v3.26.1
Segment Information (Tables)
3 Months Ended
Mar. 28, 2026
Segment Reporting [Abstract]  
Schedule of Segment Results
Segment results for the three months ended March 28, 2026 and March 29, 2025 are as follows:
Three Months Ended March 28, 2026
(in thousands)Take 5Franchise BrandsAuto Glass NowTotal
Franchise royalties and fees$10,721 $36,542 $— $47,263 
Company-operated store sales271,712 2,514 62,906 337,132 
Supply and other revenue40,778 30,331 151 71,260 
Total segment net revenue$323,211 $69,387 $63,057 $455,655 
Corporate and Other revenue28,786 
Total consolidated net revenue$484,441 
Other segment items213,739 28,030 57,123 
Reportable segment Adjusted EBITDA$109,472 $41,357 $5,934 $156,763 
Less:
Corporate and Other loss52,691 
Depreciation and amortization21,331 
Interest expense, net23,452 
Acquisition related costs(a)
170 
Non-core items and project costs, net(b)
2,492 
Cloud computing amortization(c)
5,185 
Share-based compensation expense(d)
6,348 
Foreign currency transaction loss, net(e)
8,930 
Impairment, (gain) loss on sale of assets, net, and closed store expenses(f)
1,106 
Loss on debt extinguishment(g)
1,820 
Income before taxes from continuing operations$33,238 
Three Months Ended March 29, 2025
As Restated
(in thousands)Take 5Franchise BrandsAuto Glass NowTotal
Franchise royalties and fees$8,357 $36,353 $— $44,710 
Company-operated store sales250,800 3,992 59,339 314,131 
Supply and other revenue35,628 29,470 65,099 
Total segment net revenue$294,785 $69,815 $59,340 $423,940 
Corporate and Other revenue23,672 
Total consolidated net revenue$447,612 
Other segment items198,390 26,935 54,023 
Reportable segment Adjusted EBITDA$96,395 $42,880 $5,317 $144,592 
Less:
Corporate and Other loss42,264 
Depreciation and amortization20,311 
Interest expense, net36,266 
Acquisition related costs(a)
15 
Non-core items and project costs, net(b)
3,210 
Cloud computing amortization(c)
1,881 
Share-based compensation expense(d)
12,260 
Foreign currency transaction gain, net(e)
(471)
Impairment, (gain) loss on sale of assets, net, and closed store expenses(f)
9,894 
Income before taxes from continuing operations$18,962 
(a)Consists of acquisition costs as reflected within the consolidated statements of operations, including legal, consulting and other fees, and expenses incurred in connection with acquisitions completed during the applicable period, as well as inventory rationalization expenses incurred in connection with acquisitions. As acquisitions occur in the future, we expect to incur similar costs and, under U.S. GAAP, such costs relating to acquisitions are expensed as incurred and not capitalized.
(b)Consists of discrete items and project costs, including third-party professional costs associated with strategic transformation initiatives as well as non-recurring payroll-related costs and non-ordinary course legal settlements.
(c)Includes non-cash amortization expenses relating to cloud computing arrangements.
(d)Represents non-cash share-based compensation expense.
(e)Represents foreign currency transaction (gains) losses, net that primarily related to the remeasurement of the intercompany loans as well as gains and losses on cross-currency swaps.
(f)Consists of the following items (i) asset impairments, (ii) (gains) losses, net on sale leasebacks, disposal of assets, including assets held for sale, or sale of business; and (iii) closed store expenses. See Note 12 for additional information regarding the Seller Note.
(g)Represents charges incurred related to the Company’s partial repayment of the 2020-1 Senior Notes and full repayment of the 2019-2 Senior Notes.