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Segment Reporting (Tables) | 9 Months Ended
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Sep. 30, 2022
Segment Reporting [Abstract] |
Financial information for reportable segments | Financial information for the Company’s reportable segments was as follows for the periods presented:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30, |  |
(in thousands) |  | 2022 |  | 2021 ¹ |  | 2022 |  | 2021 ¹ |  |
Revenues: |  |  |  |  |  |  |  |  |  |
Company-operated shops |  | $ | 173,501 |  |  | $ | 108,661 |  |  | $ | 464,200 |  |  | $ | 289,548 |  |  |
Franchising and other |  | 25,147 |  |  | 21,142 |  |  | 72,985 |  |  | 68,248 |  |  |
Total revenues |  | 198,648 |  |  | 129,803 |  |  | 537,185 |  |  | 357,796 |  |  |
Cost of sales: |  |  |  |  |  |  |  |  |  |
Company-operated shops |  | 138,781 |  |  | 85,550 |  |  | 381,623 |  |  | 219,407 |  |  |
Franchising and other |  | 9,311 |  |  | 5,229 |  |  | 29,006 |  |  | 19,347 |  |  |
Total cost of sales |  | 148,092 |  |  | 90,779 |  |  | 410,629 |  |  | 238,754 |  |  |
Segment contribution: |  |  |  |  |  |  |  |  |  |
Company-operated shops |  | 44,344 |  |  | 27,405 |  |  | 107,648 |  |  | 81,179 |  |  |
Franchising and other |  | 17,314 |  |  | 17,616 |  |  | 48,319 |  |  | 53,629 |  |  |
Total segment contribution |  | $ | 61,658 |  |  | $ | 45,021 |  |  | $ | 155,967 |  |  | $ | 134,808 |  |  |
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |
Company-operated shops |  | 9,624 |  |  | 4,294 |  |  | 25,071 |  |  | 11,038 |  |  |
Franchising and other |  | 1,478 |  |  | 1,703 |  |  | 4,340 |  |  | 4,728 |  |  |
Total depreciation and amortization |  | 11,102 |  |  | 5,997 |  |  | 29,411 |  |  | 15,766 |  |  |
Selling, general and administrative |  | (45,378) |  |  | (153,700) |  |  | (132,934) |  |  | (223,174) |  |  |
Interest expense, net |  | (5,011) |  |  | (2,393) |  |  | (11,096) |  |  | (5,248) |  |  |
Other expense, net |  | (1,944) |  |  | (1,041) |  |  | (1,662) |  |  | (1,099) |  |  |
Loss before income taxes |  | $ | (1,777) |  |  | $ | (118,110) |  |  | $ | (19,136) |  |  | $ | (110,479) |  |  |
_________________ 1 The Company identified immaterial corrections related to the accrual of employee sick leave and the application of ASC 710, Compensation - General, which resulted in revisions to prior period reported amounts with impacted line items presented below for the three and nine months ended September 30, 2021, respectively. •Decrease in company-operated shops cost of sales (labor costs) of $0.3 million and $1.1 million •Decrease in total cost of sales of $0.3 million and $1.1 million •Increase in company-operated shops gross profit of $0.3 million and $1.1 million •Increase in company-operated shops segment contribution of $0.3 million and $1.1 million •Increase in total gross profit of $0.3 million and $1.1 million •Increase in total segment contribution of $0.3 million and $1.1 million •Decrease in selling, general and administrative expenses of less than $0.1 million and $0.4 million •Increase in income before income taxes of $0.3 million and $1.5 million

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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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