Note 22 — Selected Quarterly Financial Data (Unaudited)

The tables below present selected quarterly financial data for fiscal 2016 and 2015.

	Quarter Ended
	May 3,			August 2,			November 1,			January 31,
	2015			2015			2015			2016
	(In thousands, except per share data)
Revenues	$	132,474		$	127,336		$	128,544		$	130,360
Operating expenses:
Direct operating expenses (exclusive of depreciation and
amortization expense shown below)		103,772			104,145			102,924			103,640
General and administrative expenses		7,554			6,718			6,796			6,578
Depreciation and amortization expense		3,993			4,074			4,056			4,076
Impairment charges and lease termination costs		4			304			(22	)		4,437
Pre-opening costs related to Company Stores		323			515			923			906
(Gains) and losses on commodity derivatives, net		(447	)		841			506			-
Operating income		17,275			10,739			13,361			10,723
Interest income		147			72			68			79
Interest expense		(377	)		(387	)		(437	)		(437	)
Other non-operating income and (expense), net		184			89			140			595
Income before income taxes		17,229			10,513			13,132			10,960
Provision for income taxes		6,563			4,595			5,564			2,714
Net income	$	10,666		$	5,918		$	7,568		$	8,246
Earnings per common share:
Basic	$	0.16		$	0.09		$	0.12		$	0.13
Diluted	$	0.16		$	0.09		$	0.11		$	0.13

The sum of the quarterly earnings per share amounts does not necessarily equal earnings per share for the year.

	Quarter Ended
	May 3,			August 2,			November 1,			January 31,
	2015			2015			2015			2016
	(In thousands)
Revenues by business segment:
Company Stores	$	90,717		$	84,117		$	87,354		$	87,307
Domestic Franchise		3,709			3,936			3,651			4,202
International Franchise		6,728			7,314			6,323			7,371
KK Supply Chain:
Total revenues		63,517			63,469			63,359			64,195
Less - intersegment sales elimination		(32,197	)		(31,500	)		(32,143	)		(32,715	)
External KK Supply Chain revenues		31,320			31,969			31,216			31,480
Total revenues	$	132,474		$	127,336		$	128,544		$	130,360

Operating income:
Company Stores	$	7,357		$	1,592		$	4,149		$	2,402
Domestic Franchise		2,094			2,440			1,962			3,228
International Franchise		4,904			5,487			4,534			5,429
KK Supply Chain		10,949			10,144			11,502			12,246
Total segment operating income		25,304			19,663			22,147			23,305
General and administrative expenses		(7,554	)		(6,718	)		(6,796	)		(6,578	)
Corporate depreciation and amortization expense		(595	)		(546	)		(583	)		(661	)
Impairment charges and lease termination costs		(4	)		(304			22			(4,437	)
Pre-opening costs related to Company Stores		(323	)		(515			(923	)		(906	)
Gains and (losses) on commodity derivatives, net		447			(841	)		(506	)		-
Consolidated operating income	$	17,275		$	10,739		$	13,361		$	10,723

	Quarter Ended
	May 4,			August 3,			November 2,			February 1,
	2014			2014			2014			2015
	(In thousands, except per share data)
Revenues	$	121,580		$	120,516		$	122,871		$	125,367
Operating expenses:
Direct operating expenses (exclusive of depreciation and
amortization expense shown below)		96,390			99,067			101,067			99,420
General and administrative expenses		7,047			6,737			5,553			9,221
Depreciation and amortization expense		3,173			3,033			3,280			3,354
Impairment charges and lease termination costs		8			38			4			905
Pre-opening costs related to Company Stores		226			245			702			1,357
(Gains) and losses on commodity derivatives, net		(1,444	)		1,341			681			1,546
(Gain) on refranchisings, net of business acquisition charges		-			431			(1,285	)		-
Operating income		16,180			9,624			12,869			9,564
Interest income		171			64			62			109
Interest expense		(143	)		(162	)		(230	)		(321	)
Equity in losses of equity method franchisees		(57	)		(61	)		(53	)		53
Other non-operating income and (expense), net		168			152			91			136
Income before income taxes		16,319			9,617			12,739			9,541
Provision for income taxes		6,663			3,865			4,633			2,995
Net income	$	9,656		$	5,752		$	8,106		$	6,546
Earnings per common share:
Basic	$	0.15		$	0.09		$	0.12		$	0.10
Diluted	$	0.14		$	0.08		$	0.12		$	0.10

The sum of the quarterly earnings per share amounts does not necessarily equal earnings per share for the year.

	Quarter Ended
	May 4,			August 3,			November 2,			February 1,
	2014			2014			2014			2015
	(In thousands)
Revenues by business segment:
Company Stores	$	80,448		$	78,535		$	82,579		$	83,744
Domestic Franchise		3,499			3,296			3,274			3,381
International Franchise		6,581			7,534			6,852			7,631
KK Supply Chain:
Total revenues		60,312			59,503			61,581			63,292
Less - intersegment sales elimination		(29,260	)		(28,352	)		(31,415	)		(32,681	)
External KK Supply Chain revenues		31,052			31,151			30,166			30,611
Total revenues	$	121,580		$	120,516		$	122,871		$	125,367

Operating income:
Company Stores	$	4,642		$	1,937		$	1,688		$	3,955
Domestic Franchise		2,156			1,900			1,951			2,058
International Franchise		4,280			5,111			5,048			5,587
KK Supply Chain		11,310			9,830			10,210			11,376
Total segment operating income		22,388			18,778			18,897			22,976
General and administrative expenses		(7,047	)		(6,737	)		(5,553	)		(9,221	)
Corporate depreciation and amortization expense		(371	)		(362	)		(373	)		(383	)
Impairment charges and lease termination costs		(8	)		(38	)		(4	)		(905	)
Pre-opening costs related to Company Stores		(226	)		(245	)		(702	)		(1,357	)
Gains and (losses) on commodity derivatives, net		1,444			(1,341	)		(681	)		(1,546	)
Gain on refranchisings, net of business acquisition charges		-			(431	)		1,285			-
Consolidated operating income	$	16,180		$	9,624		$	12,869		$	9,564