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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data |
3 Months Ended | 6 Months Ended | ||
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Jul. 10, 2011
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Jul. 11, 2010
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Jul. 10, 2011
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Jul. 11, 2010
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| Revenues: | ||||
| Restaurant revenue | $ 212,111 | $ 197,977 | $ 493,659 | $ 465,482 |
| Franchise royalties and fees | 3,339 | 3,122 | 7,805 | 7,291 |
| Other revenue | 345 | 244 | 1,161 | 4,080 |
| Total revenues | 215,795 | 201,343 | 502,625 | 476,853 |
| Restaurant operating costs (exclusive of depreciation and amortization shown separately below): | ||||
| Cost of sales | 53,551 | 48,697 | 123,911 | 113,709 |
| Labor (includes $130, $211, $375 and $420 of stock-based compensation, respectively) | 70,574 | 69,488 | 167,445 | 164,849 |
| Operating | 28,981 | 28,976 | 67,742 | 67,615 |
| Occupancy | 14,929 | 14,579 | 34,757 | 34,287 |
| Depreciation and amortization | 12,634 | 13,185 | 29,745 | 30,436 |
| Selling, general, and administrative (includes $493, $857, $1,106 and $1,751 of stock-based compensation, respectively) | 24,540 | 20,008 | 56,582 | 50,843 |
| Pre-opening costs | 1,516 | 375 | 2,177 | 1,252 |
| Total costs and expenses | 206,725 | 195,308 | 482,359 | 462,991 |
| Income from operations | 9,070 | 6,035 | 20,266 | 13,862 |
| Other expense (income): | ||||
| Interest expense, net | 1,473 | 1,257 | 2,827 | 3,142 |
| Other | 40 | 10 | 41 | (20) |
| Total other expenses | 1,513 | 1,267 | 2,868 | 3,122 |
| Income before income taxes | 7,557 | 4,768 | 17,398 | 10,740 |
| Income tax expense | 663 | 435 | 1,795 | 1,455 |
| Net income | $ 6,894 | $ 4,333 | $ 15,603 | $ 9,285 |
| Earnings per share: | ||||
| Basic (in dollars per share) | $ 0.45 | $ 0.28 | $ 1.01 | $ 0.60 |
| Diluted (in dollars per share) | $ 0.44 | $ 0.28 | $ 1.00 | $ 0.59 |
| Weighted average shares outstanding: | ||||
| Basic (in shares) | 15,263 | 15,494 | 15,399 | 15,484 |
| Diluted (in shares) | 15,539 | 15,671 | 15,631 | 15,654 |
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- Details
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- Definition
Payroll costs incurred (including equity-based compensation) that are directly related to goods produced and sold during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Cost of materials used in goods produced and sold during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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://www.xbrl.org/2003/role/presentationRef
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- Details
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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/presentationRef
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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/presentationRef
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- Definition
Revenue from sale of food (prepared and cooked-to-order foodstuffs, as well as snack items) and beverages (bottled or on-tap alcoholic beverages, as well as nonalcoholic beverages like carbonated drinks, juices, energy/sports drinks, water, coffee, and tea). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Revenue earned during the period from consideration (often a percentage of the franchisee's sales) received for the right to operate a business using the entity's name, merchandise, services, methodologies, promotional support, marketing, and supplies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net amount of nonoperating interest income (expense).
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- Definition
Rental expense incurred for leased assets including furniture and equipment which has not been recognized in costs and expenses applicable to sales and revenues; for example, cost of goods sold or other operating costs and expenses.
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- Definition
The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net result for the period of deducting operating expenses from operating revenues.
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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/presentationRef
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- Definition
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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Revenues from the sale of other goods or rendering of other services, not elsewhere specified in the taxonomy; net of (reduced by) sales adjustments, returns, allowances, and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Expenditures associated with opening new locations which are noncapital in nature and expensed as incurred. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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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://www.xbrl.org/2003/role/presentationRef
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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/presentationRef
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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/presentationRef
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