Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Apr. 21, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 30,594 $ 23,634
Accounts receivable, net 13,949 21,592
Inventories 27,144 26,839
Prepaid expenses and other current assets 13,623 11,785
Restricted cash 7,958 7,931
Total current assets 93,268 91,781
Property and equipment, net 233,525 261,258
Operating lease assets, net 361,934 361,609
Intangible assets, net 15,584 15,491
Other assets, net 12,775 11,795
Total assets 717,086 741,934
Current liabilities:    
Accounts payable 31,347 27,726
Accrued payroll and payroll-related liabilities 37,754 32,524
Unearned revenue 24,673 36,067
Current portion of operating lease obligations 51,862 43,819
Accrued liabilities and other 52,007 46,201
Total current liabilities 197,643 186,337
Long-term debt 161,961 182,594
Long-term portion of operating lease obligations 376,660 383,439
Other non-current liabilities 9,923 10,006
Total liabilities 746,187 762,376
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; 15,612 and 15,528 shares outstanding as of April 21, 2024 and December 31, 2023 20 20
Preferred stock, $0.001 par value: 3,000 shares authorized; no shares issued and outstanding as of April 21, 2024 and December 31, 2023 0 0
Treasury stock 4,837 and 4,921 shares, at cost, as of April 21, 2024 and December 31, 2023 (171,691) (174,702)
Paid-in capital 227,488 229,680
Accumulated other comprehensive loss, net of tax (40) (22)
Accumulated deficit (84,878) (75,418)
Total stockholders' equity (deficit) (29,101) (20,442)
Total liabilities and stockholders' equity (deficit) $ 717,086 $ 741,934