TXRH » Topics » (9) Subsequent Event

These excerpts taken from the TXRH 10-K filed Feb 27, 2009.

(17) Subsequent Event

        Effective January 7, 2009, the Company entered into an interest rate swap with a notional amount of $25.0 million to hedge a portion of the cash flows of its variable rate credit facility. The Company has designated the interest rate swap as a cash flow hedge of its exposure to variability of future cash flows attributable to interest payments on a $25.0 million tranche of floating rate debt borrowed under its revolving credit facility. Under the terms of the swap, the Company pays a fixed rate of 2.34% on the $25.0 notional amount and receives payments from the counterparty on the 1-month LIBOR rate for a term ending on January 7, 2016, effectively resulting in a fixed rate LIBOR component of the $25.0 notional amount. Changes in the fair value of the interest rate swap will be reported as a component of accumulated other comprehensive income.

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(17) Subsequent Event




        Effective January 7, 2009, the Company entered into an interest rate swap with a notional amount of $25.0 million to hedge a portion of the cash flows of its variable rate
credit facility. The Company has designated the interest rate swap as a cash flow hedge of its exposure to variability of future cash flows attributable to interest payments on a $25.0 million
tranche of floating rate debt borrowed under its revolving credit facility. Under the terms of the swap, the Company pays a fixed rate of 2.34% on the $25.0 notional amount and receives payments from
the counterparty on the 1-month LIBOR rate for a term ending on January 7, 2016, effectively resulting in a fixed rate LIBOR component of the $25.0 notional amount. Changes in the
fair value of the interest rate swap will be reported as a component of accumulated other comprehensive income.



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EX-10.7
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a2190259zex-10_7.htm
EXHIBIT 10.7










This excerpt taken from the TXRH 10-Q filed May 1, 2008.

(12)  Subsequent Event

 

On March 26, 2008, the first day of the Company’s second fiscal quarter, the Company completed the acquisitions of three franchise restaurants located in Kentucky and Missouri.  Pursuant to the terms of the acquisition agreements, the Company paid an aggregate purchase price of approximately $8.7 million.

 

The Company expects to complete its purchase price allocation relating to this transaction in the third quarter of 2008.

 

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These excerpts taken from the TXRH 10-K filed Feb 25, 2008.

(17) Subsequent Event

        On February 14, 2008, the Company's Board of Directors approved a stock repurchase program under which it authorized the Company to repurchase up to $25.0 million of its Class A common stock. Under this program, the Company may repurchase outstanding shares from time to time in open market transactions during the two-year period ending February 14, 2010. The timing and the amount of any repurchases will be determined by management of the Company under parameters established by its Board of Directors, based on its evaluation of the Company's stock price, market conditions and other corporate considerations.

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(17) Subsequent Event



        On February 14, 2008, the Company's Board of Directors approved a stock repurchase program under which it authorized the Company to repurchase up to
$25.0 million of its Class A common stock. Under this program, the Company may repurchase outstanding shares from time to time in open market transactions during the two-year period
ending February 14, 2010. The timing and the amount of any repurchases will be determined by management of the Company under parameters established by its Board of Directors, based on its
evaluation of the Company's stock price, market conditions and other corporate considerations.



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EX-10.7
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a2182429zex-10_7.htm
EX-10.7







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Exhibit 10.7



This excerpt taken from the TXRH 10-Q filed Aug 2, 2007.

(9)   Subsequent Event

On June 27, 2007, the first day of the Company’s third fiscal quarter, the Company completed the acquisitions of nine franchise restaurants located in Indiana, Kentucky and Missouri.  Pursuant to the terms of the acquisition agreements, the Company paid an aggregate purchase price of approximately $22.6 million.  In conjunction with these acquisitions, the Company acquired land and buildings leased by seven of the nine franchisees from parties related to those franchisees for an aggregate purchase price of approximately $12.1 million.

The Company expects to complete its purchase price allocation relating to this transaction in the fourth quarter of fiscal 2007.

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This excerpt taken from the TXRH 10-K filed Mar 7, 2006.

(22)   Subsequent Event

On December 28, 2005, the first day of our fiscal year 2006, the Company completed the acquisitions of three franchise groups including 11 franchise restaurants in Ohio, Colorado and Kentucky. Pursuant to the terms of the various acquisition agreements, the Company issued an aggregate of 2,486,996 shares of the Company’s Class A Common Stock at $15.89 per share and paid $2.1 million in cash for these three franchise groups. Such shares were issued without registration in reliance upon the exemption provided by Section 4(2) of the Securities Act of 1933, as amended. In connection with the acquisitions, the Company entered into a registration rights agreement that provides the holders of these securities with the ability to request registration of the securities for resale. Subject to certain limitations, the shares may be resold pursuant to the registration statement only during ten-day trading window periods following announcements of the Company’s earnings after the requested registration statement has become effective. As a result of these acquisitions, the Company will incur a one-time, non-cash pre-tax charge of approximately $0.8 million in the first quarter of 2006 relating to the application of EITF 04-1 as discussed in note 2.

In conjunction with these acquisitions, the Company acquired the land and building leased by eight of the 11 franchise restaurants for approximately $15.6 million through borrowings under its credit facility.

The Company expects to complete its purchase price allocation relating to these transactions in the first quarter of 2006.

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