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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 02, 2024
Jan. 02, 2024
Current assets:    
Cash and cash equivalents $ 1,334 $ 3,013
Accounts receivable 4,332 5,144
Inventories 10,191 10,251
Prepaid expenses and other assets 6,021 3,879
Income tax receivable 362 337
Total current assets 22,240 22,624
Property and equipment, net 151,322 152,176
Operating lease assets, net 177,275 183,857
Goodwill 7,154 7,154
Intangibles, net 525 538
Other assets, net 1,861 1,746
Total long-term assets 338,137 345,471
Total assets 360,377 368,095
Current liabilities:    
Accounts payable 17,575 16,691
Accrued payroll and benefits 11,426 7,769
Accrued expenses and other current liabilities 12,932 12,950
Current operating lease liabilities 30,580 30,104
Total current liabilities 72,513 67,514
Long-term debt, net 81,176 80,218
Long-term operating lease liabilities, net 178,545 186,285
Deferred tax liabilities, net 320 255
Other long-term liabilities 5,919 6,663
Total liabilities 338,473 340,935
Stockholders’ equity:    
Preferred stock—$0.01 par value, 1,000,000 shares authorized and undesignated as of April 2, 2024 and January 2, 2024; no shares issued or outstanding 0 0
Common stock—$0.01 par value, 180,000,000 shares authorized as of April 2, 2024 and January 2, 2024; 47,770,220 issued and 45,346,349 outstanding as of April 2, 2024 and 47,413,585 issued and 44,989,714 outstanding as of January 2, 2024 478 474
Treasury stock, at cost, 2,423,871 shares as of April 2, 2024 and January 2, 2024 (35,000) (35,000)
Additional paid-in capital 210,810 209,930
Accumulated deficit (154,384) (148,244)
Total stockholders’ equity 21,904 27,160
Total liabilities and stockholders’ equity $ 360,377 $ 368,095