v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Statement of Cash Flows [Abstract]    
Net income $ 54,830 $ 9,926
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 21,331 35,744
Share-based compensation expense 5,715 12,310
Loss (gain) on foreign denominated transactions 4,283 (373)
Loss (gain) on foreign currency derivatives 4,647 (98)
(Gain) loss on sale and disposal of businesses, fixed assets, and sale leaseback transactions (28,159) 6,551
Reclassification of interest rate hedge to income 0 (514)
Bad debt expense 2,716 4,482
Asset impairment charges and lease terminations 0 9,982
Amortization of deferred financing costs and bond discounts 1,966 3,089
Amortization of cloud computing 5,185 1,881
Provision for deferred income taxes 4,660 6,172
Loss on extinguishment of debt 1,820 0
Other, net (8,819) (11,105)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts and notes receivable, net (24,023) (27,425)
Inventory 2,827 1,086
Prepaid and other assets 22,587 (3,756)
Advertising fund assets and liabilities, restricted (2,621) (4,091)
Other assets (2,946) (50)
Deferred commissions 87 69
Deferred revenue (955) (25)
Accounts payable 12,346 22,972
Accrued expenses and other liabilities (14,495) 16,418
Income tax receivable (5,803) (6,911)
Cash provided by operating activities 57,179 76,334
Cash flows from investing activities:    
Capital expenditures (34,118) (67,764)
Proceeds from sale leaseback transactions 7,216 8,696
Proceeds from sale or disposal of businesses and fixed assets, net of cash sold 466,876 12,332
Cash provided by (used in) investing activities 439,974 (46,736)
Cash flows from financing activities:    
Payment of debt extinguishment and issuance costs 0 (1,414)
Repayment of long-term debt (336,852) (32,418)
Proceeds from revolving lines of credit and short-term debt 107,000 33,000
Repayment of revolving lines of credit and short-term debt (247,000) (43,000)
Repayment of principal portion of finance lease liability (1,672) (2,017)
Payment of Tax Receivable Agreement (21,630) 0
Tax obligations for share-based compensation (1,478) (2,582)
Cash used in financing activities (501,632) (48,431)
Effect of exchange rate changes on cash (616) 1,549
Net change in cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted (5,095) (17,284)
Cash and cash equivalents, beginning of period 132,682 141,810
Cash included in advertising fund assets, restricted, beginning of period 52,204 38,930
Restricted cash, beginning of period 162 358
Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, beginning of period 185,048 181,098
Cash and cash equivalents, end of period 133,412 125,255
Cash included in advertising fund assets, restricted, end of period 46,379 38,227
Restricted cash, end of period 162 332
Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, end of period 179,953 163,814
Supplemental cash flow disclosures - non-cash items:    
Capital expenditures included in accrued expenses and other liabilities 2,434 10,260
Deferred consideration included in accrued expenses and other liabilities 919 1,596
Supplemental Cash Flow Information [Abstract]    
Interest 21,624 34,194
Income taxes $ 2,677 $ 5,798