v3.25.2
Discontinued Operations (Tables)
 6 Months Ended
Jun. 28, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations
The following table summarizes the results of operations of the U.S. Car Wash business that are being reported as discontinued operations within the unaudited consolidated statement of operations:
Three Months EndedSix Months Ended
(in thousands)June 28, 2025June 29, 2024June 28, 2025June 29, 2024
Net revenue:
Company-operated store sales$8,432 $92,764 101,840 182,991 
Supply and other revenue— 6 165 13 
Total net revenue8,432 92,770 102,005 183,004 
Operating Expenses:
Company-operated store expenses8,167 75,498 84,050 148,208 
Supply and other expenses345 18 704 18 
Selling, general, and administrative expenses1,825 15,012 32,200 29,987 
Depreciation and amortization23 11,809 2,226 23,922 
Total operating expenses10,360 102,337 119,180 202,135 
Operating loss(1,928)(9,567)(17,175)(19,131)
Other expenses, net:
Interest expense, net2 (20)7 1 
Loss before taxes from discontinued operations(1,930)(9,547)(17,182)(19,132)
Income tax benefit(318)(2,489)(3,586)(4,783)
Net loss from discontinued operations$(1,612)$(7,058)$(13,596)$(14,349)



The following tables summarizes the U.S. Car Wash business assets and liabilities classified as discontinued operations within the unaudited consolidated balance sheets:
(in thousands)June 28, 2025December 28, 2024
Assets
Current assets:
Cash and cash equivalents$— $20,381 
Accounts and notes receivable, net— 1,955 
Inventory— 988 
Prepaid and other assets— 3,842 
Assets held for sale— 56,681 
Total current assets of discontinued operations— 83,847 
Property and equipment, net— 312,663 
Operating lease right-of-use assets— 845,913 
Total assets of discontinued operations$— $1,242,423 
Liabilities
Current liabilities:
Accounts payable$— $9,417 
Accrued expenses and other liabilities— 60,244 
Current portion of long-term debt— 955 
Total current liabilities of discontinued operations— 70,616 
Long-term debt— 4,047 
Operating lease liabilities— 811,751 
Long-term accrued expenses and other liabilities— 7,314 
Total liabilities of discontinued operations$— $893,728 
Assets held for sale in the table above represent properties purchased by the Buyer that were initially marketed separately from the sale of the U.S. Car Wash business.
The cash flows related to discontinued operations have not been segregated and are included within the unaudited statement of cash flows. The following table presents cash flow and non-cash information related to discontinued operations:
Six Months Ended
(in thousands)June 28, 2025June 29, 2024
Depreciation and amortization$2,226 $23,922 
Capital expenditures2,948 20,795 
Loss on sale or disposal of assets8,187 8,532