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The Portland-based McCormick & Schmick’s Seafood Restaurants is lending a hand to the construction industry.

During an investors conference call this afternoon McCormick $ Schmick’s CEO Bill Freeman announced that the company, which operates just under 100 restaurants across the U.S. and Canada, would invest between $10 million and $15 million in the coming few years to upgrade its restaurants.

The news came on the heels of the restaurant’s fourth-quarter earnings report that identified a $24.2 million net operating loss from the third quarter. The report noted that long-lived assets at 13 restaurants were one of the factors leading to the net operating loss.

“We are pleased to announce the launch of a multi-year service, hospitality and portfolio upgrade program designed to improve long term top line sales, traffic and restaurant-level margins, while leveraging our current leases and refining our key design principals,” Freeman said. “By investing capital back into our portfolio…we anticipate further enhancing shareholder value in the years to come.”

The company plans to add new furniture, lighting and decorations to the dining areas of its restaurants, while upgrading the equipment and technology in the kitchens.

It is unknown which, or how many, restaurants will receive upgrades. McCormick & Schmick’s has five locations in Oregon, all of which are located in the Portland metropolitan area.