XML 39 R27.htm IDEA: XBRL DOCUMENT v3.10.0.1
ACCRUED AND OTHER LIABILITIES (Tables)
 3 Months Ended
Sep. 26, 2018
Accrued Liabilities and Other Liabilities [Abstract]  
Schedule of Other Accrued Liabilities Other accrued liabilities consist of the following:
 
September 26,
2018
 
June 27,
2018
Deferred liabilities and sale leaseback gains (1)
$
33.6

 
$
15.5

Property tax
21.9

 
17.4

Insurance
19.5

 
17.8

Dividends
15.9

 
16.3

Sales tax
15.2

 
14.2

Interest
14.6

 
7.8

Straight-line rent (2)
4.9

 
5.2

Landlord contributions
2.7

 
2.7

Deferred franchise fees (3)
1.4

 
—

Cyber security incident (4)
1.0

 
1.4

Other (5)
28.8

 
28.9

 
$
159.5

 
$
127.2


(1) 
Deferred sale proceeds primarily relate to $18.0 million for the current portion of the deferred gain related to the sale leaseback transactions executed during the first quarter of fiscal 2019, and net proceeds of $13.7 million that have been deferred related to the sale of our corporate headquarters property. Please see Note 3 - Sale Leaseback Transactions for further details.
(2) 
Straight-line rent includes the current portion of the straight-line rent of operating leases. During the thirteen week periods ended September 26, 2018 and September 27, 2017, $1.0 million of expense and $2.0 million of credit related to straight-line rent expense was recognized into Restaurant expenses in the Consolidated Statements of Comprehensive Income, respectively.
(3) 
Deferred franchise and development fees relates to the current portion of upfront initial franchise and development fees received recorded as part of adoption of ASC 606, please see Note 2 - Revenue Recognition for further details, and the Other liabilities table below for the long-term accrued amount.
(4) 
Cyber security incident accrual relates the fiscal 2018 event, please see Note 13 - Contingencies for further details.
(5) 
Other primarily consists of accruals for utilities and services, certain lease reserves (see Note 13 - Contingencies for details), banquet deposits for Maggiano’s events, the current portion of certain lease-related reserves, and rent-related expenses, and other various accruals.
Schedule of Other Liabilities Other liabilities consist of the following:
 
September 26,
2018
 
June 27,
2018
Straight-line rent (1)
$
56.1

 
$
55.6

Insurance
39.3

 
40.1

Landlord contributions
24.6

 
23.3

Deferred franchise fees (2)
16.4

 
—

Unfavorable leases
3.3

 
3.8

Unrecognized tax benefits
2.9

 
2.9

Other
5.7

 
6.0

 
$
148.3

 
$
131.7

(1) 
Straight-line rent is the long-term portion of the straight-line rent, and for the first quarter of fiscal 2019 this balance also includes $0.4 million for the straight-line rent accrued for 141 restaurants sold as part of the sale leaseback transactions. Please see Note 3 - Sale Leaseback Transactions for more details, and the above Accrued other liabilities table for the current portion of straight-line rent recorded to be recognized within the next twelve months.
(2) 
Deferred franchise and development fees relates to the long-term portion of upfront initial franchise and development fees received recorded as part of adoption of ASC 606, please see Note 2 - Revenue Recognition for further details, and the Other accrued liabilities table above for the current accrued amount.