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Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Rental revenues $ 31,951 $ 28,807
Total revenues 213,767 230,423
Cost of revenues:    
Franchise expenses 87,366 78,032
Bad debt expense (credit) 923 (299)
Company restaurant expenses 1,079 37,408
Interest expense from finance leases 709 768
Other rental expenses 20,899 21,355
Total rental expenses 21,608 22,123
Financing expenses 98 107
Total cost of revenues 110,151 137,670
Gross profit 103,616 92,753
General and administrative expenses 51,087 41,548
Interest expense, net 14,709 15,533
Closure and impairment charges 467 146
Amortization of intangible assets 2,774 2,665
Gain on extinguishment of debt (1,661) 0
Loss (gain) on disposition of assets 71 (1,296)
Income before income taxes 36,169 34,157
Income tax provision (8,759) (9,307)
Net income 27,410 24,850
Other comprehensive income net of tax:    
Foreign currency translation adjustment 1 (1)
Total comprehensive income 27,411 24,849
Net income available to common stockholders:    
Net income 27,410 24,850
Less: Net income allocated to unvested participating restricted stock (679) (598)
Net income available to common stockholders $ 26,731 $ 24,252
Net income available to common stockholders per share:    
Basic (USD per share) $ 1.75 $ 1.45
Diluted (USD per share) $ 1.74 $ 1.45
Weighted average shares outstanding:    
Basic (in shares) 15,304 16,722
Diluted (in shares) 15,339 16,758
Franchise Revenue:    
Revenues:    
Revenue from contract with customer $ 179,962 $ 161,232
Royalties, franchise fees and other    
Revenues:    
Revenue from contract with customer 102,925 90,349
Advertising revenues    
Revenues:    
Revenue from contract with customer 77,037 70,883
Company restaurant sales    
Revenues:    
Revenue from contract with customer 1,057 39,416
Financing revenues    
Revenues:    
Revenue from contract with customer 797 968
Advertising fees    
Revenues:    
Revenue from contract with customer 77,037 70,883
Cost of revenues:    
Franchise expenses 77,037 70,883
Other franchise expenses    
Cost of revenues:    
Franchise expenses $ 9,406 $ 7,448