XML 16 R4.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 27, 2019
Mar. 28, 2018
Revenue    
Total revenue $ 108,977 $ 105,756
Cost of operations    
Food and paper cost 27,152 27,235
Labor and related expenses 29,576 27,662
Occupancy and other operating expenses 23,227 21,919
Company restaurant expenses 79,955 76,816
General and administrative expenses 11,348 13,202
Franchise expenses 6,144 5,832
Depreciation and amortization 4,761 4,212
Loss on disposal of assets 44 61
Loss on assets held for sale 4,124 0
Recovery of securities lawsuits related legal expenses 0 (1,634)
Asset impairment and closed-store reserves 309 2,819
Total expenses 106,685 101,308
Income from operations 2,292 4,448
Interest expense, net of interest income of $9 and $8 for the quarters ended March 27, 2019 and March 28, 2018, respectively. 859 888
Income tax receivable agreement expense (income) 171 (918)
Income before provision for income taxes 1,262 4,478
Provision for income taxes 349 1,949
Net income $ 913 $ 2,529
Net income per share    
Basic (usd per share) $ 0.02 $ 0.07
Diluted (usd per share) $ 0.02 $ 0.06
Weighted-average shares used in computing net income per share    
Basic (shares) 38,653,702 38,465,208
Diluted (shares) 39,496,436 38,987,351
Company-operated restaurant revenue    
Revenue    
Total revenue $ 97,150 $ 94,553
Franchise revenue    
Revenue    
Total revenue 6,444 6,106
Franchise advertising fee revenue    
Revenue    
Total revenue $ 5,383 $ 5,097