NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday: Comcast Corp., up 91 cents to $34.26 The cable company had a solid first quarter and offered to buy U.K. broadcaster Sky for $30 billion. Texas Instruments Inc., up $4.58 to $103 The chipmaker's profit and revenue came out ahead of Wall Street projections. Edwards Lifesciences Corp., down $5.15 to $129.52 The medical device maker reported weak sales, and analysts were concerned about sales of a key heart device. General Dynamics Corp., down $7.49 to $214.53 Defense contractors continued to struggle as investors were worried about their cash flows. Norfolk Southern Corp., up $10.99 to $145. Reported by SeattlePI.com 28 minutes ago.

DALLAS, April 25, 2018 (GLOBE NEWSWIRE) -- Texas Capital Bancshares, Inc. (NASDAQ:TCBI), the parent company of Texas Capital Bank, and their board of directors declared a cash dividend of $0.40625 per share of the non-cumulative perpetual preferred stock, Series A, which is traded on the NASDAQ under the symbol “TCBIP”. The Series A Preferred Stock dividend is payable on June 15, 2018, to shareholders of record at the close of business on June 1, 2018.*ABOUT TEXAS CAPITAL BANCSHARES, INC.*
Texas Capital Bancshares, Inc. (NASDAQ:TCBI), a member of the Russell 2000® Index and the S&P MidCap 400®, is the parent company of Texas Capital Bank, a commercial bank that delivers highly personalized financial services to businesses and entrepreneurs.  Headquartered in Dallas, the bank has full-service locations in Austin, Dallas, Fort Worth, Houston and San Antonio.

*INVESTOR CONTACT*
Heather Worley, 214.932.6646
heather.worley@texascapitalbank.com Reported by GlobeNewswire 20 minutes ago.

___Detroit at Pittsburgh, ppd.Tampa Bay at Baltimore, ppd.Seattle 1, Chicago White Sox 0Chicago Cubs 10, Cleveland 3N.Y. Yankees 8, Minnesota 3Toronto 4, Boston 3, 10 inningsOakland 3, Texas 2L.A. Angels 8, Houston... Reported by New Zealand Herald 7 minutes ago.

Reported by DallasNews 21 minutes ago.

Reported by SeekingAlpha 15 minutes ago.

NEWARK, N.J. (AP) — The widow of maverick automaker John DeLorean alleges a Texas company has illegally received money from the “Back to the Future” movies that used his iconic car. The car was featured in the 1985 movie and a 1989 sequel. DeLorean died in 2005. Sally DeLorean claims Universal agreed in 1989 to […] Reported by Seattle Times 12 minutes ago.

ARLINGTON, Texas (AP) As Roger Goodell and Jerry Jones sat side by side chatting, then grabbed shovels at a junior high school to dedicate a new field, they sure seemed chummy. Reported by FOX Sports 2 minutes ago.

As more communities in the San Antonio area seek to woo companies, they are also pursuing the training needed to develop more talent. The latest examples are New Braunfels and Seguin, two areas ripe for economic wins, which are teaming on such an effort. The Seguin Economic Development Corp. and the New Braunfels Industrial Development Corp. have joined with Workforce Solutions Alamo to fund more than $130,000 in equipment for computer numerical control training at the Central Texas Technology Center.… Reported by bizjournals 3 hours ago.

TriHonda Dealer Association Selects Horizon Media as Media AOR for New York, New Jersey and Connecticut

NEW YORK, April 26, 2018 (GLOBE NEWSWIRE) -- Horizon Media, a global leader in data and marketing insights, announced today that it had been awarded Agency of Record (AOR) media duties for TriHonda, the Honda dealership advertising association comprised of 61 dealerships across one of Honda’s most important sales regions, covering New York, New Jersey and Connecticut.

The announcement comes after a three-month competitive review managed by R3 consultants that included holding company contenders. The agencies were challenged to bring an ROI mindset and cross-channel approach to one of Honda’s most important markets. Horizon differentiated itself throughout the process by leveraging its retail expertise, a unique perspective of the consumer journey, by providing a more insightful approach to multicultural marketing and by elevating the conversation around data and insights. Ultimately, Horizon’s shared commitment to an entrepreneurial mindset and relentless pursuit of a better way delivered for TriHonda an insightful and fully transparent approach to maximizing every aspect of their paid, owned and earned media to drive unit sales.

“The TriHonda Dealer Association is comprised of a group of incredibly strategic, thoughtful and driven entrepreneurs. Beyond the tools, systems, processes and resources that every agency possesses, I think the TriHonda team saw in Horizon a similar entrepreneurial spirit,” said Stan Fields, EVP Chief Client Officer at Horizon. “We go further to develop insights driven by data and a deeper understanding of consumer needs, wants, values and motivations. We strive harder to link this knowledge to more efficient, engaging and effective media environments. And we don’t stop until we have modelled every scenario to build a holistic strategy capable of evolving to marketplace feedback.”

“The automotive category is notoriously competitive, and Horizon brought an ROI mindset, transparency and accountability to a potentially daunting assignment. We are judged by results on a daily basis,” said Rob Sabbagh – President of TriHonda Dealer Association. “Our dealers tasked us with bringing on marketing leadership who could have an immediate positive impact on sales. We are an association of hardworking entrepreneurs who want every dollar of our marketing budget to have a singular focus of driving our businesses to the next level. We met with some very impressive agencies but, more than anybody else, Horizon was quite simply more heavily invested in our success and will help us to harness every insight and every hard-earned dollar in the advancement of Honda unit sales.”

Horizon currently manages the North Texas Honda Dealer Association andhas handled the Southern California Dealer Advertising Association business for the past 12 years during which time it has helped the SoCal Honda dealers become the highest performing Honda dealer association in the country by volume sales. This proven track record and expertise translates well into the Tri-state area which, like Southern California, is one of the nation’s most diverse audiences. The TriHonda dealer association will rely upon the leadership of Horizon’s dedicated multicultural teams, along with Horizon’s unparalleled knowledge and insight of the local New York, New Jersey and Connecticut markets. Together, this will enable TriHonda to enhance creativity and effectiveness across all of its local market campaigns and capture every ounce of opportunity in translating awareness into sales.

*About Horizon Media*
Horizon Media, Inc. is a global leader in data and marketing insights. The company was founded in 1989, is headquartered in New York with offices in Los Angeles and Toronto. Recognized as one of the world’s ten most innovative marketing and advertising companies by Fast Company, Horizon Media has been recognized as U.S. Media Agency of the Year by Adweek and AdAge, and Independent Media Agency of the Year by Mediapost. Renowned for its incredible culture, Horizon is also consistently named to all the prestigious annual Best Places to Work lists published by Fortune, AdAge, Crain’s New York Business and Los Angeles Business Journal. Bill Koenigsberg served as the Chairman of the 4A’s Board of Directors from 2014 to 2017, and currently serves as Vice Chair of the 4A’s Board of Directors. Bill was the first person from a media agency to hold this prestigious position in the 100-year history of the 4As, the marketing industry’s leading trade association. Horizon Media is the third largest US media agency (COMvergence Agency Report 2017), with estimated billings of $8 billion and over 2,000 employees.

*For further information please contact*
Horizon Media
Stephen Hall
(212) 220-1744
shall@horizonmedia.com Reported by GlobeNewswire 3 hours ago.

Samples of implants to be shown at upcoming American Society of Aesthetic Plastic Surgery meeting in New York City on April 28-30, 2018

DALLAS (PRWEB) April 26, 2018

Ideal Implant Incorporated announced today that they received FDA approval to manufacture their Structured Breast Implant at Vesta, a Lubrizol LifeSciences company and a leading medical device contract manufacturer of silicone products and other medical devices, as of March 13, 2018.

Robert S. Hamas, MD –Chief Executive Officer of Ideal Implant Incorporated, stated, “This new partnership with Vesta, significantly increases IDEAL IMPLANT® production volume, while also allowing for refinements to the manufacturing process. We now have the manufacturing capacity to grow our share of the U.S. and Canadian breast implant markets and expand into international markets.”

Dr. Hamas continued, “Vesta will be a great asset to the growth of Ideal Implant and we look forward to providing board certified plastic surgeons our implants from this high-quality US manufacturer. “

Ideal Implant will be a participant in the upcoming American Society of Aesthetic Plastic Surgery (ASAPS) meeting at the Jacob Javits Center in New York City on April 28-30, 2018. Samples of the new product will be on display in the company’s booth #163.

About Ideal Implant Incorporated

Headquartered in Dallas, Texas, Ideal Implant Incorporated is a breast implant company founded by Robert S. Hamas, MD who also invented the IDEAL IMPLANT after years of dealing with ruptured silicone gel implants and listening to patients concerns. Dr. Hamas realized that women wanted a new type of breast implant – one that would combine the natural feel of a silicone gel implant with only saline inside for safety and peace of mind.

Today, Ideal Implant Incorporated is majority owned by plastic surgeons, making it the “Plastic Surgeons’ Breast Implant Company.” Because of this, the company has a strong focus on patient care and safety, with particular emphasis on attention to detail and quality control in manufacturing of the IDEAL IMPLANT. For more information, please visit the company’s website at idealimplant.com

About Vesta

Headquartered in Franklin, Wisconsin, Vest Intermediate Funding, Inc. (“Vesta”) is a Lubrizol LifeSciences company. Vesta has more than 40 years of experience serving the medical device industry. Vesta’s quality competency and reliability have earned the company business relationships with hundreds of OEMs worldwide. For more information, please visit the company’s website at http://www.vestainc.com or contact Vesta at info(at)vestainc(dot)com. Reported by PRWeb 3 hours ago.

While everybody is busy looking at press photos of the new BMW M5, somebody in Abu Dhabi already got his delivered. Check out this dark beauty and tell us BMW doesn't have the best color palette in the world! Azurite Black is a really cool but uncommon color. This is what I'd imagine fresh oil in Texas looked like in the 1900's. But I've only seen it in There Will Be Blood, so just ignore what I say. Reported by autoevolution 2 hours ago.

GEORGETOWN, Texas--(BUSINESS WIRE)--DisperSol has equity commitments for $27 million. DST-0509, its hematology drug for iron overload disorder, is moving forward into phase II trials. Reported by Business Wire 2 hours ago.

Personify, the leading provider of integrated solutions for constituent-focused organizations, wrapped up the 19th annual PersoniFest users conference in Austin where Personify Hub was unveiled, which is an integration platform as a service that connects a broad ecosystem of best-of-breed industry solutions such as Marketo, Salesforce and Survey Monkey, to the Personify suite of products.

Austin, Texas (PRWEB) April 26, 2018

Personify, the leading provider of integrated solutions for constituent-focused organizations, wrapped up the 19th annual PersoniFest users conference in Austin. The conference, which had the highest attendance of any PersoniFest, serves as a forum for Personify clients, partners and consultants to share knowledge and best practices in the fields of technology, membership management, finance and member experiences within the non-profit and association sectors.

At the event, Chief Technology Officer, Dave Cooper, unveiled the new Personify Hub, an integration platform as a service that connects a broad ecosystem of best-of-breed industry solutions such as Marketo, Salesforce and Survey Monkey, to the Personify suite of products.

“This will revolutionize an organization’s ability to connect multiple technology solutions into the Personify member management database,” said Dave Cooper. “Disparate data can now flow seamlessly into Personify as a single source of truth, enabling our clients to see a full 360-degree view of engagement and interaction with constituents across multiple channels.”

The Personify Hub is built on Personify’s powerful Novus API’s, giving organizations a deeper level of interoperability, flexibility, and extensibility. PersonifyGO leverages this foundation to provide unparalleled access and ease of use. With this modern architecture, Personify once again demonstrates its market leadership in supporting association, non-profit and chapter innovation and technological advancements.

The Society of Hospital Medicine (SHM) recently embarked on a significant digital transformation across their organization to connect hospital professionals to resources supporting improved patient care. The organization leveraged their member interactions housed within the PersonifyGO system to understand their member experience across platforms.

“By mapping this journey,” said Kim Russell, Data Operations lead at SHM, “we learned how our members engaged with outreach efforts supporting a refinement of their experience through all Personify systems, most recently PersonifyGO. Aligning relevant programs to our members’ wants, allowed us to gain efficiencies and better serve our members and our mission.”

PersoniFest 2018 also included the Persi Awards to recognize the impact and achievements that Personify’s mission-driven, member-focused clients have made in the past year. Winners include the Alzheimer’s Association, the American Optometric Association, Carroll University and more. See a full list of the 2018 award winners.

With an expansive program, PersoniFest included training boot camps for beginner and advanced users, a full day dedicated to developers and power users, and over 65 sessions across these tracks:·     Business and Technology
·     Collaboration and Engagement
·     Leadership and Strategy
·     Reporting and Data Quality
·     Training

The sessions include extensive opportunities for clients and staff to further their technical and managerial expertise in constituent management and engagement and offered more than 25 Certified Association Executive (CAE) credentials. At the conclusion of the conference, Personify announced that PersoniFest is headed to Savannah, Georgia on April 7-10, 2019.

###

About Personify
Personify is the leading solution provider that empowers the best constituent-focused organizations to succeed. Personify’s suite of products and services enable organizations to better understand, engage, manage and monetize the relationships with their constituents in a manner that benefits everyone involved. As an organization’s technology foundation, Personify captures and provides insight across all constituent interactions, allowing them to maximize engagement and drive revenue. For more information, visit personifycorp.com. Reported by PRWeb 2 hours ago.

Billion-dollar Department of Defense contracts are rare. But it's all in a day's work for Karl Fisher, who guides the Applied Research Laboratories at the University of Texas at Austin. Among other things, it focuses on underwater acoustics research for the U.S. Navy. Reported by bizjournals 1 hour ago.

After two years of planning, a retail development in greater Houston is getting a makeover.  Houston-based Edifis Group announced that it will redevelop the 8.4-acre Palmer Plaza in Texas City, according to a recent press release. The $3.5 million project includes adding new tenants and improving the aesthetics with better lighting, signage and landscaping as well as removing overhead lines.  The new tenants include Aldi, Ross Dress for Less and Chick-fil-A, and more leases will be announced… Reported by bizjournals 1 hour ago.

Declares Quarterly Cash Dividend of $0.11 Per Share

HUNTINGTON BEACH, Calif., April 26, 2018 (GLOBE NEWSWIRE) -- BJ’s Restaurants, Inc. (NASDAQ:BJRI) today reported financial results for its fiscal 2018 first quarter ended Tuesday, April 3, 2018.*First Quarter 2018 Highlights Compared to First Quarter 2017*

· Total revenues grew 8.0% to $278.5 million (non-GAAP total revenues increased 8.2% to $279.0 million when excluding the impact from the 2018 first quarter adoption of Accounting Standards Update (“ASU”) 2016-10 related to Revenue from Contracts with Customers) 
· Total restaurant operating weeks increased approximately 5%  
· Comparable restaurant sales increased 4.2%  
· Net income increased 58.3% to $14.7 million from $9.3 million (first quarter 2018 net income includes a $1.1 million excess tax benefit from equity awards, offset by the $0.7 million pre-tax impact from the adoption of ASU 2016-10) 
· Diluted net income per share increased 67.6% to $0.70 from $0.42 (first quarter 2018 diluted net income per share includes a $0.05 excess tax benefit from equity awards, partially offset by a $0.02 reduction in diluted net income per share from the adoption of ASU 2016-10)

“The sales building initiatives we implemented last year continue to resonate with our guests, leading to strong 2018 first quarter revenue, comparable restaurant sales, restaurant and consolidated operating margins, and diluted net income per share,” commented Greg Trojan, CEO. “Led by our slow roast menu items, Daily Brewhouse Specials, our handheld server tablets and investments in our off-premise channels, our teams drove 4.2% growth in comparable restaurant sales, a 0.4% increase in guest traffic, a 27.0% rise in operating income and a 30 basis point year-over-year improvement in restaurant operating margins, which together led to a 59.5% increase in diluted net income per share before the excess tax benefit and new accounting standard. Our solid first quarter bottom line results highlight the significant operating leverage in our model, as well as our ongoing commitment to return capital to shareholders through share repurchases and quarterly cash dividends.

“Over the last year, BJ’s team members mastered new cooking methods, became proficient taking orders on handheld devices, and streamlined processes to bring efficiencies to our growing off-premise revenue stream. As a result, our slow roasted prime rib special has become a weekend guest favorite and our Daily Brewhouse Specials continue to build mid-week restaurant traffic, while our growing off-premise channel is providing our guests with the convenience of enjoying BJ’s high quality food and beverages at home, at work or on the go. We are also very excited about our upgraded BJ’s Premier Rewards Plus loyalty program, which launched in all of our restaurants in February. We are already seeing a very positive guest response to our upgraded program which simplifies our reward structure, making it easier for guests to be rewarded for choosing BJ’s. We believe these sales building initiatives have further differentiated and elevated BJ’s already high quality menu offerings, strong value proposition, and culture of service and hospitality, which collectively have positioned BJ’s to continue gaining share in the casual dining space.”

In the first quarter of fiscal 2018, BJ’s opened its 198th restaurant in Warwick, Rhode Island, marking the 27th state where the Company operates. “Our recent restaurant openings are performing well and our 2018 pipeline is in excellent shape. We remain on track to open new restaurants in Hagerstown, Maryland and Albany, New York by the end of the second quarter and two to three additional restaurants in the second half of the year. In the current environment, we believe our fiscal 2018 expansion plan of five to six new restaurants provides the right balance of growth and flexibility to allocate our strong cash flows to share repurchases, dividends and other initiatives to enhance shareholder value. Our development team is building a solid pipeline for fiscal 2019 and 2020 new restaurant openings as we remain committed to our long term expansion plans,” Trojan added.

During the 2018 first quarter, the Company adopted ASU 2016-10, an amendment to ASU 2014-09, Revenue from Contracts with Customers (Topic 606), which impacts the way we account for our loyalty program. ASU 2016-10 provides a comprehensive new revenue recognition model that requires a company to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. In accordance with ASU 2016-10, we now use loyalty points earned to allocate the transaction price between the goods delivered and the future goods that will be delivered, on a relative standalone selling price basis. As a result of the adoption of this standard, $1.1 million of 2018 first quarter revenues have been deferred until those loyalty points are redeemed in the future. Under the previous standard we estimated the cost of the loyalty reward based on the equivalent cost of the food and beverage earned and recorded this cost as a marketing expense included in “Occupancy and operating” on our Consolidated Statements of Income. This standard does not impact our calculation of comparable restaurant sales. A reconciliation of the impact from ASU 2016-10 is provided at the end of this release. 

During the first quarter of 2018, the Company repurchased and retired approximately 0.1 million shares of its common stock at a cost of approximately $5.6 million. Since the Company’s first share repurchase authorization was approved in April 2014, BJ’s has repurchased and retired approximately 9.5 million shares at a cost of approximately $363.0 million and has reduced its outstanding share count by approximately 31%. The Company currently has approximately $37.0 million available under its authorized $400 million share repurchase program.

On April 24, 2018, the Company’s Board of Directors declared a cash dividend of $0.11 per share of common stock payable May 28, 2018, to shareholders of record at the close of business on May 14, 2018. While the Company intends to pay quarterly cash dividends for the foreseeable future, dividends will be reviewed quarterly and declared by the Board of Directors at its discretion.

*Investor Conference Call and Webcast*

BJ’s Restaurants, Inc. will conduct a conference call on its first quarter 2018 earnings release today, April 26, 2018, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Senior management will discuss the financial results and host a question and answer session. In addition, a live audio webcast of the call will be accessible to the public on the “Investors” page of the Company’s website located at http://www.bjsrestaurants.com, and a recording of the webcast will be archived on the site for 30 days following the live event. Please allow 15 minutes to register and download and install any necessary software.

*About BJ’s Restaurants, Inc.*

BJ’s Restaurants, Inc. currently owns and operates 198 casual dining restaurants under the BJ’s Restaurant & Brewhouse®, BJ’s Restaurant & Brewery®, BJ’s Pizza & Grill® and BJ’s Grill® brand names. BJ’s Restaurants offer an innovative and broad menu featuring award-winning, signature deep-dish pizza complemented with generously portioned salads, appetizers, sandwiches, soups, pastas, entrees and desserts, including the Pizookie® dessert. Quality, flavor, value, moderate prices and sincere service remain distinct attributes of the BJ’s experience. All restaurants feature BJ’s critically acclaimed proprietary craft beers, which are produced at several of the Company’s Restaurant & Brewery locations, its two brewpubs in Texas and by independent third party craft brewers. The Company’s restaurants are located in the 27 states of Alabama, Arizona, Arkansas, California, Colorado, Florida, Indiana, Kansas, Kentucky, Louisiana, Maryland, Michigan, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia and Washington. Visit BJ’s Restaurants, Inc. on the Web at http://www.bjsrestaurants.com for locations and additional information.

*Forward-Looking Statements Disclaimer*

Certain statements in the preceding paragraphs and all other statements that are not purely historical constitute “forward-looking” statements for purposes of the Securities Act of 1933 and the Securities and Exchange Act of 1934, as amended, and are intended to be covered by the safe harbors created thereby. Such statements include, but are not limited to, those regarding expected comparable restaurant sales and margin growth in future periods, total potential domestic capacity, the success of various sales-building and productivity initiatives, future guest traffic trends, construction cost savings initiatives and the number and timing of new restaurants expected to be opened in future periods. These “forward-looking” statements involve known and unknown risks, uncertainties and other factors which may cause actual results to be materially different from those projected or anticipated. Factors that might cause such differences include, but are not limited to: (i) our ability to manage new restaurant openings, (ii) construction delays, (iii) labor shortages, (iv) increases in minimum wage and other employment related costs, including compliance with the Patient Protection and Affordable Care Act and minimum salary requirements for exempt team members, (v) the effect of credit and equity market disruptions on our ability to finance our continued expansion on acceptable terms, (vi) food quality and health concerns and the effect of negative publicity about us, our restaurants, other restaurants, or others across the food supply chain, due to food borne illness or other reasons, whether or not accurate, (vii) factors that impact California, Texas and Florida, where 63, 34 and 22, respectively, of our current 198 restaurants are located, (viii) restaurant and brewery industry competition, (ix) impact of certain brewing business considerations, including without limitation, dependence upon suppliers, third party contractors and distributors, and related hazards, (x) consumer spending trends in general for casual dining occasions, (xi) potential uninsured losses and liabilities due to limitations on insurance coverage, (xii) fluctuating commodity costs and availability of food in general and certain raw materials related to the brewing of our craft beers and energy requirements, (xiii) trademark and service-mark risks, (xiv) government regulations and licensing costs, (xv) beer and liquor regulations, (xvi) loss of key personnel, (xvii) inability to secure acceptable sites, (xviii) legal proceedings, (xix) other general economic and regulatory conditions and requirements, (xx) the success of our key sales-building and related operational initiatives, (xxi) any failure of our information technology or security breaches with respect to our electronic systems and data, and (xxii) numerous other matters discussed in the Company’s filings with the Securities and Exchange Commission, including its recent reports on Forms 10-K, 10-Q and 8-K. The “forward-looking” statements contained in this press release are based on current assumptions and expectations, and BJ’s Restaurants, Inc. undertakes no obligation to update or alter its “forward-looking” statements whether as a result of new information, future events or otherwise.

For further information, please contact Greg Levin of BJ’s Restaurants, Inc. at (714) 500-2400 or JCIR at (212) 835-8500 or at bjri@jcir.com.

 
*BJ’s* *Restaurants, Inc.*
*Unaudited Consolidated Statements of Income*
*(Dollars in thousands except for per share data)*
  * *
  *First Quarter Ended*
  *April 3, 2018* *April 4, 2017*
Revenues $ 278,523   100.0 % $ 257,816   100.0 %
Restaurant operating costs (excluding depreciation and amortization):        
  Cost of sales   69,971     25.1     65,395     25.4  
  Labor and benefits   100,433     36.1     92,383     35.8  
  Occupancy and operating   57,503     20.6     53,944     20.9  
  General and administrative   15,131     5.4     14,296     5.5  
  Depreciation and amortization   17,454     6.3     16,749     6.5  
  Restaurant opening   597     0.2     1,413     0.5  
  Loss on disposal and impairment of assets   1,061     0.4     687     0.3  
Total costs and expenses   262,150     94.1     244,867     95.0  
   Income from operations   16,373     5.9     12,949     5.0  
         
Other (expense) income:        
  Interest expense, net   (1,387 )   (0.5 )   (888 )   (0.3 )
  Other (expense) income, net   (100 )   -     785     0.3  
Total other (expense) income   (1,487 )   (0.5 )   (103 )   -  
   Income before income taxes   14,886     5.3     12,846     5.0  
         
Income tax expense   222     0.1     3,580     1.4  
         
   Net income $ 14,664   5.3 % $ 9,266     3.6 %
         
Net income per share:        
  Basic $ 0.71     $ 0.42    
  Diluted $ 0.70     $ 0.42    
         
Weighted average number of shares outstanding:        
  Basic   20,586       21,932    
  Diluted   21,063       22,313    
 

Percentages reflected above may not reconcile due to rounding.*BJ’s* *Restaurants, Inc.*
*Selected Consolidated Balance Sheet Information*
*(Dollars in thousands)*
 
  *April 3,*
* 2018*
*(unaudited)*   *January 2,
2018*
*(audited)*
Cash and cash equivalents $ 28,705   $ 24,335
Total assets $ 686,997   $ 684,958
Total debt $ 158,500   $ 163,500
Shareholders’ equity $ 267,290   $ 258,729

*BJ’s Restaurants, Inc.*  
*Unaudited Supplemental Information*  
*(Dollars in thousands)*  
           
  *First Quarter Ended*  
  *April 3, 2018* *April 4, 2017*  
*Stock-based compensation* (1)          
Labor and benefits $   578   0.2 % $   468   0.2 %  
General and administrative   1,705     0.6     1,168    0.5    
Total stock-based compensation $  2,283     0.8 % $  1,636   0.7 %  
           
*Operating Data*          
Comparable restaurant sales % change   4.2 %     (1.3 %)    
Restaurants opened during period     1         3      
Restaurants open at period-end   198       190      
Restaurant operating weeks   2,563       2,445      
                   

(1) Percentages represent percent of total revenues.

*Restaurant Level Operating Margin  *

Restaurant level operating margin, a non-GAAP financial measure, is equal to the revenues generated by our restaurants less their direct operating costs which consist of cost of sales, labor and benefits, and occupancy and operating costs. This performance measure includes only the costs that restaurant level managers can directly control and excludes other operating costs that are essential to conduct the Company’s business, as detailed in the table below. Management uses restaurant level operating margin as a supplemental measure of restaurant performance. Management believes restaurant level operating margin is useful to investors in that it highlights trends in our core business that may not otherwise be apparent to investors when relying solely on GAAP financial measures. Because other companies may calculate restaurant level margin differently than we do, restaurant level margin as presented herein may not be comparable to similarly titled measures reported by other companies.

A reconciliation of income from operations to restaurant level operating margin for the first quarter ended April 3, 2018 and April 4, 2017 is set forth below:*BJ’s* *Restaurants, Inc.*  
*Supplemental Financial Information – Restaurant Level Operating Margin*  
*(Unaudited, dollars in thousands)*  
  * *  
  *First Quarter Ended*  
  *April 3, 2018* *April 4, 2017*  
Income from operations $ 16,373   5.9 % $ 12,949   5.0 %  
  General and administrative   15,131   5.4     14,296   5.5    
  Depreciation and amortization   17,454   6.3     16,749   6.5    
  Restaurant opening   597   0.2     1,413   0.5    
  Loss on disposal and impairment of assets   1,061   0.4     687   0.3    
Restaurant level operating margin $ 50,616   18.2 % $ 46,094   17.9 %  
 

Percentages above represent percent of total revenues and may not reconcile due to rounding.

*ASU 2016-10 Reconciliation*

The following tables illustrate the impact from the adoption of ASU 2016-10 on our first quarter ended April 3, 2018. As a general matter, these non-GAAP adjusted financial measures and the related reconciliation should be used in conjunction with results presented in accordance with GAAP. The Company believes this reconciliation provides analysts and others in the investment community a way to analyze and compare the Company’s results to prior period results in which ASU 2016-10 was not applied.

*BJ’s* *Restaurants, Inc.*
*Supplemental Financial Information – ASU 2016-10 Reconciliation**
*
*(Dollars in thousands except for per share data)**
*
 
  * * * *
  *First Quarter Ended*
  * * *April 3, 2018* *April 4, 2017*
  *New
Standard* *Total
Adjustments* * * *Previous
Standard* *Previous
Standard*
Revenues $ 278,523   $   429 (1 ) $ 278,952   $ 257,816  
Restaurant operating costs (excluding depreciation and amortization):          
  Cost of sales   69,971      -     69,971     65,395  
  Labor and benefits   100,433      -     100,433     92,383  
  Occupancy and operating   57,503     353 (2 )   57,856     53,944  
  General and administrative   15,131      -     15,131     14,296  
  Depreciation and amortization   17,454      -     17,454     16,749  
  Restaurant opening   597      -     597     1,413  
  Loss on disposal and impairment of assets   1,061      -     1,061     687  
Total costs and expenses   262,150     353     262,503     244,867  
     Income from operations   16,373     76     16,449     12,949  
           
Other (expense) income:          
  Interest expense, net   (1,387 )    -     (1,387 )   (888 )
  Other (expense) income, net   (100 )   642 (3 )   542     785  
Total other (expense) income   (1,487 )   642     (845 )   (103 )
     Income before income taxes   14,886     718     15,604     12,846  
           
Income tax expense   222     193 (4 )   415     3,580  
           
     Net income $ 14,664   $   525   $ 15,189   $ 9,266  
           
Net income per share:          
  Basic $ 0.71   $ 0.03   $ 0.74   $ 0.42  
  Diluted $ 0.70   $ 0.02   $ 0.72   $ 0.42  
           
Weighted average number of shares outstanding:          
  Basic   20,586     20,586     20,586     21,932  
  Diluted   21,063     21,063     21,063     22,313  
 

(1) Amount represents approximately $1.1 million of revenues which have been deferred until the related loyalty points are redeemed, offset by approximately $0.6 million of gift card breakage revenue previously recorded in “Other (expense) income, net” prior to the adoption of ASU 2016-10.
(2) Prior to the adoption of ASU 2016-10, the estimated food and beverage cost of the loyalty rewards was charged to “Occupancy and operating” expenses.
(3) Prior to the adoption of ASU 2016-10, gift card breakage revenue was recorded as “Other (expense) income, net.”
(4) The income tax effect of the reconciling items was calculated based on our statutory income tax rate for the quarter ended April 3, 2018.

  Reported by GlobeNewswire 1 hour ago.

HOUSTON, April 26, 2018 (GLOBE NEWSWIRE) -- Green Bancorp, Inc. (NASDAQ:GNBC), the bank holding company (“Green Bancorp” or the “Company”) that operates Green Bank, N.A. (“Green Bank”), today announced that on Wednesday, April 25, 2018, its Board of Directors declared the initiation of a regular quarterly cash dividend of $0.10 per share on its outstanding common stock. The dividend will be paid on or after May 24, 2018 to shareholders of record as of May 10, 2018.  This is the first common stock dividend the Company has declared and reflects the strength of its performance over the last year, the higher level of organic capital generation that resulted from the lower effective tax rates in the 2017 Tax Cuts and Jobs Act and the Company’s view of its risk profile and earnings expectations.*About Green Bancorp, Inc.*

Headquartered in Houston, Texas, Green Bancorp is a bank holding company that operates Green Bank in the Houston and Dallas metropolitan areas and Austin, Louisville and Honey Grove.  Commercial-focused, Green Bank is a nationally chartered bank regulated by the Office of the Comptroller of the Currency, a division of the Department of the Treasury of the United States.

*Forward Looking Statement*

The information presented herein and in other documents filed with or furnished to the Securities and Exchange Commission (the “SEC”), in press releases or other public shareholder communications, or in oral statements made with the approval of an authorized executive officer contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 giving Green Bancorp’s expectations or predictions of future financial or business performance or conditions.  Forward-looking statements are typically identified by words such as “believe,” “expect,” “anticipate,” “intend,” “target,” “estimate,” “continue,” “positions,” “prospects” or “potential,” by future conditional verbs such as “will,” “would,” “should,” “could” or “may”, or by variations of such words or by similar expressions.  These forward-looking statements are subject to numerous assumptions, risks and uncertainties which change over time. Forward-looking statements speak only as of the date they are made and we assume no duty to update forward-looking statements.

*Media & Investor Relations Contacts:*

Geoff Greenwade   Terry Earley
President   Chief Financial Officer
713-275-8203   713-316-3672
ggreenwade@greenbank.com   tearley@greenbank.com Reported by GlobeNewswire 1 hour ago.

MCKINNEY, Texas--(BUSINESS WIRE)--Encore Wire Earnings Release & Conference Call Schedule Announcement Reported by Business Wire 1 hour ago.

AUSTIN, Texas--(BUSINESS WIRE)--National Instruments (Nasdaq: NATI) today announced Q1 2018 revenue of $312 million, up 4 percent year over year. In Q1 2018, the value of the company’s total orders was up 5 percent year over year; orders under $20,000 were up 2 percent year over year; and orders over $20,000 were up 7 percent year over year. GAAP net income for Q1 was $24 million, with fully diluted earnings per share (EPS) of $0.18, and non-GAAP net income was $34 million, with non-GAAP fully Reported by Business Wire 1 hour ago.

AUSTIN, Texas--(BUSINESS WIRE)--Apollo Endosurgery, Inc. (“Apollo”) (Nasdaq:APEN), a global leader in less invasive medical devices for bariatric and gastrointestinal procedures, today announced that it plans to release its financial results for the first quarter ended March 31, 2018 on Thursday, May 3, 2018, after the U.S. stock markets close. Apollo will hold a conference call on Thursday, May 3, 2018 at 3:30 p.m. CT / 4:30 p.m. ET to discuss the results. The dial-in numbers are (800) 239-983 Reported by Business Wire 1 hour ago.