|
REVENUES
|
|
|
|
|
|
|
|
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|
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Cost of sales
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$52.0m
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$58.8m
|
$52.8m
|
$54.5m
|
$32.5m
|
$65.2m
|
$75.2m
|
$83.2m
|
$89.7m
|
$106.5m
|
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Restaurant operating expenses
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$3.4m
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$3.5m
|
$3.5m
|
$3.5m
|
$3.3m
|
$3.7m
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$4.0m
|
$4.2m
|
$4.4m
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$4.4m
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Income from operations
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$26.3m
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$27.1m
|
$28.0m
|
$27.2m
|
$25.5m
|
$29.9m
|
$34.4m
|
$32.5m
|
$36.5m
|
$30.1m
|
|
Depreciation and amortization
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$1.3m
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$1.4m
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$1.2m
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$1.2m
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$1.2m
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$1.1m
|
$1.1m
|
$1.1m
|
$957k
|
$925k
|
|
Loss on debt extinguishment (NOTE J)
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—
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($8.9m)
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—
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—
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$0
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($1.4m)
|
($357k)
|
($169k)
|
($389k)
|
$0
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Interest and dividend income
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|
—
|
—
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—
|
—
|
—
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—
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—
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$383k
|
$672k
|
$780k
|
|
Other income, net
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|
$85k
|
$99k
|
$209k
|
$86k
|
$47k
|
$52k
|
$18k
|
$86k
|
$87k
|
$165k
|
|
Provision for income taxes
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|
$4.3m
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$1.5m
|
$7.9m
|
$4.6m
|
$4.2m
|
$4.9m
|
$7.2m
|
$7.8m
|
$8.7m
|
$8.2m
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|
Basic (in shares)
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|
$4.2m
|
$4.2m
|
$5
|
$3
|
$3
|
$3
|
$5
|
$5
|
$6
|
$5
|
|
Diluted (in shares)
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$4.2m
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$4.2m
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$5
|
$3
|
$3
|
$3
|
$5
|
$5
|
$6
|
$5
|
|
Income before provision for income taxes
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|
$11.8m
|
$4.1m
|
$29.4m
|
$18.0m
|
$15.3m
|
$18.5m
|
$26.8m
|
$27.5m
|
$32.8m
|
$28.2m
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Net income
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$7.5m
|
$2.6m
|
$21.5m
|
$13.4m
|
$11.1m
|
$13.6m
|
$19.6m
|
$19.6m
|
$24.0m
|
$20.0m
|
|
General and administrative expenses
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|
$13.7m
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$13.5m
|
$13.9m
|
$14.8m
|
$12.0m
|
$13.1m
|
$14.1m
|
$15.6m
|
$14.5m
|
$17.9m
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Advertising fund expense
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—
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$0
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$2.5m
|
$2.2m
|
$1.3m
|
$2.0m
|
$2.0m
|
$2.0m
|
$2.1m
|
$2.2m
|
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Interest expense
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|
($14.7m)
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($13.6m)
|
($10.8m)
|
($10.6m)
|
($10.6m)
|
($10.1m)
|
($7.7m)
|
($5.4m)
|
($4.1m)
|
($2.9m)
|
|
Total costs and expenses
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|
$70.4m
|
$77.1m
|
$73.9m
|
$76.2m
|
$50.3m
|
$85.0m
|
$96.3m
|
$106.1m
|
$111.7m
|
$132.0m
|