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Consolidated balance sheets - USD ($)
$ in Thousands
Jun. 27, 2020
Mar. 28, 2020
Jun. 29, 2019
Current assets:      
Cash $ 63,508 $ 67,755 $ 11,404
Accounts receivable, net 25,369 24,721 27,821
Inventory 109,182 124,207 120,512
Prepaid expenses 8,632 8,852 11,129
Income taxes receivable 3,391 4,724 1,124
Other current assets 14,235 11,907 11,867
Total current assets 224,317 242,166 183,857
Noncurrent assets:      
Property and equipment, net 141,504 147,540 152,448
Noncurrent operating lease assets 311,911 347,170 353,490
Goodwill 202,815 202,815 202,815
Trade names 225,100 222,769 225,182
Deferred financing costs, net 153 170 223
Noncurrent deferred tax assets, net 2,411 2,311 1,898
Other assets 2,250 1,873 1,607
Total noncurrent assets 886,144 924,648 937,663
Total assets 1,110,461 1,166,814 1,121,520
Current liabilities:      
Accounts payable 51,656 53,647 55,387
Accrued liabilities 75,962 66,046 68,507
Revolving lines of credit 5,533 9,050 9,951
Current portion of long-term debt 6,952 6,952 6,931
Current operating lease liabilities 53,165 62,476 58,664
Income taxes payable 198   2,011
Total current liabilities 193,466 198,171 201,451
Noncurrent liabilities:      
Long-term debt 296,209 317,485 272,556
Noncurrent operating lease liabilities 301,399 317,284 327,221
Noncurrent deferred tax liabilities, net 45,053 50,178 50,182
Other long-term liabilities 11,304 11,988 8,903
Total noncurrent liabilities 653,965 696,935 658,862
Total liabilities 847,431 895,106 860,313
Commitments and contingencies (Note 6)
Shareholders' equity:      
Common stock, $0.01 par value, 250,000,000 shares authorized; 48,491,369 shares issued at June 27, 2020; 48,316,559 shares issued at March 28, 2020; 48,283,197 shares issued at June 29, 2019 485 483 483
Additional paid-in capital 867,332 866,667 864,386
Accumulated other comprehensive loss (28,970) (36,295) (25,929)
Retained deficit (575,817) (559,147) (577,733)
Total shareholders' equity 263,030 271,708 261,207
Total liabilities and shareholders' equity $ 1,110,461 $ 1,166,814 $ 1,121,520