Chili's 2011 Annual Report Download - page 68

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Fiscal Year 2010
Quarters Ended
Sept. 23 Dec. 23 March 24 June 30(1)
Revenues ..................................... $696,543 $705,515 $713,380 $743,060
Income before provision for income taxes ........... $ 13,411 $ 17,827 $ 44,245 $ 56,503
Income from continuing operations ................ $ 10,279 $ 14,837 $ 35,508 $ 43,098
Income from discontinued operations, net of taxes . . . . $ 5,488 $ 3,487 $ 4,490 $ 20,517
Net income ................................... $ 15,767 $ 18,324 $ 39,998 $ 63,615
Basic net income per share:
Income from continuing operations .............. $ 0.10 $ 0.14 $ 0.35 $ 0.42
Income from discontinued operations ............. $ 0.05 $ 0.04 $ 0.04 $ 0.20
Net income per share .......................... $ 0.15 $ 0.18 $ 0.39 $ 0.62
Diluted net income per share:
Income from continuing operations .............. $ 0.10 $ 0.14 $ 0.35 $ 0.42
Income from discontinued operations ............. $ 0.05 $ 0.04 $ 0.04 $ 0.20
Net income per share .......................... $ 0.15 $ 0.18 $ 0.39 $ 0.62
Basic weighted average shares outstanding .......... 102,243 102,481 102,470 101,934
Diluted weighted average shares outstanding ......... 103,016 102,994 103,357 102,791
(1) The quarter ended June 30, 2010 consisted of 14 weeks, while all other quarters consisted of
13 weeks.
Income from continuing operations for fiscal year 2011 included severance charges of $2.8 million, $0.9
million and $1.0 million in the first, second and third quarters, respectively. Lease termination charges of $1.2
million, $0.8 million and $1.0 million were incurred in the first, second and fourth quarters, respectively. Income
from continuing operations also included long-lived asset impairments of $1.1 million and $0.8 million in the
second and fourth quarters, respectively.
Income from continuing operations for fiscal year 2010 included long-lived asset impairments of $20.6
million and $4.6 million in the second and fourth quarters, respectively. Lease termination charges of $2.2
million and $4.0 million were also incurred in the first and third quarters, respectively.
Income from discontinued operations, net of taxes, in the fourth quarter of fiscal 2010 included a pre-tax
gain on the sale of On The Border of $16.5 million.
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