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Condensed Consolidated Statements Of Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Oct. 01, 2023
Oct. 02, 2022
Oct. 01, 2023
Oct. 02, 2022
Revenues:        
Restaurant sales $ 475,761 $ 443,961 $ 1,406,146 $ 1,285,382
Operating expenses:        
Food, beverage and packaging costs 129,984 138,012 392,110 401,244
Restaurant wages and related expenses 153,712 148,838 455,305 439,773
Restaurant rent expense (Note 6) 32,207 31,244 96,221 93,487
Other restaurant operating expenses 74,685 70,237 217,528 204,676
Advertising expense 19,323 17,841 56,799 51,446
General and administrative expenses (including stock-based compensation of $1,870, $940, $3,969 and $3,817, respectively) 26,165 22,572 76,493 65,416
Depreciation and amortization 18,291 19,284 55,568 58,897
Impairment and other lease charges (Note 4) 1,591 1,196 5,680 19,868
Other income, net (Note 14) (3,638) (1,750) (6,463) (1,109)
Total operating expenses 452,320 447,474 1,349,241 1,333,698
Income (loss) from operations 23,441 (3,513) 56,905 (48,316)
Interest expense 7,189 7,896 23,089 22,968
Income (loss) before income taxes 16,252 (11,409) 33,816 (71,284)
Provision (benefit) for income taxes 3,634 (2,712) 5,380 (14,842)
Net income (loss) $ 12,618 $ (8,697) $ 28,436 $ (56,442)
Basic net income (loss) per share (in dollars per share) $ 0.20 $ (0.17) $ 0.44 $ (1.11)
Diluted net income (loss) per share (in shares) $ 0.20 $ (0.17) $ 0.44 $ (1.11)
Weighted average common shares outstanding:        
Weighted average common shares outstanding (in shares) 51,560,307 50,805,461 51,506,367 50,689,730
Shares used in computing diluted net income (loss) per share (in shares) 62,827,875 50,805,461 62,124,464 50,689,730
Other comprehensive income (loss), net of tax:        
Net income (loss) $ 12,618 $ (8,697) $ 28,436 $ (56,442)
Change in valuation of interest rate swap (Note 7) (472) 2,905 (904) 7,782
Comprehensive income (loss) $ 12,146 $ (5,792) $ 27,532 $ (48,660)