Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited)

v3.23.3
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Net revenues $ 234,076 $ 217,576 $ 696,930 $ 662,154
Cost of labor and chemicals 72,760 68,228 210,376 203,117
Other store operating expenses 90,514 82,343 270,317 239,173
General and administrative 26,426 24,743 78,438 74,040
Gain on sale of assets, net 1,321 (649) (3,470) (3,336)
Total costs and expenses 191,021 174,665 555,661 512,994
Operating income 43,055 42,911 141,269 149,160
Other expense:        
Interest expense, net 19,100 10,100 55,143 27,028
Total other expense 19,100 10,100 55,143 27,028
Income before taxes 23,955 32,811 86,126 122,132
Income tax provision 4,470 8,814 18,373 26,988
Net income 19,485 23,997 67,753 95,144
Other comprehensive income, net of tax:        
(Loss) Gain on interest rate swap 0 (1,795) 0 375
Total comprehensive income $ 19,485 $ 22,202 $ 67,753 $ 95,519
Net income per share:        
Basic $ 0.06 $ 0.08 $ 0.22 $ 0.31
Diluted $ 0.06 $ 0.07 $ 0.21 $ 0.29
Weighted-average common shares outstanding:        
Basic 312,883,586 304,290,590 309,850,600 302,641,749
Diluted 328,844,569 326,881,152 328,265,878 327,773,344