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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jan. 06, 2024
Dec. 31, 2022
Current assets:    
Property and equipment, net $ 2,284 $ 2,747
Intangible assets, net 164,073 183,030
Goodwill 328,551 328,551
Current liabilities:    
Operating lease liabilities, current portion 1,232  
Operating lease liabilities, net of current portion 3,158  
Members’ equity:    
Total stockholders' equity 116,612 130,304
Subsidiaries [Member]    
Current assets:    
Cash and cash equivalents 52,735 44,219
Restricted Cash 6,493 6,575
Accounts receivable, net 9,250 6,932
Inventory, net 20,767 23,017
Prepaid expenses and other current assets 6,252 5,574
Total current assets 95,497 86,317
Property and equipment, net 2,284 2,747
Operating lease right-of-use assets 4,012 4,899
Intangible assets, net 164,073 183,030
Goodwill 328,551 328,551
Deferred income taxes 138,215 106,187
Other non-current assets 3,094 4,301
Total assets 735,726 716,032
Current liabilities:    
Accounts payable and accrued liabilities 17,966 18,547
Long-term debt, current portion 4,000 4,000
Tax receivable agreement liability, current portion 9,363 4,867
Deferred revenue, current portion 5,261 4,084
Operating lease liabilities, current portion 1,232 1,312
Total current liabilities 37,822 32,810
Long-term debt, net 372,000 370,935
Tax receivable agreement liability, net of current portion 197,273 167,293
Deferred revenue, net of current portion 6,615 6,901
Operating lease liabilities, net of current portion 3,158 4,227
Other long-term liabilities 2,246 3,562
Total liabilities 619,114 585,728
Commitments and contingencies (Note 11)
Members’ equity:    
Preferred stock 0 0
Treasury stock (40,000) (10,080)
Additional paid-in capital 232,848 207,517
Accumulated deficit (109,506) (118,437)
Total stockholders' equity attributable to European Wax Center, Inc. 83,342 79,000
Noncontrolling interests 33,270 51,304
Total stockholders' equity 116,612 130,304
Total liabilities and stockholders' equity 735,726 716,032
Subsidiaries [Member] | Class A Common Stock [Member]    
Members’ equity:    
Common stock 0 0
Subsidiaries [Member] | Class B Common Stock [Member]    
Members’ equity:    
Common stock $ 0 $ 0