XML 14 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 26, 2024
Jun. 28, 2023
Jun. 26, 2024
Jun. 28, 2023
Revenue        
Total revenue $ 122,176 $ 121,492 $ 238,329 $ 236,018
Cost of operations        
Food and paper cost 25,731 28,474 51,350 55,376
Labor and related expenses 32,868 32,277 63,448 63,818
Occupancy and other operating expenses 24,656 25,576 48,521 50,462
Gain on recovery of insurance proceeds, lost profits, net       (151)
Company restaurant expenses 83,255 86,327 163,319 169,505
General and administrative expenses 11,787 11,108 23,712 22,307
Franchise expenses 10,871 9,492 21,473 18,524
Depreciation and amortization 3,870 3,694 7,721 7,331
Loss (gain) on disposal of assets 63 (80) 104 (50)
Gain on recovery of insurance proceeds, property, equipment and expenses     (41) (242)
Loss (gain) on disposition of restaurants 7 25 7 (111)
Impairment and closed-store reserves 5 38 37 115
Total expenses 109,858 110,604 216,332 217,379
Income from operations 12,318 10,888 21,997 18,639
Interest expense, net 1,527 976 3,091 1,980
Income tax receivable agreement expense (income) 0 121 0 (1)
Income before provision for income taxes 10,791 9,791 18,906 16,660
Provision for income taxes 3,158 2,735 5,361 4,686
Net income $ 7,633 $ 7,056 $ 13,545 $ 11,974
Net income per share        
Basic (usd per share) $ 0.25 $ 0.20 $ 0.44 $ 0.33
Diluted (usd per share) $ 0.25 $ 0.20 $ 0.44 $ 0.33
Weighted-average shares used in computing net income per share        
Basic (shares) 30,240,170 35,433,414 30,508,970 35,833,759
Diluted (shares) 30,378,048 35,534,104 30,661,830 36,018,288
Company-operated restaurant revenue        
Revenue        
Total revenue $ 102,307 $ 103,901 $ 199,460 $ 201,774
Franchise revenue        
Revenue        
Total revenue 11,651 10,119 22,999 19,791
Franchise advertising fee revenue        
Revenue        
Total revenue $ 8,218 $ 7,472 $ 15,870 $ 14,453