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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jan. 03, 2017
Dec. 29, 2015
Assets    
Cash and cash equivalents $ 1,837 $ 1,912
Accounts receivable 5,438 4,990
Inventories 11,285 10,494
Prepaid expenses and other assets 6,972 7,185
Income tax receivable 256 820
Total current assets 25,788 25,401
Property and equipment, net 173,533 203,713
Deferred tax assets, net 0 664
Goodwill 6,400 6,400
Intangibles, net 1,715 1,809
Other assets, net 2,025 1,974
Total long-term assets 183,673 214,560
Total assets 209,461 239,961
Current liabilities:    
Accounts payable 10,601 15,073
Accrued payroll and benefits 10,723 5,417
Accrued expenses and other current liabilities 27,709 12,424
Total current liabilities 49,033 32,914
Long-term debt 84,676 67,732
Deferred rent 44,929 39,597
Deferred tax liabilities, net 435 0
Other long-term liabilities 4,570 5,946
Total liabilities 183,643 146,189
Preferred stock—$0.01 par value, authorized 1,000,000 shares as of January 3, 2017 and December 29, 2015; no shares issued or outstanding 0 0
Stockholders’ equity:    
Common stock—$0.01 par value, authorized 180,000,000 shares as of January 3, 2017 and December 29, 2015; 30,300,925 issued and 27,877,054 outstanding as of January 3, 2017 and 30,138,672 issued and 27,714,801 outstanding as of December 29, 2015 303 301
Treasury stock, at cost, 2,423,871 shares as of January 3, 2017 and December 29, 2015, respectively (35,000) (35,000)
Additional paid-in capital 124,272 120,634
Accumulated other comprehensive loss (51) (134)
(Accumulated deficit) retained earnings (63,706) 7,971
Total stockholders’ equity 25,818 93,772
Total liabilities and stockholders’ equity $ 209,461 $ 239,961