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FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK
12 Months Ended
Jan. 03, 2016
Investments, All Other Investments [Abstract]  
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK
(8) FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK

The Company is a party to stand-by letters of credit. The Company’s exposure to credit loss for stand-by letters of credit is represented by the contractual amounts of these instruments. The Company uses the same credit policies in making conditional obligations as it does for on-balance sheet instruments. Total conditional commitments under letters of credit as of January 3, 2016 are $46.2 million and relate to the Company’s insurance programs and supply chain center leases. As of January 3, 2016, a portion of the Company’s stand-by letters of credit were collateralized with $40.0 million of cash. The Company has also guaranteed lease payments related to certain franchisees’ lease arrangements. The maximum amount of potential future payments under these guarantees is $1.8 million as of January 3, 2016.