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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 29, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net loss $ (32,896) $ (19,953)
Adjustments to reconcile net loss to net cash used in operations:    
Depreciation and amortization 10,166 11,587
Share-based compensation 12,552 202
Operating lease assets and liabilities (489) 2,003
Deferred income taxes (1,855) 0
Accretion of loan fees and interest 1,590 5,711
Change in:    
Accounts receivable 988 95
Other current assets (4,181) (1,917)
Other non-current assets 147 81
Accounts payable 423 (2,622)
Accrued expenses and other liabilities (405) (1,675)
Deferred income (1,158) (32)
Other current and non-current liabilities 557 411
Total adjustments 18,335 13,844
Net cash used in operating activities (14,561) (6,109)
Cash flows from investing activities:    
Proceeds from sale of property and equipment 4,431 0
Purchases of property and equipment (5,802) (13,116)
Net cash used in investing activities (1,371) (13,116)
Cash flows from financing activities:    
Proceeds from borrowings, net of issuance costs 4,000 3,146
Repayments of borrowings (7,326) (4,599)
Financing proceeds from affiliates 14,538 23,096
Net cash provided by financing activities 11,212 21,643
Net increase (decrease) in cash and restricted cash (4,720) 2,418
Cash and restricted cash at beginning of the period 25,888 24,145
Cash and restricted cash at end of the period 21,168 26,563
Supplemental disclosures of cash flow information:    
Cash paid for interest 17,973 16,467
Cash paid for income taxes 0 0
Supplemental disclosure of non-cash financing and investing activities:    
Issuance and distribution of long-term debt to FAT Brands Inc. 0 44,404
Exchange of Class A Common Shares for amounts due to FAT Brands Inc. 31,205 0
Distribution to FAT Brands Inc. $ (5,138) $ 0