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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 27, 2020
Sep. 29, 2019
Sep. 27, 2020
Sep. 29, 2019
Revenues        
Franchise rental income $ 58,721 $ 59,918 $ 173,434 $ 176,931
Revenues 452,242 437,880 1,259,508 1,281,811
Costs and expenses        
Cost of sales 159,545 152,425 450,170 446,096
Franchise support and other costs 5,960 9,739 19,427 19,823
Franchise rental expense 32,426 32,364 93,024 92,842
Advertising funds expense 92,048 87,883 253,353 257,031
General and administrative 47,322 46,169 147,553 146,266
Depreciation and amortization 32,966 33,306 98,726 97,975
System optimization gains, net (23) (1,040) (2,333) (1,162)
Reorganization and realignment costs 3,375 403 10,196 4,771
Impairment of long-lived assets 23 0 4,727 1,684
Other operating income, net (2,748) (2,392) (6,076) (9,377)
Costs and expenses 370,894 358,857 1,068,767 1,055,949
Operating profit 81,348 79,023 190,741 225,862
Interest expense, net (29,086) (27,930) (86,696) (86,943)
Loss on early extinguishment of debt 0 0 0 (7,150)
Other income, net 181 2,218 1,113 7,165
Income before income taxes 52,443 53,311 105,158 138,934
Provision for income taxes (12,690) (7,184) (26,060) (28,527)
Net income $ 39,753 $ 46,127 $ 79,098 $ 110,407
Earnings per share        
Earnings Per Share, Basic $ 0.18 $ 0.20 $ 0.35 $ 0.48
Earnings Per Share, Diluted $ 0.17 $ 0.20 $ 0.35 $ 0.47
Sales        
Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax $ 191,946 $ 181,977 $ 522,961 $ 530,724
Franchise royalty revenue and fees        
Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax 116,820 109,155 321,645 320,233
Advertising funds revenue        
Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax $ 84,755 $ 86,830 $ 241,468 $ 253,923