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, unless otherwise specified
Jun. 29, 2014
Dec. 29, 2013
CURRENT ASSETS    
Cash and cash equivalents $ 4,439 $ 5,323
Accounts receivable 846 636
Lease incentives receivable 2,273 1,933
Inventories 850 705
Prepaid expenses and other current assets 2,354 1,826
Total current assets 10,762 10,423
Property and equipment, net 107,816 93,520
Other assets and intangible assets, net 1,410 1,250
Tradename 21,900 21,900
Goodwill 24,069 24,069
Total assets 165,957 151,162
CURRENT LIABILITIES    
Accounts payable 5,802 4,620
Accrued liabilities 9,758 9,903
Deferred lease incentives 1,335 1,335
Current deferred tax liability 89 89
Total current liabilities 16,984 15,947
Deferred tax liability 5,635 4,058
Accrued deferred rent 4,342 3,502
Deferred lease incentives, less current portion 19,526 17,167
Long-term debt 7,500 6,000
Total liabilities 53,987 46,674
Commitments and contingencies      
Stockholders’ equity    
Common stock, $0.01 par value; 60,000,000 shares authorized; 16,435,687 shares issued and outstanding at June 29, 2014 and 16,385,683 shares issued and outstanding at December 29, 2013 164 164
Preferred stock, $0.01 par value; 15,000,000 shares authorized and no shares issued or outstanding at June 29, 2014 and December 29, 2013 0 0
Paid-in capital 87,662 86,258
Retained earnings 24,144 18,066
Total stockholders’ equity 111,970 104,488
Total liabilities and stockholders’ equity $ 165,957 $ 151,162