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v3.22.2

Segment Information (Tables) | 6 Months Ended
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Jun. 19, 2022
Segment Reporting [Abstract] |
Financial Information by Operating Segment | 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 June 19, 2022 and June 20, 2021 |
|  | U.S. |  |  | Supply |  |  | International |  |  | Intersegment |  |  |  |  |  |  |
|  | Stores |  |  | Chain |  |  | Franchise |  |  | Revenues |  |  | Other |  |  | Total |
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2022 |  | $ | 351,681 |  |  | $ | 683,298 |  |  | $ | 66,915 |  |  | $ | (36,712 | ) |  | $ | — |  |  | $ | 1,065,182 |
2021 |  |  | 359,765 |  |  |  | 635,592 |  |  |  | 69,745 |  |  |  | (32,630 | ) |  |  | — |  |  |  | 1,032,472 |
Segment Income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2022 |  | $ | 104,055 |  |  | $ | 53,633 |  |  | $ | 52,890 |  |  | N/A |  |  | $ | (5,621 | ) |  | $ | 204,957 |
2021 |  |  | 111,847 |  |  |  | 58,593 |  |  |  | 56,365 |  |  | N/A |  |  |  | (9,627 | ) |  |  | 217,178 |
|  | Two Fiscal Quarters Ended June 19, 2022 and June 20, 2021 |
|  | U.S. |  |  | Supply |  |  | International |  |  | Intersegment |  |  |  |  |  |  |
|  | Stores |  |  | Chain |  |  | Franchise |  |  | Revenues |  |  | Other |  |  | Total |
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2022 |  | $ | 684,450 |  |  | $ | 1,325,260 |  |  | $ | 135,748 |  |  | $ | (69,127 | ) |  | $ | — |  |  | $ | 2,076,331 |
2021 |  |  | 708,355 |  |  |  | 1,234,769 |  |  |  | 136,515 |  |  |  | (63,469 | ) |  |  | — |  |  |  | 2,016,170 |
Segment Income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2022 |  | $ | 201,347 |  |  | $ | 99,982 |  |  | $ | 107,936 |  |  | N/A |  |  | $ | (13,331 | ) |  | $ | 395,934 |
2021 |  |  | 219,283 |  |  |  | 111,145 |  |  |  | 110,833 |  |  | N/A |  |  |  | (15,715 | ) |  |  | 425,546 |
Reconciliation of Total Segment Income to Consolidated Income Before Provision for Income Taxes | The following table reconciles total Segment Income to consolidated income before provision for income taxes.
|  | Fiscal Quarter Ended |  |  | Two Fiscal Quarters Ended |
|  | June 19, |  |  | June 20, |  |  | June 19, |  |  | June 20, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Total Segment Income |  | $ | 204,957 |  |  | $ | 217,178 |  |  | $ | 395,934 |  |  | $ | 425,546 |
Depreciation and amortization |  |  | (18,117 | ) |  |  | (17,176 | ) |  |  | (37,093 | ) |  |  | (33,641 | )
Loss on sale/disposal of assets |  |  | (253 | ) |  |  | (295 | ) |  |  | (448 | ) |  |  | (456 | )
Non-cash equity-based compensation expense |  |  | (8,473 | ) |  |  | (8,296 | ) |  |  | (15,738 | ) |  |  | (13,500 | )
Recapitalization-related expenses |  |  | — |  |  |  | (509 | ) |  |  | — |  |  |  | (509 | )
Income from operations |  |  | 178,114 |  |  |  | 190,902 |  |  |  | 342,655 |  |  |  | 377,440 |
Other income |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,500 |
Interest income |  |  | 219 |  |  |  | 68 |  |  |  | 268 |  |  |  | 90 |
Interest expense |  |  | (44,851 | ) |  |  | (45,877 | ) |  |  | (91,723 | ) |  |  | (85,299 | )
Income before provision for income taxes |  | $ | 133,482 |  |  | $ | 145,093 |  |  | $ | 251,200 |  |  | $ | 294,731 |

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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