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Wilshire Restaurant Group, Inc. Unaudited 2005 Quarterly Consolidated Statements of Operations

09/08/2006

($ in thousands)

  

1st Qtr Ended

 

2nd Qtr Ended

 

3rd Qtr Ended

 

4th Qtr Ended

 

Year Ended

 

 

03/31/05

 

06/29/05

  

09/29/05

 

12/29/05

 

12/29/05

Revenues

                    

Food and
beverage
sales

   $     57,643   $     53,503   $    50,167   $    67,819   $229,132

Franchise and
license fees

   2,098   2,074   2,149   2,470   8,791

Other income

              190               241              159             212            802
    59,931   55,818   52,475   70,501   238,725
                     

Costs and 
expenses

                    

Salaries and
wages

   18,027   17,476   16,783   18,653   70,939

Food and
beverage

   19,175   17,565   15,860   22,336   74,936

Operating
expenses

   11,431   11,000   10,756   13,627   46,814

Interest

   4,184   5,831   5,356   5,495   20,866

Occupancy
costs

   3,998   3,610   3,694   4,263   15,565

General and administrative

   2,984   3,028   2,781   2,282   11,075

Depreciation
and amortization

   1,699   1,820   1,736   2,750   8,005

Store closure
expenses,
asset impairment
and other

  

 

(4)

  

 

373

  

 

8

  

 

 1,847

  

 

 2,224

Management
service fees

   525   525   525   359   1,934

Minority
interests

   119   59   40   380   598

Preopening
costs

                   -               430            _  46                3            479

 

           62,138           61,717      _ 57,585        71,995     253,435
           

Loss before
income taxes 

    (2,207)    (5,899)   (5,110)    (1,494)   (14,710) 

Income tax
expense

                   -                   -            _    -            (12)    _     (12)

Net loss

   $     (2,207)   $     (5,899)   $  _(5,110)   $   (1,506)   $(14,722)

 

  
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