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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 27, 2023
Sep. 28, 2022
Sep. 27, 2023
Sep. 28, 2022
Revenue        
Total revenue $ 120,399 $ 119,878 $ 356,417 $ 354,037
Cost of operations        
Food and paper cost 27,552 30,163 82,928 89,586
Labor and related expenses 33,092 33,279 96,910 98,966
Occupancy and other operating expenses 27,289 26,920 77,751 76,597
Gain on recovery of insurance proceeds, lost profits, net     (151)  
Company restaurant expenses 87,933 90,362 257,438 265,149
General and administrative expenses 9,144 9,855 31,451 29,488
Franchise expenses 9,583 9,027 28,107 27,315
Depreciation and amortization 3,946 3,530 11,277 10,745
Loss (gain) on disposal of assets 16 21 (34) 129
Gain on recovery of insurance proceeds, property, equipment and expenses     (242)  
Gain on disposition of restaurants (4,923)   (5,034)  
Impairment and closed-store reserves 1,008 219 1,123 598
Total expenses 106,707 113,014 324,086 333,424
Income from operations 13,692 6,864 32,331 20,613
Interest expense, net 1,382 108 3,362 957
Income tax receivable agreement expense (income) 106 (29) 105 (345)
Income before provision for income taxes 12,204 6,785 28,864 20,001
Provision for income taxes 2,975 1,776 7,661 5,736
Net income $ 9,229 $ 5,009 $ 21,203 $ 14,265
Net income per share        
Basic (usd per share) $ 0.28 $ 0.14 $ 0.61 $ 0.39
Diluted (usd per share) $ 0.28 $ 0.14 $ 0.60 $ 0.39
Weighted-average shares used in computing net income per share        
Basic (shares) 33,412,674 36,402,899 35,026,731 36,329,938
Diluted (shares) 33,490,004 36,507,050 35,179,483 36,491,624
Company-operated restaurant revenue        
Revenue        
Total revenue $ 102,703 $ 103,174 $ 304,477 $ 303,585
Franchise revenue        
Revenue        
Total revenue 10,255 9,543 30,046 28,862
Franchise advertising fee revenue        
Revenue        
Total revenue $ 7,441 $ 7,161 $ 21,894 $ 21,590