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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Apr. 17, 2022
Apr. 11, 2021
Apr. 17, 2022
Apr. 11, 2021
Revenues: $ 322,294 $ 257,217 $ 667,005 $ 595,758
Operating costs and expenses, net:        
Food and packaging 46,871 23,938 84,408 56,315
Payroll and employee benefits 50,910 26,440 90,635 61,371
Occupancy and other 29,171 13,349 50,048 31,184
Franchise occupancy expenses 49,244 48,904 113,227 114,073
Selling, general and administrative expenses 28,479 18,861 53,818 39,360
Depreciation and amortization 11,545 10,696 24,041 25,267
Other operating expenses, net 14,367 1,228 18,210 776
Gains on the sale of company-operated restaurants (810) (1,532) (858) (2,815)
Total operating costs and expenses 284,050 192,329 555,021 441,944
Earnings from operations 38,244 64,888 111,984 153,814
Other pension and post-retirement expenses, net 70 203 163 474
Interest expense, net 26,481 15,227 46,668 35,962
Earnings before income taxes 11,693 49,458 65,153 117,378
Income taxes 3,897 13,524 18,087 30,585
Net earnings $ 7,796 $ 35,934 $ 47,066 $ 86,793
Earnings per share:        
Basic (in USD per share) $ 0.37 $ 1.58 $ 2.22 $ 3.80
Diluted (in USD per share) 0.37 1.58 2.21 3.78
Cash dividends declared per common share (in USD per share) $ 0.44 $ 0.40 $ 0.88 $ 0.80
Company restaurant sales        
Revenues: $ 151,309 $ 85,962 $ 271,365 $ 200,240
Franchise rental revenues        
Revenues: 76,556 77,901 179,655 181,650
Operating costs and expenses, net:        
Franchise support and other costs 5,015 3,341 8,926 6,614
Franchise advertising and other services expenses 49,258 47,104 112,566 109,799
Franchise royalties and other        
Revenues: 47,101 47,231 107,856 106,879
Franchise contributions for advertising and other services        
Revenues: $ 47,328 $ 46,123 $ 108,129 $ 106,989