Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.22.4
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 25, 2022
Dec. 26, 2021
Dec. 27, 2020
Revenues:      
Revenue $ 505,858 $ 429,123 $ 277,748
Costs and expenses:      
Food and beverage costs 151,290 128,450 75,831
Restaurant operating expenses 221,352 179,671 150,420
Marketing and advertising 17,360 13,464 6,859
General and administrative costs 37,071 32,531 33,248
Depreciation and amortization expenses 22,103 20,487 21,964
Pre-opening costs 3,058 1,894 1,633
Loss on legal settlement 6,000 0 0
Loss (gain) on lease modifications 90 1,058 (206)
Loss on impairment 574 1,854 16,548
Total costs and expenses 458,898 379,409 306,297
Operating income (loss) 46,960 49,714 (28,549)
Other income (expense):      
Interest expense, net (1,507) (3,478) (4,681)
Other 178 102 26
Income (loss) before income tax expense 45,631 46,338 (33,204)
Income Tax Expense (Benefit), Total 7,010 4,063 (7,910)
Net income (loss) $ 38,621 $ 42,275 $ (25,294)
Basic earnings (loss) per common share (in dollars per share) $ 1.16 $ 1.23 $ (0.80)
Diluted earnings (loss) per common share (in dollars per share) $ 1.15 $ 1.23 $ (0.80)
Shares used in computing earnings (loss) per common share:      
Weighted average number of common shares outstanding - basic (in shares) 33,203,263 34,255,966 31,683,920
Weighted average number of common shares outstanding - diluted (in shares) 33,495,888 34,468,195 31,683,920
Cash dividends declared per common share (in dollars per share) $ 0.54 $ 0 $ 0.15
Restaurant Sales [Member]      
Revenues:      
Revenue $ 475,371 $ 402,015 $ 260,763
Franchise [Member]      
Revenues:      
Revenue 20,571 18,533 11,737
Service, Other [Member]      
Revenues:      
Revenue $ 9,916 $ 8,575 $ 5,248