XML 55 R27.htm IDEA: XBRL DOCUMENT v3.19.2
Segments (Tables)
6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Schedule of segment reporting information by segment Information on segments is as follows:
 
 
Three months ended June 30,
 
Six months ended June 30,
 
 
2019
 
2018
 
2019
 
2018
 
 
(In millions)
Revenues from external customers:
 
 

 
 

 
 
 
 
Franchise operations
 
$
162.7

 
$
151.9

 
$
331.6

 
$
307.2

Rental operations
 
29.9

 
30.4

 
60.6

 
61.2

Company restaurants
 
33.7

 

 
69.5

 

Financing operations
 
1.8

 
2.2

 
3.6

 
4.2

Total
 
$
228.1

 
$
184.5

 
$
465.3

 
$
372.6

 
 
 
 
 
 
 
 
 
Interest expense:
 
 

 
 

 
 
 
 
Rental operations
 
$
1.9

 
$
2.3

 
$
4.3

 
$
4.8

Company restaurants
 
0.5

 

 
1.1

 

Corporate
 
14.6

 
15.5

 
30.0

 
30.7

Total
 
$
17.0

 
$
17.8

 
$
35.4

 
$
35.5

 
 
 
 
 
 
 
 
 
Depreciation and amortization:
 
 

 
 

 
 
 
 
Franchise operations
 
$
2.6

 
$
2.7

 
$
5.1

 
$
5.3

Rental operations
 
3.4

 
2.9

 
6.9

 
$
5.8

Company restaurants
 
1.8

 

 
3.1

 

Corporate
 
2.8

 
2.3

 
5.7

 
4.7

Total
 
$
10.6

 
$
7.9

 
$
20.8

 
$
15.8

 
 
 
 
 
 
 
 
 
Gross profit, by segment:
 
 

 
 

 
 
 
 
Franchise operations
 
$
83.8

 
$
69.0

 
$
172.4

 
$
142.4

Rental operations
 
7.0

 
7.6

 
15.0

 
15.8

Company restaurants
 
2.5

 

 
6.7

 

Financing operations
 
1.6

 
2.0

 
3.3

 
3.9

Total gross profit
 
94.9

 
78.6

 
197.4

 
162.1

Corporate and unallocated expenses, net
 
(65.8
)
 
(54.0
)
 
(127.2
)
 
(114.8
)
Income before income tax provision
 
$
29.1

 
$
24.6

 
$
70.2

 
$
47.3