Equity Method Investments (Tables)

6 Months Ended

Jul. 03, 2022

Equity Method Investments and Joint Ventures [Abstract]

Summary of the company's maximum exposure to losses related to its equity method investments

The following tables present summarized financial information for all unconsolidated equity method investees. The Company’s maximum exposure to losses related to its equity method investments is limited to its ownership interests, as well as certain guarantees.

	For the 13 Weeks Ended					For the 26 Weeks Ended
(in thousands)	July 3, 2022		July 4, 2021⁽¹⁾			July 3, 2022		July 4, 2021⁽¹⁾
Revenues	$	12,671	$	6,407		$	21,918	$	13,051
Operating income (loss)		5,645		(1,614	)		4,824		(3,178	)
Net income (loss)(2)		2,866		(1,881	)		2,815		(3,178	)

(1)Includes the financial information of Soho House—Cipura (Miami), LLC (“Cipura”), in which the Company owned a 50% interest prior to May 10, 2021. Following the Company’s acquisition of the remaining 50% interest in Cipura, this entity became a consolidated subsidiary of the Company.

(2)The net income (loss) shown above relates entirely to continuing operations.

Summary of equity method investment summarized balance sheet

	As of
(in thousands)	July 3, 2022		January 2, 2022
Current assets	$	25,172	$	33,705
Non-current assets		140,168		137,753
Total assets		165,340		171,458
Current liabilities		14,094		13,976
Non-current liabilities		100,155		121,311
Total liabilities		114,249		135,287
Net assets	$	51,091	$	36,171