2024 Q2 Form 10-Q Financial Statement

#000152493124000062 Filed on May 10, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $119.8M $110.5M
YoY Change 0.67% -1.81%
Cost Of Revenue $30.72M $27.82M
YoY Change 4.37% -3.12%
Gross Profit $89.08M $82.64M
YoY Change -0.55% -1.36%
Gross Profit Margin 74.36% 74.81%
Selling, General & Admin $8.800M $8.583M
YoY Change -6.29% -8.26%
% of Gross Profit 9.88% 10.39%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.494M $5.440M
YoY Change 5.21% 5.84%
% of Gross Profit 6.17% 6.58%
Operating Expenses $8.800M $8.583M
YoY Change -6.29% -8.26%
Operating Profit $8.030M $7.124M
YoY Change -31.31% -14.89%
Interest Expense -$545.0K -$606.0K
YoY Change -36.18% -22.01%
% of Operating Profit -6.79% -8.51%
Other Income/Expense, Net
YoY Change
Pretax Income $8.575M $7.730M
YoY Change -31.64% -15.49%
Income Tax $1.162M $814.0K
% Of Pretax Income 13.55% 10.53%
Net Earnings $7.413M $6.916M
YoY Change -30.94% -15.88%
Net Earnings / Revenue 6.19% 6.26%
Basic Earnings Per Share $0.43 $0.40
Diluted Earnings Per Share $0.43 $0.40
COMMON SHARES
Basic Shares Outstanding 17.23M shares 17.34M shares
Diluted Shares Outstanding 17.23M shares 17.41M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $54.49M $56.37M
YoY Change -34.05% -31.76%
Cash & Equivalents $54.49M $56.37M
Short-Term Investments
Other Short-Term Assets $9.179M $7.693M
YoY Change 42.18% 79.53%
Inventory $1.787M $1.750M
Prepaid Expenses
Receivables $1.918M $2.168M
Other Receivables $3.359M $2.359M
Total Short-Term Assets $70.74M $70.34M
YoY Change -24.7% -22.89%
LONG-TERM ASSETS
Property, Plant & Equipment $214.9M $207.9M
YoY Change 9.08% 9.76%
Goodwill $24.07M $24.07M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.169M $5.944M
YoY Change 59.61% 61.52%
Total Long-Term Assets $407.3M $402.8M
YoY Change 3.42% 3.75%
TOTAL ASSETS
Total Short-Term Assets $70.74M $70.34M
Total Long-Term Assets $407.3M $402.8M
Total Assets $478.1M $473.1M
YoY Change -2.0% -1.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.804M $6.479M
YoY Change 11.21% -8.01%
Accrued Expenses $24.51M $24.21M
YoY Change -10.26% 6.05%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $44.05M $44.85M
YoY Change -2.58% 3.13%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $5.266M $4.931M
YoY Change 72.04% 80.95%
Total Long-Term Liabilities $5.266M $4.931M
YoY Change 72.04% 80.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $44.05M $44.85M
Total Long-Term Liabilities $5.266M $4.931M
Total Liabilities $220.3M $223.9M
YoY Change -2.69% -1.29%
SHAREHOLDERS EQUITY
Retained Earnings $193.6M $186.2M
YoY Change 16.12% 19.36%
Common Stock $172.0K $172.0K
YoY Change -4.44% -4.97%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $257.7M $249.2M
YoY Change
Total Liabilities & Shareholders Equity $478.1M $473.1M
YoY Change -2.0% -1.32%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $7.413M $6.916M
YoY Change -30.94% -15.88%
Depreciation, Depletion And Amortization $5.494M $5.440M
YoY Change 5.21% 5.84%
Cash From Operating Activities $12.60M $8.136M
YoY Change -27.13% -32.92%
INVESTING ACTIVITIES
Capital Expenditures $14.47M $10.83M
YoY Change 1.21% 71.42%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$14.47M -$10.83M
YoY Change 1.21% 71.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.000K -$8.713M
YoY Change -99.9% 602.1%
NET CHANGE
Cash From Operating Activities 12.60M $8.136M
Cash From Investing Activities -14.47M -$10.83M
Cash From Financing Activities -3.000K -$8.713M
Net Change In Cash -1.874M -$11.41M
YoY Change -7307.69% -349.61%
FREE CASH FLOW
Cash From Operating Activities $12.60M $8.136M
Capital Expenditures $14.47M $10.83M
Free Cash Flow -$1.871M -$2.694M
YoY Change -162.51% -146.36%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2024Q1 chuy Change In Operating Lease Assetsand Liabilities Dueto Lease Remeasurement
ChangeInOperatingLeaseAssetsandLiabilitiesDuetoLeaseRemeasurement
1000000 usd
CY2024Q1 chuy Deferred Lease Incentives
DeferredLeaseIncentives
1000000 usd
CY2023Q1 chuy Deferred Lease Incentives
DeferredLeaseIncentives
0 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
139718000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
140138000 usd
CY2024Q1 us-gaap Deferred Rent Credit Current
DeferredRentCreditCurrent
7000 usd
CY2023Q4 us-gaap Deferred Rent Credit Current
DeferredRentCreditCurrent
6000 usd
CY2024Q1 chuy Operating Lease Liability Current Excluding Deferred Rent Credit
OperatingLeaseLiabilityCurrentExcludingDeferredRentCredit
13253000 usd
CY2023Q4 chuy Operating Lease Liability Current Excluding Deferred Rent Credit
OperatingLeaseLiabilityCurrentExcludingDeferredRentCredit
12982000 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
13260000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
12988000 usd
CY2024Q1 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
59000 usd
CY2023Q4 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
61000 usd
CY2024Q1 chuy Operating Lease Liability Noncurrent Excluding Deferred Rent
OperatingLeaseLiabilityNoncurrentExcludingDeferredRent
174097000 usd
CY2023Q4 chuy Operating Lease Liability Noncurrent Excluding Deferred Rent
OperatingLeaseLiabilityNoncurrentExcludingDeferredRent
174175000 usd
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
174156000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
174236000 usd
CY2024Q1 chuy Operating Lease Liability Including Deferred Rent
OperatingLeaseLiabilityIncludingDeferredRent
187416000 usd
CY2023Q4 chuy Operating Lease Liability Including Deferred Rent
OperatingLeaseLiabilityIncludingDeferredRent
187224000 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P11Y10M24D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P12Y
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.078
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.078
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
20281000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
27437000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
26881000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
24838000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
24445000 usd
CY2024Q1 chuy Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
162506000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
286388000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
98972000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
187416000 usd
CY2024Q1 chuy Operating Lease Payments Minimum Lease Payments Excluded Not Yet Taken Possessionof Leases
OperatingLeasePaymentsMinimumLeasePaymentsExcludedNotYetTakenPossessionofLeases
12700000 usd
CY2024Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2024Q1 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1623000 usd
CY2023Q1 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1921000 usd
CY2024Q1 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
261000 usd
CY2023Q1 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
301000 usd
CY2024Q1 us-gaap Income Tax Reconciliation Tax Credits Other
IncomeTaxReconciliationTaxCreditsOther
903000 usd
CY2023Q1 us-gaap Income Tax Reconciliation Tax Credits Other
IncomeTaxReconciliationTaxCreditsOther
997000 usd
CY2024Q1 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
38000 usd
CY2023Q1 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
76000 usd
CY2024Q1 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-210000 usd
CY2023Q1 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-381000 usd
CY2024Q1 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
5000 usd
CY2023Q1 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
5000 usd
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
814000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
925000 usd
CY2024Q1 chuy Closed Restaurant Costs
ClosedRestaurantCosts
388000 usd
CY2023Q1 chuy Closed Restaurant Costs
ClosedRestaurantCosts
371000 usd
CY2024Q1 us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
50000 usd
CY2023Q1 us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
0 usd
CY2024Q1 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
438000 usd
CY2023Q1 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
371000 usd
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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