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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 03, 2022
Jan. 02, 2022
ASSETS    
Cash and cash equivalents $ 8,068 $ 29,151
Trade and other receivables 20,410 16,644
Inventories 13,728 14,023
Prepaid expenses and other current assets 12,607 8,530
Total current assets 54,813 68,348
Property and equipment, net of accumulated depreciation of $511,984 and $489,588, respectively 329,529 337,702
Franchise rights, net of accumulated amortization of $154,448 and $147,486, respectively (Note 4) 319,782 326,769
Goodwill 107,751 124,451
Operating right-of-use assets, net (Note 7) 776,199 791,763
Franchise agreements, at cost less accumulated amortization of $16,079 and $14,608, respectively 29,704 30,788
Deferred income taxes (Note 9) 3,907 0
Other assets 12,212 7,243
Total assets 1,633,897 1,687,064
LIABILITIES AND STOCKHOLDERS' EQUITY    
Current portion of long-term debt and finance lease liabilities (Notes 7 and 8) 7,181 5,794
Current portion of operating lease liabilities (Note 7) 46,162 44,688
Accounts payable 30,529 31,164
Accrued interest 717 9,433
Accrued payroll, related taxes and benefits 45,406 50,855
Accrued real estate taxes 8,093 8,256
Other liabilities 23,144 18,433
Total current liabilities 161,232 168,623
Long-term debt and finance lease liabilities, net of current portion (Notes 7 and 8) 496,966 465,317
Operating lease liabilities (Note 7) 788,028 802,959
Deferred income taxes, net (Note 9) 0 7,617
Accrued postretirement benefits 1,478 1,552
Other liabilities (Note 6) 11,960 26,772
Total liabilities 1,459,664 1,472,840
Commitments and contingencies (Note 11)
Stockholders' equity:    
Preferred stock, par value $.01; authorized 20,000,000 shares, issued and outstanding—100 shares 0 0
Voting common stock, par value $.01; authorized—100,000,000 shares, issued—55,408,225 and 53,374,341 shares, respectively, and outstanding—50,805,461 and 49,932,558 shares, respectively 529 520
Additional paid-in capital 290,684 287,816
Accumulated deficit (109,141) (61,396)
Accumulated other comprehensive income 6,288 1,411
Treasury stock, at cost (14,127) (14,127)
Total stockholders' equity 174,233 214,224
Total liabilities and stockholders' equity $ 1,633,897 $ 1,687,064