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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 04, 2023
Jan. 03, 2023
Current assets:    
Cash and cash equivalents $ 3,142 $ 1,523
Accounts receivable 4,920 6,443
Inventories 10,195 10,044
Prepaid expenses and other assets 5,259 3,450
Income tax receivable 308 176
Total current assets 23,824 21,636
Property and equipment, net 140,052 129,386
Operating lease assets, net 184,186 183,392
Goodwill 7,154 7,154
Intangibles, net 584 608
Other assets, net 1,774 1,667
Total long-term assets 333,750 322,207
Total assets 357,574 343,843
Current liabilities:    
Accounts payable 14,537 15,308
Accrued payroll and benefits 8,572 9,219
Accrued expenses and other current liabilities 12,312 11,005
Current operating lease liabilities 29,123 28,581
Total current liabilities 64,544 64,113
Long-term debt, net 63,202 46,051
Long-term operating lease liabilities, net 186,897 187,320
Deferred tax liabilities, net 126 229
Other long-term liabilities 6,725 7,766
Total liabilities 321,494 305,479
Stockholders’ equity:    
Preferred stock—$0.01 par value, 1,000,000 shares authorized and undesignated as of July 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 July 4, 2023 and January 3, 2023; 48,853,045 issued and 46,429,174 outstanding as of July 4, 2023 and 48,464,298 issued and 46,040,427 outstanding as of January 3, 2023 489 485
Treasury stock, at cost, 2,423,871 shares as of July 4, 2023 and January 3, 2023 (35,000) (35,000)
Additional paid-in capital 213,398 211,267
Accumulated deficit (142,807) (138,388)
Total stockholders’ equity 36,080 38,364
Total liabilities and stockholders’ equity $ 357,574 $ 343,843