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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jul. 02, 2023
Jul. 03, 2022
Jul. 02, 2023
Jul. 03, 2022
Costs and expenses:        
Impairment and other lease charges (recoveries)     $ 2,941 $ 1,408
Income (loss) from continuing operations before taxes $ 4,211 $ (5,354) 2,034 (6,877)
Provision for income taxes 382 1,134 349 912
Income (loss) from continuing operations 3,829 (6,488) 1,685 (7,789)
Income from discontinued operations, net of tax 30 267 265 212
Net income (loss) $ 3,859 $ (6,221) $ 1,950 $ (7,577)
Earnings (loss) per common share:        
Continuing operations - basic (usd per share) $ 0.15 $ (0.26) $ 0.06 $ (0.31)
Discontinued operations - basic (usd per share) 0 0.01 0.01 0.01
Basic (usd per share) 0.15 (0.25) 0.07 (0.30)
Continuing operations - diluted (usd per share) 0.15 (0.26) 0.06 (0.31)
Discontinued operations - diluted (usd per share) 0 0.01 0.01 0.01
Diluted (usd per share) $ 0.15 $ (0.25) $ 0.07 $ (0.30)
Weighted average common shares outstanding:        
Basic (in shares) 25,566,740 24,946,674 25,493,415 24,889,650
Diluted (in shares) 25,566,740 24,946,674 25,493,415 24,889,650
Continuing Operations        
Revenues:        
Revenues $ 106,843 $ 98,487 $ 210,214 $ 194,096
Costs and expenses:        
Cost of sales 32,568 32,580 65,180 63,327
Restaurant wages and related expenses (including stock-based compensation expense of $0, $6, $4 and $13, respectively) 25,878 24,583 52,268 48,157
Restaurant rent expense 6,110 5,976 12,191 12,003
Other restaurant operating expenses 18,410 16,755 36,034 33,405
Advertising expense 3,116 3,245 6,312 6,109
General and administrative (including stock-based compensation expense of $638, $1,388, $1,233 and $2,011, respectively) 10,729 12,791 23,912 25,133
Depreciation and amortization 4,822 5,232 9,214 10,346
Impairment and other lease charges (recoveries) 685 2,110 2,941 1,408
Closed restaurant rent expense, net of sublease income 238 401 (46) 781
Other expense (income), net 157 83 172 134
Total operating expenses 102,713 103,756 208,178 200,803
Income (loss) from operations 4,130 (5,269) 2,036 (6,707)
Interest expense (income), net (81) 85 2 170
Restaurant sales | Continuing Operations        
Revenues:        
Revenues 106,637 98,023 209,701 193,223
Franchise royalty revenues and fees | Continuing Operations        
Revenues:        
Revenues $ 206 $ 464 $ 513 $ 873