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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 27, 2022
Dec. 26, 2021
Current assets    
Cash $ 28,973 $ 56,656
Restricted cash 33,043 24,740
Accounts receivable, net of allowance for doubtful accounts of $3,328 and $4,016 as of March 27, 2022 and December 26, 2021, respectively 17,966 19,555
Trade and other notes receivable, net of allowance for doubtful accounts of $129 as of both March 27, 2022 and December 26, 2021 238 231
Assets classified as held for sale 5,337 5,476
Other current assets 11,647 11,853
Total current assets 97,204 118,511
Noncurrent restricted cash 18,525 18,525
Notes receivable – noncurrent, net of allowance for doubtful accounts of $271, as of both March 27, 2022 and December 26, 2021 3,431 3,493
Operating lease right of use assets 96,813 98,552
Goodwill 295,343 295,128
Other intangible assets, net 648,888 652,788
Property and equipment, net 81,399 80,501
Other assets 3,205 2,534
Total assets 1,244,808 1,270,032
Current liabilities    
Accounts payable 23,495 27,527
Accrued expenses and other liabilities 42,651 46,295
Deferred income, current portion 2,827 2,636
Accrued advertising 12,312 10,853
Accrued interest payable 12,614 10,678
Dividend payable on preferred shares 1,565 1,574
Liabilities related to assets classified as held for sale 4,647 4,780
Current portion of operating lease liability 14,394 14,341
Redeemable preferred stock 135,000 67,500
Current portion of long-term debt 851 631
Current portion of acquisition purchase price payable 1,197 1,173
Other 10,390 10,500
Total current liabilities 261,943 198,488
Deferred income, net of current portion 18,755 17,662
Deferred income tax liabilities, net 16,210 12,921
Operating lease liability, net of current portion 91,576 92,920
Long-term debt, net of current portion 907,068 904,265
Other liabilities 362 976
Total liabilities 1,295,914 1,227,232
Commitments and contingencies (Note 16)
Redeemable preferred stock 0 64,455
Stockholders’ deficit    
Preferred stock, $0.0001 par value; 15,000,000 shares authorized; 3,221,471 shares issued and outstanding at March 27, 2022 and December 26, 2021, respectively; liquidation preference $25 per share 49,920 55,661
Class A common stock and Class B common stock and additional paid-in capital as of March 27, 2022: $0.0001 par value per share: 51,600,000 shares authorized (Class A 50,000,000, Class B 1,600,000); 16,402,402 shares issued and outstanding (Class A 15,131,597, Class B 1,270,805). Common stock and additional paid-in capital as of December 26, 2021: $0.0001 par value; 51,600,000 shares authorized; 16,380,552 shares issued and outstanding (Class A 15,109,747, Class B 1,270,805). (24,792) (24,837)
Accumulated deficit (76,234) (52,479)
Total stockholders’ deficit (51,106) (21,655)
Total liabilities and stockholders’ deficit $ 1,244,808 $ 1,270,032