| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
Revenue from Contract with Customer, Excluding Assessed Tax | ||||||
594,519 | 459,310 | 358,810 | 268,475 | 190,592 | 118,530 | 82,456 |
Shack-level operating expenses: | ||||||
Food and paper costs | ||||||
168,176 | 126,096 | 98,337 | 73,752 | 54,079 | 34,925 | 23,865 |
Labor and related expenses | ||||||
160,811 | 122,094 | 91,740 | 65,540 | 44,752 | 29,312 | 20,096 |
Shack-level operating expenses: | ||||||
Other operating expenses | ||||||
69,169 | 51,783 | 35,805 | 24,946 | 16,307 | 11,191 | 7,315 |
Occupancy and related expenses | ||||||
48,451 | 32,710 | 28,197 | 21,820 | 15,207 | 9,753 | 6,892 |
General and administrative expenses | ||||||
65,649 | 52,720 | 39,003 | 30,556 | 37,825 | 18,187 | 12,453 |
Depreciation expense | ||||||
40,392 | 29,000 | 21,704 | 14,502 | 10,222 | 5,809 | 3,541 |
Pre-opening costs | ||||||
14,834 | 12,279 | 9,603 | 9,520 | 5,430 | 6,105 | 2,334 |
Impairment and loss on disposal of assets | ||||||
-1,352 | -917 | -608 | -34 | -17 | -105 | -25 |
TOTAL EXPENSES | ||||||
568,834 | 427,599 | 324,997 | 240,670 | 183,839 | 115,387 | 76,521 |
OPERATING INCOME (LOSS) | ||||||
25,685 | 31,711 | 33,813 | 27,805 | 6,753 | 3,143 | 5,935 |
Other income (loss), net | ||||||
2,263 | 1,514 | 128,123 | 1,065 | 7 | 2 | - |
Interest expense | ||||||
434 | 2,415 | 1,643 | 374 | 332 | 365 | -52 |
INCOME (LOSS) BEFORE INCOME TAXES | ||||||
27,514 | 30,810 | 160,293 | 28,496 | 6,428 | 2,780 | 5,883 |
Income Tax Expense (Benefit) | ||||||
3,386 | 8,862 | 151,409 | 6,350 | 3,304 | 662 | 460 |
NET INCOME (LOSS) | ||||||
24,128 | 21,948 | 8,884 | 22,146 | 3,124 | 2,118 | 5,423 |
Less: net income (loss) attributable to non-controlling interests | ||||||
4,301 | 6,769 | 9,204 | 9,700 | 11,900 | 0 | 0 |
NET INCOME (LOSS) ATTRIBUTABLE TO SHAKE SHACK INC. | ||||||
19,827 | 15,179 | -320 | 12,446 | -8,776 | 2,118 | 5,423 |
Earnings (loss) per share of Class A common stock | ||||||
Basic (in dollars per share) | ||||||
0.63 | 0.54 | -0.01 | 0.54 | -0.65 | 0.07 | 0.18 |
Diluted (in dollars per share) | ||||||
0.61 | 0.52 | -0.01 | 0.53 | -0.65 | 0.07 | 0.18 |
Weighted-average shares of Class A common stock outstanding: | ||||||
Basic (in shares) | ||||||
31,381 | 28,299 | 25,876 | 22,956 | 13,588 | 29,977 | 29,934 |
Diluted (in shares) | ||||||
32,251 | 29,179 | 25,876 | 23,449 | 13,588 | 30,122 | 30,018 |
Shack sales | ||||||
Revenue from Contract with Customer, Excluding Assessed Tax | ||||||
574,625 | 445,589 | 346,388 | 259,350 | 183,219 | 112,042 | 78,587 |
Licensing revenue | ||||||
Revenue from Contract with Customer, Excluding Assessed Tax | ||||||
19,894 | 13,721 | 12,422 | 9,125 | 7,373 | 6,488 | 3,869 |