Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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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