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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 25, 2023
Cash flows from operating activities:    
Net loss $ (40,527) $ (60,915)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 33,164 27,628
Amortization of lease acquisition 46 46
Amortization of loan origination fees 39 17
Amortization of cloud computing arrangements 453 435
Non-cash operating lease cost 15,318 24,415
Loss on fixed asset disposal 115 58
Stock-based compensation 20,529 28,667
Non-cash impairment and closure costs 48 43
Non-cash restructuring charges 350 4,875
Deferred income tax expense 180 636
Change in fair value of contingent consideration liability 2,940 (21)
Changes in operating assets and liabilities:    
Accounts receivable (2,992) (4,572)
Inventory 31 (1,762)
Prepaid expenses and other assets 423 (5,568)
Operating lease liabilities (12,902) (21,870)
Accounts payable 1,592 8,740
Accrued payroll and benefits 570 3,938
Accrued expenses 2,624 309
Gift card and loyalty liability 581 (192)
Other non-current liabilities (40) (86)
Net cash provided by operating activities 22,542 4,821
Cash flows from investing activities:    
Purchase of property and equipment (32,682) (55,767)
Purchase of intangible assets (3,593) (2,570)
Security and landlord deposits 0 (111)
Net cash used in investing activities (36,275) (58,448)
Cash flows from financing activities:    
Proceeds from stock option exercise 5,404 2,510
Payment of contingent consideration (3,868) 0
Payment associated to shares repurchased for tax withholding 0 (164)
Net cash provided by financing activities 1,536 2,346
Net decrease in cash and cash equivalents and restricted cash (12,197) (51,281)
Cash and cash equivalents and restricted cash—beginning of year 257,355 331,739
Cash and cash equivalents and restricted cash—end of period 245,158 280,458
Supplemental disclosure of cash flow information    
Cash paid for interest 178 0
Purchase of property and equipment accrued in accounts payable and accrued expenses 11,408 6,718
Non-cash issuance of common stock associated with Spyce milestone achievement $ 2,132 $ 0