Carrols restaurant group, inc. (TAST)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jul'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Jan'17Sep'16Jun'16Mar'16Sep'15Jun'15Mar'15Sep'14Jun'14Mar'14Sep'13Jun'13Mar'13Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Products and Services [Table]
Revenues:
Revenue

351,518

-

402,345

-

290,789

-

296,917

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Franchise royalty revenues and fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

365

353

335

Restaurant sales

-

-

-

368,559

-

-

-

303,050

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

197,238

201,625

204,476

Restaurant sales

-

-

-

-

-

-

-

-

303,050

271,586

-

285,235

279,478

239,852

240,826

238,870

241,368

222,519

217,676

219,102

193,170

179,822

168,583

151,453

168,312

173,518

156,139

169,471

122,104

85,450

-28,549

90,599

88,595

196,873

201,272

204,141

Costs and expenses:
Cost of sales

102,927

-

-

-

82,575

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of sales

-

-

121,283

109,157

-

-

82,082

81,917

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of sales

-

-

-

-

-

-

-

-

81,917

73,005

-

81,850

78,724

64,236

65,131

63,844

62,117

59,020

60,676

60,496

56,850

55,169

50,088

43,349

51,125

52,870

48,631

54,456

38,877

26,122

-9,820

26,868

26,497

60,315

60,093

62,969

Restaurant wages and related expenses

124,575

132,876

131,070

121,140

100,192

99,340

95,391

96,954

96,954

91,144

89,495

91,540

87,948

81,071

76,460

75,678

73,545

72,083

67,116

66,707

63,312

56,023

52,804

50,937

52,395

53,665

50,667

53,494

37,446

27,868

-4,486

27,616

27,457

58,568

59,027

59,611

Restaurant rent expense

29,454

29,241

29,300

26,690

21,916

21,297

20,259

19,879

19,879

19,974

19,885

19,574

18,892

17,597

16,737

16,081

16,118

15,878

14,106

14,571

14,424

12,205

11,626

11,438

11,779

11,869

11,709

12,209

7,932

5,683

-830

5,749

5,692

12,054

12,035

12,232

Other restaurant operating expenses

57,978

62,741

62,710

56,308

45,605

45,812

45,510

44,589

44,589

42,839

42,797

42,884

41,910

39,195

38,335

37,606

37,316

35,689

34,261

33,654

32,492

29,179

27,060

26,025

26,973

27,547

26,236

28,820

18,221

13,643

-1,516

13,686

13,295

27,924

29,649

29,105

Advertising expense

13,876

16,088

16,052

14,677

11,872

12,599

12,120

12,356

12,356

11,265

11,652

11,693

11,431

9,901

10,544

10,857

10,770

9,128

8,188

8,080

7,283

6,794

7,284

6,543

7,476

7,926

7,094

7,837

4,604

2,696

-579

3,802

3,698

7,503

8,856

7,758

General and administrative (including stock-based compensation expense of $1,132 and $1,526 respectively)

20,787

23,025

21,365

20,620

19,724

16,829

17,602

16,020

16,020

16,136

15,662

14,699

14,411

15,576

14,395

13,000

14,355

13,206

11,764

12,903

11,596

10,031

8,625

10,267

8,740

9,524

9,078

9,331

8,081

6,199

-2,532

4,778

4,880

13,856

12,022

12,677

Depreciation and amortization

21,031

21,061

21,200

17,121

15,292

15,042

14,555

14,621

14,621

14,250

13,987

13,655

13,366

13,151

12,682

12,070

11,486

11,057

9,418

9,793

10,005

9,318

9,045

8,758

8,536

8,391

8,063

7,695

6,149

4,693

67

3,924

3,959

8,108

8,080

8,113

Impairment and other lease charges

2,881

-

500

367

910

-

164

2,881

2,881

309

-

1,039

432

531

-

685

286

222

396

706

1,630

773

429

620

1,079

2,198

630

125

101

-

-

-

-

-

-

-

Other expense (income), net

-56

138

20

-376

2,129

-

434

0

0

-

-

383

-29

-

697

0

-1,479

444

0

166

-40

0

-25

0

-

-

-

-

-

-

-

-

-

-

-

-

Impairment and other lease charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26

-

57

155

1,080

191

3,631

Other Income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

185

236

0

0

-

2

342

-

-

-

Other income (Note 9)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

106

400

-

Total operating expenses

373,565

405,635

403,460

366,456

295,957

300,564

287,249

289,217

289,217

268,922

274,107

276,551

267,143

241,258

234,749

229,821

227,472

215,839

205,925

206,744

197,632

179,492

166,986

157,937

168,103

173,990

161,923

173,731

121,411

86,930

-19,965

86,478

85,291

189,302

189,553

196,096

Loss from operations

-22,047

-4,563

-1,115

2,103

-5,168

7,190

9,668

13,833

13,833

2,664

9,860

8,684

12,335

-1,406

6,077

9,049

13,896

6,680

11,751

12,358

-4,462

330

1,597

-6,484

209

-472

-5,784

-4,260

693

-1,480

-8,949

4,121

3,304

7,936

12,072

8,380

Interest expense

7,140

7,431

7,578

6,900

5,947

5,886

5,909

5,917

5,917

5,926

5,943

5,937

5,029

4,801

4,700

4,560

4,520

4,535

4,512

4,700

4,814

4,683

4,694

4,703

4,708

4,711

4,711

4,492

2,646

915

-1,284

1,696

2,328

4,613

4,693

4,708

Gain on bargain purchase

-

-

0

0

-

0

0

208

208

22

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Extinguishment of Debt

-

-

0

-7,443

-

-

0

0

-

-

-

-

-

-

-

-

-

-

0

-12,635

-

0

0

-

-

-

-

0

-1,509

-

-

-1,233

0

-

-

-

Loss before income taxes

-29,187

-11,994

-8,693

-12,240

-11,115

1,304

3,759

8,124

8,124

-3,240

3,917

2,747

7,306

-6,207

1,377

4,489

9,376

2,145

7,239

-4,977

-9,276

-4,353

-3,097

-11,187

-4,499

-5,183

-10,495

-8,752

-3,462

-2,395

-7,676

1,192

976

3,323

7,379

3,672

Income Tax Expense (Benefit)

-6,978

-2,088

-1,881

-8,508

354

-503

148

336

336

-138

-4

-48

1,267

-611

-28,085

0

0

0

0

0

0

-2,632

-1,165

-3,758

-1,737

-1,687

-5,296

-2,412

-2,683

508

-4,249

835

676

1,077

2,786

1,237

Income (loss) from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

357

300

-

-

-

Income (loss) from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6,340

-779

-2,903

-

-

-

-

-

-

Income (loss) from discontinued operations, net of income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2

668

-624

-

3,048

5,208

-

-

-

Net loss

-22,209

-9,906

-6,812

-3,732

-11,469

1,807

3,611

7,788

7,788

-3,102

3,921

2,795

6,039

-5,596

29,462

4,489

9,376

2,145

7,239

-4,977

-9,276

-1,721

-1,932

-7,429

-2,762

-3,496

-5,199

-6,342

-111

-3,527

59

3,405

5,508

2,246

4,593

2,435

Basic and diluted net income (loss) per share

-0.44

-0.18

-0.15

-0.09

-0.32

0.06

0.08

0.17

0.17

-0.09

0.13

0.06

0.13

-0.16

-

0.10

0.21

0.05

0.16

-0.14

-0.27

-0.05

-0.06

-0.32

-0.12

-0.15

-0.23

-

-

-

-

-

-

0.10

-

-

Shares used in computing net loss per share:
Continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.02

0.01

-

-

-

Discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.14

0.24

-

-

-

Earnings Per Share, Basic

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.21

0.11

Diluted net income per share (Note 16)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.21

0.11

Weighted Average Number of Shares Outstanding, Basic

-

-

45,947

-

-

35,739

35,735

-

35,720

35,665

35,434

35,431

35,415

35,384

35,257

35,237

35,117

35,101

-

-

34,882

34,797

-

-

-

-

-

-

-

-

-

21,690

21,663

21,642

21,623

21,618

Diluted weighted average common shares outstanding

-

-

45,947

-

-

55,002

45,410

-

45,201

35,665

54,642

44,937

44,941

35,384

44,850

44,855

44,818

44,880

44,678

34,899

34,882

34,797

-

-

-

-

-

-

-

-

-

22,232

22,160

22,067

21,777

21,844

Continuing Operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.02

0.01

-

-

-

Discontinued Operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.14

0.24

-

-

-

Income (loss) from continuing operations, per basic and diluted share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.28

-0.03

-0.13

-

-

-

-

-

-

Income (loss) from discontinued operations, per basic and diluted share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.03

-0.03

-

-

-

-

-

-

Basic and diluted weighted average common shares outstanding

50,821

-

-

-

36,045

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30,766

23,151

23,020

22,899

22,868

22,747

22,742

21,856

-

-

-

-

-

-

Other comprehensive income (loss), net of tax:
Net loss

-22,209

-9,906

-6,812

-3,732

-11,469

1,807

3,611

7,788

7,788

-3,102

3,921

2,795

6,039

-5,596

29,462

4,489

9,376

2,145

7,239

-4,977

-9,276

-1,721

-1,932

-7,429

-2,762

-3,496

-5,199

-6,342

-111

-3,527

59

3,405

5,508

2,246

4,593

2,435

Change in valuation of interest rate swap (Note 7)

-5,209

-

0

0

0

-

0

0

0

0

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

-13

0

0

-

-

-

-

-

-

-

Change in valuation of interest rate swap, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

106

-38

-

0

-

-

-

-

Comprehensive loss

-27,418

-8,638

-6,812

-3,732

-11,469

2,371

3,611

7,788

7,788

-3,102

3,914

2,795

6,039

-5,596

28,594

4,489

9,376

2,145

7,239

-4,977

-9,276

-1,721

-1,932

-7,429

-2,762

-3,496

-5,212

-6,342

-5

-3,565

-391

3,405

5,508

2,246

-

-

Change in valuation of interest rate swap, net of tax benefit of $43, $0 and $0 (Note 8)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

Restaurant sales
Revenue

-

-

398,414

-

-

-

296,917

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other revenue
Revenue

-

-

3,931

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-