v3.26.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 28, 2026
Jun. 29, 2025
Jun. 28, 2026
Jun. 29, 2025
Total revenue $ 961,986 $ 724,052 $ 1,685,160 $ 1,274,133
Total cost of revenue 892,844 656,251 1,580,260 1,186,004
Gross profit 69,142 67,801 104,900 88,129
Selling, general and administrative expenses 37,236 28,959 69,934 55,334
Amortization of intangible assets 7,757 6,683 15,559 13,349
Operating income 24,149 32,159 19,407 19,446
Interest expense, net 12,107 18,247 24,542 36,109
Other (income) expense, net (261) (353) (181) 127
Income (loss) before income taxes 12,303 14,265 (4,954) (16,790)
Income tax expense (benefit) 6,155 6,186 (1,617) (6,945)
Net income (loss) 6,148 8,079 (3,337) (9,845)
Net income attributable to noncontrolling interests 49 26 91 39
Net income (loss) attributable to common stock $ 6,099 $ 8,053 $ (3,428) $ (9,884)
Earnings (loss) per share attributable to common stock:        
Basic (in USD per share) $ 0.06 $ 0.09 $ (0.03) $ (0.11)
Diluted (in USD per share) $ 0.06 $ 0.09 $ (0.03) $ (0.11)
Shares used in computing earnings (loss) per share:        
Weighted average basic shares outstanding (in shares) 100,935 88,588 100,862 88,553
Weighted average diluted shares outstanding (in shares) 101,476 88,823 100,862 88,553
Nonrelated Party        
Total revenue $ 932,021 $ 697,952 $ 1,631,957 $ 1,226,924
Total cost of revenue 863,791 633,039 1,529,042 1,142,416
Related Party        
Total revenue 29,965 26,100 53,203 47,209
Total cost of revenue 29,053 23,212 51,218 43,588
Gross profit $ 912 $ 2,888 $ 1,985 $ 3,621