Jack In The Box 2014 Annual Report Download - page 82
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in thousands, except per share data
Revenues
$ 450,081
$ 340,870
$ 348,492
$ 344,687
Earnings from operations
$ 57,204
$ 32,879
$ 43,000
$ 29,225
Net earnings
$ 32,286
$ 15,801
$ 24,703
$ 16,160
Net earnings per share:
Basic
$ 0.76
$ 0.38
$ 0.62
$ 0.41
Diluted
$ 0.74
$ 0.37
$ 0.61
$ 0.40
Revenues
$ 454,335
$ 347,222
$ 350,329
$ 337,981
Earnings from operations
$ 43,175
$ 27,447
$ 30,884
$ 36,699
Net earnings (losses)
$ 20,689
$ 13,291
$ (5,656)
$ 22,828
Net earnings (losses) per share:
Basic
$ 0.48
$ 0.30
$ (0.13)
$ 0.53
Diluted
$ 0.47
$ 0.29
$ (0.12)
$ 0.51
During the quarter ended September 28, 2014, we recorded an adjustment to decrease tax expense by $2.1 million due to the impact of a change in state tax
law enacted July 2013 related to California enterprise zone tax credits. During the quarter ended July 7, 2013, we recorded charges of $22.6 million, or $0.52
and $0.50 per basic and diluted earnings per share, respectively, in connection with the 2013 Qdoba Closures. Refer to Note 2, Discontinued Operations, for
additional information.
Stock repurchase authorization — On November 13, 2014, the Board of Directors authorized an additional $100 million stock-buyback program that expires
in November 2016.
Declaration of dividend— On November 13, 2014, the Board of Directors declared a cash dividend of $0.20 per share, to be paid on December 12, 2014 to
shareholders of record as of the close of business on December 1, 2014. Future dividends will be subject to approval by our Board of Directors.
F-38