XML 25 R4.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 8 Months Ended
Sep. 10, 2019
Sep. 11, 2018
Sep. 10, 2019
Sep. 11, 2018
Revenue:        
Total revenue $ 120,198 $ 117,830 $ 355,855 $ 348,197
Restaurant operating expenses:        
Food and paper costs 30,761 29,601 90,434 88,656
Labor and related expenses 36,304 35,301 108,542 105,541
Occupancy and other operating expenses 25,386 22,844 73,522 67,457
General and administrative 10,421 9,606 31,735 30,356
Franchise advertising expenses 3,458 3,155 10,048 9,227
Depreciation and amortization 5,941 5,855 17,661 17,616
Occupancy and other - franchise subleases and other 1,011 762 2,858 2,051
Pre-opening costs 465 259 720 900
Impairment of long-lived assets 1,407 0 5,101 1,661
Restaurant closure charges, net 588 672 1,718 635
Loss on disposal of assets and adjustments to assets held for sale, net 7,906 580 8,790 760
Total operating expenses 123,648 108,635 351,129 324,860
(Loss) income from operations (3,450) 9,195 4,726 23,337
Other expense (income), net        
Interest expense 1,663 2,062 5,169 5,984
Other income 0 (523) (201) (523)
Total other expense, net 1,663 1,539 4,968 5,461
(Loss) income from operations before provision for income taxes (5,113) 7,656 (242) 17,876
Provision for income taxes 2,556 1,782 3,910 4,563
Net (loss) income (7,669) 5,874 (4,152) 13,313
Other comprehensive (loss) income:        
Change in fair value of interest rate cap, net of tax (75) 23 (345) 312
Reclassification of interest rate cap amortization included in net income 32 15 79 31
Total other comprehensive (loss) income, net (43) 38 (266) 343
Comprehensive (loss) income $ (7,712) $ 5,912 $ (4,418) $ 13,656
Earnings (loss) per share:        
Basic (in dollars per share) $ (0.21) $ 0.15 $ (0.11) $ 0.35
Diluted (in dollars per share) $ (0.21) $ 0.15 $ (0.11) $ 0.34
Weighted-average shares outstanding        
Basic (in shares) 37,023,287 38,191,335 37,000,331 38,310,842
Diluted (in shares) 37,023,287 39,391,284 37,000,331 39,108,573
Company restaurant sales        
Revenue:        
Revenue $ 111,059 $ 109,559 $ 329,142 $ 324,468
Franchise revenue        
Revenue:        
Revenue 4,490 4,308 13,193 12,249
Franchise advertising contributions        
Revenue:        
Revenue 3,458 3,155 10,048 9,227
Franchise sublease and other income        
Revenue:        
Revenue $ 1,191 $ 808 $ 3,472 $ 2,253