|
Note 4 – Accrued Expenses
Accrued expenses consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
September 30, |
|
December 31, |
|
|
2022 |
|
2021 |
Payroll and related (1) |
|
$ |
4,059 |
|
$ |
6,554 |
VAT and sales taxes |
|
|
2,443 |
|
|
3,477 |
Construction on new restaurants |
|
|
2,125 |
|
|
359 |
Amounts due to landlords |
|
|
2,072 |
|
|
1,847 |
Insurance |
|
|
789 |
|
|
642 |
Legal, professional and other services |
|
|
687 |
|
|
458 |
Income taxes and related |
|
|
155 |
|
|
— |
Interest |
|
|
146 |
|
|
132 |
Accrued lease exit costs (2) |
|
|
— |
|
|
4,913 |
Other (3) |
|
|
5,137 |
|
|
4,773 |
Total |
|
$ |
17,613 |
|
$ |
23,155 |
| (1) |
Payroll and related includes $1.2 million in employer payroll taxes for which payment has been deferred under the CARES Act as of September 30, 2022 and December 31, 2021, respectively.
|
| (2) |
Amount relates to lease exit costs for 2016 leases for restaurants never built. All amounts have been paid as of September 30, 2022. |
| (3) |
Amount primarily relates to recurring restaurant operating expenses. |
|