Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income

v3.7.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 25, 2016
Dec. 27, 2015
Dec. 28, 2014
Revenues:      
Restaurant sales $ 363,147 $ 351,875 $ 325,437
Franchise income 17,301 16,661 15,763
Other operating income 5,499 4,897 4,897
Total revenues 385,947 373,433 346,097
Costs and expenses:      
Food and beverage costs 107,075 108,101 103,259
Restaurant operating expenses 172,999 165,847 156,242
Marketing and advertising 11,406 10,925 10,076
General and administrative costs 31,488 30,242 24,311
Depreciation and amortization expenses 13,434 12,520 10,917
Pre-opening costs 1,986 1,032 1,630
Total costs and expenses 338,388 328,667 306,435
Operating income 47,559 44,766 39,662
Other income (expense):      
Interest expense, net (1,154) (790) (1,159)
Other 10 358 37
Income from continuing operations before income tax expense 46,415 44,334 38,540
Income from continuing operations 15,660 14,168 11,830
Income from continuing operations 30,755 30,166 26,710
Discontinued operations:      
Loss from discontinued operations, net of income tax benefit: 2016-($186); 2015-($869); 2014-($7,472) (290) (162) (10,255)
Net income $ 30,465 $ 30,004 $ 16,455
Basic earnings (loss) per common share:      
Continuing operations (in dollars per share) $ 0.97 $ 0.88 $ 0.76
Discontinued operations (in dollars per share) (0.01) 0 (0.29)
Basic earnings (loss) per share (in dollars per share) 0.96 0.88 0.47
Diluted earnings (loss) per common share:      
Continuing operations (in dollars per share) 0.96 0.87 0.75
Discontinued operations (in dollars per share) (0.01) 0 (0.29)
Diluted earnings (loss) per share (in dollars per share) $ 0.95 $ 0.87 $ 0.46
Shares used in computing earnings (loss) per common share:      
Basic (in shares) 31,670,189 34,018,582 34,955,760
Diluted (in shares) 32,108,965 34,434,407 35,415,483
Dividends declared per common share (in dollars per share) $ 0.28 $ 0.24 $ 0.20