XML 16 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
May 31, 2018
May 31, 2017
May 31, 2018
May 31, 2017
Revenues:        
Company Drive-In sales $ 66,587 $ 72,062 $ 182,217 $ 223,500
Franchise Drive-Ins:        
Franchise royalties and fees 48,251 48,220 122,766 122,687
Lease revenue 2,203 2,418 5,288 5,474
Other 1,265 1,290 1,565 2,038
Total revenues 118,306 123,990 311,836 353,699
Costs and expenses:        
Food and packaging 18,549 19,380 50,863 61,112
Payroll and other employee benefits 23,468 25,590 67,325 82,688
Other operating expenses, exclusive of depreciation and amortization included below 12,354 13,836 37,303 47,540
Total cost of Company Drive-In sales 54,371 58,806 155,491 191,340
Selling, general and administrative 21,118 20,763 57,733 58,813
Depreciation and amortization 9,566 9,520 28,492 29,531
Other operating income, net (4,010) (540) (4,503) (11,105)
Total costs and expenses 81,045 88,549 237,213 268,579
Income from operations 37,261 35,441 74,623 85,120
Interest expense 8,598 7,318 24,411 21,734
Interest income (524) (291) (1,361) (1,047)
Loss from debt transactions 0 0 1,310 0
Net interest expense 8,074 7,027 24,360 20,687
Income before income taxes 29,187 28,414 50,263 64,433
Provision for income taxes 7,611 9,663 (2,350) 21,601
Net income $ 21,576 $ 18,751 $ 52,613 $ 42,832
Basic income per share (usd per share) $ 0.58 $ 0.44 $ 1.38 $ 0.97
Diluted income per share (usd per share) 0.58 0.44 1.36 0.96
Cash dividends declared per common share (usd per share) $ 0.16 $ 0.14 $ 0.48 $ 0.42