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Consolidated Statements of Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Rental revenues $ 27,382 $ 23,707 $ 53,524 $ 52,716
Total revenues 233,619 109,712 437,818 316,596
Cost of revenues:        
Franchise expenses 79,257 37,080 144,200 106,530
Company restaurant expenses 34,759 21,139 67,643 51,471
Interest expense from finance leases 893 1,137 1,855 2,347
Other rental expenses 19,718 20,106 39,714 41,429
Total rental expenses 20,611 21,243 41,569 43,776
Financing expenses 115 128 243 270
Total cost of revenues 134,742 79,590 253,655 202,047
Gross profit 98,877 30,122 184,163 114,549
General and administrative expenses 39,276 30,870 79,187 68,478
Interest expense, net 15,739 17,127 32,235 32,299
Impairment and closure charges 2,571 124,365 4,581 124,353
Amortization of intangible assets 2,663 2,755 5,351 5,581
(Gain) loss on disposition of assets (30) 1,776 137 1,543
Income before income taxes 38,658 (146,771) 62,672 (117,705)
Income tax (provision) benefit (9,296) 11,992 (7,707) 5,254
Net income (loss) 29,362 (134,779) 54,965 (112,451)
Other comprehensive income net of tax:        
Foreign currency translation adjustment (1) 0 (2) 0
Total comprehensive income (loss) 29,361 (134,779) 54,963 (112,451)
Net income (loss) available to common stockholders:        
Net income (loss) 29,362 (134,779) 54,965 (112,451)
Less: Net income allocated to unvested participating restricted stock (657) 0 (1,431) (420)
Net income (loss) available to common stockholders $ 28,705 $ (134,779) $ 53,534 $ (112,871)
Net income (loss) available to common stockholders per share:        
Basic (USD per share) $ 1.70 $ (8.33) $ 3.21 $ (6.96)
Diluted (USD per share) $ 1.69 $ (8.33) $ 3.19 $ (6.96)
Weighted average shares outstanding:        
Basic (in shares) 16,886 16,177 16,673 16,215
Diluted (in shares) 16,977 16,177 16,802 16,215
Franchise revenues        
Revenues:        
Revenue from contract with customer $ 166,954 $ 67,876 $ 307,930 $ 212,913
Royalties, franchise fees and other        
Revenues:        
Revenue from contract with customer 94,630 38,781 174,721 122,095
Advertising revenues        
Revenues:        
Revenue from contract with customer 72,324 29,095 133,209 90,818
Company restaurant sales        
Revenues:        
Revenue from contract with customer 38,194 16,774 74,143 48,074
Financing revenues        
Revenues:        
Revenue from contract with customer 1,089 1,355 2,221 2,893
Advertising fees        
Revenues:        
Revenue from contract with customer 72,324 29,095 133,209 90,818
Cost of revenues:        
Franchise expenses 72,324 29,095 133,209 90,818
Bad debt (credit) expense        
Cost of revenues:        
Franchise expenses (291) 5,053 (2,284) 5,571
Other franchise expenses        
Cost of revenues:        
Franchise expenses $ 7,224 $ 2,932 $ 13,275 $ 10,141