Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 29, 2019
Dec. 30, 2018
CURRENT ASSETS    
Cash and cash equivalents $ 10,074 $ 8,199
Accounts receivable 1,426 2,054
Lease incentives receivable 250 1,597
Inventories 1,657 1,541
Income tax receivable 0 603
Prepaid expenses and other current assets 3,376 3,736
Total current assets 16,783 17,730
Property and equipment, net 210,750 210,960
Operating lease assets 169,299 0
Deferred tax asset, net 2,601 0
Other assets and intangible assets, net 667 2,425
Trade name 21,900 21,900
Goodwill 24,069 24,069
Total assets 446,069 277,084
CURRENT LIABILITIES    
Accounts payable 4,253 6,463
Accrued liabilities 21,107 17,126
Operating lease liabilities 10,307 0
Income tax payable 532 0
Deferred lease incentives 0 2,959
Total current liabilities 36,199 26,548
Deferred tax liability, net 0 2,601
Operating lease liabilities, less current portion 214,541 0
Other liabilities 393 95
Accrued deferred rent 0 14,516
Deferred lease incentives, less current portion 0 39,473
Total liabilities 251,133 83,233
Commitments and contingencies
Stockholders’ equity    
Common stock, $0.01 par value; 60,000,000 shares authorized; 16,636,464 shares issued and outstanding at December 29, 2019 and 16,856,373 shares issued and outstanding at December 30, 2018 166 169
Preferred stock, $0.01 par value; 15,000,000 shares authorized and no shares issued or outstanding at December 29, 2019 and December 30, 2018 0 0
Paid-in capital 94,712 99,490
Retained earnings 100,058 94,192
Total stockholders’ equity 194,936 193,851
Total liabilities and stockholders’ equity $ 446,069 $ 277,084