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Cash and Receivables (Notes) | 12 Months Ended
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Jan. 02, 2022
Cash and Receivables [Abstract] |
Cash and Receivables | Cash and Receivables
| Year End
| January 2, 2022 |  | January 3, 2021
Cash and cash equivalents |  |  |
Cash | $ | 249,438 |  |  | $ | 231,922 |
Cash equivalents | — |  |  | 75,067 |
| 249,438 |  |  | 306,989 |
Restricted cash |  |  |
Accounts held by trustee for the securitized financing facility | 27,188 |  |  | 33,635 |
Other | 347 |  |  | 338 |
| 27,535 |  |  | 33,973 |
Advertising Funds (a) | 89,993 |  |  | 77,279 |
| 117,528 |  |  | 111,252 |
Total cash, cash equivalents and restricted cash | $ | 366,966 |  |  | $ | 418,241 |
_______________ (a)Included in “Advertising funds restricted assets.”
| Year End
| January 2, 2022 |  | January 3, 2021
| Gross |  | Allowance for Doubtful Accounts |  | Net |  | Gross |  | Allowance for Doubtful Accounts |  | Net
Accounts and Notes Receivable, Net |  |  |  |  |  |  |  |  |  |  |
Current |  |  |  |  |  |  |  |  |  |  |
Accounts receivable (a) (b) | $ | 104,744 |  |  | $ | (3,229) |  |  | $ | 101,515 |  |  | $ | 97,399 |  |  | $ | (3,739) |  |  | $ | 93,660 |
Notes receivable from franchisees (c) (d) | 23,000 |  |  | (4,975) |  |  | 18,025 |  |  | 21,227 |  |  | (4,996) |  |  | 16,231 |
| $ | 127,744 |  |  | $ | (8,204) |  |  | $ | 119,540 |  |  | $ | 118,626 |  |  | $ | (8,735) |  |  | $ | 109,891 |
Non-current (e) |  |  |  |  |  |  |  |  |  |  |
Notes receivable from franchisees (d) | $ | 4,514 |  |  | $ | (315) |  |  | $ | 4,199 |  |  | $ | 6,759 |  |  | $ | (629) |  |  | $ | 6,130 |
_______________ (a)Includes income tax refund receivables of $11,901 and $5,399 as of January 2, 2022 and January 3, 2021, respectively. (b)As of January 3, 2021, included incremental rent receivables of $5,226 due to actions taken by the Company in response to the COVID-19 pandemic, which included offering to defer base rent payments on properties owned by Wendy’s and leased to franchisees by 50% and offering to pass along any deferrals that were obtained on properties leased by Wendy’s and subleased to franchisees by up to 100%, beginning in May for a three month period, which were substantially repaid over a 12 month period beginning in August 2020. (c)Includes the current portion of sales-type and direct financing lease receivables of $6,266 and $5,965 as of January 2, 2022 and January 3, 2021, respectively. See Note 20 for further information. (d)Includes a note receivable from a franchisee in India, of which $335 and $356 are included in current notes receivable and $315 and $629 are included in non-current notes receivable as of January 2, 2022 and January 3, 2021, respectively. As of January 2, 2022 and January 3, 2021, the Company had reserves of $650 and $985, respectively, on the loan outstanding to the franchisee in India. Includes a note receivable from a franchisee in Indonesia, of which $1,795 and $831 are included in current notes receivable as of January 2, 2022 and January 3, 2021, respectively, and $1,780 which is included in non-current notes receivable as of January 3, 2021. Includes notes receivable related to the Brazil JV, of which $12,925 and $12,775 are included in current notes receivable and $4,200 and $4,350 are included in non-current notes receivable as of January 2, 2022 and January 3, 2021, respectively. As of both January 2, 2022 and January 3, 2021, the Company had reserves of $4,640 on the loans outstanding related to the Brazil JV. See Note 8 for further information. (e)Included in “Other assets.” The following is an analysis of the allowance for doubtful accounts:
| Accounts Receivable |  | Notes Receivable |  | Total
2021 |  |  |  |  |
Balance at January 3, 2021 | $ | 3,739 |  |  | $ | 5,625 |  |  | $ | 9,364 |
Provision for doubtful accounts | (148) |  |  | (335) |  |  | (483) |
Uncollectible accounts written off, net of recoveries | (362) |  |  | — |  |  | (362) |
Balance at January 2, 2022 | $ | 3,229 |  |  | $ | 5,290 |  |  | $ | 8,519 |
2020 |  |  |  |  |
Balance at December 29, 2019 | $ | 3,314 |  |  | $ | 6,705 |  |  | $ | 10,019 |
Provision for doubtful accounts | 647 |  |  | 206 |  |  | 853 |
Uncollectible accounts written off, net of recoveries | (222) |  |  | (1,286) |  |  | (1,508) |
Balance at January 3, 2021 | $ | 3,739 |  |  | $ | 5,625 |  |  | $ | 9,364 |
2019 |  |  |  |  |
Balance at December 30, 2018 | $ | 4,939 |  |  | $ | 2,000 |  |  | $ | 6,939 |
Provision for doubtful accounts | (1,618) |  |  | 4,912 |  |  | 3,294 |
Uncollectible accounts written off, net of recoveries | (7) |  |  | (207) |  |  | (214) |
Balance at December 29, 2019 | $ | 3,314 |  |  | $ | 6,705 |  |  | $ | 10,019 |

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