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Cash and Receivables (Tables) | 12 Months Ended
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Jan. 02, 2022
Cash and Receivables [Abstract] |
Schedule of Cash and Cash Equivalents |
| 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.”
Schedule of Accounts and Notes Receivable |
| 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.”
Accounts Receivable, Allowance for Doubtful Accounts | 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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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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