Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 25, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 67,774 $ 78,028
Accounts receivable 1,925 2,004
Lease incentives receivable 1,359 900
Inventories 1,805 2,069
Prepaid expenses and other current assets 7,507 4,817
Total current assets 80,370 87,818
Property and equipment, net 201,928 185,956
Operating lease assets 140,138 146,920
Deferred tax asset, net 3,415 4,958
Other assets and intangible assets, net 4,814 3,160
Trade name 21,900 21,900
Goodwill 24,069 24,069
Total assets 476,634 474,781
Current liabilities:    
Accounts payable 5,561 8,059
Accrued liabilities 29,914 23,321
Operating lease liabilities 12,988 12,499
Income tax payable 303 479
Total current liabilities 48,766 44,358
Operating lease liabilities, less current portion 174,236 183,670
Other liabilities 3,785 2,192
Total liabilities 226,787 230,220
Contingencies 0 0
Stockholders’ equity    
Common stock, $0.01 par value; 60,000,000 shares authorized; 17,335,062 shares issued and outstanding at December 31, 2023 and 17,998,170 shares issued and outstanding at December 25, 2022 173 180
Preferred stock, $0.01 par value; 15,000,000 shares authorized and no shares issued or outstanding at December 31, 2023 and December 25, 2022 0 0
Paid-in capital 70,369 96,586
Retained earnings 179,305 147,795
Total stockholders’ equity 249,847 244,561
Total liabilities and stockholders’ equity $ 476,634 $ 474,781