Income Taxes |
3 Months Ended |
|---|---|
Mar. 30, 2026 | |
| Suja Life Holdings, L.P. | |
| Effective Income Tax Rate Reconciliation [Line Items] | |
| Income Taxes | Income Taxes The Company is organized as a Delaware limited partnership and is generally not subject to U.S. federal and state income taxes. Accordingly, taxable income or loss is allocated to the partners, who are responsible for their respective income tax obligations. The Company conducts certain operations through wholly owned subsidiaries that are subject to U.S. federal and state income taxes. These include Vive Buyer, Inc., which was acquired on October 11, 2022, and Slice Life Holdings, LLC, which was formed on December 30, 2024. As a result, the Company records a provision for income taxes related to these taxable entities. The Company files income tax returns with the Internal Revenue Service and various state jurisdictions and remains subject to examination for tax years 2015 and thereafter due to net operating losses and other tax attributes carried forward. For the three months ended March 30, 2026 and March 31, 2025, the Company recorded income tax provisions of $1,065 thousand and $880 thousand, respectively, attributable to its taxable subsidiaries. The income tax provision for each interim period has been calculated in accordance with ASC 740, Income Taxes, using an estimated annual effective tax rate, adjusted for discrete items as applicable. The Company’s effective tax rate differs from the U.S. statutory rate primarily due to the Company’s status as a pass-through entity and the inclusion of income taxes attributable only to its taxable subsidiaries. Deferred tax assets and liabilities are recognized for temporary differences between the financial reporting and tax bases of assets and liabilities of the Company’s taxable subsidiaries. The Company’s deferred tax balances primarily relate to differences in the carrying value of intangible assets recognized in connection with the acquisition of Vive, partially offset by net operating loss carryforwards and other temporary differences. The Company evaluates its deferred tax assets and liabilities on an annual basis, or more frequently if events or changes in circumstances indicate that a reassessment is required. As of March 30, 2026, the Company did not identify any material changes in the underlying temporary differences, tax attributes, or tax positions that would require a remeasurement of its deferred tax balances from those recorded as of December 29, 2025. Accordingly, no material adjustments to deferred tax balances were recorded during the interim period. As of March 30, 2026, the Company had federal and state net operating loss carryforwards available to offset future taxable income, which are subject to limitations under Section 382 of the Internal Revenue Code due to prior ownership changes. The Company has not recorded any material changes to its valuation allowance or uncertain tax positions during the interim period. On July 4, 2025, the 'One Big Beautiful Bill Act' (“OBBBA”) was enacted into law. The legislation introduces significant modifications to U.S. tax regulations, including the permanent restoration of 100% bonus depreciation for qualifying assets placed in service after January 19, 2025, and the immediate deductibility of domestic research and experimental expenditures. The Company evaluated the impact of OBBBA and determined that no material impact is anticipated for the three months ended March 30, 2026 and March 31, 2025.
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