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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 294,738 $ 361,412
Receivables, net of allowance of $4,490 (2022) and $4,959 (2021) 94,009 119,968
Restricted cash 47,168 47,541
Prepaid gift card costs 23,981 28,175
Prepaid income taxes 6,867 10,529
Other current assets 10,092 6,728
Total current assets 476,855 574,353
Other intangible assets, net 536,812 539,390
Operating lease right-of-use assets 329,895 335,428
Goodwill 251,628 251,628
Property and equipment, net 175,515 179,411
Long-term receivables, net of allowance of $6,319 (2022) and $6,897 (2021) 42,651 42,493
Deferred rent receivable 48,280 50,257
Non-current restricted cash 16,400 16,400
Other non-current assets, net 10,247 10,006
Total assets 1,888,283 1,999,366
Current liabilities:    
Accounts payable 38,421 55,956
Gift card liability 137,123 165,530
Current maturities of operating lease obligations 72,451 72,079
Current maturities of finance lease and financing obligations 10,692 10,693
Accrued employee compensation and benefits 14,240 40,785
Accrued advertising 40,681 33,752
Dividends payable 0 6,919
Deferred franchise revenue, short-term 7,028 7,246
Other accrued expenses 14,134 17,770
Total current liabilities 334,770 410,730
Long-term debt 1,280,182 1,279,623
Operating lease obligations, less current maturities 313,634 320,848
Finance lease obligations, less current maturities 61,223 59,625
Financing obligations, less current maturities 30,147 31,967
Deferred income taxes, net 73,634 76,228
Deferred franchise revenue, long-term 45,141 46,100
Other non-current liabilities 14,724 17,052
Total liabilities 2,153,455 2,242,173
Commitments and contingencies
Stockholders’ deficit:    
Preferred stock, $1 par value, 10,000,000 shares authorized; no shares issued or outstanding 0 0
Common stock, $0.01 par value; shares: 40,000,000 authorized; March 31, 2022 - 24,991,163 issued, 16,746,028 outstanding; December 31, 2021 - 24,992,275 issued, 17,163,946 outstanding 250 250
Additional paid-in-capital 250,150 256,189
Retained earnings 52,516 35,415
Accumulated other comprehensive loss (60) (59)
Treasury stock, at cost; shares: March 31, 2022 - 8,245,135; December 31, 2021 - 7,828,329 (568,028) (534,602)
Total stockholders’ deficit (265,172) (242,807)
Total liabilities and stockholders’ deficit $ 1,888,283 $ 1,999,366