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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 29, 2024
Dec. 31, 2023
Dec. 25, 2022
Cash flows from operating activities:      
Net income (loss) $ 130,319 $ 13,280 $ (58,987)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation 60,355 47,406 37,086
Amortization of intangible assets 0 27 5,638
Equity-based compensation 13,603 9,360 3,803
Deferred income taxes (71,616) 50 5
Impairment and asset disposal costs 5,055 4,899 19,753
Changes in operating assets and liabilities:      
Trade accounts receivable (1,137) (835) (50)
Other accounts receivable 26 (3,315) (1,626)
Inventories (1,963) (498) (1,496)
Prepaid expenses and other (3,362) 60 (318)
Operating lease assets (32,494) (20,521) (34,187)
Accounts payable 8,903 2,549 336
Accrued expenses and other 10,791 19,123 (2,906)
Operating lease liabilities 42,547 25,516 38,987
Net cash provided by operating activities 161,027 97,101 6,038
Cash flows from investing activities:      
Purchases of property and equipment (108,131) (138,806) (104,161)
Net cash used in investing activities (108,131) (138,806) (104,161)
Cash flows from financing activities:      
Proceeds from long-term debt 0 6,000 0
Payments on long-term debt 0 (6,000) 0
Tax withholding on equity-based compensation awards (24,650) (3,108) (911)
Shares purchased under equity plans 5,491 1,353 37
Proceeds from initial public offering, net of underwriting fees of $22.8 million 0 342,604 0
Offering costs paid 0 (5,384) (1,109)
Payment of loan acquisition fees 0 (372) (986)
Payments on finance lease obligations (45) (85) (115)
Net cash (used in) provided by financing activities (19,204) 335,008 (3,084)
Net change in cash and cash equivalents 33,692 293,303 (101,207)
Cash and cash equivalents - beginning of year 332,428 39,125 140,332
Cash and cash equivalents - end of year 366,120 332,428 39,125
Supplemental Disclosure of Cash Flow Information:      
Offering costs not yet paid 0 0 542
Cash paid for fees and interest related to long-term debt 211 330 161
Cash paid for income taxes 2,533 116 523
Change in accrued purchases of property and equipment (986) 584 5,083
Conversion of redeemable preferred stock into common stock in connection with initial public offering $ 0 $ 662,309 $ 0