Company: RRGB
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001171759-25-000028
Chunk: 48

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 48
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 EndedJuly 13, 2025July 14, 2024July 13, 2025July 14, 2024Basic weighted average shares outstanding17,799 15,680 17,655 15,608 Dilutive effect of stock options and awards1,126 — 944 — Diluted weighted average shares outstanding18,925 15,680 18,598 15,608 Awards excluded due to anti-dilutive effect on diluted income (loss) per share2,866 1,996 2,426 1,668 

5. Other Charges (Gains), net

Other charges (gains), net consisted of the following (in thousands):Twelve Weeks EndedTwenty-Eight Weeks EndedJuly 13, 2025July 14, 2024July 13, 2025July 14, 2024Gain on sale of restaurant property$— $— $(1,137)$(7,425)Asset impairment and restaurant closure costs, net(1,615)1,551 (1,405)(398)Severance and executive transition (includes $(3,868); $16; $(4,093); and $50 of stock-based compensation)459 137 1,339 1,082 Litigation contingencies11 356 23 776 Asset disposal and other, net 889 887 1,600 4,920 Other charges (gains), net$(256)$2,931 $420 $(1,045)

9

Gain on Sale of Restaurant PropertyDuring the year to date period of fiscal 2025, the Company sold three restaurant properties for total proceeds of $5.8 million that resulted in a gain, net of expenses of $1.1 million. The net proceeds are included within cash flows from investing activities on the Condensed Consolidated Statements of Cash Flows and were used to repay long-term debt.During the year to date period of fiscal 2024, the Company sold ten restaurant properties for total proceeds of $23.9 million in a sale-leaseback transaction that resulted in a gain, net of expenses of $7.4 million. The net proceeds are included within cash flows from investing activities on the Condensed Consolidated Statements of Cash Flows.Asset Impairment and Restaurant Closure Costs, netDuring the second quarter and year to date periods of fiscal 2025, the Company recognized