Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income

v2.4.0.6
Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 30, 2012
Dec. 25, 2011
Dec. 26, 2010
Revenue $ 172,640 $ 130,583 $ 94,908
Costs and expenses      
Cost of sales 46,475 36,139 25,626
Labor 55,223 41,545 30,394
Operating 24,498 19,297 14,292
Occupancy 10,332 7,622 5,654
General and administrative 9,358 7,478 5,293
Advisory agreement termination fee 2,000    
Secondary offering costs 228    
Settlement with former director   245  
Marketing 1,319 964 655
Restaurant pre-opening 3,383 3,385 1,959
Depreciation and amortization 6,528 4,448 2,732
Total costs and expenses 159,344 121,123 86,605
Income from operations 13,296 9,460 8,303
Loss on extinguishment of debt 1,673 78  
Interest expense, net 3,923 4,284 3,584
Income before income taxes 7,700 5,098 4,719
Income tax expense 2,243 1,634 1,428
Net Income 5,457 3,464 3,291
Undistributed earnings allocated to participating interests 2,171 3,423 5,617
Net income (loss) available to common and participating stockholders $ 3,286 $ 41 $ (2,326)
Net income (loss) per common share:      
Basic $ 0.48 $ 0.21 $ (17.18)
Diluted $ 0.37 $ 0.20 $ (17.18)
Weighted-average shares outstanding:      
Basic 6,809,576 191,166 135,392
Diluted 12,893,290 10,852,651 135,392