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Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Franchise revenues $ 151,941 $ 153,064 $ 307,254 $ 307,789
Rental revenues 30,324 30,124 61,165 60,589
Financing revenues 2,206 2,088 4,215 4,219
Company restaurant sales 0 3,378 0 7,518
Total revenues 184,471 188,654 372,634 380,115
Cost of revenues:        
Franchise expenses 82,944 69,522 164,816 139,689
Rental expenses 22,788 22,681 45,429 45,347
Financing expenses 149 0 299 0
Company restaurant expenses 0 3,447 0 7,790
Total cost of revenues 105,881 95,650 210,544 192,826
Gross profit 78,590 93,004 162,090 187,289
General and administrative expenses 38,759 37,366 80,670 87,671
Interest expense 15,481 15,780 30,680 31,143
Closure and impairment (credits) charges (2,702) 2,701 (98) 2,918
Amortization of intangible assets 2,506 2,500 5,008 5,000
Gain on disposition of assets (50) (6,243) (1,477) (6,352)
Income before income tax provision 24,596 40,900 47,307 66,909
Income tax provision (11,883) (18,793) (17,521) (29,207)
Net income 12,713 22,107 29,786 37,702
Other comprehensive (loss) income, net of tax:        
Adjustment to unrealized loss on available-for-sale investments 0 0 50 0
Foreign currency translation adjustment (3) 0 (6) 0
Total comprehensive income 12,710 22,107 29,830 37,702
Net income available to common stockholders:        
Net income 12,713 22,107 29,786 37,702
Less: Net income allocated to unvested participating restricted stock (428) (356) (1,000) (635)
Net income available to common stockholders - basic $ 12,285 $ 21,751 $ 28,786 $ 37,067
Net income available to common stockholders per share:        
Basic (USD per share) $ 0.70 $ 1.23 $ 1.63 $ 2.09
Diluted (USD per share) $ 0.69 $ 1.23 $ 1.61 $ 2.09
Weighted average shares outstanding:        
Basic (in shares) 17,544 17,719 17,623 17,707
Diluted (in shares) 17,803 17,725 17,827 17,721
Dividends declared per common share (USD per share) $ 0.63 $ 0.97 $ 1.26 $ 1.94
Dividends paid per common share (USD per share) $ 0.63 $ 0.97 $ 1.60 $ 1.94