Related Party Transactions

12 Months Ended

Dec. 29, 2013

16. Related Party Transactions

Certain of our officers and directors own equity interests in entities that franchise restaurants. Following is a summary of full-year transactions and year-end balances with franchisees owned by related parties, PJMF and Papa Card, Inc. (in thousands):

	2013		2012		2011
Revenues from affiliates:
Commissary sales	$	2,426	$	23,145	$	22,132
Other sales	482		2,394		2,352
Franchise royalties	351		3,771		3,579
Franchise and development fees	—		—		15
Total	$	3,259	$	29,310	$	28,078

Accounts receivable - affiliates	$	284	$	1,062	$	682

The revenues from affiliates were at rates and terms available to independent franchisees. Additionally, the table excludes transactions and balances in 2013 for a former non-management director.

We paid $1.1 million in 2013, $1.1 million in 2012 and $1.0 million in 2011 for charter aircraft services provided by an entity owned by our Founder, Chairman and Chief Executive Officer.

On November 12, 2013, we repurchased $38.6 million of our common stock (1.0 million shares at the closing price of $38.61 per share) from our Founder, Chairman and Chief Executive Officer.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References+ Details