CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Apr. 03, 2021	Jan. 02, 2021
CURRENT ASSETS
Cash and cash equivalents	$ 113,313	$ 165,887
Receivables (net of allowances: April 3, 2021 - $2,211 and January 2, 2021 - $2,298)	39,889	34,555
Inventories	34,369	39,456
Prepaid income taxes	31,079	20,028
Prepaid marketing and advertising	6,344	15,656
Prepaid expenses and other current assets	26,182	23,610
TOTAL CURRENT ASSETS	251,176	299,192
Property and equipment, net	46,893	51,935
Operating lease assets	108,138	119,102
Franchise rights acquired	786,371	765,850
Goodwill	155,781	155,617
Other intangible assets, net	59,468	59,709
Deferred income taxes	13,045	13,625
Other noncurrent assets	15,502	16,144
TOTAL ASSETS	1,436,374	1,481,174
CURRENT LIABILITIES
Portion of long-term debt due within one year	77,000	77,000
Portion of operating lease liabilities due within one year	24,045	28,551
Accounts payable	21,030	23,052
Salaries and wages payable	60,483	58,047
Accrued marketing and advertising	10,070	15,556
Accrued interest	9,352	2,710
Other accrued liabilities	48,145	48,615
Derivative payable	23,053	28,283
Income taxes payable	4,132	7,810
Deferred revenue	50,016	50,475
TOTAL CURRENT LIABILITIES	327,326	340,099
Long-term debt, net	1,391,019	1,408,800
Long-term operating lease liabilities	93,552	101,561
Deferred income taxes	172,765	173,713
Other	7,490	5,212
TOTAL LIABILITIES	1,992,152	2,029,385
TOTAL DEFICIT
Common stock, $0 par value; 1,000,000 shares authorized; 121,801 shares issued at April 3, 2021 and 121,470 shares issued at January 2, 2021	0	0
Treasury stock, at cost, 52,471 shares at April 3, 2021 and 52,497 shares at January 2, 2021	(3,139,855)	(3,140,903)
Retained earnings	2,606,171	2,617,841
Accumulated other comprehensive loss	(22,094)	(25,149)
TOTAL DEFICIT	(555,778)	(548,211)
TOTAL LIABILITIES AND TOTAL DEFICIT	$ 1,436,374	$ 1,481,174

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Carrying value as of the balance sheet date of obligations incurred through that date and payable for the marketing, trade and selling of the entity's goods and services. Marketing costs would include expenditures for planning and executing the conception, pricing, promotion, and distribution of ideas, goods, and services; costs of public relations and corporate promotions; and obligations incurred and payable for sales discounts, rebates, price protection programs, etc. offered to customers and under government programs. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

+ References

No definition available.