RESTRICTED CASH AND MARKETING FUND |
6 Months Ended |
|---|---|
Jul. 03, 2016 | |
| Restricted Cash [Abstract] | |
| ScheduleOfRestrictedCashAndCashEquivalents | (3) Restricted Cash and Marketing Fund We have a system-wide Public Relations and Marketing Development Fund, to which Company-owned restaurants, in addition to the majority of franchise-operated restaurants, contribute a percentage of net sales, currently 1.0%, for use in public relations and marketing development efforts throughout the system. The assets held by this fund are considered restricted. Accordingly, we reflect the cash related to this fund in restricted cash and reflect the liability in accounts payable on our consolidated balance sheets as of July 3, 2016 and January 3, 2016. We had approximately $1.7 million and $1.1 million in this fund as of July 3, 2016 and January 3, 2016, respectively. In conjunction with the Company’s Credit Agreement, we have deposited 105% of the face amount of the undrawn letters of credit in a cash collateral account with the Administrative Agent. We had approximately $1.2 million and $0.0 million in restricted cash as of July 3, 2016 and January 3, 2016, respectively, related to these undrawn letters of credit. |