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Segment Data
6 Months Ended
Jul. 01, 2023
Segment Reporting [Abstract]  
Segment Data
14.
Segment Data

As previously disclosed, effective the first day of fiscal 2023 (i.e., January 1, 2023), the Company realigned its organizational structure and resources to more closely align with its strategic priorities and centralized the global management of certain functions and systems. As a result of the change in its organizational structure, the Company now has two reportable segments, consisting of North America and International, for the purpose of making operational and resource decisions and assessing financial performance. “North America” refers to the Company’s North American Company-owned operations and franchise revenues and related costs; and “International” refers to the Company’s Continental Europe Company-owned operations, United Kingdom Company-owned operations, and Australia, New Zealand and emerging markets operations. The new reportable segments will continue to provide similar services and products. To be consistent with the information that is presented to the chief operating decision maker, the Company does not include intercompany activity in the segment results. Segment information for the three and six months ended July 2, 2022 presented below has been updated to reflect the new reportable segment structure.

Information about the Company’s reportable segments is as follows:

 

 

Total Revenues, net

 

 

Total Revenues, net

 

 

Three Months Ended

 

 

Six Months Ended

 

 

July 1,

 

 

July 2,

 

 

July 1,

 

 

July 2,

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

North America

$

162,188

 

 

$

188,375

 

 

$

333,213

 

 

$

393,055

 

International

 

64,642

 

 

 

81,079

 

 

 

135,511

 

 

 

174,159

 

   Total revenues, net

$

226,830

 

 

$

269,454

 

 

$

468,724

 

 

$

567,214

 

 

 

Net Income (Loss)

 

 

Net Loss

 

 

Three Months Ended

 

 

Six Months Ended

 

 

July 1,

 

 

July 2,

 

 

July 1,

 

 

July 2,

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Segment operating income:

 

 

 

 

 

 

 

 

 

 

 

North America

$

35,100

 

 

$

26,654

 

 

$

45,786

 

 

$

48,063

 

International

 

22,943

 

 

 

29,873

 

 

 

32,122

 

 

 

48,141

 

   Total segment operating income

 

58,043

 

 

 

56,527

 

 

 

77,908

 

 

 

96,204

 

General corporate expenses

 

31,726

 

 

 

43,161

 

 

 

80,174

 

 

 

73,869

 

Interest expense

 

24,075

 

 

 

19,255

 

 

 

46,921

 

 

 

37,926

 

Other (income) expense, net

 

(520

)

 

 

1,613

 

 

 

(851

)

 

 

1,956

 

(Benefit from) provision for income taxes

 

(48,066

)

 

 

(2,879

)

 

 

19,515

 

 

 

(4,681

)

   Net income (loss)

$

50,828

 

 

$

(4,623

)

 

$

(67,851

)

 

$

(12,866

)

 

 

Depreciation and Amortization

 

 

Depreciation and Amortization

 

 

Three Months Ended

 

 

Six Months Ended

 

 

July 1,

 

 

July 2,

 

 

July 1,

 

 

July 2,

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

North America

$

8,728

 

 

$

8,345

 

 

$

16,196

 

 

$

16,798

 

International

 

262

 

 

 

481

 

 

 

551

 

 

 

986

 

   Total segment depreciation and amortization

 

8,990

 

 

 

8,826

 

 

 

16,747

 

 

 

17,784

 

General corporate depreciation and amortization

 

5,144

 

 

 

4,462

 

 

 

10,631

 

 

 

7,517

 

   Depreciation and amortization

$

14,134

 

 

$

13,288

 

 

$

27,378

 

 

$

25,301