Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Income Statements

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Unaudited Condensed Consolidated Income Statements - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 25, 2023
Jun. 30, 2024
Jun. 25, 2023
Income Statement [Abstract]        
Revenue $ 119,798 $ 119,001 $ 230,262 $ 231,499
Costs and expenses:        
Cost of sales 30,719 29,432 58,540 58,150
Labor 35,996 35,159 70,651 69,261
Operating 19,306 18,896 37,388 36,974
Occupancy 7,568 8,116 15,235 15,998
General and administrative 7,234 7,698 14,368 15,504
Marketing 1,566 1,693 3,015 3,243
Restaurant pre-opening 548 613 1,202 1,094
Impairment, closed restaurant and other costs 2,686 482 3,124 853
Merger costs 651 0 651 0
Depreciation 5,494 5,222 10,934 10,362
Total costs and expenses 111,768 107,311 215,108 211,439
Income from operations 8,030 11,690 15,154 20,060
Interest income, net (545) (854) (1,151) (1,631)
Income before income taxes 8,575 12,544 16,305 21,691
Income tax expense 1,162 1,810 1,976 2,735
Net income $ 7,413 $ 10,734 $ 14,329 $ 18,956
Net income per common share:        
Basic (in dollars per share) $ 0.43 $ 0.59 $ 0.83 $ 1.05
Diluted (in dollars per share) $ 0.43 $ 0.59 $ 0.83 $ 1.04
Weighted-average shares outstanding:        
Basic (in shares) 17,230,189 18,080,327 17,267,885 18,050,381
Diluted (in shares) 17,233,650 18,154,921 17,309,975 18,161,837