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Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 28, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)

(13) Quarterly Financial Data (Unaudited)

The unaudited quarterly information includes all normal recurring adjustments that the Company considers necessary for a fair presentation of the information shown. The Company’s quarterly results have been and will continue to be affected by the timing of new shop openings and their associated pre-opening costs. As a result of these and other factors, the financial results for any quarter may not be indicative of the results for any future period.

 

The following table presents selected unaudited quarterly financial data for periods indicated (in thousands, except per share data):

 

     Fiscal Year 2014 (1)  
     March 30 (2)      June 29      September 28      December 28  

Total revenues

   $ 73,881       $ 83,620       $ 84,675       $ 84,803   

(Loss) income from operations

     (441 )      3,454         3,254         1,004   

Net (loss) income attributable to Potbelly Corporation

     (301 )      2,010         1,947         702   

(Loss) income per share available to common stockholders-basic

     (0.01 )      0.07         0.07         0.02   

(Loss) income per share available to common stockholders-diluted

     (0.01 )      0.07         0.06         0.02   
     Fiscal Year 2013 (1) (3)  
     March 31      June 30      September 29      December 29  

Total revenues

   $ 68,744       $ 78,186       $ 78,021       $ 74,761   

Income (loss) from operations

     152         4,761         3,176         (6,614 )

Net income (loss) attributable to Potbelly Corporation

     18         2,759         2,165         (3,684 )

(Loss) per share available to common

stockholders-basic (4)

     (1.74 )      (1.77 )      (12.29 )      (1.93 )

(Loss) per share available to common

stockholders-diluted (4)

     (1.74 )      (1.77 )      (12.29 )      (1.93 )

 

(1) Fiscal years 2014 and 2013 were 52-week years. Each quarter of the fiscal year consists of 13 weeks.
(2) The 13 weeks ended March 30, 2014 were impacted by significantly adverse weather.
(3) Fiscal year 2013 includes $10.6 million in one-time costs associated with our IPO, which closed on October 9, 2013. These costs primarily consist of one-time charges for stock compensation of approximately $10.0 million as well as legal and accounting fees.
(4) For the first three quarters in fiscal 2013, basic and diluted income (loss) per share available to common stockholders was calculated under the two-class method as the redeemable convertible preferred stock participated in the undistributed earnings of the Company. Earnings of the Company were allocated between the common and preferred stockholders to account for the accretion of the redeemable convertible preferred stock to its maximum redemption value, thereby reducing the earnings of the Company attributable to common stockholders. For the first three quarters in 2013, this resulted in net losses attributable to common stockholders, in total and on a per share basis, as the net income attributable to the Company (if any) was exceeded by the change in maximum redemption value of the redeemable convertible preferred stock. Upon completion of the initial public offering on October 9, 2013, the redeemable convertible preferred stock was automatically converted to common stock. See Note 9—Capital Stock and Warrants for further information on the conversion.