Cracker Barrel 2010 Annual Report Download - page 59

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Minimum Contingent Total
2010 $ 39,793 $ 519 $ 40,312
2009 33,929 535 34,464
2008 32,024 669 32,693
e following is a schedule by year of the future
minimum rental payments required under operating leases,
excluding leases for advertising billboards (see Note 2), as
of July 30, 2010.
Year
2011 $ 36,078
2012 36,248
2013 36,557
2014 36,988
2015 37,004
Later years 566,060
Total $ 748,935
e following is a schedule by year of future
minimum lease payments under capital leases, together
with the present value of the minimum lease payments
as of July 30, 2010:
Year
2011 $ 22
2012 22
2013 22
Total minimum lease payments 66
Less amount representing interest 6
Present value of minimum lease payments 60
Less current portion 19
Long-term portion of capital lease obligations $ 41
e following is a schedule by year of the future
minimum rental payments to be received under the
Company’s sublease, as of July 30, 2010.
Year
2011 $ 66
2012 67
2013 67
2014 67
2015 71
Later years 162
Total $ 500
18 QUARTERLY FINANCIAL DATA
UNAUDITED
Quarterly nancial data for 2010 and 2009 are summarized
as follows:
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
2010
Total revenue $ 581,183 $ 632,616 $ 578,233 $ 612,483
Gross prot 403,712 420,718 405,192 429,075
Income before
income taxes 26,215 36,092 19,645 33,757
Income from continuing
operations 18,024 25,393 14,428 27,413
Net income 18,024 25,393 14,428 27,413
Income from continuing
operations per share –
basic $ 0.79 $ 1.11 $ 0.62 $ 1.18
Net income per share –
basic $ 0.79 $ 1.11 $ 0.62 $ 1.18
Income from continuing
operations per share –
diluted $ 0.78 $ 1.09 $ 0.61 $ 1.14
Net income per share –
diluted $ 0.78 $ 1.09 $ 0.61 $ 1.14
2009
Total revenue $ 573,932 $ 630,182 $ 567,568 $ 595,603
Gross prot 392,575 407,689 391,241 410,871
Income before
income taxes 18,525 25,992 16,276 29,269
Income from continuing
operations 12,832 18,362 11,948 22,815
Net income 12,832 18,362 11,952 22,780
Income from continuing
operations per share –
basic $ 0.57 $ 0.82 $ 0.53 $ 1.01
Net income per share –
basic $ 0.57 $ 0.82 $ 0.53 $ 1.01
Income from continuing
operations per share –
diluted $ 0.57 $ 0.81 $ 0.52 $ 0.99
Net income per share –
diluted $ 0.57 $ 0.81 $ 0.52 $ 0.99
57