XML 51 R32.htm IDEA: XBRL DOCUMENT v2.4.1.9
QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) (Tables)
12 Months Ended
Dec. 28, 2014
QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)  
Schedule of the Company's quarterly results

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarters Ended

 

(in thousands, except per share

 

March 30,

 

June 29,

 

September 28,

 

December 28,

 

amounts)

 

2014 (1) (2)

 

2014 (2)

 

2014 (2)

 

2014

 

Net revenues

    

$

276,171 

    

$

287,391 

    

$

272,899 

    

$

310,091 

 

Operating income (loss)

 

$

(4,698)

 

$

27,307 

 

$

18,550 

 

$

41,164 

 

Income (loss) from continuing operations

 

$

(16,062)

 

$

91,648 

 

$

(2,619)

 

$

303,010 

 

Income (loss) from discontinued operations

 

 

220 

 

 

(1,699)

 

 

(141)

 

 

(368)

 

Net income (loss)

 

$

(15,842)

 

$

89,949 

 

$

(2,760)

 

$

302,642 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations per share - diluted

 

$

(0.18)

 

$

1.03 

 

$

(0.03)

 

$

3.45 

 

Income (loss) from discontinued operations per share - diluted

 

 

 —

 

 

(0.01)

 

 

 —

 

 

(0.01)

 

Net income (loss) per share - diluted

 

$

(0.18)

 

$

1.02 

 

$

(0.03)

 

$

3.44 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarters Ended

 

(in thousands, except per share

 

March 31,

 

June 30,

 

September 29,

 

December 29,

 

amounts)

 

2013 (1)

 

2013

 

2013

 

2013

 

Net revenues

    

$

288,637 

    

$

301,608 

    

$

287,046 

    

$

337,557 

 

Operating income

 

$

19,817 

 

$

30,157 

 

$

26,695 

 

$

44,275 

 

Income (loss) from continuing operations

 

$

(13,197)

 

$

10,961 

 

$

6,736 

 

$

11,944 

 

Income from discontinued operations

 

 

456 

 

 

791 

 

 

529 

 

 

583 

 

Net income (loss)

 

$

(12,741)

 

$

11,752 

 

$

7,265 

 

$

12,527 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations per share - diluted

 

$

(0.15)

 

$

0.13 

 

$

0.07 

 

$

0.13 

 

Income from discontinued operations per share - diluted

 

 

 —

 

 

0.01 

 

 

0.01 

 

 

0.01 

 

Net income (loss) per share - diluted

 

$

(0.15)

 

$

0.14 

 

$

0.08 

 

$

0.14 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


(1)

Amounts have been adjusted from those previously reported on Forms 10-Q to reflect the discontinued operations associated with Anchorage, which was sold during the quarter ended June 29, 2014. For the quarter ended March 30, 2014, $6.4 million and $0.4 million were adjusted from those previously reported amounts for net revenues and operating loss, respectively. For the quarter ended March 31, 2013, $6.5 million and $0.8 million were adjusted from those previously reported amount for net revenues and operating income, respectively.

(2)

Net revenues and other operating expenses included within operating income (loss) have been reduced by $4.7 million, $4.6 million and $4.5 million for quarters ended September 28, 2014,  June 29, 2014 and March 30, 2014, respectively, to correct the presentation of advertising sales related to certain third-party digital advertising products and services previously reported on a gross basis to a net basis, with wholesale fees reported as a reduction of the associated digital advertising revenues instead of other operating expenses. We believe the correction is not material to our previously issued interim and annual consolidated financial statements.