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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 9 Months Ended
Sep. 30, 2025
Jun. 24, 2025
Sep. 28, 2024
Operating activities:      
Net (loss) income $ (56,262) $ 1,118,103 $ (370,824)
Adjustments to reconcile net (loss) income to cash provided by (used for) operating activities:      
Depreciation and amortization 27,174 14,201 29,103
Amortization of deferred financing costs and debt discount (26) 1,766 3,763
Impairment of franchise rights acquired   27,549 315,033
Impairment of intangible and long-lived assets   97 297
Share-based compensation expense   4,032 7,059
Deferred tax provision (benefit) 1,064 (4,503) (15,905)
Allowance for doubtful accounts (513) (1,131) 12,296
Reserve for inventory obsolescence (2) (1) 75
Foreign currency exchange rate loss 1,298 6,717 1,902
Non-cash reorganization items, net   (1,176,532)  
Changes in cash due to:      
Receivables (2,245) 4,280 4,675
Inventories 2 3 97
Prepaid expenses 39,934 (31,281) 19,754
Accounts payable 1,454 (8,237) (1,718)
Accrued liabilities (14,623) 15,084 (14,551)
Deferred revenue (2,220) (2,914) (2,745)
Other long term assets and liabilities, net (11) (2,236) (15,334)
Income taxes 13,394 580 5,576
Cash provided by (used for) operating activities 8,418 (34,423) (21,447)
Investing activities:      
Capital expenditures (6) (87) (598)
Capitalized software and website development expenditures (3,678) (6,253) (12,620)
Cash paid for acquisitions, net of cash acquired (1,020)    
Other items, net (3) (1) (5)
Cash used for investing activities (4,707) (6,341) (13,223)
Financing activities:      
Borrowings on revolving credit facility   171,341  
Financing costs   (1,298)  
Taxes paid related to net share settlement of equity awards   (145) (631)
Cash paid for acquisitions   (16,000) (16,500)
Other items, net     (4)
Cash provided by (used for) financing activities   153,898 (17,135)
Effect of exchange rate changes on cash and cash equivalents and restricted cash 235 3,966 (380)
Net increase (decrease) in cash and cash equivalents and restricted cash 3,946 117,100 (52,185)
Cash and cash equivalents and restricted cash, beginning of period 173,620 56,520 109,366
Cash and cash equivalents and restricted cash, end of period $ 177,566 $ 173,620 $ 57,181