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Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 04, 2021
Jan. 03, 2021
ASSETS    
Cash and cash equivalents $ 59,929 $ 64,964
Trade and other receivables 19,524 19,862
Inventories 11,983 11,595
Prepaid Rent 8,207 8,046
Prepaid expenses and other current assets 13,328 7,309
Refundable income taxes 169 169
Total current assets 113,140 111,945
Property and equipment, net 345,206 349,555
Franchise rights, net 331,160 334,597
Goodwill 122,619 122,619
Franchise agreements, net 31,139 31,584
Operating leases 795,157 799,962
Other assets 6,769 6,823
Total assets 1,745,190 1,757,085
LIABILITIES AND STOCKHOLDERS' EQUITY    
Current portion of long-term debt and finance lease liabilities 5,668 5,525
Less: current portion 42,495 41,815
Accounts payable 33,931 27,596
Accrued payroll, related taxes and benefits 41,582 49,417
Accrued real estate taxes 6,430 7,774
Other liabilities 28,671 24,214
Total current liabilities 158,777 156,341
Long-term debt and finance lease liabilities, net of current portion 475,281 475,695
Lease financing obligations 1,190 1,191
Operating lease liabilities 805,008 809,969
Deferred income taxes, net 9,747 11,362
Accrued postretirement benefits 1,453 1,523
Other liabilities 24,799 29,472
Total liabilities 1,476,255 1,485,553
Commitments and contingencies
Stockholders' equity:    
Preferred stock, par value $.01 0 0
Voting common stock, par value $.01 520 515
Additional paid-in capital 307,933 306,469
Accumulated deficit (25,535) (18,367)
Accumulated other comprehensive income 144 (3,015)
Treasury stock, at cost (14,127) (14,070)
Total stockholders' equity 268,935 271,532
Total liabilities and stockholders' equity $ 1,745,190 $ 1,757,085
Preferred stock, par value $ 0.01 $ 0.01
Preferred stock, shares authorized 20,000,000 20,000,000
Preferred stock, shares issued 100 100
Voting common stock, par value $ 0.01 $ 0.01
Voting common stock, shares authorized 100,000,000 100,000,000