Selected Quarterly Financial Data

12 Months Ended

Jan. 30, 2012

Selected Quarterly Financial Data [Abstract]

Selected Quarterly Financial Data

NOTE 24 — SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

The following table presents our summarized quarterly results:

	Successor
	1st Quarter			2nd Quarter			3rd Quarter			4th Quarter
Fiscal 2012:
Total revenue	$	400,583		$	299,729		$	292,619		$	287,396
Operating income		19,574			17,486			14,008			17,829
Net (loss) income		(2,601	)		(2,231	)		(1,517	)		88

	Predecessor						Successor
				2nd Quarter
	1st Quarter			Eight  Weeks Ended July 12, 2010			Four  Weeks Ended August 9, 2010			3rd Quarter		4th Quarter
Fiscal 2011:
Total revenue	$	435,185		$	216,934		$	97,029		$	284,787	$	297,292
Operating income (loss)		13,546			8,937			(22,810	)		14,554		10,991
Net (loss) income		(3,093	)		(4,422	)		(22,888	)		45		(5,047	)

Quarterly operating results are not necessarily representative of operations for a full year for various reasons, including the seasonal nature of the quick-service restaurant industry and unpredictable weather conditions, which may affect sales volume and food costs. In addition, the first quarter of our fiscal year is comprised of four four-week accounting periods and all other quarters have three four-week accounting periods, except our fourth quarter of fiscal 2011, which contains one additional week (see Note 1).

Fourth Quarter Adjustment

During the fourth quarter of fiscal 2012, we recorded the out-of-period Insurance Reserve Adjustment to correct our previously reported Hardee's self-insured workers' compensation claims reserves. As a result, we increased our estimated liability for self-insurance by $1,976, resulting in a corresponding increase of $1,976 in payroll and other employee benefits expense. See further discussion in Note 1.