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Segment Reporting | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Segment Reporting | Segment Reporting The chief executive officer is the Company's chief operating decision maker ("CODM"). The CODM uses each segments' revenue and operating profit to assess its performance. The CODM uses revenue and operating profit for each segment primarily in the annual budget and forecasting process, and in the quarterly budget-to-actual analysis when making decisions about the allocation of operating and capital resources to each segment. The CODM also uses operating profit to assess the performance of each segment by comparing the results of each segment with one another and in determining the compensation of certain employees. The CODM does not consider asset information when evaluating operating segments, therefore total segment assets are not presented. Information on segments and a reconciliation of operating profit to income before income taxes is as follows:
|  | Year Ended December 31, 2024
|  | Franchise |  | Company Restaurants |  | Rental |  | Financing |  | Total
|  | (In millions)
Revenues |  | $ | 686.0 |  |  | $ | 9.3 |  |  | $ | 115.3 |  |  | $ | 1.8 |  |  | $ | 812.3 |
Less: Advertising revenue |  | 290.4 |  | — |  | — |  | — |  | 290.4
Revenues excluding advertising revenue |  | 395.5 |  |  | 9.3 |  |  | 115.3 |  |  | 1.8 |  |  | 521.9 |
Less: |  |  |  |  |  |  |  |  |  |
Interest expense from finance leases |  | — |  | — |  | 2.9 |  | — |  | 2.9
Depreciation and amortization |  | 1.4 |  | (0.6) |  | 10.1 |  | — |  | 11.0
Other segment items(a) |  | 48.0 |  | 10.5 |  | 73.9 |  | 0.3 |  | 132.7
Segment profit |  | 346.1 |  |  | (0.6) |  |  | 28.4 |  |  | 1.5 |  |  | 375.3 |
Stock based compensation (direct) |  | 5.7 |  | — |  | — |  | — |  | 5.7
Gain on disposition of assets |  | — |  | (2.2) |  | (1.0) |  | — |  | (3.2)
Other G&A expenses (direct and allocated) |  | 119.3 |  | — |  | — |  | — |  | 119.3
Segment operating profit |  | $ | 221.0 |  |  | $ | 1.6 |  |  | $ | 29.4 |  |  | $ | 1.5 |  |  | $ | 253.5 |
Reconciliation of segment operating profit |  |  |  |  |  |  |  |  |  |
Segment operating profit |  |  |  |  |  |  |  |  |  | $ | 253.5 |
Depreciation and amortization (unallocated) |  |  |  |  |  |  |  |  |  | 17.4
Stock based compensation (unallocated) |  |  |  |  |  |  |  |  |  | 10.2
Other G&A expenses (unallocated) |  |  |  |  |  |  |  |  |  | 44.2
Interest expense, net |  |  |  |  |  |  |  |  |  | 72.1
Closure and impairment charges |  |  |  |  |  |  |  |  |  | 9.3
Amortization of intangible assets |  |  |  |  |  |  |  |  |  | 10.8
Income before income taxes |  |  |  |  |  |  |  |  |  | $ | 89.5 |
|  | Year Ended December 31, 2023
|  | Franchise |  | Company Restaurants |  | Rental |  | Financing |  | Total
|  | (In millions)
Revenues |  | $ | 706.4 |  |  | $ | 2.1 |  |  | $ | 120.0 |  |  | $ | 2.6 |  |  | $ | 831.1 |
Less: Advertising revenue |  | 300.8 |  | — |  | — |  | — |  | 300.8
Revenues excluding advertising revenue |  | 405.6 |  |  | 2.1 |  |  | 120.0 |  |  | 2.6 |  |  | 530.3 |
Less: |  |  |  |  |  |  |  |  |  |
Interest expense from finance leases |  | — |  | — |  | 2.8 |  | — |  | 2.8
Depreciation and amortization |  | 1.1 |  | (0.2) |  | 10.5 |  | — |  | 11.4
Other segment items(a) |  | 42.5 |  | 2.4 |  | 74.2 |  | 0.4 |  | 119.4
Segment profit |  | 362.0 |  |  | 0.0 |  |  | 32.5 |  |  | 2.2 |  |  | 396.7 |
Stock based compensation (direct) |  | 2.5 |  | — |  | — |  | — |  | 2.5
Loss on disposition of assets |  | — |  | 0.2 |  | 0.3 |  | — |  | 0.6
Other G&A expenses (direct and allocated) |  | 126.9 |  | — |  | — |  | — |  | 126.9
Segment operating profit |  | $ | 232.5 |  |  | $ | (0.2) |  |  | $ | 32.2 |  |  | $ | 2.2 |  |  | $ | 266.7 |
Reconciliation of segment operating profit |  |  |  |  |  |  |  |  |  |
Segment operating profit |  |  |  |  |  |  |  |  |  | $ | 266.7 |
Depreciation and amortization (unallocated) |  |  |  |  |  |  |  |  |  | 13.3
Stock based compensation (unallocated) |  |  |  |  |  |  |  |  |  | 9.5
Other G&A expenses (unallocated) |  |  |  |  |  |  |  |  |  | 45.8
Loss on disposition of assets (unallocated) |  |  |  |  |  |  |  |  |  | 1.8
Interest expense, net |  |  |  |  |  |  |  |  |  | 70.1
Closure and impairment charges |  |  |  |  |  |  |  |  |  | 3.6
Amortization of intangible assets |  |  |  |  |  |  |  |  |  | 10.9
Income before income taxes |  |  |  |  |  |  |  |  |  | $ | 111.7 |
|  | Year Ended December 31, 2022
|  | Franchise |  | Company Restaurants |  | Rental |  | Financing |  | Total
|  | (In millions)
Revenues |  | $ | 662.4 |  |  | $ | 126.9 |  |  | $ | 116.5 |  |  | $ | 3.6 |  |  | $ | 909.4 |
Less: Advertising revenue |  | 289.3 |  | — |  | — |  | — |  | 289.3
Revenues excluding advertising revenue |  | 373.1 |  |  | 126.9 |  |  | 116.5 |  |  | 3.6 |  |  | 620.1 |
Less: |  |  |  |  |  |  |  |  |  |
Interest expense from finance leases |  | — |  | — |  | 3.0 |  | — |  | 3.0
Depreciation and amortization |  | 4.8 |  | 0.0 |  | 10.7 |  | — |  | 15.5
Other segment items(a) |  | 27.9 |  | 121.7 |  | 74.3 |  | 0.4 |  | 224.3
Segment profit |  | 340.5 |  |  | 5.2 |  |  | 28.5 |  |  | 3.2 |  |  | 377.3 |
Stock based compensation (direct) |  | 6.0 |  | — |  | — |  | — |  | 6.0
Gain on disposition of assets |  | — |  | 0.0 |  | (2.5) |  | — |  | (2.5)
Other G&A expenses (direct and allocated) |  | 113.5 |  | — |  | — |  | — |  | 113.5
Segment operating profit |  | $ | 221.0 |  |  | $ | 5.2 |  |  | $ | 31.0 |  |  | $ | 3.2 |  |  | $ | 260.3 |
Reconciliation of segment operating profit |  |  |  |  |  |  |  |  |  |
Segment operating profit |  |  |  |  |  |  |  |  |  | $ | 260.3 |
Depreciation and amortization (unallocated) |  |  |  |  |  |  |  |  |  | 11.9
Stock based compensation (unallocated) |  |  |  |  |  |  |  |  |  | 10.1
Other G&A expenses (unallocated) |  |  |  |  |  |  |  |  |  | 49.1
Interest expense, net |  |  |  |  |  |  |  |  |  | 60.9
Closure and impairment charges |  |  |  |  |  |  |  |  |  | 3.1
Amortization of intangible assets |  |  |  |  |  |  |  |  |  | 10.6
Gain on extinguishment of debt |  |  |  |  |  |  |  |  |  | (0.2)
Income before income taxes |  |  |  |  |  |  |  |  |  | $ | 114.8 |
_________________________________ (a)For each reportable segment, the other segment item category includes: Franchise: Costs of proprietary products, bad debt expense, pre-opening training expenses and other franchise-related costs. Company Restaurants: Operating expenses at company-operated restaurants and include food, beverage, labor, benefits, utilities, rent and other operating costs. Rental: Costs of operating leases and interest expense of finance leases on franchisee-operated restaurants. Financing: Costs of restaurant equipment.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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