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SEC FILINGS

10-K
BJS RESTAURANTS INC filed this Form 10-K on 02/28/2012
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taxes on alcoholic beverages in varying amounts, which have also been subject to change. In addition, if federal or state excise taxes are increased, we may need to increase our selling price for beer to maintain our present profit margins, which may or may not be accepted by our restaurants guests.

Our internal brewing, contract brewing and beer distribution arrangements are subject to periodic reviews and audits by various regulatory agencies, and could be adversely affected as a result of different interpretations of the laws and regulations that govern such arrangements by such agencies.

We are subject to periodic audits and reviews by federal, state and local regulatory agencies related to our internal and contract brewing operations. We are particularly subject to extensive regulation at the federal, state and local levels. Permits, licenses and approvals necessary to the U.S. beer business are required from the Alcohol and Tobacco Tax and Trade Bureau of the United States Treasury Department, state alcohol beverage regulatory agencies and local authorities in some jurisdictions. Compliance with these laws and regulations can be costly. We are routinely subject to new or modified laws and regulations for which we must comply in order to avoid fines and other penalties. From time to time, new laws and regulations are proposed that could affect the overall structure and effectiveness of the proprietary handcrafted beer production and distribution model currently utilized by the Company. There is a risk that one or more regulatory agencies could determine that we have not complied with applicable licensing or permitting regulations or have not maintained the approvals necessary for us to conduct business within its jurisdiction. Any such changes in interpretation may adversely impact our current model of brewing beer or supplying beer, or both, to our restaurants in that state, and could also cause us to lose, either temporarily or permanently, the licenses, permits and registrations necessary to conduct our restaurant operations, and subject us to fines and penalties.

ITEM 1B. UNRESOLVED STAFF COMMENTS

None.

ITEM 2. PROPERTIES

RESTAURANT LOCATIONS

As of February 27, 2012, we operated a total of 116 restaurants in 13 states, consisting of seven BJ’s Pizza & Grill® locations, one BJ’s Grill location, 98 BJ’s Restaurant & Brewhouse® locations and 10 BJ’s Restaurant & Brewery® locations, of which only three are currently actively producing our proprietary handcrafted beers, as follows:

 

        BJ’s Pizza    
& Grill®
      BJ’s    
Grill™
      BJ’s Restaurant    
& Brewhouse®
      BJ’s Restaurant    
& Brewery®
      Total    

Arizona

      5   1   6

California

  5   1   44   6   56

Colorado (1)

  1     3     4

Florida

      9     9

Indiana

      1     1

Kentucky

      1     1

Louisiana

      1     1

Nevada

      4   1   5

Ohio

      3     3

Oklahoma

      2     2

Oregon

  1       1   2

Texas

      23   1   24

Washington

      2     2
 

 

 

 

 

 

 

 

 

 

  7   1   98   10   116
 

 

 

 

 

 

 

 

 

 

 

(1)

Our Boulder, Colorado restaurant is classified as a BJ’s Pizza & Grill® restaurant; however, it contains a current operating brewery.

 

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