v3.26.1
Restatement of Previously Issued Consolidated Financial Statements - Statement of Operations Restatement (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 27, 2026
Jun. 28, 2025
Jun. 27, 2026
Jun. 28, 2025
Net revenue:        
Total net revenue $ 507,416 $ 475,213 $ 991,857 $ 922,825
Operating expenses:        
Selling, general, and administrative expenses 129,704 150,520 261,515 275,179
Depreciation and amortization 22,157 19,129 43,488 39,440
Total operating expenses 434,366 428,164 851,367 821,019
Operating income 73,050 47,049 140,490 101,806
Other expenses, net:        
Interest expense, net 20,791 31,146 44,243 67,412
Foreign currency transaction (gain) loss, net 1,212 (8,659) 10,142 (9,130)
Other expenses, net 22,003 22,487 56,205 58,282
Income before taxes from continuing operations 51,047 24,562 84,285 43,524
Income tax expense 13,773 8,130 23,180 13,584
Net income from continuing operations 37,274 16,432 61,105 29,940
(Loss) gain on sale of discontinued operations, net of tax (3,027) 38,948 26,259 38,948
Net loss (income) from discontinued operations, net of tax 0 (1,336) 1,713 (4,918)
Net income $ 34,247 $ 54,044 $ 89,077 $ 63,970
Basic and Diluted earnings per share:        
Continuing Operations (in dollars per share) $ 0.23 $ 0.10 $ 0.37 $ 0.18
Discontinued Operations (in dollars per share) (0.02) 0.23 0.17 0.21
Net basic earnings per share (in dollars per share) 0.21 0.33 0.54 0.39
Continuing Operations (in dollars per share) 0.23 0.10 0.37 0.18
Discontinued Operations (in dollars per share) (0.02) 0.23 0.17 0.21
Net diluted earnings per share (in dollars per share) $ 0.21 $ 0.33 $ 0.54 $ 0.39
Weighted average shares outstanding        
Basic (in shares) 164,481 162,833 164,319 161,701
Diluted (in shares) 164,936 164,150 164,774 162,984
As Previously Reported        
Net revenue:        
Total net revenue   $ 550,988   $ 1,067,151
Operating expenses:        
Selling, general, and administrative expenses   183,118   326,170
Depreciation and amortization   34,903   68,055
Total operating expenses   512,876   967,774
Operating income   38,112   99,377
Other expenses, net:        
Interest expense, net   31,359   67,893
Foreign currency transaction (gain) loss, net   (12,197)   (11,987)
Other expenses, net   19,162   55,906
Income before taxes from continuing operations   18,950   43,471
Income tax expense   7,141   14,172
Net income from continuing operations   11,809   29,299
(Loss) gain on sale of discontinued operations, net of tax   37,367   37,367
Net loss (income) from discontinued operations, net of tax   (1,612)   (13,596)
Net income   $ 47,564   $ 53,070
Basic and Diluted earnings per share:        
Continuing Operations (in dollars per share)   $ 0.07   $ 0.18
Discontinued Operations (in dollars per share)   0.22   0.15
Net basic earnings per share (in dollars per share)   0.29   0.33
Continuing Operations (in dollars per share)   0.07   0.18
Discontinued Operations (in dollars per share)   0.22   0.15
Net diluted earnings per share (in dollars per share)   $ 0.29   $ 0.33
Weighted average shares outstanding        
Basic (in shares)   162,833   161,701
Diluted (in shares)   164,150   162,984
Restatement Impacts        
Net revenue:        
Total net revenue   $ (2,405)   $ (2,930)
Operating expenses:        
Selling, general, and administrative expenses   (21,443)   (31,642)
Depreciation and amortization   411   800
Total operating expenses   (18,306)   (21,523)
Operating income   15,901   18,593
Other expenses, net:        
Interest expense, net   (89)   (217)
Foreign currency transaction (gain) loss, net   3,538   2,857
Other expenses, net   3,449   2,640
Income before taxes from continuing operations   12,452   15,953
Income tax expense   4,450   5,442
Net income from continuing operations   8,002   10,511
(Loss) gain on sale of discontinued operations, net of tax   1,581   1,581
Net loss (income) from discontinued operations, net of tax   (3,103)   (1,192)
Net income   $ 6,480   $ 10,900
Basic and Diluted earnings per share:        
Continuing Operations (in dollars per share)   $ 0.05   $ 0.06
Discontinued Operations (in dollars per share)   (0.01)   0.00
Net basic earnings per share (in dollars per share)   0.04   0.06
Continuing Operations (in dollars per share)   0.05   0.06
Discontinued Operations (in dollars per share)   (0.01)   0.00
Net diluted earnings per share (in dollars per share)   $ 0.04   $ 0.06
Weighted average shares outstanding        
Basic (in shares)   0   0
Diluted (in shares)   0   0
As Restated        
Net revenue:        
Total net revenue   $ 548,583   $ 1,064,221
Operating expenses:        
Selling, general, and administrative expenses   161,675   294,528
Depreciation and amortization   35,314   68,855
Total operating expenses   494,570   946,251
Operating income   54,013   117,970
Other expenses, net:        
Interest expense, net   31,270   67,676
Foreign currency transaction (gain) loss, net   (8,659)   (9,130)
Other expenses, net   22,611   58,546
Income before taxes from continuing operations   31,402   59,424
Income tax expense   11,591   19,614
Net income from continuing operations   19,811   39,810
(Loss) gain on sale of discontinued operations, net of tax   38,948   38,948
Net loss (income) from discontinued operations, net of tax   (4,715)   (14,788)
Net income   $ 54,044   $ 63,970
Basic and Diluted earnings per share:        
Continuing Operations (in dollars per share)   $ 0.12   $ 0.24
Discontinued Operations (in dollars per share)   0.21   0.15
Net basic earnings per share (in dollars per share)   0.33   0.39
Continuing Operations (in dollars per share)   0.12   0.24
Discontinued Operations (in dollars per share)   0.21   0.15
Net diluted earnings per share (in dollars per share)   $ 0.33   $ 0.39
Weighted average shares outstanding        
Basic (in shares)   162,833   161,701
Diluted (in shares)   164,150   162,984
Discontinued Operations Reclassification Impacts        
Net revenue:        
Total net revenue   $ (73,370)   $ (141,396)
Operating expenses:        
Selling, general, and administrative expenses   (11,155)   (19,349)
Depreciation and amortization   (16,185)   (29,415)
Total operating expenses   (66,406)   (125,232)
Operating income   (6,964)   (16,164)
Other expenses, net:        
Interest expense, net   (124)   (264)
Foreign currency transaction (gain) loss, net   0   0
Other expenses, net   (124)   (264)
Income before taxes from continuing operations   (6,840)   (15,900)
Income tax expense   (3,461)   (6,030)
Net income from continuing operations   (3,379)   (9,870)
(Loss) gain on sale of discontinued operations, net of tax   0   0
Net loss (income) from discontinued operations, net of tax   3,379   9,870
Net income   $ 0   $ 0
Basic and Diluted earnings per share:        
Continuing Operations (in dollars per share)   $ (0.02)   $ (0.06)
Discontinued Operations (in dollars per share)   0.02   0.06
Net basic earnings per share (in dollars per share)   0   0
Continuing Operations (in dollars per share)   (0.02)   (0.06)
Discontinued Operations (in dollars per share)   0.02   0.06
Net diluted earnings per share (in dollars per share)   $ 0   $ 0
Weighted average shares outstanding        
Basic (in shares)   0   0
Diluted (in shares)   0   0
Franchise royalties and fees        
Net revenue:        
Total net revenue $ 51,662 $ 49,180 $ 98,925 $ 93,890
Franchise royalties and fees | As Previously Reported        
Net revenue:        
Total net revenue   49,180   93,890
Franchise royalties and fees | Restatement Impacts        
Net revenue:        
Total net revenue   0   0
Franchise royalties and fees | As Restated        
Net revenue:        
Total net revenue   49,180   93,890
Franchise royalties and fees | Discontinued Operations Reclassification Impacts        
Net revenue:        
Total net revenue   0   0
Company-operated store sales        
Net revenue:        
Total net revenue 352,604 333,280 689,736 647,411
Operating expenses:        
Operating expense 208,643 192,322 403,900 379,445
Company-operated store sales | As Previously Reported        
Net revenue:        
Total net revenue   333,280   647,411
Operating expenses:        
Operating expense   190,396   372,262
Company-operated store sales | Restatement Impacts        
Net revenue:        
Total net revenue   0   0
Operating expenses:        
Operating expense   1,926   7,183
Company-operated store sales | As Restated        
Net revenue:        
Total net revenue   333,280   647,411
Operating expenses:        
Operating expense   192,322   379,445
Company-operated store sales | Discontinued Operations Reclassification Impacts        
Net revenue:        
Total net revenue   0   0
Operating expenses:        
Operating expense   0   0
Independently-operated store expenses        
Net revenue:        
Total net revenue   0   0
Operating expenses:        
Operating expense   0   0
Independently-operated store expenses | As Previously Reported        
Net revenue:        
Total net revenue   71,791   138,431
Operating expenses:        
Operating expense   38,060   74,535
Independently-operated store expenses | Restatement Impacts        
Net revenue:        
Total net revenue   0   0
Operating expenses:        
Operating expense   3   15
Independently-operated store expenses | As Restated        
Net revenue:        
Total net revenue   71,791   138,431
Operating expenses:        
Operating expense   38,063   74,550
Independently-operated store expenses | Discontinued Operations Reclassification Impacts        
Net revenue:        
Total net revenue   (71,791)   (138,431)
Operating expenses:        
Operating expense   (38,063)   (74,550)
Advertising contributions        
Net revenue:        
Total net revenue 30,098 27,041 58,933 52,366
Operating expenses:        
Operating expense 30,098 27,040 58,933 52,365
Advertising contributions | As Previously Reported        
Net revenue:        
Total net revenue   27,041   52,366
Operating expenses:        
Operating expense   27,040   52,365
Advertising contributions | Restatement Impacts        
Net revenue:        
Total net revenue   0   0
Operating expenses:        
Operating expense   0   0
Advertising contributions | As Restated        
Net revenue:        
Total net revenue   27,041   52,366
Operating expenses:        
Operating expense   27,040   52,365
Advertising contributions | Discontinued Operations Reclassification Impacts        
Net revenue:        
Total net revenue   0   0
Operating expenses:        
Operating expense   0   0
Supply and other revenue        
Net revenue:        
Total net revenue 73,052 65,712 144,263 129,158
Operating expenses:        
Operating expense $ 43,764 39,153 $ 83,531 74,590
Supply and other revenue | As Previously Reported        
Net revenue:        
Total net revenue   69,696   135,053
Operating expenses:        
Operating expense   39,359   74,387
Supply and other revenue | Restatement Impacts        
Net revenue:        
Total net revenue   (2,405)   (2,930)
Operating expenses:        
Operating expense   797   2,121
Supply and other revenue | As Restated        
Net revenue:        
Total net revenue   67,291   132,123
Operating expenses:        
Operating expense   40,156   76,508
Supply and other revenue | Discontinued Operations Reclassification Impacts        
Net revenue:        
Total net revenue   (1,579)   (2,965)
Operating expenses:        
Operating expense   $ (1,003)   $ (1,918)