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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 28, 2025
Dec. 29, 2024
Current assets:    
Cash and cash equivalents $ 89,177 $ 214,789
Accounts receivable 5,166 5,034
Inventory 2,384 1,987
Prepaid expenses 6,381 7,844
Current portion of lease acquisition costs 93 93
Asset, Held-for-Sale, Not Part of Disposal Group, Current 25,427 0
Other current assets 1,029 4,790
Total current assets 129,657 234,537
Operating lease assets 284,263 257,496
Property and equipment, net 326,903 296,485
Goodwill 27,793 35,970
Intangible assets, net 10,424 24,040
Security deposits 1,316 1,419
Lease acquisition costs, net 241 333
Restricted cash 4,166 2,640
Other assets 3,341 3,838
Total assets 788,104 856,758
Current liabilities:    
Current portion of operating lease liabilities 41,590 41,773
Accounts payable 19,885 18,698
Accrued expenses 33,739 26,564
Accrued payroll 8,143 14,716
Gift cards and loyalty liability 7,177 4,413
Liabilities held for sale 1,085 0
Other current liabilities 7,033 9,663
Total current liabilities 118,652 115,827
Operating lease liabilities, net of current portion 312,904 288,941
Contingent consideration liability 0 5,311
Other non-current liabilities 149 173
Deferred income tax liabilities 274 361
Total liabilities 431,979 410,613
COMMITMENTS AND CONTINGENCIES (Note 14)
Stockholders’ equity:    
Common stock, $0.001 par value, 2,000,000,000 Class A shares authorized, 106,554,859 and 105,200,553 Class A shares issued and outstanding as of December 28, 2025 and December 29, 2024, respectively; 300,000,000 Class B shares authorized and 11,893,558 and 11,915,758 Class B shares issued and outstanding as of December 28, 2025 and December 29, 2024, respectively. 118 117
Additional paid-in capital 1,365,430 1,321,386
Accumulated deficit (1,009,423) (875,358)
Total stockholders’ equity 356,125 446,145
Total liabilities and stockholders’ equity $ 788,104 $ 856,758