Supplemental Quarterly Financial Data (Unaudited)

12 Months Ended

Jun. 04, 2013

Supplemental Quarterly Financial Data (Unaudited) [Abstract]

Supplemental Quarterly Financial Data (Unaudited)

17. Supplemental Quarterly Financial Data (Unaudited)

 

Quarterly financial results for the years ended June 4, 2013 and June 5, 2012, are summarized below.

(In thousands, except per-share data)

	For the Year Ended June 4, 2013
	First Quarter			Second Quarter			Third Quarter			Fourth Quarter			Total
Revenues	$	327,923		$	300,077		$	307,383		$	316,104		$	1,251,487
Gross profit*	$	67,014		$	50,851		$	56,278		$	57,139		$	231,282
Income/(loss) from continuing
operations before income taxes	$	1,119		$	(10,868	)	$	2,701		$	(14,886	)	$	(21,934	)
Provision/(benefit) for income taxes
from continuing operations		(1,955	)		(6,664	)		(2,015	)		12,134			1,500
Income/(loss) from continuing
operations	$	3,074		$	(4,204	)	$	4,716		$	(27,020	)	$	(23,434	)
Loss from discontinued operations,
net of tax		(475	)		(10,864	)		(2,520	)		(2,120	)		(15,979	)
Net income/(loss)	$	2,599		$	(15,068	)	$	2,196		$	(29,140	)	$	(39,413	)
Basic earnings/(loss) per share:
Income/(loss) from continuing
operations	$	0.05		$	(0.07	)	$	0.08		$	(0.44	)	$	(0.38	)
Loss from discontinued operations		(0.01	)		(0.17	)		(0.04	)		(0.05	)		(0.27	)
Net earnings/(loss) per share	$	0.04		$	(0.24	)	$	0.04		$	(0.49	)	$	(0.65	)
Diluted earnings/(loss) per share:
Income/(loss) from continuing
operations	$	0.05		$	(0.07	)	$	0.08		$	(0.44	)	$	(0.38	)
Loss from discontinued operations		(0.01	)		(0.17	)		(0.04	)		(0.05	)		(0.27	)
Net earnings/(loss) per share	$	0.04		$	(0.24	)	$	0.04		$	(0.49	)	$	(0.65	)

	For the Year Ended June 5, 2012
	First Quarter			Second Quarter			Third Quarter			Fourth Quarter			Total
Revenues	$	328,263		$	304,893		$	320,713		$	357,894		$	1,311,763
Gross profit*	$	53,596		$	45,986		$	59,282		$	74,000		$	232,864
Income/(loss) from continuing
operations before income taxes	$	4,732		$	(211	)	$	2,805		$	(15,952	)	$	(8,626	)
Provision/(benefit) for income taxes
from continuing operations		751			379			(4,064	)		(9,218	)		(12,152	)
Income/(loss) from continuing operations	$	3,981		$	(590	)	$	6,869		$	(6,734	)	$	3,526
(Loss)/income from discontinued
operations, net of tax		(888	)		(1,411	)		(2,333	)		918			(3,714	)
Net income/(loss)	$	3,093		$	(2,001	)	$	4,536		$	(5,816	)	$	(188	)
Basic earnings/(loss) per share:
Income/(loss) from continuing	$	0.06		$	(0.10	)	$	0.11		$	(0.10	)	$	0.06
operations
(Loss)/income from discontinued
operations		(0.01	)		(0.02	)		(0.04	)		0.01			(0.06	)
Net earnings/(loss) per share	$	0.05		$	(0.03	)	$	0.07		$	(0.09	)	$	(0.00	)
Diluted earnings/(loss) per share:
Income/(loss) from continuing	$	0.06		$	(0.10	)	$	0.11		$	(0.10	)	$	0.06
operations
(Loss)/income from discontinued
operations		(0.01	)		(0.02	)		(0.04	)		0.01			(0.06	)
Net earnings/(loss) per share	$	0.05		$	(0.03	)	$	0.07		$	(0.09	)	$	(0.00	)

* We define gross profit as revenue less cost of merchandise, payroll and related costs, and other restaurant operating costs.