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Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Schedule of future minimum rental payments for operating leases

As of December 31, 2023, maturities of lease liabilities under existing operating leases are:

						Restaurant						Other						Total
2024						$	149,121					$	6,162					$	155,283
2025						143,698						5,347						149,045
2026						137,788						4,549						142,337
2027						132,948						3,614						136,562
2028						127,169						1,572						128,741
Thereafter						1,001,831						4,380						1,006,211
Total lease payments						$	1,692,555					$	25,624					$	1,718,179
Lease discount																		(771,565)
Operating lease liability																		$	946,614

Schedule of components of lease cost

The following table is a summary of the Company’s components of lease cost for fiscal years 2023, 2022 and 2021:

Lease Expense						Statements of Income Location						2023						2022			2021
Operating lease expense - Minimum rentals:
Company-operated restaurants						Occupancy and other operating expenses						$	(131,613)					$	(117,723)		$	(94,254)
Franchised restaurants						Franchised restaurants - occupancy expenses						(47,975)						(44,656)			(29,969)
General and administrative						General and administrative expenses						(8,472)						(6,746)			(6,590)
Subtotal												(188,060)						(169,125)			(130,813)
Variable lease expense - Contingent rentals based on sales:
Company-operated restaurants						Occupancy and other operating expenses						(46,861)						(36,322)			(27,262)
Franchised restaurants						Franchised restaurants - occupancy expenses						(15,603)						(10,810)			(9,505)
Subtotal												(62,464)						(47,132)			(36,767)
Total lease expense												$	(250,524)					$	(216,257)		$	(167,580)

Other information

2023

Weighted-average remaining lease term (years)

Operating leases

7

Weighted-average discount rate

Operating leases

6.5%

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-4

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X

- References

No definition available.

+ Details

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Namespace Prefix:	us-gaap_
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X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

+ Details

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