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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 28, 2025
Dec. 28, 2024
Current assets    
Cash and cash equivalents $ 227,943 $ 315,910
Restricted cash 25,994 20,868
Accounts receivable, net 28,390 19,661
Prepaid expenses and other current assets 9,479 6,520
Advertising fund assets, restricted 21,034 32,659
Total current assets 312,840 395,618
Property and equipment, net 110,838 125,953
Operating lease assets 48,693 49,046
Goodwill 79,211 74,718
Trademarks 32,700 32,700
Investments 83,190 8,511
Other non-current assets 40,816 29,700
Total assets 708,288 716,246
Current liabilities    
Accounts payable 3,300 6,943
Current portion of operating lease liabilities 2,956 1,059
Other current liabilities 44,296 46,782
Advertising fund liabilities 21,034 32,659
Total current liabilities 71,586 87,443
Long-term debt, net 1,207,631 1,206,201
Operating lease liabilities 58,477 58,169
Deferred revenues, net of current 42,731 38,877
Deferred income tax liabilities, net 13,775 1,085
Other non-current liabilities 86 57
Total liabilities 1,394,286 1,391,832
Commitments and contingencies (see Note 7)
Stockholders' deficit    
Common stock, $0.01 par value; 100,000,000 shares authorized; 27,923,753 and 28,662,614 shares issued and outstanding as of June 28, 2025 and December 28, 2024, respectively 279 287
Additional paid-in-capital 3,791 1,568
Retained deficit (697,557) (676,940)
Accumulated other comprehensive income (loss) 7,489 (501)
Total stockholders' deficit (685,998) (675,586)
Total liabilities and stockholders' deficit $ 708,288 $ 716,246