Domino's Pizza (DPZ) 10-Q 22 Jul 21 2021 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 20, 2021	Jul. 15, 2021
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	Q2
Document Fiscal Year Focus	2021
Document Period End Date	Jun. 20, 2021
Entity Registrant Name	DOMINOS PIZZA INC
Entity File Number	001-32242
Current Fiscal Year End Date	--01-02
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		36,854,211

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 20, 2021	Jan. 03, 2021	[1]
Current assets:
Cash and cash equivalents	$ 292,095	$ 168,821
Restricted cash and cash equivalents	184,695	217,453
Accounts receivable, net	235,954	244,560
Inventories	59,182	66,683
Prepaid expenses and other	43,785	24,169
Advertising fund assets, restricted	165,139	147,698
Total current assets	980,850	869,384
Property, plant and equipment:
Land and buildings	93,801	88,063
Leasehold and other improvements	189,094	186,456
Equipment	305,491	292,456
Construction in progress	9,650	13,014
Property, plant and equipment, Gross	598,036	579,989
Accumulated depreciation and amortization	(302,504)	(282,625)
Property, plant and equipment, net	295,532	297,364
Other assets:
Operating lease right-of-use assets	220,845	228,268
Goodwill	15,034	15,061
Capitalized software, net	88,733	81,306
Investments	82,500	40,000
Other assets	36,636	33,881
Deferred income taxes	1,663	1,904
Total other assets	445,411	400,420
Total assets	1,721,793	1,567,168
Current liabilities:
Current portion of long-term debt	54,769	2,855
Accounts payable	104,515	94,499
Operating lease liabilities	36,542	35,861
Insurance reserves	27,463	26,377
Dividends payable	35,452	729
Advertising fund liabilities	157,513	141,175
Other accrued liabilities	138,100	169,323
Total current liabilities	554,354	470,819
Long-term liabilities:
Long-term debt, less current portion	5,026,765	4,116,018
Operating lease liabilities	195,926	202,268
Insurance reserves	40,895	37,125
Other accrued liabilities	35,996	35,244
Deferred income taxes	8,427	6,099
Total long-term liabilities	5,308,009	4,396,754
Stockholders' deficit
Common stock	369	389
Additional paid-in capital	7,771	5,122
Retained deficit	(4,146,702)	(3,303,492)
Accumulated other comprehensive loss	(2,008)	(2,424)
Total stockholders' deficit	(4,140,570)	(3,300,405)
Total liabilities and stockholders' deficit	$ 1,721,793	$ 1,567,168
[1]	The balance sheet at January 3, 2021 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		6 Months Ended
	Jun. 20, 2021	Jun. 14, 2020	Jun. 20, 2021	Jun. 14, 2020
Revenues:
Revenue	$ 1,032,472	$ 920,023	$ 2,016,170	$ 1,793,125
Cost of sales:
Cost of sales	624,782	562,932	1,219,329	1,095,877
Operating margin	407,690	357,091	796,841	697,248
General and administrative	100,448	88,068	191,701	176,557
U.S. franchise advertising	116,340	105,440	227,700	201,274
Income from operations	190,902	163,583	377,440	319,417
Other Income			2,500
Interest income	68	640	90	1,572
Interest expense	(45,877)	(39,727)	(85,299)	(79,197)
Income before provision for income taxes	145,093	124,496	294,731	241,792
Provision for income taxes	28,474	5,828	60,351	1,522
Net income	$ 116,619	$ 118,668	$ 234,380	$ 240,270
Earnings per share:
Common stock - basic	$ 3.10	$ 3.04	$ 6.14	$ 6.18
Common stock - diluted	$ 3.06	$ 2.99	$ 6.06	$ 6.05
U.S. Stores [Member] | U.S. Company-owned stores [Member]
Revenues:
Revenue	$ 116,589	$ 114,240	$ 229,333	$ 216,566
Cost of sales:
Cost of sales	88,019	87,831	173,761	167,219
U.S. Stores [Member] | U.S. franchise royalties and fees [Member]
Revenues:
Revenue	126,836	113,098	251,322	217,844
U.S. Stores [Member] | U.S. franchise advertising [Member]
Revenues:
Revenue	116,340	105,440	227,700	201,274
Supply Chain [Member]
Revenues:
Revenue	602,962	539,141	1,171,300	1,051,841
Cost of sales:
Cost of sales	536,763	475,101	1,045,568	928,658
International Franchise [Member] | International franchise royalties and fees [Member]
Revenues:
Revenue	$ 69,745	$ 48,104	$ 136,515	$ 105,600

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 20, 2021	Jun. 14, 2020	Jun. 20, 2021	Jun. 14, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 116,619	$ 118,668	$ 234,380	$ 240,270
Currency translation adjustment	230	1,533	416	(793)
Comprehensive income	$ 116,849	$ 120,201	$ 234,796	$ 239,477

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 20, 2021	Jun. 14, 2020	Jun. 20, 2021		Jun. 14, 2020
Cash flows from operating activities:
Net income	$ 116,619	$ 118,668	$ 234,380		$ 240,270
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	17,176	14,757	33,641		28,789
Loss on sale/disposal of assets	295	238	456		544
Amortization of debt issuance costs			4,438		2,575
Provision for deferred income taxes			2,561		1,510
Non-cash equity-based compensation expense	8,296	5,115	13,500		10,029
Excess tax benefits from equity-based compensation			(4,264)		(53,440)
Provision for losses on accounts and notes receivable			296		1,592
Changes in operating assets and liabilities			(17,098)		(19,421)
Changes in advertising fund assets and liabilities, restricted			30,005		(620)
Unrealized Gain (Loss) on Investments			(2,500)
Net cash provided by operating activities			295,415		211,828
Cash flows from investing activities:
Capital expenditures			(33,163)		(33,732)
Purchase of investments (Note 6)			(40,000)		(40,000)
Other			293		(479)
Net cash used in investing activities			(72,870)		(74,211)
Cash flows from financing activities:
Proceeds from issuance of long-term debt			1,850,000		158,000
Repayments of long-term debt and finance lease obligations			(882,547)		(122,040)
Proceeds from exercise of stock options			9,025		24,801
Purchases of common stock			(1,025,000)		(79,590)
Tax payments for restricted stock upon vesting			(1,087)		(1,827)
Payments of common stock dividends and equivalents			(36,432)		(30,266)
Cash paid for financing costs			(14,938)
Other			(244)
Net cash used in financing activities			(101,223)		(50,922)
Effect of exchange rate changes on cash			302		(253)
Change in cash and cash equivalents, restricted cash and cash equivalents			121,624		86,442
Cash and cash equivalents, beginning of period			168,821	[1]	190,615
Restricted cash and cash equivalents, beginning of period			217,453	[1]	209,269
Cash and cash equivalents included in advertising fund assets, restricted, beginning of period			115,872		84,040
Cash and cash equivalents, restricted cash and cash equivalents and cash and cash equivalents included in advertising fund assets, restricted, beginning of period			502,146		483,924
Cash and cash equivalents, end of period	292,095	247,952	292,095		247,952
Restricted cash and cash equivalents, end of period	184,695	238,233	184,695		238,233
Cash and cash equivalents included in advertising fund assets, restricted, end of period	146,980	84,181	146,980		84,181
Cash and cash equivalents, restricted cash and cash equivalents and cash and cash equivalents included in advertising fund assets, restricted, end of period	$ 623,770	$ 570,366	$ 623,770		$ 570,366
[1]	The balance sheet at January 3, 2021 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 and Updat

Basis of Presentation and Updates to Significant Accounting Policies	6 Months Ended
	Jun. 20, 2021
Accounting Policies [Abstract]
Basis of Presentation and Updates to Significant Accounting Policies	1. Basis of Presentation and Updates to Significant Accounting Policies 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 10-01 S-X. 10-K, 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 June 20, 2021 are not necessarily indicative of the results that may be expected for the fiscal year ending January 2, 2022.

Segment Information

Segment Information	6 Months Ended
	Jun. 20, 2021
Segment Reporting [Abstract]
Segment Information	2. Segment Information The following table summarizes 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. Fiscal Quarters Ended June 20, 2021 and June 14, 2020 U.S. Stores Supply Chain International Franchise Intersegment Revenues Other Total Revenues 2021 $ 359,765 $ 635,592 $ 69,745 $ (32,630 ) $ — $ 1,032,472 2020 332,778 570,104 48,104 (30,963 ) — 920,023 Segment Income 2021 $ 111,847 $ 58,593 $ 56,365 N/A $ (9,627 ) $ 217,178 2020 102,934 56,904 36,410 N/A (12,555 ) 183,693 Two Fiscal Quarters Ended June 20, 2021 and June 14, 2020 U.S. Stores Supply Chain International Franchise Intersegment Revenues Other Total Revenues 2021 $ 708,355 $ 1,234,769 $ 136,515 $ (63,469 ) $ — $ 2,016,170 2020 635,684 1,111,743 105,600 (59,902 ) — 1,793,125 Segment Income 2021 $ 219,283 $ 111,145 $ 110,833 N/A $ (15,715 ) $ 425,546 2020 191,211 108,341 79,914 N/A (20,687 ) 358,779 The following table reconciles Total Segment Income to consolidated income before provision for income taxes. Fiscal Quarter Ended Two Fiscal Quarters Ended June 20, 2021 June 14, 2020 June 20, 2021 June 14 202 0 Total Segment Income $ 217,178 $ 183,693 $ 425,546 $ 358,779 Depreciation and amortization (17,176 ) (14,757 ) (33,641 ) (28,789 ) Loss on sale/disposal of assets (295 ) (238 ) (456 ) (544 ) Non-cash (8,296 ) (5,115 ) (13,500 ) (10,029 ) Recapitalization-related expenses (509 ) — (509 ) — Income from operations 190,902 163,583 377,440 319,417 Other income — — 2,500 — Interest income 68 640 90 1,572 Interest expense (45,877 ) (39,727 ) (85,299 ) (79,197 ) Income before provision for income taxes $ 145,093 $ 124,496 $ 294,731 $ 241,792

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 20, 2021
Earnings Per Share [Abstract]
Earnings Per Share	3. Earnings Per Share Fiscal Quarter Ended Two Fiscal Quarters Ended June 20, 2021 June 14, 2020 June 20, 2021 June 14, 2020 Net income available to common stockholders - basic and diluted $ 116,619 $ 118,668 $ 234,380 $ 240,270 Basic weighted average number of shares 37,590,369 39,058,292 38,145,297 38,862,108 Earnings per share – basic $ 3.10 $ 3.04 $ 6.14 $ 6.18 Diluted weighted average number of shares 38,122,515 39,746,479 38,665,325 39,688,663 Earnings per share – diluted $ 3.06 $ 2.99 $ 6.06 $ 6.05 The denominator used in calculating diluted earnings per share for the second quarter of 2021 did not include 84,955 92,689 options to purchase common stock , The denominators used in calculating diluted earnings per share for the second quarter and two fiscal quarters of 2021 each did not include restricted performance shares, as the performance targets for these awards had not yet been met. The denominator used in calculating diluted earnings per share for the two fiscal quarters of 2020 did not include 263 options to purchase common stock and 1,760 restricted stock awards, as the effect of including these options and awards would have been anti-dilutive. The denominators used in calculating diluted earnings per share for the second quarter and two fiscal quarters of 2020 each did not include 90,472 restricted performance shares, as the performance targets for these awards had not yet been met.

Stockholders' Deficit

Stockholders' Deficit	6 Months Ended
	Jun. 20, 2021
Federal Home Loan Banks [Abstract]
Stockholders' Deficit	4. Stockholders’ Deficit The following table summarizes changes in stockholders’ deficit for the second quarter of 2021. Common Stock Additional Paid-in Capital Retained Deficit Accumulated Other Comprehensive Loss Shares Amount Balance at March 28, 2021 38,818,197 $ 388 $ 6,612 $ (3,240,842 ) $ (2,238 ) Net income — — — 116,619 — Dividends declared on common stock and equivalents ($0.94 per share) — — — (34,680 ) — Issuance and cancellation of stock awards, net 837 — — — — Tax payments for restricted stock upon vesting (110 ) — (43 ) — — Purchases of common stock (2,012,596 ) (20 ) (12,181 ) (987,799 ) — Exercise of stock options 47,243 1 5,331 — — Non-cash — — 8,296 — — Other — — (244 ) — — Currency translation adjustment — — — — 230 Balance at June 20, 2021 36,853,571 $ 369 $ 7,771 $ (4,146,702 ) $ (2,008 ) The following table summarizes changes in stockholders’ deficit for the two fiscal quarters of 2021. Accumulated Common Stock Additional Other Paid-in Retained Comprehensive Shares Amount Capital Deficit Loss Balance at January 3, 2021 38,868,350 $ 389 $ 5,122 $ (3,303,492 ) $ (2,424 ) Net income — — — 234,380 — Dividends declared on common stock and equivalents ($1.88 per share) — — — (71,155 ) — Issuance and cancellation of stock awards, net (1,918 ) — — — — Tax payments for restricted stock upon vesting (2,901 ) — (1,087 ) — — Purchases of common stock (2,078,466 ) (21 ) (18,544 ) (1,006,435 ) — Exercise of stock options 68,506 1 9,024 — — Non-cash — — 13,500 — — Other — — (244 ) — — Currency translation adjustment — — — — 416 Balance at June 20, 2021 36,853,571 $ 369 $ 7,771 $ (4,146,702 ) $ (2,008 ) On April 30, 2021, the Company entered into a $1.0 billion accelerated share repurchase agreement (the “ASR Agreement”) with a counterparty. Refer to Note 5 for additional information related to this transaction. Subsequent to the end of the second quarter, program, which was fully utilized in connection with the ASR Agreement. Also on , the Company’s Board of Directors declared a $ per share quarterly dividend on its outstanding common stock for shareholders of record as of , to be paid on . The following table summarizes changes in stockholders’ deficit for the second quarter of 2020. Accumulated Common Stock Additional Other Paid-in Retained Comprehensive Shares Amount Capital Deficit Loss Balance at March 22, 2020 39,039,599 $ 390 $ 12,474 $ (3,398,986 ) $ (6,068 ) Net income — — — 118,668 — Dividends declared on common stock and equivalents ($0.78 per share) — — — (30,697 ) — Issuance and cancellation of stock awards, net 4,068 — — — — Tax payments for restricted stock upon vesting (91 ) — (31 ) — — Exercise of stock options 303,637 3 14,693 — — Non-cash — — 5,115 — — Currency translation adjustment — — — — 1,533 Balance at June 14, 2020 39,347,213 $ 393 $ 32,251 $ (3,311,015 ) $ (4,535 ) The following table summarizes changes in stockholders’ deficit for the two fiscal quarters of 2020. Accumulated Common Stock Additional Other Paid-in Retained Comprehensive Shares Amount Capital Deficit Loss Balance at December 29, 2019 38,934,009 $ 389 $ 243 $ (3,412,649 ) $ (3,742 ) Net income — — — 240,270 — Dividends declared on common stock and equivalents ($1.56 per share) — — — (61,139 ) — Issuance and cancellation of stock awards, net 5,713 — — — — Tax payments for restricted stock upon vesting (6,020 ) — (1,827 ) — — Purchases of common stock (271,064 ) (3 ) (988 ) (78,599 ) — Exercise of stock options 684,575 7 24,794 — — Non-cash — — 10,029 — — Adoption of credit losses standard — — — 1,102 — Currency translation adjustment — — — — (793 ) Balance at June 14, 2020 39,347,213 $ 393 $ 32,251 $ (3,311,015 ) $ (4,535 )

Recapitalization

Recapitalization	6 Months Ended
	Jun. 20, 2021
Debt Disclosure [Abstract]
Recapitalization	5. Recapitalization On April 16, 2021 (the “closing date”), the Company completed a recapitalization transaction (the “2021 Recapitalization”) 2021-1 Class A-2-I A-2-I 2021-1 Class A-2-II A-2-I Concurrently, certain of the Company’s subsidiaries also issued a new variable funding note facility which allows for advances of up to $200.0 million of Series 2021-1 Class A-1 A portion of proceeds from the 2021 Recapitalization was used to repay the remaining $291.0 million in outstanding principal under the Company’s 2017 five-year floating rate notes and $582.0 million in outstanding principal under the Company’s 2017 five-year fixed rate notes, prefund a portion of the interest payable on the 2021 Notes and pay transaction fees and expenses. In connection with the repayment of the 2017 five-year floating rate notes and 2017 five-year fixed rate notes, the Company expensed approximately $2.0 million for the remaining unamortized debt issuance costs associated with these notes. Additionally, in connection with the 2021 Recapitalization, the Company capitalized $14.9 million of debt issuance costs, which are being amortized into interest expense over the 7.5 and 10-year As of the fourth quarter of 2020, the Company had a leverage ratio of less than 5.0x, and accordingly, did not make the previously scheduled debt amortization payment for its then-outstanding On April 30, 2021, the Company entered into the . shares of its common stock. Final settlement of the ASR Agreement occurred on July 21, 2021. In connection with the ASR Agreement, the Company received and retired a total of 2,250,786 shares of its common stock at an average price of

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 20, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	6. 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 June 20, 2021 and January 3, 2021: At June 20, 2021 Fair Value Estimated Using Carrying Level 1 Level 2 Level 3 Amount Inputs Inputs Inputs Cash equivalents $ 261,183 $ 261,183 $ — $ — Restricted cash equivalents 117,783 117,783 — — Investments in marketable securities 14,195 14,195 — — Advertising fund cash equivalents, restricted 129,810 129,810 — — Investments 82,500 — — 82,500 At January 3, 2021 Fair Value Estimated Using Carrying Level 1 Level 2 Level 3 Amount Inputs Inputs Inputs Cash equivalents $ 151,502 $ 151,502 $ — $ — Restricted cash equivalents 126,595 126,595 — — Investments in marketable securities 13,251 13,251 — — Advertising fund cash equivalents, restricted 104,197 104,197 — — Investments 40,000 — — 40,000 During the second quarter of 2020, a subsidiary of the Company acquired a non-controlling in-substance In the first quarter of 2021, the Company invested an additional $40.0 million in Dash Brands based on Dash Brands’ achievement of certain pre-established performance conditions. In the first quarter of 2021, the Company recorded a positive adjustment of The following table summarizes the reconciliation of the carrying amount of the Company’s investment in Dash Brands from the opening balance at January 3, 2021 to the closing balance at June 20, 2021. Two Fiscal Quarters of 2021 Carrying Carrying January 3, Unrealized June 20, 2021 Purchases Gain 2021 Investments $ 40,000 $ 40,000 $ 2,500 $ 82,500 Fair Value of Debt The estimated fair values of the Company’s fixed and floating 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 and floating 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 2015 fixed rate notes, the 2017 fixed and floating rate notes, the 2018 fixed rate notes, the 2019 fixed rate notes and the 2021 fixed rate notes as follows: June 20, 2021 January 3, 2021 Principal Amount Fair Value Principal Amount Fair Value 2015 Ten-Year $ 764,000 $ 802,200 $ 766,000 $ 809,662 2017 Five-Year Fixed Rate Notes — — 582,000 582,582 2017 Ten-Year 967,500 1,032,323 970,000 1,035,960 2017 Five-Year Floating Rate Notes — — 291,000 291,000 2018 7.5-Year 414,375 433,022 415,438 437,456 2018 9.25-Year 390,000 422,370 391,000 422,280 2019 Ten-Year 666,563 715,222 668,250 712,355 2021 7.5-Year 850,000 872,950 — — 2021 Ten-Year 1,000,000 1,042,000 — — The Company’s variable funding notes are a variable rate loan, and the fair value of this loan approximates book value based on the borrowing rates currently available for variable rate loans obtained from third party lending institutions. This fair value represents a Level 2 measurement. The Company did not have any outstanding borrowings under its variable funding notes at June 20, 2021 or January 3, 2021.

Revenue Disclosures

Revenue Disclosures	6 Months Ended
	Jun. 20, 2021
Revenue from Contract with Customer [Abstract]
Revenue Disclosures	7. Revenue Disclosures Contract Liabilities Contract liabilities primarily consist of deferred franchise fees and deferred development fees. Changes in deferred franchise fees and deferred development fees for the two fiscal quarters of 2021 and the two fiscal quarters of 2020 were as follows: Two Fiscal Quarters Ended June 20, June 14, 2021 2020 Deferred franchise fees and deferred development fees at beginning of period $ 19,090 $ 20,463 Revenue recognized during the period (2,691 ) (2,793 ) New deferrals due to cash received and other 3,805 3,092 Deferred franchise fees and deferred development fees at end of period $ 20,204 $ 20,762 Advertising Fund Assets As of June 20, 2021, advertising fund assets, restricted of $165.1 million consisted of $147.0 million of cash and cash equivalents, $16.2 million of accounts receivable and $1.9 million of prepaid expenses. As of June 20, 2021, advertising fund cash and cash equivalents included $7.6 million of cash contributed from U.S. Company-owned stores that had not yet been expended. As of January 3, 2021, advertising fund assets, restricted of $147.7 million consisted of $115.9 million of cash and cash equivalents, $27.0 million of accounts receivable and $4.8 million of prepaid expenses. As of January 3, 2021, advertising fund cash and cash equivalents included $6.5 million of cash contributed from U.S. Company-owned stores that had not yet been expended.

Leases

Leases	6 Months Ended
	Jun. 20, 2021
Leases [Abstract]
Leases	8. Leases The Company leases certain retail store and supply chain center locations, supply chain vehicles, equipment and its corporate headquarters with expiration dates through 2041. The components of operating and finance lease cost for the second quarter and two fiscal quarters of 2021 and the second quarter and two fiscal quarters of 2020 were as follows: Fiscal Quarter Ended Two Fiscal Quarters Ended June 20, 2021 June 14, 2020 June 20, 2021 June 14, 2020 Operating lease cost $ 10,326 $ 10,250 $ 20,750 $ 19,832 Finance lease cost: Amortization of right-of-use 1,003 451 1,922 700 Interest on lease liabilities 722 897 1,748 1,272 Total finance lease cost $ 1,725 $ 1,348 $ 3,670 $ 1,972 Rent expense totaled $17.9 million and $ non-lease Supplemental balance sheet information related to the Company’s finance leases as of June 20, 2021 and January 3, 2021 was as follows: June 20, 2021 January 3, 2021 Land and buildings $ 73,822 $ 68,084 Accumulated depreciation and amortization (11,979 ) (10,049 ) Finance lease assets, net $ 61,843 $ 58,035 Current portion of long-term debt $ 3,269 $ 2,855 Long-term debt, less current portion 61,697 57,700 Total principal payable on finance leases $ 64,966 $ 60,555 As of June 20, 2021 and January 3, 2021, the weighted average remaining lease term and weighted average discount rate for the Company’s operating and finance leases were as follows: June 20, 2021 January 3, 2021 Operating Leases Finance Leases Operating Leases Finance Leases Weighted average remaining lease term 7 years 15 years 7 years 16 years Weighted average discount rate 3.7 % 6.5 % 3.7 % 6.8 % Supplemental cash flow information related to leases for the second quarter and two fiscal quarters of 2021 and the second quarter and two fiscal quarters of 2020 were as follows: Fiscal Quarter Ended Two Fiscal Quarters Ended June 20, 2021 June 14, 2020 June 20, 2021 June 14, 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 9,105 $ 10,048 $ 19,292 $ 20,167 Operating cash flows from finance leases 722 897 1,748 1,272 Financing cash flows from finance leases 593 691 1,297 1,040 Right-of-use Operating leases 6,681 6,596 11,353 15,578 Finance leases 5,261 18,746 5,660 18,746 Maturities of lease liabilities as of June 20, 2021 were as follows: Operating Leases Finance Leases 2021 $ 26,194 $ 3,996 2022 43,813 7,202 2023 38,220 6,722 2024 36,928 7,181 2025 30,470 6,983 Thereafter 89,142 74,290 Total future minimum rental commitments 264,767 106,374 Less – amounts representing interest (32,299 ) (41,408 ) Total lease liabilities $ 232,468 $ 64,966 As of June 20, 2021, the Company has additional leases for one supply chain center and certain supply chain tractors and trailers that had not yet commenced with estimated future minimum rental commitments of approximately $51.1 million. These leases are expected to commence in 2021 and 2022 with lease terms of up to The Company has guaranteed lease payments related to certain franchisees’ lease arrangements. The maximum amount of potential future payments under these guarantees was $11.1 million and $12.6 million as of June 20, 2021 and January 3, 2021, 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	6 Months Ended
	Jun. 20, 2021
Supplemental Cash Flow Elements [Abstract]
Supplemental Disclosures of Cash Flow Information	9. Supplemental Disclosures of Cash Flow Information The Company had non-cash non-cash

Equity Incentive Plans

Equity Incentive Plans	6 Months Ended
	Jun. 20, 2021
Share-based Payment Arrangement [Abstract]
Equity Incentive Plans	10. Equity Incentive Plans The Company’s current equity incentive plan, named the Domino’s Pizza, Inc. 2004 Equity Incentive Plan (the “2004 Equity Incentive Plan”), benefits certain of the Company’s employees and members of the Company’s Board of Directors. In the two fiscal quarters of 2021, the Company granted non-qualified The cost of all employee stock options, as well as other equity-based compensation arrangements, is reflected in the condensed consolidated statements of income based on the estimated fair value of the awards and is amortized over the requisite service period of each award. All non-cash Stock Options Stock options granted in fiscal 2021 were granted with an exercise price equal to the market price of the Company’s common stock at the date of the grant, expire grant, generally subject to the holder’s continued employment. Additionally, all stock options granted become fully exercisable upon vesting. These awards also contain provisions for accelerated vesting upon the retirement eligibility of holders that have achieved specified service and age requirements. Management estimated the fair value of each option grant using the Black-Scholes option pricing method. The risk-free interest rate is based on the estimated expected life and is estimated based on U.S. Treasury Bond rates as of the grant date. The expected life is based on several factors, including, among other things, the vesting term and contractual term as well as historical experience. The expected volatility is based principally on the historical volatility of the Company’s share price. Other Equity-Based Compensation Arrangements Restricted stock awards granted to members of the Company’s Board of Directors in fiscal 2021 were granted with a fair value equal to the market price of the Company’s stock on the grant date and vest from the date of grant, generally subject to the director’s continued service. These awards also contain provisions for accelerated vesting upon the retirement eligibility of holders that have achieved specified service and age requirements. Restricted stock units granted in fiscal 2021 were granted with a fair value equal to the market price of the Company’s stock on the grant date. These restricted stock units are separated into three tranches and have time-based ratable vesting conditions with the last tranche of the award vesting three years from the grant date, generally subject to the holder’s continued employment. These awards also contain provisions for accelerated vesting upon the retirement eligibility of holders that have achieved specified service and age requirements . Performance-based restricted stock units granted in fiscal 2021 were granted with a fair value equal to the market price of the Company’s stock on the grant date, adjusted for the estimated fair value of the market condition included in the award. These performance-based restricted stock units may vest three years from the date of grant, generally subject to the holder’s continued employment, and have time and performance-based vesting conditions which provide for potential payouts of the target award amount between zero percent and two hundred percent, based on the Company’s three-year cumulative achievement as compared to the specified target performance conditions. The performance-based restricted stock units also include provisions for a potential modifier (upward or downward) based on the Company’s cumulative three-year pre-established as the correlation of the Company’s share price as compared to that of the pre-established .

New Accounting Pronouncements

New Accounting Pronouncements	6 Months Ended
	Jun. 20, 2021
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncements	11. New Accounting Pronouncements Recently Adopted Accounting Standard Accounting Standards Update (“ASU”) 2019-12, In December 2019, the Financial Accounting Standards Board (“FASB”) issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (“ASU 2019-12”) 2019-12 Accounting Standards Not Yet Adopted The Company has considered all new accounting standards issued by the FASB. The Company has not yet completed its assessment of the following standard. ASU 2020-04, 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”) 2020-04

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 20, 2021
Segment Reporting [Abstract]
Financial Information by Operating Segment	The following table summarizes 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. Fiscal Quarters Ended June 20, 2021 and June 14, 2020 U.S. Stores Supply Chain International Franchise Intersegment Revenues Other Total Revenues 2021 $ 359,765 $ 635,592 $ 69,745 $ (32,630 ) $ — $ 1,032,472 2020 332,778 570,104 48,104 (30,963 ) — 920,023 Segment Income 2021 $ 111,847 $ 58,593 $ 56,365 N/A $ (9,627 ) $ 217,178 2020 102,934 56,904 36,410 N/A (12,555 ) 183,693 Two Fiscal Quarters Ended June 20, 2021 and June 14, 2020 U.S. Stores Supply Chain International Franchise Intersegment Revenues Other Total Revenues 2021 $ 708,355 $ 1,234,769 $ 136,515 $ (63,469 ) $ — $ 2,016,170 2020 635,684 1,111,743 105,600 (59,902 ) — 1,793,125 Segment Income 2021 $ 219,283 $ 111,145 $ 110,833 N/A $ (15,715 ) $ 425,546 2020 191,211 108,341 79,914 N/A (20,687 ) 358,779
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 Two Fiscal Quarters Ended June 20, 2021 June 14, 2020 June 20, 2021 June 14 202 0 Total Segment Income $ 217,178 $ 183,693 $ 425,546 $ 358,779 Depreciation and amortization (17,176 ) (14,757 ) (33,641 ) (28,789 ) Loss on sale/disposal of assets (295 ) (238 ) (456 ) (544 ) Non-cash (8,296 ) (5,115 ) (13,500 ) (10,029 ) Recapitalization-related expenses (509 ) — (509 ) — Income from operations 190,902 163,583 377,440 319,417 Other income — — 2,500 — Interest income 68 640 90 1,572 Interest expense (45,877 ) (39,727 ) (85,299 ) (79,197 ) Income before provision for income taxes $ 145,093 $ 124,496 $ 294,731 $ 241,792

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 20, 2021
Earnings Per Share [Abstract]
Earnings Per Share	Fiscal Quarter Ended Two Fiscal Quarters Ended June 20, 2021 June 14, 2020 June 20, 2021 June 14, 2020 Net income available to common stockholders - basic and diluted $ 116,619 $ 118,668 $ 234,380 $ 240,270 Basic weighted average number of shares 37,590,369 39,058,292 38,145,297 38,862,108 Earnings per share – basic $ 3.10 $ 3.04 $ 6.14 $ 6.18 Diluted weighted average number of shares 38,122,515 39,746,479 38,665,325 39,688,663 Earnings per share – diluted $ 3.06 $ 2.99 $ 6.06 $ 6.05

Stockholders' Deficit (Tables)

Stockholders' Deficit (Tables)	6 Months Ended
	Jun. 20, 2021
Federal Home Loan Banks [Abstract]
Changes in Stockholders' Deficit	The following table summarizes changes in stockholders’ deficit for the second quarter of 2021. Common Stock Additional Paid-in Capital Retained Deficit Accumulated Other Comprehensive Loss Shares Amount Balance at March 28, 2021 38,818,197 $ 388 $ 6,612 $ (3,240,842 ) $ (2,238 ) Net income — — — 116,619 — Dividends declared on common stock and equivalents ($0.94 per share) — — — (34,680 ) — Issuance and cancellation of stock awards, net 837 — — — — Tax payments for restricted stock upon vesting (110 ) — (43 ) — — Purchases of common stock (2,012,596 ) (20 ) (12,181 ) (987,799 ) — Exercise of stock options 47,243 1 5,331 — — Non-cash — — 8,296 — — Other — — (244 ) — — Currency translation adjustment — — — — 230 Balance at June 20, 2021 36,853,571 $ 369 $ 7,771 $ (4,146,702 ) $ (2,008 ) The following table summarizes changes in stockholders’ deficit for the two fiscal quarters of 2021. Accumulated Common Stock Additional Other Paid-in Retained Comprehensive Shares Amount Capital Deficit Loss Balance at January 3, 2021 38,868,350 $ 389 $ 5,122 $ (3,303,492 ) $ (2,424 ) Net income — — — 234,380 — Dividends declared on common stock and equivalents ($1.88 per share) — — — (71,155 ) — Issuance and cancellation of stock awards, net (1,918 ) — — — — Tax payments for restricted stock upon vesting (2,901 ) — (1,087 ) — — Purchases of common stock (2,078,466 ) (21 ) (18,544 ) (1,006,435 ) — Exercise of stock options 68,506 1 9,024 — — Non-cash — — 13,500 — — Other — — (244 ) — — Currency translation adjustment — — — — 416 Balance at June 20, 2021 36,853,571 $ 369 $ 7,771 $ (4,146,702 ) $ (2,008 ) The following table summarizes changes in stockholders’ deficit for the second quarter of 2020. Accumulated Common Stock Additional Other Paid-in Retained Comprehensive Shares Amount Capital Deficit Loss Balance at March 22, 2020 39,039,599 $ 390 $ 12,474 $ (3,398,986 ) $ (6,068 ) Net income — — — 118,668 — Dividends declared on common stock and equivalents ($0.78 per share) — — — (30,697 ) — Issuance and cancellation of stock awards, net 4,068 — — — — Tax payments for restricted stock upon vesting (91 ) — (31 ) — — Exercise of stock options 303,637 3 14,693 — — Non-cash — — 5,115 — — Currency translation adjustment — — — — 1,533 Balance at June 14, 2020 39,347,213 $ 393 $ 32,251 $ (3,311,015 ) $ (4,535 ) The following table summarizes changes in stockholders’ deficit for the two fiscal quarters of 2020. Accumulated Common Stock Additional Other Paid-in Retained Comprehensive Shares Amount Capital Deficit Loss Balance at December 29, 2019 38,934,009 $ 389 $ 243 $ (3,412,649 ) $ (3,742 ) Net income — — — 240,270 — Dividends declared on common stock and equivalents ($1.56 per share) — — — (61,139 ) — Issuance and cancellation of stock awards, net 5,713 — — — — Tax payments for restricted stock upon vesting (6,020 ) — (1,827 ) — — Purchases of common stock (271,064 ) (3 ) (988 ) (78,599 ) — Exercise of stock options 684,575 7 24,794 — — Non-cash — — 10,029 — — Adoption of credit losses standard — — — 1,102 — Currency translation adjustment — — — — (793 ) Balance at June 14, 2020 39,347,213 $ 393 $ 32,251 $ (3,311,015 ) $ (4,535 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 20, 2021
Fair Value Disclosures [Abstract]
Carrying Amounts and Fair Values of Certain Assets	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 June 20, 2021 and January 3, 2021: At June 20, 2021 Fair Value Estimated Using Carrying Level 1 Level 2 Level 3 Amount Inputs Inputs Inputs Cash equivalents $ 261,183 $ 261,183 $ — $ — Restricted cash equivalents 117,783 117,783 — — Investments in marketable securities 14,195 14,195 — — Advertising fund cash equivalents, restricted 129,810 129,810 — — Investments 82,500 — — 82,500 At January 3, 2021 Fair Value Estimated Using Carrying Level 1 Level 2 Level 3 Amount Inputs Inputs Inputs Cash equivalents $ 151,502 $ 151,502 $ — $ — Restricted cash equivalents 126,595 126,595 — — Investments in marketable securities 13,251 13,251 — — Advertising fund cash equivalents, restricted 104,197 104,197 — — Investments 40,000 — — 40,000
Summary of reconciliation of the carrying amount of the Company's investment  in Dash Brands	The following table summarizes the reconciliation of the carrying amount of the Company’s investment in Dash Brands from the opening balance at January 3, 2021 to the closing balance at June 20, 2021. Two Fiscal Quarters of 2021 Carrying Carrying January 3, Unrealized June 20, 2021 Purchases Gain 2021 Investments $ 40,000 $ 40,000 $ 2,500 $ 82,500
Schedule of Estimated Fair Value	Management estimated the approximate fair values of the 2015 fixed rate notes, the 2017 fixed and floating rate notes, the 2018 fixed rate notes, the 2019 fixed rate notes and the 2021 fixed rate notes as follows: June 20, 2021 January 3, 2021 Principal Amount Fair Value Principal Amount Fair Value 2015 Ten-Year $ 764,000 $ 802,200 $ 766,000 $ 809,662 2017 Five-Year Fixed Rate Notes — — 582,000 582,582 2017 Ten-Year 967,500 1,032,323 970,000 1,035,960 2017 Five-Year Floating Rate Notes — — 291,000 291,000 2018 7.5-Year 414,375 433,022 415,438 437,456 2018 9.25-Year 390,000 422,370 391,000 422,280 2019 Ten-Year 666,563 715,222 668,250 712,355 2021 7.5-Year 850,000 872,950 — — 2021 Ten-Year 1,000,000 1,042,000 — —

Revenue Disclosures (Tables)

Revenue Disclosures (Tables)	6 Months Ended
	Jun. 20, 2021
Revenue from Contract with Customer [Abstract]
Schedule of Contract Liabilities Consist of Deferred Franchise Fees and Deferred Development Fees	Contract liabilities primarily consist of deferred franchise fees and deferred development fees. Changes in deferred franchise fees and deferred development fees for the two fiscal quarters of 2021 and the two fiscal quarters of 2020 were as follows: Two Fiscal Quarters Ended June 20, June 14, 2021 2020 Deferred franchise fees and deferred development fees at beginning of period $ 19,090 $ 20,463 Revenue recognized during the period (2,691 ) (2,793 ) New deferrals due to cash received and other 3,805 3,092 Deferred franchise fees and deferred development fees at end of period $ 20,204 $ 20,762

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 20, 2021
Leases [Abstract]
Components Of Operating And Finance Lease Cost	The components of operating and finance lease cost for the second quarter and two fiscal quarters of 2021 and the second quarter and two fiscal quarters of 2020 were as follows: Fiscal Quarter Ended Two Fiscal Quarters Ended June 20, 2021 June 14, 2020 June 20, 2021 June 14, 2020 Operating lease cost $ 10,326 $ 10,250 $ 20,750 $ 19,832 Finance lease cost: Amortization of right-of-use 1,003 451 1,922 700 Interest on lease liabilities 722 897 1,748 1,272 Total finance lease cost $ 1,725 $ 1,348 $ 3,670 $ 1,972
Schedule of Supplemental Balance Sheet Information Related To Finance Leases	Supplemental balance sheet information related to the Company’s finance leases as of June 20, 2021 and January 3, 2021 was as follows: June 20, 2021 January 3, 2021 Land and buildings $ 73,822 $ 68,084 Accumulated depreciation and amortization (11,979 ) (10,049 ) Finance lease assets, net $ 61,843 $ 58,035 Current portion of long-term debt $ 3,269 $ 2,855 Long-term debt, less current portion 61,697 57,700 Total principal payable on finance leases $ 64,966 $ 60,555 June 20, 2021 January 3, 2021 Operating Leases Finance Leases Operating Leases Finance Leases Weighted average remaining lease term 7 years 15 years 7 years 16 years Weighted average discount rate 3.7 % 6.5 % 3.7 % 6.8 %
Schedule Of Supplemental Cash Flow Information Related To Leases	Supplemental cash flow information related to leases for the second quarter and two fiscal quarters of 2021 and the second quarter and two fiscal quarters of 2020 were as follows: Fiscal Quarter Ended Two Fiscal Quarters Ended June 20, 2021 June 14, 2020 June 20, 2021 June 14, 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 9,105 $ 10,048 $ 19,292 $ 20,167 Operating cash flows from finance leases 722 897 1,748 1,272 Financing cash flows from finance leases 593 691 1,297 1,040 Right-of-use Operating leases 6,681 6,596 11,353 15,578 Finance leases 5,261 18,746 5,660 18,746
Schedule Of Maturities Of Operating And Finance Leases Liabilities	Maturities of lease liabilities as of June 20, 2021 were as follows: Operating Leases Finance Leases 2021 $ 26,194 $ 3,996 2022 43,813 7,202 2023 38,220 6,722 2024 36,928 7,181 2025 30,470 6,983 Thereafter 89,142 74,290 Total future minimum rental commitments 264,767 106,374 Less – amounts representing interest (32,299 ) (41,408 ) Total lease liabilities $ 232,468 $ 64,966

Financial Information by Operat

Financial Information by Operating Segment (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 20, 2021	Jun. 14, 2020	Jun. 20, 2021	Jun. 14, 2020
Segment Reporting Information [Line Items]
Revenues	$ 1,032,472	$ 920,023	$ 2,016,170	$ 1,793,125
Segment Income	217,178	183,693	425,546	358,779
Supply Chain [Member]
Segment Reporting Information [Line Items]
Revenues	602,962	539,141	1,171,300	1,051,841
Operating Segments [Member] | U.S. Stores [Member]
Segment Reporting Information [Line Items]
Revenues	359,765	332,778	708,355	635,684
Segment Income	111,847	102,934	219,283	191,211
Operating Segments [Member] | Supply Chain [Member]
Segment Reporting Information [Line Items]
Revenues	635,592	570,104	1,234,769	1,111,743
Segment Income	58,593	56,904	111,145	108,341
Operating Segments [Member] | International Franchise [Member]
Segment Reporting Information [Line Items]
Revenues	69,745	48,104	136,515	105,600
Segment Income	56,365	36,410	110,833	79,914
Intersegment Revenues [Member]
Segment Reporting Information [Line Items]
Revenues	(32,630)	(30,963)	(63,469)	(59,902)
Segment Reconciling [Member]
Segment Reporting Information [Line Items]
Segment Income	$ (9,627)	$ (12,555)	$ (15,715)	$ (20,687)

Reconciliation of Total Segment

Reconciliation of Total Segment Income to Consolidated Income Before Provision for Income Taxes (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 20, 2021	Jun. 14, 2020	Jun. 20, 2021	Jun. 14, 2020
Segment Reconciliation [Abstract]
Total Segment Income	$ 217,178	$ 183,693	$ 425,546	$ 358,779
Depreciation and amortization	(17,176)	(14,757)	(33,641)	(28,789)
Loss on sale/disposal of assets	(295)	(238)	(456)	(544)
Non-cash equity-based compensation expense	(8,296)	(5,115)	(13,500)	(10,029)
Recapitalization-related expenses	(509)		(509)
Income from operations	190,902	163,583	377,440	319,417
Other Income			2,500
Interest income	68	640	90	1,572
Interest expense	(45,877)	(39,727)	(85,299)	(79,197)
Income before provision for income taxes	$ 145,093	$ 124,496	$ 294,731	$ 241,792

Earnings Per Share (Detail)

Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 20, 2021	Jun. 14, 2020	Jun. 20, 2021	Jun. 14, 2020
Earnings Per Share [Abstract]
Net income available to common stockholders - basic and diluted	$ 116,619	$ 118,668	$ 234,380	$ 240,270
Basic weighted average number of shares	37,590,369	39,058,292	38,145,297	38,862,108
Earnings per share – basic	$ 3.10	$ 3.04	$ 6.14	$ 6.18
Diluted weighted average number of shares	38,122,515	39,746,479	38,665,325	39,688,663
Earnings per share – diluted	$ 3.06	$ 2.99	$ 6.06	$ 6.05

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - shares	3 Months Ended	6 Months Ended
	Jun. 20, 2021	Jun. 20, 2021	Jun. 14, 2020
Stock Option [Member]
Earnings Per Share [Line Items]
Anti-dilutive Securities Excluded from Computation of Earnings Per Share	84,955	92,689	263
Restricted Performance Shares [Member]
Earnings Per Share [Line Items]
Securities excluded from computation of earnings per share, amount unvested		64,110	90,472
Restricted Stock [Member]
Earnings Per Share [Line Items]
Anti-dilutive Securities Excluded from Computation of Earnings Per Share			1,760

Stockholders' Deficit - Additio

Stockholders' Deficit - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Billions	Jul. 20, 2021	Jun. 20, 2021	Jun. 14, 2020	Jun. 20, 2021	Jun. 14, 2020	Apr. 30, 2021
Dividends declared per share		$ 0.94	$ 0.78	$ 1.88	$ 1.56
Accelerated Share Repurchase Agreement [Member]
Stock repurchase program, authorized amount						$ 1
Subsequent Event [Member]
Dividends declared per share	$ 0.94
Record date of dividend	Sep. 15, 2021
Dividend declared date	Jul. 20, 2021
Dividend payable date	Sep. 30, 2021
Subsequent Event [Member] | New Accelerated Share Repurchase Agreement Two Thousand And Twenty One [Member]
Stock repurchase program, authorized amount	$ 1
Stock repurchase program, Utilized amount cumulatively	$ 1

Stockholders' Deficit (Detail)

Stockholders' Deficit (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 20, 2021	Jun. 14, 2020	Jun. 20, 2021	Jun. 14, 2020
Stockholders' Deficit [Line Items]
Balance	[1]			$ (3,300,405)
Net income		$ 116,619	$ 118,668	234,380	$ 240,270
Balance		$ (4,140,570)		$ (4,140,570)
Common Stock [Member]
Stockholders' Deficit [Line Items]
Balance (in shares)		38,818,197	39,039,599	38,868,350	38,934,009
Balance		$ 388	$ 390	$ 389	$ 389
Issuance and cancellation of stock awards, net (in shares)		837	4,068	(1,918)	5,713
Tax payments for restricted stock upon vesting, (in shares)		(110)	(91)	(2,901)	(6,020)
Purchases of common stock, (in shares)		(2,012,596)		(2,078,466)	(271,064)
Purchases of common stock		$ (20)		$ (21)	$ (3)
Exercises of stock options, (in shares)		47,243	303,637	68,506	684,575
Exercises of stock options		$ 1	$ 3	$ 1	$ 7
Balance (in shares)		36,853,571	39,347,213	36,853,571	39,347,213
Balance		$ 369	$ 393	$ 369	$ 393
Additional Paid-in Capital [Member]
Stockholders' Deficit [Line Items]
Balance		6,612	12,474	5,122	243
Tax payments for restricted stock upon vesting		(43)	(31)	(1,087)	(1,827)
Purchases of common stock		(12,181)		(18,544)	(988)
Exercises of stock options		5,331	14,693	9,024	24,794
Non-cash equity-based compensation expense		8,296	5,115	13,500	10,029
Other		(244)		(244)
Balance		7,771	32,251	7,771	32,251
Retained Deficit [Member]
Stockholders' Deficit [Line Items]
Balance		(3,240,842)	(3,398,986)	(3,303,492)	(3,412,649)
Net income		116,619	118,668	234,380	240,270
Dividends declared on common stock and equivalents		(34,680)	(30,697)	(71,155)	(61,139)
Purchases of common stock		(987,799)		(1,006,435)	(78,599)
Adoption of credit losses standard					1,102
Balance		(4,146,702)	(3,311,015)	(4,146,702)	(3,311,015)
Accumulated Other Comprehensive Income (Loss) [Member]
Stockholders' Deficit [Line Items]
Balance		(2,238)	(6,068)	(2,424)	(3,742)
Currency translation adjustment		230	1,533	416	(793)
Balance		$ (2,008)	$ (4,535)	$ (2,008)	$ (4,535)
[1]	The balance sheet at January 3, 2021 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		6 Months Ended
	Jun. 20, 2021	Jun. 14, 2020	Jun. 20, 2021	Jun. 14, 2020
Dividends declared per share	$ 0.94	$ 0.78	$ 1.88	$ 1.56

Recapitalization - Additional I

Recapitalization - Additional Information (Detail)	Jul. 21, 2021$ / sharesshares	May 03, 2021USD ($)shares	Apr. 16, 2021USD ($)	Jun. 26, 2021	Mar. 28, 2021	Jun. 20, 2021shares	Apr. 30, 2021USD ($)
Debt Instrument [Line Items]
Leverage ratio of total debt to earnings before interest, tax, depreciation amortization					5
Stock repurchased and retired during period, Shares | shares	2,250,786
Accelerated Share Repurchase Agreement Two Thousand And Twenty One [Member]
Debt Instrument [Line Items]
Stock repurchase program, authorized amount							$ 1,000,000,000
Stock repurchased and retired during period, Value		$ 1,000,000,000
Stock repurchased and retired during period, Shares | shares		2,012,596				2,012,596
Stock repurchased price per share | $ / shares	$ 444.29
Two Thousand and Twenty Variable Funding Notes
Debt Instrument [Line Items]
Variable funding notes			$ 200,000,000
Two Thousand and Twenty One Recapitalization
Debt Instrument [Line Items]
Scheduled principal payments in year 2021			9,300,000
Scheduled principal payments in year 2022			18,500,000
Scheduled principal payments in year 2023			18,500,000
Scheduled principal payments in year 2024			18,500,000
Scheduled principal payments in year 2025			18,500,000
Scheduled principal payments in year 2026			18,500,000
Scheduled principal payments in year 2027			18,500,000
Scheduled principal payments in year 2028			804,800,000
Scheduled principal payments in year 2029			10,000,000
Scheduled principal payments in year 2030			10,000,000
Scheduled principal payments in year 2031			905,000,000
Gross proceeds from the issuance of debt			1,850,000,000
Debt issuance costs			14,900,000
Two Thousand and Twenty One Recapitalization | Subsequent Event [Member]
Debt Instrument [Line Items]
Leverage ratio of total debt to earnings before interest, tax, depreciation amortization				5
Two Thousand and Twenty One Recapitalization | Two Thousand and Twenty One A2I Fixed Rate Notes
Debt Instrument [Line Items]
Debt instrument face amount			$ 850,000,000
Debt instrument, stated percentage			2.662%
Debt instrument, term			7 years 6 months
Two Thousand and Twenty One Recapitalization | Two Thousand and Twenty One  A2II Fixed Rate Notes
Debt Instrument [Line Items]
Debt instrument face amount			$ 1,000,000,000
Debt instrument, term			10 years
Two Thousand and Twenty One Recapitalization | Two Thousand and Twenty Variable Funding Notes
Debt Instrument [Line Items]
Debt instrument, stated percentage			3.151%
Variable funding notes			$ 200,000,000
Two Thousand and Twenty One Recapitalization | DPZ Class A2i Series One Floating Rate Senior Secured Notes
Debt Instrument [Line Items]
Repayment of Outstanding Principal portion of debt			291,000,000
Two Thousand and Twenty One Recapitalization | DPZ Class A2ii Series One Three Point Zero Eight Two Percent Fixed Rate Senior Secured Notes
Debt Instrument [Line Items]
Repayment of Outstanding Principal portion of debt			582,000,000
DPZ Two Thousand Seventeen Recapitalization
Debt Instrument [Line Items]
Unamortized debt issuance costs			$ 2,000,000

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - Dash Brands Ltd [Member] - USD ($) $ in Millions	Mar. 28, 2021	Jun. 14, 2020
Acquisition of non-controlling interest	$ 40	$ 40
Adjustments to the carrying amount of equity securities	2.5
Investments at carrying value	$ 82.5	$ 40

Carrying Amounts and Fair Value

Carrying Amounts and Fair Values of Certain Assets (Detail) - USD ($) $ in Thousands	Jun. 20, 2021	Jan. 03, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents, carrying amount	$ 261,183	$ 151,502
Restricted cash equivalents, carrying amount	117,783	126,595
Investments in marketable securities, carrying amount	14,195	13,251
Advertising fund cash equivalents, restricted, carrying amount	129,810	104,197
Inverstments	82,500	40,000
Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents, carrying amount	261,183	151,502
Restricted cash equivalents, carrying amount	117,783	126,595
Investments in marketable securities, carrying amount	14,195	13,251
Advertising fund cash equivalents, restricted, fair value	129,810	104,197
Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Inverstments	$ 82,500	$ 40,000

Summary of reconciliation of th

Summary of reconciliation of the carrying amount of the Company's investment in Dash Brands - (Detail) - DPZ Dash Brands Ltd [Member] $ in Thousands	6 Months Ended
	Jun. 20, 2021USD ($)
Schedule of Equity Method Investments [Line Items]
Equity Securities without Readily Determinable Fair Value, Amount	$ 40,000
Additional Purchase of Equity Securities Without Readily Determinable Fair Value Amount	40,000
Equity Securities without Readily Determinable Fair Value, Upward Price Adjustment, Annual Amount	2,500
Equity Securities without Readily Determinable Fair Value, Amount	$ 82,500

Schedule of Estimated Fair Valu

Schedule of Estimated Fair Value (Detail) - USD ($) $ in Thousands	Jun. 20, 2021	Jan. 03, 2021
2015 Ten-Year Fixed Rate Notes [Member]
Debt Instrument [Line Items]
Principal Amount	$ 764,000	$ 766,000
Fair Value	802,200	809,662
2017 Five-Year Fixed Rate Notes [Member]
Debt Instrument [Line Items]
Principal Amount		582,000
Fair Value		582,582
2017 Ten-Year Fixed Rate Notes [Member]
Debt Instrument [Line Items]
Principal Amount	967,500	970,000
Fair Value	1,032,323	1,035,960
2017 Five-Year Floating Rate Notes [Member]
Debt Instrument [Line Items]
Principal Amount		291,000
Fair Value		291,000
2018 7.5-Year Fixed Rate Notes [Member]
Debt Instrument [Line Items]
Principal Amount	414,375	415,438
Fair Value	433,022	437,456
2018 9.25-Year Fixed Rate Notes [Member]
Debt Instrument [Line Items]
Principal Amount	390,000	391,000
Fair Value	422,370	422,280
2019 Ten-Year Fixed Rate Notes [Member]
Debt Instrument [Line Items]
Principal Amount	666,563	668,250
Fair Value	715,222	$ 712,355
2021 7.5-Year Fixed Rate Notes
Debt Instrument [Line Items]
Principal Amount	850,000
Fair Value	872,950
2021 Ten-Year Fixed Rate Notes
Debt Instrument [Line Items]
Principal Amount	1,000,000
Fair Value	$ 1,042,000

Schedule of Contract Liabilitie

Schedule of Contract Liabilities Consist of Deferred Franchise Fees and Deferred Development Fees (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 20, 2021	Jun. 14, 2020
Revenue from Contract with Customer [Abstract]
Deferred franchise fees and deferred development fees at beginning of period	$ 19,090	$ 20,463
Revenue recognized during the period	(2,691)	(2,793)
New deferrals due to cash received and other	3,805	3,092
Deferred franchise fees and deferred development fees at end of period	$ 20,204	$ 20,762

Revenue Disclosures - Additiona

Revenue Disclosures - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 20, 2021	Jan. 03, 2021
Advertising fund assets restricted	$ 165,139	$ 147,698	[1]
U.S. stores [Member] | U.S. franchise stores [Member] | Cash, cash equivalents and investments [Member]
Advertising fund assets restricted	147,000	115,900
U.S. stores [Member] | U.S. franchise stores [Member] | Prepaid expenses [Member]
Advertising fund assets restricted	1,900	4,800
U.S. stores [Member] | U.S. franchise stores [Member] | Accounts receivable [Member]
Advertising fund assets restricted	16,200	27,000
U.S. stores [Member] | U.S. Company-owned stores [Member]
Cash contributed from Company-owned stores	$ 7,600	$ 6,500
[1]	The balance sheet at January 3, 2021 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.

Components of Operating and Fin

Components of Operating and Finance Lease Cost (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 20, 2021	Jun. 14, 2020	Jun. 20, 2021	Jun. 14, 2020
Operating lease cost	$ 10,326	$ 10,250	$ 20,750	$ 19,832
Finance lease cost:
Amortization of right-of-use assets	1,003	451	1,922	700
Interest on lease liabilities	722	897	1,748	1,272
Total finance lease cost	$ 1,725	$ 1,348	$ 3,670	$ 1,972

Supplemental balance sheet info

Supplemental balance sheet information related to the Company's leases (Detail) - USD ($) $ in Thousands	Jun. 20, 2021	Jan. 03, 2021
Land and buildings	$ 73,822	$ 68,084
Accumulated depreciation and amortization	(11,979)	(10,049)
Finance lease assets, net	61,843	58,035
Current portion of long-term debt	3,269	2,855
Long-term debt, less current portion	61,697	57,700
Total principal payable on finance leases	$ 64,966	$ 60,555
Finance Lease, Weighted Average Remaining Lease Term	15 years	16 years
Finance Lease, Weighted Average Discount Rate, Percent	6.50%	6.80%
Operating Lease, Weighted Average Remaining Lease Term	7 years	7 years
Operating Lease, Weighted Average Discount Rate, Percent	3.70%	3.70%

Supplemental Cash Flow Informat

Supplemental Cash Flow Information Related To Leases (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 20, 2021	Jun. 14, 2020	Jun. 20, 2021	Jun. 14, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 9,105	$ 10,048	$ 19,292	$ 20,167
Operating cash flows from finance leases	722	897	1,748	1,272
Financing cash flows from finance leases	593	691	1,297	1,040
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	6,681	6,596	11,353	15,578
Finance leases	$ 5,261	$ 18,746	$ 5,660	$ 18,746

Maturities of Lease Liabilities

Maturities of Lease Liabilities (Detail) - USD ($) $ in Thousands	Jun. 20, 2021	Jan. 03, 2021
Leases [Abstract]
2021	$ 26,194
2022	43,813
2023	38,220
2024	36,928
2025	30,470
Thereafter	89,142
Total future minimum rental commitments	264,767
Less – amounts representing interest	(32,299)
Total lease liabilities	232,468
2021	3,996
2022	7,202
2023	6,722
2024	7,181
2025	6,983
Thereafter	74,290
Total future minimum rental commitments	106,374
Less – amounts representing interest	(41,408)
Total principal payable on finance leases	$ 64,966	$ 60,555

Leases - Additional Information

Leases - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 20, 2021	Jun. 14, 2020	Jun. 20, 2021	Jun. 14, 2020	Jan. 03, 2021
Rent Expenses	$ 17.9	$ 16.2	$ 36.1	$ 32.6
Potential future payments	11.1		11.1		$ 12.6
Operating Lease [Member]
Lessee, operating lease, lease not yet commenced, future minimum rental commitments	$ 51.1		$ 51.1
Lease Term	16 years		16 years

Supplemental Disclosures of C_2

Supplemental Disclosures of Cash Flow Information - Additional Information (Detail) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 20, 2021	Jan. 03, 2021
Schedule of Cash Flow, Supplemental [Line Items]
Capital expenditure accrual	$ 4.6	$ 4.3
Non cash investing activities lease incentives	$ 0.1

Equity Incentive Plans - Additi

Equity Incentive Plans - Additional Information (Detail)	6 Months Ended
	Jun. 20, 2021Number
Restricted Stock [Member] | Share-based Payment Arrangement, Tranche Three [Member] | Two Thousand And Twenty One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, vesting period	3 years
Restricted Stock [Member] | DPZ Two Thousand And Four Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, vesting period	1 year
Restricted Stock [Member] | DPZ Two Thousand And Four Equity Incentive Plan [Member] | Two Thousand And Twenty One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, number of tranches	3
Stock Option [Member] | DPZ Two Thousand And Four Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, expiration period	10 years
Share-based compensation arrangement by share-based payment award, vesting period	3 years
Performance Based And Time Based Restricted Stock [Member] | DPZ Two Thousand And Four Equity Incentive Plan [Member] | Two Thousand And Twenty One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, vesting period	3 years
Share-based compensation arrangement by share-based payment award, cumulative achievement Year	3 years
Performance Based And Time Based Restricted Stock [Member] | DPZ Two Thousand And Four Equity Incentive Plan [Member] | Maximum [Member] | Two Thousand And Twenty One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, Percentage of potential payouts of the target award amount	200.00%
Performance Based And Time Based Restricted Stock [Member] | DPZ Two Thousand And Four Equity Incentive Plan [Member] | Minimum [Member] | Two Thousand And Twenty One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, Percentage of potential payouts of the target award amount	0.00%