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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 29, 2025
Mar. 30, 2024
Operating activities:    
Net loss $ (72,585) $ (347,902)
Adjustments to reconcile net loss to cash provided by (used for) operating activities:    
Depreciation and amortization 6,914 10,403
Amortization of deferred financing costs and debt discount 1,254 1,254
Impairment of franchise rights acquired 27,549 257,988
Impairment of intangible and long-lived assets 94 24
Share-based compensation expense 860 2,402
Deferred tax benefit (2,529) (18,244)
Allowance for doubtful accounts 84 1,427
Reserve for inventory obsolescence (8) 85
Foreign currency exchange rate loss (gain) 2,238 (1,304)
Changes in cash due to:    
Receivables 761 5,118
Inventories 8 79
Prepaid expenses 5,946 13,882
Accounts payable 19,435 4,130
Accrued liabilities 8,785 (26,393)
Deferred revenue (154) 2,321
Other long term assets and liabilities, net (107) (1,796)
Income taxes 16,453 60,491
Cash provided by (used for) operating activities 14,998 (36,035)
Investing activities:    
Capital expenditures (5) (476)
Capitalized software and website development expenditures (3,170) (4,333)
Other items, net 0 (1)
Cash used for investing activities (3,175) (4,810)
Financing activities:    
Borrowings on revolving credit facility 171,341  
Taxes paid related to net share settlement of equity awards (93) (114)
Cash paid for acquisitions 0 (500)
Other items, net 0 (2)
Cash provided by (used for) financing activities 171,248 (616)
Effect of exchange rate changes on cash and cash equivalents and restricted cash 1,529 (1,290)
Net increase (decrease) in cash and cash equivalents and restricted cash 184,600 (42,751)
Cash and cash equivalents and restricted cash, beginning of period 56,520 109,366
Cash and cash equivalents and restricted cash, end of period $ 241,120 $ 66,615