Jack In The Box 2012 Annual Report Download - page 74

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The term loan facility requires amortization in the form of quarterly installments of $5.0 million beginning in March of 2013. We will be required to make
certain mandatory prepayments under certain circumstances and will have the option to make certain prepayments under the New Facility. The New Credit
Facility includes events of default (and related remedies, including acceleration and increased interest rates following an event of default) that are usual for
facilities and transactions of this type. As a result of the refinancing transaction, we expect to incur a charge in the first quarter of fiscal 2013 of approximately
$0.8 million for the write off of a portion of our deferred financing fees.
Repurchase of common stock — Subsequent to the end of fiscal 2012, we repurchased an additional 1.0 million shares at an aggregate cost of $26.9
million. In November 2012, the Board of Directors approved a new program to repurchase up to an additional $100.0 million in shares of our common stock
through November 2014.

In June 2011, the FASB issued ASU No. 2011-05, Presentation of Comprehensive Income, which was issued to enhance comparability between entities
that report under U.S. GAAP and IFRS, and to provide a more consistent method of presenting non-owner transactions that affect an entity’s equity. ASU
2011-05 eliminates the option to report other comprehensive income and its components in the statement of changes in stockholders’ equity and requires an
entity to present the total of comprehensive income, the components of net income and the components of other comprehensive income either in a single
continuous statement or in two separate but consecutive statements. This pronouncement is effective for fiscal years, and interim periods within those years,
beginning after December 15, 2011. Early adoption of the new guidance is permitted, and full retrospective application is required.
Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies that do not require adoption until a future date are
not expected to have a material impact on our consolidated financial statements upon adoption.
F-34