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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 29, 2024
Dec. 31, 2023
Current assets    
Cash $ 16,837 $ 37,044
Restricted cash 33,439 39,271
Accounts receivable, net 18,256 21,146
Inventory 8,468 9,306
Assets classified as held-for-sale 370 3,756
Other current assets 14,048 10,486
Total current assets 91,418 121,009
Non-current restricted cash 16,468 15,588
Operating lease right-of-use assets 207,520 220,035
Goodwill 305,054 305,089
Other intangible assets, net 608,458 620,622
Property and equipment, net 104,938 100,524
Other assets 5,779 5,371
Total assets 1,339,635 1,388,238
Current liabilities    
Accounts payable 30,054 21,809
Accrued expenses and other liabilities 66,708 58,903
Deferred income, current portion 2,300 2,490
Accrued advertising 7,203 7,992
Accrued interest payable 31,723 24,961
Dividend payable on preferred shares 1,358 1,325
Liabilities related to assets classified as held-for-sale 393 3,421
Operating lease liability, current portion 21,499 17,254
Redeemable preferred stock 91,836 91,836
Long-term debt, current portion 49,141 42,611
Acquisition purchase price payable 0 4,000
Total current liabilities 302,215 276,602
Deferred income, net of current portion 20,691 21,958
Deferred income tax liabilities, net 22,556 18,805
Operating lease liability, net of current portion 198,963 211,744
Long-term debt, net of current portion 1,177,921 1,110,308
Other liabilities 3,439 4,684
Total liabilities 1,725,785 1,644,101
Commitments and contingencies (Note 14)
Stockholders’ deficit    
Preferred stock and additional paid-in-capital, $0.0001 par value; 15,000,000 shares authorized; 3,782,459 shares issued and outstanding at September 29, 2024 and 3,591,804 shares issued and outstanding at December 31, 2023; liquidation preference $25 per share 41,106 44,103
Class A common stock and Class B common stock and additional paid-in capital as of September 29, 2024: $0.0001 par value per share; 51,600,000 shares authorized (Class A 50,000,000, Class B 1,600,000); 17,106,468 shares issued and outstanding (Class A 15,835,663, Class B 1,270,805). Common stock and additional paid-in capital as of December 31, 2023: $0.0001 par value; 51,600,000 shares authorized; 16,900,099 shares issued and outstanding (Class A 15,629,294, Class B 1,270,805) (36,049) (31,189)
Accumulated deficit (391,207) (268,777)
Total stockholders’ deficit (386,150) (255,863)
Total liabilities and stockholders’ deficit $ 1,339,635 $ 1,388,238