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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 29, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net loss $ (15,572) $ (4,618)
Adjustments to reconcile net loss to net cash from operating activities:    
Depreciation and amortization 45,967 44,667
Amortization of debt issuance costs 2,354 1,388
Deferred income taxes (11,592) (6,169)
Equity-based compensation 17,544 17,937
Non-cash operating lease expense 8,250 9,859
Bad debt expense 902 532
Unrealized gain on interest rate cap (813) 0
Fair value adjustment to contingent value rights 300 (6,200)
Valuation adjustment to TRA liability 775 86
Provision for credit losses on notes receivable 0 5,872
Other, net (135) 81
Change in operating assets and liabilities:    
Accounts receivable (6,482) 2,117
Inventories 38,413 (85,134)
Prepaid expenses and other assets 1,994 3,286
Accounts payable, accrued liabilities and operating lease liabilities (16,197) 935
Net cash provided by (used in) operating activities 65,708 (15,361)
Cash flows from investing activities:    
Acquisition of business, net of cash acquired 0 (30,539)
Purchases of property and equipment (19,988) (10,024)
Issuance of notes receivable 0 (600)
Other, net 51 75
Net cash used in investing activities (19,937) (41,088)
Cash flows from financing activities:    
Payments on long-term debt (3,900) (2,325)
Proceeds from revolving credit facility 38,000 57,000
Payments on revolving credit facility (50,000) 0
Proceeds from interest rate cap 539 0
Repurchase and retirement of common stock (293) (2,410)
Proceeds from employee stock purchase plan 1,228 0
Payment of tax withholding obligation on settlement of equity awards (1,380) 0
Payments of tax receivable agreement (10,191) 0
Payments of contingent consideration (250) 0
Net cash (used in) provided by financing activities (26,247) 52,265
Effect of exchange rate changes on cash and cash equivalents (611) (850)
Net increase (decrease) in cash and cash equivalents 18,913 (5,034)
Cash and cash equivalents at beginning of the period 21,117 40,577
Cash and cash equivalents at end of the period 40,030 35,543
Supplementary cash flow information:    
Cash paid for interest 42,295 14,904
Cash paid for taxes, net 6,014 4,943
Noncash investing and financing activities:    
Capital expenditure in accounts payable $ 218 $ 613