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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 29, 2022
Jun. 30, 2021
Jun. 29, 2022
Jun. 30, 2021
Revenue        
Total revenue $ 124,111 $ 121,985 $ 234,159 $ 229,706
Cost of operations        
Food and paper cost 31,691 27,882 59,423 52,273
Labor and related expenses 33,015 31,526 65,687 62,258
Occupancy and other operating expenses 25,832 25,336 49,677 49,180
Company restaurant expenses 90,538 84,744 174,787 163,711
General and administrative expenses 9,679 10,523 19,633 20,997
Franchise expenses 9,557 8,161 18,288 15,912
Depreciation and amortization 3,618 3,917 7,215 7,855
Loss on disposal of assets 42 85 108 111
Loss on assets held for sale   1,524   1,524
Impairment and closed-store reserves 248 360 379 924
Total expenses 113,682 109,314 220,410 211,034
Income from operations 10,429 12,671 13,749 18,672
Interest expense, net 419 433 849 950
Income tax receivable agreement income (186) 27 (316) (50)
Income before provision for income taxes 10,196 12,211 13,216 17,772
Provision for income taxes 3,055 3,393 3,960 4,990
Net income $ 7,141 $ 8,818 $ 9,256 $ 12,782
Net income per share        
Basic (usd per share) $ 0.20 $ 0.25 $ 0.26 $ 0.36
Diluted (usd per share) $ 0.20 $ 0.24 $ 0.25 $ 0.35
Weighted-average shares used in computing net income per share        
Basic (shares) 36,331,099 35,927,781 36,278,423 35,861,493
Diluted (shares) 36,473,960 36,416,686 36,478,808 36,423,394
Company-operated restaurant revenue        
Revenue        
Total revenue $ 106,454 $ 106,970 $ 200,411 $ 201,131
Franchise revenue        
Revenue        
Total revenue 10,064 8,389 19,319 16,001
Franchise advertising fee revenue        
Revenue        
Total revenue $ 7,593 $ 6,626 $ 14,429 $ 12,574