Accrued Expenses and Other Current Liabilities

12 Months Ended

Jan. 03, 2021

Accrued Liabilities [Abstract]

Accrued Expenses

Accrued Expenses and Other Current Liabilities

	Year End
	January 3, 2021		December 29, 2019
Legal reserves (a)	$	2,006	$	52,272
Accrued compensation and related benefits	44,264		56,010
Accrued taxes	27,162		23,926
NPC consortium bid (b)	38,361		—
Other	43,528		33,064
	$	155,321	$	165,272

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(a)Included a legal reserve of $50,000 as of December 29, 2019 for a settlement of the financial institutions class action. The Company maintains insurance coverage for legal settlements, receivables for which are included in “Accounts and notes receivable, net.” See Note 7 for further information.

After exhaustion of applicable insurance receivables of $25,350, the Company made a payment of $24,650 for the settlement of the financial institutions class action in January 2020.

(b)Represents amounts received from franchisees as part of the consortium bid to acquire NPC’s Wendy’s restaurants. See Note 4 for further information.