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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 27, 2022
Mar. 28, 2021
Cash flows from operating activities    
Net loss $ (23,755) $ (2,432)
Adjustments to reconcile net loss to net cash used in operations:    
Deferred income taxes 3,068 (995)
Depreciation and amortization 6,561 398
Share-based compensation 2,112 37
Change in operating right of use assets 1,875 605
Accretion of loan fees and interest 2,634 364
Accretion of preferred shares 0 10
Accretion of purchase price liability 24 24
Provision for bad debts 185 0
Change in:    
Accounts receivable 1,404 (258)
Other current assets 205 397
Deferred income 1,506 332
Accounts payable (4,014) 59
Accrued expense (4,181) 83
Accrued advertising 1,462 (187)
Accrued interest payable 1,936 47
Dividend payable on preferred shares (9) 278
Other (722) (8)
Total adjustments 14,046 1,186
Net cash used in operating activities (9,709) (1,246)
Cash flows from investing activities    
Purchases of property and equipment (3,770) (573)
Other 30 0
Net cash used in investing activities (3,740) (573)
Cash flows from financing activities    
Proceeds from borrowings, net of issuance costs 492 0
Repayments of borrowings (236) 0
Change in operating lease liabilities (1,424) (353)
Exercise of warrants 79 515
Dividends paid on redeemable preferred stock (1,062) 0
Dividends paid on common shares (2,128) 0
Dividends paid on preferred shares (1,652) (639)
Net cash used in financing activities (5,931) (477)
Net decrease in cash and restricted cash (19,380) (2,296)
Cash and restricted cash at beginning of the period 99,921 7,211
Cash and restricted cash at end of the period 80,541 4,915
Supplemental disclosures of cash flow information:    
Cash paid for interest 14,978 1,969
Cash paid for income taxes $ 210 $ 211