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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 27, 2023
Jun. 28, 2022
Jun. 27, 2023
Jun. 28, 2022
Revenue:        
Total revenue $ 1,171,203 $ 1,024,606 $ 2,345,559 $ 2,012,092
Restaurant operating costs (excluding depreciation and amortization shown separately below):        
Food and beverage 401,204 347,041 811,915 684,437
Labor 391,337 333,042 777,156 654,913
Rent 17,996 16,714 35,824 33,082
Other operating 171,092 152,524 338,621 296,678
Pre-opening 5,671 5,323 11,048 9,614
Depreciation and amortization 37,413 34,420 73,640 68,040
Impairment and closure, net 78 411 133 (235)
General and administrative 51,000 49,213 100,865 89,507
Total costs and expenses 1,075,791 938,688 2,149,202 1,836,036
Income from operations 95,412 85,918 196,357 176,056
Interest income (expense), net 996 (395) 2,234 (792)
Equity income from investments in unconsolidated affiliates 287 545 1,042 879
Income before taxes 96,695 86,068 199,633 176,143
Income tax expense 12,270 11,531 26,604 24,278
Net income including noncontrolling interests 84,425 74,537 173,029 151,865
Less: Net income attributable to noncontrolling interests 2,154 2,118 4,371 4,244
Net income attributable to Texas Roadhouse, Inc. and subsidiaries $ 82,271 $ 72,419 $ 168,658 $ 147,621
Net income per common share attributable to Texas Roadhouse, Inc. and subsidiaries:        
Basic $ 1.23 $ 1.07 $ 2.52 $ 2.16
Diluted $ 1.22 $ 1.07 $ 2.51 $ 2.15
Weighted average shares outstanding:        
Basic 66,974 67,654 66,995 68,370
Diluted 67,229 67,890 67,261 68,631
Cash dividends declared per share $ 0.55 $ 0.46 $ 1.10 $ 0.92
Restaurant and other sales        
Revenue:        
Total revenue $ 1,164,385 $ 1,018,057 $ 2,331,968 $ 1,999,029
Franchise royalties and fees        
Revenue:        
Total revenue $ 6,818 $ 6,549 $ 13,591 $ 13,063