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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 244,583 $ 257,230
Accounts receivable 6,494 3,502
Inventory 2,038 2,069
Prepaid expenses 7,574 5,767
Current portion of lease acquisition costs 93 93
Other current assets 5,007 7,450
Total current assets 265,789 276,111
Operating lease assets 249,226 243,992
Property and equipment, net 276,278 266,902
Goodwill 35,970 35,970
Intangible assets, net 25,611 27,407
Security deposits 1,406 1,406
Lease acquisition costs, net 380 426
Restricted cash 575 125
Other assets 3,939 4,218
Total assets 859,174 856,557
Current liabilities:    
Current portion of operating lease liabilities 33,515 31,426
Accounts payable 21,599 17,380
Accrued expenses 25,426 20,845
Accrued payroll 13,701 13,131
Gift cards and loyalty liability 3,378 2,797
Other current liabilities 0 6,000
Total current liabilities 97,619 91,579
Operating lease liabilities, net of current portion 277,398 271,439
Contingent consideration liability 11,290 8,350
Other non-current liabilities 779 819
Deferred income tax liabilities 1,953 1,773
Total liabilities 389,039 373,960
COMMITMENTS AND CONTINGENCIES (Note 14)
Stockholders’ equity:    
Common stock, $0.001 par value per share, 2,000,000,000 Class A shares authorized, 101,768,505 and 99,700,052 Class A shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively; 300,000,000 Class B shares authorized, 12,371,027 and 12,939,094 Class B shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 114 113
Additional paid-in capital 1,295,533 1,267,469
Accumulated deficit (825,512) (784,985)
Total stockholders’ equity 470,135 482,597
Total liabilities and stockholders’ equity $ 859,174 $ 856,557