|9 Months Ended|
Oct. 01, 2011
|Subsequent Events [Abstract]|
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.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.