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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 26, 2023
Revenue    
Total revenue $ 151,967 $ 105,691
Costs and expenses    
General and administrative expense 30,005 28,415
Cost of restaurant and factory revenues 99,050 59,087
Depreciation and amortization 10,194 7,116
Refranchising loss 1,508 159
Advertising fees 12,592 10,527
Total costs and expenses 153,349 105,304
(Loss) income from operations (1,382) 387
Other (expense) income, net    
Interest expense (29,623) (25,090)
Interest expense related to preferred shares (4,418) (5,043)
Net gain on extinguishment of debt 427 0
Other income, net 204 156
Total other expense, net (33,410) (29,977)
Loss before income tax provision (34,792) (29,590)
Income tax provision (3,524) (2,536)
Net loss (38,316) (32,126)
Dividends on preferred shares (1,881) (1,755)
Net loss available to common stockholders, basic (40,197) (33,881)
Net loss available to common stockholders, diluted $ (40,197) $ (33,881)
Basic loss per common share (in dollars per share) $ (2.37) $ (2.05)
Diluted loss per common share (in dollars per share) $ (2.37) $ (2.05)
Basic weighted average shares outstanding (in shares) 16,947,400 16,487,119
Diluted weighted average shares outstanding (in shares) 16,947,400 16,487,119
Cash dividends declared per common share (in dollars per share) $ 0.14 $ 0.14
Royalties    
Revenue    
Total revenue $ 21,947 $ 22,485
Restaurant sales    
Revenue    
Total revenue 105,938 62,601
Advertising fees    
Revenue    
Total revenue 9,796 9,351
Factory revenues    
Revenue    
Total revenue 9,474 9,165
Franchise fees    
Revenue    
Total revenue 1,481 802
Other revenue    
Revenue    
Total revenue $ 3,331 $ 1,287