XML 35 R18.htm IDEA: XBRL DOCUMENT v3.23.1
STOCKHOLDERS’ DEFICIT
3 Months Ended
Apr. 16, 2023
Stockholders' Equity Note [Abstract]  
STOCKHOLDERS’ DEFICIT STOCKHOLDERS’ DEFICIT
Summary of changes in stockholders’ deficit A reconciliation of the beginning and ending amounts of stockholders’ deficit is presented below (in thousands):
Number
of Shares
AmountCapital in
Excess of
Par Value
Retained
Earnings
Accumulated
Other
Comprehensive
Loss
Treasury
Stock
Total
Balance at October 2, 202282,581 $826 $508,323 $1,842,947 $(53,982)$(3,034,306)$(736,192)
Shares issued under stock plans, including tax benefit36 — — — — — — 
Share-based compensation— — 3,534 — — — 3,534 
Dividends declared— — 67 (9,221)— — (9,154)
Purchases of treasury stock— — — — — (14,999)(14,999)
Net earnings— — — 53,254 — — 53,254 
Other comprehensive income— — — — 489 — 489 
Balance at January 22, 202382,617 $826 $511,924 $1,886,980 $(53,493)$(3,049,305)$(703,068)
Shares issued under stock plans, including tax benefit12 — — — — — — 
Share-based compensation— — 2,398 — — — 2,398 
Dividends declared— — 73 (9,139)— — (9,066)
Purchases of treasury stock— — — — — (18,580)(18,580)
Net earnings— — — 26,507 — — 26,507 
Other comprehensive income— — — — 366 — 366 
Balance at April 16, 202382,629 $826 $514,395 $1,904,348 $(53,127)$(3,067,885)$(701,443)
Number
of Shares
AmountCapital in
Excess of
Par Value
Retained
Earnings
Accumulated
Other
Comprehensive
Loss
Treasury
Stock
Total
Balance at October 3, 202182,536 $825 $500,441 $1,764,412 $(74,254)$(3,009,306)$(817,882)
Shares issued under stock plans, including tax benefit28 48 — — — 49 
Share-based compensation— — 1,018 — — — 1,018 
Dividends declared— — 63 (9,320)— — (9,257)
Net earnings— — — 39,270 — — 39,270 
Other comprehensive income— — — — 738 — 738 
Balance at January 23, 202282,564 $826 $501,570 $1,794,362 $(73,516)$(3,009,306)$(786,064)
Shares issued under stock plans, including tax benefit— — — — 
Share-based compensation— — 2,916 — — — 2,916 
Dividends declared— — 65 (9,334)— — (9,269)
Fair value of assumed Del Taco RSAs attributable to pre-combination service— — 449 — — — 449 
Net earnings— — — 7,796 — — 7,796 
Other comprehensive income— — — — 553 — 553 
Balance at April 17, 202282,569 $826 $505,002 $1,792,824 $(72,963)$(3,009,306)$(783,617)
Repurchases of common stock The Company repurchased 0.4 million shares of its common stock in fiscal 2023 for an aggregate cost of $33.6 million, including applicable excise tax. Repurchases of common stock included in our consolidated statements of cash flows for fiscal 2023 excludes $1.0 million, related to repurchase transactions traded in the second quarter that settled in the next quarter. As of April 16, 2023, there was $141.6 million remaining under share repurchase programs authorized by the Board of Directors which expire in November 2023.
Dividends — Through April 16, 2023, the Board of Directors declared two cash dividends of $0.44 per common share totaling $18.4 million. Future dividends are subject to approval by our Board of Directors.