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Consolidated Statements of Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Rental revenues $ 26,194 $ 28,970 $ 78,910 $ 89,559
Total revenues 176,643 217,405 493,239 682,667
Cost of revenues:        
Franchise expenses 60,635 74,577 167,165 233,787
Company restaurant expenses 28,303 30,361 79,774 93,131
Interest expense from finance leases 1,106 1,351 3,453 4,325
Other rental expenses 19,692 21,251 61,121 63,841
Rental expenses 20,798 22,602 64,574 68,166
Financing expenses 123 145 393 437
Total cost of revenues 109,859 127,685 311,906 395,521
Gross profit 66,784 89,720 181,333 287,146
General and administrative expenses 36,873 38,922 105,351 121,105
Interest expense, net 16,844 15,238 49,143 45,233
Impairment and closure charges 168 157 124,521 640
Amortization of intangible assets 2,659 2,925 8,240 8,774
Loss on extinguishment of debt 0 0 0 8,276
Loss on disposition of assets 1,087 746 2,630 1,187
Income (loss) before income taxes 9,153 31,732 (108,552) 101,931
Income tax benefit (provision) 865 (7,815) 6,119 (24,981)
Net income (loss) 10,018 23,917 (102,433) 76,950
Other comprehensive income (loss) net of tax:        
Foreign currency translation adjustment 2 (1) 2 0
Total comprehensive income (loss) 10,020 23,916 (102,431) 76,950
Net income (loss) available to common stockholders:        
Net (loss) income 10,018 23,917 (102,433) 76,950
Less: Net income allocated to unvested participating restricted stock (329) (795) (420) (2,621)
Net income available to common stockholders - basic $ 9,689 $ 23,122 $ (102,853) $ 74,329
Net income (loss) available to common stockholders per share:        
Basic (USD per share) $ 0.60 $ 1.38 $ (6.34) $ 4.35
Diluted (USD per share) $ 0.60 $ 1.36 $ (6.34) $ 4.27
Weighted average shares outstanding:        
Basic (in shares) 16,221 16,762 16,229 17,095
Diluted (in shares) 16,283 17,055 16,229 17,432
Franchise revenues        
Revenues:        
Revenue from contract with customer, excluding assessed tax $ 121,752 $ 156,200 $ 334,665 $ 487,794
Royalties, franchise fees and other        
Revenues:        
Revenue from contract with customer, excluding assessed tax 69,820 88,686 191,915 275,912
Advertising revenues        
Revenues:        
Revenue from contract with customer, excluding assessed tax 51,932 67,514 142,750 211,882
Company restaurant sales        
Revenues:        
Revenue from contract with customer, excluding assessed tax 27,353 30,548 75,427 100,034
Financing revenues        
Revenues:        
Revenue from contract with customer, excluding assessed tax 1,344 1,687 4,237 5,280
Advertising fees        
Revenues:        
Revenue from contract with customer, excluding assessed tax 51,932 67,514 142,750 211,882
Cost of revenues:        
Franchise expenses 51,932 67,514 142,750 211,882
Bad debt expense (credit)        
Cost of revenues:        
Franchise expenses 2,845 (662) 8,416 (1,254)
Other franchise expenses        
Cost of revenues:        
Franchise expenses $ 5,858 $ 7,724 $ 15,999 $ 23,159