Reconciliation of Income from Operations to Restaurant Margin
Fiscal Year Ended
2019 2018 2017
(In thousands, except per store week)
Income from operations ............................ $ 212,023 $ 187,789 $ 186,206
Less:
Franchise royalties and fees ......................... 21,986 20,334 16,514
Add:
Pre-opening ...................................... 20,156 19,051 19,274
Depreciation and amortization ....................... 115, 544 101,216 93,499
Impairment and closure, net ......................... (899) 278 654
General and administrative .......................... 149, 389 136,163 123,294
Restaurant margin ................................. $ 474,227 $ 424,163 $ 406,413
Restaurant margin $/store week ...................... $ 17,914 $ 17,177 $ 17,462
Restaurant margin (as a percentage of restaurant
and other sales) ................................... 17.3% 17.4% 18.4%
Restaurant Unit Activity
Total
Texas
Roadhouse Bubba's 33 Other
Balance at December 25, 2018... ............................ 582 555 25 2
Company openings ........................................ 22 19 3 —
Franchise openings - Domestic .............................. 1 1 — —
Franchise openings - International ............................ 8 8 — —
Franchise closings - International ............................ (2) (2) — —
Balance at December 31, 2019... ............................ 611 581 28 2
December 31, 2019 December 25, 2018 December 26, 2017
Company - Texas Roadhouse .............................. 484 464 440
Company - Bubba's 33 ................................... 28 25 20
Company - Other ........................................ 2 2 2
Franchise - Texas Roadhouse - U.S. ........................ 69 69 70
Franchise - Texas Roadhouse - International ................. 28 22 17
Total .................................................. 611 582 549