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Commitments and Contingencies | 3 Months Ended
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Apr. 01, 2025
Commitments and Contingencies |
Commitments and Contingencies |
| (6) | Commitments and Contingencies
​ The estimated cost of completing capital project commitments at April 1, 2025 and December 31, 2024 was $219.6 million and $243.6 million, respectively. ​ As of April 1, 2025 and December 31, 2024, we were contingently liable for $9.2 million and $9.4 million, respectively, for seven lease guarantees. 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 liabilities have been recorded as of April 1, 2025 and December 31, 2024, as the likelihood of default was deemed to be less than probable and the fair value of the guarantees is not considered significant. ​ During the 13 weeks ended April 1, 2025 and March 26, 2024, we bought our beef primarily from four suppliers. Although there are a limited number of beef suppliers, we believe that other suppliers could provide a similar product on comparable terms. 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 business, including "slip and fall" matters, employment related claims, dram shop statutes 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 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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