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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 24, 2020
Jun. 26, 2019
Jun. 24, 2020
Jun. 26, 2019
Revenue        
Total revenue $ 99,604 $ 113,740 $ 204,767 $ 222,717
Cost of operations        
Food and paper cost 22,873 27,886 48,435 55,038
Labor and related expenses 25,759 29,272 54,452 58,848
Occupancy and other operating expenses 21,922 23,032 44,031 46,259
Company restaurant expenses 70,554 80,190 146,918 160,145
General and administrative expenses 10,465 9,348 19,796 20,696
Franchise expenses 6,627 7,542 13,538 13,686
Depreciation and amortization 4,168 4,454 8,537 9,215
Loss on disposal of assets 27 134 127 178
Recovery of securities lawsuits related legal expenses and other insurance claims (123) (10,000) (123) (10,000)
Impairment and closed-store reserves 437 565 2,839 874
Loss on disposition of restaurants   927   5,051
Total expenses 92,155 93,160 191,632 199,845
Income from operations 7,449 20,580 13,135 22,872
Interest expense, net 908 922 1,813 1,781
Income tax receivable agreement expense (income) 290 (94) 170 77
Income before provision for income taxes 6,251 19,752 11,152 21,014
Provision for income taxes 752 5,665 2,053 6,014
Net income $ 5,499 $ 14,087 $ 9,099 $ 15,000
Net income per share        
Basic (usd per share) $ 0.16 $ 0.37 $ 0.26 $ 0.39
Diluted (usd per share) $ 0.16 $ 0.37 $ 0.26 $ 0.38
Weighted-average shares used in computing net income per share        
Basic (shares) 34,836,410 37,939,912 34,747,785 38,296,807
Diluted (shares) 35,410,198 38,580,722 35,382,607 39,043,477
Company-operated restaurant revenue        
Revenue        
Total revenue $ 87,707 $ 100,139 $ 180,341 $ 197,289
Franchise revenue        
Revenue        
Total revenue 6,719 7,918 13,781 14,362
Franchise advertising fee revenue        
Revenue        
Total revenue $ 5,178 $ 5,683 $ 10,645 $ 11,066