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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 62,076 $ 10,459
Accounts receivable 2,406 3,503
Inventories 9,510 9,871
Prepaid expenses and other assets 3,562 5,386
Income tax receivable 180 103
Total current assets 77,734 29,322
Property and equipment, net 124,640 128,867
Operating lease assets, net 209,445 209,717
Goodwill 7,154 7,154
Intangibles, net 855 883
Other assets, net 2,567 2,576
Total long-term assets 344,661 349,197
Total assets 422,395 378,519
Current liabilities:    
Accounts payable 11,380 9,351
Accrued payroll and benefits 10,222 13,479
Accrued expenses and other current liabilities 12,478 11,679
Current operating lease liabilities 26,144 22,775
Current portion of long-term debt 750 750
Total current liabilities 60,974 58,034
Long-term debt, net 93,040 40,497
Long-term operating lease liabilities, net 229,196 225,014
Deferred tax liabilities, net 247 200
Other long-term liabilities 6,662 4,203
Total liabilities 390,119 327,948
Stockholders’ equity:    
Preferred stock—$0.01 par value, 1,000,000 shares authorized and undesignated as of June 30, 2020 and December 31, 2019; no shares issued or outstanding 0 0
Common stock—$0.01 par value, 180,000,000 shares authorized as of June 30, 2020 and December 31, 2019; 46,778,682 issued and 44,354,811 outstanding as of June 30, 2020 and 46,557,934 issued and 44,134,063 outstanding as of December 31, 2019 468 466
Treasury stock, at cost, 2,423,871 shares as of June 30, 2020 and December 31, 2019 (35,000) (35,000)
Additional paid-in capital 201,601 200,585
Accumulated deficit (134,793) (115,480)
Total stockholders’ equity 32,276 50,571
Total liabilities and stockholders’ equity $ 422,395 $ 378,519