XML 20 R7.htm IDEA: XBRL DOCUMENT
v3.22.2

Segment Information | 6 Months Ended
--- | ---
Jun. 19, 2022
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 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 |
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 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration