Quarterly report pursuant to Section 13 or 15(d)

Accrued Expenses

v3.21.2
Accrued Expenses
6 Months Ended
Jun. 30, 2021
Accrued Expenses  
Accrued Expenses

Note 4 – Accrued Expenses

Accrued expenses consist of the following (in thousands):

June 30, 

December 31, 

2021

2020

Payroll and related (1)(2)

$

9,373

 

$

4,860

Accrued lease exit costs (3)

4,144

4,144

VAT and sales taxes

2,063

 

1,119

Amounts due to landlords

1,601

1,883

Insurance

 

707

 

330

Interest

497

474

Legal, professional and other services

 

464

301

Income taxes and related

463

Construction on new restaurants

 

417

 

Other

 

4,039

 

2,573

Total

$

23,768

$

15,684

(1) Payroll and related includes $2.6 million in employer payroll taxes at June 30, 2021 and December 31, 2020 for which payment has been deferred under the CARES Act.
(2) Payroll and related includes $2.1 million in employee payroll taxes associated with stock option exercises at June 30, 2021 for which the Company expects to remit payment to the respective jurisdiction in the third quarter of 2021.
(3) Amount relates to lease exit costs for restaurants never built and still under dispute with landlords.