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Related Party Transactions
6 Months Ended
Jun. 27, 2020
Related Party Transactions
Q.
Related Party Transactions
In connection with the Dogfish Head Transaction, the Company has entered
into
a lease with the Dogfish Head founders and other owners of buildings used in certain of the Company’s restaurant operations. The lease is for ten years with renewal options. The total payments due under the initial ten year term is $3.6 million. Total related party expense recognized for the thirteen and
twenty-six
weeks ended June 27, 2020 was approximately $91,000 and $182,000, respectively. Additionally, the Company incurred expenses of less than $10,000 to various other suppliers affiliated with the Dogfish Head founders.