Buffalo Wild Wings 2007 Annual Report Download - page 52

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52
BUFFALO WILD WINGS, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements
December 30, 2007 and December 31, 2006
(Dollar amounts in thousands, except per-share amounts)
(14) Commitment – Acquisition of Las Vegas Franchised Restaurants
On May 18, 2007, we exercised a right of first refusal to acquire the assets of nine Buffalo Wild Wings franchised
restaurants in the Las Vegas, Nevada area. We expect the acquisition, if completed, to close in 2008. The purchase price is
approximately $26,000 and will be funded with available cash and proceeds from marketable securities. The acquisition is
subject to purchase price adjustments. The transaction also remains dependent on execution of a definitive asset purchase
agreement, receipt of necessary approvals for gaming and liquor licenses, lease assignments, and other customary closing
conditions.
(15) Subsequent Event
During February 2008, we acquired certain leases and assets of eight locations from Avado Brands, Inc. for
approximately $1,200 in cash. Due to this acquisition, we anticipate an asset impairment charge of approximately $400
relating to the relocation of one of our restaurants in the first quarter of 2008.