v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jul. 05, 2025
Jul. 06, 2024
Cash flows from operating activities:    
Net income $ 7,963 $ 9,578
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 9,984 10,174
Amortization of deferred financing costs 2,947 2,773
Provision for inventory obsolescence 0 (70)
Provision for bad debts 75 113
Deferred income taxes 3,200 2,751
Remeasurement of tax receivable agreement liability 20 249
Gain on sale of center 0 (81)
Loss on disposal of property and equipment 0 3
Equity compensation 4,943 3,323
Changes in assets and liabilities:    
Accounts receivable (1,455) (964)
Inventory, net 2 (1,246)
Prepaid expenses and other assets 570 948
Accounts payable and accrued liabilities 887 (835)
Deferred revenue (576) (1,044)
Other long-term liabilities (656) (541)
Net cash provided by operating activities 27,904 25,131
Cash flows from investing activities:    
Purchases of property and equipment (1,363) (215)
Cash received for sale of center 0 135
Net cash used in investing activities (1,363) (80)
Cash flows from financing activities:    
Principal payments on long-term debt (2,000) (2,000)
Distributions to EWC Ventures LLC members (2,243) (2,515)
Repurchase of Class A common stock (1,447) (10,001)
Taxes on vested restricted stock units paid by withholding shares (161) (393)
Dividend equivalents to holders of EWC Ventures units (10) (725)
Payments pursuant to tax receivable agreement (6,544) (6,496)
Net cash used in financing activities (12,405) (22,130)
Net increase in cash, cash equivalents and restricted cash 14,136 2,921
Cash, cash equivalents and restricted cash, beginning of period 56,194 59,228
Cash, cash equivalents and restricted cash, end of period 70,330 62,149
Supplemental cash flow information:    
Cash paid for interest 10,863 10,976
Cash paid for income taxes 440 444
Non-cash investing activities:    
Property purchases included in accounts payable and accrued liabilities 112 21
Property purchases included in additional paid-in capital 4,822 0
Right-of-use assets obtained in exchange for operating lease obligations $ 446 $ 592