Quarterly Financial Data

12 Months Ended

Dec. 25, 2011

Quarterly Financial Data [Abstract]

Quarterly Financial Data

(17) Quarterly Financial Data (Unaudited)

Summarized unaudited quarterly financial data (amounts in thousands, except per share information):

	Quarter Ended
	March 28, 2010			June 27, 2010			September 26, 2010			December 26, 2010			Total
Total revenues	$	93,614		$	87,745		$	78,612		$	93,004		$	352,975
Cost and expenses		(83,781	)		(79,417	)		(76,955	)		(87,018	)		(327,172	)
Operating income		9,833			8,328			1,657			5,986			25,803
Interest expense, net		(1,330	)		(988	)		(1,000	)		(927	)		(4,244	)
Other		(100	)		(43	)		2			161			20
Income from continuing operations before income tax expense		8,403			7,297			659			5,220			21,579
Income tax expense		1,427			2,135			260			948			4,769
Income from continuing operations		6,976			5,162			399			4,272			16,810
Discontinued operations, net of income tax		217			829			165			(358	)		853
Net income		6,759			4,333			234			4,630			15,957
Preferred stock dividends		308			623			623			623			2,178
Accretion of preferred stock redemption value		46			88			88			88			309
Net income (loss) available to preferred and common shareholders	$	6,405		$	3,622		$	(477	)	$	3,919		$	13,470
Basic earnings (loss) per share:
Continuing operations	$	0.21		$	0.11		$	(0.01	)	$	0.08		$	0.36
Discontinued operations		(0.01	)		(0.02	)		—			0.01			(0.02	)
Basic earnings (loss) per share	$	0.20		$	0.09		$	(0.01	)	$	0.09		$	0.34
Diluted earnings (loss) per share:
Continuing operations	$	0.21		$	0.11		$	(0.01	)	$	0.08		$	0.36
Discontinued operations		(0.01	)		(0.02	)		—			0.01			(0.02	)
Diluted earnings (loss) per share	$	0.20		$	0.09		$	(0.01	)	$	0.09		$	0.34

	Quarter Ended
	March 27, 2011			June 26, 2011			September 25, 2011			December 25, 2011			Total
Total revenues	$	97,720		$	92,026		$	80,186		$	99,641		$	369,573
Cost and expenses		(87,239	)		(83,745	)		(78,527	)		(95,996	)		(345,507	)
Operating income		10,481			8,280			1,660			3,645			24,066
Interest expense, net		(831	)		(739	)		(719	)		(605	)		(2,892	)
Other		(201	)		(219	)		(58	)		(7	)		(486	)
Income from continuing operations before income tax expense		9,449			7,322			883			3,033			20,688
Income tax expense		2,845			(1,814	)		114			451			1,597
Income from continuing operations		6,604			9,136			769			2,582			19,091
Discontinued operations, net of income tax		(327	)		(70	)		(28	)		(33	)		(458	)
Net income		6,931			9,206			797			2,615			19,549
Preferred stock dividends		623			623			623			623			2,493
Accretion of preferred stock redemption value		88			88			89			88			353
Net income available to preferred and common shareholders	$	6,220		$	8,495		$	85		$	1,904		$	16,703
Basic earnings per share:
Continuing operations	$	0.14		$	0.20		$	—		$	0.04		$	0.38
Discontinued operations		0.01			—			—			—			0.01
Basic earnings per share	$	0.15		$	0.20		$	—		$	0.04		$	0.39
Diluted earnings per share:
Continuing operations	$	0.14		$	0.20		$	—		$	0.04		$	0.38
Discontinued operations		—			—			—			—			0.01
Diluted earnings per share	$	0.14		$	0.20		$	—		$	0.04		$	0.39

During second quarter of fiscal year 2011, a $4.0 million benefit pertaining to a decrease in the deferred tax valuation allowance was recorded. During the fourth quarter of fiscal year 2011, the Company recorded a non-cash loss on impairment of $3.0 million to reduce the financial statement carrying value of the Mitchell's Fish Market trademark to the estimated fair value as of December 25, 2011.

During the fourth quarter of fiscal year 2010, the Company recorded a loss on the impairment of long-lived assets of $0.8 million, related to two Company-owned Ruth's Chris Steak House restaurants.