XML 16 R6.htm IDEA: XBRL DOCUMENT v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 29, 2026
Mar. 30, 2025
Cash flows from operating activities:    
Net income (loss) $ 125,809 $ (25,039)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 18,629 17,106
Amortization of lease acquisition 24 23
Amortization of cloud computing arrangements 275 242
Non-cash operating lease cost 9,290 8,341
Loss on disposal of property and equipment 399 86
Stock-based compensation 5,804 10,221
Non-cash impairment and closure costs 192 26
Non-cash restructuring charges 227 221
Deferred income tax expense 357 90
Change in fair value of contingent consideration liability 0 (1,685)
Gain on disposal of business (161,161) 0
Changes in operating assets and liabilities:    
Accounts receivable (1,876) (2,878)
Inventory (202) (131)
Prepaid expenses and other current assets (1,357) 473
Operating lease liabilities (9,656) (14,764)
Accounts payable (632) (948)
Accrued payroll and benefits 925 (5,522)
Accrued expenses and other current liabilities 1,173 725
Gift card and loyalty liability 22 291
Contingent consideration liability (5,396) 0
Other non-current liabilities (9) (6)
Net cash used in operating activities (17,163) (13,128)
Cash flows from investing activities:    
Purchase of property and equipment (12,395) (16,732)
Purchase of intangible assets (2,417) (2,500)
Security and landlord deposits 26 100
Proceeds from disposal of business 100,000 0
Net cash provided by (used in) investing activities 85,214 (19,132)
Cash flows from financing activities:    
Proceeds from stock option exercise 8 1,683
Payment associated to shares repurchased for tax withholding (419) (256)
Net cash (used in) provided by financing activities (411) 1,427
Net change in cash and cash equivalents and restricted cash 67,640 (30,833)
Cash and cash equivalents and restricted cash—beginning of year 93,343 217,429
Cash and cash equivalents and restricted cash—end of period 160,983 186,596
Cash paid for interest 28 0
Supplemental disclosure of cash flow information    
Purchase of property and equipment accrued in accounts payable and accrued expenses 6,643 9,112
Series C Preferred Stock of Wonder Group, Inc. as partial consideration for the Spyce sale $ 86,429 $ 0