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Segment Information
 6 Months Ended
Jul. 01, 2025
Segment Reporting [Abstract]  
Segment Information

11. 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 Chief Operating Decision Maker (“CODM”) is our chief executive officer and president, 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):

 

 

 

For the Thirteen Weeks Ended

 

 

For the Twenty-Six Weeks Ended

 

 

 

July 1, 2025

 

 

July 2, 2024

 

 

July 1, 2025

 

 

July 2, 2024

 

Revenues

 

$

365,597

 

 

$

349,927

 

 

$

713,570

 

 

$

687,261

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

Cost of sales

 

 

90,396

 

 

 

89,394

 

 

 

176,831

 

 

 

173,928

 

Labor and benefits

 

 

126,322

 

 

 

123,539

 

 

 

249,493

 

 

 

246,333

 

Occupancy and operating

 

 

86,759

 

 

 

82,778

 

 

 

169,536

 

 

 

162,282

 

Other segment items (1)

 

 

22,170

 

 

 

22,832

 

 

 

44,533

 

 

 

47,203

 

Depreciation and amortization

 

 

18,736

 

 

 

18,163

 

 

 

37,013

 

 

 

36,036

 

Income from operations

 

 

21,214

 

 

 

13,221

 

 

 

36,164

 

 

 

21,479

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reconciliation to net income:

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense, net

 

 

1,272

 

 

 

1,259

 

 

 

2,502

 

 

 

2,670

 

Other expense (income), net

 

 

(3,761

)

 

 

(2,772

)

 

 

(3,700

)

 

 

(3,468

)

Income tax expense (benefit)

 

 

1,495

 

 

 

(2,423

)

 

 

1,662

 

 

 

(2,603

)

Net income

 

$

22,208

 

 

$

17,157

 

 

$

35,700

 

 

$

24,880

 

 

(1) Other segment items consist of amounts related to general and administrative expenses, restaurant opening expenses, and loss on disposal of and impairment of assets.