v3.25.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 186,505 $ 186,650
Receivables, net of allowance of $5,398 (2025) and $3,383 (2024) 91,151 115,218
Restricted cash 44,439 42,448
Prepaid gift card costs 22,299 28,552
Prepaid income taxes 0 1,446
Other current assets 15,727 11,685
Total current assets 360,121 385,999
Non-current restricted cash 19,500 19,500
Property and equipment, net 155,251 156,134
Operating lease right-of-use assets 332,907 323,468
Deferred rent receivable 23,076 24,804
Long-term receivables, net of allowance of $1,314 (2025) and $1,354 (2024) 34,293 35,873
Goodwill 248,622 248,622
Other intangible assets, net 570,262 575,654
Other non-current assets, net 22,308 20,530
Total assets 1,766,340 1,790,584
Current liabilities:    
Current maturities of long-term debt 100,000 100,000
Accounts payable 35,838 37,718
Gift card liability 149,122 177,584
Current maturities of operating lease obligations 64,913 65,336
Current maturities of finance lease and financing obligations 6,448 6,387
Accrued employee compensation and benefits 11,089 16,674
Accrued advertising expenses 6,520 4,735
Dividends payable 7,975 7,790
Other accrued expenses 32,774 29,081
Total current liabilities 414,679 445,305
Long-term debt, net, less current maturities 1,087,084 1,086,551
Operating lease obligations, less current maturities 320,430 310,476
Finance lease obligations, less current maturities 36,236 34,286
Financing obligations, less current maturities 21,730 23,251
Deferred income taxes, net 50,079 54,572
Deferred franchise revenue, long-term 35,397 36,700
Other non-current liabilities 16,451 15,462
Total liabilities 1,982,086 2,006,603
Commitments and contingencies
Stockholders’ deficit:    
Preferred stock, $1 par value, 10,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $0.01 par value; shares: 40,000,000 authorized; March 31, 2025 - 24,698,028 issued, 15,635,229 outstanding; December 31, 2024 - 24,756,637 issued, 15,273,210 outstanding 247 248
Additional paid-in-capital 233,443 254,814
Retained earnings 183,857 183,614
Accumulated other comprehensive loss (75) (76)
Treasury stock, at cost; shares: March 31, 2025 - 9,062,799; December 31, 2024 - 9,483,427 (633,218) (654,619)
Total stockholders’ deficit (215,746) (216,019)
Total liabilities and stockholders’ deficit $ 1,766,340 $ 1,790,584