Supplemental Financial Information

12 Months Ended

Jan. 03, 2023

Supplemental Financial Information [Abstract]

Supplemental Financial Information

Supplemental Financial Information

Accounts receivable consist of the following (in thousands):

	2022		2021
Delivery program receivables	$	2,027	$	1,467
Vendor rebate receivables	801		695
Franchise receivables(1)	2,050		644
Other receivables	1,565		1,152
Accounts receivable	$	6,443	$	3,958

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(1) Franchise receivables in 2022 include amounts related to equipment purchased in advance at a discount for franchisees.

Prepaid expenses and other assets consist of the following (in thousands):

	2022		2021
Prepaid occupancy related costs	$	711	$	73
Prepaid insurance	882		853
Current assets held for sale	—		3,514
Prepaid expenses	1,802		2,272
Other current assets	55		125
Prepaid expenses and other assets	$	3,450	$	6,837

Property and equipment, net, consist of the following (in thousands):

	2022		2021
Leasehold improvements	$	212,319	$	197,722
Furniture, fixtures and equipment	152,786		140,698
Construction in progress	6,738		6,306
	371,843		344,726
Accumulated depreciation and amortization	(242,457)		(225,450)
Property and equipment, net	$	129,386	$	119,276

Accrued payroll and benefits consist of the following (in thousands):

	2022		2021
Accrued payroll and related liabilities	$	5,004	$	9,851
Accrued bonus	2,007		5,078
Insurance liabilities	2,208		3,671
Accrued payroll and benefits	$	9,219	$	18,600

Accrued expenses and other current liabilities consist of the following (in thousands):

	2022		2021
Gift card liability	$	2,430	$	2,850
Occupancy related	1,001		1,615
Utilities	1,612		1,302
Current portion of finance lease liability	2,210		1,956
Liabilities held for sale	—		1,671
Accrued interest	70		271
Insurance liabilities	415		393
Other restaurant expense accruals	1,128		995
Other corporate expense accruals	2,139		2,738
Accrued expenses and other current liabilities	$	11,005	$	13,791

Assets and Liabilities Held for Sale

In November 2021, the Company entered into a definitive agreement to sell fifteen restaurants to a new franchisee (“Warner Sale”). In January 2022, the Company closed the Warner Sale. The assets and liabilities associated with the Warner Sale have been recorded in “Prepaid expenses and other assets” and “Accrued expenses and other current liabilities” on the Consolidated Balance Sheets as of December 28, 2021. In addition, the Company recorded a $0.5 million write down of assets related to this transaction during the year ended December 28, 2021, included in "Restaurant impairments, closure costs and asset disposals" on the Consolidated Statements of Operations. The following table presents the carrying amounts of the major classes of assets and liabilities classified as held for sale (in thousands):

	2021
Assets
Current assets, total	$	2,494
Operating lease assets	1,020
Current assets held for sale	3,514
Liabilities
Operating lease liabilities	1,671
Net assets held for sale	$	1,843