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฀
84
21.฀฀Quarterly฀Data฀-฀Unaudited,฀in฀Thousands,฀except฀Per฀Share฀Data฀(continued)฀฀
฀
All฀ quarterly฀ information฀ above฀ except฀ for฀ the฀ fourth฀ quarter฀ of฀ 2012฀ is฀ presented฀ in฀ 13-week฀ periods.฀
The฀ fourth฀ quarter฀ of฀ 2012฀ includes฀a฀ 14-week฀ period,฀ which฀ increased฀ revenues฀ approximately฀ $21.5฀
million฀ and฀ increased฀ operating฀ income฀ approximately฀ $4.1฀ million,฀ or฀ $0.05฀ per฀ diluted฀ share.฀ The฀
Incentive฀ Contribution฀ reduced฀ first฀ quarter฀ 2012฀ operating฀ income฀ by฀ approximately฀ $3.7฀ million,฀ or฀
$0.05฀ per฀ diluted฀ share,฀ and฀ increased฀ each฀ of฀ the฀ second,฀ third฀ and฀ fourth฀ quarters฀ of฀ 2012฀ and฀ each฀
quarter฀ of฀ 2013฀ by฀ approximately฀ $250,000.฀ The฀ impact฀ of฀ the฀ 53
rd
฀ week฀ of฀ operations฀ in฀ 2012฀ was฀
substantially฀ offset฀ by฀ the฀ Incentive฀ Contribution฀ on฀ a฀ full-year฀ basis.฀ See฀ “Items฀ Impacting฀
Comparability;฀Non-GAAP฀Measures”฀of฀“Item฀7.฀Management’s฀Discussion฀and฀Analysis฀of฀Financial฀
Condition฀and฀Results฀of฀Operations”฀for฀additional฀information.฀
฀
Quarterly฀earnings฀per฀share฀on฀a฀full-year฀basis฀may฀not฀agree฀to฀the฀consolidated฀statements฀of฀income฀
due฀to฀rounding.฀
฀
Item฀9.฀Changes฀in฀and฀Disagreements฀with฀Accountants฀on฀Accounting฀and฀Financial฀Disclosure฀
฀
None.฀
฀
Item฀9A.฀Controls฀and฀Procedures฀
฀
(a) Evaluation฀of฀Disclosure฀Controls฀and฀Procedures฀
฀
As฀of฀the฀end฀of฀the฀period฀covered฀by฀this฀report,฀we฀carried฀out฀an฀evaluation,฀under฀the฀supervision฀and฀
with฀ the฀ participation฀ of฀ our฀ management,฀ including฀ our฀ Chief฀ Executive฀ Officer฀ (“CEO”)฀ and฀ Chief฀
Financial฀Officer฀(“CFO”),฀of฀the฀effectiveness฀of฀our฀disclosure฀controls฀and฀procedures฀(as฀defined฀in฀
Rules฀ 13a-15(e)฀ and฀ 15d-15(e)฀ of฀ the฀ Exchange฀ Act).฀ Based฀ upon฀ this฀ evaluation,฀ the฀ CEO฀ and฀ CFO฀
concluded฀that฀the฀Company’s฀disclosure฀controls฀and฀procedures฀are฀effective.฀
฀
(b) Management’s฀Report฀on฀our฀Internal฀Control฀over฀Financial฀Reporting฀
฀
Our฀management฀is฀responsible฀for฀establishing฀and฀maintaining฀adequate฀internal฀control฀over฀financial฀
reporting,฀as฀such฀term฀is฀defined฀in฀Rule฀13a-15(f)฀promulgated฀ under฀the฀Exchange฀Act.฀Our฀internal฀
control฀system฀is฀designed฀to฀provide฀reasonable฀assurance฀to฀our฀management฀and฀the฀board฀of฀directors฀
regarding฀ the฀ preparation฀ and฀ fair฀ presentation฀ of฀ published฀ financial฀ statements.฀ All฀ internal฀ control฀
systems,฀ no฀ matter฀ how฀ well฀ designed,฀ have฀ inherent฀ limitations.฀ Therefore,฀ even฀ those฀ systems฀
determined฀ to฀ be฀ effective฀ can฀ provide฀ only฀ reasonable฀ assurance฀ with฀ respect฀ to฀ financial฀ statement฀
preparation฀and฀presentation.฀฀
฀
Under฀the฀supervision฀and฀with฀the฀participation฀of฀ our฀management,฀including฀our฀CEO฀ and฀CFO,฀we฀
conducted฀an฀evaluation฀of฀the฀effectiveness฀of฀our฀internal฀control฀over฀financial฀reporting฀based฀on฀the฀
1992฀ framework฀ established฀ in฀
Internal฀ Control฀ –฀ Integrated฀ Framework
฀ issued฀ by฀ the฀ Committee฀ of฀
Sponsoring฀ Organizations฀ of฀ the฀ Treadway฀ Commission.฀ Based฀ on฀ our฀ evaluation฀ under฀ the฀ 1992฀
framework฀established฀in฀
Internal฀Control฀–฀Integrated฀Framework
,฀our฀management฀concluded฀that฀our฀
internal฀control฀over฀financial฀reporting฀was฀effective฀as฀of฀December฀29,฀2013.฀
฀
Ernst฀ &฀ Young฀ LLP,฀ an฀ independent฀ registered฀ public฀ accounting฀ firm,฀ has฀ audited฀ the฀ Consolidated฀
Financial฀Statements฀included฀in฀this฀Annual฀Report฀on฀Form฀10-K฀and,฀as฀part฀of฀its฀audit,฀has฀issued฀an฀
attestation฀report,฀included฀herein,฀on฀the฀effectiveness฀of฀our฀internal฀control฀over฀financial฀reporting.฀
฀฀