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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Mar. 31, 2019
Current assets:      
Cash and cash equivalents $ 344,560 $ 116,043  
Receivables, gross 85,321 140,007  
Less: allowance for credit losses (4,906) (3,138)  
Receivables, net 80,415 136,869  
Restricted cash 34,159 40,732  
Prepaid gift card costs 27,563 36,077  
Prepaid income taxes 7,039 13,290  
Other current assets 6,254 3,906  
Total current assets 499,990 346,917  
Other intangible assets, net 572,449 575,103  
Operating lease right-of-use assets 364,875 366,931  
Goodwill 343,862 343,862  
Property and equipment, net 211,835 216,420  
Long-term receivables, gross 90,123 94,154  
Less: allowance for credit losses (8,375) (8,155)  
Long-term receivables, net 81,748 85,999  
Deferred rent receivable 68,759 70,308  
Non-current restricted cash 16,400 15,700  
Other non-current assets, net 25,552 28,271  
Total assets 2,185,470 2,049,511  
Current liabilities:      
Accounts payable 25,389 40,925  
Gift card liability 120,187 159,019  
Current maturities of operating lease obligations 72,508 72,815  
Current maturities of finance lease and financing obligations 13,502 13,669  
Accrued employee compensation and benefits 11,714 23,904  
Dividends payable 12,739 11,702  
Deferred franchise revenue, short-term 9,567 10,086  
Other accrued expenses 24,972 25,792  
Total current liabilities 290,578 357,912  
Long-term debt 1,506,203 1,288,248  
Operating lease obligations, less current maturities 355,160 359,025  
Finance lease obligations, less current maturities 74,498 77,393  
Financing obligations, less current maturities 35,944 37,682  
Deferred income taxes, net 87,851 98,499  
Deferred franchise revenue, long-term 56,046 56,944  
Other non-current liabilities 15,567 15,582  
Total liabilities 2,421,847 2,291,285  
Commitments and contingencies  
Preferred Stock, Value, Issued 0   $ 0
Stockholders’ deficit:      
Common stock, $0.01 par value; shares: 40,000,000 authorized; March 31, 2020 - 24,917,498 issued, 16,421,273 outstanding; December 31, 2019 - 24,925,447 issued, 16,521,921 outstanding 249 249  
Additional paid-in-capital 252,443 246,192  
Retained earnings 70,769 61,653  
Accumulated other comprehensive loss (58) (58)  
Treasury stock, at cost; shares: March 31, 2020 - 8,496,225; December 31, 2019 - 8,403,526 (559,780) (549,810)  
Total stockholders’ deficit (236,377) (241,774) $ (190,821)
Total liabilities and stockholders’ deficit $ 2,185,470 $ 2,049,511