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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 27, 2015
Sep. 28, 2014
Sep. 27, 2015
Sep. 28, 2014
Revenues:        
Sales $ 359,015 $ 393,444 $ 1,101,632 $ 1,219,166
Franchise revenues 105,614 103,226 304,300 292,033
Revenues 464,629 496,670 1,405,932 1,511,199
Costs and expenses:        
Cost of sales 291,524 332,645 911,757 1,031,151
General and administrative 63,683 65,173 184,152 201,217
Depreciation and amortization 36,420 34,873 111,300 113,451
System optimization losses (gains), net 98 368 [1] (14,751) (74,027) [1]
Reorganization and realignment costs 5,754 1,389 [2] 16,646 17,376 [2]
Impairment of long-lived assets 1,513 8,618 13,468 11,224
Other operating expense, net 9,698 9,360 25,202 18,120
Costs and expenses 408,690 452,426 1,247,774 1,318,512
Operating profit 55,939 44,244 158,158 192,687
Interest expense (27,938) (13,148) (57,882) (39,173)
Loss on early extinguishment of debt 0 0 (7,295) 0
Other income, net 214 371 725 1,748
Income from continuing operations before income taxes 28,215 31,467 93,706 155,262
Provision for income taxes (19,892) (10,334) (42,408) (61,793)
Income from continuing operations 8,323 21,133 51,298 93,469
Discontinued operations:        
(Loss) income from discontinued operations, net of income taxes (417) 1,697 9,171 4,671
(Loss) gain on disposal of discontinued operations, net of income taxes (322) 0 14,817 0
Net (loss) income from discontinued operations (739) 1,697 23,988 4,671
Net income $ 7,584 $ 22,830 $ 75,286 $ 98,140
Basic and diluted income (loss) per share:        
Continuing operations $ 0.03 $ 0.06 $ 0.15 $ 0.25
Discontinued operations 0.00 0.00 0.07 0.01
Net income 0.03 0.06 0.22 0.26
Dividends per share $ 0.055 $ 0.05 $ 0.165 $ 0.15
[1] Reclassifications have been made to the prior year presentation to include sales of restaurants previously reported in “Other operating expense, net” to conform to the current year presentation. Reclassifications have also been made to reflect the Bakery’s gain on sales of other assets as discontinued operations. See Note 1 for further details.
[2] Previously titled “Facilities action charges (income), net.”