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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 04, 2023
Jan. 03, 2023
Current assets:    
Cash and cash equivalents $ 2,064 $ 1,523
Accounts receivable 4,762 6,443
Inventories 9,936 10,044
Prepaid expenses and other assets 4,138 3,450
Income tax receivable 186 176
Total current assets 21,086 21,636
Property and equipment, net 134,715 129,386
Operating lease assets, net 183,795 183,392
Goodwill 7,154 7,154
Intangibles, net 597 608
Other assets, net 1,697 1,667
Total long-term assets 327,958 322,207
Total assets 349,044 343,843
Current liabilities:    
Accounts payable 15,524 15,308
Accrued payroll and benefits 12,631 9,219
Accrued expenses and other current liabilities 11,230 11,005
Current operating lease liabilities 28,581 28,581
Total current liabilities 67,966 64,113
Long-term debt, net 51,216 46,051
Long-term operating lease liabilities, net 186,594 187,320
Deferred tax liabilities, net 156 229
Other long-term liabilities 7,181 7,766
Total liabilities 313,113 305,479
Stockholders’ equity:    
Preferred stock—$0.01 par value, 1,000,000 shares authorized and undesignated as of April 4, 2023 and January 3, 2023; no shares issued or outstanding 0 0
Common stock—$0.01 par value, 180,000,000 shares authorized as of April 4, 2023 and January 3, 2023; 48,781,701 issued and 46,357,830 outstanding as of April 4, 2023 and 48,464,298 issued and 46,040,427 outstanding as of January 3, 2023 488 485
Treasury stock, at cost, 2,423,871 shares as of April 4, 2023 and January 3, 2023 (35,000) (35,000)
Additional paid-in capital 211,946 211,267
Accumulated deficit (141,503) (138,388)
Total stockholders’ equity 35,931 38,364
Total liabilities and stockholders’ equity $ 349,044 $ 343,843