XML 13 R3.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Oct. 03, 2021
Sep. 27, 2020
Oct. 03, 2021
Sep. 27, 2020
Revenues        
Franchise rental income $ 62,446 $ 58,721 $ 182,190 $ 173,434
Revenues 470,255 452,242 1,423,795 1,259,508
Costs and expenses        
Cost of sales 146,436 159,545 457,440 450,170
Franchise support and other costs 10,509 5,960 27,080 19,427
Franchise rental expense 34,424 32,426 101,058 93,024
Advertising funds expense 108,529 92,048 310,642 253,353
General and administrative 62,840 47,322 178,576 147,553
Depreciation and amortization 30,940 32,966 93,243 98,726
System optimization gains, net (1,437) (23) (32,719) (2,333)
Reorganization and realignment costs 345 3,375 7,381 10,196
Impairment of long-lived assets 566 23 1,831 4,727
Other operating income, net (3,092) (2,748) (10,800) (6,076)
Costs and expenses 390,060 370,894 1,133,732 1,068,767
Operating profit 80,195 81,348 290,063 190,741
Interest expense, net (26,000) (29,086) (82,990) (86,696)
Loss on early extinguishment of debt 0 0 (17,917) 0
Other income, net 171 181 461 1,113
Income before income taxes 54,366 52,443 189,617 105,158
Provision for income taxes (13,195) (12,690) (41,356) (26,060)
Net income $ 41,171 $ 39,753 $ 148,261 $ 79,098
Earnings per share        
Earnings Per Share, Basic $ 0.19 $ 0.18 $ 0.67 $ 0.35
Earnings Per Share, Diluted $ 0.18 $ 0.17 $ 0.66 $ 0.35
Sales        
Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax $ 171,078 $ 191,946 $ 553,660 $ 522,961
Franchise royalty revenue and fees        
Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax 138,755 116,820 398,246 321,645
Advertising funds revenue        
Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax $ 97,976 $ 84,755 $ 289,699 $ 241,468