Bojangles', inc. (BOJA)
Income statement / Quarterly
Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14
Revenues:
Total revenues

138,667

140,504

137,492

140,683

136,042

136,825

133,888

139,434

133,197

131,595

127,655

128,780

124,259

120,516

114,647

117,449

110,305

106,540

96,178

Company-operated restaurant revenues

-

129,956

127,153

-

-

127,058

124,783

132,219

126,358

124,674

121,413

122,223

117,536

114,043

108,336

111,199

104,192

100,642

90,755

Franchise royalty revenues

-

7,138

6,865

-

-

6,978

6,513

6,832

6,739

6,621

6,172

6,364

6,436

6,368

5,936

6,059

5,813

5,676

5,198

Franchise marketing and co-op advertising contribution revenues

-

2,792

2,663

-

-

2,725

2,532

-

-

-

-

-

-

-

-

-

-

-

-

Properties and equipment rental revenues

-

547

539

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other franchise revenues

-

71

272

-

-

64

60

383

100

300

70

193

287

105

375

191

300

222

225

Restaurant operating expenses:
Company-operated restaurant food and supplies costs

-

40,719

39,986

-

-

39,998

38,684

41,772

39,331

39,020

38,521

40,055

37,223

36,724

36,561

36,605

33,026

33,376

30,184

Company-operated restaurant labor costs

-

38,529

37,465

-

-

36,937

36,347

35,863

35,115

34,525

33,336

32,305

32,429

31,178

30,468

29,880

29,151

27,913

25,562

Company-operated restaurants operating costs

31,314

31,343

31,539

31,494

31,009

29,741

29,691

28,611

28,625

26,607

28,413

26,797

25,936

24,312

23,871

22,908

23,336

21,872

20,360

Company-operated restaurant depreciation and amortization

2,589

3,464

3,465

3,549

3,501

3,374

3,208

3,277

3,225

3,124

3,083

3,078

2,990

2,714

2,674

2,569

2,452

2,374

2,318

Franchise marketing and co-op advertising costs

2,830

2,792

2,663

-

2,725

2,725

2,532

-

-

-

-

-

-

-

-

-

-

-

-

Costs associated with properties and equipment rentals

428

295

421

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total restaurant operating expenses

115,636

117,142

115,539

113,367

114,841

112,775

110,462

109,523

106,296

103,276

103,353

102,235

98,578

94,928

93,574

91,962

87,965

85,535

78,424

Operating income before other operating expenses

23,031

23,362

21,953

27,316

21,201

24,050

23,426

29,911

26,901

28,319

24,302

26,545

25,681

25,588

21,073

25,487

22,340

21,005

17,754

Other operating expenses:
General and administrative

11,202

9,946

11,557

9,813

9,814

9,817

8,953

10,852

9,276

9,402

9,511

10,150

10,064

11,717

10,913

9,334

7,921

7,869

6,983

Depreciation and amortization

616

665

665

693

747

753

725

739

745

716

717

734

725

691

659

648

597

583

544

Impairment

734

4,832

853

919

126

700

296

947

592

187

201

1,002

193

0

15

-

-

-

-

Restaurant closures and refranchising costs and related asset write-downs

12,996

3,346

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss (gain) on disposal of property and equipment and other

-47

65

27

67

135

125

-22

-98

-138

-10

199

-104

-220

-14

2

-

-33

3

-

Total other operating expenses

25,595

18,724

13,048

11,358

10,552

11,145

9,996

12,636

10,751

10,315

10,230

11,990

11,202

12,422

11,585

10,496

8,551

8,449

7,527

Operating (loss) income

-2,564

4,638

8,905

15,958

10,649

12,905

13,430

17,275

16,150

18,004

14,072

14,555

14,479

13,166

9,488

14,991

13,789

12,556

10,227

Amortization of deferred debt issuance costs

162

188

116

173

147

176

118

196

199

222

146

198

208

231

184

186

187

174

186

Interest income

1

0

1

1

2

12

1

0

1

2

1

1

0

5

1

1

0

0

1

Interest expense

1,354

1,581

1,648

1,687

1,495

1,614

1,667

1,709

1,819

1,937

2,024

1,920

2,001

2,171

2,222

2,279

2,430

2,396

2,018

(Loss) income before income taxes

-4,080

2,869

7,142

14,099

9,009

11,127

11,646

15,371

14,132

15,847

11,903

12,438

12,270

10,769

7,083

12,527

11,172

9,986

8,024

Income tax benefit (expense)

-1,368

434

2,448

-35,042

2,120

2,681

4,116

5,549

4,113

5,816

4,059

4,594

3,360

4,435

3,645

4,616

4,186

3,748

3,039

Net (loss) income

-2,712

2,435

4,694

49,141

6,889

8,446

7,530

9,822

10,019

10,031

7,844

7,844

8,910

6,334

3,438

7,911

6,986

6,238

4,985

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

10

121

137

69

-79

83

704

293

-356

-414

427

-221

14

-347

-124

191

-284

-51

Comprehensive (loss) income

-2,771

2,445

4,815

49,278

6,958

8,367

7,613

10,526

10,312

9,675

7,430

8,271

8,689

6,348

3,091

7,787

7,177

5,954

4,934

Net (loss) income per share:
Basic

-0.07

0.07

0.13

1.32

0.19

0.23

0.21

0.26

0.28

0.28

0.22

-

0.25

0.31

-

-

-

-

0.00

Diluted

-0.07

0.06

0.12

1.28

0.18

0.22

0.19

0.25

0.27

0.27

0.21

0.21

0.24

0.17

0.09

0.21

0.19

0.17

0.13