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Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Rental revenues $ 29,009 $ 30,711
Total revenues 206,884 237,182
Cost of revenues:    
Franchise expenses 69,450 80,303
Company restaurant expenses 30,332 31,538
Interest expense from finance leases 1,210 1,529
Other rental expenses 21,323 21,095
Rental expenses 22,533 22,624
Financing expenses 142 146
Total cost of revenues 122,457 134,611
Gross profit 84,427 102,571
General and administrative expenses 37,608 42,819
Interest expense, net 15,172 15,393
Amortization of intangible assets 2,826 2,924
Closure and impairment (credit) charges (12) 194
(Gain) loss on disposition of assets (233) 109
Income before income tax provision 29,066 41,132
Income tax provision (6,738) (9,489)
Net income 22,328 31,643
Other comprehensive income (loss) net of tax:    
Foreign currency translation adjustment 0 (1)
Total comprehensive income 22,328 31,642
Net income available to common stockholders:    
Net income 22,328 31,643
Less: Net income allocated to unvested participating restricted stock (748) (1,111)
Net income available to common stockholders - basic $ 21,580 $ 30,532
Net income available to common stockholders per share:    
Basic (USD per share) $ 1.33 $ 1.76
Diluted (USD per share) $ 1.31 $ 1.73
Weighted average shares outstanding:    
Basic (in shares) 16,263 17,343
Diluted (in shares) 16,470 17,690
Franchise revenues    
Revenues:    
Revenue from contract with customer, excluding assessed tax $ 145,037 $ 168,926
Royalties, franchise fees and other    
Revenues:    
Revenue from contract with customer, excluding assessed tax 83,314 96,296
Advertising revenue    
Revenues:    
Revenue from contract with customer, excluding assessed tax 61,723 72,630
Company restaurant sales    
Revenues:    
Revenue from contract with customer, excluding assessed tax 31,300 35,735
Financing revenues    
Revenues:    
Revenue from contract with customer, excluding assessed tax 1,538 1,810
Advertising fees    
Revenues:    
Revenue from contract with customer, excluding assessed tax 61,723 72,630
Cost of revenues:    
Franchise expenses 61,723 72,630
Bad debt expense (credit)    
Cost of revenues:    
Franchise expenses 518 (467)
Other franchise expenses    
Cost of revenues:    
Franchise expenses $ 7,209 $ 8,140