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Selected Quarterly Financial Data (unaudited)

12 Months Ended

Jan. 01, 2012

Selected Quarterly Financial Data (unaudited) [Abstract]

Selected Quarterly Financial Data (unaudited)

(15)

Selected Quarterly Financial Data (unaudited)


		Fiscal 2011

		First Quarter		Second Quarter⁽¹⁾		Third Quarter		Fourth Quarter⁽¹⁾
		(In thousands, except per share data)

Net sales	$	221,143	$	219,588	$	234,680	$	226,723

Gross profit	$	72,183	$	71,742	$	76,989	$	70,689

Net income (loss)	$	2,760	$	3,105	$	5,817	$	(9)

Basic earnings per share	$	0.13	$	0.14	$	0.27	$	—

Diluted earnings per share	$	0.13	$	0.14	$	0.27	$	—


		Fiscal 2010

		First Quarter		Second Quarter		Third Quarter		Fourth Quarter⁽²⁾
		(In thousands, except per share data)

Net sales	$	218,521	$	219,828	$	231,753	$	226,711

Gross profit	$	71,550	$	72,966	$	77,416	$	75,780

Net income	$	5,033	$	4,752	$	6,823	$	3,954

Basic earnings per share	$	0.23	$	0.22	$	0.32	$	0.18

Diluted earnings per share	$	0.23	$	0.22	$	0.31	$	0.18

⁽¹⁾

The Company recorded pre-tax non-cash impairment charges in the second quarter and fourth quarter of fiscal 2011 of $0.6 million and $1.5 million, respectively, related to certain underperforming stores. These impairment charges were included in selling and administrative expense, and reduced net income in the second quarter of fiscal 2011 by $0.4 million, or $0.02 per diluted share, and the fourth quarter of fiscal 2011 by $1.1 million, or $0.05 per diluted share.

⁽²⁾

In the fourth quarter of fiscal 2010, the Company recorded a net pre-tax charge of $2.3 million, reflecting a legal settlement accrual, of which $0.8 million was classified as a reduction to net sales and $1.5 million was classified as selling and administrative expense. This charge reduced net income in fiscal 2010 by $1.5 million, or $0.07 per diluted share.

- 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.

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