COMMITMENTS AND CONTINGENCIES (Tables)

6 Months Ended

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.