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Quarterly Financial Information
 12 Months Ended
Dec. 27, 2016
Quarterly Financial Information [Abstract]  
Quarterly Financial Information

(15) Quarterly Financial Information (Unaudited)

The following tables set forth certain unaudited consolidated financial information for each of the four quarters in fiscal 2016 and fiscal 2015.







 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 



Fiscal Year Ended December 27, 2016



First

 

Second

 

Third

 

Fourth

 

 



Quarter

 

Quarter

 

Quarter

 

Quarter

 

Total Year



(in thousands, except per share data)

Revenues

$

 81,194 

 

$

 79,916 

 

$

 71,407 

 

$

 119,164 

 

$

 351,681 

Operating income

$

 7,879 

 

$

 6,325 

 

$

 1,118 

 

$

 9,754 

 

$

 25,076 

Net income

$

 5,411 

 

$

 4,444 

 

$

 786 

 

$

 7,125 

 

$

 17,766 

Basic income per common share

$

 0.23 

 

$

 0.19 

 

$

 0.03 

 

$

 0.31 

 

$

 0.76 

Basic weighted average shares outstanding

 

 23,315 

 

 

 23,350 

 

 

 23,354 

 

 

 23,282 

 

 

 23,322 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted income per common share

$

 0.23 

 

$

 0.19 

 

$

 0.03 

 

$

 0.30 

 

$

 0.76 

Diluted weighted average shares outstanding

 

 23,398 

 

 

 23,437 

 

 

 23,431 

 

 

 23,415 

 

 

 23,435 



 

 

 

 

 

 

 

 

 

 

 

 

 

 



Fiscal Year Ended December 29, 2015



First

 

Second

 

Third

 

Fourth

 

 



Quarter

 

Quarter

 

Quarter

 

Quarter

 

Total Year



(in thousands, except per share data)

Revenues

$

 75,102 

 

$

 73,776 

 

$

 68,629 

 

$

 114,105 

 

$

 331,612 

Operating income (loss)

$

 7,800 

 

$

 5,494 

 

$

 (2,080)

 

$

 10,604 

 

$

 21,818 

Net income (loss)

$

 5,394 

 

$

 3,713 

 

$

 (1,035)

 

$

 7,926 

 

$

 15,998 

Basic income (loss) per common share

$

 0.23 

 

$

 0.16 

 

$

 (0.04)

 

$

 0.34 

 

$

 0.68 

Basic weighted average shares outstanding

 

 23,443 

 

 

 23,446 

 

 

 23,361 

 

 

 23,298 

 

 

 23,380 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted income (loss) per common share

$

 0.23 

 

$

 0.16 

 

$

 (0.04)

 

$

 0.34 

 

$

 0.68 

Diluted weighted average shares outstanding

 

 23,596 

 

 

 23,672 

 

 

 23,361 

 

 

 23,308 

 

 

 23,517 



During the fourth fiscal quarter of 2016,  we incurred $0.6 in million impairment charges related to two Sullivan’s locations, $0.9 million in lease termination costs associated with one Sullivan’s location and $0.8 million in reorganization severance costs. In the third fiscal quarter of 2016, we incurred $0.4 million in expenses to settle an easement claim related to the sale of the previous Dallas, Texas Del Frisco’s location.



During the third fiscal quarter of 2015,  we incurred a  $3.2 million impairment charge related to one Grille location. During the fourth fiscal quarter of 2015,  we incurred a $1.4 million charge related to the lease termination and closing costs associated with the closure of two Grille locations.



In management’s opinion, the unaudited quarterly information shown above has been prepared on the same basis as the audited consolidated financial statements and includes all necessary adjustments that management considers necessary for a fair presentation of the unaudited quarterly results when read in conjunction with the consolidated financial statements and the accompanying notes. We believe that quarter-to-quarter comparisons of our financial results are not necessarily indicative of future performance.