v3.26.1
CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Total revenues $ 108,524 $ 100,619 $ 206,005 $ 195,654
Costs and expenses        
Restaurant cost of sales 41,127 40,039 78,592 77,797
Insurance losses and underwriting expenses 15,133 15,932 29,955 32,984
Oil and gas production costs 4,147 2,880 8,071 6,926
Licensing and media costs 3,335 2,421 6,209 4,072
Selling, general and administrative 26,230 22,853 51,102 44,220
Gain on sale of oil and gas properties (4,803) (794) (4,803) (10,117)
Impairments 0 1,251 0 1,251
Depreciation, depletion, and amortization 10,149 10,272 20,806 20,529
Interest expense on leases 1,400 1,240 2,757 2,573
Interest expense on borrowings 5,532 852 11,183 1,752
Total costs and expenses 102,250 96,946 203,872 181,987
Other income        
Investment gains (losses) 9,708 2,925 8,421 1,340
Investment partnership gains (losses) 35,637 58,504 22,183 8,912
Total other income (expenses) 45,345 61,429 30,604 10,252
Earnings (loss) before income taxes 51,619 65,102 32,737 23,919
Income tax expense (benefit) 11,693 14,171 7,342 6,263
Net earnings (loss) 39,926 50,931 25,395 17,656
Restaurant operations        
Revenues        
Total revenues 74,727 72,011 140,873 136,360
Insurance premiums and other        
Revenues        
Total revenues 19,030 18,823 37,968 38,172
Oil and gas        
Revenues        
Total revenues 11,260 7,498 20,396 17,428
Licensing and media        
Revenues        
Total revenues $ 3,507 $ 2,287 $ 6,768 $ 3,694
Common Class A        
Other income        
Net earnings (loss) per average equivalent Class A share, basic (in dollars per share) [1] $ 158.17 $ 194.57 $ 99.78 $ 67.26
Net earnings (loss) per average equivalent Class A share, diluted (in dollars per share) [1] $ 158.17 $ 194.57 $ 99.78 $ 67.26
[1]
*Net earnings (loss) per average equivalent Class B share outstanding are one-fifth of the average equivalent Class A share or $31.63 and $19.96 for the second quarter and first six months of 2026, respectively, and $38.91 and $13.45 for the second quarter and first six months of 2025, respectively.