Balance Sheet

v3.25.1

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Apr. 20, 2025	Dec. 29, 2024
Current assets:
Cash and cash equivalents	$ 24,150	$ 30,651
Accounts receivable, net	13,100	19,688
Inventories	27,016	26,737
Prepaid expenses and other current assets	12,797	13,608
Restricted cash	9,140	8,750
Total current assets	86,203	99,434
Property and equipment, net	178,147	181,224
Operating lease assets, net	318,762	331,617
Intangible assets, net	10,454	11,064
Assets held for sale	0	4,313
Other assets, net	12,663	13,662
Total assets	606,229	641,314
Current liabilities:
Accounts payable	32,976	29,783
Accrued payroll and payroll-related liabilities	38,783	39,672
Unearned revenue	18,264	27,083
Current portion of operating lease liabilities	51,620	50,083
Accrued liabilities and other	43,899	42,931
Total current liabilities	185,542	189,552
Long-term debt	164,831	181,641
Long-term portion of operating lease liabilities	327,850	345,635
Other non-current liabilities	8,418	8,755
Total liabilities	686,641	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; 17,738 and 17,403 shares outstanding as of April 20, 2025 and December 29, 2024	22	22
Preferred stock, $0.001 par value: 3,000 shares authorized; no shares issued and outstanding as of April 20, 2025 and December 29, 2024	0	0
Treasury stock 4,312 and 4,647 shares, at cost, as of April 20, 2025 and December 29, 2024	(152,944)	(164,937)
Paid-in capital	224,280	233,667
Accumulated other comprehensive loss, net of tax	(60)	(62)
Accumulated deficit	(151,710)	(152,959)
Total stockholders' equity (deficit)	(80,412)	(84,269)
Total liabilities and stockholders' equity (deficit)	$ 606,229	$ 641,314

- 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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