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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Oct. 03, 2017
Jan. 03, 2017
Current assets:    
Cash and cash equivalents $ 2,088 $ 1,837
Accounts receivable 2,268 5,438
Inventories 9,965 11,285
Prepaid expenses and other assets 7,338 6,972
Income tax receivable 98 256
Total current assets 21,757 25,788
Property and equipment, net 155,210 173,533
Goodwill 6,400 6,400
Intangibles, net 1,586 1,715
Other assets, net 2,120 2,025
Total long-term assets 165,316 183,673
Total assets 187,073 209,461
Current liabilities:    
Accounts payable 9,718 10,601
Accrued payroll and benefits 7,607 10,723
Accrued expenses and other current liabilities 21,090 27,709
Total current liabilities 38,415 49,033
Long-term debt, net 63,861 84,676
Deferred rent 38,792 44,929
Deferred tax liabilities, net 665 435
Other long-term liabilities 9,444 4,570
Total liabilities 151,177 183,643
Stockholders’ equity:    
Preferred stock—$0.01 par value, 950,000 shares authorized and undesignated as of October 3, 2017 and 1,000,000 shares authorized and undesignated as of January 3, 2017; zero shares issued and outstanding as of October 3, 2017 and January 3, 2017 0 0
Common stock—$0.01 par value, authorized 180,000,000 shares as of October 3, 2017 and January 3, 2017; 43,542,707 issued and 41,118,836 outstanding as of October 3, 2017 and 30,300,925 issued and 27,877,054 outstanding as of January 3, 2017 435 303
Treasury stock, at cost, 2,423,871 shares as of October 3, 2017 and January 3, 2017 (35,000) (35,000)
Additional paid-in capital 171,233 124,272
Accumulated other comprehensive loss (71) (51)
Accumulated deficit (100,701) (63,706)
Total stockholders’ equity 35,896 25,818
Total liabilities and stockholders’ equity 187,073 209,461
Series A Convertible Preferred Stock    
Current liabilities:    
Convertible Series A preferred stock—$0.01 par value, 50,000 shares authorized and designated as of October 3, 2017; zero shares issued and outstanding as of October 3, 2017 and zero shares designated, issued or outstanding as of January 3, 2017 $ 0 $ 0