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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 28, 2021
Jan. 03, 2021
ASSETS    
Cash and cash equivalents $ 56,187 $ 64,964
Trade and other receivables 20,990 19,862
Inventories 13,322 11,595
Prepaid Rent 8,359 8,046
Prepaid expenses and other current assets 10,373 7,309
Refundable income taxes 185 169
Total current assets 109,416 111,945
Property and equipment, net 365,161 349,555
Franchise rights, net 334,327 334,597
Goodwill 123,248 122,619
Franchise agreements, net 32,129 31,584
Operating leases 794,544 799,962
Other assets 7,593 6,823
Total assets 1,766,418 1,757,085
LIABILITIES AND STOCKHOLDERS' EQUITY    
Current portion of long-term debt and finance lease liabilities 4,996 5,525
Less: current portion 43,222 41,815
Accounts payable 32,509 27,596
Accrued payroll, related taxes and benefits 44,178 49,417
Accrued real estate taxes 8,085 7,774
Other liabilities 21,932 24,214
Total current liabilities 154,922 156,341
Long-term debt and finance lease liabilities, net of current portion 508,787 475,695
Operating lease liabilities 804,661 809,969
Deferred income taxes, net 9,431 11,362
Accrued postretirement benefits 1,358 1,523
Other liabilities 26,773 30,663
Total liabilities 1,505,932 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 309,547 306,469
Accumulated deficit (35,094) (18,367)
Accumulated other comprehensive income (360) (3,015)
Treasury stock, at cost (14,127) (14,070)
Total stockholders' equity 260,486 271,532
Total liabilities and stockholders' equity $ 1,766,418 $ 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