XML 75 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Segment Revenues:      
Franchise and restaurant revenues $ 502,586 $ 712,580 $ 929,523
Rental revenues 124,769 122,859 125,960
Financing revenues 13,112 14,489 19,715
Total segment revenues 640,467 849,928 1,075,198
Segment Expenses:      
Franchise and restaurant expenses 173,232 359,196 563,449
Rental expenses 97,298 97,165 98,147
Financing expenses 245 1,623 5,973
Total segment expenses 270,775 457,984 667,569
Gross segment profit 369,692 391,944 407,629
General and administrative expenses 143,586 163,215 155,822
Interest expense 100,264 114,338 132,707
Amortization of intangible assets 12,282 12,293 12,300
Closure and impairment charges 1,812 4,218 29,865
Loss on extinguishment of debt 58 5,554 11,159
Debt modification costs 1,296 0 4,031
Gain on disposition of assets (223) (102,597) (43,253)
Income before income taxes 110,617 194,923 104,998
Income tax provision (38,580) (67,249) (29,806)
Net income 72,037 127,674 75,192
Other comprehensive income (loss), net of tax:      
Adjustment to unrealized loss on available-for-sale investments 0 140 0
Foreign currency translation adjustment (12) 2 (12)
Total comprehensive income 72,025 127,816 75,180
Net income available to common stockholders:      
Net income (loss) 72,037 127,674 75,192
Less: Net income allocated to unvested participating restricted stock (1,200) (2,718) (1,886)
Less: Accretion of Series B preferred stock 0 2,498 2,573
Net income available to common stockholders $ 70,837 $ 122,458 $ 70,733
Net income available to common stockholders per share:      
Basic (per share) $ 3.75 $ 6.81 $ 3.96
Diluted (per share) $ 3.70 $ 6.63 $ 3.89
Weighted average shares outstanding:      
Diluted (shares) 19,141 18,877 18,185
Dividends declared per common share $ 3 $ 0 $ 0
Dividends paid per common share $ 3 $ 0 $ 0