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Consolidated Balance Sheets (Unaudited) - USD ($)
shares in Millions, $ in Millions
Dec. 27, 2023
Jun. 28, 2023
Current assets    
Cash and cash equivalents $ 22.7 $ 15.1
Accounts receivable, net 79.4 60.9
Inventories 34.3 34.5
Restaurant supplies 55.1 55.6
Prepaid expenses 19.7 17.2
Income taxes receivable 0.1 0.0
Total current assets 211.3 183.3
Property and equipment, at cost    
Land 42.5 42.4
Buildings and leasehold improvements 1,665.9 1,635.7
Furniture and equipment 757.1 765.8
Construction-in-progress 33.5 30.1
Gross property and equipment 2,499.0 2,474.0
Less accumulated depreciation and amortization (1,680.2) (1,665.7)
Net property and equipment 818.8 808.3
Other assets    
Operating lease assets 1,099.9 1,134.9
Goodwill 195.0 195.0
Deferred income taxes, net 101.7 93.4
Intangibles, net 22.1 23.9
Other 61.9 48.2
Total other assets 1,480.6 1,495.4
Total assets 2,510.7 2,487.0
Current liabilities    
Accounts payable 148.9 125.7
Gift card liability 90.4 73.0
Accrued payroll 100.1 106.1
Operating lease liabilities 111.7 112.4
Other accrued liabilities 134.6 116.3
Income taxes payable 4.3 2.4
Total current liabilities 590.0 535.9
Long-term debt and finance leases, less current installments 882.4 912.2
Long-term operating lease liabilities, less current portion 1,087.6 1,125.8
Other liabilities 60.2 57.4
Commitments and contingencies (Note 7)
Shareholders’ deficit    
Common stock, shares authorized 250.0 250.0
Common stock, par value per share $ 0.10 $ 0.10
Common stock, shares issued 60.3 60.3
Common stock, shares outstanding 44.2 44.6
Common stock (250.0 million authorized shares; $0.10 par value; 60.3 million shares issued; and 44.2 million shares outstanding at December 27, 2023 and 44.6 million shares outstanding at June 28, 2023) $ 6.0 $ 6.0
Additional paid-in capital 687.0 690.0
Accumulated other comprehensive loss (6.0) (6.0)
Accumulated deficit $ (302.6) $ (351.9)
Treasury stock, shares 16.1 15.7
Treasury stock, at cost (16.1 million shares at December 27, 2023, and 15.7 million shares at June 28, 2023) $ (493.9) $ (482.4)
Total shareholders’ deficit (109.5) (144.3)
Total liabilities and shareholders’ deficit $ 2,510.7 $ 2,487.0