| Quarterly Financial Data |
The following tables set forth certain
unaudited consolidated financial information for each of the four
quarters in fiscal 2012 and fiscal 2011 (in thousands, except per
share data):
|
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|
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|
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| |
|
2012 |
|
| |
|
March 25 |
|
|
June 24 |
|
|
September 23 |
|
|
December 30 |
|
|
Revenue
|
|
$ |
37,476 |
|
|
$ |
43,545 |
|
|
$ |
44,939 |
|
|
$ |
46,680 |
|
|
Operating income (1)
|
|
$ |
1,826 |
|
|
$ |
4,354 |
|
|
$ |
3,416 |
|
|
$ |
3,700 |
|
|
Net income (2)
|
|
$ |
381 |
|
|
$ |
1,731 |
|
|
$ |
790 |
|
|
$ |
2,555 |
|
|
Basic earnings per share
|
|
$ |
0.01 |
|
|
$ |
0.16 |
|
|
$ |
0.05 |
|
|
$ |
0.05 |
|
|
Diluted earnings per share
|
|
$ |
0.01 |
|
|
$ |
0.15 |
|
|
$ |
0.05 |
|
|
$ |
0.05 |
|
|
|
| |
|
2011 |
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| |
|
March 27 |
|
|
June 26 |
|
|
September 25 |
|
|
December 25 |
|
|
Revenue
|
|
$ |
29,209 |
|
|
$ |
32,997 |
|
|
$ |
35,115 |
|
|
$ |
33,262 |
|
|
Operating income (3)
|
|
$ |
2,702 |
|
|
$ |
1,888 |
|
|
$ |
2,938 |
|
|
$ |
1,932 |
|
|
Net income
|
|
$ |
1,264 |
|
|
$ |
674 |
|
|
$ |
1,208 |
|
|
$ |
318 |
|
|
Basic earnings per share
|
|
$ |
0.09 |
|
|
$ |
0.05 |
|
|
$ |
0.08 |
|
|
$ |
0.02 |
|
|
Diluted earnings per share
|
|
$ |
0.09 |
|
|
$ |
0.04 |
|
|
$ |
0.08 |
|
|
$ |
— |
|
| (1) |
Contains a termination payment to the Sponsor to terminate its
advisory agreement, in the first quarter of 2012, which decreased
income from operations by $2,000; contains expenses related to the
secondary offering , in the fourth quarter of 2012, which decreased
income from operations by $228. |
| (2) |
Contains a write off of unamortized loan origination fees
related to the portion of long term debt that was repaid, in the
third quarter of 2012, which decreased net income by
$1,134. |
| (3) |
Contains a recording of a settlement with a former director and
the payment of a one-time cash bonus to certain members of
management, in the second quarter of 2011, which decreased income
from operations by $1,264. |
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