XML 14 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 26, 2019
Jun. 27, 2018
Jun. 26, 2019
Jun. 27, 2018
Revenue        
Total revenue $ 113,740 $ 111,633 $ 222,717 $ 217,389
Cost of operations        
Food and paper cost 27,886 28,681 55,038 55,916
Labor and related expenses 29,272 27,856 58,848 55,518
Occupancy and other operating expenses 23,032 22,913 46,259 44,832
Company restaurant expenses 80,190 79,450 160,145 156,266
General and administrative expenses 9,348 12,474 20,696 25,676
Franchise expenses 7,542 6,250 13,686 12,082
Depreciation and amortization 4,454 4,344 9,215 8,556
Loss (gain) on disposal of assets 134 (8) 178 53
Recovery of securities lawsuits related legal expenses (10,000) (2,429) (10,000) (4,063)
Asset impairment and closed-store reserves 565 3,963 874 6,782
Gain (Loss) on Disposition of Business 927 0 5,051 0
Total expenses 93,160 104,044 199,845 205,352
Income from operations 20,580 7,589 22,872 12,037
Interest expense, net 922 960 1,781 1,848
Income tax receivable agreement (income) expense (94) 712 77 (206)
Income before provision for income taxes 19,752 5,917 21,014 10,395
Provision for income taxes 5,665 865 6,014 2,814
Net income $ 14,087 $ 5,052 $ 15,000 $ 7,581
Net income per share        
Basic (usd per share) $ 0.37 $ 0.13 $ 0.39 $ 0.20
Diluted (usd per share) $ 0.37 $ 0.13 $ 0.38 $ 0.19
Weighted-average shares used in computing net income per share        
Basic (shares) 37,939,912 38,482,074 38,296,807 38,473,641
Diluted (shares) 38,580,722 39,043,434 39,043,477 39,015,259
Company-operated restaurant revenue        
Revenue        
Total revenue $ 100,139 $ 99,627 $ 197,289 $ 194,180
Franchise revenue        
Revenue        
Total revenue 7,918 6,553 14,362 12,659
Franchise advertising fee revenue        
Revenue        
Total revenue $ 5,683 $ 5,453 $ 11,066 $ 10,550