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Selected Quarterly Financial Information (unaudited)
12 Months Ended
Apr. 29, 2012
Selected Quarterly Financial Information (unaudited)  
Selected Quarterly Financial Information (unaudited)

21. Selected Quarterly Financial Information (unaudited)

        Our selected quarterly financial information has included reclassifications for amounts shown in our previously filed reports on Forms 10-Q to reflect the discontinued operations presentation for our Biloxi, Mississippi, Freeport, Grand Bahama and UK casino properties.

 
  Fiscal Quarters Ended  
 
  July 24,
2011
  October 23,
2011
  January 22,
2012
  April 29,
2012
 

Net revenues

  $ 227,604   $ 231,426   $ 227,320   $ 291,020  

Operating income

    17,693     19,773     20,813     26,104  

Income (loss) from continuing operations

    (2,559 )   (1,030 )   (316 )   (13,478 )

Income (loss) from discontinued operations, net of income taxes

    236     (427 )   (866 )   (111,313 )

Net income (loss)

    (2,323 )   (1,457 )   (1,182 )   (124,791 )

Earnings (loss) per common share basic:

                         

Income (loss) from continuing operations

  $ (0.07 ) $ (0.03 ) $ (0.01 ) $ (0.35 )

Income (loss) from discontinued operations, net of income taxes

    0.01     (0.01 )   (0.02 )   (2.85 )
                   

Net income (loss)

  $ (0.06 ) $ (0.04 ) $ (0.03 ) $ (3.20 )
                   

Earnings (loss) per common share diluted:

                         

Income (loss) from continuing operations

  $ (0.07 ) $ (0.03 ) $ (0.01 ) $ (0.35 )

Income (loss) from discontinued operations, net of income taxes

    0.01     (0.01 )   (0.02 )   (2.85 )
                   

Net income (loss)

  $ (0.06 ) $ (0.04 ) $ (0.03 ) $ (3.20 )
                   

Weighted average basic shares

    38,277,150     38,753,049     38,982,281     38,982,281  

Weighted average dilutive shares

    38,277,150     38,753,049     38,982,281     38,982,281  

 
  Fiscal Quarters Ended  
 
  July 25,
2010
  October 24,
2010
  January 23,
2011
  April 24,
2011
 

Net revenues

  $ 233,282   $ 229,383   $ 217,362   $ 256,634  

Operating income

    21,534     21,748     19,317     39,332  

Income (loss) from continuing operations

    (2,105 )   (1,192 )   (1,324 )   8,356  

Income (loss) from discontinued operations, net of income taxes

    (549 )   172     (1,333 )   2,515  

Net income (loss)

    (2,654 )   (1,020 )   (2,657 )   10,871  

Earnings (loss) per common share basic:

                         

Income (loss) from continuing operations

  $ (0.06 ) $ (0.04 ) $ (0.04 ) $ 0.22  

Income (loss) from discontinued operations, net of income taxes

    (0.02 )   0.01     (0.04 )   0.07  
                   

Net income (loss)

  $ (0.08 ) $ (0.03 ) $ (0.08 ) $ 0.29  
                   

Earnings (loss) per common share diluted:

                         

Income (loss) from continuing operations

  $ (0.06 ) $ (0.04 ) $ (0.04 ) $ 0.22  

Income (loss) from discontinued operations, net of income taxes

    (0.02 )   0.01     (0.04 )   0.06  
                   

Net income (loss)

  $ (0.08 ) $ (0.03 ) $ (0.08 ) $ 0.28  
                   

Weighted average basic shares

    32,447,904     32,783,726     32,929,965     38,103,040  

Weighted average dilutive shares

    32,447,904     32,783,726     32,929,965     38,252,693  

        A summary of certain revenues and expenses from our continuing operations impacting our quarterly financial results is as follows:

  • (1)
    The fourth quarter of fiscal 2012 contained fourteen weeks as compared to the fourth quarter of fiscal 2011 which contained thirteen weeks.

    (2)
    During the fourth quarter of fiscal 2012, we recorded a goodwill impairment charge of $14,400 related to our Lula property and a valuation charge of $16,149 at our Lake Charles property associated with the sale of Grand Palais Riverboat, Inc.

    (3)
    During the first and second quarters of fiscal 2012, five of our properties were temporarily closed for flooding along the Mississippi River.