XML 43 R25.htm IDEA: XBRL DOCUMENT v3.24.0.1
Segment Reporting
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
Information on segments and a reconciliation of gross profit to income before income taxes is as follows:
 Year Ended December 31,
 202320222021
 (In millions) 
Revenues
Franchise operations$706.4 $662.4 $631.9 
Rental operations120.0 116.5 113.9 
Company restaurants2.1 126.9 146.0 
Financing operations2.6 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 operations32.5 28.5 26.1 
Company restaurants0.0 5.1 9.3 
Financing operations2.2 3.2 3.8 
Total gross profit396.7 377.3 375.2 
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 
Corporate70.0 60.7 63.3 
Total$74.0 $67.6 $71.5 
Depreciation and amortization   
Franchise operations$9.8 $10.0 $10.1 
Rental operations10.5 10.7 11.1 
Company restaurants0.04.3 7.0 
Corporate15.3 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 restaurants1.7 — 3.7 
Corporate0.3 — — 
Total$3.6 $3.1 $5.4 
Capital expenditures   
Company restaurants$0.3 $4.3 $6.5 
Corporate36.9 31.0 10.3 
Total$37.2 $35.3 $16.8 
 Year Ended December 31,
 202320222021
 (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 operations375.3 390.6 426.6 
Company restaurants1.4 3.3 117.2 
Financing operations25.4 31.8 39.7 
Corporate248.0 332.8 424.9 
Total$1,740.3 $1,881.5 $1,999.4