Annual report pursuant to Section 13 and 15(d)

Description of Business and Summary of Significant Accounting Policies (Tables)

v2.4.1.9
Description of Business and Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 28, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of estimated useful lives for property and equipment
The estimated useful lives for property and equipment are:
Buildings
 
5 to 20 years
Leasehold improvements
 
Shorter of lease term or estimated useful life, not to exceed 20 years
Furniture, fixtures and equipment
 
3 to 7 years
Restaurant property leased to others
 
3 to 20 years
Schedule of computations for basic and diluted earnings per share
The computations for basic and diluted earnings per share for fiscal year ended December 28, 2014, December 29, 2013 and December 30, 2012 are as follows (in thousands, except per share data):
 
 
2014
 
2013
 
2012
Net income
 
$
32,561

 
$
32,239

 
$
28,331

Shares:
 
 
 
 
 
 
Basic weighted average shares outstanding
 
14,237

 
14,225

 
14,411

Dilutive effect of stock options and awards
 
210

 
285

 
258

Diluted weighted average shares outstanding
 
14,447

 
14,510

 
14,669

Earnings per share:
 
 
 
 
 
 
Basic
 
$
2.29

 
$
2.27

 
$
1.97

Diluted
 
$
2.25

 
$
2.22

 
$
1.93