Selected Quarterly Financial Data

12 Months Ended

Aug. 31, 2014

Selected Quarterly Financial Data [Abstract]

Selected Quarterly Financial Data

16.  Selected Quarterly Financial Data (Unaudited)

	First Quarter				Second Quarter				Third Quarter					Fourth Quarter
	2014		2013		2014		2013			2014		2013		2014		2013
Total revenues	$	126,652	$	126,008	$	109,741	$	111,141		$	152,187	$	146,634	$	163,769	$	158,802
Income from operations		18,359		17,203		12,349		12,018			31,681		29,994		36,288		30,033
Net income(1)(2)	$	8,208	$	6,133	$	4,107	$	3,577		$	16,776	$	14,793	$	18,825	$	12,198
Basic income
per share(3)	$	0.15	$	0.11	$	0.07	$	0.06		$	0.31	$	0.26	$	$       0.35	$	0.22
Diluted income
per share(3)	$	0.14	$	0.11	$	0.07	$	0.06		$	0.30	$	0.26	$	$       0.34	$	0.21
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(1)  Includes a $0.5 million tax benefit resulting from the IRS’ acceptance of a federal tax method change during the first quarter of fiscal year 2014.

(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.  Also includes 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.