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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 30, 2025
Dec. 29, 2024
Current assets:    
Cash and cash equivalents $ 183,893 $ 214,789
Accounts receivable 7,912 5,034
Inventory 2,119 1,987
Prepaid expenses 7,293 7,844
Current portion of lease acquisition costs 93 93
Other current assets 4,856 4,790
Total current assets 206,166 234,537
Operating lease assets 262,357 257,496
Property and equipment, net 298,234 296,485
Goodwill 35,970 35,970
Intangible assets, net 23,652 24,040
Security deposits 1,319 1,419
Lease acquisition costs, net 310 333
Restricted cash 2,703 2,640
Other assets 3,609 3,838
Total assets 834,320 856,758
Current liabilities:    
Current portion of operating lease liabilities 37,703 41,773
Accounts payable 18,365 18,698
Accrued expenses 25,998 26,564
Accrued payroll 9,194 14,716
Gift cards and loyalty liability 4,704 4,413
Other current liabilities 8,858 9,663
Total current liabilities 104,822 115,827
Operating lease liabilities, net of current portion 291,695 288,941
Contingent consideration liability 4,431 5,311
Other non-current liabilities 167 173
Deferred income tax liabilities 451 361
Total liabilities 401,566 410,613
COMMITMENTS AND CONTINGENCIES (Note 14)
Stockholders’ equity:    
Common stock, $0.001 par value per share, 2,000,000,000 Class A shares authorized, 105,764,926 and 105,200,553 Class A shares issued and outstanding as of March 30, 2025 and December 29, 2024, respectively; 300,000,000 Class B shares authorized, 11,893,558 and 11,915,758 Class B shares issued and outstanding as of March 30, 2025 and December 29, 2024, respectively 118 117
Additional paid-in capital 1,333,033 1,321,386
Accumulated deficit (900,397) (875,358)
Total stockholders’ equity 432,754 446,145
Total liabilities and stockholders’ equity $ 834,320 $ 856,758