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Quarterly Results of Operations (Tables)
12 Months Ended
Dec. 28, 2016
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information

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 28, 2016. 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) 

 

 

 

2016

 

 

2015

 

 

(Dollar amounts in thousands, except

share data)

 

Dec.

 

 

Sept.

 

 

June

 

 

Mar

 

 

Dec.

 

 

Sept.

 

 

July

 

 

Apr

 

 

Selected Financial Data

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue ($)

 

 

92,479

 

 

 

95,816

 

 

 

97,474

 

 

 

94,354

 

 

 

86,307

 

 

 

88,870

 

 

 

89,454

 

 

 

90,426

 

 

Income from Operations ($)

 

 

1,926

 

 

 

9,008

 

 

 

13,401

 

 

 

10,294

 

 

 

9,748

 

 

 

12,527

 

 

 

13,582

 

 

 

12,967

 

 

Provision for income taxes

 

 

853

 

 

 

2,830

 

 

 

5,339

 

 

 

3,761

 

 

 

4,576

 

 

 

6,505

 

 

 

5,062

 

 

 

4,714

 

 

Net income ($)

 

 

418

 

 

 

5,211

 

 

 

7,267

 

 

 

5,443

 

 

 

5,367

 

 

 

4,666

 

 

 

7,230

 

 

 

6,791

 

 

Per Share Data (2) :

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

0.01

 

 

 

0.14

 

 

 

0.19

 

 

 

0.14

 

 

 

0.14

 

 

 

0.12

 

 

 

0.19

 

 

 

0.18

 

 

Diluted

 

 

0.01

 

 

 

0.13

 

 

 

0.19

 

 

 

0.14

 

 

 

0.14

 

 

 

0.12

 

 

 

0.18

 

 

 

0.17

 

 

Weighted average shares used in

   computing net income per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

38,437,020

 

 

 

38,415,189

 

 

 

38,294,575

 

 

 

38,284,435

 

 

 

38,284,435

 

 

 

38,275,317

 

 

 

37,812,767

 

 

 

37,424,745

 

 

Diluted

 

 

39,108,967

 

 

 

39,083,577

 

 

 

38,962,802

 

 

 

39,001,078

 

 

 

38,965,248

 

 

 

39,107,241

 

 

 

39,085,206

 

 

 

38,921,884

 

 

Selected Operating Data

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of restaurants (at period end)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Company-operated

 

 

201

 

 

 

193

 

 

 

188

 

 

 

188

 

 

 

186

 

 

 

175

 

 

 

174

 

 

 

173

 

 

Franchised

 

 

259

 

 

 

253

 

 

 

251

 

 

 

248

 

 

 

247

 

 

 

245

 

 

 

244

 

 

 

243

 

 

System-wide

 

 

460

 

 

 

446

 

 

 

439

 

 

 

436

 

 

 

433

 

 

 

420

 

 

 

418

 

 

 

416

 

 

Average unit volume (AUV)

   (company-operated) (1)

 

 

1,790

 

 

 

1,929

 

 

 

1,970

 

 

 

1,936

 

 

 

1,826

 

 

 

1,928

 

 

 

1,952

 

 

 

1,963

 

 

Comparable restaurant sales growth (%)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Company-operated

 

 

(0.6

)

 

 

1.4

 

 

 

2.0

 

 

 

(0.6

)

 

1.0

 

 

 

0.0

 

 

 

(0.5

)

 

 

3.5

 

 

Franchised

 

 

(1.9

)

 

 

1.8

 

 

 

2.7

 

 

 

1.8

 

 

2.4

 

 

 

1.1

 

 

 

2.6

 

 

 

6.2

 

 

System-wide

 

 

(1.3

)

 

 

1.6

 

 

 

2.4

 

 

 

0.7

 

 

1.8

 

 

 

0.6

 

 

 

1.3

 

 

 

5.1

 

 

Restaurant contribution margin (%)

 

 

18.5

 

 

 

20.9

 

 

 

22.0

 

 

 

20.7

 

 

 

21.5

 

 

 

21.2

 

 

 

21.6

 

 

 

23.3

 

 

 

(1)

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

(2)

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.