California Pizza Kitchen opened its first restaurant In Beverly Hills in 1885. Almost immediately after...

90.2K

Verified Solution

Question

Accounting

imageimageimage

California Pizza Kitchen opened its first restaurant In Beverly Hills in 1885. Almost immediately after the first location opened, it expanded from California to more than 250 locations in more than 30 states and 11 countries. Califomia Pizza Kitchen completed an initial public offering in August 2000 and traded on the NASDAQ National Market under the ticker symbol CPKI. On July 7, 2011, Golden Gate Capital completed the acquisition of California Pizza Kitchen and, as a result of the acquisition, the company's common stock is no longer publicly traded. CALIFORNIA PIZZA KITCHEN, INC., AND SUBSIDIARIES Consolidated Statements of Operations Years ended January 2, 2011. January 3, 2010, and December 28, 2008 (amounts in thousands, except for per share data) 2010 2009 2008 Restaurant sales Royalties from licensing agreement Domestic franchise revenues International franchise revenues $640,956 $662,235 $680,966 7,080 3,407 2,271 6,622 3,750 2,553 8,239 3,334 2,228 Total revenues Costs and expenses: 653,881 576,036 693,724 Food, beverage and paper supplies 150,282 240,783 147,920 155,731 249,000 143,493 167,076 248,926 141,887 Direct operating and occupancy Cost of sales General and adiministrative Depreciation and amortization 538,985 52,981 38,556 3.419 18,989 1,888 8,809 543,224 53,041 41,731 1,993 23,191 557,889 41,849 Loss on impairment of property and equipment Store cosure costs Litigation, settlement and other costs 13,586 1,193 786 1,659 Total costs and expenses 683,607 670, 538 673,823 Operating (loss income (9,728) (12) 19,901 (1,474) expense, net (938) (LossVincome before income tax (benefityprovision (,738) (7,881) 18,427 4,054 4,580 Income tax (benefityprovision Net (loss)Vincome Net (loss Vincome per common share: S (1,857) 6,781 14,373 Basic S (0.07) 0.27 0.39 Diluted $ (0.07) 0.27 0.39 Weighted average shares used in calculating net (loss/income per common share: 24.638 Basic 24.214 25.343 Diluted 24.638 24.293 25.361

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students