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Related Party Transactions
 3 Months Ended
Mar. 31, 2015
Related Party Transactions  
Related Party Transactions

 

(8)   Related Party Transactions

 

We have 14 franchise restaurants owned in whole or part, by certain of our officers, directors and stockholders of the Company as of March 31, 2015. These entities paid us fees of approximately $0.7 million for the 13 weeks ended March 31, 2015.  As of April 1, 2014, we had 15 franchise restaurants owned in whole or part, by certain of our officers, directors and stockholders of the Company.  These entities paid us fees of approximately $0.6 million for the 13 weeks ended April 1, 2014.  As disclosed in note 7, we are contingently liable on leases which are related to three of these restaurants.

 

On November 26, 2014, we acquired the remaining ownership interests of a franchise restaurant owned in part by us and certain officers or stockholders of the Company.  Prior to this acquisition, we owned 5% interest in the franchise restaurant which we accounted for using the equity method. While we did exercise significant control over the restaurant prior to our acquisition of the remaining ownership interests, we did not consolidate their financial position, results of operations and/or cash flows as it was immaterial to our financial position, results of operations and/or cash flows.