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. 25, 2011
Dec. 26, 2010
Dec. 27, 2009
Revenues:      
Restaurant revenue $ 898,842 $ 846,389 $ 828,031
Franchise royalties and fees 14,151 13,409 12,825
Other revenue 1,857 4,471 189
Total revenues 914,850 864,269 841,045
Restaurant operating costs:      
Cost of sales (exclusive of depreciation and amortization shown separately below): 227,063 206,639 199,195
Labor (includes $626, $839, and $1,371 of stock-based compensation, respectively) 303,503 300,878 287,981
Operating 124,238 125,137 122,183
Occupancy 65,785 63,055 62,420
Depreciation and amortization 55,272 56,738 57,166
Selling, general and administrative expenses (includes $2,693, $3,273 and $5,514 of stock-based compensation, respectively) 98,988 88,836 76,260
Franchise development 4,136 4,122 4,203
Pre-opening costs 3,527 3,015 3,696
Asset impairment charges 4,337 6,116  
Total costs and expenses 886,849 854,536 813,104
Income from operations 28,001 9,733 27,941
Other (income) expense:      
Interest expense 5,885 5,112 6,903
Interest income (62) (63) (111)
Other 90 (46) (380)
Total other expenses 5,913 5,003 6,412
Income before income taxes 22,088 4,730 21,529
Provision (benefit) for income taxes 1,511 (2,569) 3,930
Net income $ 20,577 $ 7,299 $ 17,599
Earnings per share:      
Basic (in dollars per share) $ 1.36 $ 0.47 $ 1.14
Diluted (in dollars per share) $ 1.34 $ 0.46 $ 1.14
Weighted average shares outstanding:      
Basic (in shares) 15,122 15,536 15,392
Diluted (in shares) 15,357 15,709 15,504