XML 72 R46.htm IDEA: XBRL DOCUMENT v3.25.0.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The provision for income taxes for the years ended December 31, 2024, 2023 and 2022 was as follows:

			Year Ended December 31,
			2024						2023						2022
			(In millions)
Current
Federal			$	25.0					$	25.6					$	27.5
State			3.8						0.6						5.5
Foreign			2.0						2.2						1.8
			30.8						28.4						34.8
Deferred
Federal			(8.1)						(1.2)						(3.8)
State			2.0						(12.6)						2.7
			(6.1)						(13.8)						(1.1)
Provision for income taxes			$	24.7					$	14.5					$	33.7

Schedule of Effective Income Tax Rate Reconciliation

The provision for income taxes differs from the expected federal income tax rates as follows:

			Year Ended December 31,
			2024						2023						2022
Statutory federal income tax rate			21.0		%				21.0		%				21.0		%
Non-deductibility of goodwill			0.4						—						0.8
Non-deductibility of officer's compensation			1.1						1.1						2.9
State and other taxes, net of federal tax benefit			3.9						3.8						3.1
State income tax audit settlement			—						(13.5)						—
Excess tax deficiencies or (benefits)			1.2						(0.7)						(0.5)
Change in unrecognized tax benefits			—						1.1						—
Change in valuation allowance			0.8						0.7						(0.3)
Changes in tax rates and state tax laws			0.6						—						3.4
General business credits			(0.7)						(0.7)						(1.4)
Other			(0.8)						0.2						0.3
Effective tax rate			27.5		%				13.0		%				29.3		%

Schedule of Deferred Tax Assets and Liabilities

Net deferred tax assets (liabilities) at December 31, 2024 and 2023 consisted of the following components:

			2024						2023
			(In millions)
Lease liabilities			$	104.3					$	93.2
Employee compensation			8.8						9.4
Revenue recognition			38.9						37.2
Tax attributes			13.5						14.9
Other			8.1						4.5
Deferred tax assets			173.6						159.2
Valuation allowance			(5.0)						(4.4)
Total deferred tax assets after valuation allowance			168.6						154.8
Recognition of franchise and equipment sales			(3.3)						(4.9)
Capitalization and depreciation(1)			(122.1)						(123.7)
Lease assets			(96.1)						(85.5)
Other			(1.7)						(1.5)
Deferred tax liabilities			(223.2)						(215.6)
Net deferred tax liabilities			$	(54.6)					$	(60.8)

______________________________

(1) Primarily related to the 2007 Applebee's acquisition.

Schedule of Unrecognized Tax Benefits Roll Forward

			Year Ended December 31,
			2024						2023						2022
			(In millions)
Unrecognized tax benefit as of January 1			$	3.5					$	2.1					$	1.9
Changes for tax positions of prior years			—						—						0.1
Increases for tax positions related to the current year			0.4						1.9						0.4
Decreases relating to settlements and lapsing of statutes of limitations			(1.4)						(0.5)						(0.3)
Unrecognized tax benefit as of December 31			$	2.5					$	3.5					$	2.1

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-9

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-2

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 217
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-217

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-15A

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration