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Consolidated Balance Sheets (Unaudited) - USD ($)
shares in Millions, $ in Millions
Sep. 23, 2020
Jun. 24, 2020
Current assets    
Cash and cash equivalents $ 58.8 $ 43.9
Accounts receivable, net 56.8 52.3
Inventories 25.9 27.3
Restaurant supplies 51.6 51.6
Prepaid expenses 13.4 13.9
Income taxes receivable, net 33.1 35.4
Total current assets 239.6 224.4
Property and equipment, at cost    
Land 34.2 34.2
Buildings and leasehold improvements 1,544.7 1,534.4
Furniture and equipment 788.3 785.7
Construction-in-progress 18.3 24.4
Gross property and equipment 2,385.5 2,378.7
Less accumulated depreciation and amortization (1,603.5) (1,573.4)
Net property and equipment 782.0 805.3
Other assets    
Operating lease assets 1,041.3 1,054.6
Goodwill 187.7 187.6
Deferred income taxes, net 39.1 38.2
Intangibles, net 22.5 23.0
Other 23.1 22.9
Total other assets 1,313.7 1,326.3
Total assets 2,335.3 2,356.0
Current liabilities    
Accounts payable 99.4 104.9
Gift card liability 107.1 109.9
Accrued payroll 63.3 65.2
Operating lease liabilities 117.8 117.3
Other accrued liabilities 121.9 100.6
Total current liabilities 509.5 497.9
Long-term debt and finance leases, less current installments 1,158.3 1,208.5
Long-term operating lease liabilities, less current portion 1,045.2 1,061.6
Other liabilities 87.4 67.1
Commitments and contingencies (Note 14)
Shareholders’ deficit    
Common stock, shares authorized 250.0  
Common stock, par value per share $ 0.10  
Common stock, shares issued 70.3 70.3
Common stock, shares outstanding 45.3 45.0
Common stock (250.0 million authorized shares; $0.10 par value; 70.3 million shares issued and 45.3 million shares outstanding at September 23, 2020, and 70.3 million shares issued and 45.0 million shares outstanding at June 24, 2020) $ 7.0 $ 7.0
Additional paid-in capital 663.2 669.4
Accumulated other comprehensive loss (5.9) (6.2)
Accumulated deficit $ (386.8) $ (397.5)
Treasury stock, shares 25.0 25.3
Treasury stock, at cost (25.0 million shares at September 23, 2020, and 25.3 million shares at June 24, 2020) $ (742.6) $ (751.8)
Total shareholders’ deficit (465.1) (479.1)
Total liabilities and shareholders’ deficit $ 2,335.3 $ 2,356.0