Del frisco's restaurant group, inc. (DFRG)
Income statement / Quarterly
Jun'19Mar'19Dec'18Sep'18Jun'18Jun'18Mar'18Mar'18Dec'17Dec'17Aug'17May'17Mar'17Dec'16Dec'16Aug'16May'16Mar'16Dec'15Aug'15Jun'15Mar'15Aug'14Jun'14Mar'14Dec'13Aug'13May'13Mar'13Dec'12Aug'12May'12Mar'12Aug'11May'11
Revenues

131,687

120,381

-

-

-

75,718

-

73,347

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenues

-

-

-

105,304

90,040

-

89,303

-

134,624

-

60,616

82,301

83,890

119,164

-

71,407

79,916

81,194

114,105

68,629

73,776

75,102

61,949

67,386

66,622

67,488

54,183

60,359

59,802

90,333

47,887

50,736

52,942

41,273

43,489

Costs and expenses:
Cost of sales

35,873

33,292

34,482

28,749

25,956

21,537

26,154

21,217

-

18,672

17,731

23,433

23,781

-

10,228

20,236

22,637

23,218

33,124

19,901

21,276

21,662

18,693

20,292

20,052

19,856

16,187

18,113

18,420

27,746

14,526

15,596

16,367

12,454

13,326

Restaurant operating expenses (excluding depreciation and amortization shown separately below)

65,261

62,137

61,269

56,063

43,407

36,337

44,215

36,221

-

28,022

32,259

40,388

40,851

-

15,225

37,150

38,017

38,626

52,505

34,625

34,260

34,947

30,046

30,037

30,570

-

25,693

26,909

26,545

-

-

-

-

-

-

Restaurant operating expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22,167

21,462

22,316

18,952

19,358

Marketing and advertising costs

2,260

2,252

3,154

1,904

1,997

1,666

2,019

1,531

-

2,235

1,165

1,618

1,300

-

522

1,813

2,133

1,321

2,863

1,765

1,746

1,371

1,410

1,386

1,221

1,700

1,336

1,347

908

1,719

1,127

1,153

853

983

967

Pre-opening costs

1,301

2,750

3,243

3,559

1,403

1,403

1,146

1,146

-

149

25

1,619

389

-

1,472

1,289

591

94

1,438

2,044

1,479

267

1,577

906

384

344

835

328

591

1,988

1,129

832

70

871

952

General and administrative costs

17,117

16,373

12,037

11,833

8,502

7,988

8,332

7,792

-

8,514

6,301

5,765

6,311

-

6,099

5,436

6,030

5,750

6,500

5,225

5,908

5,478

4,673

4,844

4,686

4,411

4,174

4,163

3,775

5,061

3,292

2,754

2,646

2,450

2,871

Donations

163

32

245

32

16

16

42

42

-

2

834

0

0

-

-

11

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Consulting project costs

3,450

4,504

4,604

963

622

621

232

232

-

0

153

597

2,036

-

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition costs

0

0

-

-

-

4,338

-

608

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition costs

-

-

82

6,026

4,358

-

657

-

-

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reorganization severance

480

297

1,392

697

0

0

113

113

-

0

353

719

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease termination and closing costs

-1,754

2,908

2,240

948

1,023

589

366

2

-

-540

0

540

-2

-

52

49

20

21

1,386

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Management and accounting fees paid to related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

56

452

-

-

-

Lease termination and closing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,000

-

-

-

-

Management and accounting fees paid to related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

744

713

1,185

Secondary public offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

5

-

381

-

412

-

-

-

-

-

-

Public offering transaction bonuses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,383

3,705

-

1,805

-

1,462

-

-

-

-

Asset Impairment Charges

-

-

-84

2,115

0

-

84

-

-

22,930

0

0

0

-

-

-

-

-

-

3,338

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

8,144

7,651

6,979

6,362

5,293

4,237

5,182

4,135

-

3,587

4,195

4,997

4,816

-

2,150

4,305

4,163

4,285

5,775

3,811

3,613

3,577

3,098

3,001

2,955

2,952

2,631

2,564

2,442

3,275

2,051

1,876

1,694

1,655

1,571

Total costs and expenses

132,295

132,196

129,796

119,251

92,577

78,732

88,542

73,039

-

83,571

63,016

79,676

79,482

-

-

70,289

73,591

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Insurance Recoveries

-

-

-

72

0

-

-

-

-

-

0

308

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating loss

-608

-11,815

-5,949

-13,875

-2,537

-3,014

761

308

-

-16,859

-2,400

2,933

4,408

-

4,837

1,118

6,325

7,879

10,604

-2,080

5,494

7,800

2,452

6,920

6,749

-351

-759

6,935

4,904

14,097

-923

6,611

8,252

3,195

3,259

Other income (expense), net:
Interest, net of capitalized interest

-8,409

-7,720

-6,956

-24,410

-510

-510

-303

-303

-

-422

-342

-9

-10

-

-19

4

-24

-31

-

-11

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense, net of capitalized interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7

25

18

16

15

449

8

24

24

-409

619

1,008

1,221

1,489

1,693

Write-off of debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,649

-

-

2,501

-

Other

-32

13

-277

-484

-50

-50

1

1

-

-1,380

-43

-10

-2

-

-6

-422

-5

0

2

-61

-88

-89

-61

-22

-17

-

-56

-

-

318

-14

68

-3

-188

-88

Loss before income taxes

-9,049

-19,522

-13,182

-38,769

-3,097

-3,574

459

6

-

-18,661

-2,785

2,914

4,396

-

4,812

700

6,296

7,848

10,572

-2,152

5,399

7,686

2,373

6,882

6,717

-3,614

-823

6,911

4,880

17,325

-3,205

5,671

7,028

-983

1,478

Income tax benefit

-2,651

-1,195

-5,955

2,436

-1,535

-2,182

59

1

-

-13,497

-1,730

824

1,086

-

1,118

-86

1,852

2,437

2,646

-1,117

1,686

2,292

588

2,113

2,195

-334

-443

2,480

1,311

5,022

-1,411

2,043

-

-62

443

Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

-

-

-

-41,205

-

-

-

-

-

-

-1,055

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,130

-

-

Loss from continuing operations

-6,398

-18,327

-

-

-

-1,392

-

5

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,390

-1,794

3,628

4,898

-921

-

(Loss) income from discontinued operations, net of tax

0

0

-

-

-

-170

-

395

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

-

-

-

-25,869

-

-

-

-

-

-

-721

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

637

-628

-2

87

-915

-

Net Income (Loss) Attributable to Parent

-6,398

-18,327

-8,067

-67,074

-1,562

-1,562

400

400

-

-15,081

-1,776

2,090

3,310

-

7,125

786

4,444

5,411

7,926

-1,035

3,713

5,394

1,785

4,769

4,522

-4,004

-380

4,431

3,569

13,027

-2,422

3,626

4,985

-1,836

1,035

Net loss per average common share outstanding — basic and diluted
Loss from continuing operations (in usd per share)

-0.19

-

-

-

-

-0.07

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.27

-0.05

-

(Loss) income from discontinued operations (in usd per share)

0.00

-

-

-

-

-0.01

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.01

-0.05

-

Net loss (in usd per share)

-0.19

-

-

-

-

-0.08

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.28

-0.10

0.06

(Loss) income from continuing operations (in dollars per share)

-

-0.55

-

-1.49

-

-

-

0.00

-

-

-0.05

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.09

0.20

-

-

-

(Loss) income from discontinued operations (in dollars per share)

-

0.00

-

-0.94

-

-

-

0.02

-

-

-0.03

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.03

0.00

-

-

-

Net (loss) income (in dollars per share)

-

-0.55

-0.51

-2.43

-0.08

-

0.02

0.02

-

-0.69

-0.08

0.10

0.14

-

0.31

0.03

0.19

0.23

0.33

-0.04

0.16

0.23

0.08

0.20

0.19

0.50

-0.02

0.19

0.15

-

-0.12

0.20

-

-

-

(Loss) income from continuing operations (in dollars per share)

-

-0.55

-

-1.49

-

-

-

0.00

-

-

-0.05

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.09

0.20

-

-

-

(Loss) income from discontinued operations (in dollars per share)

-

0.00

-

-0.94

-

-

-

0.02

-

-

-0.03

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.03

0.00

-

-

-

Net (loss) income (in dollars per share)

-

-0.55

-0.51

-2.43

-0.08

-

0.02

0.02

-

-0.68

-0.08

0.09

0.14

-

0.31

0.03

0.19

0.23

0.33

-0.04

0.16

0.23

0.08

0.20

0.19

0.50

-0.02

0.19

0.15

-

-0.12

0.20

-

-

-

Weighted-average number of common shares outstanding:
Weighted Average Number of Shares Outstanding, Basic

33,417

33,358

33,320

27,634

20,377

20,377

20,317

20,317

-

20,396

21,103

21,722

23,059

-

23,268

23,354

23,349

23,315

23,270

23,360

23,445

23,443

23,464

23,578

23,627

22,607

23,801

23,794

23,794

24,915

20,825

17,994

17,994

17,994

-

Weighted Average Number of Shares Outstanding, Diluted

33,417

33,358

33,034

27,634

20,377

20,377

20,603

20,603

-

19,839

21,103

22,061

23,277

-

23,473

23,430

23,436

23,398

23,439

23,360

23,672

23,596

23,682

23,846

23,855

22,897

23,801

23,826

23,794

24,915

20,825

17,994

17,994

17,994

-

Basic and diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,995

Comprehensive income (loss)

-

-

-

-

-1,562

-

400

-

-

-

-

2,090

3,310

7,125

-

786

4,444

5,411

7,926

-1,035

3,713

5,394

1,785

4,769

4,522

-4,004

-380

4,431

3,569

13,027

-2,422

3,626

4,985

-1,836

1,035