XML 16 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
May 31, 2017
May 31, 2016
May 31, 2017
May 31, 2016
Revenues:        
Company Drive-In sales $ 72,062 $ 115,143 $ 223,500 $ 314,339
Franchise Drive-Ins:        
Franchise royalties and fees 48,220 46,687 122,687 122,656
Lease revenue 2,418 2,141 5,474 5,132
Other 1,290 1,268 2,038 2,075
Total revenues 123,990 165,239 353,699 444,202
Costs and expenses:        
Food and packaging 19,380 32,089 61,112 87,248
Payroll and other employee benefits 25,590 39,912 82,688 111,635
Other operating expenses, exclusive of depreciation and amortization included below 13,836 22,442 47,540 65,450
Total cost of Company Drive-In sales 58,806 94,443 191,340 264,333
Selling, general and administrative 20,763 20,617 58,813 62,342
Depreciation and amortization 9,520 11,405 29,531 33,461
Other operating income, net (540) (106) (11,105) (3,071)
Total costs and expenses 88,549 126,359 268,579 357,065
Income from operations 35,441 38,880 85,120 87,137
Interest expense 7,318 6,776 21,734 19,465
Interest income (291) (121) (1,047) (326)
Debt extinguishment costs 0 8,750 0 8,750
Net interest expense 7,027 15,405 20,687 27,889
Income before income taxes 28,414 23,475 64,433 59,248
Provision for income taxes 9,663 8,122 21,601 20,618
Net income $ 18,751 $ 15,353 $ 42,832 $ 38,630
Basic income per share (usd per share) $ 0.44 $ 0.32 $ 0.97 $ 0.79
Diluted income per share (usd per share) 0.44 0.31 0.96 0.77
Cash dividends declared per common share (usd per share) $ 0.14 $ 0.11 $ 0.42 $ 0.33