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Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 02, 2023
Jan. 01, 2023
ASSETS    
Cash and cash equivalents $ 4,881 $ 18,364
Trade and other receivables 24,515 19,933
Inventories 12,938 14,417
Prepaid expenses and other current assets 18,179 15,562
Total current assets 60,513 68,276
Property and equipment, net 305,224 312,346
Franchise rights, net 309,075 312,804
Goodwill 107,751 107,751
Franchise agreements, net 27,619 28,256
Operating leases 761,754 763,935
Other assets 12,245 14,350
Total assets 1,584,181 1,607,718
LIABILITIES AND STOCKHOLDERS' EQUITY    
Current portion of long-term debt and finance lease liabilities (Notes 6 and 7) 7,368 7,341
Current portion of operating lease liabilities (Note 6) 47,948 47,408
Accounts payable 31,533 30,491
Accrued interest 5,074 9,643
Accrued payroll, related taxes and benefits 37,173 49,934
Accrued real estate taxes 6,782 8,896
Other liabilities 37,639 25,687
Total current liabilities 173,517 179,400
Long-term debt and finance lease liabilities, net of current portion 465,735 479,756
Operating lease liabilities 774,927 776,465
Deferred income taxes, net 8,546 7,665
Other liabilities 10,085 13,590
Total liabilities 1,432,810 1,456,876
Commitments and contingencies
Stockholders' equity:    
Preferred stock, par value $.01 0 0
Voting common stock, par value $.01 538 530
Additional paid-in capital 293,797 292,708
Accumulated deficit (136,104) (136,968)
Accumulated other comprehensive income 7,565 8,702
Treasury stock, at cost (14,425) (14,130)
Total stockholders' equity 151,371 150,842
Total liabilities and stockholders' equity $ 1,584,181 $ 1,607,718