Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Balance Sheets

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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
CURRENT ASSETS    
Cash and cash equivalents $ 10,813 $ 8,785
Accounts receivable 950 2,696
Lease incentives receivable 832 6,351
Income tax receivable 1,306 1,225
Inventories 1,483 1,605
Prepaid expenses and other current assets 6,366 5,924
Total current assets 21,750 26,586
Property and equipment, net 205,112 197,255
Other assets and intangible assets, net 2,249 2,157
Tradename 21,900 21,900
Goodwill 24,069 24,069
Total assets 275,080 271,967
CURRENT LIABILITIES    
Accounts payable 4,236 6,396
Accrued liabilities 18,076 16,488
Deferred lease incentives 2,860 2,773
Total current liabilities 25,172 25,657
Deferred tax liability, net 5,591 6,438
Accrued deferred rent 13,989 11,764
Deferred lease incentives, less current portion 38,675 39,146
Total liabilities 83,427 83,005
Commitments and contingencies
Stockholders’ equity    
Common stock, $0.01 par value; 60,000,000 shares authorized; 16,950,379 shares issued and outstanding at September 30, 2018 and 16,923,741 shares issued and outstanding at December 31, 2017 170 169
Preferred stock, $0.01 par value; 15,000,000 shares authorized and no shares issued or outstanding at September 30, 2018 and December 31, 2017 0 0
Paid-in capital 100,701 100,140
Retained earnings 90,782 88,653
Total stockholders’ equity 191,653 188,962
Total liabilities and stockholders’ equity $ 275,080 $ 271,967