Details of Certain Balance Sheet Accounts (Tables)
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3 Months Ended |
Apr. 01, 2023 |
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| Organization, Consolidation and Presentation of Financial Statements [Abstract] |
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| Schedule of Cash, Cash Equivalents, and Restricted Cash |
The following table provides a reconciliation of cash and cash equivalents reported within the Condensed Consolidated Balance sheets to the total of Cash, cash equivalents and restricted cash shown in the Condensed Consolidated Statement of Cash Flows: | | | | | | | | | | | | | Three Months Ended | | In thousands | April 1, 2023 | | April 2, 2022 | | Cash, cash equivalents and restricted cash: | | | | | Cash and cash equivalents | $ | 246,906 | | | $ | 314,642 | | | Restricted cash included in other assets | 1,505 | | | 1,333 | | | $ | 248,411 | | | $ | 315,975 | |
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| Schedule of Accounts Receivable, Net |
The following tables provide additional details of certain balance sheet accounts as of the dates shown below:
| | | | | | | | | | | | | In thousands | As of
April 1, 2023 | | As of
December 31, 2022 | | Accounts receivable, net: | | | | | Trade receivables | $ | 44,017 | | | $ | 41,622 | | | Credit card receivables | 20,304 | | | 23,311 | | Other receivables (1) | 16,202 | | | 15,478 | | | Allowance for credit losses | (478) | | | (519) | | | $ | 80,045 | | | $ | 79,892 | | (1) Includes Coronavirus Aid, Relief, and Economic Security (“CARES”) Act receivable in the amount of $9.0 million as of April 1, 2023 and December 31, 2022. |
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| Schedule of Inventories |
| | | | | | | | | | | | | In thousands | As of
April 1, 2023 | | As of
December 31, 2022 | | Inventories: | | | | Raw materials and work in process (1) | $ | 61,973 | | | $ | 64,786 | | | Finished goods | 61,551 | | | 58,372 | | | $ | 123,524 | | | $ | 123,158 | | (1)Due to the immaterial amount of estimated work in process and the short lead times for the conversion of raw materials to finished goods, the Company does not separately present raw materials and work in process. |
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| Schedule of Other Payables and Accrued Expenses |
| | | | | | | | | | | | | In thousands | As of
April 1, 2023 | | As of
December 31, 2022 | | Other payables and accrued expenses: | | | | | Associate compensation and benefits | $ | 35,145 | | | $ | 37,451 | | | Self-insurance liabilities | 9,178 | | | 8,744 | | | Capital expenditures | 7,634 | | | 9,594 | | | Advertising | 993 | | | 3,811 | | | Reserves for customer returns and remakes | 8,715 | | | 7,676 | | | Legacy management & services agreement | 4,716 | | | 6,488 | | Income taxes payable (1) | 12,615 | | | 103 | | | Supplies and other store support expenses | 3,608 | | | 4,215 | | | | | | | | | | | Other | 20,584 | | | 16,143 | | | $ | 103,188 | | | $ | 94,225 | |
(1) Income tax receivables of $4.6 million were included in Prepaid expenses and other current assets as of December 31, 2022.
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| Schedule of Other Non-current Liabilities |
| | | | | | | | | | | | | In thousands | As of
April 1, 2023 | | As of
December 31, 2022 | | Other noncurrent liabilities: | | | | | | | | | Self-insurance liabilities | $ | 6,579 | | | $ | 6,292 | | | Other | 2,499 | | | 2,608 | | | $ | 9,078 | | | $ | 8,900 | |
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