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Related Party Transactions
 6 Months Ended
Jun. 30, 2015
Related Party Transactions  
Related Party Transactions

 

(8)   Related Party Transactions

 

We have 10 franchise restaurants owned in whole or part, by certain of our officers, directors and stockholders of the Company as of June 30, 2015.  These entities paid us fees of approximately $0.5 million and $0.9 million for the 13 and 26 weeks ended June 30, 2015, respectively.  As of July 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 and $1.3 million for the 13 and 26 weeks ended July 1, 2014, respectively.  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.