1. Restatement of Previously Issued Financial Statements

We are restating our consolidated financial statements for the fiscal years ended December 25, 2011, December 26, 2010 and December 27, 2009. In connection with the evaluation of the accounting for newly formed joint ventures, we reviewed our accounting for our previously existing joint venture arrangements. As a result of our review, we determined an error occurred in the accounting for one joint venture agreement, which contained a mandatorily redeemable feature added through a contract amendment in the third quarter of 2009. This provision contained in the 2009 contract amendment was not previously considered in determining the classification and measurement of the noncontrolling interest. In addition, we determined that an additional redeemable noncontrolling interest was incorrectly classified in stockholders’ equity and should be classified as temporary equity.

As a result of the addition of the mandatorily redeemable feature for one joint venture agreement during the third quarter of 2009, we corrected the classification and measurement errors for 2009, 2010 and 2011, by reclassifying the redeemable noncontrolling interest from stockholders’ equity to other long-term liabilities in our consolidated balance sheets. Changes in the redemption value were recorded as interest expense in our consolidated statements of income for the respective periods. In addition, to correct the classification of another joint venture with a redeemable feature, we reclassified $3.4 million of noncontrolling interests from total stockholders’ equity to redeemable noncontrolling interests (temporary equity) as of December 28, 2008 and all subsequent years. The impact of the restatements on the financial statements is outlined in the tables below (in thousands, except per share data). The corrections had no impact on total revenues, operating income or operating cash flows and had no impact on our compliance with debt covenants in any period presented.

	December 25, 2011
	As Previously Reported		Adjustments			As Restated
Consolidated Balance Sheet
Noncurrent deferred income tax liabilities	$	9,147	$	(2,455	)	$	6,692
Other long-term liabilities		25,611		11,065			36,676
Redeemable noncontrolling interests		-		3,965			3,965
Retained earnings		298,807		(4,006	)		294,801
Noncontrolling interests in subsidiaries		8,569		(8,569	)		-
Total stockholders' equity		218,222		(12,575	)		205,647
Consolidated Statement of Income
Interest expense	$	1,497	$	1,484		$	2,981
Income before income taxes		86,275		(1,484	)		84,791
Income tax expense		26,888		(564	)		26,324
Net income, including noncontrolling interests		59,387		(920	)		58,467
Net income, net of noncontrolling interests		55,655		(920	)		54,735
Comprehensive income, including noncontrolling interests		60,387		(920	)		59,467
Basic earnings per common share		2.22		(0.03	)		2.19
Earnings per common share - assuming dilution		2.20		(0.04	)		2.16
Consolidated Statement of Cash Flows
Net income, including noncontrolling interests	$	59,387	$	(920	)	$	58,467
Deferred income taxes		9,909		(564	)		9,345
Other		3,072		1,484			4,556
Net cash provided by operating activities		101,008		-			101,008

	December 26, 2010
	As Previously Reported		Adjustments			As Restated
Consolidated Balance Sheet
Noncurrent deferred income tax liabilities (assets)	$	341	$	(1,892	)	$	(1,551	)
Other long-term liabilities		26,604		9,972			36,576
Redeemable noncontrolling interests		-		3,512			3,512
Retained earnings		243,152		(3,086	)		240,066
Noncontrolling interests in subsidiaries		8,506		(8,506	)		-
Total stockholders' equity		207,200		(11,592	)		195,608
Consolidated Statement of Income
Interest expense	$	5,338	$	(1,029	)	$	4,309
Income before income taxes		82,281		1,029			83,310
Income tax expense		26,856		391			27,247
Net income, including noncontrolling interests		55,425		638			56,063
Net income, net of noncontrolling interests		51,940		638			52,578
Comprehensive income, including noncontrolling interests		57,358		638			57,996
Basic earnings per common share		1.97		0.03			2.00
Earnings per common share - assuming dilution		1.96		0.03			1.99
Consolidated Statement of Cash Flows
Net income, including noncontrolling interests	$	55,425	$	638		$	56,063
Deferred income taxes		4,553		391			4,944
Other		286		(1,029	)		(743	)
Net cash provided by operating activities		92,581		-			92,581

	December 27, 2009
	As Previously Reported		Adjustments			As Restated
Consolidated Balance Sheet
Noncurrent deferred income tax assets	$	6,804	$	2,283		$	9,087
Other long-term liabilities		16,886		10,960			27,846
Redeemable noncontrolling interests		-		3,215			3,215
Retained earnings		191,212		(3,724	)		187,488
Noncontrolling interests in subsidiaries		8,168		(8,168	)		-
Total stockholders' equity		185,037		(11,892	)		173,145
Consolidated Statement of Income
Interest expense	$	5,653	$	6,007		$	11,660
Income before income taxes		90,194		(6,007	)		84,187
Income tax expense		28,985		(2,283	)		26,702
Net income, including noncontrolling interests		61,209		(3,724	)		57,485
Net income, net of noncontrolling interests		57,453		(3,724	)		53,729
Comprehensive income, including noncontrolling interests		63,943		(3,724	)		60,219
Basic earnings per common share		2.07		(0.13	)		1.94
Earnings per common share - assuming dilution		2.06		(0.13	)		1.93
Consolidated Statement of Cash Flows
Net income, including noncontrolling interests	$	61,209	$	(3,724	)	$	57,485
Deferred income taxes		7,469		(2,283	)		5,186
Other		1,071		6,007			7,078
Net cash provided by operating activities		103,826		-			103,826

	December 28, 2008
	As Previously Reported		Adjustments			As Restated
Consolidated Statement of Stockholders' Equity
Noncontrolling interests in subsidiaries	$	8,252	$	(3,414	)	$	4,838
Total stockholders' equity		138,238		(3,414	)		134,824