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COMMITMENTS AND CONTINGENCIES (Tables) | 6 Months Ended
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Jun. 27, 2014
Commitments and Contingencies Disclosure [Abstract] |
Schedule of workers’ compensation collateral commitments | We have provided our insurance carriers and certain states with commitments in the form and amounts listed below (in thousands):
| June 27, 2014 |  | December 27, 2013
Cash collateral held by insurance carriers | $ | 22,707 |  |  | $ | 23,747 |
Cash and cash equivalents held in Trust (1) | 16,874 |  |  | 31,474 |
Investments held in Trust | 96,574 |  |  | 86,678 |
Letters of credit (2) | 7,824 |  |  | 7,867 |
Surety bonds (3) | 15,829 |  |  | 16,099 |
Total collateral commitments | $ | 159,808 |  |  | $ | 165,865 |
(1) | Included in this amount is $0.8 million of accrued interest at June 27, 2014 and December 27, 2013, respectively.
(2) | We have agreements with certain financial institutions to issue letters of credit as collateral. We had $1.9 million of restricted cash collateralizing our letters of credit at June 27, 2014 and December 27, 2013, respectively.
(3) | Our surety bonds are issued by independent insurance companies on our behalf and bear annual fees based on a percentage of the bond, which is determined by each independent surety carrier. These fees do not exceed 2.0% of the bond amount, subject to a minimum charge. The terms of these bonds are subject to review and renewal every one to four years and most bonds can be canceled by the sureties with as little as 60 days notice.

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- Definition Tabular disclosure for collateral commitments required by insurance carriers as of the reporting date for workers' compensation obligations for which the insurance carriers become responsible should we become insolvent. + References No definition available. + Details
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- Details
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