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Consolidated Balance Sheets (Unaudited) - USD ($)
shares in Millions, $ in Millions
Sep. 27, 2023
Jun. 28, 2023
Current assets    
Cash and cash equivalents $ 14.4 $ 15.1
Accounts receivable, net 49.2 60.9
Inventories 32.5 34.5
Restaurant supplies 55.1 55.6
Prepaid expenses 24.2 17.2
Income taxes receivable 1.7 0.0
Total current assets 177.1 183.3
Property and equipment, at cost    
Land 42.4 42.4
Buildings and leasehold improvements 1,649.8 1,635.7
Furniture and equipment 749.1 765.8
Construction-in-progress 35.5 30.1
Gross property and equipment 2,476.8 2,474.0
Less accumulated depreciation and amortization (1,660.9) (1,665.7)
Net property and equipment 815.9 808.3
Other assets    
Operating lease assets 1,115.9 1,134.9
Goodwill 194.8 195.0
Deferred income taxes, net 95.4 93.4
Intangibles, net 23.0 23.9
Other 52.7 48.2
Total other assets 1,481.8 1,495.4
Total assets 2,474.8 2,487.0
Current liabilities    
Accounts payable 141.7 125.7
Gift card liability 64.9 73.0
Accrued payroll 84.2 106.1
Operating lease liabilities 112.9 112.4
Other accrued liabilities 134.9 116.3
Income taxes payable 3.0 2.4
Total current liabilities 541.6 535.9
Long-term debt and finance leases, less current installments 923.9 912.2
Long-term operating lease liabilities, less current portion 1,104.9 1,125.8
Other liabilities 60.7 57.4
Commitments and contingencies (Note 7)
Shareholders’ deficit    
Common stock, shares authorized 250.0 250.0
Common stock, par value per share $ 0.10 $ 0.10
Common stock, shares issued 60.3 60.3
Common stock, shares outstanding 44.2 44.6
Common stock (250.0 million authorized shares; $0.10 par value; 60.3 million shares issued; and 44.2 million shares outstanding at September 27, 2023 and 44.6 million shares outstanding at June 28, 2023) $ 6.0 $ 6.0
Additional paid-in capital 683.8 690.0
Accumulated other comprehensive loss (6.2) (6.0)
Accumulated deficit $ (344.7) $ (351.9)
Treasury stock, shares 16.1 15.7
Treasury stock, at cost (16.1 million shares at September 27, 2023, and 15.7 million shares at June 28, 2023) $ (495.2) $ (482.4)
Total shareholders’ deficit (156.3) (144.3)
Total liabilities and shareholders’ deficit $ 2,474.8 $ 2,487.0