Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Data (Unaudited)

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Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 29, 2013
Quarterly Financial Information Disclosure [Abstract]  
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):
 
 
2013
 
 
March 31
 
June 30
 
September 29
 
December 29
Revenue
 
$
46,698

 
$
53,427

 
$
53,476

 
$
50,760

Income from operations (1)
 
3,225

 
4,805

 
4,048

 
3,296

Net income (2)
 
2,641

 
3,160

 
2,816

 
2,452

Basic net income per share
 
$
0.16

 
$
0.19

 
$
0.17

 
$
0.15

Diluted net income per share
 
$
0.16

 
$
0.19

 
$
0.17

 
$
0.15

 
 
2012
 
 
March 25
 
June 24
 
September 23
 
December 30
Revenue
 
$
37,476

 
$
43,545

 
$
44,939

 
$
46,680

Income from operations (3)
 
1,826

 
4,354

 
3,416

 
3,700

Net income (4)
 
381

 
1,731

 
790

 
2,555

Basic net income per share
 
$
0.01

 
$
0.16

 
$
0.05

 
$
0.16

Diluted net income per share
 
$
0.01

 
$
0.15

 
$
0.05

 
$
0.15

 
(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.
(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.
(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.
(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).