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Quarterly Data (Unaudited)
 12 Months Ended
Dec. 27, 2017
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Data (Unaudited)
Quarterly Data (Unaudited)
 
The results for each quarter include all adjustments which, in our opinion, are necessary for a fair presentation of the results for interim periods. All adjustments are of a normal and recurring nature.

Selected consolidated financial data for each quarter of fiscal 2017 and 2016 are set forth below:
 
 
Fiscal Year Ended December 27, 2017
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
(In thousands, except per share data)
Company restaurant sales
$
93,779

 
$
98,355

 
$
97,915

 
$
100,303

Franchise and licensing revenue
34,131

 
35,021

 
34,469

 
35,196

Total operating revenue 
127,910

 
133,376

 
132,384

 
135,499

Total operating costs and expenses 
111,609

 
116,367

 
113,849

 
116,646

Operating income 
$
16,301

 
$
17,009

 
$
18,535

 
$
18,853

Net income
$
8,373

 
$
8,749

 
$
9,325

 
$
13,147

Basic net income per share (1) 
$
0.12

 
$
0.13

 
$
0.14

 
$
0.20

Diluted net income per share (1)
$
0.11

 
$
0.12

 
$
0.13

 
$
0.19


(1)
Per share amounts do not necessarily sum to the total year amounts due to changes in shares outstanding and rounding.
 
Fiscal Year Ended December 28, 2016
 
First Quarter
 
Second Quarter (1)
 
Third Quarter
 
Fourth Quarter
 
(In thousands, except per share data)
Company restaurant sales
$
90,386

 
$
89,210

 
$
93,122

 
$
94,592

Franchise and licensing revenue
34,256

 
35,105

 
35,264

 
35,013

Total operating revenue 
124,642

 
124,315

 
128,386

 
129,605

Total operating costs and expenses 
106,409

 
129,148

 
110,809

 
113,583

Operating income 
$
18,233

 
$
(4,833
)
 
$
17,577

 
$
16,022

Net income
$
9,954

 
$
(11,552
)
 
$
9,726

 
$
11,274

Basic net income per share (2)
$
0.13

 
$
(0.15
)
 
$
0.13

 
$
0.16

Diluted net income per share (2)
$
0.13

 
$
(0.15
)
 
$
0.13

 
$
0.15


(1)
The results for the second quarter of 2016 include the recognition of a pre-tax settlement loss of $24.3 million related to the Pension Plan liquidation, reflecting the recognition of unamortized actuarial losses that were recorded in accumulated other comprehensive income. In addition, we recognized a $2.1 million tax benefit related to the $24.3 million pre-tax settlement loss.
(2)
Per share amounts do not necessarily sum to the total year amounts due to changes in shares outstanding and rounding.