XML 14 R4.htm IDEA: XBRL DOCUMENT v3.25.3
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2025
Sep. 28, 2024
Jun. 24, 2025
Sep. 28, 2024
Revenues, net $ 184,258 $ 172,091 $ 192,887 $ 363,568 $ 601,508
Cost of revenues 51,238 47,980 63,391 100,184 196,918
Gross profit 133,020 124,111 129,496 263,384 404,590
Marketing expenses 51,188 48,404 44,402 110,871 188,260
Product development expenses 8,236 7,550 10,048 25,281 33,285
Selling, general and administrative expenses 62,975 60,122 57,046 78,480 140,456
Franchise rights acquired impairments     57,045 27,549 315,033
Operating income (loss) 10,621 8,035 (39,045) 21,203 (272,444)
Reorganization items, net       (1,143,918)  
Interest expense 12,975 12,052 28,619 38,664 81,923
Other expense, net 1,274 342 5,870 6,685 4,187
(Loss) income before income taxes (3,628) (4,359) (73,534) 1,119,772 (358,554)
Provision for (benefit from) income taxes 52,634 53,157 (27,342) 1,669 12,270
Net (loss) income $ (56,262) $ (57,516) $ (46,192) $ 1,118,103 $ (370,824)
(Net loss) earnings per share          
Basic $ (5.63) $ (5.76) $ (0.58) $ 13.93 $ (4.67)
Diluted $ (5.63) $ (5.76) $ (0.58) $ 13.8 $ (4.67)
Weighted average common shares outstanding          
Basic 9,987 9,987 79,732 80,271 79,474
Diluted 9,987 9,987 79,732 80,998 79,474
Subscription          
Revenues, net $ 183,007 $ 170,929 $ 191,248 $ 360,953 $ 595,260
Cost of revenues 51,166 47,908 63,329 100,026 195,168
Other          
Revenues, net 1,251 1,162 1,639 2,615 6,248
Cost of revenues $ 72 $ 72 $ 62 $ 158 $ 1,750