2022 Q3 Form 10-Q Financial Statement

#000127515822000078 Filed on July 28, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $129.4M $131.1M $112.6M
YoY Change 3.4% 4.31% 2.72%
Cost Of Revenue $97.29M $97.28M $88.13M
YoY Change 8.86% 9.54% 8.13%
Gross Profit $32.10M $33.78M $24.43M
YoY Change -10.24% -8.29% -13.05%
Gross Profit Margin 24.81% 25.78% 21.71%
Selling, General & Admin $23.07M $24.17M $23.40M
YoY Change -2.82% -1.98% 3.53%
% of Gross Profit 71.87% 71.55% 95.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.826M $5.763M $5.721M
YoY Change 4.58% 3.35% 2.4%
% of Gross Profit 18.15% 17.06% 23.42%
Operating Expenses $28.89M $29.93M $29.12M
YoY Change -1.42% -1.0% 3.26%
Operating Profit $1.529M $1.878M -$6.075M
YoY Change -71.26% -69.76% 345.05%
Interest Expense $735.0K $489.0K $437.0K
YoY Change 23.74% -1.81% -29.74%
% of Operating Profit 48.07% 26.04%
Other Income/Expense, Net
YoY Change
Pretax Income $794.0K $1.389M -$6.512M
YoY Change -83.2% -75.68% 227.73%
Income Tax -$1.000K $44.00K -$83.00K
% Of Pretax Income -0.13% 3.17%
Net Earnings $795.0K $1.345M -$6.429M
YoY Change -83.07% -76.33% 225.19%
Net Earnings / Revenue 0.61% 1.03% -5.71%
Basic Earnings Per Share $0.02 $0.03 -$0.14
Diluted Earnings Per Share $0.02 $0.03 -$0.14
COMMON SHARES
Basic Shares Outstanding 45.70M shares 45.88M shares 45.73M shares
Diluted Shares Outstanding 46.20M shares 46.11M shares 45.73M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.840M $1.789M $1.601M
YoY Change -41.57% -89.67% -48.35%
Cash & Equivalents $1.840M $1.800M $1.600M
Short-Term Investments
Other Short-Term Assets $122.0K $152.0K $155.0K
YoY Change 4.27% 29.91% 260.47%
Inventory $10.05M $9.930M $9.719M
Prepaid Expenses
Receivables $5.122M $3.967M $4.425M
Other Receivables $227.0K $211.0K $107.0K
Total Short-Term Assets $21.65M $20.50M $19.63M
YoY Change 0.89% -41.38% 0.83%
LONG-TERM ASSETS
Property, Plant & Equipment $124.4M $124.0M $122.3M
YoY Change 2.34% 1.34% 0.49%
Goodwill $7.154M $7.154M $7.154M
YoY Change 0.0% 0.0% 0.0%
Intangibles $624.0K $640.0K $654.0K
YoY Change -13.57% -12.57% -12.21%
Long-Term Investments
YoY Change
Other Assets $1.343M $1.311M $1.520M
YoY Change -60.93% -62.5% -55.33%
Total Long-Term Assets $321.6M $318.1M $318.1M
YoY Change -0.45% -2.18% -1.72%
TOTAL ASSETS
Total Short-Term Assets $21.65M $20.50M $19.63M
Total Long-Term Assets $321.6M $318.1M $318.1M
Total Assets $343.2M $338.6M $337.8M
YoY Change -0.36% -5.99% -1.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.60M $15.28M $15.31M
YoY Change 25.39% 21.4% 33.59%
Accrued Expenses $11.54M $12.40M $12.21M
YoY Change -7.27% 0.85% 2.48%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $1.813M
YoY Change -100.0% -100.0% 61.16%
Total Short-Term Liabilities $66.46M $69.97M $67.61M
YoY Change -2.71% -1.12% 7.12%
LONG-TERM LIABILITIES
Long-Term Debt $36.14M $31.14M $32.31M
YoY Change 73.85% -12.9% -10.31%
Other Long-Term Liabilities $8.070M $8.159M $8.706M
YoY Change -22.63% -25.58% -24.31%
Total Long-Term Liabilities $44.21M $39.30M $41.01M
YoY Change 41.61% -15.88% -13.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $66.46M $69.97M $67.61M
Total Long-Term Liabilities $44.21M $39.30M $41.01M
Total Liabilities $306.9M $303.7M $305.7M
YoY Change 1.14% -6.47% -2.96%
SHAREHOLDERS EQUITY
Retained Earnings -$139.4M -$140.2M -$141.5M
YoY Change 6.93% 3.8% 0.56%
Common Stock $484.0K $484.0K $483.0K
YoY Change 0.62% 0.83% 0.84%
Preferred Stock
YoY Change
Treasury Stock (at cost) $35.00M
YoY Change 0.0%
Treasury Stock Shares 2.424M shares
Shareholders Equity $36.38M $34.89M $32.05M
YoY Change
Total Liabilities & Shareholders Equity $343.2M $338.6M $337.8M
YoY Change -0.36% -5.99% -1.58%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $795.0K $1.345M -$6.429M
YoY Change -83.07% -76.33% 225.19%
Depreciation, Depletion And Amortization $5.826M $5.763M $5.721M
YoY Change 4.58% 3.35% 2.4%
Cash From Operating Activities $1.777M $12.10M -$6.060M
YoY Change -73.28% -37.82% -260.36%
INVESTING ACTIVITIES
Capital Expenditures -$5.825M -$8.312M $8.412M
YoY Change 6.12% 75.14% 207.79%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $1.577M
YoY Change -100.0%
Cash From Investing Activities -$5.825M -$8.312M -$6.835M
YoY Change 14.6% 75.14% 150.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $750.0K
YoY Change -85.12%
Cash From Financing Activities 4.099M -3.603M $12.24M
YoY Change -126.04% 598.26% -312.19%
NET CHANGE
Cash From Operating Activities 1.777M 12.10M -$6.060M
Cash From Investing Activities -5.825M -8.312M -$6.835M
Cash From Financing Activities 4.099M -3.603M $12.24M
Net Change In Cash 51.00K 188.0K -$654.0K
YoY Change -100.36% -98.68% -86.15%
FREE CASH FLOW
Cash From Operating Activities $1.777M $12.10M -$6.060M
Capital Expenditures -$5.825M -$8.312M $8.412M
Free Cash Flow $7.602M $20.42M -$14.47M
YoY Change -37.38% -15.68% -1483.56%

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CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
32045000 usd
CY2022Q2 ndls Stock Issued During Period Value Increase Decrease Stock Plan Transactions And Other
StockIssuedDuringPeriodValueIncreaseDecreaseStockPlanTransactionsAndOther
-18000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
1515000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
1345000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
34887000 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
28125000 usd
CY2021Q2 ndls Stock Issued During Period Value Increase Decrease Stock Plan Transactions And Other
StockIssuedDuringPeriodValueIncreaseDecreaseStockPlanTransactionsAndOther
56000 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
1579000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
5683000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
35443000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
37633000 usd
ndls Stock Issued During Period Value Increase Decrease Stock Plan Transactions And Other
StockIssuedDuringPeriodValueIncreaseDecreaseStockPlanTransactionsAndOther
-317000 usd
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
2655000 usd
us-gaap Net Income Loss
NetIncomeLoss
-5084000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
34887000 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
us-gaap Net Income Loss
NetIncomeLoss
-5084000 usd
us-gaap Net Income Loss
NetIncomeLoss
3706000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
11484000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
11163000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-40000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
16000 usd
ndls Asset Disposals Closure Costs And Restaurant Impairments Less Noncash Portion
AssetDisposalsClosureCostsAndRestaurantImpairmentsLessNoncashPortion
1363000 usd
ndls Asset Disposals Closure Costs And Restaurant Impairments Less Noncash Portion
AssetDisposalsClosureCostsAndRestaurantImpairmentsLessNoncashPortion
898000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
223000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
222000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2618000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2283000 usd
us-gaap Gain On Business Interruption Insurance Recovery
GainOnBusinessInterruptionInsuranceRecovery
0 usd
us-gaap Gain On Business Interruption Insurance Recovery
GainOnBusinessInterruptionInsuranceRecovery
406000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
55000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
521000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
588000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-768000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
961000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-438000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3060000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-103000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-26000 usd
ndls Increase Decrease In Operating Lease Assets And Liabilities
IncreaseDecreaseInOperatingLeaseAssetsAndLiabilities
-1741000 usd
ndls Increase Decrease In Operating Lease Assets And Liabilities
IncreaseDecreaseInOperatingLeaseAssetsAndLiabilities
830000 usd
ndls Increase Decrease In Accrued Liabilities And Other Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherLiabilities
-2364000 usd
ndls Increase Decrease In Accrued Liabilities And Other Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherLiabilities
2983000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6043000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
23246000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
16724000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7476000 usd
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
1577000 usd
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
0 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-15147000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-7476000 usd
us-gaap Proceeds From Other Short Term Debt
ProceedsFromOtherShortTermDebt
509000 usd
us-gaap Proceeds From Other Short Term Debt
ProceedsFromOtherShortTermDebt
0 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
10600000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1125000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
5042000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1002000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
965000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
27000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 usd
ndls Proceeds From Repayments For Stock Plan Transactions Net Of Tax Withholding On Share Based Awards
ProceedsFromRepaymentsForStockPlanTransactionsNetOfTaxWithholdingOnShareBasedAwards
-317000 usd
ndls Proceeds From Repayments For Stock Plan Transactions Net Of Tax Withholding On Share Based Awards
ProceedsFromRepaymentsForStockPlanTransactionsNetOfTaxWithholdingOnShareBasedAwards
-279000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
8638000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-6286000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-466000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
9484000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2255000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7840000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1789000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17324000 usd
CY2022Q2 us-gaap Number Of Restaurants
NumberOfRestaurants
456 restaurant
CY2022Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
31 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 2022, which ends on January 3, 2023 contains 53 weeks and fiscal year 2021, which ended on December 28, 2021, contained 52 weeks. The Company’s fiscal quarter that ended June 28, 2022 is referred to as the second quarter of 2022, and the fiscal quarter ended June 29, 2021 is referred to as the second quarter of 2021.</span></div>
CY2022Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3967000 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3958000 usd
CY2022Q2 us-gaap Prepaid Insurance
PrepaidInsurance
1719000 usd
CY2021Q4 us-gaap Prepaid Insurance
PrepaidInsurance
853000 usd
CY2022Q2 ndls Prepaid Occupancy Expense Current
PrepaidOccupancyExpenseCurrent
61000 usd
CY2021Q4 ndls Prepaid Occupancy Expense Current
PrepaidOccupancyExpenseCurrent
73000 usd
CY2022Q2 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
0 usd
CY2021Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
3514000 usd
CY2022Q2 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
2666000 usd
CY2021Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
2272000 usd
CY2022Q2 us-gaap Other Assets Current
OtherAssetsCurrent
152000 usd
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
125000 usd
CY2022Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4598000 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
6837000 usd
CY2022Q2 ndls Employee Related Liabilities Insurance Current
EmployeeRelatedLiabilitiesInsuranceCurrent
3023000 usd
CY2021Q4 ndls Employee Related Liabilities Insurance Current
EmployeeRelatedLiabilitiesInsuranceCurrent
3671000 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
358425000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
344726000 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
234391000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
225450000 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
124034000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
119276000 usd
CY2022Q2 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
10756000 usd
CY2021Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
9851000 usd
CY2022Q2 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
993000 usd
CY2021Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
5078000 usd
CY2022Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
14772000 usd
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
18600000 usd
CY2022Q2 ndls Contract With Customer Gift Card Liability Current
ContractWithCustomerGiftCardLiabilityCurrent
2447000 usd
CY2021Q4 ndls Contract With Customer Gift Card Liability Current
ContractWithCustomerGiftCardLiabilityCurrent
2850000 usd
CY2022Q2 ndls Accrued Occupancy Liability Current
AccruedOccupancyLiabilityCurrent
1705000 usd
CY2021Q4 ndls Accrued Occupancy Liability Current
AccruedOccupancyLiabilityCurrent
1615000 usd
CY2022Q2 us-gaap Accrued Utilities Current
AccruedUtilitiesCurrent
1379000 usd
CY2021Q4 us-gaap Accrued Utilities Current
AccruedUtilitiesCurrent
1302000 usd
CY2022Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
2075000 usd
CY2021Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1956000 usd
CY2022Q2 ndls Operating Lease Liabilities Current Held For Sale
OperatingLeaseLiabilitiesCurrentHeldForSale
0 usd
CY2021Q4 ndls Operating Lease Liabilities Current Held For Sale
OperatingLeaseLiabilitiesCurrentHeldForSale
1671000 usd
CY2022Q2 us-gaap Interest Payable Current
InterestPayableCurrent
285000 usd
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
271000 usd
CY2022Q2 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
359000 usd
CY2021Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
393000 usd
CY2022Q2 ndls Other Accrued Restaurant Expense Current
OtherAccruedRestaurantExpenseCurrent
1279000 usd
CY2021Q4 ndls Other Accrued Restaurant Expense Current
OtherAccruedRestaurantExpenseCurrent
995000 usd
CY2022Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2869000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2738000 usd
CY2022Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
12398000 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
13791000 usd
CY2022Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
32200000 usd
CY2022Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
1100000 usd
CY2022Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
3000000 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1800000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
44000 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
29000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-39000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
19000 usd
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.032
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.005
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.008
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.005
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2400000 shares
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1499000 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1611000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2668000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2413000 usd
CY2022Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
18000 usd
CY2021Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
16000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
38000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
34000 usd
us-gaap Net Income Loss
NetIncomeLoss
-5084000 usd
CY2022Q2 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
668000 usd
CY2021Q2 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
178000 usd
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
774000 usd
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
680000 usd
CY2022Q2 ndls Cost Increase Decrease Related To Closure Cost Of Restaurants Net Of Offsets
CostIncreaseDecreaseRelatedToClosureCostOfRestaurantsNetOfOffsets
465000 usd
CY2021Q2 ndls Cost Increase Decrease Related To Closure Cost Of Restaurants Net Of Offsets
CostIncreaseDecreaseRelatedToClosureCostOfRestaurantsNetOfOffsets
288000 usd
ndls Cost Increase Decrease Related To Closure Cost Of Restaurants Net Of Offsets
CostIncreaseDecreaseRelatedToClosureCostOfRestaurantsNetOfOffsets
855000 usd
ndls Cost Increase Decrease Related To Closure Cost Of Restaurants Net Of Offsets
CostIncreaseDecreaseRelatedToClosureCostOfRestaurantsNetOfOffsets
593000 usd
CY2022Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-838000 usd
CY2021Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
76000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-1731000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-348000 usd
CY2022Q2 ndls Asset Disposals Closure Costs And Restaurant Impairments
AssetDisposalsClosureCostsAndRestaurantImpairments
1971000 usd
ndls Number Of Restaurants Impaired
NumberOfRestaurantsImpaired
1 restaurant
CY2021Q2 ndls Asset Disposals Closure Costs And Restaurant Impairments
AssetDisposalsClosureCostsAndRestaurantImpairments
390000 usd
ndls Asset Disposals Closure Costs And Restaurant Impairments
AssetDisposalsClosureCostsAndRestaurantImpairments
3360000 usd
ndls Asset Disposals Closure Costs And Restaurant Impairments
AssetDisposalsClosureCostsAndRestaurantImpairments
1621000 usd
CY2022Q2 ndls Number Of Restaurants Impaired
NumberOfRestaurantsImpaired
2 restaurant
ndls Number Of Restaurants Impaired
NumberOfRestaurantsImpaired
2 restaurant
CY2021Q2 ndls Number Of Restaurants Impaired
NumberOfRestaurantsImpaired
0 restaurant
ndls Number Of Restaurants Closed
NumberOfRestaurantsClosed
2 restaurant
CY2022Q2 ndls Number Of Restaurants Closed
NumberOfRestaurantsClosed
0 restaurant
ndls Number Of Restaurants Closed
NumberOfRestaurantsClosed
6 restaurant
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
1345000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
5683000 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45303160 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
227366 shares
us-gaap Net Income Loss
NetIncomeLoss
3706000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45881354 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45506476 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45803927 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
739693 shares
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
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46108720 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46246169 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45803927 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45992119 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.11
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.11
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1798409 shares
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
478353 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2278371 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
730847 shares
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
184947000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
188440000 usd
CY2022Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
5924000 usd
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
6394000 usd
CY2022Q2 ndls Total Leased Asset
TotalLeasedAsset
190871000 usd
CY2021Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1956000 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
194197000 usd
CY2021Q4 ndls Total Leased Asset
TotalLeasedAsset
194834000 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
27518000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
26617000 usd
CY2022Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
2075000 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
200243000 usd
CY2022Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
4150000 usd
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
4654000 usd
CY2022Q2 ndls Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
227940000 usd
CY2021Q4 ndls Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
233470000 usd
CY2022Q2 us-gaap Sublease Income
SubleaseIncome
800000 usd
CY2021Q2 us-gaap Sublease Income
SubleaseIncome
500000 usd
us-gaap Sublease Income
SubleaseIncome
1600000 usd
us-gaap Sublease Income
SubleaseIncome
900000 usd
CY2022Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
10415000 usd
CY2021Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
7929000 usd
ndls Finance Lease Principal And Interest Payments
FinanceLeasePrincipalAndInterestPayments
1224000 usd
CY2022Q2 ndls Cash Paid For Operating And Finance Lease Liabilities
CashPaidForOperatingAndFinanceLeaseLiabilities
11014000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
20859000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
19595000 usd
CY2022Q2 ndls Finance Lease Principal And Interest Payments
FinanceLeasePrincipalAndInterestPayments
599000 usd
CY2021Q2 ndls Finance Lease Principal And Interest Payments
FinanceLeasePrincipalAndInterestPayments
699000 usd
ndls Finance Lease Principal And Interest Payments
FinanceLeasePrincipalAndInterestPayments
1213000 usd
CY2021Q2 ndls Cash Paid For Operating And Finance Lease Liabilities
CashPaidForOperatingAndFinanceLeaseLiabilities
8628000 usd
ndls Cash Paid For Operating And Finance Lease Liabilities
CashPaidForOperatingAndFinanceLeaseLiabilities
22072000 usd
ndls Cash Paid For Operating And Finance Lease Liabilities
CashPaidForOperatingAndFinanceLeaseLiabilities
20819000 usd
CY2022Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4275000 usd
CY2021Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6123000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
8107000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6696000 usd
CY2022Q2 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
121000 usd
CY2021Q2 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
49000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
843000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
700000 usd
CY2022Q2 ndls Right Of Use Asset Obtained In Exchange For Operating And Finance Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingAndFinanceLeaseLiability
4396000 usd
CY2021Q2 ndls Right Of Use Asset Obtained In Exchange For Operating And Finance Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingAndFinanceLeaseLiability
6172000 usd
ndls Right Of Use Asset Obtained In Exchange For Operating And Finance Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingAndFinanceLeaseLiability
8950000 usd
ndls Right Of Use Asset Obtained In Exchange For Operating And Finance Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingAndFinanceLeaseLiability
7396000 usd
us-gaap Interest Paid Net
InterestPaidNet
461000 usd
us-gaap Interest Paid Net
InterestPaidNet
864000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
106000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
28000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
5504000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
4002000 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
CY2022Q2 ndls Contract With Customer Gift Card Liability Including New Contract Revenue Recognized
ContractWithCustomerGiftCardLiabilityIncludingNewContractRevenueRecognized
800000 usd
ndls Contract With Customer Gift Card Liability Including New Contract Revenue Recognized
ContractWithCustomerGiftCardLiabilityIncludingNewContractRevenueRecognized
1800000 usd
ndls Contract With Customer Gift Card Liability Including New Contract Revenue Recognized
ContractWithCustomerGiftCardLiabilityIncludingNewContractRevenueRecognized
1900000 usd
ndls Contract With Customer Period In Which Initial Fees Received From Franchisees Will Be Recognized As Revenue
ContractWithCustomerPeriodInWhichInitialFeesReceivedFromFranchiseesWillBeRecognizedAsRevenue
P20Y
CY2022Q2 ndls Contract With Customer Loyalty Program Liability Current
ContractWithCustomerLoyaltyProgramLiabilityCurrent
500000 usd
CY2021Q4 ndls Contract With Customer Loyalty Program Liability Current
ContractWithCustomerLoyaltyProgramLiabilityCurrent
400000 usd

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