XML 13 R3.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Segment Revenues:        
Franchise revenues $ 98,551 $ 93,327 $ 203,103 $ 188,694
Company restaurant sales 134,634 210,694 289,337 435,309
Rental revenues 31,624 32,187 63,840 66,119
Financing revenues 3,529 3,928 12,258 8,078
Total segment revenues 268,338 340,136 568,538 698,200
Segment Expenses:        
Franchise expenses 26,207 26,027 53,650 50,865
Company restaurant expenses 117,279 182,064 249,045 374,621
Rental expenses 24,566 24,645 49,213 49,709
Financing expenses 1 2 5,576 471
Total segment expenses 168,053 232,738 357,484 475,666
Gross segment profit 100,285 107,398 211,054 222,534
General and administrative expenses 38,450 37,034 76,419 77,400
Interest expense 32,867 43,668 69,173 88,716
Impairment and closure charges 21,816 1,871 26,754 2,582
Debt modification costs 10   4,124  
Amortization of intangible assets 3,075 3,076 6,150 6,153
Loss (gain) on extinguishment of debt 939 (1,055) 7,885 (4,640)
Loss (gain) on disposition of assets 1,291 431 (22,463) 178
Income before income taxes 1,837 22,373 43,012 52,145
Provision for income taxes (1,489) (8,332) (12,965) (18,433)
Net income 348 14,041 30,047 33,712
Net (loss) income available to common stockholders        
Net income 348 14,041 30,047 33,712
Less: Series A preferred stock dividends   (5,700)   (11,460)
Less: Accretion of Series B preferred stock (639) (603) (1,268) (1,198)
Less: Net loss (income) allocated to unvested participating restricted stock 7 (296) (846) (801)
Net (loss) income available to common stockholders $ (284) $ 7,442 $ 27,933 $ 20,253
Net (loss) income available to common stockholders per share        
Basic (in dollars per share) $ (0.02) $ 0.43 $ 1.56 $ 1.18
Diluted (in dollars per share) $ (0.02) $ 0.42 $ 1.53 $ 1.16
Weighted average shares outstanding        
Basic (in shares) 18,072 17,226 17,884 17,119
Diluted (in shares) 18,072 17,560 18,280 17,476