v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Per Share data, unless otherwise specified
|
3 Months Ended |
6 Months Ended |
|
|
|
|
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS |
|
|
|
|
Revenues |
$ 228,132 |
$ 119,886 |
$ 346,372 |
$ 223,316 |
Restaurant operating costs and expenses |
|
|
|
|
Cost of sales |
66,765 |
37,172 |
103,086 |
70,087 |
Labor expenses |
71,465 |
31,970 |
103,372 |
60,017 |
Occupancy expenses |
18,896 |
7,717 |
27,450 |
15,249 |
Other operating expenses |
48,039 |
19,655 |
69,843 |
38,223 |
General and administrative |
16,611 |
8,044 |
26,902 |
14,267 |
Depreciation and amortization |
7,356 |
4,200 |
12,169 |
8,149 |
Pre-opening costs |
1,477 |
1,430 |
2,568 |
2,958 |
Restaurant impairments and closures |
14 |
57 |
31 |
106 |
Loss on disposal of property and equipment |
197 |
171 |
392 |
260 |
Total costs and expenses |
230,820 |
110,416 |
345,813 |
209,316 |
Income (loss) from operations |
(2,688) |
9,470 |
559 |
14,000 |
Interest expense, net |
(1,741) |
(2,768) |
(2,136) |
(4,765) |
Gain on insurance settlements |
|
217 |
300 |
217 |
Income (loss) before income taxes |
(4,429) |
6,919 |
(1,277) |
9,452 |
Income tax expense (benefit) |
(1,967) |
1,433 |
(1,000) |
2,081 |
Net income (loss) |
$ (2,462) |
$ 5,486 |
$ (277) |
$ 7,371 |
Net income (loss) per share |
|
|
|
|
Basic and diluted (in dollars per share) |
$ (0.10) |
$ 0.25 |
$ (0.01) |
$ 0.36 |
Weighted average shares outstanding |
|
|
|
|
Basic (in shares) |
25,624 |
22,136 |
25,624 |
20,666 |
Diluted (in shares) |
25,624 |
22,137 |
25,624 |
20,666 |
X |
- Definition
The charge against earnings in the period for asset impairment losses and other costs incurred associated with an exit or disposal activity other than for a discontinued operations as defined under generally accepted accounting principles. Costs of such activities include those for one-time termination benefits, termination of an operating lease or other contract, consolidating or closing facilities, and relocating employees, and costs associated with an ongoing benefit arrangement, but excludes costs associated with the retirement of a long-lived asset.
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Payroll costs incurred (including equity-based compensation) that are directly related to goods produced and sold during the reporting period.
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Total costs of sales and operating expenses for the period.
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The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.
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The difference between the sale price or salvage price and the book value of a property, plant, and equipment asset that was sold or retired during the reporting period. This element refers to the gain (loss).
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The excess or deficiency of insurance recoveries compared to the recorded loss incurred from an insured event (including a conversion of nonmonetary assets to monetary assets). An excess would occur from recovery of lost profits, and recoveries at current replacement cost less carrying amounts of assets that were damaged or destroyed. This element is (1) intended to be used whenever a relevant insurance event concept is needed and (2) moved to the portion of the income statement to correspond to the entity's classification as a component of operating results, nonoperating item, discontinued operations, or extraordinary item.
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The net amount of nonoperating interest income (expense).
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Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period).
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Expenditures associated with opening new locations which are noncapital in nature and expensed as incurred.
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Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts.
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