XML 61 R4.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Statements of Earnings - USD ($)
$ in Thousands
 12 Months Ended
Sep. 29, 2019
Sep. 30, 2018
Oct. 01, 2017
Revenues $ 950,107 $ 869,690 $ 1,097,291
Operating costs and expenses, net:      
Food and packaging 97,699 128,947 206,653
Payroll and employee benefits 100,158 129,089 211,611
Occupancy and other 50,613 71,803 124,367
Total company restaurant costs 248,470 329,839 542,631
Selling, general, and administrative expenses 76,357 104,816 117,280
Depreciation and amortization 55,181 59,422 67,398
Impairment and other charges, net 12,455 18,418 13,169
Gains on the sale of company-operated restaurants (1,366) (46,164) (38,034)
Total operating costs and expenses 747,884 636,243 851,878
Earnings from operations 202,223 233,447 245,413
Other pension and post-retirement expenses, net 1,484 1,833 3,360
Interest expense, net 84,967 45,547 38,148
Earnings from continuing operations and before income taxes 115,772 186,067 203,905
Income taxes 24,025 81,728 75,332
Earnings from continuing operations 91,747 104,339 128,573
Earnings from discontinued operations, net of income taxes 2,690 17,032 6,759
Net earnings $ 94,437 $ 121,371 $ 135,332
Net earnings per share — basic:      
Earnings from continuing operations (in usd per share) $ 3.55 $ 3.66 $ 4.20
Earnings from discontinued operations (in usd per share) 0.10 0.60 0.22
Net earnings per share (in usd per share) [1] 3.66 4.26 4.42
Net earnings per share — diluted:      
Earnings from continuing operations (in usd per share) 3.52 3.62 4.16
Earnings from discontinued operations (in usd per share) 0.10 0.59 0.22
Net earnings per share (in usd per share) [1] 3.62 4.21 4.38
Cash dividends declared per common share (in usd per share) $ 1.60 $ 1.60 $ 1.60
Company restaurant sales      
Revenues $ 336,807 $ 448,058 $ 715,921
Franchise      
Revenues 272,815 259,047 231,578
Operating costs and expenses, net:      
Total company restaurant costs 12,110 11,593 8,811
Franchise occupancy expenses (excluding depreciation and amortization) 166,584 158,319 140,623
Franchise advertising and other services expenses 178,093 0 0
Franchise royalties and other      
Revenues 169,811 162,585 149,792
Franchise contributions for advertising and other services      
Revenues $ 170,674 $ 0 $ 0
[1] Earnings per share may not add due to rounding.