XML 16 R6.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 26, 2023
Cash flows from operating activities:    
Net loss $ (26,067) $ (33,657)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 16,427 13,110
Amortization of lease acquisition 23 23
Amortization of loan origination fees 19 21
Amortization of cloud computing arrangements 226 216
Non-cash operating lease cost 7,547 11,829
Loss on fixed asset disposal 66 48
Stock-based compensation 9,626 14,265
Non-cash impairment and closure costs 24 190
Non-cash restructuring charges 175 638
Deferred income tax expense 90 319
Change in fair value of contingent consideration liability 2,027 1,052
Changes in operating assets and liabilities:    
Accounts receivable (2,088) (1,820)
Inventory 215 99
Prepaid expenses and other assets 775 (5,939)
Operating lease liabilities (5,820) (12,789)
Accounts payable 1,884 7,012
Accrued payroll and benefits (3,009) 2,177
Accrued expenses 966 310
Gift card and loyalty liability 340 (180)
Other non-current liabilities (20) (54)
Net cash provided by (used in) operating activities 3,426 (3,130)
Cash flows from investing activities:    
Purchase of property and equipment (13,410) (30,860)
Purchase of intangible assets (1,612) (1,525)
Security and landlord deposits 0 6
Net cash used in investing activities (15,022) (32,379)
Cash flows from financing activities:    
Proceeds from stock option exercise 1,990 767
Payment of contingent consideration (3,868) 0
Payment associated to shares repurchased for tax withholding 0 (44)
Net cash provided by (used in) financing activities (1,878) 723
Net decrease in cash and cash equivalents and restricted cash (13,474) (34,786)
Cash and cash equivalents and restricted cash—beginning of year 257,355 331,739
Cash and cash equivalents and restricted cash—end of period 243,881 296,953
Supplemental disclosure of cash flow information    
Purchase of property and equipment accrued in accounts payable and accrued expenses 7,474 5,907
Non-cash issuance of common stock associated with Spyce milestone achievement $ 2,132 $ 0