XML 91 R77.htm IDEA: XBRL DOCUMENT v3.22.0.1
Business Segment Information - Reconciliation of Consolidated Net Income (Loss) to Adjusted EBITDA (Details) - USD ($)
$ in Thousands
12 Months Ended
Jan. 02, 2022
Jan. 03, 2021
Dec. 29, 2019
Segment Reporting Information [Line Items]      
Net income (loss) $ 10,370 $ (10,211) $ (84,386)
Loss (income) from discontinued operations, net of tax (18,455) 6,825 82,391
Provision for (benefit from) income taxes 1,083 (7,044) 11,830
Income (loss) before income taxes (7,002) (10,430) 9,835
Non-general and administrative adjustments:      
Depreciation and amortization 20,600 22,000 22,200
Impairment and other lease charges 1,670 9,139 13,101
Goodwill impairment 0 0 67,909
Loss on extinguishment of debt 5,307 1,241 0
Continuing Operations      
Segment Reporting Information [Line Items]      
Net income (loss) 10,370 (10,211) (84,386)
Loss (income) from discontinued operations, net of tax (18,455) (6,825) (82,391)
Provision for (benefit from) income taxes 1,083 (7,044) 11,830
Income (loss) before income taxes (7,002) (10,430) 9,835
Non-general and administrative adjustments:      
Depreciation and amortization 20,574 22,009 22,186
Impairment and other lease charges 1,538 8,023 15
Interest expense 374 292 325
Closed restaurant rent expense, net of sublease income 2,999 4,331 3,260
Other expense (income), net 478 (2,098) 862
Stock-based compensation expense 4,200 2,800 2,400
Total non-general and administrative adjustments 26,016 32,630 26,718
General and administrative adjustments:      
Stock-based compensation expense 4,200 2,800 2,400
Restructuring costs and retention bonuses 18 686 891
Digital and brand repositioning costs 1,821 424 207
Transaction costs 0    
Total general and administrative adjustments 6,002 3,791 3,418
Adjusted EBITDA 25,016 25,991 39,971
Restaurant Wages And Related Expenses | Continuing Operations      
Non-general and administrative adjustments:      
Stock-based compensation expense 53 73 70
General and administrative adjustments:      
Stock-based compensation expense 53 73 70
General and Administrative Expense | Continuing Operations      
Non-general and administrative adjustments:      
Stock-based compensation expense 4,163 2,681 2,320
General and administrative adjustments:      
Stock-based compensation expense 4,163 2,681 2,320
Pollo Tropical      
Non-general and administrative adjustments:      
Goodwill impairment 0 0 0
Operating Segments      
Non-general and administrative adjustments:      
Impairment and other lease charges 1,538 8,023 15
Operating Segments | Pollo Tropical | Continuing Operations      
Segment Reporting Information [Line Items]      
Income (loss) before income taxes 5,261 2,557 20,300
Non-general and administrative adjustments:      
Depreciation and amortization 19,962 21,112 21,476
Impairment and other lease charges 1,570 8,023 15
Interest expense 2,532 2,405 1,953
Closed restaurant rent expense, net of sublease income 1,946 2,093 3,260
Other expense (income), net 362 (2,373) 862
Total non-general and administrative adjustments 26,425 31,333 27,636
General and administrative adjustments:      
Restructuring costs and retention bonuses 78 551 827
Digital and brand repositioning costs 1,821 424 207
Transaction costs 677    
Total general and administrative adjustments 5,116 2,627 2,624
Adjusted EBITDA 36,802 36,517 50,560
Operating Segments | Pollo Tropical | Restaurant Wages And Related Expenses | Continuing Operations      
Non-general and administrative adjustments:      
Stock-based compensation expense 53 73 70
General and administrative adjustments:      
Stock-based compensation expense 53 73 70
Operating Segments | Pollo Tropical | General and Administrative Expense | Continuing Operations      
Non-general and administrative adjustments:      
Stock-based compensation expense 2,540 1,652 1,590
General and administrative adjustments:      
Stock-based compensation expense 2,540 1,652 1,590
Other | Continuing Operations      
Segment Reporting Information [Line Items]      
Income (loss) before income taxes (12,263) (12,987) (10,465)
Non-general and administrative adjustments:      
Depreciation and amortization 612 897 710
Impairment and other lease charges (32) 0 0
Interest expense (2,158) (2,113) (1,628)
Closed restaurant rent expense, net of sublease income 1,053 2,238 0
Other expense (income), net 116 275 0
Total non-general and administrative adjustments (409) 1,297 (918)
General and administrative adjustments:      
Restructuring costs and retention bonuses (60) 135 64
Digital and brand repositioning costs 0 0 0
Transaction costs (677)    
Total general and administrative adjustments 886 1,164 794
Adjusted EBITDA (11,786) (10,526) (10,589)
Other | Restaurant Wages And Related Expenses | Continuing Operations      
Non-general and administrative adjustments:      
Stock-based compensation expense 0 0 0
General and administrative adjustments:      
Stock-based compensation expense 0 0 0
Other | General and Administrative Expense | Continuing Operations      
Non-general and administrative adjustments:      
Stock-based compensation expense 1,623 1,029 730
General and administrative adjustments:      
Stock-based compensation expense $ 1,623 $ 1,029 $ 730