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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 26, 2021
Dec. 26, 2020
Current assets:    
Cash and cash equivalents $ 147,257 $ 172,611
Restricted cash 159 15,827
Accounts and notes receivable, net 106,846 84,805
Inventory 41,899 43,039
Prepaid and other assets 28,166 25,070
Income tax receivable 1,038 3,055
Advertising fund assets, restricted 40,084 29,276
Assets held for sale 990 0
Total current assets 366,439 373,683
Notes receivable, net 3,594 3,828
Property and equipment, net 938,194 827,392
Operating lease right-of-use assets 906,066 884,927
Deferred commissions 9,508 8,661
Intangibles, net 827,357 829,308
Goodwill 1,768,244 1,727,351
Total assets 4,819,402 4,655,150
Current liabilities:    
Accounts payable 79,238 67,802
Accrued expenses and other liabilities 198,939 190,867
Income tax payable 3,644 3,513
Current portion of long term debt 17,793 22,988
Advertising fund liabilities 32,047 20,276
Total current liabilities 331,661 305,446
Long-term debt, net 1,503,957 2,102,219
Deferred tax liability 253,507 249,043
Operating lease liabilities 844,809 818,001
Income tax receivable liability 155,970 0
Deferred revenue 23,837 20,757
Long-term accrued expenses and other liabilities 33,719 53,324
Total liabilities 3,147,460 3,548,790
Common stock [1] 1,674 565
Additional paid-in capital 1,603,095 1,055,172
Retained earnings 47,240 31,975
Accumulated other comprehensive income 18,854 16,528
Total shareholders’ equity attributable to Driven Brands Holdings Inc. 1,670,863 1,104,240
Non-controlling interests 1,079 2,120
Total shareholders' equity 1,671,942 1,106,360
Total liabilities and shareholders' equity $ 4,819,402 $ 4,655,150
[1] Common stock at December 26, 2020 has been adjusted to reflect an implied 88,990-for-one stock split that became effective on January 14, 2021. See Note 1 for additional information.