Question-and-Answer Session
Operator
(Operator Instructions) and our first question comes from the line of Bryan Hunt with Wachovia Securities; please go ahead.
Bryan Hunt - Wachovia Securities
Yes, thank you. I was wondering if you can give us a dollar amount of the stock repurchased in Q1 and then how much remains available on your RP basket on senior sub notes. Hello?
Gregory Burns
Yes, the dollar value of the approximately 1.5 million shares repurchased in the first quarter is in the $17.5 to $18 million range and the available amount that we have both under the board authorization as well as in the restricted payments basket and the bond adventure and the restricted payments basket and the bank facility is in the $22 million range Bryan.
Bryan Hunt - Wachovia Securities
Okay and then lastly, I was wondering if you just repeat the CapEx number for the quarter and what cash taxes may be for the year? Thank you.
Gregory Burns
Yeah, capital expenditures for the quarter were $14 million which as I suppose is inclusive of $2.2 million for new restaurants and $7.4 million for re-branding.
Bryan Hunt - Wachovia Securities
And what might cash taxes be for the year and I will get back in the queue?
Gregory Burns
Bryan just a second we’ve got the calculators at here.
Larry Hyatt
Bryan it should be around $2.7 million.
Operator
Thank you. Our next question comes from the line Christian Hoffman with Lehman Brothers. Please go ahead.
Christian Hoffman – Lehman Brothers
Same-store sales are down in the 2.5% to 4.5% range in the fourth quarter and the first quarter and you mentioned they would be down for the year. Should we expect kind of the similar trends going forward?
Gregory Burns
As I mentioned this quick variance; as I mentioned, the outlook out there is pretty pessimistic about a lot of folks and I think a lot of it depends on gasoline prices and further commodity prices. This morning I think the CPI came back a little better than what a lot of people expected unfortunately that doesn’t have cash flow in groceries. Yes, I mean right now and I am modeling -- we are modeling about the same kind of trends maybe a little bit better at the O’Charley’s concept to the rest of the year. Certainly that may be what are model is, but we are hopeful that as the economy improves in the second half that we like others in the restaurant business will see an uplift in sales trends.
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