The following table sets forth a summary of our unaudited quarterly operating results for each of the last eight quarters in the period ended December 30, 2015. We have derived this data from our unaudited consolidated interim financial statements that, in our opinion, have been prepared on substantially the same basis as the audited financial statements contained elsewhere in this report and include all normal recurring adjustments necessary for a fair presentation of the financial information for the periods presented. These unaudited quarterly results should be read in conjunction with our financial statements and notes thereto included elsewhere in this report. The operating results in any quarter are not necessarily indicative of the results that may be expected for any future period.

QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

	2015									2014
(Dollar amounts in thousands, except share data)	Dec.		Sept.		July			Apr.		Dec.				Sept.				June			Mar.
Selected Financial Data
Total revenue ($)		86,307		88,870		89,454			90,426		89,973				86,557				86,904			81,427
Income from Operations ($)		9,748		12,527		13,582			12,967		11,311				13,621				12,842			11,510
Provision (benefit) for income taxes		4,576		6,505		5,062			4,714		(2,606	)			(61,389	)	⁽³⁾		570			417
Net income (loss) ($)		5,367		4,666		7,230			6,791		4,575		⁽²⁾⁽⁴⁾		25,849		⁽²⁾⁽³⁾		6,569	⁽²⁾		5,470	⁽²⁾
Per Share Data ⁽⁵⁾ :
Net income (loss) per share
Basic		0.14		0.12		0.19			0.18		0.12				0.76				0.23			0.19
Diluted		0.14		0.12		0.18			0.17		0.12				0.70				0.21			0.18
Weighted average shares used in computing net income (loss) per share
Basic		38,284,435		38,275,317		37,812,767			37,424,745		37,149,379				34,221,829				28,715,485			28,712,622
Diluted		38,965,248		39,107,241		39,085,206			38,921,884		39,691,650				36,821,095				30,372,281			30,157,316
Selected Operating Data
Number of restaurants (at period end)
Company-operated		186		175		174			173		172				166				168			168
Franchised		247		245		244			243		243				239				233			233
System-wide		433		420		418			416		415				405				401			401
Average unit volume (AUV) (company-operated) ⁽¹⁾		1,826		1,928		1,952			1,963		1,839				1,893				1,927			1,813
Comparable restaurant sales growth (%)
Company-operated	1.0			0.0		(0.5	)		3.5		6.4				6.4				5.0			5.4
Franchised	2.4			1.1		2.6			6.2		8.6				9.1				5.9			8.3
System-wide	1.8			0.6		1.3			5.1		7.6				7.9				5.4			7.2
Restaurant contribution margin (%)		21.5		21.2		21.6			23.3		22.3				20.7				22.6			22.1

(1)	AUVs consist of average annualized sales of all company-owned restaurants over the fiscal quarter.

(2)	Repayment of the 2013 Second Lien Term Loan with a portion of the proceeds of our IPO resulted in lower interest rates on our indebtedness, which has contributed to lower interest expense and higher net income in subsequent periods.

(3)	In the thirteen weeks ended September 24, 2014, we released our valuation allowance of approximately $65 million, and incurred a TRA charge of approximately $41 million.

(4)

In the fourteen weeks ended December 31, 2014, we refinanced the 2013 First Lien Credit Agreement with the 2014 Revolver, which resulted in lower interest rates on our indebtedness, contributing to lower interest expense and higher net income. In connection with the 2014 Refinancing, the 2013 First Lien Term Loan was repaid in full, resulting in a one-time charge to our consolidated statement of operations of $4.6 million, reflecting expenses related to the write-off of deferred financing costs and unamortized discounts.

(5)	Due to the use of weighted average shares outstanding for each quarter of computing earnings per share, the sum of the quarterly per share amounts may not equal the per share amount for the year.