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Consolidated Statements of Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Rental revenues $ 29,207 $ 31,273 $ 87,080 $ 84,797
Total revenues 233,220 228,719 701,437 666,537
Cost of revenues:        
Franchise expenses 80,264 75,669 240,565 219,869
Bad debt credit (77) (1,962) (523) (4,246)
Company restaurant expenses 36,513 33,867 111,802 101,510
Interest expense from finance leases 740 822 2,254 2,677
Other rental expenses 21,268 23,645 63,720 63,359
Total rental expenses 22,008 24,467 65,974 66,036
Financing expenses 104 113 317 356
Total cost of revenues 138,889 134,116 418,658 387,771
Gross profit 94,331 94,603 282,779 278,766
General and administrative expenses 46,335 43,704 131,946 122,891
Interest expense, net 15,300 15,712 46,192 47,922
Closure and impairment charges 1,636 443 3,093 5,024
Amortization of intangible assets 2,664 2,664 7,994 8,015
Loss on extinguishment of debt 1,161 9 1,161 34
(Gain) loss on disposition of assets (1,502) 1,299 (3,032) 1,436
Income before income taxes 28,737 30,772 95,425 93,444
Income tax provision (7,789) (7,661) (25,665) (15,368)
Net income 20,948 23,111 69,760 78,076
Other comprehensive income, net of tax:        
Foreign currency translation adjustment (5) (2) (9) (4)
Total comprehensive income 20,943 23,109 69,751 78,072
Net income available to common stockholders:        
Net income 20,948 23,111 69,760 78,076
Less: Net income allocated to unvested participating restricted stock (575) (502) (1,852) (1,920)
Net income available to common stockholders $ 20,373 $ 22,609 $ 67,908 $ 76,156
Net income available to common stockholders per share:        
Basic (USD per share) $ 1.32 $ 1.34 $ 4.23 $ 4.55
Diluted (USD per share) $ 1.32 $ 1.33 $ 4.22 $ 4.52
Weighted average shares outstanding:        
Basic (in shares) 15,377 16,911 16,049 16,752
Diluted (in shares) 15,403 16,971 16,079 16,858
Franchise Revenue:        
Revenues:        
Revenue from contract with customer $ 164,907 $ 161,126 $ 494,398 $ 469,056
Royalties, franchise fees and other        
Revenues:        
Revenue from contract with customer 93,215 90,417 277,712 265,138
Advertising revenues        
Revenues:        
Revenue from contract with customer 71,692 70,709 216,686 203,918
Company restaurant sales        
Revenues:        
Revenue from contract with customer 38,248 35,275 117,175 109,418
Financing revenues        
Revenues:        
Revenue from contract with customer 858 1,045 2,784 3,266
Advertising fees        
Revenues:        
Revenue from contract with customer 71,692 70,709 216,686 203,918
Cost of revenues:        
Franchise expenses 71,692 70,709 216,686 203,918
Other franchise expenses        
Cost of revenues:        
Franchise expenses $ 8,649 $ 6,922 $ 24,402 $ 20,197