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v3.21.2

Segment Information | 8 Months Ended
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Sep. 12, 2021
Segment Reporting [Abstract] |
Segment Information | 2. Segment Information The following tables summarize revenues and earnings before interest, taxes, depreciation, amortization and other, which is the measure by which the Company allocates resources to its segments and which the Company refers to as Segment Income, for each of its reportable segments. Intersegment revenues are comprised of sales of food, equipment and supplies from the supply chain segment to the Company-owned stores in the U.S. stores segment. Intersegment sales prices are market based. The “Other” column as it relates to Segment Income below primarily includes corporate administrative costs that are not allocable to a reportable segment, including labor, computer expenses, professional fees, travel and entertainment, rent, insurance and other corporate administrative costs.
|  | Fiscal Quarters Ended September 12, 2021 and September 6, 2020 |
|  | U.S. |  |  | Supply |  |  | International |  |  | Intersegment |  |  |  |  |  |  |
|  | Stores |  |  | Chain |  |  | Franchise |  |  | Revenues |  |  | Other |  |  | Total |
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2021 |  | $ | 338,618 |  |  | $ | 619,840 |  |  | $ | 70,553 |  |  | $ | (31,021 | ) |  | $ | — |  |  | $ | 997,990 |
2020 |  |  | 339,456 |  |  |  | 605,481 |  |  |  | 54,602 |  |  |  | (31,820 | ) |  |  | — |  |  |  | 967,719 |
Segment Income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2021 |  | $ | 101,968 |  |  | $ | 53,579 |  |  | $ | 57,311 |  |  | N/A |  |  | $ | (10,010 | ) |  | $ | 202,848 |
2020 |  |  | 101,513 |  |  |  | 51,114 |  |  |  | 44,461 |  |  | N/A |  |  |  | (13,689 | ) |  |  | 183,399 |
|  | Three Fiscal Quarters Ended September 12, 2021 and September 6, 2020 |
|  | U.S. |  |  | Supply |  |  | International |  |  | Intersegment |  |  |  |  |  |  |
|  | Stores |  |  | Chain |  |  | Franchise |  |  | Revenues |  |  | Other |  |  | Total |
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2021 |  | $ | 1,046,973 |  |  | $ | 1,854,609 |  |  | $ | 207,068 |  |  | $ | (94,490 | ) |  | $ | — |  |  | $ | 3,014,160 |
2020 |  |  | 975,140 |  |  |  | 1,717,225 |  |  |  | 160,202 |  |  |  | (91,723 | ) |  |  | — |  |  |  | 2,760,844 |
Segment Income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2021 |  | $ | 321,252 |  |  | $ | 164,723 |  |  | $ | 168,145 |  |  | N/A |  |  | $ | (25,726 | ) |  | $ | 628,394 |
2020 |  |  | 292,724 |  |  |  | 159,455 |  |  |  | 124,375 |  |  | N/A |  |  |  | (34,376 | ) |  |  | 542,178 |
The following table reconciles Total Segment Income to consolidated income before provision for income taxes.
|  | Fiscal Quarter Ended |  |  | Three Fiscal Quarters Ended |
|  | September 12, |  |  | September 6, |  |  | September 12, |  |  | September 6, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Total Segment Income |  | $ | 202,848 |  |  | $ | 183,399 |  |  | $ | 628,394 |  |  | $ | 542,178 |
Depreciation and amortization |  |  | (16,578 | ) |  |  | (15,327 | ) |  |  | (50,219 | ) |  |  | (44,116 | )
Loss on sale/disposal of assets |  |  | (37 | ) |  |  | (986 | ) |  |  | (493 | ) |  |  | (1,530 | )
Non-cash equity-based compensation expense |  |  | (5,953 | ) |  |  | (4,905 | ) |  |  | (19,453 | ) |  |  | (14,934 | )
Recapitalization-related expenses |  |  | — |  |  |  | — |  |  |  | (509 | ) |  |  | — |
Income from operations |  |  | 180,280 |  |  |  | 162,181 |  |  |  | 557,720 |  |  |  | 481,598 |
Other income |  |  | — |  |  |  | — |  |  |  | 2,500 |  |  |  | — |
Interest income |  |  | 48 |  |  |  | 197 |  |  |  | 138 |  |  |  | 1,769 |
Interest expense |  |  | (45,523 | ) |  |  | (38,605 | ) |  |  | (130,822 | ) |  |  | (117,802 | )
Income before provision for income taxes |  | $ | 134,805 |  |  | $ | 123,773 |  |  | $ | 429,536 |  |  | $ | 365,565 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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