XML 14 R4.htm IDEA: XBRL DOCUMENT v3.24.3
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Sep. 28, 2024
Sep. 30, 2023
Revenues, net $ 192,887 $ 214,871 $ 601,508 $ 683,594
Cost of revenues 63,391 73,116 196,918 279,148
Gross profit 129,496 141,755 404,590 404,446
Marketing expenses 44,402 48,114 188,260 187,468
Selling, general and administrative expenses 67,094 63,034 173,741 188,638
Franchise rights acquired impairments 57,045   315,033  
Operating (loss) income (39,045) 30,607 (272,444) 28,340
Interest expense 28,619 24,508 81,923 71,429
Other expense (income), net 5,870 815 4,187 (36)
(Loss) income before income taxes (73,534) 5,284 (358,554) (43,053)
(Benefit from) provision for income taxes (27,342) (38,447) 12,270 (18,933)
Net (loss) income $ (46,192) $ 43,731 $ (370,824) $ (24,120)
(Net loss) earnings per share        
Basic $ (0.58) $ 0.55 $ (4.67) $ (0.32)
Diluted $ (0.58) $ 0.54 $ (4.67) $ (0.32)
Weighted average common shares outstanding        
Basic 79,732 78,979 79,474 75,861
Diluted 79,732 80,638 79,474 75,861
Subscription        
Revenues, net $ 191,248 $ 203,496 $ 595,260 $ 626,667
Cost of revenues 63,329 67,080 195,168 233,354
Other        
Revenues, net 1,639 11,375 6,248 56,927
Cost of revenues $ 62 $ 6,036 $ 1,750 $ 45,794