Investments in Limited Partnerships and Marketable Securities (Notes)

12 Months Ended

Dec. 26, 2015

Marketable Securities and Equity-Method Affiliates [Abstract]

INVESTMENTS IN LIMITED PARTNERSHIPS AND MARKETABLE SECURITIES

Investments in Limited Partnerships

During the fiscal years 2015, 2014 and 2013, the Company recognized gains related to the limited partnership investments of $3.8 million, $9.3 million and $5.9 million, respectively. The Company’s total commitment to these entities as of December 26, 2015 was $65.0 million, of which the Company had funded $28.8 million as of December 26, 2015. During the fiscal years 2015 and 2014, the Company received dividends totaling $7.3 million and $7.4 million. No distributions were made to the Company in the fiscal year 2013. As of December 26, 2015 and December 27, 2014, the Company’s consolidated retained earnings (accumulated deficit) included $2.4 million and $4.6 million, respectively, of the undistributed earnings related to these limited partnerships.

Marketable Securities

The following is a summary of the Company’s marketable securities, all of which are classified as available-for-sale:



	December 26, 2015
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(in thousands)
Mutual fund	$	4,650	$	—	$	(141	)	$	4,509
Total	$	4,650	$	—	$	(141	)	$	4,509

There were no sales of available-for-sale securities during the fiscal year 2015.