XML 25 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Earnings - USD ($)
$ in Thousands
12 Months Ended
Sep. 27, 2020
Sep. 29, 2019
Sep. 30, 2018
Revenues $ 1,021,506 $ 950,107 $ 869,690
Operating costs and expenses, net:      
Food and packaging 102,449 97,699 128,947
Payroll and employee benefits 106,540 100,158 129,089
Occupancy and other 54,157 50,613 71,803
Selling, general, and administrative expenses 80,841 76,357 104,816
Depreciation and amortization 52,798 55,181 59,422
Impairment and other charges, net (6,493) 12,455 18,418
Gains on the sale of company-operated restaurants (3,261) (1,366) (46,164)
Total operating costs and expenses 790,922 747,884 636,243
Earnings from operations 230,584 202,223 233,447
Other pension and post-retirement expenses, net 41,720 1,484 1,833
Interest expense, net 66,743 84,967 45,547
Earnings from continuing operations and before income taxes 122,121 115,772 186,067
Income taxes 32,727 24,025 81,728
Earnings from continuing operations 89,394 91,747 104,339
Earnings from discontinued operations, net of income taxes 370 2,690 17,032
Net earnings $ 89,764 $ 94,437 $ 121,371
Net earnings per share — basic:      
Earnings from continuing operations (in usd per share) $ 3.87 $ 3.55 $ 3.66
Earnings from discontinued operations (in usd per share) 0.02 0.10 0.60
Net earnings per share (in usd per share) [1] 3.88 3.66 4.26
Net earnings per share — diluted:      
Earnings from continuing operations (in usd per share) 3.84 3.52 3.62
Earnings from discontinued operations (in usd per share) 0.02 0.10 0.59
Net earnings per share (in usd per share) [1] 3.86 3.62 4.21
Cash dividends declared per common share (in usd per share) $ 1.20 $ 1.60 $ 1.60
Company restaurant sales      
Revenues $ 348,987 $ 336,807 $ 448,058
Franchise      
Revenues 320,647 272,815 259,047
Operating costs and expenses, net:      
Franchise occupancy expenses 210,038 166,584 158,319
Franchise support and other costs 13,059 12,110 11,593
Franchise advertising and other services expenses 180,794 178,093 0
Franchise royalties and other      
Revenues 178,319 169,811 162,585
Franchise contributions for advertising and other services      
Revenues $ 173,553 $ 170,674 $ 0
[1] Earnings per share may not add due to rounding.