0001104659-09-015428.txt : 20120720 0001104659-09-015428.hdr.sgml : 20120720 ACCESSION NUMBER: 0001104659-09-015428 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 19 CONFORMED PERIOD OF REPORT: 20090224 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090309 DATE AS OF CHANGE: 20090309 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PAPA JOHNS INTERNATIONAL INC CENTRAL INDEX KEY: 0000901491 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] IRS NUMBER: 611203323 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-21660 FILM NUMBER: 09665097 BUSINESS ADDRESS: STREET 1: 2002 PAPA JOHNS BOULEVARD CITY: LOUISVILLE STATE: KY ZIP: 40299-2334 BUSINESS PHONE: 5022617272 MAIL ADDRESS: STREET 1: P O BOX 99900 CITY: LOUISVILLE STATE: KY ZIP: 40269-9990 8-K 1 a09-7199_18k.htm 8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

February 24, 2009

Commission File Number: 0-21660

PAPA JOHN’S INTERNATIONAL, INC.

(Exact name of registrant as specified in its charter)

Delaware		61-1203323
(State or other jurisdiction of		(I.R.S. Employer Identification
incorporation or organization)		Number)

2002 Papa Johns Boulevard

Louisville, Kentucky 40299-2367

(Address of principal executive offices)

(502) 261-7272

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01. Other Events.

Attached as Exhibit 100 to this Current Report on Form 8-K are the following financial statements from the Annual Report on Form 10-K of Papa John’s International, Inc. for the year ended December 28, 2008, filed with the Securities and Exchange Commission on February 24, 2009, formatted in XBRL (Extensible Business Reporting Language): (i) the Consolidated Statements of Income, (ii) the Consolidated Balance Sheets, (iii) the Consolidated Statements of Stockholders’ Equity, (iv) the Consolidated Statements of Cash Flows and (v) the Notes to Consolidated Financial Statements. Users of this data are advised pursuant to Rule 401 of Regulation S-T that the financial and other information contained in the XBRL documents is unaudited and that these are not the official publicly filed financial statements of Papa John’s International, Inc. The purpose of submitting these XBRL formatted documents is to test the related format and technology and, as a result, investors should continue to rely on the official filed version of the furnished documents and not rely on the information in this Current Report on Form 8-K, including Exhibit 100, in making investment decisions.

In accordance with Rule 402 of Regulation S-T, the information in this Current Report on Form 8-K, including Exhibit 100, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

Exhibit Number		Description

100		The following financial statements from the Annual Report on Form 10-K of Papa John’s International, Inc. for the year ended December 28, 2008, filed on February 24, 2009, formatted in XBRL: (i) the Consolidated Statements of Income, (ii) the Consolidated Balance Sheets, (iii) the Consolidated Statements of Stockholders’ Equity, (iv) the Consolidated Statements of Cash Flows and (v) the Notes to Consolidated Financial Statements.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

PAPA JOHN’S INTERNATIONAL, INC.

(Registrant)

Date: March 9, 2009	/s/ J. David Flanery
	J. David Flanery
	Senior Vice President and Chief Financial Officer

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<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=Content-Type content="text/html; charset=utf-8"> <META content="MSHTML 6.00.6000.16809" name=GENERATOR></HEAD> <BODY> <DIV> 2.  Significant Accounting Policies   Principles of Consolidation   The accompanying consolidated financial statements include the accounts of Papa Johns and its subsidiaries. Our financial results include BIBP Commodities, Inc. (BIBP), a variable interest entity (VIE) and the financial results of franchise entities deemed VIEs. The results of our Company-owned operations in Mexico and China are consolidated one month in arrears. The results of our captive insurance subsidiary, RSC Insurance Services, Ltd. (RSC), are consolidated one quarter in arrears. All significant intercompany balances and transactions have been eliminated.   Fiscal Year   Our fiscal year ends on the last Sunday in December of each year. All fiscal years presented consist of 52 weeks except for the 2006 fiscal year, which consists of 53 weeks.   Use of Estimates   The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Significant items that are subject to such estimates and assumptions include allowance for doubtful accounts and notes receivable, long-lived and intangible assets, insurance reserves and income tax reserves.  Although management bases its estimates on historical experience and assumptions that are believed to be reasonable under the circumstances, actual results could significantly differ from these estimates.   Revenue Recognition   Franchise fees are recognized when a franchised restaurant begins operations, at which time we have performed our obligations related to such fees. Fees received pursuant to development agreements that grant the right to develop franchised restaurants in future periods in specific geographic areas are deferred and recognized on a pro rata basis as the franchised restaurants subject to the development agreements begin operations. Both franchise and development fees are nonrefundable. Retail sales from Company-owned restaurants and franchise royalties, which are based on a percentage of franchise restaurant sales, are recognized as revenues when the products are delivered to or carried out by customers. </DIV> <DIV>   Domestic production and distribution revenues are comprised of food, promotional items, and supplies sales to franchised restaurants located in the United States and are recognized as revenue upon shipment of the related products to the franchisees. Information services, including software maintenance fees, help desk fees and online ordering fees are recognized as revenue as the related services are provided. Insurance premiums and commissions are recognized as revenue over the term of the policy period.   International revenues are comprised of restaurant sales, royalties and fees received from foreign franchisees and the sale and distribution of food to foreign franchisees, and are recognized consistently with the policies applied for revenues generated in the United States.   Cash Equivalents   Cash equivalents consist of highly liquid investments with maturity of three months or less at date of purchase. These investments are carried at cost, which approximates fair value.   Investments   We determine the appropriate classification of investment securities at the time of purchase and reevaluate such designation as of each balance sheet date.   Investments are comprised of cash equivalent or U.S. government securities. Such investments are designated for the purpose of funding insurance claim payments and are not available for general use. The investments are classified as available for sale securities and are stated at fair value, which approximates carrying value, based upon quoted market prices.   Accounts Receivable   Substantially all accounts receivable are due from franchisees for purchases of food, paper products, restaurant equipment, printing and promotional items, risk management services, information systems and related services, and for royalties from December sales. Credit is extended based on an evaluation of the franchisees financial condition and, generally, collateral is not required. A reserve for uncollectible accounts is established as deemed necessary based upon overall accounts receivable aging levels and a specific review of accounts for franchisees with known financial difficulties.   Inventories   Inventories, which consist of food products, paper goods and supplies, smallwares, and printing and promotional items, are stated at the lower of cost, determined under the first-in, first-out (FIFO) method, or market.   Property and Equipment   Property and equipment are stated at cost. Depreciation is provided using the straight-line method over the estimated useful lives of the assets (generally five to ten years for restaurant, commissary and other equipment, and 20 to 40 years for buildings and improvements). Leasehold improvements are amortized over the terms of the respective leases, including the first renewal period (generally five to ten years).   Depreciation expense was $31.8 million in 2008, $30.6 million in 2007 and $26.5 million in 2006.  </DIV> <DIV> <H2 style="FONT-WEIGHT: normal; MARGIN: 0in 0in 0pt; COLOR: windowtext; FONT-STYLE: italic; TEXT-ALIGN: left; punctuation-wrap: simple" align=left>Leases and Leasehold Improvements</H2> <H2 style="FONT-WEIGHT: normal; MARGIN: 0in 0in 0pt; COLOR: windowtext; FONT-STYLE: italic; TEXT-ALIGN: left; punctuation-wrap: simple" align=left> </H2> We account for leases in accordance with Statement of Financial Accounting Standards (SFAS) No. 13, Accounting for Leases, and other related guidance. SFAS No. 13 requires lease expense to be recognized on a straight-line basis over the expected life of the lease term. A lease term often includes option periods, available at the inception of the lease, when failure to renew the lease would impose a penalty to us. Such penalty may include the recognition of impairment on our leasehold improvements should we choose not to continue the use of the leased property.   Long-Lived and Intangible Assets   The recoverability of long-lived assets is evaluated if impairment indicators exist. Indicators of impairment include historical financial performance, operating trends and our future operating plans. If impairment indicators exist, we evaluate the recoverability of long-lived assets on an operating unit basis (e.g., an individual restaurant) based on undiscounted expected future cash flows before interest for the expected remaining useful life of the operating unit. Recorded values for long-lived assets that are not expected to be recovered through undiscounted future cash flows are written down to current fair value, which is generally determined from estimated discounted future net cash flows for assets held for use or estimated net realizable value for assets held for sale.   The recoverability of indefinite-lived intangible assets (i.e., goodwill) is evaluated annually, or more frequently if impairment indicators exist, on a reporting unit basis by comparing the estimated fair value to its carrying value. Our estimated fair value for Company-owned restaurants is comprised of two components. The first component is the cash sales price that would be received at the time of the sale and the second component is an investment in the continuing franchise agreement, representing the discounted value of future royalties less any incremental direct operating costs, that would be collected under the ten-year franchise agreement.   During 2008, we sold to domestic franchisees 62 Company-owned restaurants located primarily in three markets. As a part of the sales of these restaurants, we recorded a $3.6 million intangible asset for the investment in the continuing franchise agreement, representing the discounted value of the royalties we will receive over the next ten years from the purchaser/franchisee. The $3.6 million intangible asset will be amortized over the ten-year franchise agreement as a reduction in the royalty income of $360,000 annually. If our plans for increased sales, unit growth and profitability are not met, future impairment charges could occur.   At December 28, 2008, we had a net investment of approximately $15.7 million associated with our United Kingdom subsidiary (PJUK), excluding the $3.5 million loan due from the purchaser of Perfect Pizza. During 2008, we recorded an impairment charge of $2.3 million associated with our PJUK operations. We have developed plans for PJUK to continue to improve its operating results. The plans include efforts to increase Papa Johns brand awareness in the United Kingdom, improve sales and profitability for individual restaurants and increase net PJUK franchised unit openings over the next several years. We will continue to periodically evaluate our progress in achieving these plans.   If our initiatives with PJUK and certain domestic markets are not successful, future impairment charges could occur. See Note 7 for additional information.  </DIV> <DIV> <H2 style="FONT-WEIGHT: normal; MARGIN: 0in 0in 0pt; COLOR: windowtext; FONT-STYLE: italic; TEXT-ALIGN: left; punctuation-wrap: simple" align=left>Restaurant Closures</H2> <H2 style="FONT-WEIGHT: normal; MARGIN: 0in 0in 0pt; COLOR: windowtext; FONT-STYLE: italic; TEXT-ALIGN: left; punctuation-wrap: simple" align=left> </H2> We recognize the costs associated with restaurant closures at the time such costs are actually incurred, as required by SFAS No. 146, Accounting for Costs Associated with Exit or Disposal Activities, generally expected to be at the time the closing occurs.   Discontinued Operations   The Company previously operated and franchised pizza delivery and carryout restaurants under the trademark Perfect Pizza in the United Kingdom. The Company sold its Perfect Pizza operations, consisting of the franchised units and related distribution operations in March 2006, which were classified as discontinued (see Note 3). A business component that either has been disposed of or is classified as held for sale is accounted for as a discontinued operation if the cash flow of the component has been or will be eliminated from the ongoing operations of the Company and the Company will no longer have any significant continuing involvement in the business. The results of operations of the discontinued operations through the date of sale, including any gain or loss on disposition, are aggregated and presented on a separate line in the income statement. Prior to dispositions, the assets and liabilities of discontinued operations are aggregated and reported on separate lines in the balance sheet. We have separately disclosed the operating and investing activities of the cash flows attributable to our discontinued Perfect Pizza operations. There was not an impact on our financing activities associated with the discontinued operations for the three years presented in the statements of cash flows.   Deferred Costs   We defer certain systems development and related costs that meet established criteria. Amounts deferred, which are included in property and equipment, are amortized principally over periods not exceeding five years beginning in the month subsequent to completion of the related systems project. Total costs deferred were approximately $754,000 in 2008, $608,000 in 2007 and $415,000 in 2006.   <H2 style="FONT-WEIGHT: normal; MARGIN: 0in 0in 0pt; COLOR: windowtext; FONT-STYLE: italic; TEXT-ALIGN: left; punctuation-wrap: simple" align=left>Deferred Income Tax Assets and Tax Reserves</H2> <H2 style="FONT-WEIGHT: normal; MARGIN: 0in 0in 0pt; COLOR: windowtext; FONT-STYLE: italic; TEXT-ALIGN: left; punctuation-wrap: simple" align=left> </H2> We provide reserves for potential exposures when we consider it probable that a taxing authority may take a sustainable position on a matter contrary to our filed position. We evaluate these issues on a quarterly basis to adjust for events, such as court rulings or examination settlements that may impact our ultimate payment for such exposures.   As of December 28, 2008, we had a net deferred income tax asset balance of $24.6 million, of which approximately $15.1 million relates to BIBPs net operating loss carryforward.  We have not provided a valuation allowance for the deferred income tax assets associated with our domestic operations since we believe it is more likely than not that the Companys future earnings, including BIBP, will be sufficient to ensure the realization of the net deferred income tax assets for federal and state purposes.  </DIV> <DIV> The Company adopted the provisions of the Financial Accounting Standards Board (FASB) Interpretation No. 48, Accounting for Uncertainty in Income Taxes (FIN 48), on January 1, 2007. FIN 48 addresses the accounting for income taxes by prescribing the minimum recognition threshold a tax position is required to meet before being recognized in the financial statements. In addition, FIN 48 expands the disclosure requirements concerning unrecognized tax benefits as well as any significant changes that may occur in the next twelve months associated with such unrecognized tax benefits. As a result of the implementation of FIN 48, the Company recognized an approximate $614,000 decrease in the liability for unrecognized tax benefits, which is accounted for as an increase to the January 1, 2007 balance of retained earnings. As of the adoption date, we had tax-affected unrecognized benefits of approximately $7.4 million. To the extent these unrecognized tax benefits are ultimately recognized, the effective tax rate will be impacted in a future period. The Company recognizes interest and penalties, if any, related to unrecognized tax benefits in income tax expense.   Certain tax authorities periodically audit the Company. We provide reserves for potential exposures based on FIN 48 requirements described above. We evaluate these issues on a quarterly basis to adjust for events, such as court rulings or audit settlements, which may impact our ultimate payment for such exposures. We recognized reductions of $1.7 million, $3.4 million and $2.5 million in our customary income tax expense associated with the finalization of certain income tax issues in 2008, 2007 and 2006, respectively.   Advertising and Related Costs   Advertising and related costs include the costs of domestic Company-owned restaurant activities such as mail coupons, door hangers and promotional items and contributions to the Papa Johns Marketing Fund, Inc. (the Marketing Fund) and local market cooperative advertising funds (Co-op Funds). Contributions by domestic Company-owned and franchised restaurants to the Marketing Fund and the Co-op Funds are based on an established percentage of monthly restaurant revenues. The Marketing Fund is responsible for developing and conducting marketing and advertising for the Papa Johns system. The Co-op Funds are responsible for developing and conducting advertising activities in a specific market, including the placement of electronic and print materials developed by the Marketing Fund. We recognize domestic Company-owned restaurant contributions to the Marketing Fund and the Co-op Funds in which we do not have a controlling interest in the period in which the contribution accrues.   <H2 style="FONT-WEIGHT: normal; MARGIN: 0in 0in 0pt; COLOR: windowtext; FONT-STYLE: italic; TEXT-ALIGN: left; punctuation-wrap: simple" align=left>Foreign Currency Translation</H2> <H2 style="FONT-WEIGHT: normal; MARGIN: 0in 0in 0pt; COLOR: windowtext; FONT-STYLE: italic; TEXT-ALIGN: left; punctuation-wrap: simple" align=left> </H2> The local currency is the functional currency for our foreign subsidiaries, located in the United Kingdom, Mexico and China. Earnings and losses are translated into U.S. dollars using monthly average exchange rates, while balance sheet accounts are translated using year-end exchange rates. The resulting translation adjustments are included as a component of accumulated other comprehensive income (loss).  </DIV> <DIV style="FONT-FAMILY: Times New Roman"> <H2 style="FONT-WEIGHT: normal; MARGIN: 0in 0in 0pt; COLOR: windowtext; FONT-STYLE: italic; TEXT-ALIGN: left; punctuation-wrap: simple" align=left>Stock-Based Compensation</H2> <H2 style="FONT-WEIGHT: normal; MARGIN: 0in 0in 0pt; COLOR: windowtext; FONT-STYLE: italic; TEXT-ALIGN: left; punctuation-wrap: simple" align=left> </H2> In December 2004, the FASB issued SFAS No. 123(R), Share-Based Payment, which is a revision of SFAS No. 123 Accounting and Disclosure of Stock-Based Compensation. As required, we adopted the provisions of SFAS No. 123(R) effective at the beginning of our fiscal 2006, using the modified-prospective method. Under the modified-prospective method, compensation cost recognized in 2006, 2007 and 2008 includes (a) compensation cost for all share-based payments granted prior to, but not yet vested as of December 25, 2005, based on the grant date fair value estimated in accordance with the original provisions of SFAS No. 123, and (b) compensation cost for all share-based payments granted subsequent to December 25, 2005, based on the grant date fair value estimated in accordance with the provisions of SFAS No. 123(R). Upon adoption of SFAS No. 123(R), we elected to continue using the Black-Scholes option-pricing model.   SFAS No. 157, Fair Value Measurements   In September 2006, the FASB issued SFAS No. 157, Fair Value Measurements. SFAS No. 157 requires companies to determine fair value based on the price that would be received to sell the asset or paid to transfer the liability to a market participant. SFAS No. 157 emphasizes that fair value is a market-based measurement, not an entity-specific measurement.  We will adopt the provisions of SFAS No. 157 in two phases: (1) phase one was effective for financial assets and liabilities in our first quarter of 2008 and (2) phase two is effective for non-financial assets and liabilities for fiscal years beginning after November 15, 2008 or our first quarter of fiscal 2009. The adoption of phase one during the first quarter of 2008 did not have a significant impact on our financial statements.   SFAS No. 157 requires that assets and liabilities carried at fair value be classified and disclosed in one of the following categories:   ·                  Level 1: Quoted market prices in active markets for identical assets or liabilities. ·                  Level 2: Observable market based inputs or unobservable inputs that are corroborated by market data. ·                  Level 3: Unobservable inputs that are not corroborated by market data.   Our financial assets and liabilities that are measured at fair value on a recurring basis as of December 28, 2008 are as follows:   <TABLE style="WIDTH: 79.84%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="79%" border=0> <TBODY> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 45.96%; PADDING-TOP: 0in" vAlign=bottom width="45%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.08%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 11.18%; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2> Carrying</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.92%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 11.14%; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.92%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 24.14%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="24%" colSpan=5> Fair Value Measurements</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.66%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD></TR> <TR> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 45.96%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="45%"> (In thousands)</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.08%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 11.18%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="11%" colSpan=2> Value</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.92%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 11.14%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="11%" colSpan=2> Level 1</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.92%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 11.12%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="11%" colSpan=2> Level 2</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.9%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 11.12%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="11%" colSpan=2> Level 3</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.66%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD></TR> <TR> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 45.96%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="45%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.08%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 11.18%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="11%" colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.92%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 11.14%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="11%" colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.92%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 11.12%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="11%" colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.9%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 11.12%; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.66%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 45.96%; PADDING-TOP: 0in" vAlign=bottom width="45%" bgColor=#cceeff> Financial assets:</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.08%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 11.18%; PADDING-TOP: 0in" vAlign=bottom width="11%" bgColor=#cceeff colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.92%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 11.14%; PADDING-TOP: 0in" vAlign=bottom width="11%" bgColor=#cceeff colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.92%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 11.12%; PADDING-TOP: 0in" vAlign=bottom width="11%" bgColor=#cceeff colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.9%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 11.12%; PADDING-TOP: 0in" vAlign=bottom width="11%" bgColor=#cceeff colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.66%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 45.96%; PADDING-TOP: 0in" vAlign=bottom width="45%"> Investments</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.08%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.38%; PADDING-TOP: 0in" vAlign=bottom width="1%"> $</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 9.8%; PADDING-TOP: 0in" vAlign=bottom width="9%"> 530</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.92%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.36%; PADDING-TOP: 0in" vAlign=bottom width="1%"> $</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 9.78%; PADDING-TOP: 0in" vAlign=bottom width="9%"> 530</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.92%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.36%; PADDING-TOP: 0in" vAlign=bottom width="1%"> $</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 9.76%; PADDING-TOP: 0in" vAlign=bottom width="9%"> </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.9%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.36%; PADDING-TOP: 0in" vAlign=bottom width="1%"> $</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 9.76%; PADDING-TOP: 0in" vAlign=bottom width="9%"> </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.66%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 45.96%; PADDING-TOP: 0in" vAlign=bottom width="45%" bgColor=#cceeff> Non-qualified deferred compensation plan</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.08%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 11.18%; PADDING-TOP: 0in" vAlign=bottom width="11%" bgColor=#cceeff colSpan=2> 8,887</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.92%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 11.14%; PADDING-TOP: 0in" vAlign=bottom width="11%" bgColor=#cceeff colSpan=2> 8,887</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.92%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 11.12%; PADDING-TOP: 0in" vAlign=bottom width="11%" bgColor=#cceeff colSpan=2> </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.9%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 11.12%; PADDING-TOP: 0in" vAlign=bottom width="11%" bgColor=#cceeff colSpan=2> </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.66%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 45.96%; PADDING-TOP: 0in" vAlign=bottom width="45%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.08%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 11.18%; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.92%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 11.14%; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.92%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 11.12%; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.9%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 11.12%; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.66%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 45.96%; PADDING-TOP: 0in" vAlign=bottom width="45%" bgColor=#cceeff> Financial liabilities:</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.08%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 11.18%; PADDING-TOP: 0in" vAlign=bottom width="11%" bgColor=#cceeff colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.92%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 11.14%; PADDING-TOP: 0in" vAlign=bottom width="11%" bgColor=#cceeff colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.92%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 11.12%; PADDING-TOP: 0in" vAlign=bottom width="11%" bgColor=#cceeff colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.9%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 11.12%; PADDING-TOP: 0in" vAlign=bottom width="11%" bgColor=#cceeff colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.66%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 45.96%; PADDING-TOP: 0in" vAlign=bottom width="45%"> Interest rate swaps</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.08%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 11.18%; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2> 6,173</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.92%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 11.14%; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2> </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.92%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 11.12%; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2> 6,173</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.9%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 11.12%; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2> </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.66%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD></TR> <TR height=0> <TD style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none" width=274></TD> <TD style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none" width=12></TD> <TD style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none" width=8></TD> <TD style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none" width=59></TD> <TD style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none" width=11></TD> <TD style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none" width=8></TD> <TD style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none" width=58></TD> <TD style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none" width=11></TD> <TD style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none" width=8></TD> <TD style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none" width=58></TD> <TD style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none" width=11></TD> <TD style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none" width=8></TD> <TD style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none" width=58></TD> <TD style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none" width=10></TD></TR></TBODY></TABLE>   The adoption for non-financial assets and liabilities in fiscal 2009 is not expected to significantly impact our estimates of value related to long-lived and intangible assets such as our annual fair value evaluation of our United Kingdom subsidiary, Papa Johns UK (PJUK) and domestic Company-owned restaurants.  </DIV> <DIV> <H2 style="FONT-WEIGHT: normal; MARGIN: 0in 0in 0pt; COLOR: windowtext; FONT-STYLE: italic; TEXT-ALIGN: left; punctuation-wrap: simple" align=left>Derivative Financial Instruments</H2> <H2 style="FONT-WEIGHT: normal; MARGIN: 0in 0in 0pt; COLOR: windowtext; FONT-STYLE: italic; TEXT-ALIGN: left; punctuation-wrap: simple" align=left> </H2> We recognize all derivatives on the balance sheet at fair value. Derivatives that are not hedges must be adjusted to fair value through income. At inception and on an on-going basis, we assess whether each derivative that qualifies for hedge accounting continues to be highly effective in offsetting changes in the cash flows of the hedged item.  If the derivative meets the hedge criteria as defined by certain accounting standards, depending on the nature of the hedge, changes in the fair value of the derivative are either offset against the change in fair value of assets, liabilities or firm commitments through earnings or recognized in accumulated other comprehensive income (loss) until the hedged item is recognized in earnings. The ineffective portion of a derivatives change in fair value, if any, is immediately recognized in earnings.   For the net change in fair value of our derivatives associated with our debt agreements, we recognized losses of $4.1 million ($2.7 million after tax) and $2.0 million ($1.3 million after tax) in 2008 and 2007, respectively. For 2006, we recognized other comprehensive income of $572,000 ($360,000 after tax) for such changes in fair value. The ineffective portions of our hedges were not material to our operating earnings for 2008, 2007 and 2006. Fair value is based on quoted market prices. See Note 8 for additional information on our debt and credit arrangements.   <H2 style="FONT-WEIGHT: normal; MARGIN: 0in 0in 0pt; COLOR: windowtext; FONT-STYLE: italic; TEXT-ALIGN: left; punctuation-wrap: simple" align=left>Earnings per Share</H2> <H2 style="FONT-WEIGHT: normal; MARGIN: 0in 0in 0pt; COLOR: windowtext; FONT-STYLE: italic; TEXT-ALIGN: left; punctuation-wrap: simple" align=left> </H2> The calculations of basic earnings per common share and earnings per common share assuming dilution, before income from discontinued operations, for the years ended December 28, 2008, December 30, 2007 and December 31, 2006 are as follows (in thousands, except per share data):   <TABLE style="WIDTH: 82.26%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="82%" border=0> <TBODY> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 54.02%; PADDING-TOP: 0in" vAlign=bottom width="54%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.76%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 11.68%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="11%" colSpan=2> 2008</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.76%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 11.68%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="11%" colSpan=2> 2007</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.76%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 11.68%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="11%" colSpan=2> 2006</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.66%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 54.02%; PADDING-TOP: 0in" vAlign=bottom width="54%" bgColor=#cceeff> Basic earnings per common share:</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.76%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 11.68%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="11%" bgColor=#cceeff colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.76%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 11.68%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="11%" bgColor=#cceeff colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.76%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 11.68%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="11%" bgColor=#cceeff colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.66%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 54.02%; PADDING-TOP: 0in" vAlign=bottom width="54%"> Income from continuing operations</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.76%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.58%; PADDING-TOP: 0in" vAlign=bottom width="1%"> $</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 10.1%; PADDING-TOP: 0in" vAlign=bottom width="10%"> 36,796</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.76%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.58%; PADDING-TOP: 0in" vAlign=bottom width="1%"> $</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 10.1%; PADDING-TOP: 0in" vAlign=bottom width="10%"> 32,735</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.76%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.58%; PADDING-TOP: 0in" vAlign=bottom width="1%"> $</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 10.1%; PADDING-TOP: 0in" vAlign=bottom width="10%"> 62,986</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.66%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 54.02%; PADDING-TOP: 0in" vAlign=bottom width="54%" bgColor=#cceeff> Weighted average shares outstanding</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.76%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 11.68%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="11%" bgColor=#cceeff colSpan=2> 28,124</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.76%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 11.68%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="11%" bgColor=#cceeff colSpan=2> 29,666</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.76%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 11.68%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="11%" bgColor=#cceeff colSpan=2> 32,312</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.66%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 54.02%; PADDING-TOP: 0in" vAlign=bottom width="54%"> Basic earnings per common share</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.76%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 1.58%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="1%"> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 10.1%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="10%"> 1.31</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.76%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 1.58%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="1%"> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 10.1%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="10%"> 1.10</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.76%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 1.58%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="1%"> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 10.1%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="10%"> 1.95</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.66%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 54.02%; PADDING-TOP: 0in" vAlign=bottom width="54%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.76%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 11.68%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="11%" bgColor=#cceeff colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.76%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 11.68%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="11%" bgColor=#cceeff colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.76%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 11.68%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="11%" bgColor=#cceeff colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.66%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 54.02%; PADDING-TOP: 0in" vAlign=bottom width="54%"> Earnings per common share - assuming dilution:</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.76%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 11.68%; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.76%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 11.68%; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.76%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 11.68%; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.66%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 54.02%; PADDING-TOP: 0in" vAlign=bottom width="54%" bgColor=#cceeff> Income from continuing operations</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.76%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.58%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff> $</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 10.1%; PADDING-TOP: 0in" vAlign=bottom width="10%" bgColor=#cceeff> 36,796</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.76%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.58%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff> $</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 10.1%; PADDING-TOP: 0in" vAlign=bottom width="10%" bgColor=#cceeff> 32,735</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.76%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.58%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff> $</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 10.1%; PADDING-TOP: 0in" vAlign=bottom width="10%" bgColor=#cceeff> 62,986</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.66%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 54.02%; PADDING-TOP: 0in" vAlign=bottom width="54%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.76%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 11.68%; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.76%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 11.68%; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.76%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 11.68%; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.66%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 54.02%; PADDING-TOP: 0in" vAlign=bottom width="54%" bgColor=#cceeff> Weighted average shares outstanding</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.76%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 11.68%; PADDING-TOP: 0in" vAlign=bottom width="11%" bgColor=#cceeff colSpan=2> 28,124</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.76%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 11.68%; PADDING-TOP: 0in" vAlign=bottom width="11%" bgColor=#cceeff colSpan=2> 29,666</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.76%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 11.68%; PADDING-TOP: 0in" vAlign=bottom width="11%" bgColor=#cceeff colSpan=2> 32,312</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.66%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 54.02%; PADDING-TOP: 0in" vAlign=bottom width="54%"> Dilutive effect of outstanding common stock options</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.76%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 11.68%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="11%" colSpan=2> 140</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.76%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 11.68%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="11%" colSpan=2> 351</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.76%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 11.68%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="11%" colSpan=2> 734</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.66%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 54.02%; PADDING-TOP: 0in" vAlign=bottom width="54%" bgColor=#cceeff> Diluted weighted average shares outstanding</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.76%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 11.68%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="11%" bgColor=#cceeff colSpan=2> 28,264</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.76%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 11.68%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="11%" bgColor=#cceeff colSpan=2> 30,017</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.76%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 11.68%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="11%" bgColor=#cceeff colSpan=2> 33,046</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.66%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 54.02%; PADDING-TOP: 0in" vAlign=bottom width="54%"> Earnings per common share - assuming dilution</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.76%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 1.58%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="1%"> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 10.1%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="10%"> 1.30</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.76%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 1.58%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="1%"> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 10.1%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="10%"> 1.09</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.76%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 1.58%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="1%"> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 10.1%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="10%"> 1.91</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.66%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD></TR></TBODY></TABLE>   Shares subject to options to purchase common stock with an exercise price greater than the average market price for the year were not included in the computation of the dilutive effect of common stock options because the effect would have been antidilutive. The weighted average number of shares subject to antidilutive options was 1.5 million in 2008, 895,000 in 2007 and 12,000 in 2006.  </DIV> <DIV style="FONT-FAMILY: Times New Roman"> New Accounting Pronouncements   In February 2007, the FASB issued SFAS No. 159, The Fair Value Option for Financial Assets and Financial Liabilities Including an Amendment of SFAS No. 115. SFAS No. 159 is effective for fiscal years beginning after November 15, 2008 or our first quarter of fiscal 2009. This statement provides companies with the option to measure, at specified election dates, many financial instruments and certain other items at fair value that are not currently measured at fair value. Companies electing to adopt SFAS No. 159 will report unrealized gains and losses on items for which the fair value option has been elected in earnings at each subsequent reporting date. The Company does not intend to elect the SFAS No. 159 fair value measurement option.   In December 2007, the FASB issued SFAS No. 141 - revised 2007 (SFAS No. 141R), Business Combinations. SFAS No. 141R establishes principles and requirements for how an acquirer in a business combination recognizes and measures in its financial statements the identifiable assets acquired, the liabilities assumed, and any noncontrolling interest; recognizes and measures the goodwill acquired in the business combination or a gain from a bargain purchase; and determines what information to disclose to enable financial statement users to evaluate the nature and financial effects of the business combination. SFAS No. 141R applies to business combinations for which the acquisition date is on or after December 15, 2008 or our first quarter of fiscal 2009. Early adoption is prohibited. The adoption of this statement is not expected to have a significant impact on Papa Johns consolidated financial statements.   In December 2007, the FASB issued SFAS No. 160, Noncontrolling Interests in Consolidated Financial Statements an amendment to ARB No. 51. SFAS No. 160 requires all entities to report noncontrolling (minority) interests in subsidiaries as equity in the consolidated financial statements, but separate from the equity of the parent company. The statement further requires that consolidated net income be reported at amounts attributable to the parent and the noncontrolling interest, rather than expensing the income attributable to the minority interest holder. This statement also requires that companies provide sufficient disclosures to clearly identify and distinguish between the interests of the parent company and the interests of the noncontrolling owners, including a disclosure on the face of the consolidated statements for income attributable to the noncontrolling interest holder. This statement is effective for fiscal years beginning on or after December 15, 2008 or for our first quarter of 2009. Early adoption is prohibited. The adoption of this statement is not expected to have a significant impact on Papa Johns consolidated financial statements.   In March 2008, the FASB issued SFAS No. 161, Disclosures about Derivative Instruments and Hedging Activities An Amendment of FASB Statement No. 133. SFAS No. 161 enhances the required disclosures regarding derivatives and hedging activities, including disclosures regarding how and why an entity uses derivative instruments, how derivative instruments and related hedged items are accounted for under SFAS No. 133, Accounting for Derivative Instruments and Hedging Activities, and how derivative instruments and related hedged items affect an entitys financial position, results of operations and cash flows. SFAS No. 161 is effective for fiscal years beginning after November 15, 2008 or our first quarter of fiscal 2009.  </DIV></BODY></HTML>

<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=Content-Type content="text/html; charset=utf-8"> <META content="MSHTML 6.00.2900.3492" name=GENERATOR></HEAD> <BODY> <DIV style="FONT-FAMILY: Times New Roman"> 14.  Income Taxes   A summary of the provision (benefit) for income taxes, exclusive of the tax effects related to discontinued operations, follows (in thousands):   <TABLE style="WIDTH: 57.76%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="57%" border=0> <TBODY> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 38.6%; PADDING-TOP: 0in" vAlign=bottom width="38%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 17.26%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="17%" colSpan=2> 2008</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 13.44%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="13%" colSpan=2> 2007</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 15.36%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="15%" colSpan=2> 2006</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 38.6%; PADDING-TOP: 0in" vAlign=bottom width="38%" bgColor=#cceeff> Current:</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 17.26%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="17%" bgColor=#cceeff colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 13.44%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="13%" bgColor=#cceeff colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 15.36%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="15%" bgColor=#cceeff colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 38.6%; PADDING-TOP: 0in" vAlign=bottom width="38%"> Federal</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.24%; PADDING-TOP: 0in" vAlign=bottom width="2%"> $</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 15.04%; PADDING-TOP: 0in" vAlign=bottom width="15%"> 20,500</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.24%; PADDING-TOP: 0in" vAlign=bottom width="2%"> $</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 11.2%; PADDING-TOP: 0in" vAlign=bottom width="11%"> 21,107</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.24%; PADDING-TOP: 0in" vAlign=bottom width="2%"> $</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 13.12%; PADDING-TOP: 0in" vAlign=bottom width="13%"> 26,425</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 38.6%; PADDING-TOP: 0in" vAlign=bottom width="38%" bgColor=#cceeff> Foreign</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 17.26%; PADDING-TOP: 0in" vAlign=bottom width="17%" bgColor=#cceeff colSpan=2> 810</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 13.44%; PADDING-TOP: 0in" vAlign=bottom width="13%" bgColor=#cceeff colSpan=2> 620</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 15.36%; PADDING-TOP: 0in" vAlign=bottom width="15%" bgColor=#cceeff colSpan=2> 619</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 38.6%; PADDING-TOP: 0in" vAlign=bottom width="38%"> State and local</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 17.26%; PADDING-TOP: 0in" vAlign=bottom width="17%" colSpan=2> 2,278</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 13.44%; PADDING-TOP: 0in" vAlign=bottom width="13%" colSpan=2> 2,345</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 15.36%; PADDING-TOP: 0in" vAlign=bottom width="15%" colSpan=2> 2,936</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 38.6%; PADDING-TOP: 0in" vAlign=bottom width="38%" bgColor=#cceeff> Deferred (federal and state)</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 17.26%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="17%" bgColor=#cceeff colSpan=2> (3,608</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0.375pt; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff> )</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 13.44%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="13%" bgColor=#cceeff colSpan=2> (10,779</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0.375pt; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff> )</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 15.36%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="15%" bgColor=#cceeff colSpan=2> 3,191</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 38.6%; PADDING-TOP: 0in" vAlign=bottom width="38%"> Total</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 2.24%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="2%"> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 15.04%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="15%"> 19,980</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 2.24%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="2%"> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 11.2%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="11%"> 13,293</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 2.24%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="2%"> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 13.12%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="13%"> 33,171</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD></TR></TBODY></TABLE>   Significant deferred tax assets (liabilities) follow (in thousands):   <TABLE style="WIDTH: 57.76%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="57%" border=0> <TBODY> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 48.28%; PADDING-TOP: 0in" vAlign=bottom width="48%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 17.24%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="17%" colSpan=2> 2008</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.8%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 23.02%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="23%" colSpan=2> 2007</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.8%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 48.28%; PADDING-TOP: 0in" vAlign=bottom width="48%" bgColor=#cceeff> Unearned development fees</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 2.24%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="2%" bgColor=#cceeff> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 15%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="15%" bgColor=#cceeff> 2,101</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.8%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 2.24%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="2%" bgColor=#cceeff> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 20.78%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="20%" bgColor=#cceeff> 2,214</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.8%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 48.28%; PADDING-TOP: 0in" vAlign=bottom width="48%"> Accrued liabilities</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 17.24%; PADDING-TOP: 0in" vAlign=bottom width="17%" colSpan=2> 10,911</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.8%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 23.02%; PADDING-TOP: 0in" vAlign=bottom width="23%" colSpan=2> 11,857</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.8%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 48.28%; PADDING-TOP: 0in" vAlign=bottom width="48%" bgColor=#cceeff> Other assets and liabilities</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 17.24%; PADDING-TOP: 0in" vAlign=bottom width="17%" bgColor=#cceeff colSpan=2> 5,697</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.8%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 23.02%; PADDING-TOP: 0in" vAlign=bottom width="23%" bgColor=#cceeff colSpan=2> 4,543</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.8%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 48.28%; PADDING-TOP: 0in" vAlign=bottom width="48%"> BIBP net operating loss</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 17.24%; PADDING-TOP: 0in" vAlign=bottom width="17%" colSpan=2> 15,057</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.8%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 23.02%; PADDING-TOP: 0in" vAlign=bottom width="23%" colSpan=2> 11,324</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.8%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 48.28%; PADDING-TOP: 0in" vAlign=bottom width="48%" bgColor=#cceeff> Stock options</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 17.24%; PADDING-TOP: 0in" vAlign=bottom width="17%" bgColor=#cceeff colSpan=2> 4,517</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.8%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 23.02%; PADDING-TOP: 0in" vAlign=bottom width="23%" bgColor=#cceeff colSpan=2> 3,569</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.8%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 48.28%; PADDING-TOP: 0in" vAlign=bottom width="48%"> Other</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 17.24%; PADDING-TOP: 0in" vAlign=bottom width="17%" colSpan=2> 2,277</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.8%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 23.02%; PADDING-TOP: 0in" vAlign=bottom width="23%" colSpan=2> 802</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.8%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 48.28%; PADDING-TOP: 0in" vAlign=bottom width="48%" bgColor=#cceeff> Foreign net operating losses</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 17.24%; PADDING-TOP: 0in" vAlign=bottom width="17%" bgColor=#cceeff colSpan=2> 5,508</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.8%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 23.02%; PADDING-TOP: 0in" vAlign=bottom width="23%" bgColor=#cceeff colSpan=2> 4,504</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.8%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD></TR> <TR style="HEIGHT: 22pt" height=29> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 48.28%; PADDING-TOP: 0in; HEIGHT: 22pt" vAlign=bottom width="48%" height=29> Valuation allowance on foreign net operating losses</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in; HEIGHT: 22pt" vAlign=bottom width="3%" height=29>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 17.24%; PADDING-TOP: 0in; HEIGHT: 22pt" vAlign=bottom width="17%" colSpan=2 height=29> (5,508</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.8%; PADDING-TOP: 0in; HEIGHT: 22pt" vAlign=bottom width="3%" height=29> )</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 23.02%; PADDING-TOP: 0in; HEIGHT: 22pt" vAlign=bottom width="23%" colSpan=2 height=29> (4,504</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.8%; PADDING-TOP: 0in; HEIGHT: 22pt" vAlign=bottom width="3%" height=29> )</TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 48.28%; PADDING-TOP: 0in" vAlign=bottom width="48%" bgColor=#cceeff> Total deferred tax assets</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 17.24%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="17%" bgColor=#cceeff colSpan=2> 40,560</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.8%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 23.02%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="23%" bgColor=#cceeff colSpan=2> 34,309</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.8%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 48.28%; PADDING-TOP: 0in" vAlign=bottom width="48%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 17.24%; PADDING-TOP: 0in" vAlign=bottom width="17%" colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.8%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 23.02%; PADDING-TOP: 0in" vAlign=bottom width="23%" colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.8%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 48.28%; PADDING-TOP: 0in" vAlign=bottom width="48%" bgColor=#cceeff> Deferred expenses</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 17.24%; PADDING-TOP: 0in" vAlign=bottom width="17%" bgColor=#cceeff colSpan=2> (1,946</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.8%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff> )</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 23.02%; PADDING-TOP: 0in" vAlign=bottom width="23%" bgColor=#cceeff colSpan=2> (2,794</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.8%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff> )</TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 48.28%; PADDING-TOP: 0in" vAlign=bottom width="48%"> Accelerated depreciation</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 17.24%; PADDING-TOP: 0in" vAlign=bottom width="17%" colSpan=2> (3,827</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.8%; PADDING-TOP: 0in" vAlign=bottom width="3%"> )</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 23.02%; PADDING-TOP: 0in" vAlign=bottom width="23%" colSpan=2> (3,932</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.8%; PADDING-TOP: 0in" vAlign=bottom width="3%"> )</TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 48.28%; PADDING-TOP: 0in" vAlign=bottom width="48%" bgColor=#cceeff> Goodwill</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 17.24%; PADDING-TOP: 0in" vAlign=bottom width="17%" bgColor=#cceeff colSpan=2> (5,997</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.8%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff> )</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 23.02%; PADDING-TOP: 0in" vAlign=bottom width="23%" bgColor=#cceeff colSpan=2> (4,255</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.8%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff> )</TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 48.28%; PADDING-TOP: 0in" vAlign=bottom width="48%"> Other</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 17.24%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="17%" colSpan=2> (4,170</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0.375pt; WIDTH: 3.8%; PADDING-TOP: 0in" vAlign=bottom width="3%"> )</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 23.02%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="23%" colSpan=2> (3,797</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0.375pt; WIDTH: 3.8%; PADDING-TOP: 0in" vAlign=bottom width="3%"> )</TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 48.28%; PADDING-TOP: 0in" vAlign=bottom width="48%" bgColor=#cceeff> Total deferred tax liabilities</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 17.24%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="17%" bgColor=#cceeff colSpan=2> (15,940</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0.375pt; WIDTH: 3.8%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff> )</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 23.02%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="23%" bgColor=#cceeff colSpan=2> (14,778</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0.375pt; WIDTH: 3.8%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff> )</TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 48.28%; PADDING-TOP: 0in" vAlign=bottom width="48%"> Net deferred tax assets</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 2.24%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="2%"> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 15%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="15%"> 24,620</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.8%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 2.24%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="2%"> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 20.78%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="20%"> 19,531</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.8%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD></TR></TBODY></TABLE>    </DIV> <DIV> The Company had approximately $19.9 million and $15.2 million of foreign tax net operating loss carryovers as of December 28, 2008 and December 30, 2007, respectively, for which a valuation allowance has been provided. A substantial majority of our foreign tax net operating losses do not have an expiration date.   Management believes it is more likely than not that the Companys future earnings will be sufficient to ensure the realization of the recorded net deferred tax assets for federal and state purposes.   The reconciliation of income tax computed at the U.S. federal statutory rate to income tax expense, exclusive of income associated with discontinued operations, for the years ended December 28, 2008, December 30, 2007 and December 31, 2006 is as follows (in thousands):   <TABLE style="WIDTH: 63.3%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="63%" border=0> <TBODY> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 40.54%; PADDING-TOP: 0in" vAlign=bottom width="40%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.5%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 15.84%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="15%" colSpan=2> 2008</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.48%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 14%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="14%" colSpan=2> 2007</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.48%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 15.72%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="15%" colSpan=2> 2006</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.42%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 40.54%; PADDING-TOP: 0in" vAlign=bottom width="40%" bgColor=#cceeff> Tax at U.S. federal statutory rate</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.5%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 2.04%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="2%" bgColor=#cceeff> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 13.8%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="13%" bgColor=#cceeff> 19,872</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.48%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 2.04%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="2%" bgColor=#cceeff> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 11.96%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="11%" bgColor=#cceeff> 16,110</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.48%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 2.04%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="2%" bgColor=#cceeff> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 13.68%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="13%" bgColor=#cceeff> 33,655</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.42%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 40.54%; PADDING-TOP: 0in" vAlign=bottom width="40%"> State and local income taxes</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.5%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 15.84%; PADDING-TOP: 0in" vAlign=bottom width="15%" colSpan=2> 1,462</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.48%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 14%; PADDING-TOP: 0in" vAlign=bottom width="14%" colSpan=2> 1,167</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.48%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 15.72%; PADDING-TOP: 0in" vAlign=bottom width="15%" colSpan=2> 2,501</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.42%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 40.54%; PADDING-TOP: 0in" vAlign=bottom width="40%" bgColor=#cceeff> Foreign income taxes</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.5%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 15.84%; PADDING-TOP: 0in" vAlign=bottom width="15%" bgColor=#cceeff colSpan=2> 810</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.48%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 14%; PADDING-TOP: 0in" vAlign=bottom width="14%" bgColor=#cceeff colSpan=2> 620</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.48%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 15.72%; PADDING-TOP: 0in" vAlign=bottom width="15%" bgColor=#cceeff colSpan=2> 619</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.42%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 40.54%; PADDING-TOP: 0in" vAlign=bottom width="40%"> Settlement of certain tax issues</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.5%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 15.84%; PADDING-TOP: 0in" vAlign=bottom width="15%" colSpan=2> (1,684</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.48%; PADDING-TOP: 0in" vAlign=bottom width="3%"> )</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 14%; PADDING-TOP: 0in" vAlign=bottom width="14%" colSpan=2> (3,408</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.48%; PADDING-TOP: 0in" vAlign=bottom width="3%"> )</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 15.72%; PADDING-TOP: 0in" vAlign=bottom width="15%" colSpan=2> (2,494</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.42%; PADDING-TOP: 0in" vAlign=bottom width="3%"> )</TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 40.54%; PADDING-TOP: 0in" vAlign=bottom width="40%" bgColor=#cceeff> Tax credits and other</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.5%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 15.84%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="15%" bgColor=#cceeff colSpan=2> (480</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0.375pt; WIDTH: 3.48%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff> )</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 14%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="14%" bgColor=#cceeff colSpan=2> (1,196</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0.375pt; WIDTH: 3.48%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff> )</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 15.72%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="15%" bgColor=#cceeff colSpan=2> (1,110</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0.375pt; WIDTH: 3.42%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff> )</TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 40.54%; PADDING-TOP: 0in" vAlign=bottom width="40%"> Total</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.5%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 2.04%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="2%"> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 13.8%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="13%"> 19,980</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.48%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 2.04%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="2%"> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 11.96%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="11%"> 13,293</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.48%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 2.04%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="2%"> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 13.68%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="13%"> 33,171</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.42%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD></TR></TBODY></TABLE>   Income taxes paid were $23.9 million in 2008, $24.0 million in 2007 and $28.0 million in 2006.   The Company files income tax returns in the U.S. federal jurisdiction and various states and foreign jurisdictions. The Company, with few exceptions, is no longer subject to U.S. federal, state and local, or non-U.S. income tax examinations by tax authorities for years before 2004.  The Company is currently undergoing examinations by various state and local tax authorities.  The Company anticipates that the finalization of these current examinations and other issues could result in a decrease in the liability for unrecognized tax benefits (and a decrease of income tax expense) of approximately $1.0 million during the next 12 months.  </DIV> <DIV> A reconciliation of the beginning and ending liability for unrecognized tax benefits is as follows (in thousands):   <TABLE style="WIDTH: 57.76%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="57%" border=0> <TBODY> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 73.16%; PADDING-TOP: 0in" vAlign=bottom width="73%" bgColor=#cceeff> Balance at December 31, 2006</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.24%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff> $</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 16.94%; PADDING-TOP: 0in" vAlign=bottom width="16%" bgColor=#cceeff> 8,009</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.82%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 73.16%; PADDING-TOP: 0in" vAlign=bottom width="73%"> Cumulative effect of adoption of FIN 48</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 19.18%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="19%" colSpan=2> (614</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0.375pt; WIDTH: 3.82%; PADDING-TOP: 0in" vAlign=bottom width="3%"> )</TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 73.16%; PADDING-TOP: 0in" vAlign=bottom width="73%" bgColor=#cceeff> Adjusted beginning balance</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 2.24%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="2%" bgColor=#cceeff> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 16.94%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="16%" bgColor=#cceeff> 7,395</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.82%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 73.16%; PADDING-TOP: 0in" vAlign=bottom width="73%"> Additions based on tax positions related to current year</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 19.18%; PADDING-TOP: 0in" vAlign=bottom width="19%" colSpan=2> 357</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.82%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 73.16%; PADDING-TOP: 0in" vAlign=bottom width="73%" bgColor=#cceeff> Reductions for tax positions of prior years</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 19.18%; PADDING-TOP: 0in" vAlign=bottom width="19%" bgColor=#cceeff colSpan=2> (17</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.82%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff> )</TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 73.16%; PADDING-TOP: 0in" vAlign=bottom width="73%"> Reductions for lapse of statute of limitations</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 19.18%; PADDING-TOP: 0in" vAlign=bottom width="19%" colSpan=2> (1,826</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.82%; PADDING-TOP: 0in" vAlign=bottom width="3%"> )</TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 73.16%; PADDING-TOP: 0in" vAlign=bottom width="73%" bgColor=#cceeff> Settlements</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 19.18%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="19%" bgColor=#cceeff colSpan=2> (60</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0.375pt; WIDTH: 3.82%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff> )</TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 73.16%; PADDING-TOP: 0in" vAlign=bottom width="73%"> Balance at December 30, 2007</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 2.24%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="2%"> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 16.94%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="16%"> 5,849</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.82%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 73.16%; PADDING-TOP: 0in" vAlign=bottom width="73%" bgColor=#cceeff> Reductions for tax positions of prior years</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 19.18%; PADDING-TOP: 0in" vAlign=bottom width="19%" bgColor=#cceeff colSpan=2> (464</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.82%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff> )</TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 73.16%; PADDING-TOP: 0in" vAlign=bottom width="73%"> Reductions for lapse of statute of limitations</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 19.18%; PADDING-TOP: 0in" vAlign=bottom width="19%" colSpan=2> (911</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.82%; PADDING-TOP: 0in" vAlign=bottom width="3%"> )</TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 73.16%; PADDING-TOP: 0in" vAlign=bottom width="73%" bgColor=#cceeff> Settlements</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 19.18%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="19%" bgColor=#cceeff colSpan=2> (271</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0.375pt; WIDTH: 3.82%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff> )</TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 73.16%; PADDING-TOP: 0in" vAlign=bottom width="73%"> Balance at December 28, 2008</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.84%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 2.24%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="2%"> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 16.94%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="16%"> 4,203</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.82%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD></TR></TBODY></TABLE>   The Company recognizes interest accrued and penalties related to unrecognized tax benefits as a part of income tax expense. The Companys 2008 and 2007 income tax expense includes an interest benefit of $380,000 and $253,000, respectively, while income tax expense for 2006 includes interest expense of $721,000. The Company had approximately $1.5 million and $1.9 million for the payment of interest and penalties accrued at December 28, 2008 and December 30, 2007, respectively.</DIV></BODY></HTML>

<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=Content-Type content="text/html; charset=utf-8"> <META content="MSHTML 6.00.2900.3492" name=GENERATOR></HEAD> <BODY> <DIV> 19.  Equity Compensation   We award stock options and restricted stock from time to time under the Papa Johns International, Inc. 2008 Omnibus Incentive Plan (the Omnibus Plan) and other such agreements as may arise. Shares of common stock authorized for issuance under the Omnibus Plan are approximately 3.7 million, which includes 1.7 million shares transferred in from the Papa Johns International, Inc. 1999 Team Member Stock Ownership Plan (the 1999 Plan) and 183,000 shares transferred in from the Papa Johns International, Inc. 2003 Stock Option Plan for Non-Employee Directors.  Approximately 3.0 million shares were available for future issuance under the Omnibus Plan as of December 28, 2008. Option awards are generally granted with an exercise price equal to the market price of the Companys stock at the date of grant. Options granted prior to 2003 generally expire ten years from the date of grant and vest over one to five-year periods, except for certain options awarded under a previous, multi-year operations compensation program that vested immediately upon grant. Options granted after 2005 generally expire five years from the date of grant and vest over a 24- or 36-month period.   We recorded stock-based employee compensation expense of $2.6 million in 2008, $4.9 million in 2007 and $4.7 million in 2006. The total income tax benefit recognized in the income statement for share-based compensation arrangements was $930,000 in 2008, $1.8 million in 2007 and $1.7 million in 2006. At December 28, 2008, there was $3.5 million of unrecognized compensation cost related to nonvested option awards and restricted stock, of which the Company expects to recognize $2.3 million in 2009, $1.0 million in 2010 and $200,000 in 2011.   <H2 style="FONT-WEIGHT: normal; MARGIN: 0in 0in 0pt; COLOR: windowtext; FONT-STYLE: italic; TEXT-ALIGN: left; punctuation-wrap: simple" align=left>Stock Options</H2> <H2 style="FONT-WEIGHT: normal; MARGIN: 0in 0in 0pt; COLOR: windowtext; FONT-STYLE: italic; TEXT-ALIGN: left; punctuation-wrap: simple" align=left> </H2> Options exercised included 260,000 shares in 2008, 765,000 shares in 2007 and 1.0 million shares in 2006. The total intrinsic value of the options exercised during 2008, 2007 and 2006 was $2.8 million, $10.4 million and $18.5 million, respectively. Cash received upon the exercise of stock options was $4.6 million, $12.2 million and $15.2 million during 2008, 2007 and 2006, respectively, and the related tax benefits realized were approximately $1.0 million, $3.9 million and $6.8 million during the corresponding periods.  </DIV> <DIV> Information pertaining to option activity during 2008 is as follows (number of options and aggregate intrinsic value in thousands):   <TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0> <TBODY> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 37.08%; PADDING-TOP: 0in" vAlign=bottom width="37%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 12.96%; PADDING-TOP: 0in" vAlign=bottom width="12%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 13.04%; PADDING-TOP: 0in" vAlign=bottom width="13%" colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 12.96%; PADDING-TOP: 0in" vAlign=bottom width="12%"> Weighted</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 13.04%; PADDING-TOP: 0in" vAlign=bottom width="13%" colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.04%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 37.08%; PADDING-TOP: 0in" vAlign=bottom width="37%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 12.96%; PADDING-TOP: 0in" vAlign=bottom width="12%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 13.04%; PADDING-TOP: 0in" vAlign=bottom width="13%" colSpan=2> Weighted</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 12.96%; PADDING-TOP: 0in" vAlign=bottom width="12%"> Average</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 13.04%; PADDING-TOP: 0in" vAlign=bottom width="13%" colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.04%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 37.08%; PADDING-TOP: 0in" vAlign=bottom width="37%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 12.96%; PADDING-TOP: 0in" vAlign=bottom width="12%"> Number</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 13.04%; PADDING-TOP: 0in" vAlign=bottom width="13%" colSpan=2> Average</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 12.96%; PADDING-TOP: 0in" vAlign=bottom width="12%"> Remaining</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 13.04%; PADDING-TOP: 0in" vAlign=bottom width="13%" colSpan=2> Aggregate</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.04%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 37.08%; PADDING-TOP: 0in" vAlign=bottom width="37%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 12.96%; PADDING-TOP: 0in" vAlign=bottom width="12%"> of</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 13.04%; PADDING-TOP: 0in" vAlign=bottom width="13%" colSpan=2> Exercise</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 12.96%; PADDING-TOP: 0in" vAlign=bottom width="12%"> Contractual</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 13.04%; PADDING-TOP: 0in" vAlign=bottom width="13%" colSpan=2> Intrinsic</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.04%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 37.08%; PADDING-TOP: 0in" vAlign=bottom width="37%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 12.96%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="12%"> Options</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 13.04%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="13%" colSpan=2> Price</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 12.96%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="12%"> Term</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 13.04%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="13%" colSpan=2> Value</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.04%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 37.08%; PADDING-TOP: 0in" vAlign=bottom width="37%" bgColor=#cceeff> Outstanding at December 30, 2007</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 12.96%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="12%" bgColor=#cceeff> 2,339</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 1.3%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="1%" bgColor=#cceeff> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 11.74%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="11%" bgColor=#cceeff> 24.31</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 12.96%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="12%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 13.04%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="13%" bgColor=#cceeff colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.04%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 37.08%; PADDING-TOP: 0in" vAlign=bottom width="37%"> Granted</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 12.96%; PADDING-TOP: 0in" vAlign=bottom width="12%"> 618</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 13.04%; PADDING-TOP: 0in" vAlign=bottom width="13%" colSpan=2> 26.31</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 12.96%; PADDING-TOP: 0in" vAlign=bottom width="12%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 13.04%; PADDING-TOP: 0in" vAlign=bottom width="13%" colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.04%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 37.08%; PADDING-TOP: 0in" vAlign=bottom width="37%" bgColor=#cceeff> Exercised</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 12.96%; PADDING-TOP: 0in" vAlign=bottom width="12%" bgColor=#cceeff> (260</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff> )</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 13.04%; PADDING-TOP: 0in" vAlign=bottom width="13%" bgColor=#cceeff colSpan=2> 17.78</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 12.96%; PADDING-TOP: 0in" vAlign=bottom width="12%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 13.04%; PADDING-TOP: 0in" vAlign=bottom width="13%" bgColor=#cceeff colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.04%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 37.08%; PADDING-TOP: 0in" vAlign=bottom width="37%"> Cancelled</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 12.96%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="12%"> (68</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0.375pt; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%"> )</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 13.04%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="13%" colSpan=2> 27.52</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 12.96%; PADDING-TOP: 0in" vAlign=bottom width="12%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 13.04%; PADDING-TOP: 0in" vAlign=bottom width="13%" colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.04%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 37.08%; PADDING-TOP: 0in" vAlign=bottom width="37%" bgColor=#cceeff> Outstanding at December 28, 2008</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 12.96%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="12%" bgColor=#cceeff> 2,629</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 1.3%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="1%" bgColor=#cceeff> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 11.74%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="11%" bgColor=#cceeff> 25.34</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 12.96%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="12%" bgColor=#cceeff> 2.63</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 1.3%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="1%" bgColor=#cceeff> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 11.74%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="11%" bgColor=#cceeff> 1,539</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.04%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 37.08%; PADDING-TOP: 0in" vAlign=bottom width="37%"> Vested or expected to vest at December 28, 2008</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 12.96%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="12%"> 2,598</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 1.3%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="1%"> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 11.74%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="11%"> 25.33</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 12.96%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="12%"> 2.66</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 1.3%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="1%"> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 11.74%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="11%"> 1,399</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.04%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 37.08%; PADDING-TOP: 0in" vAlign=bottom width="37%" bgColor=#cceeff> Exercisable at December 28, 2008</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 12.96%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="12%" bgColor=#cceeff> 1,622</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 1.3%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="1%" bgColor=#cceeff> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 11.74%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="11%" bgColor=#cceeff> 23.00</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 12.96%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="12%" bgColor=#cceeff> 1.80</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.22%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 1.3%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="1%" bgColor=#cceeff> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 11.74%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="11%" bgColor=#cceeff> 1,539</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.04%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD></TR></TBODY></TABLE>   The following is a summary of the significant assumptions used in estimating the fair value of options granted in 2008, 2007 and 2006:   <TABLE style="WIDTH: 63.26%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="63%" border=0> <TBODY> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 42.04%; PADDING-TOP: 0in" vAlign=bottom width="42%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.5%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 14.64%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="14%"> 2008</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.5%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 14.64%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="14%"> 2007</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.5%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 14.64%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="14%"> 2006</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.5%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 42.04%; PADDING-TOP: 0in" vAlign=bottom width="42%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.5%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 14.64%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="14%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.5%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 14.64%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="14%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.5%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 14.64%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="14%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.5%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 42.04%; PADDING-TOP: 0in" vAlign=bottom width="42%" bgColor=#cceeff> Assumptions (weighted average):</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.5%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 14.64%; PADDING-TOP: 0in" vAlign=bottom width="14%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.5%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 14.64%; PADDING-TOP: 0in" vAlign=bottom width="14%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.5%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 14.64%; PADDING-TOP: 0in" vAlign=bottom width="14%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.5%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 42.04%; PADDING-TOP: 0in" vAlign=bottom width="42%"> Risk-free interest rate</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.5%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 14.64%; PADDING-TOP: 0in" vAlign=bottom width="14%"> 2.7</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.5%; PADDING-TOP: 0in" vAlign=bottom width="3%"> %</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 14.64%; PADDING-TOP: 0in" vAlign=bottom width="14%"> 4.7</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.5%; PADDING-TOP: 0in" vAlign=bottom width="3%"> %</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 14.64%; PADDING-TOP: 0in" vAlign=bottom width="14%"> 4.9</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.5%; PADDING-TOP: 0in" vAlign=bottom width="3%"> %</TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 42.04%; PADDING-TOP: 0in" vAlign=bottom width="42%" bgColor=#cceeff> Expected dividend yield</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.5%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 14.64%; PADDING-TOP: 0in" vAlign=bottom width="14%" bgColor=#cceeff> 0.0</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.5%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff> %</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 14.64%; PADDING-TOP: 0in" vAlign=bottom width="14%" bgColor=#cceeff> 0.0</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.5%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff> %</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 14.64%; PADDING-TOP: 0in" vAlign=bottom width="14%" bgColor=#cceeff> 0.0</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.5%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff> %</TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 42.04%; PADDING-TOP: 0in" vAlign=bottom width="42%"> Expected volatility</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.5%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 14.64%; PADDING-TOP: 0in" vAlign=bottom width="14%"> 0.30</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.5%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 14.64%; PADDING-TOP: 0in" vAlign=bottom width="14%"> 0.28</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.5%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 14.64%; PADDING-TOP: 0in" vAlign=bottom width="14%"> 0.27</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 3.5%; PADDING-TOP: 0in" vAlign=bottom width="3%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 42.04%; PADDING-TOP: 0in" vAlign=bottom width="42%" bgColor=#cceeff> Expected term (in years)</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.5%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 14.64%; PADDING-TOP: 0in" vAlign=bottom width="14%" bgColor=#cceeff> 3.8</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.5%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 14.64%; PADDING-TOP: 0in" vAlign=bottom width="14%" bgColor=#cceeff> 3.5</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.5%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 14.64%; PADDING-TOP: 0in" vAlign=bottom width="14%" bgColor=#cceeff> 3.5</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 3.5%; PADDING-TOP: 0in" vAlign=bottom width="3%" bgColor=#cceeff>  </TD></TR></TBODY></TABLE>   The risk-free interest rate for the periods within the contractual life of an option is based on the U.S. Treasury yield curve in effect at the time of grant. The estimated volatility is based on the historical volatility of our stock and other factors. The expected term of options represents the period of time that options granted are expected to be outstanding.   The weighted average grant-date fair value of options granted during 2008, 2007 and 2006 was $7.07, $8.98 and $8.95, respectively. The Company granted 618,000, 582,000 and 612,000 options in 2008, 2007 and 2006, respectively.   <H2 style="FONT-WEIGHT: normal; MARGIN: 0in 0in 0pt; COLOR: windowtext; FONT-STYLE: italic; TEXT-ALIGN: left; punctuation-wrap: simple" align=left>Restricted Stock</H2> <H2 style="FONT-WEIGHT: normal; MARGIN: 0in 0in 0pt; COLOR: windowtext; FONT-STYLE: italic; TEXT-ALIGN: left; punctuation-wrap: simple" align=left> </H2> In 2008, we granted shares of restricted stock that were approximately 60% performance-based and 40% time-based while in 2007 and 2006, we granted stock that was 100% performance-based. These restricted shares are intended to focus participants on our long-range objectives, while at the same time serving as a retention mechanism. The shares awarded in 2008, 2007 and 2006 have a three-year cliff vesting period. The performance-based shares vest based upon the Companys achievement of compounded annual growth rate (CAGR) of consolidated corporate operating income from continuing operations, as defined. The fair value of the restricted stock is based on the market price of the Companys shares on the grant date.  </DIV> <DIV> Information pertaining to restricted stock activity during 2008, 2007 and 2006 is as follows (shares in thousands):   <TABLE style="WIDTH: 51.78%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="51%" border=0> <TBODY> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 51.38%; PADDING-TOP: 0in" vAlign=bottom width="51%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 4.28%; PADDING-TOP: 0in" vAlign=bottom width="4%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 17.9%; PADDING-TOP: 0in" vAlign=bottom width="17%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 4.28%; PADDING-TOP: 0in" vAlign=bottom width="4%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 17.88%; PADDING-TOP: 0in" vAlign=bottom width="17%" colSpan=2> Weighted</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 4.26%; PADDING-TOP: 0in" vAlign=bottom width="4%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 51.38%; PADDING-TOP: 0in" vAlign=bottom width="51%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 4.28%; PADDING-TOP: 0in" vAlign=bottom width="4%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 17.9%; PADDING-TOP: 0in" vAlign=bottom width="17%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 4.28%; PADDING-TOP: 0in" vAlign=bottom width="4%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 17.88%; PADDING-TOP: 0in" vAlign=bottom width="17%" colSpan=2> Average</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 4.26%; PADDING-TOP: 0in" vAlign=bottom width="4%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 51.38%; PADDING-TOP: 0in" vAlign=bottom width="51%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 4.28%; PADDING-TOP: 0in" vAlign=bottom width="4%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 17.9%; PADDING-TOP: 0in" vAlign=bottom width="17%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 4.28%; PADDING-TOP: 0in" vAlign=bottom width="4%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 17.88%; PADDING-TOP: 0in" vAlign=bottom width="17%" colSpan=2> Grant-Date</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 4.26%; PADDING-TOP: 0in" vAlign=bottom width="4%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 51.38%; PADDING-TOP: 0in" vAlign=bottom width="51%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 4.28%; PADDING-TOP: 0in" vAlign=bottom width="4%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 17.9%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="17%"> Shares</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 4.28%; PADDING-TOP: 0in" vAlign=bottom width="4%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 17.88%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="17%" colSpan=2> Fair Value</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 4.26%; PADDING-TOP: 0in" vAlign=bottom width="4%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 51.38%; PADDING-TOP: 0in" vAlign=bottom width="51%" bgColor=#cceeff> Total as of December 25, 2005</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 4.28%; PADDING-TOP: 0in" vAlign=bottom width="4%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 17.9%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="17%" bgColor=#cceeff> </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 4.28%; PADDING-TOP: 0in" vAlign=bottom width="4%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 2.5%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="2%" bgColor=#cceeff> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 15.4%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="15%" bgColor=#cceeff> </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 4.26%; PADDING-TOP: 0in" vAlign=bottom width="4%" bgColor=#cceeff>  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 51.38%; PADDING-TOP: 0in" vAlign=bottom width="51%"> Granted</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 4.28%; PADDING-TOP: 0in" vAlign=bottom width="4%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 17.9%; PADDING-TOP: 0in" vAlign=bottom width="17%"> 28</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 4.28%; PADDING-TOP: 0in" vAlign=bottom width="4%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 17.88%; PADDING-TOP: 0in" vAlign=bottom width="17%" colSpan=2> 32.65</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 4.26%; PADDING-TOP: 0in" vAlign=bottom width="4%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 51.38%; PADDING-TOP: 0in" vAlign=bottom width="51%" bgColor=#cceeff> Forfeited</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 4.28%; PADDING-TOP: 0in" vAlign=bottom width="4%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 17.9%; PADDING-TOP: 0in" vAlign=bottom width="17%" bgColor=#cceeff> (1</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 4.28%; PADDING-TOP: 0in" vAlign=bottom width="4%" bgColor=#cceeff> )</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 17.88%; PADDING-TOP: 0in" vAlign=bottom width="17%" bgColor=#cceeff colSpan=2> 32.65</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 4.26%; PADDING-TOP: 0in" vAlign=bottom width="4%" bgColor=#cceeff>  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 51.38%; PADDING-TOP: 0in" vAlign=bottom width="51%"> Vested</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 4.28%; PADDING-TOP: 0in" vAlign=bottom width="4%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 17.9%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="17%"> </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 4.28%; PADDING-TOP: 0in" vAlign=bottom width="4%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 17.88%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="17%" colSpan=2> </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 4.26%; PADDING-TOP: 0in" vAlign=bottom width="4%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 51.38%; PADDING-TOP: 0in" vAlign=bottom width="51%" bgColor=#cceeff> Total as of December 31, 2006</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 4.28%; PADDING-TOP: 0in" vAlign=bottom width="4%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 17.9%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="17%" bgColor=#cceeff> 27</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 4.28%; PADDING-TOP: 0in" vAlign=bottom width="4%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 2.5%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="2%" bgColor=#cceeff> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 15.4%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="15%" bgColor=#cceeff> 32.65</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 4.26%; PADDING-TOP: 0in" vAlign=bottom width="4%" bgColor=#cceeff>  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 51.38%; PADDING-TOP: 0in" vAlign=bottom width="51%"> Granted</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 4.28%; PADDING-TOP: 0in" vAlign=bottom width="4%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 17.9%; PADDING-TOP: 0in" vAlign=bottom width="17%"> 133</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 4.28%; PADDING-TOP: 0in" vAlign=bottom width="4%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 17.88%; PADDING-TOP: 0in" vAlign=bottom width="17%" colSpan=2> 33.50</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 4.26%; PADDING-TOP: 0in" vAlign=bottom width="4%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 51.38%; PADDING-TOP: 0in" vAlign=bottom width="51%" bgColor=#cceeff> Forfeited</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 4.28%; PADDING-TOP: 0in" vAlign=bottom width="4%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 17.9%; PADDING-TOP: 0in" vAlign=bottom width="17%" bgColor=#cceeff> (15</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 4.28%; PADDING-TOP: 0in" vAlign=bottom width="4%" bgColor=#cceeff> )</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 17.88%; PADDING-TOP: 0in" vAlign=bottom width="17%" bgColor=#cceeff colSpan=2> 33.56</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 4.26%; PADDING-TOP: 0in" vAlign=bottom width="4%" bgColor=#cceeff>  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 51.38%; PADDING-TOP: 0in" vAlign=bottom width="51%"> Vested</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 4.28%; PADDING-TOP: 0in" vAlign=bottom width="4%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 17.9%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="17%"> </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 4.28%; PADDING-TOP: 0in" vAlign=bottom width="4%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 17.88%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="17%" colSpan=2> </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 4.26%; PADDING-TOP: 0in" vAlign=bottom width="4%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 51.38%; PADDING-TOP: 0in" vAlign=bottom width="51%" bgColor=#cceeff> Total as of December 30, 2007</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 4.28%; PADDING-TOP: 0in" vAlign=bottom width="4%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 17.9%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="17%" bgColor=#cceeff> 145</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 4.28%; PADDING-TOP: 0in" vAlign=bottom width="4%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 2.5%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="2%" bgColor=#cceeff> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 15.4%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="15%" bgColor=#cceeff> 33.33</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 4.26%; PADDING-TOP: 0in" vAlign=bottom width="4%" bgColor=#cceeff>  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 51.38%; PADDING-TOP: 0in" vAlign=bottom width="51%"> Granted</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 4.28%; PADDING-TOP: 0in" vAlign=bottom width="4%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 17.9%; PADDING-TOP: 0in" vAlign=bottom width="17%"> 146</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 4.28%; PADDING-TOP: 0in" vAlign=bottom width="4%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 17.88%; PADDING-TOP: 0in" vAlign=bottom width="17%" colSpan=2> 26.28</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 4.26%; PADDING-TOP: 0in" vAlign=bottom width="4%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 51.38%; PADDING-TOP: 0in" vAlign=bottom width="51%" bgColor=#cceeff> Forfeited</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 4.28%; PADDING-TOP: 0in" vAlign=bottom width="4%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 17.9%; PADDING-TOP: 0in" vAlign=bottom width="17%" bgColor=#cceeff> (8</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 4.28%; PADDING-TOP: 0in" vAlign=bottom width="4%" bgColor=#cceeff> )</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 17.88%; PADDING-TOP: 0in" vAlign=bottom width="17%" bgColor=#cceeff colSpan=2> 31.13</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 4.26%; PADDING-TOP: 0in" vAlign=bottom width="4%" bgColor=#cceeff>  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 51.38%; PADDING-TOP: 0in" vAlign=bottom width="51%"> Vested</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 4.28%; PADDING-TOP: 0in" vAlign=bottom width="4%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 17.9%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="17%"> </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 4.28%; PADDING-TOP: 0in" vAlign=bottom width="4%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 17.88%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="17%" colSpan=2> </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 4.26%; PADDING-TOP: 0in" vAlign=bottom width="4%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 51.38%; PADDING-TOP: 0in" vAlign=bottom width="51%" bgColor=#cceeff> Total as of December 28, 2008</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 4.28%; PADDING-TOP: 0in" vAlign=bottom width="4%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 17.9%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="17%" bgColor=#cceeff> 283</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 4.28%; PADDING-TOP: 0in" vAlign=bottom width="4%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 2.5%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="2%" bgColor=#cceeff> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 15.4%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="15%" bgColor=#cceeff> 29.84</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 4.26%; PADDING-TOP: 0in" vAlign=bottom width="4%" bgColor=#cceeff>  </TD></TR></TBODY></TABLE></DIV></BODY></HTML>

<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=Content-Type content="text/html; charset=utf-8"> <META content="MSHTML 6.00.2900.3492" name=GENERATOR></HEAD> <BODY> <DIV> 4.  Accounting for Variable Interest Entities   FASB Interpretation No. 46, Consolidation of Variable Interest Entities, an Interpretation of Accounting Research Bulletin No. 51 (FIN 46), provides a framework for identifying variable interest entities (VIEs) and determining when a company should include the assets, liabilities, noncontrolling interests and results of activities of a VIE in its consolidated financial statements.   In general, a VIE is a corporation, partnership, limited liability company, trust, or any other legal structure used to conduct activities or hold assets that either (1) has an insufficient amount of equity to carry out its principal activities without additional subordinated financial support, (2) has a group of equity owners that are unable to make significant decisions about its activities, or (3) has a group of equity owners that do not have the obligation to absorb losses or the right to receive returns generated by its operations.   FIN 46 requires a VIE to be consolidated if a party with an ownership, contractual or other financial interest in the VIE (a variable interest holder) is obligated to absorb a majority of the risk of loss from the VIEs activities, is entitled to receive a majority of the VIEs residual returns (if no party absorbs a majority of the VIEs losses), or both. A variable interest holder that consolidates the VIE is called the primary beneficiary. Upon consolidation, the primary beneficiary generally must initially record all of the VIEs assets, liabilities and noncontrolling interests at fair value and subsequently account for the VIE as if it were consolidated based on majority voting interest. FIN 46 also requires disclosures about VIEs that the variable interest holder is not required to consolidate but in which it has a significant variable interest.  </DIV> <DIV style="FONT-FAMILY: Times New Roman"> We have a purchasing arrangement with BIBP, a special-purpose entity formed at the direction of our Franchise Advisory Council, for the sole purpose of reducing cheese price volatility to domestic system-wide restaurants. BIBP is an independent, franchisee-owned corporation. BIBP purchases cheese at the market price and sells it to our distribution subsidiary, PJ Food Service, Inc. (PJFS), at a price based in part upon historical average market prices. PJFS in turn sells cheese to Papa Johns restaurants (both Company-owned and franchised) at a set quarterly price. Effective in March 2009, we will modify the BIBP formula to establish the price of cheese on a more frequent basis at the projected spot market price plus a certain mark-up. The amount of the mark-up depends on the projected spot market prices. Under this new price formula, we anticipate BIBP will substantially repay its cumulative deficit by the end of 2011. PJFS purchased $165.4 million, $138.2 million and $144.1 million of cheese from BIBP during 2008, 2007 and 2006, respectively.   As defined by FIN 46, we are deemed the primary beneficiary of BIBP, a VIE. We recognize the operating losses generated by BIBP if BIBPs shareholders equity is in a net deficit position. Further, we recognize the subsequent operating income generated by BIBP up to the amount of any losses previously recognized. We recognized a pre-tax loss of $10.5 million ($6.9 million net of tax, or $0.24 per diluted share), pre-tax loss of $31.7 million ($20.5 million net of tax, or $0.68 per diluted share) and a pre-tax gain of $19.0 million ($11.8 million net of tax, or $0.36 per diluted share) in 2008, 2007 and 2006, respectively, reflecting BIBPs operating income (losses), net of BIBPs shareholders equity. The impact on future operating income from the consolidation of BIBP is expected to continue to be significant for any given reporting period due to the noted volatility of the cheese market.   BIBP has a $15.0 million line of credit with a commercial bank. In late 2008, Papa Johns agreed to guarantee the outstanding balance associated with the line of credit.  In addition, Papa Johns has agreed to provide additional funding in the form of a loan to BIBP. As of December 28, 2008, BIBP had borrowings of $7.1 million and a letter of credit of $3.0 million outstanding under the commercial line of credit facility and $35.7 million under the line of credit from Papa Johns (the $35.7 million outstanding balance under the Papa Johns line of credit is eliminated upon consolidation of the financial results of BIBP with Papa Johns). As of December 30, 2007, BIBP had borrowings of $8.7 million and a letter of credit of $3.0 million outstanding under the commercial line of credit facility and $20.5 million under the line of credit from Papa Johns (the $20.5 million outstanding balance under the Papa Johns line of credit is eliminated upon consolidation of the financial results of BIBP with Papa Johns).  BIBP had outstanding borrowings of $11.1 million under the commercial bank facility and $30.4 million under the line of credit from Papa Johns as of February 17, 2009.   In addition, Papa Johns has extended loans to certain franchisees. Under FIN 46, Papa Johns was deemed the primary beneficiary of certain franchise entities in 2008, 2007 and 2006, even though we have no ownership interest in them.   The consolidation of the franchise entities has had no significant impact on Papa Johns operating results and is not expected to have a significant impact in future periods.  </DIV> <DIV> The following table summarizes the balance sheets for our consolidated VIEs as of December 28, 2008 and December 30, 2007:   <TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0> <TBODY> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 28.98%; PADDING-TOP: 0in" vAlign=bottom width="28%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.94%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 32.88%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="32%" colSpan=8> December 28, 2008</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 32.88%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="32%" colSpan=8> December 30, 2007</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.34%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD></TR> <TR> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 28.98%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="28%"> (In thousands)</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.94%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.64%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%" colSpan=2> BIBP</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 1.98%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="1%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.64%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%" colSpan=2> Franchisees</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 1.98%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="1%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.64%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%" colSpan=2> Total</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.64%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%" colSpan=2> BIBP</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 1.98%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="1%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.64%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%" colSpan=2> Franchisees</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 1.98%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="1%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.64%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%" colSpan=2> Total</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.34%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD></TR> <TR> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 28.98%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="28%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.94%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.64%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="9%" colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.64%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="9%" colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.64%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="9%" colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.64%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="9%" colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.34%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 28.98%; PADDING-TOP: 0in" vAlign=bottom width="28%" bgColor=#cceeff> Assets:</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.94%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.34%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 28.98%; PADDING-TOP: 0in" vAlign=bottom width="28%"> Cash and cash equivalents</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.94%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.3%; PADDING-TOP: 0in" vAlign=bottom width="1%"> $</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 8.34%; PADDING-TOP: 0in" vAlign=bottom width="8%"> </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.3%; PADDING-TOP: 0in" vAlign=bottom width="1%"> $</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 8.34%; PADDING-TOP: 0in" vAlign=bottom width="8%"> 70</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.3%; PADDING-TOP: 0in" vAlign=bottom width="1%"> $</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 8.34%; PADDING-TOP: 0in" vAlign=bottom width="8%"> 70</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.3%; PADDING-TOP: 0in" vAlign=bottom width="1%"> $</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 8.34%; PADDING-TOP: 0in" vAlign=bottom width="8%"> 1,789</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.3%; PADDING-TOP: 0in" vAlign=bottom width="1%"> $</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 8.34%; PADDING-TOP: 0in" vAlign=bottom width="8%"> 235</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.3%; PADDING-TOP: 0in" vAlign=bottom width="1%"> $</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 8.34%; PADDING-TOP: 0in" vAlign=bottom width="8%"> 2,024</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.34%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 28.98%; PADDING-TOP: 0in" vAlign=bottom width="28%" bgColor=#cceeff> Accounts receivable - Papa Johns</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.94%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2> 4,687</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2> </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2> 4,687</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2> 4,424</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2> </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2> 4,424</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.34%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 28.98%; PADDING-TOP: 0in" vAlign=bottom width="28%"> Other current assets</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.94%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2> 1,089</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2> 55</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2> 1,144</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2> 968</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2> 46</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2> 1,014</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.34%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 28.98%; PADDING-TOP: 0in" vAlign=bottom width="28%" bgColor=#cceeff> Net property and equipment</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.94%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2> </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2> 4,314</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2> 4,314</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2> </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2> 756</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2> 756</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.34%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 28.98%; PADDING-TOP: 0in" vAlign=bottom width="28%"> Goodwill</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.94%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2> </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2> 4,556</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2> 4,556</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2> </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2> 455</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2> 455</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.34%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 28.98%; PADDING-TOP: 0in" vAlign=bottom width="28%" bgColor=#cceeff> Deferred income taxes</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.94%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.64%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2> 15,057</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.64%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2> </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.64%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2> 15,057</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.64%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2> 11,324</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.64%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2> </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.64%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2> 11,324</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.34%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 28.98%; PADDING-TOP: 0in" vAlign=bottom width="28%"> Total assets</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.94%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 1.3%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="1%"> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 8.34%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="8%"> 20,833</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 1.3%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="1%"> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 8.34%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="8%"> 8,995</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 1.3%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="1%"> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 8.34%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="8%"> 29,828</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 1.3%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="1%"> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 8.34%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="8%"> 18,505</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 1.3%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="1%"> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 8.34%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="8%"> 1,492</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 1.3%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="1%"> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 8.34%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="8%"> 19,997</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.34%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 28.98%; PADDING-TOP: 0in" vAlign=bottom width="28%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.94%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.64%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.64%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.64%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.64%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.64%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.64%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.34%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 28.98%; PADDING-TOP: 0in" vAlign=bottom width="28%"> Liabilities and stockholders equity (deficit):</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.94%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.34%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 28.98%; PADDING-TOP: 0in" vAlign=bottom width="28%" bgColor=#cceeff> Accounts payable and accrued expenses</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.94%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.3%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff> $</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 8.34%; PADDING-TOP: 0in" vAlign=bottom width="8%" bgColor=#cceeff> 5,391</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.3%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff> $</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 8.34%; PADDING-TOP: 0in" vAlign=bottom width="8%" bgColor=#cceeff> 381</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.3%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff> $</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 8.34%; PADDING-TOP: 0in" vAlign=bottom width="8%" bgColor=#cceeff> 5,772</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.3%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff> $</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 8.34%; PADDING-TOP: 0in" vAlign=bottom width="8%" bgColor=#cceeff> 9,785</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.3%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff> $</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 8.34%; PADDING-TOP: 0in" vAlign=bottom width="8%" bgColor=#cceeff> 319</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.3%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff> $</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 8.34%; PADDING-TOP: 0in" vAlign=bottom width="8%" bgColor=#cceeff> 10,104</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.34%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 28.98%; PADDING-TOP: 0in" vAlign=bottom width="28%"> Short-term debt - third party</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.94%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2> 7,075</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2> </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2> 7,075</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2> 8,700</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2> </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 9.64%; PADDING-TOP: 0in" vAlign=bottom width="9%" colSpan=2> 8,700</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.34%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 28.98%; PADDING-TOP: 0in" vAlign=bottom width="28%" bgColor=#cceeff> Short-term debt - Papa Johns</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.94%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.64%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2> 35,743</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.64%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2> 7,991</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.64%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2> 43,734</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.64%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2> 20,538</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.64%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2> 560</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.64%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2> 21,098</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.34%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 28.98%; PADDING-TOP: 0in" vAlign=bottom width="28%"> Total liabilities</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.94%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.64%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="9%" colSpan=2> 48,209</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.64%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="9%" colSpan=2> 8,372</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.64%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="9%" colSpan=2> 56,581</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.64%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="9%" colSpan=2> 39,023</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.64%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="9%" colSpan=2> 879</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.64%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="9%" colSpan=2> 39,902</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.34%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 28.98%; PADDING-TOP: 0in" vAlign=bottom width="28%" bgColor=#cceeff> Stockholders equity (deficit)</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.94%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.64%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2> (27,376</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0.375pt; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff> )</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.64%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2> 623</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.64%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2> (26,753</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0.375pt; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff> )</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.64%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2> (20,518</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0.375pt; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff> )</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.64%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2> 613</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.64%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%" bgColor=#cceeff colSpan=2> (19,905</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0.375pt; WIDTH: 1.34%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff> )</TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 28.98%; PADDING-TOP: 0in" vAlign=bottom width="28%"> Total liabilities and stockholders equity (deficit)</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.94%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 1.3%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="1%"> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 8.34%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="8%"> 20,833</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 1.3%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="1%"> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 8.34%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="8%"> 8,995</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 1.3%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="1%"> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 8.34%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="8%"> 29,828</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 1.3%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="1%"> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 8.34%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="8%"> 18,505</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 1.3%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="1%"> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 8.34%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="8%"> 1,492</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 1.98%; PADDING-TOP: 0in" vAlign=bottom width="1%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 1.3%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="1%"> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 8.34%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="8%"> 19,997</TD></TR></TBODY></TABLE></DIV></BODY></HTML>

<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=Content-Type content="text/html; charset=utf-8"> <META content="MSHTML 6.00.2900.3492" name=GENERATOR></HEAD> <BODY> <DIV style="FONT-FAMILY: Times New Roman"> 7. Restaurant Closure, Impairment and Dispositions   The following table summarizes restaurant closure, impairment and disposition losses (gains) included in minority interests and other general expenses in the accompanying consolidated statements of income during 2008, 2007 and 2006:   <TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0> <TBODY> <TR> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 56.64%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="56%"> (in thousands)</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 10.84%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="10%" colSpan=2> 2008</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 10.84%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="10%" colSpan=2> 2007</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 10.84%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="10%" colSpan=2> 2006</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.62%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD></TR> <TR> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 56.64%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="56%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 10.84%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="10%" colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 10.84%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="10%" colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 10.84%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="10%" colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.62%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 56.64%; PADDING-TOP: 0in" vAlign=bottom width="56%" bgColor=#cceeff> Net book value of divested restaurants</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.3%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff> $</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 9.54%; PADDING-TOP: 0in" vAlign=bottom width="9%" bgColor=#cceeff> 15,915</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.3%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff> $</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 9.54%; PADDING-TOP: 0in" vAlign=bottom width="9%" bgColor=#cceeff> 680</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 1.3%; PADDING-TOP: 0in" vAlign=bottom width="1%" bgColor=#cceeff> $</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 9.54%; PADDING-TOP: 0in" vAlign=bottom width="9%" bgColor=#cceeff> </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.62%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 56.64%; PADDING-TOP: 0in" vAlign=bottom width="56%"> Intangible asset - investment in continuing franchise agreement (2)</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 10.84%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="10%" colSpan=2> (3,579</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0.375pt; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%"> )</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 10.84%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="10%" colSpan=2> </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 10.84%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="10%" colSpan=2> </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.62%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 56.64%; PADDING-TOP: 0in" vAlign=bottom width="56%" bgColor=#cceeff> Adjusted net book value of divested restaurants</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 10.84%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="10%" bgColor=#cceeff colSpan=2> 12,336</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 10.84%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="10%" bgColor=#cceeff colSpan=2> 680</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 10.84%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="10%" bgColor=#cceeff colSpan=2> </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.62%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 56.64%; PADDING-TOP: 0in" vAlign=bottom width="56%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 10.84%; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 10.84%; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 10.84%; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.62%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 56.64%; PADDING-TOP: 0in" vAlign=bottom width="56%" bgColor=#cceeff> Cash proceeds received (1)</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 10.84%; PADDING-TOP: 0in" vAlign=bottom width="10%" bgColor=#cceeff colSpan=2> 2,145</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 10.84%; PADDING-TOP: 0in" vAlign=bottom width="10%" bgColor=#cceeff colSpan=2> 632</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 10.84%; PADDING-TOP: 0in" vAlign=bottom width="10%" bgColor=#cceeff colSpan=2> </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.62%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 56.64%; PADDING-TOP: 0in" vAlign=bottom width="56%"> Fair value of notes receivable issued to franchisees</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 10.84%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="10%" colSpan=2> 6,857</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 10.84%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="10%" colSpan=2> </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 10.84%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="10%" colSpan=2> </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.62%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 56.64%; PADDING-TOP: 0in" vAlign=bottom width="56%" bgColor=#cceeff> Total consideration at fair value (1)</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 10.84%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="10%" bgColor=#cceeff colSpan=2> 9,002</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 10.84%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="10%" bgColor=#cceeff colSpan=2> 632</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 10.84%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="10%" bgColor=#cceeff colSpan=2> </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.62%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 56.64%; PADDING-TOP: 0in" vAlign=bottom width="56%"> Loss on restaurants sold</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 10.84%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="10%" colSpan=2> 3,334</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 10.84%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="10%" colSpan=2> 48</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 10.84%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none" vAlign=bottom width="10%" colSpan=2> </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.62%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 56.64%; PADDING-TOP: 0in" vAlign=bottom width="56%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 10.84%; PADDING-TOP: 0in" vAlign=bottom width="10%" bgColor=#cceeff colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 10.84%; PADDING-TOP: 0in" vAlign=bottom width="10%" bgColor=#cceeff colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 10.84%; PADDING-TOP: 0in" vAlign=bottom width="10%" bgColor=#cceeff colSpan=2>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.62%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 56.64%; PADDING-TOP: 0in" vAlign=bottom width="56%"> Loss on domestic restaurant closures and restaurants to be sold (3)</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 10.84%; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2> 2,441</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 10.84%; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2> 1,569</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 10.84%; PADDING-TOP: 0in" vAlign=bottom width="10%" colSpan=2> </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.62%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 56.64%; PADDING-TOP: 0in" vAlign=bottom width="56%" bgColor=#cceeff> Adjustment to long-lived asset impairment reserves (4)</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 10.84%; PADDING-TOP: 0in" vAlign=bottom width="10%" bgColor=#cceeff colSpan=2> 743</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 10.84%; PADDING-TOP: 0in" vAlign=bottom width="10%" bgColor=#cceeff colSpan=2> 190</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 10.84%; PADDING-TOP: 0in" vAlign=bottom width="10%" bgColor=#cceeff colSpan=2> (260</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.62%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff> )</TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 56.64%; PADDING-TOP: 0in" vAlign=bottom width="56%"> PJUK impairment charge (5)</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 10.84%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="10%" colSpan=2> 2,300</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 10.84%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="10%" colSpan=2> </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 10.84%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="10%" colSpan=2> </TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; PADDING-BOTTOM: 0in; WIDTH: 2.62%; PADDING-TOP: 0in" vAlign=bottom width="2%">  </TD></TR> <TR> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 56.64%; PADDING-TOP: 0in" vAlign=bottom width="56%" bgColor=#cceeff> Total restaurant closure, impairment and disposition losses (gains)</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 1.3%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="1%" bgColor=#cceeff> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.54%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="9%" bgColor=#cceeff> 8,818</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 1.3%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="1%" bgColor=#cceeff> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.54%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="9%" bgColor=#cceeff> 1,807</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; WIDTH: 2.74%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff>  </TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: medium none; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 1.3%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="1%" bgColor=#cceeff> $</TD> <TD style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0.7pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 9.54%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="9%" bgColor=#cceeff> (260</TD> <TD style="PADDING-RIGHT: 0.7pt; PADDING-LEFT: 0.7pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 2.25pt; WIDTH: 2.62%; PADDING-TOP: 0in" vAlign=bottom width="2%" bgColor=#cceeff> )</TD></TR></TBODY></TABLE>   <DIV style="MARGIN: 0in 4.7pt 0pt 0in; COLOR: windowtext; punctuation-wrap: simple"> <HR align=left width="25%" color=black noShade SIZE=1> </DIV> (1)           We sold 62 and four Company-owned restaurants to franchisees in 2008 and 2007, respectively. As a part of the agreements to sell some of the restaurants, we issued notes receivable totaling $8.4 million, with a fair value of $6.9 million.   (2)           As a part of the sales of these restaurants, we recorded a $3.6 million intangible asset for the investment in the continuing franchise agreement, representing the discounted value of the royalties we will receive over the next ten years. The $3.6 million intangible asset will be amortized over the ten-year franchise agreement as a reduction in royalty income of $360,000 annually. The intangible assets are recorded in other assets in the accompanying consolidated balance sheet at December 28, 2008.   (3)           During the fourth quarter of 2008, we decided to sell seven restaurants located in one market. We recorded a pre-tax charge of $1.2 million to reflect our estimated fair value associated with these restaurants. We anticipate that the sale will be completed during 2009. We also recorded $1.2 million in charges associated with closed restaurants.   During the fourth quarter of 2007, we decided to close ten domestic restaurants (five were closed in 2007 and the remainder were closed in early 2008), which were located in five markets, due to deteriorating economic performance and an insufficient outlook for improvement. We recorded pre-tax expense of approximately $800,000 associated with the closure of these restaurants. In addition, during 2007, we decided to sell four restaurants located in one market. We recorded a pre-tax charge of $765,000 to reflect our estimated fair value associated with these restaurants that were sold during 2008.  </DIV> <DIV style="FONT-FAMILY: Times New Roman"> (4)           We identified 14 under-performing restaurants located in one market that were subject to impairment charges due to the restaurants declining performance during 2008, which was a result of increased competition, increased operating expenses and deteriorating economic conditions in that market. During our review of potentially impaired restaurants, we considered several indicators, including restaurant profitability, annual comparable sales, operating trends and actual operating results at a market level. In accordance with SFAS No. 144, we estimated the undiscounted cash flows over the estimated lives of the assets for each of our restaurants that met certain impairment indicators and compared those estimates to the carrying values of the underlying assets. The forecasted cash flows were based on our assessment of the individual restaurants future profitability, which is based on the restaurants historical financial performance, the maturing of the restaurants market, as well as our future operating plans for the restaurant and its market. In estimating fair market value based on future cash flows, we used a discount rate of 10.5%, which approximated the return we expected on those types of investments. Based on our analysis, we determined that 14 restaurants were impaired for a total of $743,000.   (5)           At December 28, 2008, we had a net investment of approximately $15.7 million associated with our United Kingdom subsidiary (PJUK), excluding the $3.5 million loan due from the purchaser of Perfect Pizza. During 2008, we recorded a goodwill impairment charge of $2.3 million associated with our PJUK operations.</DIV></BODY></HTML>