Unaudited Condensed Consolidated Income Statements - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 26, 2022 |
Jun. 27, 2021 |
Jun. 26, 2022 |
Jun. 27, 2021 |
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Income Statement [Abstract] | ||||
Revenue | $ 110,946 | $ 108,153 | $ 211,432 | $ 195,863 |
Costs and expenses: | ||||
Cost of sales | 30,874 | 25,565 | 57,117 | 46,012 |
Labor | 32,267 | 30,306 | 62,092 | 55,135 |
Operating | 17,493 | 15,944 | 33,723 | 29,415 |
Occupancy | 7,556 | 7,459 | 15,208 | 14,698 |
General and administrative | 6,494 | 6,679 | 13,148 | 13,527 |
Marketing | 1,614 | 1,238 | 3,027 | 2,215 |
Restaurant pre-opening | 342 | 615 | 467 | 1,292 |
Impairment, closed restaurant and other costs | 734 | 1,404 | 2,013 | 3,748 |
Depreciation | 4,981 | 5,086 | 9,963 | 10,004 |
Total costs and expenses | 102,355 | 94,296 | 196,758 | 176,046 |
Income from operations | 8,591 | 13,857 | 14,674 | 19,817 |
Interest (income) expense, net | (75) | 21 | (47) | 44 |
Income before income taxes | 8,666 | 13,836 | 14,721 | 19,773 |
Income tax expense | 795 | 2,306 | 1,332 | 1,589 |
Net income | $ 7,871 | $ 11,530 | $ 13,389 | $ 18,184 |
Net income per common share: | ||||
Basic (in dollars per share) | $ 0.42 | $ 0.58 | $ 0.70 | $ 0.92 |
Diluted (in dollars per share) | $ 0.41 | $ 0.57 | $ 0.70 | $ 0.90 |
Weighted-average shares outstanding: | ||||
Basic (in shares) | 18,919,473 | 19,980,513 | 19,009,613 | 19,866,721 |
Diluted (in shares) | 18,983,553 | 20,197,574 | 19,136,313 | 20,165,155 |
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (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. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net amount of operating interest income (expense). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Expenditures for planning and executing the conception, pricing, promotion, and distribution of ideas, goods, and services. Costs of public relations and corporate promotions are typically considered to be marketing costs. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of net occupancy expense that may include items, such as depreciation of facilities and equipment, lease expenses, property taxes and property and casualty insurance expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Expenditures associated with opening new locations which are noncapital in nature and expensed as incurred. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of restructuring charges, remediation cost, and asset impairment loss. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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