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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 29, 2025
Dec. 28, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 236,346 $ 53,024
Receivables (net of allowances: March 29, 2025 - $3,261 and December 28, 2024 - $3,166) 13,812 14,428
Prepaid income taxes 4,446 11,676
Prepaid marketing and advertising 1,320 4,969
Prepaid expenses and other current assets 25,328 18,551
TOTAL CURRENT ASSETS 281,252 102,648
Property and equipment, net 14,670 15,798
Operating lease assets 39,786 42,047
Franchise rights acquired 43,529 71,131
Goodwill 240,283 239,583
Other intangible assets, net 41,903 44,631
Deferred income taxes 18,201 16,686
Other noncurrent assets 17,249 17,752
TOTAL ASSETS 696,873 550,276
CURRENT LIABILITIES    
Portion of long-term debt due within one year, net 1,603,029  
Portion of operating lease liabilities due within one year 7,387 8,168
Accounts payable 37,349 17,803
Salaries and wages payable 47,856 53,143
Accrued marketing and advertising 11,862 12,805
Accrued interest 24,789 11,322
Deferred acquisition payable 15,950 15,503
Other accrued liabilities 22,772 20,593
Income taxes payable 18,681 2,339
Deferred revenue 31,928 31,655
TOTAL CURRENT LIABILITIES 1,821,603 173,331
Long-term debt, net   1,430,643
Long-term operating lease liabilities 42,587 44,322
Deferred income taxes 13,994 14,762
Other noncurrent liabilities 1,612 1,590
TOTAL LIABILITIES 1,879,796 1,664,648
TOTAL DEFICIT    
Common stock, $0 par value; 1,000,000 shares authorized; 130,048 shares issued at March 29, 2025 and 130,048 shares issued at December 28, 2024 0 0
Treasury stock, at cost, 49,788 shares at March 29, 2025 and 49,997 shares at December 28, 2024 (3,015,138) (3,024,710)
Retained earnings 1,854,785 1,936,170
Accumulated other comprehensive loss (22,570) (25,832)
TOTAL DEFICIT (1,182,923) (1,114,372)
TOTAL LIABILITIES AND TOTAL DEFICIT $ 696,873 $ 550,276