Commitments And Contingencies

3 Months Ended

Mar. 21, 2017

Commitments And Contingencies [Abstract]

8.	COMMITMENTS AND CONTINGENCIES

The Company is subject to various claims, possible legal actions, and other matters arising out of the normal course of business. While it is not possible to predict the outcome of these issues, management is of the opinion that adequate provision for potential losses has been made in the accompanying condensed consolidated financial statements and that the ultimate resolution of these matters will not have a material adverse effect on the Company’s consolidated financial position, results of operations or cash flows.

At March 21, 2017 and December 27, 2016, the Company had outstanding letters of credit of $1.2 million, which were drawn on the Company’s credit facility (see Note 4, Long-Term Debt). The letters of credit typically act as guarantee of payment to certain third parties in accordance with specified terms and conditions.