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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 26, 2022
Mar. 27, 2021
Revenue:    
Revenue $ 468,323 $ 329,420
Operating expenses:    
Selling, general and administrative expenses 92,220 69,050
Acquisition costs 4,318 1,646
Store opening costs 506 289
Depreciation and amortization 33,023 23,852
Asset impairment charges and lease terminations 898 1,253
Total operating expenses 394,603 279,698
Operating income 73,720 49,722
Other expenses, net:    
Interest expense, net 25,353 18,091
Net loss on foreign currency transactions 971 10,511
Loss on debt extinguishment 0 45,498
Total other expenses, net 26,324 74,100
Net income (loss) before taxes 47,396 (24,378)
Income tax expense (benefit) 12,968 (4,446)
Net income (loss) 34,428 (19,932)
Net (loss) income attributable to non-controlling interests (15) 7
Net income (loss) attributable to Driven Brands Holdings Inc. $ 34,443 $ (19,939)
Earnings per share:    
Basic (in dollars per share) $ 0.21 $ (0.13)
Diluted (in dollars per share) $ 0.20 $ (0.13)
Weighted average shares outstanding:    
Basic (shares) 162,762 154,827
Diluted (shares) 166,748 154,827
Franchise royalties and fees    
Revenue:    
Revenue $ 37,888 $ 30,414
Company-operated store sales    
Revenue:    
Revenue 292,391 183,855
Operating expenses:    
Operating expenses 177,867 112,756
Independently-operated store sales    
Revenue:    
Revenue 63,089 56,163
Operating expenses:    
Operating expenses 33,299 31,108
Advertising fund contributions    
Revenue:    
Revenue 19,698 17,255
Operating expenses:    
Operating expenses 19,698 17,255
Supply and other revenue    
Revenue:    
Revenue 55,257 41,733
Operating expenses:    
Operating expenses $ 32,774 $ 22,489