XML 23 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Earnings (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Sep. 28, 2011
Sep. 29, 2010
Sep. 30, 2009
Restaurant Operations:      
Net sales $ 694,378 $ 663,524 $ 622,944
Franchise fees 8,600 5,909 4,098
Other revenue 2,425 2,213 1,694
Total 705,403 671,646 628,736
Investment Management Operations:      
Management fee income 224 233 0
Consolidated Affiliated Partnerships:      
Investment gains/losses 3,135 1,837 0
Other income 438 65 0
Total 3,797 2,135 0
Total net revenues 709,200 673,781 628,736
Costs and expenses      
Cost of sales 192,645 179,633 165,853
Restaurant operating costs 331,262 321,937 322,738
General and administrative 48,404 41,553 36,671
Depreciation and amortization 28,361 29,258 31,369
Marketing 38,476 34,835 33,304
Rent 16,891 16,627 15,929
Pre-opening costs 89 0 0
Asset impairments and provision for restaurant closings 1,032 353 2,645
Loss on disposal of assets 702 126 151
Other operating (income) expense (1,157) (558) (843)
Total costs and expenses, net 656,705 623,764 607,817
Other income (expense)      
Interest, dividend and other investment income 742 383 0
Interest on obligations under leases (10,565) (11,125) (11,010)
Interest expense (2,811) (1,859) (2,726)
Realized investment gains/losses 7,360 3,802 9
Derivative and short sale gains/losses 610 222 0
Total other income (expense) (4,664) (8,577) (13,727)
Earnings before income taxes 47,831 41,440 7,192
Income taxes 13,867 12,019 1,163
Net earnings 33,964 29,421 6,029
Earnings attributable to noncontrolling interest 0 (10) (31)
Earnings attributable to redeemable noncontrolling interests:      
Income allocation (1,909) (1,317) 0
Incentive fee 2,510 0 0
Total earnings/loss attributable to redeemable noncontrolling interests 601 (1,317) 0
Net earnings attributable to Biglari Holdings Inc. $ 34,565 $ 28,094 $ 5,998
Earnings per share attributable to Biglari Holdings Inc.      
Basic earnings per common and common equivalent share $ 25.99 $ 20.11 $ 4.21
Diluted earnings per common and common equivalent share $ 25.86 $ 19.99 $ 4.2
Weighted average shares and equivalents      
Basic 1,329,745 1,396,892 1,424,178
Diluted 1,336,693 1,405,375 1,429,549