v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 27, 2026
Jun. 28, 2025
Statement of Cash Flows [Abstract]    
Net income $ 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 10,816 23,022
Loss (gain) on foreign denominated transactions 7,291 (13,343)
Loss 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
Loss on extinguishment of debt 1,820 0
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)
Payment of Tax Receivable Agreement (21,630) 0
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 185,048 181,098
Cash and cash equivalents, end of period 183,947 133,079
Cash included in advertising fund assets, restricted, end of period 50,844 39,438
Restricted cash, end of period 100 334
Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, end of period 234,891 172,851
Supplemental cash flow disclosures - non-cash items:    
Capital expenditures included in accrued expenses and other liabilities 2,224 5,468
Deferred consideration included in accrued expenses and other liabilities 263 1,896
Supplemental cash flow disclosures - cash paid for:    
Interest 40,600 64,762
Income taxes $ 5,916 $ 21,236