Supplemental Quarterly Financial Data (Unaudited) 10-K

12 Months Ended

Jun. 05, 2012

Supplemental Quarterly Financial Data (Unaudited) [Abstract]

Supplemental Quarterly Financial Data (Unaudited)

14. Supplemental Quarterly Financial Data (Unaudited)

Quarterly financial results for the years ended June 5, 2012 and May 31, 2011, are summarized below.

(In thousands, except per-share data)

	For the Year Ended June 5, 2012
	First Quarter		Second Quarter			Third Quarter			Fourth Quarter			Total
Revenues	$	330,345	$	307,405		$	324,825		$	363,203		$	1,325,778
Gross profit*	$	51,128	$	42,685		$	56,563		$	69,721		$	220,097
(Loss)/income before income taxes	$	3,657	$	(1,747	)	$	1,232		$	(18,080	)	$	(14,938	)
(Benefit)/provision for income taxes		564		254			(3,304	)		(12,264	)		(14,750	)
Net (loss)/income	$	3,093	$	(2,001	)	$	4,536		$	(5,816	)	$	(188	)
(Loss)/earnings per share:
Basic	$	0.05	$	(0.03	)	$	0.07		$	(0.09	)	$	(0.00	)
Diluted	$	0.05	$	(0.03	)	$	0.07		$	(0.09	)	$	(0.00	)

	For the Year Ended May 31, 2011
	First Quarter		Second Quarter		Third Quarter			Fourth Quarter		Total
Revenues	$	302,686	$	290,451	$	319,063		$	352,962	$	1,265,162
Gross profit*	$	57,741	$	45,001	$	54,367		$	63,538	$	220,647
Income before income taxes	$	16,077	$	5,268	$	15,545		$	15,732	$	52,622
Provision/(benefit) for income taxes		3,680		703		(455	)		1,816		5,744
Net income	$	12,397	$	4,565	$	16,000		$	13,916	$	46,878
Earnings per share:
Basic	$	0.19	$	0.07	$	0.25		$	0.22	$	0.73
Diluted	$	0.19	$	0.07	$	0.25		$	0.21	$	0.72

* We define gross profit as revenue less cost of merchandise, payroll and related costs, and other restaurant operating costs.