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Consolidated Balance Sheets (Unaudited) - USD ($)
shares in Millions, $ in Millions
Dec. 28, 2022
Jun. 29, 2022
Current assets    
Cash and cash equivalents $ 14.7 $ 13.5
Accounts receivable, net 92.0 66.4
Inventories 36.9 35.6
Restaurant supplies 55.6 55.5
Prepaid expenses 34.7 25.7
Income taxes receivable, net 3.3 4.5
Total current assets 237.2 201.2
Property and equipment, at cost    
Land 44.2 43.4
Buildings and leasehold improvements 1,623.4 1,603.9
Furniture and equipment 750.6 793.0
Construction-in-progress 50.5 33.6
Gross property and equipment 2,468.7 2,473.9
Less accumulated depreciation and amortization (1,641.8) (1,657.2)
Net property and equipment 826.9 816.7
Other assets    
Operating lease assets 1,142.9 1,160.5
Goodwill 194.8 195.1
Deferred income taxes, net 72.6 62.5
Intangibles, net 25.9 27.4
Other 19.3 21.0
Total other assets 1,455.5 1,466.5
Total assets 2,519.6 2,484.4
Current liabilities    
Accounts payable 142.2 134.3
Gift card liability 105.8 83.9
Accrued payroll 91.3 111.0
Operating lease liabilities 112.2 112.7
Other accrued liabilities 122.0 116.1
Total current liabilities 573.5 558.0
Long-term debt and finance leases, less current installments 1,023.3 989.1
Long-term operating lease liabilities, less current portion 1,133.1 1,151.1
Other liabilities 57.2 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 December 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 688.7 690.9
Accumulated other comprehensive loss (6.2) (5.3)
Accumulated deficit $ (456.8) $ (148.4)
Treasury stock, shares 16.3 26.5
Treasury stock, at cost (16.3 million shares at December 28, 2022, and 26.5 million shares at June 29, 2022) $ (499.2) $ (812.3)
Total shareholders’ deficit (267.5) (268.1)
Total liabilities and shareholders’ deficit $ 2,519.6 $ 2,484.4