IHOP 2009 Annual Report Download - page 152

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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)
Net Income Per Share— Per Share—
Revenues(a) Operating Margin (Loss) Basic(b) Diluted(b)
(In thousands, except per share amounts)
2009
1st Quarter ................... $375,556 $120,853 $ 37,141 $ 1.82 $ 1.80
2nd Quarter .................. 349,650 109,119 24,814 1.11 1.09
3rd Quarter ................... 333,551 104,590 13,505 0.46 0.46
4th Quarter(c) ................. 355,205 113,005 (44,051) (2.84) (2.84)
2008
1st Quarter ................... $442,789 $114,789 $ 13,854 $ 0.50 $ 0.50
2nd Quarter .................. 424,133 114,898 (19,385) (1.42) (1.42)
3rd Quarter ................... 391,181 105,723 (11,804) (0.98) (0.98)
4th Quarter(c) ................. 355,525 98,407 (137,124) (8.15) (8.15)
(a) Revenues have been impacted by the franchising of 110 company-operated Applebee’s restaurants
since the second quarter of 2008.
(b) The quarterly amounts may not add to the full year amount.
(c) The 4th quarter net loss and net loss per share were significantly impacted by impairment charges
taken against intangible assets in 2009, and goodwill and intangible assets in 2008.
133