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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 29, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 214,789 $ 257,230
Accounts receivable 5,034 3,502
Inventory 1,987 2,069
Prepaid expenses 7,844 5,767
Current portion of lease acquisition costs 93 93
Other current assets 4,790 7,450
Total current assets 234,537 276,111
Operating lease assets 257,496 243,992
Property and equipment, net 296,485 266,902
Goodwill 35,970 35,970
Intangible assets, net 24,040 27,407
Security deposits 1,419 1,406
Lease acquisition costs, net 333 426
Restricted cash 2,640 125
Other assets 3,838 4,218
Total assets 856,758 856,557
Current liabilities:    
Current portion of operating lease liabilities 41,773 31,426
Accounts payable 18,698 17,380
Accrued expenses 26,564 20,845
Accrued payroll 14,716 13,131
Gift cards and loyalty liability 4,413 2,797
Other current liabilities 9,663 6,000
Total current liabilities 115,827 91,579
Operating lease liabilities, net of current portion 288,941 271,439
Contingent consideration liability 5,311 8,350
Other non-current liabilities 173 819
Deferred income tax liabilities 361 1,773
Total liabilities 410,613 373,960
COMMITMENTS AND CONTINGENCIES (Note 14)
Stockholders’ (deficit) equity:    
Common stock, $0.001 par value, 2,000,000,000 Class A shares authorized, 105,200,553 and 99,700,052 Class A shares issued and outstanding as of December 29, 2024 and December 31, 2023, respectively; 300,000,000 Class B shares authorized and 11,915,758 and 12,939,094 Class B shares issued and outstanding as of December 29, 2024 and December 31, 2023, respectively. 117 113
Additional paid-in capital 1,321,386 1,267,469
Accumulated deficit (875,358) (784,985)
Total stockholders’ (deficit) equity 446,145 482,597
Total liabilities and stockholders’ (deficit) equity $ 856,758 $ 856,557