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Consolidated Balance Sheets (Unaudited) - USD ($)
shares in Millions, $ in Millions
Sep. 25, 2024
Jun. 26, 2024
Current assets    
Cash and cash equivalents $ 16.2 $ 64.6
Accounts receivable, net 54.1 60.6
Inventories 31.2 34.5
Restaurant supplies 54.2 53.8
Prepaid expenses 27.9 20.6
Total current assets 183.6 234.1
Property and equipment, at cost    
Land 41.7 41.6
Buildings and leasehold improvements 1,694.2 1,670.2
Furniture and equipment 835.3 830.6
Construction-in-progress 27.9 41.0
Gross property and equipment 2,599.1 2,583.4
Less accumulated depreciation and amortization (1,717.0) (1,703.7)
Net property and equipment 882.1 879.7
Other assets    
Operating lease assets 1,084.8 1,095.2
Goodwill 194.9 194.8
Deferred income taxes, net 112.1 113.9
Intangibles, net 19.3 19.9
Other 56.3 55.5
Total other assets 1,467.4 1,479.3
Total assets 2,533.1 2,593.1
Current liabilities    
Accounts payable 152.1 160.6
Gift card liability 56.6 64.8
Accrued payroll 97.7 130.8
Operating lease liabilities 114.5 114.1
Other accrued liabilities 149.0 144.7
Income taxes payable 7.6 7.3
Total current liabilities 577.5 622.3
Long-term debt and finance leases, less current installments 806.9 786.3
Long-term operating lease liabilities, less current portion 1,073.0 1,084.5
Other liabilities 63.0 60.6
Commitments and contingencies (Note 7)
Shareholders’ equity    
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 44.4 45.0
Common stock (250.0 million authorized shares; $0.10 par value; 60.3 million shares issued and 44.4 million shares outstanding at September 25, 2024, and 60.3 million shares issued and 45.0 million shares outstanding at June 26, 2024) $ 6.0 $ 6.0
Additional paid-in capital 697.9 707.8
Accumulated other comprehensive loss (6.2) (6.3)
Accumulated deficit $ (158.1) $ (196.6)
Treasury stock, shares 15.9 15.3
Treasury stock, at cost (15.9 million shares at September 25, 2024, and 15.3 million shares at June 26, 2024) $ (526.9) $ (471.5)
Total shareholders’ equity 12.7 39.4
Total liabilities and shareholders’ equity $ 2,533.1 $ 2,593.1