Quarterly Financial Data (unaudited)

12 Months Ended

Dec. 31, 2013

Quarterly Financial Data (unaudited)

Quarterly Financial Data (unaudited)

16.  Quarterly Financial Data (unaudited)

Summarized unaudited quarterly financial data for fiscal 2013 and 2012, is as follows (in thousands, except per share data):

Quarter Ended:	April 2, 2013(3)		July 2, 2013(3)		October 1, 2013(3)		December 31, 2013(3)
Revenues	$	463,018	$	470,118	$	469,699	$	475,075
Income from operations	$	36,787	$	41,170	$	38,631	$	44,366
Net income	$	25,292	$	28,583	$	27,481	$	33,000
Basic net income per share (1)	$	0.48	$	0.54	$	0.52	$	0.64
Diluted net income per share (1)	$	0.47	$	0.52	$	0.50	$	0.62
Cash dividends declared per common share	$	0.12	$	0.12	$	0.14	$	0.14

Quarter Ended:	April 3, 2012		July 3, 2012(2)		October 2, 2012		January 1, 2013(3)
Revenues	$	435,754	$	454,749	$	453,819	$	464,695
Income from operations	$	30,219	$	40,970	$	39,324	$	28,186
Net income	$	20,722	$	28,399	$	27,163	$	22,139
Basic net income per share (1)	$	0.39	$	0.53	$	0.51	$	0.42
Diluted net income per share (1)	$	0.37	$	0.52	$	0.49	$	0.40
Cash dividends declared per common share	$	¾	$	¾	$	0.12	$	0.12

(1) Net income per share calculations for each quarter are based on the weighted average diluted shares outstanding for that quarter and may not total to the full year amount.

(2) Net income included $419 in proceeds from a variable life insurance contract used to support our ESP.

(3) Income from operations included impairment and lease termination expenses/(income) of $644, $1,505, $1,097, ($3,807) and $9,536 in the four quarters of fiscal 2013 and the fourth quarter of fiscal 2012, respectively, related to seven The Cheesecake Factory and four Grand Lux Cafe restaurants.  The impact of these amounts on net income was $386, $903, $658, ($2,284) and $5,722, respectively.  (See Note 1 for further discussion of impairment of assets and lease terminations.)

While seasonal fluctuations generally do not have a material impact on our quarterly results, the year-over-year comparison of our quarterly results can be significantly impacted by the number and timing of new restaurant openings and associated preopening costs, the calendar days of the week on which holidays occur and other variations in revenues and expenses.  As a result of these factors, our financial results for any quarter are not necessarily indicative of the results that many be achieved for the full fiscal year.