Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jul. 03, 2023 |
Jun. 30, 2022 |
Jul. 03, 2023 |
Jun. 30, 2022 |
|
| Revenue | ||||
| Restaurant sales | $ 40,808 | $ 42,236 | $ 84,124 | $ 84,592 |
| Total Revenue | 43,427 | 45,298 | 89,154 | 90,228 |
| Restaurant level operating expenses: | ||||
| Food, beverage and paper costs | 10,772 | 12,545 | 22,382 | 25,352 |
| Labor and related expenses | 12,699 | 12,328 | 25,916 | 24,910 |
| Other operating expenses | 7,760 | 7,421 | 15,216 | 14,613 |
| Occupancy and related expenses | 3,930 | 3,890 | 7,763 | 7,725 |
| General and administrative expenses | 5,812 | 7,406 | 12,388 | 13,432 |
| Depreciation and amortization expense | 3,295 | 4,730 | 6,522 | 9,174 |
| Share-based compensation expense | 556 | 909 | 5,230 | 8,285 |
| Brand development, co-op and advertising expenses | 933 | 1,126 | 2,029 | 1,839 |
| Goodwill and intangible asset impairment | 0 | 55,168 | 0 | 55,168 |
| Restructuring costs and other charges, net | 1,135 | 52 | 2,174 | 1,040 |
| Total Operating Expenses | 46,892 | 105,575 | 99,620 | 161,538 |
| Operating Loss | (3,465) | (60,277) | (10,466) | (71,310) |
| Interest expense, net | (2,211) | (2,246) | (4,289) | (4,318) |
| (Loss) gain on change in value of warrant liability | (318) | 1,858 | (391) | 1,324 |
| Other loss | (5) | (47) | (80) | |
| Loss before income taxes | (5,999) | (60,712) | (15,151) | (74,384) |
| Income tax (expense) benefit | (2) | 335 | (2) | 447 |
| Net loss | $ (6,001) | $ (60,377) | $ (15,153) | $ (73,937) |
| Weighted average common shares outstanding: | ||||
| Basic (in shares) | 24,891,449 | 22,214,628 | 24,216,199 | 22,089,799 |
| Diluted (in shares) | 24,891,449 | 22,214,628 | 24,216,199 | 22,089,799 |
| Net loss per common share: | ||||
| Basic (in USD per share) | $ (0.24) | $ (2.72) | $ (0.63) | $ (3.35) |
| Diluted (in USD per share) | $ (0.24) | $ (2.72) | $ (0.63) | $ (3.35) |
| Accumulated Deficit | ||||
| Restaurant level operating expenses: | ||||
| Other loss | $ (5) | |||
| Net loss | $ (60,377) | (15,153) | $ (73,937) | |
| Royalty and other fees | ||||
| Revenue | ||||
| Revenues | $ 2,190 | 2,611 | 4,160 | 4,714 |
| Royalty - brand development and co-op | ||||
| Revenue | ||||
| Revenues | $ 429 | $ 451 | $ 870 | $ 922 |
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- Definition Food beverage and paper costs. No definition available.
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- Definition Restaurant level operating expenses. No definition available.
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense (income) related to adjustment to fair value of warrant liability. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Total loss recognized during the period from the impairment of goodwill plus the loss recognized in the period resulting from the impairment of the carrying amount of intangible assets, other than goodwill. No definition available.
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The total expense recognized in the period for promotion, public relations, and brand or product advertising. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of net occupancy expense that may include items, such as depreciation of facilities and equipment, lease expenses, property taxes and property and casualty insurance expense. Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after cash payment, of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue that is not accounted for under Topic 606. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of noncash expense for share-based payment arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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