Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 28, 2025
Sep. 30, 2024
Operating activities:    
Net loss $ (87,207) $ (19,404)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 32,229 22,701
Non-cash lease termination and exit costs 3,383 321
Stock-based compensation 4,348 4,433
Amortization of debt issuance costs and debt original issuance discounts 2,670 1,723
Deferred taxes 59,728 (8,779)
Non-cash loss on early debt extinguishment   1,674
Loss on impairment of long-lived assets 3,386  
Changes in operating assets and liabilities, net of acquisition:    
Accounts receivable 2,097 6,111
Inventory 2,730 1,542
Other current assets (4,524) (1,154)
Due from related parties 376  
Security deposits (164) (35)
Other assets (937) (2,596)
Accounts payable 3,524 2,169
Accrued expenses (3,645) 11,513
Operating lease liabilities and right-of-use assets 1,784 6,402
Other liabilities (2,556) (953)
Net cash provided by operating activities 17,222 25,668
Investing activities:    
Purchase of property and equipment (44,172) (53,768)
Acquisition related payments, net of cash acquired   (369,838)
Net cash used in investing activities (44,172) (423,606)
Financing activities:    
Borrowings of long-term debt 11,524 333,829
Repayments of long-term debt and financing lease liabilities (5,027) (74,574)
Issuance of Series A preferred stock net of discount   138,943
Issuance of warrants to Series A preferred stockholders   10,771
Exercise of stock options   242
Tax-withholding obligation on stock-based compensation (569) (495)
Purchase of treasury stock (1,106) (3,151)
Net cash provided by financing activities 4,822 405,565
Effect of exchange rate changes on cash 100 10
Net change in cash and cash equivalents and restricted cash and cash equivalents (22,028) 7,637
Cash and cash equivalents and restricted cash and cash equivalents, beginning of period 28,075 21,047
Cash and cash equivalents and restricted cash and cash equivalents, end of period 6,047 28,684
Supplemental disclosure of cash flow data:    
Interest paid, net of capitalized interest 27,992 14,334
Income taxes paid 931 437
Accrued purchases of property and equipment $ 13,368 $ 11,739