v3.25.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 194,201 $ 186,650
Receivables, net of allowance of $5,410 (2025) and $3,383 (2024) 91,223 115,218
Restricted cash 47,003 42,448
Prepaid gift card costs 19,982 28,552
Prepaid income taxes 0 1,446
Other current assets 18,340 11,685
Total current assets 370,749 385,999
Non-current restricted cash 22,000 19,500
Property and equipment, net 154,271 156,134
Operating lease right-of-use assets 341,526 323,468
Deferred rent receivable 22,034 24,804
Long-term receivables, net of allowance of $1,033 (2025) and $1,354 (2024) 33,545 35,873
Goodwill 250,260 248,622
Other intangible assets, net 568,710 575,654
Other non-current assets, net 26,852 20,530
Total assets 1,789,947 1,790,584
Current liabilities:    
Current maturities of long-term debt 100,000 100,000
Accounts payable 30,517 37,718
Gift card liability 148,237 177,584
Current maturities of operating lease obligations 64,689 65,336
Current maturities of finance lease and financing obligations 6,514 6,387
Accrued employee compensation and benefits 16,418 16,674
Accrued advertising expenses 12,485 4,735
Dividends payable 7,844 7,790
Other accrued expenses 44,543 29,081
Total current liabilities 431,247 445,305
Long-term debt, net, less current maturities 1,086,992 1,086,551
Operating lease obligations, less current maturities 325,487 310,476
Finance lease obligations, less current maturities 35,341 34,286
Financing obligations, less current maturities 21,365 23,251
Deferred income taxes, net 50,441 54,572
Deferred franchise revenue, long-term 34,294 36,700
Other non-current liabilities 17,325 15,462
Total liabilities 2,002,492 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; June 30, 2025 - 24,676,844 issued, 15,379,495 outstanding; December 31, 2024 - 24,756,637 issued, 15,273,210 outstanding 247 248
Additional paid-in-capital 236,117 254,814
Retained earnings 189,849 183,614
Accumulated other comprehensive loss (73) (76)
Treasury stock, at cost; shares: June 30, 2025 - 9,297,349; December 31, 2024 - 9,483,427 (638,685) (654,619)
Total stockholders’ deficit (212,545) (216,019)
Total liabilities and stockholders’ deficit $ 1,789,947 $ 1,790,584