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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 04, 2017
Jan. 03, 2017
Current assets:    
Cash and cash equivalents $ 3,248 $ 1,837
Accounts receivable 3,442 5,438
Inventories 9,730 11,285
Prepaid expenses and other assets 7,214 6,972
Income tax receivable 188 256
Total current assets 23,822 25,788
Property and equipment, net 169,695 173,533
Goodwill 6,400 6,400
Intangibles, net 1,627 1,715
Other assets, net 2,045 2,025
Total long-term assets 179,767 183,673
Total assets 203,589 209,461
Current liabilities:    
Accounts payable 11,017 10,601
Accrued payroll and benefits 7,262 10,723
Accrued expenses and other current liabilities 30,726 27,709
Total current liabilities 49,005 49,033
Long-term debt, net 52,800 84,676
Deferred rent 37,954 44,929
Deferred tax liabilities, net 626 435
Other long-term liabilities 18,006 4,570
Total liabilities 158,391 183,643
Stockholders’ equity:    
Preferred stock—$0.01 par value, authorized 1,000,000 shares as of September 27, 2016 and December 29, 2015; no shares issued or outstanding 0 0
Common stock—$0.01 par value, authorized 180,000,000 shares as of September 27, 2016 and December 29, 2015; 30,292,166 issued and 27,868,295 outstanding as of September 27, 2016 and 30,138,672 issued and 27,714,801 outstanding as of December 29, 2015 392 303
Treasury stock, at cost, 2,423,871 shares as of September 27, 2016 and December 29, 2015 (35,000) (35,000)
Additional paid-in capital 158,910 124,272
Accumulated other comprehensive loss (51) (51)
(Accumulated deficit) retained earnings (90,551) (63,706)
Total stockholders’ equity 33,700 25,818
Total liabilities and stockholders’ equity 203,589 209,461
Series A Convertible Preferred Stock    
Current liabilities:    
Convertible Series A preferred stock—$0.01 par value, 50,000 shares authorized and designated as of April 4, 2017; 18,500 shares issued and outstanding as of April 4, 2017 and zero shares designated, issued or outstanding as of January 3, 2017 $ 11,498 $ 0