2 unchanged sentences
Our common stock has been listed on The Nasdaq Stock Market LLC under the symbol “LOCO” since July 25, 2014.
−Removed: As of February 27, 2020, there were approximately 50 holders of record of our common stock.
+Added: As of March 5, 2021, there were approximately 50 holders of record of our common stock.
The number of holders of record is based upon the actual number of holders registered at such date and does not include holders of shares in “street name” or persons, partnerships, associates, corporations, or other entities in security position listings maintained by depositories.
+Added: The Company does not currently pay cash dividends to our holders of common stock and does not anticipate paying any such dividends for the foreseeable future.
+Added: Any determination to pay dividends in the future will be at the discretion of our Board of Directors and will depend upon our results of operations, financial condition, restrictions imposed by applicable law and our financing agreements and other factors that our Board of Directors deems relevant.
Issuer Purchases of Equity Securities
−Removed: On April 30, 2019, as part of the Company’s focus on stockholder returns, the Board of Directors approved a new stock repurchase program.
−Removed: The Company entered into a stock repurchase plan on May 17, 2019 (the “2019 Stock Repurchase Plan”), which allowed for the repurchase up to $30.0 million of the Company’s common stock.
−Removed: The 2019 Stock Repurchase Plan commenced on June 27, 2019, and was exhausted on September 26, 2019.
−Removed: The following table summarizes the Company's purchases of common stock under the 2019 Stock Repurchase Program and withholdings of common stock to satisfy tax withholding obligations in connection with the vesting of restricted stock issued to employees related to awards under our compensation plans in the quarterly period ended December 25, 2019 (in thousands, except number of shares and per share amounts):
−Removed: Total Number of Shares Purchased (1)
−Removed: Average Price Paid Per Share
−Removed: Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
−Removed: Approximate Dollar Value of Shares That May Be Purchased Under the Plans or Programs
+Added: During the quarterly period ended December 30, 2020, the Company acquired shares of its common stock held by one of its employees to satisfy tax withholding obligations in connection with the vesting of previously issued restricted stock.
+Added: T he number of shares of common stock acquired and the average price paid per share for each month in the fourth quarter ended December 30, 2020 are as shown in the table below.
+Added: Total Number of
+Added: Average Price
+Added: Shares Purchased
+Added: Paid Per Share
September 24, 2020 to October 21, 2020
1 unchanged sentence
November 19, 2020 to December 30, 2020
−Removed: (1) During the quarterly period ended December 25, 2019 , the Company withheld 1,474 shares of common stock surrendered to the Company to satisfy tax withholding obligations in connection with the vesting of restricted stock issued to employees related to awards under our compensation plans for total consideration of less than $0.1 million.
−Removed: Recent Sales of Unregistered Securities
Stock Performance Graph
The following graph and table illustrate the total cumulative shareholder return for (i) our common stock, (ii) the Nasdaq Composite Total Return Index and (iii) the Standard and Poor’s Supercomposite Restaurants Index, for the five years ended December 30, 2020.
−Removed: The graph assumes the investment of $100 at the beginning of the period (at the closing price on our first day of trading on July 25, 2014) of our common stock on December 31, 2014 and the reinvestment of all dividends.
+Added: The graph assumes the investment of $100 at the beginning of the period (at the closing price of our common stock on December 30, 2015) and the reinvestment of all dividends.
Stockholder returns over the indicated period should not be considered indicative of future stockholder returns.
The stock performance graph shall not be deemed soliciting material or to be filed with the SEC or subject to Regulation 14A or 14C under the Exchange Act or to the liabilities of Section 18 of the Exchange Act, nor shall it be incorporated by reference into any past or future filing under the Securities Act of 1933, as amended (the “Securities Act”) or the Exchange Act, except to the extent we specifically request that it be treated as soliciting material or specifically incorporate it by reference into a filing under the Securities Act or the Exchange Act
−Removed: S&P Supercomposite
−Removed: Restaurants Index
+Added: Supercomposite
December 30, 2015
−Removed: April 1, 2015
−Removed: September 30, 2015
December 28, 2016
−Removed: March 30, 2016
−Removed: June 29, 2016
−Removed: September 28, 2016
December 27, 2017
−Removed: March 29, 2017
−Removed: June 28, 2017
−Removed: September 27, 2017
December 26, 2018
−Removed: March 28, 2018
−Removed: June 27, 2018
−Removed: September 26, 2018
December 24, 2019
−Removed: March 27, 2019
−Removed: June 26, 2019
−Removed: September 25, 2019
December 30, 2020
SELECTED FINANCIAL DATA
−Removed: The following tables contain selected historical consolidated financial data as of and for the last five fiscal years, derived from our audited consolidated financial statements.
−Removed: Not all periods shown are discussed in this Annual Report.
−Removed: You should read these tables in conjunction with "Item 7.
−Removed: Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and our "Audited Consolidated Financial Statements" and accompanying "Notes to Consolidated Financial Statements" in this Annual Report (dollar and share amounts in thousands, except per share data).
−Removed: Statements of Operations Data:
−Removed: Company-operated restaurant revenue (1)
−Removed: Franchise revenue (1)
−Removed: Franchise advertising fee revenue (1)
−Removed: Total revenue
−Removed: Cost of operations
−Removed: Food and paper costs
−Removed: Labor and related expenses
−Removed: Occupancy and other operating expenses
−Removed: Gain on recovery of insurance proceeds, lost profits
−Removed: Company restaurant expenses
−Removed: General and administrative expenses
−Removed: Legal settlements
−Removed: Franchise expenses
−Removed: Depreciation and amortization
−Removed: Loss on disposal of assets
−Removed: Expenses related to fire loss
−Removed: Gain on recovery of insurance proceeds, property,
−Removed: equipment and expenses
−Removed: Recovery of securities lawsuits related legal expenses
−Removed: Impairment and closed-store reserves
−Removed: Loss on disposition of restaurants
−Removed: Total expenses
−Removed: Gain on disposition of restaurants
−Removed: Income (loss) from operations
−Removed: Interest expense, net
−Removed: Expenses related to selling shareholders
−Removed: Income tax receivable agreement expense (income)
−Removed: Income (loss) before provision (benefit) for income taxes
−Removed: Provision (benefit) for income taxes
−Removed: Net income (loss)
−Removed: Per Share Data:
−Removed: Net income (loss) per share
−Removed: Weighted average shares used in computing net income (loss) per share
−Removed: On December 28, 2017 we adopted Accounting Standards Update (“ASU") No.
−Removed: 2014-09, “Revenue from Contracts with Customers (Topic 606)" ("ASU 2014-09").
−Removed: Results for reporting periods beginning on or after December 28, 2017 are presented under Accounting Standards Codification ("ASC") Topic 606 ("ASC 606").
−Removed: Prior period amounts were not revised and continue to be reported in accordance with ASC Topic 605 ("ASC 605"), the accounting standard then in effect.
−Removed: See "Note 15 Revenue from Contracts with Customers" for further information.
−Removed: Consolidated Statements of Cash Flows Data:
−Removed: Net cash provided by operating activities
−Removed: Net cash used in investing activities
−Removed: Net cash used in financing activities
−Removed: Consolidated Balance Sheet Data—(at period end):
−Removed: Cash and cash equivalents
−Removed: Net property (1)
−Removed: Total assets (2)
−Removed: Total debt (2), (3)
−Removed: Total stockholders’ equity
−Removed: Net property consists of property and equipment, net of accumulated depreciation and amortization.
−Removed: On December 27, 2018 we adopted ASU No.
−Removed: 2016-02, “Leases (Topic 842)".
−Removed: Results for reporting periods beginning on or after December 27, 2018 are presented under Topic 842.
−Removed: Prior period amounts were not revised and continue to be reported in accordance with ASC Topic 840 ("Topic 840"), the accounting standard then in effect.
−Removed: Summary of Significant Accounting Policies - Change in Accounting Policies" and "Note 5.
−Removed: Leases" for further information.
−Removed: Total debt consists of borrowings under the 2018 Revolver and the 2014 Revolver (each, as defined below in "Item 7.
−Removed: Management’s Discussion and Analysis of Financial Condition and Results of Operations—Liquidity and Capital Resources—Debt and Other Obligations”), and our capital lease obligations in 2018 and prior.
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.