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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 27, 2025
Dec. 28, 2024
Current assets    
Cash and cash equivalents $ 196,572 $ 315,910
Restricted cash 25,994 20,868
Accounts receivable, net 20,823 19,661
Prepaid expenses and other current assets 7,956 6,520
Advertising fund assets, restricted 16,143 32,659
Total current assets 267,488 395,618
Property and equipment, net 130,581 125,953
Operating lease assets 48,637 49,046
Goodwill 83,875 74,718
Trademarks 32,700 32,700
Investments 87,164 8,511
Other non-current assets, net 42,964 29,700
Total assets 693,409 716,246
Current liabilities    
Accounts payable 12,846 6,943
Current portion of operating lease liabilities 3,232 1,059
Other current liabilities 49,744 46,782
Advertising fund liabilities 16,143 32,659
Total current liabilities 81,965 87,443
Long-term debt, net 1,209,094 1,206,201
Operating lease liabilities 58,080 58,169
Deferred revenues, net of current 47,721 38,877
Deferred income tax liabilities, net 33,142 1,085
Other non-current liabilities 169 57
Total liabilities 1,430,171 1,391,832
Commitments and contingencies (see Note 13)
Stockholders' deficit    
Common stock, $0.01 par value; 100,000,000 shares authorized; 27,540,619 and 28,662,614 shares issued and outstanding as of December 27, 2025 and December 28, 2024, respectively 275 287
Additional paid-in-capital 1,529 1,568
Retained deficit (744,915) (676,940)
Accumulated other comprehensive income (loss) 6,349 (501)
Total stockholders' deficit (736,762) (675,586)
Total liabilities and stockholders' deficit $ 693,409 $ 716,246