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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jul. 04, 2021
Jun. 28, 2020
Jul. 04, 2021
Jun. 28, 2020
Revenues        
Franchise rental income $ 60,868 $ 56,857 $ 119,744 $ 114,713
Revenues 493,337 402,306 953,540 807,266
Costs and expenses        
Cost of sales 154,154 140,626 311,004 290,625
Franchise support and other costs 8,885 5,454 16,571 13,467
Franchise rental expense 34,068 31,297 66,634 60,598
Advertising funds expense 107,875 81,317 202,113 161,305
General and administrative 63,114 48,592 115,736 100,231
Depreciation and amortization 30,761 34,714 62,303 65,760
System optimization gains, net (30,766) (1,987) (31,282) (2,310)
Reorganization and realignment costs 2,102 2,911 7,036 6,821
Impairment of long-lived assets 630 117 1,265 4,704
Other operating income, net (4,232) (1,396) (7,708) (3,328)
Costs and expenses 366,591 341,645 743,672 697,873
Operating profit 126,746 60,661 209,868 109,393
Interest expense, net (28,204) (29,085) (56,990) (57,610)
Loss on early extinguishment of debt (17,917) 0 (17,917) 0
Other income (expense), net 161 (144) 290 932
Income before income taxes 80,786 31,432 135,251 52,715
Provision for income taxes (15,062) (6,528) (28,161) (13,370)
Net income $ 65,724 $ 24,904 $ 107,090 $ 39,345
Earnings per share        
Earnings Per Share, Basic $ 0.30 $ 0.11 $ 0.48 $ 0.18
Earnings Per Share, Diluted $ 0.29 $ 0.11 $ 0.47 $ 0.17
Sales        
Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax $ 193,525 $ 164,217 $ 382,582 $ 331,015
Franchise royalty revenue and fees        
Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax 136,661 103,120 259,491 204,825
Advertising funds revenue        
Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax $ 102,283 $ 78,112 $ 191,723 $ 156,713