XML 47 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Income (unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Segment Revenues:        
Franchise revenues $ 102,674 $ 97,679 $ 313,542 $ 300,782
Company restaurant sales 79,572 131,618 274,259 420,955
Rental revenues 30,920 31,163 92,096 95,003
Financing revenues 3,152 4,021 11,394 16,279
Total segment revenues 216,318 264,481 691,291 833,019
Segment Expenses:        
Franchise expenses 27,148 25,006 81,126 78,656
Company restaurant expenses 68,541 113,976 232,298 363,021
Rental expenses 24,237 24,521 73,075 73,734
Financing expenses 15 425 1,586 6,001
Total segment expenses 119,941 163,928 388,085 521,412
Gross segment profit 96,377 100,553 303,206 311,607
General and administrative expenses 48,737 38,733 125,608 115,152
Interest expense 28,896 32,170 88,767 101,343
Impairment and closure charges 420 193 1,264 26,947
Amortization of intangible assets 3,072 3,075 9,222 9,225
(Gain) loss on disposition of assets (73,650) 1,176 (89,642) (21,287)
Loss on extinguishment of debt 2,306 0 4,917 [1] 7,885 [1]
Debt modification costs 0 (21) 0 4,103
Income before income taxes 86,596 25,227 163,070 68,239
Provision for income taxes (26,023) (8,702) (54,215) (21,667)
Net income 60,573 16,525 108,855 46,572
Other comprehensive income:        
Adjustment to unrealized loss on available-for-sale investments 0 0 140 0
Foreign currency translation adjustment 5 (50) 4 (30)
Total comprehensive income 60,578 16,475 108,999 46,542
Net income available to common stockholders:        
Net income 60,573 16,525 108,855 46,572
Less: Accretion of Series B Preferred Stock (688) (647) (2,033) (1,915)
Less: Net income allocated to unvested participating restricted stock (1,187) (359) (2,477) (1,212)
Net income available to common stockholders $ 58,698 $ 15,519 $ 104,345 $ 43,445
Net income available to common stockholders per share:        
Basic $ 3.26 $ 0.86 $ 5.84 $ 2.43
Diluted $ 3.14 $ 0.85 $ 5.66 $ 2.38
Weighted average shares outstanding:        
Basic 18,006 17,968 17,859 17,912
Diluted 18,924 18,243 18,801 18,268
[1] Including write-off of the discount and deferred financing costs related to the debt retired.