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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 25, 2024
Sep. 27, 2023
Sep. 25, 2024
Sep. 27, 2023
Revenue        
Total revenue $ 120,395 $ 120,399 $ 358,724 $ 356,417
Cost of operations        
Food and paper cost 25,401 27,552 76,751 82,928
Labor and related expenses 32,744 33,092 96,192 96,910
Occupancy and other operating expenses 26,088 27,289 74,609 77,751
Gain on recovery of insurance proceeds, lost profits, net       (151)
Company restaurant expenses 84,233 87,933 247,552 257,438
General and administrative expenses 11,418 9,144 35,130 31,451
Franchise expenses 10,488 9,583 31,961 28,107
Depreciation and amortization 4,034 3,946 11,755 11,277
Loss (gain) on disposal of assets 77 16 181 (34)
Gain on recovery of insurance proceeds, property, equipment and expenses     (41) (242)
(Gain) loss on disposition of restaurants   (4,923) 7 (5,034)
Impairment and closed-store reserves 8 1,008 45 1,123
Total expenses 110,258 106,707 326,590 324,086
Income from operations 10,137 13,692 32,134 32,331
Interest expense, net 1,536 1,382 4,627 3,362
Income tax receivable agreement expense 0 106 0 105
Income before provision for income taxes 8,601 12,204 27,507 28,864
Provision for income taxes 2,415 2,975 7,776 7,661
Net income $ 6,186 $ 9,229 $ 19,731 $ 21,203
Net income per share        
Basic (usd per share) $ 0.21 $ 0.28 $ 0.66 $ 0.61
Diluted (usd per share) $ 0.21 $ 0.28 $ 0.65 $ 0.60
Weighted-average shares used in computing net income per share        
Basic (shares) 29,199,971 33,412,674 30,072,637 35,026,731
Diluted (shares) 29,423,649 33,490,004 30,235,309 35,179,483
Company-operated restaurant revenue        
Revenue        
Total revenue $ 101,178 $ 102,703 $ 300,638 $ 304,477
Franchise revenue        
Revenue        
Total revenue 11,330 10,255 34,329 30,046
Franchise advertising fee revenue        
Revenue        
Total revenue $ 7,887 $ 7,441 $ 23,757 $ 21,894