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Acquisitions
9 Months Ended
Sep. 28, 2024
Business Combinations [Abstract]  
Acquisitions
3.
ACQUISITIONS

The Company's growth strategy includes expanding and diversifying service offerings through acquiring high quality early childhood education centers.

2024 Acquisitions—During the nine months ended September 28, 2024, the Company acquired 16 early childhood education centers in eight separate business acquisitions which were each accounted for as business combinations. The centers were acquired for cash consideration of $10.5 million. The Company recorded goodwill of $8.7 million, which is deductible for tax purposes, and fixed assets of $1.9 million. The operating results for the acquired centers, which were not material to the

Company’s overall financial results, are included in the unaudited condensed consolidated statements of operations and comprehensive (loss) income from the dates of acquisition.

2023 Acquisitions—During the nine months ended September 30, 2023, the Company acquired two early childhood education centers in two separate business acquisitions which were each accounted for as business combinations. The centers were acquired for cash consideration of $2.4 million. The Company recorded goodwill of $2.3 million, which is deductible for tax purposes, and fixed assets of $0.1 million. The operating results for the acquired centers, which were not material to the Company’s overall financial results, are included in the unaudited condensed consolidated statements of operations and comprehensive (loss) income from the dates of acquisition.