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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Cash flows from operating activities:    
Net loss $ (467) $ (10,195)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 19,129 917
Amortization of debt issuance costs and debt discount 1,401 1,466
Depreciation and amortization 18,301 14,484
Operating lease expense 31,450 29,392
Deferred income taxes, net (20,811) (8,611)
Loss on extinguishment of debt 4,088 6,011
Other items (1,991) (3,905)
Changes in operating assets and liabilities:    
Trade receivables (683) (1,043)
Inventories (2,590) (3,328)
Prepaid expenses and other current assets (6,291) (1,014)
Accounts payable and accrued liabilities 1,234 2,351
Accrued payroll and related taxes (20,465) (14,292)
Operating lease liabilities (29,283) (27,830)
Other liabilities 1,178 763
Net cash used in operating activities (5,800) (14,834)
Cash flows from investing activities:    
Purchases of property and equipment (22,494) (20,799)
Settlement of derivative instruments, net (59) (51)
Net cash used in investing activities (22,553) (20,850)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt, net 0 529,247
Principal payments on long-term debt (51,000) (235,463)
Payment of debt issuance costs (111) (4,359)
Prepayment premium on extinguishment of debt (1,485) 0
Advances on revolving line of credit 0 35,000
Repayments of revolving line of credit 0 (47,000)
Proceeds from stock option exercises 2,958 0
Dividends paid 0 (262,235)
Repurchase of shares and shares withheld to cover taxes 0 (345)
Settlement of derivative instrument, net 2,362 1,785
Principal payments on finance lease liabilities (346) 0
Net cash (used in) provided by financing activities (47,622) 16,630
Effect of exchange rate changes on cash and cash equivalents (1,797) (124)
Net change in cash and cash equivalents (77,772) (19,178)
Cash and cash equivalents at beginning of period 179,955 112,132
Cash and cash equivalents at end of period 102,183 92,954
Supplemental disclosures of cash flow information:    
Interest paid on debt 32,057 17,841
Income taxes paid, net 4,584 4,982
Supplemental disclosure of noncash investing activities:    
Noncash capital expenditures $ 6,587 $ 2,820