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Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($) $ in Thousands Dec. 31, 2018 Revenues: Total revenues $ 138,667 Restaurant operating

Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($) $ in Thousands

Dec. 31, 2018

Revenues:

Total revenues

$ 138,667

Restaurant operating expenses:

Cost of Goods Sold

115,636

Operating income before other operating expenses

23,031

Other operating expenses:

General and administrative

11,202

Depreciation and amortization

616

Impairment

734

Restaurant closures and refranchising costs and related asset write-downs

12,996

Loss (gain) on disposal of property and equipment and other

47

Total other operating expenses

25,595

Operating (loss) income

(2,564)

Amortization of deferred debt issuance costs

(162)

Interest income

Interest expense

(1,354)

(Loss) income before income taxes

(4,080)

Income tax benefit (expense)

1,368

Net (loss) income

(2,712)

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands

Dec. 30, 2018

Current assets:

Cash and cash equivalents

$ 16,020

Accounts and vendor receivables, net of allowance for doubtful accounts of $769 and $289

4,081

Accounts receivable, related parties, net of allowance for doubtful accounts of $28 and $28

543

Inventories, net

2,841

Other current assets

12,588

Total current assets

36,073

Property and equipment, net

38,164

Goodwill

161,140

Brand

290,500

Franchise rights, net

20,284

Favorable leases, net

429

Other noncurrent assets

4,292

Total assets

550,882

Current liabilities:

Accounts payable

12,130

Accrued expenses

24,922

Current maturities of capital lease obligations

8,472

Other current liabilities

4,047

Total current liabilities

49,571

Long-term debt, less current maturities and deferred debt issuance costs, net

97,842

Deferred income taxes

64,430

Capital lease obligations, less current maturities

18,619

Noncurrent closed store obligation

11,316

Other noncurrent liabilities

17,504

Total liabilities

259,282

Commitments and contingencies (notes 3, 13 and 15)

Stockholders' equity:

Preferred stock, $0.01 par value; 25,000 shares authorized and no shares issued and outstanding as of both September 30, 2018 and December 31, 2017

Common stock, $0.01 par value; 150,000 shares authorized, 37,883 shares issued and 37,473 shares outstanding as of September 30, 2018 and 37,069 shares issued and 36,899 shares outstanding as of December 31, 2017

379

Treasury stock, 410 and 170 shares at cost as of September 30, 2018 and December 31, 2017, respectively

(4,859)

Additional paid-in capital

136,830

Retained earnings

158,625

Accumulated other comprehensive income

625

Total stockholders' equity

291,600

Total liabilities and stockholders' equity

$ 550,882

How long (days) on average does it take the firm to pay off its accounts payable?

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