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Consolidated Balance Sheets (Unaudited) - USD ($)
shares in Millions, $ in Millions
Mar. 27, 2024
Jun. 28, 2023
Current assets    
Cash and cash equivalents $ 15.5 $ 15.1
Accounts receivable, net 47.6 60.9
Inventories 32.5 34.5
Restaurant supplies 54.7 55.6
Prepaid expenses 20.2 17.2
Income taxes receivable 0.4 0.0
Total current assets 170.9 183.3
Property and equipment, at cost    
Land 42.4 42.4
Buildings and leasehold improvements 1,678.2 1,635.7
Furniture and equipment 800.6 765.8
Construction-in-progress 32.7 30.1
Gross property and equipment 2,553.9 2,474.0
Less accumulated depreciation and amortization (1,704.5) (1,665.7)
Net property and equipment 849.4 808.3
Other assets    
Operating lease assets 1,096.7 1,134.9
Goodwill 194.8 195.0
Deferred income taxes, net 106.2 93.4
Intangibles, net 21.1 23.9
Other 56.6 48.2
Total other assets 1,475.4 1,495.4
Total assets 2,495.7 2,487.0
Current liabilities    
Accounts payable 150.5 125.7
Gift card liability 66.0 73.0
Accrued payroll 111.6 106.1
Operating lease liabilities 113.6 112.4
Other accrued liabilities 131.3 116.3
Income taxes payable 6.1 2.4
Total current liabilities 579.1 535.9
Long-term debt and finance leases, less current installments 818.5 912.2
Long-term operating lease liabilities, less current portion 1,083.9 1,125.8
Other liabilities 60.9 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 44.5 44.6
Common stock (250.0 million authorized shares; $0.10 par value; 60.3 million shares issued; and 44.5 million shares outstanding at March 27, 2024 and 44.6 million shares outstanding at June 28, 2023) $ 6.0 $ 6.0
Additional paid-in capital 693.4 690.0
Accumulated other comprehensive loss (6.2) (6.0)
Accumulated deficit $ (253.9) $ (351.9)
Treasury stock, shares 15.8 15.7
Treasury stock, at cost (15.8 million shares at March 27, 2024, and 15.7 million shares at June 28, 2023) $ (486.0) $ (482.4)
Total shareholders’ deficit (46.7) (144.3)
Total liabilities and shareholders’ deficit $ 2,495.7 $ 2,487.0