El Pollo Loco 2016 Annual Report Download - page 59

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EL POLLO LOCO HOLDINGS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts in thousands, except share data)
For the Years Ended
December 30,
2015
December 31,
2014
December 25,
2013
Revenue       
Company-operatedrestaurantrevenue $ 332,040   $ 322,516  $ 294,327
Franchiserevenue 23,017    22,345   20,400
Total revenue 355,057    344,861   314,727
Cost of operations       
Foodandpapercosts 105,917    102,611   93,589
Laborandrelatedexpenses 84,231    80,646   75,669
Occupancyandotheroperatingexpenses 69,977    68,538   63,150
Company restaurant expenses 260,125    251,795   232,408
Generalandadministrativeexpenses 28,997    29,519   25,506
Franchiseexpenses 3,456    3,704   3,841
Depreciationandamortization 13,092    11,538   10,213
Lossondisposalofassets 471    646   868
Assetimpairmentandclose-storereserves 92    1,033   (101)
Total expenses 306,233    298,235   272,735
Gain on disposition of restaurants —    2,658   400
Income from operations 48,824    49,284   42,392
Interestexpense—netofinterestincomeof$49,$63,and$94fortheyears
endedDecember30,2015,December31,2014,andDecember25,2013,
respectively 3,707    18,062   36,334
Earlyextinguishmentofdebt —    9,718   21,530
Secondaryofferingexpense 50    667   —
Incometaxreceivableagreementexpense 156    41,382   —
Income(loss)before(provision)benefitforincometaxes 44,911    (20,545)   (15,472)
(Provision)benefitforincometaxes (20,857)   63,008   (1,401)
Net income (loss ) $ 24,054   $ 42,463  $ (16,873)
Net income (loss) per share:       
Basic $ 0.63   $ 1.32  $ (0.59)
Diluted $ 0.62   $ 1.24  $ (0.59)
Weighted average shares used in computing net income (loss) per share:       
Basic 37,949,316    32,285,484   28,712,622
Diluted 39,039,558    34,346,241   28,712,622
Seenotestoconsolidatedfinancialstatements.
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