v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 28, 2026
Jun. 29, 2025
CASH FLOWS PROVIDED BY/(USED FOR) OPERATING ACTIVITIES:    
Net loss $ (42,504) $ (474,523)
Adjustments to reconcile net loss to net cash provided by/(used for) operating activities:    
Depreciation and amortization expense 59,123 69,683
Deferred and other income taxes (4,957) (30,785)
Goodwill impairment 0 355,958
Other asset impairments and lease termination charges 6,125 51,136
Loss on disposal of property and equipment 1,400 403
Loss on divestiture of Insomnia Cookies 0 11,501
Gain on refranchising, net (8,885) 0
Gain on acquisition of equity method investment (416) 0
Gain on sale-leaseback 0 6,749
Share-based compensation 7,926 7,237
Change in accounts and notes receivable allowances 3,349 986
Inventory write-off (4) 1,495
Other (128) 2,224
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Increase (Decrease) in Operating Capital [Abstract]    
Increase (Decrease) in Accounts Receivable (27,741) 10,503
Increase (Decrease) in Inventories (7,034) (6,446)
Increase (Decrease) in Accounts Payable 41 (38,393)
Increase (Decrease) in Other Current Assets and Liabilities, Net 36,533 9,083
Increase (Decrease) in Other Noncurrent Assets and Liabilities, Net (6,254) (3,269)
Increase (Decrease) in Accrued Liabilities 4,067 (12,626)
Increase (Decrease) in Accrued Liabilities and Other Operating Liabilities (10,680) (795)
Net cash provided by/(used for) operating activities 9,961 (53,377)
CASH FLOWS PROVIDED BY/(USED FOR) INVESTING ACTIVITIES:    
Purchase of property and equipment (16,097) (54,106)
Proceeds from disposals of assets 252 0
Proceeds from sale-leaseback 0 10,882
Net proceeds from refranchising transactions 111,411 0
Purchase/proceeds of equity method investment 129  
Purchase/proceeds of equity method investment   (2,140)
Purchase of minority interests (2,600) 0
Net proceeds from divestiture of Insomnia Cookies 0 75,000
Principal payments received from loans to franchisees 0 1,202
Purchase of redeemable noncontrolling interest (25,106) 0
Other investing activities 0 99
Net cash provided by/(used for) investing activities 67,989 30,937
CASH FLOWS PROVIDED BY/(USED FOR) FINANCING ACTIVITIES:    
Proceeds from the issuance of debt 120,750 516,900
Repayment of long-term debt and lease obligations (234,173) (485,894)
Payment of financing costs 0 (825)
Proceeds from structured payables 118,634 198,052
Payments on structured payables (104,067) (199,228)
Capital contribution by shareholders, net of loans issued 262 0
Distribution to shareholders 0 (11,934)
Payments for repurchase and retirement of common stock (527) (787)
Distribution to noncontrolling interest 219 (36)
Net cash provided by/(used for) financing activities (98,902) 16,248
Effect of exchange rate changes on cash, cash equivalents and restricted cash 203 (1,300)
Net decrease in cash, cash equivalents and restricted cash (20,749) (7,492)
Cash, cash equivalents and restricted cash at beginning of period 42,891 29,315
Cash, cash equivalents and restricted cash at end of period 22,142 21,823
Supplemental schedule of non-cash investing and financing activities:    
Increase in accrual for property and equipment 22,312 10,312
Note receivable issued in connection with refranchising (40,404) 0
Reconciliation of cash, cash equivalents and restricted cash at end of period:    
Cash and cash equivalents 21,825 21,264
Restricted cash 317 559
Total cash, cash equivalents and restricted cash $ 22,142 $ 21,823