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Segments (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information by Segment

Information on segments is as follows:

						Three Months Ended June 30,												Six Months Ended June 30,
						2024						2023						2024						2023
						(In millions)
Revenues from external customers:
Franchise operations						$	176.5					$	177.9					$	352.4					$	357.9
Rental operations						29.0						29.4						58.6						61.4
Company restaurants						0.3						0.5						0.6						1.5
Financing operations						0.5						0.6						1.0						1.4
Total revenues from external customers						$	206.3					$	208.4					$	412.5					$	422.2
Interest expense:
Rental operations						$	1.0					$	1.0					$	2.1					$	2.0
Company restaurants						—						—						—						—
Corporate						17.8						17.8						35.9						32.5
Total interest expense						$	18.8					$	18.8					$	38.0					$	34.5
Depreciation and amortization:
Franchise operations						$	2.4					$	2.4					$	4.7					$	4.9
Rental operations						2.6						2.6						5.2						5.3
Company restaurants						0.0						0.0						0.0						0.0
Corporate						4.8						3.3						9.5						7.5
Total depreciation and amortization						$	9.7					$	8.4					$	19.4					$	17.7
Gross profit by segment:
Franchise operations						$	91.5					$	89.6					$	180.9					$	182.2
Rental operations						7.4						7.2						15.0						17.5
Company restaurants						0.0						0.0						0.0						0.0
Financing operations						0.4						0.5						0.8						1.2
Total gross profit						99.3						97.3						196.7						201.0
Corporate and unallocated expenses, net						(68.0)						(72.9)						(141.4)						(140.4)
Income before income taxes						$	31.2					$	24.4					$	55.3					$	60.6

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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 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: 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 3: 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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X

- References

No definition available.

+ Details

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