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Consolidated Balance Sheets (Unaudited) - USD ($)
shares in Millions, $ in Millions
Sep. 28, 2022
Jun. 29, 2022
Current assets    
Cash and cash equivalents $ 19.5 $ 13.5
Accounts receivable, net 57.6 66.4
Inventories 36.3 35.6
Restaurant supplies 55.4 55.5
Prepaid expenses 35.4 25.7
Income taxes receivable, net 5.6 4.5
Total current assets 209.8 201.2
Property and equipment, at cost    
Land 43.4 43.4
Buildings and leasehold improvements 1,612.4 1,603.9
Furniture and equipment 802.4 793.0
Construction-in-progress 48.4 33.6
Gross property and equipment 2,506.6 2,473.9
Less accumulated depreciation and amortization (1,683.5) (1,657.2)
Net property and equipment 823.1 816.7
Other assets    
Operating lease assets 1,152.1 1,160.5
Goodwill 194.8 195.1
Deferred income taxes, net 66.5 62.5
Intangibles, net 26.8 27.4
Other 20.7 21.0
Total other assets 1,460.9 1,466.5
Total assets 2,493.8 2,484.4
Current liabilities    
Accounts payable 146.5 134.3
Gift card liability 75.0 83.9
Accrued payroll 106.0 111.0
Operating lease liabilities 112.8 112.7
Other accrued liabilities 133.3 116.1
Total current liabilities 573.6 558.0
Long-term debt and finance leases, less current installments 1,020.8 989.1
Long-term operating lease liabilities, less current portion 1,141.1 1,151.1
Other liabilities 54.9 54.3
Commitments and contingencies (Note 13)
Shareholders’ deficit    
Common stock, shares authorized 250.0  
Common stock, par value per share $ 0.10  
Common stock, shares issued 60.3 70.3
Common stock, shares outstanding 44.0 43.8
Common stock (250.0 million authorized shares; $0.10 par value; 60.3 million shares issued and 44.0 million shares outstanding at September 28, 2022, and 70.3 million shares issued and 43.8 million shares outstanding at June 29, 2022) $ 6.0 $ 7.0
Additional paid-in capital 688.0 690.9
Accumulated other comprehensive loss (6.3) (5.3)
Accumulated deficit $ (484.7) $ (148.4)
Treasury stock, shares 16.3 26.5
Treasury stock, at cost (16.3 million shares at September 28, 2022, and 26.5 million shares at June 29, 2022) $ (499.6) $ (812.3)
Total shareholders’ deficit (296.6) (268.1)
Total liabilities and shareholders’ deficit $ 2,493.8 $ 2,484.4