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
Sep. 29, 2019
Dec. 30, 2018
CURRENT ASSETS    
Cash and cash equivalents $ 10,476 $ 8,199
Accounts receivable 1,199 2,054
Lease incentives receivable 358 1,597
Income tax receivable 0 603
Inventories 1,635 1,541
Prepaid expenses and other current assets 6,823 3,736
Total current assets 20,491 17,730
Property and equipment, net 210,557 210,960
Operating lease assets 170,618 0
Other assets and intangible assets, net 700 2,425
Tradename 21,900 21,900
Goodwill 24,069 24,069
Total assets 448,335 277,084
CURRENT LIABILITIES    
Accounts payable 4,763 6,463
Accrued liabilities 22,564 17,221
Operating lease liabilities 9,705 0
Deferred lease incentives 0 2,959
Total current liabilities 37,032 26,643
Deferred tax liability, net 0 2,601
Operating lease liabilities, less current portion 216,010 0
Accrued deferred rent 0 14,516
Deferred lease incentives, less current portion 0 39,473
Total liabilities 253,042 83,233
Commitments and contingencies
Stockholders’ equity    
Common stock, $0.01 par value; 60,000,000 shares authorized; 16,614,644 shares issued and outstanding at September 29, 2019 and 16,856,373 shares issued and outstanding at December 30, 2018 166 169
Preferred stock, $0.01 par value; 15,000,000 shares authorized and no shares issued or outstanding at September 29, 2019 and December 30, 2018 0 0
Paid-in capital 93,639 99,490
Retained earnings 101,488 94,192
Total stockholders’ equity 195,293 193,851
Total liabilities and stockholders’ equity $ 448,335 $ 277,084