CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jul. 02, 2022	Jan. 01, 2022
CURRENT ASSETS
Cash and cash equivalents	$ 148,595	$ 153,794
Receivables (net of allowances: July 2, 2022 - $1,906 and January 1, 2022 - $1,726)	32,277	29,321
Inventories	32,330	30,566
Prepaid income taxes	22,758	30,478
Prepaid expenses and other current assets	29,500	27,014
TOTAL CURRENT ASSETS	265,460	271,173
Property and equipment, net	31,913	37,219
Operating lease assets	83,777	89,902
Franchise rights acquired	756,750	785,195
Goodwill	159,932	157,374
Other intangible assets, net	61,991	61,126
Deferred income taxes	14,570	11,259
Other noncurrent assets	16,220	15,686
TOTAL ASSETS	1,390,613	1,428,934
CURRENT LIABILITIES
Portion of operating lease liabilities due within one year	18,431	20,297
Accounts payable	24,526	22,444
Salaries and wages payable	61,951	57,401
Accrued marketing and advertising	7,756	15,904
Accrued interest	5,282	5,085
Other accrued liabilities	41,395	45,728
Derivative payable	307	14,670
Income taxes payable	937	1,748
Deferred revenue	47,637	45,855
TOTAL CURRENT LIABILITIES	208,222	229,132
Long-term debt, net	1,420,194	1,418,104
Long-term operating lease liabilities	73,210	78,157
Deferred income taxes	142,878	157,718
Other	2,217	2,227
TOTAL LIABILITIES	1,846,721	1,885,338
TOTAL DEFICIT
Common stock, $0 par value; 1,000,000 shares authorized; 122,052 shares issued at July 2, 2022 and 122,052 shares issued at January 1, 2022	0	0
Treasury stock, at cost, 51,691 shares at July 2, 2022 and 51,988 shares at January 1, 2022	(3,107,324)	(3,120,149)
Retained earnings	2,661,818	2,682,349
Accumulated other comprehensive loss	(10,602)	(18,604)
TOTAL DEFICIT	(456,108)	(456,404)
TOTAL LIABILITIES AND TOTAL DEFICIT	$ 1,390,613	$ 1,428,934

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.