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Notes Receivable
12 Months Ended
Jan. 03, 2015
Notes Receivable
Note 5. Notes Receivable

The company provides direct financing to certain independent distributors for the purchase of the distributors’ territories and records the notes receivable on the Consolidated Balance Sheets. The territories are financed for up to ten years. During fiscal years 2014, 2013, and 2012, $20.9 million, $16.0 million, and $13.7 million, respectively, was recorded as interest income relating to the distributor notes. The distributor notes are collateralized by the independent distributors’ territories. Additional details are included in Note 14, Fair Value of Financial Instruments.