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Insurance Reserves
12 Months Ended
Dec. 28, 2014
Insurance Reserves  
Insurance Reserves

 

12. Insurance Reserves

 

The following table summarizes changes in our insurance program reserves (in thousands):

Balance as of December 30, 2012

 

$

22,303

 

Additions

 

23,187

 

Payments

 

(26,025

)

Balance as of December 29, 2013

 

19,465

 

Additions

 

33,926

 

Payments

 

(27,980

)

Balance as of December 28, 2014

 

$

25,411

 

 

We are a party to standby letters of credit with off-balance sheet risk associated with our insurance programs. The total amount committed under letters of credit for these programs was $21.2 million at December 28, 2014.