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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 28, 2020
Jun. 30, 2019
Jun. 28, 2020
Jun. 30, 2019
Revenues        
Franchise rental income $ 56,857 $ 58,561 $ 114,713 $ 117,013
Revenues 402,306 435,348 807,266 843,931
Costs and expenses        
Cost of sales 140,626 151,092 290,625 293,671
Franchise support and other costs 5,454 4,066 13,467 10,084
Franchise rental expense 31,297 28,027 60,598 60,478
Advertising funds expense 81,317 88,667 161,305 169,148
General and administrative 48,592 50,784 100,231 100,097
Depreciation and amortization 34,714 31,484 65,760 64,669
System optimization gains, net (1,987) (110) (2,310) (122)
Reorganization and realignment costs 2,911 3,570 6,821 4,368
Impairment of long-lived assets 117 198 4,704 1,684
Other operating income, net (1,396) (3,003) (3,328) (6,985)
Costs and expenses 341,645 354,775 697,873 697,092
Operating profit 60,661 80,573 109,393 146,839
Interest expense, net (29,085) (29,931) (57,610) (59,013)
Loss on early extinguishment of debt 0 (7,150) 0 (7,150)
Other (expense) income, net (144) 2,247 932 4,947
Income before income taxes 31,432 45,739 52,715 85,623
Provision for income taxes (6,528) (13,353) (13,370) (21,343)
Net income $ 24,904 $ 32,386 $ 39,345 $ 64,280
Earnings per share        
Earnings Per Share, Basic $ 0.11 $ 0.14 $ 0.18 $ 0.28
Earnings Per Share, Diluted $ 0.11 $ 0.14 $ 0.17 $ 0.27
Sales        
Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax $ 164,217 $ 181,050 $ 331,015 $ 348,747
Franchise royalty revenue and fees        
Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax 103,120 109,125 204,825 211,078
Advertising funds revenue        
Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax $ 78,112 $ 86,612 $ 156,713 $ 167,093