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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 01, 2023
Jul. 02, 2022
Jul. 01, 2023
Jul. 02, 2022
Revenues, net $ 226,830 $ 269,454 $ 468,724 $ 567,214
Cost of revenues 83,650 106,492 206,033 224,155
Gross profit 143,180 162,962 262,691 343,059
Marketing expenses 51,119 51,857 139,353 159,427
Selling, general and administrative expenses 65,744 71,319 125,604 134,877
Franchise rights acquired and goodwill impairments   26,420   26,420
Operating income (loss) 26,317 13,366 (2,266) 22,335
Interest expense 24,075 19,255 46,921 37,926
Other (income) expense, net (520) 1,613 (851) 1,956
Income (loss) before income taxes 2,762 (7,502) (48,336) (17,547)
(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)
Earnings (net loss) per share        
Basic $ 0.65 $ (0.07) $ (0.91) $ (0.18)
Diluted $ 0.65 $ (0.07) $ (0.91) $ (0.18)
Weighted average common shares outstanding        
Basic 78,007 70,305 74,302 70,195
Diluted 78,591 70,305 74,302 70,195
Subscription        
Revenues, net $ 212,140 $ 240,391 $ 423,172 $ 497,376
Cost of revenues 71,378 84,129 166,275 170,170
Product and Other        
Revenues, net 14,690 29,063 45,552 69,838
Cost of revenues $ 12,272 $ 22,363 $ 39,758 $ 53,985