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Quarterly Financial Data (unaudited) | 12 Months Ended
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Dec. 29, 2020
Quarterly Financial Data (unaudited) |
Quarterly Financial Data (unaudited) | 22. Quarterly Financial Data (unaudited) Summarized unaudited quarterly financial data for fiscal 2020 and 2019 is as follows (in thousands, except per share data): ​
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Quarter Ended: |  | March 31, 2020 (1) |  | June 30, 2020 (1) |  | September 29, 2020 (1) |  | December 29, 2020 (1)
Revenues | ​ | $ | 615,106 | ​ | $ | 295,851 | ​ | $ | 517,716 | ​ | $ | 554,552
Loss from operations (2)(3) | ​ | $ | (190,058) | ​ | $ | (83,710) | ​ | $ | (34,858) | ​ | $ | (38,811)
Net loss (2)(3) | ​ | $ | (136,163) | ​ | $ | (56,539) | ​ | $ | (28,346) | ​ | $ | (32,317)
Net loss available to common stockholders (2)(3) | ​ | $ | (136,163) | ​ | $ | (70,490) | ​ | $ | (33,184) | ​ | $ | (37,270)
Basic net loss per share (4) | ​ | $ | (3.11) | ​ | $ | (1.61) | ​ | $ | (0.76) | ​ | $ | (0.85)
Diluted net loss per share (4) | ​ | $ | (3.11) | ​ | $ | (1.61) | ​ | $ | (0.76) | ​ | $ | (0.85)
Cash dividends declared per common share | ​ | $ | 0.36 | ​ | $ | — | ​ | $ | — | ​ | $ | —
​
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Quarter Ended: |  | April 2, 2019 |  | July 2, 2019 |  | October 1, 2019 |  | December 31, 2019(1)
Revenues | ​ | $ | 599,481 | ​ | $ | 602,645 | ​ | $ | 586,536 | ​ | $ | 694,030
Income from operations (2)(3) | ​ | $ | 30,148 | ​ | $ | 40,099 | ​ | $ | 26,964 | ​ | $ | 6,387
Net income (2)(3) | ​ | $ | 26,984 | ​ | $ | 35,510 | ​ | $ | 16,090 | ​ | $ | 48,709
Basic net income per share (4) | ​ | $ | 0.61 | ​ | $ | 0.80 | ​ | $ | 0.37 | ​ | $ | 1.11
Diluted net income per share (4) | ​ | $ | 0.60 | ​ | $ | 0.79 | ​ | $ | 0.36 | ​ | $ | 1.10
Cash dividends declared per common share | ​ | $ | 0.33 | ​ | $ | 0.33 | ​ | $ | 0.36 | ​ | $ | 0.36
| (1) | We completed the acquisition of North Italia and the remaining business of FRC on October 2, 2019. The results of the acquired businesses are included in our consolidated financial statements as of the acquisition date. (See Note 2 for further discussion of the Acquisition.)
| (2) | In the first, second, third and fourth quarters of fiscal 2020, loss from operations included acquisition-related (benefit)/expenses of ($3.2) million, $0.1 million, $1.4 million and $0.5 million, with a corresponding impact to net loss of ($2.4) million, $0.1 million, $1.1 million and $0.4 million, respectively. Income from operations for the third and fourth quarters of fiscal 2019 included $3.2 million and $3.1 million of acquisition-related expenses, respectively, with a corresponding impact to net income of $2.4 million and $2.3 million, respectively. These amounts were recorded in acquisition-related costs and acquisition-related contingent consideration, compensation and amortization (benefit)/expenses in the consolidated statements of income. (See Note 2 for further discussion of the Acquisition.)
| (3) | In the first, second, third and fourth quarters of fiscal 2020, loss from operations included impairment of assets and lease termination expenses of $191.9 million, $2.4 million, $10.4 million and $14.6 million, with a corresponding impact to net loss of $142.0 million, $1.8 million, $7.7 million and $10.8 million, respectively. In the fourth quarter of fiscal 2019, income from operations included impairment of assets and lease termination expenses of $18.2 million, with a corresponding impact to net income of $13.5 million. (See Note 1 for further discussion of these charges.)
| (4) | Net (loss)/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.
While seasonal fluctuations generally do not have a material impact on our quarterly results, year-over-year comparisons can be significantly impacted by the number and timing of new restaurant openings and associated preopening costs, the timing of holidays, the impact from inclement weather, other variations in revenues and expenses, and for the fiscal 2020 versus fiscal 2019 comparisons, by the impact of the COVID-19 pandemic and results of the Acquisition. Because of these and other factors, our financial results for any quarter are not necessarily indicative of the results that may be achieved for the full fiscal year.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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