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Quarterly Financial Data (unaudited) | 12 Months Ended
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Jan. 01, 2013
Quarterly Financial Data (unaudited) |
Quarterly Financial Data (unaudited) | 16. Quarterly Financial Data (unaudited) Summarized unaudited quarterly financial data for fiscal 2012 and 2011, is as follows (in thousands, except per share data):
Quarter Ended: |  | April 3, 2012 |  | July 3, 2012(2) |  | October 2, 2012 |  | January 1, 2013(3) |
Revenues |  | $ | 435,754 |  | $ | 454,749 |  | $ | 453,819 |  | $ | 464,695 |
Income from operations |  | $ | 30,219 |  | $ | 40,970 |  | $ | 39,324 |  | $ | 28,186 |
Net income |  | $ | 20,722 |  | $ | 11,733 |  | $ | 27,163 |  | $ | 22,139 |
Basic net income per share (1) |  | $ | 0.39 |  | $ | 0.53 |  | $ | 0.51 |  | $ | 0.42 |
Diluted net income per share (1) |  | $ | 0.37 |  | $ | 0.52 |  | $ | 0.49 |  | $ | 0.40 |
Cash dividends declared per common share |  | $ | ¾ |  | $ | ¾ |  | $ | 0.12 |  | $ | 0.12 |
Quarter Ended: |  | March 29, 2011 |  | June 28, 2011 |  | September 27, 2011 |  | January 3, 2012(4) |
Revenues |  | $ | 418,765 |  | $ | 430,746 |  | $ | 430,417 |  | $ | 477,696 |
Income from operations |  | $ | 29,851 |  | $ | 35,162 |  | $ | 30,254 |  | $ | 38,183 |
Net income |  | $ | 20,456 |  | $ | 24,748 |  | $ | 20,574 |  | $ | 29,942 |
Basic net income per share (1) |  | $ | 0.35 |  | $ | 0.44 |  | $ | 0.37 |  | $ | 0.55 |
Diluted net income per share (1) |  | $ | 0.34 |  | $ | 0.42 |  | $ | 0.36 |  | $ | 0.54 |
Cash dividends declared per common share |  | $ | ¾ |  | $ | ¾ |  | $ | ¾ |  | $ | ¾ |
(1) Net income per share calculations for each quarter are based on the weighted average diluted shares outstanding for that quarter and may not total to the full year amount. (2) Net income included $419 in proceeds from a variable life insurance contract used to support our ESP. (3) Net income included $3,281 in expense for the impairment of the carrying value of one The Cheesecake Factory restaurant. The pre-tax amount associated with this item was $5,469. Net income also included $2,440 in expense for partial reimbursement to landlords of tenant improvement allowances and broker fees on three Grand Lux Cafe locations where we are discontinuing operations as of the end of March 2013. The pre-tax amount associated with this item was $4,067. (See Note 1 for further discussion of impairment of assets and lease terminations.) (4) The quarter ended January 3, 2012 consisted of 14 weeks, while all other quarters presented consisted of 13 weeks. Net income included $928 in expense for the impairment of the carrying value of two The Cheesecake Factory restaurants and one Grand Lux Cafe. The pre-tax amount associated with this item was $1,547. (See Note 1 for further discussion of impairment of assets.) Net income also included $1,506 in income for a partial settlement with the IRS recorded in the fourth quarter of fiscal 2011 as described in Note 13. The pre-tax amount associated with this item was $719. While seasonal fluctuations do not generally have a material impact on our quarterly results, quarterly results can be significantly impacted by the number and timing of new restaurant openings and their associated preopening costs and operating inefficiencies. As a result of these factors, our financial results for any quarter are not necessarily indicative of the results that many be achieved for the full fiscal year.

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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 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=20225539&loc=d3e1280-108306 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 3: 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 4: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 30 -Subparagraph a-j -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: 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 6: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 23, 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 7: 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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