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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 29, 2023
Dec. 30, 2022
Current assets:    
Cash and cash equivalents $ 40,030 $ 21,117
Accounts receivable, net 53,849 48,174
Inventories 275,469 314,588
Prepaid expenses 20,349 22,913
Other current assets 2,712 5,930
Total current assets 392,409 412,722
Long-term assets:    
Property and equipment, net 45,725 34,958
Goodwill 592,214 592,186
Other intangible assets, net 517,146 554,419
Operating lease right-of-use assets 53,578 54,041
Other assets 8,163 4,195
Total assets 1,609,235 1,652,521
Current liabilities:    
Current maturities of long-term debt 5,200 5,063
Accounts payable 66,602 77,443
Accrued liabilities 66,274 64,605
Current operating lease liability 11,071 10,574
Current tax receivable agreement liability 21,107 10,191
Total current liabilities 170,254 167,876
Long-term liabilities:    
Revolving credit facility, net 0 10,800
Long-term debt, net of current portion 494,884 496,795
Deferred income tax liabilities, net 32,045 43,515
Operating lease liability, net of current portion 54,085 50,896
Tax receivable agreement liability, net of current portion 80,929 101,262
Other liabilities 19,284 24,206
Total liabilities 851,481 895,350
Commitments and contingencies (Note 14)
Stockholders’ equity:    
Common stock, $0.01 par value, 500,000 shares authorized; 75,758 shares issued and outstanding as of September 29, 2023 and 75,042 shares issued and outstanding at December 30, 2022 758 750
Preferred stock, $0.01 par value; 50,000 shares authorized, no shares issued and outstanding 0 0
Additional paid-in capital 865,453 848,703
Accumulated deficit (103,618) (88,046)
Accumulated other comprehensive loss (4,839) (4,236)
Total stockholders’ equity 757,754 757,171
Total liabilities and stockholders’ equity $ 1,609,235 $ 1,652,521