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. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 56,367 $ 67,774
Accounts receivable 2,168 1,925
Lease incentives receivable 2,359 1,359
Inventories 1,750 1,805
Prepaid expenses and other current assets 7,693 7,507
Total current assets 70,337 80,370
Property and equipment, net 207,865 201,928
Operating lease assets 139,718 140,138
Deferred tax asset, net 3,281 3,415
Other assets and intangible assets, net 5,944 4,814
Tradename 21,900 21,900
Goodwill 24,069 24,069
Total assets 473,114 476,634
Current liabilities:    
Accounts payable 6,479 5,561
Accrued liabilities 24,214 29,914
Operating lease liabilities 13,260 12,988
Income tax payable 893 303
Total current liabilities 44,846 48,766
Operating lease liabilities, less current portion 174,156 174,236
Other liabilities 4,931 3,785
Total liabilities 223,933 226,787
Contingencies
Stockholders’ equity:    
Common stock, $0.01 par value; 60,000,000 shares authorized; 17,230,087 shares issued and outstanding at March 31, 2024 and 17,335,062 shares issued and outstanding at December 31, 2023 172 173
Preferred stock, $0.01 par value; 15,000,000 shares authorized and no shares issued or outstanding at March 31, 2024 and December 31, 2023 0 0
Paid-in capital 62,788 70,369
Retained earnings 186,221 179,305
Total stockholders’ equity 249,181 249,847
Total liabilities and stockholders’ equity $ 473,114 $ 476,634