Other Long-term Liabilities, Net

12 Months Ended

Dec. 27, 2015

Other Liabilities Disclosure [Abstract]

Other Long-term Liabilities, Net

Other long-term liabilities, net, consisted of the following:



(dollars in thousands)	DECEMBER 27, 2015		DECEMBER 28, 2014
Accrued insurance liability	$	40,649	$	42,922
Unfavorable leases, net of accumulated amortization	45,375		49,492
Chef and Restaurant Managing Partner deferred compensation obligations and deposits	134,470		160,330
Deferred gain on sale-leaseback transaction, net of accumulated amortization	33,154		35,864
Other long-term liabilities	41,014		41,563
	$	294,662	$	330,171

During fiscal years 2014 and 2013, the Company terminated the split-dollar agreements with certain of its former executive officers for cash payments of $2.0 million and $5.2 million, respectively. Upon termination, the release of the death benefit and related liabilities less the associated cash termination payment resulted in net gains of $1.9 million and $4.7 million during fiscal years 2014 and 2013, respectively, which were recorded in General and administrative expenses in the Company’s Consolidated Statements of Operations and Comprehensive Income. As a result of the terminations, the Company became the sole and exclusive owner of the related split-dollar insurance policies and elected to cancel them.