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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 167,950 $ 186,650
Receivables, net of allowance of $5,452 (2025) and $3,383 (2024) 90,329 115,218
Restricted cash 61,163 42,448
Prepaid gift card costs 22,823 28,552
Prepaid income taxes 0 1,446
Prepaid expenses 11,945 9,314
Other current assets 4,304 2,371
Total current assets 358,514 385,999
Non-current restricted cash 22,000 19,500
Property and equipment, net 155,165 156,134
Operating lease right-of-use assets 331,819 323,468
Deferred rent receivable 19,470 24,804
Long-term receivables, net of allowance of $1,212 (2025) and $1,354 (2024) 34,167 35,873
Net 249,557 248,622
Other intangible assets, net 566,241 575,654
Other non-current assets, net 36,925 20,530
Total assets 1,773,858 1,790,584
Current liabilities:    
Current maturities of long-term debt 0 100,000
Accounts payable 34,293 37,718
Gift card liability 143,164 177,584
Current maturities of operating lease obligations 63,594 65,336
Current maturities of finance lease and financing obligations 6,364 6,387
Accrued employee compensation and benefits 19,070 16,674
Accrued advertising expenses 11,660 4,735
Dividends payable 7,350 7,790
Accrued interest payable 17,040 6,360
Other accrued expenses 37,575 22,721
Total current liabilities 340,110 445,305
Long-term debt, net, less current maturities 1,187,594 1,086,551
Operating lease obligations, less current maturities 314,601 310,476
Finance lease obligations, less current maturities 34,019 34,286
Financing obligations, less current maturities 20,990 23,251
Deferred income taxes, net 58,772 54,572
Deferred franchise revenue, long-term 33,872 36,700
Other non-current liabilities 15,818 15,462
Total liabilities 2,005,776 2,006,603
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; September 30, 2025 - 24,668,757 issued, 14,412,031 outstanding; December 31, 2024 - 24,756,637 issued, 15,273,210 outstanding 247 248
Additional paid-in-capital 237,848 254,814
Retained earnings 189,846 183,614
Accumulated other comprehensive loss (75) (76)
Treasury stock, at cost; shares: September 30, 2025 - 10,256,726; December 31, 2024 - 9,483,427 (659,784) (654,619)
Total stockholders’ deficit (231,918) (216,019)
Total liabilities and stockholders’ deficit $ 1,773,858 $ 1,790,584