XML 38 R26.htm IDEA: XBRL DOCUMENT v3.25.0.1
Segment Information
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment Information

15. Segment Information

We currently operate in one operating segment: full-service company-owned restaurants and in one geographic area: the United States of America. We do not have intra-entity sales or transfers. Our revenues are comprised of food and beverage sales from our restaurants, including takeout, delivery and catering sales. Our CODM is our interim chief executive officer, and he assesses performance and decides how to allocate resources based on income (loss) from operations, which is also reported on our Consolidated Statements of Operations. Additionally, the measure of segment assets is reported on our Consolidated Balance Sheets as total assets. Our CODM uses net income to evaluate income generated from our segment assets and decides whether to reinvest profits into other parts of our business.

Reported segment revenue and expenses is presented below (in thousands):

 

 

 

Fiscal Year

 

 

 

2024

 

 

2023

 

 

2022

 

Revenues

 

$

1,357,302

 

 

$

1,333,229

 

 

$

1,283,926

 

Less:

 

 

 

 

 

 

 

 

 

Cost of sales

 

 

348,835

 

 

 

344,945

 

 

 

347,463

 

Labor and benefits

 

 

486,330

 

 

 

480,867

 

 

 

474,045

 

Occupancy and operating

 

 

326,544

 

 

 

329,630

 

 

 

317,628

 

Other segment items

 

 

108,768

 

 

 

93,036

 

 

 

79,885

 

Depreciation and amortization

 

 

72,745

 

 

 

70,992

 

 

 

70,385

 

Income (loss) from operations

 

 

14,080

 

 

 

13,759

 

 

 

(5,480

)

 

 

 

 

 

 

 

 

 

 

Reconciliation to net income:

 

 

 

 

 

 

 

 

 

Interest expense, net

 

 

5,484

 

 

 

4,915

 

 

 

2,888

 

Other expense (income), net

 

 

331

 

 

 

(1,256

)

 

 

(60

)

Income tax benefit

 

 

(8,422

)

 

 

(9,560

)

 

 

(12,384

)

Net income

 

$

16,687

 

 

$

19,660

 

 

$

4,076