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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 27, 2022
Jun. 27, 2021
Current assets:    
Cash and cash equivalents $ 172,977 $ 187,093
Accounts and notes receivable, net of allowance for doubtful accounts of $327 and $204, respectively 4,409 3,300
Inventories, net 10,056 8,310
Prepaid expenses and other current assets 11,668 8,056
Assets held-for-sale 14,506 686
Total current assets 213,616 207,445
Property and equipment, net 512,343 415,661
Internal use software, net 10,251 9,062
Property and equipment under capital leases, net 260,632 284,077
Intangible assets, net 93,192 96,057
Goodwill 738,787 726,156
Investment in joint venture 1,250 1,230
Other assets 41,491 42,550
Total assets 1,871,562 1,782,238
Current liabilities:    
Accounts payable 29,267 29,489
Accrued expenses 80,113 63,650
Current maturities of long-term debt 4,944 5,058
Other current liabilities 6,876 9,176
Total current liabilities 121,200 107,373
Long-term debt, net 868,370 870,528
Long-term obligations under capital leases 394,708 374,598
Earnout liability 204,416 0
Warrant liability 37,952 0
Other long-term liabilities 56,991 87,749
Deferred income tax liabilities 14,346 11,867
Total liabilities 1,697,983 1,452,115
Temporary Equity    
Series A preferred stock 200,489 141,162
Redeemable Class A common stock - Old Bowlero 0 464,827
Stockholders’ deficit:    
Class A common stock 11 10
Class B common stock 6 0
Additional paid-in capital 296,790 0
Treasury stock, at cost (1,026) 0
Accumulated deficit (319,794) (266,472)
Accumulated other comprehensive loss (2,897) (9,404)
Total stockholders’ deficit (26,910) (275,866)
Total liabilities, temporary equity and stockholders’ deficit $ 1,871,562 $ 1,782,238