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Financing Obligations
9 Months Ended
Sep. 30, 2012
Leases [Abstract]  
Financing Obligations
Financing Obligations
 
As of September 30, 2012, future minimum lease payments under financing obligations during the initial terms of the leases related to sale-leaseback transactions are as follows:
 
Fiscal Years
(In millions)
 
Remainder of 2012
$
2.7

(1 
) 
2013
10.8

 
2014
10.9

 
2015
11.9

(1 
) 
2016
11.0

 
Thereafter
133.2

 
Total minimum lease payments
180.5

 
Less: interest
(84.4
)
 
Total financing obligations
96.1

 
Less: current portion
(2.3
)
(2 
) 
Long-term financing obligations
$
93.8

 
 
(1)     Due to the varying closing dates of the Company’s fiscal years, 11 monthly payments will be made in fiscal 2012 and 13 monthly payments will be made in fiscal 2015.
(2)     Included in “current maturities of capital lease and financing obligations” on the consolidated balance sheet.
 
During the nine months ended September 30, 2012, the Company’s continuing involvement with 41 properties subject to financing obligations was ended by assignment of the lease obligations to a qualified franchisee. As a result, the Company’s financing obligations were reduced by $67.9 million.