Segment Information (Tables)

3 Months Ended

Mar. 31, 2024

The following tables present our segment information.


	Three Months Ended
(In thousands)	March 31, 2024		March 26, 2023
Revenues:
Domestic Company-owned restaurants	$	176,224	$	179,866
North America franchising	35,697		36,072
North America commissaries	203,287		212,566
International	46,673		38,704
All others	52,035		59,841
Total revenues	$	513,916	$	527,049

Intersegment revenues:
North America franchising	$	1,049	$	1,052
North America commissaries	49,267		51,817

All others	13,172		16,835
Total intersegment revenues	$	63,488	$	69,704

Operating income:
Domestic Company-owned restaurants	$	10,359	$	6,650
North America franchising	33,711		33,400
North America commissaries	12,335		10,730
International (a)	(5,989)		7,232
All others	3,198		3,157
Unallocated corporate expenses (b)	(19,642)		(23,366)
Elimination of intersegment (profits) losses	(254)		(7)
Total operating income	$	33,718	$	37,796


Property and equipment, net:
Domestic Company-owned restaurants	$	263,832
North America commissaries	162,491
International	28,456
All others	138,346
Unallocated corporate assets	254,290
Accumulated depreciation and amortization	(574,112)
Total property and equipment, net	$	273,303

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(a) The three months ended March 31, 2024 includes $9.5 million of costs related to the International Transformation Plan. See “Note 9. Restructuring” for additional information.

(b) The three months ended March 26, 2023 includes $1.4 million of severance and related costs associated with the transition of certain executives.

Schedule of revenue disaggregated by major product line

In the following tables, revenues are disaggregated by major product/service line. The tables also include a reconciliation of the disaggregated revenues by the reportable segment (in thousands):


	Reportable Segments
	Three Months Ended March 31, 2024
Major Products/Services Lines	Domestic Company-owned restaurants		North America franchising		North America commissaries		International		All others		Total
Company-owned restaurant sales	$	176,224	$	—	$	—	$	15,027	$	—	$	191,251
Franchise royalties and fees	—		36,746		—		11,456		—		48,202
Commissary sales	—		—		252,554		14,225		—		266,779
Other revenues	—		—		—		5,965		65,207		71,172
Eliminations	—		(1,049)		(49,267)		—		(13,172)		(63,488)
Total segment revenues	176,224		35,697		203,287		46,673		52,035		513,916
International other revenues (a)	—		—		—		(5,965)		5,965		—
Total revenues	$	176,224	$	35,697	$	203,287	$	40,708	$	58,000	$	513,916

	Reportable Segments
	Three Months Ended March 26, 2023
Major Products/Services Lines	Domestic Company-owned restaurants		North America franchising		North America commissaries		International		All others		Total
Company-owned restaurant sales	$	179,866	$	—	$	—	$	—	$	—	$	179,866
Franchise royalties and fees	—		37,124		—		12,491		—		49,615
Commissary sales	—		—		264,383		18,972		—		283,355
Other revenues	—		—		—		7,241		76,676		83,917
Eliminations	—		(1,052)		(51,817)		—		(16,835)		(69,704)
Total segment revenues	179,866		36,072		212,566		38,704		59,841		527,049
International other revenues (a)	—		—		—		(7,241)		7,241		—
Total revenues	$	179,866	$	36,072	$	212,566	$	31,463	$	67,082	$	527,049

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(a) Other revenues as reported in the Condensed Consolidated Statements of Operations include $6.0 million and $7.2 million of revenues for the three months ended March 31, 2024 and March 26, 2023, respectively, that are part of the International reporting segment. These amounts include marketing fund contributions and sublease rental income from international franchisees in the United Kingdom that provide no significant contribution to income before income taxes but must be reported on a gross basis under accounting requirements. The related expenses for these Other revenues are reported in Other expenses in the Condensed Consolidated Statements of Operations.