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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 28, 2022
Sep. 29, 2021
Sep. 28, 2022
Sep. 29, 2021
Revenue        
Total revenue $ 119,878 $ 115,700 $ 354,037 $ 345,406
Cost of operations        
Food and paper cost 30,163 26,698 89,586 78,971
Labor and related expenses 33,279 27,802 98,966 90,060
Occupancy and other operating expenses 26,920 25,108 76,597 74,288
Company restaurant expenses 90,362 79,608 265,149 243,319
General and administrative expenses 9,855 9,357 29,488 30,354
Franchise expenses 9,027 8,545 27,315 24,457
Depreciation and amortization 3,530 3,685 10,745 11,540
Loss on disposal of assets 21 83 129 194
Loss on disposition of restaurants   10   1,534
Impairment and closed-store reserves 219 167 598 1,091
Total expenses 113,014 101,455 333,424 312,489
Income from operations 6,864 14,245 20,613 32,917
Interest expense, net 108 449 957 1,399
Income tax receivable agreement income (29) (19) (345) (69)
Income before provision for income taxes 6,785 13,815 20,001 31,587
Provision for income taxes 1,776 3,654 5,736 8,644
Net income $ 5,009 $ 10,161 $ 14,265 $ 22,943
Net income per share        
Basic (usd per share) $ 0.14 $ 0.28 $ 0.39 $ 0.64
Diluted (usd per share) $ 0.14 $ 0.28 $ 0.39 $ 0.63
Weighted-average shares used in computing net income per share        
Basic (shares) 36,402,899 36,067,754 36,329,938 35,930,246
Diluted (shares) 36,507,050 36,525,424 36,491,624 36,457,110
Company-operated restaurant revenue        
Revenue        
Total revenue $ 103,174 $ 99,986 $ 303,585 $ 301,117
Franchise revenue        
Revenue        
Total revenue 9,543 8,918 28,862 24,919
Franchise advertising fee revenue        
Revenue        
Total revenue $ 7,161 $ 6,796 $ 21,590 $ 19,370