Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 24, 2017 |
Sep. 25, 2016 |
Sep. 24, 2017 |
Sep. 25, 2016 |
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Revenues | ||||
Sandwich shop sales, net | $ 105,327 | $ 103,224 | $ 313,568 | $ 303,116 |
Franchise royalties and fees | 800 | 558 | 2,394 | 1,657 |
Total revenues | 106,127 | 103,782 | 315,962 | 304,773 |
Sandwich shop operating expenses | ||||
Cost of goods sold, excluding depreciation | 28,405 | 28,478 | 83,703 | 83,224 |
Labor and related expenses | 31,187 | 30,163 | 93,213 | 88,260 |
Occupancy expenses | 14,354 | 13,111 | 42,792 | 39,042 |
Other operating expenses | 12,464 | 11,338 | 36,349 | 32,570 |
General and administrative expenses | 12,104 | 9,999 | 33,375 | 30,827 |
Depreciation expense | 6,315 | 5,656 | 18,960 | 16,996 |
Pre-opening costs | 336 | 340 | 955 | 731 |
Impairment and loss on disposal of property and equipment | 1,536 | 1,855 | 5,762 | 2,880 |
Total expenses | 106,701 | 100,940 | 315,109 | 294,530 |
Income (loss) from operations | (574) | 2,842 | 853 | 10,243 |
Interest expense | 32 | 33 | 101 | 102 |
Income (loss) before income taxes | (606) | 2,809 | 752 | 10,141 |
Income tax expense (benefit) | (487) | 960 | 252 | 3,732 |
Net income (loss) | (119) | 1,849 | 500 | 6,409 |
Net income attributable to non-controlling interest | 121 | 54 | 195 | 153 |
Net income (loss) attributable to Potbelly Corporation | $ (240) | $ 1,795 | $ 305 | $ 6,256 |
Net income (loss) per common share attributable to common stockholders: | ||||
Basic | $ (0.01) | $ 0.07 | $ 0.01 | $ 0.24 |
Diluted | $ (0.01) | $ 0.07 | $ 0.01 | $ 0.24 |
Weighted average shares outstanding: | ||||
Basic | 24,959,023 | 25,240,374 | 25,030,951 | 25,772,846 |
Diluted | 24,959,023 | 25,829,970 | 25,857,083 | 26,341,913 |
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- Definition Revenues from initial franchise fees in addition to on-going franchise revenues and franchise area development right fees. No definition available.
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- Definition The aggregate cost of goods produced and sold during the reporting period, excluding depreciation, depletion, and amortization. No definition available.
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- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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/presentationRef
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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/presentationRef
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- Definition Amount of gain (loss) from the difference between the sale price or salvage price and the book value of an asset that was sold or retired, and gain (loss) from the write down of assets from their carrying value to fair value. No definition available.
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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://www.xbrl.org/2003/role/presentationRef
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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/presentationRef
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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/presentationRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate amount of expenditures for salaries, wages, profit sharing and incentive compensation, and other employee benefits, including equity-based compensation, and pension and other postretirement benefit expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Costs incurred and are directly related to generating occupancy revenues. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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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://www.xbrl.org/2003/role/presentationRef
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- Definition Expenditures associated with opening new locations which are noncapital in nature and expensed as incurred. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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/presentationRef
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- References No definition available.
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- Definition Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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/presentationRef
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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/presentationRef
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