XML 14 R7.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Operating activities:    
Net loss $ (324,633) $ (67,851)
Adjustments to reconcile net loss to cash used for operating activities:    
Depreciation and amortization 19,948 24,869
Amortization of deferred financing costs and debt discount 2,509 2,509
Impairment of franchise rights acquired 257,988  
Impairment of intangible and long-lived assets 197 189
Share-based compensation expense 5,141 9,613
Deferred tax benefit (14,948) (5,824)
Allowance for doubtful accounts 6,886 (143)
Reserve for inventory obsolescence 134 3,153
Foreign currency exchange rate gain (1,249) (841)
Changes in cash due to:    
Receivables 3,407 57
Inventories 30 6,886
Prepaid expenses 18,956 10,321
Accounts payable 6,598 3,402
Accrued liabilities (36,825) (19,536)
Deferred revenue 142 1,975
Other long term assets and liabilities, net (16,076) (1,265)
Income taxes 33,819 5,429
Cash used for operating activities (37,976) (27,057)
Investing activities:    
Capital expenditures (730) (1,746)
Capitalized software and website development expenditures (9,376) (17,907)
Cash paid for acquisitions, net of cash acquired   (38,362)
Other items, net (5) (8)
Cash used for investing activities (10,111) (58,023)
Financing activities:    
Taxes paid related to net share settlement of equity awards (629) (1,319)
Proceeds from stock options exercised   82
Cash paid for acquisitions (16,500) (1,066)
Other items, net (3) (38)
Cash used for financing activities (17,132) (2,341)
Effect of exchange rate changes on cash and cash equivalents (1,438) 541
Net decrease in cash and cash equivalents (66,657) (86,880)
Cash and cash equivalents, beginning of period 109,366 178,326
Cash and cash equivalents, end of period $ 42,709 $ 91,446