v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 29, 2026
Mar. 30, 2025
Cash flows from operating activities    
Net income $ 2,517 $ 13,145
Adjustments to reconcile net income to net cash provided by operating activities    
Stock-based compensation expense 715 891
Transaction losses 704 770
Depreciation and amortization 18,615 16,758
Non-cash interest expense 10,842 22
Loss on disposal of fixed assets 0 21
Non-cash lease costs 20,304 18,291
Deferred income taxes 2,225 (430)
Change in reserve for product warranties 0 247
Changes in operating assets and liabilities    
Accounts receivable (5,524) (2,304)
Inventories 13,444 (15,747)
Prepaids and other current assets 247 3,293
Other assets (3,867) 43
Accounts payable (7,656) (15,432)
Accrued expenses (19,873) (10,045)
Customer deposits 11,679 6,336
Operating leases (15,519) (12,149)
Net cash provided by operating activities 28,853 3,710
Cash flows from investing activities    
Purchase of property and equipment (31,594) (15,867)
Net cash used in investing activities (31,594) (15,867)
Cash flows from financing activities    
Principal payments on Term Loan (350,000) 0
Proceeds from Line of Credit 64,000 0
Principal payments on Line of Credit (39,000) 0
Principal payments on financing lease obligations (3,545) (2,574)
Proceeds (payments) related to exercise of employee stock options 994 (464)
Payments for the acquisition of treasury stock (50) (83)
Proceeds from the issuance of common stock 310,915 0
Payments for fractional shares (45) 0
Payments of initial public offering costs (5,232) 0
Net cash used in financing activities (21,963) (3,121)
Net decrease in cash, cash equivalents, and restricted cash (24,704) (15,278)
Cash, cash equivalents, and restricted cash beginning of period 62,614 80,558
Cash, cash equivalents, and restricted cash end of period 37,910 65,280
Supplemental disclosure of cash flow data    
Cash paid for interest 3,570 441
Supplemental disclosure of noncash investing and financing activities    
Assets acquired under financing leases 5,586 0
Purchase of property and equipment included in accounts payable 16,775 8,607
Employees cashless exercising of stock options $ 19 $ 1,637

Source

10-Q XBRL Zip