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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 25, 2024
Jun. 27, 2023
Jun. 25, 2024
Jun. 27, 2023
Revenue:        
Total revenue $ 1,341,202 $ 1,171,203 $ 2,662,419 $ 2,345,559
Restaurant operating costs (excluding depreciation and amortization shown separately below):        
Food and beverage 436,001 401,204 881,092 811,915
Labor 438,212 391,337 865,759 777,156
Rent 19,956 17,996 39,381 35,824
Other operating 196,862 171,092 390,504 338,621
Pre-opening 6,202 5,671 14,297 11,048
Depreciation and amortization 42,915 37,413 84,408 73,640
Impairment and closure, net 90 78 291 133
General and administrative 58,148 51,000 110,743 100,865
Total costs and expenses 1,198,386 1,075,791 2,386,475 2,149,202
Income from operations 142,816 95,412 275,944 196,357
Interest income, net 1,683 996 3,091 2,234
Equity income from investments in unconsolidated affiliates 286 287 543 1,042
Income before taxes 144,785 96,695 279,578 199,633
Income tax expense 21,710 12,270 40,513 26,604
Net income including noncontrolling interests 123,075 84,425 239,065 173,029
Less: Net income attributable to noncontrolling interests 2,934 2,154 5,718 4,371
Net income attributable to Texas Roadhouse, Inc. and subsidiaries $ 120,141 $ 82,271 $ 233,347 $ 168,658
Net income per common share attributable to Texas Roadhouse, Inc. and subsidiaries:        
Basic $ 1.80 $ 1.23 $ 3.49 $ 2.52
Diluted $ 1.79 $ 1.22 $ 3.48 $ 2.51
Weighted average shares outstanding:        
Basic 66,785 66,974 66,814 66,995
Diluted 67,044 67,229 67,077 67,261
Cash dividends declared per share $ 0.61 $ 0.55 $ 1.22 $ 1.10
Restaurant and other sales        
Revenue:        
Total revenue $ 1,333,642 $ 1,164,385 $ 2,647,794 $ 2,331,968
Franchise royalties and fees        
Revenue:        
Total revenue $ 7,560 $ 6,818 $ 14,625 $ 13,591