(2) In the third quarter of 2013, we changed the manner in which we report marketing expenses between general and administrative expenses and other restaurant operating costs to more appropriately reflect only those costs directly related to restaurant-level marketing in other restaurant operating costs.  Marketing costs previously reported as restaurant operating costs, that were not directly related to restaurant-level marketing, have been reclassified to general and administrative expense.  The reclassification is reflected in all periods presented herein, as well as by historical quarter in the accompanying selected operating data and did not impact income from operations.

(3) In the second quarter of 2013, we incurred $5.7 million of IPO related expenses: $2.0 million of stock-based compensation related to accelerated vesting of outstanding stock options, $1.2 million of stock-based compensation related to stock options granted to our Chief Executive Officer and President and Chief Operating Officer of which 50% were vested at grant, $1.7 million of transaction bonuses and related payroll taxes and $0.8 million in transaction payments to our Equity Sponsors. Additionally, the third quarter of 2012 and the first three quarters of 2013 and 2012 included $250,000, $500,000 and $750,000, respectively, of management fee expense in accordance with our management services agreement and through the Class C common stock dividend paid to the holder of the one outstanding share of our Class C common stock. In connection with our IPO, the management services agreement expired and the one share of Class C common stock was redeemed. 
Noodles & Company
Consolidated Selected Balance Sheet Data and Selected Operating Data
(in thousands, except restaurant activity and comparable restaurant sales, unaudited)
           
        As of
        October 1, January 1,
        2013 2013
Balance Sheet Data          
Total current assets        $ 18,512  $ 16,154
Total assets       181,810 156,995
Total current liabilities       27,562 23,760
Total long-term debt       1,714 93,731
Total liabilities       59,298 142,987
Temporary equity       3,601
Total stockholders' equity       122,512 10,407
           
  Fiscal Quarter Ended
  October 1, July 2, April 2, January 1, October 2,
  2013 2013 2013 2013 2012
Selected Operating Data          
Restaurant Activity:          
Company-owned restaurants at end of period 310 295 284 276 261
Franchise restaurants at end of period 58 53 51 51 48
Revenue Data:          
Company-owned average unit volumes  $ 1,181 1,184 1,180 1,178 1,175
Franchise average unit volumes  $ 1,132 1,123 1,121 1,128 1,118
Company-owned comparable restaurant sales 2.4% 4.7% 2.2% 4.2% 3.4%
Franchise comparable restaurant sales 0.5% 2.3%  (1.9)% 2.9% 2.9%
System-wide comparable restaurant sales 2.1% 4.4% 1.5% 4.0% 3.3%

Reclassification:

In the third quarter of 2013, we changed the manner in which we allocate marketing expenses between general and administrative expenses and other restaurant operating costs such that only those costs directly related to restaurant-level marketing are recorded in other restaurant operating costs.  Marketing costs previously reported as restaurant operating costs, that were not directly related to restaurant-level marketing, have been reclassified to general and administrative expense in our consolidated financial statements.  Historical consolidated financial statements have been recast to reflect the change as presented below:

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