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Revision of Previously Issued Financial Statements (Tables) | 9 Months Ended
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Sep. 30, 2023
Prior Period Adjustment [Abstract] |
Schedule of Error Corrections and Prior Period Adjustments |
| Nine Months Ended October 1, 2022 |
| As Previously Reported |  |  | Adjustments |  |  | As Revised |
CONSOLIDATED STATEMENT OF OPERATIONS |  |  |  |  |  |  |  |
Benefit from income taxes | $ | (75,431 | ) |  | $ | 2,185 |  |  | $ | (73,246 | )
Net loss | $ | (218,902 | ) |  | $ | (2,185 | ) |  | $ | (221,087 | )
Net loss per share |  |  |  |  |  |  |  |
Basic | $ | (3.12 | ) |  | $ | (0.03 | ) |  | $ | (3.15 | )
Diluted | $ | (3.12 | ) |  | $ | (0.03 | ) |  | $ | (3.15 | )
| Nine Months Ended October 1, 2022 |
| As Previously Reported |  |  | Adjustments |  |  | As Revised |
CONSOLIDATED STATEMENT OF COMPREHENSIVE LOSS |  |  |  |  |  |  |  |
Net loss | $ | (218,902 | ) |  | $ | (2,185 | ) |  | $ | (221,087 | )
Comprehensive loss | $ | (211,615 | ) |  | $ | (2,185 | ) |  | $ | (213,800 | )
| Nine Months Ended October 1, 2022 |
| As Previously Reported |  |  | Adjustments |  |  | As Revised |
CONSOLIDATED STATEMENT OF CASH FLOWS |  |  |  |  |  |  |  |
Net loss | $ | (218,902 | ) |  | $ | (2,185 | ) |  | $ | (221,087 | )
Changes in cash due to: |  |  |  |  |  |  |  |
Income taxes | $ | (392 | ) |  | $ | 2,185 |  |  | $ | 1,793 |
Cash provided by operating activities | $ | 80,546 |  |  | $ | — |  |  | $ | 80,546 |
The revisions to the unaudited consolidated statement of operations for the three months ended December 31, 2022 are as follows:
| Three Months Ended December 31, 2022 |
| As Previously Reported |  |  | Adjustments |  |  | As Revised |
CONSOLIDATED STATEMENT OF OPERATIONS |  |  |  |  |  |  |  |
Revenues, net | $ | 223,924 |  |  | $ | (1,021 | ) |  | $ | 222,903 |
Gross profit | $ | 126,990 |  |  | $ | (1,021 | ) |  | $ | 125,969 |
Operating loss | $ | (50,756 | ) |  | $ | (1,021 | ) |  | $ | (51,777 | )
Loss before income taxes | $ | (71,448 | ) |  | $ | (1,021 | ) |  | $ | (72,469 | )
Benefit from income taxes | $ | (38,948 | ) |  | $ | 2,259 |  |  | $ | (36,689 | )
Net loss | $ | (32,500 | ) |  | $ | (3,280 | ) |  | $ | (35,780 | )
Net loss per share |  |  |  |  |  |  |  |
Basic | $ | (0.46 | ) |  | $ | (0.05 | ) |  | $ | (0.51 | )
Diluted | $ | (0.46 | ) |  | $ | (0.05 | ) |  | $ | (0.51 | )
The revisions to the audited consolidated balance sheet, consolidated statement of operations, consolidated statement of comprehensive loss and consolidated statement of cash flows as of and for the year ended December 31, 2022 are presented below. Additionally, the Company will further present the revisions of its previously issued consolidated financial statements and relevant notes to the consolidated financial statements as of and for the year ended December 31, 2022 and prior in connection with the future filing of its 2023 Annual Report on Form 10-K. There were no changes to the consolidated statement of changes in total deficit that have not otherwise been reflected in the consolidated balance sheet and consolidated statements of operations and comprehensive loss as detailed in the tables below.
| At December 31, 2022 |
| As Previously Reported |  |  | Adjustments |  |  | As Revised |
CONSOLIDATED BALANCE SHEET |  |  |  |  |  |  |  |
Deferred income taxes | $ | 23,119 |  |  | $ | 1,965 |  |  | $ | 25,084 |
Total Liabilities | $ | 1,712,245 |  |  | $ | 1,965 |  |  | $ | 1,714,210 |
Retained earnings | $ | 2,418,959 |  |  | $ | (1,965 | ) |  | $ | 2,416,994 |
Total Deficit | $ | (683,815 | ) |  | $ | (1,965 | ) |  | $ | (685,780 | )
| Fiscal Year Ended December 31, 2022 |
| As Previously Reported |  |  | Adjustments |  |  | As Revised |
CONSOLIDATED STATEMENT OF OPERATIONS |  |  |  |  |  |  |  |
Revenues, net | $ | 1,040,856 |  |  | $ | (1,021 | ) |  | $ | 1,039,835 |
Gross profit | $ | 622,400 |  |  | $ | (1,021 | ) |  | $ | 621,379 |
Operating loss | $ | (282,950 | ) |  | $ | (1,021 | ) |  | $ | (283,971 | )
Loss before income taxes | $ | (365,782 | ) |  | $ | (1,021 | ) |  | $ | (366,803 | )
Benefit from income taxes | $ | (114,379 | ) |  | $ | 4,444 |  |  | $ | (109,935 | )
Net loss | $ | (251,403 | ) |  | $ | (5,465 | ) |  | $ | (256,868 | )
Net loss per share |  |  |  |  |  |  |  |
Basic | $ | (3.58 | ) |  | $ | (0.08 | ) |  | $ | (3.65 | )
Diluted | $ | (3.58 | ) |  | $ | (0.08 | ) |  | $ | (3.65 | )
| Fiscal Year Ended December 31, 2022 |
| As Previously Reported |  |  | Adjustments |  |  | As Revised |
CONSOLIDATED STATEMENT OF COMPREHENSIVE LOSS |  |  |  |  |  |  |  |
Net loss | $ | (251,403 | ) |  | $ | (5,465 | ) |  | $ | (256,868 | )
Comprehensive loss | $ | (238,269 | ) |  | $ | (5,465 | ) |  | $ | (243,734 | )
| Fiscal Year Ended December 31, 2022 |
| As Previously Reported |  |  | Adjustments |  |  | As Revised |
CONSOLIDATED STATEMENT OF CASH FLOWS |  |  |  |  |  |  |  |
Net loss | $ | (251,403 | ) |  | $ | (5,465 | ) |  | $ | (256,868 | )
Changes in cash due to: |  |  |  |  |  |  |  |
Prepaid expenses | $ | 9,599 |  |  | $ | (721 | ) |  | $ | 8,878 |
Accrued liabilities | $ | 19,904 |  |  | $ | 1,021 |  |  | $ | 20,925 |
Income taxes | $ | (588 | ) |  | $ | 5,165 |  |  | $ | 4,577 |
Cash provided by operating activities | $ | 76,646 |  |  | $ | — |  |  | $ | 76,646 |

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