v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jul. 13, 2025
Dec. 29, 2024
Current assets:    
Cash and cash equivalents $ 24,370 $ 30,651
Accounts receivable and other, net 12,718 19,688
Inventories 26,295 26,737
Prepaid expenses and other current assets 12,102 13,608
Restricted cash 9,173 8,750
Total current assets 84,658 99,434
Property and equipment, net 173,822 181,224
Operating lease assets, net 306,519 331,617
Intangible assets, net 10,024 11,064
Assets held for sale 0 4,313
Other assets, net 11,885 13,662
Total assets 586,908 641,314
Current liabilities:    
Accounts payable 28,476 29,783
Accrued payroll and payroll-related liabilities 41,724 39,672
Unearned revenue 16,115 27,083
Current portion of operating lease liabilities 51,086 50,083
Accrued liabilities and other current liabilities 47,580 42,931
Total current liabilities 184,981 189,552
Long-term debt 163,079 181,641
Long-term portion of operating lease liabilities 309,034 345,635
Other non-current liabilities 8,457 8,755
Total liabilities 665,551 725,583
Commitments and contingencies (see Note 8. Commitments and Contingencies)
Stockholders' equity (deficit):    
Common stock; $0.001 par value: 45,000 shares authorized; 22,050 shares issued; 17,886 and 17,403 shares outstanding as of July 13, 2025 and December 29, 2024 22 22
Preferred stock, $0.001 par value: 3,000 shares authorized; no shares issued and outstanding as of July 13, 2025 and December 29, 2024 0 0
Treasury stock 4,164 and 4,647 shares, at cost, as of July 13, 2025 and December 29, 2024 (147,645) (164,937)
Paid-in capital 216,757 233,667
Accumulated other comprehensive loss, net of tax (60) (62)
Accumulated deficit (147,717) (152,959)
Total stockholders' equity (deficit) (78,643) (84,269)
Total liabilities and stockholders' equity (deficit) $ 586,908 $ 641,314

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