CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jul. 14, 2024 |
Jul. 09, 2023 |
Jul. 14, 2024 |
Jul. 09, 2023 |
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| Revenues: | ||||
| Total revenues | $ 300,154 | $ 298,648 | $ 688,695 | $ 716,460 |
| Restaurant operating costs (excluding depreciation and amortization shown separately below): | ||||
| Cost of sales | 69,444 | 71,372 | 159,653 | 171,042 |
| Labor | 113,908 | 109,678 | 262,866 | 255,100 |
| Other operating | 51,783 | 51,842 | 118,273 | 123,892 |
| Occupancy | 24,595 | 23,482 | 56,023 | 53,283 |
| Depreciation and amortization | 13,402 | 15,756 | 31,556 | 37,581 |
| Selling, general, and administrative expenses | 28,652 | 26,864 | 68,041 | 61,387 |
| Pre-opening costs | 0 | 4 | 0 | 586 |
| Other charges (gains), net | 2,931 | (10,607) | (1,045) | (848) |
| Total costs and expenses | 304,715 | 288,391 | 695,367 | 702,023 |
| Income (loss) from operations | (4,561) | 10,257 | (6,672) | 14,437 |
| Other expense: | ||||
| Interest expense | 5,107 | 6,483 | 12,587 | 14,252 |
| Interest income and other, net | (139) | (304) | (451) | (655) |
| Income (loss) before income taxes | (9,529) | 4,078 | (18,808) | 840 |
| Income tax provision (benefit) | (40) | 156 | 141 | 176 |
| Net income (loss) | $ (9,489) | $ 3,922 | $ (18,949) | $ 664 |
| Income (loss) per share: | ||||
| Basic (in dollars per share) | $ (0.61) | $ 0.24 | $ (1.21) | $ 0.04 |
| Diluted (in dollars per share) | $ (0.61) | $ 0.24 | $ (1.21) | $ 0.04 |
| Weighted average shares outstanding: | ||||
| Basic (in shares) | 15,680 | 16,037 | 15,608 | 16,014 |
| Diluted (in shares) | 15,680 | 16,291 | 15,608 | 16,367 |
| Other comprehensive income (loss): | ||||
| Foreign currency translation adjustment | $ 4 | $ 4 | $ (14) | $ 11 |
| Other comprehensive income (loss), net of tax | 4 | 4 | (14) | 11 |
| Total comprehensive income (loss) | (9,485) | 3,926 | (18,963) | 675 |
| Restaurant revenue | ||||
| Revenues: | ||||
| Total revenues | 294,457 | 293,281 | 673,025 | 700,174 |
| Franchise revenue | ||||
| Revenues: | ||||
| Total revenues | 4,287 | 3,544 | 9,628 | 8,826 |
| Other revenue | ||||
| Revenues: | ||||
| Total revenues | $ 1,410 | $ 1,823 | $ 6,042 | $ 7,460 |
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- Definition The net amount of nonoperating interest income (expense). As well as, the net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. No definition available.
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- Definition The amount of nonoperating interest income, net of the amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. No definition available.
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Cost of labor directly related to good produced and service rendered. Includes, but is not limited to, payroll cost and equity-based compensation. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Cost of material used for good produced and service rendered. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of operating lease expense. Excludes sublease income. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature, attributable to parent entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax of other comprehensive income (loss) attributable to parent entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of other expense (income) that is infrequent in occurrence or unusual in nature. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Expenditures associated with opening new locations which are noncapital in nature and expensed as incurred. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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