Dividends and Stock Redemption

6 Months Ended

Mar. 30, 2014

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Dividends and Stock Redemption

Dividends and Stock Redemption

On December 27, 2012, the Company paid a $5.0 million dividend to La Cadena Investments (“La Cadena”), the sole shareholder of the Company. On April 15, 2014, the Company declared a $10.0 million dividend to La Cadena which was paid on April 17, 2014.

On April 9, 2014, the Company redeemed 658 shares of its class A Common Stock for approximately $8.8 million. The redemption was for shares held by the two Trusts created under the Moseley Family Revocable Trust (the "MoseleyTrusts") which La Cadena had distributed to the Moseley Trusts prior to the redemption of the shares.

As of March 30, 2014, and after taking into consideration the stock redemption on April 9, 2014 and the dividend payment on April 17, 2014, the Company had the ability and right to make restricted payments, including dividends, of $27.5 million.