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Basis of Presentation and Recent Accounting Pronouncements (Tables) | 9 Months Ended
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Oct. 01, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Revisions to Previously Issued Consolidated Financial Statements | The following tables reflect the effects of the correction on all affected line items of the Company's previously reported Condensed Consolidated Financial Statements presented in this Form 10-Q:
CORRECTED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (unaudited)
| Twelve Weeks Ended October 2, 2022 | Forty Weeks Ended October 2, 2022
(in thousands) | As Previously Reported | Adjustment | As Corrected | As Previously Reported | Adjustment | As Corrected
Restaurant revenue | $ | 282,449 |  | $ | (34) |  | $ | 282,415 |  | $ | 951,718 |  | $ | (85) |  | $ | 951,633 |
Franchise and other revenues | 4,439 |  | (49) |  | 4,390 |  | 24,810 |  | (508) |  | 24,302 |
Total revenues | 286,888 |  | (83) |  | 286,805 |  | 976,528 |  | (593) |  | 975,935 |
Loss before income taxes | (12,610) |  | (83) |  | (12,693) |  | (33,152) |  | (593) |  | (33,744) |
Net loss | (12,567) |  | (83) |  | (12,650) |  | (33,605) |  | (593) |  | (34,197) |
Net loss per share | (0.79) |  | (0.01) |  | (0.80) |  | (2.12) |  | (0.04) |  | (2.16) |
Total comprehensive loss | (12,612) |  | (83) |  | (12,695) |  | (33,656) |  | (593) |  | (34,249) |
OTHER NON-GAAP INFORMATION: |  |  |  |  |  |
Adjusted EBITDA | 3,960 |  | (83) |  | 3,877 |  | 43,900 |  | (189) |  | 43,711 |
CORRECTED CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) (unaudited)
| Forty Weeks Ended October 2, 2022
(in thousands) | Retained Earnings/(Accumulated Deficit) | Total Shareholders' Equity
As Previously Reported |  |
Balance, July 10, 2022 | 6,159 |  | 61,575 |
Net loss | (12,567) |  | (12,567) |
Balance, October 2, 2022 | (6,408) |  | 51,627 |
Adjustments |  |
Balance, July 10, 2022 | (3,013) |  | (3,013) |
Net loss | (83) |  | (83) |
Balance, October 2, 2022 | (3,096) |  | (3,096) |
As Corrected |  |
Balance, July 10, 2022 | 3,146 |  | 58,562 |
Net loss | (12,650) |  | (12,650) |
Balance, October 2, 2022 | $ | (9,504) |  | $ | 48,531 |
CORRECTED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)
| Forty Weeks Ended October 2, 2022
(in thousands) | As Previously Reported | Adjustment | As Corrected
Net loss | $ | (33,605) |  | $ | (593) |  | $ | (34,198) |
Gift card breakage | (8,289) |  | 508 |  | (7,781) |
Unearned revenue | (8,386) |  | 85 |  | (8,301) |

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- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-8 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-7 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-9 + Details
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