XML 27 R2.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Dec. 25, 2019
Dec. 26, 2018
Dec. 25, 2019
Dec. 26, 2018
Statement of Comprehensive Income [Abstract]        
Total revenues $ 869.3 $ 790.7 $ 1,655.3 $ 1,544.5
Operating costs and expenses        
Cost of sales 223.1 200.9 426.9 392.8
Restaurant labor 291.8 260.8 560.3 517.1
Restaurant expenses 224.7 205.7 432.0 404.7
Company restaurant expenses 739.6 667.4 1,419.2 1,314.6
Depreciation and amortization 39.3 36.1 77.4 73.1
General and administrative 34.6 35.4 72.6 69.2
Other (gains) and charges 12.3 2.2 11.4 (8.9) [1]
Total operating costs and expenses 825.8 741.1 1,580.6 1,448.0
Operating income 43.5 49.6 74.7 96.5
Interest expenses 15.0 15.4 29.9 31.0
Other (income), net (0.5) (0.8) (1.0) (1.6)
Income before provision for income taxes 29.0 35.0 45.8 67.1
Provision for income taxes 1.1 3.0 3.0 8.7
Net income $ 27.9 $ 32.0 $ 42.8 $ 58.4
Basic net income per share $ 0.75 $ 0.84 $ 1.14 $ 1.49
Diluted net income per share $ 0.73 $ 0.83 $ 1.12 $ 1.46
Basic weighted average shares outstanding 37.4 38.1 37.4 39.2
Diluted weighted average shares outstanding 38.1 38.8 38.1 39.9
Other comprehensive income (loss)        
Foreign currency translation adjustment $ 0.1 $ (0.6) $ (0.1) $ (0.3)
Other comprehensive income (loss) 0.1 (0.6) (0.1) (0.3)
Comprehensive income 28.0 31.4 42.7 58.1
Company sales [Member]        
Revenue from contract with customer, excluding assessed tax 847.5 761.5 1,611.4 1,489.8
Franchise and other revenues [Member]        
Revenue from contract with customer, excluding assessed tax $ 21.8 $ 29.2 $ 43.9 $ 54.7
[1]
During the twenty-six week period ended December 26, 2018, we completed sale leaseback transactions of 145 Company-owned Chili’s restaurant properties. Chili’s recognized a $17.7 million gain on the sale, including a certain portion of the deferred gain, net of related transaction costs incurred in Other (gains) and charges in the Consolidated Statements of Comprehensive Income (Unaudited). Refer to Note 3 - Leases for further details.