Revenue |
|
|
|
Company-operated restaurant revenue |
$394,733 |
$374,064 |
$391,112 |
Franchise Revenue |
33,729 |
29,418 |
28,819 |
Franchise Advertising Fee revenue |
25,901 |
22,605 |
22,399 |
Total Revenue |
454,363 |
426,087 |
442,330 |
Cost of operations |
|
|
|
Food and paper cost |
104,394 |
98,774 |
109,264 |
Labor and related expenses |
120,308 |
114,455 |
116,703 |
Occupancy and other operating expenses |
97,557 |
92,422 |
92,005 |
Gain on recovery of insurance proceeds, lost profits |
– |
(2,000) |
– |
Company restaurant expenses |
322,259 |
303,651 |
317,972 |
General and administrative expenses |
39,852 |
35,918 |
40,389 |
Legal settlements |
– |
2,566 |
– |
Franchise Expenses |
32,831 |
28,761 |
27,612 |
Depreciation and amortization |
15,176 |
16,878 |
17,855 |
Loss on disposal of assets |
289 |
189 |
266 |
Recovery of securities lawsuits related legal expenses and other insurance claims |
– |
(123) |
(10,000) |
Loss on disposition of restaurants |
1,534 |
– |
5,058 |
Impairment and closed-store reserves |
1,087 |
4,691 |
4,852 |
Total Expenses |
413,028 |
392,531 |
404,004 |
Income from operations |
41,335 |
33,556 |
38,326 |
Interest expense, net |
1,824 |
3,292 |
3,687 |
Income tax receivable agreement expense |
58 |
139 |
57 |
Income before provision for income taxes |
39,453 |
30,125 |
34,582 |
Provision for income taxes |
10,332 |
5,651 |
9,682 |
Net Income |
$29,121 |
$24,474 |
$24,900 |