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Segment Reporting (Tables) | 3 Months Ended
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Mar. 31, 2024
Segment Reporting [Abstract] |
Schedule of Financial Information for Reportable Segments | Financial information for the Company’s reportable segments was as follows for the periods presented:
|  | Three Months Ended March 31, |  |
(in thousands) |  | 2024 |  | 2023 |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |
Company-operated shops |  | $ | 248,085 |  |  | $ | 173,164 |  |  |  |  |  |  |
Franchising and other |  | 27,014 |  |  | 24,103 |  |  |  |  |  |  |
Total revenues |  | 275,099 |  |  | 197,267 |  |  |  |  |  |  |
Cost of sales: |  |  |  |  |  |  |  |  |  |
Company-operated shops |  | 193,780 |  |  | 144,292 |  |  |  |  |  |  |
Franchising and other |  | 9,546 |  |  | 7,231 |  |  |  |  |  |  |
Total cost of sales |  | 203,326 |  |  | 151,523 |  |  |  |  |  |  |
Segment contribution: |  |  |  |  |  |  |  |  |  |
Company-operated shops |  | 73,999 |  |  | 41,873 |  |  |  |  |  |  |
Franchising and other |  | 18,763 |  |  | 18,233 |  |  |  |  |  |  |
Total segment contribution |  | $ | 92,762 |  |  | $ | 60,106 |  |  |  |  |  |  |
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |
Company-operated shops |  | 19,694 |  |  | 13,001 |  |  |  |  |  |  |
Franchising and other |  | 1,295 |  |  | 1,361 |  |  |  |  |  |  |
Total depreciation and amortization |  | 20,989 |  |  | 14,362 |  |  |  |  |  |  |
Selling, general and administrative |  | (46,194) |  |  | (45,976) |  |  |  |  |  |  |
Interest expense, net |  | (6,393) |  |  | (7,886) |  |  |  |  |  |  |
Other income, net |  | 5,801 |  |  | 1,307 |  |  |  |  |  |  |
Income (loss) before income taxes |  | $ | 24,987 |  |  | $ | (6,811) |  |  |  |  |  |  |

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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 -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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