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Commitments and Contingencies | 3 Months Ended
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Mar. 30, 2021
Commitments and Contingencies |
Commitments and Contingencies |
| (6) | Commitments and Contingencies
​ The estimated cost of completing capital project commitments at March 30, 2021 and December 29, 2020 was $120.1 million and $95.9 million, respectively. ​ As of March 30, 2021 and December 29, 2020, we were contingently liable for $12.8 million and $13.0 million, respectively, for seven lease guarantees, listed in the table below. These amounts represent the maximum potential liability of future payments under the guarantees. In the event of default, the indemnity and default clauses in our assignment agreements govern our ability to pursue and recover damages incurred. No material liabilities have been recorded as of March 30, 2021 and December 29, 2020 as the likelihood of default was deemed to be less than probable and the fair value of the guarantees is not considered significant. ​
​ | ​ | ​ | ​ | ​ | ​
​ |  | Lease Assignment Date |  | Current Lease Term Expiration |
Everett, Massachusetts (1) |  | September 2002 |  | February 2023 | ​
Longmont, Colorado (1) |  | October 2003 |  | May 2029 | ​
Montgomeryville, Pennsylvania (1) |  | October 2004 |  | March 2026 | ​
Fargo, North Dakota (1) |  | February 2006 |  | July 2026 | ​
Logan, Utah (1) |  | January 2009 |  | August 2024 | ​
Irving, Texas (2) | ​ | December 2013 | ​ | December 2024 | ​
Louisville, Kentucky (2)(3) | ​ | December 2013 | ​ | November 2023 | ​
(1) | Real estate lease agreements for restaurant locations which we entered into before granting franchise rights to those restaurants. We have subsequently assigned the leases to the franchisees, but remain contingently liable under the terms of the lease if the franchisee defaults.
(2) | Leases associated with non-Texas Roadhouse restaurants which were sold. The leases were assigned to the acquirer, but we remain contingently liable under the terms of the lease if the acquirer defaults.
(3) | We may be released from liability after the initial contractual lease term expiration contingent upon certain conditions being met by the acquirer.
​ During the 13 weeks ended March 30, 2021, we bought most of our beef from three suppliers. We have no material minimum purchase commitments with our vendors that extend beyond a year. ​ Occasionally, we are a defendant in litigation arising in the ordinary course of our business, including "slip and fall" accidents, employment related claims, claims related to our service of alcohol, and claims from guests or employees alleging illness, injury or food quality, health or operational concerns. None of these types of litigation, most of which are covered by insurance, has had a material adverse effect on us during the periods covered by this report and, as of the date of this report, we are not party to any litigation that we believe could have a material adverse effect on our business.

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