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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 25, 2023
Dec. 25, 2022
Current assets    
Cash $ 30,569 $ 28,668
Restricted cash 26,564 25,375
Accounts receivable, net of allowances of $11,814 and $24,207 as of June 25, 2023 and December 25, 2022, respectively 29,006 23,880
Inventory 6,254 6,925
Assets classified as held-for-sale 3,887 4,767
Other current assets 8,004 6,086
Total current assets 104,284 95,701
Non-current restricted cash 14,743 14,720
Operating lease right-of-use assets 101,587 101,114
Goodwill 293,282 293,282
Other intangible assets, net 617,755 625,294
Property and equipment, net 79,577 79,189
Other assets 4,613 4,003
Total assets 1,215,841 1,213,303
Current liabilities    
Accounts payable 16,303 18,328
Accrued expenses and other liabilities 51,156 52,800
Deferred income, current portion 1,862 2,019
Accrued advertising 14,032 14,819
Accrued interest payable 16,722 13,241
Dividend payable on preferred shares 1,278 1,467
Liabilities related to assets classified as held-for-sale 3,479 4,084
Operating lease liability, current portion 14,904 14,815
Redeemable preferred stock 91,836 91,836
Long-term debt, current portion 35,848 49,611
Acquisition purchase price payable 4,000 4,000
Total current liabilities 251,420 267,020
Deferred income, net of current portion 22,529 21,698
Deferred income tax liabilities, net 29,147 27,181
Operating lease liability, net of current portion 95,815 95,620
Long-term debt, net of current portion 1,018,494 958,630
Other liabilities 1,631 2,332
Total liabilities 1,419,036 1,372,481
Commitments and contingencies (Note 13)
Stockholders’ deficit    
Preferred stock, $0.0001 par value; 15,000,000 shares authorized; 3,338,573 shares issued and outstanding at June 25, 2023 and 3,252,154 shares issued and outstanding at December 25, 2022; liquidation preference $25 per share 43,566 45,504
Class A common stock and Class B common stock and additional paid-in capital as of June 25, 2023: $0.0001 par value per share; 51,600,000 shares authorized (Class A 50,000,000, Class B 1,600,000); 16,611,175 shares issued and outstanding (Class A 15,340,370, Class B 1,270,805). Common stock and additional paid-in capital as of December 25, 2022: $0.0001 par value; 51,600,000 shares authorized; 16,571,675 shares issued and outstanding (Class A 15,300,870, Class B 1,270,805) (28,877) (26,015)
Accumulated deficit (217,884) (178,667)
Total stockholders’ deficit (203,195) (159,178)
Total liabilities and stockholders’ deficit $ 1,215,841 $ 1,213,303