Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited)

v3.23.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Net revenues $ 236,894 $ 225,159 $ 462,854 $ 444,578
Cost of labor and chemicals 70,824 69,351 137,616 134,889
Other store operating expenses 90,337 79,029 179,803 156,830
General and administrative 27,829 25,610 52,012 49,297
Gain on sale of assets, net (4,728) (3,146) (4,791) (2,687)
Total costs and expenses 184,262 170,844 364,640 338,329
Operating income 52,632 54,315 98,214 106,249
Other expense:        
Interest expense, net 18,295 8,762 36,043 16,928
Total other expense 18,295 8,762 36,043 16,928
Income before taxes 34,337 45,553 62,171 89,321
Income tax provision 7,205 9,894 13,903 18,174
Net income 27,132 35,659 48,268 71,147
Other comprehensive income, net of tax:        
Gain on interest rate swap 0 301 0 2,170
Total comprehensive income $ 27,132 $ 35,960 $ 48,268 $ 73,317
Net income per share:        
Basic $ 0.09 $ 0.12 $ 0.16 $ 0.24
Diluted $ 0.08 $ 0.11 $ 0.15 $ 0.22
Weighted-average common shares outstanding:        
Basic 309,314,858 302,666,291 308,308,972 301,803,664
Diluted 328,283,353 327,229,531 327,951,399 328,205,776