Company: RRGB
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001171759-25-000012
Chunk: 65

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 65
---
 compensation expense (1)$(2.90)$(1.01)Weighted average shares outstandingBasic15,736 15,835 Diluted15,736 15,835 

  (1)    Beginning in the first quarter of fiscal 2025, the Company intends to revise its definition of Adjusted Net income (loss) to exclude noncash stock-based compensation expense. The Company believes this change will provide investors with a better understanding of our financial performance from period to period. Previously reported results will be revised to reflect the new presentation.

32

Table of Contents

The following table summarizes net loss, and EBITDA and adjusted EBITDA for the periods presented:

Fifty-Two Weeks EndedFifty-Three Weeks EndedDecember 29, 2024December 31, 2023Net loss as reported$(77,541)$(21,228)Interest expense, net24,805 25,796 Income tax provision (benefit)(90)310 Depreciation and amortization57,729 66,190 EBITDA4,903 71,068 Gift card breakage— 480 Impairment and other charges (gains), net:Asset impairment and restaurant closure costs, net34,080 12,192 Gain on sale of restaurant property(7,425)(29,543)Severance and executive transition1,181 3,419 Litigation contingencies1,037 9,140 Asset disposal and other, net4,975 2,129 Adjusted EBITDA$38,751 $68,885 Stock-based compensation expense6,889 6,804 Adjusted EBITDA excluding Stock-based compensation expense (1)$45,640 $75,689 

(1) Beginning in the first quarter of fiscal 2025, the Company intends to revise its definition of Adjusted EBITDA to exclude noncash stock-based compensation expense. The Company believes this change will provide investors with a better understanding of our financial performance from period to period. Previously reported results will be revised to reflect the new presentation.

We define EBITDA as net income (loss) before interest expense, income taxes, and depreciation and amortization. Adjusted EBITDA and Adjusted income (loss) per share-diluted are supplemental measures of our performance that are not required by or presented in accordance with GAAP. We believe these non-GAAP measures give the reader additional insight into the