XML 15 R4.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 26, 2023
Sep. 27, 2022
Sep. 26, 2023
Sep. 27, 2022
Revenue:        
Total revenue $ 1,121,752 $ 993,298 $ 3,467,311 $ 3,005,390
Restaurant operating costs (excluding depreciation and amortization shown separately below):        
Food and beverage 386,184 342,032 1,198,099 1,026,469
Labor 378,814 330,219 1,155,970 985,132
Rent 18,177 16,703 54,001 49,785
Other operating 169,225 146,036 507,846 442,714
Pre-opening 8,663 5,701 19,711 15,315
Depreciation and amortization 39,124 33,735 112,764 101,775
Impairment and closure, net (2) 772 131 537
General and administrative 47,708 42,812 148,573 132,319
Total costs and expenses 1,047,893 918,010 3,197,095 2,754,046
Income from operations 73,859 75,288 270,216 251,344
Interest income (expense), net 496 (85) 2,730 (877)
Equity income from investments in unconsolidated affiliates 139 190 1,181 1,069
Income before taxes 74,494 75,393 274,127 251,536
Income tax expense 8,870 11,430 35,474 35,708
Net income including noncontrolling interests 65,624 63,963 238,653 215,828
Less: Net income attributable to noncontrolling interests 1,836 1,635 6,207 5,879
Net income attributable to Texas Roadhouse, Inc. and subsidiaries $ 63,788 $ 62,328 $ 232,446 $ 209,949
Net income per common share attributable to Texas Roadhouse, Inc. and subsidiaries:        
Basic $ 0.96 $ 0.93 $ 3.47 $ 3.09
Diluted $ 0.95 $ 0.93 $ 3.46 $ 3.08
Weighted average shares outstanding:        
Basic 66,779 66,886 66,923 67,875
Diluted 67,014 67,159 67,179 68,140
Cash dividends declared per share $ 0.55 $ 0.46 $ 1.65 $ 1.38
Restaurant and other sales        
Revenue:        
Total revenue $ 1,115,224 $ 986,999 $ 3,447,192 $ 2,986,028
Franchise royalties and fees        
Revenue:        
Total revenue $ 6,528 $ 6,299 $ 20,119 $ 19,362