| Income Statement for McCormick & Schmick's Seafood Restaurants Inc. (MSSR) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | | | Operating Revenue | 358,647 | 308,323 | 278,813 | 238,757 | | Adjustments to Revenue | - | - | - | - | | Cost of Revenue | (303,911) | (259,023) | (235,100) | (202,517) | | Gross Operating Profit | 54,736 | 49,300 | 43,713 | 36,240 | | | Selling/General/Admin Expense | (26,693) | (19,543) | (17,601) | (18,696) | | Research & Development | - | - | - | - | | EBITDA | 28,043 | 29,757 | 26,112 | 17,544 | | Depreciation & Amortization | (11,940) | (10,640) | (9,608) | (10,765) | | EBIT | 16,103 | 19,117 | 16,504 | 6,779 | | Interest Income | 226 | 228 | - | - | | Other Income, Net | - | - | - | - | | Total Income Avail For Interest Expense | 10,902 | 19,345 | 16,504 | 5,491 | | Interest Expense | - | - | (550) | (8,439) | | Pre-Tax Income | 10,902 | 19,345 | 15,954 | (2,948) | | Income Taxes | (2,088) | (5,997) | (4,946) | 3,651 | | Minority Interest | - | - | - | - | | Net Income from Continuing Operations | 8,814 | 13,348 | 11,008 | 703 | | Net Income from Discontinued Operations | - | - | - | - | | Net Income from Total Operations | 8,814 | 13,348 | 11,008 | 703 | | | Normalized Income | 14,241 | 13,348 | 11,008 | 1,991 | | Extraordinary Income | - | - | - | - | | Special Income/Charges | (5,427) | - | - | (1,288) | | Income from Cum. Effect of Acct Change | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | | Other Gains | - | - | - | - | | Total Net Income | 8,814 | 13,348 | 11,008 | 703 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | - | - | - | - | | | Basic EPS from Continuing Operations | 0.60 | 0.94 | 0.80 | 0.07 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 0.60 | 0.94 | 0.80 | 0.07 | | | Diluted EPS from Continuing Operations | 0.60 | 0.92 | 0.78 | 0.07 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 0.60 | 0.92 | 0.78 | 0.07 | | | |
