----

| (Mark One) |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| R          | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|       | For the fiscal year ended December 27, 2009                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| OR         |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| £     | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|       | For the transition period from                                                                 to                                                           |

|   |   (Exact name of Registrant as specified in its charter) |   |
|--------|---------------------------------------------------------------|--------|

| Delaware                                                   | 62-1254388                           |
|------------------------------------------------------------|--------------------------------------|
| (State or other jurisdiction of                            | (I.R.S. Employer Identification No.) |
| incorporation or organization)                             |                                 |
|                                                       |                                 |
| 6075 Poplar Ave. Suite 800 Memphis, TN                     | 38119                                |
| (Address of principal executive offices)                   | (Zip Code)                           |
| (901) 766-6400                                             |
| (Registrant’s telephone number, including area code) |

| Title of each class  | Name of each exchange on which registered  |
|---------------------------|-------------------------------------------------|

| Large accelerated filer£ | Accelerated filer£                       | Non-accelerated filerR | Smaller reporting company£ |
|-------------------------------|-----------------------------------------------|------------------------|---------------------------------|
|                          | (Do not check if a smaller reporting company) |

| Class: Common Stock, $.01 par value per share | Outstanding as of June 4, 2010: 10,820 shares |
|-----------------------------------------------|-----------------------------------------------|
| Documents incorporated by reference: None     |                                          |

----

| ·   | In conjunction with the Acquisition, we recorded certain non-amortizing intangible assets in our allocation of the purchase price.  However, at that time we failed to record the related deferred tax liabilities aggregating $40,506,000 for the differences between the income tax basis and the financial reporting basis of such assets and the associated corresponding increase in goodwill; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Such deferred tax liabilities in the Acquisition purchase price allocation should have then been increased by $4,951,000 during the year ended December 31, 2006 (with a corresponding charge to the provision for income taxes in that year) due to a change in our effective tax rates; and, |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | During the year ended December 28, 2008, we had previously recorded an impairment to goodwill of $20,202,000.  A significant portion of the additional goodwill associated with the Acquisition accounting error discussed above should have also been impaired at that time resulting in an additional $27,242,000 impairment charge during the year ended December 28, 2008. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

TABLE OF CONTENTS

| PART II                                                                                             |     |
|-----------------------------------------------------------------------------------------------------|----------|
| Item 6. Selected Financial Data                                                                     | 4        |
| Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations | 5        |
| Item 8. Financial Statements and Supplementary Data                                                 | 23       |
| Item 9A(T). Controls and Procedures                                                                 | 62       |
| PART IV                                                                                             |     |
| Item 15. Exhibits and Financial Statement Schedules                                                 | 64       |
| SIGNATURES                                                                                          |  66 |
| SCHEDULE II – Item 15(a)(2)                                                                   |  67 |
| Ex-31.1 Section 302 Certification                                                                   |     |
| Ex-31.2 Section 302 Certification                                                                   |     |
| Ex-32.1 Section 906 Certification                                                                   |     |
| Ex-32.2 Section 906 Certification                                                                   |     |

----

Table of Contents

Item 6. Selected Financial Data

|                                                                         |   | 2009     |    |   | 2008     |   |    | 2007     |   |   | 2006     |   |   | 2005     |    |
|------------------------------------------------------------------------------|--------|----------|---------|--------|----------|--------|---------|----------|--------|--------|----------|--------|--------|----------|---------|
| Statement of Operations Data:                                                |   | Restated |    |   | Restated |   |    | Restated |   |   | Restated |   |   | Restated |    |
| Revenues                                                                     |   | $        | 536,068 |   |     |   | 581,970 |     |   |   | 587,886  |   |   |     | 594,190 |   |   |   | 321,473 |   |
| Net loss attributable to PMCI (c)                                            |   |     | (36,219 | )      |     |   | (80,195 | )        |   |   | (16,335  | )      |   |     | (14,323 | ) |   |   | (15,231 | ) |
| Balance Sheet Data (at year end):                                            |   |     |    |   |     |   |    |     |   |   |     |   |   |     |    |   |   |   |   |   |
| Total assets (c)                                                             |   |     | 304,905 |   |     |   | 336,772 |     |   |   | 403,448  |   |   |     | 387,351 |   |   |   | 386,782 |   |
| Long-term debt and capital leaseobligations (a)                              |   |     | 337,096 |   |     |   | 330,249 |     |   |   | 309,996  |   |   |     | 292,628 |   |   |   | 300,077 |   |
| Statistical Data:                                                            |   |     |    |   |     |   |    |     |   |   |     |   |   |     |    |   |   |   |   |   |
| Full-service restaurants in operation at end of year:                        |   |     |    |   |     |   |    |     |   |   |     |   |   |     |    |   |   |   |   |   |
| Company-operated Perkins                                                     |   |     | 163     |   |     |   | 164     |     |   |   | 162      |   |   |     | 155     |   |   |   | 151 |   |
| Franchised Perkins (b)                                                       |   |     | 314     |   |     |   | 317     |     |   |   | 323      |   |   |     | 322     |   |   |   | 331 |   |
| Total Perkins                                                                |   |     | 477     |   |     |   | 481     |     |   |   | 485      |   |   |     | 477     |   |   |   | 482 |   |
|                                                                         |   |     |    |   |     |   |    |     |   |   |     |   |   |     |    |   |   |   |   |   |
| Company-operated Marie Callender’s                                     |   |     | 91      |   |     |   | 90      |     |   |   | 91       |   |   |     | 91      |   |   |   | 92 |   |
| Company-operated East Side Mario’s                                     |   |     | 1       |   |     |   | 1       |     |   |   | 1        |   |   |     | 1       |   |   |   | 1 |   |
| Franchised Marie Callender’s                                           |   |     | 39      |   |     |   | 42      |     |   |   | 44       |   |   |     | 46      |   |   |   | 47 |   |
| Total Marie Callender’s                                                |   |     | 131     |   |     |   | 133     |     |   |   | 136      |   |   |     | 138     |   |   |   | 140 |   |
| Average annual sales per Company-operated Perkins restaurant                 |   | $        | 1,715   |   |     |   | 1,840   |     |   |   | 1,890    |   |   |     | 1,944   |   |   |   | 1,866 |   |
| Average annual royalties per franchised Perkins restaurant                   |   |     | 60      |   |     |   | 62      |     |   |   | 64       |   |   |     | 66      |   |   |   | 64 |   |
| Average annual sales per Company-operated Marie Callender’s restaurant |   |     | 2,079   |   |     |   | 2,217   |     |   |   | 2,339    |   |   |     | 2,369   |   |   |   | 2,298 |   |
| Average annual royalties per franchised Marie Callender’s restaurant   |   |     | 86      |   |     |   | 98      |     |   |   | 102      |   |   |     | 105     |   |   |   | 107 |   |

| (a) | Excluding current maturities of $503, $382, $9,464, $1,706 and $3,311, respectively. |
|-----|--------------------------------------------------------------------------------------|

| (b)      | Excludes one franchised Perkins Express. |
|-----------------------------------|------------------------------------------|

| (c)  | The following tables present the impact of the restatement adjustments (see Note 19 – “Restatement of Consolidated Financial Statements”) on the net loss attributable to PMCI for fiscal 2006 and total assets at year end 2005, 2006 and 2007, previously reported on Annual Report on Form 10-K for such years. |
|-----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Table of Contents

|                          |   | As Previously |    |   |        |   |   |     |   |
|-------------------------------|--------|---------------|---------|--------|-------------|--------|--------|----------|--------|
|                          |   | Reported      |    |   | Adjustments |   |   | Restated |   |
| Net loss attributable to PMCI |   |          |    |   |        |   |   |     |   |
| 2006                          |   |          | (9,372  | )      |        |   | (4,951 | )        |   |   | (14,323 | ) |
|                          |   |          |    |   |        |   |   |     |   |   |   |   |
| Total assets                  |   |          |    |   |        |   |   |     |   |   |   |   |
| 2007                          |   |          | 362,942 |   |        |   | 40,506 |     |   |   | 403,448 |   |
| 2006                          |   |          | 346,845 |   |        |   | 40,506 |     |   |   | 387,351 |   |
| 2005                          |   |          | 346,276 |   |        |   | 40,506 |     |   |   | 386,782 |   |

Item 7. Management’s Discussion and Analysis of Financial Condition and Results
of Operations

|   | • | general economic conditions, consumer preferences and demographic patterns, either nationally or in particular regions in which we operate; |
|--------|---------|---------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | our substantial indebtedness; |
|--------|---------|-------------------------------|

|   | • | our liquidity and capital resources; |
|--------|---------|--------------------------------------|

|   | • | competitive pressures and trends in the restaurant industry; |
|--------|---------|--------------------------------------------------------------|

|   | • | prevailing prices and availability of food, labor, raw materials, supplies and energy; |
|--------|---------|----------------------------------------------------------------------------------------|

|   | • | a failure to obtain timely deliveries from our suppliers or other supplier issues; |
|--------|---------|------------------------------------------------------------------------------------|

|   | • | our ability to successfully implement our business strategy; |
|--------|---------|--------------------------------------------------------------|

----

Table of Contents

|   | • | relationships with franchisees and the financial health of franchisees; |
|--------|---------|-------------------------------------------------------------------------|

|   | • | legal proceedings and regulatory matters; and |
|--------|---------|-----------------------------------------------|

|   | • | our development and expansion plans. |
|--------|---------|--------------------------------------|

----

Table of Contents

----

Table of Contents

----

Table of Contents

|                   |   | Years  |          |
|------------------------|--------|--------|---------------|
| Land improvements      |   |   | 3 — 20  |   |
| Buildings              |   |   | 20 — 30 |   |
| Leasehold improvements |   |   | 3 — 20  |   |
| Equipment              |   |   | 1 — 7   |   |

----

Table of Contents

----

Table of Contents

|                  |   | Percentage of Total Revenues |   |
|-----------------------|--------|------------------------------|--------|
|                  |   | Year Ended                   |   |   | Year Ended |   |   | Year Ended |   |
|                  |   | December 27, 2009            |   |   | December 28, 2008 |   |   | December 30, 2007 |   |
|                  |   |                         |   |   |   |   |   |   |   |
| Restaurant operations |   |                         | 87.7   | % |   |   | 86.5 | % |   |   | 86.9 | % |
| Franchise operations  |   |                         | 4.2    | % |   |   | 4.1 | % |   |   | 4.4 | % |
| Foxtail               |   |                         | 7.0    | % |   |   | 8.5 | % |   |   | 7.8 | % |
| Other                 |   |                         | 1.1    | % |   |   | 0.9 | % |   |   | 0.9 | % |
| Total revenues        |   |                         | 100.0  | % |   |   | 100.0 | % |   |   | 100.0 | % |

----

Table of Contents

|                        |   | Consolidated Results |    |   | Restaurant Operations |   |           | Franchise Operations |   |
|-----------------------------|--------|----------------------|---------|--------|-----------------------|--------|----------------|----------------------|--------|
|                        |   | 2009                 |    |   | 2008                  |   |           | 2007                 |   |   | 2009 |   |   | 2008 |   |   | 2007 |   |   | 2009 |   |   | 2008 |   |   | 2007 |   |
|                        |   |                 |    |   |  Restated        |   |           |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |  Restated |   |   |   |   |
| Food sales                  |   | $                    | 528,815 |   |                  |   | 572,550        |                 |   |   | 576,816 |   |   |   | 470,346 |   |   |   | 503,242 |   |   |   | 510,863 |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Franchise and other revenue | 28,305 |                 |    |   | 29,508                |   |           |                 | 30,896 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 22,532 |   |   |   | 24,141 |   |   |   | 25,982 |   |
| Intersegment revenue        |   |                 | (21,052 | )      |                  |   | (20,088        | )                    |   |   | (19,826 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Total revenues              |   |                 | 536,068 |   |                  |   | 581,970        |                 |   |   | 587,886 |   |   |   | 470,346 |   |   |   | 503,242 |   |   |   | 510,863 |   |   |   | 22,532 |   |   |   | 24,141 |   |   |   | 25,982 |   |
|                        |   |                 |    |   |                  |   |           |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Food cost                   |   |                 | 26.0    | %      |                  |   | 29.2           | %                    |   |   | 28.5 | % |   |   | 25.4 | % |   |   | 26.9 | % |   |   | 27.1 | % |   |   | n/a |   |   |   | n/a |   |   |   | n/a |   |
| Labor and benefits          |   |                 | 33.1    | %      |                  |   | 32.4           | %                    |   |   | 32.2 | % |   |   | 36.1 | % |   |   | 35.5 | % |   |   | 35.3 | % |   |   | n/a |   |   |   | n/a |   |   |   | n/a |   |
| Operating expenses          |   |                 | 27.2    | %      |                  |   | 26.2           | %                    |   |   | 25.4 | % |   |   | 29.3 | % |   |   | 28.3 | % |   |   | 27.6 | % |   |   | 8.3 | % |   |   | 8.3 | % |   |   | 8.5 | % |
|                        |   |                 |    |   |                  |   |           |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Segment (loss) profit       |   | $                    | (36,219 | )      |                  |   | (80,195        | )                    |   |   | (16,335 | ) |   |   | 24,551 |   |   |   | 26,806 |   |   |   | 32,459 |   |   |   | 20,665 |   |   |   | (21,396 |  ) |   |   | 23,774 |   |
|                        |   |                 |    |   |                  |   |           |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                        |   | Foxtail (a)          |    |   | Other (b)             |   |           |                 |   |
|                        |   |                 | 2009    |   |                  |   | 2008           |                 |   |   | 2007 |   |   |   | 2009 |   |   |   | 2008 |   |   |   | 2007 |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                        |   |                 |    |   |                  |   |  Restated |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Food sales                  |   | $                    | 58,469  |   |                  |   | 69,308         |                 |   |   | 65,953 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Franchise and other revenue | -      |                 |    |   | -                     |   |           |                 | -      |   |   |   | 5,773 |   |   |   | 5,367 |   |   |   | 4,914 |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Intersegment revenue        |   |                 | (21,052 | )      |                  |   | (20,088        | )                    |   |   | (19,826 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total revenues              |   |                 | 37,417  |   |                  |   | 49,220         |                 |   |   | 46,127 |   |   |   | 5,773 |   |   |   | 5,367 |   |   |   | 4,914 |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                        |   |                 |    |   |                  |   |           |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Food cost                   |   |                 | 56.8    | %      |                  |   | 65.9           | %                    |   |   | 60.9 | % |   |   | n/a |   |   |   | n/a |   |   |   | n/a |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Labor and benefits          |   |                 | 12.6    | %      |                  |   | 13.5           | %                    |   |   | 13.1 | % |   |   | n/a |   |   |   | n/a |   |   |   | n/a |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating expenses          |   |                 | 10.5    | %      |                  |   | 11.0           | %                    |   |   | 9.7 | % |   |   | n/a |   |   |   | n/a |   |   |   | n/a |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                        |   |                 |    |   |                  |   |           |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Segment (loss) profit       |   | $                    | 4,162   |   |                  |   | (6,743         | )                    |   |   | 3,687 |   |   |   | (85,597 | ) |   |   | (78,862 | ) |   |   | (76,255 | ) |   |   |   |   |   |   |   |   |   |   |   |   |

| (a) | The percentages for food cost, labor and benefits, and operating expenses, as presented above, represent manufacturing costs at Foxtail. Foxtail’s selling, general and administrative expenses are included in general and administrative expenses in the Consolidated Statements of Operations and in the Foxtail segment profit or loss presented above. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | Licensing revenue of $5,505,000, $5,125,000 and $4,564,000 for fiscal 2009, 2008 and 2007, respectively, is included in the other segment revenues. The other segment loss includes corporate general and administrative expenses, interest expense and other non-operational expenses. For details of the other segment loss, see Note 16, “Segment Reporting” in the Notes to Consolidated Financial Statements. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Table of Contents

----

Table of Contents

----

Table of Contents

----

Table of Contents

----

Table of Contents

----

Table of Contents

----

Table of Contents

| 1. | The Company would, at the time of such Restricted Payments and after giving pro forma effect thereto as if such Restricted Payment had been made at the beginning of the applicable four-quarter period, have been permitted to incur at least $1.00 of additional indebtedness pursuant to the fixed charge coverage ratio tests as defined in the indenture. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | Such Restricted Payment, together with the aggregate amount of all other Restricted Payments made by the Company after September 21, 2005, is less than the sum, without duplication, of (i) 50% of the consolidated net income of the Company for the period from the beginning of the first full fiscal quarter commencing after the date of the indenture to the end of the Company’s most recent ended fiscal quarter for which internal financial statements are available at the time of the Restricted Payment; (ii) 100% of the aggregate net proceeds received by the Company since the date of the indenture as a contribution to its equity capital or from the sale of equity interests of the Company or from the conversion of interests or debt securities that have been converted to equity interests; and (iii) to the extent that any Restricted Investment, as defined, that was made after the date of the indenture is sold for cash, the lesser of (a) the cash return of capital or (b) the aggregate amount of such restricted investment that was treated as a Restricted Payment when made. |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Table of Contents

|                                             |   | Year Ended        |   |   | Year Ended        |   |    | Year Ended        |   |
|-------------------------------------------------------|--------|-------------------|--------|--------|-------------------|--------|---------|-------------------|--------|
|                                                  |   | December 27, 2009 |   |   | December 28, 2008 |   |    | December 30, 2007 |   |
| Cash flows provided by (used in) operating activities |   | $                 | 621    |   |              |   | (9,489  | )                 |   |   | 15,479 |   |
| Cash flows used in investing activities               |   |              | (8,239 | )      |              |   | (17,649 | )                 |   |   | (31,526 | ) |
| Cash flows provided by financing activities           |   |              | 7,293  |   |              |   | 12,719  |              |   |   | 26,010 |   |

----

Table of Contents

|                                                              |   | Year Ended        |   |   | Year Ended        |   |   | Year Ended        |   |
|-------------------------------------------------------------------|--------|-------------------|--------|--------|-------------------|--------|--------|-------------------|--------|
|                                                         |   | December 27, 2009 |   |   | December 28, 2008 |   |   | December 30, 2007 |   |
| New restaurants (including restaurants acquired from franchisees) |   | $                 | 155    |   |              |   | 2,302  |              |   |   | 15,255 |   |
| Restaurant improvements                                           |   |              | 5,876  |   |              |   | 6,650  |              |   |   | 8,675 |   |
| Restaurant remodeling and reimaging                               |   |              | 1,421  |   |              |   | 3,165  |              |   |   | 4,920 |   |
| Manufacturing plant improvements                                  |   |              | 727    |   |              |   | 4,710  |              |   |   | 1,476 |   |
| Other                                                             |   |              | 554    |   |              |   | 1,509  |              |   |   | 1,221 |   |
| Total capital expenditures                                        |   | $                 | 8,733  |   |              |   | 18,336 |              |   |   | 31,547 |   |

----

Table of Contents

|                     |   | Fiscal2010 |    |   | Fiscal2011 |   |    | Fiscal2012 |   |   | Fiscal2013 |   |   | Fiscal2014 |    |   | Thereafter |   |    | Total  |   |
|-------------------------------|--------|------------|---------|--------|------------|--------|---------|------------|--------|--------|------------|--------|--------|------------|---------|--------|------------|--------|---------|--------|--------|
| Contractual Obligations (1)   |   |       |    |   |       |   |    |       |   |   |       |   |   |       |    |   |       |   |    |   |   |
| 10% Senior Notes              |   | $          | — |   |       |   | — |       |   |   | —    |   |   |       | 190,000 |   |       |   | — |   |   |   | — |   |   |   | 190,000 |   |
| Secured Notes                 |   |       | — |   |       |   | — |       |   |   | —    |   |   |       | 132,000 |   |       |   | — |   |   |   | — |   |   |   | 132,000 |   |
| Revolver                      |   |       | — |   |       |   | — |       |   |   | —    |   |   |       | 11,171  |   |       |   | — |   |   |   | — |   |   |   | 11,171 |   |
| Capital lease obligations     |   |       | 1,581   |   |       |   | 1,406   |       |   |   | 1,374      |   |   |       | 1,381   |   |       |   | 1,403   |   |   |   | 16,178 |   |   |   | 23,323 |   |
| Operating leases              |   |       | 36,631  |   |       |   | 34,266  |       |   |   | 32,578     |   |   |       | 29,919  |   |       |   | 27,308  |   |   |   | 229,667 |   |   |   | 390,369 |   |
| Interest on indebtedness (2)  |   |       | 38,148  |   |       |   | 38,148  |       |   |   | 38,148     |   |   |       | 23,601  |   |       |   | — |   |   |   | — |   |   |   | 138,045 |   |
| Purchase commitments (3)      |   |       | 47,546  |   |       |   | 1,581   |       |   |   | 730        |   |   |       | 449     |   |       |   | 449     |   |   |   | 898 |   |   |   | 51,653 |   |
| Management fee (4)            |   |       | — |   |       |   | — |       |   |   | —    |   |   |       | 22,524  |   |       |   | — |   |   |   | — |   |   |   | 22,524 |   |
| Total contractual obligations |   | $          | 123,906 |   |       |   | 75,401  |       |   |   | 72,830     |   |   |       | 411,045 |   |       |   | 29,160  |   |   |   | 246,743 |   |   |   | 959,085 |   |

| (1) | In addition to the contractual obligations disclosed in this table, we have unrecognized tax benefits with respect to which, based on uncertainties associated with the items, we are unable to make reasonably reliable estimates of the period of potential cash settlements, if any, with taxing authorities. (See Note 10 of the Notes to our Consolidated Financial Statements). |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Represents interest expense using the interest rate of 10.0% on the $190,000,000 of 10% Senior Notes, 14.0% on the $132,000,000 of Secured Notes and 8.25% on the outstanding balance of $11,171,000 under the Revolver at December 27, 2009. Interest obligations exclude interest on capital lease obligations and fees on any letters of credit that may be issued under our new credit agreement. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Primarily represents commitments to purchase food products for the restaurant and manufacturing segments. |
|-----|-----------------------------------------------------------------------------------------------------------|

| (4) | The Company is obligated for management fees due to Castle Harlan; however, as long as the Company’s current debt agreements are in place, the Company is limited as to the amount that can be paid each year.  As of December 27, 2009, $10,383,000 of past due management fees were accrued in other liabilities and fees will continue to accrue quarterly at an annual rate of 3% of equity contributed by Castle Harlan and affiliates. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Table of Contents

Item 8. Financial Statements and Supplementary Data

----

Table of Contents

----

Table of Contents

|                                                |   | Year Ended   |    |   | Year Ended     |   |    | Year Ended   |   |
|-----------------------------------------------------|--------|--------------|---------|--------|----------------|--------|---------|--------------|--------|
|                                                |   | December 27, |    |   | December 28,   |   |    | December 30, |   |
|                                                |   | 2009         |    |   | 2008           |   |    | 2007         |   |
| REVENUES:                                           |   |         |    |   |  Restated |   |    |         |   |
| Food sales                                          |   | $            | 507,763 |   |           |   | 552,462 |         |   |   | 556,990 |   |
| Franchise and other revenue                         |   |         | 28,305  |   |           |   | 29,508  |         |   |   | 30,896 |   |
|    Total revenues                    |   |         | 536,068 |   |           |   | 581,970 |         |   |   | 587,886 |   |
| COSTS AND EXPENSES:                                 |   |         |    |   |           |   |    |         |   |   |   |   |
| Cost of sales (excluding depreciation shown below): |   |         |    |   |           |   |    |         |   |
|     Food cost                   |   |         | 131,765 |   |           |   | 161,103 |         |   |   | 158,708 |   |
|     Labor and benefits          |   |         | 177,672 |   |           |   | 188,431 |         |   |   | 189,307 |   |
|     Operating expenses          |   |         | 145,630 |   |           |   | 152,260 |         |   |   | 149,437 |   |
| General and administrative                          |   |         | 46,153  |   |           |   | 47,829  |         |   |   | 44,874 |   |
| Transaction costs                                   |   |         | -       |   |           |   | -       |         |   |   | 1,013 |   |
| Depreciation and amortization                       |   |         | 24,041  |   |           |   | 24,699  |         |   |   | 24,822 |   |
| Interest, net                                       |   |         | 44,120  |   |           |   | 36,689  |         |   |   | 31,180 |   |
| Asset impairments and closed store expenses         |   |         | 5,997   |   |           |   | 1,797   |         |   |   | 2,463 |   |
| Goodwill impairment                                 |   |         | -       |   |           |   | 47,444  |         |   |   | - |   |
| Loss on extinguishments of debt                     |   |         | -       |   |           |   | 2,952   |         |   |   | - |   |
| Other, net                                          |   |         | (3,460  | )      |           |   | 446     |         |   |   | 228 |   |
|     Total costs and expenses    |   |         | 571,918 |   |           |   | 663,650 |         |   |   | 602,032 |   |
| Loss before income taxes                            |   |         | (35,850 | )      |           |   | (81,680 | )            |   |   | (14,146 | ) |
| Benefit from (provision for) income taxes           |   |         | (171    | )      |           |   | 1,769   |         |   |   | (1,482 | ) |
| Net loss                                            |   |         | (36,021 | )      |           |   | (79,911 | )            |   |   | (15,628 | ) |
| Less: net earnings attributable to                  |   |         |    |   |           |   |    |         |   |   |   |   |
|     non-controlling interests   |   |         | 198     |   |           |   | 284     |         |   |   | 707 |   |
| Net loss attributable to Perkins & Marie        |   |         |    |   |           |   |    |         |   |   |   |   |
|     Callender's Inc.            |   | $            | (36,219 | )      |           |   | (80,195 | )            |   |   | (16,335 | ) |

----

Table of Contents

|                                                                                                                                                               |   | December 27, |     |   | December 28,   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------|----------|--------|----------------|--------|
|                                                                                                                                                               |   | 2009         |     |   | 2008           |   |
| ASSETS                                                                                                                                                             |   | Restated     |     |   |  Restated |   |
| CURRENT ASSETS:                                                                                                                                                    |   |         |     |   |           |   |
| Cash and cash equivalents                                                                                                                                          |   | $            | 4,288    |   |           |   | 4,613 |   |
| Restricted cash                                                                                                                                                    |   |         | 8,110    |   |           |   | 10,140 |   |
| Receivables, less allowances for doubtful accounts of $829    and $954 in 2009 and 2008, respectively                                          |   |         | 18,125   |   |           |   | 21,386 |   |
| Inventories                                                                                                                                                        |   |         | 11,062   |   |           |   | 12,300 |   |
| Prepaid expenses and other current assets                                                                                                                          |   |         | 1,864    |   |           |   | 2,996 |   |
|      Total current assets                                                                                                                 |   |         | 43,449   |   |           |   | 51,435 |   |
|                                                                                                                                                               |   |         |     |   |           |   |   |   |
| PROPERTY AND EQUIPMENT, net of accumulated   depreciation and amortization of $156,898 and $150,056 in   2009 and 2008, respectively |   |         | 75,219   |   |           |   | 93,500 |   |
| INVESTMENT IN UNCONSOLIDATED PARTNERSHIP                                                                                                                           |   |         | 50       |   |           |   | 48 |   |
| GOODWILL                                                                                                                                                           |   |         | 23,100   |   |           |   | 23,100 |   |
| INTANGIBLE ASSETS, net of accumulated amortization of   $20,179 and $19,963 in 2009 and 2008, respectively                                          |   |         | 147,013  |   |           |   | 150,847 |   |
| OTHER ASSETS                                                                                                                                                       |   |         | 16,074   |   |           |   | 17,842 |   |
| TOTAL ASSETS                                                                                                                                                       |   | $            | 304,905  |   |           |   | 336,772 |   |
|                                                                                                                                                               |   |         |     |   |           |   |   |   |
|  LIABILITIES AND DEFICIT                                                                                                                                      |   |         |     |   |           |   |   |   |
|                                                                                                                                                               |   |         |     |   |           |   |   |   |
| CURRENT LIABILITIES:                                                                                                                                               |   |         |     |   |           |   |   |   |
| Accounts payable                                                                                                                                                   |   |         | 14,657   |   |           |   | 18,295 |   |
| Accrued expenses                                                                                                                                                   |   |         | 41,605   |   |           |   | 47,040 |   |
| Franchise advertising contributions                                                                                                                                |   |         | 4,327    |   |           |   | 5,316 |   |
| Current maturities of long-term debt and capital lease obligations                                                                                                 |   |         | 503      |   |           |   | 382 |   |
|      Total current liabilities                                                                                                            |   |         | 61,092   |   |           |   | 71,033 |   |
|                                                                                                                                                               |   |         |     |   |           |   |   |   |
| LONG-TERM DEBT, less current maturities                                                                                                                            |   |         | 326,042  |   |           |   | 316,534 |   |
| CAPITAL LEASE OBLIGATIONS, less current maturities                                                                                                                 |   |         | 11,054   |   |           |   | 13,715 |   |
| DEFERRED RENT                                                                                                                                                      |   |         | 17,092   |   |           |   | 15,343 |   |
| OTHER LIABILITIES                                                                                                                                                  |   |         | 22,277   |   |           |   | 17,741 |   |
| DEFERRED INCOME TAXES                                                                                                                                         |   |         | 45,457   |   |           |   | 45,457 |   |
|                                                                                                                                                               |   |         |     |   |           |   |   |   |
| DEFICIT:                                                                                                                                                           |   |         |     |   |           |   |   |   |
| Common stock, $.01 par value; 100,000 shares authorized;                                                                                                           |   |         |     |   |           |   |   |   |
|      10,820 issued and outstanding                                                                                                        |   |         | 1        |   |           |   | 1 |   |
| Additional paid-in capital                                                                                                                                         |   |         | 150,870  |   |           |   | 149,851 |   |
| Accumulated other comprehensive income (loss)                                                                                                                      |   |         | 45       |   |           |   | (4 | ) |
| Accumulated deficit                                                                                                                                                |   |         | (329,333 | )      |           |   | (293,114 | ) |
|      Total PMCI stockholder's deficit                                                                                                     |   |         | (178,417 | )      |           |   | (143,266 | ) |
| Noncontrolling interests                                                                                                                                           |   |         | 308      |   |           |   | 215 |   |
|      Total deficit                                                                                                                        |   |         | (178,109 | )      |           |   | (143,051 | ) |
| TOTAL LIABILITIES AND DEFICIT                                                                                                                                      |   | $            | 304,905  |   |           |   | 336,772 |   |

----

Table of Contents

|                                                                  |   | Year Ended   |    |   | Year Ended     |   |     | Year Ended   |   |
|-----------------------------------------------------------------------|--------|--------------|---------|--------|----------------|--------|----------|--------------|--------|
|                                                                  |   | December 27, |    |   | December 28,   |   |     | December 30, |   |
|                                                                  |   | 2009         |    |   | 2008           |   |     | 2007         |   |
| CASH FLOWS FROM OPERATING ACTIVITIES:                                 |   |         |    |   |  Restated |   |     |         |   |
| Net loss                                                              |   | $            | (36,021 | )      |           |   | (79,911  | )            |   |   | (15,628 | ) |
| Adjustments to reconcile net loss to net cash provided by (used in)   |   |         |    |   |           |   |     |         |   |   |   |   |
|  operating activities:                                           |   |         |    |   |           |   |     |         |   |   |   |   |
|   Depreciation and amortization                             |   |         | 24,041  |   |           |   | 24,699   |         |   |   | 24,822 |   |
|   Asset impairments                                         |   |         | 4,476   |   |           |   | 1,292    |         |   |   | 2,237 |   |
|   Amortization of debt discount                             |   |         | 1,540   |   |           |   | 647      |         |   |   | 324 |   |
|   Other non-cash income and expense items                   |   |         | (2,475  | )      |           |   | (12      | )            |   |   | 333 |   |
|   Loss on disposition of assets                             |   |         | 1,521   |   |           |   | 505      |         |   |   | 226 |   |
|   Goodwill impairment                                       |   |         | -       |   |           |   | 47,444   |         |   |   | - |   |
|   Loss on extinguishment of debt                            |   |         | -       |   |           |   | 2,952    |         |   |   | - |   |
|   Equity in net (income) loss of unconsolidated partnership |   |         | (2      | )      |           |   | 5        |         |   |   | 82 |   |
|   Net changes in operating assets and liabilities           |   |         | 7,541   |   |           |   | (7,110   | )            |   |   | 3,083 |   |
|   Total adjustments                                         |   |         | 36,642  |   |           |   | 70,422   |         |   |   | 31,107 |   |
| Net cash provided by (used in) operating activities                   |   |         | 621     |   |           |   | (9,489   | )            |   |   | 15,479 |   |
|                                                                  |   |         |    |   |           |   |     |         |   |   |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES:                                 |   |         |    |   |           |   |     |         |   |   |   |   |
| Purchases of property and equipment                                   |   |         | (8,733  | )      |           |   | (18,336  | )            |   |   | (31,547 | ) |
| Proceeds from sale of assets                                          |   |         | 494     |   |           |   | 687      |         |   |   | 21 |   |
| Net cash used in investing activities                                 |   |         | (8,239  | )      |           |   | (17,649  | )            |   |   | (31,526 | ) |
|                                                                  |   |         |    |   |           |   |     |         |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES:                                 |   |         |    |   |           |   |     |         |   |   |   |   |
| Proceeds from revolving credit facilities                             |   |         | 31,778  |   |           |   | 84,848   |         |   |   | 75,100 |   |
| Repayment of revolving credit facilities                              |   |         | (23,791 | )      |           |   | (101,664 | )            |   |   | (55,100 | ) |
| Proceeds from Secured Notes, net of $7,537 discount                   |   |         | -       |   |           |   | 124,463  |         |   |   | - |   |
| Repayment of Term Loan                                                |   |         | -       |   |           |   | (98,750  | )            |   |   | (750 | ) |
| Repayment of capital lease obligations                                |   |         | (429    | )      |           |   | (413     | )            |   |   | (702 | ) |
| Proceeds from (repayment of) other debt                               |   |         | (18     | )      |           |   | (18      | )            |   |   | 82 |   |
| Debt financing costs                                                  |   |         | (142    | )      |           |   | (9,559   | )            |   |   | - |   |
| Lessor financing of new restaurants                                   |   |         | -       |   |           |   | 2,286    |         |   |   | 6,107 |   |
| Distributions to non-controlling interest holders                     |   |         | (105    | )      |           |   | (402     | )            |   |   | (519 | ) |
| Capital contributions                                                 |   |         | -       |   |           |   | 12,500   |         |   |   | 1,792 |   |
| Repurchase of equity ownership units in P&MC's Holding LLC        |   |         | -       |   |           |   | (572     | )            |   |   | - |   |
| Net cash provided by financing activities                             |   |         | 7,293   |   |           |   | 12,719   |         |   |   | 26,010 |   |
|                                                                  |   |         |    |   |           |   |     |         |   |   |   |   |
| NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS                  |   |         | (325    | )      |           |   | (14,419  | )            |   |   | 9,963 |   |
|                                                                  |   |         |    |   |           |   |     |         |   |   |   |   |
| CASH AND CASH EQUIVALENTS:                                            |   |         |    |   |           |   |     |         |   |   |   |   |
|   Balance, beginning of period                              |   |         | 4,613   |   |           |   | 19,032   |         |   |   | 9,069 |   |
|   Balance, end of period                                    |   | $            | 4,288   |   |           |   | 4,613    |         |   |   | 19,032 |   |

----

Table of Contents

|                                                             |   |    |    |   |       |   |    |        |   |   | Accumulated   |    |   |          |    |   |           |   |         |    |   |
|------------------------------------------------------------------|--------|---------|---------|--------|------------|--------|---------|-------------|--------|--------|---------------|---------|--------|---------------|---------|--------|----------------|--------|--------------|---------|--------|
|                                                             |   |    |    |   | Additional |   |    |        |   |   | Other         |    |   | Total PMCI    |    |   |           |   |         |    |   |
|                                                             |   | Common  |    |   | Paid-in    |   |    | Accumulated |   |   | Comprehensive |    |   | Stockholder's |    |   | Noncontrolling |   |         | Total   |   |
|                                                             |   | Stock   |    |   | Capital    |   |    | Deficit     |   |   | Income (Loss) |    |   | Deficit       |    |   | Interests      |   |         | Deficit |   |
|                                                             |   |    |    |   |       |   |    |        |   |   |          |    |   |          |    |   |           |   |         |    |   |
| Balance, January 1, 2007, as reported                            |   | $  | 1       |   |       |   | 136,131 |        |   |   | (191,816      | )  |   |          | 13      |   |           |   | (55,671      | )  |   |   | 75 |   |   |   | (55,596 | )  |
| Adjustments                                                      |   |    |  - |   |       |   |  - |        |   |   |  (4,951  | )  |   |          |  - |   |           |   |  (4,951 | )  |   |   |  - |   |   |   |  (4,951 | )  |
|                                                             |   |    |    |   |       |   |    |        |   |   |          |    |   |          |    |   |           |   |         |    |   |   |   |   |   |   |   |   |
| Balance, January 1, 2007, restated                               |   |    | 1       |   |       |   | 136,131 |        |   |   | (196,767      | )       |   |          | 13      |   |           |   | (60,622      | )       |   |   | 75 |   |   |   | (60,547 | ) |
|                                                             |   |    |    |   |       |   |    |        |   |   |          |    |   |          |    |   |           |   |         |    |   |   |   |   |   |   |   |   |
| Cumulative adjustment upon adoption of FIN 48                    |   | -       |    |   |       | -      |    |        |   | 183    |          |    |   | -             |    |   |           | 183    |         |    |   | - |   |   |   | 183 |   |
|                                                             |   |    |    |   |       |   |    |        |   |   |          |    |   |          |    |   |           |   |         |    |   |   |   |   |   |   |   |   |
| Capital contribution                                             |   |    | -       |   |       |   | 1,792   |        |   |   | -             |    |   |          | -       |   |           |   | 1,792        |    |   |   | - |   |   |   | 1,792 |   |
|                                                             |   |    |    |   |       |   |    |        |   |   |          |    |   |          |    |   |           |   |         |    |   |   |   |   |   |   |   |   |
| Distributions to non-controlling interest holders                |   | -       |    |   |       | -      |    |        |   | -      |          |    |   | -             |    |   |           | -      |         |    |   | (519 | ) |   |   | (519 | ) |
|                                                             |   |    |    |   |       |   |    |        |   |   |          |    |   |          |    |   |           |   |         |    |   |   |   |   |   |   |   |   |
| Consolidation of previously unconsolidated limited partnership   |   |    | -       |   |       |   | -       |        |   |   | -             |    |   |          | -       |   |           |   | -            |    |   |   | 70 |   |   |   | 70 |   |
|                                                             |   |    |    |   |       |   |    |        |   |   |          |    |   |          |    |   |           |   |         |    |   |   |   |   |   |   |   |   |
| Net (loss) earnings                                              |   |    | -       |   |       |   | -       |        |   |   | (16,335       | )       |   |          | -       |   |           |   | (16,335      | )       |   |   | 707 |   |   |   | (15,628 | ) |
| Currency translation adjustment                                  |   |    | -       |   |       |   | -       |        |   |   | -             |    |   |          | 73      |   |           |   | 73           |    |   |   | - |   |   |   | 73 |   |
| Total comprehensive loss                                         |   |    |    |   |       |   |    |        |   |   |          |    |   |          |    |   |           |   |         |    |   |   |   |   |   |   | (15,555 | ) |
| Balance, December 30, 2007, restated                             |   |    | 1       |   |       |   | 137,923 |        |   |   | (212,919      | )       |   |          | 86      |   |           |   | (74,909      | )       |   |   | 333 |   |   |   | (74,576 | ) |
|                                                             |   |    |    |   |       |   |    |        |   |   |          |    |   |          |    |   |           |   |         |    |   |   |   |   |   |   |   |   |
| Capital contribution                                             |   |    | -       |   |       |   | 12,500  |        |   |   | -             |    |   |          | -       |   |           |   | 12,500       |    |   |   | - |   |   |   | 12,500 |   |
|                                                             |   |    |    |   |       |   |    |        |   |   |          |    |   |          |    |   |           |   |         |    |   |   |   |   |   |   |   |   |
| Distribution of equity ownership units in P&MC's Holding LLC |   | -       |    |   |       | (572   | )       |        |   | -      |          |    |   | -             |    |   |           | (572   | )            |    |   | - |   |   |   | (572 | ) |
|                                                             |   |    |    |   |       |   |    |        |   |   |          |    |   |          |    |   |           |   |         |    |   |   |   |   |   |   |   |   |
| Distributions to non-controlling interest holders                |   | -       |    |   |       | -      |    |        |   | -      |          |    |   | -             |    |   |           | -      |         |    |   | (402 | ) |   |   | (402 | ) |
|                                                             |   |    |    |   |       |   |    |        |   |   |          |    |   |          |    |   |           |   |         |    |   |   |   |   |   |   |   |   |
| Net (loss) earnings, restated                                    |   |    | -       |   |       |   | -       |        |   |   | (80,195       | )       |   |          | -       |   |           |   | (80,195      | )       |   |   | 284 |   |   |   | (79,911 | ) |
| Currency translation adjustment                                  |   |    | -       |   |       |   | -       |        |   |   | -             |    |   |          | (90     | )      |           |   | (90          | )       |   |   | - |   |   |   | (90 | ) |
| Total comprehensive loss                                         |   |    |    |   |       |   |    |        |   |   |          |    |   |          |    |   |           |   |         |    |   |   |   |   |   |   | (80,001 | ) |
| Balance, December 28, 2008, restated                             |   |    | 1       |   |       |   | 149,851 |        |   |   | (293,114      | )       |   |          | (4      | )      |           |   | (143,266     | )       |   |   | 215 |   |   |   | (143,051 | ) |
|                                                             |   |    |    |   |       |   |    |        |   |   |          |    |   |          |    |   |           |   |         |    |   |   |   |   |   |   |   |   |
| Lease termination by related party (non-cash)                    |   | -       |    |   |       | 1,019  |    |        |   | -      |          |    |   | -             |    |   |           | 1,019  |         |    |   | - |   |   |   | 1,019 |   |
|                                                             |   |    |    |   |       |   |    |        |   |   |          |    |   |          |    |   |           |   |         |    |   |   |   |   |   |   |   |   |
| Distributions to non-controlling interest holders                |   | -       |    |   |       | -      |    |        |   | -      |          |    |   | -             |    |   |           | -      |         |    |   | (105 | ) |   |   | (105 | ) |
|                                                             |   |    |    |   |       |   |    |        |   |   |          |    |   |          |    |   |           |   |         |    |   |   |   |   |   |   |   |   |
| Net (loss) earnings                                              |   |    | -       |   |       |   | -       |        |   |   | (36,219       | )       |   |          | -       |   |           |   | (36,219      | )       |   |   | 198 |   |   |   | (36,021 | ) |
| Currency translation adjustment                                  |   |    | -       |   |       |   | -       |        |   |   | -             |    |   |          | 49      |   |           |   | 49           |    |   |   | - |   |   |   | 49 |   |
| Total comprehensive loss                                         |   |    |    |   |       |   |    |        |   |   |          |    |   |          |    |   |           |   |         |    |   |   |   |   |   |   | (35,972 | ) |
| Balance, December 27, 2009, restated                             |   | $       | 1       |   |       |   | 150,870 |        |   |   | (329,333      | )       |   |          | 45      |   |           |   | (178,417     | )       |   |   | 308 |   |   |   | (178,109 | ) |

----

Table of Contents

| ·   | Perkins & Marie Callender’s Holding Inc., which is a wholly-owned subsidiary of |
|--------------------|-------------------------------------------------------------------------------------------|

| ·   | P&MC’s Holding Corp, which is a wholly-owned subsidiary of |
|--------------------|----------------------------------------------------------------------|

| ·   | P&MC’s Real Estate Holding LLC, which is a wholly-owned subsidiary of |
|--------------------|---------------------------------------------------------------------------------|

| ·   | P&MC’s Holding LLC, which is principally owned by affiliates of Castle Harlan, Inc. (“Castle Harlan”). |
|--------------------|------------------------------------------------------------------------------------------------------------------------------|

----

Table of Contents

----

Table of Contents

----

Table of Contents

|                   |   | Years  |          |
|------------------------|--------|--------|---------------|
| Land improvements      |   |   | 3 — 20  |   |
| Buildings              |   |   | 20 — 30 |   |
| Leasehold improvements |   |   | 3 — 20  |   |
| Equipment              |   |   | 1 — 7   |   |

----

Table of Contents

----

Table of Contents

----

Table of Contents

| ·   | Noncontrolling interests of $215,000 as of December 28, 2008 were reclassified and are now included in total deficit in the accompanying Consolidated Balance Sheets. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Net earnings attributable to noncontrolling interests of $284,000 and $707,000 for the years ended December 28, 2008 and December 30, 2007, respectively, are presented separately after net loss in the accompanying consolidated statements of operations. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Table of Contents

|                                      |   | Year Ended             |   |   | Year Ended        |   |                      | Year Ended        |   |
|-------------------------------------------|--------|------------------------|--------|--------|-------------------|--------|---------------------------|-------------------|--------|
|                                      |   | December 27, 2009 |   |   | December 28, 2008 |   |                      | December 30, 2007 |   |
| (Increase) decrease in:                   |   |                   |   |   |              |   |                      |              |   |
| Restricted cash                           |   | $                      | 2,100  |   |              |   | ­─ ­ |              |   |   | ─ |   |
| Receivables                               |   |                   | 3,423  |   |              |   | (3,726                    | )                 |   |   | 1,470 |   |
| Inventories                               |   |                   | 1,238  |   |              |   | 939                       |              |   |   | (2,218 | ) |
| Prepaid expenses and other current assets |   |                   | 1,133  |   |              |   | 2,736                     |              |   |   | (904 | ) |
| Other assets                              |   |                   | 1,911  |   |              |   | 3,594                     |              |   |   | (467 | ) |
|                                      |   |                   |   |   |              |   |                      |              |   |   |   |   |
| Increase (decrease) in:                   |   |                   |   |   |              |   |                      |              |   |   |   |   |
| Accounts payable                          |   |                   | (3,636 | )      |              |   | (7,327                    | )                 |   |   | 2,642 |   |
| Accrued expenses                          |   |                   | (4,579 | )      |              |   | (7,422                    | )                 |   |   | (2,516 | ) |
| Other liabilities                         |   |                   | 5,951  |   |              |   | 4,096                     |              |   |   | 5,076 |   |
|                                      |   | $                      | 7,541  |   |              |   | (7,110                    | )                 |   |   | 3,083 |   |

|                        |   | Year Ended   |   |   | Year Ended   |   |   | Year Ended   |   |
|-----------------------------|--------|--------------|--------|--------|--------------|--------|--------|--------------|--------|
|                        |   | December 27, |   |   | December 28, |   |   | December 30, |   |
|                        |   | 2009         |   |   | 2008         |   |   | 2007         |   |
| Cash paid for interest      |   | $            | 43,531 |   |         |   | 30,279 |         |   |   | 29,186 |   |
| Income taxes paid           |   |         | 153    |   |         |   | 681    |         |   |   | 1,044 |   |
| Income tax refunds received |   |         | 1,241  |   |         |   | 577    |         |   |   | 954 |   |
|                        |   |         |   |   |         |   |   |         |   |   |   |   |

|                                              |   | December 27, 2009 |     |   | December 28, 2008 |   |
|--------------------------------------------------------|--------|-------------------|----------|--------|-------------------|--------|
| Owned:                                                 |   |              |     |   |              |   |
| Land and land improvements                             |   | $                 | 3,310    |   |              |   | 3,344 |   |
| Buildings                                              |   |              | 7,372    |   |              |   | 8,542 |   |
| Leasehold improvements                                 |   |              | 89,534   |   |              |   | 90,668 |   |
| Equipment                                              |   |              | 123,269  |   |              |   | 128,745 |   |
| Construction in progress                               |   |              | 1,147    |   |              |   | 1,690 |   |
|                                                   |   |              | 224,632  |   |              |   | 232,989 |   |
| Less — accumulated depreciation and amortization |   |              | (152,035 | )      |              |   | (144,985 | ) |
|                                                   |   |              | 72,597   |   |              |   | 88,004 |   |
|                                                   |   |              |     |   |              |   |   |   |
| Property under capital lease:                          |   |              |     |   |              |   |   |   |
| Leasehold improvements                                 |   |              | 7,485    |   |              |   | 9,521 |   |
| Less — accumulated amortization                  |   |              | (4,863   | )      |              |   | (5,071 | ) |
|                                                   |   |              | 2,622    |   |              |   | 4,450 |   |
|                                                   |   |              |     |   |              |   |   |   |
| Assets held for sale                                   |   |              | -        |   |              |   | 1,046 |   |
| Property and equipment, net                            |   | $                 | 75,219   |   |              |   | 93,500 |   |

----

Table of Contents

|                                             |   | Lease Obligations |    |
|--------------------------------------------------|--------|-------------------|---------|
|                                             |   | Capital           |    |   | Operating |   |
| 2010                                             |   | $                 | 1,581   |   |   |   | 36,631 |   |
| 2011                                             |   |              | 1,406   |   |   |   | 34,266 |   |
| 2012                                             |   |              | 1,374   |   |   |   | 32,578 |   |
| 2013                                             |   |              | 1,381   |   |   |   | 29,919 |   |
| 2014                                             |   |              | 1,403   |   |   |   | 27,308 |   |
| Thereafter                                       |   |              | 16,178  |   |   |   | 229,667 |   |
| Total minimum lease payments                     |   |              | 23,323  |   |   | $ | 390,369 |   |
| Less:                                            |   |              |    |   |   |   |   |   |
| Amounts representing interest (at 3.3% to 18.2%) |   |              | (11,781 | ) |   |   |   |   |
| Capital lease obligations                        |   | $                 | 11,542  |   |   |   |   |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | Lessor |   |   | Sublessor |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|-----------|--------|
| 2010                                                                                                                                                           |   | $      | 152    |   |      |   | 694 |   |
| 2011                                                                                                                                                           |   |   | 115    |   |      |   | 564 |   |
| 2012                                                                                                                                                           |   |   | 77     |   |      |   | 475 |   |
| 2013                                                                                                                                                           |   |   | 77     |   |      |   | 362 |   |
| 2014                                                                                                                                                           |   |   | 19     |   |      |   | 235 |   |
| Thereafter                                                                                                                                                     |   |   | -      |   |      |   | 827 |   |
| Total expected minimum lease rental receipts                                                                                                                   |   | $      | 440    |   |      |   | 3,157 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | Year EndedDecember 27, 2009 |   |   | Year EndedDecember 28, 2008 |   |   | Year EndedDecember 30, 2007 |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------|--------|--------|-----------------------------|--------|--------|-----------------------------|--------|
| Minimum rentals                                                                                                 |   | $                           | 38,694 |   |                        |   | 38,365 |                        |   |   | 41,269 |   |
| Contingent rentals                                                                                              |   |                        | 606    |   |                        |   | 930    |                        |   |   | 1,566 |   |
| Less — sublease rentals                                                                                   |   |                        | (654   | )      |                        |   | (616   | )                           |   |   | (715 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | $                           | 38,646 |   |                        |   | 38,679 |                        |   |   | 42,120 |   |

----

Table of Contents

|                       |   | RestaurantOperations |     |   | FranchiseOperations |   |                 |   Foxtail |   |   | TotalCompany         |   |
|---------------------------------|--------|----------------------|----------|--------|---------------------|--------|----------------------|----------------|--------|--------|----------------------|--------|
|                            |   |                 | Restated |   |                |   | Restated   |           |   |   | Restated   |   |   |   | Restated   |   |
| Balance as of December 30, 2007 |   | $                    | 23,100   |   |                |   | 43,537               |           |   |   | 3,907                |   |   |   | 70,544 |   |
| Goodwill impairment charge      |   |                 | —  |   |                |   | (43,537              | )              |   |   | (3,907               | )      |   |   | (47,444 | ) |
| Balance as of December 28, 2008 |   |                 | 23,100   |   |                |   | —              |           |   |   | —              |   |   |   | 23,100 |   |
| Adjustments                     |   |                 | —  |   |                |   | —              |           |   |   | —              |   |   |   | — |   |
| Balance as of December 27, 2009 |   | $                    | 23,100   |   |                |   | ─              |           |   |   | ─              |   |   |   | 23,100 |   |

|                             |   | December 27, 2009 |    |   | December 28, 2008 |   |
|---------------------------------------|--------|-------------------|---------|--------|-------------------|--------|
| Amortizing intangible assets:         |   |              |    |   |              |   |
| Franchise agreements                  |   | $                 | 35,000  |   |              |   | 35,000 |   |
| Customer relationships                |   |              | 10,000  |   |              |   | 13,300 |   |
| Acquired franchise rights             |   |              | 10,758  |   |              |   | 11,076 |   |
| Design prototype                      |   |              | 834     |   |              |   | 834 |   |
| Subtotal                              |   |              | 56,592  |   |              |   | 60,210 |   |
| Less — accumulated amortization |   |              | (20,179 | )      |              |   | (19,963 | ) |
| Net amortizing intangible assets      |   |              | 36,413  |   |              |   | 40,247 |   |
| Non-amortizing intangible asset:      |   |              |    |   |              |   |   |   |
| Trade names                           |   |              | 110,600 |   |              |   | 110,600 |   |
| Total intangible assets               |   | $                 | 147,013 |   |              |   | 150,847 |   |

|    |   | Estimated Amortization Expense |   |
|--------------|--------|--------------------------------|--------|
| 2010         |   | $                              | 2,056  |   |
| 2011         |   |                           | 2,016  |   |
| 2012         |   |                           | 1,962  |   |
| 2013         |   |                           | 1,849  |   |
| 2014         |   |                           | 1,820  |   |

----

Table of Contents

|                             |   | December 27, 2009 |   |   | December 28, 2008 |   |
|---------------------------------------|--------|-------------------|--------|--------|-------------------|--------|
| Payroll and related benefits          |   | $                 | 15,423 |   |              |   | 15,017 |   |
| Property, real estate and sales taxes |   |              | 4,267  |   |              |   | 4,118 |   |
| Insurance                             |   |              | 2,219  |   |              |   | 1,874 |   |
| Gift cards and gift certificates      |   |              | 5,090  |   |              |   | 7,446 |   |
| Advertising                           |   |              | 792    |   |              |   | 978 |   |
| Interest                              |   |              | 6,065  |   |              |   | 9,634 |   |
| Other                                 |   |              | 7,749  |   |              |   | 7,973 |   |
|                                  |   | $                 | 41,605 |   |              |   | 47,040 |   |

|                                                                                 |   | December 27, 2009 |    |   | December 28, 2008 |   |
|-------------------------------------------------------------------------------------------|--------|-------------------|---------|--------|-------------------|--------|
| 10% Senior Notes, due October 1, 2013, net of discount of $1,219 and $1,548, respectively |   | $                 | 188,781 |   |              |   | 188,452 |   |
| Secured Notes, due May 31, 2013, net of discount of $6,010 and $7,220, respectively       |   |              | 125,990 |   |              |   | 124,780 |   |
| Revolver, due February 28, 2013                                                           |   |              | 11,171  |   |              |   | 3,184 |   |
| Promissory Note, due January 2011                                                         |   |              | 100     |   |              |   | 100 |   |
| Other                                                                                     |   |              | 15      |   |              |   | 33 |   |
|                                                                                      |   |              | 326,057 |   |              |   | 316,549 |   |
| Less current maturities                                                                   |   |              | (15     | )      |              |   | (15 | ) |
|                                                                                      |   | $                 | 326,042 |   |              |   | 316,534 |   |

----

Table of Contents

| 1. | The Company would, at the time of such Restricted Payments and after giving pro forma effect thereto as if such Restricted Payment had been made at the beginning of the applicable four-quarter period, have been permitted to incur at least $1.00 of additional indebtedness pursuant to the fixed charge coverage ratio tests as defined in the indenture. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | Such Restricted Payment, together with the aggregate amount of all other Restricted Payments made by the Company after September 21, 2005, is less than the sum, without duplication, of (i) 50% of the consolidated net income of the Company for the period from the beginning of the first full fiscal quarter commencing after the date of the indenture to the end of the Company’s most recent ended fiscal quarter for which internal financial statements are available at the time of the Restricted Payment; (ii) 100% of the aggregate net proceeds received by the Company since the date of the indenture as a contribution to its equity capital or from the sale of equity interests of the Company or from the conversion of interests or debt securities that have been converted to equity interests; and (iii) to the extent that any Restricted Investment, as defined, that was made after the date of the indenture is sold for cash, the lesser of (a) the cash return of capital or (b) the aggregate amount of such restricted investment that was treated as a Restricted Payment when made. |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Table of Contents

----

Table of Contents

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | Amount |    |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------|
| 2010                                                                                                                                 |   | $      | ─ |   |
| 2011                                                                                                                                 |   |   | 100     |   |
| 2012                                                                                                                                 |   |   | ─ |   |
| 2013                                                                                                                                 |   |   | 333,171 |   |
| 2014                                                                                                                                 |   |   | ─ |   |
| Thereafter                                                                                                                           |   |   | ─ |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | $      | 333,271 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   | December 27, 2009 |   |   | December 28, 2008 |   |   | December 30, 2007 |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|--------|--------|-------------------|--------|--------|-------------------|--------|
| Current:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |              |   |   |              |   |   |              |   |
| Federal                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | $                 | 47     |   |              |   | 1,929  |              |   |   | (1,274 | ) |
| State and local                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |              | (218   | )      |              |   | 82     |              |   |   | 258 |   |
| Total current benefit (provision)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |              | (171   | )      |              |   | 2,011  |              |   |   | (1,016 | ) |
| Deferred:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |              |   |   |              |   |   |              |   |   |   |   |
| Federal                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |              | -      |   |              |   | (242   | )                 |   |   | (248 | ) |
| State and local                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |              | -      |   |              |   | -      |              |   |   | (218 | ) |
| Total deferred provision                                                                                                                                  |   |              | -      |   |              |   | (242   | )                 |   |   | (466 | ) |
| Benefit from (provision for) income taxes                                                                                   |   | $                 | (171   | )      |              |   | 1,769  |              |   |   | (1,482 | ) |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | December 27, 2009 |   |   | December 28, 2008 |   |     | December 30, 2007 |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|--------|--------|-------------------|--------|----------|-------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |              |   |   |              |   | Restated |              |   |   |   |   |
| Federal statutory rate                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |              | 34.0   | %      |              |   | 34.0     | %                 |   |   | 34.0 | % |
| Federal income tax credits and addbacks                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |              | 5.4    | %      |              |   | 2.5      | %                 |   |   | 1.2 | % |
| State income taxes, net of Federal taxes                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |              | 7.8    | %      |              |   | 2.3      | %                 |   |   | (1.2 | )% |
| Changes in uncertain tax positions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |              | 0.2    | %      |              |   | 0.6      | %                 |   |   | (6.1 | )% |
| Non-deductible goodwill impairment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |              | -      |   |              |   | (19.7    | )%                |   |   | - |   |
| Non-deductible interest, expenses, other, net                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |              | (1.1   | )%     |              |   | 0.2      | %                 |   |   | 0.9 | % |
| Federal and state valuation allowances                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |              | (46.8  | )%     |              |   | (17.7    | )%                |   |   | (39.3 | )% |
| Effective tax rate                                                                                   |   |              | (0.5   | )%     |              |   | 2.2      | %                 |   |   | (10.5 | )% |

----

Table of Contents

|                                                                          |   | December 27, 2009 |    |   | December 28, 2008 |   |
|------------------------------------------------------------------------------------|--------|-------------------|---------|--------|-------------------|--------|
|                                                                               |   | Restated          |    |   | Restated          |   |
| Deferred tax assets:                                                               |   |              |    |   |              |   |
| Net operating loss carryforwards                                                   |   | $                 | 24,165  |   |              |   | 18,176 |   |
| Accrued expenses not currently deductible                                          |   |              | 17,149  |   |              |   | 15,371 |   |
| Tax credit carryforwards                                                           |   |              | 13,261  |   |              |   | 10,278 |   |
| Property, equipment, and improvements — tax basis in excess of book basis    |   |              | 14,440  |   |              |   | 14,429 |   |
| Capital leases                                                                     |   |              | 4,611   |   |              |   | 2,046 |   |
| Total deferred tax assets                                                          |   |              | 73,626  |   |              |   | 60,300 |   |
| Less valuation allowance                                                           |   |              | (59,197 | )      |              |   | (43,498 | ) |
|                                                                               |   |              | 14,429  |   |              |   | 16,802 |   |
| Deferred tax liabilities:                                                          |   |              |    |   |              |   |   |   |
| Investment in unconsolidated partnership                                           |   |              | -       |   |              |   | (18 | ) |
| Intangible assets — amortizing — book basis in excess of tax basis     |   |              | (14,429 | )      |              |   | (16,784 | ) |
| Intangible assets — non-amortizing — book basis in excess of tax basis |   |              | (45,457 | )      |              |   | (45,457 | ) |
|                                                                               |   |              | (59,886 | )      |              |   | (62,259 | ) |
| Net deferred tax liabilities                                                       |   | $                 | (45,457 | )      |              |   | (45,457 | ) |

----

Table of Contents

|                                                |   | 2009   |   |   | 2008   |   |   | 2007   |   |
|-----------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
| Unrecognized tax benefit - beginning of fiscal year |   | $      | 1,359  |   |   |   | 5,724  |   |   |   | 5,126 |   |
| Additions for tax positions of prior years          |   |   | 112    |   |   |   | 97     |   |   |   | 1,480 |   |
| Reductions for tax positions of prior years         |   |   | -      |   |   |   | (2,341 | )      |   |   | (699) |   |
| Reductions due to settlements                       |   |   | (152   | )      |   |   | (1,080 | )      |   |   | - |   |
| Reductions for lapse of statute of limitations      |   |   | (166   | )      |   |   | (1,041 | )      |   |   | (183 | ) |
|                                                |   |   |   |   |   |   |   |   |   |   |   |   |
| Unrecognized tax benefit - end of fiscal year       |   | $      | 1,153  |   |   |   | 1,359  |   |   |   | 5,724 |   |

----

Table of Contents

| # of        |   |   | Year-to-Date |              |      | # of        |   |   | Year-to-Date |   |
|-------------|--------|--------|--------------|-------------------|-----------|-------------|--------|--------|--------------|--------|
| Restaurants |   |   | Ended        |              |      | Restaurants |   |   | Ended        |   |
|        | (2009) |   |         | December 27, 2009 |      |        |   | (2008) |         |   | December 28, 2008 |   |
|        |   |   |         |              |      |        |   |   |         |   |   |   |
|        | 40     |   |         | $                 | 1,861,000 |        |   |   | 41           |   |   | $ | 1,926,000 |   |
|        | 27     |   |         |              | 1,420,000 |        |   |   | 27           |   |   |   | 1,452,000 |   |
|        | 21     |   |         |              | 1,427,000 |        |   |   | 21           |   |   |   | 1,500,000 |   |

----

Table of Contents

| # of        |   |   | Year-to-Date |              |    | # of        |   |   | Year-to-Date |   |
|-------------|--------|--------|--------------|-------------------|---------|-------------|--------|--------|--------------|--------|
| Restaurants |   |   | Ended        |              |    | Restaurants |   |   | Ended        |   |
|        | (2009) |   |         | December 27, 2009 |    |        |   | (2008) |         |   | December 28, 2008 |   |
|        |   |   |         |              |    |        |   |   |         |   |   |   |
|        | 4      |   |         | $                 | 371,000 |        |   |   | 5            |   |   | $ | 542,000 |   |
|        | 4      |   |         |              | 389,000 |        |   |   | 4            |   |   |   | 465,000 |   |
|        | 4      |   |         |              | 283,000 |        |   |   | 4            |   |   |   | 312,000 |   |

----

Table of Contents

----

Table of Contents

|                                           |   | Year Ended             |    |   | Year Ended        |   |    |    | Year Ended        |   |
|------------------------------------------------|--------|------------------------|---------|--------|-------------------|--------|---------|---------|-------------------|--------|
|                                           |   | December 27, 2009 |    |   | December 28, 2008 |   |    |    | December 30, 2007 |   |
| Revenues                                       |   |                   |    |   |  Restated    |   |    |    |              |   |
| Restaurant operations                          |   | $                      | 470,346 |   |              |   | 503,242 |    |              |   |   | 510,863 |   |
| Franchise operations                           |   |                   | 22,532  |   |              |   | 24,141  |    |              |   |   | 25,982 |   |
| Foxtail                                        |   |                   | 58,469  |   |              |   | 69,308  |    |              |   |   | 65,953 |   |
| Intersegment revenue                           |   |                   | (21,052 | )      |              |   | (20,088 | )       |              |   |   | (19,826 | ) |
| Other                                          |   |                   | 5,773   |   |              |   | 5,367   |    |              |   |   | 4,914 |   |
| Total                                          |   | $                      | 536,068 |   |              |   | 581,970 |    |              |   |   | 587,886 |   |
|                                           |   |                   |    |   |              |   |    |    |              |   |   |   |   |
| Depreciation and amortization                  |   |                   |    |   |              |   |    |    |              |   |   |   |   |
| Restaurant operations                          |   |                   | 18,546  |   |              |   | 19,563  |    |              |   |   | 18,913 |   |
| Franchise operations                           |   |                   | -       |   |              |   | -       |    |              |   |   | - |   |
| Foxtail                                        |   |                   | 2,103   |   |              |   | 1,792   |    |              |   |   | 1,576 |   |
| Other                                          |   |                   | 3,392   |   |              |   | 3,344   |    |              |   |   | 4,333 |   |
| Total                                          |   | $                      | 24,041  |   |              |   | 24,699  |    |              |   |   | 24,822 |   |
|                                           |   |                   |    |   |              |   |    |    |              |   |   |   |   |
| Segment net income (loss) attributable to PMCI |   |                   |    |   |              |   |    |    |              |   |   |   |   |
| Restaurant operations                          |   |                   | 24,551  |   |              |   | 26,806  |    |              |   |   | 32,459 |   |
| Franchise operations                           |   |                   | 20,665  |   |              |   | (21,396 | )  |  (a)         |   |   | 23,774 |   |
| Foxtail                                        |   |                   | 4,162   |   |              |   | (6,743  | )       |  (a)         |   |   | 3,687 |   |
| Other                                          |   |                   | (85,597 | )      |              |   | (78,862 | )       |              |   |   | (76,255 | ) |
| Total                                          |   | $                      | (36,219 | )      |              |   | (80,195 | )       |  (a)         |   |   | (16,335 | ) |

|                  |   | December 27, 2009 |    |   | December 28, 2008 |   |
|-----------------------|--------|-------------------|---------|--------|-------------------|--------|
| Segment assets        |   |  Restated    |    |   |  Restated    |   |
| Restaurant operations |   | $                 | 132,611 |   |              |   | 144,399 |   |
| Franchise operations  |   |              | 101,672 |   |              |   | 102,719 |   |
| Foxtail               |   |              | 31,754  |   |              |   | 37,575 |   |
| Other                 |   |              | 38,868  |   |              |   | 52,079 |   |
| Total                 |   | $                 | 304,905 |   |              |   | 336,772 |   |
|                  |   |              |    |   |              |   |   |   |
| Goodwill              |   |              |    |   |              |   |   |   |
| Restaurant operations |   |              | 23,100  |   |              |   | 23,100 |   |
| Franchise operations  |   |              | -       |   |              |   | - |   |
| Foxtail               |   |              | -       |   |              |   | - |   |
| Other                 |   |              | -       |   |              |   | - |   |
| Total                 |   | $                 | 23,100  |   |              |   | 23,100 |   |

----

Table of Contents

|                  |   | Year Ended        |   |   | Year Ended        |   |   | Year Ended        |   |
|-----------------------|--------|-------------------|--------|--------|-------------------|--------|--------|-------------------|--------|
|                  |   | December 27, 2009 |   |   | December 28, 2008 |   |   | December 30, 2007 |   |
| Capital Expenditures  |   |              |   |   |              |   |   |              |   |
| Restaurant operations |   | $                 | 7,630  |   |              |   | 12,489 |              |   |   | 29,095 |   |
| Franchise operations  |   |              | -      |   |              |   | -      |              |   |   | - |   |
| Foxtail               |   |              | 727    |   |              |   | 4,710  |              |   |   | 1,476 |   |
| Other                 |   |              | 376    |   |              |   | 1,137  |              |   |   | 976 |   |
| Total                 |   | $                 | 8,733  |   |              |   | 18,336 |              |   |   | 31,547 |   |

|                                                  |   | Year Ended        |   |   | Year Ended        |   |   | Year Ended        |   |
|-------------------------------------------------------|--------|-------------------|--------|--------|-------------------|--------|--------|-------------------|--------|
|                                                  |   | December 27, 2009 |   |   | December 28, 2008 |   |   | December 30, 2007 |   |
| General and administrative expenses                   |   | $                 | 40,641 |   |              |   | 40,162 |              |   |   | 39,393 |   |
| Depreciation and amortization expenses                |   |              | 3,393  |   |              |   | 3,343  |              |   |   | 4,333 |   |
| Interest expense, net                                 |   |              | 44,120 |   |              |   | 36,689 |              |   |   | 31,180 |   |
| Loss on disposition of assets, net                    |   |              | 1,521  |   |              |   | 505    |              |   |   | 226 |   |
| Asset impairments                                     |   |              | 4,476  |   |              |   | 1,292  |              |   |   | 2,237 |   |
| Loss on extinguishment of debt                        |   |              | -      |   |              |   | 2,952  |              |   |   | - |   |
| Transaction costs                                     |   |              | -      |   |              |   | -      |              |   |   | 1,013 |   |
| Provision for (benefit from) income taxes             |   |              | 171    |   |              |   | (1,769 | )                 |   |   | 1,482 |   |
| Net earnings attributable to noncontrolling interests |   |              | 198    |   |              |   | 284    |              |   |   | 707 |   |
| Licensing revenue                                     |   |              | (5,505 | )      |              |   | (5,125 | )                 |   |   | (4,564 | ) |
| Other                                                 |   |              | (3,418 | )      |              |   | 529    |              |   |   | 248 |   |
| Total other segment loss                              |   | $                 | 85,597 |   |              |   | 78,862 |              |   |   | 76,255 |   |

----

Table of Contents

|                                                                   |   |    |    |   |      |   |    |       |   |   |         |   |   |         |   |
|------------------------------------------------------------------------|--------|---------|---------|--------|-----------|--------|---------|------------|--------|--------|--------------|--------|--------|--------------|--------|
|                                                                   |   |    |    |   | Guarantor |   |    | Non-       |   |   |         |   |   | Consolidated |   |
|                                                                   |   | Issuer  |    |   | WRG       |   |    | Guarantors |   |   | Eliminations |   |   | PMCI         |   |
|                                                                   |   |    |    |   |      |   |    |       |   |   |         |   |   |         |   |
| REVENUES:                                                              |   |    |    |   |      |   |    |       |   |   |         |   |   |         |   |
| Food sales                                                             |   | $       | 314,293 |   |      |   | 167,509 |       |   |   | 25,961       |   |   |         | -      |   |   |   | 507,763 |   |
| Franchise and other revenue                                            |   |    | 19,062  |   |      |   | 9,243   |       |   |   | -            |   |   |         | -      |   |   |   | 28,305 |   |
|    Total revenues                                       |   |    | 333,355 |   |      |   | 176,752 |       |   |   | 25,961       |   |   |         | -      |   |   |   | 536,068 |   |
|                                                                   |   |    |    |   |      |   |    |       |   |   |         |   |   |         |   |   |   |   |   |   |
| COSTS AND EXPENSES:                                                    |   |    |    |   |      |   |    |       |   |   |         |   |   |         |   |   |   |   |   |   |
| Cost of sales (excluding depreciation shown below):                    |   |    |    |   |      |   |    |       |   |   |         |   |   |         |   |   |   |   |   |   |
|    Food cost                                            |   |    | 81,590  |   |      |   | 43,517  |       |   |   | 6,658        |   |   |         | -      |   |   |   | 131,765 |   |
|    Labor and benefits                                   |   |    | 106,842 |   |      |   | 61,716  |       |   |   | 9,114        |   |   |         | -      |   |   |   | 177,672 |   |
|    Operating expenses                                   |   |    | 85,118  |   |      |   | 51,002  |       |   |   | 9,510        |   |   |         | -      |   |   |   | 145,630 |   |
| General and administrative                                             |   |    | 39,018  |   |      |   | 7,135   |       |   |   | -            |   |   |         | -      |   |   |   | 46,153 |   |
| Depreciation and amortization                                          |   |    | 17,408  |   |      |   | 6,014   |       |   |   | 619          |   |   |         | -      |   |   |   | 24,041 |   |
| Interest, net                                                          |   |    | 43,395  |   |      |   | 725     |       |   |   | -            |   |   |         | -      |   |   |   | 44,120 |   |
| Asset impairments and closed store expenses                            |   |    | 3,233   |   |      |   | 2,677   |       |   |   | 87           |   |   |         | -      |   |   |   | 5,997 |   |
| Other, net                                                             |   |    | (1,638  | )      |      |   | (1,822  | )          |   |   | -            |   |   |         | -      |   |   |   | (3,460 | ) |
|    Total costs and expenses                             |   |    | 374,966 |   |      |   | 170,964 |       |   |   | 25,988       |   |   |         | -      |   |   |   | 571,918 |   |
| Loss before income taxes                                               |   |    | (41,611 | )      |      |   | 5,788   |       |   |   | (27          | )      |   |         | -      |   |   |   | (35,850 | ) |
| Provision for income taxes                                             |   |    | (171    | )      |      |   | -       |       |   |   | -            |   |   |         | -      |   |   |   | (171 | ) |
| Net (loss) income                                                      |   |    | (41,782 | )      |      |   | 5,788   |       |   |   | (27          | )      |   |         | -      |   |   |   | (36,021 | ) |
| Less: net earnings attributable to noncontrolling interests       |   |    | -       |   |      |   | -       |       |   |   | 198          |   |   |         | -      |   |   |   | 198 |   |
| Equity in (loss) earnings of subsidiaries                              |   |    | 5,761   |   |      |   | -       |       |   |   | -            |   |   |         | (5,761 | ) |   |   | - |   |
| Net (loss) income attributable to Perkins & Marie Callender's Inc. | $      | (36,021 | )       |   |      | 5,788  |    |       |   | (225   | )            |   |   | (5,761       | )      |   |   | (36,219 | ) |

----

Table of Contents

|                                                                   |   |           |    |   |      |   |    |       |   |   |         |   |   |           |   |
|------------------------------------------------------------------------|--------|----------------|---------|--------|-----------|--------|---------|------------|--------|--------|--------------|--------|--------|----------------|--------|
|                                                                   |   |           |    |   | Guarantor |   |    | Non-       |   |   |         |   |   | Consolidated   |   |
|                                                                   |   | Issuer         |    |   | WRG       |   |    | Guarantors |   |   | Eliminations |   |   | PMCI           |   |
|                                                                   |   |  Restated |    |   |      |   |    |       |   |   |         |   |   |  Restated |   |
| REVENUES:                                                              |   |           |    |   |      |   |    |       |   |   |         |   |   |           |   |
| Food sales                                                             |   | $              | 344,869 |   |      |   | 179,792 |       |   |   | 27,801       |   |   |           | -      |   |   |   | 552,462 |   |
| Franchise and other revenue                                            |   |           | 19,993  |   |      |   | 9,515   |       |   |   | -            |   |   |           | -      |   |   |   | 29,508 |   |
|    Total revenues                                       |   |           | 364,862 |   |      |   | 189,307 |       |   |   | 27,801       |   |   |           | -      |   |   |   | 581,970 |   |
|                                                                   |   |           |    |   |      |   |    |       |   |   |         |   |   |           |   |   |   |   |   |   |
| COSTS AND EXPENSES:                                                    |   |           |    |   |      |   |    |       |   |   |         |   |   |           |   |   |   |   |   |   |
| Cost of sales (excluding depreciation shown below):                    |   |           |    |   |      |   |    |       |   |   |         |   |   |           |   |   |   |   |   |   |
|    Food cost                                            |   |           | 100,841 |   |      |   | 51,175  |       |   |   | 9,087        |   |   |           | -      |   |   |   | 161,103 |   |
|    Labor and benefits                                   |   |           | 115,931 |   |      |   | 63,163  |       |   |   | 9,337        |   |   |           | -      |   |   |   | 188,431 |   |
|    Operating expenses                                   |   |           | 90,388  |   |      |   | 53,683  |       |   |   | 8,189        |   |   |           | -      |   |   |   | 152,260 |   |
| General and administrative                                             |   |           | 42,590  |   |      |   | 5,239   |       |   |   | -            |   |   |           | -      |   |   |   | 47,829 |   |
| Depreciation and amortization                                          |   |           | 17,794  |   |      |   | 6,183   |       |   |   | 722          |   |   |           | -      |   |   |   | 24,699 |   |
| Interest, net                                                          |   |           | 35,604  |   |      |   | 1,085   |       |   |   | -            |   |   |           | -      |   |   |   | 36,689 |   |
| Asset impairments and closed store expenses                            |   |           | 221     |   |      |   | 1,523   |       |   |   | 53           |   |   |           | -      |   |   |   | 1,797 |   |
| Goodwill impairment                                                    |   |           | 47,444  |   |      |   | -       |       |   |   | -            |   |   |           | -      |   |   |   | 47,444 |   |
| Loss on extinguishment of debt                                         |   |           | 2,952   |   |      |   | -       |       |   |   | -            |   |   |           | -      |   |   |   | 2,952 |   |
| Other, net                                                             |   |           | 446     |   |      |   | -       |       |   |   | -            |   |   |           | -      |   |   |   | 446 |   |
|    Total costs and expenses                             |   |           | 454,211 |   |      |   | 182,051 |       |   |   | 27,388       |   |   |           | -      |   |   |   | 663,650 |   |
| Income (loss) before income taxes                                      |   |           | (89,349 | )      |      |   | 7,256   |       |   |   | 413          |   |   |           | -      |   |   |   | (81,680 | ) |
| Benefit from income taxes                                              |   |           | 1,769   |   |      |   | -       |       |   |   | -            |   |   |           | -      |   |   |   | 1,769 |   |
| Net (loss) income                                                      |   |           | (87,580 | )      |      |   | 7,256   |       |   |   | 413          |   |   |           | -      |   |   |   | (79,911 | ) |
| Less: net earnings attributable to noncontrolling interests            |   |           | -       |   |      |   | -       |       |   |   | 284          |   |   |           | -      |   |   |   | 284 |   |
| Equity in (loss) earnings of subsidiaries                              |   |           | 7,669   |   |      |   | -       |       |   |   | -            |   |   |           | (7,669 | ) |   |   | - |   |
| Net (loss) income attributable to Perkins & Marie Callender's Inc. | $      | (79,911        | )       |   |      | 7,256  |    |       |   | 129    |         |   |   | (7,669         | )      |   |   | (80,195 | ) |

----

Table of Contents

|                                                                   |   |    |    |   |      |   |    |       |   |   |         |   |   |         |    |
|------------------------------------------------------------------------|--------|---------|---------|--------|-----------|--------|---------|------------|--------|--------|--------------|--------|--------|--------------|---------|
|                                                                   |   |    |    |   | Guarantor |   |    | Non-       |   |   |         |   |   | Consolidated |    |
|                                                                   |   | Issuer  |    |   | WRG       |   |    | Guarantors |   |   | Eliminations |   |   | PMCI         |    |
|                                                                   |   |    |    |   |      |   |    |       |   |   |         |   |   |         |    |
| REVENUES:                                                              |   |    |    |   |      |   |    |       |   |   |         |   |   |         |    |
| Food sales                                                             |   | $       | 336,820 |   |      |   | 189,614 |       |   |   | 30,556       |   |   |         | -       |   |   |   | 556,990 |   |
| Franchise and other revenue                                            |   |    | 21,323  |   |      |   | 9,573   |       |   |   | -            |   |   |         | -       |   |   |   | 30,896 |   |
|    Total revenues                                       |   |    | 358,143 |   |      |   | 199,187 |       |   |   | 30,556       |   |   |         | -       |   |   |   | 587,886 |   |
|                                                                   |   |    |    |   |      |   |    |       |   |   |         |   |   |         |    |   |   |   |   |   |
| COSTS AND EXPENSES:                                                    |   |    |    |   |      |   |    |       |   |   |         |   |   |         |    |   |   |   |   |   |
| Cost of sales (excluding depreciation shown below):                    |   |    |    |   |      |   |    |       |   |   |         |   |   |         |    |   |   |   |   |   |
|    Food cost                                            |   |    | 94,986  |   |      |   | 55,260  |       |   |   | 8,462        |   |   |         | -       |   |   |   | 158,708 |   |
|    Labor and benefits                                   |   |    | 114,846 |   |      |   | 64,562  |       |   |   | 9,899        |   |   |         | -       |   |   |   | 189,307 |   |
|    Operating expenses                                   |   |    | 86,731  |   |      |   | 52,659  |       |   |   | 10,047       |   |   |         | -       |   |   |   | 149,437 |   |
| General and administrative                                             |   |    | 39,152  |   |      |   | 5,722   |       |   |   | -            |   |   |         | -       |   |   |   | 44,874 |   |
| Transaction costs                                                      |   |    | 772     |   |      |   | 241     |       |   |   |         |   |   |         | -       |   |   |   | 1,013 |   |
| Depreciation and amortization                                          |   |    | 17,610  |   |      |   | 5,939   |       |   |   | 1,273        |   |   |         | -       |   |   |   | 24,822 |   |
| Interest, net                                                          |   |    | 30,127  |   |      |   | 1,053   |       |   |   | -            |   |   |         | -       |   |   |   | 31,180 |   |
| Asset impairments and closed store expenses                            |   |    | (178    | )      |      |   | 2,612   |       |   |   | 29           |   |   |         | -       |   |   |   | 2,463 |   |
| Other, net                                                             |   |    | (122    | )      |      |   | 350     |       |   |   | -            |   |   |         | -       |   |   |   | 228 |   |
|    Total costs and expenses                             |   |    | 383,924 |   |      |   | 188,398 |       |   |   | 29,710       |   |   |         | -       |   |   |   | 602,032 |   |
| Income (loss) before income taxes                                      |   |    | (25,781 | )      |      |   | 10,789  |       |   |   | 846          |   |   |         | -       |   |   |   | (14,146 | ) |
| Provision for income taxes                                             |   |    | (1,482  | )      |      |   | -       |       |   |   | -            |   |   |         | -       |   |   |   | (1,482 | ) |
| Net (loss) income                                                      |   |    | (27,263 | )      |      |   | 10,789  |       |   |   | 846          |   |   |         | -       |   |   |   | (15,628 | ) |
| Less: net earnings attributable to noncontrolling interests            |   |    | -       |   |      |   | -       |       |   |   | 707          |   |   |         | -       |   |   |   | 707 |   |
| Equity in (loss) earnings of subsidiaries                              |   |    | 11,635  |   |      |   | -       |       |   |   | -            |   |   |         | (11,635 | ) |   |   | - |   |
| Net (loss) income attributable to Perkins & Marie Callender's Inc. | $      | (15,628 | )       |   |      | 10,789 |    |       |   | 139    |         |   |   | (11,635      | )       |   |   | (16,335 | ) |

----

Table of Contents

|                                                                                |   |           |         |   |      |   |     |       |   |   |         |   |   |           |    |
|-------------------------------------------------------------------------------------|--------|----------------|--------------|--------|-----------|--------|----------|------------|--------|--------|--------------|--------|--------|----------------|---------|
|                                                                                |   |           |         |   |      |   |     |       |   |   |         |   |   |           |    |
|                                                                                |   |           |         |   | Guarantor |   |     | Non-       |   |   |         |   |   | Consolidated   |    |
|                                                                                |   | Issuer         |         |   | WRG       |   |     | Guarantors |   |   | Eliminations |   |   | PMCI           |    |
| ASSETS                                                                              |   |  Restated |         |   |      |   |     |       |   |   |         |   |   |  Restated |    |
| CURRENT ASSETS:                                                                     |   |           |         |   |      |   |     |       |   |   |         |   |   |           |    |
| Cash and cash equivalents                                                           |   | $              | 2,013        |   |      |   | 1,293    |       |   |   | 982          |   |   |           | -       |   |   |   | 4,288 |   |
| Restricted cash                                                                     |   |           | 8,110        |   |      |   | -        |       |   |   | -            |   |   |           | -       |   |   |   | 8,110 |   |
| Receivables, less allowances for   doubtful accounts                 |   |           | 11,070       |   |      |   | 7,048    |       |   |   | 7            |   |   |           | -       |   |   |   | 18,125 |   |
| Inventories                                                                         |   |           | 8,038        |   |      |   | 2,793    |       |   |   | 231          |   |   |           | -       |   |   |   | 11,062 |   |
| Prepaid expenses and other current assets                                           |   |           | 1,613        |   |      |   | 248      |       |   |   | 3            |   |   |           | -       |   |   |   | 1,864 |   |
|      Total current assets                                  |   |           | 30,844       |   |      |   | 11,382   |       |   |   | 1,223        |   |   |           | -       |   |   |   | 43,449 |   |
|                                                                                |   |           |         |   |      |   |     |       |   |   |         |   |   |           |    |   |   |   |   |   |
| PROPERTY AND EQUIPMENT, net                                                         |   |           | 52,217       |   |      |   | 20,530   |       |   |   | 2,472        |   |   |           | -       |   |   |   | 75,219 |   |
| INVESTMENT IN   UNCONSOLIDATED PARTNERSHIP                           |   |           | -            |   |      |   | 41       |       |   |   | 9            |   |   |           | -       |   |   |   | 50 |   |
| GOODWILL                                                                            |   |           | 23,100       |   |      |   | -        |       |   |   | -            |   |   |           | -       |   |   |   | 23,100 |   |
| INTANGIBLE ASSETS                                                                   |   |           | 146,889      |   |      |   | 124      |       |   |   | -            |   |   |           | -       |   |   |   | 147,013 |   |
| INVESTMENTS IN SUBSIDIARIES                                                         |   |           | (78,981      | )      |      |   | -        |       |   |   | -            |   |   |           | 78,981  |   |   |   | - |   |
| DUE FROM SUBSIDIARIES                                                               |   |           | 81,493       |   |      |   | -        |       |   |   | -            |   |   |           | (81,493 | ) |   |   | - |   |
| OTHER ASSETS                                                                        |   |           | 14,321       |   |      |   | 1,543    |       |   |   | 210          |   |   |           | -       |   |   |   | 16,074 |   |
| TOTAL ASSETS                                                                        |   | $              | 269,883      |   |      |   | 33,620   |       |   |   | 3,914        |   |   |           | (2,512  | ) |   |   | 304,905 |   |
|                                                                                |   |           |         |   |      |   |     |       |   |   |         |   |   |           |    |   |   |   |   |   |
| LIABILITIES AND EQUITY (DEFICIT)                                                    |   |           |         |   |      |   |     |       |   |   |         |   |   |           |    |   |   |   |   |   |
| CURRENT LIABILITIES:                                                                |   |           |         |   |      |   |     |       |   |   |         |   |   |           |    |   |   |   |   |   |
| Accounts payable                                                                    |   | $              | 7,946        |   |      |   | 6,074    |       |   |   | 637          |   |   |           | -       |   |   |   | 14,657 |   |
| Accrued expenses                                                                    |   |           | 30,628       |   |      |   | 9,635    |       |   |   | 1,342        |   |   |           | -       |   |   |   | 41,605 |   |
| Franchise advertising contributions                                                 |   |           | 4,327        |   |      |   | -        |       |   |   | -            |   |   |           | -       |   |   |   | 4,327 |   |
| Current maturities of long-term debt and   capital lease obligations |   |           | 186          |   |      |   | 317      |       |   |   | -            |   |   |           | -       |   |   |   | 503 |   |
|      Total current liabilities                             |   |           | 43,087       |   |      |   | 16,026   |       |   |   | 1,979        |   |   |           | -       |   |   |   | 61,092 |   |
|                                                                                |   |           |         |   |      |   |     |       |   |   |         |   |   |           |    |   |   |   |   |   |
| LONG-TERM DEBT, less current   maturities                            |   |           | 326,042      |   |      |   | -        |       |   |   | -            |   |   |           | -       |   |   |   | 326,042 |   |
| CAPITAL LEASE OBLIGATIONS, less   current maturities                 |   |           | 8,085        |   |      |   | 2,969    |       |   |   | -            |   |   |           | -       |   |   |   | 11,054 |   |
| DEFERRED RENT                                                                       |   |           | 12,263       |   |      |   | 4,765    |       |   |   | 64           |   |   |           | -       |   |   |   | 17,092 |   |
| OTHER LIABILITIES                                                                   |   |           | 13,366       |   |      |   | 8,911    |       |   |   | -            |   |   |           | -       |   |   |   | 22,277 |   |
| DEFERRED INCOME TAXES                                                               |   |           |  45,457 |   |      |   |  -  |       |   |   |  -      |   |   |           |  - |   |   |   |  45,457 |   |
| DUE TO PARENT                                                                       |   |           | -            |   |      |   | 80,421   |       |   |   | 1,072        |   |   |           | (81,493 | ) |   |   | - |   |
|                                                                                |   |           |         |   |      |   |     |       |   |   |         |   |   |           |    |   |   |   |   |   |
| EQUITY (DEFICIT):                                                                   |   |           |         |   |      |   |     |       |   |   |         |   |   |           |    |   |   |   |   |   |
| Common stock                                                                        |   |           | 1            |   |      |   | -        |       |   |   | -            |   |   |           | -       |   |   |   | 1 |   |
| Preferred stock                                                                     |   |           | -            |   |      |   | 64,296   |       |   |   | -            |   |   |           | (64,296 | ) |   |   | - |   |
| Capital in excess of par                                                            |   |           | -            |   |      |   | 9,338    |       |   |   | -            |   |   |           | (9,338  | ) |   |   | - |   |
| Additional paid-in capital                                                          |   |           | 150,870      |   |      |   | -        |       |   |   | -            |   |   |           | -       |   |   |   | 150,870 |   |
| Treasury stock                                                                      |   |           | -            |   |      |   | (137     | )          |   |   | -            |   |   |           | 137     |   |   |   | - |   |
| Accumulated other comprehensive income                                              |   |           | 45           |   |      |   | -        |       |   |   | -            |   |   |           | -       |   |   |   | 45 |   |
| Accumulated (deficit) earnings                                                      |   |           | (329,333     | )      |      |   | (152,969 | )          |   |   | 491          |   |   |           | 152,478 |   |   |   | (329,333 | ) |
|   Total PMCI stockholder's (deficit) investment                           |   |           | (178,417     | )      |      |   | (79,472  | )          |   |   | 491          |   |   |           | 78,981  |   |   |   | (178,417 | ) |
| Noncontrolling interests                                                            |   |           | -            |   |      |   | -        |       |   |   | 308          |   |   |           | -       |   |   |   | 308 |   |
|   Total equity (deficit)                                                  |   |           | (178,417     | )      |      |   | (79,472  | )          |   |   | 799          |   |   |           | 78,981  |   |   |   | (178,109 | ) |
| TOTAL LIABILITIES AND EQUITY (DEFICIT)                                              |   | $              | 269,883      |   |      |   | 33,620   |       |   |   | 3,914        |   |   |           | (2,512  | ) |   |   | 304,905 |   |

----

Table of Contents

|                                                                                |   |           |         |   |      |   |     |       |   |   |         |   |   |                 |    |
|-------------------------------------------------------------------------------------|--------|----------------|--------------|--------|-----------|--------|----------|------------|--------|--------|--------------|--------|--------|----------------------|---------|
|                                                                                |   |           |         |   |      |   |     |       |   |   |         |   |   |                 |    |
|                                                                                |   |           |         |   | Guarantor |   |     | Non-       |   |   |         |   |   | Consolidated         |    |
|                                                                                |   | Issuer         |         |   | WRG       |   |     | Guarantors |   |   | Eliminations |   |   | PMCI                 |    |
| ASSETS                                                                              |   |  Restated |         |   |      |   |     |       |   |   |         |   |   |   Restated |    |
| CURRENT ASSETS:                                                                     |   |           |         |   |      |   |     |       |   |   |         |   |   |                 |    |
| Cash and cash equivalents                                                           |   | $              | 2,155        |   |      |   | 1,662    |       |   |   | 796          |   |   |                 | -       |   |   |   | 4,613 |   |
| Restricted cash                                                                     |   |           | 10,140       |   |      |   | -        |       |   |   | -            |   |   |                 | -       |   |   |   | 10,140 |   |
| Receivables, less allowances for   doubtful accounts                 |   |           | 14,392       |   |      |   | 6,955    |       |   |   | 39           |   |   |                 | -       |   |   |   | 21,386 |   |
| Inventories                                                                         |   |           | 8,145        |   |      |   | 3,893    |       |   |   | 262          |   |   |                 | -       |   |   |   | 12,300 |   |
| Prepaid expenses and other current assets                                           |   |           | 2,721        |   |      |   | 269      |       |   |   | 6            |   |   |                 | -       |   |   |   | 2,996 |   |
|      Total current assets                                  |   |           | 37,553       |   |      |   | 12,779   |       |   |   | 1,103        |   |   |                 | -       |   |   |   | 51,435 |   |
|                                                                                |   |           |         |   |      |   |     |       |   |   |         |   |   |                 |    |   |   |   |   |   |
| PROPERTY AND EQUIPMENT, net                                                         |   |           | 65,020       |   |      |   | 26,357   |       |   |   | 2,123        |   |   |                 | -       |   |   |   | 93,500 |   |
| INVESTMENT IN   UNCONSOLIDATED PARTNERSHIP                           |   |           | -            |   |      |   | 39       |       |   |   | 9            |   |   |                 | -       |   |   |   | 48 |   |
| GOODWILL                                                                            |   |           | 23,100       |   |      |   | -        |       |   |   | -            |   |   |                 | -       |   |   |   | 23,100 |   |
| INTANGIBLE ASSETS                                                                   |   |           | 150,676      |   |      |   | 171      |       |   |   | -            |   |   |                 | -       |   |   |   | 150,847 |   |
| INVESTMENTS IN SUBSIDIARIES                                                         |   |           | (85,354      | )      |      |   | -        |       |   |   | -            |   |   |                 | 85,354  |   |   |   | - |   |
| DUE FROM SUBSIDIARIES                                                               |   |           | 88,948       |   |      |   | -        |       |   |   | -            |   |   |                 | (88,948 | ) |   |   | - |   |
| OTHER ASSETS                                                                        |   |           | 16,195       |   |      |   | 1,437    |       |   |   | 210          |   |   |                 | -       |   |   |   | 17,842 |   |
| TOTAL ASSETS                                                                        |   | $              | 296,138      |   |      |   | 40,783   |       |   |   | 3,445        |   |   |                 | (3,594  | ) |   |   | 336,772 |   |
|                                                                                |   |           |         |   |      |   |     |       |   |   |         |   |   |                 |    |   |   |   |   |   |
| LIABILITIES AND EQUITY (DEFICIT)                                                    |   |           |         |   |      |   |     |       |   |   |         |   |   |                 |    |   |   |   |   |   |
| CURRENT LIABILITIES:                                                                |   |           |         |   |      |   |     |       |   |   |         |   |   |                 |    |   |   |   |   |   |
| Accounts payable                                                                    |   | $              | 11,090       |   |      |   | 6,731    |       |   |   | 474          |   |   |                 | -       |   |   |   | 18,295 |   |
| Accrued expenses                                                                    |   |           | 33,575       |   |      |   | 12,123   |       |   |   | 1,342        |   |   |                 | -       |   |   |   | 47,040 |   |
| Franchise advertising contributions                                                 |   |           | 5,316        |   |      |   | -        |       |   |   | -            |   |   |                 | -       |   |   |   | 5,316 |   |
| Current maturities of long-term debt and   capital lease obligations |   |           | 169          |   |      |   | 213      |       |   |   | -            |   |   |                 | -       |   |   |   | 382 |   |
|      Total current liabilities                             |   |           | 50,150       |   |      |   | 19,067   |       |   |   | 1,816        |   |   |                 | -       |   |   |   | 71,033 |   |
|                                                                                |   |           |         |   |      |   |     |       |   |   |         |   |   |                 |    |   |   |   |   |   |
| LONG-TERM DEBT, less current   maturities                            |   |           | 316,516      |   |      |   | 18       |       |   |   | -            |   |   |                 | -       |   |   |   | 316,534 |   |
| CAPITAL LEASE OBLIGATIONS, less   current maturities                 |   |           | 8,270        |   |      |   | 5,445    |       |   |   | -            |   |   |                 | -       |   |   |   | 13,715 |   |
| DEFERRED RENT                                                                       |   |           | 10,180       |   |      |   | 5,089    |       |   |   | 74           |   |   |                 | -       |   |   |   | 15,343 |   |
| OTHER LIABILITIES                                                                   |   |           | 8,831        |   |      |   | 8,910    |       |   |   | -            |   |   |                 | -       |   |   |   | 17,741 |   |
| DEFERRED INCOME TAXES                                                               |   |           |  45,457 |   |      |   | -        |       |   |   | -            |   |   |                 |  - |   |   |   |  45,457 |   |
| DUE TO PARENT                                                                       |   |           | -            |   |      |   | 88,324   |       |   |   | 624          |   |   |                 | (88,948 | ) |   |   | - |   |
|                                                                                |   |           |         |   |      |   |     |       |   |   |         |   |   |                 |    |   |   |   |   |   |
| EQUITY (DEFICIT):                                                                   |   |           |         |   |      |   |     |       |   |   |         |   |   |                 |    |   |   |   |   |   |
| Common stock                                                                        |   |           | 1            |   |      |   | -        |       |   |   | -            |   |   |                 | -       |   |   |   | 1 |   |
| Preferred stock                                                                     |   |           | -            |   |      |   | 63,277   |       |   |   | -            |   |   |                 | (63,277 | ) |   |   | - |   |
| Capital in excess of par                                                            |   |           | -            |   |      |   | 9,338    |       |   |   | -            |   |   |                 | (9,338  | ) |   |   | - |   |
| Additional paid-in capital                                                          |   |           | 149,851      |   |      |   | -        |       |   |   | -            |   |   |                 | -       |   |   |   | 149,851 |   |
| Treasury stock                                                                      |   |           | -            |   |      |   | (137     | )          |   |   | -            |   |   |                 | 137     |   |   |   | - |   |
| Accumulated other comprehensive income                                              |   |           | (4           | )      |      |   | -        |       |   |   | -            |   |   |                 | -       |   |   |   | (4 | ) |
| Accumulated (deficit) earnings                                                      |   |           | (293,114     | )      |      |   | (158,548 | )          |   |   | 716          |   |   |                 | 157,832 |   |   |   | (293,114 | ) |
|   Total PMCI stockholder's (deficit) investment                           |   |           | (143,266     | )      |      |   | (86,070  | )          |   |   | 716          |   |   |                 | 85,354  |   |   |   | (143,266 | ) |
| Noncontrolling interests                                                            |   |           | -            |   |      |   | -        |       |   |   | 215          |   |   |                 | -       |   |   |   | 215 |   |
|   Total equity (deficit)                                                  |   |           | (143,266     | )      |      |   | (86,070  | )          |   |   | 931          |   |   |                 | 85,354  |   |   |   | (143,051 | ) |
| TOTAL LIABILITIES AND EQUITY (DEFICIT)                                              |   | $              | 296,138      |   |      |   | 40,783   |       |   |   | 3,445        |   |   |                 | (3,594  | ) |   |   | 336,772 |   |

----

Table of Contents

|                                                   |   |   |    |   |      |   |   |       |   |   |         |   |   |         |   |
|--------------------------------------------------------|--------|--------|---------|--------|-----------|--------|--------|------------|--------|--------|--------------|--------|--------|--------------|--------|
|                                                   |   |   |    |   | Guarantor |   |   | Non-       |   |   |         |   |   | Consolidated |   |
|                                                   |   | Issuer |    |   | WRG       |   |   | Guarantors |   |   | Eliminations |   |   | PMCI         |   |
|                                                   |   |   |    |   |      |   |   |       |   |   |         |   |   |         |   |
| CASH FLOWS FROM OPERATING ACTIVITIES:                  |   |   |    |   |      |   |   |       |   |   |         |   |   |         |   |
| Net (loss) income                                      |   | $      | (36,021 | )      |      |   | 5,788  |       |   |   | (27          | )      |   |         | (5,761 | ) |   |   | (36,021 | ) |
| Adjustments to reconcile net (loss) income to net cash |   |   |    |   |      |   |   |       |   |   |         |   |   |         |   |   |   |   |   |   |
| provided by (used in) operating activities:            |   |   |    |   |      |   |   |       |   |   |         |   |   |         |   |   |   |   |   |   |
| Equity in (loss) earnings of subsidiaries              |   |   | (5,761  | )      |      |   | -      |       |   |   | -            |   |   |         | 5,761  |   |   |   | - |   |
| Depreciation and amortization                          |   |   | 17,408  |   |      |   | 6,014  |       |   |   | 619          |   |   |         | -      |   |   |   | 24,041 |   |
| Asset impairments                                      |   |   | 2,519   |   |      |   | 1,870  |       |   |   | 87           |   |   |         | -      |   |   |   | 4,476 |   |
| Amortization of debt discount                          |   |   | 1,540   |   |      |   | -      |       |   |   | -            |   |   |         | -      |   |   |   | 1,540 |   |
| Other non-cash income and expense items                |   |   | (1,045  | )      |      |   | (1,430 | )          |   |   | -            |   |   |         | -      |   |   |   | (2,475 | ) |
| Loss on disposition of assets                          |   |   | 714     |   |      |   | 807    |       |   |   | -            |   |   |         | -      |   |   |   | 1,521 |   |
| Equity in net income of unconsolidated partnership     |   |   | -       |   |      |   | (2     | )          |   |   | -            |   |   |         | -      |   |   |   | (2 | ) |
| Net changes in operating assets and liabilities        |   |   | 9,430   |   |      |   | (2,108 | )          |   |   | 219          |   |   |         | -      |   |   |   | 7,541 |   |
| Total adjustments                                      |   |   | 24,805  |   |      |   | 5,151  |       |   |   | 925          |   |   |         | 5,761  |   |   |   | 36,642 |   |
| Net cash (used in) provided by operating activities    |   |   | (11,216 | )      |      |   | 10,939 |       |   |   | 898          |   |   |         | -      |   |   |   | 621 |   |
|                                                   |   |   |    |   |      |   |   |       |   |   |         |   |   |         |   |   |   |   |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES:                  |   |   |    |   |      |   |   |       |   |   |         |   |   |         |   |   |   |   |   |   |
| Purchases of property and equipment                    |   |   | (4,544  | )      |      |   | (3,134 | )          |   |   | (1,055       | )      |   |         | -      |   |   |   | (8,733 | ) |
| Proceeds from sale of assets                           |   |   | 487     |   |      |   | 7      |       |   |   | -            |   |   |         | -      |   |   |   | 494 |   |
| Net cash used in investing activities                  |   |   | (4,057  | )      |      |   | (3,127 | )          |   |   | (1,055       | )      |   |         | -      |   |   |   | (8,239 | ) |
|                                                   |   |   |    |   |      |   |   |       |   |   |         |   |   |         |   |   |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES:                  |   |   |    |   |      |   |   |       |   |   |         |   |   |         |   |   |   |   |   |   |
| Proceeds from revolving credit facilities              |   |   | 31,778  |   |      |   | -      |       |   |   | -            |   |   |         | -      |   |   |   | 31,778 |   |
| Repayment of revolving credit facilities               |   |   | (23,791 | )      |      |   | -      |       |   |   | -            |   |   |         | -      |   |   |   | (23,791 | ) |
| Repayment of capital lease obligations                 |   |   | (169    | )      |      |   | (260   | )          |   |   | -            |   |   |         | -      |   |   |   | (429 | ) |
| Repayment of other debt                                |   |   | -       |   |      |   | (18    | )          |   |   | -            |   |   |         | -      |   |   |   | (18 | ) |
| Debt financing costs                                   |   |   | (142    | )      |      |   | -      |       |   |   | -            |   |   |         | -      |   |   |   | (142 | ) |
| Distributions to noncontrolling interest holders       |   |   | -       |   |      |   | -      |       |   |   | (105         | )      |   |         | -      |   |   |   | (105 | ) |
| Intercompany financing                                 |   |   | 7,455   |   |      |   | (7,903 | )          |   |   | 448          |   |   |         | -      |   |   |   | - |   |
| Net cash provided by (used in) financing activities    |   |   | 15,131  |   |      |   | (8,181 | )          |   |   | 343          |   |   |         | -      |   |   |   | 7,293 |   |
| NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS   |   | (142   | )       |   |      | (369   | )      |       |   | 186    |         |   |   | -            |   |   |   | (325 | ) |
|                                                   |   |   |    |   |      |   |   |       |   |   |         |   |   |         |   |   |   |   |   |   |
| CASH AND CASH EQUIVALENTS:                             |   |   |    |   |      |   |   |       |   |   |         |   |   |         |   |   |   |   |   |   |
| Balance, beginning of period                           |   |   | 2,155   |   |      |   | 1,662  |       |   |   | 796          |   |   |         | -      |   |   |   | 4,613 |   |
| Balance, end of period                                 |   | $      | 2,013   |   |      |   | 1,293  |       |   |   | 982          |   |   |         | -      |   |   |   | 4,288 |   |

----

Table of Contents

|                                                           |   |           |     |   |      |   |   |       |   |   |         |   |   |                 |   |
|----------------------------------------------------------------|--------|----------------|----------|--------|-----------|--------|--------|------------|--------|--------|--------------|--------|--------|----------------------|--------|
|                                                           |   |           |     |   | Guarantor |   |   | Non-       |   |   |         |   |   | Consolidated         |   |
|                                                           |   | Issuer         |     |   | WRG       |   |   | Guarantors |   |   | Eliminations |   |   | PMCI                 |   |
|                                                           |   |  Restated |     |   |      |   |   |       |   |   |         |   |   |   Restated |   |
| CASH FLOWS FROM OPERATING ACTIVITIES:                          |   |           |     |   |      |   |   |       |   |   |         |   |   |                 |   |
| Net (loss) income                                              |   | $              | (79,911  | )      |      |   | 7,256  |       |   |   | 413          |   |   |                 | (7,669 | ) |   |   | (79,911 | ) |
| Adjustments to reconcile net (loss) income to net cash         |   |           |     |   |      |   |   |       |   |   |         |   |   |                 |   |   |   |   |   |   |
| provided by (used in) operating activities:                    |   |           |     |   |      |   |   |       |   |   |         |   |   |                 |   |   |   |   |   |   |
| Equity in (loss) earnings of subsidiaries                      |   |           | (7,669   | )      |      |   | -      |       |   |   | -            |   |   |                 | 7,669  |   |   |   | - |   |
| Depreciation and amortization                                  |   |           | 17,795   |   |      |   | 6,182  |       |   |   | 722          |   |   |                 | -      |   |   |   | 24,699 |   |
| Asset impairments                                              |   |           | 662      |   |      |   | 577    |       |   |   | 53           |   |   |                 | -      |   |   |   | 1,292 |   |
| Amortization of debt discount                                  |   |           | 647      |   |      |   | -      |       |   |   | -            |   |   |                 | -      |   |   |   | 647 |   |
| Other non-cash income and expense items                        |   |           | (116     | )      |      |   | 104    |       |   |   | -            |   |   |                 | -      |   |   |   | (12 | ) |
| (Gain) loss on disposition of assets                           |   |           | (441     | )      |      |   | 946    |       |   |   | -            |   |   |                 | -      |   |   |   | 505 |   |
| Goodwill impairment                                            |   |           | 47,444   |   |      |   | -      |       |   |   | -            |   |   |                 | -      |   |   |   | 47,444 |   |
| Loss on extinguishment of debt                                 |   |           | 2,952    |   |      |   | -      |       |   |   | -            |   |   |                 | -      |   |   |   | 2,952 |   |
| Equity in net loss of unconsolidated partnership               |   |           | -        |   |      |   | 5      |       |   |   | -            |   |   |                 | -      |   |   |   | 5 |   |
| Net changes in operating assets and liabilities                |   |           | 1,767    |   |      |   | (8,435 | )          |   |   | (442         | )      |   |                 | -      |   |   |   | (7,110 | ) |
| Total adjustments                                              |   |           | 63,041   |   |      |   | (621   | )          |   |   | 333          |   |   |                 | 7,669  |   |   |   | 70,422 |   |
| Net cash (used in) provided by operating activities            |   |           | (16,870  | )      |      |   | 6,635  |       |   |   | 746          |   |   |                 | -      |   |   |   | (9,489 | ) |
|                                                           |   |           |     |   |      |   |   |       |   |   |         |   |   |                 |   |   |   |   |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES:                          |   |           |     |   |      |   |   |       |   |   |         |   |   |                 |   |   |   |   |   |   |
| Purchases of property and equipment                            |   |           | (14,697  | )      |      |   | (3,341 | )          |   |   | (298         | )      |   |                 | -      |   |   |   | (18,336 | ) |
| Proceeds from sale of assets                                   |   |           | 592      |   |      |   | 95     |       |   |   | -            |   |   |                 | -      |   |   |   | 687 |   |
| Net cash used in investing activities                          |   |           | (14,105  | )      |      |   | (3,246 | )          |   |   | (298         | )      |   |                 | -      |   |   |   | (17,649 | ) |
|                                                           |   |           |     |   |      |   |   |       |   |   |         |   |   |                 |   |   |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES:                          |   |           |     |   |      |   |   |       |   |   |         |   |   |                 |   |   |   |   |   |   |
| Proceeds from revolving credit facilities                      |   |           | 84,848   |   |      |   | -      |       |   |   | -            |   |   |                 | -      |   |   |   | 84,848 |   |
| Repayment of revolving credit facilities                       |   |           | (101,664 | )      |      |   | -      |       |   |   | -            |   |   |                 | -      |   |   |   | (101,664 | ) |
| Proceeds from Secured Notes, net of $7,537 discount            |   |           | 124,463  |   |      |   | -      |       |   |   | -            |   |   |                 | -      |   |   |   | 124,463 |   |
| Repayment of Term Loan                                         |   |           | (98,750  | )      |      |   | -      |       |   |   | -            |   |   |                 | -      |   |   |   | (98,750 | ) |
| Repayment of capital lease obligations                         |   |           | (148     | )      |      |   | (265   | )          |   |   | -            |   |   |                 | -      |   |   |   | (413 | ) |
| Repayment of other debt                                        |   |           | -        |   |      |   | (18    | )          |   |   | -            |   |   |                 | -      |   |   |   | (18 | ) |
| Debt financing costs                                           |   |           | (9,559   | )      |      |   | -      |       |   |   | -            |   |   |                 | -      |   |   |   | (9,559 | ) |
| Lessor financing of new restaurants                            |   |           | 2,286    |   |      |   | -      |       |   |   | -            |   |   |                 | -      |   |   |   | 2,286 |   |
| Distributions to noncontrolling interest holders               |   |           | -        |   |      |   | -      |       |   |   | (402         | )      |   |                 | -      |   |   |   | (402 | ) |
| Intercompany financing                                         |   |           | 335      |   |      |   | (1,872 | )          |   |   | 1,537        |   |   |                 | -      |   |   |   | - |   |
| Capital contributions                                          |   |           | 12,500   |   |      |   | -      |       |   |   | -            |   |   |                 | -      |   |   |   | 12,500 |   |
| Repurchase of equity ownership units in P&MC's Holding LLC |   |           | (572     | )      |      |   | -      |       |   |   | -            |   |   |                 | -      |   |   |   | (572 | ) |
| Net cash provided by (used in) financing activities            |   |           | 13,739   |   |      |   | (2,155 | )          |   |   | 1,135        |   |   |                 | -      |   |   |   | 12,719 |   |
| NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS           |   | (17,236        | )        |   |      | 1,234  |   |       |   | 1,583  |         |   |   | -                    |   |   |   | (14,419 | ) |
|                                                           |   |           |     |   |      |   |   |       |   |   |         |   |   |                 |   |   |   |   |   |   |
| CASH AND CASH EQUIVALENTS:                                     |   |           |     |   |      |   |   |       |   |   |         |   |   |                 |   |   |   |   |   |   |
| Balance, beginning of period                                   |   |           | 19,391   |   |      |   | 428    |       |   |   | (787         | )      |   |                 | -      |   |   |   | 19,032 |   |
| Balance, end of period                                         |   | $              | 2,155    |   |      |   | 1,662  |       |   |   | 796          |   |   |                 | -      |   |   |   | 4,613 |   |
|                                                           |   |           |     |   |      |   |   |       |   |   |         |   |   |                 |   |   |   |   |   |   |

----

Table of Contents

|                                                   |   |   |    |   |      |   |    |       |   |   |         |   |   |         |    |
|--------------------------------------------------------|--------|--------|---------|--------|-----------|--------|---------|------------|--------|--------|--------------|--------|--------|--------------|---------|
|                                                   |   |   |    |   | Guarantor |   |    | Non-       |   |   |         |   |   | Consolidated |    |
|                                                   |   | Issuer |    |   | WRG       |   |    | Guarantors |   |   | Eliminations |   |   | PMCI         |    |
|                                                   |   |   |    |   |      |   |    |       |   |   |         |   |   |         |    |
| CASH FLOWS FROM OPERATING ACTIVITIES:                  |   |   |    |   |      |   |    |       |   |   |         |   |   |         |    |
| Net (loss) income                                      |   | $      | (15,628 | )      |      |   | 10,789  |       |   |   | 846          |   |   |         | (11,635 | ) |   |   | (15,628 | ) |
| Adjustments to reconcile net (loss) income to net cash |   |   |    |   |      |   |    |       |   |   |         |   |   |         |    |   |   |   |   |   |
| provided by (used in) operating activities:            |   |   |    |   |      |   |    |       |   |   |         |   |   |         |    |   |   |   |   |   |
| Equity in (loss) earnings of subsidiaries              |   |   | (11,635 | )      |      |   | -       |       |   |   | -            |   |   |         | 11,635  |   |   |   | - |   |
| Depreciation and amortization                          |   |   | 17,610  |   |      |   | 5,939   |       |   |   | 1,273        |   |   |         | -       |   |   |   | 24,822 |   |
| Asset impairments                                      |   |   | 427     |   |      |   | 1,781   |       |   |   | 29           |   |   |         | -       |   |   |   | 2,237 |   |
| Amortization of debt discount                          |   |   | 324     |   |      |   | -       |       |   |   | -            |   |   |         | -       |   |   |   | 324 |   |
| Other non-cash income and expense items                |   |   | 265     |   |      |   | 68      |       |   |   | -            |   |   |         | -       |   |   |   | 333 |   |
| (Gain) loss on disposition of assets                   |   |   | (605    | )      |      |   | 831     |       |   |   | -            |   |   |         | -       |   |   |   | 226 |   |
| Equity in net loss of unconsolidated partnership       |   |   | -       |   |      |   | 82      |       |   |   | -            |   |   |         | -       |   |   |   | 82 |   |
| Net changes in operating assets and liabilities        |   |   | 6,373   |   |      |   | (2,815  | )          |   |   | (475         | )      |   |         | -       |   |   |   | 3,083 |   |
| Total adjustments                                      |   |   | 12,759  |   |      |   | 5,886   |       |   |   | 827          |   |   |         | 11,635  |   |   |   | 31,107 |   |
| Net cash (used in) provided by operating activities    |   |   | (2,869  | )      |      |   | 16,675  |       |   |   | 1,673        |   |   |         | -       |   |   |   | 15,479 |   |
|                                                   |   |   |    |   |      |   |    |       |   |   |         |   |   |         |    |   |   |   |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES:                  |   |   |    |   |      |   |    |       |   |   |         |   |   |         |    |   |   |   |   |   |
| Purchases of property and equipment                    |   |   | (25,794 | )      |      |   | (5,095  | )          |   |   | (658         | )      |   |         | -       |   |   |   | (31,547 | ) |
| Proceeds from sale of assets                           |   |   | -       |   |      |   | 21      |       |   |   | -            |   |   |         | -       |   |   |   | 21 |   |
| Net cash used in investing activities                  |   |   | (25,794 | )      |      |   | (5,074  | )          |   |   | (658         | )      |   |         | -       |   |   |   | (31,526 | ) |
|                                                   |   |   |    |   |      |   |    |       |   |   |         |   |   |         |    |   |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES:                  |   |   |    |   |      |   |    |       |   |   |         |   |   |         |    |   |   |   |   |   |
| Proceeds from revolving credit facilities              |   |   | 75,100  |   |      |   | -       |       |   |   | -            |   |   |         | -       |   |   |   | 75,100 |   |
| Repayment of revolving credit facilities               |   |   | (55,100 | )      |      |   | -       |       |   |   | -            |   |   |         | -       |   |   |   | (55,100 | ) |
| Repayment of Term Loan                                 |   |   | (750    | )      |      |   | -       |       |   |   | -            |   |   |         | -       |   |   |   | (750 | ) |
| Repayment of capital lease obligations                 |   |   | (177    | )      |      |   | (525    | )          |   |   | -            |   |   |         | -       |   |   |   | (702 | ) |
| Proceeds from (repayment of) other debt                |   |   | 100     |   |      |   | (18     | )          |   |   | -            |   |   |         | -       |   |   |   | 82 |   |
| Lessor financing of new restaurants                    |   |   | 6,107   |   |      |   | -       |       |   |   | -            |   |   |         | -       |   |   |   | 6,107 |   |
| Distributions to noncontrolling interest holders       |   |   | -       |   |      |   | -       |       |   |   | (519         | )      |   |         | -       |   |   |   | (519 | ) |
| Intercompany financing                                 |   |   | 17,649  |   |      |   | (17,788 | )          |   |   | 139          |   |   |         | -       |   |   |   | - |   |
| Capital contributions                                  |   |   | 1,792   |   |      |   | -       |       |   |   | -            |   |   |         | -       |   |   |   | 1,792 |   |
| Net cash provided by (used in) financing activities    |   |   | 44,721  |   |      |   | (18,331 | )          |   |   | (380         | )      |   |         | -       |   |   |   | 26,010 |   |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS   |   | 16,058 |    |   |      | (6,730 | )       |       |   | 635    |         |   |   | -            |    |   |   | 9,963 |   |
|                                                   |   |   |    |   |      |   |    |       |   |   |         |   |   |         |    |   |   |   |   |   |
| CASH AND CASH EQUIVALENTS:                             |   |   |    |   |      |   |    |       |   |   |         |   |   |         |    |   |   |   |   |   |
| Balance, beginning of period                           |   |   | 3,333   |   |      |   | 7,158   |       |   |   | (1,422       | )      |   |         | -       |   |   |   | 9,069 |   |
| Balance, end of period                                 |   | $      | 19,391  |   |      |   | 428     |       |   |   | (787         | )      |   |         | -       |   |   |   | 19,032 |   |

----

Table of Contents

|  2009 (in thousands)  |   | Revenues |    |   | (a)Gross profit |   |   | Net loss attributable to PMCI |   |
|---------------------------------|--------|----------|---------|--------|-----------------|--------|--------|-------------------------------|--------|
|                            |   |     |    |   |            |   |   |                          |   |
| 1st Quarter                |   | $        | 169,253 |   |            |   | 25,253 |                          |   |   | (9,754 | ) |
| 2nd Quarter                |   |     | 121,876 |   |            |   | 18,599 |                          |   |   | (5,880 | ) |
| 3rd Quarter                |   |     | 115,470 |   |            |   | 14,755 |                          |   |   | (11,248 | ) |
| 4th Quarter                |   |     | 129,469 |   |            |   | 22,394 |                          |   |   | (9,337 | ) |
|                            |   | $        | 536,068 |   |            |   | 81,001 |                          |   |   | (36,219 | ) |

|  2008 (in thousands)  |   | Revenues |    |   | (a)Gross profit |   |   | (b)Net loss attributable to PMCI |   |
|---------------------------------|--------|----------|---------|--------|-----------------|--------|--------|----------------------------------|--------|
|                            |   |     |    |   |            |   |   |                             |   |
| 1st Quarter                |   | $        | 182,400 |   |            |   | 25,556 |                             |   |   | (7,588 | ) |
| 2nd Quarter                |   |     | 130,966 |   |            |   | 16,440 |                             |   |   | (8,065 | ) |
| 3rd Quarter (Restated)          |   |     | 127,901 |   |            |   | 16,377 |                             |   |   | (57,719 | ) |
| 4th Quarter                |   |     | 140,703 |   |            |   | 21,803 |                             |   |   | (6,823 | ) |
|                            |   | $        | 581,970 |   |            |   | 80,176 |                             |   |   | (80,195 | ) |

| (a) | Gross profit represents total revenues less food cost, labor and benefits and operating expenses. |
|-----|---------------------------------------------------------------------------------------------------|

----

Table of Contents

|                             |  Consolidated Statements of Operations |
|----------------------------------|---------------------------------------------|
|                             |  (Unaudited)                           |
|                             |  (In thousands)                        |   |
|                             |                                        | As Previously |   |   |   |   |   |   |   |
|                             |                                        | Reported |   |   | Adjustments |   |   | Restated |   |
| Quarter Ended October 5, 2008    |                                        |   |   |   |   |   |   |   |   |
| Goodwill impairment              |                                        | $  | 20,202 |   |   |   | 27,242 |   |   |   | 47,444 |   |
| Net loss                         |                                        |   |  (30,472 | ) |   |   |  (27,242 | )  |   |   |  (57,714 | )  |
| Net loss attributable to PMCI    |                                        |   | (30,477 | ) |   |   | (27,242 | ) |   |   | (57,719 | ) |
|                             |                                        |   |   |   |   |   |   |   |   |   |   |   |
|                             |  Consolidated Balance Sheets           |
|                             |  (Unaudited)                           |
|                             |  (In thousands)                        |
|                             |                                        | As Previously |   |   |   |   |   |   |   |   |   |
|                             |                                        | Reported |   |   | Adjustments |   |   | Restated |   |
| As of October 4, 2009            |                                        |   |   |   |   |   |   |   |   |   |   |   |
| Goodwill                         |                                        | $  | 9,836 |   |   |   | 13,264 |   |   |   | 23,100 |   |
| Total assets                     |                                        |   | 299,893 |   |   |   | 13,264 |   |   |   | 313,157 |   |
| Deferred income taxes            |                                        |   | - |   |   |   | 45,457 |   |   |   | 45,457 |   |
| Accumulated deficit              |                                        |   | (287,803 | ) |   |   | (32,193 | ) |   |   | (319,996 | ) |
| Total PMCI stockholder's deficit |                                        |   | (136,887 | ) |   |   | (32,193 | ) |   |   | (169,080 | ) |
|                             |                                        |   |   |   |   |   |   |   |   |   |   |   |
| As of July 12, 2009              |                                        |   |   |   |   |   |   |   |   |   |   |   |
| Goodwill                         |                                        |   | 9,836 |   |   |   | 13,264 |   |   |   | 23,100 |   |
| Total assets                     |                                        |   | 304,949 |   |   |   | 13,264 |   |   |   | 318,213 |   |
| Deferred income taxes            |                                        |   | - |   |   |   | 45,457 |   |   |   | 45,457 |   |
| Accumulated deficit              |                                        |   | (276,555 | ) |   |   | (32,193 | ) |   |   | (308,748 | ) |
| Total PMCI stockholder's deficit |                                        |   | (126,683 | ) |   |   | (32,193 | ) |   |   | (158,876 | ) |
|                             |                                        |   |   |   |   |   |   |   |   |   |   |   |
| As of April 19, 2009             |                                        |   |   |   |   |   |   |   |   |   |   |   |
| Goodwill                         |                                        |   | 9,836 |   |   |   | 13,264 |   |   |   | 23,100 |   |
| Total assets                     |                                        |   | 310,733 |   |   |   | 13,264 |   |   |   | 323,997 |   |
| Deferred income taxes            |                                        |   | - |   |   |   | 45,457 |   |   |   | 45,457 |   |
| Accumulated deficit              |                                        |   | (270,675 | ) |   |   | (32,193 | ) |   |   | (302,868 | ) |
| Total PMCI stockholder's deficit |                                        |   | (120,832 | ) |   |   | (32,193 | ) |   |   | (153,025 | ) |

----

Table of Contents

| ·   | In conjunction with the Acquisition, we recorded certain non-amortizing intangible assets in our allocation of the purchase price.  However, at that time we failed to record the related deferred tax liabilities aggregating $40,506,000 for the differences between the income tax basis and the financial reporting basis of such assets and the associated corresponding increase in goodwill; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Such deferred tax liabilities in the Acquisition purchase price allocation should have then been increased by $4,951,000 during the year ended December 31, 2006 (with a corresponding charge to the provision for income taxes in that year) due to a change in our effective tax rates; and, |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | During the year ended December 28, 2008, we had previously recorded an impairment to goodwill of $20,202,000.  A significant portion of the additional goodwill associated with the Acquisition error discussed above should have also been impaired at that time resulting in an additional $27,242,000 impairment charge during the year ended December 28, 2008. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Table of Contents

|                             |  Consolidated Statements of Operations |
|----------------------------------|---------------------------------------------|
|                             |  (In thousands)                        |
|                             |                                        | As Previously |   |   |   |   |   |   |   |
|                             |                                        | Reported |   |   | Adjustments |   |   | Restated |   |
| Year Ended December 28, 2008     |                                        |   |   |   |   |   |   |   |   |
| Goodwill impairment              |                                        | $ | 20,202 |   |   |   | 27,242 |   |   |   | 47,444 |   |
| Total costs and expenses         |                                        |   | 636,408 |   |   |   | 27,242 |   |   |   | 663,650 |   |
| Loss before income taxes         |                                        |   | (54,438 | ) |   |   | (27,242 | ) |   |   | (81,680 | ) |
| Net loss                         |                                        |   | (52,669 | ) |   |   | (27,242 | ) |   |   | (79,911 | ) |
| Net loss attributable to PMCI    |                                        |   | (52,953 | ) |   |   | (27,242 | ) |   |   | (80,195 | ) |
|                             |                                        |   |   |   |   |   |   |   |   |   |   |   |
|                             |  Consolidated Balance Sheets           |
|                             |  (In thousands)                        |
|                             |                                        | As Previously |   |   |   |   |   |   |   |   |   |
|                             |                                        | Reported |   |   | Adjustments |   |   | Restated |   |
| As of December 27, 2009          |                                        |   |   |   |   |   |   |   |   |   |   |   |
| Goodwill                         |                                        | $ | 9,836 |   |   |   | 13,264 |   |   |   | 23,100 |   |
| Total assets                     |                                        |   | 291,641 |   |   |   | 13,264 |   |   |   | 304,905 |   |
| Deferred income taxes            |                                        |   | - |   |   |   | 45,457 |   |   |   | 45,457 |   |
| Accumulated deficit              |                                        |   | (297,140 | ) |   |   | (32,193 | ) |   |   | (329,333 | ) |
| Total PMCI stockholder's deficit |                                        |   | (146,224 | ) |   |   | (32,193 | ) |   |   | (178,417 | ) |
| Total deficit                    |                                        |   | (145,916 | ) |   |   | (32,193 | ) |   |   | (178,109 | ) |
| Total liabilities and deficit    |                                        |   | 291,641 |   |   |   | 13,264 |   |   |   | 304,905 |   |
|                             |                                        |   |   |   |   |   |   |   |   |   |   |   |
| As of December 28, 2008          |                                        |   |   |   |   |   |   |   |   |   |   |   |
| Goodwill                         |                                        |   | 9,836 |   |   |   | 13,264 |   |   |   | 23,100 |   |
| Total assets                     |                                        |   | 323,508 |   |   |   | 13,264 |   |   |   | 336,772 |   |
| Deferred income taxes            |                                        |   | - |   |   |   | 45,457 |   |   |   | 45,457 |   |
| Accumulated deficit              |                                        |   | (260,921 | ) |   |   | (32,193 | ) |   |   | (293,114 | ) |
| Total PMCI stockholder's deficit |                                        |   | (111,073 | ) |   |   | (32,193 | ) |   |   | (143,266 | ) |
| Total deficit                    |                                        |   | (110,858 | ) |   |   | (32,193 | ) |   |   | (143,051 | ) |
| Total liabilities and deficit    |                                        |   | 323,508 |   |   |   | 13,264 |   |   |   | 336,772 |   |
|                             |                                        |   |   |   |   |   |   |   |   |   |   |   |
|                             |  Consolidated Statements of Cash Flows |
|                             |  (In thousands)                        |
|                             |                                        | As Previously |   |   |   |   |   |   |   |   |   |
|                             |                                        | Reported |   |   | Adjustments |   |   | Restated |   |
| Year Ended December 28, 2008     |                                        |   |   |   |   |   |   |   |   |   |   |   |
| Net loss                         |                                        | $ | (52,669 | ) |   |   | (27,242 | ) |   |   | (79,911 | ) |
| Goodwill impairment              |                                        |   | 20,202 |   |   |   | 27,242 |   |   |   | 47,444 |   |

----

Table of Contents

Item 9A(T). Controls and Procedures.

----

Table of Contents

----

Table of Contents

Item 15. Exhibits and Financial Statement Schedules.

| (a) | 1. Financial Statements filed as part of this report are listed below: |
|-----|------------------------------------------------------------------------|

| Exhibit No. |                                                                                                                                                                                                            |
|-------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2.1*        | Stock Purchase Agreement, dated as of September 2, 2005, by and among The Restaurant Holding Corporation, The Individuals and Entities listed on Exhibit A attached thereto and TRC Holding Corp.               |
| 2.2*        | First Amendment to Stock Purchase Agreement, dated as of September 21, 2005, by and among The Restaurant Corporation, TRC Holding Corp., BancBoston Ventures Inc. and Donald N. Smith                           |
| 2.3*        | Stock Purchase Agreement, dated as of May 3, 2006, by and among The Restaurant Company, TRC Holding LLC, Wilshire Restaurant Group, Inc. and the individuals and entities listed on Exhibit A attached thereto. |
| 3.1*        | Certificate of Amendment of Certificate of Incorporation of The Restaurant Company dated August 7, 2006.                                                                                                        |
| 3.2*        | Certificate of Amendment of Certificate of Formation of TRC Realty LLC dated December 5, 2006.                                                                                                                  |
| 4.1*        | First Supplemental Indenture, dated as of April 28, 2006, by and among The Restaurant Company, the Guarantors and The Bank of New York, as trustee.                                                             |
| 4.2*        | Form of 10% Senior Notes due 2013 (included in Exhibit 4.1)                                                                                                                                                     |
| 4.3*        | Form of Guarantee (included in Exhibit 4.1)                                                                                                                                                                     |
| 10.1**      | Purchase Agreement, dated September 24, 2008, by and among Perkins & Marie Callender’s Inc., the Guarantors named therein, and  Jefferies & Company, Inc.                               |
| 10.2**      | Indenture, dated as of September 24, 2008, among Perkins & Marie Callender’s Inc., the Guarantors named therein, and The Bank of New York Mellon, as Trustee.                                         |

----

Table of Contents

| Exhibit No. |
|-------------|

| 10.3**      | Form of 14% Senior Secured Notes due 2013 (included in Exhibit 10.2).                                                                                                                                                                                                                        |
|-------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.4**      | Form of Guarantee (included in Exhibit 10.2).                                                                                                                                                                                                                                                |
| 10.5**      | Security Agreement, dated as of September 24, 2008, among the Grantors listed therein and those additional entities that become parties thereby, and The Bank of New York Mellon, as Trustee.                                                                                                |
| 10.6**      | Trademark Security Agreement, dated as of September 24, 2008, among the Grantors listed therein and those additional entities that become parties thereby, and The Bank of New York Mellon, as Trustee.                                                                                      |
| 10.7**      | Intercreditor Agreement, dated as of September 24, 2008, between Wells Fargo Foothill, LLC, as First Priority Agent, and The Bank of New York Mellon, as Second Priority Agent.                                                                                                              |
| 10.8**      | Credit Agreement, dated September 24, 2008, among Perkins & Marie Callender’s Holding Inc., as Parent, Perkins & Marie Callender’s Inc., as Borrower, the lenders that are signatories thereto, and Wells Fargo Foothill, LLC, as the Arranger and Administrative Agent. |
| 10.9**      | Security Agreement, dated as of September 24, 2008, among Perkins & Marie Callender’s Holding Inc. and each of its subsidiaries signatory thereto, as grantors, and Wells Fargo Foothill, LLC.                                                                                     |
| 10.10**     | Trademark Security Agreement, dated as of September 24, 2008, among the grantors thereto and Wells Fargo Foothill, LLC.                                                                                                                                                                      |
| 10.11***+   | Employment Agreement between Perkins & Marie Callender’s Inc. and Joseph F. Trungale, President and Chief Executive Officer                                                                                                                                                        |
| 10.12****+  | Employment Agreement between Perkins & Marie Callender’s Inc. and Fred T. Grant, Jr., Executive Vice President and Chief Financial Officer                                                                                                                                         |
| 10.13*****+ | Employment Agreement between Perkins & Marie Callender’s Inc. and Pete M. Pascuzzi, Executive Vice President, Operations and President, Perkins Restaurants                                                                                                                        |
| 21.1*       | List of subsidiaries of Perkins & Marie Callender’s Inc.                                                                                                                                                                                                                           |
| 31.1        | Chief Executive Officer Certification Pursuant to Sarbanes-Oxley Act of 2002, Section 302                                                                                                                                                                                                    |
| 31.2        | Chief Financial Officer Certification Pursuant to Sarbanes-Oxley Act of 2002, Section 302.                                                                                                                                                                                                   |
| 32.1        | Chief Executive Officer Certification Pursuant to Sarbanes-Oxley Act of 2002, Section 906.                                                                                                                                                                                                   |
| 32.2        | Chief Financial Officer Certification Pursuant to Sarbanes-Oxley Act of 2002, Section 906.                                                                                                                                                                                                   |

| * | Previously filed as an exhibit to the Registrant’s Registration Statement on Form S-4 (File No. 333-131004), originally filed on January 12, 2006. |
|---|----------------------------------------------------------------------------------------------------------------------------------------------------------|

| ** | Previously filed as an exhibit to the Registrant’s Current Report on Form 8-K/A, originally filed on October 3, 2008. |
|----|-----------------------------------------------------------------------------------------------------------------------------|

| *** | Previously filed as an exhibit to the Annual Report on Form 10-K (File No. 333-57925), originally filed on June 27, 2007. |
|-----|---------------------------------------------------------------------------------------------------------------------------|

| **** | Previously filed as an exhibit to the Registrant’s Current Report on Form 8-K, originally filed on March 18, 2008. |
|------|--------------------------------------------------------------------------------------------------------------------------|

| ***** | Previously filed as an exhibit to the Annual Report on Form 10-K (File No. 333-57925), originally filed on March 30, 2009. |
|-------|----------------------------------------------------------------------------------------------------------------------------|

| + | Management contract or compensatory plan or arrangement. |
|---|----------------------------------------------------------|

----

Table of Contents

SIGNATURES

| Signature                                                                                                                                                                                                                                                                                                                                                                                                        | Title                                                |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------|
| /s/ Joseph F. Trungale                                                                | President and Chief Executive Officer                |
| Joseph F. Trungale                                                                                                                                                                                                                                                                                                                                                                                               | (Principal Executive Officer)                        |
|                                                                                                                                                                                                                                                                                                                                                                                                             |                                                 |
| /s/ Fred T. Grant, Jr.                                                                | Executive Vice President and Chief Financial Officer |
| Fred T. Grant, Jr.                                                                                                                                                                                                                                                                                                                                                                                               | (Principal Financial and Accounting Officer)         |

----

Table of Contents

SCHEDULE II

| Column A                                                                                                                                                                                                    |   | Column B                     |   |   | Column C            |   |   | Column D                      |   |   |                    | Column E |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------|--------|--------|---------------------|--------|--------|-------------------------------|--------|--------|-------------------------|----------|--------|
|                                                                                                                                                                                                        |   |                         |   |   |                |   |   | Additions                     |   |   |                    |     |   |   |   |   |
|   Description                               |   | Balance atBeginning ofPeriod |   |   | BusinessCombination |   |   | Chargedto Costs &Expenses |   |   | Chargedto OtherAccounts |     |   | DeductionsfromReserves |   |     |   | Balanceat Closeof Period |   |
| FISCAL YEAR ENDED DECEMBER 27, 2009                                                                                                                                                                         |   |                         |   |   |                |   |   |                          |   |   |                    |     |   |   |   |   |   |   |   |
| Allowance for Doubtful Accounts                                                                                                                                                                             |   | $                            | 954    |   |                |   | 0      |                          |   |   | 290                     |     |   |   | 0 |   |   |   | (415 | ) | (a) |   | $ | 829 |   |
| FISCAL YEAR ENDED DECEMBER 28, 2008                                                                                                                                                                         |   |                         |   |   |                |   |   |                          |   |   |                    |     |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Allowance for Doubtful Accounts                                                                                                                                                                             |   |                         | 1,542  |   |                |   | 0      |                          |   |   | 79                      |     |   |   | 0 |   |   |   | (667 | ) | (a) |   |   | 954 |   |
| FISCAL YEAR ENDED DECEMBER 30, 2007                                                                                                                                                                         |   |                         |   |   |                |   |   |                          |   |   |                    |     |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Allowance for Doubtful Accounts                                                                                                                                                                             |   |                         | 1,624  |   |                |   | 0      |                          |   |   | 77                      |     |   |   | 0 |   |   |   | (159 | ) | (a) |   |   | 1,542 |   |

| (a) | Represents uncollectible accounts written off, net of recoveries, and net costs associated with sublease receivables for which a reserve was established. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|