Luby's, Inc. (Luby's) is a multi-branded company operating in the restaurant industry and the contract food services industry. The Company's primary brands include Luby's Cafeteria, Luby's Culinary Contract Services, and Fuddruckers. As of November 9, 2011, it operated 155 restaurants located throughout the United States, with 114 in Texas and the remainder in other states. In addition, the Company received royalties from 122 franchise, as of August 31, 2011, located primarily throughout the United States. The Company operates in three segments: Company-owned restaurants, franchise operations and Culinary Contract Services (CCS). On July 9, 2010, Luby's Restaurants Limited Partnership was converted into Luby's Fuddruckers Restaurants, LLC (LFR). The Company completed the acquisition of substantially all of the assets of Fuddruckers, Inc., Magic Brands, LLC and certain of their affiliates (collectively, Fuddruckers).