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Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 03, 2022
Jan. 02, 2022
ASSETS    
Cash and cash equivalents $ 8,481 $ 29,151
Trade and other receivables 19,894 16,644
Inventories 13,174 14,023
Prepaid Rent 1,214 1,581
Prepaid expenses and other current assets 13,031 6,802
Refundable income taxes 147 147
Total current assets 55,941 68,348
Property and equipment, net 335,301 337,702
Franchise rights, net 323,272 326,769
Goodwill 124,451 124,451
Franchise agreements, net 30,258 30,788
Operating leases 785,310 791,763
Other assets 11,929 7,243
Total assets 1,666,462 1,687,064
LIABILITIES AND STOCKHOLDERS' EQUITY    
Current portion of long-term debt and finance lease liabilities (Notes 7 and 8) 6,289 5,794
Current portion of operating lease liabilities (Note 7) 45,428 44,688
Accounts payable 30,375 31,164
Accrued interest 5,009 9,433
Accrued payroll, related taxes and benefits 43,498 50,855
Accrued real estate taxes 6,703 8,256
Other liabilities 29,182 18,433
Total current liabilities 166,484 168,623
Long-term debt and finance lease liabilities, net of current portion 486,618 465,317
Operating lease liabilities 796,946 802,959
Deferred income taxes, net 2,424 7,617
Accrued postretirement benefits 1,528 1,552
Other liabilities 13,284 26,772
Total liabilities 1,467,284 1,472,840
Commitments and contingencies
Stockholders' equity:    
Preferred stock, par value $.01 0 0
Voting common stock, par value $.01 529 520
Additional paid-in capital 289,748 287,816
Accumulated deficit (82,665) (61,396)
Accumulated other comprehensive income 5,693 1,411
Treasury stock, at cost (14,127) (14,127)
Total stockholders' equity 199,178 214,224
Total liabilities and stockholders' equity $ 1,666,462 $ 1,687,064