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Segment Information
 12 Months Ended
Dec. 27, 2023
Segment Reporting [Abstract]  
Segment Information Segment Information
We manage our business by brand and as a result have identified two operating segments, Denny’s and Keke’s. In addition, we have identified Denny’s as a reportable segment. The Denny’s reportable segment includes the results of all company and franchised and licensed Denny’s restaurants. Our Keke’s operating segment, which includes the results of all company and franchise restaurants, is included in Other.

The primary sources of revenues for all operating segments are the sale of food and beverages at our company restaurants and the collection of royalties, advertising revenue, initial and other fees, including occupancy revenue, from restaurants operated by our franchisees. We do not rely on any major customer as a source of sales and the customers and assets of all operating segments are located predominantly in the United States. There are no material transactions between segments.
Management’s measure of segment income is restaurant-level operating margin. The Company defines restaurant-level operating margin as operating income excluding the following three items: general and administrative expenses, depreciation and amortization, goodwill impairment charges, and operating (gains), losses and other charges, net. The Company excludes general and administrative expenses, which include primarily non restaurant-level costs associated with support of company and franchised restaurants and other activities at their corporate office. The Company excludes depreciation and amortization expense, substantially all of which is related to company restaurant-level assets, because such expenses represent historical sunk costs which do not reflect current cash outlays for the restaurants. The Company excludes operating (gains), losses and other charges, net, to provide a clearer perspective of its ongoing operating performance and a more relevant comparison to prior period results. Restaurant-level operating margin is used by our chief operating decision maker (“CODM”) to evaluate restaurant-level operating efficiency and performance.

The following tables present revenues by segment and a reconciliation of restaurant-level operating margin to net income:
Fiscal Year Ended
December 27, 2023December 28, 2022December 29, 2021
Revenues by operating segment:(In thousands)
Denny’s$443,106 $447,687 $398,174 
Other20,816 8,742 — 
Total operating revenue$463,922 $456,429 $398,174 
Segment income:
Denny’s$146,833 $138,555 $142,102 
Other7,038 3,089 — 
Total restaurant-level operating margin$153,871 $141,644 $142,102 
General and administrative expenses$77,770 $67,173 $68,686 
Depreciation and amortization14,385 14,862 15,446 
Goodwill impairment charges6,363 — — 
Operating (gains), losses and other charges, net2,530 (1,005)(46,105)
Total other operating expenses101,048 81,030 38,027 
Operating income52,823 60,614 104,075 
Interest expense, net17,597 13,769 15,148 
Other nonoperating expense (income), net8,288 (52,585)(15,176)
Net income before income taxes26,938 99,430 104,103 
Provision for income taxes6,993 24,718 26,030 
Net income $19,945 $74,712 $78,073 

Fiscal Year Ended
December 27, 2023December 28, 2022
Segment assets:(In thousands)
Denny’s$340,136 $394,051 
Other124,682 104,284 
Total assets$464,818 $498,335