Annual report pursuant to Section 13 and 15(d)

Quarterly Results of Operations (unaudited)

v3.3.1.900
Quarterly Results of Operations (unaudited)
12 Months Ended
Dec. 27, 2015
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results of Operations (unaudited)
Quarterly Results of Operations (unaudited)
The following tables summarize the unaudited consolidated quarterly financial information for fiscal years 2015 and 2014 (in thousands, except per share data):
 
 
Q1
(16 weeks)
 
Q2
(12 weeks)
 
Q3
(12 weeks)
 
Q4 (1)
(12 weeks)
 
2015
(52 weeks)
Total revenues
 
$
394,901

 
$
292,979

 
$
283,412

 
$
286,300

 
$
1,257,592

Income from operations
 
$
23,845

 
$
16,480

 
$
11,705

 
$
15,015

 
$
67,045

Net income
 
$
16,565

 
$
11,166

 
$
8,282

 
$
11,691

 
$
47,704

Basic earnings per share
 
$
1.18

 
$
0.79

 
$
0.59

 
$
0.85

 
$
3.40

Diluted earnings per share
 
$
1.16

 
$
0.78

 
$
0.58

 
$
0.84

 
$
3.36

 
 
Q1
(16 weeks)
 
Q2
(12 weeks)
 
Q3
(12 weeks)
 
Q4 (2) (12 weeks)
 
2014
(52 weeks)
Total revenues
 
$
340,484

 
$
256,133

 
$
267,376

 
$
282,109

 
$
1,146,102

Income from operations
 
$
17,042

 
$
13,466

 
$
9,226

 
$
4,950

 
$
44,684

Net income
 
$
11,944

 
$
9,470

 
$
7,208

 
$
3,939

 
$
32,561

Basic earnings per share
 
$
0.83

 
$
0.66

 
$
0.51

 
$
0.28

 
$
2.29

Diluted earnings per share
 
$
0.82

 
$
0.65

 
$
0.50

 
$
0.28

 
$
2.25


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(1)
During the fourth quarter of 2015, it was determined that two Company-owned restaurants were impaired. The Company recognized a pre-tax non-cash impairment charge of $0.6 million for these restaurants.
(2)
During the fourth quarter of 2014, it was determined that three Company-owned restaurants and certain software in development related to the supply chain and human resource management modules of Company’s ERP system were impaired. The Company recognized a pre-tax non-cash impairment charge of $8.8 million for these restaurants and software.