XML 30 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 24, 2014
Sep. 30, 2015
Sep. 24, 2014
Revenue        
Company-operated restaurant revenue $ 82,986 $ 80,861 $ 251,295 $ 238,432
Franchise revenue 5,884 5,696 17,456 16,456
Total revenue 88,870 86,557 268,751 254,888
Cost of operations        
Food and paper cost 26,371 25,881 80,549 75,834
Labor and related expenses 20,822 20,137 63,493 59,552
Occupancy and other operating expenses 18,207 18,102 52,732 51,091
Company restaurant expenses 65,400 64,120 196,774 186,477
General and administrative expenses 6,316 7,509 20,206 20,974
Franchise expenses 925 901 2,620 2,827
Depreciation and amortization 3,278 2,924 9,624 8,271
Loss on disposal of assets 261 118 427 609
Asset impairment and closed-store reserves 163 22 24 415
Total expenses 76,343 75,594 229,675 219,573
Gain on sale of restaurants   2,658   2,658
Income from operations 12,527 13,621 39,076 37,973
Interest expense, net 810 3,960 3,035 15,286
Early extinguishment of debt   5,082   5,082
Expenses related to selling shareholders     50  
Income tax receivable agreement expense 546 40,119 1,022 40,119
Income (loss) before provision (benefit) for income taxes 11,171 (35,540) 34,969 (22,514)
Provision (benefit) for income taxes 6,505 (61,389) 16,281 (60,402)
Net income $ 4,666 $ 25,849 $ 18,688 $ 37,888
Net income per share        
Basic $ 0.12 $ 0.76 $ 0.49 $ 1.24
Diluted $ 0.12 $ 0.70 $ 0.48 $ 1.17
Weighted-average shares used in computing net income per share        
Basic 38,275,317 34,221,829 37,837,610 30,549,979
Diluted 39,107,241 36,821,095 39,044,388 32,450,231