Restatement and Recast of Quarterly Financial Information (Unaudited) - Cash Flows Statement Restatement (Details) - USD ($) $ in Thousands |
1 Months Ended |
3 Months Ended |
6 Months Ended |
9 Months Ended |
12 Months Ended |
Jul. 31, 2025 |
Dec. 27, 2025 |
Sep. 27, 2025 |
Jun. 28, 2025 |
Mar. 29, 2025 |
Dec. 28, 2024 |
Sep. 28, 2024 |
Jun. 29, 2024 |
Mar. 30, 2024 |
Jun. 28, 2025 |
Jun. 29, 2024 |
Sep. 27, 2025 |
Sep. 28, 2024 |
Dec. 27, 2025 |
Dec. 28, 2024 |
Dec. 30, 2023 |
| Error Corrections and Prior Period Adjustments Restatement [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income (loss) |
|
$ 21,184
|
$ 55,008
|
$ 54,044
|
$ 9,926
|
$ (306,813)
|
$ (18,206)
|
$ 21,626
|
$ 5,940
|
$ 63,970
|
$ 27,566
|
$ 118,978
|
$ 9,360
|
$ 140,162
|
$ (297,453)
|
$ (798,931)
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and amortization |
|
|
|
|
35,744
|
|
|
|
43,404
|
71,081
|
88,376
|
106,307
|
132,126
|
134,432
|
181,409
|
174,859
|
| Share-based compensation expense |
|
|
|
|
12,310
|
|
|
|
12,248
|
23,022
|
25,087
|
26,112
|
38,577
|
32,276
|
52,096
|
20,288
|
| (Gain) loss on foreign denominated transactions |
|
|
|
|
(373)
|
|
|
|
7,574
|
(13,343)
|
9,923
|
(17,273)
|
9,045
|
(23,063)
|
25,126
|
(2,022)
|
| Loss (gain) on foreign currency derivatives |
|
|
|
|
(98)
|
|
|
|
(3,120)
|
4,213
|
(4,422)
|
2,471
|
(2,958)
|
8,347
|
(7,605)
|
(1,970)
|
| Gain on sale and disposal of businesses, fixed assets, and sale leaseback transactions |
|
|
|
|
6,551
|
|
|
|
(16,963)
|
(49,535)
|
9,930
|
(33,468)
|
28,948
|
(28,048)
|
26,684
|
14,628
|
| Loss on fair value of seller note receivable |
|
|
|
|
|
|
|
|
|
17,000
|
|
17,000
|
|
17,000
|
0
|
0
|
| Reclassification of interest rate hedge to income |
|
|
|
|
(514)
|
|
|
|
(519)
|
(1,033)
|
(1,044)
|
(5,980)
|
(1,560)
|
(6,157)
|
(2,094)
|
(2,077)
|
| Bad debt expense |
|
|
|
|
4,482
|
|
|
|
2,523
|
9,271
|
2,807
|
13,227
|
7,426
|
18,722
|
8,963
|
10,690
|
| Asset impairment charges and lease terminations |
|
|
|
|
9,982
|
|
|
|
19,326
|
24,575
|
2,058
|
26,345
|
15,008
|
28,939
|
389,242
|
132,903
|
| Amortization of deferred financing costs and bond discounts |
|
|
|
|
3,089
|
|
|
|
1,954
|
6,206
|
4,933
|
7,441
|
7,240
|
9,736
|
9,759
|
10,307
|
| Amortization of cloud computing |
|
|
|
|
1,881
|
|
|
|
1,943
|
5,829
|
3,610
|
13,312
|
6,463
|
17,696
|
10,825
|
2,675
|
| Benefit for deferred income taxes |
|
|
|
|
6,172
|
|
|
|
(2,759)
|
11,347
|
(367)
|
(18,117)
|
9,527
|
(20,381)
|
(56,484)
|
(138,116)
|
| Loss on extinguishment of debt |
|
|
4,549
|
|
|
|
205
|
|
|
|
|
4,549
|
205
|
5,392
|
205
|
0
|
| Other, net |
|
|
|
|
(11,105)
|
|
|
|
9,088
|
(5,003)
|
6,554
|
(5,140)
|
5,289
|
3,887
|
(3,918)
|
22,995
|
| Changes in operating assets and liabilities, net of acquisitions: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accounts and notes receivable, net |
|
|
|
|
(27,425)
|
|
|
|
(16,481)
|
(44,295)
|
(44,745)
|
(28,112)
|
(34,702)
|
(12,088)
|
(37,572)
|
17,260
|
| Inventory |
|
|
|
|
1,086
|
|
|
|
(737)
|
1,840
|
4,144
|
2,993
|
(4,047)
|
(1,475)
|
(2,332)
|
(3,770)
|
| Prepaid and other assets |
|
|
|
|
(3,756)
|
|
|
|
(4,777)
|
(3,162)
|
7,003
|
3,171
|
6,204
|
(24,962)
|
2,987
|
(5,499)
|
| Advertising fund assets and liabilities, restricted |
|
|
|
|
(4,091)
|
|
|
|
7,650
|
(11,599)
|
(12,220)
|
(14,845)
|
(4,209)
|
771
|
(6,118)
|
(10,847)
|
| Other assets |
|
|
|
|
(50)
|
|
|
|
(33,300)
|
150
|
(47,699)
|
(17,465)
|
(63,015)
|
(21,403)
|
(77,243)
|
(39,814)
|
| Deferred commissions |
|
|
|
|
69
|
|
|
|
(331)
|
303
|
(428)
|
(343)
|
642
|
(578)
|
934
|
418
|
| Deferred revenue |
|
|
|
|
(25)
|
|
|
|
2,107
|
(934)
|
1,419
|
(1,449)
|
1,696
|
(1,543)
|
1,280
|
2,068
|
| Accounts payable |
|
|
|
|
22,972
|
|
|
|
19,649
|
29,874
|
22,426
|
578
|
25,404
|
604
|
24,559
|
17,997
|
| Accrued expenses and other liabilities |
|
|
|
|
16,418
|
|
|
|
136
|
10,140
|
(1,809)
|
35,807
|
23,232
|
30,271
|
13,627
|
(45,313)
|
| Income tax receivable |
|
|
|
|
(6,911)
|
|
|
|
5,053
|
686
|
(1,417)
|
3,865
|
(8,951)
|
(6,311)
|
(12,923)
|
(1,131)
|
| Cash provided by operating activities |
|
|
|
|
76,334
|
|
|
|
59,608
|
150,603
|
101,685
|
239,964
|
206,950
|
330,543
|
243,954
|
228,568
|
| Cash flows from investing activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Capital expenditures |
|
|
|
|
(67,764)
|
|
|
|
(89,483)
|
(124,641)
|
(155,920)
|
(168,350)
|
(222,503)
|
(222,774)
|
(288,635)
|
(596,478)
|
| Cash used in business acquisitions, net of cash acquired |
|
|
|
|
|
|
|
|
(2,024)
|
(6,034)
|
(2,759)
|
(8,112)
|
(2,759)
|
(11,253)
|
(2,990)
|
(59,574)
|
| Proceeds from sale leaseback transactions |
|
|
|
|
8,696
|
|
|
|
4,550
|
22,810
|
11,808
|
35,279
|
17,944
|
73,099
|
51,371
|
194,658
|
| Proceeds from Seller Note |
|
|
|
|
|
|
|
|
|
|
|
113,000
|
|
113,000
|
0
|
0
|
| Proceeds from sale or disposal of businesses and fixed assets, net of cash sold |
|
|
|
|
12,332
|
|
|
|
52,677
|
266,133
|
112,845
|
274,797
|
255,548
|
280,654
|
290,329
|
9,987
|
| Cash provided by (used in) investing activities |
|
|
|
|
(46,736)
|
|
|
|
(34,280)
|
158,268
|
(34,026)
|
246,614
|
48,230
|
232,726
|
50,075
|
(451,407)
|
| Cash flows from financing activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Payment of debt extinguishment and issuance costs |
|
|
|
|
(1,414)
|
|
|
|
|
(1,414)
|
(871)
|
(1,414)
|
(9,646)
|
(10,489)
|
(9,646)
|
0
|
| Proceeds from the issuance of long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
274,794
|
500,000
|
274,794
|
0
|
| Repayment of long-term debt |
|
|
|
|
(32,418)
|
|
|
|
(7,616)
|
(305,446)
|
(34,005)
|
(370,915)
|
(422,492)
|
(994,584)
|
(465,443)
|
(27,971)
|
| Proceeds from revolving lines of credit and short-term debt |
|
|
|
|
33,000
|
|
|
|
46,000
|
65,000
|
46,000
|
121,000
|
46,000
|
282,000
|
46,000
|
378,000
|
| Repayment of revolving lines of credit and short-term debt |
|
|
|
|
(43,000)
|
|
|
|
(46,000)
|
(75,000)
|
(71,000)
|
(236,000)
|
(71,000)
|
(332,000)
|
(104,000)
|
(130,000)
|
| Repayment of principal portion of finance lease liability |
|
|
|
|
(2,017)
|
|
|
|
(1,032)
|
(3,140)
|
(2,625)
|
(4,681)
|
|
(5,506)
|
(5,028)
|
(5,570)
|
| Repayment of principal portion of finance lease liability |
|
|
|
|
|
|
|
|
|
|
|
|
(5,060)
|
|
|
|
| Payment of Tax Receivable Agreement |
|
|
|
|
|
|
|
|
(24,718)
|
|
(38,362)
|
|
(38,374)
|
0
|
(38,374)
|
0
|
| Acquisition of non-controlling interest |
|
|
|
|
|
|
|
|
|
|
(644)
|
|
(644)
|
0
|
(644)
|
0
|
| Stock option exercises |
|
|
|
|
|
|
|
|
|
|
|
0
|
|
0
|
0
|
6,117
|
| Purchase of common stock |
|
|
|
|
|
|
|
|
|
|
(2)
|
|
|
0
|
0
|
(49,956)
|
| Tax obligations for share-based compensation |
|
|
|
|
(2,582)
|
|
|
|
|
(2,582)
|
(980)
|
(3,907)
|
|
(4,394)
|
(1,593)
|
0
|
| Other, net |
|
|
|
|
|
|
|
|
|
|
|
0
|
(998)
|
0
|
0
|
(326)
|
| Cash (used in) provided by financing activities |
|
|
|
|
(48,431)
|
|
|
|
(33,366)
|
(322,582)
|
(102,489)
|
(495,917)
|
(227,420)
|
(564,973)
|
(303,934)
|
170,294
|
| Effect of exchange rate changes on cash |
|
|
|
|
1,549
|
|
|
|
1,133
|
5,464
|
(1,615)
|
4,709
|
71
|
5,654
|
(4,103)
|
484
|
| Net change in cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted |
|
|
|
|
(17,284)
|
|
|
|
(6,905)
|
(8,247)
|
(36,445)
|
(4,630)
|
27,831
|
3,950
|
(14,008)
|
(52,061)
|
| Cash and cash equivalents, beginning of period |
|
134,772
|
133,079
|
125,255
|
141,810
|
178,058
|
122,239
|
144,082
|
155,912
|
141,810
|
155,912
|
141,810
|
155,912
|
141,810
|
155,912
|
213,504
|
| Cash included in advertising fund assets, restricted, beginning of period |
|
41,361
|
39,438
|
38,227
|
38,930
|
40,465
|
32,008
|
43,462
|
38,537
|
38,930
|
38,537
|
38,930
|
38,537
|
38,930
|
38,537
|
32,871
|
| Restricted cash from continuing operations, beginning of period |
|
335
|
334
|
332
|
358
|
4,414
|
4,414
|
657
|
657
|
358
|
657
|
358
|
657
|
358
|
657
|
792
|
| Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, beginning of period |
|
176,468
|
172,851
|
163,814
|
181,098
|
222,937
|
158,661
|
188,201
|
195,106
|
181,098
|
195,106
|
181,098
|
195,106
|
181,098
|
195,106
|
247,167
|
| Cash included in advertising fund assets, restricted, end of period |
|
52,204
|
41,361
|
39,438
|
38,227
|
38,930
|
40,465
|
32,008
|
43,462
|
39,438
|
32,008
|
41,361
|
40,465
|
52,204
|
38,930
|
38,537
|
| Restricted cash from continuing operations, end of period |
|
162
|
335
|
334
|
332
|
358
|
4,414
|
4,414
|
657
|
334
|
4,414
|
335
|
4,414
|
162
|
358
|
657
|
| Cash and cash equivalents, end of period |
|
|
134,772
|
133,079
|
125,255
|
141,810
|
178,058
|
122,239
|
144,082
|
133,079
|
122,239
|
134,772
|
178,058
|
|
141,810
|
155,912
|
| Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, end of period |
|
185,048
|
176,468
|
172,851
|
163,814
|
181,098
|
222,937
|
158,661
|
188,201
|
172,851
|
158,661
|
176,468
|
222,937
|
185,048
|
181,098
|
195,106
|
| Supplemental cash flow disclosures - non-cash items: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Capital expenditures included in accrued expenses and other liabilities |
|
|
|
|
10,260
|
|
|
|
|
5,468
|
|
5,143
|
13,546
|
3,786
|
16,353
|
33,695
|
| U.S. Car Wash Business |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Supplemental cash flow disclosures - non-cash items: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and amortization |
|
|
|
|
|
|
|
|
|
|
|
|
33,861
|
|
|
|
| International Car Wash Business |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Supplemental cash flow disclosures - non-cash items: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and amortization |
|
|
|
|
|
|
|
|
|
|
|
|
40,354
|
|
|
|
| Loss (gain) on sale or disposal of assets |
|
|
|
|
|
|
|
|
|
|
|
|
951
|
|
|
|
| Asset impairment |
|
|
|
|
|
|
|
|
|
|
|
|
191
|
|
|
|
| Discontinued Operations | U.S. Car Wash Business |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash flows from investing activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Proceeds from Seller Note |
$ 113,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Supplemental cash flow disclosures - non-cash items: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and amortization |
|
|
|
|
2,203
|
|
|
|
12,113
|
2,226
|
23,922
|
2,226
|
|
2,226
|
47,839
|
48,455
|
| Capital expenditures |
|
|
|
|
4,657
|
|
|
|
23,687
|
4,657
|
29,417
|
4,657
|
34,926
|
4,657
|
39,217
|
117,872
|
| Loss (gain) on sale or disposal of assets |
|
|
|
|
7,535
|
|
|
|
(3,445)
|
7,634
|
(197)
|
7,634
|
476
|
7,634
|
6,735
|
14,109
|
| Asset impairment |
|
|
|
|
476
|
|
|
|
2,584
|
476
|
4,355
|
476
|
7,428
|
476
|
332,447
|
8,871
|
| Discontinued Operations | International Car Wash Business |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Supplemental cash flow disclosures - non-cash items: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and amortization |
|
|
|
|
13,230
|
|
|
|
13,002
|
29,415
|
26,310
|
42,355
|
|
50,348
|
54,581
|
49,825
|
| Capital expenditures |
|
|
|
|
8,185
|
|
|
|
12,431
|
13,430
|
23,728
|
21,596
|
37,708
|
25,361
|
43,741
|
58,949
|
| Loss (gain) on sale or disposal of assets |
|
|
|
|
(306)
|
|
|
|
320
|
(199)
|
718
|
288
|
|
438
|
1,350
|
1,683
|
| Asset impairment |
|
|
|
|
65
|
|
|
|
66
|
133
|
134
|
144
|
|
336
|
257
|
213
|
| As Previously Reported |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Error Corrections and Prior Period Adjustments Restatement [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income (loss) |
|
|
60,862
|
47,564
|
5,506
|
|
(14,947)
|
30,159
|
4,261
|
53,070
|
34,420
|
113,932
|
19,473
|
|
(292,496)
|
(744,962)
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and amortization |
|
|
|
|
35,355
|
|
|
|
43,229
|
70,281
|
87,862
|
105,109
|
131,219
|
|
180,112
|
175,296
|
| Share-based compensation expense |
|
|
|
|
11,788
|
|
|
|
11,861
|
23,078
|
22,843
|
28,269
|
35,641
|
|
48,139
|
15,300
|
| (Gain) loss on foreign denominated transactions |
|
|
|
|
(132)
|
|
|
|
7,574
|
(17,630)
|
9,923
|
(21,560)
|
8,744
|
|
29,413
|
(2,022)
|
| Loss (gain) on foreign currency derivatives |
|
|
|
|
342
|
|
|
|
(3,253)
|
5,643
|
(4,921)
|
4,154
|
(2,977)
|
|
(9,174)
|
(1,056)
|
| Gain on sale and disposal of businesses, fixed assets, and sale leaseback transactions |
|
|
|
|
12,933
|
|
|
|
(12,913)
|
(27,694)
|
13,406
|
(21,560)
|
32,998
|
|
35,722
|
4,909
|
| Loss on fair value of seller note receivable |
|
|
|
|
|
|
|
|
|
17,000
|
|
17,000
|
|
|
|
|
| Reclassification of interest rate hedge to income |
|
|
|
|
(514)
|
|
|
|
(519)
|
(1,033)
|
(1,044)
|
(5,980)
|
(1,560)
|
|
(2,094)
|
(2,077)
|
| Bad debt expense |
|
|
|
|
4,510
|
|
|
|
2,070
|
9,293
|
1,738
|
13,275
|
5,759
|
|
6,672
|
1,938
|
| Asset impairment charges and lease terminations |
|
|
|
|
5,813
|
|
|
|
19,326
|
18,460
|
2,058
|
19,747
|
15,008
|
|
389,242
|
132,903
|
| Amortization of deferred financing costs and bond discounts |
|
|
|
|
3,089
|
|
|
|
1,954
|
6,206
|
4,933
|
7,441
|
7,240
|
|
9,759
|
10,307
|
| Amortization of cloud computing |
|
|
|
|
1,881
|
|
|
|
1,345
|
9,136
|
2,414
|
15,190
|
3,436
|
|
8,270
|
1,923
|
| Benefit for deferred income taxes |
|
|
|
|
4,540
|
|
|
|
(2,807)
|
2,215
|
5,036
|
(36,628)
|
13,571
|
|
(66,594)
|
(125,804)
|
| Loss on extinguishment of debt |
|
|
4,549
|
|
|
|
205
|
|
|
|
|
4,549
|
205
|
|
205
|
|
| Other, net |
|
|
|
|
(6,985)
|
|
|
|
10,669
|
(3,631)
|
7,322
|
(2,500)
|
3,219
|
|
(22,648)
|
22,320
|
| Changes in operating assets and liabilities, net of acquisitions: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accounts and notes receivable, net |
|
|
|
|
(26,449)
|
|
|
|
(17,351)
|
(40,742)
|
(47,245)
|
(30,866)
|
(37,752)
|
|
(48,190)
|
13,561
|
| Inventory |
|
|
|
|
3,310
|
|
|
|
(1,005)
|
773
|
11,310
|
2,657
|
1,337
|
|
2,618
|
(11,731)
|
| Prepaid and other assets |
|
|
|
|
(5,079)
|
|
|
|
(4,270)
|
(6,322)
|
7,986
|
2,242
|
7,648
|
|
3,467
|
(6,877)
|
| Advertising fund assets and liabilities, restricted |
|
|
|
|
(4,091)
|
|
|
|
7,650
|
(11,599)
|
(12,220)
|
(14,845)
|
(4,209)
|
|
(5,031)
|
(16,861)
|
| Other assets |
|
|
|
|
(2,584)
|
|
|
|
(33,300)
|
(104)
|
(47,699)
|
(18,210)
|
(63,015)
|
|
(85,491)
|
(39,814)
|
| Deferred commissions |
|
|
|
|
69
|
|
|
|
(331)
|
303
|
(428)
|
(343)
|
642
|
|
934
|
418
|
| Deferred revenue |
|
|
|
|
(255)
|
|
|
|
1,659
|
(1,164)
|
971
|
(1,679)
|
1,248
|
|
832
|
1,937
|
| Accounts payable |
|
|
|
|
20,847
|
|
|
|
14,165
|
28,707
|
3,968
|
(533)
|
11,504
|
|
29,397
|
7,390
|
| Accrued expenses and other liabilities |
|
|
|
|
18,122
|
|
|
|
6,293
|
22,661
|
8,022
|
39,296
|
27,359
|
|
17,588
|
(52,854)
|
| Income tax receivable |
|
|
|
|
(6,885)
|
|
|
|
3,976
|
(1,380)
|
(3,431)
|
16,588
|
(8,230)
|
|
10,795
|
53
|
| Cash provided by operating activities |
|
|
|
|
75,131
|
|
|
|
60,283
|
155,527
|
107,224
|
234,745
|
208,508
|
|
241,447
|
235,167
|
| Cash flows from investing activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Capital expenditures |
|
|
|
|
(56,227)
|
|
|
|
(89,483)
|
(127,622)
|
(155,920)
|
(167,384)
|
(219,307)
|
|
(288,504)
|
(596,478)
|
| Cash used in business acquisitions, net of cash acquired |
|
|
|
|
|
|
|
|
(2,024)
|
(6,034)
|
(2,759)
|
(8,112)
|
(2,759)
|
|
(2,990)
|
(59,574)
|
| Proceeds from sale leaseback transactions |
|
|
|
|
8,696
|
|
|
|
4,550
|
22,810
|
11,808
|
35,279
|
17,944
|
|
51,371
|
194,658
|
| Proceeds from Seller Note |
|
|
|
|
|
|
|
|
|
|
|
113,000
|
|
|
|
|
| Proceeds from sale or disposal of businesses and fixed assets, net of cash sold |
|
|
|
|
3,519
|
|
|
|
52,677
|
268,398
|
112,845
|
277,062
|
255,548
|
|
299,142
|
9,987
|
| Cash provided by (used in) investing activities |
|
|
|
|
(44,012)
|
|
|
|
(34,280)
|
157,552
|
(34,026)
|
249,845
|
51,426
|
|
59,019
|
(451,407)
|
| Cash flows from financing activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Payment of debt extinguishment and issuance costs |
|
|
|
|
(1,414)
|
|
|
|
|
(1,414)
|
(871)
|
(1,414)
|
(9,646)
|
|
(9,646)
|
|
| Proceeds from the issuance of long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
274,794
|
|
274,794
|
|
| Repayment of long-term debt |
|
|
|
|
(32,418)
|
|
|
|
(7,616)
|
(305,446)
|
(34,005)
|
(370,915)
|
(422,492)
|
|
(465,443)
|
(27,971)
|
| Proceeds from revolving lines of credit and short-term debt |
|
|
|
|
33,000
|
|
|
|
46,000
|
65,000
|
46,000
|
121,000
|
46,000
|
|
46,000
|
378,000
|
| Repayment of revolving lines of credit and short-term debt |
|
|
|
|
(43,000)
|
|
|
|
(46,000)
|
(75,000)
|
(71,000)
|
(236,000)
|
(71,000)
|
|
(104,000)
|
(130,000)
|
| Repayment of principal portion of finance lease liability |
|
|
|
|
(1,353)
|
|
|
|
(886)
|
(2,440)
|
(2,199)
|
(3,581)
|
|
|
(3,931)
|
(5,165)
|
| Repayment of principal portion of finance lease liability |
|
|
|
|
|
|
|
|
|
|
|
|
(4,301)
|
|
|
|
| Payment of Tax Receivable Agreement |
|
|
|
|
|
|
|
|
(24,718)
|
|
(38,362)
|
|
(38,374)
|
|
(38,374)
|
|
| Acquisition of non-controlling interest |
|
|
|
|
|
|
|
|
|
|
(644)
|
|
(644)
|
|
(644)
|
|
| Stock option exercises |
|
|
|
|
|
|
|
|
|
|
|
0
|
|
|
|
6,117
|
| Purchase of common stock |
|
|
|
|
|
|
|
|
|
|
(2)
|
|
|
|
|
(49,956)
|
| Tax obligations for share-based compensation |
|
|
|
|
(2,582)
|
|
|
|
|
(2,582)
|
(980)
|
(3,907)
|
|
|
(1,593)
|
|
| Other, net |
|
|
|
|
|
|
|
|
|
|
|
0
|
(998)
|
|
|
(326)
|
| Cash (used in) provided by financing activities |
|
|
|
|
(47,767)
|
|
|
|
(33,220)
|
(321,882)
|
(102,063)
|
(494,817)
|
(226,661)
|
|
(302,837)
|
170,699
|
| Effect of exchange rate changes on cash |
|
|
|
|
1,549
|
|
|
|
1,133
|
5,464
|
(1,615)
|
4,709
|
71
|
|
(4,103)
|
484
|
| Net change in cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted |
|
|
|
|
(15,099)
|
|
|
|
(6,084)
|
(3,339)
|
(30,480)
|
(5,518)
|
33,344
|
|
(6,474)
|
(45,057)
|
| Cash and cash equivalents, beginning of period |
|
162,028
|
166,131
|
155,584
|
169,954
|
204,181
|
148,814
|
165,513
|
176,522
|
169,954
|
176,522
|
169,954
|
176,522
|
169,954
|
176,522
|
227,110
|
| Cash included in advertising fund assets, restricted, beginning of period |
|
41,361
|
39,438
|
38,227
|
38,930
|
40,465
|
32,008
|
43,462
|
38,537
|
38,930
|
38,537
|
38,930
|
38,537
|
38,930
|
38,537
|
32,871
|
| Restricted cash from continuing operations, beginning of period |
|
335
|
334
|
332
|
358
|
4,414
|
4,414
|
657
|
657
|
358
|
657
|
358
|
657
|
358
|
657
|
792
|
| Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, beginning of period |
|
203,724
|
205,903
|
194,143
|
209,242
|
249,060
|
185,236
|
209,632
|
215,716
|
209,242
|
215,716
|
209,242
|
215,716
|
209,242
|
215,716
|
260,773
|
| Cash included in advertising fund assets, restricted, end of period |
|
|
41,361
|
39,438
|
38,227
|
38,930
|
40,465
|
32,008
|
43,462
|
39,438
|
32,008
|
41,361
|
40,465
|
|
38,930
|
38,537
|
| Restricted cash from continuing operations, end of period |
|
|
335
|
334
|
332
|
358
|
4,414
|
4,414
|
657
|
334
|
4,414
|
335
|
4,414
|
|
358
|
657
|
| Cash and cash equivalents, end of period |
|
|
162,028
|
166,131
|
155,584
|
169,954
|
204,181
|
148,814
|
165,513
|
166,131
|
148,814
|
162,028
|
204,181
|
|
169,954
|
176,522
|
| Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, end of period |
|
|
203,724
|
205,903
|
194,143
|
209,242
|
249,060
|
185,236
|
209,632
|
205,903
|
185,236
|
203,724
|
249,060
|
|
209,242
|
215,716
|
| Supplemental cash flow disclosures - non-cash items: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Capital expenditures included in accrued expenses and other liabilities |
|
|
|
|
8,092
|
|
|
|
|
6,418
|
|
5,745
|
16,742
|
|
16,484
|
33,695
|
| As Previously Reported | U.S. Car Wash Business |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Supplemental cash flow disclosures - non-cash items: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and amortization |
|
|
|
|
|
|
|
|
|
|
|
|
33,861
|
|
|
|
| As Previously Reported | International Car Wash Business |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Supplemental cash flow disclosures - non-cash items: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and amortization |
|
|
|
|
|
|
|
|
|
|
|
|
40,354
|
|
|
|
| Loss (gain) on sale or disposal of assets |
|
|
|
|
|
|
|
|
|
|
|
|
951
|
|
|
|
| Asset impairment |
|
|
|
|
|
|
|
|
|
|
|
|
191
|
|
|
|
| As Previously Reported | Discontinued Operations | U.S. Car Wash Business |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Supplemental cash flow disclosures - non-cash items: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and amortization |
|
|
|
|
2,203
|
|
|
|
12,113
|
2,226
|
23,922
|
2,226
|
|
|
|
|
| Capital expenditures |
|
|
|
|
2,948
|
|
|
|
16,838
|
2,948
|
20,795
|
2,948
|
23,287
|
|
|
|
| Loss (gain) on sale or disposal of assets |
|
|
|
|
7,535
|
|
|
|
270
|
7,634
|
3,518
|
0
|
4,191
|
|
|
|
| Asset impairment |
|
|
|
|
553
|
|
|
|
2,584
|
553
|
5,014
|
553
|
8,151
|
|
|
|
| As Previously Reported | Discontinued Operations | International Car Wash Business |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Supplemental cash flow disclosures - non-cash items: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and amortization |
|
|
|
|
13,230
|
|
|
|
13,002
|
29,415
|
26,310
|
42,355
|
|
|
|
|
| Capital expenditures |
|
|
|
|
8,185
|
|
|
|
12,431
|
13,430
|
23,728
|
21,596
|
37,708
|
|
|
|
| Loss (gain) on sale or disposal of assets |
|
|
|
|
(306)
|
|
|
|
320
|
(199)
|
718
|
288
|
|
|
|
|
| Asset impairment |
|
|
|
|
65
|
|
|
|
66
|
133
|
134
|
144
|
|
|
|
|
| Restatement Impacts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Error Corrections and Prior Period Adjustments Restatement [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income (loss) |
|
|
(5,854)
|
6,480
|
4,420
|
|
(3,259)
|
(8,533)
|
1,679
|
10,900
|
(6,854)
|
5,046
|
(10,113)
|
|
(4,957)
|
(53,969)
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and amortization |
|
|
|
|
389
|
|
|
|
175
|
800
|
514
|
1,198
|
907
|
|
1,297
|
(437)
|
| Share-based compensation expense |
|
|
|
|
522
|
|
|
|
387
|
(56)
|
2,244
|
(2,157)
|
2,936
|
|
3,957
|
4,988
|
| (Gain) loss on foreign denominated transactions |
|
|
|
|
(241)
|
|
|
|
0
|
4,287
|
0
|
4,287
|
301
|
|
(4,287)
|
0
|
| Loss (gain) on foreign currency derivatives |
|
|
|
|
(440)
|
|
|
|
133
|
(1,430)
|
499
|
(1,683)
|
19
|
|
1,569
|
(914)
|
| Gain on sale and disposal of businesses, fixed assets, and sale leaseback transactions |
|
|
|
|
(6,382)
|
|
|
|
(4,050)
|
(21,841)
|
(3,476)
|
(11,908)
|
(4,050)
|
|
(9,038)
|
9,719
|
| Loss on fair value of seller note receivable |
|
|
|
|
|
|
|
|
|
0
|
|
0
|
|
|
|
|
| Reclassification of interest rate hedge to income |
|
|
|
|
0
|
|
|
|
0
|
0
|
0
|
0
|
0
|
|
0
|
0
|
| Bad debt expense |
|
|
|
|
(28)
|
|
|
|
453
|
(22)
|
1,069
|
(48)
|
1,667
|
|
2,291
|
8,752
|
| Asset impairment charges and lease terminations |
|
|
|
|
4,169
|
|
|
|
0
|
6,115
|
0
|
6,598
|
0
|
|
0
|
0
|
| Amortization of deferred financing costs and bond discounts |
|
|
|
|
0
|
|
|
|
0
|
0
|
0
|
0
|
0
|
|
0
|
0
|
| Amortization of cloud computing |
|
|
|
|
0
|
|
|
|
598
|
(3,307)
|
1,196
|
(1,878)
|
3,027
|
|
2,555
|
752
|
| Benefit for deferred income taxes |
|
|
|
|
1,632
|
|
|
|
48
|
9,132
|
(5,403)
|
18,511
|
(4,044)
|
|
10,110
|
(12,312)
|
| Loss on extinguishment of debt |
|
|
0
|
|
|
|
0
|
|
|
|
|
0
|
0
|
|
0
|
|
| Other, net |
|
|
|
|
(4,120)
|
|
|
|
(1,581)
|
(1,372)
|
(768)
|
(2,640)
|
2,070
|
|
18,730
|
675
|
| Changes in operating assets and liabilities, net of acquisitions: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accounts and notes receivable, net |
|
|
|
|
(976)
|
|
|
|
870
|
(3,553)
|
2,500
|
2,754
|
3,050
|
|
10,618
|
3,699
|
| Inventory |
|
|
|
|
(2,224)
|
|
|
|
268
|
1,067
|
(7,166)
|
336
|
(5,384)
|
|
(4,950)
|
7,961
|
| Prepaid and other assets |
|
|
|
|
1,323
|
|
|
|
(507)
|
3,160
|
(983)
|
929
|
(1,444)
|
|
(480)
|
1,378
|
| Advertising fund assets and liabilities, restricted |
|
|
|
|
0
|
|
|
|
0
|
0
|
0
|
0
|
0
|
|
(1,087)
|
6,014
|
| Other assets |
|
|
|
|
2,534
|
|
|
|
0
|
254
|
0
|
745
|
0
|
|
8,248
|
0
|
| Deferred commissions |
|
|
|
|
0
|
|
|
|
0
|
0
|
0
|
0
|
0
|
|
0
|
0
|
| Deferred revenue |
|
|
|
|
230
|
|
|
|
448
|
230
|
448
|
230
|
448
|
|
448
|
131
|
| Accounts payable |
|
|
|
|
2,125
|
|
|
|
5,484
|
1,167
|
18,458
|
1,111
|
13,900
|
|
(4,838)
|
10,607
|
| Accrued expenses and other liabilities |
|
|
|
|
(1,704)
|
|
|
|
(6,157)
|
(12,521)
|
(9,831)
|
(3,489)
|
(4,127)
|
|
(3,961)
|
7,541
|
| Income tax receivable |
|
|
|
|
(26)
|
|
|
|
1,077
|
2,066
|
2,014
|
(12,723)
|
(721)
|
|
(23,718)
|
(1,184)
|
| Cash provided by operating activities |
|
|
|
|
1,203
|
|
|
|
(675)
|
(4,924)
|
(5,539)
|
5,219
|
(1,558)
|
|
2,507
|
(6,599)
|
| Cash flows from investing activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Capital expenditures |
|
|
|
|
(11,537)
|
|
|
|
0
|
2,981
|
0
|
(966)
|
(3,196)
|
|
(131)
|
0
|
| Cash used in business acquisitions, net of cash acquired |
|
|
|
|
|
|
|
|
0
|
0
|
0
|
0
|
0
|
|
0
|
0
|
| Proceeds from sale leaseback transactions |
|
|
|
|
0
|
|
|
|
0
|
0
|
0
|
0
|
0
|
|
0
|
0
|
| Proceeds from Seller Note |
|
|
|
|
|
|
|
|
|
|
|
0
|
|
|
|
|
| Proceeds from sale or disposal of businesses and fixed assets, net of cash sold |
|
|
|
|
8,813
|
|
|
|
0
|
(2,265)
|
0
|
(2,265)
|
0
|
|
(8,813)
|
0
|
| Cash provided by (used in) investing activities |
|
|
|
|
(2,724)
|
|
|
|
0
|
716
|
0
|
(3,231)
|
(3,196)
|
|
(8,944)
|
0
|
| Cash flows from financing activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Payment of debt extinguishment and issuance costs |
|
|
|
|
0
|
|
|
|
|
0
|
0
|
0
|
0
|
|
0
|
|
| Proceeds from the issuance of long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
0
|
|
0
|
|
| Repayment of long-term debt |
|
|
|
|
0
|
|
|
|
0
|
0
|
0
|
0
|
0
|
|
0
|
0
|
| Proceeds from revolving lines of credit and short-term debt |
|
|
|
|
0
|
|
|
|
0
|
0
|
0
|
0
|
0
|
|
0
|
0
|
| Repayment of revolving lines of credit and short-term debt |
|
|
|
|
0
|
|
|
|
0
|
0
|
0
|
0
|
0
|
|
0
|
0
|
| Repayment of principal portion of finance lease liability |
|
|
|
|
(664)
|
|
|
|
(146)
|
(700)
|
(426)
|
(1,100)
|
|
|
(1,097)
|
(405)
|
| Repayment of principal portion of finance lease liability |
|
|
|
|
|
|
|
|
|
|
|
|
(759)
|
|
|
|
| Payment of Tax Receivable Agreement |
|
|
|
|
|
|
|
|
0
|
|
0
|
|
0
|
|
0
|
|
| Acquisition of non-controlling interest |
|
|
|
|
|
|
|
|
|
|
0
|
|
0
|
|
0
|
|
| Stock option exercises |
|
|
|
|
|
|
|
|
|
|
|
0
|
|
|
|
0
|
| Purchase of common stock |
|
|
|
|
|
|
|
|
|
|
0
|
|
|
|
|
0
|
| Tax obligations for share-based compensation |
|
|
|
|
0
|
|
|
|
|
0
|
0
|
0
|
|
|
0
|
|
| Other, net |
|
|
|
|
|
|
|
|
|
|
|
0
|
0
|
|
|
0
|
| Cash (used in) provided by financing activities |
|
|
|
|
(664)
|
|
|
|
(146)
|
(700)
|
(426)
|
(1,100)
|
(759)
|
|
(1,097)
|
(405)
|
| Effect of exchange rate changes on cash |
|
|
|
|
0
|
|
|
|
0
|
0
|
0
|
0
|
0
|
|
0
|
0
|
| Net change in cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted |
|
|
|
|
(2,185)
|
|
|
|
(821)
|
(4,908)
|
(5,965)
|
888
|
(5,513)
|
|
(7,534)
|
(7,004)
|
| Cash and cash equivalents, beginning of period |
|
(27,256)
|
(33,052)
|
(30,329)
|
(28,144)
|
(26,123)
|
(26,575)
|
(21,431)
|
(20,610)
|
(28,144)
|
(20,610)
|
(28,144)
|
(20,610)
|
(28,144)
|
(20,610)
|
(13,606)
|
| Cash included in advertising fund assets, restricted, beginning of period |
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
| Restricted cash from continuing operations, beginning of period |
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
| Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, beginning of period |
|
$ (27,256)
|
(33,052)
|
(30,329)
|
(28,144)
|
(26,123)
|
(26,575)
|
(21,431)
|
(20,610)
|
(28,144)
|
(20,610)
|
(28,144)
|
(20,610)
|
$ (28,144)
|
(20,610)
|
(13,606)
|
| Cash included in advertising fund assets, restricted, end of period |
|
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
0
|
0
|
| Restricted cash from continuing operations, end of period |
|
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
0
|
0
|
| Cash and cash equivalents, end of period |
|
|
(27,256)
|
(33,052)
|
(30,329)
|
(28,144)
|
(26,123)
|
(26,575)
|
(21,431)
|
(33,052)
|
(26,575)
|
(27,256)
|
(26,123)
|
|
(28,144)
|
(20,610)
|
| Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, end of period |
|
|
$ (27,256)
|
$ (33,052)
|
(30,329)
|
$ (28,144)
|
$ (26,123)
|
$ (26,575)
|
(21,431)
|
(33,052)
|
(26,575)
|
(27,256)
|
(26,123)
|
|
(28,144)
|
(20,610)
|
| Supplemental cash flow disclosures - non-cash items: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Capital expenditures included in accrued expenses and other liabilities |
|
|
|
|
2,168
|
|
|
|
|
(950)
|
|
(602)
|
(3,196)
|
|
$ (131)
|
$ 0
|
| Restatement Impacts | U.S. Car Wash Business |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Supplemental cash flow disclosures - non-cash items: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and amortization |
|
|
|
|
|
|
|
|
|
|
|
|
0
|
|
|
|
| Restatement Impacts | International Car Wash Business |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Supplemental cash flow disclosures - non-cash items: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and amortization |
|
|
|
|
|
|
|
|
|
|
|
|
0
|
|
|
|
| Loss (gain) on sale or disposal of assets |
|
|
|
|
|
|
|
|
|
|
|
|
0
|
|
|
|
| Asset impairment |
|
|
|
|
|
|
|
|
|
|
|
|
0
|
|
|
|
| Restatement Impacts | Discontinued Operations | U.S. Car Wash Business |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Supplemental cash flow disclosures - non-cash items: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and amortization |
|
|
|
|
0
|
|
|
|
0
|
0
|
0
|
0
|
|
|
|
|
| Capital expenditures |
|
|
|
|
1,709
|
|
|
|
6,849
|
1,709
|
8,622
|
1,709
|
11,639
|
|
|
|
| Loss (gain) on sale or disposal of assets |
|
|
|
|
0
|
|
|
|
(3,715)
|
0
|
(3,715)
|
7,634
|
(3,715)
|
|
|
|
| Asset impairment |
|
|
|
|
(77)
|
|
|
|
0
|
(77)
|
(659)
|
(77)
|
(723)
|
|
|
|
| Restatement Impacts | Discontinued Operations | International Car Wash Business |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Supplemental cash flow disclosures - non-cash items: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and amortization |
|
|
|
|
0
|
|
|
|
0
|
0
|
0
|
0
|
|
|
|
|
| Capital expenditures |
|
|
|
|
0
|
|
|
|
0
|
0
|
0
|
0
|
$ 0
|
|
|
|
| Loss (gain) on sale or disposal of assets |
|
|
|
|
0
|
|
|
|
0
|
0
|
0
|
0
|
|
|
|
|
| Asset impairment |
|
|
|
|
$ 0
|
|
|
|
$ 0
|
$ 0
|
$ 0
|
$ 0
|
|
|
|
|