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Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Rental revenues $ 29,549 $ 31,951
Total revenues 206,235 213,767
Cost of revenues:    
Franchise expenses 86,473 87,366
Bad debt expense 183 923
Company restaurant expenses 299 1,079
Interest expense from finance leases 740 709
Other rental expenses 21,215 20,899
Total rental expenses 21,955 21,608
Financing expenses 84 98
Total cost of revenues 108,811 110,151
Gross profit 97,424 103,616
General and administrative expenses 52,187 51,087
Interest expense, net 18,072 14,709
Closure and impairment charges 634 467
Amortization of intangible assets 2,722 2,774
Gain on extinguishment of debt 0 (1,661)
(Gain) loss on disposition of assets (237) 71
Income before income taxes 24,046 36,169
Income tax provision (6,573) (8,759)
Net income 17,473 27,410
Other comprehensive (loss) income net of tax:    
Foreign currency translation adjustment (2) 1
Total comprehensive income 17,471 27,411
Net income available to common stockholders:    
Net income 17,473 27,410
Less: Net income allocated to unvested participating restricted stock (512) (679)
Net income available to common stockholders $ 16,961 $ 26,731
Net income available to common stockholders per share:    
Basic (USD per share) $ 1.13 $ 1.75
Diluted (USD per share) $ 1.13 $ 1.74
Weighted average shares outstanding:    
Basic (in shares) 14,980 15,304
Diluted (in shares) 14,980 15,339
Franchise Revenue:    
Revenues:    
Revenue from contract with customer $ 175,877 $ 179,962
Royalties, franchise fees and other    
Revenues:    
Revenue from contract with customer 100,616 102,925
Advertising revenues    
Revenues:    
Revenue from contract with customer 75,261 77,037
Company restaurant sales    
Revenues:    
Revenue from contract with customer 274 1,057
Financing revenues    
Revenues:    
Revenue from contract with customer 535 797
Advertising fees    
Revenues:    
Revenue from contract with customer 75,261 77,037
Cost of revenues:    
Franchise expenses 75,261 77,037
Other franchise expenses    
Cost of revenues:    
Franchise expenses $ 11,029 $ 9,406