Related Party Transactions

9 Months Ended

Nov. 05, 2012

Related Party Transactions [Abstract]

Related Party Transactions

RELATED PARTY TRANSACTIONS

Transactions with Apollo Management VII, L.P.

Pursuant to our management services agreement with Apollo Management VII, L.P. and in exchange for on-going investment banking, management, consulting and financial planning services, we are obligated to pay Apollo Management VII, L.P. an aggregate annual management fee of $2,500, which may be increased at Apollo Management VII, L.P.’s sole discretion up to an amount equal to two percent of our Adjusted EBITDA, as defined in our Credit Facility. We recorded $575, $574, $1,914 and $1,916 in management fees, which are included in general and administrative expense in our accompanying unaudited Condensed Consolidated Statements of Operations for the twelve weeks ended November 5, 2012 and November 7, 2011, and forty weeks ended November 5, 2012 and November 7, 2011, respectively.

Transactions with Board of Directors

Certain members of our Board of Directors are also our franchisees. These franchisees regularly pay royalties and purchase equipment and other products from us on the same terms and conditions as our other franchisees. During the forty weeks ended November 5, 2012 and November 7, 2011, total revenue generated from related party franchisees was $5,255 and $5,268, respectively, which is included in franchised restaurants and other revenue in our accompanying unaudited Condensed Consolidated Statements of Operations. As of November 5, 2012 and January 31, 2012, our related party trade receivables from franchisees were $389 and $252, respectively.