XML 26 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Income (Loss) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
REVENUES      
Sales by Company-operated restaurants $ 2,803,334 $ 2,930,379 $ 3,504,302
Revenues from franchised restaurants 125,296 122,361 146,763
Total revenues 2,928,630 3,052,740 3,651,065
Company-operated restaurant expenses:      
Food and paper (1,012,976) (1,037,487) (1,243,907)
Payroll and employee benefits (607,082) (660,773) (791,677)
Occupancy and other operating expenses (752,428) (793,622) (939,481)
Royalty fees (142,777) (149,089) (173,663)
Franchised restaurants – occupancy expenses (55,098) (54,242) (63,939)
General and administrative expenses (221,075) (270,680) (272,065)
Other operating income (expenses), net 41,386 6,560 (95,476)
Total operating costs and expenses (2,750,050) (2,959,333) (3,580,208)
Operating income 178,580 93,407 70,857
Net interest expense (66,880) (64,407) (72,750)
Loss from derivative instruments (3,065) (2,894) (685)
Foreign currency exchange results 32,354 (54,032) (74,117)
Other non-operating (expenses) income, net (2,360) (627) 146
Income (loss) before income taxes 138,629 (28,553) (76,549)
Income tax expense (59,641) (22,816) (32,479)
Net income (loss) 78,988 (51,369) (109,028)
Less: Net income attributable to non-controlling interests (178) (264) (305)
Net income (loss) attributable to Arcos Dorados Holdings Inc. $ 78,810 $ (51,633) $ (109,333)
Earnings (loss) per share information:      
Basic net income (loss) per common share attributable to Arcos Dorados Holdings Inc. (in dollars per share) $ 0.37 $ (0.25) $ (0.52)
Diluted net income (loss) per common share attributable to Arcos Dorados Holdings Inc. (in dollars per share) $ 0.37 $ (0.25) $ (0.52)