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Selected Quarterly Financial Data (unaudited)
 12 Months Ended
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.