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
Jun. 28, 2020
Dec. 29, 2019
CURRENT ASSETS    
Cash and cash equivalents $ 67,237 $ 10,074
Accounts receivable 1,223 1,426
Lease incentives receivable 400 250
Income tax receivable 523 0
Inventories 1,538 1,657
Prepaid expenses and other current assets 5,440 3,376
Total current assets 76,361 16,783
Property and equipment, net 193,285 210,750
Operating lease assets 160,996 169,299
Deferred tax asset 8,455 2,601
Other assets and intangible assets, net 1,015 667
Tradename 21,900 21,900
Goodwill 24,069 24,069
Total assets 486,081 446,069
CURRENT LIABILITIES    
Accounts payable 5,622 4,253
Accrued liabilities 20,725 21,107
Operating lease liabilities 14,891 10,307
Income tax payable 0 532
Total current liabilities 41,238 36,199
Operating lease liabilities, less current portion 209,076 214,541
Other liabilities 652 393
Total liabilities 250,966 251,133
Commitments and contingencies
Stockholders’ equity    
Common stock, $0.01 par value; 60,000,000 shares authorized; 19,689,892 shares issued and outstanding at June 28, 2020 and 16,636,464 shares issued and outstanding at December 29, 2019 197 166
Preferred stock, $0.01 par value; 15,000,000 shares authorized and no shares issued or outstanding at June 28, 2020 and December 29, 2019 0 0
Paid-in capital 142,762 94,712
Retained earnings 92,156 100,058
Total stockholders’ equity 235,115 194,936
Total liabilities and stockholders’ equity $ 486,081 $ 446,069