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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 30, 2024
Dec. 30, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 66,615 $ 109,366
Receivables (net of allowances: March 30, 2024 - $1,887 and December 30, 2023 - $1,041) 13,173 14,938
Prepaid income taxes 14,316 25,370
Prepaid marketing and advertising 2,982 10,149
Prepaid expenses and other current assets 19,888 19,651
TOTAL CURRENT ASSETS 116,974 179,474
Property and equipment, net 19,068 19,741
Operating lease assets 50,133 52,272
Franchise rights acquired 128,213 386,526
Goodwill 242,258 243,441
Other intangible assets, net 58,031 63,208
Deferred income taxes 20,328 19,683
Other noncurrent assets 19,243 17,685
TOTAL ASSETS 654,248 982,030
CURRENT LIABILITIES    
Portion of operating lease liabilities due within one year 9,660 9,613
Accounts payable 22,514 18,507
Salaries and wages payable 52,769 79,096
Accrued marketing and advertising 15,789 18,215
Accrued interest 11,204 5,346
Deferred acquisition payable 16,000 16,500
Other accrued liabilities 23,019 22,610
Income taxes payable 62,088 1,609
Deferred revenue 36,004 33,966
TOTAL CURRENT LIABILITIES 249,047 205,462
Long-term debt, net 1,427,509 1,426,464
Long-term operating lease liabilities 51,256 53,461
Deferred income taxes 22,544 41,994
Other 16,191 15,743
TOTAL LIABILITIES 1,766,547 1,743,124
TOTAL DEFICIT    
Common stock, $0 par value; 1,000,000 shares authorized; 130,048 shares issued at March 30, 2024 and 130,048 shares issued at December 30, 2023 0 0
Treasury stock, at cost, 50,803 shares at March 30, 2024 and 50,859 shares at December 30, 2023 (3,062,005) (3,064,628)
Retained earnings 1,966,625 2,314,834
Accumulated other comprehensive loss (16,919) (11,300)
TOTAL DEFICIT (1,112,299) (761,094)
TOTAL LIABILITIES AND TOTAL DEFICIT $ 654,248 $ 982,030