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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Cash flows from operating activities:    
Net income $ 9,245 $ 24,855
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 40,779 1,857
Amortization of debt issuance costs and debt discount 2,755 3,223
Depreciation and amortization 35,681 29,177
Operating lease expense 63,593 58,275
Deferred income taxes, net (20,631) 5,290
Loss on extinguishment of debt 4,088 6,011
Other items (3,931) (10,800)
Changes in operating assets and liabilities, net of acquisitions:    
Trade receivables (1,838) (596)
Inventories (4,315) (8,291)
Prepaid expenses and other current assets (12,270) (19,466)
Accounts payable and accrued liabilities 14,197 24,727
Accrued payroll and related taxes (14,658) (6,898)
Operating lease liabilities (59,981) (55,100)
Other liabilities 1,852 1,526
Net cash provided by operating activities 54,566 53,790
Cash flows from investing activities:    
Purchases of property and equipment (53,284) (47,167)
Business acquisition, net of cash acquired (2,856) 0
Settlement of derivative instruments, net 28,136 32
Net cash used in investing activities (28,004) (47,135)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt, net 0 529,247
Principal payments on long-term debt (52,500) (237,525)
Payment of debt issuance costs (1,004) (4,359)
Prepayment premium on extinguishment of debt (1,485) 0
Advances on revolving line of credit 0 42,000
Repayments of revolving line of credit 0 (79,000)
Proceeds from stock option exercises 3,139 0
Dividends paid 0 (262,235)
Repurchase of common stock under share repurchase program 2,866 0
Repurchase of shares and shares withheld for taxes (40) (849)
Settlement of derivative instrument, net 11,925 3,889
Principal payments on finance lease liabilities (705) 0
Net cash used in financing activities (43,536) (8,832)
Effect of exchange rate changes on cash and cash equivalents (2,330) 1,610
Net change in cash and cash equivalents (19,304) (567)
Cash and cash equivalents at beginning of period 179,955 112,132
Cash and cash equivalents at end of period 160,651 111,565
Supplemental disclosures of cash flow information:    
Interest paid on debt 39,385 33,874
Income taxes paid, net 21,233 9,257
Supplemental disclosure of noncash investing activities:    
Noncash capital expenditures $ 4,535 $ 3,331