XML 47 R28.htm IDEA: XBRL DOCUMENT v2.4.0.6
Selected Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data
Selected Quarterly Financial Data (Unaudited)
 
Revenues(a)
 
Operating
Margin
 
Net Income
(Loss) (b)
 
Net Income
(Loss)
Per Share—
Basic(c)
 
Net Income
(Loss)
Per Share—
Diluted(c)
 
(In thousands, except per share amounts)
2012
 
 
 
 
 
 
 
 
 
1st Quarter
$
245,582

 
$
108,575

 
$
31,344

 
$
1.69

 
$
1.64

2nd Quarter
229,391

 
98,254

 
16,938

 
0.89

 
0.88

3rd Quarter
216,318

 
96,377

 
60,573

 
3.26

 
3.14

4th Quarter
158,637

 
88,738

 
18,819

 
0.98

 
0.97

2011
 
 
 
 
 
 
 
 
 
1st Quarter
$
300,200

 
$
110,769

 
$
29,699

 
$
1.59

 
$
1.53

2nd Quarter(d)
268,338

 
100,285

 
348

 
(0.02
)
 
(0.02
)
3rd Quarter
264,481

 
100,553

 
16,525

 
0.86

 
0.85

4th Quarter
242,179

 
96,022

 
28,620

 
1.55

 
1.51

________________________________
(a)
Revenues have been impacted by the refranchising of 286 Applebee's company-operated restaurants over the past two years as follows: 17 in the first quarter of 2012, 98 in the third quarter of 2012, 39 in the fourth quarter of 2012, 65 in the first quarter of 2011, one in the third quarter of 2011 and 66 in the fourth quarter of 2011.
(b)
Net income (loss) was impacted by gains on disposition of assets (primarily the refranchising and sale of related restaurant assets of Applebee's company-operated restaurants) of $16.7 million in the first quarter of 2012, $73.6 million in the third quarter of 2012, $13.0 million in the fourth quarter of 2012, $23.8 million in the first quarter of 2011 and $22.0 million in the fourth quarter of 2011.
(c)
The quarterly amounts may not add to the full year amount as each quarterly calculation is discrete from the full-year calculation.
(d)
The net income and net loss per share were significantly impacted by approximately $21 million of charges related to the termination of the sublease for the Applebee's Restaurant Support Center in Lenexa, Kansas in the 2nd quarter of 2011.