-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BZeMz7Yq319Klk+8ypAXoDW70XfcjGg7BmXrwMwv6tOI7CEvWQIIfrWq5541qUnt jXiz75fcU+pnNuTdbcLeTQ== 0001144204-08-021436.txt : 20080409 0001144204-08-021436.hdr.sgml : 20080409 20080409163131 ACCESSION NUMBER: 0001144204-08-021436 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20080404 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080409 DATE AS OF CHANGE: 20080409 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BUFFETS HOLDINGS, INC. CENTRAL INDEX KEY: 0001292731 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] IRS NUMBER: 223754018 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-116897 FILM NUMBER: 08747971 BUSINESS ADDRESS: STREET 1: 1460 BUFFET WAY CITY: EAGAN STATE: MN ZIP: 55121 BUSINESS PHONE: 651-994-8608 MAIL ADDRESS: STREET 1: 1460 BUFFET WAY CITY: EAGAN STATE: MN ZIP: 55121 8-K 1 v110077_8k.htm
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: April 4, 2008
 
BUFFETS HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
 
DELAWARE
(State or other jurisdiction
of incorporation)
333-116897
(Commission File Number)
22-3754018
(IRS Employer
Identification No.)
 
1460 BUFFET WAY
EAGAN, MINNESOTA
(Address of principal executive offices)
 
55121
(Zip Code)
 
Registrant’s telephone number, including area code: (651) 994-8608
 
NOT APPLICABLE
 
(Former name or former address, if changed since last report)
 
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 MATERIAL EVENTS.
 
On January 22, 2008, Buffets Holdings, Inc. (the “Company”) and each of its subsidiaries (together with the Company, the “Debtors”) filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code (the “Bankruptcy Code”) with the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”), Case Number 08-10141. The Company is required to file monthly operating reports (each, a “Monthly Operating Report”) with the Bankruptcy Court. On April 4, 2008, the Company filed with the Bankruptcy Court a Monthly Operating Report for the period from January 22, 2008 through February 6, 2008 (the “Stub Period 8 2008 Report”). Also on April 4, 2008, the Company filed with the Bankruptcy Court a Monthly Operating Report for the period from February 7, 2008 through March 5, 2008 (the “Period 9 2008 Report”). A copy of the Stub Period 8 2008 Report is filed as Exhibit 99.1 and a copy of the Period 9 2008 Report is filed as Exhibit 99.2 to this Current Report on Form 8-K.

The Monthly Operating Report is limited in scope, covers a limited time period, and has been prepared solely for the purpose of complying with the monthly reporting requirements of the Bankruptcy Court. The financial information in each Monthly Operating Report is preliminary and unaudited and does not purport to show the financial statements of any of the Debtors in accordance with accounting principles generally accepted in the United States of America (“GAAP”), and therefore may exclude items required by GAAP, such as certain reclassifications, eliminations, accruals, and disclosure items. The Company cautions readers not to place undue reliance upon each Monthly Operating Report. There can be no assurance that such information is complete. Each Monthly Operating Report may be subject to revision. The Monthly Operating Report is in a format required by the Bankruptcy Code and should not be used for investment purposes. The information in the Monthly Operating Report should not be viewed as indicative of future results.
 
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
 
Exhibit No. Description
   
99.1
Monthly Operating Report, for the period from January 22, 2008 through February 6, 2008, for Buffets Holdings, Inc.
99.2
Monthly Operating Report, for the period from February 7, 2008 through March 5, 2008, for Buffets Holdings, Inc.
   
 


SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report on Form 8-K to be signed on its behalf by the undersigned, thereunto duly authorized.
 
Dated: April 8, 2008
     
  BUFFETS HOLDINGS, INC.
 
 		  
 		  
 
By:   /s/ Keith Wall
 
Name: Keith Wall
  Title: Chief Financial Officer


INDEX OF EXHIBITS
 
Exhibit No. Description
   
99.1
Monthly Operating Report, for the period from January 22, 2008 through February 6, 2008, for Buffets Holdings, Inc.
   
99.2
Monthly Operating Report, for the period from February 7, 2008 through March 5, 2008, for Buffets Holdings, Inc.
   

 
 EX-99.1 2 v110077_ex99-1.htm Unassociated Document
UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE
 
In re: Buffets, Inc. and Subsidiaries
Case No. 08-10142
 
Reporting Period: 01/22/2008 - 02/06/2008 (Stub Period)
 
Operating Report/Period Beginning January 22, 2008 and Ending February 6, 2008 (1)
File with Court and submit copy to United States Trustee within 20 days after end of month.
         
(1) The Debtors report on a four week period system in the ordinary course of their businesses. This Operating Report captures the portion of the Debtors' Fiscal Period 8 falling after the January 21 Petition Date (January 22-February 6). The Debtors will submit subsequent Operating Reports on a period-by-period basis.
         
         
Submit copy of report to any official committee appointed in the case.
 
   
Document
Explanation
Affidavit/Supplement
REQUIRED DOCUMENTS
Form No.
Attached
Attached
Attached
Schedule of Cash Receipts and Disbursements
MOR-1
Yes
N/A
N/A
Bank Reconciliation (or copies of debtor's bank reconciliations)
MOR-1a
Yes
N/A
N/A
Schedule of Professional Fees Paid
MOR-1b
Yes
N/A
N/A
Copies of bank statements
 
N/A
N/A
N/A
Cash disbursements journals
 
N/A
N/A
N/A
Statement of Operations
MOR-2
Yes
N/A
N/A
Balance Sheet
MOR-3
Yes
N/A
N/A
Status of Postpetition Taxes
MOR-4
Yes
N/A
N/A
Copies of IRS Form 6123 or payment receipt
 
N/A
N/A
N/A
Copies of tax returns filed during reporting period
 
N/A
N/A
N/A
Summary of Unpaid Postpetition Debts
MOR-4
Yes
N/A
N/A
Listing of aged accounts payable
MOR-4
Yes
N/A
N/A
Accounts Receivable Reconciliation and Aging
MOR-5
Yes
N/A
N/A
Debtor Questionnaire
MOR-5
Yes
N/A
N/A
 
 
I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.
 
  
 
 
 
3/25/2008
  
Signature of Authorized Individual*
  
Date
  
       
       
A. Keith Wall
 
CFO
  
Printed Name of Authorized Individual
  
Title of Authorized Individual
  
       
       
       
*Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.
 

In re: Buffets Holdings, Inc. and Subsidiaries
  
Case No. 08-10142
Debtor
Reporting Period: 01/22/2008 - 02/06/2008 (Stub Period)
                   
                   
SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS
                   
Per agreement with the U.S. Trustee, the Debtor has provided weekly cash flow information, on a consolidated basis.
 
Buffet Inc.
                 
Cash Flow Forecast ($000)
  
(1)
              
   
Week 2 Ended
  
Week 3 Ended
  
Week 4 Ended
  
Total
 
   
1/23/2008
  
1/30/08
  
2/6/08
  
Stub Period
  
                   
Cash Receipts (inc Sales tax)
                  
Cash Receipts
    
5,486
    
27,677
    
18,249
    
51,412
  
Credit Card
    
3,443
    
11,906
    
12,166
    
27,515
  
Receipts
   
8,929
    
39,583
    
30,415
    
78,927
  
(Gift Card Usage)
    
0
    
0
    
-326
    
-326
  
Rebates, Other
   
0
    
3,122
    
0
    
3,122
  
Total Cash Receipts
    
8,929
    
42,705
    
30,089
    
81,723
  
                           
Operating Disbursements
                          
A/P 
                          
Check
    
0
    
725
    
2,259
    
2,984
  
EFT
    
0
    
12,220
    
12,801
    
25,021
  
Change in Trade Terms 
    
0
    
1,586
    
11,586
    
13,172
  
                       
0
  
Payroll 
    
0
    
11,157
    
10,149
    
21,306
  
                       
0
  
Rent (Cash Occupancy) 
    
0
    
0
    
9,300
    
9,300
  
                       
0
  
Sales Tax 
    
0
    
0
    
2,600
    
2,600
  
Other Operating 
    
0
    
4,685
    
7,371
    
12,056
  
Total Operating Disbursements
    
0
    
30,373
    
56,066
    
86,439
  
Net Operating Cash Flows
    
8,929
    
12,332
    
-25,977
    
-4,716
  
                           
Non-Operating Disb/(Receipts)
                          
Income Tax 
    
0
    
0
    
0
    
0
  
Total CapEx 
    
0
    
0
    
625
    
625
  
Professional Fees, inc. Holdbacks 
    
0
    
0
    
0
    
0
  
Closed Restaurant Costs 
    
0
    
0
    
0
    
0
  
Deposits (Utility) 
    
0
    
0
    
0
    
0
  
Other 
    
0
    
0
    
0
    
0
  
Cash (Proceeds) from Asset Sales 
    
0
    
0
    
0
    
0
  
Total Non-Operating Disbursements
    
0
    
0
    
625
    
625
  
                           
Financing Payments
                          
Interest Expense 
    
0
    
56
    
256
    
312
  
Interest (Income) 
    
0
    
0
    
0
    
0
  
DIP Fees / Other 
    
0
    
0
    
0
    
0
  
Principal Payments 
    
0
    
0
    
0
    
0
  
Total Financing Disbursements
    
0
    
56
    
256
    
312
  
                           
Total Net Disbursements
    
0
    
30,429
    
56,947
    
87,376
  
                           
Net Cash Receipts (Disbursements)
    
8,929
    
12,276
    
-26,857
    
-5,653
  
 
(1)
The cash receipts for this week have been prorated to include the 2 days (January 22 and 23) subsequent to the January 21, 2008 petition date. There were no cash disbursements for these two days as the Company held all payments until the court entered orders auhtorizing the Debtors to make such disbursements.
 
THE FOLLOWING SECTION MUST BE COMPLETED
 
DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES:
                           
Per agreement with the U.S. Trustee, the Debtor will calculate the Trustee Fee on a per legal entity basis by allocating consolidated disbursements above, based on the percentage of total expenses per the Income Statement applicable to each legal entity.
                           
 
   
BUFFETS
INC.
  
BUFFETS LEASING
  
BUFFETS HOLDING
  
OCB REST CO
  
OCB REST LEASING
  
HOMETOWN BUFFET
  
HTB
LEASING CO
  
Allocation %
    
8.39
% 
 
0.00
% 
 
0.00
% 
 
32.94
% 
 
0.00
% 
 
12.71
% 
 
0.00
%
Total Disbursements
    
7,333.69
    
0.00
    
0.00
    
28,778.16
    
0.00
    
11,108.91
    
0.00
  
 
 
  
 RYAN'S ELIM
  
 RYAN'S INC.
  
 RYAN'S LEASING
  
 RYAN'S MGMT
  
 FIRE MTN INC.
  
 FIRE MTN LEASING
  
 FIRE MTN MGMT
  
Allocation %
    
0.00
% 
 
2.30
% 
 
0.00
% 
 
0.22
% 
 
36.74
% 
 
0.00
% 
 
4.80
%
Total Disbursements
    
0.00
    
2,011.90
    
0.00
    
192.82
    
32,103.12
    
0.00
    
4,197.20
  
 
   
 BIG R PROCURE
  
 TAHOE JOE'S
  
 THJ LEASING
  
 OCB PURCHASING
  
 BUFFETS FRANCHISE
  
 CONSOLIDATED
    
Allocation %
    
0.00
% 
 
1.89
% 
 
0.00
% 
 
0.00
% 
 
0.00
% 
 
100.00
%
    
Total Disbursements
    
0.00
    
1,648.21
    
0.00
    
0.00
    
1.57
    
87,375.58
      
 

In re: Buffets Holdings, Inc. and Subsidiaries
  Case No. 08-10142
Debtor
  Reporting Period: 01/22/2008 - 02/06/2008 (Stub Period)
 
BANK RECONCILIATIONS

 
  
100 BUFFETS, INC.
  
101 BUFFETS LEASING COMPANY
  
150 BUFFETS HOLDINGS, INC
  
200 OCB RESTAURANT COMPANY, LLC
  
201 OCB LEASING COMPANY, LLC
  
250 HOMETOWN BUFFET, INC.
  
251 HOMETOWN LEASING COMPANY
  
256 TAHOE JOE'S, INC.
  
257 TAHOE JOES LEASING COMPANY
  
450 BUFFETS FRANCHISE HOLDINGS, LL
  
CASH ON HAND - DRAWER
    
29,600
    
-
    
-
    
562,524
    
-
    
206,837
    
-
    
28,300
    
-
    
-
  
TOTAL DEPOSITORY ACCOUNT
    
99,488
    
-
    
-
    
1,980,859
    
-
    
1,058,042
    
-
    
24,400
    
-
    
-
  
DEPOSITORY ACCOUNT
    
-
    
-
    
-
    
122,135
    
-
    
7,714
    
-
    
-
    
-
    
-
  
DEPOSITORY - NATIONAL CITY BANK - CO. 200
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
DEPOSITORY - REGIONS BANK
    
-
    
-
    
-
    
34,899
    
-
    
-
    
-
    
-
    
-
    
-
  
DEPOSITORY - HSBC BANK
    
-
    
-
    
-
    
39,913
    
-
    
-
    
-
    
-
    
-
    
-
  
DEPOSITORY - US BANK - CO. 250
    
-
    
-
    
-
    
-
    
-
    
883,107
    
-
    
-
    
-
    
-
  
DEPOSITORY - BANK OF AMERICA EAST
    
-
    
-
    
-
    
666,115
    
-
    
80,140
    
-
    
-
    
-
    
-
  
DEPOSITORY - NATIONAL CITY BANK - MI
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
DEPOSITORY - 5TH THIRD BANK
    
-
    
-
    
-
    
226,095
    
-
    
-
    
-
    
-
    
-
    
-
  
DEPOSITORY - US BANK - CO. 200
    
-
    
-
    
-
    
570,799
    
-
    
-
    
-
    
-
    
-
    
-
  
DEPOSITORY - US BANK - CO.100
    
62,790
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
DEPOSITORY - WELLS FARGO - CO. 200
    
-
    
-
    
-
    
159,381
    
-
    
-
    
-
    
24,400
    
-
    
-
  
DEPOSITORY - NATIONAL CITY BANK - PA
    
-
    
-
    
-
    
65,739
    
-
    
-
    
-
    
-
    
-
    
-
  
DEPOSITORY - NATIONAL CITY BANK - OH
    
-
    
-
    
-
    
-
    
-
    
32,987
    
-
    
-
    
-
    
-
  
DEPOSITORY - NATIONAL CITY BANK - IN
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
DEPOSITORY - WELLS FARGO - CO. 100
    
36,697
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
DEPOSITORY - BANK MIDWEST
    
-
    
-
    
-
    
4,951
    
-
    
-
    
-
    
-
    
-
    
-
  
DEPOSITORY - KEY BANK
    
-
    
-
    
-
    
49,559
    
-
    
-
    
-
    
-
    
-
    
-
  
DEPOSITORY - CHEMUNG CANAL TRUST COMPANY
    
-
    
-
    
-
    
8,914
    
-
    
-
    
-
    
-
    
-
    
-
  
DEPOSITORY - WELLS FARGO CO. 250
    
-
    
-
    
-
    
-
    
-
    
54,094
    
-
    
-
    
-
    
-
  
DEPOSITORY - HUNTINGTON BANK
    
-
    
-
    
-
    
7,554
    
-
    
-
    
-
    
-
    
-
    
-
  
DEPOSITORY - BANK NORTH
    
-
    
-
    
-
    
13,758
    
-
    
-
    
-
    
-
    
-
    
-
  
DEPOSITORY - ASSOCIATED BANK
    
-
    
-
    
-
    
11,047
    
-
    
-
    
-
    
-
    
-
    
-
  
DEPOSITORY - BANK OF AMERICA #1 - RYAN'S
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
DEPOSITORY - US BANK - RYAN'S
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
DEPOSITORY - BB&T
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
DEPOSITORY - SUNTRUST
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
DEPOSITORY - GREAT SOUTHERN BANK
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
DEPOSITORY - WELLS FARGO - RYAN'S
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
DEPOSITORY - HIBERNIA/CAPITAL ONE
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
DEPOSITORY - BANK OF OKLAHOMA
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
DEPOSITORY - WACHOVIA - RYAN'S
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
DEPOSITORY - COMPASS
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
DEPOSITORY - AMSOUTH
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
DEPOSITORY - FIRST CITIZENS
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
DEPOSITORY - JPMORGAN CHASE
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
DEPOSITORY - M&T BANK
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
DEPOSITORY - NATIONAL CITY - IL
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
DEPOSITORY - AMERICAN NATIONAL BANK
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
DEPOSITORY - FIRST COMMONWEALTH
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
DEPOSITORY - FIRST MIDWEST
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
DEPOSITORY - FIFTH THIRD
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
DEPOSITORY - FIRST NATNL BANK OF PA
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
TEMPORARY INVESTMENTS
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
CASH
    
61,741,205
    
-
    
36,271
    
-
    
-
    
-
    
-
    
-
    
-
    
250,000
  
CASH - US BANK
    
52,182,331
    
-
    
36,271
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
CASH - US BANK - A/P
    
741,396
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
CASH - WELLS FARGO - SLB
    
48,028
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
CASH - US BANK - CREDIT CARD
    
19,862,275
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
CASH - US BANK - UTILITY CLEARING
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
CASH - US BANK - MIT EXPENSE REIMBURSEMENT
    
10,498
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
CASH - US BANK - FRANCHISE HOLDINGS
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
250,000
  
CASH - US BANK - FRANCHISE GIFT CARD SETTLEMENT
    
37,787
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
CASH - US BANK - PAYROLL
    
(11,166,339
)
  
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
CASH - US BANK - RYAN'S PAYROLL
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
CASH - FIFTH THIRD BANK - NSF
    
25,229
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
CASH - WACHOVIA MASTER
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
CASH - BANK OF AMERICA MASTER
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
CASH - PAYROLL ACCOUNT
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
CASH - PAYROLL ACCOUNT
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
CASH - MET LIFE DENTAL PLAN
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
TOTAL CASH & CASH EQUIVALENTS
    
61,870,292
    
-
    
36,271
    
2,543,383
    
-
    
1,264,879
    
-
    
52,700
    
-
    
250,000
  
 

 
  
610 RYAN'S RESTAURANT GROUP, INC.
  
611 RYAN'S RESTAURANT LEASING COMP
  
615 RYAN'S RESTAURANT MANAGEMENT G
  
620 FIRE MOUNTAIN RESTAURANTS, LLC
  
621 FIRE MOUNTAIN LEASING COMPANY,
  
625 FIRE MOUNTAIN MANAGEMENT GROUP
  
640 RYAN'S PROPERTIES, INC.
  
800 OCB PURCHASING CO
  
Total
  
CASH ON HAND - DRAWER
    
55,224
    
-
    
-
    
610,573
    
-
    
-
    
-
    
-
    
1,493,058
  
TOTAL DEPOSITORY ACCOUNT
    
531,119
    
-
    
-
    
2,013,181
    
-
    
-
    
-
    
-
    
5,707,088
  
DEPOSITORY ACCOUNT
    
-
    
-
    
-
    
5,769
    
-
    
-
    
-
    
-
    
135,618
  
DEPOSITORY - NATIONAL CITY BANK - CO. 200
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
DEPOSITORY - REGIONS BANK
    
-
    
-
    
-
    
209,908
    
-
    
-
    
-
    
-
    
244,807
  
DEPOSITORY - HSBC BANK
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
39,913
  
DEPOSITORY - US BANK - CO. 250
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
883,107
  
DEPOSITORY - BANK OF AMERICA EAST
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
746,254
  
DEPOSITORY - NATIONAL CITY BANK - MI
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
DEPOSITORY - 5TH THIRD BANK
    
419,108
    
-
    
-
    
66,363
    
-
    
-
    
-
    
-
    
711,565
  
DEPOSITORY - US BANK - CO. 200
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
570,799
  
DEPOSITORY - US BANK - CO.100
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
62,790
  
DEPOSITORY - WELLS FARGO - CO. 200
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
183,780
  
DEPOSITORY - NATIONAL CITY BANK - PA
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
65,739
  
DEPOSITORY - NATIONAL CITY BANK - OH
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
32,987
  
DEPOSITORY - NATIONAL CITY BANK - IN
    
-
    
-
    
-
    
(1,253
)
  
-
    
-
    
-
    
-
    
(1,253
)
DEPOSITORY - WELLS FARGO - CO. 100
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
36,697
  
DEPOSITORY - BANK MIDWEST
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
4,951
  
DEPOSITORY - KEY BANK
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
49,559
  
DEPOSITORY - CHEMUNG CANAL TRUST COMPANY
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
8,914
  
DEPOSITORY - WELLS FARGO CO. 250
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
54,094
  
DEPOSITORY - HUNTINGTON BANK
    
-
    
-
    
-
    
34,185
    
-
    
-
    
-
    
-
    
41,740
  
DEPOSITORY - BANK NORTH
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
13,758
  
DEPOSITORY - ASSOCIATED BANK
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
11,047
  
DEPOSITORY - BANK OF AMERICA #1 - RYAN'S
    
34,940
    
-
    
-
    
511,114
    
-
    
-
    
-
    
-
    
546,054
  
DEPOSITORY - US BANK - RYAN'S
    
24,464
    
-
    
-
    
84,311
    
-
    
-
    
-
    
-
    
108,775
  
DEPOSITORY - BB&T
    
-
    
-
    
-
    
183,263
    
-
    
-
    
-
    
-
    
183,263
  
DEPOSITORY - SUNTRUST
    
-
    
-
    
-
    
46,607
    
-
    
-
    
-
    
-
    
46,607
  
DEPOSITORY - GREAT SOUTHERN BANK
    
-
    
-
    
-
    
29,014
    
-
    
-
    
-
    
-
    
29,014
  
DEPOSITORY - WELLS FARGO - RYAN'S
    
14,654
    
-
    
-
    
54,046
    
-
    
-
    
-
    
-
    
68,700
  
DEPOSITORY - HIBERNIA/CAPITAL ONE
    
-
    
-
    
-
    
72,831
    
-
    
-
    
-
    
-
    
72,831
  
DEPOSITORY - BANK OF OKLAHOMA
    
-
    
-
    
-
    
20,874
    
-
    
-
    
-
    
-
    
20,874
  
DEPOSITORY - WACHOVIA - RYAN'S
    
-
    
-
    
-
    
155,263
    
-
    
-
    
-
    
-
    
155,263
  
DEPOSITORY - COMPASS
    
-
    
-
    
-
    
49,793
    
-
    
-
    
-
    
-
    
49,793
  
DEPOSITORY - AMSOUTH
    
-
    
-
    
-
    
168,392
    
-
    
-
    
-
    
-
    
168,392
  
DEPOSITORY - FIRST CITIZENS
    
-
    
-
    
-
    
57,410
    
-
    
-
    
-
    
-
    
57,410
  
DEPOSITORY - JPMORGAN CHASE
    
16,750
    
-
    
-
    
137,162
    
-
    
-
    
-
    
-
    
153,912
  
DEPOSITORY - M&T BANK
    
-
    
-
    
-
    
33,810
    
-
    
-
    
-
    
-
    
33,810
  
DEPOSITORY - NATIONAL CITY - IL
    
-
    
-
    
-
    
34,207
    
-
    
-
    
-
    
-
    
34,207
  
DEPOSITORY - AMERICAN NATIONAL BANK
    
-
    
-
    
-
    
15,397
    
-
    
-
    
-
    
-
    
15,397
  
DEPOSITORY - FIRST COMMONWEALTH
    
-
    
-
    
-
    
12,606
    
-
    
-
    
-
    
-
    
12,606
  
DEPOSITORY - FIRST MIDWEST
    
15,124
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
15,124
  
DEPOSITORY - FIFTH THIRD
    
6,079
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
6,079
  
DEPOSITORY - FIRST NATNL BANK OF PA
    
-
    
-
    
-
    
32,109
    
-
    
-
    
-
    
-
    
32,109
  
TEMPORARY INVESTMENTS
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
1,107
    
1,107
  
CASH
    
(4,130,318
)
  
-
    
-
    
401
    
-
    
-
    
-
    
-
    
57,897,558
  
CASH - US BANK
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
52,218,602
  
CASH - US BANK - A/P
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
741,396
  
CASH - WELLS FARGO - SLB
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
48,028
  
CASH - US BANK - CREDIT CARD
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
19,862,275
  
CASH - US BANK - UTILITY CLEARING
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
  
CASH - US BANK - MIT EXPENSE REIMBURSEMENT
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
10,498
  
CASH - US BANK - FRANCHISE HOLDINGS
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
250,000
  
CASH - US BANK - FRANCHISE GIFT CARD SETTLEMENT
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
37,787
  
CASH - US BANK - PAYROLL
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
(11,166,339
)
CASH - US BANK - RYAN'S PAYROLL
    
(3,856,126
)
  
-
    
-
    
-
    
-
    
-
    
-
    
-
    
(3,856,126
)
CASH - FIFTH THIRD BANK - NSF
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
25,229
  
CASH - WACHOVIA MASTER
    
15,143
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
15,143
  
CASH - BANK OF AMERICA MASTER
    
9,843
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
9,843
  
CASH - PAYROLL ACCOUNT
    
(314,931
)
  
-
    
-
    
401
    
-
    
-
    
-
    
-
    
(314,531
)
CASH - PAYROLL ACCOUNT
    
(314,931
)
  
-
    
-
    
401
    
-
    
-
    
-
    
-
    
(314,531
)
CASH - MET LIFE DENTAL PLAN
    
15,753
    
-
    
-
    
-
    
-
    
-
    
-
    
-
    
15,753
  
TOTAL CASH & CASH EQUIVALENTS
    
(3,543,975
)
  
-
    
-
    
2,624,155
    
-
    
-
    
-
    
1,107
    
65,098,811
  

Certain of the cash accounts indicate negative balances because such accounts are not funded until checks clear the account.

I hereby certify that the cash accounts of the debtor and all affiliated debtors are reconciled on a regular and timely basis.
 
Keith A. Wall, CFO

 
In re: Buffets Holdings, Inc. and Subsidiaries
Case No. 08-10142
Debtor
        
Reporting Period: 01/22/2008 - 02/06/2008 (Stub Period)
                   
 
SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID
This schedule is to include all retained professional payments from case inception to current month.

 
Payee
Period
Covered
Amount
Approved
 
Payor
Check
Amount Paid
Year-To-Date
Number 
Date 
Fees
Expenses 
Fees
Expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
 
 
 
 
$0
$0
$0
$0
 
 
Buffets Holdings, Inc.
INCOME STATEMENT (ALL COMPANIES) - PTD
PERIOD: Stub Period 8             ENDING: 2/6/2008
 
   
ELIMINATIONS
 
BUFFETS INC.
 
BUFFETS LEASING
 
BUFFETS HOLDING
 
OCB REST CO
 
OCB REST LEASING
 
HOMETOWN BUFFET
 
HTB LEASING CO
 
RYAN'S ELIM
 
RYAN'S INC.
 
RYAN'S LEASING
  
                                               
TOTAL SALES
    
0
   
1,704,234
   
0
   
0
   
24,282,335
   
0
   
10,079,991
   
0
   
0
   
1,072,849
   
0
 
TOTAL FOOD COST
    
0
   
605,293
   
(261
)
  
0
   
8,455,857
   
(19,400
)
  
3,528,470
   
(837
)
  
0
   
(154,280
)
  
0
 
TOTAL LABOR
    
0
   
513,925
   
0
   
0
   
7,735,908
   
0
   
2,381,673
   
0
   
0
   
265,181
   
0
 
OPERATING COSTS
    
0
   
(107,722
)
  
(1,251
)
  
0
   
2,607,141
   
(52,125
)
  
986,228
   
(6,096
)
  
0
   
220,479
   
0
 
OCCUPANCY COSTS
    
0
   
(24,360
)
  
(373
)
  
0
   
2,810,589
   
305,874
   
922,763
   
71,290
   
0
   
143,393
   
0
 
TOTAL DIR & O/C
    
0
   
(132,082
)
  
(1,624
)
  
0
   
5,417,730
   
253,750
   
1,908,991
   
65,194
   
0
   
363,872
   
0
 
                                                                     
TOTAL RESTAURANT COSTS
    
0
   
987,136
   
(1,886
)
  
0
   
21,609,494
   
234,350
   
7,819,134
   
64,357
   
0
   
474,772
   
0
 
                                                                     
RESTAURANT PROFIT (LEVEL 4)
    
0
   
717,098
   
1,886
   
0
   
2,672,840
   
(234,350
)
  
2,260,857
   
(64,357
)
  
0
   
598,077
   
0
 
                                                                     
TOTAL G&A EXPENSE
    
(28,857
)
  
1,535,973
   
46,322
   
0
   
63,257
   
5,420
   
0
   
0
   
0
   
56,229
   
0
 
MARKETING
    
0
   
2,535,187
   
524
   
0
   
13,228
   
204
   
0
   
0
   
0
   
0
   
0
 
TOTAL SG&A EXPENSE
    
(28,857
)
  
4,071,160
   
46,846
   
0
   
76,484
   
5,623
   
0
   
0
   
0
   
56,229
   
0
 
                                                                     
CLOSED RESTAURANT COSTS
    
0
   
0
   
0
   
0
   
39,494
   
0
   
(5,489
)
  
0
   
0
   
12,017
   
0
 
LOSS ON LITIGATION SETTLEMENT
    
0
   
(46,088
)
  
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
MERGER/INTEGRATION COSTS
    
0
   
(2,201
)
  
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
EARNINGS FROM OPERATIONS
    
28,857
   
(3,305,773
)
  
(44,961
)
  
0
   
2,556,862
   
(239,973
)
  
2,266,346
   
(64,357
)
  
0
   
529,830
   
0
 
                                                                     
OTHER INCOME (EXPENSE)
                                                                    
FRANCHISE INCOME
    
0
   
8,196
   
0
   
0
   
0
   
0
   
35,977
   
0
   
0
   
0
   
0
 
INTEREST INCOME
    
(6,116
)
  
6,260
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
INTEREST EXPENSE
    
6,116
   
(7,038,653
)
  
0
   
0
   
0
   
0
   
0
   
0
   
0
   
(3,895
)
  
0
 
OTHER INCOME (EXPENSE)
    
(28,857
)
  
28,857
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
1,645
   
0
 
INTERCOMPANY
    
1
   
6,019,811
   
61,414
   
0
   
(1,932,366
)
  
412,219
   
(1,318,721
)
  
108,200
   
0
   
(1,107,019
)
  
0
 
TOTAL OTHER INCOME (EXPENSE)
    
(28,856
)
  
(975,529
)
  
61,414
   
0
   
(1,932,366
)
  
412,219
   
(1,282,744
)
  
108,200
   
0
   
(1,109,269
)
  
0
 
                                                                     
EARNINGS BEFORE TAX
    
1
   
(4,281,301
)
  
16,453
   
0
   
624,496
   
172,246
   
983,602
   
43,843
   
0
   
(579,438
)
  
0
 
                                                                     
NET WORTH TAX
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
INCOME TAXES
    
0
   
48,000
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
NET EARNINGS (LOSS)
    
1
   
(4,329,301
)
  
16,453
   
0
   
624,496
   
172,246
   
983,602
   
43,843
   
0
   
(579,438
)
  
0
 
                                                                     
Total Expense Net
    
(34,974
)
  
6,028,849
   
(16,453
)
  
0
   
23,657,839
   
(172,246
)
  
9,132,366
   
(43,843
)
  
0
   
1,653,932
   
0
 
Expense, gross
    
0
    
6,028,849
   
0
    
0
   
23,657,839
   
0
   
9,132,366
   
0
   
0
   
1,653,932
   
0
 
Expense Allocation (1)
    
0.0000
%
  
8.3933
%
  
0.0000
%
  
0.0000
%
  
32.9362
%
  
0.0000
%
  
12.7140
%
  
0.0000
%
  
0.0000
%
  
2.3026
%
  
0.0000
%
 

   
RYAN'S MGMT
 
FIRE MTN INC.
 
FIRE MTN LEASING
 
FIRE MTN MGMT
 
BIG R PROCURE
 
TAHOE JOE'S
 
THJ LEASING
 
OCB PURCHASING
 
BUFFETS FRANCHISE
 
CONSOLIDATED
  
                                           
TOTAL SALES
    
0
   
27,734,163
   
0
   
0
   
0
   
1,379,476
   
0
   
0
   
0
   
66,253,047
 
TOTAL FOOD COST
    
0
   
9,230,938
   
0
   
0
   
0
   
435,241
   
0
   
(632,629
)
  
0
   
21,448,391
 
TOTAL LABOR
    
117,673
   
5,963,459
   
0
   
2,966,727
   
0
   
525,639
   
0
   
0
   
0
   
20,470,184
 
OPERATING COSTS
    
(90
)
  
3,050,462
   
0
   
0
   
0
   
179,731
   
0
   
(148,381
)
  
0
   
6,728,376
 
OCCUPANCY COSTS
    
0
   
4,271,344
   
0
   
0
   
0
   
95,859
   
0
   
0
   
0
   
8,596,378
 
TOTAL DIR & O/C
    
(90
)
  
7,321,806
   
0
   
0
   
0
   
275,589
   
0
   
(148,381
)
  
0
   
15,324,754
 
                                                               
TOTAL RESTAURANT COSTS
    
117,582
   
22,516,203
   
0
   
2,966,727
   
0
   
1,236,469
   
0
   
(781,010
)
  
0
   
57,243,329
 
                                                               
RESTAURANT PROFIT (LEVEL 4)
    
(117,582
)
  
5,217,960
   
0
   
(2,966,727
)
  
0
   
143,007
   
0
   
781,010
   
0
   
9,009,718
 
                                                               
TOTAL G&A EXPENSE
    
40,933
   
25,974
   
0
   
483,693
   
0
   
94,025
   
0
   
43,534
   
0
   
2,366,502
 
MARKETING
    
0
   
(2,083
)
  
0
   
0
   
0
   
0
   
0
   
(14
)
  
0
   
2,547,045
 
TOTAL SG&A EXPENSE
    
40,933
   
23,890
   
0
   
483,693
   
0
   
94,025
   
0
   
43,520
   
0
   
4,913,547
 
                                                               
CLOSED RESTAURANT COSTS
    
0
   
55,330
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
101,352
 
LOSS ON LITIGATION SETTLEMENT
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
(46,088
)
MERGER/INTEGRATION COSTS
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
(2,201
)
EARNINGS FROM OPERATIONS
    
(158,516
)
  
5,138,739
   
0
   
(3,450,420
)
  
0
   
48,982
   
0
   
737,490
   
0
   
4,043,108
 
                                                               
OTHER INCOME (EXPENSE)
                                                              
FRANCHISE INCOME
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
44,173
 
INTEREST INCOME
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
144
 
INTEREST EXPENSE
    
0
   
0
   
0
   
0
   
0
   
(6,116
)
  
0
   
0
   
0
   
(7,042,548
)
OTHER INCOME (EXPENSE)
    
0
   
50
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
1,695
 
INTERCOMPANY
    
0
   
(3,795,786
)
  
0
   
0
   
0
   
(18,348
)
  
12,788
   
1,559,094
   
(1,287
)
  
0
 
TOTAL OTHER INCOME (EXPENSE)
    
0
   
(3,795,736
)
  
0
   
0
   
0
   
(24,464
)
  
12,788
   
1,559,094
   
(1,287
)
  
(6,996,536
)
                                                               
EARNINGS BEFORE TAX
    
(158,516
)
  
1,343,003
   
0
   
(3,450,420
)
  
0
   
24,518
   
12,788
   
2,296,584
   
(1,287
)
  
(2,953,427
)
                                                               
NET WORTH TAX
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
INCOME TAXES
    
0
   
0
   
0
   
0
   
0
   
29,000
   
0
   
0
   
0
   
77,000
 
NET EARNINGS (LOSS)
    
(158,516
)
  
1,343,003
   
0
   
(3,450,420
)
  
0
   
(4,482
)
  
12,788
   
2,296,584
   
(1,287
)
  
(3,030,427
)
                                                               
Total Expense Net
    
158,516
   
26,391,210
   
0
   
3,450,420
   
0
   
1,354,957
   
(12,788
)
  
(2,296,584
)
  
1,287
   
69,252,487
 
Expense, gross
    
158,516
   
26,391,210
   
0
   
3,450,420
   
0
   
1,354,957
   
0
   
0
   
1,287
   
31,356,390
 
Expense Allocation (1)
    
0.2207
%
  
36.7415
%
  
0.0000
%
  
4.8036
%
  
0.0000
%
  
4.3212
%
  
0.0000
%
  
0.0000
%
  
0.0041
%
  
100.0000
%
 
(1) Expense Allocation has been calculated by applying the expenses listed from this statement to the disbursements set forth on MOR 1 (Schedule of Cash Receipts and Disbursements)
 

In re: Buffets Holdings, Inc. and Subsidiaries
Case No. 08-10142
  
Debtor
Reporting Period.:     As of 2/6/08
 
Buffets Holdings Inc.
 
CONSOLIDATED BALANCE SHEET (ALL COMPANIES)
PERIOD ENDING: 2/6/2008

   
ELIMINATIONS
 
BUFFETS INC.
 
BUFFETS LEASING
 
BUFFETS HOLDING
 
OCB REST CO
 
OCB REST LEASING
 
HOMETOWN BUFFET
 
HTB LEASING CO
 
RYAN'S ELIM
 
RYAN'S INC.
 
RYAN'S LEASING
  
                                               
ASSETS
                                              
CURRENT ASSETS
                                              
CASH ON HAND - DRAWER
    
0
   
29,600
   
0
   
0
   
562,524
   
0
   
206,837
   
0
   
0
   
55,224
   
0
 
TOTAL DEPOSITORY ACCOUNT
    
0
   
99,488
   
0
   
0
   
1,980,859
   
0
   
1,058,042
   
0
   
0
   
531,119
   
0
 
TEMPORARY INVESTMENTS
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
CASH
   
0
   
61,741,205
   
0
   
36,271
   
0
   
0
   
0
   
0
   
0
   
(4,130,318
)
  
0
 
                                                                     
TOTAL CASH & CASH EQUIVALENTS
    
0
   
61,870,292
   
0
   
36,271
   
2,543,383
   
0
   
1,264,879
   
0
   
0
   
(3,543,975
)
  
0
 
                                                                     
RECEIVABLES - LANDLORD
    
0
   
0
   
0
   
0
   
20,000
   
0
   
0
   
0
   
0
   
0
   
0
 
CREDIT CARD RECEIVABLES
    
0
   
33,860
   
0
   
0
   
371,476
   
0
   
503,470
   
0
   
0
   
(418,205
)
  
0
 
INTERCOMPANY
    
(68
)
  
(5,332,915
)
  
(597,459
)
  
(6,189,392
)
  
6,815,641
   
(4,888,846
)
  
11,025,392
   
(678,709
)
  
0
   
(43,572,412
)
  
0
 
TOTAL REBATES RECEIVABLE
    
0
   
77,384
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
1,341,213
   
0
 
ACCOUNTS RECEIVABLE
    
0
   
310,381
   
0
   
0
   
(23,079
)
  
0
   
43,338
   
0
   
0
   
(2,092,343
)
  
0
 
DUE TO/FROM AFFILIATE
    
0
   
83,620
   
0
   
(395,988
)
  
0
   
0
   
0
   
0
   
0
   
0
   
0
 
                                                                     
TOTAL RECEIVABLES
    
(68
)
  
(4,827,670
)
  
(597,459
)
  
(6,585,380
)
  
7,184,038
   
(4,888,846
)
  
11,572,200
   
(678,709
)
  
0
   
(44,741,746
)
  
0
 
                                                                     
INVENTORY
    
0
   
868,476
   
0
   
0
   
13,143,749
   
0
   
4,150,335
   
0
   
0
   
529,809
   
0
 
                                                                     
TOTAL INVENTORIES
    
0
   
868,476
   
0
   
0
   
13,143,749
   
0
   
4,150,335
   
0
   
0
   
529,809
   
0
 
                                                                     
EMPLOYEE ADVANCES
    
0
   
38,830
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
ESCROW DEPOSITS - SHORT TERM
    
0
   
170,000
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
PREPAID CAR LEASES
    
0
   
0
   
0
   
0
   
153
   
0
   
0
   
0
   
0
   
0
   
0
 
PREPAID INSURANCE
    
0
   
331,560
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
PREPAID RENT
    
0
   
430,175
   
0
   
0
   
1,597,930
   
0
   
650,814
   
0
   
0
   
48,051
   
0
 
PREPAID OTHER
    
0
   
8,878,428
   
0
   
0
   
574,650
   
0
   
70,176
   
0
   
0
   
(23,983
)
  
0
 
PREPAID ADVERTISING
    
0
   
3,593,486
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
PREPAID RENT ESCROW
    
0
   
243
   
0
   
0
   
503,417
   
0
   
151,151
   
0
   
0
   
0
   
0
 
NOTES RECEIVABLE - SHORT TERM
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
11,216
   
0
 
                                                                     
TOTAL PREPAID EXPENSES AND OTHER ASSETS
    
0
   
13,442,722
   
0
   
0
   
2,676,150
   
0
   
872,140
   
0
   
0
   
35,283
   
0
 
                                                                     
ASSETS HELD FOR SALE
    
0
   
0
   
0
   
0
   
2,039,000
   
0
   
0
   
0
   
0
   
1,574,637
   
0
 
                                                                     
DEFERRED INCOME TAXES - CURRENT
    
0
   
14,370,000
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
DEFERRED TAX VALUATION ALLOWANCE - CURRENT
    
0
   
(11,370,000
)
  
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
                                                                     
TOTAL DEFERRED INCOME TAXES - CURRENT
    
0
   
3,000,000
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
                                                                     
TOTAL CURRENT ASSETS
    
(68
)
  
74,353,820
   
(597,459
)
  
(6,549,109
)
  
27,586,321
   
(4,888,846
)
  
17,859,554
   
(678,709
)
  
0
   
(46,145,993
)
  
0
 
                                                                     
CABINET DIVISION INVENTORY
    
0
   
0
   
0
   
0
   
5,194,419
   
0
   
0
   
0
   
0
   
0
   
0
 
CORPORATE INVENTORY
    
0
   
177,597
   
0
   
0
   
730,608
   
0
   
0
   
0
   
0
   
0
   
0
 
CIP - NON SYSTEM
    
0
   
0
   
0
   
0
   
351,529
   
0
   
0
   
0
   
0
   
0
   
0
 
LAND
    
0
   
0
   
0
   
0
   
17,000
   
0
   
0
   
0
   
0
   
500,000
   
0
 
BUILDING
    
0
   
212,644
   
0
   
0
   
1,119,179
   
0
   
0
   
0
   
0
   
4,487,287
   
0
 
ACCUMULATED DEPRECIATION - BUILDING
    
0
   
(10,588
)
  
0
   
0
   
(206,231
)
  
0
   
0
   
0
   
0
   
(177,606
)
  
0
 
LEASEHOLD IMPROVEMENTS
    
0
   
262,192
   
4,752
   
0
   
117,701,595
   
19,510
   
27,806,789
   
0
   
0
   
1,893,811
   
0
 
ACCUMULATED AMORTIZATION
    
0
   
(56,518
)
  
(36
)
  
0
   
(66,690,954
)
  
(94
)
  
(19,290,801
)
  
0
   
0
   
(125,685
)
  
0
 
EQUIPMENT
    
0
   
21,380,352
   
5,498,116
   
0
   
67,353,418
   
41,474,831
   
19,232,852
   
10,185,671
   
0
   
3,518,985
   
0
 
ACCUMULATED DEPRECIATION - EQUIPMENT
    
0
   
(19,050,788
)
  
(2,107,637
)
  
0
   
(57,760,989
)
  
(12,781,208
)
  
(17,390,148
)
  
(3,644,734
)
  
0
   
(716,360
)
  
0
 
AUTOMOBILE
    
0
   
364
   
0
   
0
   
293,017
   
0
   
0
   
0
   
0
   
0
   
0
 
ACCUMULATED DEPRECIATION - AUTO
    
0
   
(189
)
  
0
   
0
   
(129,983
)
  
0
   
0
   
0
   
0
   
0
   
0
 
                                                                     
TOTAL PROPERTY, PLANT & EQUIPMENT, net
    
0
   
2,915,065
   
3,395,195
   
0
   
67,972,608
   
28,713,039
   
10,358,691
   
6,540,938
   
0
   
9,380,431
   
0
 
                                                                     
GOODWILL
    
0
   
294,758,024
   
0
   
0
   
(0
)
  
0
   
10,022,815
   
0
   
0
   
187,696,769
   
0
 
INTELLECTUAL PROPERTY
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
ACQUISITION COSTS
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
18,133,818
   
0
 
                                                                     
TOTAL GOODWILL
    
0
   
294,758,024
   
0
   
0
   
(0
)
  
0
   
10,022,815
   
0
   
0
   
205,830,586
   
0
 
                                                                     
DEFERRED INCOME TAXES - NON-CURRENT
    
0
   
17,272,574
   
0
   
14,280,000
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
DEFFERED TAX VALUATION ALLOWANCE - NON-CURRENT
    
0
   
(17,272,574
)
  
0
   
(14,280,000
)
  
0
   
0
   
0
   
0
   
0
   
0
   
0
 
                                                                     
TOTAL OTHER INTANGIBLE ASSETS
    
0
   
0
   
0
   
0
   
935,856
   
0
   
0
   
0
   
0
   
65,748,163
   
0
 
                                                                     
PREPAID RENT DEPOSITS
    
0
   
246
   
0
   
0
   
16,900
   
0
   
4,500
   
0
   
0
   
0
   
0
 
DEPOSITS
    
0
   
238,306
   
0
   
37,585
   
315,907
   
0
   
18,424
   
0
   
0
   
197,200
   
0
 
INVESTMENTS IN SUBSIDIARIES
    
(281,439,912
)
  
279,434,972
   
0
   
0
   
0
   
0
   
2,004,939
   
0
   
(462,780,302
)
  
462,780,302
   
0
 
INTEREST RATE SWAP
    
0
   
(538,930
)
  
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
TOTAL DEBT ISSUANCE COSTS
    
0
   
36,989,032
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
TOTAL ACCUM AMORTIZATION DEBT ISSUANCE COSTS
    
0
   
(6,612,366
)
  
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
NOTES RECEIVABLE FROM SUBSIDIARIES
    
(149,800,000
)
  
149,800,000
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
TOTAL NOTES RECEIVABLE - LONG TERM
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
18,362
   
0
 
                                                                     
TOTAL OTHER NONCURRENT ASSETS
    
(431,239,912
)
  
459,311,261
   
0
   
37,585
   
332,807
   
0
   
2,027,862
   
0
   
(462,780,302
)
  
462,995,864
   
0
 
                                                                     
TOTAL ASSETS
    
(431,239,980
)
  
831,338,171
   
2,797,736
   
(6,511,524
)
  
96,827,593
   
23,824,193
   
40,268,922
   
5,862,229
   
(462,780,302
)
  
697,809,052
   
0
 
 

   
RYAN'S MGMT
 
FIRE MTN INC.
 
FIRE MTN LEASING
 
FIRE MTN MGMT
 
BIG R PROCURE
 
TAHOE JOE'S
 
THJ LEASING
 
OCB PURCHASING
 
BUFFETS FRANCHISE
 
CONSOLIDATED
  
                                           
ASSETS
                                          
CURRENT ASSETS
                                          
CASH ON HAND - DRAWER
    
0
   
610,573
   
0
   
0
   
0
   
28,300
   
0
   
0
   
0
   
1,493,058
 
TOTAL DEPOSITORY ACCOUNT
    
0
   
2,013,181
   
0
   
0
   
0
   
24,400
   
0
   
0
   
0
   
5,707,088
 
TEMPORARY INVESTMENTS
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
1,107
   
0
   
1,107
 
CASH
   
0
   
401
   
0
   
0
   
0
   
0
   
0
   
0
   
250,000
   
57,897,558
 
                                                               
TOTAL CASH & CASH EQUIVALENTS
    
0
   
2,624,155
   
0
   
0
   
0
   
52,700
   
0
   
1,107
   
250,000
   
65,098,811
 
                                                               
RECEIVABLES - LANDLORD
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
20,000
 
CREDIT CARD RECEIVABLES
    
0
   
889,941
   
0
   
0
   
0
   
107,328
   
0
   
0
   
0
   
1,487,870
 
INTERCOMPANY
    
(2,546,076
)
  
76,569,379
   
13,033
   
(46,935,641
)
  
0
   
(1,068,813
)
  
400,948
   
17,067,427
   
(81,489
)
  
0
 
TOTAL REBATES RECEIVABLE
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
2,232,716
   
0
   
3,651,313
 
ACCOUNTS RECEIVABLE
    
0
   
2,294,412
   
0
   
0
   
0
   
49,913
   
0
   
0
   
0
   
582,623
 
DUE TO/FROM AFFILIATE
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
(312,368
)
                                                               
TOTAL RECEIVABLES
    
(2,546,076
)
  
79,753,732
   
13,033
   
(46,935,641
)
  
0
   
(911,573
)
  
400,948
   
19,300,142
   
(81,489
)
  
5,429,438
 
                                                               
INVENTORY
    
0
   
13,154,100
   
0
   
0
   
0
   
841,153
   
0
   
0
   
0
   
32,687,622
 
                                                               
TOTAL INVENTORIES
    
0
   
13,154,100
   
0
   
0
   
0
   
841,153
   
0
   
0
   
0
   
32,687,622
 
                                                               
EMPLOYEE ADVANCES
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
38,830
 
ESCROW DEPOSITS - SHORT TERM
    
0
   
0
   
0
   
0
   
0
   
15,000
   
0
   
0
   
0
   
185,000
 
PREPAID CAR LEASES
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
153
 
PREPAID INSURANCE
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
331,560
 
PREPAID RENT
    
0
   
2,981,137
   
0
   
0
   
0
   
79,288
   
0
   
0
   
0
   
5,787,395
 
PREPAID OTHER
    
0
   
108,281
   
0
   
0
   
0
   
286,196
   
0
   
8,146
   
0
   
9,901,894
 
PREPAID ADVERTISING
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
3,593,486
 
PREPAID RENT ESCROW
    
0
   
5,093
   
0
   
0
   
0
   
13,172
   
0
   
0
   
0
   
673,076
 
NOTES RECEIVABLE - SHORT TERM
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
11,216
 
                                                               
TOTAL PREPAID EXPENSES AND OTHER ASSETS
    
0
   
3,094,511
   
0
   
0
   
0
   
393,657
   
0
   
8,146
   
0
   
20,522,609
 
                                                               
ASSETS HELD FOR SALE
    
0
   
20,873,233
   
0
   
0
   
0
   
13,451,236
   
976,478
   
0
   
0
   
38,914,585
 
                                                               
DEFERRED INCOME TAXES - CURRENT
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
14,370,000
 
DEFERRED TAX VALUATION ALLOWANCE - CURRENT
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
(11,370,000
)
                                                               
TOTAL DEFERRED INCOME TAXES - CURRENT
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
3,000,000
 
                                                               
TOTAL CURRENT ASSETS
    
(2,546,076
)
  
119,499,731
   
13,033
   
(46,935,641
)
  
0
   
13,827,173
   
1,377,426
   
19,309,395
   
168,511
   
165,653,065
 
                                                               
CABINET DIVISION INVENTORY
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
5,194,419
 
CORPORATE INVENTORY
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
908,205
 
CIP - NON SYSTEM
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
351,529
 
LAND
    
0
   
10,001,836
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
10,518,836
 
BUILDING
    
0
   
4,013,512
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
9,832,622
 
ACCUMULATED DEPRECIATION - BUILDING
    
0
   
(384,806
)
  
0
   
0
   
0
   
0
   
0
   
0
   
0
   
(779,231
)
LEASEHOLD IMPROVEMENTS
    
0
   
13,319,877
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
161,008,525
 
ACCUMULATED AMORTIZATION
    
0
   
(887,707
)
  
0
   
0
   
0
   
(14
)
  
14
   
0
   
0
   
(87,051,795
)
EQUIPMENT
    
0
   
59,587,954
   
(7,783
)
  
0
   
0
   
0
   
0
   
93,021
   
0
   
228,317,418
 
ACCUMULATED DEPRECIATION - EQUIPMENT
    
0
   
(13,836,189
)
  
0
   
0
   
0
   
0
   
0
   
(83,585
)
  
0
   
(127,371,639
)
AUTOMOBILE
    
0
   
20,918
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
314,299
 
ACCUMULATED DEPRECIATION - AUTO
    
0
   
(14,927
)
  
0
   
0
   
0
   
0
   
0
   
0
   
0
   
(145,100
)
                                                               
TOTAL PROPERTY, PLANT & EQUIPMENT, net
    
0
   
71,820,467
   
(7,783
)
  
0
   
0
   
(14
)
  
14
   
9,436
   
0
   
201,098,088
 
                                                               
GOODWILL
    
0
   
0
   
0
   
0
   
0
   
987,969
   
0
   
0
   
0
   
493,465,577
 
INTELLECTUAL PROPERTY
    
0
   
0
   
0
   
0
   
0
   
4,089,744
   
0
   
0
   
0
   
4,089,744
 
ACQUISITION COSTS
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
18,133,818
 
                                                               
TOTAL GOODWILL
    
0
   
0
   
0
   
0
   
0
   
5,077,713
   
0
   
0
   
0
   
515,689,138
 
                                                               
DEFERRED INCOME TAXES - NON-CURRENT
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
31,552,574
 
DEFFERED TAX VALUATION ALLOWANCE - NON-CURRENT
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
(31,552,574
)
                                                               
TOTAL OTHER INTANGIBLE ASSETS
    
0
   
641,326
   
0
   
0
   
0
   
490,685
   
0
   
0
   
0
   
67,816,030
 
                                                               
PREPAID RENT DEPOSITS
    
0
   
359,995
   
0
   
0
   
0
   
8,268
   
0
   
0
   
0
   
389,909
 
DEPOSITS
    
0
   
2,288,133
   
0
   
0
   
0
   
200
   
0
   
0
   
0
   
3,095,755
 
INVESTMENTS IN SUBSIDIARIES
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
INTEREST RATE SWAP
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
(538,930
)
TOTAL DEBT ISSUANCE COSTS
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
36,989,032
 
TOTAL ACCUM AMORTIZATION DEBT ISSUANCE COSTS
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
(6,612,366
)
NOTES RECEIVABLE FROM SUBSIDIARIES
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
TOTAL NOTES RECEIVABLE - LONG TERM
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
18,362
 
                                                               
TOTAL OTHER NONCURRENT ASSETS
    
0
   
2,648,127
   
0
   
0
   
0
   
8,468
   
0
   
0
   
0
   
33,341,762
 
                                                               
TOTAL ASSETS
    
(2,546,076
)
  
194,609,652
   
5,250
   
(46,935,641
)
  
0
   
19,404,025
   
1,377,441
   
19,318,831
   
168,511
   
983,598,083
 
 
 
     
ELIMINATIONS
    
BUFFETS INC.
    
BUFFETS LEASING
    
BUFFETS HOLDING
    
OCB REST CO
    
OCB REST LEASING
    
HOMETOWN BUFFET
    
HTB LEASING CO
    
RYAN'S ELIM
    
RYAN'S INC.
    
RYAN'S LEASING
  
                                                                     
LIABILITIES & SHAREHOLDERS' EQUITY
                                                                    
CURRENT LIABILITIES
                                                                    
ACCOUNTS PAYABLE - PRE-PETITION
    
0
   
60,014,217
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
(64,138
)
  
0
 
ACCOUNTS PAYABLE - POST-PETITION
    
0
   
12,915,847
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
MISC. ACCRUALS - RESTAURANT LEVEL
    
0
   
143,158
   
0
   
0
   
2,654,983
   
0
   
775,410
   
0
   
0
   
418,266
   
0
 
MISC. ACCRUALS - WIS
    
0
   
0
   
0
   
0
   
215
   
0
   
0
   
0
   
0
   
0
   
0
 
MISC. ACCRUALS - CORP LEVEL
    
0
   
16,083
   
0
   
0
   
(302,696
)
  
0
   
0
   
0
   
0
   
4,484,813
   
0
 
                                                                     
TOTAL ACCOUNTS PAYABLE
    
0
   
73,089,305
   
0
   
0
   
2,352,501
   
0
   
775,410
   
0
   
0
   
4,838,941
   
0
 
                                                                     
ACCRUED 401(k)
    
0
   
422,228
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
ACCRUED PAYROLL
    
0
   
1,071,607
   
0
   
0
   
9,495,274
   
0
   
1,792,443
   
0
   
0
   
300,474
   
0
 
ACCRUED BONUS
    
0
   
150,000
   
0
   
0
   
0
   
0
   
245,362
   
0
   
0
   
420,074
   
0
 
ACCRUED PAYROLL TAXES
    
0
   
294,181
   
0
   
0
   
1,919,337
   
0
   
538,544
   
0
   
0
   
43,717
   
0
 
ACCRUED VACATION
    
0
   
6,084,969
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
536,942
   
0
 
                                                                     
TOTAL ACCRUED COMPENSATION
    
0
   
8,022,986
   
0
   
0
   
11,414,611
   
0
   
2,576,348
   
0
   
0
   
1,301,207
   
0
 
                                                                     
ACCRUED INSURANCE - AUTO
    
0
   
45,552
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
ACCRUED INSURANCE - GENERAL LIABILITY
    
0
   
8,594,311
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
4,485,229
   
0
 
ACCRUED INSURANCE - OTHER
    
0
   
2,936,436
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
                                                                     
TOTAL ACCRUED INSURANCE
    
0
   
11,576,299
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
4,485,229
   
0
 
                                                                     
ACCRUED PERCENTAGE RENT
    
0
   
0
   
0
   
0
   
1,025,376
   
0
   
1,040,698
   
0
   
0
   
0
   
0
 
ACCRUED INTEREST - SHORT TERM
    
0
   
34,575,537
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
ACCRUED PROPERTY TAXES
    
0
   
51,437
   
0
   
0
   
2,318,457
   
0
   
237,095
   
0
   
0
   
559,175
   
0
 
ACCRUED POSTAGE
    
0
   
0
   
0
   
0
   
(20,119
)
  
0
   
0
   
0
   
0
   
0
   
0
 
ACCRUED ADVERTISING
    
0
   
1,120,191
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
ACCRUED LIABILITIES - OTHER
    
0
   
9,507,924
   
0
   
0
   
1,252,000
   
0
   
603,102
   
0
   
0
   
2,918,936
   
0
 
                                                                     
TOTAL OTHER ACCRUED LIABILITIES
    
0
   
45,255,089
   
0
   
0
   
4,575,714
   
0
   
1,880,895
   
0
   
0
   
3,478,111
   
0
 
                                                                     
GIFT CERTIFICATES/GIFT CARDS
    
0
   
4,066,068
   
0
   
0
   
755,072
   
0
   
(1,341,490
)
  
0
   
0
   
289,535
   
0
 
CASH RECEIPTS SUSPENSE
    
0
   
100,000
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
WORKERS COMPENSATION PAYABLE
    
0
   
12,608,527
   
0
   
0
   
44,993
   
0
   
10,916
   
0
   
0
   
8,287,201
   
0
 
SALES/USE TAX PAYABLE
    
0
   
270,288
   
4,173
   
0
   
3,022,398
   
25,937
   
1,699,316
   
6,679
   
0
   
28,924
   
0
 
ACCRUED RESTAURANT CLOSING COSTS
    
0
   
0
   
0
   
0
   
1,715,592
   
0
   
105,956
   
0
   
0
   
0
   
0
 
                                                                     
TOTAL ACCRUED LIABILITIES
    
0
   
81,899,256
   
4,173
   
0
   
21,528,382
   
25,937
   
4,931,941
   
6,679
   
0
   
17,870,207
   
0
 
                                                                     
INCOME TAXES PAYABLE
    
0
   
(1,193,694
)
  
0
   
0
   
0
   
0
   
0
   
0
   
0
   
(14,074
)
  
0
 
ESTIMATED INCOME TAXES
    
0
   
316,000
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
                                                                     
TOTAL INCOME TAXES PAYABLE
    
0
   
(877,694
)
  
0
   
0
   
0
   
0
   
0
   
0
   
0
   
(14,074
)
  
0
 
                                                                     
CURRENT MATURITIES OF LONG-TERM DEBT
    
0
   
5,300,000
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
SHORT TERM BORROWINGS
    
0
   
56,300,000
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
SHORT TERM BORROWINGS - DIP
    
0
   
30,000,000
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
                                                                     
TOTAL CURRENT LIABILITIES
    
0
   
245,710,867
   
4,173
   
0
   
23,880,883
   
25,937
   
5,707,352
   
6,679
   
0
   
22,695,074
   
0
 
                                                                     
NOTES PAYABLE TO PARENT
    
(149,800,000
)
  
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
149,800,000
   
0
 
SENIOR DEBT - BANK
    
0
   
518,728,000
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
SENIOR DEBT - PUBLIC
    
0
   
300,000,000
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
                                                                     
TOTAL LONG-TERM DEBT
    
(149,800,000
)
  
818,728,000
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
149,800,000
   
0
 
                                                                     
ACCRUED RENT
    
0
   
2,546,186
   
0
   
0
   
16,844,209
   
0
   
9,031,968
   
0
   
0
   
583,625
   
0
 
                                                                     
DEFERRED INCOME TAX
    
0
   
26,687,308
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
INCOME TAX PAYABLE - NON-CURRENT
    
0
   
27,001,331
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
                                                                     
LONG TERM SUBLEASE DEPOSITS
    
0
   
3,905
   
0
   
0
   
146,000
   
0
   
0
   
0
   
0
   
0
   
0
 
POST RETIREMENT BENEFITS PAYABLE
    
0
   
24,178
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
629,882
   
0
 
TOTAL DEFERRED INCOME
    
0
   
2,675,108
   
0
   
0
   
747,586
   
0
   
2,784,441
   
0
   
0
   
0
   
0
 
DISASTER RELIEF PROGRAM
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
58,592
   
0
 
                                                                     
TOTAL OTHER LONG-TERM LIABILITIES
    
0
   
2,703,191
   
0
   
0
   
893,586
   
0
   
2,784,441
   
0
   
0
   
688,474
   
0
 
                                                                     
TOTAL NON-CURRENT LIABILITIES
    
(149,800,000
)
  
877,666,017
   
0
   
0
   
17,737,795
   
0
   
11,816,409
   
0
   
0
   
151,072,100
   
0
 
                                                                     
TOTAL LIABILITIES
    
(149,800,000
)
  
1,123,376,883
   
4,173
   
0
   
41,618,678
   
25,937
   
17,523,760
   
6,679
   
0
   
173,767,174
   
0
 
 
 
   
RYAN'S MGMT
  
FIRE MTN INC.
  
FIRE MTN LEASING
  
FIRE MTN MGMT
  
BIG R PROCURE
  
TAHOE JOE'S
  
THJ LEASING
  
OCB PURCHASING
  
BUFFETS FRANCHISE
  
CONSOLIDATED
  
                                           
LIABILITIES & SHAREHOLDERS' EQUITY
                                          
CURRENT LIABILITIES
                                          
ACCOUNTS PAYABLE - PRE-PETITION
    
0
   
67,684
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
60,017,763
 
ACCOUNTS PAYABLE - POST-PETITION
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
12,915,847
 
MISC. ACCRUALS - RESTAURANT LEVEL
    
0
   
2,976,295
   
0
   
0
   
0
   
107,019
   
0
   
0
   
0
   
7,075,132
 
MISC. ACCRUALS - WIS
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
215
 
MISC. ACCRUALS - CORP LEVEL
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
4,198,200
 
                                                               
TOTAL ACCOUNTS PAYABLE
    
0
   
3,043,979
   
0
   
0
   
0
   
107,019
   
0
   
0
   
0
   
84,207,157
 
                                                               
ACCRUED 401(k)
    
0
   
310,263
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
732,492
 
ACCRUED PAYROLL
    
61,025
   
3,605,972
   
0
   
1,580,498
   
0
   
416,290
   
0
   
20,604
   
0
   
18,344,187
 
ACCRUED BONUS
    
0
   
0
   
0
   
0
   
0
   
1,961
   
0
   
0
   
0
   
817,397
 
ACCRUED PAYROLL TAXES
    
27,106
   
1,514,436
   
0
   
654,359
   
0
   
39,715
   
0
   
11,043
   
0
   
5,042,440
 
ACCRUED VACATION
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
6,621,911
 
                                                               
TOTAL ACCRUED COMPENSATION
    
88,132
   
5,430,672
   
0
   
2,234,857
   
0
   
457,967
   
0
   
31,646
   
0
   
31,558,425
 
                                                               
ACCRUED INSURANCE - AUTO
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
45,552
 
ACCRUED INSURANCE - GENERAL LIABILITY
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
13,079,541
 
ACCRUED INSURANCE - OTHER
    
0
   
1,123,687
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
4,060,123
 
                                                               
TOTAL ACCRUED INSURANCE
    
0
   
1,123,687
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
17,185,215
 
                                                               
ACCRUED PERCENTAGE RENT
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
2,066,074
 
ACCRUED INTEREST - SHORT TERM
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
34,575,537
 
ACCRUED PROPERTY TAXES
    
0
   
3,195,135
   
0
   
0
   
0
   
8,311
   
0
   
0
   
0
   
6,369,610
 
ACCRUED POSTAGE
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
(20,119
)
ACCRUED ADVERTISING
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
1,120,191
 
ACCRUED LIABILITIES - OTHER
    
0
   
1,248,522
   
0
   
(967
)
  
0
   
111,980
   
0
   
0
   
0
   
15,641,497
 
                                                               
TOTAL OTHER ACCRUED LIABILITIES
    
0
   
4,443,657
   
0
   
(967
)
  
0
   
120,291
   
0
   
0
   
0
   
59,752,790
 
                                                               
GIFT CERTIFICATES/GIFT CARDS
    
0
   
1,561,235
   
0
   
0
   
0
   
1,384,887
   
0
   
0
   
0
   
6,715,308
 
CASH RECEIPTS SUSPENSE
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
100,000
 
WORKERS COMPENSATION PAYABLE
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
20,951,636
 
SALES/USE TAX PAYABLE
    
0
   
4,431,022
   
0
   
(151
)
  
0
   
262,929
   
945
   
0
   
0
   
9,752,461
 
ACCRUED RESTAURANT CLOSING COSTS
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
1,821,548
 
                                                               
TOTAL ACCRUED LIABILITIES
    
88,132
   
16,990,272
   
0
   
2,233,739
   
0
   
2,226,074
   
945
   
31,646
   
0
   
147,837,383
 
                                                               
INCOME TAXES PAYABLE
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
100
   
0
   
(1,207,668
)
ESTIMATED INCOME TAXES
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
316,000
 
                                                               
TOTAL INCOME TAXES PAYABLE
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
100
   
0
   
(891,668
)
                                                               
CURRENT MATURITIES OF LONG-TERM DEBT
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
5,300,000
 
SHORT TERM BORROWINGS
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
56,300,000
 
SHORT TERM BORROWINGS - DIP
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
30,000,000
 
                                                               
TOTAL CURRENT LIABILITIES
    
88,132
   
20,034,251
   
0
   
2,233,739
   
0
   
2,333,093
   
945
   
31,746
   
0
   
322,752,872
 
                                                               
NOTES PAYABLE TO PARENT
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
SENIOR DEBT - BANK
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
518,728,000
 
SENIOR DEBT - PUBLIC
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
300,000,000
 
                                                               
TOTAL LONG-TERM DEBT
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
818,728,000
 
                                                               
ACCRUED RENT
    
0
   
14,924,974
   
0
   
0
   
0
   
1,080,827
   
0
   
0
   
0
   
45,011,790
 
                                                               
DEFERRED INCOME TAX
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
26,687,308
 
INCOME TAX PAYABLE - NON-CURRENT
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
27,001,331
 
                                                               
LONG TERM SUBLEASE DEPOSITS
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
149,905
 
POST RETIREMENT BENEFITS PAYABLE
    
0
   
1,117,579
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
1,771,638
 
TOTAL DEFERRED INCOME
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
6,207,135
 
DISASTER RELIEF PROGRAM
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
58,592
 
                                                               
TOTAL OTHER LONG-TERM LIABILITIES
    
0
   
1,117,579
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
8,187,271
 
                                                               
TOTAL NON-CURRENT LIABILITIES
    
0
   
16,042,553
   
0
   
0
   
0
   
1,080,827
   
0
   
0
   
0
   
925,615,699
 
                                                               
TOTAL LIABILITIES
    
88,132
   
36,076,804
   
0
   
2,233,739
   
0
   
3,413,920
   
945
   
31,746
   
0
   
1,248,368,571
 
 
 
   
 ELIMINATIONS
  
 BUFFETS INC.
  
 BUFFETS LEASING
  
 BUFFETS HOLDING
  
 OCB REST CO
  
 OCB REST LEASING
  
 HOMETOWN BUFFET
  
 HTB LEASING CO
  
 RYAN'S ELIM
  
 RYAN'S INC.
  
 RYAN'S LEASING
  
                                                          
SHAREHOLDERS' EQUITY
                                                         
CAPITAL STOCK
    
(162
)
  
1
   
0
   
31,045
   
30
   
0
   
1
   
0
   
(100
)
  
100
   
0
 
ADDITIONAL PAID IN CAPITAL
    
0
   
0
   
0
   
81,601
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
                                                                     
CONTRIBUTED CAPITAL
    
(425,693,100
)
  
82,310,523
   
0
   
0
   
131,839,755
   
0
   
62,648,728
   
0
   
(462,780,202
)
  
146,398,859
   
0
 
INTERCO CONTRIBUTIONS (DISTRIBUTIONS)
    
(570,342
)
  
394,189,753
   
3,638,913
   
(5,863,336
)
  
80,660,733
   
28,199,136
   
(289,439,326
)
  
7,181,153
   
(29,477,421
)
  
206,772,441
   
75
 
DIVIDENDS PAID (INTERCO)
    
309,534,343
   
(308,760,577
)
  
0
   
(773,766
)
  
0
   
0
   
0
   
0
   
0
   
0
   
0
 
DIVIDENDS RECEIVED (INTERCO)
    
(164,575,190
)
  
773,766
   
0
   
163,801,424
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
                                                                     
ACCUM OTHER COMPREHENSIVE INCOME
    
0
   
(353,369
)
  
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
                                                                     
DIVIDENDS PAID TO SHAREHOLDERS
    
(1
)
  
0
   
0
   
(101,164,801
)
  
0
   
0
   
0
   
0
   
210,000,000
   
0
   
0
 
RETAINED EARNINGS
    
(135,461
)
  
(425,310,928
)
  
(499,458
)
  
(62,623,692
)
  
(151,615,826
)
  
(2,718,332
)
  
239,823,045
   
(872,584
)
  
(180,522,579
)
  
175,832,542
   
(75
)
LEVEL 8 PROFIT/LOSS
    
(68
)
  
(34,887,881
)
  
(345,892
)
  
0
   
(5,675,777
)
  
(1,682,548
)
  
9,712,715
   
(453,019
)
  
0
   
(4,962,064
)
  
0
 
                                                                     
RETAINED EARNINGS
    
(135,529
)
  
(460,198,809
)
  
(845,350
)
  
(163,788,493
)
  
(157,291,602
)
  
(4,400,880
)
  
249,535,760
   
(1,325,603
)
  
29,477,421
   
170,870,478
   
(75
)
                                                                     
TOTAL SHAREHOLDERS' EQUITY
    
(281,439,980
)
  
(292,038,713
)
  
2,793,563
   
(6,511,524
)
  
55,208,915
   
23,798,256
   
22,745,162
   
5,855,550
   
(462,780,302
)
  
524,041,878
   
0
 
                                                                     
TOTAL LIABILITIES & S/E
    
(431,239,980
)
  
831,338,171
   
2,797,736
   
(6,511,524
)
  
96,827,593
   
23,824,193
   
40,268,922
   
5,862,229
   
(462,780,302
)
  
697,809,052
   
0
 
 
 
   
RYAN'S MGMT
  
FIRE MTN INC.
  
FIRE MTN LEASING
  
FIRE MTN MGMT
  
BIG R PROCURE
  
TAHOE JOE'S
  
THJ LEASING
  
OCB PURCHASING
  
BUFFETS FRANCHISE
  
CONSOLIDATED
  
                                           
SHAREHOLDERS' EQUITY
                                          
CAPITAL STOCK
    
0
   
100
   
0
   
0
   
0
   
10
   
0
   
10
   
10
   
31,045
 
ADDITIONAL PAID IN CAPITAL
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
81,601
 
                                                               
CONTRIBUTED CAPITAL
    
0
   
462,780,202
   
0
   
0
   
0
   
1,299,126
   
0
   
946,118
   
249,990
   
0
 
INTERCO CONTRIBUTIONS (DISTRIBUTIONS)
    
2,074,806
   
(132,842,099
)
  
315
   
39,327,635
   
0
   
9,056,847
   
1,407,405
   
(314,375,706
)
  
59,020
   
(0
)
DIVIDENDS PAID (INTERCO)
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
DIVIDENDS RECEIVED (INTERCO)
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
                                                               
ACCUM OTHER COMPREHENSIVE INCOME
    
0
   
14,552
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
(338,817
)
                                                               
DIVIDENDS PAID TO SHAREHOLDERS
    
0
   
(210,000,000
)
  
0
   
0
   
0
   
0
   
0
   
0
   
0
   
(101,164,801
)
RETAINED EARNINGS
    
(2,671,774
)
  
32,898,703
   
0
   
(41,773,259
)
  
0
   
5,303,582
   
(101,490
)
  
315,969,856
   
(59,020
)
  
(99,076,749
)
LEVEL 8 PROFIT/LOSS
    
(2,037,240
)
  
5,681,389
   
4,935
   
(46,723,755
)
  
0
   
330,539
   
70,581
   
16,746,806
   
(81,489
)
  
(64,302,766
)
                                                               
RETAINED EARNINGS
    
(4,709,014
)
  
(171,419,907
)
  
4,935
   
(88,497,014
)
  
0
   
5,634,120
   
(30,909
)
  
332,716,663
   
(140,508
)
  
(264,544,317
)
                                                               
TOTAL SHAREHOLDERS' EQUITY
    
(2,634,208
)
  
158,532,848
   
5,250
   
(49,169,379
)
  
0
   
15,990,104
   
1,376,495
   
19,287,085
   
168,511
   
(264,770,488
)
                                                               
TOTAL LIABILITIES & S/E
    
(2,546,076
)
  
194,609,652
   
5,250
   
(46,935,641
)
  
0
   
19,404,025
   
1,377,441
   
19,318,831
   
168,511
   
983,598,083
 
 
In re: Buffets Holdings, Inc. and Subsidiaries
Case No. 08-10142
                
Debtor
Reporting Period.:
1/22/08 - 2/6/08 (Stub Period)
      
                     
                     
STATUS OF POSTPETITION TAXES
                     
I hereby certify that the debtor and all affiliated debtors have paid all taxes due from January 22, 2008, the petition date, through February 6, 2008, the end of this reporting period.
                     
                   
                     
Keith A. Wall, CFO
                    
 
SUMMARY OF UNPAID DEBTS
 
 
Number of Days Past Due
 
Current
0-30
31-60
61-90
Over 90
Total
Accounts Payable
84,207
          
Accrued Compensation
31,558
          
Accrued Worker's Compensation
20,952
          
Accrued Sales, Use and Property Taxes
16,122
          
Accrued Insurance
17,185
          
Accrued Interest
34,576
          
Accrued Litigation Reserve
9,406
          
Unearned revenue (gift cards/certificates)
6,715
          
Accrued Legal and Consulting Fees
1,455
          
Closed Restaurant Reserve, Current Portion
492
          
Accrued Percentage Rent
2,066
          
Accrued Other
7,311
          
Income Taxes Payable
398
          
Total Debts
232,443
          
 
Explain how and when the Debtor intends to pay any past-due debts. The Debtors intend to pay all valid postpetition obligations as and when they come due.
 
 
In re: Buffets Holdings, Inc. and Subsidiaries
Case No. 08-10142
  
Debtor
Reporting Period.: 1/22/08 - 2/6/08 (Stub Period)
     
 
Accounts Receivable Aging
Amount
  
0 - 30 days old
4,763,171
  
31 - 60 days old
958,635
  
61 - 90 days old
20,000
  
91+ days old
    
Total Accounts Receivable
5,741,806
  
Amount considered uncollectible (Bad Debt)
0
  
Accounts Receivable (Net)
5,741,806
  
 
Aged receivables relate primarily to vendor rebates and vending machine income.
 
DEBTOR QUESTIONNAIRE
 
Must be completed each month
Yes
No
1. Have any assets been sold or transferred outside the normal course of business
this reporting period? If yes, provide an explanation below.
  
 
X
2. Have any funds been disbursed from any account other than a debtor in possession
account this reporting period? If yes, provide an explanation below.
  
 
X
3. Have all postpetition tax returns been timely filed? If no, provide an explanation
below.
 
X
  
4. Are workers compensation, general liability and other necessary insurance
coverages in effect? If no, provide an explanation below.
 
X
  
5. Has any bank account been opened during the reporting period? If yes, provide
documentation identifying the opened account(s). If an investment account has been opened
provide the required documentation pursuant to the Delaware Local Rule 4001-3.
  
 
 
X
 
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UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE
         
In re: Buffets, Inc. and Subsidiaries
Case No.  08-10142
 
Reporting Period: 2/7/08 - 3/5/08
         
         
Operating Report/Period Beginning February 7, 2008 and Ending March 5, 2008
File with Court and submit copy to United States Trustee within 20 days after end of month.
         
         
Submit copy of report to any official committee appointed in the case.
 
 
REQUIRED DOCUMENTS
 
Form No.
Document
Attached
Explanation
Attached
Affidavit/Supplement
Attached
Schedule of Cash Receipts and Disbursements
MOR-1
Yes
N/A
N/A
Bank Reconciliation (or copies of debtor's bank reconciliations)
MOR-1a
Yes
N/A
N/A
Schedule of Professional Fees Paid
MOR-1b
Yes
N/A
N/A
Copies of bank statements
 
N/A
N/A
N/A
Cash disbursements journals
  
N/A
N/A
N/A
Statement of Operations
MOR-2
Yes
N/A
N/A
Balance Sheet
MOR-3
Yes
N/A
N/A
Status of Postpetition Taxes
MOR-4
Yes
N/A
N/A
Copies of IRS Form 6123 or payment receipt
 
N/A
N/A
N/A
Copies of tax returns filed during reporting period
 
N/A
N/A
N/A
Summary of Unpaid Postpetition Debts
MOR-4
Yes
N/A
N/A
Listing of aged accounts payable
MOR-4
Yes
N/A
N/A
Accounts Receivable Reconciliation and Aging
MOR-5
Yes
N/A
N/A
Debtor Questionnaire
MOR-5
Yes
N/A
N/A
         
         
I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.
 
  
 
 
 
3/25/2008
  
Signature of Authorized Individual*
  
Date
  
       
       
A. Keith Wall
 
CFO
  
Printed Name of Authorized Individual
  
Title of Authorized Individual
  
       
       
       
*Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.
 

In re: Buffets Holdings, Inc. and Subsidiaries
  
Case No. 08-10142
Debtor
    
Reporting Period: 2/7/08 - 3/5/08
                       
                       
SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS
                       
Per agreement with the U.S. Trustee, the Debtor has provided weekly cash flow information, on a consolidated basis.
                       
Buffet Inc.
             
Cash Flow Forecast ($000)
            
 
   
Week 1 Ended
  
Week 2 Ended
  
Week 3 Ended
  
Week 4 Ended
  
Total
 
 
13-Feb
  
 20-Feb
  
 27-Feb
  
 5-Mar
  
 Period 9
  
                            
Cash Receipts (inc Sales tax)
                           
Cash Receipts 
  
$
19,592
  
$
19,596
  
$
18,965
  
$
20,504
  
$
78,657
  
Credit Card 
    
12,684
   
13,370
   
11,973
   
13,048
   
51,075
  
Receipts
   
32,276
    
32,966
    
30,938
    
33,552
    
129,732
  
(Gift Card Usage)
    
0
    
0
    
0
    
0
    
0
  
Rebates, Other
    
128
   
858
   
297
   
161
   
1,444
  
Total Cash Receipts
    
32,404
    
33,824
    
31,235
    
33,713
    
131,176
  
                                 
Operating Disbursements
                                
A/P
                                
Check
    
1,494
   
1,061
   
2,805
   
1,484
   
6,844
  
EFT
    
14,195
   
15,371
   
11,691
   
10,927
   
52,184
  
Change in Trade Terms
    
1,000
   
1,000
   
1,000
   
0
   
3,000
  
                                 
Payroll
    
12,124
   
6,976
   
10,444
   
7,477
   
37,021
  
                                 
Rent (Cash Occupancy)
    
-
   
-
   
-
   
8,548
   
8,548
  
                                 
Sales Tax
    
368
   
3,481
   
4,127
   
378
   
8,354
  
Other Operating
    
2,515
   
5,700
   
-
   
164
   
8,379
  
Total Operating Disbursements
    
31,696
    
33,589
    
30,067
    
28,978
    
124,330
  
Net Operating Cash Flows
    
708
    
235
    
1,168
    
4,735
    
6,846
  
                                 
Non-Operating Disb/(Receipts)
                                
Income Tax
    
-
   
-
   
-
   
-
   
0
  
Total CapEx
    
-
   
-
   
-
   
-
   
0
  
Professional Fees, inc. Holdbacks
    
-
   
-
   
-
   
318
   
318
  
Closed Restaurant Costs
    
-
   
-
   
-
   
-
   
0
  
Deposits (Utility)
    
5,837
   
289
   
353
   
228
   
6,707
  
Other
    
-
   
-
   
-
   
-
   
0
  
Cash (Proceeds) from Asset Sales
    
-
   
(1,823
)
  
-
   
-
   
-1,823
  
Total Non-Operating Disbursements
    
5,837
    
-1,534
    
353
    
546
    
5,202
  
                                 
Financing Payments
                                
Interest Expense
    
-
   
-
   
309
   
13,908
   
14,217
  
Interest (Income)
    
(2
)
  
-
   
-
   
(5
)
  
-7
  
DIP Fees / Other
    
-
   
-
   
-
   
526
   
526
  
Principal Payments 
    
0
   
0
   
0
   
0
   
0
  
Total Financing Disbursements
    
-2
    
0
    
309
    
14,429
    
14,736
  
                                 
Total Net Disbursements
    
37,531
    
32,055
    
30,729
    
43,953
    
144,268
  
                                 
Net Cash Receipts (Disbursements)
    
-5,127
    
1,769
    
506
    
-10,240
    
-13,092
  
 
 
THE FOLLOWING SECTION MUST BE COMPLETED
 
DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES:
                                 
Per agreement with the U.S. Trustee, the Debtor will calculate the Trustee Fee on a per legal entity basis by allocating consolidated disbursements above, based on the percentage of total expenses per the Income Statement applicable to each legal entity.
 
   
 BUFFETS INC.
  
 BUFFETS LEASING
  
 BUFFETS HOLDING
  
 OCB REST CO
  
 OCB REST LEASING
  
 HOMETOWN BUFFET
  
 HTB LEASING CO
  
Allocation %
    
7.63
%
  
0.02
%
  
0.00
%
  
34.42
%
  
1.23
%
  
11.92
%
  
0.05
%
Total Disbursements
    
11,000.88
    
32.45
    
0.00
    
49,662.94
    
1,769.23
    
17,194.30
    
65.29
  
 
 
  
 RYAN'S ELIM
  
 RYAN'S INC.
  
 RYAN'S LEASING
  
 RYAN'S MGMT
  
 FIRE MTN INC.
  
 FIRE MTN LEASING
  
 FIRE MTN MGMT
  
Allocation %
    
0.00
%
  
1.43
%
  
0.00
%
  
0.19
%
  
37.06
%
  
0.00
%
  
4.08
%
Total Disbursements
    
0.00
    
2,058.77
    
0.00
    
268.67
    
53,471.04
    
0.00
    
5,884.88
  
 
   
 BIG R PROCURE
  
 TAHOE JOE'S
  
 THJ LEASING
  
 OCB PURCHASING
  
 BUFFETS FRANCHISE
  
 CONSOLIDATED
    
Allocation %
    
0.00
%
  
1.98
%
  
0.00
%
  
0.00
%
  
0.00
%
  
100.00
%
    
Total Disbursements
    
0.00
    
2,859.12
    
0.00
    
0.00
    
0.44
    
144,268.00
      
 

In re: Buffets Holdings, Inc. and Subsidiaries
 Case No. 08-10142
Debtor
 Reporting Period: 2/7/08 - 3/5/08
       
BANK RECONCILIATIONS
 
 
  
100 BUFFETS, INC.
  
101 BUFFETS LEASING COMPANY
  
150 BUFFETS HOLDINGS, INC
  
200 OCB RESTAURANT COMPANY, LLC
  
201 OCB LEASING COMPANY, LLC
  
250 HOMETOWN BUFFET, INC.
  
251 HOMETOWN LEASING COMPANY
  
256 TAHOE JOE'S, INC.
  
257 TAHOE JOES LEASING COMPANY
  
450 BUFFETS FRANCHISE HOLDINGS, LL
  
CASH ON HAND - DRAWER
   
29,600
   
-
   
-
   
519,034
   
-
   
206,770
   
-
   
28,300
   
-
   
-
 
TOTAL DEPOSITORY ACCOUNT
   
100,059
   
-
   
-
   
2,290,920
   
-
   
1,098,662
   
-
   
25,568
   
-
   
-
 
DEPOSITORY ACCOUNT
   
-
   
-
   
-
   
106,885
   
-
   
10,226
   
-
   
-
   
-
   
-
 
DEPOSITORY - NATIONAL CITY BANK - CO. 200
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
DEPOSITORY - REGIONS BANK
   
-
   
-
   
-
   
50,301
   
-
   
-
   
-
   
-
   
-
   
-
 
DEPOSITORY - HSBC BANK
   
-
   
-
   
-
   
18,974
   
-
   
-
   
-
   
-
   
-
   
-
 
DEPOSITORY - US BANK - CO. 250
   
-
   
-
   
-
   
-
   
-
   
905,777
   
-
   
-
   
-
   
-
 
DEPOSITORY - BANK OF AMERICA EAST
   
-
   
-
   
-
   
836,601
   
-
   
79,177
   
-
   
-
   
-
   
-
 
DEPOSITORY - NATIONAL CITY BANK - MI
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
DEPOSITORY - 5TH THIRD BANK
   
-
   
-
   
-
   
286,789
   
-
   
-
   
-
   
-
   
-
   
-
 
DEPOSITORY - US BANK - CO. 200
   
-
   
-
   
-
   
607,981
   
-
   
-
   
-
   
-
   
-
   
-
 
DEPOSITORY - US BANK - CO.100
   
58,912
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
DEPOSITORY - WELLS FARGO - CO. 200
   
-
   
-
   
-
   
190,897
   
-
   
-
   
-
   
25,568
   
-
   
-
 
DEPOSITORY - NATIONAL CITY BANK - PA
   
-
   
-
   
-
   
76,272
   
-
   
-
   
-
   
-
   
-
   
-
 
DEPOSITORY - NATIONAL CITY BANK - OH
   
-
   
-
   
-
   
-
   
-
   
34,679
   
-
   
-
   
-
   
-
 
DEPOSITORY - WELLS FARGO - CO. 100
   
41,147
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
DEPOSITORY - BANK MIDWEST
   
-
   
-
   
-
   
3,969
   
-
   
-
   
-
   
-
   
-
   
-
 
DEPOSITORY - KEY BANK
   
-
   
-
   
-
   
67,457
   
-
   
-
   
-
   
-
   
-
   
-
 
DEPOSITORY - CHEMUNG CANAL TRUST COMPANY
   
-
   
-
   
-
   
8,213
   
-
   
-
   
-
   
-
   
-
   
-
 
DEPOSITORY - WELLS FARGO CO. 250
   
-
   
-
   
-
   
-
   
-
   
68,804
   
-
   
-
   
-
   
-
 
DEPOSITORY - HUNTINGTON BANK
   
-
   
-
   
-
   
7,784
   
-
   
-
   
-
   
-
   
-
   
-
 
DEPOSITORY - BANK NORTH
   
-
   
-
   
-
   
14,221
   
-
   
-
   
-
   
-
   
-
   
-
 
DEPOSITORY - ASSOCIATED BANK
   
-
   
-
   
-
   
14,577
   
-
   
-
   
-
   
-
   
-
   
-
 
DEPOSITORY - BANK OF AMERICA #1 - RYAN'S
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
DEPOSITORY - US BANK - RYAN'S
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
DEPOSITORY - BB&T
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
DEPOSITORY - SUNTRUST
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
DEPOSITORY - GREAT SOUTHERN BANK
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
DEPOSITORY - WELLS FARGO - RYAN'S
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
DEPOSITORY - HIBERNIA/CAPITAL ONE
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
DEPOSITORY - BANK OF OKLAHOMA
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
DEPOSITORY - WACHOVIA - RYAN'S
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
DEPOSITORY - COMPASS
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
DEPOSITORY - AMSOUTH
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
DEPOSITORY - FIRST CITIZENS
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
DEPOSITORY - JPMORGAN CHASE
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
DEPOSITORY - M&T BANK
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
DEPOSITORY - NATIONAL CITY - IL
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
DEPOSITORY - AMERICAN NATIONAL BANK
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
DEPOSITORY - FIRST COMMONWEALTH
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
DEPOSITORY - FIRST MIDWEST
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
DEPOSITORY - FIFTH THIRD
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
DEPOSITORY - FIRST NATNL BANK OF PA
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
TEMPORARY INVESTMENTS
   
19,998,417
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
CASH
   
16,834,270
   
-
   
36,144
   
-
   
-
   
-
   
-
   
-
   
-
   
249,943
 
CASH - US BANK
   
15,591,197
   
-
   
36,144
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
CASH - US BANK - A/P
   
204,085
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
CASH - WELLS FARGO - SLB
   
29,650
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
CASH - US BANK - CREDIT CARD
   
1,295,843
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
CASH - US BANK - MIT EXPENSE REIMBURSEMENT
   
9,997
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
CASH - US BANK - FRANCHISE HOLDINGS
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
249,943
 
CASH - US BANK - FRANCHISE GIFT CARD SETTLE
   
24,487
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
CASH - US BANK - PAYROLL
   
(843,556
)
  
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
CASH - US BANK - RYAN'S PAYROLL
   
500,000
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
CASH - FIFTH THIRD BANK - NSF
   
22,566
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
CASH - WACHOVIA MASTER
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
CASH - BANK OF AMERICA MASTER
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
CASH - PAYROLL ACCOUNT
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
CASH - MET LIFE DENTAL PLAN
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
TOTAL CASH & CASH EQUIVALENTS
   
36,962,346
   
-
   
36,144
   
2,809,954
   
-
   
1,305,432
   
-
   
53,868
   
-
   
249,943
 
 
 
 
  
610 RYAN'S RESTAURANT GROUP, INC.
  
611 RYAN'S RESTAURANT LEASING COMP
  
615 RYAN'S RESTAURANT MANAGEMENT G
  
620 FIRE MOUNTAIN RESTAURANTS, LLC
  
621 FIRE MOUNTAIN LEASING COMPANY,
  
625 FIRE MOUNTAIN MANAGEMENT GROUP
  
630 BIG R PROCUREMENT, LLC
  
800 OCB PURCHASING CO
  
Total
  
CASH ON HAND - DRAWER
   
51,724
   
-
   
-
   
586,595
   
-
   
-
   
-
   
-
   
1,422,023
  
TOTAL DEPOSITORY ACCOUNT
   
508,266
   
-
   
-
   
1,537,303
   
-
   
-
   
-
   
-
   
5,560,779
 
DEPOSITORY ACCOUNT
   
-
   
-
   
-
   
10,155
   
-
   
-
   
-
   
-
   
127,265
  
DEPOSITORY - NATIONAL CITY BANK - CO. 200
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
DEPOSITORY - REGIONS BANK
   
-
   
-
   
-
   
117,769
   
-
   
-
   
-
   
-
   
168,070
 
DEPOSITORY - HSBC BANK
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
18,974
  
DEPOSITORY - US BANK - CO. 250
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
905,777
  
DEPOSITORY - BANK OF AMERICA EAST
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
915,778
  
DEPOSITORY - NATIONAL CITY BANK - MI
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
DEPOSITORY - 5TH THIRD BANK
   
418,878
   
-
   
-
   
30,697
   
-
   
-
   
-
   
-
   
736,364
 
DEPOSITORY - US BANK - CO. 200
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
607,981
  
DEPOSITORY - US BANK - CO.100
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
58,912
  
DEPOSITORY - WELLS FARGO - CO. 200
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
216,465
  
DEPOSITORY - NATIONAL CITY BANK - PA
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
76,272
  
DEPOSITORY - NATIONAL CITY BANK - OH
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
34,679
  
DEPOSITORY - WELLS FARGO - CO. 100
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
41,147
  
DEPOSITORY - BANK MIDWEST
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
3,969
  
DEPOSITORY - KEY BANK
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
67,457
  
DEPOSITORY - CHEMUNG CANAL TRUST COMPANY
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
8,213
  
DEPOSITORY - WELLS FARGO CO. 250
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
68,804
  
DEPOSITORY - HUNTINGTON BANK
   
-
   
-
   
-
   
21,243
   
-
   
-
   
-
   
-
   
29,027
 
DEPOSITORY - BANK NORTH
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
14,221
  
DEPOSITORY - ASSOCIATED BANK
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
14,577
  
DEPOSITORY - BANK OF AMERICA #1 - RYAN'S
   
29,017
   
-
   
-
   
486,021
   
-
   
-
   
-
   
-
   
515,038
 
DEPOSITORY - US BANK - RYAN'S
   
15,324
   
-
   
-
   
74,884
   
-
   
-
   
-
   
-
   
90,208
 
DEPOSITORY - BB&T
   
-
   
-
   
-
   
99,371
   
-
   
-
   
-
   
-
   
99,371
 
DEPOSITORY - SUNTRUST
   
-
   
-
   
-
   
48,945
   
-
   
-
   
-
   
-
   
48,945
 
DEPOSITORY - GREAT SOUTHERN BANK
   
-
   
-
   
-
   
18,716
   
-
   
-
   
-
   
-
   
18,716
 
DEPOSITORY - WELLS FARGO - RYAN'S
   
14,849
   
-
   
-
   
56,312
   
-
   
-
   
-
   
-
   
71,161
 
DEPOSITORY - HIBERNIA/CAPITAL ONE
   
-
   
-
   
-
   
39,905
   
-
   
-
   
-
   
-
   
39,905
 
DEPOSITORY - BANK OF OKLAHOMA
   
-
   
-
   
-
   
16,123
   
-
   
-
   
-
   
-
   
16,123
 
DEPOSITORY - WACHOVIA - RYAN'S
   
-
   
-
   
-
   
138,923
   
-
   
-
   
-
   
-
   
138,923
 
DEPOSITORY - COMPASS
   
-
   
-
   
-
   
29,580
   
-
   
-
   
-
   
-
   
29,580
 
DEPOSITORY - AMSOUTH
   
-
   
-
   
-
   
143,716
   
-
   
-
   
-
   
-
   
143,716
 
DEPOSITORY - FIRST CITIZENS
   
-
   
-
   
-
   
37,452
   
-
   
-
   
-
   
-
   
37,452
 
DEPOSITORY - JPMORGAN CHASE
   
10,717
   
-
   
-
   
70,158
   
-
   
-
   
-
   
-
   
80,875
 
DEPOSITORY - M&T BANK
   
-
   
-
   
-
   
30,071
   
-
   
-
   
-
   
-
   
30,071
 
DEPOSITORY - NATIONAL CITY - IL
   
-
   
-
   
-
   
21,047
   
-
   
-
   
-
   
-
   
21,047
 
DEPOSITORY - AMERICAN NATIONAL BANK
   
-
   
-
   
-
   
6,548
   
-
   
-
   
-
   
-
   
6,548
 
DEPOSITORY - FIRST COMMONWEALTH
   
-
   
-
   
-
   
12,576
   
-
   
-
   
-
   
-
   
12,576
 
DEPOSITORY - FIRST MIDWEST
   
11,971
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
11,971
 
DEPOSITORY - FIFTH THIRD
   
7,510
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
7,510
 
DEPOSITORY - FIRST NATNL BANK OF PA
   
-
   
-
   
-
   
27,089
   
-
   
-
   
-
   
-
   
27,089
 
TEMPORARY INVESTMENTS
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
1,107
   
19,999,524
  
CASH
   
(200,542
)
  
-
   
-
   
253
   
-
   
-
   
-
   
-
   
16,920,069
 
CASH - US BANK
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
15,627,341
  
CASH - US BANK - A/P
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
204,085
  
CASH - WELLS FARGO - SLB
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
29,650
  
CASH - US BANK - CREDIT CARD
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
1,295,843
  
CASH - US BANK - MIT EXPENSE REIMBURSEMENT
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
9,997
  
CASH - US BANK - FRANCHISE HOLDINGS
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
249,943
  
CASH - US BANK - FRANCHISE GIFT CARD SETTLE
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
24,487
  
CASH - US BANK - PAYROLL
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
(843,556
 )
CASH - US BANK - RYAN'S PAYROLL
   
74,861
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
574,861
  
CASH - FIFTH THIRD BANK - NSF
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
22,566
  
CASH - WACHOVIA MASTER
   
14,612
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
14,612
 
CASH - BANK OF AMERICA MASTER
   
8,913
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
8,913
 
CASH - PAYROLL ACCOUNT
   
(314,680
)
  
-
   
-
   
253
   
-
   
-
   
-
   
-
   
(314,427
)
CASH - MET LIFE DENTAL PLAN
   
15,753
   
-
   
-
   
-
   
-
   
-
   
-
   
-
   
15,753
 
TOTAL CASH & CASH EQUIVALENTS
   
359,448
   
-
   
-
   
2,124,151
   
-
   
-
   
-
   
1,107
   
43,902,394
  
 

Certain of the cash accounts indicate negative balances because such accounts are not funded until checks clear the account.
           
I hereby certify that the cash accounts of the debtor and all affiliated debtors are reconciled on a regular and timely basis.
           
         
Keith A. Wall, CFO
          
 

In re: Buffets Holdings, Inc. and Subsidiaries
  
Case No. 08-10142
Debtor
  
Reporting Period: 2/7/08 - 3/5/08
                   
                   
SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID
This schedule is to include all retained professional payments from case inception to current month.
 
 
Payee
Period
Covered
Amount
Approved
 
Payor
Check
Amount Paid
Year-To-Date
Number
Date
Fees
Expenses
Fees
Expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
 
 
 
 
$0
$0
$0
$0
 

In re: Buffets Holdings, Inc. and Subsidiaries
    
Case No. 08-10142
  
Debtor
    
Reporting Period.:
2/7/08 - 3/5/08
 
Buffets Holdings Inc.
 
INCOME STATEMENT (ALL COMPANIES) - PTD
PERIOD: 9-08                 ENDING: 3/5/2008
 
   
ELIMINATIONS
 
BUFFETS INC.
 
BUFFETS LEASING
 
BUFFETS HOLDING
 
OCB REST CO
 
OCB REST LEASING
 
HOMETOWN BUFFET
 
HTB LEASING CO
 
RYAN'S ELIM
 
RYAN'S INC.
 
RYAN'S LEASING
  
                                               
TOTAL SALES
    
0
   
3,334,033
   
0
   
0
   
45,180,873
   
0
   
19,385,239
   
0
   
0
   
2,018,787
   
0
 
TOTAL FOOD COST
    
0
   
1,263,647
   
0
   
0
   
16,680,916
   
0
   
6,922,491
   
0
   
0
   
112,107
   
0
 
TOTAL LABOR
    
0
   
947,370
   
0
   
0
   
12,938,897
   
0
   
5,249,425
   
0
   
0
   
456,064
   
0
 
OPERATING COSTS
    
0
   
337,464
   
0
   
0
   
5,588,184
   
(171
)
  
2,498,876
   
186
   
0
   
158,748
   
0
 
OCCUPANCY COSTS
    
0
   
40,578
   
43,069
   
0
   
4,857,579
   
511,766
   
2,003,950
   
136,466
   
0
   
294,858
   
0
 
                                                                     
TOTAL DIR & O/C
    
0
   
378,042
   
43,069
   
0
   
10,445,763
   
511,595
   
4,502,826
   
136,652
   
0
   
453,607
   
0
 
                                                                     
TOTAL RESTAURANT COSTS
    
0
   
2,589,059
   
43,069
   
0
   
40,065,576
   
511,595
   
16,674,743
   
136,652
   
0
   
1,021,778
   
0
 
                                                                     
RESTAURANT PROFIT (LEVEL 4)
    
0
   
744,974
   
(43,069
)
  
0
   
5,115,296
   
(511,595
)
  
2,710,496
   
(136,652
)
  
0
   
997,009
   
0
 
                                                                     
TOTAL G&A EXPENSE
    
(50,500
)
  
2,700,937
   
50,544
   
0
   
1,080,568
   
4,394
   
0
   
0
   
0
   
99,176
   
0
 
MARKETING
    
0
   
3,003,576
   
524
   
0
   
47,888
   
204
   
0
   
0
   
0
   
0
   
0
 
                                                                     
TOTAL SG&A EXPENSE
    
(50,500
)
  
5,704,512
   
51,068
   
0
   
1,128,456
   
4,598
   
0
   
0
   
0
   
99,176
   
0
 
                                                                     
CLOSED RESTAURANT COSTS
    
0
   
0
   
0
   
0
   
236,552
   
1,596,497
   
(1,654,310
)
  
35,359
   
0
   
(32,101
)
  
0
 
LOSS ON LITIGATION SETTLEMENT
    
0
   
32,453
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
MERGER/INTEGRATION COSTS
    
0
   
117,987
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
8,511
   
0
 
REORGANIZATION COSTS
    
0
   
5,222,521
   
0
   
0
   
3,151,607
   
0
   
(66,948
)
  
41
   
0
   
(274,148
)
  
0
 
                                                                     
EARNINGS FROM OPERATIONS
    
50,500
   
(10,332,500
)
  
(94,137
)
  
0
   
598,681
   
(2,112,690
)
  
4,431,754
   
(172,051
)
  
0
   
1,195,570
   
0
 
                                                                     
OTHER INCOME (EXPENSE)
                                                                    
FRANCHISE INCOME
    
0
   
14,058
   
0
   
0
   
0
   
0
   
50,675
   
0
   
0
   
0
   
0
 
INTEREST INCOME
    
(7,482
)
  
43,250
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
INTEREST EXPENSE
    
7,482
   
(3,308,675
)
  
0
   
0
   
0
   
0
   
0
   
0
   
0
   
(4,080
)
  
0
 
OTHER INCOME (EXPENSE)
    
(50,500
)
  
50,888
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
1,645
   
0
 
LOSS RELATED TO REFINANCING
    
0
   
(1,665,322
)
  
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
INTERCOMPANY
    
(0
)
  
8,125,009
   
63,117
   
0
   
(2,889,617
)
  
421,518
   
(1,482,202
)
  
109,644
   
0
   
(1,140,637
)
  
0
 
                                                                     
TOTAL OTHER INCOME (EXPENSE)
    
(50,500
)
  
3,259,208
   
63,117
   
0
   
(2,889,617
)
  
421,518
   
(1,431,527
)
  
109,644
   
0
   
(1,143,072
)
  
0
 
                                                                     
EARNINGS BEFORE TAX
    
(0
)
  
(7,073,292
)
  
(31,020
)
  
0
   
(2,290,936
)
  
(1,691,172
)
  
3,000,227
   
(62,407
)
  
0
   
52,498
   
0
 
                                                                     
NET WORTH TAX
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
INCOME TAXES
    
0
   
53,000
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
                                                                     
NET EARNINGS (LOSS)
    
(0
)
  
(7,126,292
)
  
(31,020
)
  
0
   
(2,290,936
)
  
(1,691,172
)
  
3,000,227
   
(62,407
)
  
0
   
52,498
   
0
 
                                                                     
Total Expense Net
    
(57,982
)
  
10,515,521
   
31,020
   
0
   
47,471,809
   
1,691,172
   
16,435,687
   
62,407
   
0
   
1,967,933
   
0
 
Expense, gross
    
0
    
10,515,521
   
31,020
   
0
   
47,471,809
   
1,691,172
   
16,435,687
   
62,407
   
0
   
1,967,933
   
0
 
Expense Allocation (1)
    
0.0000
%
  
7.6253
%
  
0.0225
%
  
0.0000
%
  
34.4241
%
  
1.2264
%
  
11.9183
%
  
0.0453
%
  
0.0000
%
  
1.4270
%
  
0.0000
%
 

   
RYAN'S MGMT
 
FIRE MTN INC.
 
FIRE MTN LEASING
 
FIRE MTN MGMT
 
BIG R PROCURE
 
TAHOE JOE'S
 
THJ LEASING
 
OCB PURCHASING
 
BUFFETS FRANCHISE
 
CONSOLIDATED
  
                                           
TOTAL SALES
    
0.00
   
50,095,434
   
0.00
    
-
   
-
   
2,906,173
   
-
   
-
   
-
   
122,920,538
 
TOTAL FOOD COST
    
0.00
   
18,348,808
   
0.00
    
-
   
-
   
972,594
   
-
   
(728,174
)
  
-
   
43,572,390
 
TOTAL LABOR
    
192,470.16
   
10,134,180
   
0.00
    
4,576,594
   
-
   
962,171
   
-
   
-
   
-
   
35,457,171
 
OPERATING COSTS
    
(16.24
)
  
6,078,185
   
0.00
    
-
   
-
   
440,169
   
-
   
(89,257
)
  
-
   
15,012,369
 
OCCUPANCY COSTS
    
0.00
   
6,970,820
   
0.00
    
-
   
-
   
168,241
   
-
   
-
   
-
   
15,027,328
 
                                                               
TOTAL DIR & O/C
    
(16.24
)
  
13,049,005
   
0.00
    
-
   
-
   
608,410
   
-
   
(89,257
)
  
-
   
30,039,697
 
                                                               
TOTAL RESTAURANT COSTS
    
192,453.92
   
41,531,993
   
0.00
    
4,576,594
   
-
   
2,543,175
   
-
   
(817,430
)
  
-
   
109,069,258
 
                                                               
RESTAURANT PROFIT (LEVEL 4)
    
(192,453.92
)
  
8,563,441
   
0.00
    
(4,576,594
)
  
-
   
362,998
   
-
   
817,430
   
-
   
13,851,280
 
                                                               
TOTAL G&A EXPENSE
    
37,588
   
248,083
   
0
   
747,534
   
0
   
164,893
   
0
   
110,985
   
0
   
5,194,202
 
MARKETING
    
0.00
   
-
   
0.00
    
-
   
-
   
-
   
-
   
-
   
-
   
3,052,191
 
                                                               
TOTAL SG&A EXPENSE
    
37,587.57
   
248,083
   
0.00
    
747,534
   
-
   
164,893
   
-
   
110,985
   
-
   
8,246,393
 
                                                               
CLOSED RESTAURANT COSTS
    
26,771.69
   
(102,681
)
  
0.00
    
301,110
   
-
   
-
   
-
   
-
   
-
   
407,197
 
LOSS ON LITIGATION SETTLEMENT
    
0.00
   
-
   
0.00
    
-
   
-
   
-
   
-
   
-
   
-
   
32,453
 
MERGER/INTEGRATION COSTS
    
0.00
   
(8,511
)
  
0.00
    
-
   
-
   
-
   
-
   
-
   
-
   
117,987
 
REORGANIZATION COSTS
    
0.00
   
4,876,655
   
0.00
    
-
   
-
   
-
   
-
   
-
   
-
   
12,909,729
 
                                                               
EARNINGS FROM OPERATIONS
    
(256,813.18
)
  
3,549,895
   
0.00
    
(5,625,237
)
  
-
   
198,106
   
-
   
706,445
   
-
   
(7,862,478
)
                                                               
OTHER INCOME (EXPENSE)
                                                              
FRANCHISE INCOME
    
0.00
   
-
   
0.00
    
-
   
-
   
-
   
-
   
-
   
-
   
64,733
 
INTEREST INCOME
    
0.00
   
-
   
0.00
    
-
   
-
   
-
   
-
   
-
   
-
   
35,768
 
INTEREST EXPENSE
    
0.00
   
-
   
0.00
    
-
   
-
   
(7,482
)
  
-
   
-
   
-
   
(3,312,755
)
OTHER INCOME (EXPENSE)
    
0.00
   
2,004
   
0.00
    
-
   
-
   
-
   
-
   
-
   
-
   
4,036
 
LOSS RELATED TO REFINANCING
    
0.00
   
-
   
0.00
    
-
   
-
   
-
   
-
   
-
   
-
   
(1,665,322
)
INTERCOMPANY
    
0.00
   
(4,566,356
)
  
0.00
    
-
   
-
   
(17,423
)
  
12,802
   
1,364,568
   
(423
)
  
-
 
                                                               
TOTAL OTHER INCOME (EXPENSE)
    
0.00
   
(4,564,353
)
  
0.00
    
-
   
-
   
(24,905
)
  
12,802
   
1,364,568
   
(423
)
  
(4,873,539
)
                                                               
EARNINGS BEFORE TAX
    
(256,813.18
)
  
(1,014,458
)
  
0.00
    
(5,625,237
)
  
-
   
173,201
   
12,802
   
2,071,013
   
(423
)
  
(12,736,018
)
                                                               
NET WORTH TAX
    
0.00
   
-
   
0.00
    
-
   
-
   
-
   
-
   
-
   
-
   
-
 
INCOME TAXES
    
0.00
   
-
   
0.00
    
-
   
-
   
71,000
   
-
   
-
   
-
   
124,000
 
                                                               
NET EARNINGS (LOSS)
    
(256,813.18
)
  
(1,014,458
)
  
0.00
    
(5,625,237
)
  
-
   
102,201
   
12,802
   
2,071,013
   
(423
)
  
(12,860,018
)
                                                               
Total Expense Net
    
256,813
   
51,111,895
   
0
   
5,625,237
   
0
   
2,732,972
   
(12,802
)
  
(2,071,013
)
  
423
   
135,761,094
 
Expense, gross
    
256,813
   
51,111,895
   
0
   
5,625,237
   
0
   
2,732,972
   
0
   
0
   
423
   
59,727,341
  
Expense Allocation (1)
    
0.1862
%
  
37.0637
%
  
0.0000
%
  
4.0791
%
  
0.0000
%
  
1.9818
%
  
0.0000
%
  
0.0000
%
  
0.0007
%
  
100.0000
%

(1) Expense Allocation has been calculated by applying the expenses listed from this statement to the disbursements set forth on MOR 1 (Schedule of Cash Receipts and Disbursements)
 

In re: Buffets Holdings, Inc. and Subsidiaries
Case No. 08-10142
  
Debtor
Reporting Period.:
As of 3/5/08

Buffets Holdings Inc.
 
CONSOLIDATED BALANCE SHEET (ALL COMPANIES)
 
   
ELIMINATIONS
  
BUFFETS INC.
  
BUFFETS LEASING
  
BUFFETS HOLDING
  
OCB REST CO
  
OCB REST LEASING
  
HOMETOWN BUFFET
  
HTB LEASING CO
  
RYAN'S ELIM
  
RYAN'S INC.
  
RYAN'S LEASING
  
   
9-08
  
9-08
  
9-08
  
9-08
  
9-08
  
9-08
  
9-08
  
9-08
  
9-08
  
9-08
  
9-08
  
                                               
ASSETS
                                              
CURRENT ASSETS
                                              
CASH ON HAND - DRAWER
    
0
   
29,600
   
0
   
0
   
519,034
   
0
   
206,770
   
0
   
0
   
51,724
   
0
 
TOTAL DEPOSITORY ACCOUNT
    
0
   
100,059
   
0
   
0
   
2,290,920
   
0
   
1,098,662
   
0
   
0
   
508,266
   
0
 
TEMPORARY INVESTMENTS
    
0
   
19,998,417
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
CASH
   
0
   
16,834,270
   
0
   
36,144
   
0
   
0
   
0
   
0
   
0
   
(200,542
)
  
0
 
                                                                     
TOTAL CASH & CASH EQUIVALENTS
    
0
   
36,962,346
   
0
   
36,144
   
2,809,954
   
0
   
1,305,432
   
0
   
0
   
359,448
   
0
 
                                                                     
RECEIVABLES - LANDLORD
    
0
   
0
   
0
   
0
   
18,572
   
0
   
0
   
0
   
0
   
0
   
0
 
CREDIT CARD RECEIVABLES
    
0
   
17,706
   
0
   
0
   
470,909
   
0
   
556,439
   
0
   
0
   
20,030
   
0
 
INTERCOMPANY
    
(68
)
  
(4,396,335
)
  
(607,979
)
  
(6,189,265
)
  
3,421,222
   
(4,748,344
)
  
14,910,391
   
(650,454
)
  
0
   
(46,777,122
)
  
0
 
TOTAL REBATES RECEIVABLE
    
0
   
134,539
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
1,941,657
   
0
 
ACCOUNTS RECEIVABLE
    
0
   
328,542
   
0
   
0
   
8,552
   
0
   
57,867
   
0
   
0
   
(2,091,430
)
  
0
 
DUE TO/FROM AFFILIATE
    
0
   
83,620
   
0
   
(395,988
)
  
0
   
0
   
0
   
0
   
0
   
0
   
0
 
                                                                     
TOTAL RECEIVABLES
    
(68
)
  
(3,831,929
)
  
(607,979
)
  
(6,585,253
)
  
3,919,255
   
(4,748,344
)
  
15,524,697
   
(650,454
)
  
0
   
(46,906,866
)
  
0
 
                                                                     
INVENTORY
    
0
   
869,338
   
0
   
0
   
11,975,780
   
0
   
4,029,996
   
0
   
0
   
474,037
   
0
 
                                                                     
TOTAL INVENTORIES
    
0
   
869,338
   
0
   
0
   
11,975,780
   
0
   
4,029,996
   
0
   
0
   
474,037
   
0
 
                                                                     
RESTRICTED CASH
    
0
   
3,927,790
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
                                                                     
EMPLOYEE ADVANCES
    
0
   
32,992
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
ESCROW DEPOSITS - SHORT TERM
    
0
   
759,958
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
DEPOSITS - PREFUNDED LC - CURRENT
    
0
   
3,735,853
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
PREPAID CAR LEASES
    
0
   
53,739
   
0
   
0
   
47,983
   
0
   
0
   
0
   
0
   
1,563
   
0
 
PREPAID INSURANCE
    
0
   
629,041
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
PREPAID RENT
    
0
   
258,713
   
0
   
0
   
1,624,516
   
0
   
719,387
   
0
   
0
   
44,637
   
0
 
PREPAID OTHER
    
0
   
1,519,932
   
0
   
0
   
565,787
   
0
   
81,077
   
0
   
0
   
(25,995
)
  
0
 
PREPAID ADVERTISING
    
0
   
1,994,889
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
PREPAID RENT ESCROW
    
0
   
3,951
   
0
   
0
   
492,288
   
0
   
170,873
   
0
   
0
   
0
   
0
 
NOTES RECEIVABLE - SHORT TERM
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
11,216
   
0
 
                                                                     
TOTAL PREPAID EXPENSES AND OTHER ASSETS
    
0
   
8,989,067
   
0
   
0
   
2,730,575
   
0
   
971,337
   
0
   
0
   
31,420
   
0
 
                                                                     
ASSETS HELD FOR SALE
    
0
   
0
   
0
   
0
   
2,039,000
   
0
   
0
   
0
   
0
   
1,112,500
   
0
 
                                                                     
DEFERRED INCOME TAXES - CURRENT
    
0
   
14,370,000
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
DEFERRED TAX VALUATION ALLOWANCE - CURRENT
    
0
   
(11,370,000
)
  
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
                                                                     
TOTAL DEFERRED INCOME TAXES - CURRENT
    
0
   
3,000,000
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
                                                                     
TOTAL CURRENT ASSETS
    
(68
)
  
49,916,612
   
(607,979
)
  
(6,549,109
)
  
23,474,564
   
(4,748,344
)
  
21,831,463
   
(650,454
)
  
0
   
(44,929,460
)
  
0
 
                                                                     
CABINET DIVISION INVENTORY
    
0
   
0
   
0
   
0
   
5,428,443
   
0
   
250
   
0
   
0
   
0
   
0
 
CORPORATE INVENTORY
    
0
   
173,638
   
0
   
0
   
589,583
   
0
   
0
   
0
   
0
   
0
   
0
 
PROCEEDS OF SALE CLEARING ACCOUNT
    
0
   
(1,000
)
  
0
   
0
   
0
   
0
   
0
   
0
   
0
   
(927,679
)
  
0
 
LAND
    
0
   
0
   
0
   
0
   
17,000
   
0
   
0
   
0
   
0
   
500,000
   
0
 
BUILDING
    
0
   
212,644
   
0
   
0
   
1,119,179
   
0
   
0
   
0
   
0
   
4,487,287
   
0
 
ACCUMULATED DEPRECIATION - BUILDING
    
0
   
(11,223
)
  
0
   
0
   
(208,691
)
  
0
   
0
   
0
   
0
   
(188,255
)
  
0
 
LEASEHOLD IMPROVEMENTS
    
0
   
282,977
   
4,752
   
0
   
112,514,252
   
(630
)
  
27,819,186
   
8,727
   
0
   
1,881,554
   
0
 
ACCUMULATED AMORTIZATION
    
0
   
(59,302
)
  
(60
)
  
0
   
(64,707,028
)
  
0
   
(19,505,278
)
  
(126
)
  
0
   
(133,621
)
  
0
 
EQUIPMENT
    
0
   
21,614,856
   
5,578,380
   
0
   
64,538,798
   
39,441,385
   
19,223,013
   
10,223,427
   
0
   
3,380,035
   
0
 
ACCUMULATED DEPRECIATION - EQUIPMENT
    
0
   
(19,159,333
)
  
(2,208,269
)
  
0
   
(55,475,326
)
  
(12,555,565
)
  
(17,435,776
)
  
(3,781,172
)
  
0
   
(727,691
)
  
0
 
AUTOMOBILE
    
0
   
364
   
0
   
0
   
293,017
   
0
   
0
   
0
   
0
   
0
   
0
 
ACCUMULATED DEPRECIATION - AUTO
    
0
   
(201
)
  
0
   
0
   
(135,103
)
  
0
   
0
   
0
   
0
   
0
   
0
 
                                                                     
TOTAL PROPERTY, PLANT & EQUIPMENT, net
    
0
   
3,053,419
   
3,374,803
   
0
   
63,974,124
   
26,885,189
   
10,101,395
   
6,450,857
   
0
   
8,271,629
   
0
 
                                                                     
GOODWILL
    
0
   
294,758,024
   
0
   
0
   
(0
)
  
0
   
10,022,815
   
0
   
0
   
187,696,769
   
0
 
INTELLECTUAL PROPERTY
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
ACQUISITION COSTS
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
18,133,818
   
0
 
                                                                     
TOTAL GOODWILL
    
0
   
294,758,024
   
0
   
0
   
(0
)
  
0
   
10,022,815
   
0
   
0
   
205,830,586
   
0
 
                                                                     
DEFERRED INCOME TAXES - NON-CURRENT
    
0
   
17,087,013
   
0
   
14,280,000
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
DEFFERED TAX VALUATION ALLOWANCE - NON-CURRENT
    
0
   
(17,272,574
)
  
0
   
(14,280,000
)
  
0
   
0
   
0
   
0
   
0
   
0
   
0
 
                                                                     
TOTAL DEFERRED INCOME TAXES - NON-CURRENT
    
0
   
(185,561
)
  
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
                                                                     
TOTAL OTHER INTANGIBLE ASSETS
    
0
   
0
   
0
   
0
   
921,524
   
0
   
0
   
0
   
0
   
65,730,124
   
0
 
                                                                     
PREPAID RENT DEPOSITS
    
0
   
246
   
0
   
0
   
16,900
   
0
   
4,500
   
0
   
0
   
0
   
0
 
DEPOSITS
    
0
   
2,151,833
   
0
   
37,585
   
430,399
   
0
   
39,080
   
0
   
0
   
197,200
   
0
 
INVESTMENTS IN SUBSIDIARIES
    
(281,439,912
)
  
279,434,972
   
0
   
0
   
0
   
0
   
2,004,939
   
0
   
(462,780,302
)
  
462,780,302
   
0
 
INTEREST RATE SWAP
    
0
   
(1,010,500
)
  
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
TOTAL DEBT ISSUANCE COSTS
    
0
   
39,248,482
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
TOTAL ACCUM AMORTIZATION DEBT ISSUANCE COSTS
    
0
   
(7,012,025
)
  
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
NOTES RECEIVABLE FROM SUBSIDIARIES
    
(149,800,000
)
  
149,800,000
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
TOTAL NOTES RECEIVABLE - LONG TERM
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
18,362
   
0
 
ENTRIES TO BE RECLASSIFIED
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
                                                                     
TOTAL OTHER NONCURRENT ASSETS
    
(431,239,912
)
  
462,613,010
   
0
   
37,585
   
447,299
   
0
   
2,048,518
   
0
   
(462,780,302
)
  
462,995,864
   
0
 
                                                                     
TOTAL ASSETS
    
(431,239,980
)
  
810,155,504
   
2,766,824
   
(6,511,524
)
  
88,817,511
   
22,136,845
   
44,004,192
   
5,800,403
   
(462,780,302
)
  
697,898,743
   
0
 
 

   
RYAN'S MGMT
 
FIRE MTN INC.
 
FIRE MTN LEASING
 
FIRE MTN MGMT
 
BIG R PROCURE
 
TAHOE JOE'S
 
THJ LEASING
 
OCB PURCHASING
 
BUFFETS FRANCHISE
 
CONSOLIDATED
  
   
9-08
  
9-08
  
9-08
  
9-08
  
9-08
  
9-08
  
9-08
  
9-08
  
9-08
  
9-08
  
                                           
ASSETS
                                          
CURRENT ASSETS
                                          
CASH ON HAND - DRAWER
    
0
   
586,595
   
0
   
0
   
0
   
28,300
   
0
   
0
   
0
   
1,422,023
 
TOTAL DEPOSITORY ACCOUNT
    
0
   
1,537,303
   
0
   
0
   
0
   
25,568
   
0
   
0
   
0
   
5,560,779
 
TEMPORARY INVESTMENTS
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
1,107
   
0
   
19,999,524
 
CASH
   
0
   
253
   
0
   
0
   
0
   
0
   
0
   
0
   
249,943
   
16,920,069
 
                                                               
TOTAL CASH & CASH EQUIVALENTS
    
0
   
2,124,151
   
0
   
0
   
0
   
53,868
   
0
   
1,107
   
249,943
   
43,902,394
 
                                                               
RECEIVABLES - LANDLORD
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
18,572
 
CREDIT CARD RECEIVABLES
    
0
   
475,429
   
0
   
0
   
0
   
114,992
   
0
   
0
   
0
   
1,655,505
 
INTERCOMPANY
    
(2,764,118
)
  
82,628,774
   
12,732
   
(52,848,354
)
  
0
   
(1,056,894
)
  
414,709
   
18,732,990
   
(81,883
)
  
0
 
TOTAL REBATES RECEIVABLE
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
2,638,534
   
0
   
4,714,730
 
ACCOUNTS RECEIVABLE
    
0
   
2,300,297
   
0
   
0
   
0
   
51,180
   
0
   
0
   
0
   
655,009
 
DUE TO/FROM AFFILIATE
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
(312,368
)
                                                               
TOTAL RECEIVABLES
    
(2,764,118
)
  
85,404,499
   
12,732
   
(52,848,354
)
  
0
   
(890,722
)
  
414,709
   
21,371,524
   
(81,883
)
  
6,731,447
 
                                                               
INVENTORY
    
0
   
12,130,734
   
0
   
0
   
0
   
838,830
   
0
   
0
   
0
   
30,318,714
 
                                                               
TOTAL INVENTORIES
    
0
   
12,130,734
   
0
   
0
   
0
   
838,830
   
0
   
0
   
0
   
30,318,714
 
                                                               
RESTRICTED CASH
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
3,927,790
 
                                                               
EMPLOYEE ADVANCES
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
32,992
 
ESCROW DEPOSITS - SHORT TERM
    
0
   
0
   
0
   
0
   
0
   
22,500
   
0
   
0
   
0
   
782,458
 
DEPOSITS - PREFUNDED LC - CURRENT
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
3,735,853
 
PREPAID CAR LEASES
    
0
   
12,939
   
0
   
432
   
0
   
535
   
0
   
0
   
0
   
117,191
 
PREPAID INSURANCE
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
629,041
 
PREPAID RENT
    
0
   
3,020,486
   
0
   
0
   
0
   
89,199
   
0
   
0
   
0
   
5,756,939
 
PREPAID OTHER
    
0
   
129,026
   
0
   
0
   
0
   
301,902
   
0
   
7,295
   
0
   
2,579,025
 
PREPAID ADVERTISING
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
1,994,889
 
PREPAID RENT ESCROW
    
0
   
6,466
   
0
   
0
   
0
   
13,930
   
0
   
0
   
0
   
687,508
 
NOTES RECEIVABLE - SHORT TERM
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
11,216
 
                                                               
TOTAL PREPAID EXPENSES AND OTHER ASSETS
    
0
   
3,168,917
   
0
   
432
   
0
   
428,067
   
0
   
7,295
   
0
   
16,327,111
 
                                                               
ASSETS HELD FOR SALE
    
0
   
19,742,133
   
0
   
0
   
0
   
13,464,111
   
976,478
   
0
   
0
   
37,334,223
 
                                                               
DEFERRED INCOME TAXES - CURRENT
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
14,370,000
 
DEFERRED TAX VALUATION ALLOWANCE - CURRENT
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
(11,370,000
)
                                                               
TOTAL DEFERRED INCOME TAXES - CURRENT
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
3,000,000
 
                                                               
TOTAL CURRENT ASSETS
    
(2,764,118
)
  
122,570,435
   
12,732
   
(52,847,922
)
  
0
   
13,894,154
   
1,391,187
   
21,379,925
   
168,060
   
141,541,679
 
                                                               
CABINET DIVISION INVENTORY
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
5,428,693
 
CORPORATE INVENTORY
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
763,221
 
PROCEEDS OF SALE CLEARING ACCOUNT
    
0
   
927,679
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
(1,000
)
LAND
    
0
   
10,001,836
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
10,518,836
 
BUILDING
    
0
   
4,013,512
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
9,832,622
 
ACCUMULATED DEPRECIATION - BUILDING
    
0
   
(411,116
)
  
0
   
0
   
0
   
0
   
0
   
0
   
0
   
(819,286
)
LEASEHOLD IMPROVEMENTS
    
0
   
13,156,923
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
155,667,741
 
ACCUMULATED AMORTIZATION
    
0
   
(924,485
)
  
0
   
0
   
0
   
(14
)
  
14
   
0
   
0
   
(85,329,900
)
EQUIPMENT
    
0
   
54,227,765
   
(7,783
)
  
0
   
0
   
0
   
0
   
93,021
   
0
   
218,312,897
 
ACCUMULATED DEPRECIATION - EQUIPMENT
    
0
   
(13,333,143
)
  
0
   
0
   
0
   
0
   
0
   
(83,915
)
  
0
   
(124,760,188
)
AUTOMOBILE
    
0
   
20,918
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
314,299
 
ACCUMULATED DEPRECIATION - AUTO
    
0
   
(15,043
)
  
0
   
0
   
0
   
0
   
0
   
0
   
0
   
(150,347
)
                                                               
TOTAL PROPERTY, PLANT & EQUIPMENT, net
    
0
   
67,664,846
   
(7,783
)
  
0
   
0
   
(14
)
  
14
   
9,106
   
0
   
189,777,586
 
                                                               
GOODWILL
    
0
   
0
   
0
   
0
   
0
   
987,969
   
0
   
0
   
0
   
493,465,577
 
INTELLECTUAL PROPERTY
    
0
   
0
   
0
   
0
   
0
   
4,089,744
   
0
   
0
   
0
   
4,089,744
 
ACQUISITION COSTS
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
18,133,818
 
                                                               
TOTAL GOODWILL
    
0
   
0
   
0
   
0
   
0
   
5,077,713
   
0
   
0
   
0
   
515,689,138
 
                                                               
DEFERRED INCOME TAXES - NON-CURRENT
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
31,367,013
 
DEFFERED TAX VALUATION ALLOWANCE - NON-CURRENT
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
(31,552,574
)
                                                               
TOTAL DEFERRED INCOME TAXES - NON-CURRENT
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
(185,561
)
                                                               
TOTAL OTHER INTANGIBLE ASSETS
    
0
   
638,468
   
0
   
0
   
0
   
490,137
   
0
   
0
   
0
   
67,780,253
 
                                                               
PREPAID RENT DEPOSITS
    
0
   
358,264
   
0
   
0
   
0
   
8,268
   
0
   
0
   
0
   
388,178
 
DEPOSITS
    
0
   
3,023,353
   
0
   
0
   
0
   
200
   
0
   
0
   
0
   
5,879,650
 
INVESTMENTS IN SUBSIDIARIES
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
INTEREST RATE SWAP
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
(1,010,500
)
TOTAL DEBT ISSUANCE COSTS
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
39,248,482
 
TOTAL ACCUM AMORTIZATION DEBT ISSUANCE COSTS
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
(7,012,025
)
NOTES RECEIVABLE FROM SUBSIDIARIES
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
TOTAL NOTES RECEIVABLE - LONG TERM
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
18,362
 
ENTRIES TO BE RECLASSIFIED
    
0
   
(300
)
  
300
   
450
   
0
   
0
   
0
   
0
   
0
   
450
 
                                                               
TOTAL OTHER NONCURRENT ASSETS
    
0
   
3,381,316
   
300
   
450
   
0
   
8,468
   
0
   
0
   
0
   
37,512,598
 
                                                               
TOTAL ASSETS
    
(2,764,118
)
  
194,255,066
   
5,250
   
(52,847,472
)
  
0
   
19,470,457
   
1,391,201
   
21,389,032
   
168,060
   
952,115,693
 
 

   
ELIMINATIONS
 
BUFFETS INC.
 
BUFFETS LEASING
 
BUFFETS HOLDING
 
OCB REST CO
 
OCB REST LEASING
 
HOMETOWN BUFFET
 
HTB LEASING CO
 
RYAN'S ELIM
 
RYAN'S INC.
 
RYAN'S LEASING
 
 
 
9-08
 
9-08
 
9-08
 
9-08
 
9-08
 
9-08
 
9-08
 
9-08
 
9-08
 
9-08
 
9-08
  
                                               
LIABILITIES & SHAREHOLDERS' EQUITY
                                              
CURRENT LIABILITIES
                                              
ACCOUNTS PAYABLE - PRE-PETITION
    
0
   
43,591,918
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
ACCOUNTS PAYABLE - POST-PETITION
    
0
   
23,417,528
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
MISC. ACCRUALS - RESTAURANT LEVEL
    
0
   
200,552
   
0
   
0
   
4,237,958
   
0
   
1,704,180
   
0
   
0
   
489,169
   
0
 
MISC. ACCRUALS - CORP LEVEL
    
0
   
1,259,008
   
0
   
0
   
(314,488
)
  
0
   
0
   
0
   
0
   
4,497,098
   
0
 
                                                                     
TOTAL ACCOUNTS PAYABLE
    
0
   
68,469,005
   
0
   
0
   
3,923,470
   
0
   
1,704,180
   
0
   
0
   
4,986,267
   
0
 
                                                                     
ACCRUED 401(k)
    
0
   
751,906
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
ACCRUED PAYROLL
    
0
   
1,092,143
   
0
   
0
   
5,515,410
   
0
   
1,775,771
   
0
   
0
   
285,314
   
0
 
ACCRUED BONUS
    
0
   
0
   
0
   
0
   
0
   
0
   
245,362
   
0
   
0
   
613,106
   
0
 
ACCRUED PAYROLL TAXES
    
0
   
295,503
   
0
   
0
   
1,705,203
   
0
   
565,293
   
0
   
0
   
35,839
   
0
 
ACCRUED VACATION
    
0
   
6,163,875
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
729,877
   
0
 
                                                                     
TOTAL ACCRUED COMPENSATION
    
0
   
8,303,426
   
0
   
0
   
7,220,613
   
0
   
2,586,426
   
0
   
0
   
1,664,137
   
0
 
                                                                     
ACCRUED INSURANCE - AUTO
    
0
   
15,001
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
ACCRUED INSURANCE - GENERAL LIABILITY
    
0
   
8,990,891
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
4,676,900
   
0
 
ACCRUED INSURANCE - OTHER
    
0
   
3,441,992
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
                                                                     
TOTAL ACCRUED INSURANCE
    
0
   
12,447,883
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
4,676,900
   
0
 
                                                                     
ACCRUED PERCENTAGE RENT
    
0
   
0
   
0
   
0
   
1,101,231
   
0
   
1,095,173
   
0
   
0
   
0
   
0
 
ACCRUED INTEREST - SHORT TERM
    
0
   
23,237,994
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
ACCRUED PROPERTY TAXES
    
0
   
72,591
   
0
   
0
   
2,279,750
   
0
   
309,719
   
0
   
0
   
618,864
   
0
 
ACCRUED POSTAGE
    
0
   
(18
)
  
0
   
0
   
8,008
   
0
   
0
   
0
   
0
   
0
   
0
 
ACCRUED ADVERTISING
    
0
   
469,828
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
ACCRUED LIABILITIES - OTHER
    
0
   
9,740,456
   
0
   
0
   
1,627,216
   
0
   
577,340
   
0
   
0
   
2,197,584
   
0
 
                                                                     
TOTAL OTHER ACCRUED LIABILITIES
    
0
   
33,520,850
   
0
   
0
   
5,016,205
   
0
   
1,982,232
   
0
   
0
   
2,816,448
   
0
 
                                                                     
GIFT CERTIFICATES/GIFT CARDS
    
0
   
4,163,350
   
0
   
0
   
395,846
   
0
   
(1,461,274
)
  
0
   
0
   
278,403
   
0
 
CASH RECEIPTS SUSPENSE
    
0
   
253,989
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
WORKERS COMPENSATION PAYABLE
    
0
   
12,861,241
   
0
   
0
   
60,119
   
0
   
15,732
   
0
   
0
   
8,325,567
   
0
 
SALES/USE TAX PAYABLE
    
0
   
287,851
   
4,281
   
0
   
2,901,937
   
29,762
   
1,716,633
   
7,261
   
0
   
23,991
   
0
 
ACCRUED RESTAURANT CLOSING COSTS
    
0
   
0
   
0
   
0
   
381,944
   
0
   
(16,203
)
  
0
   
0
   
0
   
0
 
                                                                     
TOTAL ACCRUED LIABILITIES
    
0
   
71,838,589
   
4,281
   
0
   
15,976,665
   
29,762
   
4,823,546
   
7,261
   
0
   
17,785,445
   
0
 
                                                                     
INCOME TAXES PAYABLE
    
0
   
(1,056,816
)
  
0
   
0
   
0
   
0
   
0
   
0
   
0
   
(14,074
)
  
0
 
ESTIMATED INCOME TAXES
    
0
   
440,000
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
                                                                     
TOTAL INCOME TAXES PAYABLE
    
0
   
(616,816
)
  
0
   
0
   
0
   
0
   
0
   
0
   
0
   
(14,074
)
  
0
 
                                                                     
CURRENT MATURITIES OF LONG-TERM DEBT
    
0
   
5,300,000
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
SHORT TERM BORROWINGS
    
0
   
56,300,000
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
SHORT TERM BORROWINGS - DIP
    
0
   
30,000,000
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
                                                                     
TOTAL CURRENT LIABILITIES
    
0
   
231,290,779
   
4,281
   
0
   
19,900,135
   
29,762
   
6,527,726
   
7,261
   
0
   
22,757,639
   
0
 
                                                                     
NOTES PAYABLE TO PARENT
    
(149,800,000
)
  
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
149,800,000
   
0
 
SENIOR DEBT - BANK
    
0
   
518,728,000
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
SENIOR DEBT - PUBLIC
    
0
   
300,000,000
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
                                                                     
TOTAL LONG-TERM DEBT
    
(149,800,000
)
  
818,728,000
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
149,800,000
   
0
 
                                                                     
ACCRUED RENT
    
0
   
2,573,331
   
0
   
0
   
15,109,262
   
0
   
8,962,618
   
0
   
0
   
553,816
   
0
 
                                                                     
DEFERRED INCOME TAX
    
0
   
26,687,308
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
INCOME TAX PAYABLE - NON-CURRENT
    
0
   
27,001,331
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
                                                                     
LONG TERM SUBLEASE DEPOSITS
    
0
   
3,905
   
0
   
0
   
146,000
   
0
   
0
   
0
   
0
   
0
   
0
 
POST RETIREMENT BENEFITS PAYABLE
    
0
   
23,639
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
633,962
   
0
 
TOTAL DEFERRED INCOME
    
0
   
2,658,846
   
0
   
0
   
744,136
   
0
   
2,768,458
   
0
   
0
   
0
   
0
 
DISASTER RELIEF PROGRAM
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
58,950
   
0
 
                                                                     
TOTAL OTHER LONG-TERM LIABILITIES
    
0
   
2,686,390
   
0
   
0
   
890,136
   
0
   
2,768,458
   
0
   
0
   
692,912
   
0
 
                                                                     
TOTAL NON-CURRENT LIABILITIES
    
(149,800,000
)
  
877,676,361
   
0
   
0
   
15,999,398
   
0
   
11,731,076
   
0
   
0
   
151,046,728
   
0
 
                                                                     
TOTAL LIABILITIES
    
(149,800,000
)
  
1,108,967,139
   
4,281
   
0
   
35,899,532
   
29,762
   
18,258,802
   
7,261
   
0
   
173,804,367
   
0
 
 

   
RYAN'S MGMT
 
FIRE MTN INC.
 
FIRE MTN LEASING
 
FIRE MTN MGMT
 
BIG R PROCURE
 
TAHOE JOE'S
 
THJ LEASING
 
OCB PURCHASING
 
BUFFETS FRANCHISE
 
CONSOLIDATED
 
 
 
9-08
 
9-08
 
9-08
 
9-08
 
9-08
 
9-08
 
9-08
 
9-08
 
9-08
 
9-08
  
                                           
LIABILITIES & SHAREHOLDERS' EQUITY
                                          
CURRENT LIABILITIES
                                          
ACCOUNTS PAYABLE - PRE-PETITION
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
43,591,918
 
ACCOUNTS PAYABLE - POST-PETITION
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
23,417,528
 
MISC. ACCRUALS - RESTAURANT LEVEL
    
0
   
5,353,392
   
0
   
0
   
0
   
187,787
   
0
   
0
   
0
   
12,173,037
 
MISC. ACCRUALS - CORP LEVEL
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
5,441,618
 
                                                               
TOTAL ACCOUNTS PAYABLE
    
0
   
5,353,392
   
0
   
0
   
0
   
187,787
   
0
   
0
   
0
   
84,624,101
 
                                                               
ACCRUED 401(k)
    
0
   
65,946
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
817,852
 
ACCRUED PAYROLL
    
97,288
   
3,588,246
   
0
   
1,309,591
   
0
   
430,796
   
0
   
19,926
   
0
   
14,114,486
 
ACCRUED BONUS
    
0
   
0
   
0
   
0
   
0
   
1,961
   
0
   
0
   
0
   
860,429
 
ACCRUED PAYROLL TAXES
    
29,615
   
1,309,431
   
0
   
637,211
   
0
   
35,479
   
0
   
10,908
   
0
   
4,624,483
 
ACCRUED VACATION
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
6,893,752
 
                                                               
TOTAL ACCRUED COMPENSATION
    
126,903
   
4,963,623
   
0
   
1,946,803
   
0
   
468,237
   
0
   
30,834
   
0
   
27,311,002
 
                                                               
ACCRUED INSURANCE - AUTO
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
15,001
 
ACCRUED INSURANCE - GENERAL LIABILITY
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
13,667,791
 
ACCRUED INSURANCE - OTHER
    
0
   
994,820
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
4,436,812
 
                                                               
TOTAL ACCRUED INSURANCE
    
0
   
994,820
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
18,119,603
 
                                                               
ACCRUED PERCENTAGE RENT
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
2,196,404
 
ACCRUED INTEREST - SHORT TERM
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
23,237,994
 
ACCRUED PROPERTY TAXES
    
0
   
3,195,694
   
0
   
0
   
0
   
29,875
   
0
   
0
   
0
   
6,506,494
 
ACCRUED POSTAGE
    
0
   
(74
)
  
0
   
0
   
0
   
0
   
0
   
0
   
0
   
7,916
 
ACCRUED ADVERTISING
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
469,828
 
ACCRUED LIABILITIES - OTHER
    
0
   
1,259,382
   
0
   
492
   
0
   
116,394
   
0
   
0
   
(28
)
  
15,518,837
 
                                                               
TOTAL OTHER ACCRUED LIABILITIES
    
0
   
4,455,003
   
0
   
492
   
0
   
146,270
   
0
   
0
   
(28
)
  
47,937,472
 
                                                               
GIFT CERTIFICATES/GIFT CARDS
    
0
   
1,322,105
   
0
   
0
   
0
   
1,228,628
   
0
   
0
   
0
   
5,927,059
 
CASH RECEIPTS SUSPENSE
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
253,989
 
WORKERS COMPENSATION PAYABLE
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
21,262,659
 
SALES/USE TAX PAYABLE
    
0
   
4,422,728
   
0
   
(151
)
  
0
   
265,160
   
1,904
   
0
   
0
   
9,661,356
 
ACCRUED RESTAURANT CLOSING COSTS
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
365,740
 
                                                               
TOTAL ACCRUED LIABILITIES
    
126,903
   
16,158,279
   
0
   
1,947,145
   
0
   
2,108,294
   
1,904
   
30,834
   
(28
)
  
130,838,879
 
                                                               
INCOME TAXES PAYABLE
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
100
   
0
   
(1,070,790
)
ESTIMATED INCOME TAXES
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
440,000
 
                                                               
TOTAL INCOME TAXES PAYABLE
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
100
   
0
   
(630,790
)
                                                               
CURRENT MATURITIES OF LONG-TERM DEBT
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
5,300,000
 
SHORT TERM BORROWINGS
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
56,300,000
 
SHORT TERM BORROWINGS - DIP
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
30,000,000
 
                                                               
TOTAL CURRENT LIABILITIES
    
126,903
   
21,511,671
   
0
   
1,947,145
   
0
   
2,296,081
   
1,904
   
30,934
   
(28
)
  
306,432,190
 
                                                               
NOTES PAYABLE TO PARENT
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
SENIOR DEBT - BANK
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
518,728,000
 
SENIOR DEBT - PUBLIC
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
300,000,000
 
                                                               
TOTAL LONG-TERM DEBT
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
818,728,000
 
                                                               
ACCRUED RENT
    
0
   
14,104,228
   
0
   
0
   
0
   
1,082,071
   
0
   
0
   
0
   
42,385,327
 
                                                               
DEFERRED INCOME TAX
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
26,687,308
 
INCOME TAX PAYABLE - NON-CURRENT
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
27,001,331
 
                                                               
LONG TERM SUBLEASE DEPOSITS
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
149,905
 
POST RETIREMENT BENEFITS PAYABLE
    
0
   
1,120,778
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
1,778,378
 
TOTAL DEFERRED INCOME
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
6,171,440
 
DISASTER RELIEF PROGRAM
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
58,950
 
                                                               
TOTAL OTHER LONG-TERM LIABILITIES
    
0
   
1,120,778
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
8,158,674
 
                                                               
TOTAL NON-CURRENT LIABILITIES
    
0
   
15,225,006
   
0
   
0
   
0
   
1,082,071
   
0
   
0
   
0
   
922,960,640
 
                                                               
TOTAL LIABILITIES
    
126,903
   
36,736,676
   
0
   
1,947,145
   
0
   
3,378,152
   
1,904
   
30,934
   
(28
)
  
1,229,392,830
 
 
 
   
ELIMINATIONS
 
BUFFETS INC.
 
BUFFETS LEASING
 
BUFFETS HOLDING
 
OCB REST CO
 
OCB REST LEASING
 
HOMETOWN BUFFET
 
HTB LEASING CO
 
RYAN'S ELIM
 
RYAN'S INC.
 
RYAN'S LEASING
 
 
 
9-08
 
9-08
 
9-08
 
9-08
 
9-08
 
9-08
 
9-08
 
9-08
 
9-08
 
9-08
 
9-08
  
                                               
SHAREHOLDERS' EQUITY
                                              
CAPITAL STOCK
    
(162
)
  
1
   
0
   
31,045
   
30
   
0
   
1
   
0
   
(100
)
  
100
   
0
 
ADDITIONAL PAID IN CAPITAL
    
0
   
0
   
0
   
81,601
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
                                                                     
CONTRIBUTED CAPITAL
    
(425,693,100
)
  
82,310,523
   
0
   
0
   
131,839,755
   
0
   
62,648,728
   
0
   
(462,780,202
)
  
146,398,859
   
0
 
INTERCO CONTRIBUTIONS (DISTRIBUTIONS)
    
(570,342
)
  
394,189,753
   
3,638,913
   
(5,863,336
)
  
80,660,733
   
28,199,136
   
(289,439,326
)
  
7,181,153
   
(29,477,421
)
  
206,772,441
   
75
 
DIVIDENDS PAID (INTERCO)
    
309,534,343
   
(308,760,577
)
  
0
   
(773,766
)
  
0
   
0
   
0
   
0
   
0
   
0
   
0
 
DIVIDENDS RECEIVED (INTERCO)
    
(164,575,190
)
  
773,766
   
0
   
163,801,424
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
                                                                     
ACCUM OTHER COMPREHENSIVE INCOME
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
                                                                     
DIVIDENDS PAID TO SHAREHOLDERS
    
(1
)
  
0
   
0
   
(101,164,801
)
  
0
   
0
   
0
   
0
   
210,000,000
   
0
   
0
 
RETAINED EARNINGS
    
(135,461
)
  
(425,310,928
)
  
(499,458
)
  
(62,623,692
)
  
(151,615,826
)
  
(2,718,332
)
  
239,823,045
   
(872,584
)
  
(180,522,579
)
  
175,832,542
   
(75
)
LEVEL 8 PROFIT/LOSS
    
(68
)
  
(42,014,173
)
  
(376,912
)
  
0
   
(7,966,713
)
  
(3,373,720
)
  
12,712,942
   
(515,426
)
  
0
   
(4,909,566
)
  
0
 
                                                                     
RETAINED EARNINGS
    
(135,529
)
  
(467,325,101
)
  
(876,370
)
  
(163,788,493
)
  
(159,582,539
)
  
(6,092,052
)
  
252,535,987
   
(1,388,011
)
  
29,477,421
   
170,922,976
   
(75
)
                                                                     
TOTAL SHAREHOLDERS' EQUITY
    
(281,439,980
)
  
(298,811,635
)
  
2,762,543
   
(6,511,524
)
  
52,917,979
   
22,107,084
   
25,745,389
   
5,793,142
   
(462,780,302
)
  
524,094,376
   
0
 
                                                                     
TOTAL LIABILITIES & S/E
    
(431,239,980
)
  
810,155,504
   
2,766,824
   
(6,511,524
)
  
88,817,511
   
22,136,845
   
44,004,192
   
5,800,403
   
(462,780,302
)
  
697,898,743
   
0
 
 

   
RYAN'S MGMT
 
FIRE MTN INC.
 
FIRE MTN LEASING
 
FIRE MTN MGMT
 
BIG R PROCURE
 
TAHOE JOE'S
 
THJ LEASING
 
OCB PURCHASING
 
BUFFETS FRANCHISE
 
CONSOLIDATED
 
 
 
9-08
 
9-08
 
9-08
 
9-08
 
9-08
 
9-08
 
9-08
 
9-08
 
9-08
 
9-08
  
                                           
SHAREHOLDERS' EQUITY
                                          
CAPITAL STOCK
    
0
   
100
   
0
   
0
   
0
   
10
   
0
   
10
   
10
   
31,045
 
ADDITIONAL PAID IN CAPITAL
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
81,601
 
                                                               
CONTRIBUTED CAPITAL
    
0
   
462,780,202
   
0
   
0
   
0
   
1,299,126
   
0
   
946,118
   
249,990
   
0
 
INTERCO CONTRIBUTIONS (DISTRIBUTIONS)
    
2,074,806
   
(132,842,099
)
  
315
   
39,327,635
   
0
   
9,056,847
   
1,407,405
   
(314,375,706
)
  
59,020
   
(0
)
DIVIDENDS PAID (INTERCO)
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
DIVIDENDS RECEIVED (INTERCO)
    
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
0
 
                                                               
ACCUM OTHER COMPREHENSIVE INCOME
    
0
   
14,552
   
0
   
0
   
0
   
0
   
0
   
0
   
0
   
14,552
 
                                                               
DIVIDENDS PAID TO SHAREHOLDERS
    
0
   
(210,000,000
)
  
0
   
0
   
0
   
0
   
0
   
0
   
0
   
(101,164,801
)
RETAINED EARNINGS
    
(2,671,774
)
  
32,898,703
   
0
   
(41,773,259
)
  
0
   
5,303,582
   
(101,490
)
  
315,969,856
   
(59,020
)
  
(99,076,749
)
LEVEL 8 PROFIT/LOSS
    
(2,294,053
)
  
4,666,932
   
4,935
   
(52,348,992
)
  
0
   
432,739
   
83,383
   
18,817,820
   
(81,912
)
  
(77,162,784
)
                                                               
RETAINED EARNINGS
    
(4,965,827
)
  
(172,434,365
)
  
4,935
   
(94,122,251
)
  
0
   
5,736,321
   
(18,107
)
  
334,787,676
   
(140,931
)
  
(277,404,335
)
                                                               
TOTAL SHAREHOLDERS' EQUITY
    
(2,891,021
)
  
157,518,390
   
5,250
   
(54,794,616
)
  
0
   
16,092,305
   
1,389,297
   
21,358,098
   
168,088
   
(277,277,137
)
                                                               
TOTAL LIABILITIES & S/E
    
(2,764,118
)
  
194,255,066
   
5,250
   
(52,847,472
)
  
0
   
19,470,457
   
1,391,201
   
21,389,032
   
168,060
   
952,115,693
 
 
 
In re: Buffets Holdings, Inc. and Subsidiaries
Case No. 08-10142
          
Debtor
Reporting Period.:   2/7/08 - 3/5/08
          
                     
                     
STATUS OF POSTPETITION TAXES
                     
I hereby certify that the debtor and all affiliated debtors have paid all taxes due from January 22, 2008, the petition date, through February 6, 2008, the end of this reporting period.
                     
 
                    
                     
Keith A. Wall, CFO
                    
                     
                     
SUMMARY OF UNPAID DEBTS
                     
 
 
 
Number of Days Past Due
 
Current
0-30
31-60
61-90
Over 90
Total
Accounts Payable
40,432
          
Accrued Compensation
27,311
          
Accrued Worker's Compensation
21,263
          
Accrued Sales, Use and Property Taxes
16,168
          
Accrued Insurance
18,120
          
Accrued Interest
23,238
          
Accrued Litigation Reserve
9,456
          
Unearned revenue (gift cards/certificates)
5,927
          
Accrued Legal and Consulting Fees
2,035
          
Closed Restaurant Reserve, Current Portion
334
          
Accrued Percentage Rent
2,196
          
Accrued Other
4,791
          
Income Taxes Payable
440
          
Total Debts
171,711
          

Explain how and when the Debtor intends to pay any past-due debts.The Debtors intend to pay all valid postpetition obligations as and when they come due.
 

In re: Buffets Holdings, Inc. and Subsidiaries
Case No. 08-10142
Debtor
Reporting Period.:
2/7/08 - 3/5/08
 
Accounts Receivable Aging
Amount
  
0 - 30 days old
5,897,448
  
31 - 60 days old
310,163
  
61 - 90 days old
836,203
  
91+ days old
    
Total Accounts Receivable
7,043,814
  
Amount considered uncollectible (Bad Debt)
0
  
Accounts Receivable (Net)
7,043,814
  
 
Aged receivables relate primarily to vendor rebates and vending machine income.
     
DEBTOR QUESTIONNAIRE
     
 
Must be completed each month
Yes
No
1. Have any assets been sold or transferred outside the normal course of business
this reporting period? If yes, provide an explanation below.
 
X
  
2. Have any funds been disbursed from any account other than a debtor in possession
account this reporting period? If yes, provide an explanation below.
  
 
X
3. Have all postpetition tax returns been timely filed? If no, provide an explanation
below.
 
X
  
4. Are workers compensation, general liability and other necessary insurance
coverages in effect? If no, provide an explanation below.
 
X
  
5. Has any bank account been opened during the reporting period? If yes, provide
documentation identifying the opened account(s). If an investment account has been opened
provide the required documentation pursuant to the Delaware Local Rule 4001-3.
 
 
X
  

The Debtors sold two properties that were listed as held for sale during the period, pursuant to court order. The sale of property located in Wichita, KS resulted in a gain of approximately $433,000 and the sale of property located in Sikeston, MD resulted in a loss of approximately $203,000.
 

In re: Buffets Holdings, Inc. and Subsidiaries
Case No. 08-10142
Debtor
Reporting Period.:
2/7/08 - 3/5/08
               
The purpose of this schedule is to list all accounts opened during the period by the Debtors per question #5 of the Debtor Questionnaire.
               
Account Name
  
Bank Name
  
Account Number
  
Date Opened
  
Buffets, Inc. (Utilities Deposits)
  
Wells Fargo Bank
  
412-1673040
  
2/8/2008
  
Buffets, Inc. (Letter of Credit)
  
US Bank
  
410000723
  
2/26/2008
  
 
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