Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.24.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Oct. 06, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 21,988 $ 23,634
Accounts receivable, net 11,283 21,592
Inventories 27,498 26,839
Prepaid expenses and other current assets 10,370 11,785
Restricted cash 8,300 7,931
Total current assets 79,439 91,781
Property and equipment, net 217,073 261,258
Operating lease assets, net 345,364 361,609
Intangible assets, net 13,676 15,491
Other assets, net 13,896 11,795
Total assets 669,448 741,934
Current liabilities:    
Accounts payable 29,573 27,726
Accrued payroll and payroll-related liabilities 33,908 32,524
Unearned revenue 15,338 36,067
Current portion of operating lease obligations 51,423 43,819
Accrued liabilities and other 49,455 46,201
Total current liabilities 179,697 186,337
Long-term debt 180,688 182,594
Long-term portion of operating lease obligations 353,435 383,439
Other non-current liabilities 8,965 10,006
Total liabilities 722,785 762,376
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; 15,779 and 15,528 shares outstanding as of October 6, 2024 and December 31, 2023 20 20
Preferred stock, $0.001 par value: 3,000 shares authorized; no shares issued and outstanding as of October 6, 2024 and December 31, 2023 0 0
Treasury stock 4,670 and 4,921 shares, at cost, as of October 6, 2024 and December 31, 2023 (165,747) (174,702)
Paid-in capital 225,666 229,680
Accumulated other comprehensive loss, net of tax (33) (22)
Accumulated deficit (113,243) (75,418)
Total stockholders' equity (deficit) (53,337) (20,442)
Total liabilities and stockholders' equity (deficit) $ 669,448 $ 741,934