XML 16 R6.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 29, 2024
Sep. 24, 2023
Cash flows from operating activities:    
Net loss $ (61,343) $ (85,970)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 50,069 43,310
Amortization of lease acquisition 69 69
Amortization of loan origination fees 58 36
Amortization of cloud computing arrangements 682 657
Non-cash operating lease cost 23,312 21,692
Loss on fixed asset disposal 178 547
Stock-based compensation 30,214 40,133
Non-cash impairment and closure costs 73 66
Non-cash restructuring charges 525 5,050
Deferred income tax expense 270 954
Change in fair value of contingent consideration liability 5,214 1,591
Changes in operating assets and liabilities:    
Accounts receivable (3,639) (6,647)
Inventory (34) (1,965)
Prepaid expenses and other assets 1,408 (1,091)
Operating lease liabilities (16,854) (16,779)
Accounts payable (421) 7,085
Accrued payroll and benefits 833 6,934
Accrued expenses 5,846 2,186
Gift card and loyalty liability 875 (184)
Other non-current liabilities (64) (118)
Net cash provided by operating activities 37,271 17,556
Cash flows from investing activities:    
Purchase of property and equipment (57,739) (74,884)
Purchase of intangible assets (5,458) (4,461)
Security and landlord deposits (2) (27)
Net cash used in investing activities (63,199) (79,372)
Cash flows from financing activities:    
Proceeds from stock option exercise 9,704 5,111
Payment of contingent consideration (3,868) 0
Payment associated to shares repurchased for tax withholding 0 (166)
Net cash provided by financing activities 5,836 4,945
Net decrease in cash and cash equivalents and restricted cash (20,092) (56,871)
Cash and cash equivalents and restricted cash—beginning of year 257,355 331,739
Cash and cash equivalents and restricted cash—end of period 237,263 274,868
Supplemental disclosure of cash flow information    
Cash paid for interest 184 0
Purchase of property and equipment accrued in accounts payable and accrued expenses 9,387 5,455
Non-cash issuance of common stock associated with Spyce milestone achievement $ 2,132 $ 0