v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 24, 2025
Jun. 29, 2024
Operating activities:      
Net income (loss) $ 1,254 $ 1,118,103 $ (324,633)
Adjustments to reconcile net income (loss) to cash provided by (used for) operating activities:      
Depreciation and amortization 1,681 14,201 19,948
Amortization of deferred financing costs and debt discount 0 1,766 2,509
Impairment of franchise rights acquired 0 27,549 257,988
Impairment of intangible and long-lived assets 0 97 197
Share-based compensation expense 0 4,032 5,141
Deferred tax benefit 0 (4,503) (14,948)
Allowance for doubtful accounts 0 (1,131) 5,447
Reserve for inventory obsolescence 0 (1) 134
Foreign currency exchange rate loss (gain) 933 6,717 (1,249)
Non-cash reorganization items, net 0 (1,176,532) 0
Changes in cash due to:      
Receivables 466 4,280 4,846
Inventories 0 3 30
Prepaid expenses 586 (31,281) 18,956
Accounts payable 406 (8,237) 6,598
Accrued liabilities 6,178 15,084 (36,825)
Deferred revenue 47 (2,914) 142
Other long term assets and liabilities, net 0 (2,236) (16,076)
Income taxes (43) 580 33,819
Cash provided by (used for) operating activities 11,508 (34,423) (37,976)
Investing activities:      
Capital expenditures 0 (87) (730)
Capitalized software and website development expenditures (188) (6,253) (9,376)
Other items, net 0 (1) (5)
Cash used for investing activities (188) (6,341) (10,111)
Financing activities:      
Borrowings on revolving credit facility 0 171,341 0
Financing costs   (1,298)  
Taxes paid related to net share settlement of equity awards 0 (145) (629)
Cash paid for acquisitions 0 (16,000) (16,500)
Other items, net 0 0 (3)
Cash provided by (used for) financing activities 0 153,898 (17,132)
Effect of exchange rate changes on cash and cash equivalents and restricted cash 544 3,966 (1,438)
Net increase (decrease) in cash and cash equivalents and restricted cash 11,864 117,100 (66,657)
Cash and cash equivalents and restricted cash, beginning of period 173,620 56,520 109,366
Cash and cash equivalents and restricted cash, end of period $ 185,484 $ 173,620 $ 42,709