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Consolidated Balance Sheets - USD ($)
$ in Thousands
Oct. 02, 2022
Jan. 02, 2022
ASSETS    
Cash and cash equivalents $ 3,237 $ 29,151
Trade and other receivables 20,823 16,644
Inventories 13,567 14,023
Prepaid expenses and other current assets 18,807 8,530
Total current assets 56,434 68,348
Property and equipment, net of accumulated depreciation of $524,095 and $489,588, respectively 320,387 337,702
Franchise rights, net of accumulated amortization of $157,937 and $147,486, respectively (Note 4) 316,293 326,769
Goodwill 107,751 124,451
Operating right-of-use assets, net (Note 7) 773,505 791,763
Franchise agreements, at cost less accumulated amortization of $16,696 and $14,608, respectively 29,095 30,788
Deferred income taxes (Note 9) 6,461 0
Other assets (Note 8) 14,530 7,243
Total assets 1,624,456 1,687,064
LIABILITIES AND STOCKHOLDERS' EQUITY    
Current portion of long-term debt and finance lease liabilities (Notes 7 and 8) 7,293 5,794
Current portion of operating lease liabilities (Note 7) 46,812 44,688
Accounts payable 30,082 31,164
Accrued interest 5,173 9,433
Accrued payroll, related taxes and benefits 46,508 50,855
Accrued real estate taxes 9,453 8,256
Other liabilities 32,428 18,433
Total current liabilities 177,749 168,623
Long-term debt and finance lease liabilities, net of current portion (Notes 7 and 8) 478,807 465,317
Operating lease liabilities (Note 7) 785,585 802,959
Deferred income taxes, net (Note 9) 0 7,617
Accrued postretirement benefits 1,437 1,552
Other liabilities (Note 6) 11,497 26,772
Total liabilities 1,455,075 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—55,378,225 and 53,374,341 shares, respectively, and outstanding—50,805,461 and 49,932,558 shares, respectively 529 520
Additional paid-in capital 291,624 287,816
Accumulated deficit (117,838) (61,396)
Accumulated other comprehensive income 9,193 1,411
Treasury stock, at cost (14,127) (14,127)
Total stockholders' equity 169,381 214,224
Total liabilities and stockholders' equity $ 1,624,456 $ 1,687,064