Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can someone help me with this probelm? Thanks CALIFORNIA PIZZA KITCHEN, INC., AND SUBSIDIARIES Consolidated Statements of Operations Years ended January 2, 2011, January 3,

Can someone help me with this probelm? Thanksimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

CALIFORNIA PIZZA KITCHEN, INC., AND SUBSIDIARIES Consolidated Statements of Operations Years ended January 2, 2011, January 3, 2010, and December 28, 2008 (amounts in thousands, except for per share data) 2010 2009 2008 Revenues: $630,606 $652,185 $665,616 Restaurant sales 6,122 7,739 6,580 Royalties from licensing agreement 2,757 Domestic franchise revenues 3,100 2,684 International franchise revenues 2,403 2,078 2,121 Total revenues 642,231 664,686 677,074 Costs and expenses: 165,526 154,181 Food, beverage and paper supplies 148,732 247,350 247,276 237,133 abor 140,367 Direct operating and occupancy 42,420 141,973 Cost of sales 528,285 543,504. 553,169 General and administrative 50,731 50,791 51,642 37,006 Depreciation and amortization 40,181 40,299 Pre-opening costs 3,269 1,843 4,478 Loss on impairment of property and equipment 18,702 22,941 13,336 1,033 Store closure costs 1,708 539 1,609 736 Litigation, settlement and other costs 8,759 648,460 661,408 664,693 Total costs and expenses (6,229) Operating (loss) income 3,278 12,381 Interest expense, net (16) (788) (1,324) (Loss)/income before income tax (benefit)/provision (6,245) 2,490 11,057 Income tax (benefit)/provision (5,839) (2,091) 2,395 (406) 4,581 8,662 Net (loss) income Net (loss) income per common share (0.02) 0.34 Basic 0.19 (0.02) 0.34 Diluted 0.19 Weighted average shares used in calculating net (loss)/income per common share: Basic 24.488 24.064 25.193 Diluted 24.488 24.143 25.211

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

A Biodiversity Audit For Lotopue Mangrove Forests

Authors: Sapa Saifaleupolu, Fiu Mataese Elisara

1st Edition

6200288674, 978-6200288677

More Books

Students also viewed these Accounting questions

Question

2. What are the different types of networks?

Answered: 1 week ago