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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 26, 2018
Sep. 27, 2017
Sep. 26, 2018
Sep. 27, 2017
Revenue        
Total revenue $ 112,178 $ 101,155 $ 329,567 $ 306,499
Cost of operations        
Food and paper cost 28,349 27,851 84,265 84,069
Labor and related expenses 29,164 27,514 84,682 80,939
Occupancy and other operating expenses 24,187 22,242 69,019 64,358
Company restaurant expenses 81,700 77,607 237,966 229,366
General and administrative expenses 12,186 8,285 37,862 27,594
Franchise expenses 6,342 709 18,424 2,532
Depreciation and amortization 4,507 4,697 13,063 13,646
Loss on disposal of assets 140 65 193 724
Recovery of securities lawsuits related legal expenses (2,036) (634) (6,099) (1,145)
Asset impairment and closed-store reserves (153) 16,038 6,629 17,293
Total expenses 102,686 106,767 308,038 290,010
Income (loss) from operations 9,492 (5,612) 21,529 16,489
Interest expense, net of interest income of $14 and $6 for the quarters ended September 26, 2018 and September 27, 2017, respectively, and $29 and $17 for year-to-date ended September 26, 2018 and September 27, 2017, respectively. 840 903 2,688 2,471
Income tax receivable agreement (income) expense (571) (19) (777) 107
Income (loss) before provision (benefit) for income taxes 9,223 (6,496) 19,618 13,911
Provision (benefit) for income taxes 2,388 (2,457) 5,202 5,254
Net income (loss) $ 6,835 $ (4,039) $ 14,416 $ 8,657
Net income (loss) per share        
Basic (usd per share) $ 0.18 $ (0.11) $ 0.37 $ 0.23
Diluted (usd per share) $ 0.17 $ (0.11) $ 0.37 $ 0.22
Weighted-average shares used in computing net income per share        
Basic (shares) 38,602,658 38,462,100 38,516,792 38,449,453
Diluted (shares) 39,205,090 38,462,100 39,102,130 39,101,214
Company-operated restaurant revenue        
Revenue        
Total revenue $ 100,024 $ 94,982 $ 294,204 $ 287,316
Franchise revenue        
Revenue        
Total revenue 6,665 6,173 19,324 19,183
Franchise advertising fee revenue        
Revenue        
Total revenue $ 5,489 $ 0 $ 16,039 $ 0