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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jul. 02, 2023
Jun. 30, 2024
Jul. 02, 2023
Revenues:        
Revenues $ 570,727 $ 561,565 $ 1,105,480 $ 1,090,372
Costs and expenses:        
Cost of sales 199,886 201,010 391,999 397,546
Franchise support and other costs 16,222 13,787 30,964 27,047
Franchise Rental Expense 32,390 32,396 64,168 63,025
Advertising funds expense 120,817 109,618 228,191 211,279
General and administrative 61,496 62,742 125,253 125,018
Depreciation and amortization (exclusive of amortization of cloud computing arrangements shown separately below) 37,492 33,498 73,010 66,970
Amortization of cloud computing arrangements 3,519 2,266 7,061 3,848
System optimization (gains) losses, net (280) 6 (153) 1
Reorganization and realignment costs 2,452 681 8,125 7,489
Impairment of long-lived assets 689 78 2,695 454
Other operating income, net (3,463) (3,791) (6,496) (6,057)
Costs and expenses 471,220 452,291 924,817 896,620
Operating profit 99,507 109,274 180,663 193,752
Interest expense, net (30,995) (31,136) (61,530) (62,841)
Loss on early extinguishment of debt 0 0 0 (1,266)
Investment income (loss), net 11 (6,827) 11 (10,389)
Other income, net 6,300 7,573 13,136 14,909
Income before income taxes 74,823 78,884 132,280 134,165
Provision for income taxes (20,180) (19,252) (35,644) (34,712)
Net income $ 54,643 $ 59,632 $ 96,636 $ 99,453
Net income per share:        
Basic $ 0.27 $ 0.28 $ 0.47 $ 0.47
Diluted $ 0.27 $ 0.28 $ 0.47 $ 0.46
Sales        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax $ 237,355 $ 240,688 $ 462,678 $ 468,637
Franchise royalty revenue and fees        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax 157,670 153,048 304,170 294,725
Franchise rental income        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax 60,638 58,033 118,624 115,840
Advertising funds revenue        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax $ 115,064 $ 109,796 $ 220,008 $ 211,170