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Quarterly Data (Unaudited) (Tables)
 12 Months Ended
Dec. 26, 2018
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Data (Unaudited)
Selected consolidated financial data for each quarter of fiscal 2018 and 2017 are set forth below:
 
 
Fiscal Year Ended December 26, 2018 (1)
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
(In thousands, except per share data)
Company restaurant sales
$
101,193

 
$
102,741

 
$
103,609

 
$
104,389

Franchise and license revenue
54,080

 
54,593

 
54,414

 
55,160

Total operating revenue 
155,273

 
157,334

 
158,023

 
159,549

Total operating costs and expenses, net
138,848

 
138,374

 
139,554

 
139,789

Operating income 
$
16,425

 
$
18,960

 
$
18,469

 
$
19,760

Net income
$
9,759

 
$
11,626

 
$
10,805

 
$
11,503

Basic net income per share (2) 
$
0.15

 
$
0.18

 
$
0.17

 
$
0.19

Diluted net income per share (2)
$
0.15

 
$
0.18

 
$
0.16

 
$
0.18


(1)
During 2018, we adopted ASU 2014-09, which clarifies the principles used to recognize revenue. We elected to apply the modified retrospective method of adoption; therefore, results for reporting periods after December 28, 2017 are presented under the new guidance and prior period amounts have not been adjusted. The increase in operating revenue was primarily the result of recognizing advertising revenue on a gross basis versus recording it on a net basis as previously reported. See Note 3 to our Consolidated Financial Statements for details.
(2)
Per share amounts do not necessarily sum to the total year amounts due to changes in shares outstanding and rounding.

 
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 license 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, net
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.