XML 39 R27.htm IDEA: XBRL DOCUMENT v3.10.0.1
ACCRUED AND OTHER LIABILITIES (Tables)
 6 Months Ended
Dec. 26, 2018
Accrued Liabilities and Other Liabilities [Abstract]  
Other Accrued Liabilities Other accrued liabilities consist of the following:
 
December 26,
2018
 
June 27,
2018
Deferred liabilities and sale leaseback gains (1)
$
32.1

 
$
15.5

Property tax
19.6

 
17.4

Insurance
18.3

 
17.8

Dividends
14.8

 
16.3

Sales tax
14.4

 
14.2

Interest
7.5

 
7.8

Straight-line rent (2)
4.9

 
5.2

Landlord contributions
2.7

 
2.7

Deferred franchise and development fees (3)
1.4

 
—

Cyber security incident (4)
1.5

 
1.4

Other (5)
31.0

 
28.9

 
$
148.2

 
$
127.2


(1) 
Deferred liabilities and sale leaseback gains primarily relate to $18.4 million for the current portion of the deferred gain related to the sale leaseback transactions executed during the first two quarters of fiscal 2019, and net proceeds of $13.7 million that have been deferred related to the sale of our current corporate headquarters property. Please see Note 3 - Sale Leaseback Transactions for further details.
(2) 
Straight-line rent includes the current portion of the straight-line rent of operating leases. During the thirteen week periods ended December 26, 2018 and December 27, 2017, $0.4 million of expenses and $0.2 million of credit related to straight-line rent expenses were recognized into Restaurant expenses in the Consolidated Statements of Comprehensive Income, respectively. During the twenty-six week periods ended December 26, 2018 and December 27, 2017, $0.5 million of expenses and 0.4 million of credit related to straight-line rent expenses were recognized into Restaurant expenses in the Consolidated Statements of Comprehensive Income, respectively.
(3) 
Deferred franchise and development fees relates to the current portion of upfront initial franchise and development fees recorded as part of adoption of ASC 606, please see Note 2 - Revenue Recognition for further details, and the Other liabilities table below for the long-term accrued amount.
(4) 
Cyber security incident accrual relates to the fiscal 2018 event, please see Note 13 - Contingencies for further details.
(5) 
Other primarily consists of accruals for utilities and services, certain lease reserves, state income tax payable, banquet deposits for Maggiano’s events, rent-related expenses and other various accruals.
Other Liabilities Other liabilities consist of the following:
 
December 26,
2018
 
June 27,
2018
Straight-line rent (1)
$
56.6

 
$
55.6

Insurance
37.4

 
40.1

Landlord contributions
24.1

 
23.3

Deferred franchise and development fees (2)
15.8

 
—

Unfavorable leases
3.1

 
3.8

Unrecognized tax benefits
2.9

 
2.9

Other
6.0

 
6.0

 
$
145.9

 
$
131.7

(1) 
Straight-line rent is the long-term portion of the straight-line rent, and for the second quarter of fiscal 2019 this balance also includes $1.2 million for the straight-line rent accrued for 145 restaurants sold as part of the sale leaseback transactions. Please see Note 3 - Sale Leaseback Transactions for more details, and the above Other accrued liabilities table for the current portion of straight-line rent recorded to be recognized within the next twelve months.
(2) 
Deferred franchise and development fees relates to the long-term portion of upfront initial franchise and development fees recorded as part of adoption of ASC 606, please see Note 2 - Revenue Recognition for further details, and the Other accrued liabilities table above for the current accrued amount.