CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 25, 2025 |
Jun. 26, 2024 |
Jun. 25, 2025 |
Jun. 26, 2024 |
|
Revenue | ||||
Total revenue | $ 125,834 | $ 122,176 | $ 245,011 | $ 238,329 |
Cost of operations | ||||
Food and paper cost | 25,496 | 25,731 | 50,235 | 51,350 |
Labor and related expenses | 32,155 | 32,868 | 64,334 | 63,448 |
Occupancy and other operating expenses | 26,741 | 24,656 | 52,414 | 48,521 |
Company restaurant expenses | 84,392 | 83,255 | 166,983 | 163,319 |
General and administrative expenses | 13,532 | 11,787 | 24,795 | 23,712 |
Franchise expenses | 12,627 | 10,871 | 25,069 | 21,473 |
Depreciation and amortization | 3,929 | 3,870 | 7,816 | 7,721 |
Loss on disposal of assets | 43 | 63 | 54 | 104 |
Gain on recovery of insurance proceeds, net | (41) | |||
Loss on disposition of restaurants | 7 | 7 | ||
Impairment and closed-store reserves | 6 | 5 | 17 | 37 |
Total operating expenses | 114,529 | 109,858 | 224,734 | 216,332 |
Income from operations | 11,305 | 12,318 | 20,277 | 21,997 |
Interest expense, net | 1,207 | 1,527 | 2,383 | 3,091 |
Income before provision for income taxes | 10,098 | 10,791 | 17,894 | 18,906 |
Provision for income taxes | 2,991 | 3,158 | 5,306 | 5,361 |
Net income | $ 7,107 | $ 7,633 | $ 12,588 | $ 13,545 |
Net income per share | ||||
Basic (usd per share) | $ 0.24 | $ 0.25 | $ 0.43 | $ 0.44 |
Diluted (usd per share) | $ 0.24 | $ 0.25 | $ 0.43 | $ 0.44 |
Weighted-average shares used in computing net income per share | ||||
Basic (shares) | 29,097,871 | 30,240,170 | 29,092,409 | 30,508,970 |
Diluted (shares) | 29,272,394 | 30,378,048 | 29,314,443 | 30,661,830 |
Company-operated restaurant revenue | ||||
Revenue | ||||
Total revenue | $ 104,318 | $ 102,307 | $ 202,683 | $ 199,460 |
Franchise revenue | ||||
Revenue | ||||
Total revenue | 13,372 | 11,651 | 26,555 | 22,999 |
Franchise advertising fee revenue | ||||
Revenue | ||||
Total revenue | $ 8,144 | $ 8,218 | $ 15,773 | $ 15,870 |
X | ||||||||||
- Definition Generally recurring costs associated with normal operations including cost of services. No definition available.
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- Definition The net gain from insurance settlement for property and equipment that exceeds incremental costs incurred from the event causing an interruption of business, plus the insurance award for earnings lost from the event, such as a natural catastrophe, explosion or fire. No definition available.
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- Definition Cost of labor directly related to good produced and service rendered. Includes, but is not limited to, payroll cost and equity-based compensation. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Cost of material used for good produced and service rendered. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Aggregate costs incurred that are directly related to activities, including but not limited to, generating franchise revenues from franchisor owned outlets and franchised outlets. No definition available.
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- Definition Amount of gain (loss) from sale and disposal of integrated set of activities and assets capable of being conducted and managed for purpose of providing return in form of dividend, lower cost, or other economic benefit to investor, owner, member and participant. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of gain (loss) on sale or disposal of other assets. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, after cash payment, of expenses associated with exit or disposal activities pursuant to an authorized plan and expenses resulting from the write-down of assets. Excludes expenses related to a business combination, a discontinued operation or an asset retirement obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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