v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 28, 2026
Jun. 29, 2025
Cash flows from operating activities:    
Net income (loss) $ 99,539 $ (48,197)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 37,386 35,102
Amortization of lease acquisition 47 46
Amortization of cloud computing arrangements 565 495
Non-cash operating lease cost 18,711 17,064
Loss on disposal of property and equipment 738 117
Stock-based compensation 10,982 18,221
Non-cash impairment and closure costs 1,693 5,325
Non-cash restructuring charges 455 443
Deferred income tax expense 360 180
Change in fair value of contingent consideration liability 0 (3,338)
Gain on disposal of business (161,161) 0
Changes in operating assets and liabilities:    
Accounts receivable (544) (1,635)
Inventory (489) (425)
Prepaid expenses and other current assets (5,023) (249)
Operating lease liabilities (19,914) (22,378)
Accounts payable (4,308) (188)
Accrued payroll and benefits 3,231 (5,074)
Accrued expenses and other current liabilities 5,261 2,265
Gift card and loyalty liability 408 1,859
Contingent consideration liability (5,396) (2,290)
Other non-current liabilities (146) (8)
Net cash used in operating activities (17,605) (2,665)
Cash flows from investing activities:    
Purchase of property and equipment (22,522) (40,333)
Purchase of intangible assets (3,832) (4,300)
Security and landlord deposits 34 100
Proceeds from disposal of business 100,000 0
Net cash provided by (used in) investing activities 73,680 (44,533)
Cash flows from financing activities:    
Proceeds from stock option exercise 59 2,679
Payment associated to shares repurchased for tax withholding (688) (259)
Net cash (used in) provided by financing activities (629) 2,420
Net change in cash and cash equivalents and restricted cash 55,446 (44,778)
Cash and cash equivalents and restricted cash—beginning of year 93,343 217,429
Cash and cash equivalents and restricted cash—end of period 148,789 172,651
Cash paid for interest 90 5
Supplemental disclosure of cash flow information    
Purchase of property and equipment accrued in accounts payable and accrued expenses 8,649 11,049
Series C Preferred Stock of Wonder Group, Inc. as partial consideration for the Spyce sale $ 86,429 $ 0