Question: Condensed Consolidated Balance Sheets - USD ($) $ in Thousands Dec. 31, 2017 Current assets: Cash and cash equivalents $ 16,020 Accounts and vendor receivables,
| Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2017 |
| Current assets: | |
| Cash and cash equivalents | $ 16,020 |
| Accounts and vendor receivables, net of allowance for doubtful accounts of $769 and $289 | 4,081 |
| Accounts receivable, related parties, net of allowance for doubtful accounts of $28 and $28 | 543 |
| Inventories, net | 2,841 |
| Other current assets | 12,588 |
| Total current assets | 36,073 |
| Property and equipment, net | 38,164 |
| Goodwill | 161,140 |
| Brand | 290,500 |
| Franchise rights, net | 20,284 |
| Favorable leases, net | 429 |
| Other noncurrent assets | 4,292 |
| Total assets | 550,882 |
| Current liabilities: | |
| Accounts payable | 12,130 |
| Accrued expenses | 24,922 |
| Current maturities of capital lease obligations | 8,472 |
| Other current liabilities | 4,047 |
| Total current liabilities | 49,571 |
| Long-term debt, less current maturities and deferred debt issuance costs, net | 97,842 |
| Deferred income taxes | 64,430 |
| Capital lease obligations, less current maturities | 18,619 |
| Noncurrent closed store obligation | 11,316 |
| Other noncurrent liabilities | 17,504 |
| Total liabilities | 259,282 |
| Commitments and contingencies (notes 3, 13 and 15) | |
| Stockholders' equity: | |
| Preferred stock, $0.01 par value; 25,000 shares authorized and no shares issued and outstanding as of and December 31, 2017 | |
| Common stock, $0.01 par value; 150,000 shares authorized, 37,883 shares issued and 37,473 shares outstanding as of September 30, 2018 and 37,069 shares issued and 36,899 shares outstanding as of December 31, 2017 | 379 |
| Treasury stock, 410 and 170 shares at cost as of September 30, 2018 and December 31, 2017, respectively | (4,859) |
| Additional paid-in capital | 136,830 |
| Retained earnings | 158,625 |
| Accumulated other comprehensive income | 625 |
| Total stockholders' equity | 291,600 |
| Total liabilities and stockholders' equity | $ 550,882 |
| Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($) $ in Thousands | ||
| Dec. 31, 2017 | [1] | |
| Revenues: | ||
| Total revenues | $ 136,042 | |
| Restaurant operating expenses: | ||
| Cost of Goods Sold | 114,841 | |
| Operating income before other operating expenses | 21,201 | |
| Other operating expenses: | ||
| General and administrative | 9,814 | |
| Depreciation and amortization | 747 | |
| Impairment | 126 | |
| Restaurant closures and refranchising costs and related asset write-downs | ||
| Loss (gain) on disposal of property and equipment and other | (135) | |
| Total other operating expenses | 10,552 | |
| Operating (loss) income | 10,649 | |
| Amortization of deferred debt issuance costs | (147) | |
| Interest income | 2 | |
| Interest expense | (1,495) | |
| (Loss) income before income taxes | 9,009 | |
| Income tax benefit (expense) | (2,120) | |
| Net (loss) income | 6,889 | |
Calculate the firms return on equity (ROE)
[Enter answer as a decimal]
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