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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Oct. 02, 2022
Oct. 03, 2021
Oct. 02, 2022
Oct. 03, 2021
Revenues:        
Franchise rental income $ 58,463 $ 62,446 $ 174,944 $ 182,190
Revenues 532,569 470,255 1,558,995 1,423,795
Costs and expenses:        
Cost of sales 196,168 146,436 578,506 457,440
Franchise support and other costs 12,728 10,509 34,456 27,080
Franchise rental expense 31,687 34,424 92,699 101,058
Advertising funds expense 108,269 108,529 317,042 310,642
General and administrative 62,523 62,840 186,506 178,576
Depreciation and amortization (exclusive of amortization of cloud computing arrangements shown separately below) 34,252 30,940 100,911 93,243
Amortization of cloud computing arrangements 888 0 888 0
System optimization gains, net (452) (1,437) (4,138) (32,719)
Reorganization and realignment costs 8 345 628 7,381
Impairment of long-lived assets 206 566 2,682 1,831
Other operating income, net (11,843) (3,092) (20,482) (10,800)
Costs and expenses 434,434 390,060 1,289,698 1,133,732
Operating profit 98,135 80,195 269,297 290,063
Interest expense, net (31,916) (26,000) (90,406) (82,990)
Loss on early extinguishment of debt 0 0 0 (17,917)
Investment income, net 0 0 2,107 6
Other income, net 2,910 171 4,355 455
Income before income taxes 69,129 54,366 185,353 189,617
Provision for income taxes (18,587) (13,195) (49,258) (41,356)
Net income $ 50,542 $ 41,171 $ 136,095 $ 148,261
Net income per share:        
Basic $ 0.24 $ 0.19 $ 0.64 $ 0.67
Diluted $ 0.24 $ 0.18 $ 0.63 $ 0.66
Sales        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax $ 228,786 $ 171,078 $ 668,930 $ 553,660
Franchise royalty revenue and fees        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax 141,733 138,755 414,145 398,246
Advertising funds revenue        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax $ 103,587 $ 97,976 $ 300,976 $ 289,699