Jack In The Box 2010 Annual Report Download - page 75

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Table of Contents



 
    
Revenues $ 776,673 $ 578,411 $ 575,722 $ 540,290
Earnings from operations 54,376 53,110 57,119 66,663
Net earnings 28,397 29,861 19,558 40,592
Net earnings per share:
Basic $ 0.50 $ 0.53 $ 0.34 $ 0.71
Diluted $ 0.49 $ 0.52 $ 0.34 $ 0.70
The results of operations for the quarter ending October 3, 2010 includes a charge related to the closure of 40 Jack in the Box
restaurants of $18.5 million, net of taxes, or $0.34 per basic and diluted share. Refer to Note 9, 
for additional information.
The results of operations for the quarter ending July 5, 2009 includes a charge of $14.1 million, net of taxes, or $0.25 and $0.24
per basic and diluted share, respectively, related to the sale of our Quick Stuff convenience stores. Refer to Note 2, 
for additional information.
 
In June 2009, the FASB issued authoritative guidance for consolidation, which changes the approach for determining which
enterprise has a controlling financial interest in variable interest entity and requires more frequent reassessments of whether an
enterprise is a primary beneficiary. This guidance is effective for annual periods beginning after November 15, 2009. We are
currently in the process of assessing the impact this guidance may have on our consolidated financial statements.
Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies that do not require
adoption until a future date are not expected to have a material impact on our consolidated financial statements upon adoption.
F-35