RETURN TO 10-K INDEX

 

RED ROBIN GOURMET BURGERS, INC.

 

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

 

available for future purchases at December 29, 2002. Generally, all of the Company’s officers and employees who have been employed by the Company for at least one year and who are regularly scheduled to work more than twenty hours per week are eligible to participate in the 2002 ESPP. The 2002 ESPP will generally operate in successive six-month periods, or offering periods, commencing on each January 1 and July 1, beginning January 1, 2003.

 

Employee Defined Contribution Plan—In 1990, the Company adopted the Red Robin International 401(k) Savings Plan (the 401k Plan) which covers substantially all of its eligible employees. The 401k Plan, which qualifies under Section 401(k) of the Internal Revenue Code, allows employees to defer specified percentages of their compensation (as defined) in a tax-exempt trust. The Company may make matching contributions in an amount determined by the Board of Directors. In addition, the Company may contribute each period, at its discretion, an additional amount from profits. There were no Company contributions for the fiscal year ended 2002, 2001, and 2000.

 

19.    Quarterly Results of Operations (Unaudited)

 

The following summarizes the Company’s unaudited quarterly results of operations for 2002 and 2001:

 

    

16 Weeks Ended

   

12 Weeks Ended

Year Ended December 29, 2002

   

April 21

   

July 14

   

October 6

   

December 29

Total revenues

   

$

79,201,061

   

$

65,056,022

   

$

64,585,717

   

$

65,567,574

Income from operations

   

 

5,992,649

   

 

5,863,725

   

 

5,662,108

   

 

4,541,437

Net income

   

 

2,475,532

   

 

2,732,213

   

 

389,212

   

 

2,666,372

Basic earnings per share

   

 

0.25

   

 

0.27

   

 

0.03

   

 

0.18

Diluted earnings per share

   

$

0.23

   

$

0.25

   

$

0.03

   

$

0.18

Year Ended December 30, 2001

   

April 22

   

July 15

   

October 7

   

December 30

Total revenues

   

$

67,513,549

   

$

52,039,640

   

$

52,034,502

   

$

52,897,071

Income from operations

   

 

5,126,952

   

 

5,140,087

   

 

4,450,076

   

 

4,023,342

Net income

   

 

1,871,350

   

 

2,372,199

   

 

1,830,315

   

 

1,650,142

Basic earnings per share

   

 

0.19

   

 

0.24

   

 

0.18

   

 

0.16

Diluted earnings per share

   

$

0.18

   

$

0.23

   

$

0.18

   

$

0.16

 

 

 

 

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