Business Segment Information

12 Months Ended

Dec. 31, 2011

Business Segment Information [Abstract]

Business Segment Information

12. Business Segment Information

The Company is engaged in the quick-service and quick-casual restaurant industry, with three restaurant concepts: Burger King operating as a franchisee, and Pollo Tropical and Taco Cabana, both Company-owned concepts. Pollo Tropical is a quick-casual restaurant brand offering a wide selection of tropical and Caribbean inspired food featuring grilled chicken marinated in a proprietary blend of tropical fruit juices and spices. Taco Cabana is a quick-casual restaurant brand offering a wide selection of fresh Tex-Mex and traditional Mexican style food, including sizzling fajitas, quesadillas, enchiladas, burritos and other Tex-Mex dishes.

The accounting policies of each segment are the same as those described in the summary of significant accounting policies. The following table includes Adjusted Segment EBITDA which is the measure of segment profit or loss reported to the chief operating decision maker for purposes of allocating resources to the segments and assessing their performance. Adjusted Segment EBITDA is defined as earnings attributable to the applicable segment before interest, income taxes, depreciation and amortization, impairment and other lease charges, stock-based compensation expense, other income and expense and gains and losses on extinguishment of debt.

The "Other" column includes corporate related items not allocated to reportable segments and consists primarily of cash, certain other assets, corporate property and equipment, goodwill and deferred income taxes.

	Pollo Tropical		Taco Cabana		Burger King		Other		Consolidated
Year ended December 31, 2011
Revenues	$	209,525	$	265,443	$	347,518	$	—	$	822,486
Cost of sales		69,466		83,245		103,860		—		256,571
Restaurant wages and related expenses		49,025		80,058		109,171		—		238,254
Restaurant rent expense		9,815		16,247		22,665		—		48,727
General and administrative expense (1)		13,358		13,054		30,676		—		57,088
Depreciation and amortization		8,194		9,270		14,305		1,753		33,522
Adjusted Segment EBITDA		36,783		27,484		14,404
Identifiable assets		49,875		59,764		149,167		199,586		458,392
Capital expenditures		10,241		12,523		26,982		890		50,636
Year ended December 31, 2010
Revenues	$	187,293	$	251,778	$	357,073	$	—	$	796,144
Cost of sales		60,045		75,191		105,399		—		240,635
Restaurant wages and related expenses		45,890		76,629		112,556		—		235,075
Restaurant rent expense		9,719		15,690		23,169		—		48,578
General and administrative expense (1)		12,461		11,286		27,274		—		51,021
Depreciation and amortization		8,123		8,981		13,876		1,479		32,459
Adjusted Segment EBITDA		30,300		27,425		19,756
Identifiable assets		51,125		63,061		142,922		169,194		426,302
Capital expenditures		9,981		13,417		12,415		1,234		37,047
Year ended December 31, 2009
Revenues	$	177,840	$	254,280	$	384,020	$	—	$	816,140
Cost of sales		58,287		73,783		105,376		—		237,446
Restaurant wages and related expenses		43,999		76,106		119,448		—		239,553
Restaurant rent expense		10,012		15,716		23,981		—		49,709
General and administrative expense (1)		10,585		11,812		29,454		—		51,851
Depreciation and amortization		8,274		9,531		13,486		1,229		32,520
Adjusted Segment EBITDA		26,228		31,006		32,825
Identifiable assets		52,802		67,342		146,679		173,154		439,977
Capital expenditures		4,950		11,177		19,361		1,456		36,944

(1) For the Pollo Tropical and Taco Cabana segments, such amounts include general and administrative expense related directly to each segment. For the Burger King segment, such amounts include general and administrative expenses related directly to the Burger King segment as well as expenses associated with administrative support to the Company's Pollo Tropical and Taco Cabana segments for executive management, information systems and certain accounting, legal and other administrative functions. For the year ended December 31, 2011, 2010 and 2009, the administrative support expenses included in the Burger King segment provided to Pollo Tropical were $5.0 million, $4.0 million and $4.4 million, respectively, and the administrative support expenses provided to Taco Cabana were $6.1 million, $5.1 million and $5.3 million, respectively.

A reconciliation of Adjusted Segment EBITDA to consolidated net income follows:

	Year ended December 31,
	2011			2010			2009
Adjusted Segment EBITDA:
Pollo Tropical	$	36,783		$	30,300		$	26,228
Taco Cabana		27,484			27,425			31,006
Burger King		14,404			19,756			32,825
Less:
Depreciation and amortization		33,522			32,459			32,520
Impairment and other lease charges		4,037			7,323			2,771
Interest expense		21,031			18,805			19,638
Provision for income taxes		4,188			5,771			12,604
Stock-based compensation expense		2,779			1,651			1,411
Loss on extinguishment of debt		2,470			—			—
Other income		(574	)		(444	)		(720	)
Net income	$	11,218		$	11,916		$	21,835