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Loss Per Share and Shareholders' Equity (Deficit) (Tables)
 12 Months Ended
Dec. 31, 2023
Stockholders' Equity Note [Abstract]  
Schedule of Changes in each Class of Redeemable Preferred Shares, Ordinary Shares and Common Stock

The table below presents changes in each class of the Company’s redeemable preferred shares, ordinary shares and common stock, as applicable:

 

 

 

 

 

 

 

 

SHHL Ordinary Shares

 

 

 

SHCO Common Stock

 

 

SHHL Redeemable Preferred Shares

 

SHHL Redeemable C Ordinary Shares

 

 

 

A
Ordinary
Shares

 

B
Ordinary
Shares

 

C
Ordinary
Shares

 

C2
Ordinary
Shares

 

D
Ordinary
Shares

 

 

 

Class A Common Stock

 

Class B Common Stock

 

As of January 3, 2021

 

10,000,000

 

 

16,435,997

 

 

 

 

166,575,991

 

 

4,469,417

 

 

1,710,546

 

 

3,326,048

 

 

2,850,897

 

 

 

 

—

 

 

—

 

Issuance of senior convertible preference shares (Note 15)

 

12,970,766

 

 

—

 

 

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

 

 

—

 

 

—

 

Issuance of SHHL redeemable C ordinary shares (Note 16)

 

—

 

 

4,751,497

 

 

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

 

 

—

 

 

—

 

SHHL C2 ordinary shares issued in connection with the Cipura Acquisition (Note 3)

 

—

 

 

—

 

 

 

 

—

 

 

—

 

 

—

 

 

644,828

 

 

—

 

 

 

 

—

 

 

—

 

SHHL C2 ordinary shares issued in connection with the Mandolin Acquisition (Note 3)

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

92,647

 

 

—

 

 

—

 

 

—

 

 

—

 

SHHL C2 ordinary shares issued in connection with the purchase of Soho Works North America non-controlling interests (Note 3)

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

3,984,883

 

 

—

 

 

—

 

 

—

 

 

—

 

SHHL C2 ordinary shares issued in connection with the purchase of Scorpios non-controlling interests (Note 3)

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

572,410

 

 

—

 

 

—

 

 

—

 

 

—

 

SHHL C2 ordinary shares issued in connection with The LINE and Saguaro Acquisition (Note 3)

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

1,900,599

 

 

—

 

 

—

 

 

—

 

 

—

 

Effect of the Reorganization Transactions (Note 1)

 

—

 

 

(21,187,494

)

 

 

 

(166,575,991

)

 

(4,469,417

)

 

(1,710,546

)

 

(10,521,415

)

 

(2,850,897

)

 

 

 

14,935,193

 

 

141,500,385

 

Issuance of common stock in connection with initial public offering (Note 1)

 

—

 

 

—

 

 

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

 

 

30,567,918

 

 

—

 

Redemption of the May 2016 preferred shares (Note 15)

 

(10,000,000

)

 

—

 

 

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

 

 

—

 

 

—

 

Conversion of senior convertible preference shares into Class A common stock (Note 15)

 

(12,970,766

)

 

—

 

 

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

 

 

15,526,619

 

 

—

 

As of January 2, 2022

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

 

 

61,029,730

 

 

141,500,385

 

 

 

SHCO Common Stock

 

 

Class A
Common Stock

 

Class B
Common Stock

 

As of January 2, 2022

 

61,029,730

 

 

141,500,385

 

Shares repurchased

 

(8,467,120

)

 

—

 

Shares issued related to share-based compensation

 

1,159,987

 

 

—

 

As of January 1, 2023

 

53,722,597

 

 

141,500,385

 

Shares repurchased

 

(2,000,000

)

 

—

 

Shares issued related to share-based compensation

 

2,019,134

 

 

—

 

As of December 31, 2023

 

53,741,731

 

 

141,500,385

 
Schedule of Reconciliation of the Loss and Number of Shares Basic and Diluted Loss Per Shares

The table below illustrates the reconciliation of the loss and the number of shares used in the calculations of basic and diluted loss per share:

 

 

 

For the Fiscal Year Ended

 

(in thousands except share and per share amounts)

 

December 31, 2023

 

 

January 1, 2023

 

 

January 2, 2022

 

Net loss attributable to Soho House & Co Inc.

 

$

(117,953

)

 

$

(220,580

)

 

$

(265,395

)

Less: Cumulative SHHL preferred shares undeclared dividends

 

 

—

 

 

 

—

 

 

 

(4,778

)

Less: Incremental accretion of SHHL preferred shares to
redemption value

 

 

—

 

 

 

—

 

 

 

(1,085

)

Add: Foreign currency remeasurement of SHHL preferred shares

 

 

—

 

 

 

—

 

 

 

666

 

Less: Non-cash dividends on the SHHL senior convertible preference shares

 

 

—

 

 

 

—

 

 

 

(4,335

)

Less: Preferred Shares deemed dividend upon conversion

 

 

—

 

 

 

—

 

 

 

(51,469

)

Adjusted net loss attributable to Class A and Class B common stockholders

 

 

(117,953

)

 

 

(220,580

)

 

 

(326,396

)

Weighted average shares outstanding for basic and diluted loss per share for Class A and Class B common stockholders

 

 

195,589,859

 

 

 

199,985,264

 

 

 

173,691,203

 

Basic and diluted loss per share

 

$

(0.60

)

 

$

(1.10

)

 

$

(1.88

)