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Form 10-K
http://www.sec.gov/Archives/edgar/data/949373/000119312509042707/d10k.htm[9/11/2014 10:10:56 AM]
Fiscal 2006: Segments
Company-
owned
restaurants
Manufacturing
and
commissary
Franchise
and
license
Corporate
support Consolidated
(in thousands of dollars)
Revenues:
Company-owned restaurant sales $ 363,699 $ 363,699
Manufacturing and commissary revenues $ 21,076 21,076
Franchise and license related revenues $ 5,187 5,187
Total revenues 363,699 21,076 5,187 389,962
Cost of sales:
Company-owned restaurant costs 290,176 290,176
Manufacturing and commissary costs 21,154 21,154
Franchise and license related costs — —
Total cost of sales 290,176 21,154 — 311,330
Gross profit 73,523 (78) 5,187 78,632
Operating expenses $ 57,194 57,194
Other expenses 28,306 28,306
Net income (loss) $ 73,523 $ (78) $ 5,187 $ (85,500) $ (6,868)
Fiscal 2007: Segments
Company-
owned
restaurants
Manufacturing
and
commissary
Franchise
and
license
Corporate
support Consolidated
(in thousands of dollars)
Revenues:
Company-owned restaurant sales $ 372,997 $ 372,997
Manufacturing and commissary revenues $ 24,204 24,204
Franchise and license related revenues $ 5,701 5,701
Total revenues 372,997 24,204 5,701 402,902
Cost of sales:
Company-owned restaurant costs 297,180 297,180
Manufacturing and commissary costs 24,792 24,792
Franchise and license related costs — —
Total cost of sales 297,180 24,792 — 321,972
Gross profit 75,817 (588) 5,701 80,930
Operating expenses $ 52,664 52,664
Other expenses 15,226 15,226
Provision for income taxes 454 454
Net income (loss) $ 75,817 $ (588) $ 5,701 $ (68,344) $ 12,586
Fiscal 2008: Segments
Company-
owned
restaurants
Manufacturing
and
commissary
Franchise
and
license
Corporate
support Consolidated
(in thousands of dollars)
Revenues:
Company-owned restaurant sales $ 376,664 $ 376,664
Manufacturing and commissary revenues $ 30,369 30,369
Franchise and license related revenues $ 6,417 6,417
Total revenues 376,664 30,369 6,417 413,450
Cost of sales:
Company-owned restaurant costs 303,116 303,116
Manufacturing and commissary costs 28,566 28,566
Franchise and license related costs — —
Total cost of sales 303,116 28,566 — 331,682
Gross profit 73,548 1,803 6,417 81,768
Operating expenses $ 54,152 54,152
Other expenses 5,439 5,439
Provision for income taxes 1,100 1,100
Net income (loss) $ 73,548 $ 1,803 $ 6,417 $ (60,691) $ 21,077
79
Table of Contents
EINSTEIN NOAH RESTAURANT GROUP, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
21. QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)
The following table summarizes the unaudited consolidated quarterly results of operations for fiscal years ended 2006, 2007 and 2008:
Fiscal year 2006:
1st Quarter
(13 wks)
2nd Quarter
(13 wks)
3rd Quarter
(13 wks)
4th Quarter
(13 wks)
(in thousands of dollars, except per share amounts)
Revenue $ 97,076 $ 97,956 $ 95,752 $ 99,178