Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 25, 2016
Dec. 27, 2015
Revenues:      
Restaurant revenue $ 1,365,060 $ 1,280,669 $ 1,238,898
Franchise royalties and fees 11,044 11,209 12,526
Other revenue 4,825 4,563 6,168
Total revenues 1,380,929 1,296,441 1,257,592
Restaurant operating costs (excluding depreciation and amortization shown separately below):      
Cost of sales 320,355 298,249 304,637
Labor (includes $346, $181, and $115 of stock-based compensation) 475,432 439,232 403,517
Other operating 178,309 167,727 150,767
Occupancy 112,753 107,408 100,007
Depreciation and amortization 92,545 86,695 77,374
Selling, general, and administrative expenses (includes $4,442, $4,364, and $4,609 of stock-based compensation) 150,019 137,887 146,656
Pre-opening and acquisition costs 5,570 8,025 7,008
Other charges 6,914 39,648 581
Total costs and expenses 1,341,897 1,284,871 1,190,547
Income from operations 39,032 11,570 67,045
Other (income) expense:      
Interest expense 10,955 7,239 3,680
Interest (income) and other, net (943) (457) 129
Total other expenses 10,012 6,782 3,809
Income before income taxes 29,020 4,788 63,236
(Benefit) provision for income taxes (999) (6,937) 15,532
Net income $ 30,019 $ 11,725 $ 47,704
Earnings per share:      
Basic (in dollars per share) $ 2.33 $ 0.88 $ 3.40
Diluted (in dollars per share) $ 2.31 $ 0.87 $ 3.36
Weighted average shares outstanding:      
Basic (in shares) 12,899 13,332 14,042
Diluted (in shares) 12,998 13,462 14,216