XML 15 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 25, 2022
Sep. 26, 2021
Sep. 25, 2022
Sep. 26, 2021
Revenues:        
Total revenues $ 510,512 $ 512,782 $ 1,575,869 $ 1,539,536
Costs and expenses:        
General and administrative expenses 57,935 54,070 168,519 157,779
Depreciation and amortization 13,338 11,477 38,012 36,830
Total costs and expenses 490,146 474,205 1,491,004 1,409,460
Refranchising and impairment loss (905) 0 (12,065) 0
Operating income 19,461 38,577 72,800 130,076
Net interest expense (7,623) (3,979) (17,967) (11,275)
Income before income taxes 11,838 34,598 54,833 118,801
Income tax expense 3,374 4,057 9,212 19,387
Net income before attribution to noncontrolling interests 8,464 30,541 45,621 99,414
Net income attributable to noncontrolling interests (133) (1,285) (1,363) (4,021)
Net income attributable to the Company 8,331 29,256 44,258 95,393
Calculation of net income (loss) for earnings per share:        
Net income attributable to the Company 8,331 29,256 44,258 95,393
Dividends on redemption of Series B Convertible Preferred Stock 0 0 0 (109,852)
Dividends paid to participating securities (86) (137) (228) (5,964)
Net income attributable to participating securities 0 (158) (34) 0
Net income (loss) attributable to common shareholders $ 8,245 $ 28,961 $ 43,996 $ (20,423)
Basic earnings (loss) per common share (in dollars per share) $ 0.23 $ 0.80 $ 1.23 $ (0.59)
Diluted earnings (loss) per common share (in dollars per share) $ 0.23 $ 0.79 $ 1.22 $ (0.59)
Basic weighted average common shares outstanding (in shares) 35,259 36,387 35,602 34,619
Diluted weighted average common shares outstanding (in shares) 35,448 36,719 35,840 34,619
Dividends declared per common share (in dollars per share) $ 0.42 $ 0.35 $ 1.12 $ 0.80
Domestic Company-owned restaurants        
Revenues:        
Total revenues $ 166,050 $ 191,584 $ 536,226 $ 584,942
Costs and expenses:        
Operating costs (excluding depreciation and amortization shown separately below): 138,299 155,477 441,986 465,658
North America franchising        
Revenues:        
Total revenues 33,712 31,933 102,897 97,123
North America commissaries        
Revenues:        
Total revenues 216,115 189,224 645,177 560,743
Costs and expenses:        
Operating costs (excluding depreciation and amortization shown separately below): 203,129 175,399 604,689 518,310
International        
Revenues:        
Total revenues 30,735 38,408 97,310 110,629
Costs and expenses:        
Operating costs (excluding depreciation and amortization shown separately below): 18,196 21,743 57,346 62,791
Other        
Revenues:        
Total revenues 63,900 61,633 194,259 186,099
Costs and expenses:        
Operating costs (excluding depreciation and amortization shown separately below): $ 59,249 $ 56,039 $ 180,452 $ 168,092