$SHAK
Shake Shack Inc.

2018 Q1 Form 10-Q Financial Statement

#000162053318000053 Filed on May 07, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $99.12M $76.75M
YoY Change 29.14% 41.69%
Cost Of Revenue $26.96M $21.17M
YoY Change 27.3% 40.86%
Gross Profit $72.16M $55.58M
YoY Change 29.84% 42.02%
Gross Profit Margin 72.8% 72.41%
Selling, General & Admin $21.50M $17.10M
YoY Change 25.73% 29.55%
% of Gross Profit 29.79% 30.77%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.498M $4.748M
YoY Change 36.86% 52.87%
% of Gross Profit 9.0% 8.54%
Operating Expenses $92.60M $71.12M
YoY Change 30.2% 43.82%
Operating Profit $6.514M $5.628M
YoY Change 15.74% 19.39%
Interest Expense $565.0K $303.0K
YoY Change 86.47% 248.28%
% of Operating Profit 8.67% 5.38%
Other Income/Expense, Net $200.0K
YoY Change
Pretax Income $6.177M $5.520M
YoY Change 11.9% 18.71%
Income Tax $1.198M $1.658M
% Of Pretax Income 19.39% 30.04%
Net Earnings $3.508M $2.267M
YoY Change 54.74% 55.06%
Net Earnings / Revenue 3.54% 2.95%
Basic Earnings Per Share $0.13 $0.09
Diluted Earnings Per Share $0.13 $0.09
COMMON SHARES
Basic Shares Outstanding 27.04M shares 25.38M shares
Diluted Shares Outstanding 27.82M shares 25.96M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $87.80M $73.60M
YoY Change 19.29% 11.68%
Cash & Equivalents $26.62M $15.71M
Short-Term Investments $61.10M $57.80M
Other Short-Term Assets $1.700M $4.300M
YoY Change -60.47% 19.44%
Inventory $1.175M $903.0K
Prepaid Expenses
Receivables $5.033M $5.044M
Other Receivables $0.00 $0.00
Total Short-Term Assets $95.65M $83.80M
YoY Change 14.14% 14.15%
LONG-TERM ASSETS
Property, Plant & Equipment $199.9M $147.5M
YoY Change 35.52% 44.2%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.145M $4.613M
YoY Change -10.15% -13.81%
Total Long-Term Assets $404.6M $471.6M
YoY Change -14.2% 35.1%
TOTAL ASSETS
Total Short-Term Assets $95.65M $83.80M
Total Long-Term Assets $404.6M $471.6M
Total Assets $500.3M $555.4M
YoY Change -9.93% 31.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.738M $5.663M
YoY Change 18.98% -6.16%
Accrued Expenses $13.20M $7.699M
YoY Change 71.48% 41.47%
Deferred Revenue $306.0K
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $33.46M $28.82M
YoY Change 16.11% 42.51%
LONG-TERM LIABILITIES
Long-Term Debt $17.00M $8.000M
YoY Change 112.5% 2566.67%
Other Long-Term Liabilities $6.097M $1.512M
YoY Change 303.24% -65.05%
Total Long-Term Liabilities $6.097M $1.512M
YoY Change 303.24% -65.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $33.46M $28.82M
Total Long-Term Liabilities $6.097M $1.512M
Total Liabilities $267.2M $344.0M
YoY Change -22.33% 34.84%
SHAREHOLDERS EQUITY
Retained Earnings $18.73M $18.99M
YoY Change -1.33% 231.05%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $182.1M $160.9M
YoY Change
Total Liabilities & Shareholders Equity $500.3M $555.4M
YoY Change -9.93% 31.46%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $3.508M $2.267M
YoY Change 54.74% 55.06%
Depreciation, Depletion And Amortization $6.498M $4.748M
YoY Change 36.86% 52.87%
Cash From Operating Activities $19.13M $9.679M
YoY Change 97.68% 14.17%
INVESTING ACTIVITIES
Capital Expenditures $17.72M $13.13M
YoY Change 34.92% -7.05%
Acquisitions
YoY Change
Other Investing Activities $1.870M $4.830M
YoY Change -61.28%
Cash From Investing Activities -$15.85M -$8.302M
YoY Change 90.93% -41.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $1.835M $2.727M
YoY Change -32.71% 315.7%
NET CHANGE
Cash From Operating Activities $19.13M $9.679M
Cash From Investing Activities -$15.85M -$8.302M
Cash From Financing Activities $1.835M $2.727M
Net Change In Cash $5.117M $4.104M
YoY Change 24.68% -182.18%
FREE CASH FLOW
Cash From Operating Activities $19.13M $9.679M
Capital Expenditures $17.72M $13.13M
Free Cash Flow $1.415M -$3.453M
YoY Change -140.98% -38.88%

Facts In Submission

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CY2018Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
19133000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
9679000 USD
CY2018Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
17718000 USD
CY2017Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
13132000 USD
CY2018Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
277000 USD
CY2017Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
325000 USD
CY2017Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
5155000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-15851000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-8302000 USD
CY2018Q1 us-gaap Sale Leaseback Transaction Gross Proceeds Financing Activities
SaleLeasebackTransactionGrossProceedsFinancingActivities
521000 USD
CY2017Q1 us-gaap Sale Leaseback Transaction Gross Proceeds Financing Activities
SaleLeasebackTransactionGrossProceedsFinancingActivities
293000 USD
CY2018Q1 us-gaap Sale Leaseback Transaction Transaction Costs Financing Activities
SaleLeasebackTransactionTransactionCostsFinancingActivities
79000 USD
CY2017Q1 us-gaap Sale Leaseback Transaction Transaction Costs Financing Activities
SaleLeasebackTransactionTransactionCostsFinancingActivities
36000 USD
CY2018Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
83000 USD
CY2017Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
355000 USD
CY2018Q1 shak Tax Receivable Agreement Payments To Related Parties
TaxReceivableAgreementPaymentsToRelatedParties
0 USD
CY2017Q1 shak Tax Receivable Agreement Payments To Related Parties
TaxReceivableAgreementPaymentsToRelatedParties
1471000 USD
CY2018Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1476000 USD
CY2017Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4296000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1835000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2727000 USD
CY2018Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
5117000 USD
CY2017Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
4104000 USD
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
21507000 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
11607000 USD
CY2018Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
26624000 USD
CY2017Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15711000 USD
CY2018Q1 us-gaap Minority Interest Ownership Percentage By Parent
MinorityInterestOwnershipPercentageByParent
0.750
CY2017Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
265000 USD
CY2018Q1 us-gaap Number Of Restaurants
NumberOfRestaurants
168 Restaurant
CY2018Q1 us-gaap Fiscal Period
FiscalPeriod
Fiscal Year<span style="font-family:Arial Narrow;font-size:10pt;">We operate on a 52/53 week fiscal year ending on the last Wednesday in December. Fiscal </span><span style="font-family:Arial Narrow;font-size:10pt;">2018</span><span style="font-family:Arial Narrow;font-size:10pt;"> contains </span><span style="font-family:Arial Narrow;font-size:10pt;">52</span><span style="font-family:Arial Narrow;font-size:10pt;"> weeks and ends on </span><span style="font-family:Arial Narrow;font-size:10pt;">December 26, 2018</span><span style="font-family:Arial Narrow;font-size:10pt;">. Fiscal </span><span style="font-family:Arial Narrow;font-size:10pt;">2017</span><span style="font-family:Arial Narrow;font-size:10pt;"> contained </span><span style="font-family:Arial Narrow;font-size:10pt;">52</span><span style="font-family:Arial Narrow;font-size:10pt;"> weeks and ended on </span><span style="font-family:Arial Narrow;font-size:10pt;">December 27, 2017</span>. Unless otherwise stated, references to years in this report relate to fiscal years.
CY2018Q1 us-gaap Use Of Estimates
UseOfEstimates
Use of EstimatesThe preparation of these condensed consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of sales and expenses during the reporting period. Actual results could differ from those estimates.
CY2018Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
99116000 USD
CY2018Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
99116000 USD
CY2017Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
76749000 USD
CY2018Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
9092000 USD
CY2018Q1 us-gaap Accrued Liabilities For Unredeeemed Gift Cards
AccruedLiabilitiesForUnredeeemedGiftCards
1310000 USD
CY2017Q4 us-gaap Accrued Liabilities For Unredeeemed Gift Cards
AccruedLiabilitiesForUnredeeemedGiftCards
1472000 USD
CY2018Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
306000 USD
CY2018Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
5417000 USD
CY2017Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
3742000 USD
CY2018Q1 shak Cash Cash Equivalentsand Availableforsale Debtand Equity Securities Amortized Cost
CashCashEquivalentsandAvailableforsaleDebtandEquitySecuritiesAmortizedCost
87851000 USD
CY2018Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 USD
CY2018Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
99000 USD
CY2018Q1 shak Cash Cash Equivalentsand Availableforsale Securities Amortized Cost Fair Value
CashCashEquivalentsandAvailableforsaleSecuritiesAmortizedCostFairValue
87752000 USD
CY2018Q1 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
26624000 USD
CY2018Q1 us-gaap Available For Sale Securities
AvailableForSaleSecurities
61128000 USD
CY2017Q4 shak Cash Cash Equivalentsand Availableforsale Debtand Equity Securities Amortized Cost
CashCashEquivalentsandAvailableforsaleDebtandEquitySecuritiesAmortizedCost
84617000 USD
CY2017Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
2000 USD
CY2017Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
76000 USD
CY2017Q4 shak Cash Cash Equivalentsand Availableforsale Securities Amortized Cost Fair Value
CashCashEquivalentsandAvailableforsaleSecuritiesAmortizedCostFairValue
84543000 USD
CY2017Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
21507000 USD
CY2017Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
63036000 USD
CY2018Q1 shak Accumulated Other Comprehensive Income Loss Unrealized Holding Gain Losson Securities Arising During Period Netof Tax
AccumulatedOtherComprehensiveIncomeLossUnrealizedHoldingGainLossonSecuritiesArisingDuringPeriodNetofTax
-38000 USD
CY2017 shak Accumulated Other Comprehensive Income Loss Unrealized Holding Gain Losson Securities Arising During Period Netof Tax
AccumulatedOtherComprehensiveIncomeLossUnrealizedHoldingGainLossonSecuritiesArisingDuringPeriodNetofTax
-74000 USD
CY2018Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
61128000 USD
CY2018Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
99000 USD
CY2018Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
0 USD
CY2018Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
0 USD
CY2018Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
61128000 USD
CY2018Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
99000 USD
CY2017Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
62599000 USD
CY2017Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
73000 USD
CY2017Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
162000 USD
CY2017Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
3000 USD
CY2017Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
62761000 USD
CY2017Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
76000 USD
CY2018Q1 us-gaap Available For Sale Securities Gross Realized Gains Losses Sale Proceeds
AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds
2144000 USD
CY2017Q1 us-gaap Available For Sale Securities Gross Realized Gains Losses Sale Proceeds
AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds
155000 USD
CY2018Q1 shak Availableforsale Securities Amortized Cost Basis Securities Sold
AvailableforsaleSecuritiesAmortizedCostBasisSecuritiesSold
2160000 USD
CY2017Q1 shak Availableforsale Securities Amortized Cost Basis Securities Sold
AvailableforsaleSecuritiesAmortizedCostBasisSecuritiesSold
158000 USD
CY2018Q1 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
2000 USD
CY2017Q1 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
0 USD
CY2018Q1 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
18000 USD
CY2017Q1 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
3000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-16000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-3000 USD
CY2018Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2018Q1 us-gaap Inventory Net
InventoryNet
1175000 USD
CY2017Q4 us-gaap Inventory Net
InventoryNet
1258000 USD
CY2018Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
263819000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
245350000 USD
CY2018Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
63941000 USD
CY2017Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
58255000 USD
CY2018Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
199878000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
187095000 USD
CY2018Q1 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
2827000 USD
CY2017Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
1813000 USD
CY2018Q1 shak Tax Receivable Agreement Liability Current
TaxReceivableAgreementLiabilityCurrent
937000 USD
CY2017Q4 shak Tax Receivable Agreement Liability Current
TaxReceivableAgreementLiabilityCurrent
937000 USD
CY2018Q1 us-gaap Accrued Liabilities For Unredeeemed Gift Cards
AccruedLiabilitiesForUnredeeemedGiftCards
1310000 USD
CY2017Q4 us-gaap Accrued Liabilities For Unredeeemed Gift Cards
AccruedLiabilitiesForUnredeeemedGiftCards
1472000 USD
CY2018Q1 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
2715000 USD
CY2017Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
3715000 USD
CY2018Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
7789000 USD
CY2017Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
7937000 USD
CY2018Q1 shak Deemed Landlord Financing Liability
DeemedLandlordFinancingLiability
17030000 USD
CY2017Q4 shak Deemed Landlord Financing Liability
DeemedLandlordFinancingLiability
14518000 USD
CY2018Q1 us-gaap Interest Costs Incurred
InterestCostsIncurred
609000 USD
CY2017Q1 us-gaap Interest Costs Incurred
InterestCostsIncurred
324000 USD
CY2018Q1 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
44000 USD
CY2017Q1 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
21000 USD
CY2018Q1 shak Consolidation Lessthan Wholly Owned Subsidiary Numberof Shares Heldby Parent
ConsolidationLessthanWhollyOwnedSubsidiaryNumberofSharesHeldbyParent
27627553 shares
CY2018Q1 us-gaap Minority Interest Ownership Percentage By Parent
MinorityInterestOwnershipPercentageByParent
0.750
CY2017Q4 shak Consolidation Lessthan Wholly Owned Subsidiary Numberof Shares Heldby Parent
ConsolidationLessthanWhollyOwnedSubsidiaryNumberofSharesHeldbyParent
26527477 shares
CY2017Q4 us-gaap Minority Interest Ownership Percentage By Parent
MinorityInterestOwnershipPercentageByParent
0.721
CY2018Q1 shak Consolidation Lessthan Wholly Owned Subsidiary Numberof Shares Heldby Noncontrolling Owners
ConsolidationLessthanWhollyOwnedSubsidiaryNumberofSharesHeldbyNoncontrollingOwners
9220236 shares
CY2018Q1 us-gaap Minority Interest Ownership Percentage By Noncontrolling Owners
MinorityInterestOwnershipPercentageByNoncontrollingOwners
0.250
CY2017Q4 shak Consolidation Lessthan Wholly Owned Subsidiary Numberof Shares Heldby Noncontrolling Owners
ConsolidationLessthanWhollyOwnedSubsidiaryNumberofSharesHeldbyNoncontrollingOwners
10250007 shares
CY2017Q4 us-gaap Minority Interest Ownership Percentage By Noncontrolling Owners
MinorityInterestOwnershipPercentageByNoncontrollingOwners
0.279
CY2018Q1 shak Consolidation Lessthan Wholly Owned Subsidiary Numberof Shares
ConsolidationLessthanWhollyOwnedSubsidiaryNumberofShares
36847789 shares
CY2018Q1 shak Noncontrolling Interest Total Ownership Percentage
NoncontrollingInterestTotalOwnershipPercentage
1.000
CY2017Q4 shak Consolidation Lessthan Wholly Owned Subsidiary Numberof Shares
ConsolidationLessthanWhollyOwnedSubsidiaryNumberofShares
36777484 shares
CY2017Q4 shak Noncontrolling Interest Total Ownership Percentage
NoncontrollingInterestTotalOwnershipPercentage
1.000
CY2018Q1 shak Noncontrolling Interest Weighted Average Ownership Percentage
NoncontrollingInterestWeightedAverageOwnershipPercentage
0.265
CY2017Q1 shak Noncontrolling Interest Weighted Average Ownership Percentage
NoncontrollingInterestWeightedAverageOwnershipPercentage
0.304
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
3508000 USD
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
2267000 USD
CY2018Q1 us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Change Due To Net Income Attributable To Parent And Effects Of Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangeDueToNetIncomeAttributableToParentAndEffectsOfChangesNet
9942000 USD
CY2017Q1 us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Change Due To Net Income Attributable To Parent And Effects Of Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangeDueToNetIncomeAttributableToParentAndEffectsOfChangesNet
6455000 USD
CY2018Q1 us-gaap Partners Capital Account Units Redeemed
PartnersCapitalAccountUnitsRedeemed
1029771 shares
CY2017Q1 us-gaap Partners Capital Account Units Redeemed
PartnersCapitalAccountUnitsRedeemed
324000 shares
CY2018Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1437000 USD
CY2017Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1249000 USD
CY2018Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
38000 USD
CY2017Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
51000 USD
CY2018Q1 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
277000 USD
CY2018Q1 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.045
CY2018Q1 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1297000 USD
CY2018Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2017Q1 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1932000 USD
CY2017Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2018Q1 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
412000 USD
CY2018Q1 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.067
CY2017Q1 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
349000 USD
CY2017Q1 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.063
CY2018Q1 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
531000 USD
CY2018Q1 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.086
CY2017Q1 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
186000 USD
CY2017Q1 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.034
CY2017Q1 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
130000 USD
CY2017Q1 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.024
CY2018Q1 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
454000 USD
CY2018Q1 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
0.073
CY2017Q1 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
679000 USD
CY2017Q1 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
0.123
CY2018Q1 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-311000 USD
CY2018Q1 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.050
CY2017Q1 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
0 USD
CY2017Q1 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0
CY2018Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1198000 USD
CY2018Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.194
CY2017Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1658000 USD
CY2017Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.300
CY2018Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.194
CY2017Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.300
CY2018Q1 shak Noncontrolling Interest Ownership Percentageby Parent Weighted Average
NoncontrollingInterestOwnershipPercentagebyParentWeightedAverage
0.735
CY2017Q1 shak Noncontrolling Interest Ownership Percentageby Parent Weighted Average
NoncontrollingInterestOwnershipPercentagebyParentWeightedAverage
0.696
CY2018Q1 shak Consolidated Entity Ownership By Parent Number Of Units Acquired
ConsolidatedEntityOwnershipByParentNumberOfUnitsAcquired
1100076 shares
CY2018Q1 shak Additional Deferred Tax Asset Recognized Investmentin Partnership
AdditionalDeferredTaxAssetRecognizedInvestmentinPartnership
10302000 USD
CY2018Q1 shak Deferred Tax Asset Investmentin Partnership
DeferredTaxAssetInvestmentinPartnership
148056000 USD
CY2018Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
8806000 USD
CY2018Q1 shak Additional Deferred Tax Asset Recognized Tax Receivable Agreement
AdditionalDeferredTaxAssetRecognizedTaxReceivableAgreement
3458000 USD
CY2018Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2018Q1 shak Tax Receivable Agreement Percentageof Tax Benefits Dueto Equity Owners
TaxReceivableAgreementPercentageofTaxBenefitsDuetoEquityOwners
0.85
CY2018Q1 shak Tax Receivable Agreement Percentageof Tax Benefits Expectedtobe Realized
TaxReceivableAgreementPercentageofTaxBenefitsExpectedtobeRealized
0.15
CY2018Q1 shak Establishmentof Liabilities Under Tax Receivable Agreement
EstablishmentofLiabilitiesUnderTaxReceivableAgreement
12680000 USD
CY2018Q1 shak Tax Receivable Agreement Percentageof Tax Benefits Dueto Equity Owners
TaxReceivableAgreementPercentageofTaxBenefitsDuetoEquityOwners
0.85
CY2018Q1 shak Tax Receivable Agreement Payments To Related Parties
TaxReceivableAgreementPaymentsToRelatedParties
0 USD
CY2017Q1 shak Tax Receivable Agreement Payments To Related Parties
TaxReceivableAgreementPaymentsToRelatedParties
1471000 USD
CY2018Q1 shak Tax Receivable Agreement Liability Currentand Noncurrent
TaxReceivableAgreementLiabilityCurrentandNoncurrent
172053000 USD
CY2018Q1 shak Tax Receivable Agreement Liability Current
TaxReceivableAgreementLiabilityCurrent
937000 USD
CY2018Q1 us-gaap Profit Loss
ProfitLoss
4979000 USD
CY2017Q1 us-gaap Profit Loss
ProfitLoss
3862000 USD
CY2018Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1471000 USD
CY2017Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1595000 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
3508000 USD
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
2267000 USD
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27039000 shares
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25376000 shares
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27822000 shares
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25955000 shares
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.13
CY2017Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.13
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
CY2018Q1 us-gaap Interest Paid
InterestPaid
563000 USD
CY2017Q1 us-gaap Interest Paid
InterestPaid
19000 USD
CY2018Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
854000 USD
CY2017Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1093000 USD
CY2018Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
7302000 USD
CY2017Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
4415000 USD
CY2018Q1 shak Noncash Deemed Landlord Financing
NoncashDeemedLandlordFinancing
2327000 USD
CY2017Q1 shak Noncash Deemed Landlord Financing
NoncashDeemedLandlordFinancing
4545000 USD
CY2018Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
18000 USD
CY2017Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
40000 USD
CY2018Q1 shak Establishmentof Liabilities Under Tax Receivable Agreement
EstablishmentofLiabilitiesUnderTaxReceivableAgreement
12680000 USD
CY2017Q1 shak Establishmentof Liabilities Under Tax Receivable Agreement
EstablishmentofLiabilitiesUnderTaxReceivableAgreement
6357000 USD
CY2018Q1 shak Tax Receivable Agreement Percentageof Tax Benefits Dueto Equity Owners
TaxReceivableAgreementPercentageofTaxBenefitsDuetoEquityOwners
0.85
CY2018Q1 shak Establishmentof Liabilities Under Tax Receivable Agreement
EstablishmentofLiabilitiesUnderTaxReceivableAgreement
12680000 USD
CY2017Q1 shak Establishmentof Liabilities Under Tax Receivable Agreement
EstablishmentofLiabilitiesUnderTaxReceivableAgreement
6357000 USD
CY2018Q1 shak Tax Receivable Agreement Liability Currentand Noncurrent
TaxReceivableAgreementLiabilityCurrentandNoncurrent
172053000 USD
CY2017Q4 shak Tax Receivable Agreement Liability Currentand Noncurrent
TaxReceivableAgreementLiabilityCurrentandNoncurrent
159373000 USD
CY2018Q1 shak Tax Receivable Agreement Percentageof Tax Benefits Dueto Equity Owners
TaxReceivableAgreementPercentageofTaxBenefitsDuetoEquityOwners
0.85
CY2018Q1 shak Tax Receivable Agreement Payments To Related Parties
TaxReceivableAgreementPaymentsToRelatedParties
0 USD
CY2017Q1 shak Tax Receivable Agreement Payments To Related Parties
TaxReceivableAgreementPaymentsToRelatedParties
1471000 USD
CY2018Q1 shak Tax Receivable Agreement Liability Currentand Noncurrent
TaxReceivableAgreementLiabilityCurrentandNoncurrent
172053000 USD
CY2017Q4 shak Tax Receivable Agreement Liability Currentand Noncurrent
TaxReceivableAgreementLiabilityCurrentandNoncurrent
159373000 USD
CY2018Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
83000 USD
CY2017Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
355000 USD
CY2018Q1 shak Distributionsto Noncontrolling Interests Payable
DistributionstoNoncontrollingInterestsPayable
0 USD

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