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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 28, 2023
Jun. 29, 2022
Jun. 28, 2023
Jun. 29, 2022
Revenue        
Total revenue $ 121,492 $ 124,111 $ 236,018 $ 234,159
Cost of operations        
Food and paper cost 28,474 31,691 55,376 59,423
Labor and related expenses 32,277 33,015 63,818 65,687
Occupancy and other operating expenses 25,576 25,832 50,462 49,677
Gain on recovery of insurance proceeds, lost profits, net     (151)  
Company restaurant expenses 86,327 90,538 169,505 174,787
General and administrative expenses 11,108 9,679 22,307 19,633
Franchise expenses 9,492 9,557 18,524 18,288
Depreciation and amortization 3,694 3,618 7,331 7,215
(Gain) loss on disposal of assets (80) 42 (50) 108
Gain on recovery of insurance proceeds, property, equipment and expenses     (242)  
Gain on disposition of restaurants 25   (111)  
Impairment and closed-store reserves 38 248 115 379
Total expenses 110,604 113,682 217,379 220,410
Income from operations 10,888 10,429 18,639 13,749
Interest expense, net 976 419 1,980 849
Income tax receivable agreement expense (income) 121 (186) (1) (316)
Income before provision for income taxes 9,791 10,196 16,660 13,216
Provision for income taxes 2,735 3,055 4,686 3,960
Net income $ 7,056 $ 7,141 $ 11,974 $ 9,256
Net income per share        
Basic (usd per share) $ 0.20 $ 0.20 $ 0.33 $ 0.26
Diluted (usd per share) $ 0.20 $ 0.20 $ 0.33 $ 0.25
Weighted-average shares used in computing net income per share        
Basic (shares) 35,433,414 36,331,099 35,833,759 36,278,423
Diluted (shares) 35,534,104 36,473,960 36,018,288 36,478,808
Company-operated restaurant revenue        
Revenue        
Total revenue $ 103,901 $ 106,454 $ 201,774 $ 200,411
Franchise revenue        
Revenue        
Total revenue 10,119 10,064 19,791 19,319
Franchise advertising fee revenue        
Revenue        
Total revenue $ 7,472 $ 7,593 $ 14,453 $ 14,429