Subsequent Events

9 Months Ended

Oct. 02, 2012

Subsequent Events

Subsequent Events

9.  Subsequent Events

Hurricane Sandy, which severely affected the Mid-Atlantic and Northeast United States in late October, caused closures and other business interruption issues at a number of our restaurants.  As of the date of this filing, all of the impacted locations are reopened.  We had no significant physical damage to any of our restaurants and are evaluating the impact of the storm on our fourth quarter results including our ability to recoup any losses through insurance coverage.

On November 6, 2012, our Board of Directors approved the adoption of 10b5-1 Plan which will be effective from December 6, 2012 through July 3, 2013.  See “Liquidity and Capital Resources” in Part I, Item 2 of this report for further discussion of our share repurchases.