v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 29, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 2,999 $ 32,247
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 7,649 6,027
Noncash lease expense 11,735 12,568
Deferred income tax 0 (31,251)
Stock-based compensation expense 3,375 3,192
Asset impairment, loss on disposal of property and equipment and shop closures 724 463
Loss on Franchise Growth Acceleration Initiative activities 95 162
Loss on extinguishment of debt 0 2,376
Other operating activities 104 130
Changes in operating assets and liabilities:    
Accounts receivable, net (363) (1,035)
Inventories 52 169
Prepaid expenses and other assets 1,010 (900)
Accounts payable (280) (522)
Operating lease liabilities (9,022) (14,540)
Accrued expenses and other liabilities 4,288 (5,236)
Net cash provided by operating activities: 22,366 3,850
Cash flows from investing activities:    
Purchases of property and equipment (10,823) (8,687)
Proceeds from sale of refranchised shops and other assets 0 227
Other investing activities 68 0
Net cash used in investing activities: (10,755) (8,460)
Cash flows from financing activities:    
Payment of debt issuance costs 0 (623)
Proceeds from exercise of warrants 848 1,309
Employee taxes on certain stock-based payment arrangements (1,425) (1,710)
Distributions to non-controlling interest (393) (302)
Treasury Stock repurchase (2,117) (703)
Net cash used in financing activities: (7,087) (20,856)
Net change in cash and cash equivalents and restricted cash 4,524 (25,466)
Cash and cash equivalents and restricted cash at beginning of period 12,478 34,537
Cash and cash equivalents and restricted cash at end of period 17,002 9,071
Supplemental cash flow information:    
Income taxes paid 276 553
Interest paid 209 493
Supplemental non-cash investing and financing activities:    
Unpaid liability for purchases of property and equipment 2,224 803
Unpaid liability for employee taxes on certain stock-based payment arrangements 137 424
Revolving Credit Facility - WinTrust Bank    
Cash flows from financing activities:    
Borrowings under Revolving Facility 3,000 7,000
Repayments of Revolving Facility and Term Loan (7,000) (3,000)
Term Loan    
Cash flows from financing activities:    
Repayments of Revolving Facility and Term Loan $ 0 $ (22,827)