XML 11 R2.htm IDEA: XBRL DOCUMENT v3.23.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 29, 2023
Dec. 28, 2022
Current assets:    
Cash and cash equivalents $ 4,789 $ 20,493
Accounts and other receivables, net 12,303 10,084
Inventories 2,107 2,442
Prepaid expenses and other current assets 4,735 3,662
Income tax receivable   768
Total current assets 23,934 37,449
Property and equipment, net 80,326 78,644
Property and equipment held under finance lease, net 1,500 1,532
Property and equipment held under operating leases, net ("ROU asset") 170,762 165,584
Goodwill 248,674 248,674
Trademarks 61,888 61,888
Deferred tax assets 313 512
Other assets 2,928 2,935
Total assets 590,325 597,218
Current liabilities:    
Current portion of obligations under finance leases 110 110
Current portion of obligations under operating leases 19,592 19,995
Accounts payable 11,706 12,741
Accrued salaries and vacation 7,139 8,873
Accrued insurance 11,293 11,120
Accrued income taxes payable 374  
Accrued interest 350 291
Current portion of income tax receivable agreement payable 269 263
Other accrued expenses and current liabilities 13,252 15,120
Total current liabilities 64,085 68,513
Revolver loan 58,000 66,000
Obligations under finance leases, net of current portion 1,598 1,626
Obligations under operating leases, net of current portion 170,779 165,149
Deferred taxes 9,105 8,517
Income tax receivable agreement payable, net of current portion 282 409
Other noncurrent liabilities 5,932 5,856
Total liabilities 309,781 316,070
Commitments and contingencies (Note 7)
Stockholders' equity    
Preferred stock, $0.01 par value, 100,000,000 shares authorized; none issued or outstanding
Common stock, $0.01 par value, 200,000,000 shares authorized; 36,450,477 and 37,008,061 shares issued and outstanding as March 29, 2023 and December 28, 2022, respectively 364 370
Additional paid-in-capital 286,791 292,244
Accumulated deficit (6,674) (11,592)
Accumulated other comprehensive income 63 126
Total stockholders' equity 280,544 281,148
Total liabilities and stockholders' equity $ 590,325 $ 597,218