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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 27, 2018
Jun. 28, 2017
Jun. 27, 2018
Jun. 28, 2017
Revenue        
Total revenue $ 111,633 $ 105,573 $ 217,389 $ 205,344
Cost of operations        
Food and paper cost 28,681 29,146 55,916 56,218
Labor and related expenses 27,856 26,592 55,518 53,425
Occupancy and other operating expenses 22,913 21,574 44,832 42,116
Company restaurant expenses 79,450 77,312 156,266 151,759
General and administrative expenses 12,474 9,576 25,676 19,309
Franchise expenses 6,250 1,006 12,082 1,823
Depreciation and amortization 4,344 4,632 8,556 8,949
(Gain) loss on disposal of assets (8) 434 53 659
Recovery of securities lawsuits related legal expenses (2,429) (511) (4,063) (511)
Asset impairment and closed-store reserves 3,963 384 6,782 1,255
Total expenses 104,044 92,833 205,352 183,243
Income from operations 7,589 12,740 12,037 22,101
Interest expense, net of interest income of $7 and $6 for the quarters ended June 27, 2018 and June 28, 2017, respectively, and $15 and $11 for year-to-date ended June 27, 2018 and June 28, 2017, respectively. 960 778 1,848 1,568
Income tax receivable agreement expense (income) 712 (101) (206) 126
Income before provision for income taxes 5,917 12,063 10,395 20,407
Provision for income taxes 865 4,244 2,814 7,711
Net income $ 5,052 $ 7,819 $ 7,581 $ 12,696
Net income per share        
Basic (usd per share) $ 0.13 $ 0.20 $ 0.20 $ 0.33
Diluted (usd per share) $ 0.13 $ 0.20 $ 0.19 $ 0.32
Weighted-average shares used in computing net income per share        
Basic (shares) 38,482,074 38,449,240 38,473,641 38,443,130
Diluted (shares) 39,043,434 39,123,961 39,015,259 39,102,501
Company-operated restaurant revenue        
Revenue        
Total revenue $ 99,627 $ 98,885 $ 194,180 $ 192,334
Franchise revenue        
Revenue        
Total revenue 6,553 6,688 12,659 13,010
Franchise advertising fee revenue        
Revenue        
Total revenue $ 5,453 $ 0 $ 10,550 $ 0