XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 03, 2022
Jul. 04, 2021
Jul. 03, 2022
Jul. 04, 2021
Revenue:        
Revenue $ 79,938 $ 45,520 $ 144,122 $ 82,839
Costs and expenses:        
Food and beverage costs 22,820 11,932 41,177 21,989
Labor and benefits costs 24,348 12,429 43,734 22,683
Operating expenses 19,675 11,594 36,914 21,843
Depreciation and amortization expenses 2,238 1,433 4,661 2,985
General and administrative expenses 5,745 4,544 11,036 8,582
National advertising fund expenses 547 421 1,037 749
Asset impairment, estimated lease termination charges and other closing costs, net 16 25 425 37
Pre-opening expenses 86 92 151 120
Loss (gain) on disposal of property, net (30) 143 14 135
Total costs and expenses 75,445 42,613 139,149 79,123
Income from operations 4,493 2,907 4,973 3,716
Other income (expense):        
Interest expense (167) (261) (287) (315)
Interest income 2 74 10 98
Gain upon debt extinguishment 0 14,109 0 14,109
Gain on bargain purchase 159 0 197 0
Other gain 667 0 667 0
Total other income 661 13,922 587 13,892
Income before income taxes 5,154 16,829 5,560 17,608
Income tax expense (985) (399) (744) (481)
Net income 4,169 16,430 4,816 17,127
Net (income) loss attributable to non-controlling interest 10 (644) 130 (542)
Net income attributable to shareholders $ 4,179 $ 15,786 $ 4,946 $ 16,585
Income per common share:        
Basic net income per share (dollars per share) $ 0.39 $ 1.70 $ 0.46 $ 1.79
Diluted net income per share (dollars per share) $ 0.39 $ 1.64 $ 0.46 $ 1.73
Basic weighted average shares outstanding (shares) 10,756 9,304 10,654 9,256
Diluted weighted average shares outstanding (shares) 10,853 9,615 10,755 9,567
Restaurant sales, net        
Revenue:        
Revenue $ 74,625 $ 41,205 $ 133,356 $ 74,808
Deferred franchise fees        
Revenue:        
Revenue 3,900 2,946 7,507 5,320
Franchisee national advertising fund contributions        
Revenue:        
Revenue 547 421 1,037 749
Licensing and other revenue        
Revenue:        
Revenue $ 866 $ 948 $ 2,222 $ 1,962