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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Oct. 01, 2023
Oct. 02, 2022
Oct. 01, 2023
Oct. 02, 2022
Revenues:        
Franchise rental income $ 57,567 $ 58,463 $ 173,407 $ 174,944
Revenues 550,555 532,569 1,640,927 1,558,995
Costs and expenses:        
Cost of sales 199,522 196,168 597,068 578,506
Franchise support and other costs 14,806 12,728 41,853 34,456
Franchise Rental Expense 31,876 31,687 94,901 92,699
Advertising funds expense 107,895 108,269 319,174 317,042
General and administrative 59,288 62,523 184,306 186,506
Depreciation and amortization (exclusive of amortization of cloud computing arrangements shown separately below) 34,288 34,252 101,258 100,911
Amortization of cloud computing arrangements 3,844 888 7,692 888
System optimization gains, net (120) (452) (119) (4,138)
Reorganization and realignment costs 611 8 8,100 628
Impairment of long-lived assets 59 206 513 2,682
Other operating income, net (3,117) (11,843) (9,174) (20,482)
Costs and expenses 448,952 434,434 1,345,572 1,289,698
Operating profit 101,603 98,135 295,355 269,297
Interest expense, net (30,957) (31,916) (93,798) (90,406)
Loss on early extinguishment of debt (319) 0 (1,585) 0
Investment (loss) income, net 0 0 (10,389) 2,107
Other income, net 7,637 2,910 22,546 4,355
Income before income taxes 77,964 69,129 212,129 185,353
Provision for income taxes (19,915) (18,587) (54,627) (49,258)
Net income $ 58,049 $ 50,542 $ 157,502 $ 136,095
Net income per share:        
Basic $ 0.28 $ 0.24 $ 0.75 $ 0.64
Diluted $ 0.28 $ 0.24 $ 0.74 $ 0.63
Sales        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax $ 234,721 $ 228,786 $ 703,358 $ 668,930
Franchise royalty revenue and fees        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax 149,345 141,733 444,070 414,145
Advertising funds revenue        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax $ 108,922 $ 103,587 $ 320,092 $ 300,976