Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Oct. 01, 2023
Dec. 25, 2022
Current assets:    
Cash and cash equivalents $ 48,550 $ 48,826
Accounts receivable, net 11,819 21,427
Inventories 27,013 26,447
Income tax receivable 462 562
Prepaid expenses and other current assets 12,945 12,938
Restricted cash 12,268 9,380
Total current assets 113,057 119,580
Property and equipment, net 264,278 318,517
Operating lease assets, net 372,057 361,432
Intangible assets, net 17,114 17,727
Other assets, net 10,808 14,889
Total assets 777,314 832,145
Current liabilities:    
Accounts payable 30,020 39,336
Accrued payroll and payroll-related liabilities 37,828 33,666
Unearned revenue 31,980 46,944
Current portion of operating lease obligations 50,250 47,394
Current portion of long-term debt 875 3,375
Accrued liabilities and other 53,495 49,498
Total current liabilities 204,448 220,213
Long-term debt 182,142 203,155
Long-term portion of operating lease obligations 389,416 393,157
Other non-current liabilities 10,051 13,831
Total liabilities 786,057 830,356
Commitments and contingencies (see Note 8. Commitments and Contingencies)
Stockholders' equity (deficit):    
Common stock; $0.001 par value: 45,000 shares authorized; 20,449 shares issued; 15,482 and 15,934 shares outstanding as of October 1, 2023 and December 25, 2022 20 20
Preferred stock, $0.001 par value: 3,000 shares authorized; no shares issued and outstanding as of October 1, 2023 and December 25, 2022 0 0
Treasury stock 4,967 and 4,515 shares, at cost, as of October 1, 2023 and December 25, 2022 (176,813) (182,810)
Paid-in capital 229,769 238,803
Accumulated other comprehensive loss, net of tax (34) (34)
Accumulated deficit (61,685) (54,190)
Total stockholders' equity (deficit) (8,743) 1,789
Total liabilities and stockholders' equity (deficit) $ 777,314 $ 832,145