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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Oct. 01, 2022
Sep. 30, 2023
Oct. 01, 2022
Revenues, net $ 214,871 $ 249,718 $ 683,594 $ 816,932
Cost of revenues 73,116 97,367 279,148 321,521
Gross profit 141,755 152,351 404,446 495,411
Marketing expenses 48,114 35,696 187,468 195,123
Selling, general and administrative expenses 63,034 58,443 188,638 193,320
Franchise rights acquired and goodwill impairments   312,741   339,161
Operating income (loss) 30,607 (254,529) 28,340 (232,193)
Interest expense 24,508 20,912 71,429 58,837
Other expense (income), net 815 1,344 (36) 3,303
Income (loss) before income taxes 5,284 (276,785) (43,053) (294,333)
Benefit from income taxes (38,447) (70,749) (18,933) (73,246)
Net income (loss) $ 43,731 $ (206,036) $ (24,120) $ (221,087)
Earnings (net loss) per share        
Basic $ 0.55 $ (2.93) $ (0.32) $ (3.15)
Diluted $ 0.54 $ (2.93) $ (0.32) $ (3.15)
Weighted average common shares outstanding        
Basic 78,979 70,383 75,861 70,258
Diluted 80,638 70,383 75,861 70,258
Subscription        
Revenues, net $ 203,496 $ 220,746 $ 626,667 $ 718,122
Cost of revenues 67,080 73,541 233,354 243,710
Product and Other        
Revenues, net 11,375 28,972 56,927 98,810
Cost of revenues $ 6,036 $ 23,826 $ 45,794 $ 77,811