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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Oct. 03, 2023
Jan. 03, 2023
Current assets:    
Cash and cash equivalents $ 2,530 $ 1,523
Accounts receivable 4,812 6,443
Inventories 10,307 10,044
Prepaid expenses and other assets 4,787 3,450
Income tax receivable 332 176
Total current assets 22,768 21,636
Property and equipment, net 149,442 129,386
Operating lease assets, net 187,218 183,392
Goodwill 7,154 7,154
Intangibles, net 569 608
Other assets, net 1,679 1,667
Total long-term assets 346,062 322,207
Total assets 368,830 343,843
Current liabilities:    
Accounts payable 22,071 15,308
Accrued payroll and benefits 11,741 9,219
Accrued expenses and other current liabilities 12,056 11,005
Current operating lease liabilities 29,721 28,581
Total current liabilities 75,589 64,113
Long-term debt, net 64,040 46,051
Long-term operating lease liabilities, net 189,978 187,320
Deferred tax liabilities, net 274 229
Other long-term liabilities 6,434 7,766
Total liabilities 336,315 305,479
Stockholders’ equity:    
Preferred stock—$0.01 par value, 1,000,000 shares authorized and undesignated as of October 3, 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 October 3, 2023 and January 3, 2023; 47,352,880 issued and 44,929,009 outstanding as of October 3, 2023 and 48,464,298 issued and 46,040,427 outstanding as of January 3, 2023 474 485
Treasury stock, at cost, 2,423,871 shares as of October 3, 2023 and January 3, 2023 (35,000) (35,000)
Additional paid-in capital 209,148 211,267
Accumulated deficit (142,107) (138,388)
Total stockholders’ equity 32,515 38,364
Total liabilities and stockholders’ equity $ 368,830 $ 343,843