Restatement of Previously Issued Consolidated Financial Statements - Cash Flows Statement Restatement (Details) - USD ($)
$ in Thousands |
3 Months Ended |
6 Months Ended |
Jun. 27, 2026 |
Jun. 28, 2025 |
Jun. 27, 2026 |
Jun. 28, 2025 |
| Error Corrections and Prior Period Adjustments Restatement [Line Items] |
|
|
|
|
| Net income |
$ 34,247
|
$ 54,044
|
$ 89,077
|
$ 63,970
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
| Depreciation and amortization |
|
|
43,488
|
71,081
|
| Share-based compensation expense |
5,000
|
11,000
|
10,816
|
23,022
|
| (Gain) loss on foreign denominated transactions |
|
|
7,291
|
(13,343)
|
| Loss (gain) on foreign currency derivatives |
|
|
2,851
|
4,213
|
| Gain on sale and disposal of businesses, fixed assets, and sale leaseback transactions |
|
|
(25,709)
|
(49,535)
|
| Loss on fair value of seller note receivable |
|
|
0
|
17,000
|
| Reclassification of interest rate hedge to income |
|
|
0
|
(1,033)
|
| Bad debt expense |
|
|
3,410
|
9,271
|
| Asset impairment charges and lease terminations |
|
|
0
|
24,575
|
| Amortization of deferred financing costs and bond discounts |
|
|
3,777
|
6,206
|
| Amortization of cloud computing |
|
|
10,635
|
5,829
|
| Provision for deferred income taxes |
|
|
13,932
|
11,347
|
| Other, net |
|
|
(9,077)
|
(5,003)
|
| Changes in operating assets and liabilities, net of acquisitions: |
|
|
|
|
| Accounts and notes receivable, net |
|
|
(26,230)
|
(44,295)
|
| Inventory |
|
|
211
|
1,840
|
| Prepaid and other assets |
|
|
18,073
|
(3,162)
|
| Advertising fund assets and liabilities, restricted |
|
|
(14,046)
|
(11,599)
|
| Other assets |
|
|
(7,949)
|
150
|
| Deferred commissions |
|
|
(2)
|
303
|
| Deferred revenue |
|
|
(492)
|
(934)
|
| Accounts payable |
|
|
35,968
|
29,874
|
| Accrued expenses and other liabilities |
|
|
(17,520)
|
10,140
|
| Income tax receivable |
|
|
(7,427)
|
686
|
| Cash provided by operating activities |
|
|
132,897
|
150,603
|
| Cash flows from investing activities: |
|
|
|
|
| Capital expenditures |
|
|
(80,924)
|
(124,641)
|
| Cash used in business acquisitions, net of cash acquired |
|
|
0
|
(6,034)
|
| Proceeds from sale leaseback transactions |
|
|
23,001
|
22,810
|
| Proceeds from sale or disposal of businesses and fixed assets, net of cash sold |
|
|
484,209
|
266,133
|
| Cash provided by investing activities |
|
|
426,286
|
158,268
|
| Cash flows from financing activities: |
|
|
|
|
| Payment of debt extinguishment and issuance costs |
|
|
0
|
(1,414)
|
| Repayment of long-term debt |
|
|
(340,286)
|
(305,446)
|
| Proceeds from revolving lines of credit and short-term debt |
|
|
107,000
|
65,000
|
| Repayment of revolving lines of credit and short-term debt |
|
|
(247,000)
|
(75,000)
|
| Repayment of principal portion of finance lease liability |
|
|
(3,764)
|
(3,140)
|
| Tax obligations for share-based compensation |
|
|
(2,166)
|
(2,582)
|
| Cash used in financing activities |
|
|
(507,846)
|
(322,582)
|
| Effect of exchange rate changes on cash |
|
|
(1,494)
|
5,464
|
| Net change in cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted |
|
|
49,843
|
(8,247)
|
| 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 |
|
|
|
181,098
|
| Cash and cash equivalents, end of period |
183,947
|
133,079
|
183,947
|
133,079
|
| Cash included in advertising fund assets, restricted, end of period |
50,844
|
39,438
|
50,844
|
39,438
|
| Restricted cash, end of period |
$ 100
|
334
|
100
|
334
|
| Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, end of period |
|
172,851
|
|
172,851
|
| Supplemental cash flow disclosures - non-cash items: |
|
|
|
|
| Capital expenditures included in accrued expenses and other liabilities |
|
|
$ 2,224
|
5,468
|
| U.S. Car Wash Business |
|
|
|
|
| Supplemental cash flow disclosures - U.S. Car Wash and International Car Wash |
|
|
|
|
| Depreciation and amortization |
|
|
|
2,226
|
| Capital expenditures |
|
|
|
4,657
|
| (Gain) loss on sale or disposal of assets |
|
|
|
7,634
|
| Asset impairment |
|
|
|
476
|
| International Car Wash Business |
|
|
|
|
| Supplemental cash flow disclosures - U.S. Car Wash and International Car Wash |
|
|
|
|
| Depreciation and amortization |
|
|
|
29,415
|
| Capital expenditures |
|
|
|
13,430
|
| (Gain) loss on sale or disposal of assets |
|
|
|
(199)
|
| Asset impairment |
|
|
|
133
|
| As Previously Reported |
|
|
|
|
| Error Corrections and Prior Period Adjustments Restatement [Line Items] |
|
|
|
|
| Net income |
|
47,564
|
|
53,070
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
| Depreciation and amortization |
|
|
|
70,281
|
| Share-based compensation expense |
|
|
|
23,078
|
| (Gain) loss on foreign denominated transactions |
|
|
|
(17,630)
|
| Loss (gain) on foreign currency derivatives |
|
|
|
5,643
|
| Gain on sale and disposal of businesses, fixed assets, and sale leaseback transactions |
|
|
|
(27,694)
|
| Loss on fair value of seller note receivable |
|
|
|
17,000
|
| Reclassification of interest rate hedge to income |
|
|
|
(1,033)
|
| Bad debt expense |
|
|
|
9,293
|
| Asset impairment charges and lease terminations |
|
|
|
18,460
|
| Amortization of deferred financing costs and bond discounts |
|
|
|
6,206
|
| Amortization of cloud computing |
|
|
|
9,136
|
| Provision for deferred income taxes |
|
|
|
2,215
|
| Other, net |
|
|
|
(3,631)
|
| Changes in operating assets and liabilities, net of acquisitions: |
|
|
|
|
| Accounts and notes receivable, net |
|
|
|
(40,742)
|
| Inventory |
|
|
|
773
|
| Prepaid and other assets |
|
|
|
(6,322)
|
| Advertising fund assets and liabilities, restricted |
|
|
|
(11,599)
|
| Other assets |
|
|
|
(104)
|
| Deferred commissions |
|
|
|
303
|
| Deferred revenue |
|
|
|
(1,164)
|
| Accounts payable |
|
|
|
28,707
|
| Accrued expenses and other liabilities |
|
|
|
22,661
|
| Income tax receivable |
|
|
|
(1,380)
|
| Cash provided by operating activities |
|
|
|
155,527
|
| Cash flows from investing activities: |
|
|
|
|
| Capital expenditures |
|
|
|
(127,622)
|
| Cash used in business acquisitions, net of cash acquired |
|
|
|
(6,034)
|
| Proceeds from sale leaseback transactions |
|
|
|
22,810
|
| Proceeds from sale or disposal of businesses and fixed assets, net of cash sold |
|
|
|
268,398
|
| Cash provided by investing activities |
|
|
|
157,552
|
| Cash flows from financing activities: |
|
|
|
|
| Payment of debt extinguishment and issuance costs |
|
|
|
(1,414)
|
| Repayment of long-term debt |
|
|
|
(305,446)
|
| Proceeds from revolving lines of credit and short-term debt |
|
|
|
65,000
|
| Repayment of revolving lines of credit and short-term debt |
|
|
|
(75,000)
|
| Repayment of principal portion of finance lease liability |
|
|
|
(2,440)
|
| Tax obligations for share-based compensation |
|
|
|
(2,582)
|
| Cash used in financing activities |
|
|
|
(321,882)
|
| Effect of exchange rate changes on cash |
|
|
|
5,464
|
| Net change in cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted |
|
|
|
(3,339)
|
| Cash and cash equivalents, beginning of period |
|
|
|
169,954
|
| Cash included in advertising fund assets, restricted, beginning of period |
|
|
|
38,930
|
| Restricted cash, beginning of period |
|
|
|
358
|
| Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, beginning of period |
|
|
|
209,242
|
| Cash and cash equivalents, end of period |
|
166,131
|
|
166,131
|
| Cash included in advertising fund assets, restricted, end of period |
|
39,438
|
|
39,438
|
| Restricted cash, end of period |
|
334
|
|
334
|
| Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, end of period |
|
205,903
|
|
205,903
|
| Supplemental cash flow disclosures - non-cash items: |
|
|
|
|
| Capital expenditures included in accrued expenses and other liabilities |
|
|
|
6,418
|
| As Previously Reported | U.S. Car Wash Business |
|
|
|
|
| Supplemental cash flow disclosures - U.S. Car Wash and International Car Wash |
|
|
|
|
| Depreciation and amortization |
|
|
|
2,226
|
| Capital expenditures |
|
|
|
2,948
|
| (Gain) loss on sale or disposal of assets |
|
|
|
7,634
|
| Asset impairment |
|
|
|
553
|
| As Previously Reported | International Car Wash Business |
|
|
|
|
| Supplemental cash flow disclosures - U.S. Car Wash and International Car Wash |
|
|
|
|
| Depreciation and amortization |
|
|
|
29,415
|
| Capital expenditures |
|
|
|
13,430
|
| (Gain) loss on sale or disposal of assets |
|
|
|
(199)
|
| Asset impairment |
|
|
|
133
|
| Restatement Impacts |
|
|
|
|
| Error Corrections and Prior Period Adjustments Restatement [Line Items] |
|
|
|
|
| Net income |
|
6,480
|
|
10,900
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
| Depreciation and amortization |
|
|
|
800
|
| Share-based compensation expense |
|
|
|
(56)
|
| (Gain) loss on foreign denominated transactions |
|
|
|
4,287
|
| Loss (gain) on foreign currency derivatives |
|
|
|
(1,430)
|
| Gain on sale and disposal of businesses, fixed assets, and sale leaseback transactions |
|
|
|
(21,841)
|
| Loss on fair value of seller note receivable |
|
|
|
0
|
| Reclassification of interest rate hedge to income |
|
|
|
0
|
| Bad debt expense |
|
|
|
(22)
|
| Asset impairment charges and lease terminations |
|
|
|
6,115
|
| Amortization of deferred financing costs and bond discounts |
|
|
|
0
|
| Amortization of cloud computing |
|
|
|
(3,307)
|
| Provision for deferred income taxes |
|
|
|
9,132
|
| Other, net |
|
|
|
(1,372)
|
| Changes in operating assets and liabilities, net of acquisitions: |
|
|
|
|
| Accounts and notes receivable, net |
|
|
|
(3,553)
|
| Inventory |
|
|
|
1,067
|
| Prepaid and other assets |
|
|
|
3,160
|
| Advertising fund assets and liabilities, restricted |
|
|
|
0
|
| Other assets |
|
|
|
254
|
| Deferred commissions |
|
|
|
0
|
| Deferred revenue |
|
|
|
230
|
| Accounts payable |
|
|
|
1,167
|
| Accrued expenses and other liabilities |
|
|
|
(12,521)
|
| Income tax receivable |
|
|
|
2,066
|
| Cash provided by operating activities |
|
|
|
(4,924)
|
| Cash flows from investing activities: |
|
|
|
|
| Capital expenditures |
|
|
|
2,981
|
| Cash used in business acquisitions, net of cash acquired |
|
|
|
0
|
| Proceeds from sale leaseback transactions |
|
|
|
0
|
| Proceeds from sale or disposal of businesses and fixed assets, net of cash sold |
|
|
|
(2,265)
|
| Cash provided by investing activities |
|
|
|
716
|
| Cash flows from financing activities: |
|
|
|
|
| Payment of debt extinguishment and issuance costs |
|
|
|
0
|
| Repayment of long-term debt |
|
|
|
0
|
| Proceeds from revolving lines of credit and short-term debt |
|
|
|
0
|
| Repayment of revolving lines of credit and short-term debt |
|
|
|
0
|
| Repayment of principal portion of finance lease liability |
|
|
|
(700)
|
| Tax obligations for share-based compensation |
|
|
|
0
|
| Cash used in financing activities |
|
|
|
(700)
|
| Effect of exchange rate changes on cash |
|
|
|
0
|
| Net change in cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted |
|
|
|
(4,908)
|
| Cash and cash equivalents, beginning of period |
|
|
|
(28,144)
|
| Cash included in advertising fund assets, restricted, beginning of period |
|
|
|
0
|
| Restricted cash, beginning of period |
|
|
|
0
|
| Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, beginning of period |
|
|
|
(28,144)
|
| Cash and cash equivalents, end of period |
|
(33,052)
|
|
(33,052)
|
| Cash included in advertising fund assets, restricted, end of period |
|
0
|
|
0
|
| Restricted cash, end of period |
|
0
|
|
0
|
| Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, end of period |
|
$ (33,052)
|
|
(33,052)
|
| Supplemental cash flow disclosures - non-cash items: |
|
|
|
|
| Capital expenditures included in accrued expenses and other liabilities |
|
|
|
(950)
|
| Restatement Impacts | U.S. Car Wash Business |
|
|
|
|
| Supplemental cash flow disclosures - U.S. Car Wash and International Car Wash |
|
|
|
|
| Depreciation and amortization |
|
|
|
0
|
| Capital expenditures |
|
|
|
1,709
|
| (Gain) loss on sale or disposal of assets |
|
|
|
0
|
| Asset impairment |
|
|
|
(77)
|
| Restatement Impacts | International Car Wash Business |
|
|
|
|
| Supplemental cash flow disclosures - U.S. Car Wash and International Car Wash |
|
|
|
|
| Depreciation and amortization |
|
|
|
0
|
| Capital expenditures |
|
|
|
0
|
| (Gain) loss on sale or disposal of assets |
|
|
|
0
|
| Asset impairment |
|
|
|
$ 0
|