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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 03, 2018
Jan. 02, 2018
Current assets:    
Cash and cash equivalents $ 3,640 $ 3,361
Accounts receivable 1,714 2,434
Inventories 10,089 9,929
Prepaid expenses and other assets 7,511 6,258
Income tax receivable 122 76
Total current assets 23,076 22,058
Property and equipment, net 144,607 152,593
Goodwill 6,400 6,400
Intangibles, net 1,422 1,565
Other assets, net 2,548 2,617
Total long-term assets 154,977 163,175
Total assets 178,053 185,233
Current liabilities:    
Accounts payable 6,345 10,929
Accrued payroll and benefits 12,482 11,719
Accrued expenses and other current liabilities 24,560 21,221
Current portion of long-term debt 656 0
Total current liabilities 44,043 43,869
Long-term debt, net 62,743 57,624
Deferred rent 37,896 38,872
Deferred tax liabilities, net 165 416
Other long-term liabilities 7,037 8,591
Total liabilities 151,884 149,372
Stockholders’ equity:    
Preferred stock—$0.01 par value, 1,000,000 shares authorized and undesignated as of July 3, 2018 and January 2, 2018; no shares issued or outstanding 0 0
Common stock—$0.01 par value, 180,000,000 shares authorized as of July 3, 2018 and January 2, 2018; 43,690,395 issued and 41,266,524 outstanding as of July 3, 2018 and 43,550,329 issued and 41,126,458 outstanding as of January 2, 2018 437 436
Treasury stock, at cost, 2,423,871 shares as of July 3, 2018 and January 2, 2018 (35,000) (35,000)
Additional paid-in capital 172,936 171,613
Accumulated deficit (112,204) (101,188)
Total stockholders’ equity 26,169 35,861
Total liabilities and stockholders’ equity $ 178,053 $ 185,233