Delaware (State or other Jurisdiction of Incorporation or Organization)

95-4307254 (I.R.S. Employer Identification No.)

Class		Outstanding at November 10, 2002
Common Stock $0.01 Par Value		27,230,135 shares

		October 13, 2002			April 30, 2002
ASSETS
Current Assets:
Cash and cash equivalents		$	22,951		$	25,943
Restricted cash			2,278			2,096
Receivables, net of an allowance of $850 at October 13, 2002 and $814 at April 30, 2002			2,662			2,101
Inventories			4,234			4,367
Deferred income tax asset			2,653			2,191
Prepaid expenses and other current assets			2,308			1,686
Total current assets			37,086			38,384
Property and equipment, net			62,061			61,334
Property held for sale, net			2,224			2,632
Long-term notes receivable (including $200 of related party receivables at October 13, 2002 and April 30, 2002), net of an allowance of $3 at October 13, 2002 and April 30, 2002			857			974
Deferred income tax asset			7,130			7,198
Goodwill, net			22,313			20,940
Intangible assets, net of accumulated amortization of $789 at October 13, 2002 and $734 at April 30, 2002			2,075			2,031
Other assets			1,708			1,866
Total assets		$	135,454		$	135,359

		October 13, 2002				April 30, 2002
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Current portion of long-term debt		$	6,029			$	5,971
Accounts payable			9,936				11,304
Other current liabilities			18,145				16,383
Income taxes payable			1,158				2,669
Total current liabilities			35,268				36,327
Long-term debt, net of current portion			20,333				23,369
Deferred gains and revenues			8,337				8,737
Pension liability			11,487				11,725
Total liabilities			75,425				80,158
Stockholders’ Equity:
Capital stock—
Preferred, authorized 1,000,000 shares, $5 par value; no shares issued			—				—
Common, authorized 50,000,000 shares, $0.01 par value; issued and outstanding 29,230,135 and 27,230,135 shares and 29,205,491 and 27,205,491 shares at October 13, 2002 and April 30, 2002, respectively			292				292
Additional paid-in capital			279,963				279,904
Accumulated deficit			(207,885	)			(212,566	)
Treasury stock, 2,000,000 shares at October 13, 2002 and 2,000,000 shares at April 30, 2002, at cost			(4,135	)			(4,135	)
Accumulated other comprehensive loss			(8,206	)			(8,294	)
Total stockholders’ equity			60,029				55,201
Total liabilities and stockholders’ equity		$	135,454			$	135,359

		October 13, 2002			October 14, 2001
Revenues
Restaurant sales		$	128,177		$	117,298
Franchise revenues			3,949			3,917
Total revenues			132,126			121,215
Costs and Expenses
Cost of sales			43,348			39,842
Labor and related expenses			35,757			33,586
Other operating expenses			31,265			28,979
Depreciation and amortization			4,329			4,358
General and administrative expenses			10,834			10,777
Total operating costs			125,533			117,542
Operating income			6,593			3,673
Interest expense			1,621			1,671
Investment income			469			412
Other income			—			412
Income before provision for income taxes			5,441			2,826
Provision for income taxes			760			807
Net income		$	4,681		$	2,019
Basic and diluted earnings per share		$	0.17		$	0.07

		October 13, 2002			October 14, 2001
Revenues
Restaurant sales		$	62,493		$	58,025
Franchise revenues			1,944			1,918
Total revenues			64,437			59,943
Costs and Expenses
Cost of sales			21,089			19,756
Labor and related expenses			17,569			16,687
Other operating expenses			15,655			14,590
Depreciation and amortization			2,158			2,198
General and administrative expenses			5,370			5,300
Total operating costs			61,841			58,531
Operating income			2,596			1,412
Interest expense			803			803
Investment income			278			191
Income before provision for income taxes			2,071			800
Provision for income taxes			647			445
Net income		$	1,424		$	355
Basic and diluted earnings per share		$	0.05		$	0.01

		October 13, 2002				October 14, 2001
OPERATING ACTIVITIES
Net income		$	4,681			$	2,019
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization			4,329				4,358
Deferred income tax benefit			(201	)			(329	)
Provision for bad debts			115				—
Gain on sale of assets			(10	)			(412	)
Amortization of deferred revenue			(595	)			(424	)
Other			263				77
Changes in operating assets and liabilities:
Receivables			(554	)			(292	)
Inventories			152				87
Prepaid expenses and other assets			(551	)			537
Accounts payable			(408	)			997
Accrued liabilities			160				2,354
Income taxes payable			(1,544	)			(320	)
Net cash provided by operating activities			5,837				8,652
INVESTING ACTIVITIES
Additions to property and equipment			(5,043	)			(5,146	)
Proceeds from sale of property and equipment			448				1,047
(Increase) decrease in restricted cash			(182	)			4,513
Acquisition of minority interest in subsidiary			(1,041	)			—
Other, net			(95	)			216
Net cash (used in) provided by investing activities			(5,913	)			630
FINANCING ACTIVITIES
Issuance of long-term debt			111				3,000
Reduction of long-term debt			(3,244	)			(2,785	)
Repurchase of common stock			—				(946	)
Exercise of stock options			65				—
Other, net			—