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Reconciliation of Income from Operations to Restaurant Margin
Fiscal Year Ended
2018 2017 2016
Income from operations .............................. $ 187,789 $ 186,206 $ 171,900
Less:
Franchise royalties and fees ........................... 20,334 16,514 16,453
Add:
Pre-opening ........................................ 19,051 19,274 19,547
Depreciation and amortization ......................... 101,216 93,499 82,964
Impairment and closure ............................... 278 654 179
General and administrative ............................ 136,163 123,294 110,795
Restaurant margin ................................... $ 424,163 $ 406,413 $ 368,932
Restaurant margin $/store week ........................ $ 17,177 $ 17,462 $ 17,094
Restaurant margin (as a percentage of restaurant and
other sales) ......................................... 17.4 % 18.4 % 18.7 %
Restaurant Unit Activity
Total
Texas
Roadhouse Bubba's 33 Other
Balance at December 29, 2015... ............................ 483 474 7 2
Company openings ........................................ 30 21 9 —
Franchise openings - Domestic .............................. 1 1 — —
Franchise openings - International ............................ 3 3 — —
Balance at December 27, 2016... ............................ 517 499 16 2
Company openings ........................................ 27 23 4 —
Franchise openings - Domestic .............................. 1 1 — —
Franchise openings - International ............................ 4 4 — —
Balance at December 26, 2017... ............................ 549 527 20 2
Company openings ........................................ 28 23 5 —
Franchise openings - Domestic .............................. — — — —
Franchise openings - International ............................ 5 5 — —
Balance at December 25, 2018... ............................ 582 555 25 2
December 25, 2018 December 26, 2017 December 27, 2016
Company - Texas Roadhouse .............................. 464 440 413
Company - Bubba's 33 ................................... 25 20 16
Company - Other ........................................ 2 2 2
Franchise - Texas Roadhouse - U.S. ........................ 69 70 73
Franchise - Texas Roadhouse - International ................. 22 17 13
Total .................................................. 582 549 517
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