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Quarterly Data (Unaudited)
 12 Months Ended
Dec. 28, 2011
Quarterly Data (Unaudited) [Abstract]  
Quarterly Data (Unaudited)
Note 21.     Quarterly Data (Unaudited)
 
The results for each quarter include all adjustments which, in our opinion, are necessary for a fair presentation of the results for interim periods. All adjustments are of a normal and recurring nature.
 
Selected consolidated financial data for each quarter of fiscal 2011 and 2010 are set forth below:
 
   
Fiscal Year Ended December 28, 2011
 
   
First Quarter
   
Second Quarter
   
Third Quarter
   
Fourth Quarter
 
   
(In thousands, except per share data)
 
Company restaurant sales
 
$
104,555
   
$
104,021
   
$
104,659
   
$
98,360
 
Franchise and licensing revenue
   
31,250
     
31,832
     
32,023
     
31,834
 
Total operating revenue 
   
135,805
     
135,853
     
136,682
     
130,194
 
Total operating costs and expenses 
   
124,311
     
122,146
     
122,715
     
118,388
 
Operating income 
 
$
11,494
   
$
13,707
   
$
13,967
   
$
11,806
 
                                 
Net income
 
$
4,124
   
$
8,130
   
$
7,985
   
$
92,048
 
                                 
Basic net income per share (a) 
 
$
0.04
   
$
0.08
   
$
0.08
   
$
0.96
 
Diluted net income per share (a)
 
$
0.04
   
$
0.08
   
$
0.08
   
$
0.94
 

(a)
Per share amounts do not necessarily sum to the total year amounts due to changes in shares outstanding and rounding.
 
   
Fiscal Year Ended December 29, 2010
 
   
First Quarter
   
Second Quarter
   
Third Quarter
   
Fourth Quarter
 
   
(In thousands, except per share data)
 
Company restaurant sales
 
$
107,783
   
$
105,301
   
$
107,171
   
$
103,681
 
Franchise and licensing revenue
   
29,789
     
29,776
     
32,761
     
32,204
 
Total operating revenue 
   
137,572
     
135,077
     
139,932
     
135,885
 
Total operating costs and expenses 
   
126,369
     
122,173
     
122,997
     
121,759
 
Operating income 
 
$
11,203
   
$
12,904
   
$
16,935
   
$
14,126
 
                                 
Net income
 
$
4,588
   
$
5,458
   
$
9,934
   
$
2,733
 
                                 
Basic net income per share (a) 
 
$
0.05
   
$
0.05
   
$
0.10
   
$
0.03
 
Diluted net income per share (a)
 
$
0.05
   
$
0.05
   
$
0.10
   
$
0.03
 

(a)
Per share amounts do not necessarily sum to the total year amounts due to changes in shares outstanding and rounding.
 
The fluctuation in net income during the fourth quarter of 2011 resulted from the release of the majority of the valuation allowance on our deferred tax assets. The other fluctuations in net income during the fiscal 2011 and 2010 quarters relate primarily to the timing of the sale of company-owned restaurants to franchisees.