2 unchanged sentences
Restaurant operations own the land and building for 157 restaurants;
+Added: they also own 10 other properties.
The following table lists the locations of the restaurants, as of December 31, 2021.
36 unchanged sentences
France 2 — 31 — — 33
−Removed: Italy — — 1 — — 1
Monaco 1 — — — — 1
Portugal — — 4 — — 4
−Removed: Qatar — — 1 — — 1
Spain 1 — — — — 1
1 unchanged sentence
As of December 31, 2021, 42 of the 199 Steak n Shake company-operated stores were closed.
−Removed: The Company intends to reopen most of its 57 closed stores.
−Removed: Oil and Gas Properties
+Added: The Company intends to refranchise the majority of its 42 closed stores.
+Added: Other Properties
Southern Oil primarily operates oil and natural gas wells in Louisiana.
Its operations are primarily offshore in the shallow waters of the Gulf of Mexico.
+Added: First Guard owns the land and building of its office in Venice, Florida.
+Added: Southern Pioneer owns the land and building of its office in Jonesboro, Arkansas.
+Added: The Company owns Steak n Shake’s office building in Indianapolis, Indiana, along with two other undeveloped properties in other states.
Legal Proceedings
−Removed: Refer to Commitments and Contingencies - Note 14 to Consolidated Financial Statements included in Item 8 for a discussion of legal proceedings.
+Added: Refer to Commitments and Contingencies - Note 14 to the Consolidated Financial Statements included in Item 8 for a discussion of legal proceedings.
Mine Safety Disclosures
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.