Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Apr. 19, 2026
Dec. 28, 2025
Current assets:    
Cash and cash equivalents $ 24,275 $ 19,924
Accounts receivable, net 13,401 19,441
Inventories 24,945 25,729
Prepaid expenses and other current assets 13,813 14,234
Restricted cash 9,647 9,615
Total current assets 86,081 88,943
Property and equipment, net 150,145 158,105
Operating lease assets, net 288,279 295,996
Intangible assets, net 8,650 9,155
Assets held for sale 2,263 2,263
Other assets, net 8,427 9,065
Total assets 543,845 563,527
Current liabilities:    
Accounts payable 30,860 31,391
Accrued payroll and payroll-related liabilities 39,076 44,039
Unearned revenue 16,838 27,287
Current portion of operating lease liabilities 49,949 49,111
Accrued liabilities and other 47,964 46,801
Total current liabilities 184,687 198,629
Long-term debt 171,149 164,741
Long-term portion of operating lease liabilities 288,160 300,055
Other non-current liabilities 6,504 6,450
Total liabilities 650,500 669,875
Commitments and contingencies (see Note 8.)
Stockholders' equity (deficit):    
Common stock, $0.001 par value: 45,000 shares authorized; 22,050 shares issued; 18,252 and 18,009 shares outstanding as of April 19, 2026 and December 28, 2025 22 22
Preferred stock, $0.001 par value: 3,000 shares authorized; no shares issued and outstanding as of April 19, 2026 and December 28, 2025 0 0
Treasury stock: 3,798 and 4,041 shares, at cost, as of April 19, 2026 and December 28, 2025 (134,573) (143,247)
Paid-in capital 206,377 213,180
Accumulated other comprehensive income (loss), net of tax (60) (60)
Retained earnings (accumulated deficit) (178,421) (176,243)
Total stockholders' equity (deficit) (106,655) (106,348)
Total liabilities and stockholders' equity (deficit) $ 543,845 $ 563,527