v3.21.2

RESTAURANT ACQUISITIONS (Tables)

9 Months Ended

Oct. 03, 2021

VIBS Transaction

Restaurant acquisitions

Schedule of allocation of assets acquired and liabilities assumed

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​	​	​	​
(in thousands)	​	​	​
Assets acquired:	​	​	​
Current assets	​	$	708
Property, plant, equipment and leasehold improvements, net	​	​	5,101
Owned properties	​	​	3,148
Franchise agreements	​	​	10,602
Identifiable intangible assets	​	​	2,645
Operating lease right-of-use assets	​	​	14,723
Total identifiable assets acquired	​	​	36,927
Liabilities assumed:	​	​	​
Deferred royalty revenue	​	​	(327)
Other current liabilities	​	​	(772)
Supply chain adjustment	​	​	(117)
Gift card and loyalty liability	​	​	(1,186)
Lease liabilities	​	​	(17,220)
Deferred tax liability	​	​	(1,111)
Net assets acquired	​	​	16,194
Gain on bargain purchase	​	​	(3,203)
Total consideration transferred	​	$	12,991

Schedule of pro forma information

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Three Months Ended

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Nine Months Ended

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October 3, 2021

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September 27, 2020

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October 3, 2021

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September 27, 2020

(in thousands)

​

​

​

​

​

​

​

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Pro forma revenues

​

$

59,340

​

$

46,242

​

$

167,041

​

$

118,692

Pro forma net income attributable to shareholders

​

$

5,197

​

$

813

​

$

24,149

​

$

9,209

Basic pro forma net income per share attributable to shareholders

​

$

0.50

​

$

0.09

​

$

2.51

​

$

1.01

Diluted pro forma net income per share attributable to shareholders

​

$

0.50

​

$

0.09

​

$

2.48

​

$

1.01

Famous Daves Restaurants Acquired

Restaurant acquisitions

Schedule of allocation of assets acquired and liabilities assumed

​

​	​	​	​
(in thousands)	​	​	​
Assets acquired:	​	​	​
Property, plant, equipment and leasehold improvements, net	​	$	641
Operating lease right-of-use assets	​	​	4,616
Total identifiable assets acquired	​	​	5,257
Liabilities assumed:	​	​	​
Gift card liability	​	​	(16)
Lease liabilities	​	​	(4,610)
Net assets acquired	​	​	631
Goodwill	​	​	469
Total consideration transferred	​	$	1,100

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