Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Oct. 06, 2024
Oct. 01, 2023
Oct. 06, 2024
Oct. 01, 2023
Revenues:        
Total revenues $ 274,638 $ 277,560 $ 963,333 $ 994,020
Restaurant operating costs (excluding depreciation and amortization shown separately below):        
Cost of sales 65,105 65,128 224,759 236,171
Labor 107,692 103,741 370,559 358,841
Other operating 49,740 50,351 168,014 174,243
Occupancy 23,826 23,523 79,850 76,806
Depreciation and amortization 13,330 14,672 44,886 52,253
Selling, general, and administrative expenses 26,290 27,961 94,329 89,348
Pre-opening costs 0 0 0 586
Other charges (gains), net 1,532 (5,878) 487 (6,726)
Total costs and expenses 287,515 279,498 982,884 981,522
Income (loss) from operations (12,877) (1,938) (19,551) 12,498
Other expense:        
Interest expense 6,322 6,103 18,907 20,355
Interest income and other, net (225) (158) (676) (814)
Loss before income taxes (18,974) (7,883) (37,782) (7,043)
Income tax provision (benefit) (98) 278 43 453
Net loss $ (18,876) $ (8,161) $ (37,825) $ (7,496)
Loss per share:        
Basic (in dollars per share) $ (1.20) $ (0.52) $ (2.42) $ (0.47)
Diluted (in dollars per share) $ (1.20) $ (0.52) $ (2.42) $ (0.47)
Weighted average shares outstanding:        
Basic (in shares) 15,754 15,799 15,652 15,949
Diluted (in shares) 15,754 15,799 15,652 15,949
Other comprehensive income (loss):        
Foreign currency translation adjustment $ 3 $ (12) $ (12) $ 1
Other comprehensive income (loss), net of tax 3 (12) (12) 1
Total comprehensive loss (18,873) (8,173) (37,837) (7,495)
Restaurant revenue        
Revenues:        
Total revenues 270,605 273,133 943,630 973,307
Franchise revenue        
Revenues:        
Total revenues 3,007 3,418 12,635 12,245
Other revenue        
Revenues:        
Total revenues $ 1,026 $ 1,009 $ 7,068 $ 8,468