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Consolidated Statements Of Comprehensive Income - USD ($)
3 Months Ended 6 Months Ended
Jul. 02, 2023
Jul. 03, 2022
Jul. 02, 2023
Jul. 03, 2022
Revenues:        
Revenue $ 485,223,000 $ 441,945,000 $ 930,385,000 $ 841,421,000
Costs and expenses:        
Food, beverage and packaging costs 136,683,000 140,175,000 262,126,000 263,232,000
Restaurant wages and related expenses 155,269,000 149,315,000 301,593,000 290,935,000
Restaurant rent expense (Note 6) 32,180,000 31,230,000 64,014,000 62,243,000
Other restaurant operating expenses 73,711,000 69,032,000 142,843,000 134,439,000
Advertising expense 19,578,000 17,641,000 37,476,000 33,605,000
General and administrative expenses (including stock-based compensation of $1,002, $936, $2,099 and $2,877, respectively) 24,588,000 20,827,000 50,328,000 42,844,000
Depreciation and amortization 18,559,000 20,071,000 37,277,000 39,613,000
Impairment and other lease charges (Note 4) 2,749,000 18,176,000 4,089,000 18,672,000
Other (income) expense, net (Note 14) (1,319,000) 439,000 (2,825,000) 641,000
Total operating expenses 461,998,000 466,906,000 896,921,000 886,224,000
Income (loss) from operations 23,225,000 (24,961,000) 33,464,000 (44,803,000)
Interest expense 7,667,000 7,636,000 15,900,000 15,072,000
Income (loss) before income taxes 15,558,000 (32,597,000) 17,564,000 (59,875,000)
Provision (benefit) for income taxes 604,000 (6,121,000) 1,746,000 (12,130,000)
Net income (loss) $ 14,954,000 $ (26,476,000) $ 15,818,000 $ (47,745,000)
Basic net income (loss) per share (in dollars per share) $ 0.23 $ (0.52) $ 0.25 $ (0.94)
Diluted net income (loss) per share (in shares) $ 0.23 $ (0.52) $ 0.25 $ (0.94)
Weighted average common shares outstanding:        
Weighted average common shares outstanding (in shares) 51,535,242 50,795,328 51,479,396 50,634,008
Shares used in computing diluted net income (loss) per share (in shares) 62,123,941 50,795,328 61,772,757 50,634,008
Other comprehensive income (loss), net of tax:        
Net income (loss) $ 14,954,000 $ (26,476,000) $ 15,818,000 $ (47,745,000)
Change in valuation of interest rate swap (Note 7) 705,000 595,000 (432,000) 4,877,000
Comprehensive income (loss) $ 15,659,000 $ (25,881,000) $ 15,386,000 $ (42,868,000)