 |
Selected Financial Data
(In thousands, except per share data)
| |
Year ended August 31 |
| |
2006 |
2005(1) |
2004(1) |
2003(1) |
2002(1) |
| Income Statement Data: |
|
|
|
|
|
| Partner Drive-In sales |
$ 585,832 |
$ 525,988 |
$ 449,585 |
$ 371,518 |
$ 330,707 |
| Franchise Drive-Ins: |
|
|
|
|
|
| Franchise royalties |
98,163 |
88,027 |
77,518 |
66,431 |
61,392 |
| Franchise fees |
4,747 |
4,311 |
4,958 |
4,674 |
4,020 |
| Other |
4,520 |
4,740 |
4,385 |
4,017 |
4,043 |
| Total revenues |
693,262 |
623,066 |
536,446 |
446,640 |
400,162 |
| Cost of Partner Drive-In sales |
468,627 |
421,906 |
358,859 |
291,764 |
257,057 |
| Selling, general and administrative |
52,048 |
47,503 |
44,765 |
41,061 |
38,246 |
| Depreciation and amortization |
40,696 |
35,821 |
32,528 |
29,223 |
26,078 |
| Provision for impairment of long-lived |
|
|
|
|
|
| assets |
264 |
387 |
675 |
727 |
1,261 |
| Total expenses |
561,635 |
505,617 |
436,827 |
362,775 |
322,642 |
| Income from operations |
131,627 |
117,449 |
99,619 |
83,865 |
77,520 |
| Net interest expense |
7,578 |
5,785 |
6,378 |
6,216 |
6,319 |
| Income before income taxes |
$ 124,049 |
$ 111,664 |
$ 93,241 |
$ 77,649 |
$ 71,201 |
| Net income |
$ 78,705 |
$ 70,443 |
$ 58,031 |
$ 47,801 |
$ 43,864 |
| |
|
|
|
|
|
| Income per share(2): |
|
|
|
|
|
| Basic |
$ 0.91 |
$ 0.78 |
$ 0.65 |
$ 0.55 |
$ 0.49 |
| Diluted |
$ 0.88 |
$ 0.75 |
$ 0.63 |
$ 0.52 |
$ 0.46 |
Weighted average shares used
in calculation(2): |
|
|
|
|
|
| Basic |
86,260 |
89,992 |
88,970 |
87,698 |
90,350 |
| Diluted |
89,239 |
93,647 |
92,481 |
91,365 |
94,965 |
(1) Previously reported prior-year results have been adjusted to implement SFAS 123R on a modified retrospective basis.
(2) Adjusted for three-for-two stock splits in 2006, 2004 and 2002.
|
