Ruth’s Hospitality Group, Inc. RUTH Balance Sheet

Ruth’s hospitality group, inc. (RUTH)

Balance Sheet / Yearly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jul'18	Apr'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
Assets
Current assets:
Cash and cash equivalents
70,792	5,567	3,308	3,148	3,116	5,062	4,877	3,045	2,168	4,051	4,862	5,228	3,048	3,788	3,954	3,553	2,661	3,095	2,792	5,130	3,424	4,301	3,486	3,212	3,723	10,586	5,277	5,530	6,324	7,909	3,912	4,489	3,054	3,925	2,548	3,354	5,018
Accounts receivable, less allowance for doubtful accounts 2020 - $270; 2019 - $241
8,642	23,769	16,584	15,576	12,211	19,476	11,332	10,800	13,127	21,626	9,789	8,786	9,800	20,790	8,738	9,460	9,922	18,501	13,562	16,265	20,657	20,458	13,617	9,691	10,419	13,409	10,224	8,938	9,878	11,295	8,949	8,423	10,004	12,715	8,605	8,815	11,977
Inventory
8,450	9,623	8,873	8,545	8,476	9,296	7,989	8,105	8,368	8,688	7,247	7,554	7,569	7,396	7,138	7,254	7,511	7,479	7,065	7,112	7,123	7,206	7,506	7,676	7,721	7,913	7,038	7,202	7,410	7,921	6,886	7,285	7,526	7,358	6,857	6,892	7,521
Assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	250	250	250	250	15,119	-	-	-	-	0	0	0	1,153	-	-	-	0	-	-	-
Prepaid expenses and other
2,913	3,052	2,568	3,099	3,068	2,528	2,393	2,971	2,476	2,680	2,232	2,669	2,201	2,446	3,272	2,513	1,987	1,259	1,813	2,251	1,829	1,291	1,891	2,236	2,095	2,484	1,926	2,248	2,225	1,863	2,414	1,583	1,558	1,448	1,395	1,393	1,314
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,458	3,640	3,685	-	5,628	7,039	6,935	4,598	2,034	2,267	2,093	1,855	1,620	2,014	1,584	1,623	1,671	1,671	1,672
Total current assets
90,797	42,011	31,333	30,368	26,871	36,362	26,591	24,921	26,139	37,045	24,130	24,237	22,618	34,420	23,102	22,780	22,081	30,584	28,940	34,648	36,968	48,375	32,128	29,854	30,893	38,990	26,499	26,185	27,930	31,996	23,781	23,794	23,726	27,069	21,076	22,125	27,502
Property and equipment, net of accumulated depreciation 2020 - $170,188; 2019 - $173,845
140,967	142,962	137,771	129,010	125,637	125,991	120,813	114,748	112,474	112,212	103,518	103,431	104,745	103,041	95,874	94,671	90,717	87,984	84,909	82,252	80,779	80,354	87,173	92,395	91,088	91,470	91,957	90,936	88,657	89,979	96,740	96,398	97,047	99,154	100,050	101,368	105,151
Operating lease right of use assets
200,489	206,358	195,629	191,847	166,189	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill
45,549	45,549	45,549	36,522	36,522	36,522	36,522	36,522	36,522	36,522	24,293	24,293	24,293	24,293	24,293	24,293	24,293	24,293	24,293	24,293	24,293	24,293	24,293	24,293	24,293	22,097	22,097	22,097	22,097	22,097	22,097	22,097	22,097	22,097	22,097	22,097	22,097
Finite-lived intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,771	-	5,864	5,891	-	6,031	-	-	-	-	-	-	-
Franchise rights
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32,418	-	32,200	32,200	32,200	32,200	32,200	32,200	32,200	32,200	32,200	32,200	32,200
Trademarks
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	118	118	118	-	2,965	10,276	10,276	10,276	10,676	10,676	10,676	10,676	10,676	10,676	10,676	10,676	13,718	13,718	13,718
Other intangibles, net of accumulated amortization 2013 - $2,560; 2012 - $2,456
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,927	-	6,156	6,261	6,365	6,470	6,575	6,720	7,138
Deferred income taxes
6,901	4,929	4,806	5,642	5,671	5,353	4,949	5,754	5,843	4,947	5,452	9,008	9,382	9,924	13,244	14,309	16,385	19,309	14,082	12,331	11,448	28,829	26,421	20,705	21,994	24,984	31,677	31,485	33,464	33,820	36,319	35,879	37,342	38,928	38,104	38,285	36,795
Other assets
778	702	595	573	625	604	582	603	623	644	643	664	713	699	703	987	1,109	1,216	1,322	1,432	1,539	1,704	1,955	2,059	2,155	2,260	2,357	2,690	2,796	2,903	3,020	3,170	3,276	3,626	3,857	4,101	4,468
Total assets
535,860	496,876	470,709	441,991	410,023	254,613	239,771	233,396	231,811	242,096	193,072	196,683	196,824	207,472	192,333	192,179	189,774	198,597	188,479	189,911	189,979	218,567	212,854	217,606	218,888	228,081	223,327	222,160	223,747	229,702	230,989	230,475	232,729	240,220	237,677	240,614	249,069
Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable
7,616	13,598	8,860	8,819	9,129	10,273	6,537	8,118	7,384	10,510	7,642	8,542	8,672	7,064	7,556	7,742	9,405	10,018	9,600	9,545	8,884	13,414	9,202	10,500	12,063	14,965	9,508	9,527	9,901	13,126	10,479	8,521	8,499	8,014	6,903	8,924	8,710
Accrued payroll
10,550	17,303	12,962	14,638	12,590	19,475	14,130	13,326	13,018	15,903	11,709	11,778	12,178	14,902	11,544	10,387	11,397	17,064	14,594	12,883	12,937	15,304	11,849	11,565	12,580	18,128	14,951	12,694	13,340	16,023	11,329	11,911	11,056	12,914	8,937	9,715	12,115
Accrued expenses
5,417	10,574	7,670	8,873	6,493	10,535	7,779	8,045	8,687	11,203	6,545	6,550	7,656	11,672	6,595	7,541	7,892	9,280	6,361	7,427	6,247	11,065	9,357	7,757	6,582	8,457	7,283	8,384	6,750	7,097	5,466	5,247	5,245	9,127	6,460	6,352	8,415
Deferred revenue
47,403	52,856	40,999	40,108	42,506	48,370	36,794	33,812	36,579	42,596	27,483	28,957	31,405	38,155	23,466	25,996	28,799	35,202	23,801	25,556	28,454	34,552	24,797	23,913	26,093	31,836	20,289	20,430	23,780	31,214	22,392	22,561	26,646	30,082	21,163	19,890	28,238
Current operating lease liabilities
17,516	14,313	14,218	13,440	14,421	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	38,000	30,000	8,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities associated with assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	4,869	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current liabilities
2,837	4,237	2,680	2,532	5,921	6,619	3,541	4,751	8,100	8,313	4,962	9,087	10,936	7,622	6,109	6,011	5,932	6,308	4,955	5,189	5,349	7,277	5,923	7,883	7,873	7,217	7,681	5,865	7,365	7,189	5,834	6,390	6,120	6,182	5,482	7,005	8,385
Total current liabilities
91,339	112,881	87,389	88,410	91,060	95,272	68,781	68,052	73,768	88,525	58,341	64,914	70,847	79,415	93,270	87,677	71,425	77,872	59,311	60,600	61,871	86,481	61,128	61,618	65,191	80,603	59,712	56,900	61,136	74,649	55,500	54,630	57,566	66,319	48,945	51,886	65,863
Long-term debt
145,000	64,000	83,000	45,000	39,000	41,000	54,000	50,000	43,000	50,000	30,000	21,000	14,000	25,000	0	0	0	0	5,000	0	3,000	13,000	30,000	22,000	22,000	19,000	37,000	40,000	43,000	45,000	69,000	71,000	77,000	22,000	39,400	40,000	51,000
Operating lease liabilities
222,941	223,292	210,821	207,628	178,412	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred rent
-	-	-	-	-	23,692	23,004	22,741	22,406	21,993	22,230	22,020	21,970	21,737	21,253	21,147	20,730	20,275	20,345	20,618	20,329	19,990	22,999	22,796	22,732	23,235	23,056	23,509	24,002	24,358	23,466	23,120	23,110	23,037	23,008	23,167	22,284
Unearned franchise fees
2,430	2,489	2,738	2,797	2,855	2,680	2,803	2,859	3,034	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
69	69	50	45	47	1,837	1,897	1,955	2,014	2,074	2,132	2,192	2,251	2,311	2,370	2,429	2,488	2,548	2,606	2,666	2,725	2,785	4,310	4,404	4,497	4,590	4,682	4,776	4,869	4,962	5,055	5,148	5,241	5,333	5,438	5,546	6,023
Total liabilities
461,779	402,731	383,998	343,880	311,374	164,481	150,485	145,607	144,222	162,592	112,703	110,126	109,068	128,463	116,893	111,253	94,643	100,695	87,262	83,884	87,925	122,256	118,437	110,818	114,420	127,428	124,450	125,185	133,007	148,969	153,021	153,898	162,917	116,689	116,791	120,599	145,170
Commitments and contingencies (Note 12)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	-	-	-	0	0	0	0	-	0	0	0	0	0	0	0
Shareholders' equity:
Series A 10% Redeemable Convertible Preferred Stock, par value $0.01 per share; no shares issued and outstanding at December 30, 2012, 25,000 shares authorized, issued and outstanding, liquidation preference of $25,000 at December 25, 2011
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	23,891	23,803	23,715	23,538
Common stock, par value $.01 per share; 100,000,000 shares authorized, 27,617,472 shares issued and outstanding at March 29, 2020, 28,418,691 shares issued and outstanding at December 29, 2019
276	284	286	292	294	293	297	297	298	296	301	304	307	305	309	314	326	331	339	342	343	343	347	349	351	350	350	349	345	344	344	343	342	341	342	341	339
Additional paid-in capital
28,652	40,462	43,669	55,738	61,652	61,819	72,479	71,194	77,169	77,017	84,643	89,680	95,825	95,266	98,679	105,461	124,225	135,403	146,152	151,417	152,869	155,457	159,778	163,071	165,854	169,107	168,427	166,559	168,095	167,404	166,633	166,047	165,114	200,524	199,958	199,350	198,304
Retained earnings
45,153	53,399	42,756	42,081	36,703	28,020	16,510	16,298	10,122	2,191	-4,575	-3,427	-8,376	-16,562	-23,548	-24,849	-29,420	-37,832	-45,274	-45,732	-51,158	-59,489	-65,708	-56,632	-61,737	-68,804	-69,900	-69,933	-77,700	-87,015	-89,009	-89,813	-95,644	-101,225	-103,217	-103,391	-118,282
Treasury stock, at cost; 71,950 shares at March 29, 2020 and December 29, 2019
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	-	0	0	0	-	-	0	0	0	-	0	0	0	0	0	0	0
Total shareholders' equity
74,081	94,145	86,711	98,111	98,649	90,132	89,286	87,789	87,589	79,504	80,369	86,557	87,756	79,009	75,440	80,926	95,131	97,902	101,217	106,027	102,054	96,311	94,417	106,788	104,468	100,653	98,877	96,975	90,740	80,733	77,968	76,577	69,812	99,640	97,083	96,300	80,361
Total liabilities and shareholders' equity
535,860	496,876	470,709	441,991	410,023	254,613	239,771	233,396	231,811	242,096	193,072	196,683	196,824	207,472	192,333	192,179	189,774	198,597	188,479	189,911	189,979	218,567	212,854	217,606	218,888	228,081	223,327	222,160	223,747	229,702	230,989	230,475	232,729	240,220	237,677	240,614	249,069
Franchise Rights [Member]
Intangible assets, net of accumulated amortization
46,168	49,916	50,545	43,991	44,438	44,919	45,399	45,880	46,360	46,822	32,200	32,200	32,200	32,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Intangible Assets [Member]
Intangible assets, net of accumulated amortization
4,211	4,449	4,481	4,038	4,070	4,862	4,915	4,968	3,850	3,904	2,836	2,850	2,873	2,895	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-