IHOP 2008 Annual Report Download - page 142

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DineEquity, Inc. and Subsidiaries
Notes to the Consolidated Financial Statements (Continued)
23. Selected Quarterly Financial Data (Unaudited)
Net Income Net Income
(Loss) (Loss)
Operating Per Share— Per Share—
Revenues Margin Net Income (Loss) Basic(a) Diluted(a)
(In thousands, except per share amounts)
2008
1st Quarter .................... $442,789 $114,818 $ 13,854 $ 0.50 $ 0.50
2nd Quarter ................... 424,133 114,917 (19,385) (1.42) (1.42)
3rd Quarter ................... 391,181 105,756 (11,804) (0.98) (0.98)
4th Quarter(b) ................. 355,525 98,326 (137,124) (8.17) (8.17)
2007
1st Quarter .................... $ 90,124 $ 37,077 $ 11,313 $ 0.63 $ 0.63
2nd Quarter ................... 89,487 34,872 14,130 0.82 0.82
3rd Quarter ................... 91,355 (378) (11,616) (0.69) (0.69)
4th Quarter(c) .................. 213,593 63,380 (14,307) (0.94) (0.94)
(a) The quarterly amounts may not add to the full year amount.
(b) The 4th quarter net loss and net loss per share were significantly impacted by impairment charges
taken against goodwill and intangible assets.
(c) The 4th quarter net loss and net loss per share were significantly impacted by the loss on derivative
financial instruments and increased interest expense resulted from the securitization notes.
24. Subsequent Event (Unaudited)
On February 24, 2009 the Company completed the franchising of five restaurants in the New
Mexico market and expects to recognize a gain of approximately $5.5 million on the transaction.
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