v3.23.1
Condensed Consolidated Income Statement (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 26, 2023
Mar. 27, 2022
Revenues:    
Revenue $ 136,857 $ 126,132
Costs and expenses:    
Food and beverage costs 42,419 38,611
Restaurant operating expenses 60,202 54,640
Marketing and advertising 4,510 4,915
General and administrative costs 9,507 9,241
Depreciation and amortization expenses 6,543 4,793
Pre-opening costs 522 881
Gain on lease modifications (869) 0
Total costs and expenses 122,834 113,081
Operating income 14,023 13,051
Other income (expense):    
Interest expense, net (252) (324)
Other 6 28
Income before income taxes 13,777 12,755
Income tax expense 2,435 2,342
Net income $ 11,342 $ 10,413
Basic earnings per common share (in dollars per share) $ 0.35 $ 0.31
Diluted earnings per common share (in dollars per share) $ 0.35 $ 0.31
Shares used in computing earnings per common share:    
Basic (in shares) 32,030,543 33,589,838
Diluted (in shares) 32,437,410 33,885,076
Cash dividends declared per common share (in dollars per share) $ 0.16 $ 0.12
Restaurant Sales [Member]    
Revenues:    
Revenue $ 128,885 $ 118,713
Franchise [Member]    
Revenues:    
Revenue 5,269 4,730
Service, Other [Member]    
Revenues:    
Revenue $ 2,703 $ 2,689

Source