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Segment Data
9 Months Ended
Sep. 30, 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 nine months ended October 1, 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

 

 

Nine Months Ended

 

 

September 30,

 

 

October 1,

 

 

September 30,

 

 

October 1,

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

North America

$

154,687

 

 

$

176,469

 

 

$

487,900

 

 

$

569,525

 

International

 

60,184

 

 

 

73,249

 

 

 

195,694

 

 

 

247,407

 

   Total revenues, net

$

214,871

 

 

$

249,718

 

 

$

683,594

 

 

$

816,932

 

 

 

Net Income (Loss)

 

 

Net Loss

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

September 30,

 

 

October 1,

 

 

September 30,

 

 

October 1,

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Segment operating income (loss):

 

 

 

 

 

 

 

 

 

 

 

North America

$

36,064

 

 

$

(255,102

)

 

$

81,850

 

 

$

(207,039

)

International

 

23,675

 

 

 

29,074

 

 

 

55,797

 

 

 

77,216

 

   Total segment operating income (loss)

 

59,739

 

 

 

(226,028

)

 

 

137,647

 

 

 

(129,823

)

General corporate expenses

 

29,132

 

 

 

28,501

 

 

 

109,307

 

 

 

102,370

 

Interest expense

 

24,508

 

 

 

20,912

 

 

 

71,429

 

 

 

58,837

 

Other expense (income), net

 

815

 

 

 

1,344

 

 

 

(36

)

 

 

3,303

 

Benefit from income taxes

 

(38,447

)

 

 

(70,749

)

 

 

(18,933

)

 

 

(73,246

)

   Net income (loss)

$

43,731

 

 

$

(206,036

)

 

$

(24,120

)

 

$

(221,087

)

 

 

Depreciation and Amortization

 

 

Depreciation and Amortization

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

September 30,

 

 

October 1,

 

 

September 30,

 

 

October 1,

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

North America

$

8,523

 

 

$

7,939

 

 

$

24,719

 

 

$

24,738

 

International

 

237

 

 

 

362

 

 

 

787

 

 

 

1,347

 

   Total segment depreciation and amortization

 

8,760

 

 

 

8,301

 

 

 

25,506

 

 

 

26,085

 

General corporate depreciation and amortization

 

7,431

 

 

 

3,532

 

 

 

18,062

 

 

 

11,049

 

   Depreciation and amortization

$

16,191

 

 

$

11,833

 

 

$

43,568

 

 

$

37,134