Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF INCOME

v2.4.0.8
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 29, 2013
Dec. 30, 2012
Dec. 25, 2011
Revenues:      
Restaurant revenue $ 1,000,198 $ 960,994 $ 898,842
Franchise royalties and fees 14,378 14,501 14,151
Other revenue 2,671 1,637 1,857
Total revenues 1,017,247 977,132 914,850
Restaurant operating costs (excluding depreciation and amortization shown separately below):      
Cost of sales 250,237 242,641 227,063
Labor (includes $151, $349 and $626 of stock-based compensation) 335,113 323,100 303,503
Other operating 123,479 125,471 124,238
Occupancy 74,079 70,971 65,785
Depreciation and amortization 58,200 55,468 55,272
Selling, general and administrative expenses (includes $3,672, $3,459 and $2,693 of stock-based compensation) 124,278 110,798 103,124
Pre-opening costs 6,530 3,474 3,527
Asset impairment charges 1,517 0 4,337
Total costs and expenses 973,433 931,923 886,849
Income from operations 43,814 45,209 28,001
Other (income) expense:      
Interest expense 2,692 5,662 5,885
Loss on debt refinancing 0 2,919 0
Interest income and other, net (127) (229) 28
Total other expenses 2,565 8,352 5,913
Income before income taxes 41,249 36,857 22,088
Provision for income taxes 9,010 8,526 1,511
Net income $ 32,239 $ 28,331 $ 20,577
Earnings per share:      
Basic (in dollars per share) $ 2.27 $ 1.97 $ 1.36
Diluted (in dollars per share) $ 2.22 $ 1.93 $ 1.34
Weighted average shares outstanding:      
Basic (in shares) 14,225 14,411 15,122
Diluted (in shares) 14,510 14,669 15,357