| Quarterly Financial Data |
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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