XML 15 R6.htm IDEA: XBRL DOCUMENT v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 24, 2023
Sep. 25, 2022
Cash flows from operating activities:    
Net loss $ (85,970) $ (141,183)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 43,310 33,869
Amortization of lease acquisition 69 70
Amortization of loan origination fees 36 112
Amortization of cloud computing arrangements 657 0
Non-cash operating lease cost 21,692 21,314
Loss on fixed asset disposal 547 40
Stock-based compensation 40,133 62,973
Non-cash impairment and closure costs 66 1,921
Non-cash restructuring charges 5,050 12,673
Deferred income tax expense 954 59
Change in fair value of contingent consideration liability 1,591 (2,155)
Changes in operating assets and liabilities:    
Accounts receivable (6,647) (1,935)
Inventory (1,965) (299)
Prepaid expenses and other assets (1,091) (3,646)
Operating lease liabilities (16,779) (5,306)
Accounts payable 7,085 (822)
Accrued payroll and benefits 6,934 (3,129)
Accrued expenses 2,186 205
Gift card and loyalty liability (184) (196)
Other non-current liabilities (118) (272)
Net cash provided by (used in) operating activities 17,556 (25,707)
Cash flows from investing activities:    
Purchase of property and equipment (74,884) (65,978)
Purchase of intangible assets (4,461) (3,552)
Security and landlord deposits (27) 161
Net cash used in investing activities (79,372) (69,369)
Cash flows from financing activities:    
Proceeds from stock option exercise 5,111 3,978
Payment associated to shares repurchased for tax withholding (166) 0
Net cash provided by financing activities 4,945 3,978
Net decrease in cash and cash equivalents and restricted cash (56,871) (91,098)
Cash and cash equivalents and restricted cash—beginning of year 331,739 472,299
Cash and cash equivalents and restricted cash—end of period 274,868 381,201
Supplemental disclosure of cash flow information    
Purchase of property and equipment accrued in accounts payable and accrued expenses $ 5,455 $ 702