2020 Q4 Form 10-K Financial Statement

#000155837021001970 Filed on February 26, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2019 Q4 2019 Q3
Revenue $638.0M $725.2M $650.5M
YoY Change -12.03% 19.69% 9.4%
Cost Of Revenue $205.1M $233.2M $205.2M
YoY Change -12.05% 18.68% 6.88%
Gross Profit $432.9M $492.0M $445.3M
YoY Change -12.01% 20.18% 10.61%
Gross Profit Margin 67.85% 67.84% 68.46%
Selling, General & Admin $273.5M $296.8M $271.3M
YoY Change -7.85% 16.8% 8.78%
% of Gross Profit 63.18% 60.33% 60.93%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $30.50M $30.90M $28.35M
YoY Change -1.29% 20.23% 9.69%
% of Gross Profit 7.05% 6.28% 6.37%
Operating Expenses $411.1M $439.9M $400.3M
YoY Change -6.55% 16.99% 9.01%
Operating Profit $20.40M $52.10M $44.88M
YoY Change -60.85% 56.89% 26.63%
Interest Expense -$1.400M $300.0K $81.00K
YoY Change -566.67% -25.0% -148.21%
% of Operating Profit -6.86% 0.58% 0.18%
Other Income/Expense, Net
YoY Change
Pretax Income $19.00M $53.70M $44.81M
YoY Change -64.62% 59.82% 25.67%
Income Tax -$1.700M $9.100M $6.785M
% Of Pretax Income -8.95% 16.95% 15.14%
Net Earnings $19.55M $42.70M $36.53M
YoY Change -54.22% 40.78% 25.43%
Net Earnings / Revenue 3.06% 5.89% 5.62%
Basic Earnings Per Share $0.28 $0.53
Diluted Earnings Per Share $0.28 $611.7K $0.52
COMMON SHARES
Basic Shares Outstanding 69.48M 69.41M 69.57M
Diluted Shares Outstanding 69.94M

Balance Sheet

Concept 2020 Q4 2019 Q4 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $363.2M $107.9M $99.50M
YoY Change 236.61% -48.64% -34.19%
Cash & Equivalents $363.2M $107.9M $99.54M
Short-Term Investments
Other Short-Term Assets $26.70M $20.40M $14.00M
YoY Change 30.88% -15.0% 1.45%
Inventory $22.36M $20.27M $17.20M
Prepaid Expenses
Receivables $98.42M $99.31M $33.95M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $510.7M $247.9M $164.7M
YoY Change 105.99% -28.15% -23.84%
LONG-TERM ASSETS
Property, Plant & Equipment $1.089B $1.057B $1.020B
YoY Change 3.03% 10.44% 8.41%
Goodwill $127.0M $124.7M $123.2M
YoY Change 1.81% 1.24%
Intangibles $2.271M $1.234M $1.375M
YoY Change 84.04% -37.01%
Long-Term Investments
YoY Change
Other Assets $65.99M $53.32M $50.72M
YoY Change 23.76% 25.75% 13.97%
Total Long-Term Assets $1.815B $1.736B $1.691B
YoY Change 4.54% 54.38% 52.53%
TOTAL ASSETS
Total Short-Term Assets $510.7M $247.9M $164.7M
Total Long-Term Assets $1.815B $1.736B $1.691B
Total Assets $2.325B $1.984B $1.856B
YoY Change 17.22% 35.0% 40.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $66.98M $61.65M $59.50M
YoY Change 8.64% -0.66% 8.19%
Accrued Expenses $153.7M $146.3M $137.7M
YoY Change 5.06% 29.58% 27.38%
Deferred Revenue $232.8M $209.3M $107.2M
YoY Change 11.26% 8.85%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $50.00M
YoY Change
Total Short-Term Liabilities $506.3M $417.2M $332.3M
YoY Change 21.36% 8.33% 21.93%
LONG-TERM LIABILITIES
Long-Term Debt $190.0M $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $103.3M $65.52M $61.04M
YoY Change 57.71% 30.07% -40.16%
Total Long-Term Liabilities $293.3M $65.52M $61.04M
YoY Change 347.69% 30.07% -41.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $506.3M $417.2M $332.3M
Total Long-Term Liabilities $293.3M $65.52M $61.04M
Total Liabilities $1.382B $1.052B $946.9M
YoY Change 31.33% 106.93% 137.55%
SHAREHOLDERS EQUITY
Retained Earnings $781.9M $775.6M $753.8M
YoY Change 0.81% 12.68%
Common Stock $145.7M $140.6M $140.5M
YoY Change 3.65% -45.4%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $927.5M $916.0M $894.0M
YoY Change
Total Liabilities & Shareholders Equity $2.325B $1.984B $1.856B
YoY Change 17.22% 35.0% 40.06%

Cashflow Statement

Concept 2020 Q4 2019 Q4 2019 Q3
OPERATING ACTIVITIES
Net Income $19.55M $42.70M $36.53M
YoY Change -54.22% 40.78% 25.43%
Depreciation, Depletion And Amortization $30.50M $30.90M $28.35M
YoY Change -1.29% 20.23% 9.69%
Cash From Operating Activities $84.40M $132.3M $55.00M
YoY Change -36.21% 3.93% -9.09%
INVESTING ACTIVITIES
Capital Expenditures -$36.90M -$69.40M -$57.10M
YoY Change -46.83% 53.88% 29.19%
Acquisitions
YoY Change
Other Investing Activities -$8.900M -$900.0K $400.0K
YoY Change 888.89% -59.09%
Cash From Investing Activities -$45.80M -$70.20M -$56.80M
YoY Change -34.76% 48.73% 28.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $18.90M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.100M -53.70M -43.50M
YoY Change -92.36% 154.5% 124.23%
NET CHANGE
Cash From Operating Activities 84.40M 132.3M 55.00M
Cash From Investing Activities -45.80M -70.20M -56.80M
Cash From Financing Activities -4.100M -53.70M -43.50M
Net Change In Cash 34.50M 8.400M -45.30M
YoY Change 310.71% -85.76% 1361.29%
FREE CASH FLOW
Cash From Operating Activities $84.40M $132.3M $55.00M
Capital Expenditures -$36.90M -$69.40M -$57.10M
Free Cash Flow $121.3M $201.7M $112.1M
YoY Change -39.86% 17.0% 7.07%

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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 10pt 0pt;"><b style="font-weight:bold;">(1) </b><b style="font-weight:bold;">Description of Business</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:20.15pt;margin:0pt 0pt 10pt 0pt;">The accompanying Consolidated Financial Statements include the accounts of Texas Roadhouse, Inc. ("TRI"), our wholly-owned subsidiaries and subsidiaries in which we have a controlling interest (collectively, the "Company," "we," "our" and/or "us") as of December 29, 2020 and December 31, 2019 and for each of the years in the three-year period ended December 29, 2020.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:20.15pt;margin:0pt 0pt 10pt 0pt;">As of December 29, 2020, we owned and operated 537 restaurants and franchised an additional 97 restaurants in 49 states and ten foreign countries. Of the 537 company restaurants that were operating at December 29, 2020, 517 were wholly-owned and 20 were majority-owned. Of the 97 franchise restaurants, 69 were domestic and 28 were international restaurants.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:20.15pt;margin:0pt 0pt 10pt 0pt;">As of December 31, 2019, we owned and operated 514 restaurants and franchised an additional 97 restaurants in 49 states and ten foreign countries. Of the 514 company restaurants that were operating at December 31, 2019, 494 were wholly-owned and 20 were majority-owned. Of the 97 franchise restaurants, 69 were domestic and 28 were international restaurants<span style="font-style:italic;font-weight:bold;">.</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:20.15pt;margin:0pt 0pt 10pt 0pt;"><span style="font-style:italic;font-weight:bold;">Risks and Uncertainties</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-bottom:10pt;text-indent:20.15pt;margin:0pt;"><span style="white-space:pre-wrap;">The Company is subject to risks and uncertainties as a result of the COVID-19 pandemic (the "pandemic"). On March 13, 2020, the pandemic was declared a National Public Health Emergency. Shortly after the national emergency declaration, state and local officials began placing restrictions on restaurants, some of which allowed To-Go or curbside service only while others limited capacity in the dining room. </span><span style="color:#212529;white-space:pre-wrap;">By late March all of our domestic company and franchise restaurants were under state or local order which only allowed for To-Go or curbside service. Beginning in early May 2020, state and local guidelines began to allow dining rooms to re-open, typically at a limited capacity. While all of our dining rooms were able to re-open in some capacity, many were required to close again in areas more severely impacted by the pandemic. As of December 29, 2020, </span><span style="color:#212529;">82%</span><span style="color:#212529;white-space:pre-wrap;"> of our company restaurants had their dining rooms operating under various limited capacity restrictions. Our remaining restaurants were limited to outdoor and/or To-Go or curbside service only.</span></p><p style="background-color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:10pt;min-height:12.0pt;text-indent:24pt;margin:0pt;"><span style="white-space:pre-wrap;">In response to the impact of the pandemic on our restaurant operations, we have developed a hybrid operating model that accommodates our limited capacity dining rooms together with enhanced To-Go, which includes a curbside and/or drive-up operating model, as permitted by local guidelines. This includes design changes to our building to better accommodate the increased To-Go sales and the expansion of outdoor seating areas where allowed. We also have installed booth partitions in all of our restaurants as an added safety measure for our guests. In addition, we have increased our already strict sanitation requirements, are conducting daily health and temperature checks for all employees before they begin their shift and are requiring personal protective equipment to be worn by all restaurant employees at all times. As we work through the local regulations at each of our locations, the safety of our employees and guests remains our top priority.</span></p><p style="background-color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:10pt;min-height:12.0pt;text-indent:24pt;margin:0pt;"><span style="color:#212529;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:20.15pt;margin:0pt 0pt 10pt 0pt;"><span style="color:#212529;white-space:pre-wrap;">As a result of the dining room restrictions and temporary closures, we have experienced a significant decrease in traffic which has impacted our operating results. While the majority of our dining rooms have re-opened, a significant portion continue to operate under capacity restrictions that severely limit the number of guests we can serve. In addition, while we have seen significant sales growth in our To-Go program, even with dining rooms re-opened, we currently do not expect these sales will generate a similar profit margin and cash flows to our normal operating model. We expect our operating results to continue to be impacted until at least such time that all state and local restrictions are lifted, and our dining rooms can operate at full capacity. We cannot predict how long the pandemic will last, how long it will take until all state and local restrictions will be lifted, or the extent to which our dining rooms will have to close again. In addition, we cannot predict the overall impact on the economy or consumer spending habits. </span><span style="white-space:pre-wrap;">The extent of these dining room restrictions and temporary closures will determine the significance of the impact to our financial condition, financial results, and liquidity in future periods. In addition, significant items subject to estimates and assumptions including the carrying amount of property and equipment, goodwill, and lease related assets could be impacted.</span></p>
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CY2020 us-gaap Fiscal Period
FiscalPeriod
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:18pt;text-indent:-18pt;margin:0pt 0pt 10pt 20.15pt;"><span style="font-style:italic;font-weight:bold;white-space:pre-wrap;">(b) Fiscal Year</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:20.15pt;margin:0pt;">We utilize a <span style="-sec-ix-hidden:Hidden_O3TJLL6kV0qovlvE0KrkpA;"><span style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;text-align:left;">52</span></span> or <span style="-sec-ix-hidden:Hidden_qXZFdMgEHUeaX6aZKDhxEQ;"><span style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;text-align:left;">53 week</span></span> accounting period that typically ends on the last Tuesday in December. We utilize a <span style="-sec-ix-hidden:Hidden_2nHT2chWbkGG1P3PuvOS0g;"><span style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;text-align:left;">13</span></span> week accounting period for quarterly reporting purposes, except in years containing <span style="-sec-ix-hidden:Hidden_91JMR60FkUCt_QKLgGeUkQ;"><span style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;text-align:left;">53 weeks</span></span> when the fourth quarter contains <span style="-sec-ix-hidden:Hidden_ZmxAzBhFZU-TDvrbdJIaQA;"><span style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;text-align:left;">14</span></span> <span style="white-space:pre-wrap;">weeks. Fiscal years 2020 and 2018 were </span>52 weeks in length and fiscal year 2019 was <span style="-sec-ix-hidden:Hidden_X2Bgmzx6K0iBHtdYQTwtmQ;"><span style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;text-align:left;">53 weeks</span></span><span style="white-space:pre-wrap;"> in length. In fiscal year 2019, the 53</span><sup style="font-size:7.5pt;line-height:100%;top:0pt;vertical-align:top;">rd</sup> week added $59.0 million to restaurant and other sales and $0.10 to $0.11<span style="white-space:pre-wrap;"> to diluted earnings per share in our consolidated statements of income and comprehensive income. </span> </p>
CY2018 us-gaap Fiscal Period Duration
FiscalPeriodDuration
P364D
CY2020 us-gaap Fiscal Period Duration
FiscalPeriodDuration
P364D
CY2020Q4 us-gaap Credit Card Receivables
CreditCardReceivables
18100000
CY2019Q4 us-gaap Credit Card Receivables
CreditCardReceivables
22400000
CY2020 us-gaap Threshold Period Past Due For Writeoff Of Trade Accounts Receivable
ThresholdPeriodPastDueForWriteoffOfTradeAccountsReceivable
P120D
CY2019 txrh Intangible Assets Disposals And Other Net
IntangibleAssetsDisposalsAndOtherNet
0
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2019 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2019Q4 us-gaap Goodwill
Goodwill
124748000
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
1100000
CY2018 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2020Q4 txrh Self Insurance Reserve Limit Employee Practices Liability
SelfInsuranceReserveLimitEmployeePracticesLiability
500000
CY2020Q4 txrh Self Insurance Reserve Limit Employee Practices Class Action
SelfInsuranceReserveLimitEmployeePracticesClassAction
2500000
CY2020Q4 txrh Self Insurance Reserve Limit Workers Compensation
SelfInsuranceReserveLimitWorkersCompensation
350000
CY2020Q4 txrh Self Insurance Reserve Limit General Liability
SelfInsuranceReserveLimitGeneralLiability
1000000
CY2020Q4 txrh Self Insurance Reserve Limit Property
SelfInsuranceReserveLimitProperty
250000
CY2020Q4 txrh Self Insurance Reserve Limit Employee Healthcare
SelfInsuranceReserveLimitEmployeeHealthcare
350000
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0
CY2020 txrh Designated Portion Of Sales From Domestic And Franchise Restaurants Remitted To Advertising Fund
DesignatedPortionOfSalesFromDomesticAndFranchiseRestaurantsRemittedToAdvertisingFund
0.003
CY2020 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
13800000
CY2019 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
18300000
CY2018 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
17100000
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:18pt;text-indent:-18pt;margin:0pt 0pt 10pt 20.15pt;"><span style="font-style:italic;font-weight:bold;white-space:pre-wrap;">(q) Use of Estimates</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:20.15pt;margin:0pt 0pt 10pt 0pt;">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, leases and leasehold improvements, legal reserves, gift card breakage and third party fees and income taxes. Actual results could differ from those estimates.</p>
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2398123000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2756163000
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2457449000
CY2020 txrh Estimated Percentage Of Gift Cards Sold By Company Never Redeemed
EstimatedPercentageOfGiftCardsSoldByCompanyNeverRedeemed
0.04
CY2020 txrh Gift Card Fees
GiftCardFees
6800000
CY2019 txrh Gift Card Fees
GiftCardFees
9100000
CY2020Q4 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
2
CY2020Q4 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
10600000
CY2020Q4 us-gaap Business Acquisition Purchase Price Allocation Goodwill Expected Tax Deductible Amount
BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmount
3300000
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2271000
CY2018Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
4800000
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
16600000
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
14300000
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
15400000
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
14100000
CY2020Q4 us-gaap Line Of Credit
LineOfCredit
50000000.0
CY2020Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
32500000
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1852323000
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1735551000
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
763700000
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
678988000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1088623000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1056563000
CY2020 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
300000
CY2019 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0
CY2018 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
100000
CY2018Q4 us-gaap Goodwill
Goodwill
123220000
CY2020Q4 us-gaap Goodwill
Goodwill
127001000
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1234000
CY2020 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
3329000
CY2020 txrh Finite Lived Intangible Assets Acquired During Period
FiniteLivedIntangibleAssetsAcquiredDuringPeriod
1600000
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
563000
CY2020 txrh Goodwill Disposals And Other Net
GoodwillDisposalsAndOtherNet
0
CY2020 txrh Intangible Assets Disposals And Other Net
IntangibleAssetsDisposalsAndOtherNet
0
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
1076000
CY2020 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2020Q4 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P1Y
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
530625000
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
19271000
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
572171000
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
591442000
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
499801000
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
17263000
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
538710000
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
555973000
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
58425000
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
54844000
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
1479000
CY2019 us-gaap Variable Lease Cost
VariableLeaseCost
1590000
CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
90000
CY2019 us-gaap Short Term Lease Cost
ShortTermLeaseCost
120000
CY2020 us-gaap Lease Cost
LeaseCost
59994000
CY2019 us-gaap Lease Cost
LeaseCost
56554000
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
52904000
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
49018000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
50322000
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
51220000
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P17Y9M10D
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P17Y9M25D
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0671
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0677
CY2020Q4 txrh Operating Lease Payments Minimum Lease Payments Excluded Not Yet Taken Possession Of Leases Real Estate
OperatingLeasePaymentsMinimumLeasePaymentsExcludedNotYetTakenPossessionOfLeasesRealEstate
15100000
CY2020 txrh Number Of Finance Leases
NumberOfFinanceLeases
1
CY2020Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
1700000
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
2100000
CY2020 us-gaap Proceeds From Sale Of Lease Receivables
ProceedsFromSaleOfLeaseReceivables
2200000
CY2018 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
54967000
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-648000
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
15643000
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
2934000
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
4505000
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
10050000
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
8794000
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
403000
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
369000
CY2018 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
210000
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
4260000
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
26062000
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
11938000
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-16859000
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
4396000
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
11909000
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-3073000
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1939000
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
410000
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-19932000
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
6335000
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
12319000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-15672000
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
32397000
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
24257000
CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
10360000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
5621000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
5510000
CY2020Q4 txrh Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Operating Lease Right Of Use Assets And Lease Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOperatingLeaseRightOfUseAssetsAndLeaseLiabilities
146803000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
12778000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
10503000
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.036
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.038
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.036
CY2020 txrh Effective Income Tax Rate Reconciliation Tax Credits Fica Tip
EffectiveIncomeTaxRateReconciliationTaxCreditsFICATip
0.925
CY2019 txrh Effective Income Tax Rate Reconciliation Tax Credits Fica Tip
EffectiveIncomeTaxRateReconciliationTaxCreditsFICATip
0.094
CY2018 txrh Effective Income Tax Rate Reconciliation Tax Credits Fica Tip
EffectiveIncomeTaxRateReconciliationTaxCreditsFICATip
0.096
CY2020 txrh Effective Income Tax Rate Reconciliation Tax Credits Work Opportunity
EffectiveIncomeTaxRateReconciliationTaxCreditsWorkOpportunity
0.124
CY2019 txrh Effective Income Tax Rate Reconciliation Tax Credits Work Opportunity
EffectiveIncomeTaxRateReconciliationTaxCreditsWorkOpportunity
0.015
CY2018 txrh Effective Income Tax Rate Reconciliation Tax Credits Work Opportunity
EffectiveIncomeTaxRateReconciliationTaxCreditsWorkOpportunity
0.015
CY2020 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.023
CY2019 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.001
CY2018 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.014
CY2020 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
0.030
CY2019 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
0.006
CY2018 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
0.008
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.026
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.012
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.017
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.016
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.007
CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.001
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.814
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.151
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.129
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.814
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.151
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.151
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.129
CY2020Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
26692000
CY2019Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
16122000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Self Insurance
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsSelfInsurance
5998000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Self Insurance
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsSelfInsurance
4774000
CY2020Q4 txrh Deferred Tax Assets Long Term Deferred Payroll Taxes
DeferredTaxAssetsLongTermDeferredPayrollTaxes
5995000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
705000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
601000
CY2019Q4 txrh Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Operating Lease Right Of Use Assets And Lease Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOperatingLeaseRightOfUseAssetsAndLeaseLiabilities
137744000
CY2019Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
1710000
CY2020Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
2119000
CY2019Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
2482000
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
217071000
CY2019Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
179446000
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
71263000
CY2019Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
63777000
CY2020Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
6896000
CY2019Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
6241000
CY2020Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
131718000
CY2019Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
123813000
CY2020Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
9996000
CY2019Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
8310000
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
219873000
CY2019Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
202141000
CY2020Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
2802000
CY2019Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
22695000
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1482000
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
16000
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
362000
CY2019 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
314000
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1546000
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
148000
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
389000
CY2020 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
421000
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1662000
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2019Q4 txrh Preferred Stock Series Number Minimum
PreferredStockSeriesNumberMinimum
1
CY2020Q4 txrh Preferred Stock Series Number Minimum
PreferredStockSeriesNumberMinimum
1
CY2019Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
70509000
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
71467000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
69438000
CY2019Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
250000000.0
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
12600000
CY2020 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
252409
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
139800000
CY2019 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
2625245
CY2020Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
147800000
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
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31255000
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0.45
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CY2020 txrh Fair Value Assets Transfers Amount
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CY2020 txrh Minimum Number Of Investment Funds In Rabbi Trust Deferred Compensation Contributed
MinimumNumberOfInvestmentFundsInRabbiTrustDeferredCompensationContributed
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CY2020 us-gaap Restructuring Settlement And Impairment Provisions
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CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Costs And Expenses
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CY2019 us-gaap Costs And Expenses
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us-gaap Net Income Loss
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CY2019 us-gaap Net Income Loss
NetIncomeLoss
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CY2019Q1 us-gaap Earnings Per Share Basic
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CY2019 us-gaap Earnings Per Share Basic
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CY2019Q1 us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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0.61
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2019Q1 us-gaap Common Stock Dividends Per Share Declared
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0.30
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0.30
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.30
CY2019 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.20

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