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Condensed Consolidated Statements of Earnings (Unaudited) (USD $)
In Thousands, except Share data
3 Months Ended 9 Months Ended
Jul. 06, 2011
Jul. 07, 2010
Jul. 06, 2011
Jul. 07, 2010
Restaurant Operations:        
Net sales $ 166,893 $ 160,067 $ 527,848 $ 505,248
Franchise fees 2,065 1,877 6,415 3,988
Other revenue 606 519 1,828 1,701
Total 169,564 162,463 536,091 510,937
Investment Management Operations:        
Management fee income   137 224 137
Consolidated Affiliated Partnerships:        
Investment gains/losses 1,231 (1,675) 4,177 (1,675)
Other income/loss 66 (13) 368 (13)
Total 1,297 (1,551) 4,769 (1,551)
Total net revenues 170,861 160,912 540,860 509,386
Costs and expenses        
Cost of sales 48,144 44,197 146,967 136,836
Restaurant operating costs 78,317 74,367 253,646 246,081
General and administrative 12,082 9,908 37,691 30,302
Depreciation and amortization 6,563 6,712 21,855 22,597
Marketing 10,031 9,020 29,762 26,629
Rent 3,980 4,010 13,000 12,706
Pre-opening costs     76  
Asset impairments and provision for restaurant closings 2 43 15 186
Loss (gain) on disposal of assets 232 (137) 489 (38)
Other operating (income) expense (1,659) (8) (894) (479)
Total costs and expenses, net 157,692 148,112 502,607 474,820
Other income (expense)        
Interest, dividend and other investment income 86 114 239 343
Interest on obligations under leases (2,436) (2,559) (8,146) (8,512)
Interest expense (602) (936) (2,034) (1,279)
Realized investment gains/losses 1,433 986 4,677 1,820
Derivative and short sale gains/losses (499) 176 (292) 176
Total other income (expense) (2,018) (2,219) (5,556) (7,452)
Earnings before income taxes 11,151 10,581 32,697 27,114
Income taxes 1,836 3,337 8,864 8,859
Net earnings 9,315 7,244 23,833 18,255
Earnings attributable to noncontrolling interest       (10)
Earnings/loss attributable to redeemable noncontrolling interests:        
Income/loss allocation (639) 1,447 (2,559) 1,447
Incentive fee reallocation     2,510  
Total earnings/loss attributable to redeemable noncontrolling interests (639) 1,447 (49) 1,447
Net earnings attributable to Biglari Holdings Inc. $ 8,676 $ 8,691 $ 23,784 $ 19,692
Earnings per share attributable to Biglari Holdings Inc.        
Basic earnings per common and common equivalent share (in dollars per share) $ 6.52 $ 6.27 $ 17.90 $ 13.91
Diluted earnings per common and common equivalent share (in dollars per share) $ 6.49 $ 6.23 $ 17.79 $ 13.82
Weighted average shares and equivalents        
Basic (in shares) 1,331,434 1,387,134 1,328,666 1,415,676
Diluted (in shares) 1,336,253 1,395,015 1,336,851 1,424,637