Fair Value Measurements (Tables)

8 Months Ended

Sep. 12, 2021

Fair Value Disclosures [Abstract]

Carrying Amounts and Fair Values of Certain Assets

The following tables summarize the carrying amounts and fair values of certain assets at September 12, 2021 and January 3, 2021:

	At September 12, 2021
			Fair Value Estimated Using
	Carrying		Level 1		Level 2		Level 3
	Amount		Inputs		Inputs		Inputs
Cash equivalents	$	247,009	$	247,009	$	—	$	—
Restricted cash equivalents		131,725		131,725		—		—
Investments in marketable securities		15,103		15,103		—		—
Advertising fund cash equivalents, restricted		151,763		151,763		—		—
Investments		82,500		—		—		82,500

	At January 3, 2021
			Fair Value Estimated Using
	Carrying		Level 1		Level 2		Level 3
	Amount		Inputs		Inputs		Inputs
Cash equivalents	$	151,502	$	151,502	$	—	$	—
Restricted cash equivalents		126,595		126,595		—		—
Investments in marketable securities		13,251		13,251		—		—
Advertising fund cash equivalents, restricted		104,197		104,197		—		—
Investments		40,000		—		—		40,000

Summary of reconciliation of the carrying amount of the Company's investment  in Dash Brands

The following table summarizes the reconciliation of the carrying amount of the Company’s investment in Dash Brands from the opening balance at January 3, 2021 to the closing balance at September 12, 2021.

	Three Fiscal Quarters of 2021
	Carrying Amount						Carrying Amount
	January 3,				Unrealized		September 12,
	2021		Purchases		Gain		2021
Investments	$	40,000	$	40,000	$	2,500	$	82,500

Schedule of Estimated Fair Value

Management estimated the approximate fair values of the 2015 fixed rate notes, the 2017 fixed and floating rate notes, the 2018 fixed rate notes, the 2019 fixed rate notes and the 2021 fixed rate notes as follows:

	September 12, 2021				January 3, 2021
	Principal Amount		Fair Value		Principal Amount		Fair Value
2015 Ten-Year Fixed Rate Notes	$	762,000	$	794,766	$	766,000	$	809,662
2017 Five-Year Fixed Rate Notes		—		—		582,000		582,582
2017 Ten-Year Fixed Rate Notes		965,000		1,028,690		970,000		1,035,960
2017 Five-Year Floating Rate Notes		—		—		291,000		291,000
2018 7.5-Year Fixed Rate Notes		413,313		429,018		415,438		437,456
2018 9.25-Year Fixed Rate Notes		389,000		420,898		391,000		422,280
2019 Ten-Year Fixed Rate Notes		664,875		715,406		668,250		712,355
2021 7.5-Year Fixed Rate Notes		847,875		880,094		—		—
2021 Ten-Year Fixed Rate Notes		997,500		1,053,360		—		—