Balance Sheet

v3.24.0.1

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 25, 2022
Current assets:
Cash and cash equivalents	$ 23,634	$ 48,826
Accounts receivable, net	21,592	21,989
Inventories	26,839	26,447
Prepaid expenses and other current assets	11,785	12,938
Restricted cash	7,931	9,380
Total current assets	91,781	119,580
Property and equipment, net	261,258	318,517
Operating lease assets, net	361,609	361,432
Intangible assets, net	15,491	17,727
Other assets, net	11,795	14,889
Total assets	741,934	832,145
Current liabilities:
Accounts payable	27,726	39,336
Accrued payroll and payroll-related liabilities	32,524	33,666
Unearned revenue	36,067	46,944
Current portion of operating lease liabilities	43,819	47,394
Current portion of long-term debt	0	3,375
Accrued liabilities and other current liabilities	46,201	49,498
Total current liabilities	186,337	220,213
Long-term debt	182,594	203,155
Long-term portion of operating lease liabilities	383,439	393,157
Other non-current liabilities	10,006	13,831
Total liabilities	762,376	830,356
Stockholders' (deficit) equity:
Common stock; $0.001 par value: 45,000 shares authorized; 20,449 shares issued; 15,528 and 15,934 shares outstanding as of December 31, 2023 and December 25, 2022	20	20
Preferred stock, $0.001 par value: 3,000 shares authorized; no shares issued and outstanding as of December 31, 2023 and December 25, 2022	0	0
Treasury stock 4,921 and 4,515 shares, at cost as of December 31, 2023 and December 25, 2022	(174,702)	(182,810)
Paid-in capital	229,680	238,803
Accumulated other comprehensive loss, net of tax	(22)	(34)
Accumulated deficit	(75,418)	(54,190)
Total stockholders' (deficit) equity	(20,442)	1,789
Total liabilities and stockholders' (deficit) equity	$ 741,934	$ 832,145

- Definition

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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