Subsequent Events |
9 Months Ended |
---|---|
Oct. 01, 2011 | |
Subsequent Events [Abstract] | |
Subsequent Events |
Note 14— Subsequent Events On October 11, 2011, the Company, WAG, and Discovery Communications, LLC ("Discovery") entered into a Buyout Agreement for the purpose of providing Discovery with an incentive to enter into a direct lease agreement with 111 East Wacker LLC ("East Wacker") for WAG's former corporate offices located in Chicago, Illinois. In connection with the Buyout Agreement, of the total obligation of $1.5 million recorded in September 2011, the Company paid Discovery a lump sum payment of $1.2 million, as well as a $0.2 million commission to Discovery's brokers in October 2011. The remaining balance is expected to be paid during the fourth quarter of fiscal 2011. On October 14, 2011, the Company, WAG, East Wacker and Marketing Werks, Inc. ("Marketing Werks') entered into a Lease, Sublease, and License Termination and Surrender Agreement (the "Termination Agreement") for the purpose of terminating WAG's sublease agreement with Marketing Werks, dated December 4, 2007, related to WAG's former corporate offices in Chicago, Illinois. |