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Selected Quarterly Financial Data (unaudited)
 12 Months Ended
Dec. 30, 2014
Selected Quarterly Financial Data (unaudited)  
Selected Quarterly Financial Data (unaudited)

 

(18) Selected Quarterly Financial Data (unaudited)

                                                                                                                                                                                           

 

 

2014

 

 

 

First
Quarter

 

Second
Quarter

 

Third
Quarter

 

Fourth
Quarter

 

Total

 

Revenue

 

$
397,142 

 

$
395,363 

 

$
385,218 

 

$
404,425 

 

$
1,582,148 

 

Total costs and expenses

 

$
356,958 

 

$
360,962 

 

$
356,397 

 

$
377,382 

 

$
1,451,699 

 

Income from operations

 

$
40,184 

 

$
34,401 

 

$
28,821 

 

$
27,043 

 

$
130,449 

 

Net income attributable to Texas Roadhouse, Inc. and subsidiaries

 

$
26,465 

 

$
23,081 

 

$
18,881 

 

$
18,595 

 

$
87,022 

 

Basic earnings per common share

 

$
0.38 

 

$
0.33 

 

$
0.27 

 

$
0.27 

 

$
1.25 

 

Diluted earnings per common share

 

$
0.37 

 

$
0.33 

 

$
0.27 

 

$
0.26 

 

$
1.23 

 

Cash dividends declared per share

 

$
0.15 

 

$
0.15 

 

$
0.15 

 

$
0.15 

 

$
0.60 

 

 

                                                                                                                                                                                    

 

 

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 

 

        In the fourth quarter of 2014, we recorded $0.6 million ($0.4 million after-tax) associated with the impairment of goodwill related to one restaurant in which the carrying value was reduced to fair value. See note 15 for further discussion of impairment and closure costs.

        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.