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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 28, 2024
Dec. 30, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 57,181 $ 109,366
Receivables (net of allowances: September 28, 2024 - $2,399 and December 30, 2023 - $1,041) 12,615 14,938
Prepaid income taxes 11,240 25,370
Prepaid marketing and advertising 3,390 10,149
Prepaid expenses and other current assets 16,802 19,651
TOTAL CURRENT ASSETS 101,228 179,474
Property and equipment, net 16,901 19,741
Operating lease assets 45,312 52,272
Franchise rights acquired 71,184 386,526
Goodwill 242,754 243,441
Other intangible assets, net 49,319 63,208
Deferred income taxes 17,309 19,683
Other noncurrent assets 18,346 17,685
TOTAL ASSETS 562,353 982,030
CURRENT LIABILITIES    
Portion of operating lease liabilities due within one year 8,976 9,613
Accounts payable 16,739 18,507
Salaries and wages payable 62,253 79,096
Accrued marketing and advertising 11,519 18,215
Accrued interest 17,478 5,346
Deferred acquisition payable 15,055 16,500
Other accrued liabilities 19,307 22,610
Income taxes payable 6,705 1,609
Deferred revenue 31,425 33,966
TOTAL CURRENT LIABILITIES 189,457 205,462
Long-term debt, net 1,429,598 1,426,464
Long-term operating lease liabilities 46,925 53,461
Deferred income taxes 23,467 41,994
Other 1,626 15,743
TOTAL LIABILITIES 1,691,073 1,743,124
TOTAL DEFICIT    
Common stock, $0 par value; 1,000,000 shares authorized; 130,048 shares issued at September 28, 2024 and 130,048 shares issued at December 30, 2023 0 0
Treasury stock, at cost, 50,314 shares at September 28, 2024 and 50,859 shares at December 30, 2023 (3,039,309) (3,064,628)
Retained earnings 1,925,146 2,314,834
Accumulated other comprehensive loss (14,557) (11,300)
TOTAL DEFICIT (1,128,720) (761,094)
TOTAL LIABILITIES AND TOTAL DEFICIT $ 562,353 $ 982,030