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CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues        
Restaurant operations $ 160,061 $ 200,594 $ 333,836 $ 394,528
Insurance premiums and other 7,417 6,745 14,624 13,292
Media advertising and other 865 1,400 1,742 3,144
Total revenues 168,343 208,739 350,202 410,964
Cost and expenses        
Restaurant cost of sales 131,750 160,559 284,199 318,909
Insurance losses and underwriting expenses 5,498 4,473 11,158 10,401
Media cost of sales 641 980 1,589 2,497
Selling, general and administrative 26,423 32,950 61,279 65,600
Depreciation and amortization 5,206 4,816 10,677 9,762
Total cost and expenses 169,518 203,778 368,902 407,169
Other income (expenses)        
Interest expense (3,150) (2,898) (6,208) (5,652)
Interest on finance leases and obligations (2,003) (2,151) (4,012) (4,337)
Investment partnership gains (losses) 34,198 (8,341) 68,352 (4,846)
Total other income (expenses) 29,045 (13,390) 58,132 (14,835)
Earnings (loss) before income taxes 27,870 (8,429) 39,432 (11,040)
Income tax expense (benefit) 5,896 (890) 7,640 (1,687)
Net earnings (loss) $ 21,974 $ (7,539) $ 31,792 $ (9,353)
Earnings per share        
Net earnings (loss) per equivalent Class A share [1] $ 63.50 $ (21.73) $ 91.85 $ (26.76)
[1] Net earnings (loss) per equivalent Class B share outstanding is one-fifth of the equivalent Class A share or $12.70 and $18.37 for the second quarter and first six months of 2019, respectively, and $(4.35) and $(5.35) for the second quarter and first six months of 2018, respectively.