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Consolidated Balance Sheets (Unaudited) - USD ($)
shares in Millions, $ in Millions
Dec. 23, 2020
Jun. 24, 2020
Current assets    
Cash and cash equivalents $ 64.1 $ 43.9
Accounts receivable, net 79.0 52.3
Inventories 26.8 27.3
Restaurant supplies 51.9 51.6
Prepaid expenses 11.8 13.9
Income taxes receivable, net 32.2 35.4
Total current assets 265.8 224.4
Property and equipment, at cost    
Land 33.1 34.2
Buildings and leasehold improvements 1,550.9 1,534.4
Furniture and equipment 793.4 785.7
Construction-in-progress 16.5 24.4
Gross property and equipment 2,393.9 2,378.7
Less accumulated depreciation and amortization (1,628.0) (1,573.4)
Net property and equipment 765.9 805.3
Other assets    
Operating lease assets 1,039.2 1,054.6
Goodwill 188.0 187.6
Deferred income taxes, net 53.5 38.2
Intangibles, net 22.0 23.0
Other 23.3 22.9
Total other assets 1,326.0 1,326.3
Total assets 2,357.7 2,356.0
Current liabilities    
Accounts payable 101.7 104.9
Gift card liability 129.9 109.9
Accrued payroll 60.4 65.2
Operating lease liabilities 111.4 117.3
Other accrued liabilities 116.9 100.6
Total current liabilities 520.3 497.9
Long-term debt and finance leases, less current installments 1,134.6 1,208.5
Long-term operating lease liabilities, less current portion 1,040.2 1,061.6
Other liabilities 106.7 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 45.4 45.0
Common stock (250.0 million authorized shares; $0.10 par value; 70.3 million shares issued and 45.4 million shares outstanding at December 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 667.4 669.4
Accumulated other comprehensive loss (5.4) (6.2)
Accumulated deficit $ (374.8) $ (397.5)
Treasury stock, shares 24.9 25.3
Treasury stock, at cost (24.9 million shares at December 23, 2020, and 25.3 million shares at June 24, 2020) $ (738.3) $ (751.8)
Total shareholders’ deficit (444.1) (479.1)
Total liabilities and shareholders’ deficit $ 2,357.7 $ 2,356.0