XML 27 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Earnings (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Dec. 21, 2011
Dec. 22, 2010
Restaurant Operations:    
Net sales $ 161,516 $ 153,059
Franchise fees 2,144 2,045
Other revenue 530 511
Total 164,190 155,615
Investment Management Operations:    
Management fee income 0 110
Consolidated Affiliated Partnerships:    
Investment gains/losses 2,124 2,687
Other income 76 310
Total 2,200 3,107
Total net revenues 166,390 158,722
Costs and expenses    
Cost of sales 45,424 41,280
Restaurant operating costs 73,963 72,689
General and administrative 13,258 11,014
Depreciation and amortization 6,301 6,609
Marketing 8,887 8,951
Rent 4,047 3,896
Pre-opening costs 101 42
Asset impairments and provision for restaurant closings 0 283
Loss on disposal of assets 216 104
Other operating (income) expense (519) 822
Total costs and expenses, net 151,678 145,690
Other income (expense)    
Interest, dividend and other investment income 626 35
Interest on obligations under leases (2,325) (2,449)
Interest expense (1,855) (565)
Realized investment gains/losses 3,595 2,878
Derivative and short sale gains/losses 0 175
Total other income (expense) 41 74
Earnings before income taxes 14,753 13,106
Income taxes 4,760 4,341
Net earnings 9,993 8,765
Earnings attributable to redeemable noncontrolling interests:    
Income allocation (1,234) (1,812)
Incentive fee 36 2,510
Total earnings/loss attributable to redeemable noncontrolling interests (1,198) 698
Net earnings attributable to Biglari Holdings Inc. $ 8,795 $ 9,463
Earnings per share attributable to Biglari Holdings Inc.    
Basic earnings per common and common equivalent share $ 6.60 $ 7.13
Diluted earnings per common and common equivalent share $ 6.58 $ 7.08
Weighted average shares and equivalents    
Basic 1,333,467 1,327,207
Diluted 1,335,926 1,335,982