XML 21 R4.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 24, 2019
Sep. 25, 2018
Sep. 24, 2019
Sep. 25, 2018
Revenue:        
Revenue $ 650,489 $ 594,595 $ 2,030,925 $ 1,851,537
Restaurant operating costs (excluding depreciation and amortization shown separately below):        
Cost of sales 205,158 191,990 650,136 598,824
Labor 218,342 197,621 667,712 593,298
Rent 12,994 12,330 39,173 36,300
Other operating 100,742 91,946 306,355 279,182
Pre-opening 4,736 4,378 12,801 13,529
Depreciation and amortization 28,347 25,843 84,574 75,492
Impairment and closure 61 20 394 128
General and administrative 35,225 35,023 111,168 100,202
Total costs and expenses 605,605 559,151 1,872,313 1,696,955
Income from operations 44,884 35,444 158,612 154,582
Interest income (expense), net 81 (168) 1,526 (810)
Equity income from investments in unconsolidated affiliates (154) 381 100 1,150
Income before taxes 44,811 35,657 160,238 154,922
Provision for income taxes 6,785 5,398 23,331 22,321
Net income including noncontrolling interests 38,026 30,259 136,907 132,601
Less: Net income attributable to noncontrolling interests 1,495 1,134 5,141 4,708
Net income attributable to Texas Roadhouse, Inc. and subsidiaries 36,531 29,125 131,766 127,893
Other comprehensive loss, net of tax:        
Foreign currency translation adjustment, net of tax of $40, $54, $35 and $46, respectively (118) (159) (103) (167)
Total other comprehensive loss, net of tax (118) (159) (103) (167)
Total comprehensive income $ 36,413 $ 28,966 $ 131,663 $ 127,726
Net income per common share attributable to Texas Roadhouse, Inc. and subsidiaries:        
Basic $ 0.53 $ 0.41 $ 1.86 $ 1.79
Diluted $ 0.52 $ 0.40 $ 1.85 $ 1.78
Weighted average shares outstanding:        
Basic 69,573 71,508 70,896 71,429
Diluted 69,939 72,006 71,287 71,906
Cash dividends declared per share $ 0.30 $ 0.25 $ 0.90 $ 0.75
Restaurant and other sales        
Revenue:        
Revenue $ 645,230 $ 589,704 $ 2,014,720 $ 1,836,179
Franchise royalties and fees        
Revenue:        
Revenue $ 5,259 $ 4,891 $ 16,205 $ 15,358