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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Oct. 02, 2022
Jan. 02, 2022
Current assets:    
Cash and cash equivalents $ 28,096 $ 38,562
Restricted cash 403 630
Accounts receivable, net 46,941 47,491
Inventories 49,406 34,851
Taxes receivable 16,537 14,662
Prepaid expense and other current assets 33,126 20,701
Total current assets 174,509 156,897
Property and equipment, net 450,954 438,918
Goodwill 1,074,241 1,105,322
Other intangible assets, net 966,358 992,520
Operating lease right of use asset, net 410,001 435,168
Other assets 25,788 16,429
Total assets 3,101,851 3,145,254
Current liabilities:    
Current portion of long-term debt 40,243 36,583
Current operating lease liabilities 45,551 50,359
Accounts payable 188,059 182,104
Accrued liabilities 111,818 140,750
Structured payables 123,331 116,361
Total current liabilities 509,002 526,157
Long-term debt, less current portion 738,504 680,307
Noncurrent operating lease liabilities 400,594 415,208
Deferred income taxes, net 140,244 145,418
Other long-term obligations and deferred credits 39,784 42,509
Total liabilities 1,828,128 1,809,599
Commitments and contingencies
Shareholders’ equity:    
Common stock, $0.01 par value; 300,000 shares authorized as of both October 2, 2022 and January 2, 2022; 167,437 and 167,251 shares issued and outstanding as of October 2, 2022 and January 2, 2022, respectively 1,674 1,673
Additional paid-in capital 1,422,850 1,415,185
Shareholder note receivable (4,812) (4,382)
Accumulated other comprehensive loss, net of income tax (37,380) (2,478)
Retained deficit (208,886) (178,409)
Total shareholders’ equity attributable to Krispy Kreme, Inc. 1,173,446 1,231,589
Noncontrolling interest 100,277 104,066
Total shareholders’ equity 1,273,723 1,335,655
Total liabilities and shareholders’ equity $ 3,101,851 $ 3,145,254