CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jul. 03, 2021	Jan. 02, 2021
CURRENT ASSETS
Cash and cash equivalents	$ 125,564	$ 165,887
Receivables (net of allowances: July 3, 2021 - $2,169 and January 2, 2021 - $2,298)	33,360	34,555
Inventories	29,354	39,456
Prepaid income taxes	42,677	20,028
Prepaid marketing and advertising	4,611	15,656
Prepaid expenses and other current assets	23,860	23,610
TOTAL CURRENT ASSETS	259,426	299,192
Property and equipment, net	42,382	51,935
Operating lease assets	101,382	119,102
Franchise rights acquired	787,472	765,850
Goodwill	156,754	155,617
Other intangible assets, net	59,600	59,709
Deferred income taxes	12,272	13,625
Other noncurrent assets	16,026	16,144
TOTAL ASSETS	1,435,314	1,481,174
CURRENT LIABILITIES
Portion of long-term debt due within one year	10,000	77,000
Portion of operating lease liabilities due within one year	22,877	28,551
Accounts payable	25,619	23,052
Salaries and wages payable	53,037	58,047
Accrued marketing and advertising	8,608	15,556
Accrued interest	5,444	2,710
Other accrued liabilities	46,476	48,615
Derivative payable	21,532	28,283
Income taxes payable	1,664	7,810
Deferred revenue	51,435	50,475
TOTAL CURRENT LIABILITIES	246,692	340,099
Long-term debt, net	1,459,737	1,408,800
Long-term operating lease liabilities	87,664	101,561
Deferred income taxes	171,472	173,713
Other	7,646	5,212
TOTAL LIABILITIES	1,973,211	2,029,385
TOTAL DEFICIT
Common stock, $0 par value; 1,000,000 shares authorized; 122,052 shares issued at July 3, 2021 and 121,470 shares issued at January 2, 2021	0	0
Treasury stock, at cost, 52,211 shares at July 3, 2021 and 52,497 shares at January 2, 2021	(3,129,329)	(3,140,903)
Retained earnings	2,610,250	2,617,841
Accumulated other comprehensive loss	(18,818)	(25,149)
TOTAL DEFICIT	(537,897)	(548,211)
TOTAL LIABILITIES AND TOTAL DEFICIT	$ 1,435,314	$ 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.