Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF INCOME

v3.6.0.2
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 25, 2016
Dec. 27, 2015
Dec. 28, 2014
Revenues:      
Restaurant revenue $ 1,280,669 $ 1,238,898 $ 1,129,135
Franchise royalties and fees 11,209 12,526 13,637
Other revenue 4,563 6,168 3,330
Total revenues 1,296,441 1,257,592 1,146,102
Restaurant operating costs (excluding depreciation and amortization shown separately below):      
Cost of sales 298,249 304,637 287,221
Labor (includes $181, $115, and $81 of stock-based compensation) 439,232 403,517 372,657
Other operating 173,977 154,344 140,972
Occupancy 107,408 100,007 86,734
Depreciation and amortization 86,695 77,374 64,579
Selling, general, and administrative expenses (includes $4,364, $4,609, and $4,089 of stock-based compensation) 136,859 143,079 132,158
Pre-opening and acquisition costs 8,025 7,008 8,264
Asset impairment and restaurant closure costs 34,426 581 8,833
Total costs and expenses 1,284,871 1,190,547 1,101,418
Income from operations 11,570 67,045 44,684
Other (income) expense:      
Interest expense 7,239 3,680 3,045
Interest (income) and other, net (457) 129 (220)
Total other expenses 6,782 3,809 2,825
Income before income taxes 4,788 63,236 41,859
(Benefit) provision for income taxes (6,937) 15,532 9,298
Net income $ 11,725 $ 47,704 $ 32,561
Earnings per share:      
Basic (in dollars per share) $ 0.88 $ 3.40 $ 2.29
Diluted (in dollars per share) $ 0.87 $ 3.36 $ 2.25
Weighted average shares outstanding:      
Basic (in shares) 13,332 14,042 14,237
Diluted (in shares) 13,462 14,216 14,447