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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 28, 2024
Dec. 30, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 53,024 $ 109,366
Receivables (net of allowances: December 28, 2024 - $3,166 and December 30, 2023 - $1,041) 14,428 14,938
Prepaid income taxes 11,676 25,370
Prepaid marketing and advertising 4,969 10,149
Prepaid expenses and other current assets 18,551 19,651
TOTAL CURRENT ASSETS 102,648 179,474
Property and equipment, net 15,798 19,741
Operating lease assets 42,047 52,272
Franchise rights acquired 71,131 386,526
Goodwill 239,583 243,441
Other intangible assets, net 44,631 63,208
Deferred income taxes 16,686 19,683
Other noncurrent assets 17,752 17,685
TOTAL ASSETS 550,276 982,030
CURRENT LIABILITIES    
Portion of operating lease liabilities due within one year 8,168 9,613
Accounts payable 17,803 18,507
Salaries and wages payable 53,143 79,096
Accrued marketing and advertising 12,805 18,215
Accrued interest 11,322 5,346
Deferred acquisition payable 15,503 16,500
Other accrued liabilities 20,593 22,610
Income taxes payable 2,339 1,609
Deferred revenue 31,655 33,966
TOTAL CURRENT LIABILITIES 173,331 205,462
Long-term debt, net 1,430,643 1,426,464
Long-term operating lease liabilities 44,322 53,461
Deferred income taxes 14,762 41,994
Other noncurrent liabilities 1,590 15,743
TOTAL LIABILITIES 1,664,648 1,743,124
Commitments and contingencies (Note 16)
TOTAL DEFICIT    
Common stock, $0 par value; 1,000,000 shares authorized; 130,048 shares issued at December 28, 2024 and 130,048 shares issued at December 30, 2023 0 0
Treasury stock, at cost, 49,997 shares at December 28, 2024 and 50,859 shares at December 30, 2023 (3,024,710) (3,064,628)
Retained earnings 1,936,170 2,314,834
Accumulated other comprehensive loss (25,832) (11,300)
TOTAL DEFICIT (1,114,372) (761,094)
TOTAL LIABILITIES AND TOTAL DEFICIT $ 550,276 $ 982,030