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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 29, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 234,623 $ 257,230
Accounts receivable 7,141 3,502
Inventory 2,103 2,069
Prepaid expenses 6,426 5,767
Current portion of lease acquisition costs 93 93
Other current assets 4,918 7,450
Total current assets 255,304 276,111
Operating lease assets 248,537 243,992
Property and equipment, net 285,279 266,902
Goodwill 35,970 35,970
Intangible assets, net 24,543 27,407
Security deposits 1,408 1,406
Lease acquisition costs, net 357 426
Restricted cash 2,640 125
Other assets 3,943 4,218
Total assets 857,981 856,557
Current liabilities:    
Current portion of operating lease liabilities 34,673 31,426
Accounts payable 18,133 17,380
Accrued expenses 28,080 20,845
Accrued payroll 13,964 13,131
Gift cards and loyalty liability 3,672 2,797
Other current liabilities 0 6,000
Total current liabilities 98,522 91,579
Operating lease liabilities, net of current portion 279,792 271,439
Contingent consideration liability 13,564 8,350
Other non-current liabilities 756 819
Deferred income tax liabilities 2,043 1,773
Total liabilities 394,677 373,960
COMMITMENTS AND CONTINGENCIES (Note 14)
Stockholders’ equity:    
Common stock, $0.001 par value per share, 2,000,000,000 Class A shares authorized, 103,363,461 and 99,700,052 Class A shares issued and outstanding as of September 29, 2024 and December 31, 2023, respectively; 300,000,000 Class B shares authorized, 12,260,027 and 12,939,094 Class B shares issued and outstanding as of September 29, 2024 and December 31, 2023, respectively 116 113
Additional paid-in capital 1,309,516 1,267,469
Accumulated deficit (846,328) (784,985)
Total stockholders’ equity 463,304 482,597
Total liabilities and stockholders’ equity $ 857,981 $ 856,557