Buffalo Wild Wings 2015 Annual Report Download - page 36

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36
Results of Quarterly Operations (unaudited) (amounts in thousands except per share data)
Mar 30,
2014 Jun 29,
2014 Sep 28,
2014 Dec 28,
2014 Mar 29,
2015 Jun 28,
2015 Sep 27,
2015 Dec 27,
2015
Revenue:
Restaurant sales 344,945 343,141 350,524 384,380 414,972 401,860 431,763 466,405
Franchise royalties and fees 22,910 22,853 22,934 24,536 25,614 24,527 23,763 23,818
Total revenue 367,855 365,994 373,458 408,916 440,586 426,387 455,526 490,223
Costs and expenses:
Restaurant operating costs:
Cost of sales 97,487 96,837 101,886 117,680 125,677 117,843 126,878 137,414
Labor 105,334 107,432 111,897 119,569 130,394 129,294 138,897 144,262
Operating 49,038 50,017 52,364 58,164 58,551 56,822 63,343 72,039
Occupancy 18,969 19,283 19,796 20,883 21,990 22,354 24,210 26,015
Depreciation and
amortization 22,832 23,746 24,776 27,100 28,069 29,208 33,610 36,616
General and administrative 28,156 30,223 27,784 31,875 30,522 33,701 33,714 31,196
Preopening 2,578 2,197 3,594 5,175 1,270 3,204 4,777 4,903
Loss on asset disposals and
impairment 787 1,211 1,371 458 605 2,306 1,269 3,282
Total costs and expenses 325,181 330,946 343,468 380,904 397,078 394,732 426,698 455,727
Income from operations 42,674 35,048 29,990 28,012 43,508 31,655 28,828 34,496
Interest and other income
(expense) (127) 235 (236)(189)(75) 41 (1,400)(912)
Earnings before income
taxes 42,547 35,283 29,754 27,823 43,433 31,696 27,428 33,584
Income tax expense 14,231 11,580 8,001 7,540 14,448 10,264 8,261 8,292
Net earnings including
noncontrolling interests 28,316 23,703 21,753 20,283 28,985 21,432 19,167 25,292
Net income (loss)
attributable to noncontrolling
interests ———(39)(78)(67)(69) 21
Net earnings attributable to
Buffalo Wild Wings 28,316 23,703 21,753 20,322 29,063 21,499 19,236 25,271
Earnings per common share
– basic 1.50 1.25 1.15 1.07 1.53 1.13 1.01 1.33
Earnings per common share
– diluted 1.49 1.25 1.14 1.07 1.52 1.12 1.00 1.32
Weighted average shares
outstanding – basic 18,873 18,904 18,923 18,931 18,993 19,003 19,022 19,036
Weighted average shares
outstanding – diluted 18,953 18,981 19,021 19,051 19,074 19,113 19,167 19,173