XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 24, 2022
Dec. 25, 2021
Current liabilities:    
Operating lease liabilities, current portion $ 1,399  
Operating lease liabilities, net of current portion 4,524  
Members' equity:    
Total stockholders' equity 136,121 $ 341,241
European Wax Center, Inc. and Subsidiaries    
Current assets:    
Cash and cash equivalents 41,593 43,301
Restricted cash 6,557 0
Accounts receivable, net 6,305 6,656
Inventory 23,087 19,423
Prepaid expenses and other current assets 6,867 5,927
Total current assets 84,409 75,307
Property and equipment, net 2,970 3,863
Operating lease right-of-use assets 5,258 0
Intangible assets, net 187,769 201,995
Goodwill 328,551 328,551
Other non-current assets 4,793 3,723
Total assets 613,750 613,439
Current liabilities:    
Accounts payable and accrued liabilities 15,993 23,155
Long-term debt, current portion 4,000 5,625
Tax receivable agreement liability, current portion 885 0
Deferred revenue, current portion 3,381 3,004
Operating lease liabilities, current portion 1,399 0
Other current liabilities 0 182
Total current liabilities 25,658 31,966
Long-term debt, net 370,657 172,607
Tax receivable agreement liability 65,384 59,167
Deferred revenue, net of current portion 6,699 6,787
Operating lease liabilities, net of current portion 4,524 0
Other long-term liabilities 4,707 1,671
Total liabilities 477,629 272,198
Commitments and contingencies (Note 10)
Members' equity:    
Preferred stock 0 0
Additional paid-in capital 189,909 182,919
Accumulated deficit (119,339) (3,487)
Accumulated other comprehensive loss 0 (45)
Total stockholders' equity attributable to European Wax Center, Inc. 70,570 179,387
Noncontrolling interests 65,551 161,854
Total stockholders' equity 136,121 341,241
Total liabilities, mezzanine equity and stockholders'/member's equity 613,750 613,439
European Wax Center, Inc. and Subsidiaries | Class A Common Stock [Member]    
Members' equity:    
Common stock 0 0
Total stockholders' equity 0 0
European Wax Center, Inc. and Subsidiaries | Class B Common Stock [Member]    
Members' equity:    
Common stock 0 0
Total stockholders' equity $ 0 $ 0