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Quarterly Results (Unaudited) | 12 Months Ended
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Dec. 26, 2020
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Results (Unaudited) |
U. | Quarterly Results (Unaudited)
The Company’s fiscal quarters are consistently determined year to year and generally consist of 13 weeks, except in those fiscal years in which there are fifty-three weeks where the last fiscal quarters then consist of 14 weeks. In management’s opinion, the following unaudited information includes all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of the information for the quarters presented. The operating results for any quarter are not necessarily indicative of results for any future quarters.
|  | For Quarters Ended |
|  | December 26, 2020 |  |  | September 26, 2020 |  |  | June 27, 2020 |  |  | March 28, 2020 |  |  | December 28, 2019 (1) |  |  | September 28, 2019 (1) |  |  | June 29, 2019 (1) |  |  | March 30, 2019 |
|  | (13 weeks) |  |  | (13 weeks) |  |  | (13 weeks) |  |  | (13 weeks) |  |  | (13 weeks) |  |  | (13 weeks) |  |  | (13 weeks) |  |  | (13 weeks) |
|  | (In thousands, except per share data) |
Net revenue |  | $ | 460,937 |  |  | $ | 492,792 |  |  | $ | 452,138 |  |  | $ | 330,565 |  |  | $ | 301,300 |  |  | $ | 378,466 |  |  | $ | 318,407 |  |  | $ | 251,651 |
Gross profit |  |  | 216,270 |  |  |  | 240,585 |  |  |  | 209,624 |  |  |  | 147,973 |  |  |  | 142,789 |  |  |  | 187,835 |  |  |  | 159,002 |  |  |  | 124,540 |
Operating income |  |  | 42,125 |  |  |  | 101,781 |  |  |  | 78,769 |  |  |  | 21,532 |  |  |  | 17,702 |  |  |  | 59,836 |  |  |  | 37,932 |  |  |  | 29,443 |
Net income |  | $ | 32,817 |  |  | $ | 80,768 |  |  | $ | 60,141 |  |  | $ | 18,234 |  |  | $ | 13,762 |  |  | $ | 44,729 |  |  | $ | 27,856 |  |  | $ | 23,694 |
Net income per share – basic |  | $ | 2.68 |  |  | $ | 6.61 |  |  | $ | 4.93 |  |  | $ | 1.50 |  |  | $ | 1.13 |  |  | $ | 3.70 |  |  | $ | 2.39 |  |  | $ | 2.04 |
Net income per share – diluted |  | $ | 2.64 |  |  | $ | 6.51 |  |  | $ | 4.88 |  |  | $ | 1.49 |  |  | $ | 1.12 |  |  | $ | 3.65 |  |  | $ | 2.36 |  |  | $ | 2.02 |
(1) | During the second, third and fourth quarter of 2019, the Company recorded $1.9 million, $5.9 million and $2.1 million in non-reoccurring transaction fees related to the Dogfish Head Transaction, respectively.

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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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