XML 16 R3.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 19, 2022
Jun. 20, 2021
Jun. 19, 2022
Jun. 20, 2021
Revenues:        
Revenue $ 1,065,182 $ 1,032,472 $ 2,076,331 $ 2,016,170
Cost of sales:        
Cost of sales 678,917 624,782 1,321,442 1,219,329
Operating margin 386,265 407,690 754,889 796,841
General and administrative 97,070 100,448 194,564 191,701
U.S. franchise advertising 111,081 116,340 217,670 227,700
Income from operations 178,114 190,902 342,655 377,440
Other Income 0 0 0 2,500
Interest income 219 68 268 90
Interest expense (44,851) (45,877) (91,723) (85,299)
Income before provision for income taxes 133,482 145,093 251,200 294,731
Provision for income taxes 30,989 28,474 57,743 60,351
Net income $ 102,493 $ 116,619 $ 193,457 $ 234,380
Earnings per share:        
Common stock - basic $ 2.85 $ 3.10 $ 5.38 $ 6.14
Common stock - diluted $ 2.82 $ 3.06 $ 5.32 $ 6.06
U.S. Stores [Member] | U.S. Company-owned stores [Member]        
Revenues:        
Revenue $ 112,502 $ 116,589 $ 216,397 $ 229,333
Cost of sales:        
Cost of sales 94,065 88,019 181,440 173,761
U.S. Stores [Member] | U.S. franchise stores [Member]        
Revenues:        
Revenue 128,098 126,836 250,383 251,322
U.S. Stores [Member] | U.S. franchise advertising [Member]        
Revenues:        
Revenue 111,081 116,340 217,670 227,700
Supply Chain [Member] | Supply Chain Center [Member]        
Revenues:        
Revenue 646,586 602,962 1,256,133 1,171,300
Cost of sales:        
Cost of sales 584,852 536,763 1,140,002 1,045,568
International Franchise [Member] | International franchise royalties and fees [Member]        
Revenues:        
Revenue $ 66,915 $ 69,745 $ 135,748 $ 136,515