XML 11 R2.htm IDEA: XBRL DOCUMENT v3.23.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 27, 2023
Dec. 28, 2022
Current assets:    
Cash and cash equivalents $ 13,815 $ 20,493
Accounts and other receivables, net 9,622 10,084
Inventories 2,039 2,442
Prepaid expenses and other current assets 3,653 3,662
Income tax receivable   768
Total current assets 29,129 37,449
Property and equipment, net 82,187 78,644
Property and equipment held under finance lease, net 1,434 1,532
Property and equipment held under operating leases, net ("ROU asset") 166,697 165,584
Goodwill 248,674 248,674
Trademarks 61,888 61,888
Deferred tax assets   512
Other assets 3,019 2,935
Total assets 593,028 597,218
Current liabilities:    
Current portion of obligations under finance leases 111 110
Current portion of obligations under operating leases 19,425 19,995
Accounts payable 10,087 12,741
Accrued salaries and vacation 7,253 8,873
Accrued insurance 11,557 11,120
Accrued income taxes payable 5,622  
Accrued interest 246 291
Current portion of income tax receivable agreement payable 323 263
Other accrued expenses and current liabilities 14,975 15,120
Total current liabilities 69,599 68,513
Revolver loan 80,000 66,000
Obligations under finance leases, net of current portion 1,542 1,626
Obligations under operating leases, net of current portion 166,864 165,149
Deferred taxes 9,270 8,517
Income tax receivable agreement payable, net of current portion 454 409
Other noncurrent liabilities 6,627 5,856
Total liabilities 334,356 316,070
Commitments and contingencies (Note 7)
Stockholders' equity    
Preferred stock, $0.01 par value, 100,000,000 shares authorized; 100,000 shares designated as Series A Preferred Stock; none issued or outstanding
Common stock, $0.01 par value, 200,000,000 shares authorized; 32,957,470 and 37,008,061 shares issued and outstanding as of September 27, 2023 and December 28, 2022, respectively 329 370
Additional paid-in-capital 248,732 292,244
Retained earnings (accumulated deficit) 9,611 (11,592)
Accumulated other comprehensive income   126
Total stockholders' equity 258,672 281,148
Total liabilities and stockholders' equity $ 593,028 $ 597,218