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Organization (Tables)
6 Months Ended
Jul. 01, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Error Corrections and Prior Period Adjustments
The following are selected line items from our aforementioned impacted financial statements illustrating the effect of the error corrections thereon:
Consolidated Balance Sheets — December 31, 2022As Previously ReportedAdjustmentsAs Adjusted
Deferred income taxes (b)(d)$74,138 $(71,890)$2,248 
Total liabilities1,032,317 (71,890)960,427 
Additional paid-in capital (a)(b)(c)(d)481,919 8,657 490,576 
Noncontrolling interest (a)(c)23,751 63,233 86,984 
Total stockholders’ equity340,332 71,890 412,222 
Consolidated Balance Sheets — December 31, 2021As Previously ReportedAdjustmentsAs Adjusted
Deferred income taxes (b)$133,518 $(73,867)$59,651 
Total liabilities692,073 (73,867)618,206 
Additional paid-in capital (a)(b)465,272 8,046 473,318 
Noncontrolling interest (a)74,865 65,821 140,686 
Total stockholders’ equity533,789 73,867 607,656 
The Company’s consolidated statements of changes in stockholders’ and members equity as of December 31, 2022 and December 31, 2021 have been corrected to reflect the above adjustments. The Company revised the amounts originally reported for the years ended December 31, 2022 and December 31, 2021 for the following items:
(a)Recorded a $65,821 decrease to additional paid-in capital and a corresponding increase to noncontrolling interest. This action effectively rebalanced equity appropriately between the Company and its noncontrolling interests according to their respective BV LLC ownership interests.
(b)Recorded a $73,867 decrease to deferred income tax balances and an increase to additional paid in capital to reflect the correction of an error that occurred during the calculation of deferred taxes at the Company’s IPO.
(c)Reflects the entry as discussed in (a) above and additional rebalancing activity of $2,588 relating to the issuance of Class A common stock for equity plans during the year ended December 31, 2022.
(d)Reflects the entry as discussed in (b) and an additional $1,977 increase to deferred income tax balances and a reduction to additional paid in capital to reflect the deferred tax impact during the year ended December 31, 2022.