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Fair Value Measurements (Tables)
12 Months Ended
Dec. 29, 2024
Fair Value Disclosures [Abstract]  
Carrying Amounts and Fair Values of Certain Assets

The following table summarizes the carrying amounts and fair values of certain assets at December 29, 2024:

 

 

 

At December 29, 2024

 

 

 

 

 

 

Fair Value Estimated Using

 

 

 

Carrying

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

Amount

 

 

Inputs

 

 

Inputs

 

 

Inputs

 

Cash equivalents

 

$

127,074

 

 

$

127,074

 

 

$

 

 

$

 

Restricted cash equivalents

 

 

140,669

 

 

 

140,669

 

 

 

 

 

 

 

Investments in marketable securities

 

 

20,638

 

 

 

20,638

 

 

 

 

 

 

 

Advertising fund cash equivalents, restricted

 

 

70,350

 

 

 

70,350

 

 

 

 

 

 

 

Investment in DPC Dash

 

 

82,699

 

 

 

82,699

 

 

 

 

 

 

 

The following table summarizes the carrying amounts and fair values of certain assets at December 31, 2023:

 

 

 

At December 31, 2023

 

 

 

 

 

 

Fair Value Estimated Using

 

 

 

Carrying

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

Amount

 

 

Inputs

 

 

Inputs

 

 

Inputs

 

Cash equivalents

 

$

50,732

 

 

$

50,732

 

 

$

 

 

$

 

Restricted cash equivalents

 

 

133,063

 

 

 

133,063

 

 

 

 

 

 

 

Investments in marketable securities

 

 

16,720

 

 

 

16,720

 

 

 

 

 

 

 

Advertising fund cash equivalents, restricted

 

 

69,199

 

 

 

69,199

 

 

 

 

 

 

 

Investment in DPC Dash

 

 

143,553

 

 

 

143,553

 

 

 

 

 

 

 

 

Schedule of Estimated Fair Value

Management estimated the approximate fair values of the Notes as follows:

 

 

 

December 29, 2024

 

 

December 31, 2023

 

 

 

Principal
Amount

 

 

Fair Value

 

 

Principal
Amount

 

 

Fair Value

 

2015 Ten-Year Notes

 

$

742,000

 

 

$

739,032

 

 

$

744,000

 

 

$

727,632

 

2017 Ten-Year Notes

 

 

940,000

 

 

 

915,560

 

 

 

942,500

 

 

 

895,375

 

2018 7.5-Year Notes

 

 

402,688

 

 

 

399,869

 

 

 

403,750

 

 

 

392,041

 

2018 9.25-Year Notes

 

 

379,000

 

 

 

370,662

 

 

 

380,000

 

 

 

365,180

 

2019 Ten-Year Notes

 

 

648,000

 

 

 

599,400

 

 

 

649,688

 

 

 

591,865

 

2021 7.5-Year Notes

 

 

826,625

 

 

 

750,576

 

 

 

828,750

 

 

 

730,958

 

2021 Ten-Year Notes

 

 

972,500

 

 

 

850,938

 

 

 

975,000

 

 

 

830,700