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Quarterly Financial Data (unaudited)
 12 Months Ended
Dec. 29, 2015
Quarterly Financial Data (unaudited)  
Quarterly Financial Data (unaudited)

 

16.  Quarterly Financial Data (unaudited)

 

Summarized unaudited quarterly financial data for fiscal 2015 and 2014, is as follows (in thousands, except per share data):

 

Quarter Ended:

 

March 31, 2015

 

June 30, 2015

 

September 29, 2015(2)

 

December 29, 2015

 

Revenues

 

$
517,973 

 

$
529,107 

 

$
526,688 

 

$
526,841 

 

Income from operations

 

$
41,054 

 

$
49,753 

 

$
35,644 

 

$
38,795 

 

Net income

 

$
28,423 

 

$
34,724 

 

$
26,176 

 

$
27,200 

 

Basic net income per share (1)

 

$
0.58 

 

$
0.72 

 

$
0.54 

 

$
0.56 

 

Diluted net income per share (1)

 

$
0.56 

 

$
0.69 

 

$
0.52 

 

$
0.54 

 

Cash dividends declared per common share

 

$
0.165 

 

$
0.165 

 

$
0.20 

 

$
0.20 

 

 

Quarter Ended:

 

April 1, 2014(2)

 

July 1, 2014(2)

 

September 30, 2014

 

December 30, 2014

 

Revenues

 

$
481,431 

 

$
496,406 

 

$
499,114 

 

$
499,673 

 

Income from operations

 

$
33,073 

 

$
42,691 

 

$
34,175 

 

$
34,792 

 

Net income

 

$
22,518 

 

$
30,049 

 

$
24,223 

 

$
24,486 

 

Basic net income per share (1)

 

$
0.44 

 

$
0.61 

 

$
0.49 

 

$
0.50 

 

Diluted net income per share (1)

 

$
0.43 

 

$
0.59 

 

$
0.48 

 

$
0.48 

 

Cash dividends declared per common share

 

$
0.14 

 

$
0.14 

 

$
0.165 

 

$
0.165 

 

 

 

(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)

Income from operations included impairment and lease termination expenses of $6.0 million in the third quarter of fiscal 2015 related to our RockSugar Pan Asian Kitchen restaurant and $0.2 million and $0.5 million in the first and second quarters of fiscal 2014, respectively, related to one The Cheesecake Factory restaurant.  The impact of these amounts on net income was $3.6 million in the third quarter of fiscal 2015 and $0.1 million and $0.3 million in the first and second quarters of fiscal 2014, 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 may be achieved for the full fiscal year.