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Consolidated Balance Sheets - USD ($)
$ in Millions
Jul. 03, 2022
Jan. 02, 2022
Current assets    
Cash and cash equivalents $ 137.6 $ 109.4
Restricted cash 0.0 53.0
Accounts receivable, net of allowances of $9.3 and $9.1 394.8 465.7
Prepaid consigned vehicle charges 60.7 72.2
Other current assets 93.5 69.6
Total current assets 686.6 769.9
Non-current assets    
Operating lease right-of-use assets, net of accumulated amortization of $288.1 and $238.3 1,122.9 1,024.4
Property and equipment, net of accumulated depreciation of $551.1 and $531.9 327.0 338.1
Goodwill 769.2 797.5
Intangible assets, net of accumulated amortization of $578.1 and $549.6 188.6 197.5
Other assets 31.3 26.9
Total non-current assets 2,439.0 2,384.4
Total assets 3,125.6 3,154.3
Current liabilities    
Accounts payable 191.2 163.5
Short-term right-of-use operating lease liability 88.0 94.3
Accrued employee benefits and compensation expenses 27.1 44.2
Other accrued expenses 73.1 124.6
Current maturities of long-term debt 24.4 181.3
Total current liabilities 403.8 607.9
Non-current liabilities    
Long-term debt 1,105.6 1,120.6
Long-term right-of-use operating lease liability 1,079.4 984.8
Deferred income tax liabilities 70.9 74.8
Other liabilities 27.4 32.6
Total non-current liabilities 2,283.3 2,212.8
Commitments and contingencies (Note 9)
Stockholders' equity    
Preferred stock, $0.01 par value: Authorized: 150.0 shares; issued and outstanding: none 0.0 0.0
Common stock, $0.01 par value: Authorized: 750.0 shares; issued and outstanding: 133.7 shares at July 3, 2022 and 134.2 shares at January 2, 2022 1.3 1.3
Treasury stock at cost: 1.4 shares at July 3, 2022 and 0.7 shares at January 2, 2022 (61.2) (34.0)
Additional paid-in capital 18.5 18.6
Retained earnings 526.3 362.1
Accumulated other comprehensive loss (46.4) (14.4)
Total stockholders' equity 438.5 333.6
Total liabilities and stockholders' equity $ 3,125.6 $ 3,154.3