XML 79 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements Of Earnings - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Apr. 12, 2020
Apr. 14, 2019
Apr. 12, 2020
Apr. 14, 2019
Revenues $ 216,157 $ 215,727 $ 523,830 $ 506,513
Operating costs and expenses, net:        
Food and packaging 22,237 21,676 53,585 51,292
Payroll and employee benefits 24,261 22,768 56,151 53,042
Occupancy and other 12,570 11,100 28,528 27,113
Total company restaurant costs 59,068 55,544 138,264 131,447
Selling, general and administrative expenses 24,203 17,585 52,451 41,668
Depreciation and amortization 12,282 12,690 29,010 29,859
Impairment and other charges, net 716 1,125 (8,575) 8,823
Gains on the sale of company-operated restaurants 0 0 (1,575) (219)
Total operating costs and expenses 183,315 168,604 421,038 401,066
Earnings from operations 32,842 47,123 102,792 105,447
Other pension and post-retirement expenses, net 512 343 39,490 799
Interest expense, net 15,409 13,276 35,351 30,650
Earnings from continuing operations and before income taxes 16,921 33,504 27,951 73,998
Income tax expense 5,458 8,374 8,591 17,747
Earnings from continuing operations 11,463 25,130 19,360 56,251
(Losses) earnings from discontinued operations, net of income taxes 0 (41) 0 2,936
Net earnings $ 11,463 $ 25,089 $ 19,360 $ 59,187
Net earnings per share - basic:        
Earnings from continuing operations (in USD per share) $ 0.50 $ 0.97 $ 0.83 $ 2.17
Earnings from discontinued operations (in USD per share) 0 0 0 0.11
Net earnings per share (in USD per share) [1] 0.50 0.97 0.83 2.28
Net earnings per share - diluted:        
Earnings from coninuing operations (in USD per share) 0.50 0.96 0.82 2.15
Earnings from discontinued operations (in USD per share) 0 0 0 0.11
Net earnings per share (in USD per share) 0.50 [1] 0.96 0.82 [1] 2.26
Cash dividends declared per common share (in USD per share) $ 0.40 $ 0.40 $ 0.80 $ 0.80
Company Restaurant Sales        
Revenues $ 74,380 $ 76,682 $ 179,744 $ 179,514
Franchise        
Revenues 69,885 61,646 165,969 145,536
Franchise rental revenues 69,885 61,646 165,969 145,536
Operating costs and expenses, net:        
Occupancy and other 48,341 38,618 112,858 89,331
Total company restaurant costs 2,971 2,797 7,647 5,642
Franchise advertising and other services expenses 35,734 40,245 90,958 94,515
Royalty and Other        
Revenues 37,764 38,410 90,230 90,660
Franchise contributions for advertising and other services        
Revenues $ 34,128 $ 38,989 $ 87,887 $ 90,803
[1] Earnings per share may not add due to rounding.