Quarterly Financial Information (Unaudited)

The tables below set forth summary unaudited consolidated quarterly financial information for 2016 and 2015. The Company reports on a fiscal year typically consisting of 52 or 53 weeks ending on the Sunday closest to December 31. All of the Company’s fiscal quarters in 2016 contained 13 weeks. During 2015, the Company’s first, second and third fiscal quarters contained 13 weeks and the Company’s fourth quarter contained 14 weeks.



	2016 Quarter Ended (a)
	April 3		July 3		October 2		January 1
Revenues	$	378,787	$	382,718	$	364,012	$	309,901
Cost of sales	214,736		202,554		186,546		140,865
Operating profit	63,829		65,648		106,088		79,215
Net income	$	25,363	$	26,480	$	48,890	$	28,891
Basic income per share	$	.09	$	.10	$	.19	$	.11
Diluted income per share	$	.09	$	.10	$	.18	$	.11



	2015 Quarter Ended (b)
	March 29		June 28		September 27			January 3
Revenues	$	451,769	$	489,534	$	464,629		$	464,365
Cost of sales	305,111		315,122		291,524			272,316
Operating profit	37,911		64,308		55,939			116,312
Income from continuing operations	18,150		24,825		8,323			88,681
Net income (loss) from discontinued operations	9,357		15,370		(739		)	(2,825		)
Net income	$	27,507	$	40,195	$	7,584		$	85,856
Basic income (loss) per share:
Continuing operations	$	.05	$	.07	$	.03		$	.32
Discontinued operations	.03		.04		—			(.01		)
Net income	$	.08	$	.11	$	.03		$	.31
Diluted income (loss) per share:
Continuing operations	$	.05	$	.07	$	.03		$	.32
Discontinued operations	.03		.04		—			(.01		)
Net income	$	.07	$	.11	$	.03		$	.31

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(a)

The Company’s consolidated statements of operations in fiscal 2016 were materially impacted by system optimization gains, net, reorganization and realignment costs, impairment of long-lived assets and a gain recognized on a lease buyout. The pre-tax impact of system optimization gains, net for the first, third and fourth quarters was $8,426, $37,756 and $23,825, respectively (see Note 2 for additional information). The pre-tax impact of reorganization and realignment costs for the first, second, third and fourth quarters was $3,250, $2,487, $2,129 and $2,217, respectively (see Note 4 for additional information). The pre-tax impact of impairment of long-lived assets during the first, second and fourth quarters was $7,105, $5,525 and $3,250, respectively (see Note 16 for additional information). The pre-tax impact of a gain recognized on a lease buyout during the first quarter was $11,606.

(b)

The Company’s consolidated statements of operations in fiscal 2015 were materially impacted by system optimization gains, net, reorganization and realignment costs, impairment of long-lived assets and loss on early extinguishment of debt. The pre-tax impact of system optimization gains, net for the second and fourth quarters was $15,654 and $59,258, respectively (see Note 2 for additional information). The pre-tax impact of reorganization and realignment costs for the first, second, third and fourth quarters was $4,613, $6,279, $5,754 and $5,264, respectively (see Note 4 for additional information). The pre-tax impact of impairment of long-lived assets during the second and fourth quarters was $10,018 and $11,533, respectively (see Note 16 for additional information). The pre-tax impact of loss on early extinguishment of debt during the second quarter was $7,295 (see Note 11 for additional information). Additionally, the Company’s consolidated statements of operations were materially affected during the fourth quarter by a $54,911 dividend from our investment in Arby’s, which was recognized in investment income, net (see Note 17 for additional information).