Related Party Transactions

12 Months Ended

Dec. 30, 2014

Related Party Transactions [Abstract]

Related Party Transactions

(4) Related Party Transactions

Management and Accounting Fees Paid to Related Party

At the date of Acquisition, the Company entered into an agreement with Hudson Advisors, L.L.C. (Hudson), an affiliate of certain entities that held an indirect investment interest in the Company. Pursuant to the agreement, Hudson provided certain asset management and advisory services to the Company. During the year ended December 25, 2012, the Company incurred charges for such services of $1,252. This agreement was terminated upon consummation of the IPO, as discussed in Note 1.

Transaction Bonuses

In connection with the IPO, certain executives of the Company earned transaction bonuses of $1,462. These bonuses were earned under a letter agreement, as amended, with Wagon, in which certain executives of the Company are eligible to receive a transaction bonus upon the occurrence of an eligible transaction. Wagon is responsible to fund the transaction bonus. As this bonus is contingent upon employment with the Company, the Company is required to record the expense of these bonuses and recognize the funding by Wagon as additional paid in capital. $1,462 was recorded as an expense to the Company and $1,440 was recorded as a capital contribution by Wagon in fiscal 2012, which was used by the Company to pay these bonuses. Associated with the completion of the secondary public offerings in the first, third and fourth quarters of fiscal 2013, similar to the 2012 treatment, the Company recorded $8,355 in transaction bonuses expense and $8,234 in additional paid in capital as a capital contribution by Wagon.

General and Administrative Expenses

Upon completion of the IPO, the Company entered into a Transition Services Agreement with an affiliate of the Fund to provide certain limited support services, including legal and risk management, until the Company could complete transition of these functions to internal or third-party resources. General and administrative expenses include charges of approximately $73 and $30 for these services in fiscal 2012 and 2013, respectively. This agreement was terminated in the third quarter of 2013.