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Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 28, 2022
Jun. 29, 2021
Jun. 28, 2022
Jun. 29, 2021
Revenue:        
Total revenue $ 1,024,606 $ 898,788 $ 2,012,092 $ 1,699,417
Restaurant operating costs (excluding depreciation and amortization shown separately below):        
Food and beverage 347,041 295,504 684,437 546,986
Labor 333,042 288,147 654,913 546,183
Rent 16,714 14,956 33,082 29,408
Other operating 152,524 135,606 296,678 258,985
Pre-opening 5,323 6,319 9,614 10,587
Depreciation and amortization 34,420 31,650 68,040 62,519
Impairment and closure, net 411 17 (235) 521
General and administrative 49,213 36,861 89,507 73,573
Total costs and expenses 938,688 809,060 1,836,036 1,528,762
Income from operations 85,918 89,728 176,056 170,655
Interest expense, net 395 975 792 2,435
Equity income from investments in unconsolidated affiliates 545 239 879 22
Income before taxes 86,068 88,992 176,143 168,242
Income tax expense 11,531 11,067 24,278 23,887
Net income including noncontrolling interests 74,537 77,925 151,865 144,355
Less: Net income attributable to noncontrolling interests 2,118 2,445 4,244 4,725
Net income attributable to Texas Roadhouse, Inc. and subsidiaries 72,419 75,480 147,621 139,630
Other comprehensive income, net of tax:        
Foreign currency translation adjustment, net of tax of $-, ($7), $- and ($3), respectively   22   10
Total comprehensive income $ 72,419 $ 75,502 $ 147,621 $ 139,640
Net income per common share attributable to Texas Roadhouse, Inc. and subsidiaries:        
Basic $ 1.07 $ 1.08 $ 2.16 $ 2.00
Diluted $ 1.07 $ 1.08 $ 2.15 $ 1.99
Weighted average shares outstanding:        
Basic 67,654 69,790 68,370 69,713
Diluted 67,890 70,161 68,631 70,150
Cash dividends declared per share $ 0.46 $ 0.40 $ 0.92 $ 0.40
Restaurant and other sales        
Revenue:        
Total revenue $ 1,018,057 $ 892,444 $ 1,999,029 $ 1,687,367
Franchise royalties and fees        
Revenue:        
Total revenue $ 6,549 $ 6,344 $ 13,063 $ 12,050