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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 243,756 $ 257,230
Accounts receivable 5,590 3,502
Inventory 1,854 2,069
Prepaid expenses 6,773 5,767
Current portion of lease acquisition costs 93 93
Other current assets 5,622 7,450
Total current assets 263,688 276,111
Operating lease assets 243,602 243,992
Property and equipment, net 267,132 266,902
Goodwill 35,970 35,970
Intangible assets, net 26,356 27,407
Security deposits 1,406 1,406
Lease acquisition costs, net 403 426
Restricted cash 125 125
Other assets 4,020 4,218
Total assets 842,702 856,557
Current liabilities:    
Current portion of operating lease liabilities 32,348 31,426
Accounts payable 19,722 17,380
Accrued expenses 22,003 20,845
Accrued payroll 10,122 13,131
Gift cards and loyalty liability 3,137 2,797
Other current liabilities 0 6,000
Total current liabilities 87,332 91,579
Operating lease liabilities, net of current portion 272,053 271,439
Contingent consideration liability 10,377 8,350
Other non-current liabilities 799 819
Deferred income tax liabilities 1,863 1,773
Total liabilities 372,424 373,960
COMMITMENTS AND CONTINGENCIES (Note 14)
Stockholders’ equity:    
Common stock, $0.001 par value per share, 2,000,000,000 Class A shares authorized, 100,338,733 and 99,700,052 Class A shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively; 300,000,000 Class B shares authorized, 12,871,027 and 12,939,094 Class B shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 113 113
Additional paid-in capital 1,281,217 1,267,469
Accumulated deficit (811,052) (784,985)
Total stockholders’ equity 470,278 482,597
Total liabilities and stockholders’ equity $ 842,702 $ 856,557