Quarterly Financial Information (Tables)

12 Months Ended

Aug. 26, 2020

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information

The following tables summarize quarterly unaudited financial information for fiscal 2020 and 2019.

	Quarter Ended
	August 26, 2020			June 3, 2020			March 11, 2020			December 18, 2019
	(84 days)			(84 days)			(84 days)			(112 days)
	(In thousands, except per share data)
Restaurant sales	$	25,729		$	13,832		$	60,392		$	83,558
Franchise revenue	576			193			1,158			1,707
Culinary contract services	5,012			4,963			6,998			9,774
Vending revenue	—			6			14			110
Total sales	$	31,317		$	18,994		$	68,562		$	95,149
Income (loss) from continuing operations	7,674			(24,972)			(3,796)			(8,327)
Loss from discontinued operations	(5)			(7)			(6)			(11)
Net income (loss)	$	7,669		$	(24,979)		$	(3,802)		$	(8,338)
Net income (loss) per share:
Basic	$	0.25		$	(0.82)		$	(0.13)		$	(0.28)
Assuming dilution	$	0.25		$	(0.82)		$	(0.13)		$	(0.28)
Costs and Expenses (as a percentage of restaurant sales)
Cost of food	27.7		%	29.2		%	28.8		%	28.7		%
Payroll and related costs	32.8		%	39.7		%	39.4		%	38.5		%
Other operating expenses	23.2		%	41.7		%	16.7		%	17.7		%
Occupancy costs	10.3		%	26.7		%	6.3		%	6.0		%

Results for the quarter ended August 26, 2020 includes:

(1) $4.3 million net gain in Provision for asset impairments and store closings is due to the termination of 17 leases for locations where we permanently ceased operations and negotiated buyouts of the leases.

(2) $8.7 million net gain on disposition of property and equipment, primarily due to the gain on the sale of five properties previously held for sale and one property previously held for use, partially offset by routine asset retirements.     

	Quarter Ended
	August 28, 2019			June 5, 2019			March 13, 2019			December 19, 2018
	(84 days)			(84 days)			(84 days)			(112 days)
	(In thousands, except per share data)
Restaurant sales	$	62,434		$	65,611		$	65,370		$	91,098
Franchise revenue	1,563			1,482			1,421			2,224
Culinary contract services	7,278			7,571			7,543			9,496
Vending revenue	88			102			90			99
Total sales	$	71,363		$	74,766		74,424			$	102,917
Income (loss) from continuing operations	(9,081)			(5,295)			6,640			(7,483)
Income (loss) from discontinued operations	12			(6)			(8)			(5)
Net income (loss)	$	(9,069)		$	(5,301)		$	6,632		$	(7,488)
Net income (loss) per share:
Basic	$	(0.30)		$	(0.18)		$	0.22		$	(0.25)
Assuming dilution	$	(0.30)		$	(0.18)		$	0.22		$	(0.25)
Costs and Expenses (as a percentage of restaurant sales)
Cost of food	28.5		%	28.2		%	27.8		%	27.5		%
Payroll and related costs	38.8		%	38.1		%	37.8		%	37.9		%
Other operating expenses	18.4		%	17.5		%	17.5		%	18.1		%
Occupancy costs	6.5		%	6.1		%	6.4		%	6.4		%