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Bojangles', Inc.

SIC 5812 · Retail-Eating Places
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Bojangles', Inc.

CIK:0001630132|SEC Filings
v3.10.0.1
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 24, 2017
 [1]
Sep. 30, 2018
Sep. 24, 2017
 [1]
Revenues:        
Total revenues $ 138,667 $ 136,042 $ 416,662 $ 406,756
Restaurant operating expenses:        
Company-operated restaurants operating costs 31,314 31,009 94,196 90,441
Company-operated restaurant depreciation and amortization 2,589 3,501 9,518 10,082
Franchise marketing and co-op advertising costs 2,830 2,725 8,285 7,982
Costs associated with properties and equipment rentals 428   1,144  
Total restaurant operating expenses 115,636 114,841 348,317 338,078
Operating income before other operating expenses 23,031 21,201 68,345 68,678
Other operating expenses:        
General and administrative 11,202 9,814 32,705 28,584
Depreciation and amortization 616 747 1,946 2,225
Impairment 734 126 6,419 1,123
Restaurant closures and refranchising costs and related asset write-downs 12,996   16,342  
Loss (gain) on disposal of property and equipment and other 47 (135) (46) (238)
Total other operating expenses 25,595 10,552 57,366 31,694
Operating (loss) income (2,564) 10,649 10,979 36,984
Amortization of deferred debt issuance costs (162) (147) (466) (440)
Interest income   2 2 15
Interest expense (1,354) (1,495) (4,584) (4,776)
(Loss) income before income taxes (4,080) 9,009 5,931 31,783
Income tax benefit (expense) 1,368 (2,120) (1,514) (8,918)
Net (loss) income (2,712) 6,889 4,417 22,865
Other comprehensive income, net of tax        
Change in fair value on interest rate swaps, net of income tax benefit (expense) of $19, $(41), $(23) and $(43) (59) 69 71 73
Comprehensive (loss) income $ (2,771) $ 6,958 $ 4,488 $ 22,938
Net (loss) income per share:        
Basic $ (0.07) $ 0.19 $ 0.12 $ 0.62
Diluted $ (0.07) $ 0.18 $ 0.12 $ 0.59
Company-Operated Restaurant Revenues        
Revenues:        
Total revenues $ 127,958 $ 126,207 $ 385,066 $ 378,048
Franchise        
Revenues:        
Total revenues 7,174 7,018 21,177 20,509
Franchise Marketing and Co-op Advertising Contribution Revenues        
Revenues:        
Total revenues 2,830 2,725 8,285 7,982
Properties and Equipment Rental Revenues        
Revenues:        
Total revenues 611   1,697  
Other Franchise Revenues        
Revenues:        
Total revenues 94 92 437 217
Food and Beverage        
Restaurant operating expenses:        
Company-operated restaurant food and supplies costs 40,381 40,525 121,086 119,208
Service        
Restaurant operating expenses:        
Company-operated restaurant labor costs $ 38,094 $ 37,081 $ 114,088 $ 110,365
[1] (As Adjusted)