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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 25, 2022
Current assets:    
Cash and cash equivalents $ 257,230 $ 331,614
Accounts receivable 3,502 3,244
Inventory 2,069 1,383
Prepaid expenses 5,767 8,161
Current portion of lease acquisition costs 93 93
Other current assets 7,450 1,654
Total current assets 276,111 346,149
Operating lease assets 243,992 254,059
Property and equipment, net 266,902 235,257
Goodwill 35,970 35,970
Intangible assets, net 27,407 30,562
Security deposits 1,406 1,528
Lease acquisition costs, net 426 518
Restricted cash 125 125
Other assets 4,218 4,767
Total assets 856,557 908,935
Current liabilities:    
Current portion of operating lease liabilities 31,426 29,642
Accounts payable 17,380 12,242
Accrued expenses 20,845 22,069
Accrued payroll 13,131 6,580
Gift cards and loyalty liability 2,797 2,016
Other current liabilities 6,000 0
Total current liabilities 91,579 72,549
Operating lease liabilities, net of current portion 271,439 271,097
Contingent consideration liability 8,350 21,296
Other non-current liabilities 819 1,353
Deferred income tax liabilities 1,773 1,414
Total liabilities 373,960 367,709
COMMITMENTS AND CONTINGENCIES (Note 16)
Stockholders’ (deficit) equity:    
Common stock, $0.001 par value, 2,000,000,000 Class A shares authorized, 99,700,052 and 97,656,690 Class A shares issued and outstanding as of December 31, 2023 and December 25, 2022, respectively; 300,000,000 Class B shares authorized and 12,939,094 and 13,476,303 Class B shares issued and outstanding as of December 31, 2023 and December 25, 2022, respectively. 113 111
Additional paid-in capital 1,267,469 1,212,716
Accumulated deficit (784,985) (671,601)
Total stockholders’ (deficit) equity 482,597 541,226
Total liabilities and stockholders’ (deficit) equity $ 856,557 $ 908,935