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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jan. 02, 2024
Jan. 03, 2023
Current assets:    
Cash and cash equivalents $ 3,013 $ 1,523
Accounts receivable 5,144 6,443
Inventories 10,251 10,044
Prepaid expenses and other assets 3,879 3,450
Income tax receivable 337 176
Total current assets 22,624 21,636
Property and equipment, net 152,176 129,386
Operating lease assets, net 183,857 183,392
Goodwill 7,154 7,154
Intangibles, net 538 608
Other assets, net 1,746 1,667
Total long-term assets 345,471 322,207
Total assets 368,095 343,843
Current liabilities:    
Accounts payable 16,691 15,308
Accrued payroll and benefits 7,769 9,219
Accrued expenses and other current liabilities 12,950 11,005
Current operating lease liabilities 30,104 28,581
Total current liabilities 67,514 64,113
Long-term debt, net 80,218 46,051
Long-term operating lease liabilities, net 186,285 187,320
Deferred tax liabilities, net 255 229
Other long-term liabilities 6,663 7,766
Total liabilities 340,935 305,479
Commitments and contingencies
Stockholders’ equity:    
Preferred stock—$0.01 par value, 1,000,000 shares authorized and undesignated as of January 2, 2024 and January 3, 2023; no shares issued or outstanding 0 0
Common stock—$0.01 par value, 180,000,000 shares authorized as of January 2, 2024 and January 3, 2023; 47,413,585 issued and 44,989,714 outstanding as of January 2, 2024; 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 January 2, 2024 and January 3, 2023, respectively (35,000) (35,000)
Additional paid-in capital 209,930 211,267
Accumulated deficit (148,244) (138,388)
Total stockholders’ equity 27,160 38,364
Total liabilities and stockholders’ equity $ 368,095 $ 343,843