2021 Q2 Form 10-Q Financial Statement

#000127515821000104 Filed on August 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2 2020 Q1
Revenue $125.6M $80.16M $100.3M
YoY Change 56.75% -27.16% -11.35%
Cost Of Revenue $88.81M $62.90M $76.10M
YoY Change 41.2% -23.85% -8.42%
Gross Profit $36.84M $17.20M $24.20M
YoY Change 114.16% -37.23% -19.6%
Gross Profit Margin 29.32% 21.46% 24.12%
Selling, General & Admin $24.66M $21.80M $22.70M
YoY Change 13.12% -3.54% 0.89%
% of Gross Profit 66.95% 126.74% 93.8%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.576M $5.397M $5.335M
YoY Change 3.32% -2.0% -2.29%
% of Gross Profit 15.14% 31.38% 22.05%
Operating Expenses $30.24M $27.20M $28.00M
YoY Change 11.16% -3.2% 0.36%
Operating Profit $6.210M -$12.53M -$4.854M
YoY Change -149.58% 1049.08% -610.95%
Interest Expense $498.0K $920.0K $968.0K
YoY Change -45.87% 20.89% -207.56%
% of Operating Profit 8.02%
Other Income/Expense, Net
YoY Change
Pretax Income $5.712M -$13.45M -$5.822M
YoY Change -142.48% 626.36%
Income Tax $29.00K $33.00K $13.00K
% Of Pretax Income 0.51%
Net Earnings $5.683M -$13.48M -$5.835M
YoY Change -142.17% 628.15% -30810.53%
Net Earnings / Revenue 4.52% -16.81% -5.81%
Basic Earnings Per Share $0.12 -$0.30 -$0.13
Diluted Earnings Per Share $0.12 -$0.30 -$0.13
COMMON SHARES
Basic Shares Outstanding 45.51M shares 44.21M shares 44.14M shares
Diluted Shares Outstanding 46.25M shares 44.21M shares 44.14M shares

Balance Sheet

Concept 2021 Q2 2020 Q2 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.32M $62.10M $50.50M
YoY Change -72.1% 3350.0% 974.47%
Cash & Equivalents $17.30M $62.10M $50.53M
Short-Term Investments
Other Short-Term Assets $117.0K $6.000K $6.000K
YoY Change 1850.0% -99.81% 20.0%
Inventory $9.527M $9.510M $9.538M
Prepaid Expenses
Receivables $4.348M $2.406M $1.926M
Other Receivables $70.00K $200.0K $200.0K
Total Short-Term Assets $34.96M $77.73M $64.86M
YoY Change -55.02% 352.44% 177.74%
LONG-TERM ASSETS
Property, Plant & Equipment $122.4M $124.6M $128.7M
YoY Change -1.8% -9.93% -7.28%
Goodwill $7.154M $7.154M $7.154M
YoY Change 0.0% 0.0% 11.78%
Intangibles $732.0K $855.0K $868.0K
YoY Change -14.39% -27.48% -32.77%
Long-Term Investments
YoY Change
Other Assets $3.496M $2.567M $2.378M
YoY Change 36.19% 8.77% 7.31%
Total Long-Term Assets $325.2M $344.7M $349.3M
YoY Change -5.65% -6.19% 134.95%
TOTAL ASSETS
Total Short-Term Assets $34.96M $77.73M $64.86M
Total Long-Term Assets $325.2M $344.7M $349.3M
Total Assets $360.2M $422.4M $414.2M
YoY Change -14.74% 9.84% 140.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.59M $11.38M $9.350M
YoY Change 10.6% 7.73% 19.05%
Accrued Expenses $12.29M $12.48M $9.898M
YoY Change -1.48% 46.39% -11.49%
Deferred Revenue $300.0K $1.700M $1.200M
YoY Change -82.35%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.500M $750.0K $750.0K
YoY Change 100.0% 0.0% 4.31%
Total Short-Term Liabilities $70.76M $60.97M $50.10M
YoY Change 16.05% 23.94% 51.14%
LONG-TERM LIABILITIES
Long-Term Debt $35.75M $93.04M $85.38M
YoY Change -61.57% 97.81% 93.25%
Other Long-Term Liabilities $10.96M $6.662M $5.346M
YoY Change 64.58% 26.58% 17.39%
Total Long-Term Liabilities $46.72M $99.70M $90.73M
YoY Change -53.14% 90.64% 86.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $70.76M $60.97M $50.10M
Total Long-Term Liabilities $46.72M $99.70M $90.73M
Total Liabilities $324.7M $390.1M $369.3M
YoY Change -16.77% 15.09% 209.4%
SHAREHOLDERS EQUITY
Retained Earnings -$135.0M -$134.8M -$121.3M
YoY Change 0.18% 13.29% 9.16%
Common Stock $480.0K $468.0K $466.0K
YoY Change 2.56% 0.86% 0.43%
Preferred Stock
YoY Change
Treasury Stock (at cost) $35.00M $35.00M $35.00M
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares 2.424M shares 2.424M shares 2.424M shares
Shareholders Equity $35.44M $32.28M $44.91M
YoY Change
Total Liabilities & Shareholders Equity $360.2M $422.4M $414.2M
YoY Change -14.74% 9.84% 140.76%

Cashflow Statement

Concept 2021 Q2 2020 Q2 2020 Q1
OPERATING ACTIVITIES
Net Income $5.683M -$13.48M -$5.835M
YoY Change -142.17% 628.15% -30810.53%
Depreciation, Depletion And Amortization $5.576M $5.397M $5.335M
YoY Change 3.32% -2.0% -2.29%
Cash From Operating Activities $19.47M $7.370M -$658.0K
YoY Change 164.12% 6364.91% -106.44%
INVESTING ACTIVITIES
Capital Expenditures -$4.746M -$2.890M $3.919M
YoY Change 64.22% -169.4% -189.07%
Acquisitions $0.00
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$4.746M -$2.890M -$3.919M
YoY Change 64.22% -47.94% -10.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $2.188M
YoY Change
Cash From Financing Activities -516.0K 7.070M $44.65M
YoY Change -107.3% 173.82% -1554.33%
NET CHANGE
Cash From Operating Activities 19.47M 7.370M -$658.0K
Cash From Investing Activities -4.746M -2.890M -$3.919M
Cash From Financing Activities -516.0K 7.070M $44.65M
Net Change In Cash 14.20M 11.55M $40.07M
YoY Change 22.98% -504.55% 1357.13%
FREE CASH FLOW
Cash From Operating Activities $19.47M $7.370M -$658.0K
Capital Expenditures -$4.746M -$2.890M $3.919M
Free Cash Flow $24.21M $10.26M -$4.577M
YoY Change 135.98% -353.33% -131.31%

Facts In Submission

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1579000 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
5683000 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
35443000 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
44906000 USD
CY2020Q2 ndls Stock Issued During Period Value Increase Decrease Stock Plan Transactions And Other
StockIssuedDuringPeriodValueIncreaseDecreaseStockPlanTransactionsAndOther
-271000 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
1119000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-13478000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
32276000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
29699000 USD
ndls Common Stock Issued Upon Exercise Of Warrants Value
CommonStockIssuedUponExerciseOfWarrantsValue
0 USD
ndls Stock Issued During Period Value Increase Decrease Stock Plan Transactions And Other
StockIssuedDuringPeriodValueIncreaseDecreaseStockPlanTransactionsAndOther
-279000 USD
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
2317000 USD
us-gaap Net Income Loss
NetIncomeLoss
3706000 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
35443000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
50571000 USD
ndls Stock Issued During Period Value Increase Decrease Stock Plan Transactions And Other
StockIssuedDuringPeriodValueIncreaseDecreaseStockPlanTransactionsAndOther
-272000 USD
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
1290000 USD
us-gaap Net Income Loss
NetIncomeLoss
-19313000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
32276000 USD
us-gaap Net Income Loss
NetIncomeLoss
3706000 USD
us-gaap Net Income Loss
NetIncomeLoss
-19313000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
11163000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
10732000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
16000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
47000 USD
ndls Asset Disposals Closure Costs And Restaurant Impairments Less Noncash Portion
AssetDisposalsClosureCostsAndRestaurantImpairmentsLessNoncashPortion
898000 USD
ndls Asset Disposals Closure Costs And Restaurant Impairments Less Noncash Portion
AssetDisposalsClosureCostsAndRestaurantImpairmentsLessNoncashPortion
3029000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
222000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
149000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2283000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1253000 USD
us-gaap Gain On Business Interruption Insurance Recovery
GainOnBusinessInterruptionInsuranceRecovery
406000 USD
us-gaap Gain On Business Interruption Insurance Recovery
GainOnBusinessInterruptionInsuranceRecovery
0 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
521000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1190000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-306000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
961000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-87000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3060000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2722000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-26000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-77000 USD
ndls Increase Decrease In Operating Lease Assets And Liabilities
IncreaseDecreaseInOperatingLeaseAssetsAndLiabilities
830000 USD
ndls Increase Decrease In Operating Lease Assets And Liabilities
IncreaseDecreaseInOperatingLeaseAssetsAndLiabilities
7507000 USD
ndls Increase Decrease In Accrued Liabilities And Other Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherLiabilities
2983000 USD
ndls Increase Decrease In Accrued Liabilities And Other Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherLiabilities
-925000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
23246000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6707000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7476000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6810000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-7476000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6810000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
55500000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
5042000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2375000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
965000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
402000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
731000 USD
ndls Proceeds From Repayments For Stock Plan Transactions Net Of Tax Withholding On Share Based Awards
ProceedsFromRepaymentsForStockPlanTransactionsNetOfTaxWithholdingOnShareBasedAwards
-279000 USD
ndls Proceeds From Repayments For Stock Plan Transactions Net Of Tax Withholding On Share Based Awards
ProceedsFromRepaymentsForStockPlanTransactionsNetOfTaxWithholdingOnShareBasedAwards
-272000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-6286000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
51720000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
9484000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
51617000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7840000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10459000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17324000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
62076000 USD
CY2021Q2 us-gaap Number Of Restaurants
NumberOfRestaurants
451 restaurant
CY2021Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
29 state
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
us-gaap Fiscal Period
FiscalPeriod
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Fiscal Year</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company operates on a 52- or 53-week fiscal year ending on the Tuesday closest to December 31. The Company’s fiscal quarters each contain 13 operating weeks, with the exception of the fourth quarter of a 53-week fiscal year, which contains 14 operating weeks. Fiscal year 2021, which ends on December 28, 2021, and fiscal year 2020, which ended on December 29, 2020, both contain 52 weeks. The Company’s fiscal quarter that ended June 29, 2021 is referred to as the second quarter of 2021, and the fiscal quarter ended June 30, 2020 is referred to as the second quarter of 2020.</span></div>
CY2021Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
4348000 USD
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3428000 USD
CY2021Q2 us-gaap Prepaid Insurance
PrepaidInsurance
992000 USD
CY2020Q4 us-gaap Prepaid Insurance
PrepaidInsurance
744000 USD
CY2021Q2 ndls Prepaid Occupancy Expense Current
PrepaidOccupancyExpenseCurrent
34000 USD
CY2020Q4 ndls Prepaid Occupancy Expense Current
PrepaidOccupancyExpenseCurrent
884000 USD
CY2021Q2 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
2552000 USD
CY2020Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
1092000 USD
CY2021Q2 us-gaap Other Assets Current
OtherAssetsCurrent
117000 USD
CY2020Q4 us-gaap Other Assets Current
OtherAssetsCurrent
39000 USD
CY2021Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
3695000 USD
CY2020Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2759000 USD
CY2021Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
343319000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
334251000 USD
CY2021Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
220920000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
211334000 USD
CY2021Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
122399000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
122917000 USD
CY2021Q2 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
10286000 USD
CY2020Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
6812000 USD
CY2021Q2 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
3699000 USD
CY2020Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
2364000 USD
CY2021Q2 ndls Employee Related Liabilities Insurance Current
EmployeeRelatedLiabilitiesInsuranceCurrent
4256000 USD
CY2020Q4 ndls Employee Related Liabilities Insurance Current
EmployeeRelatedLiabilitiesInsuranceCurrent
3700000 USD
CY2021Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
18241000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
12876000 USD
CY2021Q2 ndls Contract With Customer Gift Card Liability Current
ContractWithCustomerGiftCardLiabilityCurrent
2270000 USD
CY2020Q4 ndls Contract With Customer Gift Card Liability Current
ContractWithCustomerGiftCardLiabilityCurrent
2551000 USD
CY2021Q2 ndls Accrued Occupancy Liability Current
AccruedOccupancyLiabilityCurrent
1792000 USD
CY2020Q4 ndls Accrued Occupancy Liability Current
AccruedOccupancyLiabilityCurrent
1322000 USD
CY2021Q2 us-gaap Accrued Utilities Current
AccruedUtilitiesCurrent
1399000 USD
CY2020Q4 us-gaap Accrued Utilities Current
AccruedUtilitiesCurrent
1338000 USD
CY2021Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
291000 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
427000 USD
CY2021Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1958000 USD
CY2020Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1800000 USD
CY2021Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
4583000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
4194000 USD
CY2021Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
12293000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
11632000 USD
CY2021Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
38800000 USD
CY2021Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
1500000 USD
CY2021Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
3200000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
5000000.0 USD
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17300000 USD
us-gaap Debt Instrument Frequency Of Periodic Payment
DebtInstrumentFrequencyOfPeriodicPayment
quarter
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
1500000 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1969000 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
2406000 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
32889000 USD
CY2021Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
38764000 USD
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
29000 USD
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
33000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
19000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
46000 USD
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.005
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.002
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.005
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.002
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
3000000.0 shares
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1611000 USD
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1094000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2413000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1253000 USD
CY2021Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
16000 USD
CY2020Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
25000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
34000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
37000 USD
CY2021Q2 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
178000 USD
CY2020Q2 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
2135000 USD
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
680000 USD
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
2262000 USD
CY2021Q2 ndls Cost Increase Decrease Related To Closure Cost Of Restaurants Net Of Offsets
CostIncreaseDecreaseRelatedToClosureCostOfRestaurantsNetOfOffsets
288000 USD
CY2020Q2 ndls Cost Increase Decrease Related To Closure Cost Of Restaurants Net Of Offsets
CostIncreaseDecreaseRelatedToClosureCostOfRestaurantsNetOfOffsets
299000 USD
ndls Cost Increase Decrease Related To Closure Cost Of Restaurants Net Of Offsets
CostIncreaseDecreaseRelatedToClosureCostOfRestaurantsNetOfOffsets
593000 USD
ndls Cost Increase Decrease Related To Closure Cost Of Restaurants Net Of Offsets
CostIncreaseDecreaseRelatedToClosureCostOfRestaurantsNetOfOffsets
512000 USD
CY2021Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
76000 USD
CY2020Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-124000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-348000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-840000 USD
CY2021Q2 ndls Asset Disposals Closure Costsand Restaurant Impairments
AssetDisposalsClosureCostsandRestaurantImpairments
390000 USD
CY2020Q2 ndls Asset Disposals Closure Costsand Restaurant Impairments
AssetDisposalsClosureCostsandRestaurantImpairments
2558000 USD
ndls Asset Disposals Closure Costsand Restaurant Impairments
AssetDisposalsClosureCostsandRestaurantImpairments
1621000 USD
ndls Asset Disposals Closure Costsand Restaurant Impairments
AssetDisposalsClosureCostsandRestaurantImpairments
3614000 USD
CY2021Q2 ndls Number Of Restaurants Impaired
NumberOfRestaurantsImpaired
0 restaurant
CY2020Q2 ndls Number Of Restaurants Impaired
NumberOfRestaurantsImpaired
5 restaurant
ndls Number Of Restaurants Impaired
NumberOfRestaurantsImpaired
1 restaurant
ndls Number Of Restaurants Impaired
NumberOfRestaurantsImpaired
5 restaurant
ndls Number Of Restaurants Closed
NumberOfRestaurantsClosed
6 restaurant
ndls Number Of Restaurants Closed
NumberOfRestaurantsClosed
1 restaurant
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
5683000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-13478000 USD
us-gaap Net Income Loss
NetIncomeLoss
3706000 USD
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
us-gaap Net Income Loss
NetIncomeLoss
-19313000 USD
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45506476 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44212751 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45303160 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44177648 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
739693 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
688959 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46246169 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44212751 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45992119 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44177648 shares
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.30
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.44
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.30
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.44
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
478353 shares
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4142754 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
730847 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3309278 shares
CY2021Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
191410000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
195618000 USD
CY2021Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
7456000 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
7822000 USD
CY2021Q2 ndls Total Leased Asset
TotalLeasedAsset
198866000 USD
CY2020Q4 ndls Total Leased Asset
TotalLeasedAsset
203440000 USD
CY2021Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
26141000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
26094000 USD
CY2021Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1958000 USD
CY2020Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1800000 USD
CY2021Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
206977000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
210454000 USD
CY2021Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
5632000 USD
CY2020Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
6056000 USD
CY2021Q2 ndls Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
240708000 USD
CY2020Q4 ndls Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
244404000 USD
CY2021Q2 us-gaap Sublease Income
SubleaseIncome
500000 USD
CY2020Q2 us-gaap Sublease Income
SubleaseIncome
100000 USD
us-gaap Sublease Income
SubleaseIncome
900000 USD
us-gaap Sublease Income
SubleaseIncome
500000 USD
CY2020Q2 ndls Rent Deferred Lease Amendment Executed
RentDeferredLeaseAmendmentExecuted
4000000.0 USD
CY2021Q1 ndls Number Of Right Of Use Operating Lease Assets Impaired
NumberOfRightOfUseOperatingLeaseAssetsImpaired
1 lease
CY2021Q2 ndls Number Of Right Of Use Operating Lease Assets Impaired
NumberOfRightOfUseOperatingLeaseAssetsImpaired
0 lease
CY2020Q2 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
300000 USD
CY2021Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
7929000 USD
CY2020Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
6066000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
19595000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
13574000 USD
CY2021Q2 ndls Finance Lease Principal And Interest Payments
FinanceLeasePrincipalAndInterestPayments
699000 USD
CY2020Q2 ndls Finance Lease Principal And Interest Payments
FinanceLeasePrincipalAndInterestPayments
270000 USD
ndls Finance Lease Principal And Interest Payments
FinanceLeasePrincipalAndInterestPayments
1224000 USD
ndls Finance Lease Principal And Interest Payments
FinanceLeasePrincipalAndInterestPayments
452000 USD
CY2021Q2 ndls Cash Paid For Operating And Finance Lease Liabilities
CashPaidForOperatingAndFinanceLeaseLiabilities
8628000 USD
CY2020Q2 ndls Cash Paid For Operating And Finance Lease Liabilities
CashPaidForOperatingAndFinanceLeaseLiabilities
6336000 USD
ndls Cash Paid For Operating And Finance Lease Liabilities
CashPaidForOperatingAndFinanceLeaseLiabilities
20819000 USD
ndls Cash Paid For Operating And Finance Lease Liabilities
CashPaidForOperatingAndFinanceLeaseLiabilities
14026000 USD
CY2021Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6123000 USD
CY2020Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4557000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6696000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
10281000 USD
CY2021Q2 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
49000 USD
CY2020Q2 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
1238000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
700000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
2842000 USD
CY2021Q2 ndls Rightof Use Asset Obtainedin Exchangefor Operating And Finance Lease Liability
RightofUseAssetObtainedinExchangeforOperatingAndFinanceLeaseLiability
6172000 USD
CY2020Q2 ndls Rightof Use Asset Obtainedin Exchangefor Operating And Finance Lease Liability
RightofUseAssetObtainedinExchangeforOperatingAndFinanceLeaseLiability
5795000 USD
ndls Rightof Use Asset Obtainedin Exchangefor Operating And Finance Lease Liability
RightofUseAssetObtainedinExchangeforOperatingAndFinanceLeaseLiability
7396000 USD
ndls Rightof Use Asset Obtainedin Exchangefor Operating And Finance Lease Liability
RightofUseAssetObtainedinExchangeforOperatingAndFinanceLeaseLiability
13123000 USD
us-gaap Interest Paid Net
InterestPaidNet
864000 USD
us-gaap Interest Paid Net
InterestPaidNet
1666000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
28000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
25000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
4002000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1793000 USD
ndls Revenue Recognition Gift Cards Expected Unredeemed Percent
RevenueRecognitionGiftCardsExpectedUnredeemedPercent
0.09
ndls Revenue Recognition Gift Cards Estimated Redemption Period
RevenueRecognitionGiftCardsEstimatedRedemptionPeriod
P24M
CY2021Q2 ndls Contract With Customer Gift Card Liability Including New Contract Revenue Recognized
ContractWithCustomerGiftCardLiabilityIncludingNewContractRevenueRecognized
800000 USD
CY2020Q2 ndls Contract With Customer Gift Card Liability Including New Contract Revenue Recognized
ContractWithCustomerGiftCardLiabilityIncludingNewContractRevenueRecognized
600000 USD
ndls Contract With Customer Gift Card Liability Including New Contract Revenue Recognized
ContractWithCustomerGiftCardLiabilityIncludingNewContractRevenueRecognized
1900000 USD
ndls Contract With Customer Gift Card Liability Including New Contract Revenue Recognized
ContractWithCustomerGiftCardLiabilityIncludingNewContractRevenueRecognized
2100000 USD
ndls Contract With Customer Periodin Which Initial Fees Receivedfrom Franchiseeswillbe Recognizedas Revenue
ContractWithCustomerPeriodinWhichInitialFeesReceivedfromFranchiseeswillbeRecognizedasRevenue
P20Y
CY2021Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
300000 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
400000 USD

Files In Submission

Name View Source Status
0001275158-21-000104-index-headers.html Edgar Link pending
0001275158-21-000104-index.html Edgar Link pending
0001275158-21-000104.txt Edgar Link pending
0001275158-21-000104-xbrl.zip Edgar Link pending
a2021q2ex101kathylockharte.htm Edgar Link pending
a2021q2ex102suepetersenemp.htm Edgar Link pending
a2021q2ex103coreyklineempl.htm Edgar Link pending
a2021q2exhibit311.htm Edgar Link pending
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