0001193125-21-221398 | 10-Q | XBRL Viewer

Cover Page - shares	6 Months Ended
Cover Page - shares	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 - 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 INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	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 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

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

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)

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 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 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 3, 2021 included in the Company’s 2020 Annual Report on Form 10-K, filed with the Securities and Exchange Commission on February 25, 2021 (the “2020 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 June 20, 2021 are not necessarily indicative of the results that may be expected for the fiscal year ending January 2, 2022.

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.

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 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 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

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

+ Details

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

options to purchase common stock, as the effect of including these options would have been anti-dilutive. The denominator used in calculating diluted earnings per share for the two fiscal quarters of 2021 did not include

92,689 options to purchase common stock

as the effect of including these options would have been anti-dilutive.

The denominators used in calculating diluted earnings per share for the second quarter and two fiscal quarters of 2021 each did not include

64,110

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

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			Additional Paid-in Capital			Retained Deficit			Accumulated Other Comprehensive Loss
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 equity-based compensation expense		—			—			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 equity-based compensation expense		—			—			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,

on July 20, 2021, the Company’s Board of Directors authorized a new share repurchase program to repurchase up to $1.0 billion of the Company’s common stock. This repurchase program replaces the Company’s previously approved $1.0 billion share repurchase

program, which was fully utilized in connection with the ASR Agreement.

Also

July 20, 2021

, the Company’s Board of Directors declared a $

0.94

per share quarterly dividend on its outstanding common stock for shareholders of record as of

September 15, 2021

to be paid on

September 30, 2021

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 equity-based compensation expense		—			—		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 equity-based compensation expense		—			—			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	6 Months Ended
Recapitalization	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”) in which certain of the Company’s subsidiaries issued new notes pursuant to an asset-backed securitization. The new notes consist of $850.0 million Series 2021-1 2.662% Fixed Rate Senior Secured Notes, Class A-2-I with an anticipated term of 7.5 years (the “2021 A-2-I Fixed Rate Notes”) and $1.0 billion Series 2021-1 3.151% Fixed Rate Senior Secured Notes, Class A-2-II with an anticipated term of 10 years (collectively with the 2021 A-2-I Fixed Rate Notes, the “2021 Notes”) in an offering exempt from registration under the Securities Act of 1933, as amended. As of June 20, 2021, the 2021 Notes had scheduled principal payments of $9.3 million in 2021, $18.5 million in each of 2022 through 2027, $804.8 million in 2028, $10.0 million in each of 2029 and 2030 and $905.0 million in 2031. Gross proceeds from the issuance of the 2021 Notes were $1.85 billion. 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 Variable Funding Senior Secured Notes, Class A-1 Notes and certain other credit instruments, including letters of credit (the “2021 Variable Funding Notes”). The 2021 Variable Funding Notes were undrawn on the closing date. In connection with the issuance of the 2021 Variable Funding Notes, the Company’s previous $200.0 million variable funding note facility was canceled. 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 expected terms of the 2021 Notes. 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 notes beginning in the first quarter of 2021. Accordingly, all principal amounts of the Company’s outstanding notes were classified as long-term debt in the consolidated balance sheet as of January 3, 2021. Subsequent to the closing of the 2021 Recapitalization, the Company had a leverage ratio of greater than 5.0x and, accordingly, the Company resumed making the scheduled amortization payments on its notes in the second quarter of 2021. On April 30, 2021, the Company entered into the $1.0 billion ASR Agreement . Pursuant to the terms of the ASR Agreement, on May 3, 2021, the Company used a portion of the proceeds from the 2021 Recapitalization to pay the counterparty $1.0 billion in cash and received and retired 2,012,596 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 $444.29, including the 2,012,596 shares of its common stock received and retired during the second quarter of 2021.

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

interest in Dash Brands Ltd., a privately-held business company limited by shares incorporated with limited liability under the laws of the British Virgin Islands (“Dash Brands”), for $40.0 million. Through its subsidiaries, Dash Brands serves as the Company’s master franchisee in China that owns and operates Domino’s Pizza stores in that market. The Company’s investment in Dash Brands’ 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.

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

2.5 million to the original carrying amount of $40.0 million resulting from the observable change in price from the valuation of the additional investment. This amount was recorded in other income in the Company’s condensed consolidated statements of income. The Company did not record any adjustments to the carrying amount of $82.5 million in the second quarter of 2021.

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 Amount						Carrying Amount
	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 Fixed Rate Notes	$	764,000	$	802,200	$	766,000	$	809,662
2017 Five-Year Fixed Rate Notes		—		—		582,000		582,582
2017 Ten-Year Fixed Rate Notes		967,500		1,032,323		970,000		1,035,960
2017 Five-Year Floating Rate Notes		—		—		291,000		291,000
2018 7.5-Year Fixed Rate Notes		414,375		433,022		415,438		437,456
2018 9.25-Year Fixed Rate Notes		390,000		422,370		391,000		422,280
2019 Ten-Year Fixed Rate Notes		666,563		715,222		668,250		712,355
2021 7.5-Year Fixed Rate Notes		850,000		872,950		—		—
2021 Ten-Year Fixed Rate Notes		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.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

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.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

+ Details

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 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

Rent expense totaled $17.9 million and

36.1 million in the second quarter and two fiscal quarters of 2021, respectively. Rent expense totaled $16.2 million and $32.6 million in the second quarter and two fiscal quarters of 2020, 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. Variable rent expense and rent expense for short-term leases were immaterial for the second quarter and two fiscal quarters of 2021 and 2020, respectively.

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 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 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

16 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 $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 Cash Flow Information	6 Months Ended
Supplemental Disclosures of Cash Flow Information	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 investing activities related to accruals for capital expenditures of $4.6 million at June 20, 2021 and $4.3 million at January 3, 2021. The Company also had less than $0.1 million of non-cash investing activities related to lease incentives in the two fiscal quarters of 2021.

Equity Incentive Plans	6 Months Ended
Equity Incentive Plans	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 stock options, restricted stock awards, restricted stock units and performance-based restricted stock units to certain employees and members of its Board of Directors under the 2004 Equity Incentive Plan. As a result of the changes to the characteristics and types of awards granted to date in 2021 under the 2004 Equity Incentive Plan, the Company has included disclosure of the nature and terms of these awards granted in the two fiscal quarters of 2021, as well as the methods used to estimate their fair values below. 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 compensation expense amounts are recorded in general and administrative expense. 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 ten years from the date of grant and generally vest over three years from the date of 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 one year 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 common stock performance relative to that of a pre-established peer group. These awards also contain provisions for accelerated vesting of the time-based vesting condition upon the retirement eligibility of holders that have achieved specified service and age requirements. Management estimated the fair value of each performance-based restricted stock unit using a Monte-Carlo simulation 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 Monte-Carlo simulation also includes assumptions for expected volatility based principally on the historical volatility of the Company’s share price, as well as the correlation of the Company’s share price as compared to that of the pre-established peer group .

New Accounting Pronouncements	6 Months Ended
New Accounting Pronouncements	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, Income Taxes – Simplifying the Accounting for Income Taxes (Topic 740) 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”) , which simplifies the accounting for income taxes. ASU 2019-12 is effective for fiscal years beginning after December 15, 2020, including applicable interim periods. The Company adopted this accounting standard in the first quarter of 2021, and it did not have a material impact on its condensed consolidated financial statements. 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, Facilitation of the Effects of Reference Rate Reform on Financial Reporting (Topic 848) 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. Subsequent to the closing of the 2021 Recapitalization, the Company’s 2021 Variable Funding Notes bear interest at fluctuating interest rates based on LIBOR. However, the associated loan documents contemplate a transition from LIBOR to secured overnight financing rate (“SOFR”) in the event that LIBOR ceases to exist. If the Company further needs to renegotiate its loan documents, the Company cannot predict what alternative index would be negotiated with its lenders. ASU 2020-04 is currently effective and upon adoption may be applied prospectively to contract modifications made on or before December 31, 2022. The Company is currently assessing the impact of adopting this standard but does not expect the adoption of this guidance to have a material impact on its condensed consolidated financial statements.

- Definition

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 65
-Paragraph 1
-Subparagraph (g)(2)
-URI http://asc.fasb.org/extlink&oid=113356391&loc=SL49131195-203048

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-URI http://asc.fasb.org/topic&trid=2122394

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
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-Subparagraph (i)
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
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-Section S99
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=112272810&loc=SL108384541-122693

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 1
-Subparagraph (i)(2)
-URI http://asc.fasb.org/extlink&oid=113356391&loc=SL49131195-203048

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(iii)
-URI http://asc.fasb.org/extlink&oid=121370832&loc=SL117420844-207641

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
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-Section 50
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
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-Paragraph 2
-Subparagraph (g)(2)(ii)
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
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-Section 65
-Paragraph 2
-Subparagraph (g)(2)(i)
-URI http://asc.fasb.org/extlink&oid=121370832&loc=SL117420844-207641

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 65
-Paragraph 15
-Subparagraph (g)(1)
-URI http://asc.fasb.org/extlink&oid=121322162&loc=SL121327923-165333

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 65
-Paragraph 1
-Subparagraph (j)
-URI http://asc.fasb.org/extlink&oid=113356391&loc=SL49131195-203048

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(iv)
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 926
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-Section 65
-Paragraph 2
-Subparagraph (f)(1)
-URI http://asc.fasb.org/extlink&oid=120154821&loc=SL120154904-197079

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section S99
-Paragraph 5
-Subparagraph (SAB Topic 11.M.Q2)
-URI http://asc.fasb.org/extlink&oid=112272810&loc=d3e31137-122693

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
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Reference 23: http://www.xbrl.org/2003/role/disclosureRef
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Reference 24: http://www.xbrl.org/2003/role/disclosureRef
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-Topic 740
-SubTopic 10
-Section 65
-Paragraph 8
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+ Details

Segment Information (Tables)

6 Months Ended

Jun. 20, 2021

Segment Reporting [Abstract]

Financial Information by Operating Segment


	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 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 (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)

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			Additional Paid-in Capital			Retained Deficit			Accumulated Other Comprehensive Loss
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 equity-based compensation expense		—			—			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 equity-based compensation expense		—			—			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 equity-based compensation expense		—			—		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 equity-based compensation expense		—			—			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)

6 Months Ended

Jun. 20, 2021

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 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


	Two Fiscal Quarters of 2021
	Carrying Amount						Carrying Amount
	January 3,				Unrealized		June 20,
	2021		Purchases		Gain		2021
Investments	$	40,000	$	40,000	$	2,500	$	82,500

Schedule of Estimated Fair Value


	June 20, 2021				January 3, 2021
	Principal Amount		Fair Value		Principal Amount		Fair Value
2015 Ten-Year Fixed Rate Notes	$	764,000	$	802,200	$	766,000	$	809,662
2017 Five-Year Fixed Rate Notes		—		—		582,000		582,582
2017 Ten-Year Fixed Rate Notes		967,500		1,032,323		970,000		1,035,960
2017 Five-Year Floating Rate Notes		—		—		291,000		291,000
2018 7.5-Year Fixed Rate Notes		414,375		433,022		415,438		437,456
2018 9.25-Year Fixed Rate Notes		390,000		422,370		391,000		422,280
2019 Ten-Year Fixed Rate Notes		666,563		715,222		668,250		712,355
2021 7.5-Year Fixed Rate Notes		850,000		872,950		—		—
2021 Ten-Year Fixed Rate Notes		1,000,000		1,042,000		—		—

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


	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)

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 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

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 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

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 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)

- Definition

Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

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+ Details

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) - 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

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

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 - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Billions		3 Months Ended		6 Months Ended
	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						$ 1.0
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	$ 1.0
Stock repurchase program, Utilized amount cumulatively	$ 1.0

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)

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

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)

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 (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 Information (Detail)				3 Months Ended		6 Months Ended
Recapitalization - Additional Information (Detail)	Jul. 21, 2021 $ / shares shares	May 03, 2021 USD ($) shares	Apr. 16, 2021 USD ($)	Jun. 26, 2021	Mar. 28, 2021	Jun. 20, 2021 shares	Apr. 30, 2021 USD ($)
Debt Instrument [Line Items]
Leverage ratio of total debt to earnings before interest, tax, depreciation amortization					5.0
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							$ 1,000,000,000.0
Stock repurchased and retired during period, Value		$ 1,000,000,000.0
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			$ 200,000,000.0
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			10,000,000.0
Scheduled principal payments in year 2030			10,000,000.0
Scheduled principal payments in year 2031			905,000,000.0
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				5.0
Two Thousand and Twenty One Recapitalization \| Two Thousand and Twenty One A2I Fixed Rate Notes
Debt Instrument [Line Items]
Debt instrument face amount			$ 850,000,000.0
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			$ 1,000,000,000.0
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			$ 200,000,000.0
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			291,000,000.0
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			582,000,000.0
DPZ Two Thousand Seventeen Recapitalization
Debt Instrument [Line Items]
Unamortized debt issuance costs			$ 2,000,000.0

Fair Value Measurements - Additional Information (Detail) - Dash Brands Ltd [Member] - USD ($) $ in Millions	Mar. 28, 2021	Jun. 14, 2020
Acquisition of non-controlling interest	$ 40.0	$ 40.0
Adjustments to the carrying amount of equity securities	2.5
Investments at carrying value	$ 82.5	$ 40.0

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 the carrying amount of the Company's investment in Dash Brands - (Detail) - DPZ Dash Brands Ltd [Member] $ in Thousands	6 Months Ended
	Jun. 20, 2021 USD ($)
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 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 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 - 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 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 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 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 (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 (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 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 - Additional Information (Detail)	6 Months Ended
	Jun. 20, 2021 Number
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%