NOODLES & Co

For the period ended Jan 2, 2024. Filed Mar 8, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 8, 2024

NDLS$13.90-1.6%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets as of January and , 2023

Consolidated Balance Sheets

(in thousands, except share data)

	January 2,2024	January 3,2023
Assets
Current assets:
Cash and cash equivalents	$3,013	$1,523
Accounts receivable	5,144	6,443
Inventories	10,251	10,044
Prepaid expenses and other assets	3,879	3,450
Income tax receivable	337	176
Total current assets	22,624	21,636
Property and equipment, net	152,176	129,386
Operating lease assets, net	183,857	183,392
Goodwill	7,154	7,154
Intangibles, net	538	608
Other assets, net	1,746	1,667
Total long-term assets	345,471	322,207
Total assets	$368,095	$343,843
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable	$16,691	$15,308
Accrued payroll and benefits	7,769	9,219
Accrued expenses and other current liabilities	12,950	11,005
Current operating lease liabilities	30,104	28,581
Total current liabilities	67,514	64,113
Long-term debt, net	80,218	46,051
Long-term operating lease liabilities, net	186,285	187,320
Deferred tax liabilities, net	255	229
Other long-term liabilities	6,663	7,766
Total liabilities	340,935	305,479
Commitments and contingencies
Stockholders’ equity:
Preferred stock—$0.01 par value, 1,000,000 shares authorized and undesignated as of January 2, 2024 and January 3, 2023; no shares issued or outstanding	—	—
Common stock—$0.01 par value, 180,000,000 shares authorized as of January 2, 2024 and January 3, 2023; 47,413,585 issued and 44,989,714 outstanding as of January 2, 2024; 48,464,298 issued and 46,040,427 outstanding as of January 3, 2023	474	485
Treasury stock, at cost, 2,423,871 shares as of January 2, 2024 and January 3, 2023, respectively	(35,000)	(35,000)
Additional paid-in capital	209,930	211,267
Accumulated deficit	(148,244)	(138,388)
Total stockholders’ equity	27,160	38,364
Total liabilities and stockholders’ equity	$368,095	$343,843

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.