Variable Interest Entity

9 Months Ended

Mar. 25, 2016

The Company acquired the non-controlling interest in Center Avenue Holdings ("CAH") a limited liability company, in its third fiscal quarter of 2016 for $90. Prior to CAH becoming a wholly owned subsidiary, the Company's condensed consolidated financial statements included the financial results of CAH as a variable interest entity in which it was the primary beneficiary. In determining whether the Company is the primary beneficiary of an entity, it considers a number of factors, including its ability to direct the activities that most significantly affect the entity's economic success, the Company's contractual rights and responsibilities under the arrangement and the significance of the arrangement to each party. These considerations impact the way the Company accounts for its existing collaborative and joint venture relationships and determines the consolidation of companies or entities with which the Company has collaborative or other arrangements.

The Company previously consolidated the operations of CAH as it retained the contractual power to direct the activities of CAH which most significantly and directly impact its economic performance. The activity of CAH is not significant to the overall performance of the Company. Prior to CAH becoming a wholly owned subsidiary, its assets were restricted, from the standpoint of the Company, in that they were not available for the Company's general business use outside the context of CAH.

The following table sets forth the assets and liabilities of CAH included in the condensed consolidated balance sheets of the Company:



	March 25, 2016		June 30, 2015
Current assets:
Restricted investments	$	63	$	63
Total current assets	63		63
Property and equipment	4,344		—
Other assets	—		4,344
Total assets	$	4,407	$	4,407
Long-term environmental remediation liabilities	22		21
Total liabilities	$	22	$	21

Prior to CAH becoming a wholly owned subsidiary, the Company did not generally have an obligation to make additional capital contributions to CAH. However, through the end of the second fiscal quarter of 2016 the Company had provided $4,086 of support it was not contractually obligated to provide. The additional support was primarily for debt service payments on a note payable. CAH repaid this loan balance in the amount of $2,448 in full on October 1, 2013. The Company intends to continue funding CAH's obligations as they become due.