QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

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 25, 2019. 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)



	2019				2018
(Dollar amounts in thousands, except share data)	December	September	June	March	December				September	June		March
Selected Financial Data
Total revenue ($)	107,546	112,067	113,740	108,977	106,261				112,178	111,633		105,756
Income (loss) from operations ($)	5,336	10,118	20,580	2,292	(30,990	)	(4	)	9,492	7,589		4,448
Provision (benefit) for income taxes ($)	728	2,940	5,665	349	(8,410	)			2,388	865		1,949
Net income (loss) ($)	3,498	6,402	14,087	913	(23,410	)	(4	)	6,835	5,052		2,529
Per Share Data (2):
Net income (loss) per share:
Basic	0.10	0.18	0.37	0.02	-0.60				0.18	0.13		0.07
Diluted	0.10	0.18	0.37	0.02	-0.60				0.17	0.13		0.06
Weighted average shares used in computing net income per share:
Basic	34,503,722	35,859,502	37,939,912	38,633,702	38,751,522				38,602,658	38,482,074		38,465,208
Diluted	35,242,122	36,397,368	38,580,722	39,496,436	38,751,522		(3)		39,205,090	39,043,434		38,987,351
Selected Operating Data
Number of restaurants (at period end)
Company-operated	195	201	200	211	213				212	211		212
Franchised	287	284	284	273	271				271	269		268
System-wide	482	485	484	484	484				483	480		480
Average unit volume (AUV) (company-operated) (1)	1,931	1,978	1,934	1,838	1,785				1,891	1,890		1,791
Comparable restaurant sales growth (%)
Company-operated	4.3	1.6	0.4	1.5	3.7				2.0	(1.6	)	(2.0	)
Franchised	3.6	0.6	0.9	3.2	5.1				3.0	(0.3	)	(0.4	)
System-wide	3.9	1.1	0.7	2.4	4.4				2.6	(0.9	)	(1.1	)


(1)	AUVs consist of average annualized sales of all company-operated 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.


(3)	Due to a loss for the period, zero incremental shares are included because the effect would be antidilutive.


(4)	Loss from operations and net loss includes a $36.3 million legal settlement in the period.