Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.8.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 25, 2016
CURRENT ASSETS    
Cash and cash equivalents $ 8,785 $ 13,694
Accounts receivable 2,696 1,132
Lease incentives receivable 6,351 4,022
Inventories 1,605 1,451
Income tax receivable 1,225 2,183
Prepaid expenses and other current assets 5,924 5,207
Total current assets 26,586 27,689
Property and equipment, net 197,255 165,150
Other assets and intangible assets, net 2,157 1,920
Trade name 21,900 21,900
Goodwill 24,069 24,069
Total assets 271,967 240,728
CURRENT LIABILITIES    
Accounts payable 6,396 8,014
Accrued liabilities 16,488 17,757
Deferred lease incentives 2,773 2,335
Total current liabilities 25,657 28,106
Deferred tax liability, net 6,438 13,769
Accrued deferred rent 11,764 9,169
Deferred lease incentives, less current portion 39,146 32,619
Total liabilities 83,005 83,663
Commitments and contingencies
Stockholders’ equity    
Common stock, $0.01 par value; 60,000,000 shares authorized; 16,923,741 shares issued and outstanding at December 31, 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 December 25, 2016 and December 27, 2015 0 0
Paid-in capital 100,140 97,200
Retained earnings 88,653 59,697
Total stockholders’ equity 188,962 157,065
Total liabilities and stockholders’ equity $ 271,967 $ 240,728