Ruth’s Hospitality Group, Inc. RUTH Income Statement

Ruth’s hospitality group, inc. (RUTH)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Revenues:
Revenues
468,026	452,334	414,823	385,947	373,433	346,097	322,354	310,285	367,337	352,975	339,911
Costs and expenses:
Marketing and advertising
15,432	16,639	12,724	11,406	10,925	10,076	9,341	9,158	11,748	11,469	11,557
General and administrative costs
34,643	37,253	32,700	31,488	30,242	24,311	27,808	25,612	22,803	22,800	23,777
Depreciation and amortization expenses
21,354	18,538	14,995	13,434	12,520	10,917	10,229	11,050	14,859	15,360	16,278
Pre-opening costs
1,824	1,875	2,013	1,986	1,032	1,630	691	540	192	387	16
Loss on impairment
-	-	3,904	-	-	-	-	3,262	-3,478	-826	7,965
Restructuring benefit
-	-	-	-	-	-	-	-	-502	-1,683	40
Gain on settlements, net
-	-	-	-	-	-	1,719	683	-	0	-
Total costs and expenses
415,565	400,675	368,141	338,388	328,667	306,435	285,400	282,774	343,141	327,172	-
Loss on the disposal of property and equipment, net
-	-	-	-	-	-	-	-	-	-	-1,963
Operating income (loss)
52,461	51,659	46,682	47,559	44,766	39,662	36,954	27,511	24,196	25,803	9,352
Other income (expense):
Interest expense, net
2,197	1,739	821	1,154	790	1,159	1,640	2,364	2,892	4,244	7,754
Debt issuance costs written-off
-	-	-	-	-	-	-	807	-	0	-
Other
115	-73	53	10	358	37	-77	-293	-488	-20	-526
Income (loss) before income taxes
50,379	49,847	45,914	46,415	44,334	38,540	35,237	24,047	20,816	21,579	2,124
Income tax expense (benefit)
8,173	8,247	15,669	15,660	14,168	11,830	10,744	7,855	1,663	4,769	-1,427
Net income (loss)
42,206	41,600	30,245	30,755	30,166	26,710	24,493	16,192	19,153	16,810	3,551
Income (loss) from discontinued operations, net of income taxes
-	80	-108	-290	-162	-10,255	-2,004	187	396	-853	-1,132
Net income
42,206	41,680	30,137	30,465	30,004	16,455	22,489	16,379	19,549	15,957	2,419
Basic earnings (loss) per common share:
Preferred stock dividends
-	-	-	-	-	-	-	514	2,493	2,178	-
Accretion of preferred stock redemption value
-	-	-	-	-	-	-	73	353	309	-
Excess of redemption value over carrying value of preferred shares redeemed
-	-	-	-	-	-	-	35,776	-	0	-
Net income (loss) applicable to preferred and common shareholders
-	-	-	-	-	-	-	-19,984	16,703	13,470	2,419
Continuing operations (in dollars per share)
1.46	1.40	1.00	0.97	0.88	0.76	0.71	-0.59	0.38	0.36	0.15
Discontinued operations (in dollars per share)
-	0.01	-0.01	-0.01	-	-0.29	-0.06	0.01	0.01	-0.02	-0.05
Basic earnings (loss) per common share
1.46	1.41	0.99	0.96	0.88	0.47	0.65	-0.58	0.39	0.34	0.10
Diluted earnings (loss) per common share:
Continuing operations (in dollars per share)
1.44	1.37	0.98	0.96	0.87	0.75	0.69	-0.59	0.38	0.36	0.15
Discontinued operations (in dollars per share)
-	0.01	-0.01	-0.01	-	-0.29	-0.06	0.01	0.01	-0.02	-0.05
Diluted earnings (loss) per common share
1.44	1.38	0.97	0.95	0.87	0.46	0.63	-0.58	0.39	0.34	0.10
Shares used in computing earnings (loss) per common share:
Basic (in shares)
28,998	29,659	30,346	31,670	34,018	34,955	34,761	34,313	34,093	32,513	23,566
Diluted (in shares)
29,376	30,273	30,916	32,108	34,434	35,415	35,784	34,313	43,252	40,239	23,733
Cash dividends declared per common share
0.52	0.44	0.36	0.28	0.24	0.20	0.12	-	-	-	-
Restaurant Sales [Member]
Revenues
441,361	427,433	390,434	363,147	351,875	325,437	304,200	292,912	351,380	337,721	325,818
Franchise Income [Member]
Revenues
17,879	17,919	17,545	17,301	16,661	15,763	15,012	13,836	12,464	11,532	10,533
Other Operating Income [Member]
Revenues
8,786	6,982	6,844	5,499	4,897	4,897	3,142	3,537	3,493	3,722	3,560
Food and Beverage [Member]
Cost of goods sold
127,597	120,112	116,361	107,075	108,101	103,259	93,386	92,608	108,880	100,475	95,474
Restaurant Operating Expenses [Member]
Cost of goods sold
214,715	206,258	185,444	172,999	165,847	156,242	145,664	141,227	181,683	177,538	173,489