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Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues:    
Rental revenues $ 30,711 $ 30,841
Total revenues 237,182 188,163
Cost of revenues:    
Franchise expenses: 80,303 81,872
Company restaurant expenses 31,538 0
Interest expense from finance leases 1,529 1,877
Other rental expenses 21,095 20,764
Rental expenses: 22,624 22,641
Financing expenses 146 150
Total cost of revenues 134,611 104,663
Gross profit 102,571 83,500
General and administrative expenses 42,819 41,911
Interest expense, net 15,393 15,199
Amortization of intangible assets 2,924 2,502
Closure and impairment charges 194 2,604
Loss (gain) on disposition of assets 109 (1,427)
Income before income tax provision 41,132 22,711
Income tax provision (9,489) (5,638)
Net income 31,643 17,073
Other comprehensive income (loss) net of tax:    
Adjustment to unrealized loss on available-for-sale investments 0 50
Foreign currency translation adjustment (1) (3)
Total comprehensive income 31,642 17,120
Net income available to common stockholders:    
Net income 31,643 17,073
Less: Net income allocated to unvested participating restricted stock (1,111) (568)
Net income available to common stockholders - basic $ 30,532 $ 16,505
Net income available to common stockholders per share:    
Basic (USD per share) $ 1.76 $ 0.93
Diluted (USD per share) $ 1.73 $ 0.92
Weighted average shares outstanding:    
Basic (in shares) 17,343 17,703
Diluted (in shares) 17,690 17,845
Dividends declared per common share (USD per share) $ 0.69 $ 0.63
Dividends paid per common share (USD per share) $ 0.63 $ 0.97
Franchise revenues    
Revenues:    
Revenue from contract with customer, excluding assessed Tax $ 168,926 $ 155,313
Royalties, franchise fees and other    
Revenues:    
Revenue from contract with customer, excluding assessed Tax 96,296 91,477
Advertising revenue    
Revenues:    
Revenue from contract with customer, excluding assessed Tax 72,630 63,836
Company restaurant sales    
Revenues:    
Revenue from contract with customer, excluding assessed Tax 35,735 0
Financing revenues    
Revenues:    
Revenue from contract with customer, excluding assessed Tax 1,810 2,009
Advertising fees    
Revenues:    
Revenue from contract with customer, excluding assessed Tax 72,630 63,836
Cost of revenues:    
Franchise expenses: 72,630 63,836
Other franchise expenses    
Cost of revenues:    
Franchise expenses: $ 7,673 $ 18,036