v3.22.2
Condensed Consolidated Income Statement (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 26, 2022
Jun. 27, 2021
Jun. 26, 2022
Jun. 27, 2021
Revenues:        
Revenue $ 128,647 $ 110,910 $ 254,779 $ 198,193
Costs and expenses:        
Food and beverage costs 35,962 31,607 74,573 54,528
Restaurant operating expenses 54,241 45,400 108,880 82,983
Marketing and advertising 4,747 3,232 9,662 5,225
General and administrative costs 9,327 8,774 18,568 15,970
Depreciation and amortization expenses 5,135 5,084 9,928 10,147
Pre-opening costs 743 159 1,625 604
Loss on legal settlement 6,000 0 6,000 0
Loss on impairment 0 394 0 394
Total costs and expenses 116,155 94,650 229,236 169,851
Operating income 12,492 16,260 25,543 28,342
Other income (expense):        
Interest expense, net (239) (1,128) (563) (2,431)
Other 34 36 62 80
Income before income taxes 12,287 15,168 25,042 25,991
Income tax expense 1,952 2,757 4,294 4,455
Net income $ 10,335 $ 12,411 $ 20,748 $ 21,536
Basic earnings per common share (in dollars per share) $ 0.31 $ 0.36 $ 0.62 $ 0.63
Diluted earnings per common share (in dollars per share) $ 0.31 $ 0.36 $ 0.61 $ 0.62
Shares used in computing earnings per common share:        
Basic (in shares) 33,529,727 34,398,251 33,559,783 34,340,492
Diluted (in shares) 33,866,977 34,652,869 33,868,651 34,620,626
Cash dividends declared per common share (in dollars per share) $ 0.14 $ 0 $ 0.26 $ 0
Restaurant Sales [Member]        
Revenues:        
Revenue $ 120,758 $ 104,165 $ 239,472 $ 185,801
Franchise [Member]        
Revenues:        
Revenue 5,129 4,528 9,860 8,320
Service, Other [Member]        
Revenues:        
Revenue $ 2,760 $ 2,217 $ 5,447 $ 4,072

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