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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jan. 02, 2021
Dec. 28, 2019
CURRENT ASSETS    
Cash and cash equivalents $ 165,887 $ 182,736
Receivables (net of allowances: January 2, 2021 - $2,298 and December 28, 2019 - $1,813) 34,555 30,519
Inventories 39,456 27,204
Prepaid income taxes 20,028 8,395
Prepaid marketing and advertising 15,656 15,954
Prepaid expenses and other current assets 23,610 30,582
TOTAL CURRENT ASSETS 299,192 295,390
Property and equipment, net 51,935 54,066
Operating lease assets 119,102 151,983
Franchise rights acquired 765,850 753,445
Goodwill 155,617 157,916
Other intangible assets, net 59,709 59,031
Deferred income taxes 13,625 14,319
Other noncurrent assets 16,144 12,164
TOTAL ASSETS 1,481,174 1,498,314
CURRENT LIABILITIES    
Portion of long-term debt due within one year 77,000 96,250
Portion of operating lease liabilities due within one year 28,551 33,236
Accounts payable 23,052 29,064
Salaries and wages payable 58,047 66,656
Accrued marketing and advertising 15,556 14,815
Accrued interest 2,710 24,637
Other accrued liabilities 48,615 43,558
Derivative payable 28,283 21,597
Income taxes payable 7,810 3,644
Deferred revenue 50,475 60,613
TOTAL CURRENT LIABILITIES 340,099 394,070
Long-term debt, net 1,408,800 1,479,920
Long-term operating lease liabilities 101,561 128,464
Deferred income taxes 173,713 175,235
Other 5,212 2,446
TOTAL LIABILITIES 2,029,385 2,180,135
Commitments and contingencies (Note 16)
Redeemable noncontrolling interest 0 3,722
TOTAL DEFICIT    
Common stock, $0 par value; 1,000,000 shares authorized; 121,470 shares issued at January 2, 2021 and 120,352 shares issued at December 28, 2019 0 0
Treasury stock, at cost, 52,497 shares at January 2, 2021 and 52,933 shares at December 28, 2019 (3,140,903) (3,158,274)
Retained earnings 2,617,841 2,500,083
Accumulated other comprehensive loss (25,149) (27,352)
TOTAL DEFICIT (548,211) (685,543)
TOTAL LIABILITIES AND TOTAL DEFICIT $ 1,481,174 $ 1,498,314