Item 6. SELECTED FINANCIAL DATA

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Item 6. SELECTED FINANCIAL DATA

Our selected consolidated financial data shown below should be read together with Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our consolidated financial statements and respective notes included in Item 8. “Financial Statements and Supplementary Data.” The data shown below are not necessarily indicative of results to be expected for any future period (dollar and share amounts in thousands, except per share data).



		Year ended December 31,
	2018		2017		2016		2015		2014
Statement of Income:
Revenue	$	4,864,985	$	4,476,412	$	3,904,384	$	4,501,223	$	4,108,269
Food, beverage and packaging costs		1,600,760		1,535,428		1,365,580		1,503,835		1,420,994
Labor costs		1,326,079		1,205,992		1,105,001		1,045,726		904,407
Occupancy costs		347,123		327,132		293,636		262,412		230,868
Other operating costs		680,031		651,644		641,953		514,963		434,244
General and administrative expenses		375,460		296,388		276,240		250,214		273,897
Depreciation and amortization		201,979		163,348		146,368		130,368		110,474
Pre-opening costs		8,546		12,341		17,162		16,922		15,609
Loss on disposal of assets		66,639		13,345		23,877		13,194		6,976
Total operating expenses		4,606,617		4,205,618		3,869,817		3,737,634		3,397,469
Income from operations		258,368		270,794		34,567		763,589		710,800
Interest and other income, net		10,068		4,949		4,172		6,278		3,503
Income before income taxes		268,436		275,743		38,739		769,867		714,303
Provision for income taxes		(91,883)		(99,490)		(15,801)		(294,265)		(268,929)
Net income	$	176,553	$	176,253	$	22,938	$	475,602	$	445,374
Earnings per share
Basic	$	6.35	$	6.19	$	0.78	$	15.30	$	14.35
Diluted	$	6.31	$	6.17	$	0.77	$	15.10	$	14.13
Weighted average common shares outstanding
Basic		27,823		28,491		29,265		31,092		31,038
Diluted		27,962		28,561		29,770		31,494		31,512


		December 31,
	2018		2017		2016		2015		2014
Balance Sheet Data:
Total current assets	$	814,794	$	629,535	$	522,374	$	814,647	$	859,511
Total assets	$	2,265,518	$	2,045,692	$	2,026,103	$	2,725,066	$	2,527,317
Total current liabilities	$	449,990	$	323,893	$	281,793	$	279,942	$	245,710
Total liabilities	$	824,179	$	681,247	$	623,610	$	597,092	$	514,948
Total shareholders’ equity	$	1,441,339	$	1,364,445	$	1,402,493	$	2,127,974	$	2,012,369

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