The following table sets forth selected operating data as a percentage of total revenues for the periods indicated.
All information is derived from the accompanying condensed consolidated statements of income.
Depreciation and amortization decreases resulted from increased sales leverage and a declining depreciable asset base for older units. Partially offsetting these decreases were increases in depreciation and amortization related to new unit construction and ongoing remodel costs. The Company has not experienced a significant overall impact from inflation. As operating expenses increase, the Company, to the extent permitted by competition, recovers increased costs through a combination of menu price increases and reviewing, then implementing, alternative products or processes. The unused portion of the real estate leasing facility will be used to lease real estate through fiscal year 2002.