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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 28, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 121,732 $ 190,505
Restricted cash, current 558 2,830
Accounts receivable, net 34,674 31,730
Inventory 125,158 130,336
Prepaid expenses and other current assets 13,016 12,904
Assets held for sale 2,275 4,539
Total current assets 297,413 372,844
Restricted cash, non-current 12,600 12,600
Property, plant, and equipment, net 188,115 194,046
Operating lease right-of-use assets 126,092 130,460
Prepaid lease costs, non-current 66,444 61,635
Other non-current assets, net 662 1,192
Investment in unconsolidated joint venture 1,612 1,673
Total assets 692,938 774,450
Current liabilities:    
Accounts payable 59,633 56,032
Accrued bonus 345 4,790
Current portion of operating lease liabilities 4,103 3,677
Accrued litigation settlement costs 7,250 0
Accrued expenses and other current liabilities 15,260 9,855
Total current liabilities 86,591 74,354
Long-term liabilities:    
Convertible senior notes, net 1,140,492 1,137,542
Operating lease liabilities, net of current portion 74,506 75,648
Finance lease obligations and other long-term liabilities 3,273 274
Total long-term liabilities 1,218,271 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; 65,171,128 and 64,624,140 shares issued and outstanding at September 28, 2024 and December 31, 2023, respectively 6 6
Additional paid-in capital 590,282 573,128
Accumulated deficit (1,196,669) (1,081,253)
Accumulated other comprehensive loss (5,543) (5,249)
Total stockholders’ deficit (611,924) (513,368)
Total liabilities and stockholders’ deficit $ 692,938 $ 774,450