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Unaudited Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 02, 2024
Jul. 04, 2023
Jul. 02, 2024
Jul. 04, 2023
Income Statement [Abstract]        
Revenues $ 349,927 $ 349,670 $ 687,261 $ 690,950
Restaurant operating costs (excluding depreciation and amortization):        
Cost of sales 89,836 90,614 174,789 181,491
Labor and benefits 126,309 126,522 251,330 254,855
Occupancy and operating 79,566 81,912 156,424 161,058
General and administrative 20,604 21,194 43,601 40,900
Depreciation and amortization 18,163 17,708 36,036 35,320
Restaurant opening 300 378 890 1,222
Loss on disposal and impairment of assets, net 1,928 1,130 2,712 3,276
Total costs and expenses 336,706 339,458 665,782 678,122
Income from operations 13,221 10,212 21,479 12,828
Other income (expense):        
Interest expense, net (1,259) (1,108) (2,670) (2,229)
Other income, net [1] 2,772 622 3,468 818
Total other income (expense) 1,513 (486) 798 (1,411)
Income before income taxes 14,734 9,726 22,277 11,417
Income tax benefit (2,423) (2,206) (2,603) (3,996)
Net income $ 17,157 $ 11,932 $ 24,880 $ 15,413
Net income per share:        
Basic $ 0.74 $ 0.51 $ 1.07 $ 0.66
Diluted $ 0.72 $ 0.5 $ 1.04 $ 0.64
Weighted average number of shares outstanding:        
Basic 23,309 23,539 23,313 23,510
Diluted 23,921 23,971 23,954 23,961
[1] For the thirteen weeks ended July 2, 2024 and July 4, 2023, related party costs included in other income, net was an equity method investment loss of $146,000 and $60,000, respectively. For the twenty-six weeks ended July 2, 2024 and July 4, 2023, related party costs included in other income, net was an equity method investment loss of $293,000 and $100,000, respectively See Note 10 for further information.