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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 29, 2022
Dec. 28, 2021
Current assets:    
Cash and cash equivalents $ 1,601 $ 2,255
Accounts receivable 4,425 3,958
Inventories 9,719 9,404
Prepaid expenses and other assets 3,779 6,837
Income tax receivable 107 108
Total current assets 19,631 22,562
Property and equipment, net 122,320 119,276
Operating lease assets, net 186,493 188,440
Goodwill 7,154 7,154
Intangibles, net 654 668
Other assets, net 1,520 3,359
Total long-term assets 318,141 318,897
Total assets 337,772 341,459
Current liabilities:    
Accounts payable 15,307 15,543
Accrued payroll and benefits 11,130 18,600
Accrued expenses and other current liabilities 12,209 13,791
Current operating lease liabilities 27,149 26,617
Current portion of long-term debt 1,813 2,031
Total current liabilities 67,608 76,582
Long-term debt, net 32,306 18,931
Long-term operating lease liabilities, net 196,922 200,243
Deferred tax liabilities, net 185 269
Other long-term liabilities 8,706 7,801
Total liabilities 305,727 303,826
Stockholders’ equity:    
Preferred stock—$0.01 par value, 1,000,000 shares authorized and undesignated as of March 29, 2022 and December 28, 2021; no shares issued or outstanding 0 0
Common stock—$0.01 par value, 180,000,000 shares authorized as of March 29, 2022 and December 28, 2021; 48,258,594 issued and 45,834,723 outstanding as of March 29, 2022 and 48,125,151 issued and 45,701,280 outstanding as of December 28, 2021 483 481
Treasury stock, at cost, 2,423,871 shares as of March 29, 2022 and December 28, 2021 (35,000) (35,000)
Additional paid-in capital 208,065 207,226
Accumulated deficit (141,503) (135,074)
Total stockholders’ equity 32,045 37,633
Total liabilities and stockholders’ equity $ 337,772 $ 341,459