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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 28, 2015
Jun. 29, 2014
Jun. 28, 2015
Jun. 29, 2014
Revenues:        
Sales $ 385,048 $ 407,651 $ 742,617 $ 825,722
Franchise revenues 104,486 98,428 198,686 188,807
Revenues 489,534 506,079 941,303 1,014,529
Costs and expenses:        
Cost of sales 315,122 335,141 620,233 698,506
General and administrative 60,771 66,433 120,469 136,044
Depreciation and amortization 39,335 37,998 74,880 78,578
System optimization gains, net (15,654) (1,418) [1] (14,849) (74,395) [1]
Reorganization and realignment costs 6,279 1,276 [2] 10,892 15,987 [2]
Impairment of long-lived assets 10,018 77 11,955 2,606
Other operating expense, net 9,355 5,403 15,504 8,760
Costs and expenses 425,226 444,910 839,084 866,086
Operating profit 64,308 61,169 102,219 148,443
Interest expense (17,201) (13,083) (29,944) (26,025)
Loss on early extinguishment of debt (7,295) 0 (7,295) 0
Other income, net 272 856 511 1,377
Income from continuing operations before income taxes 40,084 48,942 65,491 123,795
Provision for income taxes (15,259) (21,615) (22,516) (51,459)
Income from continuing operations 24,825 27,327 42,975 72,336
Income from discontinued operations, net of income taxes 231 1,680 9,588 2,974
Gain on disposal of discontinued operations, net of income taxes 15,139 0 15,139 0
Net income from discontinued operations 15,370 1,680 24,727 2,974
Net income $ 40,195 $ 29,007 $ 67,702 $ 75,310
Basic net income per share:        
Continuing operations $ 0.07 $ 0.07 $ 0.12 $ 0.19
Discontinued operations 0.04 0.00 0.07 0.01
Net income 0.11 0.08 0.19 0.20
Diluted net income per share:        
Continuing operations 0.07 0.07 0.12 0.19
Discontinued operations 0.04 0.00 0.07 0.01
Net income 0.11 0.08 0.18 0.20
Dividends per share $ 0.055 $ 0.05 $ 0.11 $ 0.10
[1] Reclassifications have been made to the prior year presentation to include sales of restaurants previously reported in “Other operating expense, net” to conform to the current year presentation. Reclassifications have also been made to reflect the Bakery’s gain on sales of other assets as discontinued operations. See Note 1 for further details.
[2] Previously titled “Facilities action charges (income), net.”