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Segments (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information by Segment

Information on segments is as follows:

						Three Months Ended September 30,												Nine Months Ended September 30,
						2023						2022						2023						2022
						(In millions)
Revenues from external customers:
Franchise operations						172.5						$	164.9					530.4						$	494.4
Rental operations						29.1						29.2						90.5						87.1
Company restaurants						0.3						38.2						1.8						117.2
Financing operations						0.6						0.9						2.0						2.8
Total						$	202.6					$	233.2					$	624.8					$	701.4
Interest expense:
Rental operations						$	0.9					$	1.1					$	2.9					$	3.2
Company restaurants						—						0.7						—						2.4
Corporate						19.1						15.3						51.5						46.2
Total						$	20.0					$	17.1					$	54.4					$	51.8
Depreciation and amortization:
Franchise operations						$	2.4					$	2.5					$	7.3					$	7.5
Rental operations						2.6						2.7						7.8						8.0
Company restaurants						0.0						0.5						0.0						4.3
Corporate						3.6						3.2						11.1						9.1
Total						$	8.6					$	8.9					$	26.2					$	28.9
Gross profit by segment:
Franchise operations						$	89.4					$	84.6					$	271.6					$	253.8
Rental operations						7.4						7.2						24.9						21.1
Company restaurants						0.0						1.7						0.0						5.4
Financing operations						0.5						0.8						1.7						2.5
Total gross profit						97.3						94.3						298.3						282.8
Corporate and unallocated expenses, net						(72.4)						(65.6)						(212.7)						(187.4)
Income before income taxes						$	24.9					$	28.7					$	85.6					$	95.4

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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- References

No definition available.

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