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Consolidated Statements of Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Rental revenues $ 26,142 $ 29,009
Total revenues 204,199 206,884
Cost of revenues:    
Franchise expenses 64,943 69,450
Company restaurant expenses 32,884 30,332
Interest expense from finance leases 962 1,210
Other rental expenses 19,996 21,323
Total rental expenses 20,958 22,533
Financing expenses 128 142
Total cost of revenues 118,913 122,457
Gross profit 85,286 84,427
General and administrative expenses 39,911 37,608
Interest expense, net 16,496 15,172
Closure and impairment charges (credit) 2,010 (12)
Amortization of intangible assets 2,688 2,826
Loss (gain) on disposition of assets 167 (233)
Income before income taxes 24,014 29,066
Income tax benefit (provision) 1,589 (6,738)
Net income 25,603 22,328
Other comprehensive income net of tax:    
Foreign currency translation adjustment (1) 0
Total comprehensive income 25,602 22,328
Net income available to common stockholders:    
Net income 25,603 22,328
Less: Net income allocated to unvested participating restricted stock (548) (748)
Net income available to common stockholders $ 25,055 $ 21,580
Net income available to common stockholders per share:    
Basic (USD per share) $ 1.52 $ 1.33
Diluted (USD per share) $ 1.51 $ 1.31
Weighted average shares outstanding:    
Basic (in shares) 16,460 16,263
Diluted (in shares) 16,630 16,470
Franchise revenues    
Revenues:    
Revenue from contract with customer $ 140,976 $ 145,037
Royalties, franchise fees and other    
Revenues:    
Revenue from contract with customer 80,091 83,314
Advertising revenues    
Revenues:    
Revenue from contract with customer 60,885 61,723
Company restaurant sales    
Revenues:    
Revenue from contract with customer 35,949 31,300
Financing revenues    
Revenues:    
Revenue from contract with customer 1,132 1,538
Advertising fees    
Revenues:    
Revenue from contract with customer 60,885 61,723
Cost of revenues:    
Franchise expenses 60,885 61,723
Bad debt (credit) expense    
Cost of revenues:    
Franchise expenses (1,993) 518
Other franchise expenses    
Cost of revenues:    
Franchise expenses $ 6,051 $ 7,209