Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 48,699 $ 55,121
Accounts receivable 10,570 15,220
Inventory 4,997 5,728
Other current assets 2,353 2,091
Due from related parties 376 376
Total current assets 66,995 78,536
Property and equipment, net 101,464 94,087
Operating lease right-of-use assets 86,807 85,161
Deferred tax assets, net 12,326 12,323
Intangibles, net 15,314 15,290
Other assets 4,898 4,774
Security deposits 855 853
Total assets 288,659 291,024
Current liabilities:    
Accounts payable 11,430 13,055
Accrued expenses 18,562 22,409
Deferred gift card revenue and other 1,542 2,115
Current portion of operating lease liabilities 6,385 6,336
Current portion of long-term debt 750 1,500
Other current liabilities 260 256
Total current liabilities 38,929 45,671
Operating lease liabilities, net of current portion 107,455 105,247
Long-term debt, net of current portion 71,323 70,544
Other long-term liabilities 949 972
Total liabilities 218,656 222,434
Commitments and contingencies (Note 15)
Stockholders' equity:    
Common stock, $0.0001 par value, 75,000,000 shares authorized; 33,093,736 issued and 31,881,079 outstanding at March 31, 2023 and 32,829,995 issued and 31,735,423 outstanding at December 31, 2022 3 3
Preferred stock, $0.0001 par value, 10,000,000 shares authorized; no shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively
Treasury stock, 1,212,657 and 1,094,572 shares at cost at March 31, 2023 and December 31, 2022, respectively (7,904) (7,169)
Additional paid-in capital 55,471 55,583
Retained earnings 26,772 24,166
Accumulated other comprehensive loss (2,939) (2,869)
Total stockholders' equity 71,403 69,714
Noncontrolling interests (1,400) (1,124)
Total equity 70,003 68,590
Total liabilities and equity $ 288,659 $ 291,024