XML 55 R44.htm IDEA: XBRL DOCUMENT

Debt (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Summary of Property Mortgage Loans, Net of Debt Issuance Costs

Debt balances, net of debt issuance costs, are as follows:


		As of
(in thousands)		December 31, 2023				January 1, 2023
Senior Secured Notes, interest at 8.1764% for the Initial Notes and 8.5% for the Additional Notes, maturing March 2027		$	615,718			$	570,712
Soho Works Limited loans, unsecured, 7% interest bearing, maturing September 2025 (see additional description below)			27,715			$	24,612
Other loans (see additional description below)			21,433				10,197
			664,866				605,521
Less: Current portion of long-term debt			(29,290	)			(25,617	)
Total long-term debt, net of current portion		$	635,576			$	579,904

Property mortgage loans, net of debt issuance costs, are as follows:


		As of
(in thousands)		December 31, 2023				January 1, 2023
Term loan, interest at 6.99%, maturing June 1, 2033		$	137,099			$	—
Term loan, interest at 5.34%, maturing February 6, 2024			—				54,614
Mezzanine loan, interest at 7.25%, maturing February 6, 2024			—				61,573
Total property mortgage loans		$	137,099			$	116,187

Summary Of remaining loans consist

The other loans consist of the following:


		Currency		Maturity date		Principal balance as of December 31, 2023				Applicable interest rate as of December 31, 2023
Dean Street loan		Great Britain pound sterling		March 2040		$	9,740				6.0	%
Copenhagen loan		Danish krone		November 2033			2,182				8.0	%
Greek Street loan		Great Britain pound sterling		January 2028			2,970				7.5	%
Compagnie de Phalsbourg credit facility		Euro		January 2025			5,716				7.0	%
Greek government loan		Euro		July 2025			828				3.1	%

Summary of Future Principal Payments for the Company's Debt, Property Mortgage Loans, and Related Party Loans

The following table presents future principal payments for the Company’s debt and property mortgage loans as of December 31, 2023:


(in thousands)
2024		$	29,290
2025			10,255
2026			1,293
2027			616,925
2028			7,473
Thereafter			146,571
Total future principal payments			811,807
Less: Unamortized debt issuance costs			(9,842	)
Total debt		$	801,965