Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Income Statement (Unaudited)

v3.22.2.2
Condensed Consolidated Income Statement (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 25, 2022
Sep. 26, 2021
Sep. 25, 2022
Sep. 26, 2021
Revenues:        
Revenue $ 112,739 $ 104,187 $ 367,518 $ 302,381
Costs and expenses:        
Food and beverage costs 33,505 33,401 108,079 87,929
Restaurant operating expenses 53,084 46,030 161,964 129,013
Marketing and advertising 3,419 2,436 13,082 7,661
General and administrative costs 9,372 7,721 27,939 23,691
Depreciation and amortization expenses 5,535 4,985 15,462 15,131
Pre-opening costs 1,093 581 2,718 1,185
Loss on legal settlement 0 0 6,000 0
Loss on impairment 0 0 0 394
Total costs and expenses 106,008 95,154 335,244 265,004
Operating income 6,731 9,033 32,274 37,377
Other income (expense):        
Interest expense, net (434) (678) (998) (3,109)
Other 53 (18) 116 61
Income before income taxes 6,350 8,337 31,392 34,329
Income tax expense 852 1,398 5,146 5,854
Net income $ 5,498 $ 6,939 $ 26,246 $ 28,475
Basic earnings per common share (in dollars per share) $ 0.17 $ 0.20 $ 0.79 $ 0.83
Diluted earnings per common share (in dollars per share) $ 0.16 $ 0.20 $ 0.78 $ 0.82
Shares used in computing earnings per common share:        
Basic (in shares) 33,135,562 34,421,570 33,418,376 34,367,518
Diluted (in shares) 33,459,508 34,592,930 33,729,577 34,606,611
Cash dividends declared per common share (in dollars per share) $ 0.14 $ 0 $ 0.40 $ 0
Restaurant Sales [Member]        
Revenues:        
Revenue $ 105,792 $ 97,537 $ 345,264 $ 283,339
Franchise [Member]        
Revenues:        
Revenue 4,906 4,742 14,766 13,062
Service, Other [Member]        
Revenues:        
Revenue $ 2,041 $ 1,908 $ 7,488 $ 5,980