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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 29, 2024
Oct. 01, 2023
Sep. 29, 2024
Oct. 01, 2023
Revenues:        
Revenues $ 566,739 $ 550,555 $ 1,672,219 $ 1,640,927
Costs and expenses:        
Cost of sales 195,638 199,522 587,637 597,068
Franchise support and other costs 16,047 14,806 47,011 41,853
Franchise Rental Expense 32,237 31,876 96,405 94,901
Advertising funds expense 129,732 107,895 357,923 319,174
General and administrative 62,794 59,288 188,047 184,306
Depreciation and amortization (exclusive of amortization of cloud computing arrangements shown separately below) 36,996 34,288 110,006 101,258
Amortization of cloud computing arrangements 3,576 3,844 10,637 7,692
System optimization gains, net (420) (120) (573) (119)
Reorganization and realignment costs 354 611 8,479 8,100
Impairment of long-lived assets 178 59 2,873 513
Other operating income, net (5,068) (3,117) (11,564) (9,174)
Costs and expenses 472,064 448,952 1,396,881 1,345,572
Operating profit 94,675 101,603 275,338 295,355
Interest expense, net (31,270) (30,957) (92,800) (93,798)
Loss on early extinguishment of debt 0 (319) 0 (1,585)
Investment income (loss), net 0 0 11 (10,389)
Other income, net 6,246 7,637 19,382 22,546
Income before income taxes 69,651 77,964 201,931 212,129
Provision for income taxes (19,427) (19,915) (55,071) (54,627)
Net income $ 50,224 $ 58,049 $ 146,860 $ 157,502
Net income per share:        
Basic $ 0.25 $ 0.28 $ 0.72 $ 0.75
Diluted $ 0.25 $ 0.28 $ 0.71 $ 0.74
Sales        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax $ 230,403 $ 234,721 $ 693,081 $ 703,358
Franchise royalty revenue and fees        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax 153,868 149,345 458,038 444,070
Franchise rental income        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax 59,314 57,567 177,938 173,407
Advertising funds revenue        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax $ 123,154 $ 108,922 $ 343,162 $ 320,092