Ruth’s Hospitality Group, Inc. RUTH Income Statement

Ruth’s hospitality group, inc. (RUTH)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jul'18	Apr'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues:
Revenues
108,536	135,033	103,009	110,243	119,741	127,159	99,015	109,635	116,526	124,103	85,167	100,015	105,538	107,629	83,774	92,654	101,890	104,748	80,292	91,049	97,344	98,942	73,795	83,006	90,354	29,245	86,638	100,493	105,978	28,542	84,334	97,111	100,298	97,405	80,186	92,026	97,720	78,612	88,385
Costs and expenses:
Marketing and advertising
3,438	4,508	3,174	4,121	3,629	4,709	3,813	4,640	3,477	3,668	3,197	3,413	2,446	4,272	2,546	2,618	1,970	4,572	2,312	2,448	1,593	4,417	1,990	1,923	1,746	1,815	1,980	3,572	1,974	2,815	2,206	2,409	1,728	4,047	1,605	3,167	2,929	2,754	2,880
General and administrative costs
8,031	8,628	8,335	8,929	8,751	10,194	8,809	9,274	8,976	9,433	7,096	8,034	8,137	9,420	7,346	7,058	7,664	8,908	7,442	7,445	6,447	6,887	5,352	5,847	6,225	5,959	7,257	7,339	7,253	6,530	5,969	6,227	6,886	5,790	5,783	5,353	5,877	5,380	5,359
Depreciation and amortization expenses
5,822	5,900	5,361	5,124	4,969	4,776	4,628	4,673	4,461	3,906	3,853	3,731	3,505	3,527	3,435	3,371	3,101	3,173	3,241	3,187	2,919	3,000	2,693	2,714	2,510	450	3,052	3,130	3,597	127	3,577	3,639	3,707	3,883	3,616	3,649	3,711	3,839	3,857
Pre-opening costs
477	947	535	244	98	618	845	272	140	540	121	173	1,179	321	574	737	354	405	112	139	376	707	395	119	409	232	316	142	1	243	145	75	77	0	150	41	1	38	342
Loss on impairment
8,697	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-502	-	-1,121
Gain on settlements, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,156	-	-	-	0	-	-	-	-	-	-	-	-
Total costs and expenses
112,645	116,632	97,438	98,597	102,898	108,446	94,161	97,930	100,138	108,198	82,180	88,470	89,293	92,566	78,173	82,193	85,456	91,749	76,137	79,645	81,136	87,030	69,833	73,172	76,400	21,340	81,700	89,522	92,838	21,703	82,471	88,218	90,382	93,629	78,526	83,746	87,240	-	-
Operating income (loss)
-4,109	18,401	5,571	11,646	16,843	18,713	4,854	11,705	16,388	15,905	2,987	11,545	16,245	15,063	5,601	10,461	16,434	12,999	4,155	11,404	16,208	11,912	3,962	9,834	13,954	7,905	4,938	10,971	13,140	6,839	1,863	8,893	9,916	3,776	1,660	8,280	10,480	1,657	8,340
Other income (expense):
Interest expense, net
628	737	638	417	405	486	470	403	380	301	197	144	179	355	333	253	213	202	188	174	226	277	297	298	287	294	415	415	516	605	680	598	481	603	719	739	831	1,000	988
Debt issuance costs written-off
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	807	-	0	0	-	-	-
Other
33	82	18	13	2	-42	-65	22	12	21	-6	14	24	-49	-92	144	7	318	9	16	15	11	5	12	9	-20	-94	3	34	-337	-16	48	12	-965	58	219	200	-2	42
Income (loss) before income taxes
-4,704	17,746	4,951	11,242	16,440	18,185	4,319	11,324	16,020	15,625	2,784	11,415	16,090	14,659	5,176	10,352	16,228	13,115	3,976	11,246	15,997	11,646	3,670	9,548	13,676	7,591	4,429	10,559	12,658	5,985	1,199	8,247	8,616	3,162	883	7,322	9,449	659	7,310
Income tax expense (benefit)
-886	3,288	423	1,933	2,529	3,375	727	1,763	2,384	6,036	1,017	3,611	5,005	5,250	1,668	3,396	5,346	4,024	1,338	3,577	5,229	2,792	1,472	2,880	4,686	2,839	1,419	2,644	3,842	2,558	320	2,403	2,574	518	114	-1,814	2,845	260	2,138
Net income (loss)
-3,818	14,458	4,528	9,309	13,911	14,810	3,592	9,561	13,636	9,589	1,767	7,804	11,085	9,409	3,508	6,956	10,882	9,091	2,638	7,669	10,768	8,854	2,198	6,668	8,990	4,752	3,010	7,915	8,816	3,427	879	5,844	6,042	2,644	769	9,136	6,604	399	5,172
Income (loss) from discontinued operations, net of income taxes
-	-	-	-	-	50	9	12	10	-7	-71	7	-37	-197	75	-48	-120	421	-73	-153	-357	-870	-9,496	236	-125	-578	-123	-148	-1,155	223	-77	-12	53	-29	28	70	327	-165	-839
Net income
-	-	4,528	9,309	-	14,860	3,601	9,573	13,646	9,582	1,696	7,811	11,048	9,212	3,583	6,908	10,762	9,512	2,565	7,516	10,411	7,984	-7,298	6,904	8,865	4,174	2,887	7,767	7,661	3,650	802	5,832	6,095	2,615	797	9,206	6,931	234	4,333
Basic earnings (loss) per common share:
Preferred stock dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	514	624	623	623	623	623	623
Accretion of preferred stock redemption value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	73	88	89	88	88	88	-
Excess of redemption value over carrying value of preferred shares redeemed
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	35,776	-	0	0	-	-	-
Net income (loss) applicable to preferred and common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,650	802	5,832	-30,268	1,903	85	8,495	6,220	-477	3,710
Continuing operations (in dollars per share)
-	-	0.16	0.32	-	0.50	0.12	0.32	0.46	0.32	0.06	0.26	0.36	0.31	0.11	0.22	0.33	0.27	0.08	0.22	0.31	0.26	0.06	0.19	0.25	0.16	0.08	0.22	0.25	0.11	0.02	0.17	-0.89	0.04	0.00	0.20	0.14	-0.01	0.11
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-	-	-	0.00	0.00	-0.01	-0.03	-0.27	0.01	0.00	-0.02	0.00	-0.01	-0.03	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.01	-	-0.02
Basic earnings (loss) per common share
-0.13	0.50	0.16	0.32	0.48	0.50	0.12	0.32	0.46	0.31	0.06	0.26	0.36	0.30	0.11	0.22	0.33	0.28	0.08	0.22	0.30	0.23	-0.21	0.20	0.25	0.13	0.08	0.22	0.22	0.12	0.02	0.17	-0.89	0.04	0.00	0.20	0.15	-0.01	0.09
Diluted earnings (loss) per common share:
Continuing operations (in dollars per share)
-	-	0.16	0.31	-	0.49	0.12	0.32	0.45	0.32	0.06	0.25	0.35	0.31	0.11	0.21	0.33	0.26	0.08	0.22	0.31	0.26	0.06	0.18	0.25	0.14	0.08	0.22	0.25	0.11	0.02	0.17	-0.89	0.04	0.00	0.20	0.14	-0.01	0.11
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-0.01	-	-	-0.01	0.00	0.00	0.00	-	0.00	0.00	-0.01	-0.03	-0.27	0.01	0.00	-0.02	0.00	-0.01	-0.03	0.01	0.00	0.00	0.00	0.01	0.00	0.00	0.00	-	-0.02
Diluted earnings (loss) per common share
-0.13	0.50	0.16	0.31	0.47	0.49	0.12	0.32	0.45	0.32	0.05	0.25	0.35	0.30	0.11	0.21	0.33	0.27	0.08	0.22	0.30	0.23	-0.21	0.19	0.25	0.11	0.08	0.22	0.22	0.12	0.02	0.17	-0.89	0.05	0.00	0.20	0.14	-0.01	0.09
Shares used in computing earnings (loss) per common share:
Basic (in shares)
28,287	28,513	28,951	29,252	29,275	29,513	29,720	29,713	29,689	29,916	30,348	30,548	30,575	30,609	31,305	32,138	32,626	33,524	33,989	34,343	34,216	34,680	34,925	35,122	35,094	34,971	34,956	34,660	34,456	34,405	34,373	34,304	34,170	34,149	34,147	34,075	34,000	33,975	33,945
Diluted (in shares)
28,287	28,687	29,191	29,726	29,903	29,977	30,358	30,375	30,384	30,543	30,611	31,257	31,253	31,084	31,737	32,540	33,073	34,272	34,338	34,611	34,515	35,325	34,925	35,587	35,822	36,155	35,795	35,681	35,505	32,765	35,185	35,133	34,170	43,351	43,338	43,233	43,084	33,975	42,800
Cash dividends declared per common share
0.15	0.13	0.13	0.13	0.13	0.11	0.11	0.11	0.11	0.09	0.09	0.09	0.09	0.07	0.07	0.07	0.07	0.06	0.06	0.06	0.06	0.05	0.05	0.05	0.05	0.04	0.04	0.04	0.00	-	0.00	-	-	-	-	-	-	-	-
Restaurant Sales [Member]
Revenues
103,040	127,132	97,226	104,017	112,986	120,043	93,488	103,538	110,364	117,392	79,442	94,145	99,455	101,206	78,760	87,244	95,937	98,790	75,249	85,765	92,071	93,095	69,283	77,989	85,070	26,515	82,439	93,827	101,419	24,237	80,901	91,221	96,553	93,182	77,087	86,947	94,164	75,685	83,269
Franchise Income [Member]
Revenues
3,626	4,972	3,928	4,421	4,558	5,015	4,030	4,457	4,417	4,680	4,218	4,257	4,390	4,838	3,928	4,034	4,501	4,558	3,965	4,117	4,021	4,403	3,517	3,807	4,036	4,204	3,498	3,647	3,663	3,882	3,256	3,243	3,455	3,599	2,928	2,881	3,056	2,645	2,785
Other Operating Income [Member]
Revenues
1,870	2,929	1,855	1,805	2,197	2,100	1,497	1,640	1,745	2,031	1,507	1,613	1,693	1,585	1,086	1,376	1,452	1,400	1,078	1,167	1,252	1,444	995	1,210	1,248	-1,474	701	3,019	896	423	177	2,647	290	624	171	2,198	500	282	2,331
Food and Beverage [Member]
Cost of goods sold
30,626	37,909	28,817	29,023	31,848	33,218	26,440	29,049	31,405	34,349	25,319	28,114	28,579	29,054	23,723	25,853	28,445	30,130	23,709	26,162	28,100	29,599	22,165	24,828	26,667	7,488	25,825	28,460	31,613	6,642	25,732	29,339	30,895	29,482	23,953	26,560	28,885	22,658	24,397
Restaurant Operating Expenses [Member]
Cost of goods sold
55,554	58,740	51,216	51,156	53,603	54,931	49,626	50,022	51,679	52,398	42,594	45,005	45,447	45,972	40,549	42,556	43,922	44,561	39,321	40,264	41,701	42,420	37,238	37,741	38,843	4,959	45,426	46,879	48,400	2,767	44,842	46,529	47,089	46,949	43,419	44,976	46,339	42,286	44,331