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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 29, 2024
Dec. 30, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 42,709 $ 109,366
Receivables (net of allowances: June 29, 2024 - $2,025 and December 30, 2023 - $1,041) 13,412 14,938
Prepaid income taxes 12,878 25,370
Prepaid marketing and advertising 1,898 10,149
Prepaid expenses and other current assets 17,194 19,651
TOTAL CURRENT ASSETS 88,091 179,474
Property and equipment, net 18,203 19,741
Operating lease assets 47,861 52,272
Franchise rights acquired 128,164 386,526
Goodwill 241,872 243,441
Other intangible assets, net 54,213 63,208
Deferred income taxes 16,615 19,683
Other noncurrent assets 19,237 17,685
TOTAL ASSETS 614,256 982,030
CURRENT LIABILITIES    
Portion of operating lease liabilities due within one year 9,492 9,613
Accounts payable 25,119 18,507
Salaries and wages payable 40,434 79,096
Accrued marketing and advertising 14,028 18,215
Accrued interest 5,345 5,346
Deferred acquisition payable 14,608 16,500
Other accrued liabilities 22,122 22,610
Income taxes payable 35,373 1,609
Deferred revenue 33,849 33,966
TOTAL CURRENT LIABILITIES 200,370 205,462
Long-term debt, net 1,428,553 1,426,464
Long-term operating lease liabilities 49,043 53,461
Deferred income taxes 21,933 41,994
Other 1,640 15,743
TOTAL LIABILITIES 1,701,539 1,743,124
TOTAL DEFICIT    
Common stock, $0 par value; 1,000,000 shares authorized; 130,048 shares issued at June 29, 2024 and 130,048 shares issued at December 30, 2023 0 0
Treasury stock, at cost, 50,344 shares at June 29, 2024 and 50,859 shares at December 30, 2023 (3,040,679) (3,064,628)
Retained earnings 1,970,791 2,314,834
Accumulated other comprehensive loss (17,395) (11,300)
TOTAL DEFICIT (1,087,283) (761,094)
TOTAL LIABILITIES AND TOTAL DEFICIT $ 614,256 $ 982,030