v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 28, 2025
Jun. 29, 2024
Cash flows from operating activities:    
Net income $ 14,194 $ 9,245
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 23,965 40,779
Amortization of debt issuance costs and debt discount 2,826 2,755
Depreciation and amortization 40,262 35,681
Operating lease expense 69,427 63,593
Deferred income taxes, net (5,416) (20,631)
Loss on extinguishment of debt 2,718 4,088
Other items (15,923) (3,931)
Changes in operating assets and liabilities, net of acquisitions:    
Trade receivables (2,144) (1,838)
Inventories (7,717) (4,315)
Prepaid expenses and other assets (13,172) (12,270)
Accounts payable and accrued liabilities (2,449) 14,197
Accrued payroll and related taxes 6,447 (14,658)
Operating lease liabilities (62,247) (59,981)
Other liabilities 4,094 1,852
Net cash provided by operating activities 54,865 54,566
Cash flows from investing activities:    
Purchases of property and equipment (53,145) (53,284)
Business acquisition, net of cash acquired 0 (2,856)
Settlement of derivative instruments, net 1,838 28,136
Purchase of marketable securities (2,864) 0
Proceeds from sale of marketable securities 292 0
Net cash used in investing activities (53,879) (28,004)
Cash flows from financing activities:    
Principal payments on long-term debt (44,500) (52,500)
Payment of debt issuance costs 0 (1,004)
Prepayment premium on extinguishment of debt (1,335) (1,485)
Proceeds from stock option exercises 411 3,139
Repurchase of common stock (35,646) (2,866)
Shares withheld for taxes (191) (40)
Settlement of derivative instrument, net 0 11,925
Principal payments on finance lease liabilities (1,672) (705)
Net cash used in financing activities (82,933) (43,536)
Effect of exchange rate changes on cash and cash equivalents 2,530 (2,330)
Net change in cash and cash equivalents (79,417) (19,304)
Cash and cash equivalents at beginning of period 149,967 179,955
Cash and cash equivalents at end of period 70,550 160,651
Supplemental disclosures of cash flow information:    
Interest paid on debt 34,483 39,385
Income taxes paid, net 27,859 21,233
Supplemental disclosure of noncash investing and financing activities:    
Noncash capital expenditures 8,331 4,535
Repurchase of common stock not yet paid $ 332 $ 450