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Selected Quarterly Financial Data (Unaudited)
12 Months Ended
Aug. 31, 2017
Quarterly Financial Data [Abstract]  
Selected Quarterly Financial Data (Unaudited)
Selected Quarterly Financial Data (Unaudited)

 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter

 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
Total revenues
 
$
129,551

 
$
145,803

 
$
100,158

 
$
133,160

 
$
123,990

 
$
165,239

 
$
123,568

 
$
162,118

Income from operations
 
27,052

 
26,045

 
22,627

 
22,212

 
35,441

 
38,880

 
38,155

 
40,315

Net income (1)
 
$
13,118

 
$
12,458

 
$
10,963

 
$
10,819

 
$
18,751

 
$
15,353

 
$
20,831

 
$
25,437


 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Basic income per share (2)
 
$
0.29

 
$
0.25

 
$
0.25

 
$
0.22

 
$
0.44

 
$
0.32

 
$
0.50

 
$
0.54

Diluted income per share (2)
 
$
0.28

 
$
0.24

 
$
0.25

 
$
0.22

 
$
0.44

 
$
0.31

 
$
0.50

 
$
0.53

__________
(1)
For fiscal year 2017, includes the after tax loss of $0.6 million on refranchising transactions and the after tax gain of $2.4 million on the sale of investment in refranchised drive-in operations in the first quarter, the after tax gain of $4.3 million on refranchising transactions in the second quarter, the after tax gain of $0.4 million on refranchising transactions in the third quarter and the after tax gain of $0.1 million on refranchising transactions, after tax restructuring charges of $1.1 million and the after tax gain on the sale of real estate of $3.0 million in the fourth quarter. For fiscal year 2016, includes the after tax gain on the sale of real estate of $1.2 million and a tax benefit of $0.6 million from the retroactive reinstatement of the Work Opportunity Tax Credit and resolution of income tax matters in the second quarter, the $5.7 million after tax loss from early extinguishment of debt in the third quarter and the after tax gain on refranchising transactions of $0.7 million and the FIN 48 release of income tax credits and deductions of $3.0 million in the fourth quarter.  
(2)
The sum of per share data may not agree to annual amounts due to rounding.