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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2015
Sep. 24, 2014
Sep. 25, 2013
Earnings attributable to redeemable noncontrolling interest:          
Net earnings (loss) attributable to Biglari Holdings Inc. $ 91,050   $ (15,843) $ 28,804 $ 140,271
Consolidated          
Revenues:          
Restaurant operations 215,648 $ 204,442 819,738 778,155 751,919
Insurance premiums and other 3,574 0 17,232 5,715 0
Media advertising and other 5,228 0 24,482 9,941 0
Other 0 0 0 0 3,903
Total 224,450 204,442 861,452 793,811 755,822
Costs and expenses          
Restaurant cost of sales 168,107 157,673 629,287 602,507 583,003
Insurance losses and underwriting expenses 2,668 0 13,362 4,254 0
Media cost of sales 9,261 0 35,614 19,399 0
Selling general and administrative 30,847 31,630 135,132 128,472 126,835
Depreciation and amortization 6,828 6,566 24,780 24,905 25,250
Total costs and expenses, net 217,711 195,869 838,175 779,537 735,088
Other income (expenses)          
Interest and dividends 8 586 9 1,182 8,265
Interest expense (3,272) (1,641) (11,939) (10,299) (6,551)
Interest on obligations under leases (2,577) (2,612) (9,422) (9,720) (9,829)
Gain on sale of Biglari Capital Corp 0 0 0 0 1,597
Investment gains (including contributions) 0 0 0 29,524 182,177
Investment partnership (losses) gains 144,702 23,493 (39,356) 14,055 20,068
Total other income (expenses) 138,861 19,826 (60,708) 24,742 195,727
Earnings (loss) before income taxes 145,600 28,399 (37,431) 39,016 216,461
Income tax (benefit) expense 54,550 9,450 (21,588) 10,212 74,289
Net earnings (loss) 91,050 18,949 (15,843) 28,804 142,172
Less: Earnings attributable to noncontrolling interest 0 0 0 0 (1,901)
Earnings attributable to redeemable noncontrolling interest:          
Net earnings (loss) attributable to Biglari Holdings Inc. $ 91,050 $ 18,949 $ (15,843) $ 28,804 $ 140,271
Earnings (loss) per share          
Basic earnings (loss) per common share $ 48.49 $ 11.05 $ (10.18) $ 16.85 $ 90.89
Diluted earnings (loss) per common share $ 48.45 $ 11.03 $ (10.18) $ 16.82 $ 90.69
Weighted average shares and equivalents          
Basic 1,877,723 1,714,727 1,556,039 1,709,621 1,543,370
Diluted 1,879,414 1,718,261 1,556,039 1,712,775 1,546,665