Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 29, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 30,651 $ 23,634
Accounts receivable, net 19,688 21,592
Inventories 26,737 26,839
Prepaid expenses and other current assets 13,608 11,785
Restricted cash 8,750 7,931
Total current assets 99,434 91,781
Property and equipment, net 181,224 261,258
Operating lease assets, net 331,617 361,609
Intangible assets, net 11,064 15,491
Assets held for sale 4,313 0
Other assets, net 13,662 11,795
Total assets 641,314 741,934
Current liabilities:    
Accounts payable 29,783 27,726
Accrued payroll and payroll-related liabilities 39,672 32,524
Unearned revenue 27,083 36,067
Current portion of operating lease liabilities 50,083 43,819
Accrued liabilities and other 42,931 46,201
Total current liabilities 189,552 186,337
Long-term debt 181,641 182,594
Long-term portion of operating lease liabilities 345,635 383,439
Other non-current liabilities 8,755 10,006
Total liabilities 725,583 762,376
Commitments and contingencies (see Note 12. Commitments and Contingencies)
Stockholders' equity (deficit):    
Common stock; $0.001 par value: 45,000 shares authorized; 22,050 shares issued; 17,403 and 15,528 shares outstanding as of December 29, 2024 and December 31, 2023 22 20
Preferred stock, $0.001 par value: 3,000 shares authorized; no shares issued and outstanding as of December 29, 2024 and December 31, 2023 0 0
Treasury stock 4,647 and 4,921 shares, at cost as of December 29, 2024 and December 31, 2023 (164,937) (174,702)
Paid-in capital 233,667 229,680
Accumulated other comprehensive loss, net of tax (62) (22)
Accumulated deficit (152,959) (75,418)
Total stockholders' equity (deficit) (84,269) (20,442)
Total liabilities and stockholders' equity (deficit) $ 641,314 $ 741,934