Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.7.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 25, 2016
Dec. 27, 2015
Current assets:    
Cash and cash equivalents $ 3,788 $ 3,095
Accounts receivable, less allowance for doubtful accounts 2016 - $729; 2015 - $732 20,790 18,501
Inventory 7,396 7,479
Assets held for sale 250
Prepaid expenses and other 2,446 1,259
Total current assets 34,420 30,584
103,041 87,984
Goodwill 24,293 24,293
Deferred income taxes 9,924 19,309
Other assets 699 1,216
Total assets 207,472 198,597
Current liabilities:    
Accounts payable 7,064 10,018
Accrued payroll 14,902 17,064
Accrued expenses 11,672 9,280
Deferred revenue 38,155 35,202
Other current liabilities 7,622 6,308
Total current liabilities 79,415 77,872
Long-term debt 25,000
Deferred rent 21,737 20,275
Other liabilities 2,311 2,548
Total liabilities 128,463 100,695
Commitments and contingencies (Note 11)
Shareholders' equity:    
Common stock, par value $.01 per share; 100,000,000 shares authorized, 30,549,283 shares issued and outstanding at December 25, 2016, 33,145,687 shares issued and outstanding at December 27, 2015 305 331
Additional paid-in capital 95,266 135,403
Accumulated deficit (16,562) (37,832)
Treasury stock, at cost; 71,950 shares at December 25, 2016 and December 27, 2015
Total shareholders' equity 79,009 97,902
Total liabilities and shareholders' equity 207,472 198,597
Franchise Rights [Member]    
Current assets:    
Finite-lived intangible assets 32,200 32,200
Other Intangible Assets [Member]    
Current assets:    
Finite-lived intangible assets $ 2,895 $ 3,011