Item 6. SELECTED FINANCIAL DATA

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Item 6. SELECTED FINANCIAL DATA

Our selected consolidated financial data shown below should be read together with Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our consolidated financial statements and respective notes included in Item 8. “Financial Statements and Supplementary Data.” The data shown below are not necessarily indicative of results to be expected for any future period (in thousands, except per share data).



		Year ended December 31,
	2016		2015		2014		2013		2012
Statement of Income:
Revenue	$	3,904,384	$	4,501,223	$	4,108,269	$	3,214,591	$	2,731,224
Food, beverage and packaging costs		1,365,580		1,503,835		1,420,994		1,073,514		891,003
Labor costs		1,105,001		1,045,726		904,407		739,800		641,836
Occupancy costs		293,636		262,412		230,868		199,107		171,435
Other operating costs		641,953		514,963		434,244		347,401		286,610
General and administrative expenses		276,240		250,214		273,897		203,733		183,409
Depreciation and amortization		146,368		130,368		110,474		96,054		84,130
Pre-opening costs		17,162		16,922		15,609		15,511		11,909
Loss on disposal of assets		23,877		13,194		6,976		6,751		5,027
Total operating expenses		3,869,817		3,737,634		3,397,469		2,681,871		2,275,359
Income from operations		34,567		763,589		710,800		532,720		455,865
Interest and other income (expense), net		4,172		6,278		3,503		1,751		1,820
Income before income taxes		38,739		769,867		714,303		534,471		457,685
Provision for income taxes		(15,801)		(294,265)		(268,929)		(207,033)		(179,685)
Net income	$	22,938	$	475,602	$	445,374	$	327,438	$	278,000
Earnings per share
Basic	$	0.78	$	15.30	$	14.35	$	10.58	$	8.82
Diluted	$	0.77	$	15.10	$	14.13	$	10.47	$	8.75
Weighted average common shares outstanding
Basic		29,265		31,092		31,038		30,957		31,513
Diluted		29,770		31,494		31,512		31,281		31,783


		December 31,
	2016		2015		2014		2013		2012
Balance Sheet Data:
Total current assets	$	522,374	$	814,647	$	859,511	$	653,095	$	537,745
Total assets	$	2,026,103	$	2,725,066	$	2,527,317	$	1,996,068	$	1,659,805
Total current liabilities	$	281,793	$	279,942	$	245,710	$	199,228	$	186,852
Total liabilities	$	623,610	$	597,092	$	514,948	$	457,780	$	413,879
Total shareholders’ equity	$	1,402,493	$	2,127,974	$	2,012,369	$	1,538,288	$	1,245,926

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