Impairment and Disposal, Net

9 Months Ended

Oct. 02, 2011

Impairment and Disposal, Net [Abstract]

D.	IMPAIRMENT AND DISPOSAL CHARGES, NET

Long-lived assets, such as property and equipment, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. During the 12 week period ended October 2, 2011, the Company recorded a charge of $0.2 million due to an increase in the future lease obligations of previously closed locations of $0.1 million and $0.1 million of exit and disposal costs, as compared to a $2.5 million charge in the same prior-year period. During the 40 week period ended October 2, 2011, the Company recorded a net gain of $0.2 million due to net reductions of previously closed locations future lease obligations of $0.6 million, partly offset by $0.4 million of exit and disposal costs, as compared to a $5.8 million charge in the same prior-year period.

During the 12 and 40 week periods ended October 2, 2011, there are exit and disposal costs included in continuing and discontinued operations associated with lease obligations from previously closed restaurants and the Bellingham, Massachusetts distribution center. These locations currently have operating lease obligations with lease termination dates ranging from 2011 to 2021. The liability associated with the lease obligations is included in accrued expenses and other long-term liabilities on the unaudited interim consolidated balance sheet as of October 2, 2011.

A reconciliation of the liability balance is summarized in the table below (in millions):

Exit and Disposal Liability
Balance, December 26, 2010	$	4.8
Exit and Disposal Costs- Continuing Operations		(0.3	)
Payments- Continuing Operations		(1.6	)
Discontinued Operations Activity		(0.7	)
Balance, October 2, 2011	$	2.2