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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Apr. 02, 2016
Jan. 02, 2016
CURRENT ASSETS    
Cash and cash equivalents $ 127,812 $ 241,526
Receivables (net of allowances: April 2, 2016 - $2,179 and January 2, 2016 - $2,226) 27,688 29,281
Inventories 29,779 27,838
Prepaid income taxes 26,140 15,436
Prepaid expenses and other current assets 29,819 37,376
TOTAL CURRENT ASSETS 241,238 351,457
Property and equipment, net 55,243 58,186
Franchise rights acquired 751,575 747,326
Goodwill 163,914 159,331
Trademarks and other intangible assets, net 66,069 66,339
Other noncurrent assets 12,444 11,577
TOTAL ASSETS 1,290,483 1,394,216
CURRENT LIABILITIES    
Portion of long-term debt due within one year 69,000 213,323
Accounts payable 68,961 38,225
Salaries and wages payable 38,656 47,042
Accrued marketing and advertising 20,865 21,554
Accrued interest 20,417 20,739
Other accrued liabilities 56,115 56,477
Derivative payable 58,363 44,170
Deferred revenue 82,513 61,597
TOTAL CURRENT LIABILITIES 414,890 503,127
Long-term debt 1,992,664 1,996,296
Deferred income taxes 156,791 156,625
Other 23,038 23,876
TOTAL LIABILITIES 2,587,383 2,679,924
Redeemable noncontrolling interest 4,643 4,450
TOTAL DEFICIT    
Common stock, $0 par value; 1,000,000 shares authorized; 118,947 shares issued at April 2, 2016 and at January 2, 2016 0 0
Treasury stock, at cost, 55,117 shares at April 2, 2016 and 55,301 shares at January 2, 2016 (3,240,865) (3,247,406)
Retained earnings 1,979,483 1,994,513
Accumulated other comprehensive loss [1] (40,161) (37,265)
TOTAL DEFICIT (1,301,543) (1,290,158)
TOTAL LIABILITIES AND TOTAL DEFICIT $ 1,290,483 $ 1,394,216
[1] Amounts in parentheses indicate debits