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. 27, 2016
Dec. 27, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 4,824 $ 8,529
Accounts receivable 1,103 1,118
Lease incentives receivable 3,750 2,756
Inventories 1,078 1,194
Prepaid expenses and other current assets 3,932 2,639
Total current assets 14,687 16,236
Property and equipment, net 144,054 136,493
Other assets and intangible assets, net 1,811 1,763
Tradename 21,900 21,900
Goodwill 24,069 24,069
Total assets 206,521 200,461
CURRENT LIABILITIES    
Accounts payable 6,679 7,294
Accrued liabilities 12,629 14,874
Deferred lease incentives 1,976 1,853
Total current liabilities 21,284 24,021
Deferred tax liability, net 11,987 10,281
Accrued deferred rent 7,532 6,908
Deferred lease incentives, less current portion 27,677 26,194
Total liabilities $ 68,480 $ 67,404
Commitments and contingencies
Stockholders’ equity    
Common stock, $0.01 par value; 60,000,000 shares authorized; 16,538,529 shares issued and outstanding at March 27, 2016 and 16,490,600 shares issued and outstanding at December 27, 2015 $ 165 $ 165
Preferred stock, $0.01 par value; 15,000,000 shares authorized and no shares issued or outstanding at March 27, 2016 and December 27, 2015 0 0
Paid-in capital 90,891 90,439
Retained earnings 46,985 42,453
Total stockholders’ equity 138,041 133,057
Total liabilities and stockholders’ equity $ 206,521 $ 200,461