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Consolidated Balance Sheets - USD ($)
$ in Millions
Oct. 02, 2022
Jan. 02, 2022
Current assets    
Cash and cash equivalents $ 145.9 $ 109.4
Restricted cash 0.0 53.0
Accounts receivable, net of allowances of $9.3 and $9.1 418.0 465.7
Prepaid consigned vehicle charges 60.6 72.2
Other current assets 77.6 69.6
Total current assets 702.1 769.9
Non-current assets    
Operating lease right-of-use assets, net of accumulated amortization of $311.1 and $238.3 1,146.3 1,024.4
Property and equipment, net of accumulated depreciation of $558.1 and $531.9 368.0 338.1
Goodwill 748.7 797.5
Intangible assets, net of accumulated amortization of $590.0 and $549.6 185.1 197.5
Other assets 31.2 26.9
Total non-current assets 2,479.3 2,384.4
Total assets 3,181.4 3,154.3
Current liabilities    
Accounts payable 196.3 163.5
Short-term right-of-use operating lease liability 87.9 94.3
Accrued employee benefits and compensation expenses 27.4 44.2
Other accrued expenses 77.2 124.6
Current maturities of long-term debt 32.5 181.3
Total current liabilities 421.3 607.9
Non-current liabilities    
Long-term debt 1,098.2 1,120.6
Long-term right-of-use operating lease liability 1,104.0 984.8
Deferred income tax liabilities 69.6 74.8
Other liabilities 24.4 32.6
Total non-current liabilities 2,296.2 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: 133.8 shares at October 2, 2022 and 134.2 shares at January 2, 2022 1.3 1.3
Treasury stock at cost: 1.4 shares at October 2, 2022 and 0.7 shares at January 2, 2022 (61.2) (34.0)
Additional paid-in capital 21.9 18.6
Retained earnings 576.6 362.1
Accumulated other comprehensive loss (74.7) (14.4)
Total stockholders' equity 463.9 333.6
Total liabilities and stockholders' equity $ 3,181.4 $ 3,154.3