El Pollo Loco 2015 Annual Report Download - page 70

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Table of Contents
EL POLLO LOCO HOLDINGS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts in thousands, except share data)
See notes to consolidated financial statements.
66
For the Years Ended
December 31,
2014
December 25,
2013
December 26,
2012
Revenue
Company
-
operated restaurant revenue
$
322,516
294,327
274,928
Franchise revenue
22,345
20,400
18,682
Total revenue
344,861
314,727
293,610
Cost of operations
Food and paper costs
102,611
93,589
85,428
Labor and related expenses
80,646
75,669
73,406
Occupancy and other operating expenses
68,538
63,150
61,636
Company restaurant expenses
251,795
232,408
220,470
General and administrative expenses
29,519
25,506
24,451
Franchise expenses
3,704
3,841
3,647
Depreciation and amortization
11,538
10,213
9,530
Loss on disposal of assets
646
868
966
Asset impairment and close
-
store reserves
1,033
(101
)
1,494
Total expenses
298,235
272,735
260,558
Gain on disposition of restaurants
2,658
400
—
Income from operations
49,284
42,392
33,052
Interest expense—net of interest income of $63, $94, and $100 for the years ended
December 31, 2014, December 25, 2013, and December 26, 2012, respectively
18,062
36,334
38,890
Early extinguishment of debt
9,718
21,530
—
Secondary offering expense
667
—
—
Income tax receivable agreement expense
41,382
—
—
Loss before benefit (provision) for income taxes
(20,545
)
(15,472
)
(5,838
)
Benefit (provision) for income taxes
63,008
(1,401
)
(2,027
)
Net income (loss
)
$
42,463
(16,873
)
(7,865
)
Net income (loss) per share:
Basic
$
1.32
(0.59
)
(0.27
)
Diluted
$
1.24
(0.59
)
(0.27
)
Weighted average shares used in computing net income (loss) per share:
Basic
32,285,484
28,712,622
28,712,194
Diluted
34,346,241
28,712,622
28,712,194