Annual report pursuant to Section 13 and 15(d)

Consolidated Income Statements

v3.20.4
Consolidated Income Statements - USD ($)
$ in Thousands
12 Months Ended
Dec. 27, 2020
Dec. 29, 2019
Dec. 30, 2018
Revenue $ 320,952 $ 426,357 $ 398,200
Costs and expenses:      
Cost of sales 79,033 110,152 101,946
Labor 98,184 150,779 144,325
Operating 50,352 62,121 57,457
Occupancy 29,406 32,151 30,028
General and administrative 22,195 23,681 20,725
Marketing 2,732 5,555 3,929
Restaurant pre-opening 1,769 2,949 4,382
Legal settlement 0 615 0
Impairment, closed restaurant and other costs 26,794 14,179 12,336
Gain on insurance settlements (1,000) 0 0
Depreciation 20,031 20,739 19,804
Total costs and expenses 329,496 422,921 394,932
(Loss) income from operations (8,544) 3,436 3,268
Interest expense 257 122 83
(Loss) income before income taxes (8,801) 3,314 3,185
Income tax benefit (5,507) (2,901) (2,354)
Net (loss) income $ (3,294) $ 6,215 $ 5,539
Net (loss) income per common share:      
Basic $ (0.18) $ 0.37 $ 0.33
Diluted $ (0.18) $ 0.37 $ 0.32
Weighted-average shares outstanding:      
Basic 18,396,335 16,728,955 16,931,589
Diluted 18,396,335 16,824,395 17,062,347