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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 28, 2018
Mar. 29, 2017
Revenue    
Company-operated restaurant revenue $ 94,553 $ 93,449
Franchise revenue 6,106 6,322
Franchise advertising fee revenue 5,097 0
Total revenue 105,756 99,771
Cost of operations    
Food and paper cost 27,235 27,072
Labor and related expenses 27,662 26,833
Occupancy and other operating expenses 21,919 20,542
Company restaurant expenses 76,816 74,447
General and administrative expenses 13,202 9,733
Franchise expenses 5,832 817
Depreciation and amortization 4,212 4,317
Loss on disposal of assets 61 225
Recovery of securities lawsuits related legal expenses (1,634) 0
Asset impairment and closed-store reserves 2,819 871
Total expenses 101,308 90,410
Income from operations 4,448 9,361
Interest expense, net of interest income of $8 and $5 for the quarters ended March 28, 2018 and March 29, 2017, respectively. 888 790
Income tax receivable agreement (income) expense (918) 227
Income before provision for income taxes 4,478 8,344
Provision for income taxes 1,949 3,467
Net income $ 2,529 $ 4,877
Net income per share    
Basic (usd per share) $ 0.07 $ 0.13
Diluted (usd per share) $ 0.06 $ 0.12
Weighted-average shares used in computing net income per share    
Basic (shares) 38,465,208 38,437,020
Diluted (shares) 38,987,351 39,079,007