Jack In The Box 2011 Annual Report Download - page 83

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Table of Contents


 (in thousands, except per share data)

 
    
Revenues $ 664,718 $ 505,135 $ 519,279 $ 504,166
Earnings from operations 54,636 14,069 32,953 40,975
Net earnings 32,401 6,802 18,745 22,652
Net earnings per share:
Basic $ 0.62 $ 0.14 $ 0.39 $ 0.50
Diluted $ 0.61 $ 0.13 $ 0.38 $ 0.49

 


    
Revenues $ 681,318 $ 529,706 $ 523,294 $ 563,213
Earnings from operations 43,730 31,150 41,848 5,182
Net earnings 24,247 17,680 24,242 4,041
Net earnings per share:
Basic $ 0.43 $ 0.32 $ 0.44 $ 0.08
Diluted $ 0.43 $ 0.32 $ 0.44 $ 0.07
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, Impairment, Disposal of Property and Equipment, and Restaurants
Closing Costs, for additional information.
 
In June 2011, the FASB issued ASU No. 2011-05, Presentation of Comprehensive Income, which was issued to enhance comparability between
entities that report under U.S. GAAP and IFRS, and to provide a more consistent method of presenting non-owner transactions that affect an entity’s
equity. ASU 2011-05 eliminates the option to report other comprehensive income and its components in the statement of changes in stockholders’ equity
and requires an entity to present the total of comprehensive income, the components of net income and the components of other comprehensive income
either in a single continuous statement or in two separate but consecutive statements. This pronouncement is effective for fiscal years, and interim
periods within those years, beginning after December 15, 2011. Early adoption of the new guidance is permitted, and full retrospective application is
required.
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-39