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California Pizza Kitchen opened its first restaurant In Beverly Hills in 1985. Almost immediately after the first location opened, it expanded from California to more

California Pizza Kitchen opened its first restaurant In Beverly Hills in 1985. Almost immediately after the first location opened, it expanded from California to more than 250 locations in more than 30 states and 11 countries. California Pizza Kitchen completed an initial public offering in August 2000 and traded on the NASDAQ National Market under the ticker symbol CPKI. On July 7, 2011, Golden Gate Capital completed the acquisition of California Pizza Kitchen and, as a result of the acquisition, the companys common stock is no longer publicly traded.

CALIFORNIA PIZZA KITCHEN, INC., AND SUBSIDIARIES Consolidated Statements of Operations Years ended January 2, 2011, January 3, 2010, and December 28, 2008 (amounts in thousands, except for per share data)
2010 2009 2008
Revenues:
Restaurant sales $ 630,606 $ 652,185 $ 665,616
Royalties from licensing agreement 6,122 7,739 6,580
Domestic franchise revenues 3,100 2,684 2,757
International franchise revenues 2,403 2,078 2,121
Total revenues 642,231 664,686 677,074
Costs and expenses:
Food, beverage and paper supplies 148,732 154,181 165,526
Labor 237,133 247,350 247,276
Direct operating and occupancy 142,420 141,973 140,367
Cost of sales 528,285 543,504 553,169
General and administrative 50,731 50,791 51,642
Depreciation and amortization 37,006 40,181 40,299
Pre-opening costs 3,269 1,843 4,478
Loss on impairment of property and equipment 18,702 22,941 13,336
Store closure costs 1,708 539 1,033
Litigation, settlement and other costs 8,759 1,609 736
Total costs and expenses 648,460 661,408 664,693
Operating (loss)/income (6,229) 3,278 12,381
Interest expense, net (16) (788) (1,324)
(Loss)/income before income tax (benefit)/provision (6,245) 2,490 11,057
Income tax (benefit)/provision (5,839) (2,091) 2,395
Net (loss)/income $ (406) $ 4,581 $ 8,662
Net (loss)/income per common share:
Basic $ (0.02) $ 0.19 $ 0.34
Diluted $ (0.02) $ 0.19 $ 0.34
Weighted average shares used in calculating net (loss)/income per common share:
Basic 24.488 24.064 25.193
Diluted 24.488 24.143 25.211

CALIFORNIA PIZZA KITCHEN, INC., AND SUBSIDIARIES Consolidated Balance Sheets January 2, 2011, and January 3 2010 (in thousands, except for share data)
2010 2009
Assets
Current assets:
Cash and cash equivalents $ 21,230 $ 21,424
Other receivables 11,594 12,541
Inventories 5,827 5,557
Current deferred tax asset, net 8,225 7,076
Prepaid rent 231 4,957
Other prepaid expenses 2,518 2,031
Total current assets 49,625 53,586
Property and equipment, net 241,446 255,416
Noncurrent deferred tax asset, net 22,101 25,011
Goodwill 4,622 4,622
Other intangibles, net 4,837 4,714
Other assets 8,313 6.909
Total assets $ 330,944 $ 350,258
Liabilities and stockholders equity
Current liabilities:
Accounts payable $ 17,075 $ 11,263
Accrued compensation and benefits 23,273 23,201
Accrued rent 20,424 19,287
Deferred rent credits 4,058 3,745
Other accrued liabilities 13,690 10,915
Gift card liability 14,577 20,640
Store closure reserve 54 326
Total current liabilities 93,151 89,377
Long-term debt --- 22,300
Other liabilities 9,886 7,728
Deferred rent credits, net of current portion 33,177 32,478
Income taxes payable, net of current portion 319 9,125
Commitments and contingencies - -
Stockholders equity:
Common stock$0.01 par value, 80,000,000 shares authorized, 24,579,797 and 24,195,800 shares issued and outstanding at January 2, 2011, and January 3, 2010, respectively 246 242
Additional paid-in capital 179,563 174,000
Retained earnings 14,602 15,008
Total stockholders equity 194,411 189,250
Total liabilities and stockholders equity $ 330,944 $ 350,258

Compute the following ratios using information from the company annual report that was issued before California Pizza Kitchen was acquired.

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