Del taco restaurants, inc. (TACO)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Jan'19Sep'18Aug'18Jun'18Jun'18Mar'18Mar'18Jan'18Aug'17Jun'17Mar'17Aug'16May'16Mar'16Dec'15Aug'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13
Revenue:
Company restaurant sales

-

-

-

-

-

-

-

-

109,800

-

105,109

-

-

-

104,022

101,222

100,173

95,917

93,550

128,065

78,874

0

0

0

0

0

0

0

0

Franchise revenue

-

-

-

-

-

-

-

-

4,149

-

3,792

-

-

-

3,903

3,613

3,686

3,576

3,329

4,634

2,694

-

-

-

-

-

-

-

-

Franchise advertising contributions

-

-

-

-

-

-

-

-

3,136

-

2,936

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Franchise sublease income

-

-

-

-

-

-

-

-

728

-

717

-

-

-

656

510

560

533

524

716

467

-

-

-

-

-

-

-

-

Total revenue

109,810

157,096

120,198

121,460

114,197

157,293

117,830

117,830

117,813

117,813

112,554

112,554

146,542

110,988

108,581

105,345

104,419

100,026

97,403

133,415

82,035

-

-

-

-

-

-

-

-

Operating expenses:
Restaurant operating expenses:
Cost, Direct Material

-

-

30,761

30,855

-

-

29,601

-

-

30,082

-

28,973

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Food and paper costs

-

-

-

-

-

-

-

-

30,082

-

28,973

-

-

-

28,770

27,918

27,574

26,358

26,129

36,696

22,567

-

-

-

-

-

-

-

-

Labor and related expenses

34,936

47,553

36,304

36,338

35,900

46,413

35,301

35,301

35,422

35,422

34,818

34,818

44,971

33,635

33,185

33,221

30,748

30,249

29,784

37,936

23,512

-

-

-

-

-

-

-

-

Occupancy and other operating expenses

24,408

31,854

25,386

23,703

24,433

30,288

22,844

22,844

22,627

22,627

21,986

21,986

28,581

22,608

20,918

20,718

20,911

19,526

20,123

26,167

17,024

2,074

776

-

-

0

0

-

-

General and administrative

9,866

12,142

10,421

10,849

10,465

13,417

9,606

9,606

10,321

10,321

10,429

10,429

10,977

8,817

9,055

9,305

8,566

8,214

8,292

11,677

5,824

669

142

215

222

213

210

101

15

Franchise advertising expenses

3,211

-

-

-

3,131

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Franchise advertising expenses

-

-

3,458

3,459

-

-

3,155

3,155

-

3,136

-

2,936

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Franchise advertising expenses

-

-

-

-

-

-

-

-

3,136

-

2,936

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

6,137

7,827

5,941

5,813

5,907

8,178

5,855

5,855

5,847

5,847

5,914

5,914

7,459

5,522

5,278

5,103

5,157

5,532

5,486

7,129

4,147

-

-

-

-

-

-

-

-

Occupancy and other - franchise subleases and other

1,595

1,605

1,011

993

854

1,116

762

762

651

651

638

638

871

654

602

481

521

510

503

703

437

-

-

-

-

-

-

-

-

Pre-opening costs

233

930

465

155

100

700

259

259

199

199

442

442

1,060

354

151

26

94

35

93

359

41

-

-

-

-

-

-

-

-

Impairment of goodwill

87,300

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of trademarks

11,900

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of long-lived assets

8,300

1,899

1,407

3,694

0

2,200

0

0

1,661

1,661

-

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restaurant closure charges, net

494

1,243

588

490

640

-241

672

672

-24

-24

-13

-13

192

-16

6

9

-133

-166

178

1,996

19

-

-

-

-

-

-

-

-

Loss on disposal of assets and adjustments to assets held for sale, net

-122

-658

-7,906

-594

-290

-252

-580

-580

-87

-87

-93

-93

-551

-233

-340

49

-54

-62

-75

-2

-1

-

-

-

-

-

-

-

-

Total operating expenses

216,761

268,865

123,648

116,943

110,538

146,597

108,635

108,635

110,009

110,009

106,216

106,216

133,717

101,455

98,305

96,732

93,492

90,320

90,663

122,631

73,572

-

-

-

-

-

-

-

-

(Loss) income from operations

-106,951

-111,769

-3,450

4,517

3,659

10,696

9,195

9,195

7,804

7,804

6,338

6,338

12,825

9,533

10,276

8,613

10,927

9,706

6,740

10,784

8,463

-2,743

-919

-751

-222

-213

-210

-101

-15

Other expense (income), net
Interest expense

1,508

2,066

1,663

1,722

1,784

3,091

2,062

2,062

2,012

2,012

1,910

1,910

2,402

1,628

1,627

1,543

1,412

1,405

1,472

1,927

1,725

-

-

-

-

-

-

-

-

Other income

0

-

0

97

104

-

523

523

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transaction-related costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

490

126

65

-

-

-

-

-

-

-

-

-

-

Transaction-related costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

994

11,978

-

-

-

-

-

-

-

-

Debt modification costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

78

-

-

-

-

-

-

-

-

Transaction reimbursement income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

536

-

-

0

0

-

-

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

7

11

10

27

12

35

0

State franchise taxes, other than income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

37

45

49

45

40

45

25

0

Total other expense, net

-1,508

-1,903

-1,663

-1,625

-1,680

-2,954

-1,539

-1,539

-2,012

-2,012

-1,910

-1,910

-2,402

-1,628

-1,627

-1,543

-1,902

-1,531

-1,537

-2,701

-13,781

-37

499

-37

-34

-12

-32

10

0

(Loss) income from operations before (benefit) provision for income taxes

-108,459

-113,672

-5,113

2,892

1,979

7,742

7,656

7,656

5,792

5,792

4,428

4,428

10,423

7,905

8,649

7,070

9,025

8,175

5,203

8,083

-5,318

-

-

-

-

-

-

-

-

Loss before income tax expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,781

-420

-789

-256

-226

-243

-91

-15

(Benefit) provision for income taxes

-6,000

371

2,600

800

600

2,078

1,800

1,782

1,582

1,600

1,199

1,199

-24,779

2,804

3,319

2,832

4,076

3,311

2,142

3,244

-3,132

5

5

-0

0

9

0

12

0

Net (loss) income

-102,468

-114,133

-7,669

2,092

1,425

5,646

5,874

5,874

4,210

4,210

3,229

3,229

35,202

5,101

5,330

4,238

4,949

4,864

3,061

4,839

-2,186

-2,786

-426

-788

-256

-236

-243

-103

-15

Other comprehensive income (loss):
Change in fair value of interest rate cap, net of tax

0

-19

-75

-131

-139

-190

23

23

115

115

174

174

109

-35

-148

-88

-122

0

0

-

-

-

-

-

-

-

-

-

-

Reclassification of interest rate cap amortization included in net income, net of tax

45

53

32

26

21

13

15

15

10

10

6

6

4

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other comprehensive income (loss), net

45

34

-43

-105

-118

-177

38

38

125

125

180

180

113

-35

-148

-88

-122

0

0

-

-

-

-

-

-

-

-

-

-

Comprehensive (loss) income

-102,423

-114,099

-7,712

1,987

1,307

5,469

5,912

5,912

4,335

4,335

3,409

3,409

35,315

5,066

5,182

4,150

4,827

4,864

3,061

4,839

-2,186

-

-

-

-

-

-

-

-

(Loss) earnings per share:
Basic (in dollars per share)

-2.76

-3.09

-0.21

0.06

0.04

0.16

0.15

0.15

0.11

0.11

0.08

0.08

0.91

0.13

0.14

0.11

0.13

0.13

0.08

0.13

-0.06

-

-

-

-

-

-

-

-

Diluted (in dollars per share)

-2.76

-3.09

-0.21

0.06

0.04

0.15

0.15

0.15

0.11

0.11

0.08

0.08

0.89

0.13

0.13

0.10

0.13

0.13

0.08

0.13

-0.06

-

-

-

-

-

-

-

-

Weighted-average shares outstanding
Basic (in shares)

37,075

37,072

37,023

36,821

37,155

37,491

38,191

38,191

38,299

38,299

38,441

38,441

38,523

38,695

38,535

39,003

38,465

38,292

38,798

38,802

38,802

-

-

-

-

-

-

-

-

Diluted (in shares)

37,075

36,620

37,023

37,083

37,346

37,476

39,391

39,391

38,643

38,643

39,224

39,224

39,776

39,839

39,808

40,375

38,688

38,442

38,798

41,697

38,802

-

-

-

-

-

-

-

-

Weighted average number of common shares outstanding, excludes shares subject to possible redemption - basic and diluted (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,127

4,848

4,897

4,733

4,701

4,678

4,508

4,312

Net loss per common share, excludes shares subject to possible redemption - basic and diluted (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.54

-0.09

-0.17

-0.05

-0.05

-0.05

-0.03

0.00

Company restaurant sales
Revenue

100,333

144,849

111,059

112,180

105,903

146,725

109,559

-

-

109,800

-

105,109

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Franchise revenue
Revenue

4,391

5,809

4,490

4,638

4,065

5,320

4,308

-

-

4,149

-

3,792

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Franchise advertising contributions
Revenue

3,211

4,468

3,458

3,459

3,131

4,073

3,155

-

-

3,136

-

2,936

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Franchise sublease and other income
Revenue

1,875

1,970

1,191

1,183

1,098

1,175

808

-

-

728

-

717

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Food and paper costs
Cost, Direct Material

28,295

-

-

-

28,818

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-