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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 30, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 109,366 $ 178,326
Receivables (net of allowances: December 30, 2023 - $1,041 and December 31, 2022 - $976) 14,938 24,273
Inventories 68 20,528
Prepaid income taxes 25,370 19,447
Prepaid marketing and advertising 10,149 7,927
Prepaid expenses and other current assets 19,583 30,830
TOTAL CURRENT ASSETS 179,474 281,331
Property and equipment, net 19,741 28,229
Operating lease assets 52,272 75,696
Franchise rights acquired 386,526 386,745
Goodwill 243,441 155,998
Other intangible assets, net 63,208 63,306
Deferred income taxes 19,683 22,246
Other noncurrent assets 17,685 14,879
TOTAL ASSETS 982,030 1,028,430
CURRENT LIABILITIES    
Portion of operating lease liabilities due within one year 9,613 17,955
Accounts payable 18,507 18,890
Salaries and wages payable 79,096 72,577
Accrued marketing and advertising 18,215 17,927
Accrued interest 5,346 5,289
Deferred acquisition payable 16,500 1,166
Other accrued liabilities 22,610 28,952
Income taxes payable 1,609 1,646
Deferred revenue 33,966 32,156
TOTAL CURRENT LIABILITIES 205,462 196,558
Long-term debt, net 1,426,464 1,422,284
Long-term operating lease liabilities 53,461 68,099
Deferred income taxes 41,994 25,084
Other 15,743 2,185
TOTAL LIABILITIES 1,743,124 1,714,210
Commitments and contingencies (Note 16)
TOTAL DEFICIT    
Common stock, $0 par value; 1,000,000 shares authorized; 130,048 shares issued at December 30, 2023 and 122,052 shares issued at December 31, 2022 0 0
Treasury stock, at cost, 50,859 shares at December 30, 2023 and 51,496 shares at December 31, 2022 (3,064,628) (3,097,304)
Retained earnings 2,314,834 2,416,994
Accumulated other comprehensive loss (11,300) (5,470)
TOTAL DEFICIT (761,094) (685,780)
TOTAL LIABILITIES AND TOTAL DEFICIT $ 982,030 $ 1,028,430