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Condensed Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Rental revenues $ 27,017 $ 27,991 $ 81,197 $ 86,546
Financing revenues 296 422 931 1,421
Total revenues 216,166 195,034 661,730 607,536
Cost of revenues:        
Franchise expenses 78,451 79,727 246,088 251,153
Bad debt expense (credit) 489 151 3,686 (395)
Company restaurant expenses 32,020 304 84,934 915
Interest expense from finance leases 553 729 1,957 2,208
Other rental expenses 20,527 20,879 61,479 63,005
Total rental expenses 21,080 21,608 63,436 65,213
Financing expenses 62 76 180 241
Total cost of revenues 131,613 101,715 394,638 317,522
Gross profit 84,553 93,319 267,092 290,014
General and administrative expenses 50,200 45,390 152,306 144,435
Interest expense, net 20,791 18,369 56,317 54,291
Closure and impairment charges 612 366 7,613 1,442
Amortization of intangible assets 2,905 2,724 8,315 8,169
Loss on extinguishment of debt 0 0 850 0
(Gain) loss on disposition of assets (19) 6 (99) (57)
Income before income taxes 10,064 26,464 41,790 81,734
Income tax provision (2,738) (7,403) (12,453) (22,018)
Net income 7,326 19,061 29,337 59,716
Other comprehensive income (loss) net of tax:        
Foreign currency translation adjustment (2) 2 1 (3)
Total comprehensive income 7,324 19,063 29,338 59,713
Net income available to common stockholders:        
Net income 7,326 19,061 29,337 59,716
Less: Net income allocated to unvested restricted stock (342) (553) (1,250) (1,760)
Net income available to common stockholders $ 6,984 $ 18,508 $ 28,087 $ 57,956
Net income available to common stockholders per share:        
Basic (in dollars per share) $ 0.48 $ 1.24 $ 1.90 $ 3.88
Diluted (in dollars per share) $ 0.48 $ 1.24 $ 1.90 $ 3.88
Weighted average shares outstanding:        
Basic (in shares) 14,410 14,897 14,751 14,940
Diluted (in shares) 14,410 14,897 14,751 14,940
Franchise Revenues:        
Revenues:        
Revenue from contract with customer $ 161,346 $ 166,354 $ 502,279 $ 518,729
Royalties, franchise fees and other        
Revenues:        
Revenue from contract with customer 93,100 96,565 290,034 299,161
Advertising revenues        
Revenues:        
Revenue from contract with customer 68,246 69,789 212,245 219,568
Company restaurant sales        
Revenues:        
Revenue from contract with customer 27,507 267 77,323 840
Advertising revenues        
Revenues:        
Revenue from contract with customer 68,200 69,800 212,200 219,600
Cost of revenues:        
Franchise expenses 68,246 69,789 212,245 219,568
Other franchise expenses        
Cost of revenues:        
Franchise expenses $ 9,716 $ 9,787 $ 30,157 $ 31,980