs, the cost of the initial stock of operating supplies and other direct costs related to the opening of a restaurant, including rent during the construction and in-restaurant training period.

In January 2016, we closed our Century City, California restaurant, located at The Westfield Century City Mall. The mall is being significantly reconfigured and renovated, necessitating the closure of the restaurant. While we currently expect to pursue the renewal of substantially all of our expiring restaurant leases, there is no guarantee that we can mutually agree to a new lease that is satisfactory to our landlord and us or that, if renewed, rents will not increase substantially.

RESULTS OF OPERATIONS

The following table sets forth, for the periods indicated, our unaudited Consolidated Statements of Income expressed as percentages of total revenues. The results of operations for the thirteen weeks ended March 29, 2016 and March 31, 2015, are not necessarily indicative of the results to be expected for the full fiscal year. Percentages below may not reconcile due to rounding.

 

12


Table of Contents
   

For The Thirteen Weeks Ended

   

    March 29, 2016  

     

  March 31, 2015  

Revenues

  100.0%       100.0%  

Costs and expenses:

     

Cost of sales

  24.9       25.0  

Labor and benefits

  34.8       35.4  

Occupancy and operating

  20.2       20.7  

General and administrative

  5.9       6.0  

Depreciation and amortization

  6.4       6.4  

Restaurant opening

  0.6       0.6  

Loss on disposal of assets and impairments

  0.3       0.2  

Legal and other settlements

  0.2       –  
 

 

   

 

Total costs and expenses

  93.3       94.2  
 

 

   

 

Income from operations

  6.7       5.8  

Other (expense) income:

     

Interest (expense) income, net

  (0.2)       (0.1)  

Other income, net

  0.2       0.1  
 

 

   

 

Total other (expense) income

  –       –  
 

 

   

 

Income before income taxes

  6.7       5.9  

Income tax expense

  2.0       1.6  
 

 

   

 

Net income

          4.8%               4.3%  
 

 

   

 

Thirteen Weeks Ended March 29, 2016 Compared to Thirteen Weeks Ended March 31, 2015.

Revenues.  Total revenues increased by $18.3 million, or 8.1%, to $243.4 million during the thirteen weeks ended March 29, 2016, from $225.1 million during the comparable thirteen week period of 2015. The increase in revenues primarily consisted of an approximate 0.6%, or $1.2 million, increase in comparable restaurant sales, coupled with approximately $18.6 million in sales from new restaurants not yet in our comparable restaurant sales base, offset by a $1.5 million decrease in restaurant sales due to the closure of our La Jolla, California restaurant in fiscal 2015 and our Century City, California restaurant in January 2016. The increase in comparable restaurant sales resulted from an increase in the average check, menu mix and incident rates of approximately 1.8%, offset by a reduction in customer traffic of approximately 1.2%.

Cost of Sales.  Cost of sales increased by $4.5 million, or 8.0%, to $60.6 million during the thirteen weeks ended March 29, 2016, from $56.2 million during the comparable thirteen week period of 2015. This increase was primarily due to the opening of 18 new restaurants since the thirteen weeks ended March 31, 2015. As a percentage of revenues, cost of sales decreased to 24.9% for the current thirteen week period from 25.0% for the prior year comparable thirteen week period. Beginning with fiscal 2016, we no longer allocate a charge to marketing related to the food cost of certain promotional activities. As a result, cost of sales decreased by 10 basis points, compared to the prior year thirteen week period, due to lower commodity costs offset by the elimination of the aforementioned marketing food cost allocation.

Labor and Benefits.  Labor and benefit costs for our restaurants increased by $5.1 million, or 6.4%, to $84.8 million during the thirteen weeks ended March 29, 2016, from $79.7 million during the comparable thirteen week period of 2015. This increase was primarily due to the opening of 18 new restaurants since the thirteen weeks ended March 31, 2015. As a percentage of revenues, labor and benefit costs decreased to 34.8% for the current thirteen week period from 35.4% for the prior year comparable thirteen week period. The percentage decrease was primarily related to our ability to leverage the fixed component of these expenses as a result of comparable restaurant sales increases, offset by higher hourly labor related to minimum wage increases. Included in labor and benefits for the thirteen weeks ended March 29, 2016 and March 31, 2015, was approximately $0.4 million and $0.3 million, respectively, or 0.2% of revenues, of stock-based compensation expense related to equity awards granted in accordance with our Gold Standard Stock Ownership Program for certain restaurant management team members.

Occupancy and Operating.  Occupancy and operating expenses increased by $2.5 million, or 5.3%, to $49.1 million during the thirteen weeks ended March 29, 2016, from $46.6 million during the comparable thirteen week period of 2015. This increase was primarily due to the opening of 18 new restaurants since the thirteen weeks ended March 31, 2015. As a percentage of revenues, occupancy and operating expenses decreased to 20.2% for the current thirteen week period from 20.7% for the prior year comparable thirteen week period. This percentage decrease was primarily due to the change in the allocation of food cost related to certain promotional activities. Beginning with fiscal 2016, we no longer allocate a charge to marketing related to the food cost of certain promotional activities.

 

13


Table of Contents

General and Administrative.  General and administrative expenses increased by $0.9 million, or 6.4%, to $14.4 million during the thirteen weeks ended March 29, 2016, from $13.5 million during the comparable thirteen week period of 2015. The increase in general and administrative costs was primarily due to higher field supervision and support costs to manage our increasing number of restaurants. Also included in general and administrative costs for the thirteen weeks ended March 29, 2016 and March 31, 2015, was approximately $1.1 million and $0.9 million, respectively, or 0.5% and 0.4% of revenues, of stock-based compensation expense. As a percentage of revenues, general and administrative expenses decreased to 5.9% for the current thirteen week period from 6.0% for the prior year comparable thirteen week period. This percentage decrease was primarily due to our ability to leverage the fixed component of these expenses over a higher revenue base from new restaurants and our comparable restaurant sales increases.

Depreciation and Amortization.  Depreciation and amortization increased by $1.2 million, or 8.6%, to $15.6 million during the thirteen weeks ended March 29, 2016, compared to $14.4 million during the comparable thirteen week period of 2015. This increase was primarily due to depreciation expense related to the 18 new restaurants opened since the thirteen weeks ended March 31, 2015. As a percentage of revenues, depreciation and amortization remained stable at 6.4% for the current thirteen week period and the prior year comparable thirteen week period.

Restaurant Opening.  Restaurant opening expense was $1.4 million during the thirteen weeks ended March 29, 2016, compared to $1.3 million during the comparable thirteen week period of 2015. This increase is due to the opening of four new restaurants during the thirteen weeks ended March 29, 2016, compared to two new restaurants during the comparable thirteen week period of 2015. 

Loss on Disposal of Assets and Impairments.  The loss on disposal of assets and impairments was $0.7 million during the thirteen weeks ended March 29, 2016, compared to $0.4 million during the comparable thirteen week period of 2015. These costs primarily related to the disposal of certain unproductive restaurant assets.

Legal and Other Settlements.  Legal and other settlement expenses of approximately $0.4 million or 0.2% of revenues, during the thirteen weeks ended March 29, 2016, related to the settlement of a wage and hour claim.

Income Tax Expense.  Our effective income tax rate for the thirteen weeks ended March 29, 2016, was 29.0% compared to 27.1% for the comparable thirteen week period of 2015. This increase is primarily due to higher pre-tax income during the thirteen weeks ended March 29, 2016. The effective income tax rate for the thirteen weeks ended March 29, 2016, differed from the statutory income tax rate primarily due to the impact of tax credits.

LIQUIDITY AND CAPITAL RESOURCES

The following tables set forth, for the periods indicated, a summary of our key liquidity measurements (dollar amounts in thousands):

 

   

    March 29, 2016    

     

  December 29, 2015  

Cash and cash equivalents

  $26,950       $34,604  

Net working capital

  $(48,063)       $(23,891)  

Current ratio

  0.6:1.0       0.8:1.0  
   

For The Thirteen Weeks Ended

   

March 29, 2016

     

March 31, 2015

Cash provided by operating activities

  $46,817       $30,829  

Capital expenditures

  $25,333       $15,750  

Our fundamental corporate finance philosophy is to maintain a conservative balance sheet in order to support our long-term restaurant expansion plan with sufficient financial flexibility; to provide the financial resources necessary to protect and enhance the competitiveness of our restaurant and brewing operations; to provide our restaurant landlords with confidence as to our intent and ability to honor all of our financial obligations under our restaurant leases; and to provide a prudent level of financial capacity to manage the risks and uncertainties of conducting our business operations on a larger-scale. We obtain financial resources principally from our ongoing operations, supplemented by our cash balance on hand, employee stock option exercises and tenant improvement

 

14


Table of Contents

allowances from our landlords and our $150 million Credit Facility. Additionally, in the past we have obtained capital resources from public stock offerings and sale-leaseback proceeds.

Our capital requirements are principally related to our restaurant expansion plans and restaurant enhancements and initiatives. While our ability to achieve our growth plans is dependent on a variety of factors, some of which are outside of our control, currently, our primary growth objective is to achieve an approximate 10% increase in total restaurant operating weeks on an annual basis over the next few years. For fiscal 2016, we plan to open 18 to 19 new restaurants. Depending on the expected level of future new restaurant development and expected tenant improvement allowances that we receive from our landlords, as well as our other planned capital investments including ongoing maintenance capital expenditures, our base of established restaurant operations may not generate enough cash flow from operations to totally fund our planned expansion over the long-term. In addition, any significant increase in our share repurchase authorization and activity may impact our overall capital resources available for future expansion. We estimate the total domestic capacity for BJ’s restaurants to be at least 425, given the size of our current restaurant prototype and the current structure of the BJ’s concept and menu. Accordingly, we continue to actively monitor overall conditions in the capital and credit markets with respect to the potential sources and timing of additional financing for our planned future expansion. However, there can be no assurance that such financing will be available when required or available on terms acceptable to us. If we are unable to secure additional capital resources, we may be required to reduce our long-term planned rate of expansion.

Similar to many restaurant chains, we typically utilize operating lease arrangements (principally ground leases) for the majority of our restaurant locations. We believe our operating lease arrangements continue to provide appropriate leverage for our capital structure in a financially efficient manner. However, we are not limited to the use of lease arrangements as our only method of opening new restaurants and from time to time have purchased the underlying land for new restaurants. While our operating lease obligations are not currently required to be reflected as indebtedness on our Consolidated Balance Sheets, the minimum rents and other related lease obligations, such as common area expenses, under our lease agreements must be satisfied by cash flows from our ongoing operations. Accordingly, our lease arrangements reduce, to some extent, our capacity to utilize funded indebtedness in our capital structure.

We typically seek to lease our restaurant locations for periods of 10 to 20 years under operating lease arrangements. Our rent structures vary from lease to lease, but generally provide for the payment of both minimum and contingent (percentage) rent based on sales, as well as other expenses related to the leases (for example, our pro-rata share of common area maintenance, property tax and insurance expenses). Many of our lease arrangements include the opportunity to secure tenant improvement allowances to partially offset the cost of developing and opening the related restaurants. Generally, landlords recover the cost of such allowances from increased minimum rents. However, there can be no assurance that such allowances will be available to us on each project. From time to time, we may also decide to purchase the underlying land for a new restaurant if that is the only way to secure a highly desirable site. Currently, we own the underlying land for four of our operating restaurants and our Texas brewpub locations. We also own two parcels of land adjacent to two of our operating restaurants. It is not our current strategy to own a large number of land parcels that underlie our restaurants. Therefore, in many cases we subsequently enter into sale-leaseback arrangements for land parcels that we may purchase. We disburse cash for certain site-related work, buildings, leasehold improvements, furnishings, fixtures and equipment to build our leased and owned premises. We own substantially all of the equipment, furniture and trade fixtures in our restaurants and currently plan to do so in the future.

We also require capital resources to evolve, maintain and increase the productive capacity of our existing base of restaurants and brewing operations and to further expand and strengthen the capabilities of our corporate and information technology infrastructures. Our requirement for working capital is not significant since our restaurant customers pay for their food and beverage purchases in cash or credit cards at the time of the sale. Thus, we are able to sell many of our inventory items before we have to pay our suppliers for such items.

Our cash flows from operating activities, as detailed in the Consolidated Statements of Cash Flows, provided $46.8 million during the thirteen weeks ended March 29, 2016, representing a $16.0 million increase from the $30.8 million provided by during the thirteen weeks ended March 31, 2015. The increase in cash from operating activities for the thirteen weeks ended March 29, 2016, in comparison to the thirteen weeks ended March 31, 2015, is primarily due to the timing of accounts receivable, accounts payable and landlord contributions for tenant improvements, coupled with higher net income.

 

15


Table of Contents

For the thirteen weeks ended March 29, 2016, total capital expenditures were approximately $25.3 million, of which expenditures for the purchase of the underlying land for new restaurants as well as the acquisition of restaurant and brewing equipment and leasehold improvements to construct new restaurants were $19.2 million. These expenditures were primarily related to the construction of our four new restaurants that opened during the thirteen weeks ended March 29, 2016, as well as expenditures related to restaurants expected to open later in fiscal 2016. In addition, total capital expenditures related to the maintenance and key productivity initiatives of existing restaurants were $6.1 million.

We have a $150 million unsecured revolving line of credit that expires on September 3, 2019, and may be used for working capital and other general corporate purposes. We utilize the Credit Facility principally for letters of credit that are required to support certain of our self-insurance programs, to fund a portion of the Company’s announced stock repurchase program and for working capital and construction requirements as needed. Borrowings under the Credit Facility will bear interest at the Company’s choice of either LIBOR plus a percentage not to exceed 1.75%, or at a rate ranging from Bank of America’s publicly announced prime rate to 0.75% above Bank of America’s prime rate, based on our level of lease and debt obligations as compared to EBITDA and lease expenses. As of March 29, 2016, there were borrowings of $95.5 million outstanding under the Credit Facility and there were outstanding letters of credit totaling approximately $15.0 million. The Credit Facility agreement also contains affirmative and negative covenants which restrict our ability to, among other things, create liens, borrow money (other trade credit and other ordinary course liabilities) and engage in mergers, consolidations, significant asset sales and certain other transactions. In addition, the Credit Facility contains provisions requiring us to maintain compliance with certain financial and non-financial covenants, including a Fixed Charge Coverage Ratio and a Lease Adjusted Leverage Ratio which, if not met, would place additional customary restrictions on the Company, including the ability to redeem or repurchase stock or pay dividends. While we have the Credit Facility in place and it can be currently drawn upon, it is possible that creditors could place limitations or restrictions on our ability to borrow from the Credit Facility.

Our capital expenditures during fiscal 2016 will continue to be significant as we plan to open 18 to 19 new restaurants. As of May 2, 2016, we have signed leases, land purchase agreements or letters of intent for all of our potential restaurant openings for fiscal 2016. We currently anticipate our total capital expenditures for fiscal 2016, including all expenditure categories, to be approximately $110 million to $120 million. We expect to fund our anticipated capital expenditures for fiscal 2016 with current cash balances on hand, expected cash flows from operations, proceeds from sale-leaseback transactions, expected tenant improvement allowances and our line of credit. Our future cash requirements will depend on many factors, including the pace of our expansion, conditions in the retail property development market, construction costs, the nature of the specific sites selected for new restaurants, and the nature of the specific leases and associated tenant improvement allowances available, if any, as negotiated with landlords.

From time to time, we will evaluate opportunities to acquire and convert other restaurant locations or entire restaurant chains to the BJ’s restaurant concept. In the future we may consider joint venture arrangements to augment BJ’s expansion into new markets or we may evaluate non-controlling investments in other emerging restaurant concepts that offer complementary growth opportunities to our BJ’s restaurant operations. Currently, we have no binding commitments (other than the signed leases or land purchase agreements set forth in Item 1 - Business - “Restaurant Site Selection and Expansion Objectives” in our Annual Report on Form 10-K for the fiscal year ended December 29, 2015) or agreements to acquire or convert any other restaurant locations or chains to our concept, or to enter into any joint ventures or non-controlling investments. However, we would likely require additional capital resources to take advantage of any of these growth opportunities should they become feasible.

We depend on our expected cash flows from operations, coupled with agreed-upon landlord tenant improvement allowances and sale-leaseback proceeds, to fund the majority of our planned capital expenditures for 2016. If our business does not generate enough cash flows from operations as expected, or if our landlords are unable to honor their agreements with us, or if we are unable to successfully enter in a sale-leaseback transaction and replacement funding sources are not otherwise available to us from borrowings under our Credit Facility or other alternatives, we may not be able to expand our operations at the pace currently planned.

We have not paid any dividends since our inception and have currently not allocated any funds for the payment of dividends. We have no plans to pay any cash dividends in the foreseeable future. Any determination to pay dividends in the future will be at the discretion of our Board of Directors and will depend upon our financial condition, operating results and other factors our Board of Directors deem relevant. Our Credit Facility contains, and debt instruments that we enter into in the future may contain, covenants that place limitations on the amount of dividends we may pay.

 

16


Table of Contents

Our Board of Directors has approved a $250 million share repurchase plan. As of March 29, 2016, we have cumulatively repurchased approximately $220.1 million of the $250 million share repurchase plan, of which approximately $24.5 million was repurchased during the thirteen weeks ended March 29, 2016. The share repurchases were executed through open market purchases, and future share repurchases may be completed through the combination of individually negotiated transactions, accelerated share buyback, and/or open market purchases. As of March 29, 2016, we have approximately $29.9 million available under our current share repurchase plan. Our Credit Facility does not contain any restrictions on the amount of borrowings that can be used to make stock repurchases as long as we are in compliance with our financial and non-financial covenants.

OFF-BALANCE SHEET ARRANGEMENTS

We do not participate in transactions that generate relationships with unconsolidated entities or financial partnerships, such as entities often referred to as structured finance or variable interest entities (“VIEs”), which would have been established for the purpose of facilitating off-balance sheet arrangements or other contractually narrow limited purposes. As of March 29, 2016, we are not involved in any off-balance sheet arrangements.

IMPACT OF INFLATION

Our profitability is dependent, among other things, on our ability to anticipate and react to changes in the costs of key operating resources, including food and other raw materials, labor, energy and other supplies and services. Substantial increases in costs and expenses could impact our operating results to the extent that such increases cannot be passed along to our restaurant customers. While we have taken steps to enter into agreements for some of the commodities used in our restaurant operations, there can be no assurance that future supplies and costs for such commodities will not fluctuate due to weather and other market conditions outside of our control. We are currently unable to contract for certain commodities, such as fluid dairy, fresh seafood and most fresh produce items, for long periods of time. Consequently, such commodities can be subject to unforeseen supply and cost fluctuations. The impact of inflation on food, labor, energy and occupancy costs can significantly affect the profitability of our restaurant operations.

Many of our restaurant employees are paid hourly rates related to the federal, state or local minimum wage requirements. Numerous state and local governments have their own minimum wage requirements that are generally greater than the federal minimum wage and are subject to annual increases based on changes in their local consumer price indices. Additionally, a general shortage in the availability of qualified restaurant management and hourly workers in certain geographical areas in which we operate has caused related increases in the costs of recruiting and compensating such employees. Certain operating and other costs, such as health benefits, the impact of the Patient Protection and Affordable Care Act, taxes, insurance, federal or state exemption rules, regulatory requirements relating to employees and other outside services, continue to increase with the general level of inflation and may also be subject to other cost and supply fluctuations outside of our control.

While we have been able to partially offset inflation and other changes in the costs of key operating resources by gradually increasing prices of our menu items, coupled with more efficient purchasing practices, productivity improvements and greater economies of scale, there can be no assurance that we will be able to continue to do so in the future. From time to time, competitive conditions will limit our menu pricing flexibility. In addition, macroeconomic conditions that impact consumer discretionary spending for food away from home could make additional menu price increases imprudent. There can be no assurance that all of our future cost increases can be offset by higher menu prices or that higher menu prices will be accepted by our restaurant customers without any resulting changes in their visit frequencies or purchasing patterns. Many of the leases for our restaurants provide for contingent rent obligations based on a percentage of sales. As a result, rent expense will absorb a proportionate share of any menu price increases in our restaurants. There can be no assurance that we will continue to generate increases in comparable restaurant sales in amounts sufficient to offset inflationary or other cost pressures.

SEASONALITY AND ADVERSE WEATHER

Our business is subject to seasonal fluctuations. Additionally, our restaurants in the Midwest and Eastern states, including Florida, are impacted by weather and other seasonal factors that typically impact other restaurant operations in those regions. Holidays (and shifts in the holiday calendar), severe weather, hurricanes, tornados, thunderstorms and similar conditions may impact restaurant sales

 

17


Table of Contents

volumes seasonally in some of the markets where we operate. Many of our restaurants are located in or near shopping centers and malls that typically experience seasonal fluctuations in sales. Quarterly results have been and will continue to be significantly impacted by the timing of new restaurant openings and their associated restaurant opening expenses. As a result of these and other factors, our financial results for any given quarter may not be indicative of the results that may be achieved for a full fiscal year.

Item 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

The following discussion of market risks contains “forward-looking” statements. Actual results may differ materially from the following discussion based on general conditions in the financial and commodity markets.

Interest Rate Risk

We have a $150 million unsecured Credit Facility that carries interest at a floating rate. We utilize the Credit Facility principally for letters of credit that are required to support our self-insurance programs, to fund a portion of our announced stock repurchase program and for working capital and construction requirements, as needed. We are exposed to interest rate risk through fluctuations in interest rates on our obligations under the Credit Facility. We do not believe that a hypothetical 1% adverse change in the interest rates under our Credit Facility would have a material adverse impact on our results of operation or financial condition.

Food and Commodity Price Risks

We purchase food and other commodities for use in our operations based upon market prices established with our suppliers. Many of the commodities purchased by us can be subject to volatility due to market supply and demand factors outside of our control, whether contracted for or not. To manage this risk in part, we attempt to enter into fixed-price purchase commitments, with terms typically up to one year, for some of our commodity requirements. However, it may not be possible for us to enter into fixed-price contracts for certain commodities or we may choose not to enter into fixed-price contracts for certain commodities. Dairy costs can also fluctuate due to government regulation. We believe that substantially all of our food and supplies are available from several sources, which helps to diversify our overall commodity cost risk. We also believe that we have some flexibility and ability to increase certain menu prices, or vary certain menu items offered or promoted, in response to food commodity price increases. Some of our commodity purchase arrangements may contain contractual features that limit the price paid by establishing certain price floors or caps. We do not use financial instruments to hedge commodity prices, since our purchase arrangements with suppliers, to the extent that we can enter into such arrangements, help control the ultimate cost that we pay.

Item 4.  CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

Under the supervision and with the participation of our management, including the Chief Executive Officer and Chief Financial Officer, we have evaluated the effectiveness of our disclosure controls and procedures pursuant to Rules 13a-15 and 15d-15 promulgated under the Securities Exchange Act of 1934 as amended, as of the end of the period covered by this report. Based on this evaluation, our Chief Executive Officer and Chief Financial Officer concluded that, as of March 29, 2016, our disclosure controls and procedures are designed at a reasonable assurance level and are effectively operating to provide reasonable assurance that information we are required to disclose in reports that we file or submit under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.

Changes in Internal Control Over Financial Reporting

There has not been any change in our internal control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during our first fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

 

18


Table of Contents

PART II.  OTHER INFORMATION

Item 1.  LEGAL PROCEEDINGS

See Note 7 of Notes to Unaudited Consolidated Financial Statements in Part I, Item 1 of this report for a summary of legal proceedings.

Item 1A.  RISK FACTORS

A discussion of the significant risks associated with investments in our securities, as well as other matters, is set forth in Item 1A of our Annual Report on Form 10-K for the fiscal year ended December 29, 2015. A summary of these risks and certain related information is included under “Statement Regarding Forward-Looking Disclosure” in Part I, Item 2 of this Form 10-Q and is incorporated herein by this reference. These cautionary statements are to be used as a reference in connection with any “forward-looking” statements. The factors, risks and uncertainties identified in these cautionary statements are in addition to those contained in any other cautionary statements, written or oral, which may be made or otherwise addressed in connection with a “forward-looking” statement or contained in any of our subsequent filings with the SEC. The risks described in this Form 10-Q and in our Annual Report on Form 10-K are not the only risks we face. New risks and uncertainties arise from time to time, and we cannot predict those events or how they may affect us. There may be other risks and uncertainties that are not currently known or that are currently deemed by us to be immaterial; however, they may ultimately adversely affect our business, financial condition and/or operating results.

Item 2.  UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Our Board of Directors has approved a $250 million share repurchase plan. As of March 29, 2016, we have cumulatively repurchased approximately $220.1 million of the $250 million share repurchase plan, of which approximately $24.5 million was repurchased during the thirteen weeks ended March 29, 2016. The share repurchases were executed through open market purchases, and future share repurchases may be completed through the combination of individually negotiated transactions, accelerated share buyback, and/or open market purchases. As of March 29, 2016, we have approximately $29.9 million available under our current share repurchase plan. Our Credit Facility does not contain any restrictions on the amount of borrowings that can be used to make stock repurchases as long as we are in compliance with our financial and non-financial covenants.

The following table sets forth information with respect to the repurchase of common shares during the thirteen weeks ended March 29, 2016:

 

                 Period (1)   

Total
Number

of Shares
Purchased

     Average
Price
  Paid Per  
Share
    

Total

Number of

Shares

Purchased

as Part of
the Publicly
Announced

Plans

    

Increase in
Dollars for

Share

Repurchase

Authorization

    

Approximate   

Dollar Value   

of Shares that   

May Yet Be   

Purchased   

Under the   

Plans or   

Programs   

 

12/30/15 – 01/26/16

     452,584         $42.02         452,584           $–         $35,577,501     

01/27/16 – 02/23/16

     134,880         $41.88         134,880           $–         $29,920,906     

02/24/16 – 03/29/16

             $–         –           $–         $29,920,906     
  

 

 

       

Total

               587,464         $41.76         587,464           
  

 

 

       

 

    (1) Period information is presented by reference to our fiscal months during the thirteen weeks ended March 29, 2016.

 

19


Table of Contents

Item 6.  EXHIBITS

 

Exhibit
  Number  

 

Description

3.1   Amended and Restated Articles of Incorporation of the Company, as amended, incorporated by reference to Exhibit 3.1 to the Registration Statement on Form SB-2 filed with the Securities and Exchange Commission on June 28, 1996, as amended by the Company’s Registration Statement on Form SB-2/A filed with the Commission on August 1, 1996, and the Company’s Registration Statement on Form SB-2A filed with the Commission on August 22, 1996, (File No. 3335182-LA) (as amended, the “Registration Statement”).
3.2   Amended and Restated Bylaws of the Company, incorporated by reference to Exhibits 3.1 of the Form 8-K filed on June 4, 2007.
3.3   Certificate of Amendment of Articles of Incorporation, incorporated by reference to Exhibit 3.3 of the Annual Report on Form 10-K for fiscal 2004.
3.4   Certificate of Amendment of Articles of Incorporation, incorporated by reference to Exhibit 3.4 of the Annual Report on Form 10-K for fiscal 2010.
4.1   Specimen Common Stock Certificate of the Company, incorporated by reference to Exhibit 4.1 of the Registration Statement.
31   Section 302 Certification of Chief Executive Officer and Chief Financial Officer.
32   Section 906 Certification of Chief Executive Officer and Chief Financial Officer.
101   The following materials from BJ’s Restaurants, Inc.’s Quarterly Report on Form 10-Q for the quarter ended March 29, 2016, formatted in XBRL (eXtensible Business Reporting Language): (i) Consolidated Balance Sheets; (ii) Unaudited Consolidated Statements of Income; (iii) Unaudited Consolidated Statements of Cash Flows; and (iv) Notes to Unaudited Consolidated Financial Statements.

 

20


Table of Contents

SIGNATURES

In accordance with the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

    BJ’S RESTAURANTS, INC.  
    (Registrant)  
May 2, 2016    

By:

 

/s/ GREGORY A. TROJAN

 
      Gregory A. Trojan  
      President and Chief Executive Officer  
      (Principal Executive Officer)  
   

By:

 

/s/ GREGORY S. LEVIN

 
      Gregory S. Levin  
      Executive Vice President,  
      Chief Financial Officer and Secretary  
      (Principal Financial and Accounting Officer)

 

21

EX-31 2 d134841dex31.htm EX-31 EX-31

Exhibit 31

BJ’S RESTAURANTS, INC.

Certification of Chief Executive Officer

I, Gregory A. Trojan, certify that:

 

  1. I have reviewed this quarterly report on Form 10-Q for BJ’s Restaurants, Inc. (the “registrant”);
  2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
  3. Based on my knowledge, the consolidated financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
  4. The registrant’s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of consolidated financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s first fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and,

 

  5. The registrant’s other certifying officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors:

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and,

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:  May 2, 2016

 

 

/s/ GREGORY A. TROJAN

  
  Gregory A. Trojan   
  President and Chief Executive Officer   
  (Principal Executive Officer)   


BJ’S RESTAURANTS, INC.

Certification of Chief Financial Officer

I, Gregory S. Levin, certify that:

 

  1. I have reviewed this quarterly report on Form 10-Q for BJ’s Restaurants, Inc. (the “registrant”);
  2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
  3. Based on my knowledge, the consolidated financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
  4. The registrant’s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of consolidated financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s first fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and,

 

  5. The registrant’s other certifying officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors:

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and,

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:  May 2, 2016

 

 

/s/ GREGORY S. LEVIN

 
  Gregory S. Levin  
  Executive Vice President,  
  Chief Financial Officer and Secretary  
  (Principal Financial and Accounting Officer)  
EX-32 3 d134841dex32.htm EX-32 EX-32

Exhibit 32

BJ’S RESTAURANTS, INC.

CERTIFICATION PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In accordance with 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, the undersigned Gregory A. Trojan, Chief Executive Officer of the Company, and Gregory S. Levin, Chief Financial Officer of the Company, certify to their knowledge:

(1)    The Quarterly Report on Form 10-Q of the Company for the quarter ended March 29, 2016, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2)    The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

In Witness Whereof, each of the undersigned has signed this Certification as of this May 2, 2016.

 

/s/ GREGORY A. TROJAN     

/s/ GREGORY S. LEVIN

Gregory A. Trojan   

Gregory S. Levin

President and Chief Executive   

Executive Vice President, Chief

Officer   

Financial Officer and Secretary

(Principal Executive Officer)   

(Principal Financial and Accounting Officer)

EX-101.INS 4 bjri-20160329.xml XBRL INSTANCE DOCUMENT 1224000 25.41 125000000 24672000 5000000 729000 0 30.59 24672000 0 53837000 116894000 46669000 83861000 365182000 7367000 63290000 2998000 19655000 100500000 245826000 27627000 316483000 681665000 4300000 33033000 561832000 8893000 93003000 4673000 16971000 34604000 25364000 681665000 7171000 22157000 429000 39.63 29000 32.49 24125737 25961000 1317000 26.75 125000000 24124000 5000000 809000 0 31.56 24124000 0 53800000 15000000 120161000 29900000 39500000 48560000 85852000 366087000 63519000 3103000 19787000 95500000 800000 242098000 28279000 305617000 671704000 95500000 5700000 34309000 1800000 572311000 9226000 72098000 4673000 16971000 26950000 13060000 671704000 5891000 22622000 1 1 5400000 1 1.5 459000 39.98 9900000 61000 37.70 1300000 0.0144 50000000 50000000 150000000 30683000 P5Y 606000 100000 26310000 0.014 30829000 16.45 0.37 0.371 26916000 0.36 0.00 1756000 -872000 11424000 15750000 336000 13092000 -383000 -187000 13187000 6336000 -241000 225069000 133000 95000 2199000 -3401000 -1483000 9615000 175000 6774000 49500000 60000 -19801000 14361000 3572000 -4722000 13493000 30100000 40000 1498000 211977000 21600000 165000 767000 1284000 79695000 -2702000 2355000 1259000 3495000 -15750000 56171000 4151000 0.211 46590000 920000 339000 10-Q P5Y BJRI 0001013488 2016-03-29 413000 <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> The following table presents a reconciliation of basic and diluted net income per share, including the number of dilutive equity awards (stock options and restricted stock units) that were included in the dilutive net income per share computation (in thousands):</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="70%" align="center" border="0"> <tr> <td width="96%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="6" align="center"> <b>For&#xA0;The&#xA0;Thirteen&#xA0;Weeks&#xA0;Ended</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"> <b>&#xA0;&#xA0;March&#xA0;29,&#xA0;2016&#xA0;&#xA0;</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"> <b>&#xA0;&#xA0;March&#xA0;31,&#xA0;2015&#xA0;&#xA0;</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Numerator:</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Net income</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$11,644&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$9,615&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Denominator:</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Weighted-average shares outstanding &#x2013; basic</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">24,278&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">26,310&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Dilutive effect of equity awards</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">413&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">606&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Weighted-average shares outstanding &#x2013; diluted</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">24,691&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">26,916&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> </table> </div> Large Accelerated Filer <div> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="2%" align="left"><b>5.</b></td> <td valign="top" align="left"><b>STOCK-BASED COMPENSATION</b></td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> Our current shareholder approved stock-based compensation plan is the 2005 Equity Incentive Plan (&#x201C;the Plan&#x201D;). Under the Plan, we may issue shares of our common stock to employees, officers, directors and consultants. We have granted incentive stock options, non-qualified stock options, and performance and time-based restricted stock units. Stock options and stock appreciation rights are charged against the Plan share reserve on the basis of one share for each one share granted. Other types of grants, including restricted stock units (&#x201C;RSUs&#x201D;), are currently charged against the Plan share reserve on the basis of 1.5 shares for each one share granted. The Plan also contains other limits on the terms of incentive grants such as limits on the number that can be granted to an employee during any fiscal year. All options granted under the Plan expire within 10&#xA0;years of their date of grant.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> Under the Plan, we issue time-based and performance-based RSUs and stock options to officers. We issue time-based RSUs and stock options to other support employees. We also issue time-based RSUs and stock options in connection with the BJ&#x2019;s Gold Standard Stock Ownership Program (the &#x201C;GSSOP&#x201D;). The GSSOP is a long-term equity incentive program for our restaurant general managers, executive kitchen mangers and restaurant field supervision. GSSOP grants are dependent on the length of each participant&#x2019;s service with us (at least five years) and position. All GSSOP participants must remain in good standing during their service period.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> The Plan permits us to set the vesting terms and exercise period for awards at our discretion.&#xA0;Stock options generally vest ratably over 3 or 5 years, cliff vest at 3 or 5 years, or vest at 33% on the third anniversary and 67% on the fifth anniversary, and expire ten years from date of grant.&#xA0;Time-based RSUs generally vest ratably over three or five years for non-GSSOP RSU grantees and generally cliff vest either at 33% on the third anniversary and 67% on the fifth anniversary or at 100% after the fifth anniversary for GSSOP participants.&#xA0;Performance-based RSUs generally cliff vest on the third anniversary of the date of grant in a quantity that is dependent on the level of target achievement.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> The following table presents information related to stock-based compensation (in thousands):</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="56%" align="center" border="0"> <tr> <td width="49%"></td> <td valign="bottom" width="1%"></td> <td width="20%"></td> <td valign="bottom" width="1%"></td> <td width="6%"></td> <td valign="bottom" width="1%"></td> <td width="22%"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="5" align="center"> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"> <b>For&#xA0;The&#xA0;Thirteen&#xA0;Weeks&#xA0;Ended</b></p> </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" align="center"> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"> <b>&#xA0;&#xA0;March&#xA0;29,&#xA0;2016&#xA0;&#xA0;</b></p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" align="center"> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"> <b>&#xA0;&#xA0;&#xA0;&#xA0;March&#xA0;31,&#xA0;2015&#xA0;&#xA0;&#xA0;&#xA0;</b></p> </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Labor and benefits</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$403&#xA0;&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$339&#xA0;&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> General and administrative</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$1,147&#xA0;&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$920&#xA0;&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Capitalized (1)</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$78&#xA0;&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$60&#xA0;&#xA0;&#xA0;</td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td width="3%">&#xA0;</td> <td valign="top" width="3%" align="left">(1)</td> <td valign="top" align="left">Capitalized stock-based compensation relates to our restaurant development personnel and is included in &#x201C;Property and equipment, net&#x201D; on the Consolidated Balance Sheets.</td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> <b><i>Stock Options</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> The fair value of each stock option grant issued is estimated at the date of grant using the <font style="WHITE-SPACE: nowrap">Black-Scholes</font> option-pricing model with the following weighted average assumptions:</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="58%" align="center" border="0"> <tr> <td width="51%"></td> <td valign="bottom" width="1%"></td> <td width="20%"></td> <td valign="bottom" width="1%"></td> <td width="6%"></td> <td valign="bottom" width="1%"></td> <td width="20%"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="5" align="center"> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"> <b>For&#xA0;the&#xA0;Thirteen&#xA0;Weeks&#xA0;Ended</b></p> </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" align="center"> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"> <b>&#xA0;&#xA0;March&#xA0;29,&#xA0;2016&#xA0;&#xA0;</b></p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" align="center"> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"> <b>&#xA0;&#xA0;March&#xA0;31,&#xA0;2015&#xA0;&#xA0;</b></p> </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Expected volatility</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">35.9%&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">37.1%&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Risk free interest rate</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">1.5%&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">1.4%&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Expected option life</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">5&#xA0;years&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">5&#xA0;years&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Dividend yield</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">0%&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">0%&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Fair value of options granted</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$14.37&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$16.45&#xA0;&#xA0;</td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> The exercise price of the stock options under our stock-based compensation plan is required to equal or exceed the fair market value of the shares on the option grant date.&#xA0;The following table represents stock option activity:</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="84%" align="center" border="0"> <tr> <td width="50%"></td> <td valign="bottom" width="1%"></td> <td width="12%"></td> <td valign="bottom" width="1%"></td> <td width="11%"></td> <td valign="bottom" width="1%"></td> <td width="12%"></td> <td valign="bottom" width="1%"></td> <td width="11%"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="bottom">&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="3" align="center"><b>Options Outstanding</b></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="3" align="center"><b>Options Exercisable</b></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="bottom">&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center"><b>&#xA0;&#xA0;Shares&#xA0;&#xA0;<br /> &#xA0;&#xA0;(in&#xA0;thousands)</b></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"> <b>&#xA0;&#xA0;&#xA0;&#xA0;Weighted&#xA0;&#xA0;&#xA0;&#xA0;<br /> Average<br /> Exercise</b></p> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"><b>Price</b></p> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center"><b>&#xA0;&#xA0;Shares&#xA0;&#xA0;<br /> &#xA0;&#xA0;(in&#xA0;thousands)</b></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"> <b>&#xA0;&#xA0;&#xA0;&#xA0;Weighted&#xA0;&#xA0;&#xA0;&#xA0;<br /> Average<br /> Exercise</b></p> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"><b>Price</b></p> </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Outstanding at December 29, 2015</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">1,224</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$30.59</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">729</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$25.41&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Granted</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">120</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$42.48</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Exercised</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(16)</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$33.00</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Forfeited</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(11)</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$39.92</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" colspan="7"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Outstanding at March 29, 2016</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">1,317</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$31.56</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">809</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$26.75&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" colspan="7"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> </tr> </table> <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 12px"> &#xA0;</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt"> As of March 29, 2016, total unrecognized stock-based compensation expense related to non-vested stock options was $5.4 million, which is generally expected to be recognized over the next five years.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> <b><i>Restricted Stock Units</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> <i>Time-Based Restricted Stock Units</i></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt"> Time-based restricted stock unit activity was as follows:</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="60%" align="center" border="0"> <tr> <td width="64%"></td> <td valign="bottom" width="1%"></td> <td width="18%"></td> <td valign="bottom" width="1%"></td> <td width="1%"></td> <td valign="bottom" width="1%"></td> <td width="14%"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"><b>Shares</b></p> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"><b>&#xA0;&#xA0;(in&#xA0;thousands)&#xA0;</b></p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"><b>Weighted</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"><b>Average</b></p> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"><b>Fair&#xA0;Value&#xA0;&#xA0;&#xA0;&#xA0;</b></p> </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" colspan="5"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Outstanding at December 29, 2015</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">429</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="right">$39.63&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Granted</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">66</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="right">$42.51&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Vested or released</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(25)</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="right">$38.95&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Forfeited</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(11)</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="right">$43.60&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" colspan="5"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Outstanding at March 29, 2016</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">459</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="right">$39.98&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" colspan="5"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> The fair value of our time-based RSUs is the quoted market value of our common stock on the date of grant.&#xA0;The fair value of each time-based RSU is expensed over the vesting period (e.g., five years).&#xA0;As of March 29, 2016, total unrecognized stock-based compensation expense related to non-vested RSUs was approximately $9.9 million, which is generally expected to be recognized over the next five years.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> <i>Performance-Based Restricted Stock Units</i></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt"> Performance-based restricted stock unit activity was as follows:</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="62%" align="center" border="0"> <tr> <td width="70%"></td> <td valign="bottom" width="2%"></td> <td width="16%"></td> <td valign="bottom" width="2%"></td> <td width="1%"></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"><b>Shares</b></p> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"><b>&#xA0;&#xA0;(in&#xA0;thousands)&#xA0;</b></p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" colspan="2" align="center"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"><b>Weighted</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"><b>Average</b></p> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"> <b>&#xA0;Fair&#xA0;Value&#xA0;&#xA0;&#xA0;&#xA0;</b></p> </td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" colspan="6"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Outstanding at December 29, 2015</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">29&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$32.49&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Granted</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">32&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$42.41&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Vested or released</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">&#x2013;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> $&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2013;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Forfeited</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">&#x2013;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> $&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2013;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" colspan="6"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Outstanding at March 29, 2016</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">61&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$37.70&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" colspan="6"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> The fair value of our performance-based RSUs is the quoted market value of our common stock on the date of grant.&#xA0;The fair value of each performance-based RSU is recognized when it is probable the performance goal will be achieved.&#xA0;As of March 29, 2016, total unrecognized stock-based compensation expense related to non-vested performance-based RSUs was approximately $1.3 million, which is generally expected to be recognized over the next three years.</p> </div> 300000 11000 --12-29 <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> The accompanying unaudited consolidated financial statements include the accounts of BJ&#x2019;s Restaurants,&#xA0;Inc. (referred to herein as the &#x201C;Company&#x201D; or &#x201C;we,&#x201D; &#x201C;us&#x201D; and &#x201C;our&#x201D;) and our wholly owned subsidiaries.&#xA0;The financial statements presented herein include all material adjustments which are, in the opinion of management, necessary for a fair presentation of the statements of the financial condition, results of operations and cash flows for the period.&#xA0;Our consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (&#x201C;U.S. GAAP&#x201D;) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. The preparation of financial statements in accordance with U.S. GAAP requires us to make certain estimates and assumptions for the reporting periods covered by the financial statements.&#xA0;These estimates and assumptions affect the reported amounts of assets, liabilities, revenues and expenses.&#xA0;Actual amounts could differ from these estimates.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> Certain information and footnote disclosures normally included in consolidated financial statements in accordance with U.S. GAAP have been omitted pursuant to the U.S. Securities and Exchange Commission (&#x201C;SEC&#x201D;) rules. A description of our accounting policies and other financial information is included in our audited consolidated financial statements filed with the SEC on Form 10-K for the year ended December 29, 2015. The disclosures included in our accompanying interim financial statements and footnotes should be read in conjunction with our consolidated financial statements and notes thereto included in the Annual Report on Form 10-K.</p> </div> Q1 <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> Basic net income per share is computed by dividing the net income attributable to common shareholders by the weighted average number of common shares outstanding during the period.&#xA0;Diluted net income per share reflects the potential dilution that could occur if stock options issued by us to sell common stock at set prices were exercised and if restrictions on restricted stock units issued by us were to lapse (collectively, equity awards) using the treasury stock method.&#xA0;Performance-based restricted stock units have been excluded from the diluted income per share computation because the performance-based criteria have not been met.</p> </div> 42.48 24278000 <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> <b><i>Recent Accounting Pronouncements</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> In August 2014, the Financial Accounting Standards Board (&#x201C;FASB&#x201D;) issued Accounting Standards Update (&#x201C;ASU&#x201D;) 2014-15, Disclosure of Uncertainties about an Entity&#x2019;s Going Concern (Subtopic 205-40). This update requires management to evaluate whether there are conditions or events that raise substantial doubt about an entity&#x2019;s ability to continue as a going concern within one year after the financial statements are issued. Management must disclose any doubts about the Company&#x2019;s ability to continue as a going concern and whether its plans alleviate that doubt. Management is required to make this evaluation for annual periods ending after December 15, 2016, and for interim periods beginning after December 15, 2016, and early adoption is permitted. We do not believe the adoption of ASU 2014-15 will have a material impact on our consolidated financial statements.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs (Subtopic 835-30).&#xA0;This update requires debt issuance costs to be presented within the balance sheet as a direct deduction from the associated debt liability. Currently, certain debt issuance costs are recorded as an asset and amortized to interest expense.&#xA0;Under the new standard, debt issuance costs will continue to be amortized over the life of the debt instrument and amortization will continue to be recorded in interest expense.&#xA0;ASU 2015-03 became effective during the current quarter.&#xA0;The adoption of this standard did not have a material impact on our consolidated financial statements.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> In July 2015, the FASB issued ASU 2015-11, Inventory: Simplifying the Measurement of Inventory (Topic 330).&#xA0;This update provides guidance on the subsequent measurement of inventory, which changes the measurement from lower of cost or market to lower of cost and net realizable value.&#xA0;This update defines net realizable value as the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation, and is effective for annual and interim periods beginning after December 15, 2016.&#xA0;The adoption of this update is not expected to have a material impact on our consolidated financial statements.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> In November 2015, the FASB issued ASU 2015-17, Balance Sheet Classification of Deferred Taxes (Topic 740). This update requires that deferred tax liabilities and assets be classified as noncurrent in a classified balance sheet.&#xA0;This update is effective for annual and interim periods beginning after December 15, 2016, and early adoption is permitted.&#xA0;Other than the revised balance sheet presentation of deferred tax liabilities and assets, we do not expect the adoption of this guidance to have a material impact on our consolidated financial statements.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> In January 2016, the FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities (Subtopic 825-10).&#xA0;Among other requirements, this guidance requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset on the balance sheet. This presentation provides financial statement users with more decision-useful information about an entity&#x2019;s involvement in financial instruments. ASU 2016-01 is effective for annual and interim reporting periods beginning after December&#xA0;15, 2017. We are currently evaluating the impact this guidance will have on our consolidated financial statements.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). This guidance requires recognition of most leases on the balance sheets to give investors, lenders, and other financial statement users a more comprehensive view of a company&#x2019;s long-term financial obligations as well as the assets it owns versus leases. ASU 2016-02 will be effective for fiscal years beginning after December 15, 2018, and for interim periods within those fiscal years. Currently, all of our restaurant and our restaurant support center leases are accounted for as operating leases, and therefore are not recorded within our balance sheet. We are currently evaluating the impact that this guidance will have on our consolidated financial statements as well as the expected adoption method.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> In March 2016, the FASB issued ASU 2016-04, Recognition of Breakage for Certain Prepaid Stored-Value Products (Subtopic 405-20). This guidance defines liabilities related to the sale of prepaid stored-value products as financial liabilities and requires that breakage for those liabilities be accounted for consistent with the breakage guidance in Topic 606 (Principal versus Agent Considerations).&#xA0;ASU 2016-04 is effective for annual and interim reporting periods beginning after December&#xA0;15, 2017.&#xA0;We are currently evaluating the impact that this guidance will have on our consolidated financial statements.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> In March 2016, the FASB issued ASU 2016-08, Revenue from Contracts with Customers Topic 606 (Principal versus Agent Considerations).&#xA0;This update clarifies how to implement revenue recognition guidance related to determining whether an entity is a principal or an agent in a revenue transaction.&#xA0;The guidance requires an entity to determine whether the nature of its promise is to provide goods or services to its customer (the entity is a principal) or to arrange for goods or services to be provided to the customer by the other parties (the entity is an agent).&#xA0;This determination is based upon whether the entity controls the goods or the services before it is transferred to the customer.&#xA0;An entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2016-08 is effective for annual and interim reporting periods beginning after December&#xA0;15, 2017, and early application is permitted.&#xA0;This update permits the use of either the retrospective or cumulative effect transition method.&#xA0;We are currently evaluating the impact this standard will have on our consolidated financial statements.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting (Topic 718). This guidance will change how companies account for certain aspects of share-based payments to employees. They will have to recognize all income tax effects of awards in the income statement when the awards vest or are settled, and additional paid-in capital (&#x201C;APIC&#x201D;) pools will be eliminated. The guidance on employer&#x2019;s accounting for an employee&#x2019;s use of shares to satisfy the employer&#x2019;s statutory income tax withholding obligation and for forfeitures is changing, and two practical expedients for nonpublic entities have been added. ASU 2016-09 is effective for annual and interim reporting periods beginning after December&#xA0;15, 2016, and early adoption is permitted. We are currently evaluating the impact this guidance will have on our consolidated financial statements.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> In April 2016, the FASB issued ASU 2016-10, an amendment to ASU 2014-09, Revenue from Contracts with Customers (Topic 606).&#xA0;This guidance provides a comprehensive new revenue recognition model that requires a company to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services.&#xA0;Additionally, this guidance expands related disclosure requirements.&#xA0;The amendment addressed the potential for diversity in practice at initial application.&#xA0;ASU 2016-10 is effective for annual and interim reporting periods beginning after December&#xA0;15, 2017, and early application is permitted.&#xA0;This update permits the use of either the retrospective or cumulative effect transition method.&#xA0;We are currently evaluating the impact this standard will have on our consolidated financial statements as well as the expected adoption method.</p> </div> 0.015 <div> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="2%" align="left"><b>8.</b></td> <td valign="top" align="left"><b>STOCK REPURCHASES</b></td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> During the thirteen weeks ended March 29, 2016, we repurchased and retired approximately 0.6 million shares of our common stock at an average price of $41.76 per share for a total of $24.5 million, which is recorded as a reduction in common stock, with any excess change to retained earnings.&#xA0;As of March 29, 2016, approximately $29.9 million remains available for additional repurchases under our authorized repurchase program.</p> </div> P10Y <div> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="2%" align="left"><b>3.</b></td> <td valign="top" align="left"><b>NET INCOME PER SHARE</b></td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> Basic net income per share is computed by dividing the net income attributable to common shareholders by the weighted average number of common shares outstanding during the period.&#xA0;Diluted net income per share reflects the potential dilution that could occur if stock options issued by us to sell common stock at set prices were exercised and if restrictions on restricted stock units issued by us were to lapse (collectively, equity awards) using the treasury stock method.&#xA0;Performance-based restricted stock units have been excluded from the diluted income per share computation because the performance-based criteria have not been met.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> The following table presents a reconciliation of basic and diluted net income per share, including the number of dilutive equity awards (stock options and restricted stock units) that were included in the dilutive net income per share computation (in thousands):</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="70%" align="center" border="0"> <tr> <td width="96%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="6" align="center"> <b>For&#xA0;The&#xA0;Thirteen&#xA0;Weeks&#xA0;Ended</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"> <b>&#xA0;&#xA0;March&#xA0;29,&#xA0;2016&#xA0;&#xA0;</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"> <b>&#xA0;&#xA0;March&#xA0;31,&#xA0;2015&#xA0;&#xA0;</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Numerator:</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Net income</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$11,644&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$9,615&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Denominator:</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Weighted-average shares outstanding &#x2013; basic</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">24,278&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">26,310&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Dilutive effect of equity awards</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">413&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">606&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Weighted-average shares outstanding &#x2013; diluted</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">24,691&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">26,916&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> For the thirteen weeks ended March 29, 2016 and March 31, 2015, there were approximately 0.3 million and 0.1 million shares of common stock equivalents, respectively, that have been excluded from the calculation of diluted net income per share because they are anti-dilutive.</p> </div> 600000 46817000 <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> The exercise price of the stock options under our stock-based compensation plan is required to equal or exceed the fair market value of the shares on the option grant date.&#xA0;The following table represents stock option activity:</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="84%" align="center" border="0"> <tr> <td width="50%"></td> <td valign="bottom" width="1%"></td> <td width="12%"></td> <td valign="bottom" width="1%"></td> <td width="11%"></td> <td valign="bottom" width="1%"></td> <td width="12%"></td> <td valign="bottom" width="1%"></td> <td width="11%"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="bottom">&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="3" align="center"><b>Options Outstanding</b></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="3" align="center"><b>Options Exercisable</b></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="bottom">&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center"><b>&#xA0;&#xA0;Shares&#xA0;&#xA0;<br /> &#xA0;&#xA0;(in&#xA0;thousands)</b></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"> <b>&#xA0;&#xA0;&#xA0;&#xA0;Weighted&#xA0;&#xA0;&#xA0;&#xA0;<br /> Average<br /> Exercise</b></p> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"><b>Price</b></p> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center"><b>&#xA0;&#xA0;Shares&#xA0;&#xA0;<br /> &#xA0;&#xA0;(in&#xA0;thousands)</b></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> &#xA0;</td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="center"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"> <b>&#xA0;&#xA0;&#xA0;&#xA0;Weighted&#xA0;&#xA0;&#xA0;&#xA0;<br /> Average<br /> Exercise</b></p> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"><b>Price</b></p> </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Outstanding at December 29, 2015</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">1,224</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$30.59</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">729</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$25.41&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Granted</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">120</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$42.48</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Exercised</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(16)</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$33.00</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Forfeited</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(11)</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$39.92</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" colspan="7"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Outstanding at March 29, 2016</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">1,317</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$31.56</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">809</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$26.75&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" colspan="7"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> </tr> </table> </div> <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt"> A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="76%" align="center" border="0"> <tr> <td width="89%"></td> <td valign="bottom" width="7%"></td> <td></td> <td></td> <td></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Balance at December 29, 2015</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;$</td> <td valign="bottom" align="right">2,998&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Increase for tax positions taken in current period</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">&#xA0;&#xA0;105&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Balance at March 29, 2016</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;$</td> <td valign="bottom" align="right">3,103&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> </table> </div> false 39.92 33.00 16000 14.37 <div> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="2%" align="left"><b>7.</b></td> <td valign="top" align="left"><b>LEGAL PROCEEDINGS</b></td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> We are subject to private lawsuits, administrative proceedings and demands that arise in the ordinary course of our business and which typically involve claims from customers, employees and others related to operational, employment, real estate and intellectual property issues common to the foodservice industry.&#xA0;A number of these claims may exist at any given time.&#xA0;We are self-insured for a portion of our general liability and our employee workers&#x2019; compensation requirements. We maintain coverage with a third party insurer to limit our total exposure. We believe that most of our customer claims will be covered by our general liability insurance, subject to coverage limits and the portion of such claims that are self-insured.&#xA0;Punitive damages awards and employee unfair practice claims, however, are not covered by our general liability insurance.&#xA0;To date, we have not been ordered to pay punitive damages with respect to any claims, but there can be no assurance that punitive damages will not be awarded with respect to any future claims.&#xA0;We could be affected by adverse publicity resulting from allegations in lawsuits, claims and proceedings, regardless of whether these allegations are valid or whether we are ultimately determined to be liable.&#xA0;We currently believe that the final disposition of these types of lawsuits, proceedings and claims will not have a material adverse effect on our financial position, results of operations or liquidity.&#xA0;It is possible, however, that our future results of operations for a particular quarter or fiscal year could be impacted by changes in circumstances relating to lawsuits, proceedings or claims.</p> </div> BJs RESTAURANTS INC <div> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="2%" align="left"><b>1.</b></td> <td valign="top" align="left"><b>BASIS OF PRESENTATION</b></td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> The accompanying unaudited consolidated financial statements include the accounts of BJ&#x2019;s Restaurants,&#xA0;Inc. (referred to herein as the &#x201C;Company&#x201D; or &#x201C;we,&#x201D; &#x201C;us&#x201D; and &#x201C;our&#x201D;) and our wholly owned subsidiaries.&#xA0;The financial statements presented herein include all material adjustments which are, in the opinion of management, necessary for a fair presentation of the statements of the financial condition, results of operations and cash flows for the period.&#xA0;Our consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (&#x201C;U.S. GAAP&#x201D;) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. The preparation of financial statements in accordance with U.S. GAAP requires us to make certain estimates and assumptions for the reporting periods covered by the financial statements.&#xA0;These estimates and assumptions affect the reported amounts of assets, liabilities, revenues and expenses.&#xA0;Actual amounts could differ from these estimates.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> Certain information and footnote disclosures normally included in consolidated financial statements in accordance with U.S. GAAP have been omitted pursuant to the U.S. Securities and Exchange Commission (&#x201C;SEC&#x201D;) rules. A description of our accounting policies and other financial information is included in our audited consolidated financial statements filed with the SEC on Form 10-K for the year ended December 29, 2015. The disclosures included in our accompanying interim financial statements and footnotes should be read in conjunction with our consolidated financial statements and notes thereto included in the Annual Report on Form 10-K.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> <b><i>Recent Accounting Pronouncements</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> In August 2014, the Financial Accounting Standards Board (&#x201C;FASB&#x201D;) issued Accounting Standards Update (&#x201C;ASU&#x201D;) 2014-15, Disclosure of Uncertainties about an Entity&#x2019;s Going Concern (Subtopic 205-40). This update requires management to evaluate whether there are conditions or events that raise substantial doubt about an entity&#x2019;s ability to continue as a going concern within one year after the financial statements are issued. Management must disclose any doubts about the Company&#x2019;s ability to continue as a going concern and whether its plans alleviate that doubt. Management is required to make this evaluation for annual periods ending after December 15, 2016, and for interim periods beginning after December 15, 2016, and early adoption is permitted. We do not believe the adoption of ASU 2014-15 will have a material impact on our consolidated financial statements.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs (Subtopic 835-30).&#xA0;This update requires debt issuance costs to be presented within the balance sheet as a direct deduction from the associated debt liability. Currently, certain debt issuance costs are recorded as an asset and amortized to interest expense.&#xA0;Under the new standard, debt issuance costs will continue to be amortized over the life of the debt instrument and amortization will continue to be recorded in interest expense.&#xA0;ASU 2015-03 became effective during the current quarter.&#xA0;The adoption of this standard did not have a material impact on our consolidated financial statements.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> In July 2015, the FASB issued ASU 2015-11, Inventory: Simplifying the Measurement of Inventory (Topic 330).&#xA0;This update provides guidance on the subsequent measurement of inventory, which changes the measurement from lower of cost or market to lower of cost and net realizable value.&#xA0;This update defines net realizable value as the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation, and is effective for annual and interim periods beginning after December 15, 2016.&#xA0;The adoption of this update is not expected to have a material impact on our consolidated financial statements.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> In November 2015, the FASB issued ASU 2015-17, Balance Sheet Classification of Deferred Taxes (Topic 740). This update requires that deferred tax liabilities and assets be classified as noncurrent in a classified balance sheet.&#xA0;This update is effective for annual and interim periods beginning after December 15, 2016, and early adoption is permitted.&#xA0;Other than the revised balance sheet presentation of deferred tax liabilities and assets, we do not expect the adoption of this guidance to have a material impact on our consolidated financial statements.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> In January 2016, the FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities (Subtopic 825-10).&#xA0;Among other requirements, this guidance requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset on the balance sheet. This presentation provides financial statement users with more decision-useful information about an entity&#x2019;s involvement in financial instruments. ASU 2016-01 is effective for annual and interim reporting periods beginning after December&#xA0;15, 2017. We are currently evaluating the impact this guidance will have on our consolidated financial statements.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). This guidance requires recognition of most leases on the balance sheets to give investors, lenders, and other financial statement users a more comprehensive view of a company&#x2019;s long-term financial obligations as well as the assets it owns versus leases. ASU 2016-02 will be effective for fiscal years beginning after December 15, 2018, and for interim periods within those fiscal years. Currently, all of our restaurant and our restaurant support center leases are accounted for as operating leases, and therefore are not recorded within our balance sheet. We are currently evaluating the impact that this guidance will have on our consolidated financial statements as well as the expected adoption method.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> In March 2016, the FASB issued ASU 2016-04, Recognition of Breakage for Certain Prepaid Stored-Value Products (Subtopic 405-20). This guidance defines liabilities related to the sale of prepaid stored-value products as financial liabilities and requires that breakage for those liabilities be accounted for consistent with the breakage guidance in Topic 606 (Principal versus Agent Considerations).&#xA0;ASU 2016-04 is effective for annual and interim reporting periods beginning after December&#xA0;15, 2017.&#xA0;We are currently evaluating the impact that this guidance will have on our consolidated financial statements.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> In March 2016, the FASB issued ASU 2016-08, Revenue from Contracts with Customers Topic 606 (Principal versus Agent Considerations).&#xA0;This update clarifies how to implement revenue recognition guidance related to determining whether an entity is a principal or an agent in a revenue transaction.&#xA0;The guidance requires an entity to determine whether the nature of its promise is to provide goods or services to its customer (the entity is a principal) or to arrange for goods or services to be provided to the customer by the other parties (the entity is an agent).&#xA0;This determination is based upon whether the entity controls the goods or the services before it is transferred to the customer.&#xA0;An entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2016-08 is effective for annual and interim reporting periods beginning after December&#xA0;15, 2017, and early application is permitted.&#xA0;This update permits the use of either the retrospective or cumulative effect transition method.&#xA0;We are currently evaluating the impact this standard will have on our consolidated financial statements.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting (Topic 718). This guidance will change how companies account for certain aspects of share-based payments to employees. They will have to recognize all income tax effects of awards in the income statement when the awards vest or are settled, and additional paid-in capital (&#x201C;APIC&#x201D;) pools will be eliminated. The guidance on employer&#x2019;s accounting for an employee&#x2019;s use of shares to satisfy the employer&#x2019;s statutory income tax withholding obligation and for forfeitures is changing, and two practical expedients for nonpublic entities have been added. ASU 2016-09 is effective for annual and interim reporting periods beginning after December&#xA0;15, 2016, and early adoption is permitted. We are currently evaluating the impact this guidance will have on our consolidated financial statements.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> In April 2016, the FASB issued ASU 2016-10, an amendment to ASU 2014-09, Revenue from Contracts with Customers (Topic 606).&#xA0;This guidance provides a comprehensive new revenue recognition model that requires a company to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services.&#xA0;Additionally, this guidance expands related disclosure requirements.&#xA0;The amendment addressed the potential for diversity in practice at initial application.&#xA0;ASU 2016-10 is effective for annual and interim reporting periods beginning after December&#xA0;15, 2017, and early application is permitted.&#xA0;This update permits the use of either the retrospective or cumulative effect transition method.&#xA0;We are currently evaluating the impact this standard will have on our consolidated financial statements as well as the expected adoption method.</p> </div> <div> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="2%" align="left"><b>6.</b></td> <td valign="top" align="left"><b>INCOME TAXES</b></td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> We calculate our interim income tax provision in accordance with ASC Topic 270, Interim Reporting and ASC Topic 740, Accounting for Income Taxes.&#xA0;At the end of each interim period, we estimate the annual effective tax rate and apply that rate to our year to date earnings.&#xA0;The related tax expense or benefit is recognized in the interim period in which it occurs.&#xA0;In addition, the effect of changes in enacted tax laws, rates or tax status is recognized in the interim period in which the change occurs.&#xA0;The computation of the annual estimated effective tax rate at each interim period requires certain estimates and significant judgment including the expected operating income for the year, permanent and temporary differences as a result of differences between amounts measured and recognized in accordance with tax laws and financial accounting standards, and the likelihood of recovering deferred tax assets generated in the current fiscal year.&#xA0;The accounting estimates used to compute income tax expense may change as new events occur, additional information is obtained or the tax environment changes.</p> <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 12px"> &#xA0;</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt"> As of March 29, 2016, unrecognized tax benefits recorded was approximately $3.1 million, of which approximately $0.8 million, if reversed, would impact our effective tax rate.&#xA0;We anticipate a decrease of $1.8 million to our liability for unrecognized tax benefits within the next twelve-month period due to an expected change in tax accounting method that requires us to obtain IRS approval.&#xA0;A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="76%" align="center" border="0"> <tr> <td width="89%"></td> <td valign="bottom" width="7%"></td> <td></td> <td></td> <td></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Balance at December 29, 2015</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;$</td> <td valign="bottom" align="right">2,998&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Increase for tax positions taken in current period</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">&#xA0;&#xA0;105&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Balance at March 29, 2016</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;$</td> <td valign="bottom" align="right">3,103&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> Our uncertain tax positions are related to tax years that remain subject to examination by tax agencies.&#xA0;As of March 29, 2016, the earliest tax year subject to examination by the Internal Revenue Service is 2012.&#xA0;The earliest year subject to examination by a significant state or local taxing jurisdiction is 2011.</p> </div> 0.48 2016 <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> The fair value of each stock option grant issued is estimated at the date of grant using the <font style="WHITE-SPACE: nowrap">Black-Scholes</font> option-pricing model with the following weighted average assumptions:</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="58%" align="center" border="0"> <tr> <td width="51%"></td> <td valign="bottom" width="1%"></td> <td width="20%"></td> <td valign="bottom" width="1%"></td> <td width="6%"></td> <td valign="bottom" width="1%"></td> <td width="20%"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="5" align="center"> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"> <b>For&#xA0;the&#xA0;Thirteen&#xA0;Weeks&#xA0;Ended</b></p> </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" align="center"> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"> <b>&#xA0;&#xA0;March&#xA0;29,&#xA0;2016&#xA0;&#xA0;</b></p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" align="center"> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"> <b>&#xA0;&#xA0;March&#xA0;31,&#xA0;2015&#xA0;&#xA0;</b></p> </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Expected volatility</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">35.9%&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">37.1%&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Risk free interest rate</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">1.5%&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">1.4%&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Expected option life</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">5&#xA0;years&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">5&#xA0;years&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Dividend yield</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">0%&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">0%&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Fair value of options granted</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$14.37&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$16.45&#xA0;&#xA0;</td> </tr> </table> </div> 0.359 <div> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="2%" align="left"><b>4.</b></td> <td valign="top" align="left"><b>RELATED PARTY</b></td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> The Jacmar Companies and their affiliates (collectively referred to herein as &#x201C;Jacmar&#x201D;) are shareholders of ours and James Dal Pozzo, the Chief Executive Officer of Jacmar, is a member of our Board of Directors. Jacmar, through its affiliation with DMA, is currently our largest supplier of food, beverage, paper products and supplies. We began using DMA for our national foodservice distribution in July 2006. In July 2012, we finalized a new five-year agreement with DMA, after conducting another extensive competitive bidding process. Jacmar services our restaurants in California and Nevada, while other DMA distributors service our restaurants in all other states. Jacmar supplied us with $22.3 million and $21.6 million of food, beverage, paper products and supplies for the thirteen weeks ended March 29, 2016 and March 31, 2015, respectively, which represents 20.3% and 21.1% of our total costs of sales and operating and occupancy costs, respectively. We had trade payables related to these products of $5.7 million and $4.3 million, at March 29, 2016 and December 29, 2015, respectively. Jacmar does not provide us with any produce, liquor, wine or beer products, all of which are provided by other third party vendors and are included in &#x201C;Cost of sales&#x201D; on the Consolidated Statements of Income.</p> </div> 24691000 <div> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="2%" align="left"><b>2.</b></td> <td valign="top" align="left"><b>LONG-TERM DEBT</b></td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> <b><i>Line of Credit</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> On September 3, 2014, we entered into a new loan agreement (&#x201C;Credit Facility&#x201D;) which amended and restated in its entirety our prior loan agreement dated February 17, 2012.&#xA0;This Credit Facility, which matures on September 3, 2019, provides us with revolving loan commitments totaling $150 million, of which $50 million may be used for issuances of letters of credit.&#xA0;Availability under the Credit Facility is reduced by outstanding letters of credit, which are used to support our self-insurance programs.&#xA0;The Credit Facility contains a commitment increase feature that could provide for an additional $50 million in available credit upon our request and the satisfaction of certain conditions.&#xA0;Our obligations under the Credit Facility are unsecured.&#xA0;As of March 29, 2016, there were borrowings of $95.5 million outstanding under the Credit Facility and there were outstanding letters of credit totaling approximately $15.0 million. Available borrowings under the Credit Facility were $39.5 million as of March 29, 2016. The Credit Facility bears interest at either our choice of LIBOR plus a percentage not to exceed 1.75%, or at a rate ranging from Bank of America&#x2019;s publicly announced prime rate to 0.75% above Bank of America&#x2019;s prime rate, based on our level of lease and debt obligations as compared to EBITDA and lease expenses. During the quarter ended March 29, 2016, interest paid on the borrowings under the Credit Facility was approximately $0.4 million. The weighted average interest rate was approximately 1.44%.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> The Credit Facility contains provisions requiring us to maintain compliance with certain covenants, including a Fixed Charge Coverage Ratio and a Lease Adjusted Leverage Ratio.&#xA0;At March 29, 2016, we were in compliance with these covenants.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> We capitalized approximately $0.04 million of interest expense related to new restaurant openings and major remodels during both the thirteen weeks ended March 29, 2016, and March 31, 2015, respectively.</p> </div> 0.47 120000 <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> The following table presents information related to stock-based compensation (in thousands):</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="56%" align="center" border="0"> <tr> <td width="49%"></td> <td valign="bottom" width="1%"></td> <td width="20%"></td> <td valign="bottom" width="1%"></td> <td width="6%"></td> <td valign="bottom" width="1%"></td> <td width="22%"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="5" align="center"> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"> <b>For&#xA0;The&#xA0;Thirteen&#xA0;Weeks&#xA0;Ended</b></p> </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" align="center"> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"> <b>&#xA0;&#xA0;March&#xA0;29,&#xA0;2016&#xA0;&#xA0;</b></p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" align="center"> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"> <b>&#xA0;&#xA0;&#xA0;&#xA0;March&#xA0;31,&#xA0;2015&#xA0;&#xA0;&#xA0;&#xA0;</b></p> </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Labor and benefits</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$403&#xA0;&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$339&#xA0;&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> General and administrative</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$1,147&#xA0;&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$920&#xA0;&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Capitalized (1)</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$78&#xA0;&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$60&#xA0;&#xA0;&#xA0;</td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td width="3%">&#xA0;</td> <td valign="top" width="3%" align="left">(1)</td> <td valign="top" align="left">Capitalized stock-based compensation relates to our restaurant development personnel and is included in &#x201C;Property and equipment, net&#x201D; on the Consolidated Balance Sheets.</td> </tr> </table> </div> 0.00 726000 -652000 11939000 25333000 397000 16393000 -749000 333000 16403000 2106000 -387000 105000 243401000 196000 10000 -1589000 -10715000 -1150000 11644000 325000 24530000 205000000 78000 24500000 -29138000 15598000 4759000 -7654000 14362000 200000000 40000 -37000 227008000 22300000 400000 1891000 132000 1439000 84778000 252000 45000 1550000 1991000 -25333000 60640000 543000 369000 0.203 41.76 49073000 P5Y P10Y 0.67 0.33 P3Y P5Y P3Y P5Y 66000 43.60 11000 P5Y 42.51 25000 38.95 <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt"> Time-based restricted stock unit activity was as follows:</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="60%" align="center" border="0"> <tr> <td width="64%"></td> <td valign="bottom" width="1%"></td> <td width="18%"></td> <td valign="bottom" width="1%"></td> <td width="1%"></td> <td valign="bottom" width="1%"></td> <td width="14%"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"><b>Shares</b></p> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"><b>&#xA0;&#xA0;(in&#xA0;thousands)&#xA0;</b></p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"><b>Weighted</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"><b>Average</b></p> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"><b>Fair&#xA0;Value&#xA0;&#xA0;&#xA0;&#xA0;</b></p> </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" colspan="5"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Outstanding at December 29, 2015</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">429</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="right">$39.63&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Granted</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">66</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="right">$42.51&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Vested or released</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(25)</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="right">$38.95&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Forfeited</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">(11)</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="right">$43.60&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" colspan="5"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Outstanding at March 29, 2016</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">459</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="right">$39.98&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" colspan="5"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> </tr> </table> </div> 1.00 0.67 0.33 P3Y P5Y 0 0 P3Y 42.41 0 32000 0 <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt"> Performance-based restricted stock unit activity was as follows:</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="62%" align="center" border="0"> <tr> <td width="70%"></td> <td valign="bottom" width="2%"></td> <td width="16%"></td> <td valign="bottom" width="2%"></td> <td width="1%"></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"><b>Shares</b></p> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"><b>&#xA0;&#xA0;(in&#xA0;thousands)&#xA0;</b></p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" colspan="2" align="center"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"><b>Weighted</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"><b>Average</b></p> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"> <b>&#xA0;Fair&#xA0;Value&#xA0;&#xA0;&#xA0;&#xA0;</b></p> </td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" colspan="6"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Outstanding at December 29, 2015</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">29&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$32.49&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Granted</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">32&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$42.41&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Vested or released</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">&#x2013;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> $&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2013;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Forfeited</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">&#x2013;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> $&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2013;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" colspan="6"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Outstanding at March 29, 2016</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">61&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$37.70&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom" colspan="6"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> </table> </div> P5Y 2011 2012 0.0175 0.0075 2019-09-03 P5Y 1147000 403000 0001013488 bjri:LaborAndBenefitsMember 2015-12-30 2016-03-29 0001013488 us-gaap:GeneralAndAdministrativeExpenseMember 2015-12-30 2016-03-29 0001013488 bjri:JacmarCompaniesMember 2015-12-30 2016-03-29 0001013488 us-gaap:RevolvingCreditFacilityMemberbjri:CreditFacilityAgreementMember 2015-12-30 2016-03-29 0001013488 us-gaap:RevolvingCreditFacilityMemberbjri:CreditFacilityAgreementMemberus-gaap:MinimumMemberus-gaap:PrimeRateMember 2015-12-30 2016-03-29 0001013488 us-gaap:RevolvingCreditFacilityMemberbjri:CreditFacilityAgreementMemberus-gaap:MaximumMemberus-gaap:LondonInterbankOfferedRateLIBORMember 2015-12-30 2016-03-29 0001013488 us-gaap:DomesticCountryMemberus-gaap:EarliestTaxYearMember 2015-12-30 2016-03-29 0001013488 us-gaap:StateAndLocalJurisdictionMemberus-gaap:EarliestTaxYearMember 2015-12-30 2016-03-29 0001013488 bjri:TwoThousandAndFiveEquityIncentivePlanMemberus-gaap:MinimumMember 2015-12-30 2016-03-29 0001013488 bjri:PerformanceBasedRestrictedStockUnitsMember 2015-12-30 2016-03-29 0001013488 bjri:TimeVestedRestrictedStockUnitsMemberus-gaap:MaximumMember 2015-12-30 2016-03-29 0001013488 bjri:TimeVestedRestrictedStockUnitsMemberus-gaap:MinimumMember 2015-12-30 2016-03-29 0001013488 bjri:TimeVestedRestrictedStockUnitsMemberbjri:CliffVestingThirdAnniversaryMember 2015-12-30 2016-03-29 0001013488 bjri:TimeVestedRestrictedStockUnitsMemberbjri:CliffVestingFifthAnniversaryMember 2015-12-30 2016-03-29 0001013488 bjri:TimeVestedRestrictedStockUnitsMemberbjri:CliffVestingYearFiveMember 2015-12-30 2016-03-29 0001013488 bjri:TimeVestedRestrictedStockUnitsMember 2015-12-30 2016-03-29 0001013488 bjri:TimeBasedRestrictedStockUnitsMember 2015-12-30 2016-03-29 0001013488 us-gaap:EmployeeStockOptionMemberus-gaap:MaximumMember 2015-12-30 2016-03-29 0001013488 us-gaap:EmployeeStockOptionMemberus-gaap:MinimumMember 2015-12-30 2016-03-29 0001013488 us-gaap:EmployeeStockOptionMemberus-gaap:MaximumMemberbjri:CliffVestingMember 2015-12-30 2016-03-29 0001013488 us-gaap:EmployeeStockOptionMemberus-gaap:MinimumMemberbjri:CliffVestingMember 2015-12-30 2016-03-29 0001013488 us-gaap:EmployeeStockOptionMemberbjri:CliffVestingThirdAnniversaryMember 2015-12-30 2016-03-29 0001013488 us-gaap:EmployeeStockOptionMemberbjri:CliffVestingFifthAnniversaryMember 2015-12-30 2016-03-29 0001013488 us-gaap:EmployeeStockOptionMember 2015-12-30 2016-03-29 0001013488 2015-12-30 2016-03-29 0001013488 bjri:LaborAndBenefitsMember 2014-12-31 2015-03-31 0001013488 us-gaap:GeneralAndAdministrativeExpenseMember 2014-12-31 2015-03-31 0001013488 2014-12-31 2015-03-31 0001013488 2014-12-30 0001013488 us-gaap:RevolvingCreditFacilityMemberbjri:CreditFacilityAgreementMember 2014-09-03 0001013488 us-gaap:LetterOfCreditMemberbjri:CreditFacilityAgreementMember 2014-09-03 0001013488 2014-09-03 0001013488 us-gaap:UnsecuredDebtMember 2016-03-29 0001013488 bjri:PerformanceBasedRestrictedStockUnitsMember 2016-03-29 0001013488 bjri:TimeBasedRestrictedStockUnitsMember 2016-03-29 0001013488 us-gaap:RestrictedStockUnitsRSUMember 2016-03-29 0001013488 us-gaap:EmployeeStockOptionMember 2016-03-29 0001013488 2016-03-29 0001013488 2015-03-31 0001013488 2016-04-29 0001013488 bjri:PerformanceBasedRestrictedStockUnitsMember 2015-12-29 0001013488 bjri:TimeBasedRestrictedStockUnitsMember 2015-12-29 0001013488 2015-12-29 iso4217:USD shares shares iso4217:USD pure Capitalized stock-based compensation relates to our restaurant development personnel and is included in "Property and equipment, net" on the Consolidated Balance Sheets. EX-101.SCH 5 bjri-20160329.xsd XBRL TAXONOMY EXTENSION SCHEMA 101 - Document - Document and Entity Information link:calculationLink link:presentationLink link:definitionLink 103 - Statement - Consolidated Balance Sheets link:calculationLink link:presentationLink link:definitionLink 104 - Statement - Consolidated Balance Sheets (Parenthetical) link:calculationLink link:presentationLink link:definitionLink 105 - Statement - Consolidated Statements of Income link:calculationLink link:presentationLink link:definitionLink 106 - Statement - Consolidated Statements of Cash Flows link:calculationLink link:presentationLink link:definitionLink 107 - Disclosure - Basis of Presentation link:calculationLink link:presentationLink link:definitionLink 108 - Disclosure - Long-Term Debt link:calculationLink link:presentationLink link:definitionLink 109 - Disclosure - Net Income Per Share link:calculationLink link:presentationLink link:definitionLink 110 - Disclosure - Related Party link:calculationLink link:presentationLink link:definitionLink 111 - Disclosure - Stock-Based Compensation link:calculationLink link:presentationLink link:definitionLink 112 - Disclosure - Income Taxes link:calculationLink link:presentationLink link:definitionLink 113 - Disclosure - Legal Proceedings link:calculationLink link:presentationLink link:definitionLink 114 - Disclosure - Stock Repurchases link:calculationLink link:presentationLink link:definitionLink 115 - Disclosure - Basis of Presentation (Policies) link:calculationLink link:presentationLink link:definitionLink 116 - Disclosure - Net Income Per Share (Tables) link:calculationLink link:presentationLink link:definitionLink 117 - Disclosure - Stock-Based Compensation (Tables) link:calculationLink link:presentationLink link:definitionLink 118 - Disclosure - Income Taxes (Tables) link:calculationLink link:presentationLink link:definitionLink 119 - Disclosure - Long-Term Debt - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink 120 - Disclosure - Reconciliation of Basic and Diluted Net Income Per Share Computations and Number of Dilutive Equity Awards (Stock Options and Restricted Stock Units) Included in Dilutive Net Income Per Share Computation (Detail) link:calculationLink link:presentationLink link:definitionLink 121 - Disclosure - Net Income Per Share - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink 122 - Disclosure - Related Party - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink 123 - Disclosure - Stock-Based Compensation - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink 124 - Disclosure - Information Related to Stock-Based Compensation (Detail) link:calculationLink link:presentationLink link:definitionLink 125 - Disclosure - Black-Scholes Option-Pricing Model, Weighted Average Assumptions and Fair Value of Options Granted (Detail) link:calculationLink link:presentationLink link:definitionLink 126 - Disclosure - Stock Option Activity (Detail) link:calculationLink link:presentationLink link:definitionLink 127 - Disclosure - Time-Based Restricted Stock Unit Activity (Detail) link:calculationLink link:presentationLink link:definitionLink 128 - Disclosure - Performance-Based Restricted Stock Unit Activity (Detail) link:calculationLink link:presentationLink link:definitionLink 129 - Disclosure - Income Taxes - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink 130 - Disclosure - Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits (Detail) link:calculationLink link:presentationLink link:definitionLink 131 - Disclosure - Stock Repurchases - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink EX-101.CAL 6 bjri-20160329_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.DEF 7 bjri-20160329_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 8 bjri-20160329_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE EX-101.PRE 9 bjri-20160329_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE XML 10 R1.htm IDEA: XBRL DOCUMENT v3.4.0.3
Document and Entity Information - shares
3 Months Ended
Mar. 29, 2016
Apr. 29, 2016
Document And Entity Information [Abstract]    
Document Type 10-Q  
Amendment Flag false  
Document Period End Date Mar. 29, 2016  
Document Fiscal Year Focus 2016  
Document Fiscal Period Focus Q1  
Trading Symbol BJRI  
Entity Registrant Name BJs RESTAURANTS INC  
Entity Central Index Key 0001013488  
Current Fiscal Year End Date --12-29  
Entity Filer Category Large Accelerated Filer  
Entity Common Stock, Shares Outstanding   24,125,737
XML 11 R2.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 29, 2016
Dec. 29, 2015
Current assets:    
Cash and cash equivalents $ 26,950 $ 34,604
Accounts and other receivables, net 13,060 25,364
Inventories, net 9,226 8,893
Prepaid expenses and other current assets 5,891 7,171
Deferred income taxes 16,971 16,971
Total current assets 72,098 93,003
Property and equipment, net 572,311 561,832
Goodwill 4,673 4,673
Other assets, net 22,622 22,157
Total assets 671,704 681,665
Current liabilities:    
Accounts payable 34,309 33,033
Accrued expenses 85,852 83,861
Total current liabilities 120,161 116,894
Deferred income taxes 48,560 46,669
Deferred rent 28,279 27,627
Deferred lease incentives 53,800 53,837
Long-term debt 95,500 100,500
Other liabilities 19,787 19,655
Total liabilities $ 366,087 $ 365,182
Commitments and contingencies
Shareholders' equity:    
Preferred stock, 5,000 shares authorized, none issued or outstanding
Common stock, no par value, 125,000 shares authorized and 24,124 and 24,672 shares issued and outstanding as of March 29, 2016 and December 29, 2015, respectively   $ 7,367
Capital surplus $ 63,519 63,290
Retained earnings 242,098 245,826
Total shareholders' equity 305,617 316,483
Total liabilities and shareholders' equity $ 671,704 $ 681,665
XML 12 R3.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Balance Sheets (Parenthetical) - $ / shares
Mar. 29, 2016
Dec. 29, 2015
Statement of Financial Position [Abstract]    
Preferred stock, shares authorized 5,000,000 5,000,000
Preferred stock, issued 0 0
Preferred stock, outstanding 0 0
Common stock, par value
Common stock, shares authorized 125,000,000 125,000,000
Common stock, shares issued 24,124,000 24,672,000
Common stock, shares outstanding 24,124,000 24,672,000
XML 13 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 29, 2016
Mar. 31, 2015
Income Statement [Abstract]    
Revenues $ 243,401 $ 225,069
Costs and expenses:    
Cost of sales 60,640 56,171
Labor and benefits 84,778 79,695
Occupancy and operating 49,073 46,590
General and administrative 14,362 13,493
Depreciation and amortization 15,598 14,361
Restaurant opening 1,439 1,284
Loss on disposal of assets and impairments 749 383
Legal and other settlements 369  
Total costs and expenses 227,008 211,977
Income from operations 16,393 13,092
Other income:    
Interest expense, net (387) (241)
Other income, net 397 336
Total other income 10 95
Income before income taxes 16,403 13,187
Income tax expense 4,759 3,572
Net income $ 11,644 $ 9,615
Net income per share:    
Basic $ 0.48 $ 0.37
Diluted $ 0.47 $ 0.36
Weighted average number of shares outstanding:    
Basic 24,278 26,310
Diluted 24,691 26,916
XML 14 R5.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 29, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income $ 11,644 $ 9,615
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 15,598 14,361
Deferred income taxes 1,891 165
Stock-based compensation expense 1,550 1,259
Loss on disposal of assets and impairments 749 383
Changes in assets and liabilities:    
Accounts and other receivables 10,715 3,401
Landlord contribution for tenant improvements 1,589 (2,199)
Inventories (333) 187
Prepaid expenses and other current assets 1,150 1,483
Other assets (726) (1,756)
Accounts payable 252 (2,702)
Accrued expenses 1,991 3,495
Deferred rent 652 872
Deferred lease incentives (37) 1,498
Other liabilities 132 767
Net cash provided by operating activities 46,817 30,829
Cash flows from investing activities:    
Purchases of property and equipment (25,333) (15,750)
Net cash used in investing activities (25,333) (15,750)
Cash flows from financing activities:    
Borrowings on line of credit 200,000 30,100
Payments on line of credit (205,000) (49,500)
Excess tax benefit from stock-based compensation 45 2,355
Taxes paid on vested stock units under employee plans (196) (133)
Proceeds from exercise of stock options 543 4,151
Repurchases of common stock (24,530) (6,774)
Net cash used in financing activities (29,138) (19,801)
Net decrease in cash and cash equivalents (7,654) (4,722)
Cash and cash equivalents, beginning of period 34,604 30,683
Cash and cash equivalents, end of period 26,950 25,961
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 2,106 6,336
Cash paid for interest, net of capitalized interest 325 175
Supplemental disclosure of non-cash investing and financing activities:    
Fixed assets acquired by accounts payable 11,939 11,424
Stock-based compensation capitalized [1] $ 78 $ 60
[1] Capitalized stock-based compensation relates to our restaurant development personnel and is included in "Property and equipment, net" on the Consolidated Balance Sheets.
XML 15 R6.htm IDEA: XBRL DOCUMENT v3.4.0.3
Basis of Presentation
3 Months Ended
Mar. 29, 2016
Accounting Policies [Abstract]  
Basis of Presentation
1. BASIS OF PRESENTATION

The accompanying unaudited consolidated financial statements include the accounts of BJ’s Restaurants, Inc. (referred to herein as the “Company” or “we,” “us” and “our”) and our wholly owned subsidiaries. The financial statements presented herein include all material adjustments which are, in the opinion of management, necessary for a fair presentation of the statements of the financial condition, results of operations and cash flows for the period. Our consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. The preparation of financial statements in accordance with U.S. GAAP requires us to make certain estimates and assumptions for the reporting periods covered by the financial statements. These estimates and assumptions affect the reported amounts of assets, liabilities, revenues and expenses. Actual amounts could differ from these estimates.

Certain information and footnote disclosures normally included in consolidated financial statements in accordance with U.S. GAAP have been omitted pursuant to the U.S. Securities and Exchange Commission (“SEC”) rules. A description of our accounting policies and other financial information is included in our audited consolidated financial statements filed with the SEC on Form 10-K for the year ended December 29, 2015. The disclosures included in our accompanying interim financial statements and footnotes should be read in conjunction with our consolidated financial statements and notes thereto included in the Annual Report on Form 10-K.

Recent Accounting Pronouncements

In August 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-15, Disclosure of Uncertainties about an Entity’s Going Concern (Subtopic 205-40). This update requires management to evaluate whether there are conditions or events that raise substantial doubt about an entity’s ability to continue as a going concern within one year after the financial statements are issued. Management must disclose any doubts about the Company’s ability to continue as a going concern and whether its plans alleviate that doubt. Management is required to make this evaluation for annual periods ending after December 15, 2016, and for interim periods beginning after December 15, 2016, and early adoption is permitted. We do not believe the adoption of ASU 2014-15 will have a material impact on our consolidated financial statements.

In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs (Subtopic 835-30). This update requires debt issuance costs to be presented within the balance sheet as a direct deduction from the associated debt liability. Currently, certain debt issuance costs are recorded as an asset and amortized to interest expense. Under the new standard, debt issuance costs will continue to be amortized over the life of the debt instrument and amortization will continue to be recorded in interest expense. ASU 2015-03 became effective during the current quarter. The adoption of this standard did not have a material impact on our consolidated financial statements.

In July 2015, the FASB issued ASU 2015-11, Inventory: Simplifying the Measurement of Inventory (Topic 330). This update provides guidance on the subsequent measurement of inventory, which changes the measurement from lower of cost or market to lower of cost and net realizable value. This update defines net realizable value as the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation, and is effective for annual and interim periods beginning after December 15, 2016. The adoption of this update is not expected to have a material impact on our consolidated financial statements.

In November 2015, the FASB issued ASU 2015-17, Balance Sheet Classification of Deferred Taxes (Topic 740). This update requires that deferred tax liabilities and assets be classified as noncurrent in a classified balance sheet. This update is effective for annual and interim periods beginning after December 15, 2016, and early adoption is permitted. Other than the revised balance sheet presentation of deferred tax liabilities and assets, we do not expect the adoption of this guidance to have a material impact on our consolidated financial statements.

In January 2016, the FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities (Subtopic 825-10). Among other requirements, this guidance requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset on the balance sheet. This presentation provides financial statement users with more decision-useful information about an entity’s involvement in financial instruments. ASU 2016-01 is effective for annual and interim reporting periods beginning after December 15, 2017. We are currently evaluating the impact this guidance will have on our consolidated financial statements.

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). This guidance requires recognition of most leases on the balance sheets to give investors, lenders, and other financial statement users a more comprehensive view of a company’s long-term financial obligations as well as the assets it owns versus leases. ASU 2016-02 will be effective for fiscal years beginning after December 15, 2018, and for interim periods within those fiscal years. Currently, all of our restaurant and our restaurant support center leases are accounted for as operating leases, and therefore are not recorded within our balance sheet. We are currently evaluating the impact that this guidance will have on our consolidated financial statements as well as the expected adoption method.

In March 2016, the FASB issued ASU 2016-04, Recognition of Breakage for Certain Prepaid Stored-Value Products (Subtopic 405-20). This guidance defines liabilities related to the sale of prepaid stored-value products as financial liabilities and requires that breakage for those liabilities be accounted for consistent with the breakage guidance in Topic 606 (Principal versus Agent Considerations). ASU 2016-04 is effective for annual and interim reporting periods beginning after December 15, 2017. We are currently evaluating the impact that this guidance will have on our consolidated financial statements.

In March 2016, the FASB issued ASU 2016-08, Revenue from Contracts with Customers Topic 606 (Principal versus Agent Considerations). This update clarifies how to implement revenue recognition guidance related to determining whether an entity is a principal or an agent in a revenue transaction. The guidance requires an entity to determine whether the nature of its promise is to provide goods or services to its customer (the entity is a principal) or to arrange for goods or services to be provided to the customer by the other parties (the entity is an agent). This determination is based upon whether the entity controls the goods or the services before it is transferred to the customer. An entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2016-08 is effective for annual and interim reporting periods beginning after December 15, 2017, and early application is permitted. This update permits the use of either the retrospective or cumulative effect transition method. We are currently evaluating the impact this standard will have on our consolidated financial statements.

In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting (Topic 718). This guidance will change how companies account for certain aspects of share-based payments to employees. They will have to recognize all income tax effects of awards in the income statement when the awards vest or are settled, and additional paid-in capital (“APIC”) pools will be eliminated. The guidance on employer’s accounting for an employee’s use of shares to satisfy the employer’s statutory income tax withholding obligation and for forfeitures is changing, and two practical expedients for nonpublic entities have been added. ASU 2016-09 is effective for annual and interim reporting periods beginning after December 15, 2016, and early adoption is permitted. We are currently evaluating the impact this guidance will have on our consolidated financial statements.

In April 2016, the FASB issued ASU 2016-10, an amendment to ASU 2014-09, Revenue from Contracts with Customers (Topic 606). This guidance provides a comprehensive new revenue recognition model that requires a company to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. Additionally, this guidance expands related disclosure requirements. The amendment addressed the potential for diversity in practice at initial application. ASU 2016-10 is effective for annual and interim reporting periods beginning after December 15, 2017, and early application is permitted. This update permits the use of either the retrospective or cumulative effect transition method. We are currently evaluating the impact this standard will have on our consolidated financial statements as well as the expected adoption method.

XML 16 R7.htm IDEA: XBRL DOCUMENT v3.4.0.3
Long-Term Debt
3 Months Ended
Mar. 29, 2016
Debt Disclosure [Abstract]  
Long-Term Debt
2. LONG-TERM DEBT

Line of Credit

On September 3, 2014, we entered into a new loan agreement (“Credit Facility”) which amended and restated in its entirety our prior loan agreement dated February 17, 2012. This Credit Facility, which matures on September 3, 2019, provides us with revolving loan commitments totaling $150 million, of which $50 million may be used for issuances of letters of credit. Availability under the Credit Facility is reduced by outstanding letters of credit, which are used to support our self-insurance programs. The Credit Facility contains a commitment increase feature that could provide for an additional $50 million in available credit upon our request and the satisfaction of certain conditions. Our obligations under the Credit Facility are unsecured. As of March 29, 2016, there were borrowings of $95.5 million outstanding under the Credit Facility and there were outstanding letters of credit totaling approximately $15.0 million. Available borrowings under the Credit Facility were $39.5 million as of March 29, 2016. The Credit Facility bears interest at either our choice of LIBOR plus a percentage not to exceed 1.75%, or at a rate ranging from Bank of America’s publicly announced prime rate to 0.75% above Bank of America’s prime rate, based on our level of lease and debt obligations as compared to EBITDA and lease expenses. During the quarter ended March 29, 2016, interest paid on the borrowings under the Credit Facility was approximately $0.4 million. The weighted average interest rate was approximately 1.44%.

The Credit Facility contains provisions requiring us to maintain compliance with certain covenants, including a Fixed Charge Coverage Ratio and a Lease Adjusted Leverage Ratio. At March 29, 2016, we were in compliance with these covenants.

We capitalized approximately $0.04 million of interest expense related to new restaurant openings and major remodels during both the thirteen weeks ended March 29, 2016, and March 31, 2015, respectively.

XML 17 R8.htm IDEA: XBRL DOCUMENT v3.4.0.3
Net Income Per Share
3 Months Ended
Mar. 29, 2016
Earnings Per Share [Abstract]  
Net Income Per Share
3. NET INCOME PER SHARE

Basic net income per share is computed by dividing the net income attributable to common shareholders by the weighted average number of common shares outstanding during the period. Diluted net income per share reflects the potential dilution that could occur if stock options issued by us to sell common stock at set prices were exercised and if restrictions on restricted stock units issued by us were to lapse (collectively, equity awards) using the treasury stock method. Performance-based restricted stock units have been excluded from the diluted income per share computation because the performance-based criteria have not been met.

The following table presents a reconciliation of basic and diluted net income per share, including the number of dilutive equity awards (stock options and restricted stock units) that were included in the dilutive net income per share computation (in thousands):

 

     For The Thirteen Weeks Ended  
       March 29, 2016          March 31, 2015    

Numerator:

     

Net income

     $11,644          $9,615    
  

 

 

    

 

 

 

Denominator:

     

Weighted-average shares outstanding – basic

     24,278          26,310    

Dilutive effect of equity awards

     413          606    
  

 

 

    

 

 

 

Weighted-average shares outstanding – diluted

     24,691          26,916    
  

 

 

    

 

 

 

For the thirteen weeks ended March 29, 2016 and March 31, 2015, there were approximately 0.3 million and 0.1 million shares of common stock equivalents, respectively, that have been excluded from the calculation of diluted net income per share because they are anti-dilutive.

XML 18 R9.htm IDEA: XBRL DOCUMENT v3.4.0.3
Related Party
3 Months Ended
Mar. 29, 2016
Related Party Transactions [Abstract]  
Related Party
4. RELATED PARTY

The Jacmar Companies and their affiliates (collectively referred to herein as “Jacmar”) are shareholders of ours and James Dal Pozzo, the Chief Executive Officer of Jacmar, is a member of our Board of Directors. Jacmar, through its affiliation with DMA, is currently our largest supplier of food, beverage, paper products and supplies. We began using DMA for our national foodservice distribution in July 2006. In July 2012, we finalized a new five-year agreement with DMA, after conducting another extensive competitive bidding process. Jacmar services our restaurants in California and Nevada, while other DMA distributors service our restaurants in all other states. Jacmar supplied us with $22.3 million and $21.6 million of food, beverage, paper products and supplies for the thirteen weeks ended March 29, 2016 and March 31, 2015, respectively, which represents 20.3% and 21.1% of our total costs of sales and operating and occupancy costs, respectively. We had trade payables related to these products of $5.7 million and $4.3 million, at March 29, 2016 and December 29, 2015, respectively. Jacmar does not provide us with any produce, liquor, wine or beer products, all of which are provided by other third party vendors and are included in “Cost of sales” on the Consolidated Statements of Income.

XML 19 R10.htm IDEA: XBRL DOCUMENT v3.4.0.3
Stock-Based Compensation
3 Months Ended
Mar. 29, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation
5. STOCK-BASED COMPENSATION

Our current shareholder approved stock-based compensation plan is the 2005 Equity Incentive Plan (“the Plan”). Under the Plan, we may issue shares of our common stock to employees, officers, directors and consultants. We have granted incentive stock options, non-qualified stock options, and performance and time-based restricted stock units. Stock options and stock appreciation rights are charged against the Plan share reserve on the basis of one share for each one share granted. Other types of grants, including restricted stock units (“RSUs”), are currently charged against the Plan share reserve on the basis of 1.5 shares for each one share granted. The Plan also contains other limits on the terms of incentive grants such as limits on the number that can be granted to an employee during any fiscal year. All options granted under the Plan expire within 10 years of their date of grant.

Under the Plan, we issue time-based and performance-based RSUs and stock options to officers. We issue time-based RSUs and stock options to other support employees. We also issue time-based RSUs and stock options in connection with the BJ’s Gold Standard Stock Ownership Program (the “GSSOP”). The GSSOP is a long-term equity incentive program for our restaurant general managers, executive kitchen mangers and restaurant field supervision. GSSOP grants are dependent on the length of each participant’s service with us (at least five years) and position. All GSSOP participants must remain in good standing during their service period.

The Plan permits us to set the vesting terms and exercise period for awards at our discretion. Stock options generally vest ratably over 3 or 5 years, cliff vest at 3 or 5 years, or vest at 33% on the third anniversary and 67% on the fifth anniversary, and expire ten years from date of grant. Time-based RSUs generally vest ratably over three or five years for non-GSSOP RSU grantees and generally cliff vest either at 33% on the third anniversary and 67% on the fifth anniversary or at 100% after the fifth anniversary for GSSOP participants. Performance-based RSUs generally cliff vest on the third anniversary of the date of grant in a quantity that is dependent on the level of target achievement.

The following table presents information related to stock-based compensation (in thousands):

 

   

For The Thirteen Weeks Ended

   

  March 29, 2016  

     

    March 31, 2015    

Labor and benefits

  $403        $339   

General and administrative

  $1,147        $920   

Capitalized (1)

  $78        $60   

 

  (1) Capitalized stock-based compensation relates to our restaurant development personnel and is included in “Property and equipment, net” on the Consolidated Balance Sheets.

Stock Options

The fair value of each stock option grant issued is estimated at the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions:

 

   

For the Thirteen Weeks Ended

   

  March 29, 2016  

     

  March 31, 2015  

Expected volatility

  35.9%       37.1%  

Risk free interest rate

  1.5%       1.4%  

Expected option life

  5 years       5 years  

Dividend yield

  0%       0%  

Fair value of options granted

  $14.37       $16.45  

The exercise price of the stock options under our stock-based compensation plan is required to equal or exceed the fair market value of the shares on the option grant date. The following table represents stock option activity:

 

    Options Outstanding   Options Exercisable
      Shares  
  (in thousands)
 

    Weighted    
Average
Exercise

Price

    Shares  
  (in thousands)
 

    Weighted    
Average
Exercise

Price

Outstanding at December 29, 2015

  1,224   $30.59   729   $25.41  

Granted

  120   $42.48    

Exercised

  (16)   $33.00    

Forfeited

  (11)   $39.92    
 

 

Outstanding at March 29, 2016

  1,317   $31.56   809   $26.75  
 

 

 

As of March 29, 2016, total unrecognized stock-based compensation expense related to non-vested stock options was $5.4 million, which is generally expected to be recognized over the next five years.

Restricted Stock Units

Time-Based Restricted Stock Units

Time-based restricted stock unit activity was as follows:

 

   

Shares

  (in thousands) 

      

Weighted

Average

Fair Value    

 

 

Outstanding at December 29, 2015

  429      $39.63 

Granted

  66      $42.51 

Vested or released

  (25)      $38.95 

Forfeited

  (11)      $43.60 
 

 

Outstanding at March 29, 2016

  459      $39.98 
 

 

The fair value of our time-based RSUs is the quoted market value of our common stock on the date of grant. The fair value of each time-based RSU is expensed over the vesting period (e.g., five years). As of March 29, 2016, total unrecognized stock-based compensation expense related to non-vested RSUs was approximately $9.9 million, which is generally expected to be recognized over the next five years.

Performance-Based Restricted Stock Units

Performance-based restricted stock unit activity was as follows:

 

   

Shares

  (in thousands) 

      

Weighted

Average

 Fair Value    

 
 

 

 

Outstanding at December 29, 2015

  29         $32.49    

Granted

  32         $42.41    

Vested or released

  –         $       –    

Forfeited

  –         $       –    
 

 

 

Outstanding at March 29, 2016

  61         $37.70    
 

 

 

The fair value of our performance-based RSUs is the quoted market value of our common stock on the date of grant. The fair value of each performance-based RSU is recognized when it is probable the performance goal will be achieved. As of March 29, 2016, total unrecognized stock-based compensation expense related to non-vested performance-based RSUs was approximately $1.3 million, which is generally expected to be recognized over the next three years.

XML 20 R11.htm IDEA: XBRL DOCUMENT v3.4.0.3
Income Taxes
3 Months Ended
Mar. 29, 2016
Income Tax Disclosure [Abstract]  
Income Taxes
6. INCOME TAXES

We calculate our interim income tax provision in accordance with ASC Topic 270, Interim Reporting and ASC Topic 740, Accounting for Income Taxes. At the end of each interim period, we estimate the annual effective tax rate and apply that rate to our year to date earnings. The related tax expense or benefit is recognized in the interim period in which it occurs. In addition, the effect of changes in enacted tax laws, rates or tax status is recognized in the interim period in which the change occurs. The computation of the annual estimated effective tax rate at each interim period requires certain estimates and significant judgment including the expected operating income for the year, permanent and temporary differences as a result of differences between amounts measured and recognized in accordance with tax laws and financial accounting standards, and the likelihood of recovering deferred tax assets generated in the current fiscal year. The accounting estimates used to compute income tax expense may change as new events occur, additional information is obtained or the tax environment changes.

 

As of March 29, 2016, unrecognized tax benefits recorded was approximately $3.1 million, of which approximately $0.8 million, if reversed, would impact our effective tax rate. We anticipate a decrease of $1.8 million to our liability for unrecognized tax benefits within the next twelve-month period due to an expected change in tax accounting method that requires us to obtain IRS approval. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):

 

Balance at December 29, 2015

     $ 2,998     

Increase for tax positions taken in current period

       105     
  

 

 

 

Balance at March 29, 2016

     $ 3,103     
  

 

 

 

Our uncertain tax positions are related to tax years that remain subject to examination by tax agencies. As of March 29, 2016, the earliest tax year subject to examination by the Internal Revenue Service is 2012. The earliest year subject to examination by a significant state or local taxing jurisdiction is 2011.

XML 21 R12.htm IDEA: XBRL DOCUMENT v3.4.0.3
Legal Proceedings
3 Months Ended
Mar. 29, 2016
Commitments and Contingencies Disclosure [Abstract]  
Legal Proceedings
7. LEGAL PROCEEDINGS

We are subject to private lawsuits, administrative proceedings and demands that arise in the ordinary course of our business and which typically involve claims from customers, employees and others related to operational, employment, real estate and intellectual property issues common to the foodservice industry. A number of these claims may exist at any given time. We are self-insured for a portion of our general liability and our employee workers’ compensation requirements. We maintain coverage with a third party insurer to limit our total exposure. We believe that most of our customer claims will be covered by our general liability insurance, subject to coverage limits and the portion of such claims that are self-insured. Punitive damages awards and employee unfair practice claims, however, are not covered by our general liability insurance. To date, we have not been ordered to pay punitive damages with respect to any claims, but there can be no assurance that punitive damages will not be awarded with respect to any future claims. We could be affected by adverse publicity resulting from allegations in lawsuits, claims and proceedings, regardless of whether these allegations are valid or whether we are ultimately determined to be liable. We currently believe that the final disposition of these types of lawsuits, proceedings and claims will not have a material adverse effect on our financial position, results of operations or liquidity. It is possible, however, that our future results of operations for a particular quarter or fiscal year could be impacted by changes in circumstances relating to lawsuits, proceedings or claims.

XML 22 R13.htm IDEA: XBRL DOCUMENT v3.4.0.3
Stock Repurchases
3 Months Ended
Mar. 29, 2016
Equity [Abstract]  
Stock Repurchases
8. STOCK REPURCHASES

During the thirteen weeks ended March 29, 2016, we repurchased and retired approximately 0.6 million shares of our common stock at an average price of $41.76 per share for a total of $24.5 million, which is recorded as a reduction in common stock, with any excess change to retained earnings. As of March 29, 2016, approximately $29.9 million remains available for additional repurchases under our authorized repurchase program.

XML 23 R14.htm IDEA: XBRL DOCUMENT v3.4.0.3
Basis of Presentation (Policies)
3 Months Ended
Mar. 29, 2016
Accounting Policies [Abstract]  
Basis of Presentation

The accompanying unaudited consolidated financial statements include the accounts of BJ’s Restaurants, Inc. (referred to herein as the “Company” or “we,” “us” and “our”) and our wholly owned subsidiaries. The financial statements presented herein include all material adjustments which are, in the opinion of management, necessary for a fair presentation of the statements of the financial condition, results of operations and cash flows for the period. Our consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. The preparation of financial statements in accordance with U.S. GAAP requires us to make certain estimates and assumptions for the reporting periods covered by the financial statements. These estimates and assumptions affect the reported amounts of assets, liabilities, revenues and expenses. Actual amounts could differ from these estimates.

Certain information and footnote disclosures normally included in consolidated financial statements in accordance with U.S. GAAP have been omitted pursuant to the U.S. Securities and Exchange Commission (“SEC”) rules. A description of our accounting policies and other financial information is included in our audited consolidated financial statements filed with the SEC on Form 10-K for the year ended December 29, 2015. The disclosures included in our accompanying interim financial statements and footnotes should be read in conjunction with our consolidated financial statements and notes thereto included in the Annual Report on Form 10-K.

Recent Accounting Pronouncements

Recent Accounting Pronouncements

In August 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-15, Disclosure of Uncertainties about an Entity’s Going Concern (Subtopic 205-40). This update requires management to evaluate whether there are conditions or events that raise substantial doubt about an entity’s ability to continue as a going concern within one year after the financial statements are issued. Management must disclose any doubts about the Company’s ability to continue as a going concern and whether its plans alleviate that doubt. Management is required to make this evaluation for annual periods ending after December 15, 2016, and for interim periods beginning after December 15, 2016, and early adoption is permitted. We do not believe the adoption of ASU 2014-15 will have a material impact on our consolidated financial statements.

In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs (Subtopic 835-30). This update requires debt issuance costs to be presented within the balance sheet as a direct deduction from the associated debt liability. Currently, certain debt issuance costs are recorded as an asset and amortized to interest expense. Under the new standard, debt issuance costs will continue to be amortized over the life of the debt instrument and amortization will continue to be recorded in interest expense. ASU 2015-03 became effective during the current quarter. The adoption of this standard did not have a material impact on our consolidated financial statements.

In July 2015, the FASB issued ASU 2015-11, Inventory: Simplifying the Measurement of Inventory (Topic 330). This update provides guidance on the subsequent measurement of inventory, which changes the measurement from lower of cost or market to lower of cost and net realizable value. This update defines net realizable value as the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation, and is effective for annual and interim periods beginning after December 15, 2016. The adoption of this update is not expected to have a material impact on our consolidated financial statements.

In November 2015, the FASB issued ASU 2015-17, Balance Sheet Classification of Deferred Taxes (Topic 740). This update requires that deferred tax liabilities and assets be classified as noncurrent in a classified balance sheet. This update is effective for annual and interim periods beginning after December 15, 2016, and early adoption is permitted. Other than the revised balance sheet presentation of deferred tax liabilities and assets, we do not expect the adoption of this guidance to have a material impact on our consolidated financial statements.

In January 2016, the FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities (Subtopic 825-10). Among other requirements, this guidance requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset on the balance sheet. This presentation provides financial statement users with more decision-useful information about an entity’s involvement in financial instruments. ASU 2016-01 is effective for annual and interim reporting periods beginning after December 15, 2017. We are currently evaluating the impact this guidance will have on our consolidated financial statements.

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). This guidance requires recognition of most leases on the balance sheets to give investors, lenders, and other financial statement users a more comprehensive view of a company’s long-term financial obligations as well as the assets it owns versus leases. ASU 2016-02 will be effective for fiscal years beginning after December 15, 2018, and for interim periods within those fiscal years. Currently, all of our restaurant and our restaurant support center leases are accounted for as operating leases, and therefore are not recorded within our balance sheet. We are currently evaluating the impact that this guidance will have on our consolidated financial statements as well as the expected adoption method.

In March 2016, the FASB issued ASU 2016-04, Recognition of Breakage for Certain Prepaid Stored-Value Products (Subtopic 405-20). This guidance defines liabilities related to the sale of prepaid stored-value products as financial liabilities and requires that breakage for those liabilities be accounted for consistent with the breakage guidance in Topic 606 (Principal versus Agent Considerations). ASU 2016-04 is effective for annual and interim reporting periods beginning after December 15, 2017. We are currently evaluating the impact that this guidance will have on our consolidated financial statements.

In March 2016, the FASB issued ASU 2016-08, Revenue from Contracts with Customers Topic 606 (Principal versus Agent Considerations). This update clarifies how to implement revenue recognition guidance related to determining whether an entity is a principal or an agent in a revenue transaction. The guidance requires an entity to determine whether the nature of its promise is to provide goods or services to its customer (the entity is a principal) or to arrange for goods or services to be provided to the customer by the other parties (the entity is an agent). This determination is based upon whether the entity controls the goods or the services before it is transferred to the customer. An entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2016-08 is effective for annual and interim reporting periods beginning after December 15, 2017, and early application is permitted. This update permits the use of either the retrospective or cumulative effect transition method. We are currently evaluating the impact this standard will have on our consolidated financial statements.

In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting (Topic 718). This guidance will change how companies account for certain aspects of share-based payments to employees. They will have to recognize all income tax effects of awards in the income statement when the awards vest or are settled, and additional paid-in capital (“APIC”) pools will be eliminated. The guidance on employer’s accounting for an employee’s use of shares to satisfy the employer’s statutory income tax withholding obligation and for forfeitures is changing, and two practical expedients for nonpublic entities have been added. ASU 2016-09 is effective for annual and interim reporting periods beginning after December 15, 2016, and early adoption is permitted. We are currently evaluating the impact this guidance will have on our consolidated financial statements.

In April 2016, the FASB issued ASU 2016-10, an amendment to ASU 2014-09, Revenue from Contracts with Customers (Topic 606). This guidance provides a comprehensive new revenue recognition model that requires a company to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. Additionally, this guidance expands related disclosure requirements. The amendment addressed the potential for diversity in practice at initial application. ASU 2016-10 is effective for annual and interim reporting periods beginning after December 15, 2017, and early application is permitted. This update permits the use of either the retrospective or cumulative effect transition method. We are currently evaluating the impact this standard will have on our consolidated financial statements as well as the expected adoption method.

Net Income Per Share

Basic net income per share is computed by dividing the net income attributable to common shareholders by the weighted average number of common shares outstanding during the period. Diluted net income per share reflects the potential dilution that could occur if stock options issued by us to sell common stock at set prices were exercised and if restrictions on restricted stock units issued by us were to lapse (collectively, equity awards) using the treasury stock method. Performance-based restricted stock units have been excluded from the diluted income per share computation because the performance-based criteria have not been met.

XML 24 R15.htm IDEA: XBRL DOCUMENT v3.4.0.3
Net Income Per Share (Tables)
3 Months Ended
Mar. 29, 2016
Earnings Per Share [Abstract]  
Reconciliation of Basic and Diluted Net Income Per Share Computations and Number of Dilutive Equity Awards (Stock Options and Restricted Stock Units) Included in Dilutive Net Income Per Share Computation

The following table presents a reconciliation of basic and diluted net income per share, including the number of dilutive equity awards (stock options and restricted stock units) that were included in the dilutive net income per share computation (in thousands):

 

     For The Thirteen Weeks Ended  
       March 29, 2016          March 31, 2015    

Numerator:

     

Net income

     $11,644          $9,615    
  

 

 

    

 

 

 

Denominator:

     

Weighted-average shares outstanding – basic

     24,278          26,310    

Dilutive effect of equity awards

     413          606    
  

 

 

    

 

 

 

Weighted-average shares outstanding – diluted

     24,691          26,916    
  

 

 

    

 

 

 
XML 25 R16.htm IDEA: XBRL DOCUMENT v3.4.0.3
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 29, 2016
Information Related to Stock-Based Compensation

The following table presents information related to stock-based compensation (in thousands):

 

   

For The Thirteen Weeks Ended

   

  March 29, 2016  

     

    March 31, 2015    

Labor and benefits

  $403        $339   

General and administrative

  $1,147        $920   

Capitalized (1)

  $78        $60   

 

  (1) Capitalized stock-based compensation relates to our restaurant development personnel and is included in “Property and equipment, net” on the Consolidated Balance Sheets.
Black-Scholes Option-Pricing Model, Weighted Average Assumptions and Fair Value of Options Granted

The fair value of each stock option grant issued is estimated at the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions:

 

   

For the Thirteen Weeks Ended

   

  March 29, 2016  

     

  March 31, 2015  

Expected volatility

  35.9%       37.1%  

Risk free interest rate

  1.5%       1.4%  

Expected option life

  5 years       5 years  

Dividend yield

  0%       0%  

Fair value of options granted

  $14.37       $16.45  
Stock Option Activity

The exercise price of the stock options under our stock-based compensation plan is required to equal or exceed the fair market value of the shares on the option grant date. The following table represents stock option activity:

 

    Options Outstanding   Options Exercisable
      Shares  
  (in thousands)
 

    Weighted    
Average
Exercise

Price

    Shares  
  (in thousands)
 

    Weighted    
Average
Exercise

Price

Outstanding at December 29, 2015

  1,224   $30.59   729   $25.41  

Granted

  120   $42.48    

Exercised

  (16)   $33.00    

Forfeited

  (11)   $39.92    
 

 

Outstanding at March 29, 2016

  1,317   $31.56   809   $26.75  
 

 

Time-Vested Restricted Stock Units  
Restricted Stock Unit Activity

Time-based restricted stock unit activity was as follows:

 

   

Shares

  (in thousands) 

      

Weighted

Average

Fair Value    

 

 

Outstanding at December 29, 2015

  429      $39.63 

Granted

  66      $42.51 

Vested or released

  (25)      $38.95 

Forfeited

  (11)      $43.60 
 

 

Outstanding at March 29, 2016

  459      $39.98 
 

 

Performance-Based Restricted Stock Units  
Restricted Stock Unit Activity

Performance-based restricted stock unit activity was as follows:

 

   

Shares

  (in thousands) 

      

Weighted

Average

 Fair Value    

 
 

 

 

Outstanding at December 29, 2015

  29         $32.49    

Granted

  32         $42.41    

Vested or released

  –         $       –    

Forfeited

  –         $       –    
 

 

 

Outstanding at March 29, 2016

  61         $37.70    
 

 

 
XML 26 R17.htm IDEA: XBRL DOCUMENT v3.4.0.3
Income Taxes (Tables)
3 Months Ended
Mar. 29, 2016
Income Tax Disclosure [Abstract]  
Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):

 

Balance at December 29, 2015

     $ 2,998     

Increase for tax positions taken in current period

       105     
  

 

 

 

Balance at March 29, 2016

     $ 3,103     
  

 

 

 
XML 27 R18.htm IDEA: XBRL DOCUMENT v3.4.0.3
Long-Term Debt - Additional Information (Detail) - USD ($)
3 Months Ended
Mar. 29, 2016
Mar. 31, 2015
Sep. 03, 2014
Line of Credit Facility [Line Items]      
Available additional credit facility     $ 50,000,000
Letters of credit outstanding amount $ 15,000,000    
Line of credit outstanding amount 95,500,000    
Available borrowings under credit facility 39,500,000    
Interest paid on new line of credit 400,000    
Interest expense capitalized $ 40,000 $ 40,000  
Unsecured Debt [Member]      
Line of Credit Facility [Line Items]      
Weighted average interest rate 1.44%    
Credit Facility Agreement [Member] | Revolving Credit Facility [Member]      
Line of Credit Facility [Line Items]      
Revolving loan commitments under new loan agreement     150,000,000
New loan agreement, expiration date Sep. 03, 2019    
Credit Facility Agreement [Member] | Letter of Credit      
Line of Credit Facility [Line Items]      
Revolving loan commitments under new loan agreement     $ 50,000,000
Maximum | Credit Facility Agreement [Member] | Revolving Credit Facility [Member] | LIBOR      
Line of Credit Facility [Line Items]      
Line of credit, adjustment to interest rate 1.75%    
Minimum | Credit Facility Agreement [Member] | Revolving Credit Facility [Member] | Prime Rate      
Line of Credit Facility [Line Items]      
Line of credit, adjustment to interest rate 0.75%    
XML 28 R19.htm IDEA: XBRL DOCUMENT v3.4.0.3
Reconciliation of Basic and Diluted Net Income Per Share Computations and Number of Dilutive Equity Awards (Stock Options and Restricted Stock Units) Included in Dilutive Net Income Per Share Computation (Detail) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 29, 2016
Mar. 31, 2015
Earnings Per Share [Abstract]    
Net income $ 11,644 $ 9,615
Weighted-average shares outstanding - basic 24,278 26,310
Dilutive effect of equity awards 413 606
Weighted-average shares outstanding - diluted 24,691 26,916
XML 29 R20.htm IDEA: XBRL DOCUMENT v3.4.0.3
Net Income Per Share - Additional Information (Detail) - shares
shares in Millions
3 Months Ended
Mar. 29, 2016
Mar. 31, 2015
Earnings Per Share [Abstract]    
Common stock equivalents excluded from calculation of diluted net income per share 0.3 0.1
XML 30 R21.htm IDEA: XBRL DOCUMENT v3.4.0.3
Related Party - Additional Information (Detail) - USD ($)
$ in Millions
3 Months Ended
Mar. 29, 2016
Mar. 31, 2015
Dec. 29, 2015
Related Party Transaction [Line Items]      
Expenses for supply of food, beverage, paper products and supplies $ 22.3 $ 21.6  
Percentage of total costs of sales and operating and occupancy costs 20.30% 21.10%  
Trade payables $ 5.7   $ 4.3
Jacmar Companies      
Related Party Transaction [Line Items]      
Agreement terms 5 years    
XML 31 R22.htm IDEA: XBRL DOCUMENT v3.4.0.3
Stock-Based Compensation - Additional Information (Detail)
$ in Millions
3 Months Ended
Mar. 29, 2016
USD ($)
shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Number of shares charged to reserve per granted share 1
Share basis for number shares charged to reserve 1
Expiration term of stock options 10 years
2005 Equity Incentive Plan | Minimum  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Service period 5 years
Stock Options  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Expiration term of stock options 10 years
Unrecognized stock-based compensation expense | $ $ 5.4
Unrecognized stock-based compensation expenses recognition period (in years) 5 years
Stock Options | Cliff Vesting Third Anniversary  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock options vesting percentage 33.00%
Stock Options | Cliff Vesting Fifth Anniversary  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock options vesting percentage 67.00%
Stock Options | Minimum  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Vesting period (in years) 3 years
Stock Options | Minimum | Cliff Vesting  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Vesting period (in years) 3 years
Stock Options | Maximum  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Vesting period (in years) 5 years
Stock Options | Maximum | Cliff Vesting  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Vesting period (in years) 5 years
Time-Vested Restricted Stock Units | Cliff Vesting Third Anniversary  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock options vesting percentage 33.00%
Time-Vested Restricted Stock Units | Cliff Vesting Fifth Anniversary  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock options vesting percentage 67.00%
Time-Vested Restricted Stock Units | Cliff Vesting Year Five  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock options vesting percentage 100.00%
Time-Vested Restricted Stock Units | Minimum  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Vesting period (in years) 3 years
Time-Vested Restricted Stock Units | Maximum  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Vesting period (in years) 5 years
Performance-Based Restricted Stock Units  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Unrecognized stock-based compensation expense | $ $ 1.3
Unrecognized stock-based compensation expenses recognition period (in years) 3 years
Restricted Stock Units (RSUs)  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Number of shares charged to reserve per granted share 1.5
Share basis for number shares charged to reserve 1
Time-Based Restricted Stock Units  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Unrecognized stock-based compensation expense | $ $ 9.9
Unrecognized stock-based compensation expenses recognition period (in years) 5 years
XML 32 R23.htm IDEA: XBRL DOCUMENT v3.4.0.3
Information Related to Stock-Based Compensation (Detail) - USD ($)
$ in Thousands
3 Months Ended
Mar. 29, 2016
Mar. 31, 2015
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]    
Capitalized [1] $ 78 $ 60
Labor and benefits    
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]    
Stock-based compensation 403 339
General and administrative    
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]    
Stock-based compensation $ 1,147 $ 920
[1] Capitalized stock-based compensation relates to our restaurant development personnel and is included in "Property and equipment, net" on the Consolidated Balance Sheets.
XML 33 R24.htm IDEA: XBRL DOCUMENT v3.4.0.3
Black-Scholes Option-Pricing Model, Weighted Average Assumptions and Fair Value of Options Granted (Detail) - $ / shares
3 Months Ended
Mar. 29, 2016
Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]    
Expected volatility 35.90% 37.10%
Risk free interest rate 1.50% 1.40%
Expected option life 5 years 5 years
Dividend yield 0.00% 0.00%
Fair value of options granted $ 14.37 $ 16.45
XML 34 R25.htm IDEA: XBRL DOCUMENT v3.4.0.3
Stock Option Activity (Detail)
shares in Thousands
3 Months Ended
Mar. 29, 2016
$ / shares
shares
Options Outstanding, Shares  
Outstanding, Beginning Balance | shares 1,224
Granted | shares 120
Exercised | shares (16)
Forfeited | shares (11)
Outstanding, Ending Balance | shares 1,317
Options Exercisable, Shares  
Options Exercisable Outstanding, Beginning Balance | shares 729
Options Exercisable Outstanding, Ending Balance | shares 809
Options outstanding, Weighted Average Exercise Price  
Outstanding, Beginning Balance | $ / shares $ 30.59
Granted | $ / shares 42.48
Exercised | $ / shares 33.00
Forfeited | $ / shares 39.92
Outstanding, Ending Balance | $ / shares 31.56
Options Exercisable, Weighted Average Exercise Price  
Options Exercisable, Beginning Balance | $ / shares 25.41
Options Exercisable, Ending Balance | $ / shares $ 26.75
XML 35 R26.htm IDEA: XBRL DOCUMENT v3.4.0.3
Time-Based Restricted Stock Unit Activity (Detail)
shares in Thousands
3 Months Ended
Mar. 29, 2016
$ / shares
shares
Shares Outstanding  
Forfeited, Shares (11)
Time-Based Restricted Stock Units  
Shares Outstanding  
Outstanding Beginning Balance, Shares 429
Granted, Shares 66
Vested or released, Shares (25)
Forfeited, Shares (11)
Outstanding Ending Balance, Shares 459
Weighted Average Fair Value  
Outstanding Beginning Balance, Weighted Average Fair Value | $ / shares $ 39.63
Granted, Weighted Average Fair Value | $ / shares 42.51
Vested or released, Weighted Average Fair Value | $ / shares 38.95
Forfeited, Weighted Average Fair Value | $ / shares 43.60
Outstanding Ending Balance, Weighted Average Fair Value | $ / shares $ 39.98
XML 36 R27.htm IDEA: XBRL DOCUMENT v3.4.0.3
Performance-Based Restricted Stock Unit Activity (Detail) - Performance-Based Restricted Stock Units
shares in Thousands
3 Months Ended
Mar. 29, 2016
$ / shares
shares
Shares Outstanding  
Outstanding Beginning Balance, Shares | shares 29
Granted, Shares | shares 32
Vested or released, Shares | shares 0
Forfeited, Shares | shares 0
Outstanding Ending Balance, Shares | shares 61
Weighted Average Fair Value  
Outstanding Beginning Balance, Weighted Average Fair Value | $ / shares $ 32.49
Granted, Weighted Average Fair Value | $ / shares 42.41
Vested or released, Weighted Average Fair Value | $ / shares 0
Forfeited, Weighted Average Fair Value | $ / shares 0
Outstanding Ending Balance, Weighted Average Fair Value | $ / shares $ 37.70
XML 37 R28.htm IDEA: XBRL DOCUMENT v3.4.0.3
Income Taxes - Additional Information (Detail) - USD ($)
$ in Thousands
3 Months Ended
Mar. 29, 2016
Dec. 29, 2015
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]    
Unrecognized tax benefits $ 3,103 $ 2,998
Unrecognized tax benefits that would impact effective tax rate, if reversed 800  
Anticipated decrease in liability for unrecognized tax benefits within next twelve-month period $ 1,800  
Federal | Earliest Tax Year    
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]    
Income tax examination, years open 2012  
State or Local Taxing Jurisdiction | Earliest Tax Year    
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]    
Income tax examination, years open 2011  
XML 38 R29.htm IDEA: XBRL DOCUMENT v3.4.0.3
Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits (Detail)
$ in Thousands
3 Months Ended
Mar. 29, 2016
USD ($)
Income Tax Disclosure [Abstract]  
Beginning Balance $ 2,998
Increase for tax positions taken in current period 105
Ending Balance $ 3,103
XML 39 R30.htm IDEA: XBRL DOCUMENT v3.4.0.3
Stock Repurchases - Additional Information (Detail)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended
Mar. 29, 2016
USD ($)
$ / shares
shares
Equity [Abstract]  
Number of shares repurchased during the period | shares 0.6
Repurchased average price per share | $ / shares $ 41.76
Shares repurchased, value $ 24.5
Common stock additional repurchases under authorized repurchase program $ 29.9
EXCEL 40 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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how.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 42 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 44 FilingSummary.xml IDEA: XBRL DOCUMENT 3.4.0.3 html 43 167 1 true 24 0 false 4 false false R1.htm 101 - Document - Document and Entity Information Sheet http://www.bjsbrewhouse.com/taxonomy/role/DocumentandEntityInformation Document and Entity Information Cover 1 false false R2.htm 103 - Statement - Consolidated Balance Sheets Sheet http://www.bjsbrewhouse.com/taxonomy/role/StatementOfFinancialPositionClassified Consolidated Balance Sheets Statements 2 false false R3.htm 104 - Statement - Consolidated Balance Sheets (Parenthetical) Sheet http://www.bjsbrewhouse.com/taxonomy/role/StatementOfFinancialPositionClassifiedParenthetical Consolidated Balance Sheets (Parenthetical) Statements 3 false false R4.htm 105 - Statement - Consolidated Statements of Income Sheet http://www.bjsbrewhouse.com/taxonomy/role/StatementOfIncomeAlternative Consolidated Statements of Income Statements 4 false false R5.htm 106 - Statement - Consolidated Statements of Cash Flows Sheet http://www.bjsbrewhouse.com/taxonomy/role/StatementOfCashFlowsIndirect Consolidated Statements of Cash Flows Statements 5 false false R6.htm 107 - Disclosure - Basis of Presentation Sheet http://www.bjsbrewhouse.com/taxonomy/role/NotesToFinancialStatementsBusinessDescriptionAndBasisOfPresentationTextBlock Basis of Presentation Notes 6 false false R7.htm 108 - Disclosure - Long-Term Debt Sheet http://www.bjsbrewhouse.com/taxonomy/role/NotesToFinancialStatementsLongTermDebtTextBlock Long-Term Debt Notes 7 false false R8.htm 109 - Disclosure - Net Income Per Share Sheet http://www.bjsbrewhouse.com/taxonomy/role/NotesToFinancialStatementsEarningsPerShareTextBlock Net Income Per Share Notes 8 false false R9.htm 110 - Disclosure - Related Party Sheet http://www.bjsbrewhouse.com/taxonomy/role/NotesToFinancialStatementsRelatedPartyTransactionsDisclosureTextBlock Related Party Notes 9 false false R10.htm 111 - Disclosure - Stock-Based Compensation Sheet http://www.bjsbrewhouse.com/taxonomy/role/NotesToFinancialStatementsDisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock Stock-Based Compensation Notes 10 false false R11.htm 112 - Disclosure - Income Taxes Sheet http://www.bjsbrewhouse.com/taxonomy/role/NotesToFinancialStatementsIncomeTaxDisclosureTextBlock Income Taxes Notes 11 false false R12.htm 113 - Disclosure - Legal Proceedings Sheet http://www.bjsbrewhouse.com/taxonomy/role/NotesToFinancialStatementsLegalMattersAndContingenciesTextBlock Legal Proceedings Notes 12 false false R13.htm 114 - Disclosure - Stock Repurchases Sheet http://www.bjsbrewhouse.com/taxonomy/role/NotesToFinancialStatementsTreasuryStockTextBlock Stock Repurchases Notes 13 false false R14.htm 115 - Disclosure - Basis of Presentation (Policies) Sheet http://www.bjsbrewhouse.com/taxonomy/role/NotesToFinancialStatementsBusinessDescriptionAndBasisOfPresentationTextBlockPolicies Basis of Presentation (Policies) Policies 14 false false R15.htm 116 - Disclosure - Net Income Per Share (Tables) Sheet http://www.bjsbrewhouse.com/taxonomy/role/NotesToFinancialStatementsEarningsPerShareTextBlockTables Net Income Per Share (Tables) Tables http://www.bjsbrewhouse.com/taxonomy/role/NotesToFinancialStatementsEarningsPerShareTextBlock 15 false false R16.htm 117 - Disclosure - Stock-Based Compensation (Tables) Sheet http://www.bjsbrewhouse.com/taxonomy/role/NotesToFinancialStatementsDisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlockTables Stock-Based Compensation (Tables) Tables http://www.bjsbrewhouse.com/taxonomy/role/NotesToFinancialStatementsDisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock 16 false false R17.htm 118 - Disclosure - Income Taxes (Tables) Sheet http://www.bjsbrewhouse.com/taxonomy/role/NotesToFinancialStatementsIncomeTaxDisclosureTextBlockTables Income Taxes (Tables) Tables http://www.bjsbrewhouse.com/taxonomy/role/NotesToFinancialStatementsIncomeTaxDisclosureTextBlock 17 false false R18.htm 119 - Disclosure - Long-Term Debt - Additional Information (Detail) Sheet http://www.bjsbrewhouse.com/taxonomy/role/DisclosureLongTermDebtAdditionalInformation Long-Term Debt - Additional Information (Detail) Details 18 false false R19.htm 120 - Disclosure - Reconciliation of Basic and Diluted Net Income Per Share Computations and Number of Dilutive Equity Awards (Stock Options and Restricted Stock Units) Included in Dilutive Net Income Per Share Computation (Detail) Sheet http://www.bjsbrewhouse.com/taxonomy/role/DisclosureReconciliationOfBasicAndDilutedNetIncomePerShareComputationsAndNumberOfDilutiveEquityAwardsStockOptionsAndRestrictedStockUnitsIncludedInDilutiveNetIncomePerShareComputat_Xa Reconciliation of Basic and Diluted Net Income Per Share Computations and Number of Dilutive Equity Awards (Stock Options and Restricted Stock Units) Included in Dilutive Net Income Per Share Computation (Detail) Details 19 false false R20.htm 121 - Disclosure - Net Income Per Share - Additional Information (Detail) Sheet http://www.bjsbrewhouse.com/taxonomy/role/DisclosureNetIncomePerShareAdditionalInformation Net Income Per Share - Additional Information (Detail) Details 20 false false R21.htm 122 - Disclosure - Related Party - Additional Information (Detail) Sheet http://www.bjsbrewhouse.com/taxonomy/role/DisclosureRelatedPartyAdditionalInformation Related Party - Additional Information (Detail) Details 21 false false R22.htm 123 - Disclosure - Stock-Based Compensation - Additional Information (Detail) Sheet http://www.bjsbrewhouse.com/taxonomy/role/DisclosureStockBasedCompensationAdditionalInformation Stock-Based Compensation - Additional Information (Detail) Details 22 false false R23.htm 124 - Disclosure - Information Related to Stock-Based Compensation (Detail) Sheet http://www.bjsbrewhouse.com/taxonomy/role/DisclosureInformationRelatedToStockBasedCompensation Information Related to Stock-Based Compensation (Detail) Details 23 false false R24.htm 125 - Disclosure - Black-Scholes Option-Pricing Model, Weighted Average Assumptions and Fair Value of Options Granted (Detail) Sheet http://www.bjsbrewhouse.com/taxonomy/role/DisclosureBlackScholesOptionPricingModelWeightedAverageAssumptionsAndFairValueOfOptionsGranted Black-Scholes Option-Pricing Model, Weighted Average Assumptions and Fair Value of Options Granted (Detail) Details 24 false false R25.htm 126 - Disclosure - Stock Option Activity (Detail) Sheet http://www.bjsbrewhouse.com/taxonomy/role/DisclosureStockOptionActivity Stock Option Activity (Detail) Details 25 false false R26.htm 127 - Disclosure - Time-Based Restricted Stock Unit Activity (Detail) Sheet http://www.bjsbrewhouse.com/taxonomy/role/DisclosureTimeBasedRestrictedStockUnitActivity Time-Based Restricted Stock Unit Activity (Detail) Details 26 false false R27.htm 128 - Disclosure - Performance-Based Restricted Stock Unit Activity (Detail) Sheet http://www.bjsbrewhouse.com/taxonomy/role/DisclosurePerformanceBasedRestrictedStockUnitActivity Performance-Based Restricted Stock Unit Activity (Detail) Details 27 false false R28.htm 129 - Disclosure - Income Taxes - Additional Information (Detail) Sheet http://www.bjsbrewhouse.com/taxonomy/role/DisclosureIncomeTaxesAdditionalInformation Income Taxes - Additional Information (Detail) Details 28 false false R29.htm 130 - Disclosure - Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits (Detail) Sheet http://www.bjsbrewhouse.com/taxonomy/role/DisclosureReconciliationOfBeginningAndEndingAmountOfUnrecognizedTaxBenefits Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits (Detail) Details 29 false false R30.htm 131 - Disclosure - Stock Repurchases - Additional Information (Detail) Sheet http://www.bjsbrewhouse.com/taxonomy/role/DisclosureStockRepurchasesAdditionalInformation Stock Repurchases - Additional Information (Detail) Details 30 false false All Reports Book All Reports bjri-20160329.xml bjri-20160329.xsd bjri-20160329_cal.xml bjri-20160329_def.xml bjri-20160329_lab.xml bjri-20160329_pre.xml true true ZIP 46 0001193125-16-572150-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001193125-16-572150-xbrl.zip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