|
Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
|
12 Months Ended |
|
Dec. 28, 2014
|
Dec. 29, 2013
|
Dec. 30, 2012
|
| Revenues: |
|
|
|
| Restaurant sales |
$ 325,437 |
$ 304,200 |
$ 292,912 |
| Franchise income |
15,763 |
15,012 |
13,836 |
| Other operating income |
4,897 |
3,142 |
3,537 |
| Total revenues |
346,097 |
322,354 |
310,285 |
| Costs and expenses: |
|
|
|
| Food and beverage costs |
103,259 |
93,386 |
92,608 |
| Restaurant operating expenses |
156,242 |
145,664 |
141,227 |
| Marketing and advertising |
10,076 |
9,341 |
9,158 |
| General and administrative costs |
24,311 |
27,808 |
25,612 |
| Depreciation and amortization expenses |
10,917 |
10,229 |
11,050 |
| Pre-opening costs |
1,630 |
691 |
540 |
| Loss on impairments |
0 |
0 |
3,262 |
| Gain on settlements, net |
0 |
(1,719) |
(683) |
| Total costs and expenses |
306,435 |
285,400 |
282,774 |
| Operating income |
39,662 |
36,954 |
27,511 |
| Other income (expense): |
|
|
|
| Interest expense |
(1,159) |
(1,640) |
(2,364) |
| Debt issuance costs written-off |
0 |
0 |
(807) |
| Other |
37 |
(77) |
(293) |
| Income from continuing operations before income tax expense |
38,540 |
35,237 |
24,047 |
| Income tax expense |
11,830 |
10,744 |
7,855 |
| Income from continuing operations |
26,710 |
24,493 |
16,192 |
| Discontinued operations: |
|
|
|
| Income (loss) from discontinued operations, net of income tax benefit: 2014 ($7,472); 2013-($2,426); 2012-($1,236) |
(10,255) |
(2,004) |
187 |
| Net income |
16,455 |
22,489 |
16,379 |
| Preferred stock dividends |
|
|
514 |
| Accretion of preferred stock redemption value |
|
|
73 |
| Excess of redemption value over carrying value of preferred shares redeemed |
|
|
35,776 |
| Net income (loss) applicable to preferred and common shareholders |
$ 16,455 |
$ 22,489 |
$ (19,984) |
| Basic earnings (loss) per common share: |
|
|
|
| Continuing operations (in Dollars per share) |
$ 0.76 |
$ 0.71 |
$ (0.59) |
| Discontinued operations (in Dollars per share) |
$ (0.29) |
$ (0.06) |
$ 0.01 |
| Basic earnings (loss) per share (in Dollars per share) |
$ 0.47 |
$ 0.65 |
$ (0.58) |
| Diluted earnings (loss) per common share: |
|
|
|
| Continuing operations (in Dollars per share) |
$ 0.75 |
$ 0.69 |
$ (0.59) |
| Discontinued operations (in Dollars per share) |
$ (0.29) |
$ (0.06) |
$ 0.01 |
| Diluted earnings (loss) per share (in Dollars per share) |
$ 0.46 |
$ 0.63 |
$ (0.58) |
| Shares used in computing earnings (loss) per common share: |
|
|
|
| Basic (in Shares) |
34,955,760 |
34,761,160 |
34,313,636 |
| Diluted (in Shares) |
35,415,483 |
35,784,430 |
34,313,636 |
| Dividends declared per common share (in Dollars per share) |
$ 0.20 |
$ 0.12 |
|