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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 98,197 $ 269,655
Receivables, net of allowance of $5,433 (2023) and $4,806 (2022) 85,742 119,981
Restricted cash 41,932 38,929
Prepaid gift card costs 23,550 30,235
Prepaid income taxes 3,063 3,063
Other current assets 11,317 17,901
Total current assets 263,801 479,764
Non-current restricted cash 19,500 16,400
Property and equipment, net 162,055 145,277
Operating lease right-of-use assets 283,854 289,123
Deferred rent receivable 35,537 42,329
Long-term receivables, net of allowance of $5,152 (2023) and $5,529 (2022) 35,678 39,697
Goodwill 254,057 253,956
Other intangible assets, net 588,692 597,028
Other non-current assets, net 16,407 17,917
Total assets 1,659,581 1,881,491
Current liabilities:    
Current maturities of long-term debt 100,000 100,000
Accounts payable 28,880 52,067
Gift card liability 131,490 171,966
Current maturities of operating lease obligations 58,764 59,071
Current maturities of finance lease and financing obligations 6,922 7,542
Accrued employee compensation and benefits 19,970 23,456
Accrued advertising expenses 14,407 24,157
Dividends payable 0 8,017
Other accrued expenses 23,904 24,446
Total current liabilities 384,337 470,722
Long-term debt, net, less current maturities 1,084,011 1,241,914
Operating lease obligations, less current maturities 276,817 275,120
Finance lease obligations, less current maturities 32,646 30,377
Financing obligations, less current maturities 27,342 28,358
Deferred income taxes, net 70,229 74,651
Deferred franchise revenue, long-term 40,143 42,343
Other non-current liabilities 17,762 19,090
Total liabilities 1,933,287 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, shares authorized (in shares) 40,000,000 40,000,000
Common stock, $0.01 par value; shares: 40,000,000 authorized; September 30, 2023 - 24,883,740 issued, 15,484,512 outstanding; December 31, 2022 - 24,959,972 issued, 15,599,239 outstanding $ 249 $ 250
Additional paid-in-capital 253,080 259,339
Retained earnings 124,806 84,538
Accumulated other comprehensive loss (67) (65)
Treasury stock, at cost; shares: September 30, 2023 - 9,399,228; December 31, 2022 - 9,360,733 (651,774) (645,146)
Total stockholders’ deficit (273,706) (301,084)
Total liabilities and stockholders’ deficit $ 1,659,581 $ 1,881,491