2024 Q3 Form 10-Q Financial Statement

#000160636624000041 Filed on August 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $122.2M
YoY Change 0.56%
Cost Of Revenue $58.60M
YoY Change -3.54%
Gross Profit $63.58M
YoY Change 4.67%
Gross Profit Margin 52.04%
Selling, General & Admin $47.26M
YoY Change 2.75%
% of Gross Profit 74.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.900M
YoY Change 5.58%
% of Gross Profit 6.13%
Operating Expenses $51.13M
YoY Change 2.9%
Operating Profit $12.32M
YoY Change 11.42%
Interest Expense -$1.527M
YoY Change 56.45%
% of Operating Profit -12.4%
Other Income/Expense, Net $0.00
YoY Change -100.0%
Pretax Income $10.79M
YoY Change 10.21%
Income Tax $3.200M
% Of Pretax Income 29.65%
Net Earnings $7.633M
YoY Change 8.18%
Net Earnings / Revenue 6.25%
Basic Earnings Per Share $0.25
Diluted Earnings Per Share $0.25
COMMON SHARES
Basic Shares Outstanding 29.93M 31.10M
Diluted Shares Outstanding 30.38M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.47M
YoY Change 2.77%
Cash & Equivalents $10.50M
Short-Term Investments
Other Short-Term Assets $3.518M
YoY Change 1.3%
Inventory $1.743M
Prepaid Expenses
Receivables $10.28M
Other Receivables $0.00
Total Short-Term Assets $26.01M
YoY Change -4.17%
LONG-TERM ASSETS
Property, Plant & Equipment $86.18M
YoY Change -66.35%
Goodwill $248.7M
YoY Change 0.0%
Intangibles $61.89M
YoY Change 0.0%
Long-Term Investments
YoY Change
Other Assets $3.083M
YoY Change -8.11%
Total Long-Term Assets $567.8M
YoY Change -0.38%
TOTAL ASSETS
Total Short-Term Assets $26.01M
Total Long-Term Assets $567.8M
Total Assets $593.8M
YoY Change -0.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.70M
YoY Change -29.39%
Accrued Expenses $59.13M
YoY Change 14.22%
Deferred Revenue $4.534M
YoY Change 8.24%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $156.0K
YoY Change 40.54%
Total Short-Term Liabilities $74.89M
YoY Change 1.55%
LONG-TERM LIABILITIES
Long-Term Debt $88.60M
YoY Change 43.9%
Other Long-Term Liabilities $6.301M
YoY Change -96.42%
Total Long-Term Liabilities $6.301M
YoY Change -97.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $74.89M
Total Long-Term Liabilities $6.301M
Total Liabilities $345.3M
YoY Change 7.83%
SHAREHOLDERS EQUITY
Retained Earnings $27.51M
YoY Change 7100.79%
Common Stock $221.1M
YoY Change -20.07%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $248.6M
YoY Change
Total Liabilities & Shareholders Equity $593.8M
YoY Change -0.56%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $7.633M
YoY Change 8.18%
Depreciation, Depletion And Amortization $3.900M
YoY Change 5.58%
Cash From Operating Activities $16.95M
YoY Change -5.69%
INVESTING ACTIVITIES
Capital Expenditures $6.525M
YoY Change 100.34%
Acquisitions
YoY Change
Other Investing Activities $100.0K
YoY Change 163.16%
Cash From Investing Activities -$6.425M
YoY Change 99.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -9.185M
YoY Change -1.91%
NET CHANGE
Cash From Operating Activities 16.95M
Cash From Investing Activities -6.425M
Cash From Financing Activities -9.185M
Net Change In Cash 1.344M
YoY Change -75.08%
FREE CASH FLOW
Cash From Operating Activities $16.95M
Capital Expenditures $6.525M
Free Cash Flow $10.43M
YoY Change -29.15%

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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
11848000
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
256289000
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
897000
CY2024Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1057000
CY2024Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
148000
CY2024Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
17004000
CY2024Q2 loco Adjustments To Additional Paid In Capital Exercise Tax On Repurchase Of Common Stock
AdjustmentsToAdditionalPaidInCapitalExerciseTaxOnRepurchaseOfCommonStock
146000
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
7633000
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
248578000
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
280544000
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
842000
CY2023Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
781000
CY2023Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
171000
CY2023Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
11941000
CY2023Q2 loco Adjustments To Additional Paid In Capital Exercise Tax On Repurchase Of Common Stock
AdjustmentsToAdditionalPaidInCapitalExerciseTaxOnRepurchaseOfCommonStock
88000
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-63000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
7056000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
276960000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
250696000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1817000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1057000
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
148000
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
18231000
loco Adjustments To Additional Paid In Capital Exercise Tax On Repurchase Of Common Stock
AdjustmentsToAdditionalPaidInCapitalExerciseTaxOnRepurchaseOfCommonStock
158000
us-gaap Net Income Loss
NetIncomeLoss
13545000
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
248578000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
281148000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1613000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
824000
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
171000
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
18152000
loco Adjustments To Additional Paid In Capital Exercise Tax On Repurchase Of Common Stock
AdjustmentsToAdditionalPaidInCapitalExerciseTaxOnRepurchaseOfCommonStock
150000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-126000
us-gaap Net Income Loss
NetIncomeLoss
11974000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
276960000
us-gaap Profit Loss
ProfitLoss
13545000
us-gaap Profit Loss
ProfitLoss
11974000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7721000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7331000
us-gaap Share Based Compensation
ShareBasedCompensation
1817000
us-gaap Share Based Compensation
ShareBasedCompensation
1613000
loco Tax Receivable Agreement Income Expenses
TaxReceivableAgreementIncomeExpenses
-1000
us-gaap Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
151000
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
-7000
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
111000
us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
-104000
us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
50000
loco Gain On Recovery Of Insurance Proceeds For Property And Equipment Net
GainOnRecoveryOfInsuranceProceedsForPropertyAndEquipmentNet
41000
loco Gain On Recovery Of Insurance Proceeds For Property And Equipment Net
GainOnRecoveryOfInsuranceProceedsForPropertyAndEquipmentNet
242000
loco Property Equipment And Certain Rou Assets Impairment
PropertyEquipmentAndCertainRouAssetsImpairment
0
loco Property Equipment And Certain Rou Assets Impairment
PropertyEquipmentAndCertainRouAssetsImpairment
53000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
96000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
106000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
198000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
249000
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-22000
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
1355000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-169000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-401000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2116000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-189000
us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
86000
us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
4227000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
134000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
81000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
259000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1095000
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
2450000
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
1826000
us-gaap Increase Decrease In Insurance Liabilities
IncreaseDecreaseInInsuranceLiabilities
99000
us-gaap Increase Decrease In Insurance Liabilities
IncreaseDecreaseInInsuranceLiabilities
360000
loco Payment Related To Tax Receivable Agreement
PaymentRelatedToTaxReceivableAgreement
399000
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
2000
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-3749000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
28117000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
21796000
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
100000
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
175000
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
41000
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
163000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
10687000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9237000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10546000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-8899000
us-gaap Proceeds From Secured Lines Of Credit
ProceedsFromSecuredLinesOfCredit
14000000
us-gaap Proceeds From Secured Lines Of Credit
ProceedsFromSecuredLinesOfCredit
2000000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
11000000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
8000000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
148000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
171000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1057000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
824000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
101000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
76000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
18202000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
17784000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-14394000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-23207000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
3177000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-10310000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7288000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20493000
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10465000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10183000
us-gaap Interest Paid Net
InterestPaidNet
3061000
us-gaap Interest Paid Net
InterestPaidNet
2077000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
4925000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
45000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
4351000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
5894000
loco Stock Repurchase Accrued Not Paid Including Exercise Tax
StockRepurchaseAccruedNotPaidIncludingExerciseTax
742000
loco Stock Repurchase Accrued Not Paid Including Exercise Tax
StockRepurchaseAccruedNotPaidIncludingExerciseTax
518000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Use of Estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the condensed consolidated financial statements and revenue and expenses during the periods reported. Actual results could materially differ from those estimates. The Company’s significant estimates include estimates for impairment of goodwill, intangible assets and property and equipment, insurance reserves, lease accounting matters and contingent liabilities.</p>
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
87000000.0
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
10500000
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Concentration of Risk</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">Cash and cash equivalents are maintained at financial institutions and, at times, these balances may exceed federally-insured limits. The Company has never experienced any losses related to these balances.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">The Company had one supplier to whom amounts due totaled 11.9% and 15.1% of the Company’s accounts payable at June 26, 2024 and December 27, 2023, respectively. Purchases from the Company’s largest supplier totaled 24.2% and 24.4% of total expenses for the thirteen and twenty-six weeks ended June 26, 2024, respectively, and 27.8% and 27.3% of total expenses for the thirteen and twenty-six weeks ended June 28, 2023, respectively.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">Company-operated and franchised restaurants in the greater Los Angeles area generated, in the aggregate, approximately 71.8% and 71.7% of total revenue for the thirteen and twenty-six weeks ended June 26, 2024, respectively, and 70.9% and 70.8% for the thirteen and twenty-six weeks ended June 28, 2023, respectively.</p>
us-gaap Number Of Reporting Units
NumberOfReportingUnits
1
us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
0
CY2023 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
0
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2024Q2 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2023Q2 loco Impairment Of Right Of Use Assets
ImpairmentOfRightOfUseAssets
0
loco Impairment Of Right Of Use Assets
ImpairmentOfRightOfUseAssets
39000
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2024Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2023 loco Proceeds From Insurance Settlement Net Investing Activities
ProceedsFromInsuranceSettlementNetInvestingActivities
400000
CY2023 loco Gain On Recovery Of Insurance Proceeds For Property And Equipment
GainOnRecoveryOfInsuranceProceedsForPropertyAndEquipment
200000
CY2023 us-gaap Gain On Business Interruption Insurance Recovery
GainOnBusinessInterruptionInsuranceRecovery
200000
loco Number Of Restaurants Sold
NumberOfRestaurantsSold
1
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
100000
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
200000
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
100000
CY2024Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0
CY2023Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0
us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2023Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2024Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2014Q3 loco Percentage Of Operating Loss Carryforwards Tax Savings Payable To Pre Initial Public Offering Stockholders
PercentageOfOperatingLossCarryforwardsTaxSavingsPayableToPreInitialPublicOfferingStockholders
0.85
loco Tax Receivable Agreement Income Expenses
TaxReceivableAgreementIncomeExpenses
0
CY2024Q2 loco Tax Receivable Agreement Income Expenses
TaxReceivableAgreementIncomeExpenses
0
CY2023Q2 loco Tax Receivable Agreement Income Expenses
TaxReceivableAgreementIncomeExpenses
100000
CY2024Q2 loco Payment To Sellers For Termination Of Obligations Under Tax Receivable Agreement
PaymentToSellersForTerminationOfObligationsUnderTaxReceivableAgreement
398896
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3200000
CY2024Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.293
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2700000
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.279
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5400000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.284
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4700000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.281
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.284
CY2024Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
261907000
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
254275000
CY2024Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
175729000
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
170248000
CY2024Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
86178000
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
84027000
CY2024Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3900000
CY2023Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3700000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7700000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7300000
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2023Q2 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2024Q2 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1121783
CY2024Q2 loco Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Vested Number Of Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingVestedNumberOfShares
335325
CY2024Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
786458
CY2024Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
171000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
26316000
CY2024Q2 loco Operating Leases Future Minimum Payments Due Future Minimum Sublease Rental Within Two Years
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentalWithinTwoYears
5034000
CY2024Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
161000
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
843320
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
10.13
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
537046
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
10.44
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
110380
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
9.57
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
148203
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
10.24
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1121783
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
10.32
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y10M13D
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1288000
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
1105134
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
10.32
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P7Y10M2D
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
1270000
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
335325
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
11.07
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y11M4D
CY2024Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
331000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.441
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.437
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.046
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CY2023Q2 us-gaap Lease Cost
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us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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CY2024Q2 loco Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals Remainder Of Fiscal Year
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