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Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Franchise and restaurant revenues $ 126,989 $ 137,768 $ 256,775 $ 279,586
Rental revenues 30,830 31,132 62,239 62,534
Financing revenues 2,439 2,649 4,768 5,243
Total revenues 160,258 171,549 323,782 347,363
Cost of revenues:        
Franchise and restaurant expenses 39,707 51,423 80,576 103,449
Rental expenses 23,030 23,319 46,261 46,809
Financing expenses 146 0 146 12
Total cost of revenues 62,883 74,742 126,983 150,270
Gross profit 97,375 96,807 196,799 197,093
General and administrative expenses 36,511 34,577 75,935 68,807
Interest expense 15,383 15,677 30,749 31,323
Amortization of intangible assets 2,500 2,500 4,980 5,000
Closure and impairment charges, net 3,291 475 3,726 2,302
(Gain) loss on disposition of assets (48) 66 566 57
Income before income tax provision 39,738 43,512 80,843 89,604
Income tax provision (12,909) (16,615) (28,471) (34,295)
Net income 26,829 26,897 52,372 55,309
Other comprehensive income (loss), net of tax:        
Foreign currency translation adjustment 0 3 1 (12)
Total comprehensive income 26,829 26,900 52,373 55,297
Net income available to common stockholders:        
Net income 26,829 26,897 52,372 55,309
Less: Net income allocated to unvested participating restricted stock (384) (359) (766) (726)
Net income available to common stockholders $ 26,445 $ 26,538 $ 51,606 $ 54,583
Net income available to common stockholders per share:        
Basic (USD per share) $ 1.46 $ 1.41 $ 2.84 $ 2.90
Diluted (USD per share) $ 1.45 $ 1.40 $ 2.82 $ 2.88
Weighted average shares outstanding:        
Basic (in shares) 18,085 18,763 18,173 18,819
Diluted (in shares) 18,188 18,895 18,280 18,959
Dividends declared per common share (USD per share) $ 0.92 $ 0.875 $ 1.84 $ 1.75
Dividends paid per common share (USD per share) $ 0.92 $ 0.875 $ 1.84 $ 1.75