For the first six months of fiscal 2013, net income totaled $9.7 million or $0.17 per diluted share compared with net income of $7.2 million or $0.12 per diluted share for the same period in 2012. Excluding the items outlined below, net income and net income per diluted share increased 29% and 33%, respectively.
|Six Months Ended||Six Months Ended|
|February 28, 2013||February 29, 2012|
|Net||Diluted||Net||Diluted||Net Income||Diluted EPS|
|Income||EPS||Income||EPS||$||Change||% Change||$||Change||% Change|
|Reported - GAAP|
|After-tax loss from early extinguishment of debt|
|Retroactive tax benefit of WOTC and resolution of tax matters|
|Adjusted - Non-GAAP||$||9,282||$||0.16||$||7,176||$||0.12||$||2,106||29||%||$||0.04||33||%|
Company drive-in sales for the first six months of fiscal 2013 decreased by $6.8 million compared to the same period prior year primarily as a result of the refranchising of 34 company drive-ins during the second fiscal quarter of 2012 partially offset by an increase in same-store sales.
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