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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 25, 2020
Revenue    
Total revenue $ 107,721 $ 105,163
Cost of operations    
Food and paper cost 24,391 25,562
Labor and related expenses 30,732 28,693
Occupancy and other operating expenses 23,844 22,109
Company restaurant expenses 78,967 76,364
General and administrative expenses 10,474 9,331
Franchise expenses 7,751 6,911
Depreciation and amortization 3,938 4,369
Loss on disposal of assets 26 100
Impairment and closed-store reserves 564 2,402
Total expenses 101,720 99,477
Income from operations 6,001 5,686
Interest expense, net 517 905
Income tax receivable agreement income (77) (120)
Income before provision for income taxes 5,561 4,901
Provision for income taxes 1,597 1,301
Net income $ 3,964 $ 3,600
Net income per share    
Basic (usd per share) $ 0.11 $ 0.10
Diluted (usd per share) $ 0.11 $ 0.10
Weighted-average shares used in computing net income per share    
Basic (shares) 35,795,205 34,659,160
Diluted (shares) 36,424,068 35,347,456
Company-operated restaurant revenue    
Revenue    
Total revenue $ 94,161 $ 92,634
Franchise revenue    
Revenue    
Total revenue 7,612 7,062
Franchise advertising fee revenue    
Revenue    
Total revenue $ 5,948 $ 5,467