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Related Party Transactions
 9 Months Ended
Sep. 25, 2018
Related Party Transactions  
Related Party Transactions

(7)   Related Party Transactions

 

As of September 25, 2018, we had 10 franchise restaurants and one majority-owned company restaurant owned in part by certain officers, directors and 5% stockholders of the Company.  As of September 26, 2017, we had 10 franchise restaurants owned in part by certain officers, directors and 5% stockholders of the Company.  For both of the 13 week periods ended September 25, 2018 and September 26, 2017, these franchise entities paid us fees of approximately $0.5 million.  For both of the 39 week periods ended September 25, 2018 and September 26, 2017, these franchise entities paid us fees of approximately $1.6 million. As disclosed in note 6, we are contingently liable on leases related to two of these franchise restaurants. 

 

In addition, for the 13 weeks ended June 26, 2018, our founder made a personal contribution of $1.0 million to cover a portion of the planned expenses incurred as part of the annual managing partner conference which marked our 25th anniversary.  This amount was recorded as general and administrative expense on the condensed consolidated statement of income and as additional paid-in-capital on the condensed consolidated statement of stockholders’ equity.