----

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| x      | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 |
|--------|-------------------------------------------------------------------------------------|
|   |                                                                                |
|   | For the fiscal year ended December 27, 2009                                         |

| Tennessee                                | 62-1192475          |
|------------------------------------------|---------------------|
| (State or other jurisdiction of          | (I.R.S. Employer    |
| incorporation or organization)           | Identification No.) |
|                                     |                |
| 3038 Sidco Drive                         |                |
| Nashville, Tennessee                     | 37204               |
| (Address of principal executive offices) | (Zip Code)          |

| Registrant’s telephone number, including area code:   | (615) 256-8500                                  |
|-------------------------------------------------------------|-------------------------------------------------|
|                                                        |                                            |
| Securities registered pursuant to Section 12(b) of the Act: | Common Stock, no par                            |
|                                                        | Series A Junior Preferred Stock Purchase Rights |
|                                                        | (Title of Each Class)                           |
|                                                        |                                            |
| Name of each exchange on which registered                   | NASDAQ Global Select Market                     |
|                                                        |                                            |
| Securities registered pursuant to Section 12(g) of the Act: | None                                            |
|                                                        |                                            |

|  Part of Form 10-K |   | Documents from which portions areincorporated by reference                                                |
|-------------------------|--------|-----------------------------------------------------------------------------------------------------------|
| Part III                |   | Proxy Statement relating to the registrant’s Annual Meeting of Shareholders to be held May 12, 2010 |

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| PART I                                                                                                                     | 3      |
|----------------------------------------------------------------------------------------------------------------------------|--------|
| Item 1. Business                                                                                                           | 3      |
| Item 1A. Risk Factors                                                                                                      | 11     |
| Item 1B. Unresolved Staff Comments                                                                                         | 16     |
| Item 2. Properties                                                                                                         | 16     |
| Item 3. Legal Proceedings                                                                                                  | 17     |
| Item 4. (Removed and Reserved)                                                                                             | 17     |
| PART II                                                                                                                    | 17     |
| Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | 17     |
| Item 6. Selected Financial Data                                                                                            | 20     |
| Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations                        | 22     |
| Item 7A. Quantitative and Qualitative Disclosures About Market Risk                                                        | 38     |
| Item 8. Financial Statements and Supplementary Data                                                                        | 39     |
| Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure                               | 73     |
| Item 9A. Controls and Procedures                                                                                           | 73     |
| Item 9B. Other Information                                                                                                 | 75     |
| PART III                                                                                                                   | 75     |
| Item 10. Directors, Executive Officers and Corporate Governance                                                            | 75     |
| Item 11. Executive Compensation                                                                                            | 75     |
| Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters                    | 75     |
| Item 13. Certain Relationships and Related Transactions, and Director Independence                                         | 75     |
| Item 14. Principal Accountant Fees and Services                                                                            | 75     |
| PART IV                                                                                                                    | 76     |
| Item 15. Exhibits and Financial Statement Schedules                                                                        | 76     |
| SIGNATURES                                                                                                                 | 80     |
| EX-10.2 AMENDMENT TO CHUX OWNERSHIP PLAN                                                                                   |   |
| EX-10.27 SUMMARY OF DIRECTOR AND EXECUTIVE OFFICER COMPENSATION                                                            |   |
| EX-10.28 O’CHARLEY’S INC.  DEFERRED COMPANSATION PLAN                                                |   |
| EX-21 SUBSIDIARIES OF THE COMPANY                                                                                          |   |
| EX-23 CONSENT OF KPMG LLP                                                                                                  |   |
| EX-31.1 SECTION 302 CERTIFICATION OF THE CEO                                                                               |   |
| EX-31.2 SECTION 302 CERTIFICATION OF THE CFO                                                                               |   |
| EX-32.1 SECTION 906 CERTIFICATION OF THE CEO                                                                               |   |
| EX-32.2 SECTION 906 CERTIFICATION OF THE CFO                                                                               |   |

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| ·   | Strategic sourcing: manages and facilitates enterprise-wide sourcing activities, including the development of sourcing strategies, supplier negotiation and selection, and supplier performance management for specified expenditure areas. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Quality assurance: designs, implements, and measures strategic programs for both quality assurance and food safety that ensures we achieve, sustain, and continue to improve best of class programs for food quality and food safety for all our concepts. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Supply chain operations: ensures uninterrupted, timely flow of goods to our concepts, and monitors compliance with all sourcing and distribution agreements. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Alabama (21)      | Kentucky (20)       | Ohio (19)           |
|-------------------|---------------------|---------------------|
| Birmingham (6)    | Ashland             | Cincinnati (8)      |
| Decatur           | Bowling Green       | Cleveland           |
| Dothan            | Cold Spring         | Columbus (7)        |
| Florence          | Danville            | Dayton (3)          |
| Guntersville      | Elizabethtown       |                |
| Huntsville (2)    | Florence            | South Carolina (12) |
| Mobile (4)        | Frankfort           | Aiken               |
| Montgomery (2)    | Hopkinsville        | Anderson            |
| Opelika           | Lexington (4)       | Charleston (2)      |
| Oxford            | Louisville (5)      | Columbia (3)        |
| Tuscaloosa        | Owensboro           | Greenwood           |
|              | Paducah             | Rock Hill           |
| Arkansas (2)      | Richmond            | Simpsonville        |
| Jonesboro         |                | Spartanburg         |
| Rogers            | Louisiana (3)       | Summerville         |
|              | Lafayette           |                |
| Florida (6)       | Lake Charles        | Tennessee (40)      |
| Destin            | Monroe              | Chattanooga (2)     |
| Jacksonville (3)  |                | Clarksville (2)     |
| Panama City       | Mississippi (8)     | Cleveland           |
| Pensacola         | Gulfport            | Columbia            |
|              | Hattiesburg         | Cookeville          |
| Georgia (28)      | Meridian            | Dickson             |
| Atlanta (20)      | Olive Branch        | Jackson             |
| Augusta           | Pearl               | Johnson City        |
| Columbus          | Ridgeland           | Kingsport           |
| Dalton            | Southaven           | Knoxville (5)       |
| Ft. Oglethorpe    | Tupelo              | Manchester          |
| Gainesville       |                | Memphis (4)         |
| Griffin           | Missouri (10)       | Morristown          |
| Macon (2)         | Cape Girardeau      | Murfreesboro (2)    |
|              | Kansas City (2)     | Nashville (13)      |
| Illinois (5)      | St. Louis (7)       | Pigeon Forge        |
| Champaign         |                | Spring Hill         |
| Marion            | North Carolina (25) | Springfield         |
| O’Fallon    | Asheville           |                |
| Springfield (2)   | Burlington          | Virginia (12)       |
|              | Charlotte (9)       | Bristol             |
| Indiana (21)      | Fayetteville        | Fredericksburg      |
| Bloomington       | Greensboro          | Harrisonburg        |
| Clarksville       | Greenville          | Lynchburg           |
| Corydon           | Hendersonville      | Roanoke (2)         |
| Evansville (2)    | Hickory             | Richmond (6)        |
| Fort Wayne (2)    | Jacksonville        |                |
| Greenfield        | Raleigh (3)         | West Virginia (2)   |
| Indianapolis (11) | Wake Forest         | Charleston (2)      |
| Lafayette         | Wilmington (2)      |                |
| Richmond          | Winston-Salem (2)   | Wisconsin (1)       |
|              |                | Grand Chute         |

----

| Connecticut (16) | New Hampshire (14) | Massachusetts (61) |
|------------------|--------------------|--------------------|
| Dayville         | Concord            | Auburn             |
| Enfield          | Dover              | Boston (36)        |
| Groton           | Hooksett           | Centerville        |
| Hartford (6)     | Keene              | Chicopee           |
| Manchester       | Littleton          | Fairhaven          |
| New Haven (2)    | Londonderry        | Fall River         |
| Norwich          | Manchester         | Fitchburg          |
| Stratford        | Nashua             | Franklin           |
| Torrington       | North Conway       | Greenfield         |
| Waterbury        | Portsmouth         | Holyoke            |
|             | Salem              | Marlboro           |
| Maine (5)        | Seabrook           | Mashpee            |
| Auburn           | Tilton             | North Attleboro    |
| Augusta          | West Lebanon       | North Dartmouth    |
| Bangor           |               | Pittsfield         |
| Portland (2)     | New York (9)       | Plymouth           |
|             | Albany (2)         | Seekonk            |
| Rhode Island (3) | Clifton Park       | Springfield (4)    |
| Cranston         | Kingston           | Tewksbury          |
| Newport          | Plattsburgh        | West Yarmouth      |
| Westerly         | Queensbury         | Worcester (3)      |
|             | Rotterdam          |               |
| Vermont (3)      | Saratoga Springs   |               |
| Brattleboro      | Utica              |               |
| Rutland          |               |               |
| Williston        | Pennsylvania (4)   |               |
|             | Audubon            |               |
| New Jersey (1)   | Philadelphia       |               |
| Deptford         | Trevose (Bensalem) |               |
|             | Warrington         |               |
|             |               |               |

| Georgia (3)  | Kentucky (1)  | Maryland (2) | Missouri (1) |
|--------------|---------------|--------------|--------------|
| Atlanta (3)  | Louisville    | Annapolis    | St. Louis    |
|         |          | Towson       |         |
| Illinois (2) | Tennessee (2) |         |         |
| Chicago (2)  | Nashville (2) |         |         |

| Franchised Restaurants |         |           |             |
|------------------------|--------------|----------------|------------------|
|                   |         |           |             |
| Florida (1)            | Michigan (4) | Ohio (3)       | Pennsylvania (1) |
| Orlando                | Belleville   | Boardman       | Erie             |
|                   | Chesterfield | Cuyahoga Falls |             |
|                   | Grand Rapids | Niles          | Tennessee (1)    |
|                   | Holland      |           | Nashville        |

----

|   Franchise Entity                               |    OpenRestaurants | TotalRestaurantsContracted forDevelopment |     Markets                                                                  |
|------------------------------------------------------------|-----------------------------------|-------------------------------------------|--------------------------------------------------------------------------------------------------|
|  O’Candall Group, Inc.                          |  5                           |  50                                  |  Tampa and Orlando Florida, Western Pennsylvania, Northwest West Virginia and Northern Ohio |
|  Meritage Hospitality Group, Inc.                     |  4                           |  15                                  |  Michigan                                                                                   |
|  Delaware North Companies Travel Hospitality Services |  1                           |  1                                   |  Tennessee (Nashville International Airport)                                                |

----

| Name                    | Age | Position                                                                    |
|-------------------------|-----|-----------------------------------------------------------------------------|
| Jeffrey D. Warne        | 49  | Chief Executive Officer and President                                       |
| Lawrence E. Hyatt       | 55  | Chief Financial Officer and Treasurer                                       |
| Wilson L. Craft         | 56  | Concept President-O’Charley’s                                   |
| John R. Grady           | 57  | Concept President-Ninety Nine Restaurants                                   |
| Anthony J. Halligan III | 51  | Concept President-Stoney River Legendary Steaks                             |
| Colin M. Daly           | 38  | General Counsel, Secretary and Compliance Officer                           |
| Michael K. Ellis        | 47  | Chief Development Officer                                                   |
| Lawrence D. Taylor      | 52  | Chief Supply Chain Officer                                                  |
| Robert F. Luz           | 49  | Vice President of Human Resources                                           |
| Leon De Wet             | 48  | Chief Information Officer                                                   |
| R. Jeffrey Williams     | 43  | Principal Accounting Officer, Corporate Controller, and Assistant Secretary |

----

----

----

----

----

|   | • | the macroeconomic environment, including consumer confidence and discretionary spending; |
|--------|---------|------------------------------------------------------------------------------------------|

|   | • | the selection and availability of quality restaurant sites; |
|--------|---------|-------------------------------------------------------------|

|   | • | our ability to negotiate acceptable lease or purchase terms; |
|--------|---------|--------------------------------------------------------------|

----

|   | • | our ability to hire, train and retain the skilled management and other personnel necessary to open, manage and operate new restaurants; |
|--------|---------|-----------------------------------------------------------------------------------------------------------------------------------------|

|   | • | our ability to secure the governmental permits and approvals required to open new restaurants; |
|--------|---------|------------------------------------------------------------------------------------------------|

|   | • | our ability to manage the amount of time and money required to build and open new restaurants, including the possibility that adverse weather conditions may delay construction and the opening of new restaurants; and |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | the availability of adequate financing. |
|--------|---------|-----------------------------------------|

----

|                    | Owned |   | Ground Lease |   | Land and Building Lease |   | Total |   |
|-------------------------|-------|--------|--------------|--------|-------------------------|--------|-------|--------|
| O’Charley’s | 99    |   | 92           |   | 44                      |   | 235   |   |
| Ninety Nine             | 0     |   | 33           |   | 83                      |   | 116   |   |
| Stoney River            | 3     |   | 5            |   | 3                       |   | 11    |   |
| Total                   | 102   |   | 130          |   | 130                     |   | 362   |   |

----

|           |   |   |   |   |   |   |   |   |
|----------------|--------|--------|--------|--------|--------|--------|--------|--------|
|           |   | High   |   | Low    |
| Fiscal 2009    |   |   |   |   |   |   |   |   |
| First Quarter  |   | $      | 4.95   |   |   | $      | 1.83   |   |
| Second Quarter |   |   | 10.20  |   |   |   | 4.18   |   |
| Third Quarter  |   |   | 11.41  |   |   |   | 7.45   |   |
| Fourth Quarter |   |   | 10.10  |   |   |   | 5.32   |   |
|           |   |   |   |   |   |   |   |   |
| Fiscal 2008    |   |   |   |   |   |   |   |   |
| First Quarter  |   | $      | 15.36  |   |   | $      | 9.88   |   |
| Second Quarter |   |   | 12.34  |   |   |   | 9.63   |   |
| Third Quarter  |   |   | 12.84  |   |   |   | 8.02   |   |
| Fourth Quarter |   |   | 8.27   |   |   |   | 1.19   |   |

----

| Graph Data Points            |                            | 12/26/04                             | 12/25/05                  | 12/31/06                             | 12/30/07                             | 12/28/08                             | 12/27/09 |
|------------------------------|---------------------------------|--------------------------------------|---------------------------|--------------------------------------|--------------------------------------|--------------------------------------|----------|
|                         |                            |                                 |                      |                                 |                                 |                                 |     |
| O’Charley’s Inc. | $    100.00 | $     81.40 | $   111.18 | $     78.88 | $     11.01 | $     37.31 |
| NASDAQ Composite             | $    100.00 | $   101.33            | $   114.01 | $   123.71            | $     73.11 | $   105.61            |
| S&P Restaurants          | $    100.00 | $   106.39            | $   135.26 | $   149.26            | $   141.22            | $   165.08            |

----

|   | O’Charley’s    Accounting Periods                                                                                                                                                           | Total Number of Shares Purchased (1) |   | Average Price Paid Per Share |   | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs |   | Increase in Share Repurchase Authorization |   | Maximum Number of Shares or Approximate Dollar Value That May Yet be Purchased Under the Plans or Programs |   |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------|--------|------------------------------|--------|----------------------------------------------------------------------------------|--------|--------------------------------------------|--------|------------------------------------------------------------------------------------------------------------|--------|
|   | 10/05/09-11/01/09                                                                                                                                                                                                           | 392                                  |   | 9.57                         |   | —                                                                          |   | —                                    |   | —                                                                                                    |   |
|   | 11/02/09-11/29/09                                                                                                                                                                                                           | 1,966                                |   | 6.96                         |   | —                                                                          |   | —                                    |   | —                                                                                                    |   |
|   | 11/30/09-12/27/09                                                                                                                                                                                                           | 5,264                                |   | 6.23                         |   | —                                                                          |   | —                                    |   | —                                                                                                    |   |
|   | Total for the Quarter                                                                                                                                                                                                       | 7,622                                |   | $6.59                        |   | —                                                                          |   | —                                    |   | —                                                                                                    |   |
|   |                                                                                                                                                                                                                        |                                 |   |                         |   |                                                                             |   |                                       |   |                                                                                                       |   |
|   | (1)  Represents shares withheld to cover tax-withholding requirements relating to the vesting of restricted stock issued to employees pursuant to the Company’s shareholder-approved stock incentive plans. |

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|                                                                                                                                                                                                                                                                                                                                                                           |    |                                                                    |    |   |                                                                    |    |   |                                                                   |   |   |                                                                   |   |    |    |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------|-------------------------------------------------------------------------|---------|--------|-------------------------------------------------------------------------|---------|--------|------------------------------------------------------------------------|--------|--------|------------------------------------------------------------------------|--------|---------|---------|--------|
|                                                                                                                                                                                                                                                                                                                                                                           |    | Fiscal Years                                                            |    |
|                                                                                                                                                                                                                                                                                                                                                                           |    | 2009                                                                    |    |   | 2008                                                                    |    |   | 2007                                                                   |   |   | 2006                                                                   |   |    | 2005    |   |
|                                                                                                                                                                                                                                                                                                                                                                           |    | (In thousands, except per share data)                                   |    |
| Statement of Operations Data:                                                                                                                                                                                                                                                                                                                                                  |    |                                                                    |    |   |                                                                    |    |   |                                                                   |   |   |                                                                   |   |    |    |   |
| Revenues:                                                                                                                                                                                                                                                                                                                                                                      |    |                                                                    |    |   |                                                                    |    |   |                                                                   |   |   |                                                                   |   |    |    |   |
|         Restaurant sales                                                                                                                                                                                                                                                                                                               | $       | 879,909                                                                 |    | $      | 930,317                                                                 |    | $      | 969,497                                                                |   | $      | 978,751                                                                |   | $       | 921,329 |   |
|         Commissary sales                                                                                                                                                                                                                                                                                                               |    | —                                                                 |    |   | —                                                                 |    |   | 7,783                                                                  |   |   | 10,345                                                                 |   |    | 8,498   |   |
|         Franchise and other revenue                                                                                                                                                                                                                                                                                                    |    | 931                                                                     |    |   | 843                                                                     |    |   | 472                                                                    |   |   | 428                                                                    |   |    | 361     |   |
|                                                                                                                                                                                                                                                                                                                                                                           |    |  880,840                                                           |    |   |  931,160                                                           |    |   |  977,752                                                          |   |   |  989,524                                                          |   |    | 930,188 |   |
| Costs and Expenses:                                                                                                                                                                                                                                                                                                                                                            |    |                                                                    |    |   |                                                                    |    |   |                                                                   |   |   |                                                                   |   |    |    |   |
|        Cost of restaurant sales:                                                                                                                                                                                                                                                                                                            |    |                                                                    |    |   |                                                                    |    |   |                                                                   |   |   |                                                                   |   |    |    |   |
|             Cost of food and beverage                                                                                                                                                                                                                                                                              |    | 256,823                                                                 |    |   | 276,005                                                                 |    |   | 284,099                                                                |   |   | 291,759                                                                |   |    | 277,391 |   |
|             Payroll and benefits                                                                                                                                                                                                                                                                                   |    | 311,795                                                                 |    |   | 325,996                                                                 |    |   | 331,644                                                                |   |   | 328,809                                                                |   |    | 318,513 |   |
|             Restaurant operating costs                                                                                                                                                                                                                                                                             |    | 175,544                                                                 |    |   | 187,966                                                                 |    |   | 184,791                                                                |   |   | 185,938                                                                |   |    | 172,417 |   |
|                  Cost of restaurant sales, exclusive of depreciation and                             amortization shown separately below |    | 744,162                                                                 |    |   | 789,967                                                                 |    |   | 800,534                                                                |   |   |   806,506                                                    |   |    | 768,321 |   |
|                                                                                                                                                                                                                                                                                                                                                                           |    |                                                                    |    |   |                                                                    |    |   |                                                                   |   |   |                                                                   |   |    |    |   |
|        Cost of commissary sales                                                                                                                                                                                                                                                                                                             |    | —                                                                 |    |   | —                                                                 |    |   | 7,700                                                                  |   |   | 9,065                                                                  |   |    | 7,716   |   |
|        Advertising and marketing expenses                                                                                                                                                                                                                                                                                                   |    | 32,718                                                                  |    |   | 34,257                                                                  |    |   | 32,537                                                                 |   |   | 27,917                                                                 |   |    | 25,470  |   |
|        General and administrative expenses                                                                                                                                                                                                                                                                                                  |    | 38,343                                                                  |    |   | 44,292                                                                  |    |   | 48,670                                                                 |   |   | 52,211                                                                 |   |    | 42,074  |   |
|        Depreciation and amortization of property and equipment                                                                                                                                                                                                                                                                              |    | 47,283                                                                  |    |   | 50,776                                                                  |    |   | 50,882                                                                 |   |   | 46,614                                                                 |   |    | 43,806  |   |
|        Impairment, disposal and restructuring charges, net (1)                                                                                                                                                                                                                                                                              |    | 11,355                                                                  |    |   | 16,989                                                                  |    |   | 16,537                                                                 |   |   | 2,098                                                                  |   |    | 7,335   |   |
|        Goodwill impairment (2)                                                                                                                                                                                                                                                                                                              |    | —                                                                 |    |   | 93,656                                                                  |    |   | —                                                                |   |   | —                                                                |   |    | — |   |
|        Pre-opening costs                                                                                                                                                                                                                                                                                                                    |    | 597                                                                     |    |   | 3,921                                                                   |    |   | 3,065                                                                  |   |   | 4,628                                                                  |   |    | 6,271   |   |
|                                                                                                                                                                                                                                                                                                                                                                           |    |  874,458                                                           |    |   |  1,033,858                                                         |    |   |  959,925                                                          |   |   |  949,039                                                          |   |    | 900,993 |   |
| Income (loss)  from Operations                                                                                                                                                                                                                                                                                                                                       |    | 6,382                                                                   |    |   | (102,698                                                                | )       |   | 17,827                                                                 |   |   | 40,485                                                                 |   |    | 29,195  |   |
| Other Expense (Income):                                                                                                                                                                                                                                                                                                                                                        |    |                                                                    |    |   |                                                                    |    |   |                                                                   |   |   |                                                                   |   |    |    |   |
|        Interest expense, net                                                                                                                                                                                                                                                                                                                |    | 11,628                                                                  |    |   | 14,966                                                                  |    |   | 12,329                                                                 |   |   | 14,401                                                                 |   |    | 15,123  |   |
|        Other, net                                                                                                                                                                                                                                                                                                                           |    | (68                                                                     | )       |   | 10                                                                      |    |   | (87                                                                    | )      |   | (6                                                                     | )      |    | 42      |   |
|                                                                                                                                                                                                                                                                                                                                                                           |    |  11,560                                                            |    |   |  14,976                                                            |    |   |  12,242                                                           |   |   |  14,395                                                           |   |    | 15,165  |   |
| (Loss) Earnings Before Income Taxes and Cumulative Effect of Change in Accounting Principle                                                                                                                                                                                                                                                                                    |    | (5,178                                                                  | )       |   | (117,674                                                                | )       |   | 5,585                                                                  |   |   | 26,090                                                                 |   |    | 14,030  |   |
| Income Tax Expense (Benefit) (3)                                                                                                                                                                                                                                                                                                                                               |    | 2,147                                                                   |    |   | 14,823                                                                  |    |   | (1,724                                                                 | )      |   | 7,200                                                                  |   |    | 2,001   |   |
|  (Loss) Earnings Before Cumulative Effect of Change in Accounting Principle                                                                                                                                                                                                                                                                                          |    |  (7,325                                                            |  ) |   |  (132,497                                                          |  ) |   |  7,309                                                            |   |   |  18,890                                                           |   |    | 12,029  |   |
| Cumulative Effect of Change in Accounting Principle, net of tax (4)                                                                                                                                                                                                                                                                                                            |    | —                                                                 |    |   | —                                                                 |    |   | —                                                                |   |   | —                                                                |   |    | (151    | )      |
| Net (Loss) Earnings                                                                                                                                                                                                                                                                                                                                                            | $       | (7,325                                                                  | )       | $      | (132,497                                                                |  ) | $      |     7,309                                          |   | $      | 18,890                                                                 |   | $       | 11,878  |   |
|  Net (Loss) Earnings Attributable to Common Shareholders                                                                                                                                                                                                                                                                                                                  |    | (7,325                                                                  | )       |   | (132,497                                                                | )       |   | 7,092                                                                  |   |   | 18,350                                                                 |   |    | 11,599  |   |
|  Basic (Loss) Earnings Attributable to Common Shareholders Per Share Before Cumulative Effect of Change in Accounting Principle (5)                                                                                                                                                                                                                                  | $       |           (0.35       | )       | $      |           (6.34       | )       | $      |           0.30       |   | $      |           0.79       |   | $       | 0.52    |   |
| Cumulative Effect of Change in Accounting Principle, net of tax (4)                                                                                                                                                                                                                                                                                                            |    | —                                                                 |    |   | —                                                                 |    |   | —                                                                |   |   | —                                                                |   |    | (0.01   | )      |
| Basic (Loss) Earnings Attributable to Common Shareholders Per Share (5)                                                                                                                                                                                                                                                                                                        |  $ |            (0.35 |  ) | $      |            (6.34 |  ) | $      |            0.30 |   | $      |            0.79 |   |  $ | 0.51    |   |
|  Diluted (Loss) Earnings Attributable to Common Shareholders Per Share Before Cumulative Effect of Change in Accounting Principle (5)                                                                                                                                                                                                                                     | $       |           (0.35       | )       | $      |           (6.34       | )       | $      |           0.30       |   | $      |           0.78       |   | $       | 0.51    |   |
| Cumulative Effect of Change in Accounting Principle, net of tax (4)                                                                                                                                                                                                                                                                                                            |    | —                                                                 |    |   | —                                                                 |    |   | —                                                                |   |   | —                                                                |   |    | (0.01   | )      |
|  Diluted (Loss) Earnings Attributable to Common Shareholders Per Share (5)                                                                                                                                                                                                                                                                                                |  $ |            (0.35 |  ) | $      |            (6.34 |  ) | $      |            0.30 |   | $      |            0.78 |   |  $ | 0.50    |   |
| Balance Sheet Data (at end of period):                                                                                                                                                                                                                                                                                                                                         |    |                                                                    |    |   |                                                                    |    |   |                                                                   |   |   |                                                                   |   |    |    |   |
| Working capital deficit                                                                                                                                                                                                                                                                                                                                                        | $       | (16,944                                                                 | )       | $      | (31,883                                                                 | )       | $      | (21,145                                                                | )      | $      | (25,814                                                                | )      | $       | (22,270 | )      |
| Total assets                                                                                                                                                                                                                                                                                                                                                                   |    | 462,255                                                                 |    |   | 520,262                                                                 |    |   | 648,983                                                                |   |   | 688,638                                                                |   |    | 687,610 |   |
| Current portion of long-term debt and capitalized lease obligations                                                                                                                                                                                                                                                                                                            |    | 1,979                                                                   |    |   | 6,640                                                                   |    |   | 8,597                                                                  |   |   | 9,812                                                                  |   |    | 10,975  |   |
| Long-term debt and capitalized lease obligations, including current portion                                                                                                                                                                                                                                                                                               |    | 131,898                                                                 |    |   | 163,068                                                                 |    |   | 145,235                                                                |   |   | 154,357                                                                |   |    | 185,683 |   |
| Total shareholders’ equity                                                                                                                                                                                                                                                                                                                                               |    | 209,119                                                                 |    |   | 211,760                                                                 |    |   | 366,276                                                                |   |   | 381,499                                                                |   |    | 349,588 |   |
| Cash dividends per share                                                                                                                                                                                                                                                                                                                                                       | $       | —                                                                 |    | $      |        0.18                          |    | $      |       0.18                               |   | $      |  —                                                          |   | $       | — |   |

----

| (1)   | During 2009, we recorded impairment charges on eight O’Charley’s restaurants, ten Ninety Nine restaurants, and one Stoney River restaurant, of which one O’Charley’s and three Ninety Nine restaurants closed subsequent to the end of fiscal 2009.  The Company plans to close two additional Ninety Nine restaurants, while theremaining impaired restaurants are expected to remain open. We also recognized additional impairment charges on one Stoney River restaurant that was closed during fiscal 2009. As a result, we recorded a non-cash impairment charge of $11.4 million, including losses on disposal of assets, assets held for sale, and certain previously impaired restaurants. The current economic environment, reduced consumer spending, and current negative economic outlook have reduced our expected future cash flow. Therefore, we havereduced the carrying value of these restaurants to their fair value. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | In accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 350 “Intangibles – Goodwill and Other” (“FASB ASC 350”), in 2008 we recorded goodwill impairment charges of $93.1 million related to Ninety Nine restaurants and $0.6 million related to Stoney River restaurants,resulting in the write off of all of the goodwill on our balance sheet. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | For the fiscal year 2009, the income tax provision included additional valuation allowances of $6.5 million to offset the current year increase in deferred tax assets. For the fiscal year 2008, the income tax provision included a charge of $61.6 million to establish a valuation reserve for substantially all of our deferred tax assets. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | In 2005, we incurred an after-tax charge of $0.2 million, or $0.01 per basic and diluted share, which was recorded as a cumulative effect of a change in accounting principle for 2005 associated with the adoption of FASB ASC 410, “Asset Retirementand Environmental Obligations.” |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  (5)  | We adopted certain provisions of FASB ASC 260, “Earnings Per Share,” (“FASB ASC 260”), the first day of fiscal 2009, which require unvested share-based payments that entitle employees to receive non-forfeitable dividends to be considered participating securities as defined in FASB ASC 260 and for these participating securities to be includedin the two-class method of computing earnings per share. We have retrospectively applied the two-class method for the fiscal years presented in this Form 10-K. The adoption of the provisions of FASB ASC 260 reduced basic and diluted earnings per share by $0.01 in fiscal 2007, $0.02 in fiscal 2006 and $0.01 in fiscal 2005. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Item 7. | Management’s Discussion and Analysis of Financial Condition andResults of Operations. |
|---------|---------------------------------------------------------------------------------------------|

----

----

----

|                                                                                                                                                                                                                                                                                                                                                         |   | 2009   |    |   | 2008   |   |    | 2007   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|---------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                         |   |   |    |   |   |   |    |   |   |
| Revenues:                                                                                                                                                                                                                                                                                                                                                    |   |   |    |   |   |   |    |   |   |
|         Restaurant sales                                                                                                                                                                                                                                                                                             |   |   | 99.9    | %      |   |   | 99.9    | %      |   |   | 99.2 | % |
|         Commissary sales                                                                                                                                                                                                                                                                                             |   |   | — |   |   |   | — |   |   |   | 0.8 |   |
|         Franchise and other revenue                                                                                                                                                                                                                                                                                  |   |   | 0.1     |   |   |   | 0.1     |   |   |   | — |   |
|                                                                                                                                                                                                                                                                                                                                                         |   |   | 100.0   | %      |   |   | 100.0   | %      |   |   | 100.0 | % |
| Costs and Expenses:                                                                                                                                                                                                                                                                                                                                          |   |   |    |   |   |   |    |   |   |   |   |   |
|        Cost of restaurant sales: (1)                                                                                                                                                                                                                                                                                      |   |   |    |   |   |   |    |   |   |   |   |   |
|             Cost of food and beverage                                                                                                                                                                                                                                                            |   |   | 29.2    | %      |   |   | 29.7    | %      |   |   | 29.3 | % |
|             Payroll and benefits                                                                                                                                                                                                                                                                 |   |   | 35.4    |   |   |   | 35.0    |   |   |   | 34.2 |   |
|             Restaurant operating costs                                                                                                                                                                                                                                                           |   |   | 20.0    |   |   |   | 20.2    |   |   |   | 19.1 |   |
|        Cost of restaurant sales, exclusive of depreciation and                                    amortization shown separately below |   |   | 84.6    |   |   |   | 84.9    |   |   |   | 82.6 |   |
|                                                                                                                                                                                                                                                                                                                                                         |   |   |    |   |   |   |    |   |   |   |   |   |
|        Cost of commissary sales (2)                                                                                                                                                                                                                                                                                       |   |   | — |   |   |   | — |   |   |   | 0.8 |   |
|        Advertising and marketing expenses                                                                                                                                                                                                                                                                                 |   |   | 3.7     |   |   |   | 3.7     |   |   |   | 3.3 |   |
|        General and administrative expenses                                                                                                                                                                                                                                                                                |   |   | 4.4     |   |   |   | 4.8     |   |   |   | 5.0 |   |
|        Depreciation and amortization of  property and equipment                                                                                                                                                                                                                                                 |   |   | 5.4     |   |   |   | 5.5     |   |   |   | 5.2 |   |
|        Impairment, disposal, and restructuring charges, net                                                                                                                                                                                                                                                               |   |   | 1.3     |   |   |   | 1.8     |   |   |   | 1.7 |   |
|        Goodwill impairment                                                                                                                                                                                                                                                                                                |   |   | — |   |   |   | 10.1    |   |   |   | — |   |
|        Pre-opening costs                                                                                                                                                                                                                                                                                                  |   |   | 0.1     |   |   |   | 0.4     |   |   |   | 0.3 |   |
| Income (Loss) from Operations                                                                                                                                                                                                                                                                                                                                |   |   | 0.7     |   |   |   | (11.0   | )      |   |   | 1.8 |   |
| Other Expense:                                                                                                                                                                                                                                                                                                                                               |   |   |    |   |   |   |    |   |   |   |   |   |
|        Interest expense, net                                                                                                                                                                                                                                                                                              |   |   | 1.3     |   |   |   | 1.6     |   |   |   | 1.3 |   |
|  (Loss) Earnings Before Income Taxes                                                                                                                                                                                                                                                                                                                    |   |   | (0.6    | )      |   |   | (12.6   | )      |   |   | 0.6 |   |
| Income Tax Expense (Benefit)                                                                                                                                                                                                                                                                                                                                 |   |   | 0.2     |   |   |   | 1.6     |   |   |   | (0.2 | ) |
|  Net (Loss) Earnings                                                                                                                                                                                                                                                                                                                                    |   |   | (0.8    | )%     |   |   | (14.2   | )%     |   |   | 0.7 | % |

| (1) | Shown as a percentage of restaurant sales. |
|-----|--------------------------------------------|

| (2) | Cost of commissary sales as a percentage of commissary sales was 98.8 percent for fiscal year 2007. |
|-----|-----------------------------------------------------------------------------------------------------|

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | 2009            |   | 2008   |   | 2007   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------|--------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | ($ in millions) |
| O’Charley’s Concept: (1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |            |   |   |   |   |
| Restaurant Sales:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | $               | 565.2  |   | $      | 593.9  |   | $ | 618.2 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |            |   |   |   |   |   |   |   |   |
| Cost and expenses (2)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |            |   |   |   |   |   |   |   |   |
| Cost of food and beverage                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |            | 29.1   | %      |   | 29.4   | % |   | 29.1 | % |
| Payroll and benefits                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |            | 35.3   | %      |   | 34.9   | % |   | 34.1 | % |
| Restaurant operating costs (3)                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |            | 19.0   | %      |   | 19.5   | % |   | 18.6 | % |
|                         Costs of restaurant sales, exclusive of depreciation and                                         amortization                            |   |            | 83.4   | %      |   | 83.8   | % |   | 81.8 | % |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |            |   |   |   |   |   |   |   |   |
| Ninety Nine Concept:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |            |   |   |   |   |   |   |   |   |
| Restaurant Sales:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | $               | 281.8  |   | $      | 299.5  |   | $ | 311.3 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |            |   |   |   |   |   |   |   |   |
| Cost and expenses (2)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |            |   |   |   |   |   |   |   |   |
| Cost of food and beverage                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |            | 28.6   | %      |   | 29.1   | % |   | 28.7 | % |
| Payroll and benefits                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |            | 36.5   | %      |   | 36.1   | % |   | 35.4 | % |
| Restaurant operating costs (3)                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |            | 21.6   | %      |   | 21.8   | % |   | 20.1 | % |
|                        Costs of restaurant sales, exclusive of depreciation and                                        amortization                                        |   |            | 86.7   | %      |   | 87.0   | % |   | 84.2 | % |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |            |   |   |   |   |   |   |   |   |
| Stoney River Concept:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |            |   |   |   |   |   |   |   |   |
| Restaurant Sales:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | $               | 32.9   |   | $      | 37.0   |   | $ | 40.0 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |            |   |   |   |   |   |   |   |   |
| Cost and expenses (2)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |            |   |   |   |   |   |   |   |   |
| Cost of food and beverage                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |            | 36.2   | %      |   | 37.9   | % |   | 37.5 | % |
| Payroll and benefits                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |            | 29.3   | %      |   | 28.7   | % |   | 27.4 | % |
| Restaurant operating costs (3)                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |            | 20.7   | %      |   | 18.6   | % |   | 17.0 | % |
|                        Costs of restaurant sales, exclusive of depreciation and                          amortization                                                                                                                            |   |            | 86.2   | %      |   | 85.2   | % |   | 81.9 | % |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |            |   |   |   |   |   |   |   |   |
| (1) Includes revenue from O’Charley’s joint venture operations of $5.4 million, $7.8 million and $8.9 million for fiscal years ended 2009, 2008 and 2007, respectively, and associated costs and expenses, but excludes revenuefrom franchised restaurants. During 2009,  we acquired the remaining interests of both our joint venture operations. See Note 22 of the notes to the consolidated financial statements for further discussion relating to this matter. |   |
| (2) Shown as a percentage of restaurant sales.                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |
| (3) Includes rent, where 100 percent of the Ninety Nine restaurant locations are leased as compared to 58 percent for O’Charley’s and 73 percent for Stoney River.                                                                                                                                                                                                                                                                                                                   |   |

----

|                                                             |   | 2009   |    | 2008   |   | 2007    |   |
|------------------------------------------------------------------|--------|--------|---------|--------|--------|---------|--------|
| Number of Restaurants:                                           |   |   |    |   |   |    |   |
| O’Charley’s Restaurants: (1)                         |   |   |    |   |   |    |   |
| In operation, beginning of year                                  |   |   | 232     |   |   | 229     |   |   | 227 |   |
| Restaurants opened/acquired (2)                                  |   |   | 3       |   |   | 4       |   |   | 5 |   |
| Restaurants closed                                               |   |   | — |   |   | (1      | )      |   | (3 | ) |
| In operation, end of year                                        |   |   | 235     |   |   | 232     |   |   | 229 |   |
| Ninety Nine Restaurants:                                         |   |   |    |   |   |    |   |   |   |   |
| In operation, beginning of year                                  |   |   | 116     |   |   | 115     |   |   | 114 |   |
| Restaurants opened                                               |   |   | 1       |   |   | 2       |   |   | 2 |   |
| Restaurants closed                                               |   |   | (1      | )      |   | (1      | )      |   | (1 | ) |
| In operation, end of year                                        |   |   | 116     |   |   | 116     |   |   | 115 |   |
| Stoney River Restaurants:                                        |   |   |    |   |   |    |   |   |   |   |
| In operation, beginning of year                                  |   |   | 11      |   |   | 10      |   |   | 10 |   |
| Restaurants opened                                               |   |   | 1       |   |   | 1       |   |   | — |   |
| Restaurants closed                                               |   |   | (1      | )      |   | — |   |   | — |   |
| In operation, end of year                                        |   |   | 11      |   |   | 11      |   |   | 10 |   |
| Franchise / Joint Venture Restaurants (O’Charley’s): |   |   |    |   |   |    |   |   |   |   |
| In operation, beginning of year                                  |   |   | 12      |   |   | 11      |   |   | 10 |   |
| Restaurants opened                                               |   |   | 2       |   |   | 1       |   |   | 3 |   |
| Restaurants closed/ acquired (2)                                 |   |   | (4      | )      |   | — |   |   | (2 | ) |
| In operation, end of year                                        |   |   | 10      |   |   | 12      |   |   | 11 |   |
| Average Weekly Sales per Store:                                  |   |   |    |   |   |    |   |   |   |   |
| O’Charley’s                                          |   | $      | 46,189  |   | $      | 49,101  |   | $ | 51,144 |   |
| Ninety Nine                                                      |   |   | 46,734  |   |   | 49,922  |   |   | 52,629 |   |
| Stoney River                                                     |   |   | 59,456  |   |   | 70,018  |   |   | 76,883 |   |
| (Decrease) Increase in Same Store Sales (3):                     |   |   |    |   |   |    |   |   |   |   |
| O’Charley’s                                          |   |   | (5.8    | )%     |   | (4.1    | )%     |   | (2.3 | )% |
| Ninety Nine                                                      |   |   | (6.8    | )%     |   | (5.2    | )%     |   | 0.9 | % |
| Stoney River                                                     |   |   | (16.4   | )%     |   | (9.1    | )%     |   | (1.3 | )% |
| Decrease in Same Store Guest Visits (3):                         |   |   |    |   |   |    |   |   |   |   |
| O’Charley’s                                          |   |   | (4.8    | )%     |   | (6.6    | )%     |   | (6.8 | )% |
| Ninety Nine                                                      |   |   | (4.7    | )%     |   | (7.4    | )%     |   | (2.9 | )% |
| Stoney River                                                     |   |   | (4.7    | )%     |   | (14.5   | )%     |   | (8.0 | )% |
| (Decrease) Increase in Same Store Average Check per Guest (3):   |   |   |    |   |   |    |   |   |   |   |
| O’Charley’s                                          |   |   | (1.1    | )%     |   | 2.7     | %      |   | 4.8 | % |
| Ninety Nine                                                      |   |   | (2.2    | )%     |   | 2.4     | %      |   | 3.9 | % |
| Stoney River                                                     |   |   | (12.3   | )%     |   | 6.3     | %      |   | 7.2 | % |
| Average Check per Guest (4):                                     |   |   |    |   |   |    |   |   |   |   |
| O’Charley’s                                          |   | $      | 12.85   |   | $      | 12.99   |   | $ | 12.65 |   |
| Ninety Nine                                                      |   |   | 14.61   |   |   | 14.97   |   |   | 14.64 |   |
| Stoney River                                                     |   |   | 41.20   |   |   | 47.72   |   |   | 44.62 |   |
|                                                             |   |   |    |   |   |    |   |   |   |   |

| (1) | “O’Charley’s Restaurants” refers to O’Charley’s company-operated restaurants only. |
|-----|------------------------------------------------------------------------------------------------------------------------|

| (2) | Represents the acquisition of the remaining ownership interests in our Wi-Tenn Restaurants, LLC joint venture on June 2, 2009 and JFC Enterprises, LLC joint venture on September 28, 2009.  See Note 22 of the notes to the consolidated financial statements for further discussion relating to this matter. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | When computing same store sales, guest visits and average check per guest, restaurants open for at least 78 weeks are compared from period to period for company-owned restaurants. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | The average check per guest is computed using all restaurants open during the year. |
|-----|-------------------------------------------------------------------------------------|

----

| Fiscal Year 2009 Compared with Fiscal Year 2008 |
|-------------------------------------------------|

----

----

----

----

|                                                 |   | 2009   |    |   | 2008   |   |    | 2007   |   |
|------------------------------------------------------|--------|--------|---------|--------|--------|--------|---------|--------|--------|
| Net cash provided by operating activities            |   | $      | 48,392  |   |   | $      | 54,336  |   |   | $ | 65,651 |   |
| Net cash used in investing activities                |   |   | (6,648  | )      |   |   | (43,113 | )      |   |   | (37,158 | ) |
| Net cash used in financing activities                |   |   | (26,682 | )      |   |   | (14,387 | )      |   |   | (38,434 | ) |
| Net increase (decrease) in cash and cash equivalents |   | $      | 15,062  |   |   | $      | (3,164  | )      |   | $ | (9,941 | ) |

----

|                                |         | Year Ended     |         |
|-------------------------------------|--------------|----------------|--------------|
|                                | December 27, |           | December 28, |   |   | December 30, |   |
|                                |         | 2009           |         |   | 2008 |   |   | 2007 |   |
|                                |         | (in thousands) |         |
| New restaurant capital expenditures |         | $              | 3,053        |   |   | $ | 18,572 |   | $ | 18,542 |   |
| Re-branding capital expenditures    |         |           | —      |   |   |   | 18,223 |   |   | 17,943 |   |
| Other capital expenditures          |         |           | 11,611       |   |   |   | 10,605 |   |   | 15,514 |   |
| Total capital expenditures          |         | $              | 14,664       |   |   | $ | 47,400 |   | $ | 51,998 |   |

|                                                 |   |   |    | Payments Due by Period |   |
|------------------------------------------------------|--------|--------|---------|------------------------|--------|
|                                                 |   |   |    | Less                   |   |   |   |   |   |   | More |   |
|                                                 |   |   |    | than                   |   |   |   |   |   |   | than |   |
|  Contractual Obligation                         |   | Total  |    | 1 Yr                   |   | 1-3 Yrs |   | 3-5 Yrs |   |   | 5 Years |   |
|                                                 |   |   |    |                   |   |   |   |   |   |   |   |   |
| Long-term debt, excluding  credit facility |   | $      | 125,689 |                   | $      | 338 |   | $ | 351 |   | $ | 125,000 |   |   | $ | — |   |
| Long-term debt interest (1)                          |   |   | 42,269  |                   |   | 10,558 |   |   | 21,078 |   |   | 10,633 |   |   |   | — |   |
| Capitalized lease obligations (2)                    |   |   | 3,603   |                   |   | 1,763 |   |   | 1,840 |   |   | — |   |   |   | — |   |
| Operating leases                                     |   |   | 372,452 |                   |   | 33,033 |   |   | 65,217 |   |   | 64,202 |   |   |   | 210,000 |   |
| Uncertain tax positions                              |   |   | 3,289   |                   |   | — |   |   | 1,590 |   |   | 1,699 |   |   |   | — |   |
| Unconditional purchase obligations (3)               |   |   | 275,599 |                   |   | 68,319 |   |   | 143,371 |   |   | 54,226 |   |   |   | 9,683 |   |
| Total contractual obligations                        |   | $      | 822,901 |                   | $      | 114,011 |   | $ | 233,447 |   | $ | 255,760 |   |   | $ | 219,683 |   |

----

|                         |            |   | Amount of Commitment Expiration per Period |   |
|------------------------------|-----------------|--------|--------------------------------------------|--------|
| Other Commercial Commitments | Total Committed |   | LessThan 1 Yr                         |   | 1-3 Yrs |   | 3-5 Yrs |   | MoreThan 5 Years |   |
|                         |            |   |                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Line of credit (4)           |            | $      | 83,000                                     |   |   | $ | — |   |   | $ | 83,000 |   |   | $ | — |   |   | $ | — |   |

| (1) | This interest primarily relates to our $125 million senior subordinated notes with stated interest rate of 9 percent. In December 2008, the counterparties to our swap agreements exercised their right to exit the agreement in exchange for a $3.5 million payment of the remaining swap value.  In accordance with generally accepted accounting principles (“GAAP”), the $3.5 million will be recognizedover the life of the senior subordinated notes. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Capitalized lease obligations include a $0.2 million interest component. |
|-----|--------------------------------------------------------------------------|

| (3) | These purchase obligations are primarily food obligations with fixed commitments in regards to the time period of the contract with annual price adjustments that can fluctuate and a fixed beverage contract with an annual price adjustment. In situations where the price is based on market prices, we use the existing market prices at December 27, 2009 to determine the amount of the obligation. Total unconditional purchaseobligations shown are based on variable pricing that is adjusted annually. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | This pertains to the credit facility that existed at December 27, 2009.  At December 27, 2009, we had no amounts outstanding on this credit facility.  We had $14.3 million of outstanding letters of credit as of December 27, 2009. As of December 27, 2009, we had $68.7 million remaining borrowing capacity under our credit facility. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Joint Ventures and Franchise Arrangements |
|-------------------------------------------|

----

|   | • | Lease accounting |
|--------|---------|------------------|

|   | • | Share-based compensation |
|--------|---------|--------------------------|

|   | • | Property and equipment |
|--------|---------|------------------------|

|   | • | Trademarks |
|--------|---------|------------|

|   | • | Impairment of long-lived assets |
|--------|---------|---------------------------------|

|   | • | Income taxes |
|--------|---------|--------------|

----

----

----

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|                                                                                                                                                                  | Page |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|------|
| Report of Independent Registered Public Accounting Firm (Consolidated Financial Statements)                                                                           | 40   |
| Consolidated Balance Sheets at December 27, 2009 and December 28, 2008                                                                                                | 41   |
| Consolidated Statements of Operations for the Years Ended December 27, 2009, December 28, 2008, and December 30, 2007                                                 | 42   |
| Consolidated Statements of Shareholders’ Equity and Comprehensive Income (Loss) for the Years Ended December 27, 2009, December 28, 2008, and December 30, 2007 | 43   |
| Consolidated Statements of Cash Flows for the Years Ended December 27, 2009, December 28, 2008, and December 30, 2007                                                 | 44   |
| Notes to the Consolidated Financial Statements                                                                                                                        | 45   |
| Report of Independent Registered Public Accounting Firm (Internal Control Over Financial Reporting)                                                                   | 74   |

----

----

|                                                                                                                                                                                                                                   |   | December 27, |                                                                           | December 28, |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------|--------------------------------------------------------------------------------|--------------|
|                                                                                                                                                                                                                                   |   | 2009         |                                                                           |         | 2008 |   |
|                                                                                                                                                                                                                                   |   |         | (in thousands)                                                                 |         |
| ASSETS                                                                                                                                                                                                                                 |   |         |                                                                           |         |   |   |   |   |
| Current Assets:                                                                                                                                                                                                                        |   |         |                                                                           |         |   |   |   |   |
|     Cash and cash equivalents                                                                                                                                                                                      |   | $            |             21,880 |         |   | $ |             6,818 |   |
|     Trade accounts receivable, less allowance for doubtful accounts of $148 in 2009              and $19 in 2008                             |   |         | 17,209                                                                         |         |   |   | 22,880 |   |
|     Inventories                                                                                                                                                                                                    |   |         | 10,594                                                                         |         |   |   | 23,788 |   |
|     Deferred income taxes                                                                                                                                                                                          |   |         | —                                                                        |         |   |   | 894 |   |
|     Assets held for sale                                                                                                                                                                                           |   |         | 1,937                                                                          |         |   |   | 2,158 |   |
|     Other current assets                                                                                                                                                                                           |   |         | 4,434                                                                          |         |   |   | 6,978 |   |
|           Total current assets                                                                                                                                                       |   |         | 56,054                                                                         |         |   |   | 63,516 |   |
|                                                                                                                                                                                                                                   |   |         |                                                                           |         |   |   |   |   |
| Property and equipment, net of accumulated depreciation of $356,818 and $328,626                                                                                                                                                       |   |         | 366,850                                                                        |         |   |   | 412,289 |   |
| Trade names and other intangible assets                                                                                                                                                                                                |   |         | 25,946                                                                         |         |   |   | 25,946 |   |
| Other assets                                                                                                                                                                                                                           |   |         | 13,405                                                                         |         |   |   | 18,511 |   |
| Total Assets                                                                                                                                                                                                                           |   | $            | 462,255                                                                        |         |   | $ | 520,262 |   |
|  LIABILITIES AND SHAREHOLDERS’ EQUITY                                                                                                                                                                                       |   |         |                                                                           |         |   |   |   |   |
| Current Liabilities:                                                                                                                                                                                                                   |   |         |                                                                           |         |   |   |   |   |
|      Trade accounts payable                                                                                                                                                                                   |   | $            |             5,101  |         |   | $ |             16,466 |   |
|      Accrued payroll and related expenses                                                                                                                                                                     |   |         | 16,044                                                                         |         |   |   | 17,102 |   |
|      Accrued expenses                                                                                                                                                                                         |   |         | 21,446                                                                         |         |   |   | 26,348 |   |
|      Deferred revenue                                                                                                                                                                                         |   |         | 17,969                                                                         |         |   |   | 18,112 |   |
|      Federal, state and local taxes                                                                                                                                                                           |   |         | 10,459                                                                         |         |   |   | 10,731 |   |
|      Current portion of long-term debt and capitalized lease obligations                                                                                                                                      |   |         | 1,979                                                                          |         |   |   | 6,640 |   |
|           Total current liabilities                                                                                                                                                  |   |         | 72,998                                                                         |         |   |   | 95,399 |   |
|                                                                                                                                                                                                                                   |   |         |                                                                           |         |   |   |   |   |
| Deferred income taxes                                                                                                                                                                                                                  |   |         | 1,386                                                                          |         |   |   | 3,109 |   |
| Other liabilities                                                                                                                                                                                                                      |   |         | 48,833                                                                         |         |   |   | 53,566 |   |
| Long-term debt, less current portion                                                                                                                                                                                                   |   |         | 128,121                                                                        |         |   |   | 152,989 |   |
| Capitalized lease obligations, less current portion                                                                                                                                                                                    |   |         | 1,798                                                                          |         |   |   | 3,439 |   |
|                                                                                                                                                                                                                                   |   |         |                                                                           |         |   |   |   |   |
| Shareholders’ Equity:                                                                                                                                                                                                            |   |         |                                                                           |         |   |   |   |   |
|      Common stock—No par value; authorized, 50,000 shares; issued and outstanding,              21,547 in 2009 and 21,303 in 2008 |   |         | 161,514                                                                        |         |   |   | 156,830 |   |
|      Retained earnings                                                                                                                                                                                        |   |         | 47,605                                                                         |         |   |   | 54,930 |   |
|           Total shareholders’ equity                                                                                                                                           |   |         | 209,119                                                                        |         |   |   | 211,760 |   |
| Total Liabilities and Shareholders’ Equity                                                                                                                                                                                       |   | $            | 462,255                                                                        |         |   | $ | 520,262 |   |

----

|                                                                                                                                                                                                                                                                                                                                                   |   |                                  |         |         |   |      |   |   |    |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------|--------------|--------------|--------|-----------|--------|--------|---------|--------|
|                                                                                                                                                                                                                                                                                                                                                   |   | Year Ended                            |
|                                                                                                                                                                                                                                                                                                                                                   |   | December 27,                          | December 28, | December 30, |
|                                                                                                                                                                                                                                                                                                                                                   |   | 2009                                  | 2008         | 2007         |
|                                                                                                                                                                                                                                                                                                                                                   |   | (in thousands, except per share data) |         |
| Revenues:                                                                                                                                                                                                                                                                                                                                              |   |                                  |         |         |   |      |   |   |    |   |
|        Restaurant sales                                                                                                                                                                                                                                                                                             |   | $                                     | 879,909      |         | $      | 930,317   |   | $      | 969,497 |   |
|        Commissary sales                                                                                                                                                                                                                                                                                             |   |                                  | —      |         |   | —   |   |   | 7,783   |   |
|        Franchise and other revenue                                                                                                                                                                                                                                                                                  |   |                                  | 931          |         |   | 843       |   |   | 472     |   |
|                                                                                                                                                                                                                                                                                                                                                   |   |                                  | 880,840      |         |   | 931,160   |   |   | 977,752 |   |
|                                                                                                                                                                                                                                                                                                                                                   |   |                                  |         |         |   |      |   |   |    |   |
| Costs and Expenses:                                                                                                                                                                                                                                                                                                                                    |   |                                  |         |         |   |      |   |   |    |   |
|        Cost of restaurant sales:                                                                                                                                                                                                                                                                                    |   |                                  |         |         |   |      |   |   |    |   |
|            Cost of food and beverage                                                                                                                                                                                                                                                            |   |                                  | 256,823      |         |   | 276,005   |   |   | 284,099 |   |
|            Payroll and benefits                                                                                                                                                                                                                                                                 |   |                                  | 311,795      |         |   | 325,996   |   |   | 331,644 |   |
|            Restaurant operating costs                                                                                                                                                                                                                                                           |   |                                  | 175,544      |         |   | 187,966   |   |   | 184,791 |   |
|                  Cost of restaurant sales, exclusive of depreciation and                         amortization shown separately below |   |                                  | 744,162      |         |   | 789,967   |   |   | 800,534 |   |
|                                                                                                                                                                                                                                                                                                                                                   |   |                                  |         |         |   |      |   |   |    |   |
|        Cost of commissary sales                                                                                                                                                                                                                                                                                     |   |                                  | —      |         |   | —   |   |   | 7,700   |   |
|        Advertising and marketing expenses                                                                                                                                                                                                                                                                           |   |                                  | 32,718       |         |   | 34,257    |   |   | 32,537  |   |
|        General and administrative expenses                                                                                                                                                                                                                                                                          |   |                                  | 38,343       |         |   | 44,292    |   |   | 48,670  |   |
|        Depreciation and amortization of property and equipment                                                                                                                                                                                                                                                      |   |                                  | 47,283       |         |   | 50,776    |   |   | 50,882  |   |
|        Impairment, disposal and restructuring charges, net                                                                                                                                                                                                                                                          |   |                                  | 11,355       |         |   | 16,989    |   |   | 16,537  |   |
|        Goodwill impairment                                                                                                                                                                                                                                                                                          |   |                                  | —      |         |   | 93,656    |   |   | — |   |
|        Pre-opening costs                                                                                                                                                                                                                                                                                            |   |                                  | 597          |         |   | 3,921     |   |   | 3,065   |   |
|                                                                                                                                                                                                                                                                                                                                                   |   |                                  | 874,458      |         |   | 1,033,858 |   |   | 959,925 |   |
| Income (Loss) from Operations                                                                                                                                                                                                                                                                                                                          |   |                                  | 6,382        |         |   | (102,698  | )      |   | 17,827  |   |
| Other Expense  (Income):                                                                                                                                                                                                                                                                                                                     |   |                                  |         |         |   |      |   |   |    |   |
|        Interest expense, net                                                                                                                                                                                                                                                                                        |   |                                  | 11,628       |         |   | 14,966    |   |   | 12,329  |   |
|        Other, net                                                                                                                                                                                                                                                                                                   |   |                                  | (68          | )            |   | 10        |   |   | (87     | )      |
|                                                                                                                                                                                                                                                                                                                                                   |   |                                  | 11,560       |         |   | 14,976    |   |   | 12,242  |   |
| (Loss) Earnings Before Income Taxes                                                                                                                                                                                                                                                                                                                    |   |                                  | (5,178       | )            |   | (117,674  | )      |   | 5,585   |   |
| Income Tax Expense (Benefit)                                                                                                                                                                                                                                                                                                                           |   |                                  | 2,147        |         |   | 14,823    |   |   | (1,724  | )      |
| Net (Loss) Earnings                                                                                                                                                                                                                                                                                                                                    |   | $                                     | (7,325       | )            | $      | (132,497  | )      | $      | 7,309   |   |
| Net (Loss) Earnings Attributable to Common Shareholders                                                                                                                                                                                                                                                                                                |   |                                  | (7,325       | )            |   | (132,497  | )      |   | 7,092   |   |
|                                                                                                                                                                                                                                                                                                                                                   |   |                                  |         |         |   |      |   |   |    |   |
| Basic (Loss) Earnings Attributable to Common Shareholders Per Share                                                                                                                                                                                                                                                                                    |   | $                                     | (0.35        | )            | $      | (6.34     | )      | $      | 0.30    |   |
|                                                                                                                                                                                                                                                                                                                                                   |   |                                  |         |         |   |      |   |   |    |   |
| Diluted (Loss) Earnings Attributable to Common Shareholders Per Share                                                                                                                                                                                                                                                                                  |   | $                                     | (0.35        | )            | $      | (6.34     | )      | $      | 0.30    |   |

----

|                                                                      |   |           |    |   |              |   |    |   |   |   |     |   |
|---------------------------------------------------------------------------|--------|----------------|---------|--------|-------------------|--------|---------|--------|--------|--------|----------|--------|
|                                                                      |   | Common Stock   |    |   | Retained Earnings |   |    |   |   |
|                                                                      |   | Shares         |    |   | Amount            |   |    | Total  |   |
|                                                                      |   | (In thousands) |    |
| Balance, December 31, 2006                                                |   |           | 24,492  |   |              | $      | 193,690 |   |   | $      | 187,809  |   |   | $ | 381,499 |   |
| Comprehensive income:                                                     |   |           |    |   |              |   |    |   |   |   |     |   |   |   |   |   |
|      Net earnings                                |   |           | — |   |              |   | — |   |   |   | 7,309    |   |   |   | 7,309 |   |
| Shares tendered for minimum tax withholdings                              |   |           | (38     | )      |              |   | (738    | )      |   |   | —  |   |   |   | (738 | ) |
| Cumulative effect of change in accounting for uncertainty in income taxes |   |           | — |   |              |   | 998     |   |   |   | 401      |   |   |   | 1,399 |   |
| Exercise of employee stock options, including tax benefits           |   |           | 299     |   |              |   | 5,695   |   |   |   | —  |   |   |   | 5,695 |   |
| Shares issued under CHUX Ownership Plan                                   |   |           | 92      |   |              |   | 1,304   |   |   |   | —  |   |   |   | 1,304 |   |
| Dividends paid ($0.18 per share)                                          |   |           | — |   |              |   | — |   |   |   | (4,228   | )      |   |   | (4,228 | ) |
| Shares repurchased                                                        |   |           | (1,853  | )      |              |   | (30,000 | )      |   |   | —  |   |   |   | (30,000 | ) |
| Share-based compensation expense                                          |   |           | 156     |   |              |   | 4,036   |   |   |   | —  |   |   |   | 4,036 |   |
| Balance, December 30, 2007                                           |   |           | 23,148  |   |              |   | 174,985 |   |   |   | 191,291  |   |   |   | 366,276 |   |
| Comprehensive loss:                                                       |   |           |    |   |              |   |    |   |   |   |     |   |   |   |   |   |
|      Net loss                                    |   |           | — |   |              |   | — |   |   |   | (132,497 | )      |   |   | (132,497 | ) |
| Shares tendered for minimum tax withholdings                              |   |           | (56     | )      |              |   | (583    | )      |   |   | —  |   |   |   | (583 | ) |
| Exercise of employee stock options, including tax benefits           |   |           | 5       |   |              |   | 243     |   |   |   | —  |   |   |   | 243 |   |
| Shares issued under CHUX Ownership Plan                                   |   |           | 120     |   |              |   | 1,043   |   |   |   | —  |   |   |   | 1,043 |   |
| Dividends paid ($0.18 per share)                                          |   |           | — |   |              |   | — |   |   |   | (3,864   | )      |   |   | (3,864 | ) |
| Shares repurchased                                                        |   |           | (2,185  | )      |              |   | (24,775 | )      |   |   | —  |   |   |   | (24,775 | ) |
| Share-based compensation expense                                          |   |           | 271     |   |              |   | 5,917   |   |   |   | —  |   |   |   | 5,917 |   |
| Balance, December 28, 2008                                           |   |           | 21,303  |   |              |   | 156,830 |   |   |   | 54,930   |   |   |   | 211,760 |   |
| Comprehensive loss:                                                       |   |           |    |   |              |   |    |   |   |   |     |   |   |   |   |   |
|      Net loss                                    |   |           | — |   |              |   | — |   |   |   | (7,325   | )      |   |   | (7,325 | ) |
| Noncontrolling interest, net                                              |   |           | — |   |              |   | (384    | )      |   |   | —  |   |   |   | (384 | ) |
| Shares tendered for minimum tax withholdings                              |   |           | (51     | )      |              |   | (220    | )      |   |   | —  |   |   |   | (220 | ) |
| Shares issued under CHUX Ownership Plan                                   |   |           | 229     |   |              |   | 799     |   |   |   | —  |   |   |   | 799 |   |
| Share-based compensation expense                                          |   |           | 66      |   |              |   | 4,489   |   |   |   | —  |   |   |   | 4,489 |   |
| Balance, December 27, 2009                                           |   |           | 21,547  |   |              | $      | 161,514 |   |   | $      | 47,605   |   |   | $ | 209,119 |   |

----

|                                                                                                                        |   | Year Ended     |    |
|-----------------------------------------------------------------------------------------------------------------------------|--------|----------------|---------|
|                                                                                                                        |   | December 27,   |    |   | December 28, |   |   | December 30, |   |
|                                                                                                                        |   | 2009           |    |   | 2008 |   |   | 2007 |   |
|                                                                                                                        |   | (in thousands) |    |
| Cash Flows from Operating Activities:                                                                                       |   |           |    |   |   |   |   |   |   |
| Net (loss) earnings                                                                                                         |   | $              | (7,325  | ) |   | $ | (132,497 | ) |   | $ | 7,309 |   |
| Adjustments to reconcile net (loss) earnings to net cash provided by operating activities:                                  |   |           |    |   |   |   |   |   |   |   |   |   |
|      Depreciation and amortization of property and equipment                                       |   |           | 47,283  |   |   |   | 50,776 |   |   |   | 50,882 |   |
|      Amortization of debt issuance costs and swap termination payments, net                        |   |           | 282     |   |   |   | 1,326 |   |   |   | 870 |   |
|      Deferred income taxes and other income tax related items                                      |   |           | (638    | ) |   |   | 22,666 |   |   |   | (7,760 | ) |
|      Share-based compensation                                                                      |   |           | 4,489   |   |   |   | 5,917 |   |   |   | 4,036 |   |
|      Amortization of deferred gain on sale-leasebacks                                              |   |           | (1,056  | ) |   |   | (1,056 | ) |   |   | (1,056 | ) |
|      Loss on the sale assets                                                                  |   |           | 129     |   |   |   | 59 |   |   |   | 199 |   |
|      Goodwill impairment                                                                           |   |           | — |   |   |   | 93,656 |   |   |   | — |   |
|      Impairment, disposal and restructuring charges, net                                           |   |           | 10,975  |   |   |   | 16,888 |   |   |   | 13,982 |   |
| Noncontrolling interests                                                                                                    |   |           | (83     | ) |   |   | — |   |   |   | (77 | ) |
|      Changes in assets and liabilities:                                                            |   |           |    |   |   |   |   |   |   |   |   |   |
|             Trade accounts and other receivables                |   |           | 2,161   |   |   |   | (2,040 | ) |   |   | (2,449 | ) |
|             Inventories                                         |   |           | 6,836   |   |   |   | (5,406 | ) |   |   | 12,310 |   |
|             Other current assets                                |   |           | 2,544   |   |   |   | (3,378 | ) |   |   | 1,374 |   |
|             Trade accounts payable                              |   |           | (11,365 | ) |   |   | 5,658 |   |   |   | (6,740 | ) |
|             Deferred revenue                                    |   |           | (144    | ) |   |   | 304 |   |   |   | (1,956 | ) |
|         Accrued payroll, accrued expenses, and federal, state and local taxes       |   |           | (6,423  | ) |   |   | 4,374 |   |   |   | (9,176 | ) |
|             Other long-term assets and liabilities              |   |           | 727     |   |   |   | (2,911 | ) |   |   | 3,903 |   |
| Net cash provided by operating activities                                                                                   |   |           | 48,392  |   |   |   | 54,336 |   |   |   | 65,651 |   |
| Cash Flows from Investing Activities:                                                                                       |   |           |    |   |   |   |   |   |   |   |   |   |
| Additions to property and equipment                                                                                         |   |           | (14,664 | ) |   |   | (47,400 | ) |   |   | (51,998 | ) |
| Proceeds from the sale of assets                                                                                            |   |           | 7,971   |   |   |   | 4,184 |   |   |   | 14,694 |   |
| Other, net                                                                                                                  |   |           | 45      |   |   |   | 103 |   |   |   | 146 |   |
| Net cash used in investing activities                                                                                       |   |           | (6,648  | ) |   |   | (43,113 | ) |   |   | (37,158 | ) |
| Cash Flows from Financing Activities:                                                                                       |   |           |    |   |   |   |   |   |   |   |   |   |
| Proceeds from long-term debt                                                                                                |   |           | — |   |   |   | 23,812 |   |   |   | — |   |
| Payments on long-term debt and capitalized lease obligations                                                                |   |           | (30,452 | ) |   |   | (9,509 | ) |   |   | (10,415 | ) |
| Payments to noncontrolling interests                                                                                        |   |           | (300    | ) |   |   | — |   |   |   | — |   |
| Dividends paid                                                                                                              |   |           | — |   |   |   | (3,864 | ) |   |   | (4,228 | ) |
| Shares repurchased                                                                                                          |   |           | — |   |   |   | (24,775 | ) |   |   | (30,000 | ) |
| Proceeds from the exercise of stock options and issuances under CHUX     Ownership  Plan |   |           | 799     |   |   |   | 1,109 |   |   |   | 6,262 |   |
| Proceeds from swap cancellation                                                                                             |   |           | 3,510   |   |   |   | — |   |   |   | — |   |
| Excess tax benefit from share-based payments                                                                                |   |           | — |   |   |   | 177 |   |   |   | 737 |   |
| Shares tendered and retired for minimum tax withholdings                                                                    |   |           | (220    | ) |   |   | (583 | ) |   |   | (738 | ) |
| Debt issuance costs                                                                                                         |   |           | (19     | ) |   |   | (891 | ) |   |   | (52 | ) |
| Other financing activities                                                                                                  |   |           | — |   |   |   | 137 |   |   |   | — |   |
| Net cash used in financing activities                                                                                       |   |           | (26,682 | ) |   |   | (14,387 | ) |   |   | (38,434 | ) |
| Increase (decrease) in cash and cash equivalents                                                                            |   |           | 15,062  |   |   |   | (3,164 | ) |   |   | (9,941 | ) |
| Cash and cash equivalents at beginning of the year                                                                          |   |           | 6,818   |   |   |   | 9,982 |   |   |   | 19,923 |   |
| Cash and cash equivalents at end of the year                                                                                |   | $              | 21,880  |   |   | $ | 6,818 |   |   | $ | 9,982 |   |

----

----

----

----

|                                           |    |  2008   |    |    |  2007    |    |    |  2006    |    |
|------------------------------------------------|---------|--------------|---------|---------|---------------|---------|---------|---------------|---------|
|                                           |    |         |    |    |          |    |    |          |    |
|  Retained Earnings:                       |    |         |    |    |          |    |    |          |    |
|     As previously reported |  $ |  54,180 |    |  $ |  190,541 |    |  $ |  187,136 |    |
|     Adjustments            |    |  750    |    |    |  750     |    |    |  673     |    |
|     As adjusted            |  $ |  54,930 |    |  $ |  191,291 |    |  $ |  187,809 |    |
|                                           |    |         |    |    |          |    |    |          |    |
|  Other Liabilities:                       |    |         |    |    |          |    |    |          |    |
|     As previously reported |  $ |  54,316 |    |  $ |  59,832  |    |  $ |  52,924  |    |
|     Adjustments            |    |  (750   |  ) |    |  (750    |  ) |    |  (673    |  ) |
|     As adjusted            |  $ |  53,566 |    |  $ |  59,082  |    |  $ |  52,251  |    |

----

|                              |   | Fair Value Measurement |   |
|-----------------------------------|--------|------------------------|--------|
| Description                       |   | Level                  |   |   | 2009 |   |   | 2008 |   |
|                              |   |                   |   |   |   |   |   |   |   |
| Deferred compensation plan assets |   |                   | 1      |   |   | $ | 4,644 |   |   | $ | 6,033 |   |

|                                  |    | Fair Value Measurement at Reporting Date Using |   |
|---------------------------------------|---------|------------------------------------------------|--------|
|                                  |    |  December 27, 2009 Carrying Value         |   |   |  Level 1 |   |   |  Level 2 |   |   |  Level 3 |   |   |  Total Losses |   |
|                                  |    |                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Long-lived assets held and used | $  |  4,087                                    |   | $  |   — |   |  $ |  3,575 |   |  $ |  512 |   |  $ | ( 8,783 |  ) |
|  Long-lived assets held for sale |    |  1,128                                    |   |   |   — |   |   |  1,128 |   |   |    — |   |   |  (394 |  ) |
|  Total                           | $  |  5,215                                    |   | $  |  — |   |  $ |  4,703 |   | $  |  512 |   |  $ |  (9,177 |  ) |

----

| 4. | Goodwill |
|----|----------|

|                            | Ninety Nine Restaurants |    | Stoney River Legendary Steaks |   | Total Goodwill |   |
|---------------------------------|-------------------------|---------|-------------------------------|--------|----------------|--------|
|                            |                    |    |                          |   |           |   |   |   |
| Balance as of December 30, 2007 | $                       | 93,039  |                          | $      | 422            |   | $ | 93,461 |   |
| Increase in goodwill            |                    | — |                          |   | 195            |   |   | 195 |   |
| Impairment charge               |                    | (93,039 | )                             |   | (617           | )      |   | (93,656 | ) |
| Balance as of December 28, 2008 | $                       | — |                          | $      | —        |   | $ | — |   |

----

|                                                                                                                      | Fiscal Year Ended |
|---------------------------------------------------------------------------------------------------------------------------|-------------------|
|                                                                                                                      | December 27,      |   | December 28, |   | December 30, |   |
|                                                                                                                      | 2009              |   | 2008 |   | 2007 |   |
|                                                                                                                      | (in thousands)    |   |
| Supply Chain Changes:                                                                                                     |              |   |   |   |   |   |   |   |   |
|      Impairments and disposals                                                                   | $                 | 15 |   | $ | 24 |   | $ | 7,703 |   |
|      Severance and retention costs, legal costs and transition costs                             |              | 380 |   |   | 88 |   |   | 2,517 |   |
|           Total charges related to supply chain changes                 |              | 395 |   |   | 112 |   |   | 10,220 |   |
|                                                                                                                      |              |   |   |   |   |   |   |   |   |
| Restaurant impairments                                                                                                    |              | 10,250 |   |   | 16,842 |   |   | 6,516 |   |
| Other impairments                                                                                                         |              | 695 |   |   | 540 |   |   | — |   |
| Other disposals, net                                                                                                      |              | 15 |   |   | (505 | ) |   | (199 | ) |
|           Total impairment, disposal, and restructuring charges, net    |              | 11,355 |   |   | 16,989 |   |   | 16,537 |   |
|                                                                                                                      |              |   |   |   |   |   |   |   |   |
| Supply chain changes paid or accrued                                                                                      |              | (380 | ) |   | (112 | ) |   | (2,633 | ) |
| Other non-cash items                                                                                                      |              | — |   |   | 11 |   |   | 78 |   |
|           Total non-cash impairment, disposal and restructuring charges | $                 | 10,975 |   | $ | 16,888 |   | $ | 13,982 |   |

|                                                              |      |   |     |   | Weighted     |   |      |                                                                                                                                                                                                                              |
|-------------------------------------------------------------------|-----------|--------|----------|--------|--------------|--------|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                              |      |   | Weighted |   | Average      |   |      |                                                                                                                                                                                                                              |
|                                                              |      |   | Average  |   | Remaining    |   | Aggregate |                                                                                                                                                                                                                              |
|                                                              | Number of |   | Exercise |   | Contractual  |   | Intrinsic |                                                                                                                                                                                                                              |
|                                                              | Options   |   | Price    |   | Life (Years) |   | Value     |                                                                                                                                                                                                                              |
|                                                              |      |   |     |   |         |   |      |                                                                                                                                                                                                                              |
| Options outstanding at December 28, 2008                          | 1,217,260 |   | $        | 18.96  |         | 2.97   |      | $                                    —  |   |
| Granted                                                           | 1,336,000 |   | 4.30     |   |         |   |      |                                                                                                                                                                                                                              |
| Exercised                                                         | —   |   | —  |   |         |   |      |                                                                                                                                                                                                                              |
| Forfeited                                                         | (17,750   | )      | 2.74     |   |         |   |      |                                                                                                                                                                                                                              |
| Expired                                                           | (217,850  | )      |     | 15.78  |         |   |      |                                                                                                                                                                                                                              |   |   |
| Options outstanding at December 27, 2009                          | 2,317,660 |   |     | 10.93  |         | 6.05   |      | $                                                                                                                                                                                                                                 | 4,286,833 |   |
|                                                              |      |   |     |   |         |   |      |                                                                                                                                                                                                                              |   |   |
| Options vested and exercisable at December 27, 2009               | 990,525   |   | $        | 19.72  |         | 2.53   |      | $                                                                                                                                                                                                                                 | — |   |
| Options vested and unvested expected to vest at December 27, 2009 | 2,155,109 |   | $        | 11.41  |         | 5.85   |      | $                                                                                                                                                                                                                                 | 2,046,055 |   |

----

|                                                                |   | 2009  |
|---------------------------------------------------------------------|--------|-------|
| Risk-free rate                                                      |   | 1.90  | % |
| Expected term (years)                                               |   | 5.06  |   |
| Expected dividend yield                                             |   | 0.00  | % |
| Volatility                                                          |   | 67.60 | % |
| Weighted-average Black-Sholes fair value per share at date of grant | $      | 2.57  |   |

|                                                     |   |       |     |   |       |   |
|----------------------------------------------------------|--------|------------|----------|--------|------------|--------|
|                                                     |   | Number of  |     |   | Weighted   |   |
|                                                     |   | Restricted |     |   | Average    |   |
|                                                     |   | Stock      |     |   | Grant Date |   |
|                                                     |   | Awards     |     |   | Fair Value |   |
|                                                     |   |       |     |   |       |   |
| Restricted Stock Awards outstanding at December 28, 2008 |   |       | 888,036  |   |       | $      | 14.79 |   |
|    Granted                                |   |       | 147,786  |   |       |   | 5.92 |   |
|    Vested                                 |   |       | (407,589 | )      |       |   | 16.22 |   |
|    Forfeited                              |   |       | (81,827  | )      |       |   | 12.05 |   |
| Restricted Stock Awards outstanding at December 27, 2009 |   |       | 546,406  |   |       | $      | 11.73 |   |

----

|                                                                       |           |   |   |   |
|----------------------------------------------------------------------------|----------------|--------|--------|--------|
|                                                                       | (in thousands) |
|                                                                       |           |   |   |   |
| Asset Retirement Obligation as of December 30, 2007                   |           | $      | 679    |   |
| Accretion expense on the present-valued liability                          |           |   | 30     |   |
| Property additions requiring recognition of a liability                    |           |   | 6      |   |
| Asset Retirement Obligation as of December 28, 2008                   |           |   | 715    |   |
|     Accretion expense on the present-valued liability       |           |   | 30     |   |
|     Property additions requiring recognition of a liability |           |   | 1      |   |
| Asset Retirement Obligation as of December 27, 2009                   |           | $      | 746    |   |
|                                                                       |           |   |   |   |

|                                           |   | December 27,   |     |   | December 28, |   |
|------------------------------------------------|--------|----------------|----------|--------|--------------|--------|
|                                           |   | 2009           |     |   | 2008         |   |
|                                           |   | (in thousands) |     |
|                                           |   |           |     |   |         |   |
| Land and improvements                          |   | $              | 72,263   |   |         | $      | 74,107 |   |
| Buildings and improvements                     |   |           | 145,876  |   |         |   | 146,338 |   |
| Furniture, fixtures and equipment              |   |           | 289,921  |   |         |   | 274,730 |   |
| Leasehold improvements                         |   |           | 203,582  |   |         |   | 211,093 |   |
| Equipment under capitalized leases             |   |           | 8,884    |   |         |   | 30,560 |   |
| Property leased to others                      |   |           | 1,004    |   |         |   | 1,004 |   |
| Construction in progress                       |   |           | 2,138    |   |         |   | 3,083 |   |
|                                           |   |           | 723,668  |   |         |   | 740,915 |   |
| Less accumulated depreciation and amortization |   |           | (356,818 | )      |         |   | (328,626 | ) |
|                                           |   | $              | 366,850  |   |         | $      | 412,289 |   |

----

|                       |   | December 27,   |   |   | December 28, |   |
|----------------------------|--------|----------------|--------|--------|--------------|--------|
|                       |   | 2009           |   |   | 2008         |   |
|                       |   | (in thousands) |   |
|                       |   |           |   |   |         |   |
| Land                       |   | $              | 1,308  |   |         | $      | 809 |   |
| Buildings and improvements |   |           | 535    |   |         |   | — |   |
| Other assets               |   |           | 94     |   |         |   | 1,349 |   |
|                       |   | $              | 1,937  |   |         | $      | 2,158 |   |

|                                           |   | December 27,   |   |   | December 28, |   |
|------------------------------------------------|--------|----------------|--------|--------|--------------|--------|
|                                           |   | 2009           |   |   | 2008         |   |
|                                           |   | (in thousands) |   |
|                                           |   |           |   |   |         |   |
| Non-qualified deferred compensation plan asset |   | $              | 4,134  |   |         | $      | 3,261 |   |
| Liquor licenses                                |   |           | 3,504  |   |         |   | 3,534 |   |
| Prepaid interest and finance costs             |   |           | 3,692  |   |         |   | 4,753 |   |
| Other assets                                   |   |           | 2,075  |   |         |   | 6,963 |   |
|                                           |   | $              | 13,405 |   |         | $      | 18,511 |   |

|                       |   | December 27,   |   |   | December 28, |   |
|----------------------------|--------|----------------|--------|--------|--------------|--------|
|                       |   | 2009           |   |   | 2008         |   |
|                       |   | (in thousands) |   |
|                       |   |           |   |   |         |   |
| Accrued insurance expenses |   | $              | 10,873 |   |         | $      | 11,544 |   |
| Accrued employee benefits  |   |           | 2,599  |   |         |   | 4,086 |   |
| Accrued interest           |   |           | 2,159  |   |         |   | 1,899 |   |
| Accrued utilities          |   |           | 2,818  |   |         |   | 2,954 |   |
| Accrued legal              |   |           | 445    |   |         |   | 846 |   |
| Accrued other expenses     |   |           | 2,552  |   |         |   | 5,019 |   |
|                       |   | $              | 21,446 |   |         | $      | 26,348 |   |

----

|                                            |   | December 27,   |    |   | December 28, |   |
|-------------------------------------------------|--------|----------------|---------|--------|--------------|--------|
|                                            |   | 2009           |    |   | 2008         |   |
|                                            |   | (in thousands) |    |
|                                            |   |           |    |   |         |   |
| 9% senior subordinated notes due 2013           |   | $              | 125,000 |   |         | $      | 125,000 |   |
| Credit facility                                 |   |           | — |   |         |   | 23,812 |   |
| Financing arrangements                          |   |           | 320     |   |         |   | 531 |   |
| Note payable to Stoney River Managing Partners  |   |           | 352     |   |         |   | 496 |   |
| Secured mortgage note payable                   |   |           | 17      |   |         |   | 48 |   |
|                                            |   | $              | 125,689 |   |         | $      | 149,887 |   |
| Fair value adjustments on hedged debt (Note 15) |   |           | 2,770   |   |         |   | 3,488 |   |
| Less current portion of long-term debt          |   |           | (338    | )      |         |   | (386 | ) |
| Long-term debt, less current portion            |   | $              | 128,121 |   |         | $      | 152,989 |   |

----

|                                              |   | December 27,   |   |   | December 28, |   |
|---------------------------------------------------|--------|----------------|--------|--------|--------------|--------|
|                                              |   | 2009           |   |   | 2008         |   |
|                                              |   | (in thousands) |   |
|                                              |   |           |   |   |         |   |
| Deferred gain on sale leaseback transactions      |   | $              | 14,669 |   |         | $      | 15,726 |   |
| Deferred rent                                     |   |           | 21,111 |   |         |   | 20,179 |   |
| Nonqualified deferred compensation plan liability |   |           | 4,134  |   |         |   | 3,261 |   |
| Liability for uncertain tax positions             |   |           | 3,290  |   |         |   | 3,289 |   |
| Other long-term liabilities                       |   |           | 5,629  |   |         |   | 11,111 |   |
|                                              |   | $              | 48,833 |   |         | $      | 53,566 |   |

----

|                                                  |   | Capitalized    |    |   |      |   |
|-------------------------------------------------------|--------|----------------|---------|--------|-----------|--------|
|                                                  |   | Equipment      |    |   | Operating |   |
|                                                  |   | Leases         |    |   | Leases    |   |
|                                                  |   | (in thousands) |    |
|                                                  |   |           |    |   |      |   |
| 2010                                                  |   | $              | 1,763   |   |      | $      | 33,033 |   |
| 2011                                                  |   |           | 1,840   |   |      |   | 32,590 |   |
| 2012                                                  |   |           | — |   |      |   | 32,627 |   |
| 2013                                                  |   |           | — |   |      |   | 32,429 |   |
| 2014                                                  |   |           | — |   |      |   | 31,773 |   |
| Thereafter                                            |   |           | — |   |      |   | 210,000 |   |
| Total minimum lease payments                          |   | $              | 3,603   |   |      | $      | 372,452 |   |
| Less amount representing interest                     |   |           | (164    | )      |      |   |   |   |
| Net minimum lease payments                            |   |           | 3,439   |   |      |   |   |   |
| Less current portion                                  |   |           | (1,641  | )      |      |   |   |   |
| Capitalized lease obligations, net of current portion |   | $              | 1,798   |   |      |   |   |   |

|               |           |   |   |   |   |   |   |   |   |
|--------------------|----------------|--------|--------|--------|--------|--------|--------|--------|--------|
|               |           | 2009   |   |   | 2008   |   |   | 2007   |   |
|               | (in thousands) |   |
| Minimum rentals    |           | $      | 31,389 |   |   | $      | 31,328 |   |   | $ | 32,850 |   |
| Contingent rentals |           |   | 238    |   |   |   | 286    |   |   |   | 416 |   |
|               |           | $      | 31,627 |   |   | $      | 31,614 |   |   | $ | 33,266 |   |

| 15. | Derivative Instruments and Hedging Activities. |
|-----|------------------------------------------------|

|                                                                                            |   |   | 2009           |   |   |   | 2008   |   |   |   | 2007         |    |
|-------------------------------------------------------------------------------------------------|--------|--------|----------------|--------|--------|--------|--------|--------|--------|--------|--------------|---------|
|                                                                                            |   |   | (in thousands) |   |
| Income tax expense (benefit) attributable to:                                                   |   |   |           |   |   |   |   |   |   |   |         |    |
| Earnings (loss) before income taxes                                                             |   | $      | 2,147          |   |   | $      | 14,823 |   |   | $      | (1,724       | )       |
| Shareholders’ equity, tax benefit derived from non-qualified stock options exercised |   |   | —        |   |   |   | (177   | )      |   |   | (737         | )       |
|                                                                                            |   | $      | 2,147          |   |   | $      | 14,646 |   |   | $      |  (2,461 |  ) |

----

|     |   |           |   |   |   |   |   |    |
|----------|--------|----------------|--------|--------|--------|--------|--------|---------|
|     |   | 2009           |   | 2008   |   |   | 2007   |    |
|     |   | (in thousands) |   |
| Current  |   | $              | 2,785  |   | $      | (7,843 | )      |  $ | 8,804 |   |
| Deferred |   |           | (638   | )      |   | 22,666 |   |    | (10,528 | ) |
|     |   | $              | 2,147  |   | $      | 14,823 |   |  $ | (1,724 | )  |

|                                                                          | 2009    |   | 2008                                    |   | 2007                                    |   |
|-------------------------------------------------------------------------------|---------|--------|-----------------------------------------|--------|-----------------------------------------|--------|
|                                                                          |    |   |                                    |   |                                    |   |
| Federal statutory rate                                                        | 35.0    | %      | 35.0                                    | %      | 35.0                                    | %      |
| Increase (decrease) in taxes due to:                                     |    |   |                                    |   |                                    |   |
| State income taxes, net of federal tax benefit                                | (12.1   | )      | (0.7                                    | )      | (9.0                                    | )      |
| Tax credits, primarily FICA tip credits                                       | 102.9   |   | 4.1                                     |   | (95.3                                   | )      |
| Stock compensation expense                                                    | (38.3   | )      | (0.5                                    | )      | —                                 |   |
| Federal and state income tax contingency accruals, net of federal tax benefit | — |   |       0.6 |   |       9.1 |   |
| Deferred compensation                                                         | — |   | —                                 |   | 5.4                                     |   |
| Joint venture                                                                 | (0.6    | )      | (0.5                                    | )      | 2.8                                     |   |
| Valuation allowance                                                           | (125.0  | )      | (51.9                                   | )      | 24.2                                    |   |
| Other                                                                         | (3.4    | )      | 1.3                                     |   | (3.5                                    | )      |
|                                                                          | (41.5   | )%     | (12.6                                   | )%     | (31.3                                   | )%     |

|                                                                                    |   | December 27,   |    |   | December 28, |   |
|-----------------------------------------------------------------------------------------|--------|----------------|---------|--------|--------------|--------|
|                                                                                    |   | 2009           |    |   | 2008         |   |
|                                                                                    |   | (in thousands) |    |
| Deferred tax assets:                                                                    |   |           |    |   |         |   |
| Workers’ compensation, general liability, and employee health insurance accruals  |   |           | 4,023   |   |         |   | 3,847 |   |
| Accrued compensation                                                                    |   |           | 4,333   |   |         |   | 5,462 |   |
| Restricted stock                                                                        |   |           | 1,046   |   |         |   | 2,210 |   |
| Asset impairment and exit cost                                                          |   |           | 12,640  |   |         |   | 11,961 |   |
| Property and equipment, principally due to differences in depreciation and amortization |   |           | 4,963   |   |         |   | — |   |
| Tax credits, primarily FICA tip credits                                                 |   |           | 21,364  |   |         |   | 17,629 |   |
| Federal net operating loss carry back and state carry forwards                          |   |           | 4,052   |   |         |   | 5,084 |   |
| Goodwill                                                                                |   |           | 20,331  |   |         |   | 22,390 |   |
| Other                                                                                   |   |           | 2,469   |   |         |   | 2,939 |   |
|        Total gross deferred tax assets               |   |           | 75,221  |   |         |   | 71,522 |   |
| Deferred tax asset valuation allowance                                                  |   |           | (72,263 | )      |         |   | (65,791 | ) |
| Total net deferred tax assets (liabilities)                                             |   |           | 2,958   |   |         |   | 5,731 |   |
| Deferred tax liabilities:                                                               |   |           |    |   |         |   |   |   |
| Trademark intangible                                                                    |   |           | 4,535   |   |         |   | 3,716 |   |
| Property and equipment, principally due to differences in depreciation and amortization |   |           | — |   |         |   | 4,230 |   |
|        Total gross deferred tax liabilities          |   |           | 4,535   |   |         |   | 7,946 |   |
| Net deferred tax liability                                                              |   | $              | (1,577  | )      |         | $      | (2,215 | ) |

----

|                                             |   | 2009           |   |   | 2008   |   |
|--------------------------------------------------|--------|----------------|--------|--------|--------|--------|
|                                             |   | (in thousands) |   |
|                                             |   |           |   |   |   |   |
| Deferred income taxes, non-current liability     |   | $              | (1,386 | )      |   | $      | (3,109 | ) |
| Deferred income taxes, current (liability) asset |   |           | (191   | )      |   |   | 894 |   |
|                                             |   | $              | (1,577 | )      |   | $      | (2,215 | ) |

|                                                         |   | 2009           |   |   | 2008   |   |
|--------------------------------------------------------------|--------|----------------|--------|--------|--------|--------|
|                                                         |   | (in thousands) |   |
|                                                         |   |           |   |   |   |   |
| Beginning balance                                            |   | $              | 3,398  |   |   | $      | 8,364 |   |
|      Gross prior year increases     |   |           | 82     |   |   |   | 463 |   |
|      Gross prior year decreases     |   |           | (1,033 | )      |   |   | (5,999 | ) |
|      Gross current year increases   |   |           | 1,732  |   |   |   | 1,176 |   |
|      Settlements                    |   |           | (21    | )      |   |   | (162 | ) |
|      Lapse of statue of limitations |   |           | (803   | )      |   |   | (444 | ) |
| Ending balance                                               |   | $              | 3,355  |   |   | $      | 3,398 |   |
|                                                         |   |           |   |   |   |   |   |   |

----

|                                                                    |   | 2009                                  |    | 2008   |   | 2007     |   |
|-------------------------------------------------------------------------|--------|---------------------------------------|---------|--------|--------|----------|--------|
|                                                                    |   | (in thousands, except per share data) |    |
|                                                                    |   |                                  |    |   |   |     |   |
| Net (loss) earnings                                                     |   | $                                     | (7,325  | )      | $      | (132,497 | )      | $ | 7,309 |   |
| Less: Unvested participating restricted stock dividends                 |   |                                  | — |   |   | —  |   |   | (109 | ) |
| Less: Net earnings allocated to unvested participating restricted stock |   |                                  | — |   |   | —  |   |   | (108 | ) |
| (Loss) earnings (attributable) available to common shareholders         |   | $                                     | (7,325  | )      | $      | (132,497 | )      | $ | 7,092 |   |
|                                                                    |   |                                  |    |   |   |     |   |   |   |   |
| Weighted average common shares outstanding                              |   |                                  | 20,826  |   |   | 20,898   |   |   | 23,352 |   |
| Incremental options and restricted shares outstanding                   |   |                                  | — |   |   | —  |   |   | 136 |   |
| Weighted average diluted common shares outstanding                      |   |                                  | 20,826  |   |   | 20,898   |   |   | 23,488 |   |
|                                                                    |   |                                  |    |   |   |     |   |   |   |   |
| Basic (loss) earnings per common share                                  |   | $                                     | (0.35   | )      | $      | (6.34    | )      | $ | 0.30 |   |
| Diluted (loss) earnings per common share                                |   | $                                     | (0.35   | )      | $      | (6.34    | )      | $ | 0.30 |   |
|                                                                    |   |                                  |    |   |   |     |   |   |   |   |

----

|                                                                            |   | 2009           |   |   | 2008   |   |   | 2007    |   |
|---------------------------------------------------------------------------------|--------|----------------|--------|--------|--------|--------|--------|---------|--------|
|                                                                            |   | (in thousands) |   |
|                                                                            |   |           |   |   |   |   |   |    |   |
| Cash paid for interest (1)                                                      | $      | 8,567          |   | $      | 11,341 |   | $      | 12,314  |   |
| Income taxes paid (refunded), net                                               |   | 500            |   |   | (2,519 | )      |   | 7,640   |   |
| Other non-cash transactions:                                                    |   |           |   |   |   |   |   |    |   |
| Transfer of assets between assets held-for-sale and property and equipment, net |   | 2,056          |   |   | 3,308  |   |   | 4,410   |   |
| Change in fair value of hedging instrument                                      |   | (718           | )      |   | 2,298  |   |   | 1,189   |   |
| Financed maintenance agreements                                                 |   | —        |   |   | 531    |   |   | — |   |
| Additions to capitalized lease obligations                                      | $      | —        |   | $      | 479    |   | $      | — |   |

| (1)   | Cash paid for interest is net of the $3.5 million received in 2009 for termination of the swap agreement. |
|-----------------|-----------------------------------------------------------------------------------------------------------|

----

|                                                                 | FirstQuarter (1)                              |    | SecondQuarter (2) |   | ThirdQuarter (3) |   | FourthQuarter (4) |    |
|---------------------------------------------------------------------------|-----------------------------------------------|---------|-------------------|--------|------------------|--------|-------------------|---------|
|                                                                      | (dollars in thousands, except per share data) |    |
| 2009                                                                      |                                          |    |              |   |             |   |              |    |
| Revenues                                                                  | $                                             | 291,658 |              | $      | 206,217          |   | $                 | 194,096 |   | $ | 188,869 |   |
| Income (loss) from operations                                             | $                                             | 11,984  |              | $      | 5,231            |   | $                 | 261     |   | $ | (11,094 | ) |
| Net earnings (loss) attributable to common shareholders                   | $                                             | 7,141   |              | $      | 2,894            |   | $                 | (2,146  | ) | $ | (15,216 | ) |
| Basic earnings (loss) attributable to common shareholders per share (5)   | $                                             | 0.34    |              | $      | 0.14             |   | $                 | (0.10   | ) | $ | (0.72 | ) |
| Diluted earnings (loss) attributable to common shareholders per share (5) | $                                             | 0.34    |              | $      | 0.13             |   | $                 | (0.10   | ) | $ | (0.72 | ) |
| Company-owned restaurants in operation, end of quarter                    |                                          | 359     |              |   | 359              |   |              | 361     |   |   | 362 |   |
|                                                                      |                                          |    |              |   |             |   |              |    |   |   |   |   |
| 2008                                                                      |                                          |    |              |   |             |   |              |    |   |   |   |   |
| Revenues                                                                  | $                                             | 297,495 |              | $      | 221,143          |   | $                 | 209,642 |   | $ | 202,880 |   |
| Income (loss) from operations                                             | $                                             | 8,578   |              | $      | 394              |   | $                 | (48,614 | ) | $ | (63,057 | ) |
| Net earnings (loss) attributable to common shareholders                   | $                                             | 10,377  |              | $      | (7,834           | )      | $                 | (66,822 | ) | $ | (68,217 | ) |
| Basic earnings (loss) attributable to common shareholders per share (5)   | $                                             | 0.48    |              | $      | (0.38            | )      | $                 | (3.29   | ) | $ | (3.34 | ) |
| Diluted earnings (loss) attributable to common shareholders per share (5) | $                                             | 0.48    |              | $      | (0.38            | )      | $                 | (3.29   | ) | $ | (3.34 | ) |
| Company-owned restaurants in operation, end of quarter                    |                                          | 352     |              |   | 355              |   |              | 357     |   |   | 359 |   |

----

----

|                                                                                                               |   | Parent Company |     |   | Subsidiary Guarantors |   |    | Minor Subsidiaries and Consolidating Adjustments |   |   | Consolidated |    |
|--------------------------------------------------------------------------------------------------------------------|--------|----------------|----------|--------|-----------------------|--------|---------|--------------------------------------------------|--------|--------|--------------|---------|
|                                                                                                               |   | (in thousands) |     |
| ASSETS                                                                                                             |   |           |     |   |                  |   |    |                                             |   |   |         |    |
| Current Assets (Liabilities):                                                                                      |   |           |     |   |                  |   |    |                                             |   |   |         |    |
|     Cash and cash equivalents                                                                  |   | $              | 2,127    |   |                  | $      | 19,753  |                                             |   | $      | —      |    |   | $ | 21,880 |   |
|     Trade accounts receivable, less allowance for doubtful accounts                            |   |           | 8,280    |   |                  |   | 9,139   |                                             |   |   | (210         | )  |   |   | 17,209 |   |
|     Intercompany (payable) receivable                                                          |   |           | (257,253 | )      |                  |   | 226,774 |                                             |   |   | 30,479       |    |   |   | — |   |
|     Inventories                                                                                |   |           | 4,663    |   |                  |   | 5,931   |                                             |   |   | —      |    |   |   | 10,594 |   |
|     Assets held for sale                                                                       |   |           | 809      |   |                  |   | 1,128   |                                             |   |   | —      |    |   |   | 1,937 |   |
|     Other current assets                                                                       |   |           | 1,961    |   |                  |   | 2,462   |                                             |   |   | 11           |    |   |   | 4,434 |   |
|         Total current (liabilities) assets                                 |   |           | (239,413 | )      |                  |   | 265,187 |                                             |   |   | 30,280       |    |   |   | 56,054 |   |
| Property and equipment, net                                                                                        |   |           | 256,799  |   |                  |   | 110,051 |                                             |   |   | —      |    |   |   | 366,850 |   |
| Trade names and other intangible assets                                                                            |   |           | 25       |   |                  |   | 25,921  |                                             |   |   | —      |    |   |   | 25,946 |   |
| Other assets                                                                                                       |   |           | 208,619  |   |                  |   | 30,042  |                                             |   |   | (225,256     | )       |   |   | 13,405 |   |
| Total Assets (Liabilities)                                                                                         |   | $              | 226,030  |   |                  | $      | 431,201 |                                             |   | $      | (194,976     | )       |   | $ | 462,255 |   |
|                                                                                                               |   |           |     |   |                  |   |    |                                             |   |   |         |    |   |   |   |   |
| LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT)                                                               |   |           |     |   |                  |   |    |                                             |   |   |         |    |   |   |   |   |
| Current Liabilities:                                                                                               |   |           |     |   |                  |   |    |                                             |   |   |         |    |   |   |   |   |
|     Trade accounts payable                                                                     |   | $              | 4,484    |   |                  | $      | (12     | )                                                |   | $      | 629          |    |   | $ | 5,101 |   |
|     Accrued payroll and related expenses                                                       |   |           | 12,052   |   |                  |   | 3,992   |                                             |   |   | —      |    |   |   | 16,044 |   |
|     Accrued expenses                                                                           |   |           | 16,287   |   |                  |   | 5,365   |                                             |   |   | (206         | )       |   |   | 21,446 |   |
|     Deferred revenue                                                                           |   |           | —  |   |                  |   | 18,598  |                                             |   |   | (629         | )       |   |   | 17,969 |   |
|     Federal, state and local taxes (receivable) payable                                        |   |           | (14,234  | )      |                  |   | 24,693  |                                             |   |   | —      |    |   |   | 10,459 |   |
|     Current portion of long-term debt and capitalized lease    obligations |   |           | 1,835    |   |                  |   | 144     |                                             |   |   | —      |    |   |   | 1,979 |   |
|          Total current liabilities                                    |   |           | 20,424   |   |                  |   | 52,780  |                                             |   |   | (206         | )       |   |   | 72,998 |   |
| Deferred income taxes                                                                                              |   |           | 1,386    |   |                  |   | — |                                             |   |   | —      |    |   |   | 1,386 |   |
| Other liabilities                                                                                                  |   |           | 28,234   |   |                  |   | 20,499  |                                             |   |   | 100          |    |   |   | 48,833 |   |
| Long-term debt, less current portion                                                                               |   |           | 151,272  |   |                  |   | 528     |                                             |   |   | (23,679      | )       |   |   | 128,121 |   |
| Capitalized lease obligations, less current portion                                                                |   |           | 1,548    |   |                  |   | 250     |                                             |   |   | —      |    |   |   | 1,798 |   |
| Shareholders’ Equity (Deficit):                                                                              |   |           |     |   |                  |   |    |                                             |   |   |         |    |   |   |   |   |
|      Common stock                                                                         |   |           | 119,138  |   |                  |   | 343,431 |                                             |   |   | (301,055     | )       |   |   | 161,514 |   |
|      (Accumulated deficit) retained  earnings                                        |   |           | (95,972  | )      |                  |   | 13,713  |                                             |   |   | 129,864      |    |   |   | 47,605 |   |
|           Total shareholders’ equity (deficit)             |   |           | 23,166   |   |                  |   | 357,144 |                                             |   |   | (171,191     | )       |   |   | 209,119 |   |
| Total Liabilities and Shareholders’ Equity (Deficit)                                                         |   | $              | 226,030  |   |                  | $      | 431,201 |                                             |   | $      | (194,976     | )       |   | $ | 462,255 |   |

----

|                                                                                                               |   | Parent Company |     |   | Subsidiary Guarantors |   |    | Minor Subsidiaries and Consolidating Adjustments |   |   | Consolidated |    |
|--------------------------------------------------------------------------------------------------------------------|--------|----------------|----------|--------|-----------------------|--------|---------|--------------------------------------------------|--------|--------|--------------|---------|
|                                                                                                               |   | (in thousands) |     |
| ASSETS                                                                                                             |   |           |     |   |                  |   |    |                                             |   |   |         |    |
| Current Assets (Liabilities):                                                                                      |   |           |     |   |                  |   |    |                                             |   |   |         |    |
|     Cash and cash equivalents                                                                  |   | $              | 2,924    |   |                  | $      | (2,639  | )                                                |   | $      | 6,533        |    |   | $ | 6,818 |   |
|     Trade accounts receivable, less allowance for doubtful accounts                            |   |           | 15,254   |   |                  |   | 7,825   |                                             |   |   | (199         | )  |   |   | 22,880 |   |
|     Intercompany (payable) receivable                                                          |   |           | (289,991 | )      |                  |   | 256,670 |                                             |   |   | 33,321       |    |   |   | — |   |
|     Inventories                                                                                |   |           | 4,535    |   |                  |   | 19,187  |                                             |   |   | 66           |    |   |   | 23,788 |   |
|     Deferred income taxes                                                                      |   |           | 510      |   |                  |   | 384     |                                             |   |   | —      |    |   |   | 894 |   |
|     Assets held for sale                                                                       |   |           | 809      |   |                  |   | 1,349   |                                             |   |   | —      |    |   |   | 2,158 |   |
|     Other current assets                                                                       |   |           | 1,972    |   |                  |   | 4,963   |                                             |   |   | 43           |    |   |   | 6,978 |   |
|         Total current (liabilities) assets                                 |   |           | (263,987 | )      |                  |   | 287,739 |                                             |   |   | 39,764       |    |   |   | 63,516 |   |
| Property and equipment, net                                                                                        |   |           | 279,656  |   |                  |   | 129,657 |                                             |   |   | 2,976        |    |   |   | 412,289 |   |
| Trade names and other intangible assets                                                                            |   |           | 25       |   |                  |   | 25,921  |                                             |   |   | —      |    |   |   | 25,946 |   |
| Other assets                                                                                                       |   |           | 216,067  |   |                  |   | 33,309  |                                             |   |   | (230,865     | )       |   |   | 18,511 |   |
| Total Assets (Liabilities)                                                                                         |   | $              | 231,761  |   |                  | $      | 476,626 |                                             |   | $      | (188,125     | )       |   | $ | 520,262 |   |
|                                                                                                               |   |           |     |   |                  |   |    |                                             |   |   |         |    |   |   |   |   |
| LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT)                                                               |   |           |     |   |                  |   |    |                                             |   |   |         |    |   |   |   |   |
| Current Liabilities:                                                                                               |   |           |     |   |                  |   |    |                                             |   |   |         |    |   |   |   |   |
|     Trade accounts payable                                                                     |   | $              | 7,552    |   |                  | $      | 3,205   |                                             |   | $      | 5,709        |    |   | $ | 16,466 |   |
|     Accrued payroll and related expenses                                                       |   |           | 13,235   |   |                  |   | 3,856   |                                             |   |   | 11           |    |   |   | 17,102 |   |
|     Accrued expenses                                                                           |   |           | 17,742   |   |                  |   | 8,840   |                                             |   |   | (234         | )       |   |   | 26,348 |   |
|     Deferred revenue                                                                           |   |           | —  |   |                  |   | 18,690  |                                             |   |   | (578         | )       |   |   | 18,112 |   |
|     Federal, state and local taxes (receivable) payable                                        |   |           | (14,408  | )      |                  |   | 25,045  |                                             |   |   | 94           |    |   |   | 10,731 |   |
|     Current portion of long-term debt and capitalized lease    obligations |   |           | 6,010    |   |                  |   | 630     |                                             |   |   | —      |    |   |   | 6,640 |   |
|          Total current liabilities                                    |   |           | 30,131   |   |                  |   | 60,266  |                                             |   |   | 5,002        |    |   |   | 95,399 |   |
| Deferred income taxes                                                                                              |   |           | 3,109    |   |                  |   | — |                                             |   |   | —      |    |   |   | 3,109 |   |
| Other liabilities                                                                                                  |   |           | 29,462   |   |                  |   | 23,169  |                                             |   |   | 935          |    |   |   | 53,566 |   |
| Long-term debt, less current portion                                                                               |   |           | 174,774  |   |                  |   | 883     |                                             |   |   | (22,668      | )       |   |   | 152,989 |   |
| Capitalized lease obligations, less current portion                                                                |   |           | 2,917    |   |                  |   | 522     |                                             |   |   | —      |    |   |   | 3,439 |   |
| Shareholders’ Equity (Deficit):                                                                              |   |           |     |   |                  |   |    |                                             |   |   |         |    |   |   |   |   |
|      Common stock                                                                         |   |           | 114,071  |   |                  |   | 343,431 |                                             |   |   | (300,672     | )       |   |   | 156,830 |   |
|     (Accumulated deficit) retained  earnings                                         |   |           | (122,703 | )      |                  |   | 48,355  |                                             |   |   | 129,278      |    |   |   | 54,930 |   |
|           Total shareholders’ (deficit) equity             |   |           | (8,632   | )      |                  |   | 391,786 |                                             |   |   | (171,394     | )       |   |   | 211,760 |   |
| Total Liabilities and Shareholders’ Equity (Deficit)                                                         |   | $              | 231,761  |   |                  | $      | 476,626 |                                             |   | $      | (188,125     | )       |   | $ | 520,262 |   |

----

|                                                                                                                                                                                                                                                                                 | Parent Company |           | Subsidiary Guarantor |   |    | Minor Subsidiaries and Consolidating Adjustments |   |   |    |  Consolidated |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------|----------------|----------------------|--------|---------|--------------------------------------------------|--------|--------|---------|--------------------|--------|
|                                                                                                                                                                                                                                                                                 |           | (in thousands) |                 |   |
| Revenues:                                                                                                                                                                                                                                                                            |           |           |                 |   |    |                                             |   |   |    |               |   |   |   |   |
|     Restaurant sales                                                                                                                                                                                                                                             | $              | 499,684        |                 | $      | 360,759 |                                             |   | $      | 19,466  |               |   | $ | 879,909 |   |
|     Commissary sales                                                                                                                                                                                                                                             |           | —        |                 |   | 50,854  |                                             |   |   | (50,854 | )                  |   |   | — |   |
|     Franchise and other revenue                                                                                                                                                                                                                                  |           | 981            |                 |   | 168     |                                             |   |   | (218    | )                  |   |   | 931 |   |
|                                                                                                                                                                                                                                                                                 |           | 500,665        |                 |   | 411,781 |                                             |   |   | (31,606 | )                  |   |   | 880,840 |   |
| Costs and Expenses:                                                                                                                                                                                                                                                                  |           |           |                 |   |    |                                             |   |   |    |               |   |   |   |   |
|     Cost of restaurant sales:                                                                                                                                                                                                                                    |           |           |                 |   |    |                                             |   |   |    |               |   |   |   |   |
|         Cost of food and beverage                                                                                                                                                                                                            |           | 145,018        |                 |   | 105,820 |                                             |   |   | 5,985   |               |   |   | 256,823 |   |
|         Payroll and benefits                                                                                                                                                                                                                 |           | 185,931        |                 |   | 132,077 |                                             |   |   | (6,213  | )                  |   |   | 311,795 |   |
|         Restaurant operating costs                                                                                                                                                                                                           |           | 91,498         |                 |   | 68,187  |                                             |   |   | 15,859  |               |   |   | 175,544 |   |
|             Cost of restaurant sales, exclusive of depreciation and                   amortization shown separately below |           | 422,447        |                 |   | 306,084 |                                             |   |   | 15,631  |               |   |   | 744,162 |   |
|                                                                                                                                                                                                                                                                                 |           |           |                 |   |    |                                             |   |   |    |               |   |   |   |   |
|     Cost of commissary sales                                                                                                                                                                                                                                     |           | —        |                 |   | 49,795  |                                             |   |   | (49,795 | )                  |   |   | — |   |
|     Advertising and marketing expenses                                                                                                                                                                                                                           |           | —        |                 |   | 32,462  |                                             |   |   | 256     |               |   |   | 32,718 |   |
|     General and administrative expenses                                                                                                                                                                                                                          |           | 5,254          |                 |   | 34,455  |                                             |   |   | (1,366  | )                  |   |   | 38,343 |   |
|     Depreciation and amortization of property and equipment                                                                                                                                                                                                      |           | 27,030         |                 |   | 19,508  |                                             |   |   | 745     |               |   |   | 47,283 |   |
|     Impairment, disposal and restructuring charges, net                                                                                                                                                                                                          |           | 3,504          |                 |   | 7,471   |                                             |   |   | 380     |               |   |   | 11,355 |   |
|     Pre-opening costs                                                                                                                                                                                                                                            |           | 2              |                 |   | 595     |                                             |   |   | — |               |   |   | 597 |   |
|                                                                                                                                                                                                                                                                                 |           | 458,237        |                 |   | 450,370 |                                             |   |   | (34,149 | )                  |   |   | 874,458 |   |
| Income (Loss) from Operations                                                                                                                                                                                                                                                   |           | 42,428         |                 |   | (38,589 | )                                                |   |   | 2,543   |               |   |   | 6,382 |   |
| Other  Expense (Income):                                                                                                                                                                                                                                                        |           |           |                 |   |    |                                             |   |   |    |               |   |   |   |   |
|     Interest expense, net                                                                                                                                                                                                                                        |           | 12,882         |                 |   | (1,631  | )                                                |   |   | 377     |               |   |   | 11,628 |   |
|     Other, net                                                                                                                                                                                                                                                   |           | (68            | )                    |   | — |                                             |   |   | — |               |   |   | (68 | ) |
|                                                                                                                                                                                                                                                                                 |           | 12,814         |                 |   | (1,631  | )                                                |   |   | 377     |               |   |   | 11,560 |   |
| Earnings (Loss) Before Income Taxes                                                                                                                                                                                                                                                  |           | 29,614         |                 |   | (36,958 | )                                                |   |   | 2,166   |               |   |   | (5,178 | ) |
| Income Tax Expense                                                                                                                                                                                                                                                                   |           | 2,090          |                 |   | 57      |                                             |   |   | — |               |   |   | 2,147 |   |
| Net Earnings (Loss)                                                                                                                                                                                                                                                             | $              | 27,524         |                 | $      | (37,015 | )                                                |   | $      | 2,166   |               |   | $ | (7,325 | ) |

----

|                                                                                                                                                                                                                                                                                 |   | Parent Company |    |   | Subsidiary Guarantor |   |     | Minor Subsidiaries and Consolidating Adjustments |   |   | Consolidated |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------|---------|--------|----------------------|--------|----------|--------------------------------------------------|--------|--------|--------------|--------|
|                                                                                                                                                                                                                                                                                 |   | (in thousands) |    |
| Revenues:                                                                                                                                                                                                                                                                            |   |           |    |   |                 |   |     |                                             |   |   |         |   |
|     Restaurant sales                                                                                                                                                                                                                                             |   | $              | 522,106 |   |                 | $      | 383,718  |                                             |   | $      | 24,493       |   |   | $ | 930,317 |   |
|     Commissary sales                                                                                                                                                                                                                                             |   |           | — |   |                 |   | 85,234   |                                             |   |   | (85,234      | )      |   |   | — |   |
|     Franchise and other revenue                                                                                                                                                                                                                                  |   |           | 996     |   |                 |   | 157      |                                             |   |   | (310         | )      |   |   | 843 |   |
|                                                                                                                                                                                                                                                                                 |   |           | 523,102 |   |                 |   | 469,109  |                                             |   |   | (61,051      | )      |   |   | 931,160 |   |
| Costs and Expenses:                                                                                                                                                                                                                                                                  |   |           |    |   |                 |   |     |                                             |   |   |         |   |   |   |   |   |
|     Cost of restaurant sales:                                                                                                                                                                                                                                    |   |           |    |   |                 |   |     |                                             |   |   |         |   |   |   |   |   |
|         Cost of food and beverage                                                                                                                                                                                                            |   |           | 153,296 |   |                 |   | 113,908  |                                             |   |   | 8,801        |   |   |   | 276,005 |   |
|         Payroll and benefits                                                                                                                                                                                                                 |   |           | 192,057 |   |                 |   | 139,581  |                                             |   |   | (5,642       | )      |   |   | 325,996 |   |
|         Restaurant operating costs                                                                                                                                                                                                           |   |           | 97,552  |   |                 |   | 72,396   |                                             |   |   | 18,018       |   |   |   | 187,966 |   |
|             Cost of restaurant sales, exclusive of depreciation and                   amortization shown separately below |   |           | 442,905 |   |                 |   | 325,885  |                                             |   |   | 21,177       |   |   |   | 789,967 |   |
|                                                                                                                                                                                                                                                                                 |   |           |    |   |                 |   |     |                                             |   |   |         |   |   |   |   |   |
|     Cost of commissary sales                                                                                                                                                                                                                                     |   |           | — |   |                 |   | 85,047   |                                             |   |   | (85,047      | )      |   |   | — |   |
|     Advertising and marketing expenses                                                                                                                                                                                                                           |   |           | — |   |                 |   | 33,888   |                                             |   |   | 369          |   |   |   | 34,257 |   |
|     General and administrative expenses                                                                                                                                                                                                                          |   |           | 6,554   |   |                 |   | 38,902   |                                             |   |   | (1,164       | )      |   |   | 44,292 |   |
|     Depreciation and amortization of property and equipment                                                                                                                                                                                                      |   |           | 29,322  |   |                 |   | 20,540   |                                             |   |   | 914          |   |   |   | 50,776 |   |
|     Impairment, disposal and restructuring charges, net                                                                                                                                                                                                          |   |           | 4,797   |   |                 |   | 9,808    |                                             |   |   | 2,384        |   |   |   | 16,989 |   |
|     Goodwill impairment                                                                                                                                                                                                                                          |   |           | — |   |                 |   | 93,656   |                                             |   |   | —      |   |   |   | 93,656 |   |
|     Pre-opening costs                                                                                                                                                                                                                                            |   |           | 2,181   |   |                 |   | 1,740    |                                             |   |   | —      |   |   |   | 3,921 |   |
|                                                                                                                                                                                                                                                                                 |   |           | 485,759 |   |                 |   | 609,466  |                                             |   |   | (61,367      | )      |   |   | 1,033,858 |   |
| Income (Loss) from Operations                                                                                                                                                                                                                                                   |   |           | 37,343  |   |                 |   | (140,357 | )                                                |   |   | 316          |   |   |   | (102,698 | ) |
| Other  Expense (Income):                                                                                                                                                                                                                                                        |   |           |    |   |                 |   |     |                                             |   |   |         |   |   |   |   |   |
|     Interest expense, net                                                                                                                                                                                                                                        |   |           | 18,257  |   |                 |   | (3,964   | )                                                |   |   | 673          |   |   |   | 14,966 |   |
|     Other, net                                                                                                                                                                                                                                                   |   |           | 10      |   |                 |   | —  |                                             |   |   | —      |   |   |   | 10 |   |
|                                                                                                                                                                                                                                                                                 |   |           | 18,267  |   |                 |   | (3,964   | )                                                |   |   | 673          |   |   |   | 14,976 |   |
| Earnings (Loss) Before Income Taxes                                                                                                                                                                                                                                                  |   |           | 19,076  |   |                 |   | (136,393 | )                                                |   |   | (357         | )      |   |   | (117,674 | ) |
| Income Tax Expense (Benefit)                                                                                                                                                                                                                                                    |   |           | 15,172  |   |                 |   | (349     | )                                                |   |   | —      |   |   |   | 14,823 |   |
| Net Earnings (Loss)                                                                                                                                                                                                                                                             |   | $              | 3,904   |   |                 | $      | (136,044 | )                                                |   | $      | (357         | )      |   | $ | (132,497 | ) |

----

|                                                                                                                                                                                                                                                                                       | Parent Company |           | Subsidiary Guarantors |   |    | Minor Subsidiaries and Consolidating Adjustments |   |   | Consolidated |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------|----------------|-----------------------|--------|---------|--------------------------------------------------|--------|--------|--------------|--------|
|                                                                                                                                                                                                                                                                                       |           | (in thousands) |                  |
| Revenues:                                                                                                                                                                                                                                                                                  |           |           |                  |   |    |                                             |   |   |         |   |   |   |   |   |
|     Restaurant sales                                                                                                                                                                                                                                                   | $              | 542,900        |                  | $      | 398,991 |                                             |   | $      | 27,606       |   |   | $ | 969,497 |   |
|     Commissary sales                                                                                                                                                                                                                                                   |           | —        |                  |   | 244,553 |                                             |   |   | (236,770     | )      |   |   | 7,783 |   |
|     Franchise and other  revenue                                                                                                                                                                                                                             |           | 935            |                  |   | (105    | )                                                |   |   | (358         | )      |   |   | 472 |   |
|                                                                                                                                                                                                                                                                                       |           | 543,835        |                  |   | 643,439 |                                             |   |   | (209,522     | )      |   |   | 977,752 |   |
| Costs and Expenses:                                                                                                                                                                                                                                                                        |           |           |                  |   |    |                                             |   |   |         |   |   |   |   |   |
|     Cost of restaurant sales:                                                                                                                                                                                                                                          |           |           |                  |   |    |                                             |   |   |         |   |   |   |   |   |
|         Cost of food and beverage                                                                                                                                                                                                                  |           | 157,993        |                  |   | 116,854 |                                             |   |   | 9,252        |   |   |   | 284,099 |   |
|         Payroll and benefits                                                                                                                                                                                                                       |           | 192,807        |                  |   | 142,854 |                                             |   |   | (4,017       | )      |   |   | 331,644 |   |
|         Restaurant operating costs                                                                                                                                                                                                                 |           | 97,254         |                  |   | 69,562  |                                             |   |   | 17,975       |   |   |   | 184,791 |   |
|              Cost of restaurant sales, exclusive of depreciation and                   amortization shown separately below |           | 448,054        |                  |   | 329,270 |                                             |   |   | 23,210       |   |   |   | 800,534 |   |
|                                                                                                                                                                                                                                                                                       |           |           |                  |   |    |                                             |   |   |         |   |   |   |   |   |
|     Cost of commissary sales                                                                                                                                                                                                                                           |           | —        |                  |   | 243,790 |                                             |   |   | (236,090     | )      |   |   | 7,700 |   |
|     Advertising and marketing expenses                                                                                                                                                                                                                                 |           | —        |                  |   | 32,150  |                                             |   |   | 387          |   |   |   | 32,537 |   |
|     General and administrative expenses                                                                                                                                                                                                                                |           | 9,386          |                  |   | 42,705  |                                             |   |   | (3,421       | )      |   |   | 48,670 |   |
|     Depreciation and amortization of property and equipment                                                                                                                                                                                                            |           | 28,746         |                  |   | 20,946  |                                             |   |   | 1,190        |   |   |   | 50,882 |   |
|     Impairment, disposal and restructuring charges, net                                                                                                                                                                                                                |           | (91            | )                     |   | 11,619  |                                             |   |   | 5,009        |   |   |   | 16,537 |   |
|     Pre-opening costs                                                                                                                                                                                                                                                  |           | 1,801          |                  |   | 1,311   |                                             |   |   | (47          | )      |   |   | 3,065 |   |
|                                                                                                                                                                                                                                                                                       |           | 487,896        |                  |   | 681,791 |                                             |   |   | (209,762     | )      |   |   | 959,925 |   |
| Income (Loss) from Operations                                                                                                                                                                                                                                                         |           | 55,939         |                  |   | (38,352 | )                                                |   |   | 240          |   |   |   | 17,827 |   |
| Other  Expense (Income):                                                                                                                                                                                                                                                              |           |           |                  |   |    |                                             |   |   |         |   |   |   |   |   |
|     Interest expense, net                                                                                                                                                                                                                                              |           | 15,421         |                  |   | (3,898  | )                                                |   |   | 806          |   |   |   | 12,329 |   |
|     Other, net                                                                                                                                                                                                                                                         |           | 54,203         |                  |   | (54,290 | )                                                |   |   | —      |   |   |   | (87 | ) |
|                                                                                                                                                                                                                                                                                       |           | 69,624         |                  |   | (58,188 | )                                                |   |   | 806          |   |   |   | 12,242 |   |
| (Loss) Earnings Before Income Taxes                                                                                                                                                                                                                                                        |           | (13,685        | )                     |   | 19,836  |                                             |   |   | (566         | )      |   |   | 5,585 |   |
| Income Tax Expense (Benefit)                                                                                                                                                                                                                                                          |           | 4,307          |                  |   | (6,208  | )                                                |   |   | 177          |   |   |   | (1,724 | ) |
| Net (Loss) Earnings                                                                                                                                                                                                                                                                   | $              | (17,992        | )                     | $      | 26,044  |                                             |   | $      | (743         | )      |   | $ | 7,309 |   |

----

|                                                                                                                                                                             | Parent Company |           | Subsidiary Guarantors |   |    | Minor Subsidiaries and Consolidating Adjustments |   |   | Consolidated |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------|----------------|-----------------------|--------|---------|--------------------------------------------------|--------|--------|--------------|--------|
|                                                                                                                                                                             |           | (in thousands) |                  |
| Cash Flows from Operating Activities:                                                                                                                                            |           |           |                  |   |    |                                             |   |   |         |   |   |   |   |   |
| Net earnings (loss)                                                                                                                                                         | $              | 27,524         |                  | $      | (37,015 | )                                                |   | $      | 2,166        |   |   | $ |  (7,325 | ) |
| Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities:                                                                             |           |           |                  |   |    |                                             |   |   |         |   |   |   |   |   |
|     Depreciation and amortization of property and equipment                                                                                                  |           | 27,030         |                  |   | 19,508  |                                             |   |   | 745          |   |   |   | 47,283 |   |
|     Amortization of debt issuance costs and swap termination         payments, net                              |           | 282            |                  |   | — |                                             |   |   | —      |   |   |   | 282 |   |
|     Deferred income taxes and other income tax related items                                                                                                 |           | (638           | )                     |   | — |                                             |   |   | —      |   |   |   | (638 | ) |
|     Share-based compensation                                                                                                                                 |           | 4,489          |                  |   | — |                                             |   |   | —      |   |   |   | 4,489 |   |
|     Amortization of deferred gain on sale-leasebacks                                                                                                         |           | (1,056         | )                     |   | — |                                             |   |   | —      |   |   |   | (1,056 | ) |
|     Loss on the sale of assets                                                                                                                               |           | 83             |                  |   | 46      |                                             |   |   | —      |   |   |   | 129 |   |
|     Non-cash impairment, disposal and restructuring charges, net                                                                                             |           | 3,506          |                  |   | 7,469   |                                             |   |   | —      |   |   |   | 10,975 |   |
| Noncontrolling interests                                                                                                                                                         |           | —        |                  |   | — |                                             |   |   | (83          | )      |   |   | (83 | ) |
|     Changes in assets and liabilities:                                                                                                                       |           |           |                  |   |    |                                             |   |   |         |   |   |   |   |   |
|          Trade accounts and other receivables                                                                                       |           | 3,464          |                  |   | (1,314  | )                                                |   |   | 11           |   |   |   | 2,161 |   |
|          Inventories                                                                                                                |           | (127           | )                     |   | 6,897   |                                             |   |   | 66           |   |   |   | 6,836 |   |
|          Other current assets                                                                                                       |           | 11             |                  |   | 2,501   |                                             |   |   | 32           |   |   |   | 2,544 |   |
|          Trade accounts payable                                                                                                     |           | (3,069         | )                     |   | (3,217  | )                                                |   |   | (5,079       | )      |   |   | (11,365 | ) |
|          Deferred revenue                                                                                                           |           | —        |                  |   | (93     | )                                                |   |   | (51          | )      |   |   | (144 | ) |
|          Accrued payroll, accrued expenses, and federal, state and local         taxes |           | (2,655         | )                     |   | (3,690  | )                                                |   |   | (78          | )      |   |   | (6,423 | ) |
|          Other long-term assets and liabilities                                                                                     |           | 5,846          |                  |   | 575     |                                             |   |   | (5,694       | )      |   |   | 727 |   |
| Net cash provided by (used in) operating activities                                                                                                                              |           | 64,690         |                  |   | (8,333  | )                                                |   |   | (7,965       | )      |   |   | 48,392 |   |
| Cash Flows from Investing Activities:                                                                                                                                            |           |           |                  |   |    |                                             |   |   |         |   |   |   |   |   |
| Additions to property and equipment                                                                                                                                              |           | (10,181        | )                     |   | (6,714  | )                                                |   |   | 2,231        |   |   |   | (14,664 | ) |
| Proceeds from the sale of assets                                                                                                                                                 |           | 68             |                  |   | 7,903   |                                             |   |   | —      |   |   |   | 7,971 |   |
| Other, net                                                                                                                                                                       |           | (28,692        | )                     |   | 29,536  |                                             |   |   | (799         | )      |   |   | 45 |   |
| Net cash (used in) provided by investing activities                                                                                                                              |           | (38,805        | )                     |   | 30,725  |                                             |   |   | 1,432        |   |   |   | (6,648 | ) |
| Cash Flows from Financing Activities:                                                                                                                                            |           |           |                  |   |    |                                             |   |   |         |   |   |   |   |   |
| Payments on long-term debt and capitalized lease obligations                                                                                                                     |           | (30,452        | )                     |   | — |                                             |   |   | —      |   |   |   | (30,452 | ) |
| Payments to noncontrolling interests                                                                                                                                             |           | (300           | )                     |   | — |                                             |   |   | —      |   |   |   | (300 | ) |
| Proceeds from the exercise of stock options and issuances under stock purchase plan                                                                                              |           | 799            |                  |   | — |                                             |   |   | —      |   |   |   | 799 |   |
| Proceeds from swap cancellation                                                                                                                                                  |           | 3,510          |                  |   | — |                                             |   |   | —      |   |   |   | 3,510 |   |
| Shares tendered and retired for minimum tax withholding                                                                                                                          |           | (220           | )                     |   | — |                                             |   |   | —      |   |   |   | (220 | ) |
| Debt issuance costs                                                                                                                                                              |           | (19            | )                     |   | — |                                             |   |   | —      |   |   |   | (19 | ) |
| Net cash used in financing activities                                                                                                                                            |           | (26,682        | )                     |   | — |                                             |   |   | —      |   |   |   | (26,682 | ) |
| (Decrease) increase in cash and cash equivalents                                                                                                                                 |           | (797           | )                     |   | 22,392  |                                             |   |   | (6,533       | )      |   |   | 15,062 |   |
| Cash and cash equivalents at beginning of the year                                                                                                                               |           | 2,924          |                  |   | (2,639  | )                                                |   |   | 6,533        |   |   |   | 6,818 |   |
| Cash and cash equivalents at end of the year                                                                                                                                     | $              | 2,127          |                  | $      | 19,753  |                                             |   | $      | —      |   |   | $ | 21,880 |   |

----

|                                                                                                                                                                             | Parent Company |           | Subsidiary Guarantors |   |     | Minor Subsidiaries and Consolidating Adjustments |   |   | Consolidated |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------|----------------|-----------------------|--------|----------|--------------------------------------------------|--------|--------|--------------|--------|
|                                                                                                                                                                             |           | (in thousands) |                  |
| Cash Flows from Operating Activities:                                                                                                                                            |           |           |                  |   |     |                                             |   |   |         |   |   |   |   |   |
| Net earnings (loss)                                                                                                                                                         | $              | 3,904          |                  | $      | (136,044 | )                                                |   | $      | (357         | )      |   | $ |  (132,497 | ) |
| Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities:                                                                        |           |           |                  |   |     |                                             |   |   |         |   |   |   |   |   |
|     Depreciation and amortization of property and equipment                                                                                                  |           | 29,322         |                  |   | 20,540   |                                             |   |   | 914          |   |   |   | 50,776 |   |
|     Amortization of debt issuance costs and swap termination         payments, net                              |           | 1,326          |                  |   | —  |                                             |   |   | —      |   |   |   | 1,326 |   |
|     Deferred income taxes and other income tax related items                                                                                                 |           | 22,666         |                  |   | —  |                                             |   |   | —      |   |   |   | 22,666 |   |
|     Share-based compensation                                                                                                                                 |           | 5,917          |                  |   | —  |                                             |   |   | —      |   |   |   | 5,917 |   |
|     Amortization of deferred gain on sale-leasebacks                                                                                                         |           | (1,056         | )                     |   | —  |                                             |   |   | —      |   |   |   | (1,056 | ) |
|     Loss on the sale of assets                                                                                                                               |           | 59             |                  |   | —  |                                             |   |   | —      |   |   |   | 59 |   |
|     Goodwill impairment                                                                                                                                      |           | —        |                  |   | 93,656   |                                             |   |   | —      |   |   |   | 93,656 |   |
|     Non-cash impairment, disposal and restructuring charges, net                                                                                             |           | 46             |                  |   | 14,208   |                                             |   |   | 2,634        |   |   |   | 16,888 |   |
|     Changes in assets and liabilities:                                                                                                                       |           |           |                  |   |     |                                             |   |   |         |   |   |   |   |   |
|          Trade accounts and other receivables                                                                                       |           | (3,217         | )                     |   | 1,260    |                                             |   |   | (83          | )      |   |   | (2,040 | ) |
|          Inventories                                                                                                                |           | (430           | )                     |   | (4,967   | )                                                |   |   | (9           | )      |   |   | (5,406 | ) |
|          Other current assets                                                                                                       |           | (2             | )                     |   | (3,386   | )                                                |   |   | 10           |   |   |   | (3,378 | ) |
|          Trade accounts payable                                                                                                     |           | (1,777         | )                     |   | 707      |                                             |   |   | 6,728        |   |   |   | 5,658 |   |
|          Deferred revenue                                                                                                           |           | —        |                  |   | 420      |                                             |   |   | (116         | )      |   |   | 304 |   |
|          Accrued payroll, accrued expenses, and federal, state and local         taxes |           | 4,075          |                  |   | 119      |                                             |   |   | 180          |   |   |   | 4,374 |   |
|          Other long-term assets and liabilities                                                                                     |           | (3,439         | )                     |   | (1,035   | )                                                |   |   | 1,563        |   |   |   | (2,911 | ) |
| Net cash provided by (used in) operating activities                                                                                                                              |           | 57,394         |                  |   | (14,522  | )                                                |   |   | 11,464       |   |   |   | 54,336 |   |
| Cash Flows from Investing Activities:                                                                                                                                            |           |           |                  |   |     |                                             |   |   |         |   |   |   |   |   |
| Additions to property and equipment                                                                                                                                              |           | (20,582        | )                     |   | (28,851  | )                                                |   |   | 2,033        |   |   |   | (47,400 | ) |
| Proceeds from the sale of assets                                                                                                                                                 |           | 2,405          |                  |   | —  |                                             |   |   | 1,779        |   |   |   | 4,184 |   |
| Other, net                                                                                                                                                                       |           | (26,735        | )                     |   | 34,465   |                                             |   |   | (7,627       | )      |   |   | 103 |   |
| Net cash (used in) provided by investing activities                                                                                                                              |           | (44,912        | )                     |   | 5,614    |                                             |   |   | (3,815       | )      |   |   | (43,113 | ) |
| Cash Flows from Financing Activities:                                                                                                                                            |           |           |                  |   |     |                                             |   |   |         |   |   |   |   |   |
| Proceeds from long-term debt                                                                                                                                                     |           | 23,812         |                  |   | —  |                                             |   |   | —      |   |   |   | 23,812 |   |
| Payments on long-term debt and capitalized lease obligations                                                                                                                     |           | (8,360         | )                     |   | —  |                                             |   |   | (1,149       | )      |   |   | (9,509 | ) |
| Dividends Paid                                                                                                                                                                   |           | (3,864         | )                     |   | —  |                                             |   |   | —      |   |   |   | (3,864 | ) |
| Shares repurchased                                                                                                                                                               |           | (24,775        | )                     |   | —  |                                             |   |   | —      |   |   |   | (24,775 | ) |
| Proceeds from the exercise of stock options and issuances under stock purchase plan                                                                                              |           | 1,109          |                  |   | —  |                                             |   |   | —      |   |   |   | 1,109 |   |
| Excess tax benefit derived from share-based payments                                                                                                                             |           | 177            |                  |   | —  |                                             |   |   | —      |   |   |   | 177 |   |
| Shares tendered and retired for minimum tax withholding                                                                                                                          |           | (583           | )                     |   | —  |                                             |   |   | —      |   |   |   | (583 | ) |
| Debt issuance costs                                                                                                                                                              |           | (891           | )                     |   | —  |                                             |   |   | —      |   |   |   | (891 | ) |
| Other financing activities                                                                                                                                                       |           | 137            |                  |   | —  |                                             |   |   | —      |   |   |   | 137 |   |
| Net cash used in financing activities                                                                                                                                            |           | (13,238        | )                     |   | —  |                                             |   |   | (1,149       | )      |   |   | (14,387 | ) |
| (Decrease) increase in cash and cash equivalents                                                                                                                                 |           | (756           | )                     |   | (8,908   | )                                                |   |   | 6,500        |   |   |   | (3,164 | ) |
| Cash and cash equivalents at beginning of the year                                                                                                                               |           | 3,680          |                  |   | 6,269    |                                             |   |   | 33           |   |   |   | 9,982 |   |
| Cash and cash equivalents at end of the year                                                                                                                                     | $              | 2,924          |                  | $      | (2,639   | )                                                |   | $      | 6,533        |   |   | $ |  6,818 |   |

----

|                                                                                                                                                                                                                | Parent Company |           | Subsidiary Guarantors |   |    | Minor Subsidiaries and Consolidating Adjustments |   |   | Consolidated |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------|----------------|-----------------------|--------|---------|--------------------------------------------------|--------|--------|--------------|--------|
|                                                                                                                                                                                                                |           | (in thousands) |                  |
| Cash Flows from Operating Activities:                                                                                                                                                                               |           |           |                  |   |    |                                             |   |   |         |   |   |   |   |   |
| Net (loss) earnings                                                                                                                                                                                            | $              | (17,992        | )                     | $      | 26,044  |                                             |   | $      | (743         | )      |   | $ | 7,309 |   |
| Adjustments to reconcile net (loss) earnings to net cash provided by (used in) operating activities:                                                                                                           |           |           |                  |   |    |                                             |   |   |         |   |   |   |   |   |
|     Depreciation and amortization of property and equipment                                                                                                                                     |           | 28,746         |                  |   | 20,946  |                                             |   |   | 1,190        |   |   |   | 50,882 |   |
|     Amortization of debt issuance costs and swap termination         payments, net                                                                 |           | 870            |                  |   | — |                                             |   |   | —      |   |   |   | 870 |   |
|     Deferred income taxes and other income tax related items                                                                                                                                    |           | (7,760         | )                     |   | — |                                             |   |   | —      |   |   |   | (7,760 | ) |
|     Share-based compensation                                                                                                                                                                    |           | 4,036          |                  |   | — |                                             |   |   | —      |   |   |   | 4,036 |   |
|     Amortization of deferred gain on sale-leasebacks                                                                                                                                            |           | (1,056         | )                     |   | — |                                             |   |   | —      |   |   |   | (1,056 | ) |
|     Loss on the sale of assets                                                                                                                                                                  |           | 199            |                  |   | — |                                             |   |   | —      |   |   |   | 199 |   |
|     Impairment, disposal and restructuring charges, net                                                                                                                                         |           | (2,647         | )                     |   | 11,619  |                                             |   |   | 5,010        |   |   |   | 13,982 |   |
| Noncontrolling interests                                                                                                                                                                                            |           | (77            | )                     |   | — |                                             |   |   | —      |   |   |   | (77 | ) |
|     Changes in assets and liabilities:                                                                                                                                                          |           |           |                  |   |    |                                             |   |   |         |   |   |   |   |   |
|          Trade accounts receivable                                                                                                                                     |           | (1,834         | )                     |   | (651    | )                                                |   |   | 36           |   |   |   | (2,449 | ) |
|          Inventories                                                                                                                                                   |           | (432           | )                     |   | 12,712  |                                             |   |   | 30           |   |   |   | 12,310 |   |
|          Other current assets                                                                                                                                          |           | 423            |                  |   | 955     |                                             |   |   | (4           | )      |   |   | 1,374 |   |
|          Trade accounts payable                                                                                                                                        |           | (6,728         | )                     |   | (4,453  | )                                                |   |   | 4,441        |   |   |   | (6,740 | ) |
|          Deferred revenue                                                                                                                                              |           | —        |                  |   | (1,972  | )                                                |   |   | 16           |   |   |   | (1,956 | ) |
|          Accrued payroll, accrued expenses, and federal, state and             local  taxes |           | (9,320         | )                     |   | 173     |                                             |   |   | (29          | )      |   |   | (9,176 | ) |
|          Other long-term assets and liabilities                                                                                                                        |           | 2,958          |                  |   | (1,186  | )                                                |   |   | 2,131        |   |   |   | 3,903 |   |
| Net cash (used in) provided by operating activities                                                                                                                                                                 |           | (10,614        | )                     |   | 64,187  |                                             |   |   | 12,078       |   |   |   | 65,651 |   |
| Cash Flows from Investing Activities:                                                                                                                                                                               |           |           |                  |   |    |                                             |   |   |         |   |   |   |   |   |
| Additions to property and equipment                                                                                                                                                                                 |           | (18,835        | )                     |   | (31,482 | )                                                |   |   | (1,681       | )      |   |   | (51,998 | ) |
| Proceeds from the sale of assets                                                                                                                                                                                    |           | 4,303          |                  |   | 10,391  |                                             |   |   | —      |   |   |   | 14,694 |   |
| Other, net                                                                                                                                                                                                          |           | 64,191         |                  |   | (53,351 | )                                                |   |   | (10,694      | )      |   |   | 146 |   |
| Net cash provided by (used in) investing activities                                                                                                                                                                 |           | 49,659         |                  |   | (74,442 | )                                                |   |   | (12,375      | )      |   |   | (37,158 | ) |
| Cash Flows from Financing Activities:                                                                                                                                                                               |           |           |                  |   |    |                                             |   |   |         |   |   |   |   |   |
| Payments on long-term debt and capitalized lease obligations                                                                                                                                                        |           | (10,415        | )                     |   | — |                                             |   |   | —      |   |   |   | (10,415 | ) |
| Dividends Paid                                                                                                                                                                                                      |           | (4,228         | )                     |   | — |                                             |   |   | —      |   |   |   | (4,228 | ) |
| Shares repurchased                                                                                                                                                                                                  |           | (30,000        | )                     |   | — |                                             |   |   | —      |   |   |   | (30,000 | ) |
| Proceeds from the exercise of stock options and issuances under stock purchase plan                                                                                                                                 |           | 6,262          |                  |   | — |                                             |   |   | —      |   |   |   | 6,262 |   |
| Excess tax benefit derived from share-based payments                                                                                                                                                                |           | 737            |                  |   | — |                                             |   |   | —      |   |   |   | 737 |   |
| Shares tendered and retired for minimum tax withholding                                                                                                                                                             |           | (738           | )                     |   |    |                                             |   |   |         |   |   |   | (738 | ) |
| Debt issuance costs                                                                                                                                                                                                 |           | (52            | )                     |   | — |                                             |   |   | —      |   |   |   | (52 | ) |
| Net cash used in financing activities                                                                                                                                                                               |           | (38,434        | )                     |   | — |                                             |   |   | —      |   |   |   | (38,434 | ) |
| Increase (decrease) in cash and cash equivalents                                                                                                                                                                    |           | 611            |                  |   | (10,255 | )                                                |   |   | (297         | )      |   |   | (9,941 | ) |
| Cash and cash equivalents at beginning of the year                                                                                                                                                                  |           | 3,069          |                  |   | 16,524  |                                             |   |   | 330          |   |   |   | 19,923 |   |
| Cash and cash equivalents at end of the year                                                                                                                                                                        | $              | 3,680          |                  | $      | 6,269   |                                             |   | $      | 33           |   |   | $ | 9,982 |   |

----

|                                        |   | Balance at Beginning of Period |   | Additions Charged to Costs and Expenses |   | Charged to Other Accounts |   | Deductions |    | Balance at End of Period |
|---------------------------------------------|--------|--------------------------------|--------|-----------------------------------------|--------|---------------------------|--------|------------|---------|--------------------------|
| Description                                 |   |                           |   |                                    |   |
| Valuation allowance for deferred tax assets |   |                           |   |                                    |   |                      |   |       |    |                     |   |   |   |   |   |
| Year ended December 27, 2009           |   | $                              | 65,791 |                                    | $      | 8,298                     |   | $          | — |                     | $ | 1,826 |   | $ | 72,263 |
| Year ended December 28, 2008           |   | $                              | 4,772  |                                    | $      | 61,621                    |   | $          | — |                     | $ | 602 |   | $ | 65,791 |
| Year ended December 30, 2007           |   | $                              | 4,288  |                                    | $      | 485                       |   | $          | — |                     | $ | 1 |   | $ | 4,772 |
|                                        |   |                           |   |                                    |   |                      |   |       |    |                     |   |   |   |   |   |

----

|   | (i) | pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the Company; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the Company are being made only in accordance with authorizations of management and directors of the Company; and |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the Company’s assets that could have a material effect on the financial statements. |
|--------|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

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| (a) | 1. Financial Statements: See Item 8 |
|-----|-------------------------------------|

|   | 2. | Financial Statement Schedules: See Item 8 |
|--------|----|-------------------------------------------|

|   | 3. | Management Contracts and Compensatory Plans and Arrangements |
|--------|----|--------------------------------------------------------------|

|   | • | CHUX Ownership Plan (included as Exhibit 10.1) |
|--------|---------|------------------------------------------------|

|   | • | Amendment to CHUX Ownership Plan (included as Exhibit 10.2) |
|--------|---------|-------------------------------------------------------------|

|   | • | O’Charley’s 2000 Stock Incentive Plan (included as Exhibit 10.3) |
|--------|---------|------------------------------------------------------------------------------|

|   | • | O’Charley’s Inc. Executive Incentive Plan (included as Exhibit 10.4) |
|--------|---------|----------------------------------------------------------------------------------|

|   | • | O’Charley’s Inc. 2008 Equity and Incentive Plan (included as Exhibit 10.5) |
|--------|---------|----------------------------------------------------------------------------------------|

|   | • | Form of Incentive Stock Option Agreement (included as Exhibit 10.18) |
|--------|---------|----------------------------------------------------------------------|

|   | • | Form of Non-Qualified Stock Option Agreement (included as Exhibit 10.19) |
|--------|---------|--------------------------------------------------------------------------|

|   | • | Form of Restricted Stock Agreement for Employees (Time-Based Vesting) (included as Exhibit 10.20) |
|--------|---------|---------------------------------------------------------------------------------------------------|

|   | • | Form of Restricted Stock Agreement for Employees (Performance-Based Vesting) (included as Exhibit 10.21) |
|--------|---------|----------------------------------------------------------------------------------------------------------|

|   | • | Form of Restricted Stock Agreement for Employees (Performance-Based Vesting) (included as Exhibit 10.22) |
|--------|---------|----------------------------------------------------------------------------------------------------------|

|   | • | Form of Restricted Stock Agreement for Employees (Time-Based Vesting) (included as Exhibit 10.23) |
|--------|---------|---------------------------------------------------------------------------------------------------|

|   | • | Form of Restricted Stock Agreement for Directors (included as Exhibit 10.24) |
|--------|---------|------------------------------------------------------------------------------|

|   | • | Form of Non-qualified Stock Option (included as Exhibit 10.25) |
|--------|---------|----------------------------------------------------------------|

|   | • | Summary of Director and Executive Officer Compensation (included as Exhibit 10.27) |
|--------|---------|------------------------------------------------------------------------------------|

|   | • | O’Charley’s Inc. Deferred Compensation Plan (restated) (included as Exhibit 10.28) |
|--------|---------|------------------------------------------------------------------------------------------------|

|   | • | Amended and Restated Executive Employment Agreement, dated June 3, 2009, between O’Charley’s Inc. and Jeffrey D. Warne (included as Exhibit 10.29) |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Form of Executive Employment Agreement, dated November 6, 2007, between O’Charley’s Inc. and each of Lawrence E. Hyatt, Wilson L. Craft, John R. Grady and Lawrence D. Taylor (included as Exhibit 10.30) |
|--------|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Form of First Amendment to O’Charley’s Inc. Executive Employment Agreement, dated January 12, 2009 (included as Exhibit 10.31) |
|--------|---------|--------------------------------------------------------------------------------------------------------------------------------------------|

| •        | Form of Second Amendment to O’Charley’s Inc. Executive Employment Agreement, dated March 11, 2009 (included as Exhibit 10.32) |
|----------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | First Amendment to O’Charley’s Inc. Executive Employment Agreement between O’Charley’s Inc. and Lawrence E. Hyatt dated January 12, 2009 (included as Exhibit 10.33) |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Executive Employment Agreement, dated March 10, 2008, between O’Charley’s Inc. and Gregory L. Burns (included as Exhibit 10.34) |
|--------|---------|---------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Transition Agreement and General Release, dated February 12, 2009, between O’Charley’s Inc. and Gregory L. Burns (included as Exhibit 10.35) |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ExhibitNumber |           |  Description                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|---------------|---------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2.1           |  —  |  Asset Purchase Agreement by and among O’Charley’s Inc., 99 Boston, Inc., 99 Boston of Vermont, Inc., Doe Family II LLC, and each of William A. Doe, III, Dana G. Doe and Charles F. Doe, Jr. (Pursuant to Item 601 (b)(2) of Regulation S-K, the schedules and exhibits to this agreement are omitted, but will be provided supplementallyto the Commission upon request.) (incorporated herein by reference to Exhibit 2.1 of the Company’s Current Report on Form 8-K filed with the Commission on November 1, 2002) (File No. 0-18629)                                           |
| 2.2           |  —  |  Merger Agreement by and among O’Charley’s Inc., Volunteer Acquisition Corporation, 99 West, Inc., and each of William A. Doe, III, Dana G. Doe and Charles F. Doe, Jr. (Pursuant to Item 601(b)(2) of Regulation S-K, the schedules and exhibits to this agreement are omitted, but will be provided supplementally to the Commission uponrequest.) (incorporated herein by reference to Exhibit 2.2 of the Company’s Current Report on Form 8-K filed with the Commission on November 1, 2002) (File No. 0-18629)                                                                  |
| 3.1           |  —  |  Restated Charter of O’Charley’s Inc. (restated electronically for Commission filing purposes only) (incorporated by reference to Exhibit 3.1 of the Company’s Current Report on Form 8-K filed with the Commission on May 13, 2009)                                                                                                                                                                                                                                                                                                                                                 |
| 3.2           |  —  |  Amended and Restated Bylaws of O’Charley’s Inc. (incorporated by reference to Exhibit 3.2 of the Company’s Current Report on Form 8-K filed with the Commission on May 13, 2009)                                                                                                                                                                                                                                                                                                                                                                                                    |
| 4.1           |  —  |  Form of Certificate for the Common Stock (incorporated by reference to Exhibit 4.1 of the Company’s Registration Statement on Form S-1, Registration No. 33-35170)                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 4.2           |  —  |  Rights Agreement, dated December 8, 2000, between the Company and First Union National Bank, as Rights Agent (incorporated by reference to Exhibit 4 of the Company’s Current Report on Form 8-K filed with the Commission on December 27, 2000) (File No. 0-18629)                                                                                                                                                                                                                                                                                                                             |
| 4.3           |  —  |  Indenture, dated as of November 4, 2003, by and among O’Charley’s Inc., various direct and indirect subsidiaries of O’Charley’s Inc. and The Bank of New York (including Form of 144A Global Note and Form of Regulation S Temporary Global Note). (incorporated by reference to Exhibit 10.3 of the Company’s QuarterlyReport on Form 10-Q for the quarter ended October 5, 2003) (File No. 0-18629)                                                                                                                                                                   |
| 10.1          |  —  |  CHUX Ownership Plan (incorporated by reference to Appendix B to the Company’s Definitive Proxy Statement for the 2009 Annual Meeting of Shareholders filed with the Commission on April 8, 2009)                                                                                                                                                                                                                                                                                                                                                                                                |
| 10.2          |  —  |  Amendment to CHUX Ownership Plan                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 10.3          |  —  |  O’Charley’s 2000 Stock Incentive Plan (incorporated by reference to Exhibit 10.1 of the Company’s Quarterly Report on Form 10-Q for the quarter ended July 9, 2000) (File No. 0-18629)                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.4          |  —  |  O’Charley’s Inc. Executive Incentive Plan (incorporated by reference to Exhibit A to the Company’s Definitive Proxy Statement for the 2007 Annual Meeting of Shareholders filed with the Commission on April 19, 2007) (File No. 0-18629)                                                                                                                                                                                                                                                                                                                                           |
| 10.5          |  —  |  O’Charley’s Inc. 2008 Equity and Incentive Plan (incorporated by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K filed with the Commission on May 28, 2008)                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.6          |  —  |  Master Lease, dated December 4, 2001, by and between Double 9 Property I LLC and Doe Family II LLC (incorporated by reference to Exhibit 10.33 of the Company’s Annual Report on Form 10-K for the year ended December 29, 2002) (File No. 0-18629)                                                                                                                                                                                                                                                                                                                                             |
| 10.7          |  —  |  Assignment and Assumption of Lease and Acknowledgement of Master Lease Assignment and Subordination, Nondisturbance and Attornment Agreement, dated January 27, 2003, by and among Doe Family II LLC, 99 West, Inc., Double 9 Property I LLC, 99 Remainder I LLC and GE Capital Franchise Finance Corporation (incorporated by reference to Exhibit10.34 of the Company’s Annual Report on Form 10-K for the year ended December 29, 2002) (File No. 0-18629)                                                                                                                                   |
| 10.8          |  —  |  Master Lease, dated December 4, 2001, by and between Double 9 Property II LLC and Doe Family II LLC (incorporated by reference to Exhibit 10.35 of the Company’s Annual Report on Form 10-K for the year ended December 29, 2002) (File No. 0-18629)                                                                                                                                                                                                                                                                                                                                            |
| 10.9          |  —  |  First Amendment to Master Lease, dated February 1, 2002, by and between Double 9 Property II LLC and Doe Family II LLC (incorporated by reference to Exhibit 10.36 of the Company’s Annual Report on Form 10-K for the year ended December 29, 2002) (File No. 0-18629)                                                                                                                                                                                                                                                                                                                         |
| 10.10         |  —  |  Assignment and Assumption of Lease and Acknowledgement of Master Lease Assignment and Subordination, Nondisturbance and Attornment Agreement, dated January 27, 2003, by and among Doe Family II LLC, 99 West, Inc., Double 9 Property II LLC, 99 Remainder II LLC and GE Capital Franchise Finance Corporation (incorporated by reference to Exhibit10.37 of the Company’s Annual Report on Form 10-K for the year ended December 29, 2002) (File No. 0-18629)                                                                                                                                 |
| 10.11         |  —  |  Master Lease, dated December 4, 2001, by and between Double 9 Property III LLC and Doe Family II LLC (incorporated by reference to Exhibit 10.38 of the Company’s Annual Report on Form 10-K for the year ended December 29, 2002) (File No. 0-18629)                                                                                                                                                                                                                                                                                                                                           |
| 10.12         |  —  |  Assignment and Assumption of Lease and Acknowledgement of Master Lease Assignment and Subordination, Nondisturbance and Attornment Agreement, dated January 27, 2003, by and among Doe Family II LLC, 99 West, Inc., Double 9 Property III LLC, 99 Remainder III LLC and GE Capital Franchise Finance Corporation (incorporated by reference to Exhibit10.39 of the Company’s Annual Report on Form 10-K for the year ended December 29, 2002) (File No. 0-18629)                                                                                                                               |
| 10.13         |  —  |  Master Lease, dated December 4, 2001, by and between Double 9 Property IV LLC and Doe Family II LLC (incorporated by reference to Exhibit 10.40 of the Company’s Annual Report on Form 10-K for the year ended December 29, 2002) (File No. 0-18629)                                                                                                                                                                                                                                                                                                                                            |
| 10.14         |  —  |  First Amendment to Master Lease, dated February 1, 2002, by and between Double 9 Property IV LLC and Doe Family II LLC (incorporated by reference to Exhibit 10.41 of the Company’s Annual Report on Form 10-K for the year ended December 29, 2002) (File No. 0-18629)                                                                                                                                                                                                                                                                                                                         |
| 10.15         |  —  |  Assignment and Assumption of Lease and Acknowledgement of Master Lease Assignment and Subordination, Nondisturbance and Attornment Agreement, dated January 27, 2003, by and among Doe Family II LLC, 99 West, Inc., Double 9 Property IV LLC, 99 Remainder IV LLC and GE Capital Franchise Finance Corporation (incorporated by reference to Exhibit10.42 of the Company’s Annual Report on Form 10-K for the year ended December 29, 2002) (File No. 0-18629)                                                                                                                                 |
| 10.16         |  —  |  Third Amended and Restated Credit Agreement, dated as of January 26, 2010, by and among O’Charley’s Inc., as Borrower, the Lenders referred to therein, Wachovia Bank, National Association, as Administrative Agent, Bank of America, N.A. as Syndication Agent, Regions Bank, as Documentation Agent, Wells Fargo Securities, LLC, RegionsBank and Banc of America Securities LLC, as Joint Lead Arrangers and Joint Book Running Managers (incorporated by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K filed with the Commission on January 27, 2010)  |
| 10.17         |  —  |  Form of Lease Agreement by and between CNL Funding 2001-A, LP, as landlord, and O’Charley’s Inc., as tenant. In accordance with Rule 12b-31 under the Exchange Act, copies of other lease agreements, which are substantially identical to Exhibit 10.1 in all material respects, except as to the landlord, the tenant, the property involvedand the rent due thereunder, are omitted. (incorporated by reference to Exhibit 10.39 of the Company’s Registration Statement on Form S-4, Registration No. 333-112429-03)                                                            |
| 10.18         |  —  |  Form of Incentive Stock Option Agreement (incorporated by reference to Exhibit 10.1 of the Company’s Quarterly Report on Form 10-Q for the quarter ended October 3, 2004) (File No. 0-18629)                                                                                                                                                                                                                                                                                                                                                                                                    |
| 10.19         |  —  |  Form of Non-Qualified Stock Option Agreement (incorporated by reference to Exhibit 10.2 of the Company’s Quarterly Report on Form 10-Q for the quarter ended October 3, 2004) (File No. 0-18629)                                                                                                                                                                                                                                                                                                                                                                                                |
| 10.20         |  —  |  Form of Restricted Stock Agreement for Employees (Time-Based Vesting) (incorporated by reference to Exhibit 10.3 of the Company’s Quarterly Report on Form 10-Q for the quarter ended October 3, 2004) (File No. 0-18629)                                                                                                                                                                                                                                                                                                                                                                       |
| 10.21         |  —  |  Form of Restricted Stock Agreement for Employees (Performance-Based Vesting) (incorporated by reference to Exhibit 10.4 of the Company’s Quarterly Report on Form 10-Q for the quarter ended October 3, 2004) (File No. 0-18629)                                                                                                                                                                                                                                                                                                                                                                |
| 10.22         |  —  |  Form of Restricted Stock Agreement for Employees (Performance-Based Vesting) (incorporated by reference to Exhibit 10.37 of the Company’s Annual Report on Form 10-K for the year ended December 30, 2007) (File No. 0-18629)                                                                                                                                                                                                                                                                                                                                                                   |
| 10.23         |  —  |  Form of Restricted Stock Agreement for Employees (Time-Based Vesting) (incorporated by reference to Exhibit 10.38 of the Company’s Annual Report on Form 10-K for the year ended December 30, 2007) (File No. 0-18629)                                                                                                                                                                                                                                                                                                                                                                          |
| 10.24         |  —  |  Form of Restricted Stock Agreement for Directors (incorporated by reference to Exhibit 10.5 of the Company’s Quarterly Report on Form 10-Q for the quarter ended October 3, 2004) (File No. 0-18629)                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.25         |  —  |  Form of Non-Qualified Stock Option (incorporated by reference to Exhibit 10.2 of the Company’s Quarterly Report on Form 10-Q for the quarter ended April 19, 2009)                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.26         |  —  |  Lease, dated as of December 17, 2004, between Bellingham Mechanic, LLC and 99 Commissary, LLC and related Guaranty. (incorporated by reference to Exhibit 10.63 of the Company’s Annual Report on Form 10-K for the year ended December 26, 2004)                                                                                                                                                                                                                                                                                                                                               |
| 10.27         |  —  |  Summary of Director and Executive Officer Compensation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 10.28         |  —  |  O’Charley’s Inc. Deferred Compensation Plan (restated)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 10.29         |  —  |  Amended and Restated Executive Employment Agreement, dated June 3, 2009, between O’Charley’s Inc and Jeffrey D. Warne (incorporated by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K filed with the Commission on June 4, 2009)                                                                                                                                                                                                                                                                                                                             |
| 10.30         |  —  |  Form of Executive Employment Agreement, dated November 6, 2007, between O’Charley’s Inc. and each of Lawrence E. Hyatt, John R. Grady and Lawrence D. Taylor (incorporated by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K filed with the Commission on November 9, 2007)                                                                                                                                                                                                                                                                                  |
| 10.31         |  —  |  Form of First Amendment to O’Charley’s Inc. Executive Employment Agreement, dated January 12, 2009 (incorporated by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K filed with the Commission on January 16, 2009)                                                                                                                                                                                                                                                                                                                                            |
| 10.32         |  —  |  Form of Second Amendment to O’Charley’s Inc. Executive Employment Agreement, dated March 11, 2009 (incorporated by reference to Exhibit 10.55 of the Company’s Annual Report on Form 10-K for the fiscal year ended December 28, 2008)                                                                                                                                                                                                                                                                                                                                              |
| 10.33         |  —  |  First Amendment to O’Charley’s Inc. Executive Employment Agreement between O’Charley’s Inc. and Lawrence E. Hyatt, dated January 12, 2009 (incorporated by reference to Exhibit 10.2 of the Company’s Current Report on Form 8-K filed with the Commission on January 16, 2009)                                                                                                                                                                                                                                                                                         |
| 10.34         |  —  |  Executive Employment Agreement, dated March 10, 2008, between O’Charley’s Inc. and Gregory L. Burns (incorporated by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K filed with the Commission on March 11, 2008)                                                                                                                                                                                                                                                                                                                                             |
| 10.35         |  —  |  Transition Agreement and General Release, dated February 12, 2009, between O’Charley’s Inc. and Gregory L. Burns (incorporated by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K filed with the Commission on February 12, 2009)                                                                                                                                                                                                                                                                                                                             |
| 10.36         |  —  |  Settlement Agreement, dated as of March 12, 2008, by and among O’Charley’s Inc., Eric S. Rosenfeld, Crescendo Partners II, L.P., Series Z, Crescendo Partners III, L.P., Crescendo Investments II, LLC and Crescendo Investments III, LLC (incorporated by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-Kfiled with the Commission on December 24, 2008)                                                                                                                                                                                                     |
| 10.37         |  —  |  Second Settlement Agreement, dated as of December 22, 2008, by and among O’Charley’s Inc., Eric S. Rosenfeld, Crescendo Partners II, L.P., Series Z, Crescendo Partners III, L.P., Crescendo Investments II, LLC and Crescendo Investments III, LLC (incorporated by reference to Exhibit 10.1 of the Company’s Current Report onForm 8-K filed with the Commission on March 13, 2008)                                                                                                                                                                                              |
| 21            |  —  |  Subsidiaries of the Company                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 23            |  —  |  Consent of KPMG LLP                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 31.1          | —             |  Certification Jeffrey D. Warne, Chief Executive Officer of O’Charley’s Inc., pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 31.2          |  —  |  Certification Lawrence E. Hyatt, Chief Financial Officer of O’Charley’s Inc., pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 32.1          | —             |  Certification of Jeffrey D. Warne, Chief Executive Officer of O’Charley’s Inc., pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002                                                                                                                                                                                                                                                                                                                                                                                                  |
| 32.2          |  —  |  Certification of Lawrence E. Hyatt, Chief Financial Officer of O’Charley’s Inc., pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002                                                                                                                                                                                                                                                                                                                                                                                                 |

----

|                     | Signature |                                              |   |                | Title |   |   |   | Date |   |
|--------------------------|-----------|---------------------------------------------------|--------|---------------------|-------|--------|--------|--------|------|--------|
| /s/JEFFREY D. WARNE      |      | Director, Chief Executive Officer and President   |   | March 12, 2010 |
| Jeffrey D. Warne         |      | (Principal Executive Officer)                     |   |                |
| /s/ LAWRENCE E. HYATT    |      | Chief Financial Officer and Treasurer             |   | March 12, 2010 |
| Lawrence E. Hyatt        |      | (Principal Financial Officer)                     |   |                |
| /s/ R. JEFFREY WILLIAMS  |      | Chief Accounting Officer and Corporate Controller |   | March 12, 2010 |
| R. Jeffrey Williams      |      | (Principal Accounting Officer)                    |   |                |
| /s/ PHILIP J. HICKEY, JR |      | Chairman of the Board                             |   | March 12, 2010      |
| Philip J. Hickey, Jr.    |      |                                              |   |                |
| /s/ ARNAUD AJDLER        |      | Director                                          |   | March 12, 2010      |
| Arnaud Ajdler            |      |                                              |   |                |
| /s/ WILLIAM F. ANDREWS   |      | Director                                          |   | March 12, 2010      |
| William F. Andrews       |      |                                              |   |                |
| /s/ DOUGLAS BENHAM       |      | Director                                          |   | March 12, 2010      |
| Douglas Benham           |      |                                              |   |                |
| /s/ GREGORY MONAHAN      |      | Director                                          |   | March 12, 2010      |
| Gregory Monahan          |      |                                              |   |                |
| /s/ DALE W. POLLEY       |      | Director                                          |   | March 12, 2010 |
| Dale W. Polley           |      |                                              |   |                |
| /s/ RICHARD REISS, JR    |      | Director                                          |   | March 12, 2010 |
| Richard Reiss, Jr.  |      |                                              |   |                |
| /s/ H. STEVE TIDWELL     |      | Director                                          |   | March 12, 2010 |
| H. Steve Tidwell         |      |                                              |   |                |
| /s/ ROBERT J. WALKER     |      | Director                                          |   | March 12, 2010 |
| Robert J. Walker         |      |                                              |   |                |
| /s/SHIRLEY A. ZEITLIN    |      | Director                                          |   | March 12, 2010 |
| Shirley A. Zeitlin       |      |                                              |   |                |

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