Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Current Period Unaudited)

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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 29, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 30, 2018
Sep. 30, 2018
Jul. 01, 2018
Apr. 01, 2018
Dec. 31, 2017
Current assets:                
Cash and cash equivalents $ 3,308     $ 5,062 $ 4,877     $ 4,051
Accounts receivable, less allowance for doubtful accounts 2019 - $170; 2018 - $322 16,584     19,476        
Inventory 8,873     9,296        
Prepaid expenses and other 2,568     2,528        
Total current assets 31,333     36,362        
Property and equipment, net of accumulated depreciation 2019 - $174,028; 2018 - $160,153 137,771     125,991        
Operating lease right of use assets 195,629              
Goodwill 45,549     36,522        
Deferred income taxes 4,806     5,353        
Other assets 595     604        
Total assets 470,709     254,613        
Current liabilities:                
Accounts payable 8,860     10,273        
Accrued payroll 12,962     19,475        
Accrued expenses 7,670     10,535        
Deferred revenue 40,999     48,370        
Current operating lease liabilities 14,218              
Other current liabilities 2,680     6,619        
Total current liabilities 87,389     95,272        
Long-term debt 83,000     41,000        
Operating lease liabilities 210,821              
Deferred rent       23,692        
Unearned franchise fees 2,738     2,680        
Other liabilities 50     1,837        
Total liabilities 383,998     164,481        
Commitments and contingencies (Note 12)            
Shareholders' equity:                
Common stock, par value $.01 per share; 100,000,000 shares authorized, 28,624,637 shares issued and outstanding at September 29, 2019, 29,268,776 shares issued and outstanding at December 30, 2018 286     293        
Additional paid-in capital 43,669     61,819        
Retained earnings 42,756     28,020        
Treasury stock, at cost; 71,950 shares at September 29, 2019 and December 30, 2018            
Total shareholders' equity 86,711 $ 98,111 $ 98,649 90,132 $ 89,286 $ 87,789 $ 87,589 $ 79,504
Total liabilities and shareholders' equity 470,709     254,613        
Franchise Rights [Member]                
Current assets:                
Intangible assets, net of accumulated amortization 50,545     44,919        
Other Intangible Assets [Member]                
Current assets:                
Intangible assets, net of accumulated amortization $ 4,481     $ 4,862