Fair Value Measurements (Tables)

6 Months Ended

Jun. 19, 2022

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 June 19, 2022 and January 2, 2022:

	At June 19, 2022
			Fair Value Estimated Using
	Carrying		Level 1		Level 2		Level 3
	Amount		Inputs		Inputs		Inputs
Cash equivalents	$	76,381	$	76,381	$	—	$	—
Restricted cash equivalents		117,426		117,426		—		—
Investments in marketable securities		13,740		13,740		—		—
Advertising fund cash equivalents, restricted		150,752		150,752		—		—
Investments		125,840		—		—		125,840

	At January 2, 2022
			Fair Value Estimated Using
	Carrying		Level 1		Level 2		Level 3
	Amount		Inputs		Inputs		Inputs
Cash equivalents	$	87,384	$	87,384	$	—	$	—
Restricted cash equivalents		115,185		115,185		—		—
Investments in marketable securities		15,433		15,433		—		—
Advertising fund cash equivalents, restricted		140,115		140,115		—		—
Investments		125,840		—		—		125,840

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

The following table summarizes the reconciliation of the carrying amount of the Company’s investment in DPC Dash from the opening balance at January 3, 2021 to the closing balance at June 20, 2021 as a result of the additional investment made in the first quarter of 2021.

	Two Fiscal Quarters Ended June 20, 2021
	Carrying Amount						Carrying Amount
	January 3,				Unrealized		June 20,
	2021		Purchases		Gain		2021
Investments	$	40,000	$	40,000	$	2,500	$	82,500

F

Schedule of Estimated Fair Value

anagement estimated the approximate fair values of the Company's 2015, 2017, 2018, 2019 and 2021 notes as follows:

	June 19, 2022				January 2, 2022
	Principal Amount		Fair Value		Principal Amount		Fair Value
2015 Ten-Year Notes	$	756,000	$	737,856	$	760,000	$	777,480
2017 Ten-Year Notes		957,500		901,008		962,500		1,000,038
2018 7.5-Year Notes		410,125		395,361		412,250		420,907
2018 9.25-Year Notes		386,000		368,244		388,000		407,788
2019 Ten-Year Notes		659,813		589,872		663,188		693,031
2021 7.5-Year Notes		841,500		720,324		845,750		849,133
2021 Ten-Year Notes		990,000		832,590		995,000		1,017,885