2011 Q4 Form 10-K Financial Statement

#000104746913001478 Filed on February 22, 2013

View on sec.gov

Income Statement

Concept 2011 Q4 2011 Q3 2011 Q2
Revenue $276.6M $269.3M $279.6M
YoY Change 13.09% 9.63% 9.55%
Cost Of Revenue $92.60M $88.90M $92.30M
YoY Change 16.19% 12.39% 11.61%
Gross Profit $184.0M $180.3M $187.3M
YoY Change 11.58% 8.29% 8.58%
Gross Profit Margin 66.52% 66.96% 67.0%
Selling, General & Admin $105.9M $101.5M $107.0M
YoY Change 13.87% 11.17% 11.46%
% of Gross Profit 57.55% 56.3% 57.13%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.00M $10.57M $10.60M
YoY Change 5.77% 2.63% 2.91%
% of Gross Profit 5.98% 5.86% 5.66%
Operating Expenses $164.7M $157.3M $163.5M
YoY Change 11.66% 8.41% 9.73%
Operating Profit $18.21M $23.07M $23.75M
YoY Change 4.66% 7.81% 1.06%
Interest Expense -$500.0K $669.0K -$400.0K
YoY Change 0.0% -233.8% -33.33%
% of Operating Profit -2.75% 2.9% -1.68%
Other Income/Expense, Net
YoY Change
Pretax Income $17.70M $22.47M $23.30M
YoY Change 16.45% 7.02% 2.64%
Income Tax $4.800M $6.058M $6.600M
% Of Pretax Income 27.12% 26.96% 28.33%
Net Earnings $12.30M $16.42M $16.10M
YoY Change 21.78% 17.26% 7.33%
Net Earnings / Revenue 4.45% 6.1% 5.76%
Basic Earnings Per Share $0.18 $0.22 $0.23
Diluted Earnings Per Share $0.17 $0.22 $0.22
COMMON SHARES
Basic Shares Outstanding 70.80M shares
Diluted Shares Outstanding 72.19M shares

Balance Sheet

Concept 2011 Q4 2011 Q3 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $78.80M $55.70M $79.40M
YoY Change -4.14% 0.54% 31.89%
Cash & Equivalents $78.78M $55.67M $79.40M
Short-Term Investments
Other Short-Term Assets $11.00M $7.700M $8.000M
YoY Change 10.0% 1.32% 3.9%
Inventory $10.73M $8.700M $8.900M
Prepaid Expenses $7.045M
Receivables $11.48M $12.20M $12.40M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $112.0M $84.30M $108.6M
YoY Change -1.69% 2.06% 23.41%
LONG-TERM ASSETS
Property, Plant & Equipment $497.2M $479.2M $467.4M
YoY Change 8.33% 4.97% 3.09%
Goodwill $110.9M
YoY Change -0.75%
Intangibles $9.042M
YoY Change -10.63%
Long-Term Investments
YoY Change
Other Assets $11.49M $11.40M $10.90M
YoY Change 43.64% 50.0% 53.52%
Total Long-Term Assets $628.7M $611.7M $599.6M
YoY Change 6.76% 4.05% 2.57%
TOTAL ASSETS
Total Short-Term Assets $112.0M $84.30M $108.6M
Total Long-Term Assets $628.7M $611.7M $599.6M
Total Assets $740.7M $696.0M $708.2M
YoY Change 5.39% 3.8% 5.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $32.74M $26.10M $28.40M
YoY Change 21.72% 6.1% 13.6%
Accrued Expenses $53.70M $51.80M $52.20M
YoY Change 17.25% 16.4% 15.74%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $300.0K $300.0K $300.0K
YoY Change 0.0% 0.0% 0.0%
Total Short-Term Liabilities $136.4M $100.9M $105.2M
YoY Change 21.65% 13.75% 14.72%
LONG-TERM LIABILITIES
Long-Term Debt $61.60M $51.70M $51.80M
YoY Change 18.69% -16.61% -34.43%
Other Long-Term Liabilities $12.23M $36.60M $35.10M
YoY Change -60.54% 16.19% 23.59%
Total Long-Term Liabilities $12.23M $88.30M $86.90M
YoY Change -85.24% -5.56% -19.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $136.4M $100.9M $105.2M
Total Long-Term Liabilities $12.23M $88.30M $86.90M
Total Liabilities $244.8M $200.9M $205.6M
YoY Change 18.74% 4.42% -2.0%
SHAREHOLDERS EQUITY
Retained Earnings $288.4M
YoY Change
Common Stock $206.1M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $491.9M $495.1M $502.6M
YoY Change
Total Liabilities & Shareholders Equity $740.7M $696.0M $708.2M
YoY Change 5.39% 3.8% 5.29%

Cashflow Statement

Concept 2011 Q4 2011 Q3 2011 Q2
OPERATING ACTIVITIES
Net Income $12.30M $16.42M $16.10M
YoY Change 21.78% 17.26% 7.33%
Depreciation, Depletion And Amortization $11.00M $10.57M $10.60M
YoY Change 5.77% 2.63% 2.91%
Cash From Operating Activities $55.40M $24.60M $24.30M
YoY Change 20.96% -5.38% -5.08%
INVESTING ACTIVITIES
Capital Expenditures -$27.90M -$22.70M -$16.60M
YoY Change 106.67% 66.91% 62.75%
Acquisitions
YoY Change
Other Investing Activities $0.00 $100.0K $100.0K
YoY Change 0.0% 0.0%
Cash From Investing Activities -$27.80M -$22.70M -$16.60M
YoY Change 107.46% 68.15% 64.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -8.500M -25.70M -5.700M
YoY Change 57.41% 48.55% -36.67%
NET CHANGE
Cash From Operating Activities 55.40M 24.60M 24.30M
Cash From Investing Activities -27.80M -22.70M -16.60M
Cash From Financing Activities -8.500M -25.70M -5.700M
Net Change In Cash 19.10M -23.80M 2.000M
YoY Change -29.26% 395.83% -69.23%
FREE CASH FLOW
Cash From Operating Activities $55.40M $24.60M $24.30M
Capital Expenditures -$27.90M -$22.70M -$16.60M
Free Cash Flow $83.30M $47.30M $40.90M
YoY Change 40.47% 19.44% 14.25%

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CY2011 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
3497000 USD
CY2011 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
5880000 USD
CY2011 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
2651000 USD
CY2011 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
2255000 USD
CY2011 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
2055000 USD
CY2011 txrh Increase Decrease Accrued Taxes And Licenses
IncreaseDecreaseAccruedTaxesAndLicenses
63000 USD
CY2011 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
5262000 USD
CY2011 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
-2676000 USD
CY2011 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
1910000 USD
CY2011 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
138514000 USD
CY2010 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
60000 USD
CY2010 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1193000 USD
CY2010 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1593000 USD
CY2010 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1058000 USD
CY2010 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-1018000 USD
CY2010 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
4722000 USD
CY2010 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
864000 USD
CY2010 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
3159000 USD
CY2010 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
-3212000 USD
CY2010 txrh Increase Decrease Accrued Taxes And Licenses
IncreaseDecreaseAccruedTaxesAndLicenses
3739000 USD
CY2010 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
1715000 USD
CY2010 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
-2368000 USD
CY2010 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
2985000 USD
CY2010 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.001 pure
CY2012 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
4297000 USD
CY2010 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
120056000 USD
CY2012Q4 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
47 state
CY2012Q4 us-gaap Number Of Countries In Which Entity Operates
NumberOfCountriesInWhichEntityOperates
2 country
CY2012 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-88048000 USD
CY2012 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-54923000 USD
CY2010 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-44816000 USD
CY2012 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
2969000 USD
CY2012 txrh Credit Card Receivables Settlement Period Minimum
CreditCardReceivablesSettlementPeriodMinimum
P2Y
CY2011 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
81758000 USD
CY2011 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
188000 USD
CY2011 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-81570000 USD
CY2010 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
45051000 USD
CY2010 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
235000 USD
CY2011 us-gaap Line Of Credit Facility Increase Decrease For Period Net
LineOfCreditFacilityIncreaseDecreaseForPeriodNet
-10000000 USD
CY2011 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
59147000 USD
CY2011 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
2270000 USD
CY2011 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
2255000 USD
CY2011 us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
3482000 USD
CY2011 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
275000 USD
CY2011 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
5016000 USD
CY2011 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
17012000 USD
CY2011 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-64421000 USD
CY2010 us-gaap Line Of Credit Facility Increase Decrease For Period Net
LineOfCreditFacilityIncreaseDecreaseForPeriodNet
49000000 USD
CY2010 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
35000 USD
CY2010 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
2212000 USD
CY2010 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
3159000 USD
CY2010 us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
2828000 USD
CY2010 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
246000 USD
CY2010 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
11028000 USD
CY2010 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-39735000 USD
CY2011 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
-7477000 USD
CY2010 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
35505000 USD
CY2011 us-gaap Interest Paid Net
InterestPaidNet
2368000 USD
CY2011 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
24641000 USD
CY2010 us-gaap Interest Paid Net
InterestPaidNet
2628000 USD
CY2010 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
29095000 USD
CY2012 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
145940000 USD
CY2011Q4 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
47 state
CY2011Q4 us-gaap Number Of Countries In Which Entity Operates
NumberOfCountriesInWhichEntityOperates
1 country
CY2011Q4 us-gaap Number Of Restaurants
NumberOfRestaurants
366 restaurant
CY2012Q4 us-gaap Number Of Restaurants
NumberOfRestaurants
392 restaurant
CY2012 us-gaap Nature Of Operations
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<div style='font-size:10.0pt;FONT-FAMILY: Times New Roman;'> <p style="FONT-FAMILY: times"><font size="2"><b>(1) Description of Business</b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The accompanying Consolidated Financial Statements include the accounts of Texas Roadhouse,&#160;Inc. (the "Company", "we", "our" and/or "us"), and our wholly-owned subsidiaries and subsidiaries in which we own more than 50&#160;percent interest as of and for the 52&#160;weeks ended December&#160;25, 2012 and December&#160;27, 2011. Our wholly-owned subsidiaries include: Texas Roadhouse Holdings&#160;LLC ("Holdings"), Texas Roadhouse Development Corporation ("TRDC"), Texas Roadhouse Management Corp ("Management Corp.") and Aspen Creek,&#160;LLC ("Aspen Creek"). We and our subsidiaries operate restaurants under the names Texas Roadhouse and Aspen Creek. Holdings also provides supervisory and administrative services for certain other franchise and license Texas Roadhouse restaurants. TRDC sells franchise rights and collects the franchise royalties and fees. Management Corp. provides management services to the Company, Holdings, Aspen Creek and certain other license and franchise Texas Roadhouse restaurants.</font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;As of December&#160;25, 2012, we owned and operated 320 restaurants and franchised and licensed an additional 72 restaurants in 47 states and two foreign countries. Of the 320 restaurants we owned and operated, 318 operated as Texas Roadhouse restaurants, while two operated under the name of Aspen Creek. Of the 392 restaurants that were operating at December&#160;25, 2012, (i)&#160;320 were Company-owned restaurants, 305 of which were wholly-owned and 15 of which were majority-owned, (ii)&#160;71 were franchise restaurants and (iii)&#160;one was a license restaurant.</font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;As of December&#160;27, 2011, we owned and operated 294 restaurants and franchised or licensed an additional 72 restaurants in 47 states and one foreign country. Of the 294 restaurants we owned and operated, 291 operated as Texas Roadhouse restaurants, while three operated under the name of Aspen Creek. Of the 366 restaurants that were operating at December&#160;27, 2011, (i)&#160;294 were Company-owned restaurants, 282 of which were wholly-owned and 12 of which were majority-owned, (ii)&#160;69 were franchise restaurants and (iii)&#160;3 were license restaurants.</font></p></div>
CY2010 txrh Number Of Weeks In Fiscal Year
NumberOfWeeksInFiscalYear
P364D
CY2012 txrh Financing Receivable Past Due Days Minimum To Be Considered For Individual Evaluation
FinancingReceivablePastDueDaysMinimumToBeConsideredForIndividualEvaluation
P120D
CY2012Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
800706000 USD
CY2011Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
729977000 USD
CY2012Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
269052000 USD
CY2011Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
232760000 USD
CY2012Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
531654000 USD
CY2012 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
400000 USD
CY2011 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
300000 USD
CY2010 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
100000 USD
CY2012 us-gaap Fiscal Period
FiscalPeriod
<div style='font-size:10.0pt;FONT-FAMILY: Times New Roman;'> <ul> <li style="list-style: none"> <p style="FONT-FAMILY: times"><font size="2"><b><i>(b) Fiscal Year</i></b></font></p></li></ul> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;We utilize a 52 or 53&#160;week accounting period that ends on the last Tuesday in December. We utilize a 13 or 14&#160;week accounting period for quarterly reporting purposes. Fiscal years 2012, 2011 and 2010 were 52&#160;weeks in length.</font></p></div>
CY2012 us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
13800000 USD
CY2011 us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
12600000 USD
CY2010 us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
11900000 USD
CY2012 txrh Impairment Analysis Restaurant Estimated Useful Life
ImpairmentAnalysisRestaurantEstimatedUsefulLife
P20Y
CY2012 txrh Estimated Percentage Of Gift Cards Never Redeemed
EstimatedPercentageOfGiftCardsNeverRedeemed
0.05 pure
CY2012 txrh Ongoing Royalties As Percentage Of Franchise Restaurants Sales Low End Of Range
OngoingRoyaltiesAsPercentageOfFranchiseRestaurantsSalesLowEndOfRange
0.02 pure
CY2012 txrh Ongoing Royalties As Percentage Of Franchise Restaurants Sales High End Of Range
OngoingRoyaltiesAsPercentageOfFranchiseRestaurantsSalesHighEndOfRange
0.050 pure
CY2012 txrh Amortization Period Of Gift Card Breakage
AmortizationPeriodOfGiftCardBreakage
P3Y
CY2012 us-gaap Initial Franchise Fees
InitialFranchiseFees
200000 USD
CY2010 us-gaap Initial Franchise Fees
InitialFranchiseFees
100000 USD
CY2011 us-gaap Initial Franchise Fees
InitialFranchiseFees
200000 USD
CY2012 txrh Number Of Weeks In Fiscal Year
NumberOfWeeksInFiscalYear
P364D
CY2011 txrh Number Of Weeks In Fiscal Year
NumberOfWeeksInFiscalYear
P364D
CY2012 us-gaap Use Of Estimates
UseOfEstimates
<div style='font-size:10.0pt;FONT-FAMILY: Times New Roman;'> <ul> <li style="list-style: none"> <p style="FONT-FAMILY: times"><font size="2"><b><i>(q) Use of Estimates</i></b></font></p></li></ul> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;We have made a number of estimates and assumptions relating to the reporting of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements and the reporting of revenue and expenses during the period to prepare these Consolidated Financial Statements in conformity with GAAP. Significant items subject to such estimates and assumptions include the carrying amount of property and equipment, goodwill, obligations related to insurance reserves and income taxes. Actual results could differ from those estimates.</font></p></div>
CY2012 us-gaap Management Fees Revenue
ManagementFeesRevenue
600000 USD
CY2010 us-gaap Management Fees Revenue
ManagementFeesRevenue
600000 USD
CY2011 us-gaap Management Fees Revenue
ManagementFeesRevenue
600000 USD
CY2011 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
8500000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
159000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
391000 USD
CY2010 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
7700000 USD
CY2012 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
9100000 USD
CY2012 txrh Designated Portion Of Sales From Domestic And Franchise Restaurants Remitted To Advertising Fund
DesignatedPortionOfSalesFromDomesticAndFranchiseRestaurantsRemittedToAdvertisingFund
0.003 pure
CY2012 txrh Lease Renewal Term
LeaseRenewalTerm
P5Y
CY2012Q4 us-gaap Number Of Interest Rate Derivatives Held
NumberOfInterestRateDerivativesHeld
2 item
CY2011Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
61905000 USD
CY2012Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
51602000 USD
CY2012Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
338000 USD
CY2012Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
51264000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
338000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
274000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
283000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
50157000 USD
CY2010Q4 us-gaap Goodwill
Goodwill
111785000 USD
CY2010Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
10118000 USD
CY2012Q4 us-gaap Goodwill
Goodwill
113435000 USD
CY2012Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
9264000 USD
CY2012 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
2741000 USD
CY2011 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
839000 USD
CY2012 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
252000 USD
CY2011 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1076000 USD
CY2012 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1076000 USD
CY2012 txrh Finite Lived Intangible Assets Acquired During Period
FiniteLivedIntangibleAssetsAcquiredDuringPeriod
1511000 USD
CY2012 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
213000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
15100000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5900000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
97262000 USD
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
117000 USD
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
20000 USD
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
137000 USD
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
8000 USD
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments
129000 USD
CY2012Q4 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
109000 USD
CY2012Q4 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
20000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
25866000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
25356000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
23055000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
21528000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
20410000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
213477000 USD
CY2012 txrh Capital Leases Future Minimum Payments Interest Percentage
CapitalLeasesFutureMinimumPaymentsInterestPercentage
0.109 pure
CY2012Q4 us-gaap Capital Leased Assets Gross
CapitalLeasedAssetsGross
700000 USD
CY2011Q4 us-gaap Capital Leased Assets Gross
CapitalLeasedAssetsGross
800000 USD
CY2011Q4 us-gaap Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation
CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation
400000 USD
CY2012Q4 us-gaap Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation
CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation
400000 USD
CY2012 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
687000 USD
CY2011 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
618000 USD
CY2010 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
518000 USD
CY2012 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
25797000 USD
CY2012 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
29190000 USD
CY2011 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
26163000 USD
CY2010 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
23974000 USD
CY2012Q4 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
-6102000 USD
CY2012 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
29286000 USD
CY2011 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
20546000 USD
CY2010 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
20561000 USD
CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
7618000 USD
CY2011 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
6149000 USD
CY2010 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
5323000 USD
CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
36904000 USD
CY2011 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
26695000 USD
CY2010 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
25884000 USD
CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-2166000 USD
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
34738000 USD
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-1511000 USD
CY2011 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
289000 USD
CY2010 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
1788000 USD
CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-655000 USD
CY2011 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-219000 USD
CY2010 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
11000 USD
CY2011 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2010 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2011 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.037 pure
CY2010 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.037 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.037 pure
CY2012 txrh Effective Income Tax Rate Reconciliation Tax Credits Fica Tip
EffectiveIncomeTaxRateReconciliationTaxCreditsFICATip
0.062 pure
CY2011 txrh Effective Income Tax Rate Reconciliation Tax Credits Fica Tip
EffectiveIncomeTaxRateReconciliationTaxCreditsFICATip
0.060 pure
CY2010 txrh Effective Income Tax Rate Reconciliation Tax Credits Fica Tip
EffectiveIncomeTaxRateReconciliationTaxCreditsFICATip
0.054 pure
CY2011 txrh Effective Income Tax Rate Reconciliation Tax Credits Work Opportunity
EffectiveIncomeTaxRateReconciliationTaxCreditsWorkOpportunity
0.012 pure
CY2010 txrh Effective Income Tax Rate Reconciliation Tax Credits Work Opportunity
EffectiveIncomeTaxRateReconciliationTaxCreditsWorkOpportunity
0.021 pure
CY2012 txrh Effective Income Tax Rate Reconciliation Tax Credits Work Opportunity
EffectiveIncomeTaxRateReconciliationTaxCreditsWorkOpportunity
0.009 pure
CY2011Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
27967000 USD
CY2011Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
-5348000 USD
CY2012 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.012 pure
CY2012Q4 us-gaap Costs And Expenses
CostsAndExpenses
287456000 USD
CY2012Q4 us-gaap Deferred Tax Assets Liabilities Net Current
DeferredTaxAssetsLiabilitiesNetCurrent
2836000 USD
CY2011Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
545000 USD
CY2011 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.002 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.002 pure
CY2011 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.005 pure
CY2010 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.009 pure
CY2011 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.002 pure
CY2010 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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0.002 pure
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3142000 USD
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<div style='font-size:10.0pt;FONT-FAMILY: Times New Roman;'> <ul> <li style="list-style: none"> <p style="FONT-FAMILY: times"><font size="2"><b><i>(u) Reclassifications</i></b></font></p></li></ul> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Certain prior year amounts have been reclassified in our consolidated financial statements to conform with current year presentation.</font></p></div>
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CY2011 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
521512000 shares
CY2010 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1815457000 shares
CY2012 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
500000 USD
CY2012Q4 us-gaap Long Lived Assets Held For Sale Impairment Charge
LongLivedAssetsHeldForSaleImpairmentCharge
900000 USD
CY2012Q1 us-gaap Payments For Legal Settlements
PaymentsForLegalSettlements
5000000 USD
CY2012Q1 txrh Payments For Legal Settlements Net Of Tax
PaymentsForLegalSettlementsNetOfTax
3100000 USD
CY2012Q4 us-gaap Business Exit Costs
BusinessExitCosts
1100000 USD
CY2012Q4 txrh Business Exit Costs Net Of Tax
BusinessExitCostsNetOfTax
700000 USD
CY2012Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
500000 USD
CY2012Q4 txrh Goodwill Impairment Loss Net Of Tax
GoodwillImpairmentLossNetOfTax
300000 USD
CY2012Q4 txrh Number Of Restaurants Impaired
NumberOfRestaurantsImpaired
1 restaurant

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txrh-20121225.xml Edgar Link completed
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