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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 29, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 144,873 $ 190,505
Restricted cash, current 536 2,830
Accounts receivable, net 34,463 31,730
Inventory 119,532 130,336
Prepaid expenses and other current assets 15,538 12,904
Assets held for sale 2,323 4,539
Total current assets 317,265 372,844
Restricted cash, non-current 12,600 12,600
Property, plant, and equipment, net 186,584 194,046
Operating lease right-of-use assets 127,679 130,460
Prepaid lease costs, non-current 64,822 61,635
Other non-current assets, net 634 1,192
Investment in unconsolidated joint venture 1,650 1,673
Total assets 711,234 774,450
Current liabilities:    
Accounts payable 59,449 56,032
Accrued bonus 393 4,790
Current portion of operating lease liabilities 4,125 3,677
Accrued litigation settlement costs 7,500 0
Accrued expenses and other current liabilities 12,051 9,855
Total current liabilities 83,518 74,354
Long-term liabilities:    
Convertible senior notes, net 1,139,509 1,137,542
Operating lease liabilities, net of current portion 74,884 75,648
Finance lease obligations and other long-term liabilities 3,348 274
Total long-term liabilities 1,217,741 1,213,464
Commitments and Contingencies (Note 9)
Stockholders’ deficit:    
Preferred stock, par value $0.0001 per share—500,000 shares authorized, none issued and outstanding 0 0
Common stock, par value $0.0001 per share—500,000,000 shares authorized; 64,993,318 and 64,624,140 shares issued and outstanding at June 29, 2024 and December 31, 2023, respectively 6 6
Additional paid-in capital 584,441 573,128
Accumulated deficit (1,170,093) (1,081,253)
Accumulated other comprehensive loss (4,379) (5,249)
Total stockholders’ deficit (590,025) (513,368)
Total liabilities and stockholders’ deficit $ 711,234 $ 774,450