Company: RRGB
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-051046
Chunk: 44

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 8
Chunk 44
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 2025.During the year to date period of fiscal 2025, the Company issued 477,212 phantom award units under its 2024 Performance Incentive Plan Phantom Unit Award Agreement, valued at $8.40 per award. The phantom award units are liability-classified awards and are included within Other non-current liabilities on the Company's Condensed Consolidated Balance Sheets.   Our current, prior, and upcoming fiscal year periods, period end dates, and number of weeks included in each period are summarized in the table below:PeriodsPeriod End DateNumber of Weeks in PeriodCurrent, Prior and Upcoming Fiscal Quarters:First Quarter 2025April 20, 202516First Quarter 2024April 21, 202416Second Quarter 2025July 13, 202512Second Quarter 2024July 14, 202412Third Quarter 2025October 5, 202512Third Quarter 2024October 6, 202412Current and Prior Fiscal Years:Fiscal Year 2025December 28, 202552Fiscal Year 2024December 29, 202452Upcoming fiscal year:Fiscal Year 2026December 27, 202652

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Table of Contents

 ReclassificationsCertain amounts presented have been reclassified to conform with the current period presentation. The reclassifications had no effect on the Company’s consolidated results. We made adjustments to the Condensed Consolidated Statements of Cash Flows to include income tax receivable within accounts receivable and other, net, to net borrowings with repayments on revolving credit facilities, to separately disclose repayments of insurance premium financing, and to include net proceeds from sale-leaseback within net proceeds from sale of property, equipment, and other. We have also revised the presentation of operating expenses in the Condensed Consolidated Statements of Operations to separately disclose Selling expenses and General and administrative expenses. Previously, these amounts were presented on a combined basis as Selling, general and administrative expenses. Additionally, we have made adjustments to the presentation of the components of Other charges (gains), net, found in Note 5 to align with current period presentation.Recently Issued and Recently Adopted Accounting StandardsIn September 2025, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40) to introduce a principles-based framework for capital