v3.26.1
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 28, 2026
Dec. 27, 2025
Current assets:    
Cash and cash equivalents $ 133,412 $ 102,938
Restricted cash 162 162
Accounts and notes receivable, net 154,144 131,958
Inventory 49,471 52,375
Prepaid and other assets 25,502 50,103
Income tax receivable 44,800 49,266
Advertising fund assets, restricted 62,216 60,826
Assets held for sale 31,654 31,233
Current assets of discontinued operations 0 61,993
Total current assets 501,361 540,854
Other assets 112,159 114,657
Property and equipment, net 477,288 471,804
Operating lease right-of-use assets 530,060 513,458
Deferred commissions 7,736 7,824
Intangibles, net 612,224 617,849
Goodwill 1,212,015 1,218,002
Deferred tax assets 4,217 3,982
Non-current assets of discontinued operations 0 671,490
Total assets 3,457,060 4,159,920
Current liabilities:    
Accounts payable 105,393 93,029
Accrued expenses and other liabilities 166,975 198,759
Income tax payable 468 2,652
Current portion of long-term debt 25,363 276,691
Tax receivable agreement payable 35,187 56,211
Advertising fund liabilities 28,925 24,670
Current liabilities of discontinued operations 0 73,795
Total current liabilities 362,311 725,807
Long-term debt 1,660,836 1,882,783
Deferred tax liabilities 17,770 13,554
Operating lease liabilities 516,923 501,506
Tax receivable agreement payable 73,084 73,084
Deferred revenue 29,398 30,365
Long-term accrued expenses and other liabilities 37 0
Non-current liabilities of discontinued operations 0 165,619
Total liabilities 2,660,359 3,392,718
Preferred Stock $0.01 par value; 100,000,000 shares authorized; none issued or outstanding 0 0
Common stock, $0.01 par value, 900,000,000 shares authorized: and 164,895,622 and 164,531,712 shares issued and outstanding; respectively 1,649 1,645
Additional paid-in capital 1,741,081 1,736,416
Accumulated deficit (898,378) (953,208)
Accumulated other comprehensive loss (47,651) (17,651)
Total shareholders’ equity 796,701 767,202
Total liabilities and shareholders' equity $ 3,457,060 $ 4,159,920