2013 Q1 Form 10-K Financial Statement

#000119312513074282 Filed on February 25, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2013 2012 Q1
Revenue $184.8M $775.1M $171.8M
YoY Change 7.57% 24.83% 18.6%
Cost Of Revenue $109.6M $191.9M $101.6M
YoY Change 7.87% 25.67% 17.87%
Gross Profit $75.20M $583.2M $70.10M
YoY Change 7.28% 24.56% 19.42%
Gross Profit Margin 40.69% 75.24% 40.8%
Selling, General & Admin $56.00M $233.0M $47.70M
YoY Change 17.4% 13.77% 18.66%
% of Gross Profit 74.47% 39.95% 68.05%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.20M $49.01M $9.300M
YoY Change 20.43% 43.82% 17.72%
% of Gross Profit 14.89% 8.4% 13.27%
Operating Expenses $67.10M $282.1M $57.00M
YoY Change 17.72% 14.58% 18.26%
Operating Profit $7.976M $23.86M $13.10M
YoY Change -39.11% -43.71% 29.57%
Interest Expense $600.0K $54.00K $0.00
YoY Change -62.5%
% of Operating Profit 7.52% 0.23% 0.0%
Other Income/Expense, Net $100.0K $1.152M $200.0K
YoY Change -50.0% -8.93% 0.0%
Pretax Income $8.700M $25.01M $13.30M
YoY Change -34.59% -42.7% 27.88%
Income Tax $1.700M $3.990M $3.400M
% Of Pretax Income 19.54% 15.95% 25.56%
Net Earnings $6.988M $21.02M $9.900M
YoY Change -29.41% -33.41% 37.6%
Net Earnings / Revenue 3.78% 2.71% 5.76%
Basic Earnings Per Share $0.25 $0.75
Diluted Earnings Per Share $0.24 $0.73 $337.9K
COMMON SHARES
Basic Shares Outstanding 28.14M shares 28.19M shares
Diluted Shares Outstanding 28.90M shares

Balance Sheet

Concept 2013 Q1 2013 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $33.40M $31.00M $45.40M
YoY Change -26.43% -7.19% -5.61%
Cash & Equivalents $15.07M $23.00M $22.39M
Short-Term Investments $18.30M $8.000M $23.00M
Other Short-Term Assets $17.00M $19.60M $21.10M
YoY Change -19.43% 15.29% 66.14%
Inventory $6.061M $7.400M $5.963M
Prepaid Expenses
Receivables $18.90M $12.80M $14.50M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $75.37M $70.80M $87.00M
YoY Change -13.37% -6.1% 15.69%
LONG-TERM ASSETS
Property, Plant & Equipment $457.5M $513.6M $390.6M
YoY Change 17.13% 12.26% 15.87%
Goodwill $4.673M $4.673M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $7.500M $1.800M $7.700M
YoY Change -2.6% -76.0% 285.0%
Other Assets $14.34M $20.00M $11.74M
YoY Change 22.12% 39.86% 1.23%
Total Long-Term Assets $484.2M $540.1M $415.1M
YoY Change 16.64% 11.57% 16.66%
TOTAL ASSETS
Total Short-Term Assets $75.37M $70.80M $87.00M
Total Long-Term Assets $484.2M $540.1M $415.1M
Total Assets $559.5M $610.9M $502.1M
YoY Change 11.44% 9.19% 16.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $25.67M $31.50M $23.76M
YoY Change 8.03% 22.57% 70.91%
Accrued Expenses $56.82M $60.70M $50.41M
YoY Change 12.71% 6.87% 35.88%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $82.48M $92.10M $74.17M
YoY Change 11.21% 11.64% 45.71%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $4.644M $86.70M $2.754M
YoY Change 68.63% 20.92% -95.06%
Total Long-Term Liabilities $4.644M $86.70M $2.754M
YoY Change 68.63% 20.92% -95.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $82.48M $92.10M $74.17M
Total Long-Term Liabilities $4.644M $86.70M $2.754M
Total Liabilities $187.7M $209.4M $169.6M
YoY Change 10.64% 11.56% 29.29%
SHAREHOLDERS EQUITY
Retained Earnings $152.1M $120.7M
YoY Change 26.03%
Common Stock $180.9M $179.1M
YoY Change 1.05%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $371.8M $401.4M $332.4M
YoY Change
Total Liabilities & Shareholders Equity $559.5M $610.9M $502.1M
YoY Change 11.44% 9.19% 16.49%

Cashflow Statement

Concept 2013 Q1 2013 2012 Q1
OPERATING ACTIVITIES
Net Income $6.988M $21.02M $9.900M
YoY Change -29.41% -33.41% 37.6%
Depreciation, Depletion And Amortization $11.20M $49.01M $9.300M
YoY Change 20.43% 43.82% 17.72%
Cash From Operating Activities $9.000M $95.54M $19.90M
YoY Change -54.77% 18.03% 155.13%
INVESTING ACTIVITIES
Capital Expenditures -$23.40M $117.1M -$24.80M
YoY Change -5.65% 24.33% 63.16%
Acquisitions
YoY Change
Other Investing Activities $8.900M $27.20M $9.700M
YoY Change -8.25% 164.08% 273.08%
Cash From Investing Activities -$14.50M -$89.86M -$15.20M
YoY Change -4.61% -8.56% 19.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.200M 2.232M 5.600M
YoY Change -78.57% -72.74% 69.7%
NET CHANGE
Cash From Operating Activities 9.000M 95.54M 19.90M
Cash From Investing Activities -14.50M -89.86M -15.20M
Cash From Financing Activities 1.200M 2.232M 5.600M
Net Change In Cash -4.300M 7.921M 10.30M
YoY Change -141.75% -186.79% -743.75%
FREE CASH FLOW
Cash From Operating Activities $9.000M $95.54M $19.90M
Capital Expenditures -$23.40M $117.1M -$24.80M
Free Cash Flow $32.40M -$21.52M $44.70M
YoY Change -27.52% 62.94% 94.35%

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CY2013Q1 us-gaap Common Stock Value
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CY2013Q1 us-gaap Assets Current
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CY2013Q1 us-gaap Preferred Stock Shares Outstanding
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CY2013Q1 us-gaap Preferred Stock Shares Issued
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CY2013Q1 us-gaap Preferred Stock Value
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CY2013Q1 us-gaap Accrued Salaries Current
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13946000
CY2013Q1 us-gaap Property Plant And Equipment Net
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CY2013Q1 bjri Deferred Tax Assets Income Tax Credits
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CY2013Q1 bjri Deferred Tax Assets Other Non Current
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74000
CY2013Q1 bjri Shares Under Stock Options And Stock Appreciation Rights Number Of Shares Charged To Reserve Per Granted Share
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1 shares
CY2013Q1 bjri Number Of New Restaurants
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16 Hotel
CY2013Q1 bjri Property Plant And Equipment Excluding Construction In Progress
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441452000
CY2013Q1 bjri Shares Under Stock Options And Stock Appreciation Rights Share Basis For Number Shares Charged To Reserve
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1 shares
CY2013Q1 bjri Deferred Tax Assets Smallwares
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CY2013Q1 bjri Deferred Tax Assets Accrued Expenses Current
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6252000
CY2013Q1 bjri Deferred Lease Incentives
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CY2010 us-gaap Costs And Expenses
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1291000
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CY2010 us-gaap Current Income Tax Expense Benefit
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CY2010 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
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CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
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CY2010 us-gaap Share Based Compensation
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CY2010 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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CY2010 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2010 us-gaap Earnings Per Share Diluted
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CY2010 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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CY2010 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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803000
CY2010 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2010 us-gaap Current Federal Tax Expense Benefit
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CY2010 us-gaap Effective Income Tax Rate Continuing Operations
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CY2010 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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CY2010 us-gaap Net Cash Provided By Used In Operating Activities
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CY2010 us-gaap Net Cash Provided By Used In Investing Activities
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CY2010 us-gaap Investment Income Interest
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CY2010 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2010 us-gaap Repayments Of Lines Of Credit
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CY2010 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2010 us-gaap Payments To Acquire Property Plant And Equipment
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CY2010 us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2010 us-gaap Increase Decrease In Other Operating Assets
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CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
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CY2010 us-gaap Advertising Expense
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CY2010 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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1058000
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
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CY2010 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2010 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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30800000
CY2010 us-gaap Earnings Per Share Basic
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0.86
CY2010 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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CY2010 us-gaap Net Cash Provided By Used In Financing Activities
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CY2010 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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CY2010 us-gaap Defined Benefit Plan Contributions By Employer
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CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
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CY2010 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2010 us-gaap Increase Decrease In Inventories
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329000
CY2010 us-gaap Current State And Local Tax Expense Benefit
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1726000
CY2010 us-gaap Operating Leases Rent Expense Net
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23300000
CY2010 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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1094000 shares
CY2010 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.350 pure
CY2010 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
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4920000
CY2010 us-gaap Cost Of Goods Sold
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CY2010 us-gaap Increase Decrease In Accounts And Other Receivables
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CY2010 us-gaap Deferred Income Tax Expense Benefit
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CY2010 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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CY2010 us-gaap Labor And Related Expense
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CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
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CY2010 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7638000
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
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CY2010 us-gaap Increase Decrease In Accrued Liabilities
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7618000
CY2010 us-gaap Interest Expense
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CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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CY2010 bjri Increase Decrease In Deferred Rent
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1889000
CY2010 bjri Increase Decrease In Deferred Lease Credits
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1473000
CY2010 bjri Antidilutive Securities Excluded From Computation Of Earnings Per Share
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200000 shares
CY2010 bjri Effective Income Tax Rate Reconciliation Permanent Differences
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CY2010 bjri Increase Decrease In Landlord Contribution For Tenant Improvements Financing Activities
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2966000
CY2010 bjri Occupancy And Operating Costs
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109566000
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0.246 pure
CY2013 dei Trading Symbol
TradingSymbol
BJRI
CY2013 dei Entity Registrant Name
EntityRegistrantName
BJs RESTAURANTS INC
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-01-01
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0001013488
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--01-01
CY2013 us-gaap Costs And Expenses
CostsAndExpenses
667460000
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0069 pure
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1890000
CY2013 us-gaap Operating Income Loss
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40865000
CY2013 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
708325000
CY2013 us-gaap Weighted Average Number Of Shares Restricted Stock
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500000 shares
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CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y6M4D
CY2013 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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4780000
CY2013 us-gaap Gain Loss On Investments
GainLossOnInvestments
797000
CY2013 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
4483000
CY2013 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
1581000
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
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160000 shares
CY2013 us-gaap Proceeds From Collection Of Loans Receivable
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224000
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0.00 pure
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CY2013 us-gaap Depreciation Depletion And Amortization
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CY2013 us-gaap Share Based Compensation
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CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2013 us-gaap Earnings Per Share Diluted
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1.09
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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30.20
CY2013 us-gaap Pre Opening Costs
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8440000
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.041 pure
CY2013 us-gaap Current Federal Tax Expense Benefit
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3204000
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
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0.264 pure
CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
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5361000
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
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119000 shares
CY2013 us-gaap Defined Contribution Plan Maximum Annual Contribution Per Employee Percent
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1.00 pure
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P5Y
CY2013 us-gaap Proceeds From Stock Options Exercised
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1886000
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
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87079000
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78000000
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
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CY2013 us-gaap Investment Income Interest
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276000
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
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27000
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
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1403000
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
213000 shares
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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15.83
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
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CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2013 us-gaap General And Administrative Expense
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CY2013 us-gaap Increase Decrease In Other Operating Assets
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CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
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CY2013 us-gaap Advertising Expense
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CY2013 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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717000
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
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CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2013 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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42656000
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1.12
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4400000
CY2013 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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CY2013 us-gaap Defined Benefit Plan Contributions By Employer
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CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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10000 shares
CY2013 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
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CY2013 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2013 us-gaap Increase Decrease In Inventories
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CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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0.3674 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
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27.91
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
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27994000 shares
CY2013 us-gaap Current State And Local Tax Expense Benefit
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1279000
CY2013 us-gaap Operating Leases Rent Expense Net
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29700000
CY2013 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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863000 shares
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.350 pure
CY2013 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
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9977000
CY2013 us-gaap Cost Of Goods Sold
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2563000
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30992000
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
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P5Y
CY2013 us-gaap Common Stock Voting Rights
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One
CY2013 us-gaap Increase Decrease In Accounts And Other Receivables
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8032000
CY2013 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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-271000
CY2013 us-gaap Deferred Income Tax Expense Benefit
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6764000
CY2013 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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37366000
CY2013 us-gaap Net Income Loss
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31409000
CY2013 us-gaap Nonoperating Income Expense
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1791000
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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1581000
CY2013 us-gaap Interest Paid Net
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245078000
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
363000 shares
CY2013 us-gaap Income Tax Expense Benefit
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