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Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Sep. 26, 2018
Sep. 27, 2017
Statement of Comprehensive Income [Abstract]    
Total revenues $ 753.8 $ 739.4
Revenue from Contract with Customer, Excluding Assessed Tax 728.3  
Operating costs and expenses    
Cost of sales 191.9 187.6
Restaurant labor 256.3 251.1
Restaurant expenses (Note 2) 199.0 188.1
Company restaurant expenses [1] 647.2 626.8
Depreciation and amortization 37.0 38.5
General and administrative 33.8 32.3
Other (gains) and charges (11.1) [2] 13.2
Total operating costs and expenses 706.9 710.8
Operating income 46.9 28.6
Interest expense 15.6 13.9
Other (income), net (0.8) (0.5)
Income before provision for income taxes 32.1 15.2
Provision for income taxes 5.7 5.3
Net income $ 26.4 $ 9.9
Basic net income per share $ 0.65 $ 0.20
Diluted net income per share $ 0.64 $ 0.20
Basic weighted average shares outstanding 40.4 48.3
Diluted weighted average shares outstanding 41.1 48.7
Other comprehensive income (loss)    
Foreign currency translation adjustment $ 0.3 $ 1.5
Other comprehensive income 0.3 1.5
Comprehensive income $ 26.7 $ 11.4
Dividends per share $ 0.38 $ 0.38
Company sales [Member]    
Statement of Comprehensive Income [Abstract]    
Total revenues   $ 716.9
Revenue from Contract with Customer, Excluding Assessed Tax $ 728.3 716.9
Franchise and other revenues [Member]    
Statement of Comprehensive Income [Abstract]    
Total revenues   22.5
Revenue from Contract with Customer, Excluding Assessed Tax $ 25.5 $ 22.5
[1] Company restaurant expenses include Cost of sales, Restaurant labor, and Restaurant expenses including advertising. With the adoption of ASC 606, for the thirteen week period ended September 26, 2018 advertising contributions received from Chili’s franchisees are recorded as Advertising fees within Total revenues, which differs from the thirteen week period ended September 27, 2017 that includes Chili’s franchise advertising contributions recorded on a net basis within Company restaurant expenses.
[2] During the thirteen week period ended September 26, 2018 we completed sale leaseback transactions of 141 company-owned Chili’s restaurant properties. As part of this transaction, we sold the related restaurant fixed assets totaling $166.6 million, net of accumulated depreciation. Additionally, Chili’s recognized $20.1 million of gain on the sale, including a certain portion of the deferred gain, as well as transaction related costs incurred totaling $6.8 million in Other (gains) and charges on Consolidated Statements of Comprehensive Income. Please see Note 3 - Sale Leaseback Transactions for further details.