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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 29, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net loss $ (22,933) $ (14,548)
Adjustments to reconcile net loss to net cash from operating activities:    
Depreciation and amortization 15,369 15,202
Amortization of debt issuance costs 827 772
Deferred income taxes 6,601 (5,869)
Equity-based compensation 5,913 7,763
Non-cash operating lease expense 2,518 3,310
Bad debt expense 159 307
Non Cash Compensation Forfeiture (1,787) 0
Interest rate cap (income) expense (170) 818
Fair value adjustment to contingent value rights (1,200) 600
Valuation adjustment to TRA liability (367) 144
Other, net 0 130
Change in operating assets and liabilities:    
Accounts receivable (173) (2,614)
Inventories 18,435 1,205
Prepaid expenses and other assets (2,261) 1,268
Accounts payable, accrued liabilities, and operating lease liabilities (14,964) (11,118)
Net cash provided by (used in) operating activities 5,967 (2,630)
Cash flows from investing activities:    
Purchases of property and equipment (2,080) (9,164)
Other, net 0 39
Net cash used in investing activities (2,080) (9,125)
Cash flows from financing activities:    
Payments on long-term debt (1,300) (1,300)
Proceeds from revolving credit facility 0 38,000
Proceeds from interest rate cap 490 0
Repurchase and retirement of common stock 0 (293)
Payment of tax withholding obligation on settlement of equity awards (2,439) (1,024)
Payments of tax receivable agreement (21,107) (10,191)
Payments of contingent consideration 0 (250)
Net cash (used in) provided by financing activities (24,356) 24,942
Effect of exchange rate changes on cash and cash equivalents 697 148
Net increase (decrease) in cash and cash equivalents (19,772) 13,335
Cash and cash equivalents at beginning of the period 61,023 21,117
Cash and cash equivalents at end of the period 41,251 34,452
Supplementary cash flow information:    
Cash paid for interest 14,341 14,098
Cash paid for taxes, net 519 969
Noncash investing and financing activities:    
Capital expenditure in accounts payable $ 238 $ 937