Commitments And Contingencies

12 Months Ended

Dec. 30, 2014

Commitments And Contingencies [Abstract]

Commitments And Contingencies

(11) Commitments and Contingencies

Prior to the Acquisition, the Company guaranteed certain lease payments of Star’s subsidiaries in connection with the leasing of real estate for restaurant locations. As of December 30, 2014, the Company was responsible as guarantor for five of the leases of its former affiliates. The leases expire at various times through 2016. These guarantees will require payment by the Company only in an event of default by the former affiliate where it is unable to make the required lease payments. Management believes that any future payments required under these guarantees will not be significant. At December 30, 2014 the maximum potential amount of future payments the Company could be required to make as a result of the guarantees was $893.

At December 30, 2014, the Company had outstanding letters of credit of $1,076, of which $215 were collateralized by restricted cash and $861 were outstanding on the Company’s revolving credit facility. The letters of credit typically act as guarantee of payment to certain third parties in accordance with specified terms and conditions.