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Subsequent Events
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12 Months Ended |
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Dec. 30, 2012
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| Subsequent Events |
17. SUBSEQUENT EVENTS Subsequent to December 30, 2012, the Company opened two new restaurants for a total of 41 restaurants. On January 30, 2013, a secondary public offering of the Company’s common stock was completed by certain of the Company’s existing shareholders. The selling shareholders sold 5,175,000 previously outstanding shares, including 675,000 shares sold pursuant to the full exercise of the underwriters’ option to purchase additional shares. The Company did not receive any proceeds from the offering. The selling shareholders paid all of the underwriting discounts and commissions associated with the sale of the shares; however, the Company will incur approximately $550,000 in costs and registration expenses related to the offering, of which $228,000 was expensed during the fourth quarter of 2012. In preparing these financial statements, the Company has evaluated events and transactions for potential recognition and disclosure through the date of issuance. |
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- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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