2021 Q4 Form 10-Q Financial Statement

#000127515821000121 Filed on November 09, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q4
Revenue $114.8M $125.1M $107.2M
YoY Change 7.09% 18.06% -9.39%
Cost Of Revenue $87.45M $89.37M $79.70M
YoY Change 9.72% 16.82% -5.9%
Gross Profit $27.35M $35.76M $27.50M
YoY Change -0.53% 21.62% -18.15%
Gross Profit Margin 23.83% 28.58% 25.65%
Selling, General & Admin $23.12M $23.74M $22.80M
YoY Change 1.41% 4.11% 0.0%
% of Gross Profit 84.53% 66.39% 82.91%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.599M $5.571M $5.440M
YoY Change 2.92% 0.54% -0.33%
% of Gross Profit 20.47% 15.58% 19.78%
Operating Expenses $28.72M $29.31M $28.20M
YoY Change 1.85% 3.2% -0.35%
Operating Profit -$1.368M $5.320M -$700.0K
YoY Change 95.43% 636.84% -113.88%
Interest Expense -$368.0K $594.0K -$400.0K
YoY Change -8.0% -27.74% -154.27%
% of Operating Profit 11.17%
Other Income/Expense, Net
YoY Change
Pretax Income -$4.716M $4.726M -$3.800M
YoY Change 24.11% -4826.0% -188.23%
Income Tax $16.00K $29.00K $0.00
% Of Pretax Income 0.61%
Net Earnings -$4.738M $4.697M -$3.800M
YoY Change 24.68% -3798.43% -189.56%
Net Earnings / Revenue -4.13% 3.75% -3.54%
Basic Earnings Per Share $0.10
Diluted Earnings Per Share -$103.7K $0.10 -$85.59K
COMMON SHARES
Basic Shares Outstanding 45.69M shares 45.64M shares 44.37M shares
Diluted Shares Outstanding 46.38M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.255M $3.149M $7.800M
YoY Change -71.09% -63.38% 151.61%
Cash & Equivalents $2.255M $3.100M $7.840M
Short-Term Investments
Other Short-Term Assets $125.0K $117.0K $39.00K
YoY Change 220.51% 200.0% -97.78%
Inventory $9.404M $9.708M $9.643M
Prepaid Expenses
Receivables $3.958M $3.852M $3.428M
Other Receivables $108.0K $66.00K $100.0K
Total Short-Term Assets $22.56M $21.46M $23.71M
YoY Change -4.86% -16.48% -19.13%
LONG-TERM ASSETS
Property, Plant & Equipment $119.3M $121.6M $122.9M
YoY Change -2.96% -1.48% -4.62%
Goodwill $7.154M $7.154M $7.200M
YoY Change -0.64% 0.0% 0.64%
Intangibles $668.0K $722.0K $757.0K
YoY Change -11.76% -14.05% -14.27%
Long-Term Investments
YoY Change
Other Assets $3.359M $3.437M $3.471M
YoY Change -3.23% 12.1% 34.74%
Total Long-Term Assets $318.9M $323.0M $329.9M
YoY Change -3.34% -4.28% -5.52%
TOTAL ASSETS
Total Short-Term Assets $22.56M $21.46M $23.71M
Total Long-Term Assets $318.9M $323.0M $329.9M
Total Assets $341.5M $344.5M $353.6M
YoY Change -3.44% -5.14% -6.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.54M $12.44M $6.402M
YoY Change 142.78% -5.31% -31.54%
Accrued Expenses $13.79M $12.44M $11.63M
YoY Change 18.56% -5.33% -0.4%
Deferred Revenue $400.0K $200.0K $400.0K
YoY Change 0.0% -90.0% -33.33%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.031M $1.500M $1.125M
YoY Change 80.53% 59.91% 50.0%
Total Short-Term Liabilities $76.58M $68.31M $58.13M
YoY Change 31.74% 12.08% 0.16%
LONG-TERM LIABILITIES
Long-Term Debt $18.93M $20.79M $40.95M
YoY Change -53.77% -49.56% 1.12%
Other Long-Term Liabilities $7.801M $10.43M $14.16M
YoY Change -44.91% 24.09% 236.9%
Total Long-Term Liabilities $26.73M $31.22M $55.11M
YoY Change -51.49% -37.08% 23.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $76.58M $68.31M $58.13M
Total Long-Term Liabilities $26.73M $31.22M $55.11M
Total Liabilities $303.8M $303.4M $323.9M
YoY Change -6.21% -8.15% -1.22%
SHAREHOLDERS EQUITY
Retained Earnings -$135.1M -$130.3M -$138.7M
YoY Change -2.64% -3.4% 20.14%
Common Stock $481.0K $481.0K $468.0K
YoY Change 2.78% 2.78% 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 $37.63M $41.10M $29.70M
YoY Change
Total Liabilities & Shareholders Equity $341.5M $344.5M $353.6M
YoY Change -3.44% -5.14% -6.58%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q4
OPERATING ACTIVITIES
Net Income -$4.738M $4.697M -$3.800M
YoY Change 24.68% -3798.43% -189.56%
Depreciation, Depletion And Amortization $5.599M $5.571M $5.440M
YoY Change 2.92% 0.54% -0.33%
Cash From Operating Activities $6.269M $6.650M $810.0K
YoY Change 673.95% 315.63% -88.84%
INVESTING ACTIVITIES
Capital Expenditures -$5.811M -$5.489M -$1.890M
YoY Change 207.46% 78.21% -66.07%
Acquisitions
YoY Change
Other Investing Activities $0.00 $406.0K $840.0K
YoY Change -100.0%
Cash From Investing Activities -$5.811M -$5.083M -$1.060M
YoY Change 448.21% 65.03% -80.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.352M -15.74M -530.0K
YoY Change 155.09% -69.72% -72.82%
NET CHANGE
Cash From Operating Activities 6.269M 6.650M 810.0K
Cash From Investing Activities -5.811M -5.083M -1.060M
Cash From Financing Activities -1.352M -15.74M -530.0K
Net Change In Cash -894.0K -14.17M -780.0K
YoY Change 14.62% -73.49% 200.0%
FREE CASH FLOW
Cash From Operating Activities $6.269M $6.650M $810.0K
Capital Expenditures -$5.811M -$5.489M -$1.890M
Free Cash Flow $12.08M $12.14M $2.700M
YoY Change 347.41% 159.38% -78.96%

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CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
4697000 USD
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
41102000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
32276000 USD
CY2020Q3 ndls Stock Issued During Period Value Increase Decrease Stock Plan Transactions And Other
StockIssuedDuringPeriodValueIncreaseDecreaseStockPlanTransactionsAndOther
49000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
664000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-127000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
32862000 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
-481000 USD
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
3481000 USD
us-gaap Net Income Loss
NetIncomeLoss
8403000 USD
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
41102000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
50571000 USD
ndls Stock Issued During Period Value Increase Decrease Stock Plan Transactions And Other
StockIssuedDuringPeriodValueIncreaseDecreaseStockPlanTransactionsAndOther
-223000 USD
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
1954000 USD
us-gaap Net Income Loss
NetIncomeLoss
-19440000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
32862000 USD
us-gaap Net Income Loss
NetIncomeLoss
8403000 USD
us-gaap Net Income Loss
NetIncomeLoss
-19440000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
16734000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
16273000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
41000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
72000 USD
ndls Asset Disposals Closure Costs And Restaurant Impairments Less Noncash Portion
AssetDisposalsClosureCostsAndRestaurantImpairmentsLessNoncashPortion
1441000 USD
ndls Asset Disposals Closure Costs And Restaurant Impairments Less Noncash Portion
AssetDisposalsClosureCostsAndRestaurantImpairmentsLessNoncashPortion
3034000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
333000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
260000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3436000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1904000 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
431000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-230000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
221000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-75000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1893000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
802000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3149000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3505000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-22000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
27000 USD
ndls Increase Decrease In Operating Lease Assets And Liabilities
IncreaseDecreaseInOperatingLeaseAssetsAndLiabilities
-649000 USD
ndls Increase Decrease In Operating Lease Assets And Liabilities
IncreaseDecreaseInOperatingLeaseAssetsAndLiabilities
4034000 USD
ndls Increase Decrease In Accrued Liabilities And Other Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherLiabilities
-19000 USD
ndls Increase Decrease In Accrued Liabilities And Other Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherLiabilities
-858000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
29896000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
8314000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
12965000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9887000 USD
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
406000 USD
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-12559000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-9887000 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
20118000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
54125000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1429000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
686000 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
-481000 USD
ndls Proceeds From Repayments For Stock Plan Transactions Net Of Tax Withholding On Share Based Awards
ProceedsFromRepaymentsForStockPlanTransactionsNetOfTaxWithholdingOnShareBasedAwards
-223000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-22028000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-265000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4691000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1838000 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
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3149000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8621000 USD
CY2021Q3 us-gaap Number Of Restaurants
NumberOfRestaurants
450 restaurant
CY2021Q3 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
29 state
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
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 September 28, 2021 is referred to as the third quarter of 2021, and the fiscal quarter ended September 29, 2020 is referred to as the third quarter of 2020.</span></div>
CY2021Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3852000 USD
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3428000 USD
CY2021Q3 us-gaap Prepaid Insurance
PrepaidInsurance
1347000 USD
CY2020Q4 us-gaap Prepaid Insurance
PrepaidInsurance
744000 USD
CY2021Q3 ndls Prepaid Occupancy Expense Current
PrepaidOccupancyExpenseCurrent
60000 USD
CY2020Q4 ndls Prepaid Occupancy Expense Current
PrepaidOccupancyExpenseCurrent
884000 USD
CY2021Q3 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
3162000 USD
CY2020Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
1092000 USD
CY2021Q3 us-gaap Other Assets Current
OtherAssetsCurrent
117000 USD
CY2020Q4 us-gaap Other Assets Current
OtherAssetsCurrent
39000 USD
CY2021Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4686000 USD
CY2020Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2759000 USD
CY2021Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
347080000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
334251000 USD
CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
225489000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
211334000 USD
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
121591000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
122917000 USD
CY2021Q3 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
6243000 USD
CY2020Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
6812000 USD
CY2021Q3 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
5474000 USD
CY2020Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
2364000 USD
CY2021Q3 ndls Employee Related Liabilities Insurance Current
EmployeeRelatedLiabilitiesInsuranceCurrent
3452000 USD
CY2020Q4 ndls Employee Related Liabilities Insurance Current
EmployeeRelatedLiabilitiesInsuranceCurrent
3700000 USD
CY2021Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
15169000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
12876000 USD
CY2021Q3 ndls Contract With Customer Gift Card Liability Current
ContractWithCustomerGiftCardLiabilityCurrent
2189000 USD
CY2020Q4 ndls Contract With Customer Gift Card Liability Current
ContractWithCustomerGiftCardLiabilityCurrent
2551000 USD
CY2021Q3 ndls Accrued Occupancy Liability Current
AccruedOccupancyLiabilityCurrent
2109000 USD
CY2020Q4 ndls Accrued Occupancy Liability Current
AccruedOccupancyLiabilityCurrent
1322000 USD
CY2021Q3 us-gaap Accrued Utilities Current
AccruedUtilitiesCurrent
1412000 USD
CY2020Q4 us-gaap Accrued Utilities Current
AccruedUtilitiesCurrent
1338000 USD
CY2021Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1957000 USD
CY2020Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1800000 USD
CY2021Q3 us-gaap Interest Payable Current
InterestPayableCurrent
316000 USD
CY2020Q4 us-gaap Interest Payable Current
InterestPayableCurrent
375000 USD
CY2021Q3 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
404000 USD
CY2020Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
398000 USD
CY2021Q3 ndls Other Accrued Restaurant Expense Current
OtherAccruedRestaurantExpenseCurrent
1170000 USD
CY2020Q4 ndls Other Accrued Restaurant Expense Current
OtherAccruedRestaurantExpenseCurrent
1079000 USD
CY2021Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2884000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2769000 USD
CY2021Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
12441000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
11632000 USD
CY2021Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
23700000 USD
CY2021Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
1400000 USD
CY2021Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
3200000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
20100000 USD
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3100000 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
1500000 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
2125000 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
2500000 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
17563000 USD
CY2021Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
23688000 USD
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
29000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
27000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
48000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
73000 USD
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.006
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.270
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.006
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.004
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
3000000 shares
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1177000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
708000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3590000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1960000 USD
CY2021Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
11000 USD
CY2020Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
12000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
45000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
50000 USD
CY2020Q3 ndls Asset Disposals Closure Costs And Restaurant Impairments
AssetDisposalsClosureCostsAndRestaurantImpairments
369000 USD
CY2021Q3 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
536000 USD
CY2020Q3 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
113000 USD
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
1216000 USD
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
2375000 USD
CY2021Q3 ndls Cost Increase Decrease Related To Closure Cost Of Restaurants Net Of Offsets
CostIncreaseDecreaseRelatedToClosureCostOfRestaurantsNetOfOffsets
236000 USD
CY2020Q3 ndls Cost Increase Decrease Related To Closure Cost Of Restaurants Net Of Offsets
CostIncreaseDecreaseRelatedToClosureCostOfRestaurantsNetOfOffsets
-168000 USD
ndls Cost Increase Decrease Related To Closure Cost Of Restaurants Net Of Offsets
CostIncreaseDecreaseRelatedToClosureCostOfRestaurantsNetOfOffsets
829000 USD
ndls Cost Increase Decrease Related To Closure Cost Of Restaurants Net Of Offsets
CostIncreaseDecreaseRelatedToClosureCostOfRestaurantsNetOfOffsets
345000 USD
CY2021Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-354000 USD
CY2020Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-424000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-702000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-1263000 USD
CY2021Q3 ndls Asset Disposals Closure Costs And Restaurant Impairments
AssetDisposalsClosureCostsAndRestaurantImpairments
1126000 USD
ndls Asset Disposals Closure Costs And Restaurant Impairments
AssetDisposalsClosureCostsAndRestaurantImpairments
2747000 USD
ndls Asset Disposals Closure Costs And Restaurant Impairments
AssetDisposalsClosureCostsAndRestaurantImpairments
3983000 USD
CY2021Q3 ndls Number Of Restaurants Impaired
NumberOfRestaurantsImpaired
1 restaurant
CY2020Q3 ndls Number Of Restaurants Impaired
NumberOfRestaurantsImpaired
0 restaurant
ndls Number Of Restaurants Impaired
NumberOfRestaurantsImpaired
2 restaurant
ndls Number Of Restaurants Impaired
NumberOfRestaurantsImpaired
5 restaurant
ndls Number Of Restaurants Closed
NumberOfRestaurantsClosed
8 restaurant
ndls Number Of Restaurants Closed
NumberOfRestaurantsClosed
3 restaurant
us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
600000 USD
CY2020Q3 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
600000 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
4697000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-127000 USD
us-gaap Net Income Loss
NetIncomeLoss
8403000 USD
us-gaap Net Income Loss
NetIncomeLoss
-19440000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45635455 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44358763 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45414332 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44238400 shares
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
747054 shares
CY2020Q3 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
720662 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46382509 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44358763 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46134994 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44238400 shares
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.19
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.44
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.18
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.44
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
359211 shares
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3107448 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
479494 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3251799 shares
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
190134000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
195618000 USD
CY2021Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
6924000 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
7822000 USD
CY2021Q3 ndls Total Leased Asset
TotalLeasedAsset
197058000 USD
CY2020Q4 ndls Total Leased Asset
TotalLeasedAsset
203440000 USD
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
26757000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
26094000 USD
CY2021Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1957000 USD
CY2020Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1800000 USD
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
203589000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
210454000 USD
CY2021Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
5149000 USD
CY2020Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
6056000 USD
CY2021Q3 ndls Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
237452000 USD
CY2020Q4 ndls Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
244404000 USD
CY2021Q3 us-gaap Sublease Income
SubleaseIncome
400000 USD
CY2020Q3 us-gaap Sublease Income
SubleaseIncome
200000 USD
us-gaap Sublease Income
SubleaseIncome
1400000 USD
us-gaap Sublease Income
SubleaseIncome
700000 USD
CY2020Q3 ndls Rent Deferred Lease Amendment Executed
RentDeferredLeaseAmendmentExecuted
4200000 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
CY2021Q3 ndls Number Of Right Of Use Operating Lease Assets Impaired
NumberOfRightOfUseOperatingLeaseAssetsImpaired
0 lease
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
300000 USD
CY2020Q2 ndls Number Of Right Of Use Operating Lease Assets Impaired
NumberOfRightOfUseOperatingLeaseAssetsImpaired
1 lease
CY2021Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
11285000 USD
CY2020Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
14784000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
30880000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
28358000 USD
CY2021Q3 ndls Finance Lease Principal And Interest Payments
FinanceLeasePrincipalAndInterestPayments
583000 USD
CY2020Q3 ndls Finance Lease Principal And Interest Payments
FinanceLeasePrincipalAndInterestPayments
324000 USD
ndls Finance Lease Principal And Interest Payments
FinanceLeasePrincipalAndInterestPayments
1807000 USD
ndls Finance Lease Principal And Interest Payments
FinanceLeasePrincipalAndInterestPayments
776000 USD
CY2021Q3 ndls Cash Paid For Operating And Finance Lease Liabilities
CashPaidForOperatingAndFinanceLeaseLiabilities
11868000 USD
CY2020Q3 ndls Cash Paid For Operating And Finance Lease Liabilities
CashPaidForOperatingAndFinanceLeaseLiabilities
15108000 USD
ndls Cash Paid For Operating And Finance Lease Liabilities
CashPaidForOperatingAndFinanceLeaseLiabilities
32687000 USD
ndls Cash Paid For Operating And Finance Lease Liabilities
CashPaidForOperatingAndFinanceLeaseLiabilities
29134000 USD
CY2021Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4110000 USD
CY2020Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
108000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
10806000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
10388000 USD
CY2021Q3 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 USD
CY2020Q3 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
545000 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
3387000 USD
CY2021Q3 ndls Right Of Use Asset Obtained In Exchange For Operating And Finance Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingAndFinanceLeaseLiability
4110000 USD
CY2020Q3 ndls Right Of Use Asset Obtained In Exchange For Operating And Finance Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingAndFinanceLeaseLiability
653000 USD
ndls Right Of Use Asset Obtained In Exchange For Operating And Finance Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingAndFinanceLeaseLiability
11506000 USD
ndls Right Of Use Asset Obtained In Exchange For Operating And Finance Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingAndFinanceLeaseLiability
13775000 USD
us-gaap Interest Paid Net
InterestPaidNet
1163000 USD
us-gaap Interest Paid Net
InterestPaidNet
1902000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
30000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-78000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
3777000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2818000 USD
ndls Revenue Recognition Gift Cards Expected Unredeemed Percent
RevenueRecognitionGiftCardsExpectedUnredeemedPercent
0.09
ndls Revenue Recognition Gift Cards Estimated Redemption Period
RevenueRecognitionGiftCardsEstimatedRedemptionPeriod
P24M
CY2020Q3 ndls Contract With Customer Gift Card Liability Including New Contract Revenue Recognized
ContractWithCustomerGiftCardLiabilityIncludingNewContractRevenueRecognized
600000 USD
CY2021Q3 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
2500000 USD
ndls Contract With Customer Gift Card Liability Including New Contract Revenue Recognized
ContractWithCustomerGiftCardLiabilityIncludingNewContractRevenueRecognized
2800000 USD
ndls Contract With Customer Period In Which Initial Fees Received From Franchisees Will Be Recognized As Revenue
ContractWithCustomerPeriodInWhichInitialFeesReceivedFromFranchiseesWillBeRecognizedAsRevenue
P20Y
CY2021Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
200000 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
400000 USD

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