(Dollars in thousands, except share and per share amounts)		Thirteen Weeks Ended April 2, 2013				Thirteen Weeks Ended July 2, 2013				Thirteen Weeks Ended October 1, 2013				Thirteen Weeks Ended December 31, 2013
Revenue:
Company stores		$	51,769			$	63,365			$	57,405		$		40,348
Franchise and other revenue			3,916				4,469				4,269				3,708
Total revenue			55,685				67,834				61,674				44,056
Costs and operating expenses (income):
Cost of sales			12,404				14,858				14,592				10,357
Labor			15,755				16,849				15,862				13,549
Occupancy			7,376				7,319				7,405				7,250
Store operating			8,786				9,090				9,373				7,737
Depreciation and amortization			2,772				2,768				2,808				2,626
General and administrative			9,169				10,237				8,377				9,988
Impairment of long-lived assets			107				167				217				237
Other operating, net			619				(97	)			(284	)			(1,392	)
Total costs and operating expenses			56,988				61,191				58,350				50,352
(Loss) income from operations			(1,303	)			6,643				3,324				(6,296	)
Other income (expense):
Interest income			—				—				1				8
Interest expense			(78	)			(59	)			(54	)			(51	)
Total other (expense) income, net			(78	)			(59	)			(53	)			(43	)
(Loss) income before income taxes			(1,381	)			6,584				3,271				(6,339	)
Income tax benefit (expense)			139				(234	)			(576	)			616
Net (loss) income			(1,242	)			6,350				2,695				(5,723	)
Redeemable preferred stock dividends and deemed dividends			(484	)			(104	)			—				—
Net (loss) income attributable to common stockholders		$	(1,726	)		$	6,246			$	2,695			$	(5,723	)
(Loss) earnings per share:
Basic		$	(0.11	)		$	0.37			$	0.16			$	(0.33	)
Diluted		$	(0.11	)		$	0.36			$	0.15			$	(0.33	)

Per share data have been adjusted for all periods presented to reflect the five-for-one reverse stock split effective May 31, 2013.

During the fourth quarter of fiscal 2013, the Company corrected a classification error in its accounting for payments to resellers of jambacards, for the first three quarters of 2013. Management evaluated the materiality of the errors from qualitative and quantitative perspectives and concluded that the errors were immaterial to the current year and all fiscal quarters of 2013. The Company has revised the amounts related to Q1 through Q3 of fiscal 2013 in preparing the accompanying consolidated financial statements of operations for fiscal quarters of 2013, and will also revise its quarterly historical financial statements when they are published in future filings. The correction of the immaterial error resulted in an increase in Company Store revenue and a corresponding increase in Store operating expense. For the fiscal quarters ended April 2, 2013, July 2, 2013 and October 1, 2013, the correction to Company Store revenue and Store operating expense was $0.6 million, $0.6 million and $0.3 million, respectively.

On June 14, 2013, the holders of Series B preferred stock completed the conversion of all their shares, resulting in no dividend payments after that date. As of December 31, 2013, there were no shares of Series B preferred stock issued and outstanding.

The sum of earnings (loss) per share for all four quarters may not equal the earnings per share of the fiscal year due to rounding.

 

(Dollars in thousands, except share and per share amounts)		Thirteen Weeks Ended April 3, 2012				Thirteen Weeks Ended July 3, 2012				Thirteen Weeks Ended October 2, 2012				Thirteen Weeks Ended January 1, 2013
Revenue:
Company stores		$	50,025			$	62,530			$	61,795			$	40,775
Franchise and other revenue			3,022				3,514				3,687				3,441
Total revenue			53,047				66,044				65,482				44,216
Costs and operating expenses (income):
Cost of sales			11,611				13,975				14,918				9,711
Labor			15,408				17,148				16,457				14,073
Occupancy			7,418				7,326				7,353				7,376
Store operating			7,875				8,955				9,328				7,454
Depreciation and amortization			2,922				2,813				2,793				2,534
General and administrative			8,639				10,823				9,663				11,646
Impairment of long-lived assets			386				175				75				75
Other operating, net			433				(200	)			347				(1,334	)
Total costs and operating expenses			54,692				61,015				60,934				51,535
(Loss) income from operations			(1,645	)			5,029				4,548				(7,319	)
Other income (expense):
Interest income			20				20				21				—
Interest expense			(117	)			22				(52	)			(70	)
Total other (expense) income, net			(97	)			42				(31	)			(70	)
(Loss) income before income taxes			(1,742	)			5,071				4,517				(7,389	)
Income tax benefit (expense)			232				(453	)			(413	)			479
Net (loss) income			(1,510	)			4,618				4,104				(6,910	)
Redeemable preferred stock dividends and deemed dividends			(481	)			(472	)			(1,123	)			(105	)
Net (loss) income attributable to common stockholders		$	(1,991	)		$	4,146			$	2,981			$	(7,015	)
(Loss) earnings per share:
Basic		$	(0.15	)		$	0.31			$	0.21			$	(0.45	)
Diluted		$	(0.15	)		$	0.31			$	0.21			$	(0.45	)

Per share data have been adjusted for all periods presented to reflect the five-for-one reverse stock split effective May 31, 2013.

During the third quarter of fiscal 2012, holders of 93,500 shares of outstanding Series B-1 Preferred Stock and 2,000 shares of outstanding Series B-2 Preferred Stock converted such stock into an aggregate of 1,910,000 shares of common stock. As a result, related accretion or deemed dividends of $0.7 million was accelerated and recognized in the quarter.

The sum of earnings (loss) per share for all four quarters may not equal the loss per share of the fiscal year due to rounding.