Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2020

Information on segments and a reconciliation of gross profit to income before income tax provision is as follows:


	Year Ended December 31,
	2020		2019		2018
Revenues			(In millions)
Franchise operations	$	469.5	$	651.2	$	643.9
Rental operations	105.9		120.7		121.9
Company restaurants	108.1		131.2		7.1
Financing operations	5.8		7.1		8.0
Total	$	689.3	$	910.2	$	780.9

Gross profit (loss), by segment
Franchise operations	$	230.5	$	338.4	$	313.3
Rental operations	16.4		29.9		31.2
Company restaurants	(3.5)		8.0		1.2
Financing operations	5.3		6.5		7.4
Total gross profit	248.7		382.8		353.1
Corporate and unallocated expenses, net	(357.3)		(244.3)		(242.5)
(Loss) income before income taxes	$	(108.6)	$	138.5	$	110.6

Interest expense
Rental operations	$	6.3	$	7.7	$	9.2
Company restaurants	2.7		2.1		0.1
Corporate	66.9		60.4		61.7
Total	$	75.9	$	70.2	$	71.0

Depreciation and amortization
Franchise operations	$	10.1	$	10.3	$	10.5
Rental operations	12.3		13.4		11.7
Company restaurants	7.0		6.4		0.4
Corporate	13.4		12.4		9.6
Total	$	42.8	$	42.5	$	32.2

Impairment of goodwill and intangible assets, closure and other impairment charges
Franchise operations	$	122.1	$	—	$	—
Company restaurants	10.5		1.5		2.1

Total	$	132.6	$	1.5	$	2.1

Capital expenditures
Franchise operations	$	—	$	0.6	$	—
Company restaurants	2.7		3.2		—
Corporate	8.2		15.6		14.3
Total	$	10.9	$	19.4	$	14.3

Goodwill (franchise segment)	$	251.6	$	343.9	$	345.3

Total assets
Franchise operations	$	997.7	$	1,116.2	$	1,152.1
Rental operations	451.5		503.8		255.6
Company restaurants	121.1		134.3		66.5
Financing operations	49.9		72.0		73.7
Corporate	454.7		223.2		226.8
Total	$	2,074.9	$	2,049.5	$	1,774.7