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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 26, 2022
Jun. 27, 2021
Cash flows from operating activities:    
Net loss $ (89,233) $ (56,928)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 21,982 16,255
Amortization of lease acquisition 259 190
Amortization of loan origination fees 90 46
Loss on fixed asset disposal 19 56
Stock-based compensation 45,372 3,099
Closed-store costs 152 0
Deferred income tax expense 39 0
Change in fair value of contingent consideration liability (1,852) 0
Change in fair value of preferred stock warrant liability 0 2,804
Changes in operating assets and liabilities:    
Accounts receivable (869) (1,360)
Tenant improvement receivables 228 (7,627)
Inventory (211) (142)
Prepaid expenses and other current assets (1,183) (3,186)
Accounts payable 3,030 2,562
Accrued payroll and benefits (3,157) 4,350
Accrued expenses (906) 1,880
Gift card and loyalty liability (199) (1,037)
Other non-current liabilities (110) 0
Deferred rent liability 8,633 11,456
Net cash used in operating activities (17,916) (27,582)
Cash flows from investing activities:    
Purchase of property and equipment (46,626) (37,919)
Purchase of intangible assets (2,563) (3,144)
Security and landlord deposits 162 252
Lease acquisition costs (1,088) (612)
Net cash used in investing activities (50,115) (41,423)
Cash flows from financing activities:    
Proceeds from preferred stock issuance, net of issuance costs 0 113,811
Proceeds from stock option exercise 2,927 3,763
Deferred offering costs paid 0 (1,648)
Net cash provided by financing activities 2,927 115,926
Net (decrease) increase in cash and cash equivalents and restricted cash (65,104) 46,921
Cash and cash equivalents and restricted cash—beginning of year 472,299 102,765
Cash and cash equivalents and restricted cash—end of period 407,195 149,686
Supplemental disclosure of cash flow information    
Cash paid for interest 0 42
Purchase of property and equipment accrued in accounts payable and accrued expenses 2,515 1,885
Non-cash investing and financing activities    
Deferred offering costs not yet paid 0 812
Initial liability associated with Series J warrants $ 0 $ 4,953