Note 1 - The Company, Organization and Description of Business
|12 Months Ended|
Dec. 25, 2016
|Notes to Financial Statements|
|Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]||
(1)The Company, Organization and Description of Business
Ruth’s Hospitality Group, Inc. and its subsidiaries (the Company) operate Ruth’s Chris Steak House restaurants and sell franchise rights to Ruth’s Chris Steak House franchisees giving the franchisees the exclusive right to operate similar restaurants in a particular area designated in the franchise agreement.
150Ruth’s Chris Steak House restaurants, of which
81were franchisee-owned, and
onelocation was operating under a management agreement. All Company-owned restaurants are located in the United States. The franchisee-owned restaurants include
20international restaurants in Aruba, Canada, China (Hong Kong and Shanghai), Indonesia, Japan, Mexico, Panama, Singapore, Taiwan and the United Arab Emirates.
Twonew Company-owned Ruth’s Chris Steak House restaurants opened during
2016,in Albuquerque, NM and El Paso, TX. Franchisees opened
twonew restaurants during
2016,in Jakarta, Indonesia and Greenville, SC. During the Company’s fiscal year
2016,the franchisee-owned Ruth’s Chris Steak House restaurant in San Salvador, El Salvador and the Company-owned Ruth’s Chris Steak House restaurant in Columbus, OH were closed. Subsequent to the Company’s fiscal year
2016,the Company opened
oneCompany-owned restaurant in Waltham, MA and
onerestaurant operating under a contractual agreement in Tulsa, OK.
2014,the Company also operated
eighteenMitchell’s Fish Markets and
threeMitchell’s/Cameron’s Steakhouse restaurants (collectively, the Mitchell’s Restaurants), located primarily in the Midwest and Florida. On
2015,the Company sold the Mitchell’s Restaurants to a
thirdparty. For financial reporting purposes, the Mitchell’s Restaurants are classified as a discontinued operation for all periods presented. See Notes
5for additional information regarding the Mitchell’s Restaurants and the sale.
The following table summarizes the changes in the number of Company-owned Ruth’s Chris Steak House restaurants and franchisee-owned restaurants during the
The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.
Reference 1: http://www.xbrl.org/2003/role/presentationRef