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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Jun. 29, 2024
Jul. 01, 2023
Revenues, net $ 202,073 $ 226,830 $ 408,621 $ 468,724
Cost of revenues 64,779 83,650 133,527 206,033
Gross profit 137,294 143,180 275,094 262,691
Marketing expenses 53,696 51,119 143,858 139,353
Selling, general and administrative expenses 47,665 65,744 106,647 125,604
Franchise rights acquired impairments     257,988  
Operating income (loss) 35,933 26,317 (233,399) (2,266)
Interest expense 28,577 24,075 53,304 46,921
Other income, net (78) (520) (1,683) (851)
Income (loss) before income taxes 7,434 2,762 (285,020) (48,336)
(Benefit from) provision for income taxes (15,835) (48,066) 39,613 19,515
Net income (loss) $ 23,269 $ 50,828 $ (324,633) $ (67,851)
Earnings (net loss) per share        
Basic $ 0.29 $ 0.65 $ (4.09) $ (0.91)
Diluted $ 0.29 $ 0.65 $ (4.09) $ (0.91)
Weighted average common shares outstanding        
Basic 79,483 78,007 79,345 74,302
Diluted 79,825 78,591 79,345 74,302
Subscription        
Revenues, net $ 199,956 $ 212,140 $ 404,012 $ 423,172
Cost of revenues 64,023 71,378 131,839 166,275
Other        
Revenues, net 2,117 14,690 4,609 45,552
Cost of revenues $ 756 $ 12,272 $ 1,688 $ 39,758