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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Jan. 01, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 178,326 $ 153,794
Receivables (net of allowances: December 31, 2022 - $976 and January 1, 2022 - $1,726) 24,273 29,321
Inventories 20,528 30,566
Prepaid income taxes 19,447 30,478
Prepaid expenses and other current assets 38,757 27,014
TOTAL CURRENT ASSETS 281,331 271,173
Property and equipment, net 28,229 37,219
Operating lease assets 75,696 89,902
Franchise rights acquired 386,745 785,195
Goodwill 155,998 157,374
Other intangible assets, net 63,306 61,126
Deferred income taxes 22,246 11,259
Other noncurrent assets 14,879 15,686
TOTAL ASSETS 1,028,430 1,428,934
CURRENT LIABILITIES    
Portion of operating lease liabilities due within one year 17,955 20,297
Accounts payable 18,890 22,444
Salaries and wages payable 72,577 57,401
Accrued marketing and advertising 17,927 15,904
Accrued interest 5,289 5,085
Other accrued liabilities 30,118 45,728
Derivative payable   14,670
Income taxes payable 1,646 1,748
Deferred revenue 32,156 45,855
TOTAL CURRENT LIABILITIES 196,558 229,132
Long-term debt, net 1,422,284 1,418,104
Long-term operating lease liabilities 68,099 78,157
Deferred income taxes 23,119 157,718
Other 2,185 2,227
TOTAL LIABILITIES 1,712,245 1,885,338
Commitments and contingencies (Note 16)
TOTAL DEFICIT    
Common stock, $0 par value; 1,000,000 shares authorized; 122,052 shares issued at December 31, 2022 and 122,052 shares issued at January 1, 2022 0 0
Treasury stock, at cost, 51,496 shares at December 31, 2022 and 51,988 shares at January 1, 2022 (3,097,304) (3,120,149)
Retained earnings 2,418,959 2,682,349
Accumulated other comprehensive loss (5,470) (18,604)
TOTAL DEFICIT (683,815) (456,404)
TOTAL LIABILITIES AND TOTAL DEFICIT $ 1,028,430 $ 1,428,934