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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Operating activities:    
Net loss $ (347,902) $ (118,679)
Adjustments to reconcile net loss to cash used for operating activities:    
Depreciation and amortization 10,403 11,989
Amortization of deferred financing costs and debt discount 1,254 1,254
Impairment of franchise rights acquired 257,988  
Impairment of intangible and long-lived assets 24 171
Share-based compensation expense 2,402 2,669
Deferred tax benefit (18,244) (3,110)
Allowance for doubtful accounts 2,757 (74)
Reserve for inventory obsolescence 85 2,037
Foreign currency exchange rate gain (1,304) (389)
Changes in cash due to:    
Receivables 3,788 (5,961)
Inventories 79 7,994
Prepaid expenses 13,882 4,937
Accounts payable 4,130 2,728
Accrued liabilities (26,393) 3,188
Deferred revenue 2,321 3,405
Other long term assets and liabilities, net (1,796) 734
Income taxes 60,491 60,385
Cash used for operating activities (36,035) (26,722)
Investing activities:    
Capital expenditures (476) (990)
Capitalized software and website development expenditures (4,333) (9,350)
Other items, net (1) (8)
Cash used for investing activities (4,810) (10,348)
Financing activities:    
Taxes paid related to net share settlement of equity awards (114) (205)
Proceeds from stock options exercised   7
Cash paid for acquisitions (500) (500)
Other items, net (2) (26)
Cash used for financing activities (616) (724)
Effect of exchange rate changes on cash and cash equivalents (1,290) 315
Net decrease in cash and cash equivalents (42,751) (37,479)
Cash and cash equivalents, beginning of period 109,366 178,326
Cash and cash equivalents, end of period $ 66,615 $ 140,847