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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 28, 2025
Dec. 29, 2024
Current assets:    
Cash and cash equivalents $ 129,972 $ 214,789
Accounts receivable 6,805 5,034
Inventory 2,435 1,987
Prepaid expenses 7,030 7,844
Current portion of lease acquisition costs 93 93
Other current assets 3,348 4,790
Total current assets 149,683 234,537
Operating lease assets 286,871 257,496
Property and equipment, net 321,436 296,485
Goodwill 35,970 35,970
Intangible assets, net 21,594 24,040
Security deposits 1,348 1,419
Lease acquisition costs, net 264 333
Restricted cash 4,135 2,640
Other assets 3,469 3,838
Total assets 824,770 856,758
Current liabilities:    
Current portion of operating lease liabilities 41,671 41,773
Accounts payable 19,018 18,698
Accrued expenses 33,256 26,564
Accrued payroll 8,198 14,716
Gift cards and loyalty liability 7,864 4,413
Other current liabilities 5,942 9,663
Total current liabilities 115,949 115,827
Operating lease liabilities, net of current portion 314,737 288,941
Contingent consideration liability 0 5,311
Other non-current liabilities 157 173
Deferred income tax liabilities 631 361
Total liabilities 431,474 410,613
COMMITMENTS AND CONTINGENCIES (Note 14)
Stockholders’ equity:    
Common stock, $0.001 par value per share, 2,000,000,000 Class A shares authorized, 106,475,483 and 105,200,553 Class A shares issued and outstanding as of September 28, 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 September 28, 2025 and December 29, 2024, respectively 118 117
Additional paid-in capital 1,352,879 1,321,386
Accumulated deficit (959,701) (875,358)
Total stockholders’ equity 393,296 446,145
Total liabilities and stockholders’ equity $ 824,770 $ 856,758