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
Mar. 31, 2019
Dec. 30, 2018
CURRENT ASSETS    
Cash and cash equivalents $ 7,345 $ 8,199
Accounts receivable 1,457 2,054
Lease incentives receivable 1,282 1,597
Income tax receivable 215 603
Inventories 1,581 1,541
Prepaid expenses and other current assets 5,590 3,736
Total current assets 17,470 17,730
Property and equipment, net 211,825 210,960
Operating lease assets 167,088 0
Other assets and intangible assets, net 341 2,425
Tradename 21,900 21,900
Goodwill 24,069 24,069
Total assets 442,693 277,084
CURRENT LIABILITIES    
Accounts payable 4,034 6,463
Accrued liabilities 19,164 17,221
Operating lease liabilities 9,106 0
Deferred lease incentives 0 2,959
Total current liabilities 32,304 26,643
Deferred tax liability, net 2,221 2,601
Operating lease liabilities, less current portion 213,245 0
Accrued deferred rent 0 14,516
Deferred lease incentives, less current portion 0 39,473
Total liabilities 247,770 83,233
Commitments and contingencies
Stockholders’ equity    
Common stock, $0.01 par value; 60,000,000 shares authorized; 16,860,639 shares issued and outstanding at March 31, 2019 and 16,856,373 shares issued and outstanding at December 30, 2018 169 169
Preferred stock, $0.01 par value; 15,000,000 shares authorized and no shares issued or outstanding at March 31, 2019 and December 30, 2018 0 0
Paid-in capital 97,694 99,490
Retained earnings 97,060 94,192
Total stockholders’ equity 194,923 193,851
Total liabilities and stockholders’ equity $ 442,693 $ 277,084