v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 27, 2025
Dec. 28, 2024
Dec. 30, 2023
Statement of Cash Flows [Abstract]      
Net income (loss) $ 140,162 $ (297,453) $ (798,931)
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 134,432 181,409 174,859
Goodwill impairment 28,317 0 850,970
Share-based compensation expense 32,276 52,096 20,288
(Gain) loss on foreign denominated transactions (23,063) 25,126 (2,022)
Loss (gain) on foreign currency derivatives 8,347 (7,605) (1,970)
(Gain) loss on sale and disposal of businesses, fixed assets, and sale leaseback transactions (28,048) 26,684 14,628
Loss on fair value of Seller Note 17,000 0 0
Reclassification of interest rate hedge to income (6,157) (2,094) (2,077)
Bad debt expense 18,722 8,963 10,690
Asset impairment charges and lease terminations 28,939 389,242 132,903
Amortization of deferred financing costs and bond discounts 9,736 9,759 10,307
Amortization of cloud computing 17,696 10,825 2,675
Benefit for deferred income taxes (20,381) (56,484) (138,116)
Loss on extinguishment of debt 5,392 205 0
Other, net 3,887 (3,918) 22,995
Changes in operating assets and liabilities, net of acquisitions:      
Accounts and notes receivable, net (12,088) (37,572) 17,260
Inventory (1,475) (2,332) (3,770)
Prepaid and other assets (24,962) 2,987 (5,499)
Advertising fund assets and liabilities, restricted 771 (6,118) (10,847)
Other assets (21,403) (77,243) (39,814)
Deferred commissions (578) 934 418
Deferred revenue (1,543) 1,280 2,068
Accounts payable 604 24,559 17,997
Accrued expenses and other liabilities 30,271 13,627 (45,313)
Income tax receivable (6,311) (12,923) (1,131)
Cash provided by operating activities 330,543 243,954 228,568
Cash flows from investing activities:      
Capital expenditures (222,774) (288,635) (596,478)
Cash used in business acquisitions, net of cash acquired (11,253) (2,990) (59,574)
Proceeds from sale leaseback transactions 73,099 51,371 194,658
Proceeds from Seller Note 113,000 0 0
Proceeds from sale or disposal of businesses and fixed assets, net of cash sold 280,654 290,329 9,987
Cash provided by (used in) investing activities 232,726 50,075 (451,407)
Cash flows from financing activities:      
Payment of debt extinguishment and issuance costs (10,489) (9,646) 0
Proceeds from the issuance of long-term debt 500,000 274,794 0
Repayment of long-term debt (994,584) (465,443) (27,971)
Proceeds from revolving lines of credit and short-term debt 282,000 46,000 378,000
Repayment of revolving lines of credit and short-term debt (332,000) (104,000) (130,000)
Repayment of principal portion of finance lease liability (5,506) (5,028) (5,570)
Payment of Tax Receivable Agreement 0 (38,374) 0
Acquisition of non-controlling interest 0 (644) 0
Share repurchases 0 0 (49,956)
Tax obligations for share-based compensation (4,394) (1,593) 0
Stock option exercises 0 0 6,117
Other, net 0 0 (326)
Cash (used in) provided by financing activities (564,973) (303,934) 170,294
Effect of exchange rate changes on cash 5,654 (4,103) 484
Net change in cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted 3,950 (14,008) (52,061)
Cash and cash equivalents from continuing operations, beginning of period 103,438 132,552 150,097
Cash included in advertising fund assets, restricted, beginning of period 38,930 38,537 32,871
Restricted cash from continuing operations, beginning of period 358 657 792
Cash, cash equivalents, and restricted cash from discontinued operations, beginning of period 38,372 23,360 63,407
Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, beginning of period 181,098 195,106 247,167
Cash and cash equivalents from continuing operations, end of period 102,938 103,438 132,552
Cash included in advertising fund assets, restricted, end of period 52,204 38,930 38,537
Restricted cash from continuing operations, end of period 162 358 657
Cash, cash equivalents, and restricted cash from discontinued operations, end of period 29,744 38,372 23,360
Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, end of period 185,048 181,098 195,106
Supplemental cash flow disclosures - non-cash items:      
Capital expenditures included in accrued expenses and other liabilities 3,786 16,353 33,695
Working capital adjustments included in accrued expenses and other liabilities 3,629 0 0
Deferred consideration included in accrued expenses and other liabilities 977 1,596 3,311
Proceeds from sale of fixed assets included in accounts and notes receivable, net 0 8,813 0
Supplemental cash flow disclosures - cash paid for:      
Interest 120,769 147,748 156,083
Income taxes $ 24,853 $ 37,144 $ 22,947