10-Q Filing

FAT BRANDS, INC CIK: 1705012 Q3 2022

Filing Information

Form Type	10-Q
Accession Number	`0001628280-22-026810`
Period End Date	20220930
Filing Date	20221021
Fiscal Year	2022
Fiscal Period	Q3
XBRL Instance	fat-20220925_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 106 Income Statement 96 Cash Flow Statement 92 Stockholders Equity 48

Balance Sheet 106 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$56.66M	USD	Point-in-time
Cash	`Cash`	$23.91M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$24.85M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$24.74M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $7,783 and $3,487 as of September 25, 2022 and December 26, 2021, respectively	`AccountsReceivableNetCurrent`	$20.08M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $7,783 and $3,487 as of September 25, 2022 and December 26, 2021, respectively	`AccountsReceivableNetCurrent`	$41.88M	USD	Point-in-time
Trade and other notes receivable, net of allowance for doubtful accounts of $129 as of both September 25, 2022 and December 26, 2021	`NotesAndLoansReceivableNetCurrent`	$231.00K	USD	Point-in-time
Trade and other notes receivable, net of allowance for doubtful accounts of $129 as of both September 25, 2022 and December 26, 2021	`NotesAndLoansReceivableNetCurrent`	$253.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$7.78M	USD	Point-in-time
Assets classified as held-for-sale	`AssetsHeldForSaleNotPartOfDisposalGroupCurrent`	$4.99M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.49M	USD	Point-in-time
Assets classified as held-for-sale	`AssetsHeldForSaleNotPartOfDisposalGroupCurrent`	$5.48M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$11.85M	USD	Point-in-time
Trade and other notes receivable, allowance for doubtful accounts, current	`AllowanceForNotesAndLoansReceivableCurrent`	$129.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$13.36M	USD	Point-in-time
Trade and other notes receivable, allowance for doubtful accounts, current	`AllowanceForNotesAndLoansReceivableCurrent`	$129.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$109.25M	USD	Point-in-time
Notes receivable, allowance for doubtful accounts, noncurrent	`AllowanceForNotesAndLoansReceivableNoncurrent`	$800.00K	USD	Point-in-time
Notes receivable, allowance for doubtful accounts, noncurrent	`AllowanceForNotesAndLoansReceivableNoncurrent`	$800.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$119.04M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Noncurrent restricted cash	`RestrictedCashNoncurrent`	$18.52M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Noncurrent restricted cash	`RestrictedCashNoncurrent`	$13.33M	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	15.00M	shares	Point-in-time
Notes receivable noncurrent, net of allowance for doubtful accounts of $800 as of both September 25, 2022 and December 26, 2021	`NotesAndLoansReceivableNetNoncurrent`	$2.96M	USD	Point-in-time
Notes receivable noncurrent, net of allowance for doubtful accounts of $800 as of both September 25, 2022 and December 26, 2021	`NotesAndLoansReceivableNetNoncurrent`	$1.27M	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	15.00M	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$98.55M	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	3.22M	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$95.17M	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	3.22M	shares	Point-in-time
Goodwill	`Goodwill`	$293.81M	USD	Point-in-time
Goodwill	`Goodwill`	$295.13M	USD	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	3.22M	shares	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	3.22M	shares	Point-in-time
Preferred stock, liquidation preference (in dollars per share)	`PreferredStockLiquidationPreference`	$25.00	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$643.02M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$652.79M	USD	Point-in-time
Preferred stock, liquidation preference (in dollars per share)	`PreferredStockLiquidationPreference`	$25.00	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$80.50M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$84.93M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.53M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	51.60M	shares	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	51.60M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.41M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	16.38M	shares	Point-in-time
Total assets	`Assets`	$1.24B	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	16.58M	shares	Point-in-time
Total assets	`Assets`	$1.27B	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	16.38M	shares	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	16.58M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$20.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$27.53M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$53.40M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$46.30M	USD	Point-in-time
Deferred income, current portion	`ContractWithCustomerLiabilityCurrent`	$2.64M	USD	Point-in-time
Deferred income, current portion	`ContractWithCustomerLiabilityCurrent`	$2.17M	USD	Point-in-time
Accrued advertising	`AccruedAdvertisingCurrent`	$10.85M	USD	Point-in-time
Accrued advertising	`AccruedAdvertisingCurrent`	$16.12M	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$10.68M	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$12.59M	USD	Point-in-time
Dividend payable on preferred shares	`DividendPayableOnRedeemablePreferredShares`	$1.56M	USD	Point-in-time
Dividend payable on preferred shares	`DividendPayableOnRedeemablePreferredShares`	$1.57M	USD	Point-in-time
Liabilities related to assets classified as held-for-sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation`	$4.36M	USD	Point-in-time
Liabilities related to assets classified as held-for-sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation`	$4.78M	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$14.34M	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$14.41M	USD	Point-in-time
Redeemable preferred stock	`CurrentPortionOfPreferredSharesNet`	$67.50M	USD	Point-in-time
Redeemable preferred stock	`CurrentPortionOfPreferredSharesNet`	$135.00M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$631.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$2.43M	USD	Point-in-time
Current portion of acquisition purchase price payable	`AcquisitionPurchasePricePayableCurrent`	$1.17M	USD	Point-in-time
Current portion of acquisition purchase price payable	`AcquisitionPurchasePricePayableCurrent`	$350.00K	USD	Point-in-time
Other	`OtherLiabilitiesCurrent`	$2.89M	USD	Point-in-time
Other	`OtherLiabilitiesCurrent`	$10.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$266.26M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$198.49M	USD	Point-in-time
Deferred income, net of current portion	`ContractWithCustomerLiabilityNoncurrent`	$17.66M	USD	Point-in-time
Deferred income, net of current portion	`ContractWithCustomerLiabilityNoncurrent`	$20.68M	USD	Point-in-time
Deferred income tax liabilities, net	`DeferredIncomeTaxLiabilitiesNet`	$12.92M	USD	Point-in-time
Deferred income tax liabilities, net	`DeferredIncomeTaxLiabilitiesNet`	$13.69M	USD	Point-in-time
Operating lease liability, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$92.92M	USD	Point-in-time
Operating lease liability, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$89.96M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$938.14M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$904.26M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.94M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$976.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.33B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.23B	USD	Point-in-time
Commitments and contingencies (Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable preferred stock	`TemporaryEquityCarryingAmountAttributableToParent`	$64.45M	USD	Point-in-time
Redeemable preferred stock	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 15,000,000 shares authorized; 3,221,471 shares issued and outstanding at September 25, 2022 and December 26, 2021; liquidation preference $25 per share	`PreferredStockIncludingAdditionalPaidInCapital`	$46.61M	USD	Point-in-time
Preferred stock, $0.0001 par value; 15,000,000 shares authorized; 3,221,471 shares issued and outstanding at September 25, 2022 and December 26, 2021; liquidation preference $25 per share	`PreferredStockIncludingAdditionalPaidInCapital`	$55.66M	USD	Point-in-time
Class A common stock and Class B common stock and additional paid-in capital as of September 25, 2022: $0.0001 par value per share; 51,600,000 shares authorized (Class A 50,000,000, Class B 1,600,000); 16,576,712 shares issued and outstanding (Class A 15,305,907, Class B 1,270,805). Common stock and additional paid-in capital as of December 26, 2021: $0.0001 par value; 51,600,000 shares authorized; 16,380,552 shares issued and outstanding (Class A 15,109,747, Class B 1,270,805)	`CommonStocksIncludingAdditionalPaidInCapital`	$-24.84M	USD	Point-in-time
Class A common stock and Class B common stock and additional paid-in capital as of September 25, 2022: $0.0001 par value per share; 51,600,000 shares authorized (Class A 50,000,000, Class B 1,600,000); 16,576,712 shares issued and outstanding (Class A 15,305,907, Class B 1,270,805). Common stock and additional paid-in capital as of December 26, 2021: $0.0001 par value; 51,600,000 shares authorized; 16,380,552 shares issued and outstanding (Class A 15,109,747, Class B 1,270,805)	`CommonStocksIncludingAdditionalPaidInCapital`	$-25.22M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-52.48M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-107.86M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-86.47M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-21.66M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$1.24B	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$1.27B	USD	Point-in-time

Income Statement 96 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$44.69M	USD	3 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$303.41M	USD	3 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$29.76M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$103.22M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$20.21M	USD	3 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$10.59M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$28.75M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$74.19M	USD	3 Qtrs
Cost of restaurant and factory revenues	`RestaurantOperatingExpenses`	$7.38M	USD	3 Qtrs
Cost of restaurant and factory revenues	`RestaurantOperatingExpenses`	$159.90M	USD	3 Qtrs
Cost of restaurant and factory revenues	`RestaurantOperatingExpenses`	$7.13M	USD	1 Quarter
Cost of restaurant and factory revenues	`RestaurantOperatingExpenses`	$55.26M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$20.08M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.16M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.38M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.89M	USD	1 Quarter
Refranchising loss (gain)	`RefranchisingGainLoss`	$-122.00K	USD	1 Quarter
Refranchising loss (gain)	`RefranchisingGainLoss`	$-1.12M	USD	3 Qtrs
Refranchising loss (gain)	`RefranchisingGainLoss`	$250.00K	USD	1 Quarter
Refranchising loss (gain)	`RefranchisingGainLoss`	$679.00K	USD	3 Qtrs
Acquisition costs	`BusinessCombinationAcquisitionRelatedCosts`	$2.05M	USD	1 Quarter
Acquisition costs	`BusinessCombinationAcquisitionRelatedCosts`	$383.00K	USD	3 Qtrs
Acquisition costs	`BusinessCombinationAcquisitionRelatedCosts`	-	USD	1 Quarter
Acquisition costs	`BusinessCombinationAcquisitionRelatedCosts`	$2.98M	USD	3 Qtrs
Advertising fees	`AdvertisingExpense`	$11.19M	USD	1 Quarter
Advertising fees	`AdvertisingExpense`	$8.04M	USD	3 Qtrs
Advertising fees	`AdvertisingExpense`	$33.04M	USD	3 Qtrs
Advertising fees	`AdvertisingExpense`	$5.48M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$102.21M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$41.10M	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$288.71M	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$27.39M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$3.59M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$1.01M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$2.38M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$14.70M	USD	3 Qtrs
Interest expense	`InterestExpenseOther`	$19.50M	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$7.07M	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$57.53M	USD	3 Qtrs
Interest expense	`InterestExpenseOther`	$11.94M	USD	3 Qtrs
Interest expense related to preferred shares	`InterestExpenseRelatedToPreferredShares`	$4.97M	USD	1 Quarter
Interest expense related to preferred shares	`InterestExpenseRelatedToPreferredShares`	$725.00K	USD	3 Qtrs
Interest expense related to preferred shares	`InterestExpenseRelatedToPreferredShares`	$11.68M	USD	3 Qtrs
Interest expense related to preferred shares	`InterestExpenseRelatedToPreferredShares`	$173.00K	USD	1 Quarter
Net loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-6.42M	USD	3 Qtrs
Net loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-13.00K	USD	1 Quarter
Net loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Net loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$189.00K	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$64.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$3.92M	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$538.00K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-18.89M	USD	3 Qtrs
Total other expense, net	`NonoperatingIncomeExpense`	$-23.93M	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-7.19M	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-65.29M	USD	3 Qtrs
Loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-15.30M	USD	3 Qtrs
Loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-50.59M	USD	3 Qtrs
Loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.82M	USD	1 Quarter
Loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-22.92M	USD	1 Quarter
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$-1.18M	USD	1 Quarter
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$4.79M	USD	3 Qtrs
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$-3.30M	USD	3 Qtrs
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$516.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-12.00M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-55.38M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-3.63M	USD	1 Quarter
Net loss	`ProfitLoss`	$-23.44M	USD	1 Quarter
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-19.00K	USD	3 Qtrs
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-14.00K	USD	1 Quarter
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	3 Qtrs
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net loss attributable to FAT Brands Inc.	`NetIncomeLoss`	$-3.62M	USD	1 Quarter
Net loss attributable to FAT Brands Inc.	`NetIncomeLoss`	$-11.98M	USD	3 Qtrs
Net loss attributable to FAT Brands Inc.	`NetIncomeLoss`	$-23.44M	USD	1 Quarter
Net loss attributable to FAT Brands Inc.	`NetIncomeLoss`	$-55.38M	USD	3 Qtrs
Basic loss per common share (in dollars per share)	`EarningsPerShareBasic`	$-1.42	USD	1 Quarter
Basic loss per common share (in dollars per share)	`EarningsPerShareBasic`	$-0.26	USD	1 Quarter
Basic loss per common share (in dollars per share)	`EarningsPerShareBasic`	$-3.37	USD	3 Qtrs
Basic loss per common share (in dollars per share)	`EarningsPerShareBasic`	$-0.85	USD	3 Qtrs
Diluted loss per common share (in dollars per share)	`EarningsPerShareDiluted`	$-0.85	USD	3 Qtrs
Diluted loss per common share (in dollars per share)	`EarningsPerShareDiluted`	$-3.37	USD	3 Qtrs
Diluted loss per common share (in dollars per share)	`EarningsPerShareDiluted`	$-0.26	USD	1 Quarter
Diluted loss per common share (in dollars per share)	`EarningsPerShareDiluted`	$-1.42	USD	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	14.14M	shares	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	16.44M	shares	3 Qtrs
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	14.09M	shares	3 Qtrs
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	16.53M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.53M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.09M	shares	3 Qtrs
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.14M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.44M	shares	3 Qtrs
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.39	USD	3 Qtrs
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.40	USD	3 Qtrs
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.14	USD	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.13	USD	1 Quarter

Cash Flow Statement 92 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-12.00M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-55.38M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-3.63M	USD	1 Quarter
Net loss	`ProfitLoss`	$-23.44M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$3.44M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-3.38M	USD	3 Qtrs
Net loss on extinguishment of debt	`NoncashGainLossOnExtinguishmentOfDebt`	$-4.87M	USD	3 Qtrs
Net loss on extinguishment of debt	`NoncashGainLossOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$3.16M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$20.08M	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$6.12M	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$488.00K	USD	3 Qtrs
Change in operating right-of-use assets	`ChangeInOperatingRightOfUseAssets`	$1.66M	USD	3 Qtrs
Change in operating right-of-use assets	`ChangeInOperatingRightOfUseAssets`	$3.87M	USD	3 Qtrs
Accretion of loan fees and interest	`AccretionOfLoanFeesAndInterest1`	$8.01M	USD	3 Qtrs
Accretion of loan fees and interest	`AccretionOfLoanFeesAndInterest1`	$1.25M	USD	3 Qtrs
Accretion of preferred shares	`AccretionOfPreferredShares1`	-	USD	3 Qtrs
Accretion of preferred shares	`AccretionOfPreferredShares1`	$26.00K	USD	3 Qtrs
Adjustments of purchase price liability	`AccretionOfPurchasePriceLiability`	$-1.79M	USD	3 Qtrs
Adjustments of purchase price liability	`AccretionOfPurchasePriceLiability`	$72.00K	USD	3 Qtrs
Gain on sale of refranchised assets	`GainLossOnSaleOfBusiness`	$869.00K	USD	3 Qtrs
Gain on sale of refranchised assets	`GainLossOnSaleOfBusiness`	-	USD	3 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$225.00K	USD	3 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$4.30M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$26.10M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.02M	USD	3 Qtrs
Other current and noncurrent assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.37M	USD	3 Qtrs
Other current and noncurrent assets	`IncreaseDecreaseInOtherOperatingAssets`	$768.00K	USD	3 Qtrs
Deferred income	`IncreaseDecreaseInContractWithCustomerLiability`	$1.24M	USD	3 Qtrs
Deferred income	`IncreaseDecreaseInContractWithCustomerLiability`	$2.55M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-6.58M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.65M	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$7.11M	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-3.67M	USD	3 Qtrs
Accrued advertising	`IncreaseDecreaseInAccruedAdvertising`	$646.00K	USD	3 Qtrs
Accrued advertising	`IncreaseDecreaseInAccruedAdvertising`	$5.27M	USD	3 Qtrs
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$3.80M	USD	3 Qtrs
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$1.92M	USD	3 Qtrs
Dividend payable on preferred shares	`IncreaseDecreaseDividendPayableOnPreferredShares`	$-9.00K	USD	3 Qtrs
Dividend payable on preferred shares	`IncreaseDecreaseDividendPayableOnPreferredShares`	$699.00K	USD	3 Qtrs
Other current and noncurrent liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-79.00K	USD	3 Qtrs
Other current and noncurrent liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-7.03M	USD	3 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$18.78M	USD	3 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$7.99M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-36.60M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.01M	USD	3 Qtrs
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$346.48M	USD	3 Qtrs
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$2.77M	USD	3 Qtrs
Payments received on notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$1.69M	USD	3 Qtrs
Payments received on notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$140.00K	USD	3 Qtrs
Net proceeds from sale of refranchised restaurants	`ProceedsFromDivestitureOfBusinessesNetOfCashDivested`	-	USD	3 Qtrs
Net proceeds from sale of refranchised restaurants	`ProceedsFromDivestitureOfBusinessesNetOfCashDivested`	$1.94M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.36M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.66M	USD	3 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$87.00K	USD	3 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.44M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-346.15M	USD	3 Qtrs
Proceeds from borrowings, net of issuance costs	`ProceedsFromDebtNetOfIssuanceCosts`	$29.33M	USD	3 Qtrs
Proceeds from borrowings, net of issuance costs	`ProceedsFromDebtNetOfIssuanceCosts`	$479.72M	USD	3 Qtrs
Repayments of borrowings	`RepaymentsOfShortTermDebt`	$720.00K	USD	3 Qtrs
Repayments of borrowings	`RepaymentsOfShortTermDebt`	$93.05M	USD	3 Qtrs
Issuance of preferred shares, net	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	3 Qtrs
Issuance of preferred shares, net	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$8.25M	USD	3 Qtrs
Change in operating lease liabilities	`RepaymentOfChangeInOperatingLeaseLiabilities`	$2.88M	USD	3 Qtrs
Change in operating lease liabilities	`RepaymentOfChangeInOperatingLeaseLiabilities`	$1.44M	USD	3 Qtrs
Payments made on acquisition purchase price liability	`PaymentsOfMergerRelatedCostsFinancingActivities`	$1.07M	USD	3 Qtrs
Payments made on acquisition purchase price liability	`PaymentsOfMergerRelatedCostsFinancingActivities`	-	USD	3 Qtrs
Exercise of warrants	`ProceedsFromWarrantExercises`	$117.00K	USD	3 Qtrs
Exercise of warrants	`ProceedsFromWarrantExercises`	$2.19M	USD	3 Qtrs
Dividends paid on redeemable preferred stock	`PaymentsOfOrdinaryDividendsTemporaryEquity`	$690.00K	USD	3 Qtrs
Dividends paid on redeemable preferred stock	`PaymentsOfOrdinaryDividendsTemporaryEquity`	$1.06M	USD	3 Qtrs
Dividends paid on common shares	`PaymentsOfDividendsCommonStock`	$6.58M	USD	3 Qtrs
Dividends paid on common shares	`PaymentsOfDividendsCommonStock`	$5.34M	USD	3 Qtrs
Dividends paid on preferred shares	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$4.97M	USD	3 Qtrs
Dividends paid on preferred shares	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$2.10M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$386.47M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$13.22M	USD	3 Qtrs
Net (decrease) increase in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$36.32M	USD	3 Qtrs
Net (decrease) increase in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-37.82M	USD	3 Qtrs
Cash and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$7.21M	USD	Point-in-time
Cash and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$43.53M	USD	Point-in-time
Cash and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$62.10M	USD	Point-in-time
Cash and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$99.92M	USD	Point-in-time
Cash and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$7.21M	USD	Point-in-time
Cash and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$43.53M	USD	Point-in-time
Cash and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$62.10M	USD	Point-in-time
Cash and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$99.92M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$46.49M	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$5.87M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$713.00K	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$639.00K	USD	3 Qtrs

Stockholders Equity 48 line items

Line Item	Tag	Value	Unit	Period
Redeemable preferred stock	`CurrentPortionOfRedeemablePreferredShares`	3.09M	shares	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-86.47M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-21.66M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-18.82M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-41.88M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-61.12M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-45.16M	USD	Point-in-time
Net loss	`ProfitLoss`	$-12.00M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-55.38M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-3.63M	USD	1 Quarter
Net loss	`ProfitLoss`	$-23.44M	USD	1 Quarter
Issuance of common stock through exercise of warrants (in shares)	`StockIssuedDuringPeriodSharesExerciseOfWarrants`	31,399.00	shares	3 Qtrs
Issuance of common stock through exercise of warrants	`StockIssuedDuringPeriodValueExerciseOfWarrants`	$117.00K	USD	3 Qtrs
Issuance of common stock through exercise of warrants	`StockIssuedDuringPeriodValueExerciseOfWarrants`	$34.00K	USD	1 Quarter
Issuance of common stock through exercise of warrants	`StockIssuedDuringPeriodValueExerciseOfWarrants`	$810.00K	USD	1 Quarter
Issuance of common stock through exercise of warrants	`StockIssuedDuringPeriodValueExerciseOfWarrants`	$2.19M	USD	3 Qtrs
Issuance of preferred stock	`StockIssuedDuringPeriodValueNewIssues`	$-35.00K	USD	1 Quarter
Issuance of preferred stock	`StockIssuedDuringPeriodValueNewIssues`	$8.25M	USD	3 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$488.00K	USD	3 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.04M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$258.00K	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.12M	USD	3 Qtrs
Measurement period adjustment in accordance with ASU 2015-16	`AdjustmentsToAdditionalPaidInCapitalOther`	$70.00K	USD	1 Quarter
Measurement period adjustment in accordance with ASU 2015-16	`AdjustmentsToAdditionalPaidInCapitalOther`	$-1.38M	USD	3 Qtrs
Stock contracted for issue in payment of debt	`StockContractedForIssueInPaymentOfDebt`	$816.00K	USD	3 Qtrs
Sale of Interest in operating restaurant	`SaleOfInterestInOperatingRestaurant`	$749.00K	USD	3 Qtrs
Sale of Interest in operating restaurant	`SaleOfInterestInOperatingRestaurant`	$500.00K	USD	1 Quarter
Dividends paid on common stock	`DividendsCommonStockCash`	$5.31M	USD	3 Qtrs
Dividends paid on common stock	`DividendsCommonStockCash`	$2.12M	USD	1 Quarter
Dividends paid on common stock	`DividendsCommonStockCash`	$6.58M	USD	3 Qtrs
Dividends paid on common stock	`DividendsCommonStockCash`	$2.32M	USD	1 Quarter
Dividends paid on Series B preferred stock	`DividendsPreferredStockCash`	$2.08M	USD	3 Qtrs
Dividends paid on Series B preferred stock	`DividendsPreferredStockCash`	$864.00K	USD	1 Quarter
Dividends paid on Series B preferred stock	`DividendsPreferredStockCash`	$1.66M	USD	1 Quarter
Dividends paid on Series B preferred stock	`DividendsPreferredStockCash`	$4.97M	USD	3 Qtrs
Issuance of common stock in connection with acquisition of LS GFG Holdings Inc.	`StockIssuedDuringPeriodValueAcquisitions`	$21.81M	USD	3 Qtrs
Issuance of common stock in connection with acquisition of LS GFG Holdings Inc.	`StockIssuedDuringPeriodValueAcquisitions`	$21.81M	USD	1 Quarter
Stock dividend of Class B shares	`DividendsCommonStockStock`	$25.00K	USD	3 Qtrs
Stock dividend of Class B shares	`DividendsCommonStockStock`	$25.00K	USD	1 Quarter
Series A Preferred shares retired through issuance of Series B preferred shares	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$9.56M	USD	3 Qtrs
Series A Preferred shares retired through issuance of Series B preferred shares	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$9.56M	USD	1 Quarter
Exercise of Series B preferred stock put option	`AdjustmentsToAdditionalPaidInCapitalDecreaseDueToExerciseOfPutOption`	$4.11M	USD	3 Qtrs
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-86.47M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-21.66M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-18.82M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-41.88M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-61.12M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-45.16M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.