Texas Roadhouse, Inc. and SubsidiariesNotes to Consolidated Financial Statements(Tabular amounts in thousands, except share and per share data)F-29
On December 3, 2018, we acquired one franchise restaurant owned in part by our founder. This entity paid us fees
of $0.1 million for the year ended December 25, 2018. See note 4 for further discussion of this acquisition.
In addition, in 2018, our founder made a personal contribution of $1.0 million to cover a portion of the planned
expenses incurred as part of the annual managing partner conference which marked our 25th anniversary. This amount
was recorded as general and administrative expense on the consolidated statements of income and comprehensive
income and as additional paid-in-capital on the consolidated statements of stockholders’ equity.
(20) Selected Quarterly Financial Data (unaudited)
2018
First Second Third Fourth
Quarter Quarter Quarter Quarter Total
Revenue ...................................... $ 627,705 $ 629,237 $ 594,595 $ 605,912 $ 2,457,449
Total costs and expenses ......................... $ 562,834 $ 574,970 $ 559,151 $ 572,705 $ 2,269,660
Income from operations ......................... $ 64,871 $ 54,267 $ 35,444 $ 33,207 $ 187,789
Net income attributable to Texas Roadhouse, Inc.
and subsidiaries ................................ $ 54,541 $ 44,227 $ 29,125 $ 30,332 $ 158,225
Basic earnings per common share ................. $ 0.76 $ 0.62 $ 0.41 $ 0.42 $ 2.21
Diluted earnings per common share ................ $ 0.76 $ 0.62 $ 0.40 $ 0.42 $ 2.20
Cash dividends declared per share ................. $ 0.25 $ 0.25 $ 0.25 $ 0.25 $ 1.00
(^)
2017
First Second Third Fourth
Quarter Quarter Quarter Quarter Total
Revenue ...................................... $ 567,686 $ 566,262 $ 540,507 $ 545,076 $ 2,219,531
Total costs and expenses ......................... $ 518,664 $ 512,048 $ 494,996 $ 507,617 $ 2,033,325
Income from operations ......................... $ 49,022 $ 54,214 $ 45,511 $ 37,459 $ 186,206
Net income attributable to Texas Roadhouse, Inc.
and subsidiaries (a) ............................. $ 34,313 $ 37,581 $ 31,014 $ 28,618 $ 131,526
Basic earnings per common share (a) .............. $ 0.48 $ 0.53 $ 0.44 $ 0.40 $ 1.85
Diluted earnings per common share (a) ............. $ 0.48 $ 0.53 $ 0.43 $ 0.40 $ 1.84
Cash dividends declared per share ................. $ 0.21 $ 0.21 $ 0.21 $ 0.21 $ 0.84
(a) The first quarter of 2017 includes an after-tax charge of $9.2 million, or $0.13 per basic and diluted share, related to
the settlement of a legal matter. See note 13 for further discussion. The fourth quarter of 2017 includes an income
tax benefit of $3.1 million, or $0.04 per basic and diluted share, related to the enactment of new income tax
legislation. See note 9 for further discussion.