Segment Information (Tables)

3 Months Ended

Apr. 01, 2024

The following table presents segment revenue and a reconciliation of adjusted EBITDA to net loss by segment:


	Quarter Ended
	Consolidated				Anthony’s				BurgerFi
(in thousands)	April 1, 2024		April 3, 2023		April 1, 2024		April 3, 2023			April 1, 2024		April 3, 2023
Revenue by Segment	$	42,879	$	45,726	$	32,393	$	33,145		$	10,486	$	12,581

Adjusted EBITDA Reconciliation by Segment:
Net (loss) income	$	(6,538)	$	(9,151)	(691)		$	446		$	(5,847)	$	(9,597)

Lease termination recovery	(56)		—		—		—			(56)		—

Share-based compensation expense	954		4,674		137		—			817		4,674
Depreciation and amortization expense	3,044		3,227		1,067		1,137			1,977		2,090
Interest expense	2,477		2,078		1,338		1,160			1,139		918
Restructuring costs	79		918		6		253			73		665
Merger, acquisition and integration costs	131		328		96		—			35		328
Legal settlements, net	(284)		282		(325)		—			41		282
Store closure costs	435		121		82		56			353		65
(Gain) loss on change in value of warrant liability	(144)		73		—		—			(144)		73
Pre-opening costs	163		—		—		—			163		—
(Gain) loss on disposal of assets	(3)		—		—		—			(3)		—

Adjusted EBITDA	$	258	$	2,550	$	1,710	$	3,052		$	(1,452)	$	(502)