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
Jul. 01, 2018
Dec. 31, 2017
CURRENT ASSETS    
Cash and cash equivalents $ 10,290 $ 8,785
Accounts receivable 1,027 2,696
Lease incentives receivable 2,158 6,351
Income tax receivable 755 1,225
Inventories 1,591 1,605
Prepaid expenses and other current assets 6,418 5,924
Total current assets 22,239 26,586
Property and equipment, net 213,102 197,255
Other assets and intangible assets, net 2,231 2,157
Tradename 21,900 21,900
Goodwill 24,069 24,069
Total assets 283,541 271,967
CURRENT LIABILITIES    
Accounts payable 7,086 6,396
Accrued liabilities 16,139 16,488
Deferred lease incentives 2,846 2,773
Total current liabilities 26,071 25,657
Deferred tax liability, net 6,715 6,438
Accrued deferred rent 13,336 11,764
Deferred lease incentives, less current portion 39,128 39,146
Total liabilities 85,250 83,005
Commitments and contingencies
Stockholders’ equity    
Common stock, $0.01 par value; 60,000,000 shares authorized; 16,946,362 shares issued and outstanding at July 1, 2018 and 16,923,741 shares issued and outstanding at December 31, 2017 169 169
Preferred stock, $0.01 par value; 15,000,000 shares authorized and no shares issued or outstanding at July 1, 2018 and December 31, 2017 0 0
Paid-in capital 99,830 100,140
Retained earnings 98,292 88,653
Total stockholders’ equity 198,291 188,962
Total liabilities and stockholders’ equity $ 283,541 $ 271,967