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OTHER LIABILITIES
 12 Months Ended
Dec. 28, 2013
OTHER LIABILITIES  
OTHER LIABILITIES

NOTE 9. OTHER LIABILITIES

        The Company's other liabilities are comprised of the following:

 
   December 28,
2013		   December 29,
2012		  

Deferred rent

   $ 7,525,000   $ 8,372,000  

Deferred income—co-branded credit card program

     1,218,000     405,000  

Severance

     75,000     —  
           
​ ​ ​ ​ ​ ​ ​ ​

 

   $ 8,818,000   $ 8,777,000  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
           

        In fiscal 2013, the Company recognized a net gain of $86,000 from the reversal of deferred rent partially offset by lease termination costs, which were negotiated and paid in December 2013 for stores closed in fiscal 2014. In fiscal 2012, the Company recognized a net gain of $268,000 from the reversal of deferred rent partially offset by lease termination costs, which were substantially negotiated and paid in December 2012 for stores closed in fiscal 2013. These net gains are included in store operating expenses.