XML 18 R7.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Jan. 01, 2022
Operating activities:      
Net (loss) income $ (112,255) $ (256,868) $ 67,125
Adjustments to reconcile net (loss) income to cash provided by operating activities:      
Depreciation and amortization 52,471 43,801 48,550
Amortization of deferred financing costs and debt discount 5,018 5,018 6,136
Impairment of franchise rights acquired and goodwill 3,633 396,727  
Impairment of intangible and long-lived assets 1,112 3,455 521
Share-based compensation expense 15,185 12,957 21,348
Deferred tax provision (benefit) 19,821 (145,829) (15,565)
Allowance for doubtful accounts 1,306 (460) (214)
Reserve for inventory obsolescence 7,350 6,796 7,657
Foreign currency exchange rate loss 263 2,374 744
Early extinguishment of debt     30,352
Changes in cash due to:      
Receivables 17,112 (7,558) 4,707
Inventories 14,018 3,733 1,816
Prepaid expenses (4,133) 8,878 1,554
Accounts payable (54) (2,691) 373
Accrued liabilities (11,625) 20,925 960
Deferred revenue 1,273 (11,733) (3,886)
Other long term assets and liabilities, net (3,598) (2,291) (7,962)
Income taxes (211) (588) (6,935)
Cash provided by operating activities 6,686 76,646 157,281
Investing activities:      
Capital expenditures (2,485) (2,065) (2,446)
Capitalized software and website development expenditures (33,816) (36,187) (35,205)
Cash paid for acquisitions, net of cash acquired (38,362) (4,350) (12,836)
Other items, net (33) (42) (2,266)
Cash used for investing activities (74,696) (42,644) (52,753)
Financing activities:      
Proceeds from long term debt     1,500,000
Financing costs and debt discount     (37,910)
Payments on long-term debt     (1,564,000)
Taxes paid related to net share settlement of equity awards (2,241) (2,197) (7,494)
Proceeds from stock options exercised 718   4,469
Cash paid for acquisitions (1,178) (2,413) (6,450)
Other items, net (48) (112) (151)
Cash used for financing activities (2,749) (4,722) (111,536)
Effect of exchange rate changes on cash and cash equivalents 1,799 (4,748) (5,085)
Net (decrease) increase in cash and cash equivalents (68,960) 24,532 (12,093)
Cash and cash equivalents, beginning of period 178,326 153,794 165,887
Cash and cash equivalents, end of period $ 109,366 $ 178,326 $ 153,794