Consolidated Balance Sheets (Parenthetical) - $ / shares |
Jul. 01, 2025 |
Dec. 31, 2024 |
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| Statement of Financial Position [Abstract] | ||
| Preferred stock, shares authorized | 5,000,000 | 5,000,000 |
| Preferred stock, issued | 0 | 0 |
| Preferred stock, outstanding | 0 | 0 |
| Common stock, par value | $ 0 | $ 0 |
| Common stock, shares authorized | 125,000,000 | 125,000,000 |
| Common stock, shares issued | 22,181,000 | 22,697,000 |
| Common stock, shares outstanding | 22,181,000 | 22,697,000 |
Unaudited Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||||
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Jul. 01, 2025 |
Jul. 02, 2024 |
Jul. 01, 2025 |
Jul. 02, 2024 |
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| Income Statement [Abstract] | ||||||
| Revenues | $ 365,597 | $ 349,927 | $ 713,570 | $ 687,261 | ||
| Restaurant operating costs (excluding depreciation and amortization): | ||||||
| Cost of sales | 90,803 | 89,836 | 177,623 | 174,789 | ||
| Labor and benefits | 129,374 | 126,309 | 255,026 | 251,330 | ||
| Occupancy and operating | 83,300 | 79,566 | 163,211 | 156,424 | ||
| General and administrative | 21,750 | 20,604 | 43,502 | 43,601 | ||
| Depreciation and amortization | 18,736 | 18,163 | 37,013 | 36,036 | ||
| Restaurant opening | 225 | 300 | 663 | 890 | ||
| Loss on disposal and impairment of assets, net | 195 | 1,928 | 368 | 2,712 | ||
| Total costs and expenses | 344,383 | 336,706 | 677,406 | 665,782 | ||
| Income from operations | 21,214 | 13,221 | 36,164 | 21,479 | ||
| Other (expense) income: | ||||||
| Interest expense, net | (1,272) | (1,259) | (2,502) | (2,670) | ||
| Other income, net (1) | [1] | 3,761 | 2,772 | 3,700 | 3,468 | |
| Total other income | 2,489 | 1,513 | 1,198 | 798 | ||
| Income before income taxes | 23,703 | 14,734 | 37,362 | 22,277 | ||
| Income tax expense (benefit) | 1,495 | (2,423) | 1,662 | (2,603) | ||
| Net income | $ 22,208 | $ 17,157 | $ 35,700 | $ 24,880 | ||
| Net income per share: | ||||||
| Basic | $ 1 | $ 0.74 | $ 1.59 | $ 1.07 | ||
| Diluted | $ 0.97 | $ 0.72 | $ 1.54 | $ 1.04 | ||
| Weighted average number of shares outstanding: | ||||||
| Basic | 22,220 | 23,309 | 22,452 | 23,313 | ||
| Diluted | 22,962 | 23,921 | 23,130 | 23,954 | ||
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Unaudited Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jul. 01, 2025 |
Jul. 02, 2024 |
Jul. 01, 2025 |
Jul. 02, 2024 |
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| Income Statement [Abstract] | ||||
| Related party net loss related to equity method investment | $ 66,000 | $ 146,000 | $ 225,000 | $ 293,000 |
Pay vs Performance Disclosure - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jul. 01, 2025 |
Jul. 02, 2024 |
Jul. 01, 2025 |
Jul. 02, 2024 |
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| Pay vs Performance Disclosure | ||||
| Net Income (Loss) | $ 22,208 | $ 17,157 | $ 35,700 | $ 24,880 |
Insider Trading Arrangements |
3 Months Ended |
|---|---|
Jul. 01, 2025 | |
| Trading Arrangements, by Individual | |
| Rule 10b5-1 Arrangement Adopted | false |
| Non-Rule 10b5-1 Arrangement Adopted | false |
| Rule 10b5-1 Arrangement Terminated | false |
| Non-Rule 10b5-1 Arrangement Terminated | false |
Basis of Presentation |
6 Months Ended |
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Jul. 01, 2025 | |
| Accounting Policies [Abstract] | |
| Basis of Presentation | 1. BASIS OF PRESENTATION The accompanying unaudited consolidated financial statements include the accounts of BJ’s Restaurants, Inc. (referred to herein as the “Company,” “we,” “us” and “our”) and our wholly owned subsidiaries. The consolidated financial statements presented herein include all material adjustments (consisting of normal recurring adjustments) which are, in the opinion of management, necessary for a fair presentation of our financial condition, results of operations, shareholders’ equity and cash flows for the periods presented. Our consolidated financial statements and accompanying notes have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Certain information and footnote disclosures normally included in consolidated financial statements in accordance with U.S. GAAP have been omitted pursuant to the U.S. Securities and Exchange Commission (“SEC”) rules. The preparation of financial statements in conformity with U.S. GAAP requires us to make certain estimates and assumptions for the reporting periods covered by the financial statements. These estimates and assumptions affect the reported amounts of assets, liabilities, revenues and expenses. Actual amounts could differ from these estimates. Our operating results for the twenty-six weeks ended July 1, 2025 may not be indicative of operating results for the entire year. A description of our accounting policies and other financial information is included in our audited consolidated financial statements filed with the SEC on Form 10-K for the fiscal year ended December 31, 2024. The disclosures included in our accompanying interim consolidated financial statements and footnotes should be read in conjunction with our consolidated financial statements and notes thereto included in the Annual Report on Form 10-K and our other reports filed from time to time with the Securities and Exchange Commission. Recently Issued Accounting Standards In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The ASU includes amendments requiring enhanced income tax disclosures, primarily related to standardization and disaggregation of rate reconciliation categories and income taxes paid by jurisdiction. The guidance is effective for fiscal years beginning after December 15, 2024, with early adoption permitted, and should be applied either prospectively or retrospectively. The adoption of this ASU will have no impact on our consolidated financial statements and related disclosures. In November 2024, the FASB issued ASU 2024-03, Disaggregation of Income Statement Expenses (Subtopic 220-40). The ASU requires public entities to disaggregate, in a tabular presentation, certain income statement expenses into different categories, such as purchases of inventory, employee compensation, depreciation, and intangible asset amortization. The guidance is effective for fiscal years beginning after December 15, 2026, with early adoption permitted, and may be applied retrospectively. We are currently evaluating the impact of adopting the new ASU on our consolidated financial statements and related disclosures. We reviewed all other recently issued accounting pronouncements and concluded that they were either not applicable or not expected to have a significant impact to our consolidated financial statements. |
Revenue Recognition |
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| Revenue from Contract with Customer [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue Recognition | 2. REVENUE RECOGNITION Our revenues are comprised of food and beverage sales from our restaurants, including takeout, delivery and catering sales. Revenues from restaurant sales are recognized when payment is tendered. Amounts paid with a credit card are recorded in accounts and other receivables until payment is collected from the credit card processor. We sell gift cards which do not have an expiration date, and we do not deduct non-usage fees from outstanding gift card balances. Gift card sales are recorded as a liability and recognized as revenues upon redemption in our restaurants. Based on historical redemption rates, a portion of our gift card sales are not expected to be redeemed and will be recognized as gift card “breakage.” Estimated gift card breakage is recorded as revenue and recognized in proportion to our historical redemption pattern, unless there is a legal obligation to remit the unredeemed gift cards to government authorities. Our “BJ’s Premier Rewards Plus” guest loyalty program enables participants to earn points for qualifying purchases that can be redeemed for food and beverages in the future. We allocate the transaction price between the goods delivered and the future goods that will be delivered on a relative standalone selling price basis, and defer the revenues allocated to the points, less expected expirations, until such points are redeemed.
The liability related to our gift card and loyalty program, included in “Accrued expenses” on our Consolidated Balance Sheets is as follows (in thousands):
Revenue recognized for the redemption of gift cards and loyalty rewards deferred at the beginning of each respective fiscal year is as follows (in thousands):
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Leases |
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| Leases [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Leases | 3. LEASES We determine if a contract contains a lease at inception. Our material operating leases consist of restaurant locations and office space. U.S. GAAP requires that our leases be evaluated and classified as operating or finance leases for financial reporting purposes. The classification evaluation begins at the commencement date, and the lease term used in the evaluation includes the non-cancellable period for which we have the right to use the underlying asset, together with renewal option periods when the exercise of the renewal option is reasonably certain and failure to exercise such option would result in an economic penalty. All of our restaurant and office space leases are classified as operating leases. We have elected to account for lease and non-lease components as a single lease component for office and beverage equipment. We do not have any finance leases. Lease costs included in “Occupancy and operating” on the Consolidated Statements of Operations consisted of the following (in thousands):
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Long-Term Debt |
6 Months Ended |
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Jul. 01, 2025 | |
| Debt Disclosure [Abstract] | |
| Long-Term Debt | 4. LONG-TERM DEBT
Line of Credit On May 30, 2025, we entered into a Fifth Amended and Restated Credit Agreement (“Credit Facility”) with Bank of America, N.A. (“BofA”), JPMorgan Chase Bank, N.A., and certain other parties to amend and restate our revolving line of credit (the “Line of Credit”) to extend the maturity date, obtain a swingline subfacility, modify the interest rate, and revise certain loan covenants. Our Credit Facility matures on May 30, 2030, and provides us with revolving loan commitments totaling $215 million, which may be increased up to $315 million, of which $50 million may be used for the issuance of letters of credit. Availability under the Credit Facility is reduced by outstanding letters of credit, which are used to support our self-insurance programs. On July 1, 2025, there were borrowings of $60.5 million and letters of credit of $19.3 million outstanding, leaving $135.2 million available to borrow. Borrowings under the Line of Credit bear interest at an annual rate equal to either (a) the Secured Overnight Financing Rate (“Term SOFR”), adjusted by 10 basis points regardless of the duration of the Term SOFR, plus a percentage not to exceed 2.00%, or (b) the Base Rate plus a percentage not to exceed 1.00%. As with swingline loans: (i) the percentage adjustment depends on the level of lease and debt obligations of the Company as compared to EBITDA and lease expenses; and (ii) there is a floor of 0.00% on Term SOFR plus the 10 basis point adjustment. The weighted average interest rate during the twenty-six weeks ended July 1, 2025 and July 2, 2024 was approximately 6.0% and 6.9%, respectively. The Credit Agreement contains certain representations and warranties, affirmative and negative covenants and events of default that are customary for credit arrangements of this type, including covenants which restrict or limit the Company’s ability to, among other things, create liens, borrow money (other than purchase money indebtedness and trade credit, lease obligations incurred in the ordinary course, and similar ordinary course liabilities), make dividends, and engage in mergers, consolidations, significant asset sales, stock repurchases and certain other transactions. On July 1, 2025, we were in compliance with these covenants.
Pursuant to the Credit Agreement, the Company will be required to pay certain customary fees and expenses associated with maintenance and use of the Line of Credit including letter of credit issuance fees and unused commitment fees. Interest expense and commitment fees under the Credit Facility were approximately $2.5 million and $2.7 million, for the twenty-six weeks ended July 1, 2025 and July 2, 2024, respectively. We also capitalized approximately $0.1 million and $0.2 million of interest expense related to new restaurant construction during each of the twenty-six weeks ended July 1, 2025 and July 2, 2024, respectively. Additionally, we capitalized approximately $0.8 million of fees related to the Fifth Amended and Restated Credit Agreement, which are being amortized over the remaining term of the Credit Facility. |
Net Income Per Share |
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| Earnings Per Share [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Income Per Share | 5. NET INCOME PER SHARE Basic and diluted net income per share is calculated by dividing net income by the weighted average number of common shares outstanding during the period. The number of diluted shares reflects the potential dilution that could occur if holders of in-the-money options and warrants were to exercise their right to convert these instruments into common stock and unvested restricted stock units (“RSUs”) were to vest. Additionally, performance-based restricted stock units (“RSUs”) are considered contingent shares; therefore, at each reporting date we determine the probable number of shares that will vest and include these contingently issuable shares in our diluted share calculation unless they are anti-dilutive. Once these performance-based RSUs vest, they are included in our basic net income per share calculation. The following table presents a reconciliation of basic and diluted net income per share, including the number of dilutive equity awards included in the dilutive net income per share computation (in thousands):
For each of the thirteen weeks ended July 1, 2025 and July 2, 2024, there were approximately 0.4 million and 1.0 million, respectively, of common stock equivalents that have been excluded from the calculation of diluted net income per share because they are anti-dilutive. For each of the twenty-six weeks ended July 1, 2025 and July 2, 2024, there were approximately 0.6 million and 1.0 million, respectively, of common stock equivalents that have been excluded from the calculation of diluted net income per share because they are anti-dilutive. |
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Stock-Based Compensation |
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| Share-Based Payment Arrangement [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stock-Based Compensation | 6. STOCK-BASED COMPENSATIONOur current shareholder approved stock-based compensation plan is the BJ’s Restaurants, Inc. 2024 Equity Incentive Plan, (as it may be amended from time to time, “the Plan”). Under the Plan, we may issue shares of our common stock to team members, officers, directors and consultants. We grant non-qualified stock options, and service- and performance-based RSUs. Since fiscal 2024, we also grant performance-based RSUs with market-based metrics. Additionally, we issue service-based RSUs in connection with the BJ’s Gold Standard Stock Ownership Program (the “GSSOP”), a long-term equity incentive program under the Plan for our restaurant general managers, executive kitchen managers, directors of operations and directors of kitchen operations. All GSSOP participants are required to remain in good standing during their vesting period. All options granted under the Plan expire within 10 years of their date of grant. Awards of stock options or stock appreciation rights are charged against the Plan share reserve on the basis of one share for each option granted. All other awards are charged against the 2024 Plan share reserve on the basis of 1.5 shares for each award unit granted. We estimate forfeitures based on historical data and we take into consideration future expectations. The Plan also contains other limits on the terms of incentive grants such as the maximum number that can be granted to a team member during any fiscal year. We use the Black-Scholes option-pricing model to determine the fair value of our stock options, and we use the Monte Carlo simulation model to determine the fair value of our performance-based RSUs that include a market-based metric. Both valuation models require management to make assumptions regarding stock price, volatility, the expected life of the award, risk-free interest rate and expected dividend yield. The fair value of service-based and performance-based RSUs without market-based metrics, is equal to the fair value of our common stock at market close on the grant date, or the last trading day prior to the grant date if the grant occurs on a day when the market is closed. The grant date fair value of each stock option, service-based RSU, and performance-based RSU with market-based metrics is recognized as stock-based compensation expense on a straight-line basis over the applicable vesting period (e.g., , or years). For performance-based RSUs without market-based metrics, stock-based compensation expense recognition is recognized based on the estimated number of awards that is expected to vest, which is reassessed each reporting period based on management’s current estimate of achievement of the applicable performance goals. Forfeitures are estimated based on historical experience and adjusted for future expectations. The Plan permits our Board of Directors to set the vesting terms and exercise period for awards at their discretion; however, the grant of awards with no minimum vesting period or a vesting period less than one year may not exceed 5% of the total number of shares authorized under the Plan. Stock options and service-based RSUs cliff vest at one year or ratably over three years for non-GSSOP participants, and either cliff vest at five years or cliff vest at 33% on the third anniversary and 67% on the fifth anniversary for GSSOP participants. Performance-based RSUs cliff vest on the third anniversary of the grant date in an amount from 0% to 150% of the grant quantity, depending on the level of performance target achievement. The following table presents the stock-based compensation recognized within our consolidated financial statements (in thousands):
(1) Capitalized stock-based compensation relates to our restaurant development personnel and is included in “Property and equipment, net” on the Consolidated Balance Sheets. Stock Options The fair value of each stock option was estimated on the grant date using the Black‑Scholes option-pricing model with the following assumptions:
Under our stock-based compensation plan, the exercise price of a stock option is required to equal or exceed the fair value of our common stock at market close on the option grant date or the last trading day prior to the date of grant when grants take place on a day when the market is closed. The following table presents stock option activity:
As of July 1, 2025, total unrecognized stock-based compensation expense related to non-vested stock options was approximately $1.8 million, which is expected to be recognized over the next three years. Restricted Stock Units Service-Based Restricted Stock Units The following table presents service-based restricted stock unit activity:
As of July 1, 2025, total unrecognized stock-based compensation expense related to non-vested service-based RSUs was approximately $11.9 million, which is expected to be recognized over the next to five years. Performance-Based Restricted Stock Units The following table presents performance-based restricted stock unit activity:
The fair value of performance-based RSUs, which include a market-based metric, was estimated on the grant date using the Monte Carlo simulation model with the following assumptions:
As of July 1, 2025, the total unrecognized stock-based compensation expense related to non-vested performance-based RSUs was approximately $3.0 million, which is expected to be recognized over the next to . |
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Income Taxes |
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| Income Tax Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income Taxes | 7. INCOME TAXES We calculate our interim income tax provision in accordance with ASC Topic 270, “Interim Reporting” and ASC Topic 740, “Accounting for Income Taxes.” The related tax expense or benefit is recognized in the interim period in which it occurs. In addition, the effect of changes in enacted tax laws, rates or tax status is recognized in the interim period in which the change occurs. The computation of the annual estimated effective tax rate at each interim period requires certain significant estimates and judgment including the expected operating income for the year, permanent and temporary differences because of differences between amounts measured and recognized in accordance with tax laws and financial accounting standards, and the likelihood of recovering deferred tax assets generated in the current fiscal year. The accounting estimates used to compute income tax expense may change as new events occur, additional information is obtained or the tax environment changes. Our effective income tax rate for the twenty-six weeks ended July 1, 2025 was an expense rate of 4.4% compared to a benefit rate of 11.7% for the comparable twenty-six weeks ended July 2, 2024. The effective tax rate expense and benefit for the twenty-six weeks ended July 1, 2025 and July 2, 2024, respectively, was different from the statutory tax rate primarily as a result of significant Federal Insurance Contributions Act (“FICA”) tax tip credits. As of July 1, 2025, we had unrecognized tax benefits of approximately $0.9 million, which, if reversed, would impact our effective tax rate. A reconciliation of the beginning and ending amount of unrecognized tax benefits is the following (in thousands):
Our uncertain tax positions are related to tax years that remain subject to examination by tax agencies. As of July 1, 2025, the earliest tax year still subject to examination by the Internal Revenue Service is 2021. The earliest year still subject to examination by a significant state or local taxing authority is 2020. |
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Legal Proceedings |
6 Months Ended |
|---|---|
Jul. 01, 2025 | |
| Commitments and Contingencies Disclosure [Abstract] | |
| Legal Proceedings | 8. LEGAL PROCEEDINGS We are subject to lawsuits, administrative proceedings and demands that arise in the ordinary course of our business and which typically involve claims from guests, team members and others related to operational, employment, real estate and intellectual property issues common to the foodservice industry. A number of these claims may exist at any given time. We are self-insured for a portion of our general liability, team member workers’ compensation and employment practice liability insurance requirements. We maintain coverage with a third-party insurer to limit our total exposure. We believe that most of our claims will be covered by our insurance, subject to coverage limits and the portion of such claims that are self-insured; however, punitive damages awards are not covered by our insurance. To date, we have not been ordered to pay punitive damages with respect to any claims, but there can be no assurance that punitive damages will not be awarded with respect to any future claims. We could be affected by adverse publicity resulting from allegations in lawsuits, claims and proceedings, regardless of whether these allegations are valid or whether we are ultimately determined to be liable. We currently believe that the final disposition of these types of lawsuits, proceedings and claims will not have a material adverse effect on our financial position, results of operations or liquidity. It is possible, however, that our future results of operations for a particular quarter or fiscal year could be impacted by changes in circumstances relating to lawsuits, proceedings or claims. |
Shareholders' Equity |
6 Months Ended |
|---|---|
Jul. 01, 2025 | |
| Equity [Abstract] | |
| Shareholders' Equity | 9. SHAREHOLDERS’ EQUITY Warrant BJ’s Act III, LLC’s (“Act III”) warrant for 876,949 shares of common stock at an exercise price of $26.94 was set to expire on May 4, 2025, five years following the issuance. On December 30, 2024, the Company agreed to extend the termination date of the warrant by two years to May 4, 2027. The warrant extension was executed in conjunction with a Cooperation Agreement that contains material non-shareholder restrictions, such as those limiting Act III's ability to purchase additional Company shares. Stock Repurchases During the twenty-six weeks ended July 1, 2025, we repurchased and retired approximately 842,000 shares of our common stock at an average price of $34.72 per share for approximately $29.2 million, which is recorded as a reduction in common stock, with any excess charged to retained earnings. Our Board of Directors approved a $50 million increase in our share repurchase program both in February 2024 and February 2025. As of July 1, 2025, we had $56.7 million available under our authorized $600 million share repurchase program. Repurchases may be made at any time. Cash Dividends We currently do not pay any cash dividends. Any payment of quarterly cash dividends will be subject to our Board of Directors determining that the payment of dividends is in the best interest of the Company and its shareholders. |
Related Party Transactions |
6 Months Ended |
|---|---|
Jul. 01, 2025 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions | 10. RELATED PARTY TRANSACTIONS BJ's Act III, LLC On December 30, 2024, the Company agreed to extend Act III's warrant termination date by two years to May 4, 2027, and recorded a related expense of $4.6 million within “Other (expense) income, net” on our Consolidated Statements of Operations. See Note 9 for further information.
Equity Method Investment During fiscal 2022, we contributed assets valued at $5.0 million to a company, in which our Board member and former Chief Executive Officer has a less than 1% interest. We recorded this non-cash contribution, in exchange for a 20% ownership of the company, as an investment within “Equity method investment” on our Consolidated Balance Sheets, and the related gain within “Loss on disposal and impairment of assets, net” on our Consolidated Statements of Operations. For the twenty-six weeks ended July 1, 2025 and July 2, 2024, we recorded a net loss related to the investment of $0.2 million and $0.3 million, respectively, within “Other income, net,” and accordingly adjusted the investment carrying amount on our Consolidated Balance Sheets. |
Segment Information |
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Jul. 01, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segment Reporting [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segment Information | 11. SEGMENT INFORMATION We currently operate in one operating segment: full-service company-owned restaurants and in one geographic area: the United States of America. We do not have intra-entity sales or transfers. Our revenues are comprised of food and beverage sales from our restaurants, including takeout, delivery and catering sales. Our Chief Operating Decision Maker (“CODM”) is our , and he assesses performance and decides how to allocate resources based on income (loss) from operations, which is also reported on our Consolidated Statements of Operations. Additionally, the measure of segment assets is reported on our Consolidated Balance Sheets as total assets. Our CODM uses net income to evaluate income generated from our segment assets and decides whether to reinvest profits into other parts of our business. Reported segment revenue and expenses is presented below (in thousands):
(1) Other segment items consist of amounts related to general and administrative expenses, restaurant opening expenses, and loss on disposal of and impairment of assets. |
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Subsequent Events |
6 Months Ended |
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Jul. 01, 2025 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | 12. SUBSEQUENT EVENTS Subsequent to the end of our second fiscal quarter, on July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”) was enacted. The OBBBA amends U.S. tax law, including provisions related to bonus depreciation, research and development expensing, and interest expense deduction, among other provisions. The Company is currently evaluating the impact of the OBBBA on our consolidated financial statements and related disclosures. |
Basis of Presentation (Policies) |
6 Months Ended |
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Jul. 01, 2025 | |
| Accounting Policies [Abstract] | |
| Basis of Presentation | The accompanying unaudited consolidated financial statements include the accounts of BJ’s Restaurants, Inc. (referred to herein as the “Company,” “we,” “us” and “our”) and our wholly owned subsidiaries. The consolidated financial statements presented herein include all material adjustments (consisting of normal recurring adjustments) which are, in the opinion of management, necessary for a fair presentation of our financial condition, results of operations, shareholders’ equity and cash flows for the periods presented. Our consolidated financial statements and accompanying notes have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Certain information and footnote disclosures normally included in consolidated financial statements in accordance with U.S. GAAP have been omitted pursuant to the U.S. Securities and Exchange Commission (“SEC”) rules. The preparation of financial statements in conformity with U.S. GAAP requires us to make certain estimates and assumptions for the reporting periods covered by the financial statements. These estimates and assumptions affect the reported amounts of assets, liabilities, revenues and expenses. Actual amounts could differ from these estimates. Our operating results for the twenty-six weeks ended July 1, 2025 may not be indicative of operating results for the entire year. A description of our accounting policies and other financial information is included in our audited consolidated financial statements filed with the SEC on Form 10-K for the fiscal year ended December 31, 2024. The disclosures included in our accompanying interim consolidated financial statements and footnotes should be read in conjunction with our consolidated financial statements and notes thereto included in the Annual Report on Form 10-K and our other reports filed from time to time with the Securities and Exchange Commission. |
| Recently Issued Accounting Standards | Recently Issued Accounting Standards In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The ASU includes amendments requiring enhanced income tax disclosures, primarily related to standardization and disaggregation of rate reconciliation categories and income taxes paid by jurisdiction. The guidance is effective for fiscal years beginning after December 15, 2024, with early adoption permitted, and should be applied either prospectively or retrospectively. The adoption of this ASU will have no impact on our consolidated financial statements and related disclosures. In November 2024, the FASB issued ASU 2024-03, Disaggregation of Income Statement Expenses (Subtopic 220-40). The ASU requires public entities to disaggregate, in a tabular presentation, certain income statement expenses into different categories, such as purchases of inventory, employee compensation, depreciation, and intangible asset amortization. The guidance is effective for fiscal years beginning after December 15, 2026, with early adoption permitted, and may be applied retrospectively. We are currently evaluating the impact of adopting the new ASU on our consolidated financial statements and related disclosures. We reviewed all other recently issued accounting pronouncements and concluded that they were either not applicable or not expected to have a significant impact to our consolidated financial statements. |
| Net (Loss) Income Per Share | Basic and diluted net income per share is calculated by dividing net income by the weighted average number of common shares outstanding during the period. The number of diluted shares reflects the potential dilution that could occur if holders of in-the-money options and warrants were to exercise their right to convert these instruments into common stock and unvested restricted stock units (“RSUs”) were to vest. Additionally, performance-based restricted stock units (“RSUs”) are considered contingent shares; therefore, at each reporting date we determine the probable number of shares that will vest and include these contingently issuable shares in our diluted share calculation unless they are anti-dilutive. Once these performance-based RSUs vest, they are included in our basic net income per share calculation. |
Revenue Recognition (Tables) |
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Jul. 01, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue from Contract with Customer [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gift Card Liability and Loyalty Program Included in Accrued Expenses on Consolidated Balance Sheets | The liability related to our gift card and loyalty program, included in “Accrued expenses” on our Consolidated Balance Sheets is as follows (in thousands):
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| Revenue Recognized for Redemption of Gift Cards and Loyalty Rewards Deferred | Revenue recognized for the redemption of gift cards and loyalty rewards deferred at the beginning of each respective fiscal year is as follows (in thousands):
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Leases (Tables) |
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| Leases [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Lease Costs | Lease costs included in “Occupancy and operating” on the Consolidated Statements of Operations consisted of the following (in thousands):
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Net Income Per Share (Tables) |
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| Earnings Per Share [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Reconciliation of Basic and Diluted Net Income Per Share Computations and Number of Dilutive Equity Awards Included in Dilutive Net Income Per Share Computation | The following table presents a reconciliation of basic and diluted net income per share, including the number of dilutive equity awards included in the dilutive net income per share computation (in thousands):
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Stock-Based Compensation (Tables) |
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| Stock-Based Compensation Recognized within Our Consolidated Financial Statements | The following table presents the stock-based compensation recognized within our consolidated financial statements (in thousands):
(1)
Capitalized stock-based compensation relates to our restaurant development personnel and is included in “Property and equipment, net” on the Consolidated Balance Sheets. |
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| Black-Scholes Option-Pricing Model, Assumptions to Estimate the Fair Value of Each Stock Option | The fair value of each stock option was estimated on the grant date using the Black‑Scholes option-pricing model with the following assumptions:
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| Stock Option Activity | Under our stock-based compensation plan, the exercise price of a stock option is required to equal or exceed the fair value of our common stock at market close on the option grant date or the last trading day prior to the date of grant when grants take place on a day when the market is closed. The following table presents stock option activity:
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| Restricted Stock Unit Activity | The following table presents service-based restricted stock unit activity:
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| Monte Carlo Simulation Model, Assumptions Used to Estimate the Fair Value of Performance-Based RSUs | The fair value of performance-based RSUs, which include a market-based metric, was estimated on the grant date using the Monte Carlo simulation model with the following assumptions:
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| Performance-Based Restricted Stock Units | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Restricted Stock Unit Activity | The following table presents performance-based restricted stock unit activity:
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Income Taxes (Tables) |
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| Income Tax Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits is the following (in thousands):
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Segment Information (Tables) |
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| Segment Reporting [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Reported Segment Revenue and Expenses | Reported segment revenue and expenses is presented below (in thousands):
(1) Other segment items consist of amounts related to general and administrative expenses, restaurant opening expenses, and loss on disposal of and impairment of assets. |
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Gift Card Liability and Loyalty Program Included in Accrued Expenses on Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands |
Jul. 01, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Contract with Customer, Contract Asset, Contract Liability, and Receivable [Abstract] | ||
| Gift card liability | $ 10,618 | $ 15,668 |
| Deferred loyalty revenue | $ 3,066 | $ 2,910 |
Revenue Recognized for Redemption of Gift Cards and Loyalty Rewards Deferred (Detail) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jul. 01, 2025 |
Jul. 02, 2024 |
Jul. 01, 2025 |
Jul. 02, 2024 |
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| Disaggregation of Revenue [Abstract] | ||||
| Revenue recognized from gift card liability | $ 2,142 | $ 2,039 | $ 7,911 | $ 7,903 |
| Revenue recognized from guest loyalty program | $ 1,319 | $ 996 | $ 7,065 | $ 5,313 |
Leases - Summary of Lease Costs (Detail) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jul. 01, 2025 |
Jul. 02, 2024 |
Jul. 01, 2025 |
Jul. 02, 2024 |
|
| Leases [Abstract] | ||||
| Lease cost | $ 14,821 | $ 14,442 | $ 29,497 | $ 28,831 |
| Variable lease cost | 1,098 | 997 | 2,040 | 1,792 |
| Total lease costs | $ 15,919 | $ 15,439 | $ 31,537 | $ 30,623 |
Long-Term Debt - Additional Information (Detail) - USD ($) $ in Millions |
6 Months Ended | |
|---|---|---|
Jul. 01, 2025 |
Jul. 02, 2024 |
|
| Line of Credit Facility [Line Items] | ||
| Loan agreement, initiation Date | May 30, 2025 | |
| Floor rate | 0.00% | |
| Weighted average interest rate | 6.00% | 6.90% |
| Credit Facility Debt Instrument | ||
| Line of Credit Facility [Line Items] | ||
| Loan agreement, expiration date | May 30, 2030 | |
| Revolving loan commitments under loan agreement | $ 215.0 | |
| Letters of credit outstanding amount | 19.3 | |
| Line of credit outstanding amount | 60.5 | |
| Available borrowings under credit facility | 135.2 | |
| Interest expense and commitment fees | 2.5 | $ 2.7 |
| Interest expense on line of credit | 0.1 | $ 0.2 |
| Debt instrument fees | 0.8 | |
| Letter of Credit | ||
| Line of Credit Facility [Line Items] | ||
| Revolving loan commitments under loan agreement | $ 50.0 | |
| SOFR | ||
| Line of Credit Facility [Line Items] | ||
| Debt instrument, description of variable rate basis | Term SOFR plus the 10 basis | |
| Maximum | Credit Facility Debt Instrument | ||
| Line of Credit Facility [Line Items] | ||
| Increase in line of credit | $ 315.0 | |
| Maximum | SOFR | Credit Facility Debt Instrument | ||
| Line of Credit Facility [Line Items] | ||
| Line of credit, adjustment to interest rate | 2.00% | |
| Minimum | Base Rate | ||
| Line of Credit Facility [Line Items] | ||
| Line of credit, adjustment to interest rate | 1.00% | |
Reconciliation of Basic and Diluted Net Income Per Share Computations and Number of Dilutive Equity Awards Included in Dilutive Net Income Per Share Computation (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jul. 01, 2025 |
Jul. 02, 2024 |
Jul. 01, 2025 |
Jul. 02, 2024 |
|
| Earnings Per Share [Abstract] | ||||
| Net income | $ 22,208 | $ 17,157 | $ 35,700 | $ 24,880 |
| Weighted-average shares outstanding – basic | 22,220 | 23,309 | 22,452 | 23,313 |
| Dilutive effect of equity awards | 742 | 612 | 678 | 641 |
| Weighted-average shares outstanding – diluted | 22,962 | 23,921 | 23,130 | 23,954 |
| Net income per share: | ||||
| Basic | $ 1 | $ 0.74 | $ 1.59 | $ 1.07 |
| Diluted | $ 0.97 | $ 0.72 | $ 1.54 | $ 1.04 |
Net Income Per Share - Additional Information (Detail) - shares shares in Millions |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jul. 01, 2025 |
Jul. 02, 2024 |
Jul. 01, 2025 |
Jul. 02, 2024 |
|
| Equity Awards and Warrants | ||||
| Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items] | ||||
| Antidilutive securities excluded from computation of net income per share | 0.4 | 1.0 | 0.6 | 1.0 |
Stock-Based Compensation - Additional Information (Detail) $ in Millions |
6 Months Ended |
|---|---|
|
Jul. 01, 2025
USD ($)
shares
| |
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
| Number of shares charged to reserve per option granted | shares | 1 |
| Number of shares charged to reserve per award unit granted | shares | 1.5 |
| Expiration term of stock options | 10 years |
| Vesting terms | The Plan permits our Board of Directors to set the vesting terms and exercise period for awards at their discretion; however, the grant of awards with no minimum vesting period or a vesting period less than one year may not exceed 5% of the total number of shares authorized under the Plan. |
| Stock Option, Service-based RSU, and Performance-based RSU With Market-based Metrics [Member] | Vesting Period One | |
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
| Vesting period (in years) | 1 year |
| Stock Option, Service-based RSU, and Performance-based RSU With Market-based Metrics [Member] | Vesting Period Two | |
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
| Vesting period (in years) | 3 years |
| Stock Option, Service-based RSU, and Performance-based RSU With Market-based Metrics [Member] | Vesting Period Three | |
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
| Vesting period (in years) | 5 years |
| Stock Options and Service-based RSUs [Member] | Vesting Period One | |
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
| Vesting period (in years) | 1 year |
| Stock Options and Service-based RSUs [Member] | Vesting Period Two | |
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
| Vesting period (in years) | 3 years |
| Stock Options and Service-based RSUs [Member] | Cliff Vesting Third Anniversary | |
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
| Vesting percentage | 33.00% |
| Stock Options and Service-based RSUs [Member] | Cliff Vesting Fifth Anniversary | |
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
| Vesting percentage | 67.00% |
| Stock Options and Service-based RSUs [Member] | Cliff Vesting Period One | |
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
| Vesting period (in years) | 5 years |
| Stock Options | |
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
| Unrecognized stock-based compensation expense | $ 1.8 |
| Unrecognized stock-based compensation expenses recognition period (in years) | 3 years |
| Performance Based Restricted Stock Units | |
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
| Unrecognized stock-based compensation expense | $ 3.0 |
| Performance Based Restricted Stock Units | Minimum | |
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
| Unrecognized stock-based compensation expenses recognition period (in years) | 3 years |
| Performance Based Restricted Stock Units | Minimum | Cliff Vesting Third Anniversary | |
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
| Vesting percentage | 0.00% |
| Performance Based Restricted Stock Units | Maximum | |
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
| Unrecognized stock-based compensation expenses recognition period (in years) | 5 years |
| Performance Based Restricted Stock Units | Maximum | Cliff Vesting Third Anniversary | |
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
| Vesting percentage | 150.00% |
| Service-Based Restricted Stock Units | |
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
| Unrecognized stock-based compensation expense | $ 11.9 |
| Service-Based Restricted Stock Units | Minimum | |
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
| Unrecognized stock-based compensation expenses recognition period (in years) | 3 years |
| Service-Based Restricted Stock Units | Maximum | |
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
| Unrecognized stock-based compensation expenses recognition period (in years) | 5 years |
Stock-Based Compensation Recognized within Our Consolidated Financial Statements (Detail) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jul. 01, 2025 |
Jul. 02, 2024 |
Jul. 01, 2025 |
Jul. 02, 2024 |
|||
| Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ||||||
| Stock-based compensation | $ 1,986 | $ 2,845 | $ 4,026 | $ 5,406 | ||
| Capitalized | [1] | 79 | 79 | 169 | 163 | |
| Labor and benefits | ||||||
| Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ||||||
| Stock-based compensation | 865 | 529 | 1,265 | 1,037 | ||
| General and administrative | ||||||
| Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | ||||||
| Stock-based compensation | $ 1,042 | $ 2,237 | $ 2,592 | $ 4,206 | ||
| ||||||
Black-Scholes Option-Pricing Model, Assumptions to Estimate the Fair Value of Each Stock Option (Detail) - $ / shares |
6 Months Ended | |
|---|---|---|
Jul. 01, 2025 |
Jul. 02, 2024 |
|
| Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ||
| Volatility | 64.10% | 67.50% |
| Risk-free interest rate | 4.50% | 3.90% |
| Expected life (years) | 5 years | 5 years |
| Fair value of options granted | $ 20.69 | $ 18.86 |
Stock Option Activity (Detail) shares in Thousands |
6 Months Ended |
|---|---|
|
Jul. 01, 2025
$ / shares
shares
| |
| Options Outstanding, Shares | |
| Outstanding, Beginning Balance | shares | 933 |
| Granted | shares | 45 |
| Exercised | shares | (185) |
| Forfeited | shares | (92) |
| Outstanding, Ending Balance | shares | 701 |
| Options Outstanding, Weighted Average Exercise Price | |
| Outstanding, Beginning Balance | $ / shares | $ 39.1 |
| Granted | $ / shares | 36.21 |
| Exercised | $ / shares | 36.12 |
| Forfeited | $ / shares | 43.55 |
| Outstanding, Ending Balance | $ / shares | $ 39.12 |
| Options Exercisable, Shares | |
| Options Exercisable Outstanding, Beginning Balance | shares | 741 |
| Options Exercisable Outstanding, Ending Balance | shares | 556 |
| Options Exercisable, Weighted Average Exercise Price | |
| Options Exercisable, Beginning Balance | $ / shares | $ 41 |
| Options Exercisable, Ending Balance | $ / shares | $ 40.63 |
Time-Based Restricted Stock Unit Activity (Detail) - Service-Based Restricted Stock Units shares in Thousands |
6 Months Ended |
|---|---|
|
Jul. 01, 2025
$ / shares
shares
| |
| Shares Outstanding | |
| Outstanding Beginning Balance, Shares | shares | 772 |
| Granted, Shares | shares | 145 |
| Released. Shares | shares | (120) |
| Forfeited, Shares | shares | (56) |
| Outstanding Ending Balance, Shares | shares | 741 |
| Weighted Average Fair Value | |
| Outstanding Beginning Balance, Weighted Average Fair Value | $ / shares | $ 30.45 |
| Granted, Weighted Average Fair Value | $ / shares | 35.81 |
| Released, Weighted Average Fair Value | $ / shares | 30.81 |
| Forfeited, Weighted Average Fair Value | $ / shares | 31.26 |
| Outstanding Ending Balance, Weighted Average Fair Value | $ / shares | $ 31.38 |
Performance-Based Restricted Stock Unit Activity (Detail) - Performance-Based Restricted Stock Units shares in Thousands |
6 Months Ended |
|---|---|
|
Jul. 01, 2025
$ / shares
shares
| |
| Shares Outstanding | |
| Outstanding Beginning Balance, Shares | shares | 83 |
| Granted, Shares | shares | 113 |
| Released. Shares | shares | (40) |
| Forfeited, Shares | shares | (25) |
| Outstanding Ending Balance, Shares | shares | 131 |
| Weighted Average Fair Value | |
| Outstanding Beginning Balance, Weighted Average Fair Value | $ / shares | $ 32.89 |
| Granted, Weighted Average Fair Value | $ / shares | 37.39 |
| Released, Weighted Average Fair Value | $ / shares | 32.27 |
| Forfeited, Weighted Average Fair Value | $ / shares | 34.54 |
| Outstanding Ending Balance, Weighted Average Fair Value | $ / shares | $ 36.63 |
Monte Carlo Simulation Model, Assumptions Used to Estimate the Fair Value of Performance-Based RSUs (Details) - $ / shares |
6 Months Ended | |
|---|---|---|
Jul. 01, 2025 |
Jul. 02, 2024 |
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
| Volatility | 64.10% | 67.50% |
| Risk-free interest rate | 4.50% | 3.90% |
| Expected life (years) | 5 years | 5 years |
| Fair value of market-based awards granted | $ 20.69 | $ 18.86 |
| Performance-Based Restricted Stock Units | ||
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
| Volatility | 48.00% | 49.80% |
| Risk-free interest rate | 4.20% | 3.80% |
| Expected life (years) | 3 years | 3 years |
| Fair value of market-based awards granted | $ 37.98 | $ 34.79 |
Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands |
6 Months Ended | |||
|---|---|---|---|---|
Jul. 01, 2025 |
Jul. 02, 2024 |
Dec. 31, 2024 |
Jan. 02, 2024 |
|
| Significant Change In Unrecognized Tax Benefits Is Reasonably Possible [Line Items] | ||||
| Income tax expense (benefit) rate | 4.40% | (11.70%) | ||
| Unrecognized tax benefits | $ 941 | $ 1,018 | $ 874 | $ 967 |
| Federal | ||||
| Significant Change In Unrecognized Tax Benefits Is Reasonably Possible [Line Items] | ||||
| Income tax examination, years open | 2021 | |||
| State or Local Taxing Jurisdiction | ||||
| Significant Change In Unrecognized Tax Benefits Is Reasonably Possible [Line Items] | ||||
| Income tax examination, years open | 2020 | |||
Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits (Detail) - USD ($) $ in Thousands |
6 Months Ended | |
|---|---|---|
Jul. 01, 2025 |
Jul. 02, 2024 |
|
| Income Tax Disclosure [Abstract] | ||
| Beginning gross unrecognized tax benefits | $ 874 | $ 967 |
| Increases for tax positions taken in the current year | 67 | 51 |
| Ending gross unrecognized tax benefits | $ 941 | $ 1,018 |
Shareholders' Equity - Additional Information (Detail) - USD ($) |
3 Months Ended | 6 Months Ended | |||
|---|---|---|---|---|---|
Jul. 01, 2025 |
Jul. 02, 2024 |
Jul. 01, 2025 |
Jul. 02, 2024 |
Jan. 21, 2021 |
|
| Share Repurchase Program [Line Items] | |||||
| Number of shares repurchased during the period | 842,000 | ||||
| Repurchased average price per share | $ 34.72 | ||||
| Shares repurchased, value | $ 15,131,000 | $ 8,835,000 | $ 29,230,000 | $ 8,835,000 | |
| Common stock remaining under the share repurchase plan | 56,700,000 | 56,700,000 | |||
| Current amount authorized under the share repurchase plan | 600,000,000 | 600,000,000 | |||
| Additional authorized amount | $ 50,000,000 | 50,000,000 | |||
| Cash dividends | $ 0 | ||||
| Common Stock | |||||
| Share Repurchase Program [Line Items] | |||||
| Number of shares repurchased during the period | 438,000 | 254,000 | 842,000 | 254,000 | |
| Shares repurchased, value | $ 8,874,000 | $ 990,000 | $ 14,460,000 | $ 9,681,000 | |
| Number of shares issuable on exercise of warrants | 876,949 | ||||
| Warrants exercise price, per share | $ 26.94 | ||||
| Date on which warrant expires | May 04, 2025 | ||||
| Term of warrants | 5 years | ||||
Related Party Transactions - Additional Information (Detail) - USD ($) |
6 Months Ended | 12 Months Ended | |||
|---|---|---|---|---|---|
Dec. 30, 2024 |
Jul. 01, 2025 |
Jul. 02, 2024 |
Jan. 03, 2023 |
Dec. 31, 2024 |
|
| Related Party Transaction [Line Items] | |||||
| Equity method investment | $ 4,041,000 | $ 4,266,000 | |||
| Loss related to investment | $ (225,000) | $ (293,000) | |||
| Other (Expense) Income, Net | |||||
| Related Party Transaction [Line Items] | |||||
| Warrant extension related expense | $ 4,600 | ||||
| Other Current Assets | Assets | |||||
| Related Party Transaction [Line Items] | |||||
| Equity method investment | $ 5,000,000 | ||||
| Purchasing Company of Assets | Maximum | |||||
| Related Party Transaction [Line Items] | |||||
| Equity method investment interest percentage | 20.00% | ||||
Segment Information - Additional Information (Detail) |
6 Months Ended |
|---|---|
|
Jul. 01, 2025
Segment
| |
| Segment Reporting [Abstract] | |
| Number of operating segments | 1 |
| Segment Reporting, CODM, Individual Title and Position or Group Name [Extensible Enumeration] | srt:ChiefExecutiveOfficerMember, srt:PresidentMember |
| Segment reporting, CODM, profit (loss) measure, how used, description | he assesses performance and decides how to allocate resources based on income (loss) from operations, which is also reported on our Consolidated Statements of Operations. |
| Segment reporting, expense information used by CODM, description | Our CODM uses net income to evaluate income generated from our segment assets and decides whether to reinvest profits into other parts of our business. |
Segment Information - Summary of Reported Segment Revenue and Expenses (Detail) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||||||
|---|---|---|---|---|---|---|---|---|
Jul. 01, 2025 |
Jul. 02, 2024 |
Jul. 01, 2025 |
Jul. 02, 2024 |
|||||
| Segment Reporting Information [Line Items] | ||||||||
| Revenues | $ 365,597 | $ 349,927 | $ 713,570 | $ 687,261 | ||||
| Less: | ||||||||
| Cost of sales | 90,803 | 89,836 | 177,623 | 174,789 | ||||
| Labor and benefits | 129,374 | 126,309 | 255,026 | 251,330 | ||||
| Occupancy and operating | 83,300 | 79,566 | 163,211 | 156,424 | ||||
| Depreciation and amortization | 18,736 | 18,163 | 37,013 | 36,036 | ||||
| Income from operations | 21,214 | 13,221 | 36,164 | 21,479 | ||||
| Interest expense, net | (1,272) | (1,259) | (2,502) | (2,670) | ||||
| Other expense (income), net | [1] | 3,761 | 2,772 | 3,700 | 3,468 | |||
| Income tax expense (benefit) | 1,495 | (2,423) | 1,662 | (2,603) | ||||
| Net income | 22,208 | 17,157 | 35,700 | 24,880 | ||||
| Operating Segment | ||||||||
| Segment Reporting Information [Line Items] | ||||||||
| Revenues | 365,597 | 349,927 | 713,570 | 687,261 | ||||
| Less: | ||||||||
| Cost of sales | 90,396 | 89,394 | 176,831 | 173,928 | ||||
| Labor and benefits | 126,322 | 123,539 | 249,493 | 246,333 | ||||
| Occupancy and operating | 86,759 | 82,778 | 169,536 | 162,282 | ||||
| Other segment items | [2] | 22,170 | 22,832 | 44,533 | 47,203 | |||
| Depreciation and amortization | 18,736 | 18,163 | 37,013 | 36,036 | ||||
| Income from operations | 21,214 | 13,221 | 36,164 | 21,479 | ||||
| Reconciliation to Net Income | ||||||||
| Less: | ||||||||
| Interest expense, net | 1,272 | 1,259 | 2,502 | 2,670 | ||||
| Other expense (income), net | (3,761) | (2,772) | (3,700) | (3,468) | ||||
| Income tax expense (benefit) | $ 1,495 | $ (2,423) | $ 1,662 | $ (2,603) | ||||
| ||||||||