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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 24, 2023
Dec. 25, 2022
Current assets    
Cash $ 87,990 $ 28,668
Restricted cash 34,421 25,375
Accounts receivable, net of allowances of $11,720 and $24,207 as of September 24, 2023 and December 25, 2022, respectively 24,085 23,880
Inventory 6,835 6,925
Assets classified as held-for-sale 3,719 4,767
Other current assets 6,039 6,086
Total current assets 163,089 95,701
Non-current restricted cash 16,426 14,720
Operating lease right-of-use assets 100,228 101,114
Goodwill 293,282 293,282
Other intangible assets, net 615,146 625,294
Property and equipment, net 82,688 79,189
Other assets 4,691 4,003
Total assets 1,275,550 1,213,303
Current liabilities    
Accounts payable 18,417 18,328
Accrued expenses and other liabilities 53,169 52,800
Deferred income, current portion 2,165 2,019
Accrued advertising 12,021 14,819
Accrued interest payable 19,185 13,241
Dividend payable on preferred shares 1,302 1,467
Liabilities related to assets classified as held-for-sale 3,338 4,084
Operating lease liability, current portion 14,701 14,815
Redeemable preferred stock 91,836 91,836
Long-term debt, current portion 45,228 49,611
Acquisition purchase price payable 4,000 4,000
Total current liabilities 265,362 267,020
Deferred income, net of current portion 20,871 21,698
Deferred income tax liabilities, net 26,996 27,181
Operating lease liability, net of current portion 94,833 95,620
Long-term debt, net of current portion 1,093,790 958,630
Other liabilities 2,419 2,332
Total liabilities 1,504,271 1,372,481
Commitments and contingencies (Note 13)
Stockholders’ deficit    
Preferred stock, $0.0001 par value; 15,000,000 shares authorized; 3,460,252 shares issued and outstanding at September 24, 2023 and 3,252,154 shares issued and outstanding at December 25, 2022; liquidation preference $25 per share 43,798 45,504
Class A common stock and Class B common stock and additional paid-in capital as of September 24, 2023: $0.0001 par value per share; 51,600,000 shares authorized (Class A 50,000,000, Class B 1,600,000); 16,766,514 shares issued and outstanding (Class A 15,495,709, 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) (29,979) (26,015)
Accumulated deficit (242,540) (178,667)
Total stockholders’ deficit (228,721) (159,178)
Total liabilities and stockholders’ deficit $ 1,275,550 $ 1,213,303