Subsequent Events |
9 Months Ended |
|---|---|
Sep. 24, 2017 | |
| Subsequent Events [Abstract] | |
| Subsequent Events |
Subsequent events
Subsequent to September 24, 2017, the Company opened two new restaurants for a total of 88 restaurants, in 19 states.
Subsequent to the end of the third quarter, the Company’s Board of Directors approved a share repurchase program under which it authorized the Company, at its discretion, to repurchase up to $30 million of its common shares outstanding through December 31, 2019. Repurchases of the Company’s outstanding common stock will be made in accordance with applicable securities laws and may be made at management’s discretion from time to time in the open market, through privately negotiated transactions or otherwise, including pursuant to Rule 10b5-1 trading plans. There is no guarantee as to the exact number of shares to be repurchased by the Company. The timing and extent of repurchases will depend upon several factors, including market and business conditions, regulatory requirements and other corporate considerations, and repurchases may be discontinued at any time.
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