XML 48 R29.htm IDEA: XBRL DOCUMENT v2.4.0.6
Quarterly Data (Unaudited)
 12 Months Ended
Dec. 26, 2012
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Data (Unaudited)
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 2012 and 2011 are set forth below:
 
 
Fiscal Year Ended December 26, 2012
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
(In thousands, except per share data)
Company restaurant sales
$
94,163

 
$
91,239

 
$
86,575

 
$
81,733

Franchise and licensing revenue
32,575

 
33,492

 
34,370

 
34,216

Total operating revenue 
126,738

 
124,731

 
120,945

 
115,949

Total operating costs and expenses 
112,825

 
105,732

 
109,255

 
104,162

Operating income 
$
13,913

 
$
18,999

 
$
11,690

 
$
11,787

Net income
$
5,865

 
$
4,601

 
$
5,363

 
$
6,480

Basic net income per share (a) 
$
0.06

 
$
0.05

 
$
0.06

 
$
0.07

Diluted net income per share (a)
$
0.06

 
$
0.05

 
$
0.06

 
$
0.07


(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 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.

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 2012 and 2011 quarters relate primarily to the timing of the sale of company restaurants to franchisees.