$LOCO
El Pollo Loco Holdings Inc

2015 Q3 Form 10-Q Financial Statement

#000156459015010655 Filed on November 13, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2014 Q3
Revenue $89.45M $86.56M
YoY Change 3.35% 8.51%
Cost Of Revenue $48.10M $46.00M
YoY Change 4.57% 7.73%
Gross Profit $41.30M $40.50M
YoY Change 1.98% 9.16%
Gross Profit Margin 46.17% 46.79%
Selling, General & Admin $24.60M $26.50M
YoY Change -7.17% 12.29%
% of Gross Profit 59.56% 65.43%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.300M $2.900M
YoY Change 13.79% 11.54%
% of Gross Profit 7.99% 7.16%
Operating Expenses $76.34M $75.59M
YoY Change 0.99% 9.37%
Operating Profit $13.58M -$35.09M
YoY Change -138.7% 9.61%
Interest Expense $810.0K $3.960M
YoY Change -79.55% -59.85%
% of Operating Profit 5.96%
Other Income/Expense, Net -$300.0K -$40.10M
YoY Change -99.25%
Pretax Income $12.29M -$35.54M
YoY Change -134.59% -4610.15%
Income Tax $5.062M -$61.39M
% Of Pretax Income 41.18%
Net Earnings $7.230M $25.85M
YoY Change -72.03% 2715.8%
Net Earnings / Revenue 8.08% 29.86%
Basic Earnings Per Share $0.19 $0.76
Diluted Earnings Per Share $0.18 $0.70
COMMON SHARES
Basic Shares Outstanding 37.81M 34.22M
Diluted Shares Outstanding 39.09M 36.82M

Balance Sheet

Concept 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.400M $41.80M
YoY Change -84.69%
Cash & Equivalents $8.207M $41.83M
Short-Term Investments
Other Short-Term Assets $24.30M $4.000M
YoY Change 507.5%
Inventory $1.752M $1.626M
Prepaid Expenses
Receivables $5.700M $5.700M
Other Receivables $200.0K $0.00
Total Short-Term Assets $39.07M $53.13M
YoY Change -26.46%
LONG-TERM ASSETS
Property, Plant & Equipment $93.01M $79.81M
YoY Change 16.55%
Goodwill $248.7M $248.7M
YoY Change 0.0%
Intangibles $61.89M $61.89M
YoY Change 0.0%
Long-Term Investments
YoY Change
Other Assets $1.666M $4.555M
YoY Change -63.42%
Total Long-Term Assets $411.7M $423.9M
YoY Change -2.87%
TOTAL ASSETS
Total Short-Term Assets $39.07M $53.13M
Total Long-Term Assets $411.7M $423.9M
Total Assets $450.8M $477.0M
YoY Change -5.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.60M $14.72M
YoY Change -28.0%
Accrued Expenses $15.40M $28.30M
YoY Change -45.58%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $200.0K $2.100M
YoY Change -90.48%
Total Short-Term Liabilities $39.88M $45.12M
YoY Change -11.61%
LONG-TERM LIABILITIES
Long-Term Debt $135.6M $186.6M
YoY Change -27.33%
Other Long-Term Liabilities $44.47M $44.34M
YoY Change 0.31%
Total Long-Term Liabilities $44.47M $44.34M
YoY Change 0.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $39.88M $45.12M
Total Long-Term Liabilities $44.47M $44.34M
Total Liabilities $211.2M $277.7M
YoY Change -23.96%
SHAREHOLDERS EQUITY
Retained Earnings -$130.8M -$154.0M
YoY Change -15.1%
Common Stock $370.4M $353.3M
YoY Change 4.82%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $239.6M $199.3M
YoY Change
Total Liabilities & Shareholders Equity $450.8M $477.0M
YoY Change -5.5%

Cashflow Statement

Concept 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $7.230M $25.85M
YoY Change -72.03% 2715.8%
Depreciation, Depletion And Amortization $3.300M $2.900M
YoY Change 13.79% 11.54%
Cash From Operating Activities $15.51M $8.250M
YoY Change 88.0% 308.42%
INVESTING ACTIVITIES
Capital Expenditures -$6.490M -$9.020M
YoY Change -28.05% 228.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $5.440M
YoY Change -100.0% 27100.0%
Cash From Investing Activities -$6.490M -$3.590M
YoY Change 80.78% 31.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -11.18M 10.03M
YoY Change -211.47% -2189.58%
NET CHANGE
Cash From Operating Activities 15.51M 8.250M
Cash From Investing Activities -6.490M -3.590M
Cash From Financing Activities -11.18M 10.03M
Net Change In Cash -2.160M 14.69M
YoY Change -114.7% -1334.45%
FREE CASH FLOW
Cash From Operating Activities $15.51M $8.250M
Capital Expenditures -$6.490M -$9.020M
Free Cash Flow $22.00M $17.27M
YoY Change 27.39% 262.05%

Facts In Submission

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IncreaseDecreaseInIncomeTaxes
5670000
us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
-27000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-102000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-491000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
500000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-457000
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-113000
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-1202000
us-gaap Increase Decrease In Insurance Liabilities
IncreaseDecreaseInInsuranceLiabilities
1032000
us-gaap Increase Decrease In Insurance Liabilities
IncreaseDecreaseInInsuranceLiabilities
349000
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-279000
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
649000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
43421000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
29842000
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
5435000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
16512000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
19414000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-16512000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-13979000
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
101425000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
112300000
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
1512000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4254000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
40000000
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
155000
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
201000
us-gaap Payments For Fees
PaymentsForFees
215000
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
5700000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-30201000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
8947000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-3292000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
24810000
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17015000
CY2014Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
41825000
us-gaap Interest Paid
InterestPaid
2781000
us-gaap Interest Paid
InterestPaid
15705000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
30000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
161000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
4567000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2857000
loco Cashless Exercise Of Stock Options
CashlessExerciseOfStockOptions
34000
loco Cashless Exercise Of Stock Options
CashlessExerciseOfStockOptions
37000
us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the condensed consolidated financial statements and revenue and expenses during the period reported. Actual results could materially differ from those estimates. The Company&#8217;s significant estimates include estimates for impairment of goodwill, intangible assets and property and equipment, insurance reserves, lease termination liabilities, closed store reserves, stock-based compensation, income tax receivable agreement liability, and income tax valuation allowances.</p></div>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Reclassifications</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Certain comparative prior year amounts in the condensed consolidated financial statements and accompanying notes have been reclassified to conform to the current year presentation. These reclassifications have no effect on previously-reported working capital, net income, earnings per share, stockholders&#8217; equity, or cash flows.</p></div>
us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2019-12-11
us-gaap Debt Instrument Basis Spread On Variable Rate1
DebtInstrumentBasisSpreadOnVariableRate1
0.0100
us-gaap Debt Instrument Description Of Variable Rate Basis
DebtInstrumentDescriptionOfVariableRateBasis
(a) the federal funds rate plus 0.50%, (b) the prime rate of Bank of America, or (c) LIBOR plus 1.00%. For LIBOR loans, the margin is in the range of 1.75% to 2.50%, and for base rate loans the margin is in the range of 0.75% to 1.50%. The margin was initially set at 2.00% for LIBOR loans and at 1.00% for base rate loans until the delivery of financial statements and a compliance certificate for the first quarter of 2015. The interest rate range was 1.94% to 1.95% and 1.93% to 2.63% for the thirteen and thirty-nine weeks ended September 30, 2015, respectively.
CY2015Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
831924
CY2014Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2599266
us-gaap Restriction To Transfer Funds
RestrictionToTransferFunds
Under the 2014 Revolver, Holdings may not make certain payments such as cash dividends, except that it may, inter alia, (i) pay up to $1 million per year to repurchase or redeem qualified equity interests of Holdings held by past or present officers, directors, or employees (or their estates) of the Company upon death, disability, or termination of employment, (ii) pay under its income tax receivable agreement (the “TRA”), and, (iii) so long as no default or event of default has occurred and is continuing, (a) make non-cash repurchases of equity interests in connection with the exercise of stock options by directors and officers, provided that those equity interests represent a portion of the consideration of the exercise price of those stock options, (b) pay up to $2.5 million per year pursuant to stock option plans, employment agreements, or incentive plans, (c) make up to $5 million in other restricted payments per year, and (d) make other restricted payments, provided that such payments would not cause, in each case, on a pro forma basis, (x) its lease-adjusted consolidated leverage ratio to equal or exceed 4.25 times and (y) its consolidated fixed charge coverage ratio to be less than 1.75 times.
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Concentration of Risk</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Cash and cash equivalents are maintained at financial institutions and, at times, balances may exceed federally-insured limits. The Company has never experienced any losses related to these balances.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company had two suppliers for which amounts due at September&#160;30, 2015 totaled 19% and 9% of the Company&#8217;s accounts payable. As of December 31, 2014, the Company had two different suppliers for which amounts totaled 6% and 5% of the Company&#8217;s accounts payable. For the thirteen weeks ended September 30, 2015 and September 24, 2014, purchases from the Company&#8217;s two largest suppliers totaled 37% and 2% and 36% and 3% of the Company&#8217;s purchases. For the thirty-nine weeks ended September 30, 2015 and September 24, 2014, purchases from the Company&#8217;s two largest suppliers totaled 37% and 3% and 36% and 3%, respectively, of the Company&#8217;s purchases.&nbsp;&nbsp;Company-operated and franchised restaurants in the greater Los Angeles area generated, in the aggregate, approximately 78% and 80% of total revenue for both the thirteen weeks ended September 30, 2015 and September 24, 2014. </p></div>
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
us-gaap Plan Of Reorganization Dates Plan Is Effective
PlanOfReorganizationDatesPlanIsEffective
2014-04-22
us-gaap Plan Of Reorganization Terms Of Plan
PlanOfReorganizationTermsOfPlan
(“Old Holdings”) entered into the following reorganization transactions: (i) Old Holdings merged with and into CSC with CSC continuing as the surviving corporation; (ii) CSC merged with and into CAC with CAC continuing as the surviving corporation and (iii) CAC renamed itself El Pollo Loco Holdings, Inc.
CY2014Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000
CY2014Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2014Q3 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
8.56381
CY2014Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000
CY2014Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2014Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000
CY2014Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2014Q3 us-gaap Excess Stock Shares Authorized
ExcessStockSharesAuthorized
300000000
us-gaap Stockholders Equity Note Stock Split
StockholdersEquityNoteStockSplit
8.56381 for 1
CY2015Q3 us-gaap Long Term Debt
LongTermDebt
125700000
CY2015Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0
CY2014Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0
us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2015Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2014Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2014Q3 loco Percentage Of Operating Loss Carryforwards Tax Savings Payable To Pre Initial Public Offering Stockholders
PercentageOfOperatingLossCarryforwardsTaxSavingsPayableToPreInitialPublicOfferingStockholders
0.85
CY2015Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
174895000
CY2014Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
157400000
CY2015Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
81884000
CY2014Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
75310000
CY2015Q3 us-gaap Depreciation
Depreciation
3300000
us-gaap Depreciation
Depreciation
9600000
CY2014Q3 us-gaap Depreciation
Depreciation
2900000
us-gaap Depreciation
Depreciation
8300000
CY2015Q3 us-gaap Capital Leased Assets Gross
CapitalLeasedAssetsGross
1559200
CY2014Q4 us-gaap Capital Leased Assets Gross
CapitalLeasedAssetsGross
1800800
CY2015Q3 us-gaap Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation
CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation
1461000
CY2014Q4 us-gaap Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation
CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation
1673000
CY2015Q3 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
10800000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
21100000
CY2015Q3 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
1700000
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
5900000
CY2015Q3 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
6900000
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
10600000
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2175454
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
1628609
CY2015Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
546845
CY2015Q3 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
18340
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
863247
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
739
CY2015Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
1100000
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y2M12D
CY2015Q3 us-gaap Share Based Compensation
ShareBasedCompensation
165000
CY2014Q3 us-gaap Share Based Compensation
ShareBasedCompensation
297000
CY2014Q4 loco Debt Refinancing Costs
DebtRefinancingCosts
1500000
CY2015Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
4123000
CY2014Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
3918000
CY2015Q3 loco Payable Under Tax Receivable Agreement Current
PayableUnderTaxReceivableAgreementCurrent
7609000
CY2014Q4 loco Payable Under Tax Receivable Agreement Current
PayableUnderTaxReceivableAgreementCurrent
4170000
CY2015Q3 us-gaap Accrued Liabilities For Unredeeemed Gift Cards
AccruedLiabilitiesForUnredeeemedGiftCards
1386000
CY2014Q4 us-gaap Accrued Liabilities For Unredeeemed Gift Cards
AccruedLiabilitiesForUnredeeemedGiftCards
1535000
CY2015Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3048000
CY2014Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3390000
CY2015Q3 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
6865000
CY2014Q4 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
6204000
CY2015Q3 loco Payable Under Tax Receivable Agreement Noncurrent
PayableUnderTaxReceivableAgreementNoncurrent
34796000
CY2014Q4 loco Payable Under Tax Receivable Agreement Noncurrent
PayableUnderTaxReceivableAgreementNoncurrent
37213000
CY2015Q3 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
2813000
CY2014Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
2730000
us-gaap Loss Contingency Lawsuit Filing Date
LossContingencyLawsuitFilingDate
On or about February 24, 2014
CY2015Q3 loco Employee Call Options Amount Reduced In Menu
EmployeeCallOptionsAmountReducedInMenu
5
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1206778
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1900252

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