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FIXED ASSETS

12 Months Ended

Oct. 01, 2011

Property, Plant and Equipment Disclosure [Text Block]


7.	FIXED ASSETS



	Fixed assets consist of the following:


		October 1, 2011			October 2, 2010

		(In thousands)

Leasehold improvements		$	36,472		$	34,175
Furniture, fixtures and equipment			34,144			32,142
Construction in progress			587			367

			71,203			66,684
Less: accumulated depreciation and amortization			47,964			42,571


		$	23,239		$	24,113


	Depreciation and amortization expense related to fixed assets for the years ended October 1, 2011 and October 2, 2010 was $4,483,000 and $3,865,000, respectively.

	Management continually evaluates unfavorable cash flows, if any, related to underperforming restaurants. Periodically it is concluded that certain properties have become impaired based on their existing and anticipated future economic outlook in their respective markets. In such instances, we may impair assets to reduce their carrying values to fair values. Estimated fair values of impaired properties are based on comparable valuations, cash flows and/or management judgment. During the year ended October 1, 2011, the Company recorded a charge of $2,603,000 to impair the leasehold improvements and equipment of an underperforming restaurant in which the Company is a majority partner. Therefore, the impairment amount reflected in our fiscal 2011 Consolidated Statement of Income is offset by the share of the charge attributable to the limited partners, or $856,000, which is included in the Net (Income) Loss Attributable to Non-controlling Interests line item in the accompanying Consolidated Statement of Income. Based on the current facts and circumstances, the property does not meet the criteria for held for sale classification. No impairment charges were recorded for the year ended October 2, 2010.

	Non-recurring fair value measurements related to impaired fixed assets as of October 1, 2011 consist of the following:


		Fair Value Measurements at October 1, 2011 Using:


		Total			Level 1			Level 2			Level 3			Total Losses

Assets
Long-lived assets held and used		$	390		$	-		$	-		$	390		$	2,603


Total Assets		$	390		$	-		$	-		$	390		$	2,603

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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