-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DLkNf2ewilfefGAmbVAa+ApFjErnkzlUTiIFSD17AOeWP411dU8fE5UatW/mMNxS qMpsLBrAuj6mt29qtZgBKg== 0000950144-05-009000.txt : 20060822 0000950144-05-009000.hdr.sgml : 20060822 20050822145220 ACCESSION NUMBER: 0000950144-05-009000 CONFORMED SUBMISSION TYPE: CORRESP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050822 FILER: COMPANY DATA: COMPANY CONFORMED NAME: O CHARLEYS INC CENTRAL INDEX KEY: 0000864233 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] IRS NUMBER: 621192475 STATE OF INCORPORATION: TN FISCAL YEAR END: 1227 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 3038 SIDCO DR CITY: NASHVILLE STATE: TN ZIP: 37204 BUSINESS PHONE: 6152568500 MAIL ADDRESS: STREET 1: 3038 SIDEO DR CITY: NASHVILLE STATE: TN ZIP: 37204 CORRESP 1 filename1.htm SEC Comment Letter to the 10-K
 

August 22, 2005
Mr. Michael Fay
Branch Chief Accountant
Securities and Exchange Commission
Division of Corporate Finance
450 Fifth Street, N.W.
Mail Stop 03-05
Washington, D.C. 20549
     
  Re:
O’Charley’s Inc.
   
Form 10-K for the year ended December 26, 2004
   
File No. 000-18629
   
Filed March 28, 2005
Dear Mr. Fay:
     On behalf of O’Charley’s Inc. (the “Company”), and in response to the staff’s comments contained in your letter dated August 11, 2005 (the “Follow-Up Letter”), I submit this letter containing the Company’s responses to the Follow-Up Letter. The Company’s responses to the Follow-Up Letter correspond to the numbered comments in the Follow-Up Letter
Form 10-K for the year ended December 26, 2004
1.   We note your response to prior comments 6-8. In this regard, FAS 5 indicates that companies should accrue for contingencies that are probable and reasonably estimable. If a potential loss is not reasonably estimable, but a material loss is reasonably possible, then management should disclose the nature of the contingency and an estimate of the possible loss or range of loss. In our view, vague or overly broad disclosures that simply reference general risks or litigation are not sufficient for an investor to understand the specific types of contingencies that management is evaluating. As such, management should make every effort to provide investors with an estimate of the possible loss or range of loss for the Hepatitis A litigation in future filings. For additional guidance regarding contingencies, refer to the December 6, 2004 SEC staff speech delivered by Scott Taub at the 2004 AICPA National Conference on Current SEC and PCAOB Developments.
RESPONSE: On August 19, 2005 the Company filed its Form 10-Q for the second quarter of its 2005 fiscal year. The Company believes that the disclosures

 

 

Mr. Michael Fay
Branch Chief Accountant
Securities and Exchange Commission
August 22, 2005
Page 2

relating to the Hepatitis A litigation contained in that filing are consistent with the staff’s comments.
Please do not hesitate to contact me if you have any questions or further comments.
Sincerely,

Lawrence E. Hyatt
Chief Financial Officer

 

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