Quarterly report pursuant to Section 13 or 15(d)

License Agreements

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License Agreements
3 Months Ended
Dec. 27, 2014
Commitments and Contingencies [Abstract]  
License Agreements
License Agreements
We have entered into license agreements that provide for royalty payments on net sales of licensed products as set forth in the agreements. These license agreements are within our branded segment. We have incurred royalty expense (included in SG&A expenses) of approximately $2.2 million and $2.4 million in the December quarter of fiscal years 2015 and 2014, respectively.
At December 27, 2014, based on minimum sales requirements, future minimum royalty payments required under these license agreements were as follows (in thousands):
Fiscal Year
Amount
2015
$
1,329

2016
2,723

2017
95

2018
22

 
$
4,169