(20) Quarterly Financial Data (Unaudited)

Summarized unaudited quarterly financial data (amounts in thousands, except per share information):

During the third quarter of fiscal year 2014, the Company recorded an impairment loss aggregating $15.3 million pertaining to the assets of the Mitchell’s Restaurants. During the fourth quarter, the Company recorded a $1.8 million loss on the assets of the Mitchell’s Restaurants held for sale. The impairments and loss on assets held for sale are classified as discontinued operations.

During the third quarter of fiscal year 2013, the Company settled two loss claims asserted by the Company which previously arose and recognized an aggregate gain of $2.2 million, net of fees incurred. The majority of the gain pertained to compensation for the Company’s lost operating income awarded by the claims administrator pursuant to the settlement agreement reached in litigation related to the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. Of the total $2.2 million settlement gain, $437 thousand applied to Mitchell’s Restaurants and has been reclassified to discontinued operations. During the fourth quarter of fiscal year 2013, the Company recorded impairment losses aggregating $3.3 million and also recorded a $2.2 million reduction in other operating income attributable to a change in accounting method for gift card breakage revenue. The fiscal year 2013 impairment loss was primarily attributable to a $400 thousand impairment of an ancillary trademark, a $2.1 million impairment loss due to a decline in the estimated fair value of one restaurant’s assets (primarily leasehold improvements) and a $750 thousand lease termination penalty. The impairment losses and the legal termination penalty have been reclassified to discontinued operations.