| Quarterly Financial Data (Unaudited) |
QUARTERLY FINANCIAL DATA (UNAUDITED)
The following tables set forth certain unaudited consolidated financial information for each of the four quarters in fiscal 2013 and fiscal 2012 (in thousands, except per share data):
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2013 |
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March 31 |
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June 30 |
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September 29 |
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December 29 |
Revenue |
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$ |
46,698 |
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$ |
53,427 |
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$ |
53,476 |
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$ |
50,760 |
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Income from operations (1)
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3,225 |
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4,805 |
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4,048 |
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3,296 |
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Net income (2)
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2,641 |
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3,160 |
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2,816 |
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2,452 |
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Basic net income per share |
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$ |
0.16 |
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$ |
0.19 |
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$ |
0.17 |
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$ |
0.15 |
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Diluted net income per share |
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$ |
0.16 |
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$ |
0.19 |
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$ |
0.17 |
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$ |
0.15 |
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2012 |
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March 25 |
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June 24 |
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September 23 |
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December 30 |
Revenue |
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$ |
37,476 |
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$ |
43,545 |
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$ |
44,939 |
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$ |
46,680 |
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Income from operations (3)
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1,826 |
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4,354 |
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3,416 |
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3,700 |
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Net income (4)
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381 |
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1,731 |
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790 |
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2,555 |
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Basic net income per share |
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$ |
0.01 |
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$ |
0.16 |
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$ |
0.05 |
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$ |
0.16 |
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Diluted net income per share |
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$ |
0.01 |
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$ |
0.15 |
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$ |
0.05 |
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$ |
0.15 |
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(1) |
Contains expenses related to the January 2013 and April 2013 secondary offerings, which decreased income from operations by $417,000 in the first quarter of 2013 and $508,000 in the second quarter of 2013, respectively.
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(2) |
Contains a $556,000 pre-tax favorable income tax benefit, in the first quarter, related to incremental employment tax credits for the current year as well as the previous open tax years.
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(3) |
Contains a termination payment to Goode Chuy’s Holdings, LLC, an affiliate of Goode Partners LLC to terminate its advisory agreement, in the first quarter of 2012, which decreased income from operations by $2.0 million; contains expenses related to the secondary offering, in the fourth quarter of 2012, which decreased income from operations by $228,000.
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(4) |
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 $1.1 million (net of tax).
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