XML 29 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Comprehensive (Loss) Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues:      
Rental revenues $ 121,934 $ 121,437 $ 123,037
Total revenues 780,931 731,725 787,566
Cost of revenues:      
Total franchise expenses 330,619 293,986 293,500
Rental expenses 90,756 90,592 91,540
Financing expenses 597 598 155
Company restaurant expenses 5,872 7,838 18,224
Total cost of revenues 427,844 393,014 403,419
Gross profit 353,087 338,711 384,147
Impairment of goodwill and intangible assets 0 531,634 0
General and administrative expenses 166,683 165,679 148,935
Interest expense 61,686 61,979 61,479
Amortization of intangible assets 10,105 10,009 9,981
Closure and other impairment charges 2,107 3,968 5,092
Debt refinancing costs 2,523 0 0
(Gain) loss on disposition of assets (625) (6,249) 809
Income (loss) before income tax (provision) benefit 110,608 (428,309) 157,851
Income tax (provision) benefit (30,254) 85,559 (56,849)
Net income (loss) 80,354 (342,750) 101,002
Other comprehensive income (loss), net of tax:      
Adjustment to unrealized loss on available-for-sale investments 50 0 0
Foreign currency translation adjustment (5) 2 0
Total comprehensive income (loss) 80,399 (342,748) 101,002
Net income (loss) available to common stockholders:      
Net income (loss) 80,354 (342,750) 101,002
Less: net (income) loss allocated to unvested participating restricted stock (2,711) 6,768 (1,430)
Net income (loss) available to common stockholders $ 77,643 $ (335,982) $ 99,572
Net income (loss) available to common stockholders per share:      
Basic (USD per share) $ 4.43 $ (18.96) $ 5.52
Diluted (USD per share) $ 4.37 $ (18.96) $ 5.49
Weighted average shares outstanding:      
Basic (shares) 17,533 17,725 18,030
Diluted (shares) 17,789 17,740 18,125
Dividends declared per common share (USD per share) $ 2.52 $ 3.88 $ 3.73
Dividends paid per common share (USD per share) $ 2.86 $ 3.88 $ 3.68
Franchisor [Member]      
Revenues:      
Revenue from contract with customer, excluding assessed tax $ 643,934 $ 594,418 $ 637,971
Franchisor - Royalties, franchise fees, and other [Member]      
Revenues:      
Revenue from contract with customer, excluding assessed tax 375,640 360,253 377,855
Franchisor - Advertising Revenue [Member]      
Revenues:      
Revenue from contract with customer, excluding assessed tax 268,294 234,165 260,116
Financial Service [Member]      
Revenues:      
Revenue from contract with customer, excluding assessed tax 7,979 8,352 9,191
Food and Beverage [Member]      
Revenues:      
Revenue from contract with customer, excluding assessed tax 7,084 7,518 17,367
Advertising [Member]      
Revenues:      
Revenue from contract with customer, excluding assessed tax 268,294 234,165 260,116
Cost of revenues:      
Total franchise expenses 269,590 243,096 260,116
Franchise [Member]      
Cost of revenues:      
Total franchise expenses $ 61,029 $ 50,890 $ 33,384