XML 18 R7.htm IDEA: XBRL DOCUMENT v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 27, 2023
Sep. 28, 2022
OPERATING ACTIVITIES    
Net income (loss) (including amounts attributable to non-controlling interests) $ 13,737 $ (14,896)
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Depreciation and amortization expense 66,704 53,589
Amortization of debt issuance costs 786 786
Amortization of cloud computing asset 1,320 1,080
Non-cash operating lease cost 49,775 43,159
Equity-based compensation 11,220 10,155
Deferred income taxes 7,092 12,215
Non-cash interest expense 94 181
Gain on sale of equity securities (81) 0
Net amortization of discount on held-to-maturity securities 939 0
Impairment and loss on disposal of assets 2,098 1,697
Unrealized loss on equity securities 0 400
Changes in operating assets and liabilities:    
Accounts receivable (12) 1,840
Inventories (424) (146)
Prepaid expenses and other current assets (3,056) (4,767)
Other assets (4,750) (5,966)
Accounts payable (5,064) (2,069)
Accrued expenses (6,424) (17,783)
Accrued wages and related liabilities 555 3,052
Other current liabilities (2,757) 4,376
Operating lease liabilities (41,725) (32,558)
Other long-term liabilities 2,442 (10)
NET CASH PROVIDED BY OPERATING ACTIVITIES 90,591 54,335
INVESTING ACTIVITIES    
Purchases of property and equipment (113,033) (94,797)
Purchases of held-to-maturity securities (94,019) 0
Purchases of equity securities (690) (415)
Sales of equity securities 81,478 0
NET CASH USED IN INVESTING ACTIVITIES (126,264) (95,212)
FINANCING ACTIVITIES    
Payments on principal of finance leases (2,383) (2,260)
Distributions paid to non-controlling interest holders (131) (389)
Proceeds from stock option exercises 631 334
Employee withholding taxes related to net settled equity awards (2,942) (2,214)
NET CASH USED IN FINANCING ACTIVITIES (4,825) (4,529)
Effect of exchange rate changes on cash and cash equivalents (3) (2)
DECREASE IN CASH AND CASH EQUIVALENTS (40,501) (45,408)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 230,521 302,406
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 190,020 $ 256,998