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Consolidated Balance Sheets (Unaudited) - USD ($)
shares in Millions, $ in Millions
Mar. 29, 2023
Jun. 29, 2022
Current assets    
Cash and cash equivalents $ 13.8 $ 13.5
Accounts receivable, net 72.6 66.4
Inventories 34.1 35.6
Restaurant supplies 55.7 55.5
Prepaid expenses 37.2 25.7
Income taxes receivable, net 0.0 4.5
Total current assets 213.4 201.2
Property and equipment, at cost    
Land 44.2 43.4
Buildings and leasehold improvements 1,639.8 1,603.9
Furniture and equipment 764.3 793.0
Construction-in-progress 39.8 33.6
Gross property and equipment 2,488.1 2,473.9
Less accumulated depreciation and amortization (1,668.3) (1,657.2)
Net property and equipment 819.8 816.7
Other assets    
Operating lease assets 1,124.9 1,160.5
Goodwill 194.8 195.1
Deferred income taxes, net 81.3 62.5
Intangibles, net 25.1 27.4
Other 18.8 21.0
Total other assets 1,444.9 1,466.5
Total assets 2,478.1 2,484.4
Current liabilities    
Accounts payable 163.7 134.3
Gift card liability 78.9 83.9
Accrued payroll 103.0 111.0
Operating lease liabilities 112.3 112.7
Other accrued liabilities 126.9 116.1
Income taxes payable, net 0.9 0.0
Total current liabilities 585.7 558.0
Long-term debt and finance leases, less current installments 930.7 989.1
Long-term operating lease liabilities, less current portion 1,113.8 1,151.1
Other liabilities 58.2 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 44.1 43.8
Common stock (250.0 million authorized shares; $0.10 par value; 60.3 million shares issued and 44.1 million shares outstanding at March 29, 2023, and 70.3 million shares issued and 43.8 million shares outstanding at June 29, 2022) $ 6.0 $ 7.0
Additional paid-in capital 692.3 690.9
Accumulated other comprehensive loss (6.1) (5.3)
Accumulated deficit $ (406.1) $ (148.4)
Treasury stock, shares 16.2 26.5
Treasury stock, at cost (16.2 million shares at March 29, 2023, and 26.5 million shares at June 29, 2022) $ (496.4) $ (812.3)
Total shareholders’ deficit (210.3) (268.1)
Total liabilities and shareholders’ deficit $ 2,478.1 $ 2,484.4