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Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Rental revenues $ 119,970 $ 116,491 $ 113,933
Total revenues 831,068 909,402 896,167
Cost of revenues:      
Franchise expenses 344,403 321,908 295,887
Bad debt expense (credit) 2,659 261 (4,928)
Company restaurant expenses 2,136 121,722 136,748
Interest expense from finance leases 2,771 2,962 3,446
Other rental expenses 84,705 85,033 84,397
Total rental expenses 87,476 87,995 87,843
Financing expenses 369 419 464
Total cost of revenues 434,384 532,044 520,942
Gross profit 396,684 377,358 375,225
General and administrative expenses 198,057 190,746 171,838
Interest expense, net 70,047 60,952 63,297
Closure and impairment charges 3,594 3,062 5,409
Amortization of intangible assets 10,923 10,559 10,679
Loss (gain) on extinguishment of debt 10 (210) 34
Loss (gain) on disposition of assets 2,350 (2,536) 2,045
Income before income taxes 111,703 114,785 121,923
Income tax provision (14,527) (33,674) (24,059)
Net income 97,176 81,111 97,864
Other comprehensive income net of tax:      
Foreign currency translation adjustment 1 (6) (4)
Total comprehensive income 97,177 81,105 97,860
Net income available to common stockholders:      
Net income 97,176 81,111 97,864
Less: Net income allocated to unvested participating restricted stock (2,317) (2,174) (2,295)
Net income available to common stockholders $ 94,859 $ 78,937 $ 95,569
Net income available to common stockholders per share:      
Basic (in dollars per share) $ 6.23 $ 4.97 $ 5.69
Diluted (in dollars per share) $ 6.22 $ 4.96 $ 5.66
Weighted average shares outstanding:      
Basic (in shares) 15,233 15,873 16,799
Diluted (in shares) 15,242 15,901 16,890
Franchise Revenues      
Revenues:      
Revenue from contract with customer $ 706,365 $ 662,438 $ 631,936
Royalties, franchise fees and other      
Revenues:      
Revenue from contract with customer 405,569 373,110 357,146
Advertising revenues      
Revenues:      
Revenue from contract with customer 300,796 289,328 274,790
Company restaurants      
Revenues:      
Revenue from contract with customer 2,128 126,869 146,000
Financing revenues      
Revenues:      
Revenue from contract with customer 2,605 3,604 4,298
Advertising fees      
Revenues:      
Revenue from contract with customer 300,796 289,328 274,790
Cost of revenues:      
Franchise expenses 300,962 287,063 272,303
Other franchise expenses      
Cost of revenues:      
Franchise expenses $ 40,782 $ 34,584 $ 28,512