Selected Quarterly Financial Data

12 Months Ended

Aug. 31, 2013

Selected Quarterly Financial Data [Abstract]

Selected Quarterly Financial Data

17.  Selected Quarterly Financial Data (Unaudited)

	First Quarter				Second Quarter				Third Quarter					Fourth Quarter
	2013		2012		2013		2012			2013		2012		2013		2012
Total revenues(1)	$	126,008	$	128,279	$	111,141	$	115,084		$	146,634	$	149,427	$	158,802	$	150,940
Income from operations		17,203		16,754		12,018		10,548			29,994		30,736		30,033		30,902
Net income(2)	$	6,133	$	5,499	$	3,577	$	1,677		$	14,793	$	14,407	$	12,198	$	14,502
Basic income
per share(3)	$	0.11	$	0.09	$	0.06	$	0.03		$	0.26	$	0.24	$	0.22	$	0.25
Diluted income
per share(3)	$	0.11	$	0.09	$	0.06	$	0.03		$	0.26	$	0.24	$	0.21	$	0.25
—————————

(1)  Revenues were impacted by the refranchising of 34 Company Drive-Ins during the latter part of the Company’s second fiscal quarter of 2012.

(2)  Includes losses on early extinguishment of debt of $0.5 million and $3.9 million in the second and fourth quarter of fiscal year 2013, respectively, a tax benefit of $0.7 million from the retroactive reinstatement of the Work Opportunity Tax Credit (“WOTC”) and resolution of income tax matters in the second quarter of fiscal year 2013, as well as a $2.4 million loss on the closure of 12 lower-performing Company Drive-Ins as a result of an assessment in advance of capital expenditures for pending technology initiatives and an impairment charge of $1.6 million related to the write-off of assets associated with a change in the vendor for the Sonic system’s new point-of-sale technology in the fourth quarter of fiscal year 2013.

(3)  The sum of per share data may not agree to annual amounts due to rounding.