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Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Dec. 26, 2018
Dec. 27, 2017
Dec. 26, 2018
Dec. 27, 2017
Statement of Comprehensive Income [Abstract]        
Total revenues $ 790.7 $ 766.4 $ 1,544.5 $ 1,505.8
Revenue from Contract with Customer, Excluding Assessed Tax 761.5   1,489.8  
Operating costs and expenses        
Cost of sales 200.9 192.9 392.8 380.5
Restaurant labor 260.8 250.4 517.1 501.5
Restaurant expenses (Note 2) 205.7 188.6 404.7 376.7
Company restaurant expenses [1] 667.4 631.9 1,314.6 1,258.7
Depreciation and amortization 36.1 37.7 73.1 76.2
General and administrative 35.4 33.1 69.2 65.4
Other (gains) and charges 2.2 9.3 (8.9) [2] 22.5
Total operating costs and expenses 741.1 712.0 1,448.0 1,422.8
Operating income 49.6 54.4 96.5 83.0
Interest expense 15.4 14.3 31.0 28.2
Other (income), net (0.8) (1.0) (1.6) (1.5)
Income before provision for income taxes 35.0 41.1 67.1 56.3
Provision for income taxes 3.0 15.8 8.7 21.1
Net income $ 32.0 $ 25.3 $ 58.4 $ 35.2
Basic net income per share $ 0.84 $ 0.55 $ 1.49 $ 0.74
Diluted net income per share $ 0.83 $ 0.54 $ 1.46 $ 0.74
Basic weighted average shares outstanding 38.1 46.4 39.2 47.4
Diluted weighted average shares outstanding 38.8 46.9 39.9 47.8
Other comprehensive income (loss)        
Foreign currency translation adjustment $ (0.6) $ (0.2) $ (0.3) $ 0.8
Other comprehensive income (loss) (0.6) (0.2) (0.3) 0.8
Comprehensive income 31.4 25.1 58.1 36.0
Company sales [Member]        
Statement of Comprehensive Income [Abstract]        
Total revenues   742.7   1,459.6
Revenue from Contract with Customer, Excluding Assessed Tax 761.5 742.7 1,489.8 1,459.6
Franchise and other revenues [Member]        
Statement of Comprehensive Income [Abstract]        
Total revenues   23.7   46.2
Revenue from Contract with Customer, Excluding Assessed Tax $ 29.2 $ 23.7 $ 54.7 $ 46.2
[1] Company restaurant expenses include Cost of sales, Restaurant labor, and Restaurant expenses including advertising expenses. With the adoption of ASC 606, for the thirteen and twenty-six week periods ended December 26, 2018, advertising contributions received from Chili’s franchisees are recorded as Franchise fees and other revenues within Total revenues, which differs from the thirteen and twenty-six week periods ended December 27, 2017 that includes Chili’s franchise advertising contributions recorded on a net basis within Company restaurant expenses.
[2] During the twenty-six week period ended December 26, 2018 we completed sale leaseback transactions of 145 company-owned Chili’s restaurant properties. As part of this transaction, we sold the related restaurant fixed assets totaling $170.9 million, net of accumulated depreciation. Additionally, Chili’s recognized $17.7 million of gain on the sale, including a certain portion of the deferred gain, net of related transaction costs incurred in Other (gains) and charges in the Consolidated Statements of Comprehensive Income. Please see Note 3 - Sale Leaseback Transactions for further details.