Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF INCOME

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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 30, 2012
Dec. 25, 2011
Dec. 26, 2010
Revenues:      
Restaurant revenue $ 960,994 $ 898,842 $ 846,389
Franchise royalties and fees 14,501 14,151 13,409
Other revenue 1,637 1,857 4,471
Total revenues 977,132 914,850 864,269
Restaurant operating costs:      
Cost of sales (exclusive of depreciation and amortization shown separately below) 242,641 227,063 206,639
Labor (includes $349, $626 and $839 of stock-based compensation, respectively) 323,100 303,503 300,878
Other operating 125,471 124,238 125,137
Occupancy 70,971 65,785 63,055
Depreciation and amortization 55,468 55,272 56,738
Selling, general and administrative expenses (includes $3,459, $2,693 and $3,273 of stock-based compensation, respectively) 110,798 103,124 92,958
Pre-opening costs 3,474 3,527 3,015
Asset impairment charges   4,337 6,116
Total costs and expenses 931,923 886,849 854,536
Income from operations 45,209 28,001 9,733
Other (income) expense:      
Interest expense 5,662 5,885 5,112
Loss on debt refinancing 2,919    
Interest income and other, net (229) 28 (109)
Total other expenses 8,352 5,913 5,003
Income before income taxes 36,857 22,088 4,730
Provision (benefit) for income taxes 8,526 1,511 (2,569)
Net income $ 28,331 $ 20,577 $ 7,299
Earnings per share:      
Basic (in dollars per share) $ 1.97 $ 1.36 $ 0.47
Diluted (in dollars per share) $ 1.93 $ 1.34 $ 0.46
Weighted average shares outstanding:      
Basic (in shares) 14,411 15,122 15,536
Diluted (in shares) 14,669 15,357 15,709