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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Apr. 01, 2023
Mar. 26, 2022
Cash flows from operating activities:    
Net income (loss) $ (1,053) $ 4,026
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 5,063 5,060
Amortization of deferred financing costs 1,318 120
Gain on interest rate cap 0 (196)
Provision for inventory obsolescence 0 (39)
Provision for bad debts 19 0
Deferred income taxes (486) 0
Remeasurement of tax receivable agreement liability 0 785
Equity compensation 5,931 3,335
Changes in assets and liabilities:    
Accounts receivable (639) (1,273)
Inventory (2,230) (1,546)
Prepaid expenses and other assets (1,391) (76)
Accounts payable and accrued liabilities (2,267) (4,508)
Deferred revenue (70) (100)
Other long-term liabilities (14) (115)
Net cash provided by operating activities 4,181 5,473
Cash flows from investing activities:    
Purchases of property and equipment (358) (303)
Net cash used in investing activities (358) (303)
Cash flows from financing activities:    
Principal payments on long-term debt (1,000) (1,125)
Distributions to EWC Ventures LLC members (276) (2,272)
Payment of Class A common stock offering costs 0 (870)
Taxes on vested restricted stock units paid by withholding shares (126) 0
Dividend equivalents to holders of EWC Ventures units (735) 0
Net cash used in financing activities (2,137) (4,267)
Net increase in cash 1,686 903
Cash, cash equivalents and restricted cash, beginning of period 50,794 43,301
Cash, cash equivalents and restricted cash, end of period 52,480 44,204
Supplemental cash flow information:    
Cash paid for interest 5,560 1,481
Cash paid for income taxes 245 7
Non-cash investing and financing activities:    
Property purchases included in accounts payable and accrued liabilities 122 75
Right-of-use assets obtained in exchange for operating lease obligations $ 368 $ 0