Quarterly Results (Unaudited)

12 Months Ended

Dec. 26, 2020

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results (Unaudited)

U. Quarterly Results (Unaudited)

The Company’s fiscal quarters are consistently determined year to year and generally consist of 13 weeks, except in those fiscal years in which there are fifty-three weeks where the last fiscal quarters then consist of 14 weeks. In management’s opinion, the following unaudited information includes all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of the information for the quarters presented. The operating results for any quarter are not necessarily indicative of results for any future quarters.

	For Quarters Ended
	December 26, 2020		September 26, 2020		June 27, 2020		March 28, 2020		December 28, 2019 (1)		September 28, 2019 (1)		June 29, 2019 (1)		March 30, 2019
	(13 weeks)		(13 weeks)		(13 weeks)		(13 weeks)		(13 weeks)		(13 weeks)		(13 weeks)		(13 weeks)
	(In thousands, except per share data)
Net revenue	$	460,937	$	492,792	$	452,138	$	330,565	$	301,300	$	378,466	$	318,407	$	251,651
Gross profit		216,270		240,585		209,624		147,973		142,789		187,835		159,002		124,540
Operating income		42,125		101,781		78,769		21,532		17,702		59,836		37,932		29,443
Net income	$	32,817	$	80,768	$	60,141	$	18,234	$	13,762	$	44,729	$	27,856	$	23,694
Net income per share – basic	$	2.68	$	6.61	$	4.93	$	1.50	$	1.13	$	3.70	$	2.39	$	2.04
Net income per share – diluted	$	2.64	$	6.51	$	4.88	$	1.49	$	1.12	$	3.65	$	2.36	$	2.02

(1) During the second, third and fourth quarter of 2019, the Company recorded $1.9 million, $5.9 million and $2.1 million in non-reoccurring transaction fees related to the Dogfish Head Transaction, respectively.