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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 30,926 $ 9,243
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 51,107 50,970
Amortization of debt issuance costs and debt discount 4,169 4,631
Depreciation and amortization 52,978 45,088
Operating lease expense 97,209 89,204
Deferred income taxes, net (14,511) (3,725)
Loss on extinguishment of debt 4,088 16,626
Other items (10,243) (12,714)
Changes in operating assets and liabilities, net of acquisitions:    
Trade receivables (4,029) 341
Inventories (6,224) (14,227)
Prepaid expenses and other current assets (6,831) 3,675
Accounts payable and accrued liabilities (12,951) 2,456
Accrued payroll and related taxes (18,797) (5,519)
Operating lease liabilities (91,318) (84,081)
Other liabilities 2,870 2,434
Net cash provided by operating activities 78,443 104,402
Cash flows from investing activities:    
Purchases of property and equipment (80,146) (74,579)
Business acquisition, net of cash acquired (3,189) 0
Settlement of derivative instruments, net 28,194 (199)
Purchase of trade name 0 (650)
Net cash used in investing activities (55,141) (75,428)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt, net 0 529,247
Principal payments on long-term debt (54,000) (546,431)
Payment of debt issuance costs (1,004) (4,359)
Prepayment premium on extinguishment of debt (1,485) (1,650)
Advances on revolving line of credit 0 42,000
Repayments of revolving line of credit 0 (84,000)
Proceeds from stock option exercises 3,443 0
Dividends paid 0 (262,235)
Proceeds from initial public offering, net 0 314,719
Payment of offering costs 0 (8,766)
Repurchase of common stock under share repurchase program (20,934) 0
Repurchase of shares and shares withheld for taxes (553) (849)
Settlement of derivative instrument, net 11,925 6,213
Principal payments on finance lease liabilities (1,099) 0
Other (438) 0
Net cash used in financing activities (64,145) (16,111)
Effect of exchange rate changes on cash and cash equivalents (1,393) 312
Net change in cash and cash equivalents (42,236) 13,175
Cash and cash equivalents at beginning of period 179,955 112,132
Cash and cash equivalents at end of period 137,719 125,307
Supplemental disclosures of cash flow information:    
Interest paid on debt 68,678 70,225
Income taxes paid, net 28,612 10,032
Supplemental disclosure of noncash investing and financing activities:    
Noncash capital expenditures 6,567 1,810
Offering costs not yet paid $ 0 $ 1,147