XML 63 R45.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Segment Reporting (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Information on segments and a reconciliation of gross profit to income before income taxes is as follows:
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
|  |  | (In millions) |  |
Revenues |  |  |  |  |
Franchise operations | $ | 706.4 |  |  | $ | 662.4 |  |  | $ | 631.9 |
Rental operations | 120.0 |  |  | 116.5 |  |  | 113.9 |
Company restaurants | 2.1 |  |  | 126.9 |  |  | 146.0 |
Financing operations | 2.6 |  |  | 3.6 |  |  | 4.3 |
Total | $ | 831.1 |  |  | $ | 909.4 |  |  | $ | 896.2 |
Gross profit (loss), by segment |  |  |  |  |
Franchise operations | $ | 362.0 |  |  | $ | 340.5 |  |  | $ | 336.0 |
Rental operations | 32.5 |  |  | 28.5 |  |  | 26.1 |
Company restaurants | 0.0 |  |  | 5.1 |  |  | 9.3 |
Financing operations | 2.2 |  |  | 3.2 |  |  | 3.8 |
Total gross profit | 396.7 |  |  | 377.3 |  |  | 375.2 |
Corporate and unallocated expenses, net | (285.0) |  |  | (262.6) |  |  | (253.3) |
Income before income taxes | $ | 111.7 |  |  | $ | 114.8 |  |  | $ | 121.9 |
Interest expense |  |  |  |  |
Rental operations | $ | 4.0 |  |  | $ | 4.3 |  |  | $ | 4.9 |
Company restaurants | — |  |  | 2.6 |  |  | 3.3 |
Corporate | 70.0 |  |  | 60.7 |  |  | 63.3 |
Total | $ | 74.0 |  |  | $ | 67.6 |  |  | $ | 71.5 |
Depreciation and amortization |  |  |  |  |
Franchise operations | $ | 9.8 |  |  | $ | 10.0 |  |  | $ | 10.1 |
Rental operations | 10.5 |  |  | 10.7 |  |  | 11.1 |
Company restaurants | 0.0 |  | 4.3 |  |  | 7.0 |
Corporate | 15.3 |  |  | 13.0 |  |  | 11.7 |
Total | $ | 35.6 |  |  | $ | 38.0 |  |  | $ | 39.9 |
Goodwill and intangible assets, closure and other impairment charges |  |  |  |  |
Franchise operations | $ | 1.6 |  |  | $ | 3.1 |  |  | $ | 1.7 |
Company restaurants | 1.7 |  |  | — |  |  | 3.7 |
Corporate | 0.3 |  |  | — |  |  | — |
Total | $ | 3.6 |  |  | $ | 3.1 |  |  | $ | 5.4 |
Capital expenditures |  |  |  |  |
Company restaurants | $ | 0.3 |  |  | $ | 4.3 |  |  | $ | 6.5 |
Corporate | 36.9 |  |  | 31.0 |  |  | 10.3 |
Total | $ | 37.2 |  |  | $ | 35.3 |  |  | $ | 16.8 |
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
|  |  | (In millions) |  |
Goodwill |  |  |  |  |
Franchise operations | $ | 254.1 |  |  | $ | 254.0 |  |  | $ | 247.0 |
Company restaurants | — |  |  | — |  |  | 4.6 |
Total | $ | 254.1 |  |  | $ | 254.0 |  |  | $ | 251.6 |
Total assets |  |  |  |  |
Franchise operations | $ | 1,090.2 |  |  | $ | 1,123.0 |  |  | $ | 991.0 |
Rental operations | 375.3 |  |  | 390.6 |  |  | 426.6 |
Company restaurants | 1.4 |  |  | 3.3 |  |  | 117.2 |
Financing operations | 25.4 |  |  | 31.8 |  |  | 39.7 |
Corporate | 248.0 |  |  | 332.8 |  |  | 424.9 |
Total | $ | 1,740.3 |  |  | $ | 1,881.5 |  |  | $ | 1,999.4 |

X
- 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 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration