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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 29, 2024
Dec. 31, 2023
Current assets    
Cash $ 23,383 $ 37,044
Restricted cash 25,239 39,271
Accounts receivable, net 19,422 21,146
Inventory 8,420 9,306
Assets classified as held-for-sale 370 3,756
Other current assets 11,200 10,486
Total current assets 88,034 121,009
Non-current restricted cash 18,767 15,588
Operating lease right-of-use assets 198,091 220,035
Goodwill 285,337 305,089
Other intangible assets, net 595,689 620,622
Property and equipment, net 97,390 100,524
Other assets 5,870 5,371
Total assets 1,289,178 1,388,238
Current liabilities    
Accounts payable 38,725 21,809
Accrued expenses and other liabilities 68,084 58,903
Deferred income, current portion 2,275 2,490
Accrued advertising 5,307 7,992
Accrued interest payable 24,837 24,961
Dividend payable on preferred shares 1,389 1,325
Liabilities related to assets classified as held- for-sale 393 3,421
Operating lease liability, current portion 16,229 17,254
Redeemable preferred stock 91,836 91,836
Long-term debt, current portion 49,241 42,611
Acquisition purchase price payable 0 4,000
Total current liabilities 298,316 276,602
Deferred income, net of current portion 20,347 21,958
Deferred income tax liabilities, net 13,772 18,805
Operating lease liability, net of current portion 200,132 211,744
Long-term debt, net of current portion 1,208,997 1,110,308
Other liabilities 3,326 4,684
Total liabilities 1,744,890 1,644,101
Commitments and contingencies (Note 16)
Stockholders’ deficit    
Preferred stock: $0.0001 par value; 15,000,000 shares authorized; 3,591,706 shares issued and outstanding at December 29, 2024 and 3,591,804 shares issued and outstanding at December 31, 2023; liquidation preference $25 per share 40,837 44,103
Class A and Class B common stock and additional paid-in capital as of December 29, 2024: $0.0001 par value per share; 51,600,000 shares authorized (Class A 50,000,000, Class B 1,600,000); 17,254,683 shares issued and outstanding (Class A 15,983,878, 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 (Class A 50,000,000, Class B 1,600,000); 16,900,099 shares issued and outstanding (Class A 15,629,294, Class B 1,270,805) (37,925) (31,189)
Accumulated deficit (458,624) (268,777)
Total stockholders’ deficit (455,712) (255,863)
Total liabilities and stockholders’ deficit $ 1,289,178 $ 1,388,238