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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 29, 2024
Dec. 31, 2023
Cash flows from operating activities    
Net loss $ (48,170) $ (13,840)
Adjustments to reconcile net loss to net cash (used in) provided by operations:    
Depreciation and amortization 23,515 12,377
Share-based compensation 211 312
Change in operating right-of-use assets 6,916 (821)
Deferred income taxes (8,248) 0
Accretion of loan fees and interest 11,846 4,861
Net loss on extinguishment of debt 2,353 0
Change in:    
Accounts receivable (854) (246)
Other current assets (1,300) 255
Other non-current assets (13) 336
Accounts payable 313 171
Accrued expense and other liabilities (2,342) 1,681
Deferred income 756 959
Other current and noncurrent liabilities (19) 0
Total adjustments 33,134 19,885
Net cash (used in) provided by operating activities (15,036) 6,045
Cash flows from investing activities    
Proceeds from sale of property and equipment 4,635 9,259
Purchases of property and equipment (25,139) (23,873)
Net cash used in investing activities (20,504) (14,614)
Cash flows from financing activities    
Proceeds from borrowings of long-term debt, net of issuance costs 415,728 9,405
Repayments of borrowings (401,885) (8,885)
Financing proceeds from affiliates 23,440 15,224
Net cash provided by financing activities 37,283 15,744
Net increase (decrease) in cash and restricted cash 1,743 7,175
Cash and restricted cash at beginning of the period 24,145 16,970
Cash and restricted cash at end of the period 25,888 24,145
Supplemental disclosures of cash flow information:    
Cash paid for interest 36,840 26,137
Cash paid for income taxes 0 0
Supplemental disclosure of non-cash financing and investing activities:    
Issuance and distribution of long-term debt to FAT Brands Inc. 43,775 93,994
Contribution of Barbeque Integrated Inc. from FAT Brands Inc. $ 0 $ 31,834