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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 26, 2021
Mar. 27, 2021
Jun. 27, 2020
Jun. 26, 2021
Jun. 27, 2020
Dec. 26, 2020
Statement of Cash Flows [Abstract]            
Net income (loss) $ 35,168 $ (19,932) $ 3,091 $ 15,235 $ (856)  
Adjustments to reconcile net loss to net cash provided by operating activities:            
Depreciation and amortization 26,423   8,636 50,275 16,435  
Non-cash lease cost       37,938 17,412  
Gain on foreign denominated transactions       5,707 2,285  
Loss on derivatives not designed as hedges       (425) 0  
Bad debt expense       1,739 4,351  
Asset impairment charges 2,178   3,499 3,431 6,411  
Amortization of deferred financing costs and bond discounts       3,619 2,573  
Benefit (provision) for deferred income taxes       4,742 (1,471)  
Loss on debt extinguishment 78   0 45,576 0  
Other, net       1,375 1,365  
Changes in assets and liabilities:            
Accounts and notes receivable, net       (24,174) (26,134)  
Inventory       (396) (577)  
Prepaid and other assets       (20,885) (9,665)  
Advertising fund assets and liabilities, restricted       12,548 3,835  
Deferred commissions       (809) (1,614)  
Deferred revenue       2,994 (2,780)  
Accounts payable       3,860 11,696  
Accrued expenses and other liabilities       9,707 349  
Income tax receivable       3,665 4,051  
Operating lease liabilities       (31,034) (14,109)  
Cash provided by operating activities       124,688 13,557  
Cash flows from investing activities:            
Capital expenditures       (46,222) (24,920)  
Cash used in business acquisitions, net of cash acquired       (205,556) (28,490)  
Proceeds from sale-leaseback transactions       49,166 0  
Proceeds from sale of company-operated stores       5,775 0  
Cash used in investing activities       (196,837) (53,410)  
Cash flows from financing activities:            
Payment of contingent consideration related to acquisitions       0 (1,783)  
Payment of debt extinguishment and issuance costs       (2,408) (2,421)  
Repayment of long-term debt       (712,649) (12,809)  
Proceeds from revolving lines of credit and short-term debt       213,800 79,501  
Repayments of revolving lines of credit and short-term debt       (152,800) 0  
Repayment of principal portion of finance lease liability       (1,127) (117)  
Proceeds from initial public offering, net of underwriting discounts       661,500 0  
Net proceeds from underwriters' exercise of over-allotment option       99,225 0  
Repurchases of common stock       (43,040) 0  
Payment for termination of interest rate swaps       (21,826) 0  
Other, net       152 0  
Cash provided by financing activities       40,827 62,371  
Effect of exchange rate changes on cash       1,813 (337)  
Net change in cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted       (29,509) 22,181  
Cash and cash equivalents, beginning of period   172,611   172,611 34,935 $ 34,935
Cash included in advertising fund assets, restricted, beginning of period 30,882   12,590 30,882 12,590 19,369
Restricted cash, beginning of period   15,827   15,827 0 0
Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, beginning of period   $ 207,807   207,807 58,026 58,026
Cash and cash equivalents, end of period 147,257   67,617 147,257 67,617 172,611
Cash included in advertising fund assets, restricted, end of period 30,882   12,590 30,882 12,590 19,369
Restricted cash, end of period 159   0 159 0 15,827
Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, end of period 178,298   80,207 $ 178,298 $ 80,207 $ 207,807
Supplemental cash flow disclosures - non-cash items:            
Accrued capital expenditures 5,772   2,434      
Supplemental cash flow disclosures - cash paid for:            
Interest 38,966   32,517      
Income taxes $ 5,531   $ 649