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Consolidated Statements of Income (unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Segment Revenues:        
Franchise revenues $ 102,459 $ 98,551 $ 210,868 $ 203,103
Company restaurant sales 93,802 134,634 194,687 289,337
Rental revenues 29,171 31,624 61,176 63,840
Financing revenues 3,959 3,529 8,242 12,258
Total segment revenues 229,391 268,338 474,973 568,538
Segment Expenses:        
Franchise expenses 26,346 26,207 53,978 53,650
Company restaurant expenses 79,574 117,279 163,757 249,045
Rental expenses 24,301 24,566 48,838 49,213
Financing expenses 916 1 1,571 5,576
Total segment expenses 131,137 168,053 268,144 357,484
Gross segment profit 98,254 100,285 206,829 211,054
General and administrative expenses 37,239 38,450 76,871 76,419
Interest expense 29,650 32,867 59,871 69,173
Impairment and closure charges 122 21,816 844 26,754
Amortization of intangible assets 3,075 3,075 6,150 6,150
Loss (gain) on disposition of assets 741 1,291 (15,992) (22,463)
Loss on extinguishment of debt 0 939 2,611 [1] 7,885 [1]
Debt modification costs 0 10 0 4,124
Income before income taxes 27,427 1,837 76,474 43,012
Provision for income taxes (10,489) (1,489) (28,192) (12,965)
Net income 16,938 348 48,282 30,047
Other comprehensive income:        
Adjustment to unrealized loss on available-for-sale investments 0 0 140 0
Foreign currency translation adjustment (3) (1) (1) 20
Total comprehensive income 16,935 347 48,421 30,067
Net income available to common stockholders:        
Net income 16,938 348 48,282 30,047
Less: Accretion of Series B preferred stock (677) (639) (1,345) (1,268)
Less: Net income allocated to unvested participating restricted stock (388) 7 (1,169) (846)
Net income (loss) available to common stockholders $ 15,873 $ (284) $ 45,768 $ 27,933
Net income (loss) available to common stockholders per share:        
Basic $ 0.89 $ (0.02) $ 2.57 $ 1.56
Diluted $ 0.88 $ (0.02) $ 2.52 $ 1.53
Weighted average shares outstanding:        
Basic 17,890 18,072 17,786 17,884
Diluted 18,138 18,072 18,731 18,280
[1] Including write-off of the discount and deferred financing costs related to the debt retired.