v3.26.1
Discontinued Operations (Tables)
 12 Months Ended
Dec. 27, 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 consolidated statements of operations:
Year Ended
(in thousands)December 27, 2025December 28, 2024December 30, 2023
Net revenue:
Company-operated store sales$101,840 $363,795 $380,020 
Supply and other revenue165 181 31 
Total net revenue102,005 363,976 380,051 
Operating expenses:
Company-operated store expenses83,918 283,508 290,311 
Supply and other expenses704 151 102 
Selling, general, and administrative expenses29,437 54,811 57,447 
Depreciation and amortization2,226 47,839 48,455 
Goodwill impairment— — 850,970 
Asset impairment charges and lease terminations476 332,447 8,871 
Total operating expenses116,761 718,756 1,256,156 
Operating loss(14,756)(354,780)(876,105)
Other expenses, net:
Interest expense, net7 — 120 
Foreign currency transaction loss, net— — 86 
Loss before taxes from discontinued operations(14,763)(354,780)(876,311)
Income tax benefit(5,207)(61,779)(131,325)
Net loss from discontinued operations$(9,556)$(293,001)$(744,986)
The following table summarizes the U.S. Car Wash business assets and liabilities classified as discontinued operations within the consolidated balance sheets:
(in thousands)December 27, 2025December 28, 2024
Assets
Current assets:
Cash and cash equivalents$— $20,381 
Accounts and notes receivable, net— 1,955 
Inventory— 988 
Prepaid and other assets— 3,843 
Assets held for sale— 55,207 
Total current assets of discontinued operations— 82,374 
Other assets— 3,126 
Property and equipment, net— 312,663 
Operating lease right-of-use assets— 841,690 
Total assets of discontinued operations$— $1,239,853 
Liabilities
Current liabilities:
Accounts payable$— $9,417 
Accrued expenses and other liabilities— 60,068 
Current portion of long-term debt— 955 
Total current liabilities of discontinued operations— 70,440 
Long-term debt— 4,047 
Operating lease liabilities— 804,618 
Long-term accrued expenses and other liabilities— 7,314 
Total liabilities of discontinued operations$— $886,419 
The cash flows related to discontinued operations have not been segregated and are included within the consolidated statements of cash flows. The following table presents cash flow and non-cash information related to the U.S. Car Wash business:
Year Ended
(in thousands)December 27, 2025December 28, 2024December 30, 2023
Depreciation and amortization$2,226 $47,839 48,455 
Capital expenditures4,657 39,217 117,872 
Loss on sale and disposal of assets7,634 6,735 14,109 
Goodwill impairment— — 850,970 
Asset impairment476 332,447 8,871 
The following table summarizes the results of operations of the ICW business that are being reported as discontinued operations within the consolidated statements of operations:
Year Ended
(in thousands)December 27, 2025December 28, 2024December 30, 2023
Net revenue:
Independently-operated store sales$239,369 $212,396 $196,395 
Supply and other revenue6,927 6,503 5,962 
Total net revenue246,296 218,899 202,357 
Operating expenses:
Independently-operated store expenses135,648 121,319 109,182 
Supply and other expenses3,476 3,574 3,749 
Selling, general, and administrative expenses49,328 35,125 36,483 
Depreciation and amortization50,348 54,581 49,825 
Goodwill impairment27,981 — — 
Asset impairment charges and lease terminations336 257213
Total operating expenses267,117 214,856 199,452 
Operating (loss) income(20,821)4,043 2,905 
Other expenses, net:
Interest expense, net778 845 695 
(Loss) income before taxes from discontinued operations(21,599)3,198 2,210 
Income tax (benefit) expense(3,492)8,196 9,373 
Net loss from discontinued operations$(18,107)$(4,998)$(7,163)
The following tables summarizes the ICW business assets and liabilities classified as discontinued operations within the consolidated balance sheets:
(in thousands)December 27, 2025December 28, 2024
Assets
Current assets:
Cash and cash equivalents$29,744 $17,991 
Accounts and notes receivable, net5,386 4,944 
Inventory10,048 10,639 
Prepaid and other assets15,273 12,284 
Income tax receivable1,542 2,481 
Total current assets of discontinued operations61,993 48,339 
Property and equipment, net309,440 304,601 
Operating lease right-of-use assets121,901 117,087 
Intangibles, net34,205 31,102 
Goodwill204,442 197,526 
Deferred tax assets1,502 1,183 
Total assets of discontinued operations$733,483 $699,838 
Liabilities
Current liabilities:
Accounts payable$10,047 $7,003 
Accrued expenses and other liabilities43,675 35,592 
Income tax payable 19,954 1,270 
Current portion of long-term debt119 48 
Total current liabilities of discontinued operations73,795 43,913 
Long-term debt— 98 
Deferred tax liabilities44,479 51,324 
Operating lease liabilities101,909 98,618 
Long-term accrued expenses and other liabilities19,231 18,096 
Total liabilities of discontinued operations$239,414 $212,049 
The cash flows related to discontinued operations have not been segregated and are included within the consolidated statements of cash flows. The following table presents cash flow and non-cash information related to the ICW business:
Year Ended
(in thousands)December 27, 2025December 28, 2024December 30, 2023
Depreciation and amortization$50,348 $54,581 $49,825 
Capital expenditures25,361 43,741 58,949 
Loss on sale and disposal of assets438 1,350 1,683 
Goodwill impairment27,981 — — 
Asset impairment336 257213