Domino's Pizza (DPZ) 10-Q 27 Apr 23 2024 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 26, 2023	Apr. 20, 2023
Cover [Abstract]
Document Type	10-Q
Entity Interactive Data Current	Yes
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Entity Central Index Key	0001286681
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2023
Document Period End Date	Mar. 26, 2023
Entity Registrant Name	Domino’s Pizza, Inc.
Securities Act File Number	001-32242
Current Fiscal Year End Date	--01-01
Entity Tax Identification Number	38-2511577
Entity Incorporation, State or Country Code	DE
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Address, Address Line One	30 Frank Lloyd Wright Drive
Entity Address, City or Town	Ann Arbor
Entity Address, State or Province	MI
Entity Address, Postal Zip Code	48105
City Area Code	734
Local Phone Number	930-3030
Trading Symbol	DPZ
Security Exchange Name	NYSE
Title of 12(b) Security	Common Stock
Entity Common Stock, Shares Outstanding		35,339,030

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 26, 2023	Jan. 01, 2023	[1]
Current assets:
Cash and cash equivalents	$ 154,193	$ 60,356
Restricted cash and cash equivalents	170,798	191,289
Accounts receivable, net	259,163	257,492
Inventories	69,278	81,570
Prepaid expenses and other	34,381	37,287
Advertising fund assets, restricted	139,926	162,660
Total current assets	827,739	790,654
Property, plant and equipment:
Land and buildings	105,581	105,659
Leasehold and other improvements	173,959	172,725
Equipment	342,408	333,787
Construction in progress	19,192	22,536
Property, plant and equipment, Gross	641,140	634,707
Accumulated depreciation and amortization	(342,262)	(332,472)
Property, plant and equipment, net	298,878	302,235
Other assets:
Operating lease right-of-use assets	219,630	219,202
Goodwill	11,688	11,763
Capitalized software, net	113,150	108,354
Investments	125,840	125,840
Deferred income tax assets, net	1,869	1,926
Other assets	42,596	42,247
Total other assets	514,773	509,332
Total assets	1,641,390	1,602,221
Current liabilities:
Current portion of long-term debt	55,228	54,813
Accounts payable	93,547	89,715
Operating lease liabilities	36,847	34,877
Insurance reserves	30,309	31,435
Dividends payable	43,783	866
Advertising fund liabilities	136,578	157,909
Other accrued liabilities	160,073	167,006
Total current liabilities	556,365	536,621
Long-term liabilities:
Long-term debt, less current portion	4,955,228	4,967,420
Operating lease liabilities	194,193	195,244
Insurance reserves	38,030	40,179
Other accrued liabilities	44,587	44,061
Deferred income tax liabilities	4,760	7,761
Total long-term liabilities	5,236,798	5,254,665
Stockholders' deficit
Common stock	353	354
Additional paid-in capital	1,474	9,693
Retained deficit	(4,148,455)	(4,194,418)
Accumulated other comprehensive loss	(5,145)	(4,694)
Total stockholders' deficit	(4,151,773)	(4,189,065)
Total liabilities and stockholders' deficit	$ 1,641,390	$ 1,602,221
[1] The condensed consolidated balance sheet at January 1, 2023 has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements.

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 26, 2023	Mar. 27, 2022
Revenues:
Revenue	$ 1,024,398	$ 1,011,149
Cost of sales:
Cost of sales	638,851	642,525
Gross margin	385,547	368,624
General and administrative	95,189	97,494
U.S. franchise advertising	112,726	106,589
Income from operations	177,483	164,541
Refranchising loss	149
Interest income	2,391	49
Interest expense	(46,547)	(46,872)
Income before provision for income taxes	133,327	117,718
Provision for income taxes	28,557	26,754
Net income	$ 104,770	$ 90,964
Earnings per share:
Common stock - basic	$ 2.96	$ 2.53
Common stock - diluted	$ 2.93	$ 2.50
U.S. Stores [Member] | U.S. Company-owned stores [Member]
Revenues:
Revenue	$ 84,911	$ 103,895
Cost of sales:
Cost of sales	70,572	87,375
U.S. Stores [Member] | U.S. franchise stores [Member]
Revenues:
Revenue	132,864	122,285
U.S. Stores [Member] | U.S. franchise advertising [Member]
Revenues:
Revenue	112,726	106,589
Supply Chain [Member] | Supply Chain Center [Member]
Revenues:
Revenue	624,226	609,547
Cost of sales:
Cost of sales	568,279	555,150
International Franchise [Member] | International franchise royalties and fees [Member]
Revenues:
Revenue	$ 69,671	$ 68,833

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 26, 2023	Mar. 27, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 104,770	$ 90,964
Currency translation adjustment	(451)	614
Comprehensive income	$ 104,319	$ 91,578

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 26, 2023		Mar. 27, 2022
Cash flows from operating activities:
Net income	$ 104,770		$ 90,964
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	18,170		18,976
Refranchising loss	149		0
Loss on sale/disposal of assets	275		195
Amortization of debt issuance costs	1,292		1,319
(Benefit) provision for deferred income taxes	(3,439)		1,319
Non-cash equity-based compensation expense	7,538		7,265
Excess tax deficiencies (benefits) from equity-based compensation	298		(86)
Provision for losses on accounts and notes receivable	572		1,462
Changes in operating assets and liabilities	7,388		(34,718)
Changes in advertising fund assets and liabilities, restricted	(22,331)		(7,907)
Net cash provided by operating activities	114,682		78,789
Cash flows from investing activities:
Capital expenditures	(19,031)		(12,454)
Purchases of franchise operations and other assets	0		(6,814)
Other	(572)		(1,368)
Net cash used in investing activities	(19,603)		(20,636)
Cash flows from financing activities:
Repayments of long-term debt and finance lease obligations	(13,899)		(13,861)
Proceeds from exercise of stock options	343		266
Purchases of common stock	(30,083)		(47,661)
Tax payments for restricted stock upon vesting	(1,553)		(789)
Payments of common stock dividends and equivalents	(89)		(51)
Net cash used in financing activities	(45,281)		(62,096)
Effect of exchange rate changes on cash	(186)		374
Change in cash and cash equivalents, restricted cash and cash equivalents	49,612		(3,569)
Cash and cash equivalents, beginning of period	60,356	[1]	148,160
Restricted cash and cash equivalents, beginning of period	191,289	[1]	180,579
Cash and cash equivalents included in advertising fund assets, restricted, beginning of period	143,559		161,741
Cash and cash equivalents, restricted cash and cash equivalents and cash and cash equivalents included in advertising fund assets, restricted, beginning of period	395,204		490,480
Cash and cash equivalents, end of period	154,193		164,962
Restricted cash and cash equivalents, end of period	170,798		168,241
Cash and cash equivalents included in advertising fund assets, restricted, end of period	119,825		153,708
Cash and cash equivalents, restricted cash and cash equivalents and cash and cash equivalents included in advertising fund assets, restricted, end of period	$ 444,816		$ 486,911
[1] The condensed consolidated balance sheet at January 1, 2023 has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements.

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 26, 2023
Accounting Policies [Abstract]
Basis of Presentation	1. Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. For further information, refer to the consolidated financial statements and footnotes for the fiscal year ended January 1, 2023 included in the Company’s 2022 Annual Report on Form 10-K, filed with the Securities and Exchange Commission on February 23, 2023 (the “2022 Form 10-K”). In the opinion of management, all adjustments, consisting of normal recurring items, considered necessary for a fair statement have been included. Operating results for the fiscal quarter ended March 26, 2023 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2023 .

Segment Information

Segment Information	3 Months Ended
	Mar. 26, 2023
Segment Reporting [Abstract]
Segment Information	2. Segment Information The following tables summarize revenues and earnings before interest, taxes, depreciation, amortization and other, which is the measure by which the Company allocates resources to its segments and which the Company refers to as Segment Income, for each of its reportable segments. Intersegment revenues are comprised of sales of food, equipment and supplies from the supply chain segment to the Company-owned stores in the U.S. stores segment. Intersegment sales prices are market based. The “Other” column as it relates to Segment Income below primarily includes corporate administrative costs that are not allocable to a reportable segment, including labor, computer expenses, professional fees, travel and entertainment, rent, insurance and other corporate administrative costs. Fiscal Quarters Ended March 26, 2023 and March 27, 2022 U.S. Supply International Intersegment Stores Chain Franchise Revenues Other Total Revenues 2023 $ 330,501 $ 650,124 $ 69,671 $ ( 25,898 ) $ — $ 1,024,398 2022 332,769 641,962 68,833 ( 32,415 ) — 1,011,149 Segment Income 2023 $ 112,683 $ 48,515 $ 58,139 N/A $ ( 15,722 ) $ 203,615 2022 97,292 46,349 55,046 N/A ( 7,710 ) 190,977 In the first quarter of 2023, the Company changed its allocation methodology for certain costs which support certain internally developed software used across the Company’s franchise system. This allocation methodology change was implemented in order to reflect the way the chief operating decision maker allocates resources to the Company’s reportable segments and evaluates segment profitability, including the costs of internally developed software. The change in allocation methodology of certain software development costs resulted in an estimated increase in U.S. stores Segment Income of $ 10.1 million, an estimated increase in international franchise Segment Income of $ 2.0 million and an estimated decrease in other Segment Income of $ 12.1 million in the first quarter of 2023. The change in allocation methodology of certain software development costs had no impact on revenues, supply chain Segment Income or total Segment Income. The change in allocation methodology for certain software development costs is a prospective change and the comparative information has not been restated. The following table reconciles total Segment Income to consolidated income before provision for income taxes. Fiscal Quarter Ended March 26, March 27, 2023 2022 Total Segment Income $ 203,615 $ 190,977 Depreciation and amortization ( 18,170 ) ( 18,976 ) Refranchising loss ( 149 ) — Loss on sale/disposal of assets ( 275 ) ( 195 ) Non-cash equity-based compensation expense ( 7,538 ) ( 7,265 ) Income from operations 177,483 164,541 Interest income 2,391 49 Interest expense ( 46,547 ) ( 46,872 ) Income before provision for income taxes $ 133,327 $ 117,718

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 26, 2023
Earnings Per Share [Abstract]
Earnings Per Share	3. Earnings Per Share Fiscal Quarter Ended March 26, March 27, 2023 2022 Net income available to common stockholders - basic and diluted $ 104,770 $ 90,964 Basic weighted average number of shares 35,391,624 36,000,896 Earnings per share – basic $ 2.96 $ 2.53 Diluted weighted average number of shares 35,708,938 36,435,038 Earnings per share – diluted $ 2.93 $ 2.50 The denominators used in calculating diluted earnings per share for common stock for the fiscal quarters ended March 26, 2023 and March 27, 2022 do not include the following because the effect of including these shares would be anti-dilutive or because the performance targets for these awards had not yet been met: Fiscal Quarter Ended March 26, March 27, 2023 2022 Anti-dilutive shares underlying stock-based awards Stock options 231,459 74,152 Restricted stock awards and units 26,975 469 Performance condition not met Restricted stock awards and units 60,068 42,777

Stockholders' Deficit

Stockholders' Deficit	3 Months Ended
	Mar. 26, 2023
Federal Home Loan Banks [Abstract]
Stockholders' Deficit	4. Stockholders’ Deficit The following table summarizes the changes in stockholders’ deficit for the first quarter of 2023. Accumulated Additional Other Common Stock Paid-in Retained Comprehensive Shares Amount Capital Deficit Loss Balance at January 1, 2023 35,419,718 $ 354 $ 9,693 $ ( 4,194,418 ) $ ( 4,694 ) Net income — — — 104,770 — Dividends declared on common stock and equivalents 1.21 per share) — — — ( 43,005 ) — Issuance and cancellation of stock awards, net 14,495 — — — — Tax payments for restricted stock upon vesting ( 5,073 ) — ( 1,553 ) — — Purchases of common stock ( 100,515 ) ( 1 ) ( 14,547 ) ( 15,802 ) — Exercise of stock options 1,508 — 343 — — Non-cash equity-based compensation expense — — 7,538 — — Currency translation adjustment — — — — ( 451 ) Balance at March 26, 2023 35,330,133 $ 353 $ 1,474 $ ( 4,148,455 ) $ ( 5,145 ) Subsequent to the end of the first quarter of 2023 , on April 25, 2023 , the Company’s Board of Directors declared a $ 1.21 per share quarterly dividend on its outstanding common stock for shareholders of record as of June 15, 2023 to be paid on June 30, 2023 . The following table summarizes the changes in stockholders’ deficit for the first quarter of 2022. Accumulated Additional Other Common Stock Paid-in Retained Comprehensive Shares Amount Capital Deficit Loss Balance at January 2, 2022 36,138,273 $ 361 $ 840 $ ( 4,207,917 ) $ ( 2,820 ) Net income — — — 90,964 — Dividends declared on common stock and equivalents 1.10 per share) — — — ( 39,765 ) — Issuance and cancellation of stock awards, net 340 — — — — Tax payments for restricted stock upon vesting ( 1,875 ) — ( 789 ) — — Purchases of common stock ( 100,810 ) ( 1 ) ( 4,037 ) ( 43,623 ) — Exercise of stock options 1,445 — 266 — — Non-cash equity-based compensation expense — — 7,265 — — Currency translation adjustment — — — — 614 Balance at March 27, 2022 36,037,373 $ 360 $ 3,545 $ ( 4,200,341 ) $ ( 2,206 )

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 26, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	. Fair Value Measurements Fair value measurements enable the reader of the financial statements to assess the inputs used to develop those measurements by establishing a hierarchy for ranking the quality and reliability of the information used to determine fair values. The Company classifies and discloses assets and liabilities carried at fair value in one of the following three categories: Level 1: Quoted market prices in active markets for identical assets or liabilities. Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data. Level 3: Unobservable inputs that are not corroborated by market data. Fair Value of Cash Equivalents and Investments The fair values of the Company’s cash equivalents and investments in marketable securities are based on quoted prices in active markets for identical assets. The fair value of the Company’s Level 3 investment is not readily determinable. The fair value represents its cost with adjustments for observable changes in prices resulting from orderly transactions for the identical or a similar investment of the same issuer or impairments. The following tables summarize the carrying amounts and fair values of certain assets at March 26, 2023 and January 1, 2023: At March 26, 2023 Fair Value Estimated Using Carrying Level 1 Level 2 Level 3 Amount Inputs Inputs Inputs Cash equivalents $ 112,975 $ 112,975 $ — $ — Restricted cash equivalents 122,896 122,896 — — Investments in marketable securities 14,622 14,622 — — Advertising fund cash equivalents, restricted 100,768 100,768 — — Investments 125,840 — — 125,840 At January 1, 2023 Fair Value Estimated Using Carrying Level 1 Level 2 Level 3 Amount Inputs Inputs Inputs Cash equivalents $ 23,779 $ 23,779 $ — $ — Restricted cash equivalents 117,212 117,212 — — Investments in marketable securities 13,395 13,395 — — Advertising fund cash equivalents, restricted 124,496 124,496 — — Investments 125,840 — — 125,840 The Company holds a non-controlling interest in DPC Dash Ltd (“DPC Dash”), the Company’s master franchisee in China that owns and operates Domino’s Pizza stores in that market. The Company’s investment in DPC Dash’s senior ordinary shares, which are not in-substance common stock, represents an equity investment without a readily determinable fair value and is recorded at cost with adjustments for observable changes in prices resulting from orderly transactions for the identical or a similar investment of the same issuer or impairments. The Company did not record any adjustments to the carrying amount of its investment in DPC Dash of $ 125.8 million in the first quarter of 2023 or 2022. Subsequent to the end of the first quarter of 2023, on March 28, 2023, DPC Dash completed its initial public offering on the Hong Kong Exchange (HK: 1405) at a price of HK$ 46.00 per share, at which point the Company’s 18,101,019 senior ordinary shares automatically converted to ordinary shares pursuant to the terms of the investment. The Company is required to hold the ordinary shares for at least 360 days from the date of the initial public offering. Beginning in the second quarter of 2023, the Company will account for its investment as a trading security and will record it at fair value at the end of each reporting period, with gains and losses recorded in other income or expense in its condensed consolidated statements of income. Fair Value of Debt The estimated fair values of the Company’s fixed rate notes are classified as Level 2 measurements, as the Company estimates the fair value amount by using available market information. The Company obtained quotes from two separate brokerage firms that are knowledgeable about the Company’s fixed rate notes and, at times, trade these notes. The Company also performed its own internal analysis based on the information gathered from public markets, including information on notes that are similar to those of the Company. However, considerable judgment is required to interpret market data to estimate fair value. Accordingly, the fair value estimates presented are not necessarily indicative of the amount that the Company or the debtholders could realize in a current market exchange. The use of different assumptions and/or estimation methodologies may have a material effect on the estimated fair values stated below. Management estimated the approximate fair values of the Company's 2015, 2017, 2018, 2019 and 2021 notes as follows: March 26, 2023 January 1, 2023 Principal Amount Fair Value Principal Amount Fair Value 2015 Ten-Year Notes $ 750,000 $ 730,500 $ 752,000 $ 717,408 2017 Ten-Year Notes 950,000 900,600 952,500 875,348 2018 7.5-Year Notes 406,938 393,102 408,000 385,968 2018 9.25-Year Notes 383,000 366,531 384,000 355,584 2019 Ten-Year Notes 654,750 588,620 656,438 564,536 2021 7.5-Year Notes 835,125 725,724 837,250 695,755 2021 Ten-Year Notes 982,500 828,248 985,000 792,925 The Company did not have any outstanding borrowings under its variable funding notes at March 26, 2023 or January 1, 2023 .

Revenue Disclosures

Revenue Disclosures	3 Months Ended
	Mar. 26, 2023
Revenue from Contract with Customer [Abstract]
Revenue Disclosures	6. Revenue Disclosures Contract Liabilities Contract liabilities primarily consist of deferred franchise fees and deferred development fees. Deferred franchise fees and deferred development fees of $ 5.6 million and $ 5.5 million were included in current other accrued liabilities as of March 26, 2023 and January 1, 2023, respectively. Deferred franchise fees and deferred development fees of $ 22.3 million and $ 22.7 million were included in long-term other accrued liabilities as of March 26, 2023 and January 1, 2023, respectively. Changes in deferred franchise fees and deferred development fees for the first quarter of 2023 and the first quarter of 2022 were as follows: Fiscal Quarter Ended March 26, March 27, 2023 2022 Deferred franchise fees and deferred development fees, beginning of period $ 28,225 $ 29,694 Revenue recognized during the period ( 1,448 ) ( 1,420 ) New deferrals due to cash received and other 1,162 1,159 Deferred franchise fees and deferred development fees, end of period $ 27,939 $ 29,433 Advertising Fund Assets As of March 26, 2023, advertising fund assets, restricted of $ 139.9 million consisted of $ 119.8 million of cash and cash equivalents, $ 13.2 million of accounts receivable and $ 6.9 million of prepaid expenses. As of March 26, 2023, advertising fund cash and cash equivalents included $ 3.3 million of cash contributed from U.S. Company-owned stores that had not yet been expended. As of January 1, 2023, advertising fund assets, restricted of $ 162.7 million consisted of $ 143.6 million of cash and cash equivalents, $ 13.1 million of accounts receivable and $ 6.0 million of prepaid expenses. As of January 1, 2023, advertising fund cash and cash equivalents included $ 4.8 million of cash contributed from U.S. Company-owned stores that had not yet been expended. Change in Advertising Fund Contributions and Technology Fees Subsequent to the end of the first quarter of 2023, as of March 27, 2023, Domino's National Advertising Fund Inc., the Company’s consolidated not-for-profit advertising subsidiary , effectuated a temporary reduction of 0.25 % to its standard 6.0 % advertising contribution, which is anticipated to be in effect for at least one year. Concurrently, the Company also increased the U.S. digital per-transaction technology fees that are recognized as the related U.S. franchise retail sales occur by $ 0.08 to $ 0.395 for the same time period.

Leases

Leases	3 Months Ended
	Mar. 26, 2023
Leases [Abstract]
Leases	7. Leases The Company leases certain retail store and supply chain center locations, vehicles, equipment and its corporate headquarters with expiration dates through 2041. The components of operating and finance lease cost for the first quarter of 2023 and the first quarter of 2022 were as follows: Fiscal Quarter Ended March 26, March 27, 2023 2022 Operating lease cost $ 10,808 $ 10,275 Finance lease cost: Amortization of right-of-use assets 1,199 1,208 Interest on lease liabilities 983 1,104 Total finance lease cost $ 2,182 $ 2,312 Rent expense totaled $ 19.3 million and $ 18.9 million in the first quarter of 2023 and the first quarter of 2022, respectively. Rent expense includes operating lease cost, as well as expense for non-lease components including common area maintenance, real estate taxes and insurance for the Company’s real estate leases. Rent expense also includes the variable rate per mile driven and fixed maintenance charges for the Company’s supply chain center tractors and trailers and expense for short-term rentals. Rent expense for certain short-term supply chain center tractor and trailer rentals was $ 1.4 million and $ 2.2 million in the first quarter of 2023 and the first quarter of 2022, respectively. Variable rent expense and rent expense for other short-term leases were immaterial in both the first quarter of 2023 and the first quarter of 2022. Supplemental balance sheet information related to the Company’s finance leases as of March 26, 2023 and January 1, 2023 was as follows: March 26, January 1, 2023 2023 Land and buildings $ 83,824 $ 83,902 Equipment 2,501 1,606 Finance lease assets 86,325 85,508 Accumulated depreciation and amortization ( 20,591 ) ( 19,405 ) Finance lease assets, net $ 65,734 $ 66,103 Current portion of long-term debt $ 3,728 $ 3,313 Long-term debt , less current portion 70,276 70,886 Total principal payable on finance leases $ 74,004 $ 74,199 As of March 26, 2023 and January 1, 2023, the weighted average remaining lease term and weighted average discount rate for the Company’s operating and finance leases were as follows: March 26, 2023 January 1, 2023 Operating Finance Operating Finance Leases Leases Leases Leases Weighted average remaining lease term 7 years 14 years 7 years 14 years Weighted average discount rate 4.0 % 6.1 % 3.9 % 6.0 % Supplemental cash flow information related to leases for the first quarter of 2023 and the first quarter of 2022 were as follows: Fiscal Quarter Ended March 26, March 27, 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 10,320 $ 10,637 Operating cash flows from finance leases 983 1,104 Financing cash flows from finance leases 1,024 986 Right-of-use assets obtained in exchange for lease obligations: Operating leases 9,305 7,758 Finance leases 872 — Maturities of lease liabilities as of March 26, 2023 were as follows: Operating Finance Leases Leases 2023 $ 35,586 $ 5,893 2024 43,630 8,232 2025 38,817 8,048 2026 37,110 8,733 2027 30,478 8,008 Thereafter 85,253 68,420 Total future minimum rental commitments 270,874 107,334 Less, amounts representing interest ( 39,834 ) ( 33,330 ) Total lease liabilities $ 231,040 $ 74,004 As of March 26, 2023, the Company had additional leases for one storage warehouse facility and certain supply chain and U.S. Company-owned store vehicles that had not yet commenced with estimated future minimum rental commitments of $ 40.9 million. These leases are expected to commence in 2023 and 2024 with lease terms of up to 11 years . These undiscounted amounts are not included in the table above. The Company has guaranteed lease payments related to certain franchisees’ lease arrangements. The maximum amount of potential future payments under these guarantees was $ 23.3 million and $ 24.5 million as of March 26, 2023 and January 1, 2023 , respectively. The Company does not believe these arrangements have or are likely to have a material effect on its results of operations, financial condition, revenues, expenses or liquidity.

Supplemental Disclosures of Cas

Supplemental Disclosures of Cash Flow Information	3 Months Ended
	Mar. 26, 2023
Supplemental Cash Flow Elements [Abstract]
Supplemental Disclosures of Cash Flow Information	8. Supplemental Disclosures of Cash Flow Information The Company had non-cash investing activities related to accruals for capital expenditures of $ 6.9 million at March 26, 2023 and $ 6.9 million at January 1, 2023. As of March 26, 2023 , the Company had $ 0.3 million in non-cash financing activity related to accruals for excise taxes on share repurchases during the first quarter of 2023.

Company-owned Store Transaction

Company-owned Store Transactions	3 Months Ended
	Mar. 26, 2023
Business Combinations [Abstract]
Company-owned Store Transactions	9. Company-owned Store Transactions During the first quarter of 2023, the Company refranchised one U.S. Company-owned store for proceeds of less than $ 0.1 million. The pre-tax refranchising loss associated with the sale of the related assets and liabilities, including goodwill, was approximately $ 0.1 million. The refranchising loss associated with the sale of this store was recorded in refranchising loss in the Company’s condensed consolidated statements of income.

New Accounting Pronouncements

New Accounting Pronouncements	3 Months Ended
	Mar. 26, 2023
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncements	. New Accounting Pronouncements Accounting Standards Not Yet Adopted The Company has considered all new accounting standards issued by the Financial Accounting Standards Board (“FASB”). The Company has not yet completed its assessment of the following standards. Accounting Standards Update (“ASU”) 2020-04, Facilitation of the Effects of Reference Rate Reform on Financial Reporting, updated by ASU 2022-06, Deferral of the Sunset Date of Topic 848 (“ASU 2022-06”) In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting (“ASU 2020-04”) , which provides temporary optional expedients and exceptions for applying generally accepted accounting principles to contracts, hedging relationships and other transactions affected by reference rate reform. The Company’s 2021 variable funding notes bear interest at fluctuating interest rates based on LIBOR. However, the associated loan documents provide that after the date on which the administrator for LIBOR permanently or indefinitely ceases to provide all available settings of U.S. dollar LIBOR, any new advances under the 2021 variable funding notes that would otherwise have borne interest based on LIBOR, as well as any existing LIBOR advances for which the interest period has expired, will instead bear interest at a forward-looking term rate based on the Secured Overnight Financing Rate (“Term SOFR”), plus a spread adjustment. The loan documents also permit the lenders to affect a transition from LIBOR to Term SOFR at an earlier date, subject to certain conditions. The Company’s 2022 variable funding notes bear interest at fluctuating interest rates based on Term SOFR. ASU 2020-04, as updated by ASU 2022-06, may currently be adopted and may be applied prospectively to contract modifications made on or before December 31, 2024. The Company does not expect the adoption of this guidance to have a material impact on its condensed consolidated financial statements. ASU 2022-03, Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions In June 2022, the FASB issued ASU 2022-03, Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions (“ASU 2022-03”) , which clarifies and amends the guidance of measuring the fair value of equity securities subject to contractual sale restrictions. ASU 2022-03 also requires disclosure of the fair value of equity securities subject to contractual sale restrictions, the nature and remaining duration of the restrictions and the circumstances that could cause a lapse in the restrictions. The Company’s investment in DPC Dash (Note 5) is subject to contractual restrictions that prohibit the sale of the security for 360 days following its initial public offering. ASU 2022-03 is effective for fiscal years beginning after December 15, 2023, including applicable interim periods and early adoption is permitted. The Company will adopt this accounting standard in the second quarter of 2023 and does not expect the adoption of this guidance to have a material impact on its condensed consolidated financial statements.

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 26, 2023
Segment Reporting [Abstract]
Financial Information by Operating Segment	The following tables summarize revenues and earnings before interest, taxes, depreciation, amortization and other, which is the measure by which the Company allocates resources to its segments and which the Company refers to as Segment Income, for each of its reportable segments. Intersegment revenues are comprised of sales of food, equipment and supplies from the supply chain segment to the Company-owned stores in the U.S. stores segment. Intersegment sales prices are market based. The “Other” column as it relates to Segment Income below primarily includes corporate administrative costs that are not allocable to a reportable segment, including labor, computer expenses, professional fees, travel and entertainment, rent, insurance and other corporate administrative costs. Fiscal Quarters Ended March 26, 2023 and March 27, 2022 U.S. Supply International Intersegment Stores Chain Franchise Revenues Other Total Revenues 2023 $ 330,501 $ 650,124 $ 69,671 $ ( 25,898 ) $ — $ 1,024,398 2022 332,769 641,962 68,833 ( 32,415 ) — 1,011,149 Segment Income 2023 $ 112,683 $ 48,515 $ 58,139 N/A $ ( 15,722 ) $ 203,615 2022 97,292 46,349 55,046 N/A ( 7,710 ) 190,977
Reconciliation of Total Segment Income to Consolidated Income Before Provision for Income Taxes	The following table reconciles total Segment Income to consolidated income before provision for income taxes. Fiscal Quarter Ended March 26, March 27, 2023 2022 Total Segment Income $ 203,615 $ 190,977 Depreciation and amortization ( 18,170 ) ( 18,976 ) Refranchising loss ( 149 ) — Loss on sale/disposal of assets ( 275 ) ( 195 ) Non-cash equity-based compensation expense ( 7,538 ) ( 7,265 ) Income from operations 177,483 164,541 Interest income 2,391 49 Interest expense ( 46,547 ) ( 46,872 ) Income before provision for income taxes $ 133,327 $ 117,718

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 26, 2023
Earnings Per Share [Abstract]
Earnings Per Share	Fiscal Quarter Ended March 26, March 27, 2023 2022 Net income available to common stockholders - basic and diluted $ 104,770 $ 90,964 Basic weighted average number of shares 35,391,624 36,000,896 Earnings per share – basic $ 2.96 $ 2.53 Diluted weighted average number of shares 35,708,938 36,435,038 Earnings per share – diluted $ 2.93 $ 2.50
Schedule of Denominators Used in Calculating Earning Per Common Share	The denominators used in calculating diluted earnings per share for common stock for the fiscal quarters ended March 26, 2023 and March 27, 2022 do not include the following because the effect of including these shares would be anti-dilutive or because the performance targets for these awards had not yet been met: Fiscal Quarter Ended March 26, March 27, 2023 2022 Anti-dilutive shares underlying stock-based awards Stock options 231,459 74,152 Restricted stock awards and units 26,975 469 Performance condition not met Restricted stock awards and units 60,068 42,777

Stockholders' Deficit (Tables)

Stockholders' Deficit (Tables)	3 Months Ended
	Mar. 26, 2023
Federal Home Loan Banks [Abstract]
Changes in Stockholders' Deficit	The following table summarizes the changes in stockholders’ deficit for the first quarter of 2023. Accumulated Additional Other Common Stock Paid-in Retained Comprehensive Shares Amount Capital Deficit Loss Balance at January 1, 2023 35,419,718 $ 354 $ 9,693 $ ( 4,194,418 ) $ ( 4,694 ) Net income — — — 104,770 — Dividends declared on common stock and equivalents 1.21 per share) — — — ( 43,005 ) — Issuance and cancellation of stock awards, net 14,495 — — — — Tax payments for restricted stock upon vesting ( 5,073 ) — ( 1,553 ) — — Purchases of common stock ( 100,515 ) ( 1 ) ( 14,547 ) ( 15,802 ) — Exercise of stock options 1,508 — 343 — — Non-cash equity-based compensation expense — — 7,538 — — Currency translation adjustment — — — — ( 451 ) Balance at March 26, 2023 35,330,133 $ 353 $ 1,474 $ ( 4,148,455 ) $ ( 5,145 ) The following table summarizes the changes in stockholders’ deficit for the first quarter of 2022. Accumulated Additional Other Common Stock Paid-in Retained Comprehensive Shares Amount Capital Deficit Loss Balance at January 2, 2022 36,138,273 $ 361 $ 840 $ ( 4,207,917 ) $ ( 2,820 ) Net income — — — 90,964 — Dividends declared on common stock and equivalents 1.10 per share) — — — ( 39,765 ) — Issuance and cancellation of stock awards, net 340 — — — — Tax payments for restricted stock upon vesting ( 1,875 ) — ( 789 ) — — Purchases of common stock ( 100,810 ) ( 1 ) ( 4,037 ) ( 43,623 ) — Exercise of stock options 1,445 — 266 — — Non-cash equity-based compensation expense — — 7,265 — — Currency translation adjustment — — — — 614 Balance at March 27, 2022 36,037,373 $ 360 $ 3,545 $ ( 4,200,341 ) $ ( 2,206 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 26, 2023
Fair Value Disclosures [Abstract]
Carrying Amounts and Fair Values of Certain Assets	The following tables summarize the carrying amounts and fair values of certain assets at March 26, 2023 and January 1, 2023: At March 26, 2023 Fair Value Estimated Using Carrying Level 1 Level 2 Level 3 Amount Inputs Inputs Inputs Cash equivalents $ 112,975 $ 112,975 $ — $ — Restricted cash equivalents 122,896 122,896 — — Investments in marketable securities 14,622 14,622 — — Advertising fund cash equivalents, restricted 100,768 100,768 — — Investments 125,840 — — 125,840 At January 1, 2023 Fair Value Estimated Using Carrying Level 1 Level 2 Level 3 Amount Inputs Inputs Inputs Cash equivalents $ 23,779 $ 23,779 $ — $ — Restricted cash equivalents 117,212 117,212 — — Investments in marketable securities 13,395 13,395 — — Advertising fund cash equivalents, restricted 124,496 124,496 — — Investments 125,840 — — 125,840
Schedule of Estimated Fair Value	Management estimated the approximate fair values of the Company's 2015, 2017, 2018, 2019 and 2021 notes as follows: March 26, 2023 January 1, 2023 Principal Amount Fair Value Principal Amount Fair Value 2015 Ten-Year Notes $ 750,000 $ 730,500 $ 752,000 $ 717,408 2017 Ten-Year Notes 950,000 900,600 952,500 875,348 2018 7.5-Year Notes 406,938 393,102 408,000 385,968 2018 9.25-Year Notes 383,000 366,531 384,000 355,584 2019 Ten-Year Notes 654,750 588,620 656,438 564,536 2021 7.5-Year Notes 835,125 725,724 837,250 695,755 2021 Ten-Year Notes 982,500 828,248 985,000 792,925

Revenue Disclosures (Tables)

Revenue Disclosures (Tables)	3 Months Ended
	Mar. 26, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Contract Liabilities Consist of Deferred Franchise Fees and Deferred Development Fees	Changes in deferred franchise fees and deferred development fees for the first quarter of 2023 and the first quarter of 2022 were as follows: Fiscal Quarter Ended March 26, March 27, 2023 2022 Deferred franchise fees and deferred development fees, beginning of period $ 28,225 $ 29,694 Revenue recognized during the period ( 1,448 ) ( 1,420 ) New deferrals due to cash received and other 1,162 1,159 Deferred franchise fees and deferred development fees, end of period $ 27,939 $ 29,433

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 26, 2023
Leases [Abstract]
Components Of Operating And Finance Lease Cost	The components of operating and finance lease cost for the first quarter of 2023 and the first quarter of 2022 were as follows: Fiscal Quarter Ended March 26, March 27, 2023 2022 Operating lease cost $ 10,808 $ 10,275 Finance lease cost: Amortization of right-of-use assets 1,199 1,208 Interest on lease liabilities 983 1,104 Total finance lease cost $ 2,182 $ 2,312
Schedule of Supplemental Balance Sheet Information Related To Finance Leases	Supplemental balance sheet information related to the Company’s finance leases as of March 26, 2023 and January 1, 2023 was as follows: March 26, January 1, 2023 2023 Land and buildings $ 83,824 $ 83,902 Equipment 2,501 1,606 Finance lease assets 86,325 85,508 Accumulated depreciation and amortization ( 20,591 ) ( 19,405 ) Finance lease assets, net $ 65,734 $ 66,103 Current portion of long-term debt $ 3,728 $ 3,313 Long-term debt , less current portion 70,276 70,886 Total principal payable on finance leases $ 74,004 $ 74,199 As of March 26, 2023 and January 1, 2023, the weighted average remaining lease term and weighted average discount rate for the Company’s operating and finance leases were as follows: March 26, 2023 January 1, 2023 Operating Finance Operating Finance Leases Leases Leases Leases Weighted average remaining lease term 7 years 14 years 7 years 14 years Weighted average discount rate 4.0 % 6.1 % 3.9 % 6.0 %
Schedule Of Supplemental Cash Flow Information Related To Leases	Supplemental cash flow information related to leases for the first quarter of 2023 and the first quarter of 2022 were as follows: Fiscal Quarter Ended March 26, March 27, 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 10,320 $ 10,637 Operating cash flows from finance leases 983 1,104 Financing cash flows from finance leases 1,024 986 Right-of-use assets obtained in exchange for lease obligations: Operating leases 9,305 7,758 Finance leases 872 —
Schedule Of Maturities Of Operating And Finance Leases Liabilities	Maturities of lease liabilities as of March 26, 2023 were as follows: Operating Finance Leases Leases 2023 $ 35,586 $ 5,893 2024 43,630 8,232 2025 38,817 8,048 2026 37,110 8,733 2027 30,478 8,008 Thereafter 85,253 68,420 Total future minimum rental commitments 270,874 107,334 Less, amounts representing interest ( 39,834 ) ( 33,330 ) Total lease liabilities $ 231,040 $ 74,004

Segment Information - Financial

Segment Information - Financial Information by Operating Segment (Detail) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended
	Mar. 27, 2022	Mar. 26, 2023	Mar. 27, 2022
Segment Reporting Information [Line Items]
Revenues		$ 1,024,398	$ 1,011,149
Segment Income	$ 190,977	203,615	190,977
Operating Segments [Member] | U.S. Stores [Member]
Segment Reporting Information [Line Items]
Revenues		330,501	332,769
Segment Income		112,683	97,292
Operating Segments [Member] | Supply Chain [Member]
Segment Reporting Information [Line Items]
Revenues		650,124	641,962
Segment Income		48,515	46,349
Operating Segments [Member] | International Franchise [Member]
Segment Reporting Information [Line Items]
Revenues		69,671	68,833
Segment Income		58,139	55,046
Intersegment Revenues [Member]
Segment Reporting Information [Line Items]
Revenues		(25,898)	(32,415)
Segment Reconciling [Member]
Segment Reporting Information [Line Items]
Segment Income		$ (15,722)	$ (7,710)

Segment Information (Additional

Segment Information (Additional Information) (Details) $ in Millions	3 Months Ended
	Mar. 26, 2023 USD ($)
U S Stores [Member]
Segment Reporting Information [Line Items]
Increase Decrease in Segment Income	$ 10.1
International Franchise [Member]
Segment Reporting Information [Line Items]
Increase Decrease in Segment Income	2
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Increase Decrease in Segment Income	$ 12.1

Segment Information - Reconcili

Segment Information - Reconciliation of Total Segment Income to Consolidated Income Before Provision for Income Taxes (Detail) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended
	Mar. 27, 2022	Mar. 26, 2023	Mar. 27, 2022
Segment Reconciliation [Abstract]
Total Segment Income	$ 190,977	$ 203,615	$ 190,977
Depreciation and amortization	(18,976)	(18,170)	(18,976)
Refranchising loss		(149)	0
Loss on sale/disposal of assets	(195)	(275)	(195)
Non-cash equity-based compensation expense	7,265	(7,538)	(7,265)
Income from operations	164,541	177,483	164,541
Interest income	49	2,391	49
Interest expense	(46,872)	(46,547)	(46,872)
Income before provision for income taxes	$ 117,718	$ 133,327	$ 117,718

Earnings Per Share - Summary of

Earnings Per Share - Summary of Computation of Basic and Diluted Earning per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 26, 2023	Mar. 27, 2022
Earnings Per Share [Abstract]
Net income available to common stockholders - basic and diluted	$ 104,770	$ 90,964
Basic weighted average number of shares	35,391,624	36,000,896
Earnings per share – basic	$ 2.96	$ 2.53
Diluted weighted average number of shares	35,708,938	36,435,038
Earnings Per Share - Diluted	$ 2.93	$ 2.50

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Denominators Used in Calculating Earning Per Common Share (Detail) - shares	3 Months Ended
	Mar. 26, 2023	Mar. 27, 2022
Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive Securities Excluded from Computation of Earnings Per Share	231,459	74,152
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive Securities Excluded from Computation of Earnings Per Share	26,975	469
Restricted Performance Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Securities excluded from computation of earnings per share, amount unvested	60,068	42,777

Stockholders' Deficit - Additio

Stockholders' Deficit - Additional Information (Detail) - $ / shares		3 Months Ended
	Apr. 25, 2023	Mar. 26, 2023	Mar. 27, 2022
Dividends declared per share		$ 1.21	$ 1.10
Subsequent Event [Member]
Dividends declared per share	$ 1.21
Record date of dividend	Jun. 15, 2023
Dividend declared date	Apr. 25, 2023
Dividend payable date	Jun. 30, 2023

Stockholders' Deficit (Detail)

Stockholders' Deficit (Detail) - USD ($) $ in Thousands		3 Months Ended
		Mar. 26, 2023	Mar. 27, 2022
Stockholders' Deficit [Line Items]
Balance	[1]	$ (4,189,065)
Net income		104,770	$ 90,964
Balance		$ (4,151,773)
Common Stock [Member]
Stockholders' Deficit [Line Items]
Balance (in shares)		35,419,718	36,138,273
Balance		$ 354	$ 361
Issuance and cancellation of stock awards, net (in shares)		14,495	340
Tax payments for restricted stock upon vesting, (in shares)		(5,073)	(1,875)
Purchases of common stock, (in shares)		(100,515)	(100,810)
Purchases of common stock		$ (1)	$ (1)
Exercises of stock options, (in shares)		1,508	1,445
Balance (in shares)		35,330,133	36,037,373
Balance		$ 353	$ 360
Additional Paid-in Capital [Member]
Stockholders' Deficit [Line Items]
Balance		9,693	840
Tax payments for restricted stock upon vesting		(1,553)	(789)
Purchases of common stock		(14,547)	(4,037)
Exercises of stock options		343	266
Non-cash equity-based compensation expense		7,538	7,265
Balance		1,474	3,545
Retained Deficit [Member]
Stockholders' Deficit [Line Items]
Balance		(4,194,418)	(4,207,917)
Net income		104,770	90,964
Dividends declared on common stock and equivalents		(43,005)	(39,765)
Purchases of common stock		(15,802)	(43,623)
Balance		(4,148,455)	(4,200,341)
Accumulated Other Comprehensive Income (Loss) [Member]
Stockholders' Deficit [Line Items]
Balance		(4,694)	(2,820)
Currency translation adjustment		(451)	614
Balance		$ (5,145)	$ (2,206)
[1] The condensed consolidated balance sheet at January 1, 2023 has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements.

Stockholders' Deficit (Parenthe

Stockholders' Deficit (Parenthetical) (Detail) - $ / shares	3 Months Ended
	Mar. 26, 2023	Mar. 27, 2022
Dividends declared per share	$ 1.21	$ 1.10

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - Dash Brands Ltd [Member] - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 28, 2023	Mar. 26, 2023	Mar. 27, 2022
Investments at carrying value		$ 125.8	$ 125.8
Subsequent Event [Member]
initial public offering, per share	$ 46
senior ordinary shares into ordinary shares	18,101,019

Carrying Amounts and Fair Value

Carrying Amounts and Fair Values of Certain Assets (Detail) - USD ($) $ in Thousands	Mar. 26, 2023	Jan. 01, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents, carrying amount	$ 112,975	$ 23,779
Restricted cash equivalents, carrying amount	122,896	117,212
Investments in marketable securities, carrying amount	14,622	13,395
Advertising fund cash equivalents, restricted, carrying amount	100,768	124,496
Investments	125,840	125,840
Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents, carrying amount	112,975	23,779
Restricted cash equivalents, carrying amount	122,896	117,212
Investments in marketable securities, carrying amount	14,622	13,395
Advertising fund cash equivalents, restricted, fair value	100,768	124,496
Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments	$ 125,840	$ 125,840

Schedule of Estimated Fair Valu

Schedule of Estimated Fair Value (Detail) - USD ($) $ in Thousands	Mar. 26, 2023	Jan. 01, 2023
2015 Ten-Year Notes [Member]
Debt Instrument [Line Items]
Principal Amount	$ 750,000	$ 752,000
Fair Value	730,500	717,408
2017 Ten-Year Notes [Member]
Debt Instrument [Line Items]
Principal Amount	950,000	952,500
Fair Value	900,600	875,348
2018 7.5-Year Notes [Member]
Debt Instrument [Line Items]
Principal Amount	406,938	408,000
Fair Value	393,102	385,968
2018 9.25-Year Notes [Member]
Debt Instrument [Line Items]
Principal Amount	383,000	384,000
Fair Value	366,531	355,584
2019 Ten-Year Notes [Member]
Debt Instrument [Line Items]
Principal Amount	654,750	656,438
Fair Value	588,620	564,536
2021 7.5-Year Notes [Member]
Debt Instrument [Line Items]
Principal Amount	835,125	837,250
Fair Value	725,724	695,755
2021 Ten-Year Notes [Member]
Debt Instrument [Line Items]
Principal Amount	982,500	985,000
Fair Value	$ 828,248	$ 792,925

Revenue Disclosures - Additiona

Revenue Disclosures - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	Mar. 27, 2023	Mar. 26, 2023	Jan. 01, 2023
Contract liability, Current		$ 5,600	$ 5,500
Contract liability, Noncurrent		22,300	22,700
Advertising fund assets, restricted		139,926	162,660	[1]
Subsequent Event [Member]
Temporary reduction	0.25%
Advertising contribution	6%
Subsequent Event [Member] | Maximum [Member]
Digital Per Transaction Technology Fees	$ 0.395
Subsequent Event [Member] | Minimum [Member]
Digital Per Transaction Technology Fees	$ 0.08
U S Stores [Member] | Domestic Franchise [Member] | Cash, cash equivalents and investments [Member]
Advertising fund assets, restricted		119,800	143,600
U S Stores [Member] | Domestic Franchise [Member] | Accounts receivable [Member]
Advertising fund assets, restricted		13,200	13,100
U S Stores [Member] | Domestic Franchise [Member] | Prepaid expenses [Member]
Advertising fund assets, restricted		6,900	6,000
U S Stores [Member] | U.S. Company-owned stores [Member] | Cash, cash equivalents and investments [Member]
Cash contributed from Company-owned stores		$ 3,300	$ 4,800
[1] The condensed consolidated balance sheet at January 1, 2023 has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements.

Revenue Disclosures - Schedule

Revenue Disclosures - Schedule of Contract Liabilities Consist of Deferred Franchise Fees and Deferred Development Fees (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 26, 2023	Mar. 27, 2022
Revenue from Contract with Customer [Abstract]
Deferred franchise fees and deferred development fees at beginning of period	$ 28,225	$ 29,694
Revenue recognized during the period	(1,448)	(1,420)
New deferrals due to cash received and other	1,162	1,159
Deferred franchise fees and deferred development fees at end of period	$ 27,939	$ 29,433

Components of Operating and Fin

Components of Operating and Finance Lease Cost (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 26, 2023	Mar. 27, 2022
Operating lease cost	$ 10,808	$ 10,275
Finance lease cost:
Amortization of right-of-use assets	1,199	1,208
Interest on lease liabilities	983	1,104
Total finance lease cost	$ 2,182	$ 2,312

Supplemental balance sheet info

Supplemental balance sheet information related to the Company's leases (Detail) - USD ($) $ in Thousands	Mar. 26, 2023	Jan. 01, 2023
Land and buildings	$ 83,824	$ 83,902
Equipment	2,501	1,606
Finance lease assets	86,325	85,508
Accumulated depreciation and amortization	(20,591)	(19,405)
Finance lease assets, net	65,734	66,103
Current portion of long-term debt	$ 3,728	$ 3,313
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Long-Term Debt and Lease Obligation, Current	Long-Term Debt and Lease Obligation, Current
Long-term debt, less current portion	$ 70,276	$ 70,886
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Long-Term Debt and Lease Obligation	Long-Term Debt and Lease Obligation
Total principal payable on finance leases	$ 74,004	$ 74,199
Finance Lease, Weighted Average Remaining Lease Term	14 years	14 years
Finance Lease, Weighted Average Discount Rate, Percent	6.10%	6%
Operating Lease, Weighted Average Remaining Lease Term	7 years	7 years
Operating Lease, Weighted Average Discount Rate, Percent	4%	3.90%

Supplemental Cash Flow Informat

Supplemental Cash Flow Information Related To Leases (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 26, 2023	Mar. 27, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 10,320	$ 10,637
Operating cash flows from finance leases	983	1,104
Financing cash flows from finance leases	1,024	986
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	9,305	7,758
Finance leases	$ 872	$ 0

Maturities of Lease Liabilities

Maturities of Lease Liabilities (Detail) - USD ($) $ in Thousands	Mar. 26, 2023	Jan. 01, 2023
Leases [Abstract]
2023	$ 35,586
2024	43,630
2025	38,817
2026	37,110
2027	30,478
Thereafter	85,253
Total future minimum rental commitments	270,874
Less – amounts representing interest	(39,834)
Total lease liabilities	231,040
2023	5,893
2024	8,232
2025	8,048
2026	8,733
2027	8,008
Thereafter	68,420
Total future minimum rental commitments	107,334
Less – amounts representing interest	(33,330)
Total principal payable on finance leases	$ 74,004	$ 74,199

Leases - Additional Information

Leases - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 26, 2023	Mar. 27, 2022	Jan. 01, 2023
Rent Expense	$ 19.3	$ 18.9
Finance Lease	1.4	$ 2.2
Lessee, operating lease, lease not yet commenced, future minimum rental commitments	40.9
Potential future payments	$ 23.3		$ 24.5
Operating Lease [Member]
Lease Term	11 years

Supplemental Disclosures of C_2

Supplemental Disclosures of Cash Flow Information - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 26, 2023	Jan. 01, 2023
Schedule of Cash Flow, Supplemental [Line Items]
Capital expenditure accrual	$ 6.9	$ 6.9
Accruals for Excise Taxes, Non-cash financing activity	$ 0.3

Company-owned Store Transacti_2

Company-owned Store Transactions - Additional Information (Detail) - US Franchisee [Member] $ in Millions	3 Months Ended
	Mar. 26, 2023 USD ($)
Business Acquisition [Line Items]
Receipts from sale of franchisees	$ 0.1
Reduction of goodwill related to sale of stores	$ 0.1