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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 181,606 $ 269,655
Receivables, net of allowance of $4,587 (2023) and $4,806 (2022) 93,119 119,981
Restricted cash 37,098 38,929
Prepaid gift card costs 23,717 30,235
Prepaid income taxes 0 3,063
Other current assets 12,831 17,901
Total current assets 348,371 479,764
Non-current restricted cash 16,400 16,400
Property and equipment, net 158,715 145,277
Operating lease right-of-use assets 290,859 289,123
Deferred rent receivable 39,772 42,329
Long-term receivables, net of allowance of $5,908 (2023) and $5,529 (2022) 37,831 39,697
Goodwill 254,120 253,956
Other intangible assets, net 594,333 597,028
Other non-current assets, net 17,668 17,917
Total assets 1,758,069 1,881,491
Current liabilities:    
Current maturities of long-term debt 100,000 100,000
Accounts payable 39,085 52,067
Gift card liability 140,769 171,966
Current maturities of operating lease obligations 57,655 59,071
Current maturities of finance lease and financing obligations 7,265 7,542
Accrued employee compensation and benefits 13,862 23,456
Accrued advertising expenses 18,665 24,157
Dividends payable 0 8,017
Other accrued expenses 27,871 24,446
Total current liabilities 405,172 470,722
Long-term debt, net, less current maturities 1,174,564 1,241,914
Operating lease obligations, less current maturities 279,766 275,120
Finance lease obligations, less current maturities 33,256 30,377
Financing obligations, less current maturities 28,029 28,358
Deferred income taxes, net 67,351 74,651
Deferred franchise revenue, long-term 41,204 42,343
Other non-current liabilities 17,410 19,090
Total liabilities 2,046,752 2,182,575
Commitments and contingencies
Stockholders’ deficit:    
Preferred stock, $1 par value, 10,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $0.01 par value; shares: 40,000,000 authorized; March 31, 2023 - 24,915,372 issued, 15,674,739 outstanding; December 31, 2022 - 24,959,972 issued, 15,599,239 outstanding 249 250
Additional paid-in-capital 248,187 259,339
Retained earnings 103,931 84,538
Accumulated other comprehensive loss (64) (65)
Treasury stock, at cost; shares: March 31, 2023 - 9,240,633; December 31, 2022 - 9,360,733 (640,986) (645,146)
Total stockholders’ deficit (288,683) (301,084)
Total liabilities and stockholders’ deficit $ 1,758,069 $ 1,881,491