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Selected Quarterly Financial Data (unaudited) | 12 Months Ended
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Dec. 31, 2013
Selected Quarterly Financial Data (unaudited) |
Selected Quarterly Financial Data (unaudited) | (18) Selected Quarterly Financial Data (unaudited)
|  | 2013 |
--- | --- | --- | ---
|  | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter |  | Total |
Revenue |  | $ | 359,676 |  | $ | 352,119 |  | $ | 334,770 |  | $ | 376,020 |  | $ | 1,422,585 |
Total costs and expenses |  | $ | 321,508 |  | $ | 322,322 |  | $ | 309,074 |  | $ | 349,966 |  | $ | 1,302,870 |
Income from operations |  | $ | 38,168 |  | $ | 29,797 |  | $ | 25,696 |  | $ | 26,054 |  | $ | 119,715 |
Net income attributable to Texas Roadhouse, Inc. and subsidiaries |  | $ | 26,171 |  | $ | 19,963 |  | $ | 17,170 |  | $ | 17,119 |  | $ | 80,423 |
Basic earnings per common share |  | $ | 0.38 |  | $ | 0.29 |  | $ | 0.24 |  | $ | 0.24 |  | $ | 1.15 |
Diluted earnings per common share |  | $ | 0.37 |  | $ | 0.28 |  | $ | 0.24 |  | $ | 0.24 |  | $ | 1.13 |
Cash dividends declared per share |  | $ | 0.12 |  | $ | 0.12 |  | $ | 0.12 |  | $ | 0.12 |  | $ | 0.48 |
|  | 2012 |
--- | --- | --- | ---
|  | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter |  | Total |
Revenue |  | $ | 324,869 |  | $ | 320,275 |  | $ | 308,656 |  | $ | 309,531 |  | $ | 1,263,331 |
Total costs and expenses |  | $ | 295,467 |  | $ | 289,028 |  | $ | 280,922 |  | $ | 287,456 |  | $ | 1,152,873 |
Income from operations |  | $ | 29,402 |  | $ | 31,247 |  | $ | 27,734 |  | $ | 22,075 |  | $ | 110,458 |
Net income attributable to Texas Roadhouse, Inc. and subsidiaries |  | $ | 18,869 |  | $ | 20,310 |  | $ | 18,067 |  | $ | 13,924 |  | $ | 71,170 |
Basic earnings per common share |  | $ | 0.27 |  | $ | 0.29 |  | $ | 0.26 |  | $ | 0.20 |  | $ | 1.02 |
Diluted earnings per common share |  | $ | 0.27 |  | $ | 0.28 |  | $ | 0.25 |  | $ | 0.19 |  | $ | 1.00 |
Cash dividends declared per share |  | $ | 0.09 |  | $ | 0.09 |  | $ | 0.09 |  | $ | 0.19 |  | $ | 0.46 |
In the fourth quarter of 2013, we recorded a gain of $1.8 million ($1.2 million after-tax) associated with the sale of the Aspen Creek concept, including two restaurants. The fourth quarter of 2013 also includes an estimated impact of $0.03 to $0.04 per share for the 53rd week. See Note 2 for further discussion. In the first quarter of 2012, we recorded a charge of $5.0 million ($3.1 million after-tax) associated with a legal settlement. In the fourth quarter of 2012, we recorded closure costs of $1.1 million ($0.7 million after-tax) primarily for fixed assets that were written off due to the closure of a restaurant. In addition, in the fourth quarter of 2012, we recorded a charge of $0.5 million ($0.3 million after-tax) associated with the impairment of goodwill related to one restaurant which the carrying value was reduced to fair value. See note 15 for further discussion of impairment and closure costs.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=25249566&loc=d3e1280-108306 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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