v3.26.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 26, 2026
Sep. 27, 2025
Cash flows provided by operating activities:    
Net (loss) income $ (50,529) $ 131,000
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 63,478 67,726
Impairment of brewery assets 3,124 6,401
Gain on sale of property, plant, and equipment (88) (47)
Litigation expense 194,471  
Change in right-of-use assets 8,342 (5,654)
Stock-based compensation expense 15,126 14,408
Deferred income taxes (43,261) (15,496)
Other non-cash income (374) (32)
Changes in operating assets and liabilities:    
Accounts receivable (25,961) (22,866)
Inventories (6,585) 13,816
Prepaid expenses and other current assets (4,502) (3,329)
Income tax receivable 22,163 4,925
Third-party production prepayments 1,775 6,058
Brewery-related assets and cloud computing 4,968 4,975
Other non-current assets (498) (1,148)
Accounts payable 14,320 16,042
Accrued expenses and other current liabilities 7,916 8,205
Operating lease liabilities (9,450) 4,958
Other non-current liabilities (233) 276
Net cash provided by operating activities 194,202 230,218
Cash flows used in investing activities:    
Purchases of property, plant, and equipment (31,234) (36,717)
Proceeds from disposal of property, plant, and equipment 88 47
Net cash used in investing activities (31,146) (36,670)
Cash flows used in financing activities:    
Repurchases and retirement of Class A common stock (75,338) (152,423)
Proceeds from exercise of stock options and sale of investment shares 1,495 1,242
Cash paid on finance leases (1,092) (1,288)
Payment of tax withholding on stock-based payment awards and investment shares (3,427) (2,444)
Net cash used in financing activities (78,362) (154,913)
Change in cash and cash equivalents 84,694 38,635
Cash and cash equivalents at beginning of period 223,378 211,819
Cash and cash equivalents at end of period 308,072 250,454
Supplemental disclosure of cash flow information:    
Income tax payment, net (9,150) (54,215)
Cash paid for amounts included in measurement of lease liabilities    
Operating cash outflows from operating leases 10,376 9,899
Operating cash outflows from finance leases 35 101
Financing cash outflows from finance leases 1,092 1,288
Right-of-use assets obtained in exchange for operating lease obligations 1,114 13,630
Right-of-use-assets obtained in exchange for finance lease obligations 271  
Decrease in accounts payable for purchases of property, plant, and equipment (1,655) (1,111)
Non-cash financing activity - decrease in accrued excise taxes on share repurchases (1,274) (899)
Non-cash investing activity - application of supplier shortfall fees to reduce notes receivable and accrued expenses $ 3,937 $ 6,008