Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jul. 09, 2023
Dec. 25, 2022
Current assets:    
Cash and cash equivalents $ 44,034 $ 48,826
Accounts receivable, net 12,723 21,427
Inventories 26,899 26,447
Income tax receivable 461 562
Prepaid expenses and other current assets 13,368 12,938
Restricted cash 12,213 9,380
Total current assets 109,698 119,580
Property and equipment, net 289,694 318,517
Operating lease assets, net 369,048 361,432
Intangible assets, net 17,944 17,727
Other assets, net 12,014 14,889
Total assets 798,398 832,145
Current liabilities:    
Accounts payable 25,890 39,336
Accrued payroll and payroll-related liabilities 39,350 33,666
Unearned revenue 33,808 46,944
Current portion of operating lease obligations 49,213 47,394
Current portion of long-term debt 2,875 3,375
Accrued liabilities and other 53,208 49,498
Total current liabilities 204,344 220,213
Long-term debt 188,090 203,155
Long-term portion of operating lease obligations 391,370 393,157
Other non-current liabilities 11,568 13,831
Total liabilities 795,372 830,356
Commitments and contingencies (see Note 8. Commitments and Contingencies)
Stockholders' equity:    
Common stock; $0.001 par value: 45,000 shares authorized; 20,449 shares issued; 15,931 and 15,934 shares outstanding as of July 9, 2023 and December 25, 2022 20 20
Preferred stock, $0.001 par value: 3,000 shares authorized; no shares issued and outstanding as of July 9, 2023 and December 25, 2022 0 0
Treasury stock 4,518 and 4,515 shares, at cost, as of July 9, 2023 and December 25, 2022 (172,546) (182,810)
Paid-in capital 229,098 238,803
Accumulated other comprehensive loss, net of tax (22) (34)
Accumulated deficit (53,524) (54,190)
Total stockholders' equity 3,026 1,789
Total liabilities and stockholders' equity $ 798,398 $ 832,145