Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF INCOME

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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 27, 2015
Dec. 28, 2014
Dec. 29, 2013
Revenues:      
Restaurant revenue $ 1,238,898 $ 1,129,135 $ 1,000,198
Franchise royalties and fees 12,526 13,637 14,378
Other revenue 6,168 3,330 2,671
Total revenues 1,257,592 1,146,102 1,017,247
Restaurant operating costs (excluding depreciation and amortization shown separately below):      
Cost of sales 304,637 287,221 250,237
Labor (includes $115, $81, and $151 of stock-based compensation) 403,517 372,657 335,113
Other operating 154,344 140,972 123,479
Occupancy 100,007 86,734 74,079
Depreciation and amortization 77,374 64,579 58,200
Selling, general, and administrative expenses (includes $4,609, $4,089, and $3,672 of stock-based compensation) 143,079 132,158 124,278
Pre-opening and acquisition costs 7,008 8,264 6,530
Asset impairment charges 581 8,833 1,517
Total costs and expenses 1,190,547 1,101,418 973,433
Income from operations 67,045 44,684 43,814
Other (income) expense:      
Interest expense 3,680 3,045 2,692
Interest (income) and other, net 129 (220) (127)
Total other expenses 3,809 2,825 2,565
Income before income taxes 63,236 41,859 41,249
Provision for income taxes 15,532 9,298 9,010
Net income $ 47,704 $ 32,561 $ 32,239
Earnings per share:      
Basic (in dollars per share) $ 3.40 $ 2.29 $ 2.27
Diluted (in dollars per share) $ 3.36 $ 2.25 $ 2.22
Weighted average shares outstanding:      
Basic (in shares) 14,042 14,237 14,225
Diluted (in shares) 14,216 14,447 14,510