v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 27, 2026
Jun. 28, 2025
Cash flows from operating activities    
Net income $ 260 $ 1,364
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation of property and equipment 7,988 5,458
Change in operating lease right-of-use assets 10,545 8,820
Amortization of definite-lived intangible assets 419 419
Amortization of debt issuance costs 551 565
Deferred income taxes 498 (473)
Stock-based compensation expense 24,378 568
Other 0 45
Increase (decrease) in cash due to changes in operating assets and liabilities    
Accounts receivable (309) (4,748)
IEEPA tariff receivable (10,921) 0
Inventories (21,248) (12,947)
Prepaid expenses and other current assets (6,785) (2,987)
Other noncurrent assets (286) (1,803)
Accounts payable (1,254) (5,194)
Accrued expenses and other current liabilities 3,633 5,080
Operating lease liabilities (9,337) (9,250)
Deferred revenue 1,370 755
Other noncurrent liabilities 524 118
Net cash provided by (used in) operating activities 26 (14,210)
Cash flows from investing activities    
Purchases of property and equipment (13,216) (21,060)
Net cash used in investing activities (13,216) (21,060)
Cash flows from financing activities    
Proceeds from exercise of stock options 50 0
Proceeds from term loan, net of lender fees 89,211 0
Repayments on term loan (4,125) (2,023)
Payment of debt issuance costs (209) 0
Payments of stock issuance costs 1,038 0
Payment of dividends declared (59,066) 0
Net cash provided by (used in) financing activities 24,823 (2,023)
Effect of exchange rate changes on cash and cash equivalents (479) 777
Net change in cash and cash equivalents 11,154 (36,516)
Cash and cash equivalents    
Beginning of the period 65,473 87,678
End of the period 76,627 51,162
Cash paid during the year for    
Income taxes, net of refunds 4,148 4,593
Interest 6,133 6,992
Noncash financing and investing activities    
Recapitalization dividend payable 29,056 0
Purchase of property and equipment included in accounts payable and accrued expenses and other current liabilities 927 1,913
Operating lease right-of-use assets obtained in exchange for operating lease liabilities $ 19,986 $ 39,683