CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jan. 01, 2022	Jan. 02, 2021
CURRENT ASSETS
Cash and cash equivalents	$ 153,794	$ 165,887
Receivables (net of allowances: January 1, 2022 - $1,726 and January 2, 2021 - $2,298)	29,321	34,555
Inventories	30,566	39,456
Prepaid income taxes	30,478	20,028
Prepaid marketing and advertising	5,981	15,656
Prepaid expenses and other current assets	21,033	23,610
TOTAL CURRENT ASSETS	271,173	299,192
Property and equipment, net	37,219	51,935
Operating lease assets	89,902	119,102
Franchise rights acquired	785,195	765,850
Goodwill	157,374	155,617
Other intangible assets, net	61,126	59,709
Deferred income taxes	11,259	13,625
Other noncurrent assets	15,686	16,144
TOTAL ASSETS	1,428,934	1,481,174
CURRENT LIABILITIES
Portion of long-term debt due within one year		77,000
Portion of operating lease liabilities due within one year	20,297	28,551
Accounts payable	22,444	23,052
Salaries and wages payable	57,401	58,047
Accrued marketing and advertising	15,904	15,556
Accrued interest	5,085	2,710
Other accrued liabilities	45,728	48,615
Derivative payable	14,670	28,283
Income taxes payable	1,748	7,810
Deferred revenue	45,855	50,475
TOTAL CURRENT LIABILITIES	229,132	340,099
Long-term debt, net	1,418,104	1,408,800
Long-term operating lease liabilities	78,157	101,561
Deferred income taxes	157,718	173,713
Other	2,227	5,212
TOTAL LIABILITIES	1,885,338	2,029,385
Commitments and contingencies (Note 16)
TOTAL DEFICIT
Common stock, $0 par value; 1,000,000 shares authorized; 122,052 shares issued at January 1, 2022 and 121,470 shares issued at January 2, 2021	0	0
Treasury stock, at cost, 51,988 shares at January 1, 2022 and 52,497 shares at January 2, 2021	(3,120,149)	(3,140,903)
Retained earnings	2,682,349	2,617,841
Accumulated other comprehensive loss	(18,604)	(25,149)
TOTAL DEFICIT	(456,404)	(548,211)
TOTAL LIABILITIES AND TOTAL DEFICIT	$ 1,428,934	$ 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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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.