Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Current Period Unaudited)

v3.22.2.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 25, 2022
Dec. 26, 2021
Current assets:    
Cash and cash equivalents $ 20,793 $ 92,133
Accounts receivable, less allowance for doubtful accounts 2022 - $151; 2021 - $106 36,627 41,588
Inventory 8,273 8,554
Prepaid expenses and other 6,279 3,919
Total current assets 71,972 146,194
Property and equipment, net of accumulated depreciation 2022 - $208,396; 2021 - $195,853 142,091 121,706
Operating lease right of use assets 197,029 173,754
Goodwill 45,549 45,549
Deferred income taxes 366 0
Other assets 1,571 1,547
Total assets 504,362 535,979
Current liabilities:    
Accounts payable 6,661 11,685
Accrued payroll 12,959 17,097
Accrued expenses 13,623 12,924
Deferred revenue 59,004 69,029
Current operating lease liabilities 17,614 17,006
Other current liabilities 3,437 7,674
Total current liabilities 113,298 135,415
Long-term debt 30,000 70,000
Operating lease liabilities 221,041 192,666
Unearned franchise fees 2,305 2,219
Deferred income taxes 0 399
Other liabilities 69 69
Total liabilities 366,713 400,768
Commitments and contingencies (Note 11) 0 0
Shareholders' equity:    
Common stock, par value $.01 per share; 100,000,000 shares authorized, 32,875,424 shares issued and outstanding at September 25, 2022, 33,575,337 shares issued and outstanding at December 26, 2021 327 336
Additional paid-in capital 58,768 68,923
Retained earnings 78,554 65,952
Treasury stock, at cost; 71,950 shares at September 25, 2022 and December 26, 2021 0 0
Total shareholders' equity 137,649 135,211
Total liabilities and shareholders' equity 504,362 535,979
Franchise Rights [Member]    
Current assets:    
Franchise rights, net of accumulated amortization 2022 - $10,276; 2021 - $8,779 40,742 42,239
Lease And Other Intangible Assets [Member]    
Current assets:    
Franchise rights, net of accumulated amortization 2022 - $10,276; 2021 - $8,779 $ 5,042 $ 4,990