Fair Value Measurements (Tables)

8 Months Ended

Sep. 11, 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 September 11, 2022 and January 2, 2022:

	At September 11, 2022
			Fair Value Estimated Using
	Carrying		Level 1		Level 2		Level 3
	Amount		Inputs		Inputs		Inputs
Cash equivalents	$	73,258	$	73,258	$	—	$	—
Restricted cash equivalents		117,195		117,195		—		—
Investments in marketable securities		13,498		13,498		—		—
Advertising fund cash equivalents, restricted		146,235		146,235		—		—
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 September 12, 2021 as a result of the additional investment made in the first quarter of 2021:

	Three Fiscal Quarters Ended September 12, 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

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

	September 11, 2022				January 2, 2022
	Principal Amount		Fair Value		Principal Amount		Fair Value
2015 Ten-Year Notes	$	754,000	$	734,396	$	760,000	$	777,480
2017 Ten-Year Notes		955,000		899,610		962,500		1,000,038
2018 7.5-Year Notes		409,063		394,336		412,250		420,907
2018 9.25-Year Notes		385,000		365,750		388,000		407,788
2019 Ten-Year Notes		658,125		590,996		663,188		693,031
2021 7.5-Year Notes		839,375		722,702		845,750		849,133
2021 Ten-Year Notes		987,500		834,438		995,000		1,017,885