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Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

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.

X

- 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.

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