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. 26, 2017
Dec. 25, 2016
CURRENT ASSETS    
Cash and cash equivalents $ 14,182 $ 13,694
Accounts receivable 1,097 1,132
Lease incentives receivable 5,277 4,022
Inventories 1,201 1,451
Income tax receivable 1,442 2,183
Prepaid expenses and other current assets 5,190 5,207
Total current assets 28,389 27,689
Property and equipment, net 170,929 165,150
Other assets and intangible assets, net 2,009 1,920
Tradename 21,900 21,900
Goodwill 24,069 24,069
Total assets 247,296 240,728
CURRENT LIABILITIES    
Accounts payable 8,622 8,014
Accrued liabilities 16,022 17,757
Deferred lease incentives 2,411 2,335
Total current liabilities 27,055 28,106
Deferred tax liability, net 14,905 13,769
Accrued deferred rent 9,693 9,169
Incentive from Lessor 33,775 32,619
Total liabilities 85,428 83,663
Commitments and contingencies
Stockholders’ equity    
Common stock, $0.01 par value; 60,000,000 shares authorized; 16,895,025 shares issued and outstanding at March 26, 2017 and 16,839,348 shares issued and outstanding at December 25, 2016 169 168
Preferred stock, $0.01 par value; 15,000,000 shares authorized and no shares issued or outstanding at March 26, 2017 and December 25, 2016 0 0
Paid-in capital 97,452 97,200
Retained earnings 64,247 59,697
Total stockholders’ equity 161,868 157,065
Total liabilities and stockholders’ equity $ 247,296 $ 240,728