Grocery Outlet Holding Corp(NASDAQ:GO) 
Grocery Outlet Holding Corp. owns and operates a network of independently operated stores in the United States. The company's stores offer products in various categories, such as dairy and deli, produce, floral, and fresh meat and seafood products, as well as grocery, general merchandise, health and...
Website: http://www.groceryoutlet.com
Founded: 1946
IPO Price: $22 (Jun 20, 2019)
Full Time Employees: 682
Sector: Consumer Defensive
Industry: Grocery Stores
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At a glance:
Bull Thesis:
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Income Statements:
Quarterly
Annual
| Unit: USD | 2026-01-03 | 2025-09-27 | 2025-06-28 | 2025-03-29 | 2024-12-28 | 2024-09-28 | 2024-06-29 | 2024-03-30 | 2023-12-30 | 2023-09-30 | 2023-07-01 | 2023-04-01 | 2022-12-31 | 2022-10-01 | 2022-07-02 | 2022-04-02 | 2022-01-01 | 2021-10-02 | 2021-07-03 | 2021-04-03 | 2021-01-02 | 2020-09-26 | 2020-06-27 | 2020-03-28 | 2019-12-28 | 2019-09-28 | 2019-06-29 |
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net sales | 1,215,267,000 | 1,168,153,000 | 1,179,772,000 | 1,125,567,000 | 1,097,854,000 | 1,108,183,000 | 1,128,520,000 | 1,036,944,000 | 989,818,000 | 1,003,913,000 | 1,010,255,000 | 965,467,000 | 930,830,000 | 918,185,000 | 897,659,000 | 831,427,000 | 782,701,000 | 768,880,000 | 775,535,000 | 752,466,000 | 806,821,000 | 764,082,000 | 803,429,000 | 760,308,000 | 655,517,000 | 652,540,000 | 645,289,000 |
yoy | 10.69% | 5.41% | 4.54% | 8.55% | 10.91% | 10.39% | 11.71% | 7.40% | 6.34% | 9.34% | 12.54% | 16.12% | 18.93% | 19.42% | 15.75% | 10.49% | -2.99% | 0.63% | -3.47% | -1.03% | 23.08% | 17.09% | 24.51% | ||||
qoq | 4.03% | -0.98% | 4.82% | 2.52% | -0.93% | -1.80% | 8.83% | 4.76% | -1.40% | -0.63% | 4.64% | 3.72% | 1.38% | 2.29% | 7.97% | 6.23% | 1.80% | -0.86% | 3.07% | -6.74% | 5.59% | -4.90% | 5.67% | 15.99% | 0.46% | 1.12% | |
cost of sales | 854,248,000 | 813,017,000 | 819,079,000 | 783,122,000 | 773,974,000 | 763,311,000 | 779,280,000 | 732,999,000 | 690,943,000 | 688,222,000 | 683,685,000 | 664,924,000 | 649,666,000 | 637,550,000 | 618,248,000 | 580,538,000 | 540,752,000 | 531,768,000 | 537,737,000 | 520,539,000 | 562,434,000 | 525,899,000 | 549,678,000 | 523,282,000 | 455,239,000 | 451,453,000 | 446,569,000 |
gross profit | 361,019,000 | 355,136,000 | 360,693,000 | 342,445,000 | 323,880,000 | 344,872,000 | 349,240,000 | 303,945,000 | 298,875,000 | 315,691,000 | 326,570,000 | 300,543,000 | 281,164,000 | 280,635,000 | 279,411,000 | 250,889,000 | 241,949,000 | 237,112,000 | 237,798,000 | 231,927,000 | 244,387,000 | 238,183,000 | 253,751,000 | 237,026,000 | 200,278,000 | 201,087,000 | 198,720,000 |
yoy | 11.47% | 2.98% | 3.28% | 12.67% | 8.37% | 9.24% | 6.94% | 1.13% | 6.30% | 12.49% | 16.88% | 19.79% | 16.21% | 18.36% | 17.50% | 8.18% | -1.00% | -0.45% | -6.29% | -2.15% | 22.02% | 18.45% | 27.69% | ||||
qoq | 1.66% | -1.54% | 5.33% | 5.73% | -6.09% | -1.25% | 14.90% | 1.70% | -5.33% | -3.33% | 8.66% | 6.89% | 0.19% | 0.44% | 11.37% | 3.69% | 2.04% | -0.29% | 2.53% | -5.10% | 2.60% | -6.14% | 7.06% | 18.35% | -0.40% | 1.19% | |
gross margin % | 29.71% | 30.40% | 30.57% | 30.42% | 29.50% | 31.12% | 30.95% | 29.31% | 30.19% | 31.45% | 32.33% | 31.13% | 30.21% | 30.56% | 31.13% | 30.18% | 30.91% | 30.84% | 30.66% | 30.82% | 30.29% | 31.17% | 31.58% | 31.17% | 30.55% | 30.82% | 30.80% |
selling, general and administrative expenses | 333,430,000 | 331,016,000 | 336,764,000 | 331,078,000 | 312,507,000 | 304,586,000 | 323,135,000 | 303,382,000 | 279,949,000 | 278,134,000 | 290,089,000 | 267,725,000 | |||||||||||||||
restructuring charges | -425,000 | 1,296,000 | 11,157,000 | 33,875,000 | |||||||||||||||||||||||
operating income | -234,793,000 | 22,824,000 | 12,772,000 | -22,508,000 | 11,373,000 | 40,286,000 | 26,105,000 | 563,000 | 18,926,000 | 37,557,000 | 36,481,000 | ||||||||||||||||
yoy | -2164.48% | -43.35% | -51.07% | -4097.87% | -39.91% | 7.27% | -28.44% | ||||||||||||||||||||
qoq | -1128.71% | 78.70% | -156.74% | -297.91% | -71.77% | 54.32% | 4536.77% | -97.03% | -49.61% | 2.95% | |||||||||||||||||
operating margin % | -19.32% | 1.95% | 1.08% | -2.00% | 1.04% | 3.64% | 2.31% | 0.05% | 1.91% | 3.74% | 3.61% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
interest expense | 7,711,000 | 6,705,000 | 6,544,000 | 6,520,000 | 6,982,000 | 6,439,000 | 5,559,000 | 3,176,000 | 1,450,000 | 4,226,000 | 4,766,000 | 5,919,000 | 5,612,000 | 4,798,000 | 3,875,000 | 3,682,000 | 3,786,000 | 3,950,000 | 3,922,000 | 3,906,000 | 4,106,000 | 4,833,000 | 5,270,000 | 5,834,000 | 6,695,000 | 7,342,000 | 15,452,000 |
income before income taxes | -242,504,000 | 16,119,000 | 6,228,000 | -29,028,000 | 4,391,000 | 33,847,000 | 20,546,000 | -2,613,000 | 17,476,000 | 33,331,000 | 31,715,000 | 21,559,000 | 18,352,000 | 19,889,000 | 21,762,000 | 15,746,000 | 11,645,000 | 22,193,000 | 23,722,000 | 19,941,000 | 23,722,000 | 25,482,000 | 27,089,000 | 10,841,000 | 10,309,000 | 16,134,000 | -14,879,000 |
income tax expense | -24,343,000 | 4,514,000 | 1,267,000 | 2,080,000 | 9,669,000 | 6,545,000 | -1,588,000 | 3,370,000 | 6,191,000 | 7,244,000 | 7,839,000 | 2,463,000 | 2,394,000 | 1,668,000 | 4,172,000 | 5,006,000 | 5,054,000 | 4,082,000 | 1,049,000 | -542,000 | -14,992,000 | -1,801,000 | 477,000 | 3,689,000 | -4,247,000 | ||
net income and comprehensive income | -218,161,000 | 11,605,000 | 4,961,000 | 2,311,000 | 24,178,000 | 14,001,000 | -1,025,000 | 14,106,000 | 27,140,000 | 24,471,000 | 13,720,000 | 15,889,000 | 17,495,000 | 20,094,000 | 11,574,000 | 6,639,000 | 17,139,000 | 19,640,000 | 18,892,000 | 24,264,000 | 40,474,000 | 29,333,000 | 12,642,000 | 9,832,000 | 12,445,000 | -10,632,000 | |
basic earnings (net loss) per share | -2.23 | 0.12 | 0.05 | -0.01 | -0.15 | ||||||||||||||||||||||
diluted earnings (net loss) per share | -2.23 | 0.12 | 0.05 | -0.01 | -0.15 | ||||||||||||||||||||||
weighted-average shares outstanding: | |||||||||||||||||||||||||||
basic | 97,985 | 98,160 | 98,081 | 97,521 | 98,707 | 98,359 | 99,542 | 99,520 | 98,709 | 99,108 | 98,515 | 97,920 | 96,812 | 97,057 | 96,578 | 96,148 | 95,725 | 95,955 | 95,724 | 95,195 | 91,818 | 92,489 | 90,800 | 89,481 | 79,044 | 88,345 | 70,475 |
diluted | 97,985 | 98,705 | 98,460 | 97,521 | 99,615 | 98,933 | 100,369 | 99,520 | 100,831 | 100,973 | 100,639 | 100,569 | 100,162 | 100,485 | 100,140 | 99,434 | 99,418 | 99,169 | 99,604 | 99,570 | 98,452 | 99,266 | 98,618 | 94,869 | 81,863 | 93,183 | 70,475 |
income tax benefit | -5,711,000 | -2,244,000 | |||||||||||||||||||||||||
net loss and comprehensive loss | -23,317,000 | ||||||||||||||||||||||||||
basic net loss per share | -0.24 | ||||||||||||||||||||||||||
diluted net loss per share | -0.24 | ||||||||||||||||||||||||||
other expenses: | |||||||||||||||||||||||||||
loss on debt extinguishment and modification | 5,340,000 | ||||||||||||||||||||||||||
total other expenses | 6,982,000 | 6,439,000 | 5,559,000 | 3,176,000 | 1,450,000 | 4,226,000 | 4,766,000 | 11,259,000 | 5,612,000 | 4,798,000 | 5,149,000 | 3,682,000 | 3,786,000 | 3,950,000 | -48,000 | 3,906,000 | 4,106,000 | 4,833,000 | 5,270,000 | 6,032,000 | |||||||
basic earnings per share | 0.03 | 0.25 | 0.14 | 0.14 | 0.27 | 0.25 | 0.14 | 0.16 | 0.18 | 0.21 | 0.12 | 0.07 | 0.18 | 0.21 | 0.2 | 0.25 | 0.44 | 0.32 | 0.14 | 0.13 | 0.14 | ||||||
diluted earnings per share | 0.03 | 0.24 | 0.14 | 0.14 | 0.27 | 0.24 | 0.14 | 0.16 | 0.17 | 0.2 | 0.12 | 0.07 | 0.17 | 0.2 | 0.19 | 0.24 | 0.41 | 0.3 | 0.13 | 0.12 | 0.13 | ||||||
income from operations | 32,818,000 | 23,964,000 | 24,687,000 | 26,911,000 | 19,428,000 | 15,431,000 | 26,143,000 | 23,674,000 | 23,847,000 | 27,828,000 | 30,315,000 | 32,359,000 | 16,873,000 | 17,004,000 | 23,948,000 | 5,735,000 | |||||||||||
operating expenses: | |||||||||||||||||||||||||||
selling, general and administrative | 230,231,000 | 227,458,000 | 224,225,000 | 207,433,000 | 200,593,000 | 191,572,000 | 192,955,000 | 188,598,000 | 197,596,000 | 189,880,000 | 198,002,000 | 186,931,000 | 167,895,000 | 161,047,000 | 157,641,000 | ||||||||||||
depreciation and amortization | 18,776,000 | 19,406,000 | 18,791,000 | 18,233,000 | 18,361,000 | 17,495,000 | 16,959,000 | 15,543,000 | 15,188,000 | 14,131,000 | 13,215,000 | 12,945,000 | 9,793,000 | 13,200,000 | 12,594,000 | ||||||||||||
share-based compensation | 8,193,000 | 9,084,000 | 9,484,000 | 5,795,000 | 7,564,000 | 1,902,000 | 4,210,000 | 3,939,000 | 3,775,000 | 3,857,000 | 10,175,000 | 20,277,000 | |||||||||||||||
total operating expenses | 257,200,000 | 255,948,000 | 252,500,000 | 231,461,000 | 226,518,000 | 210,969,000 | 214,124,000 | 208,080,000 | 216,559,000 | 207,868,000 | 221,392,000 | 220,153,000 | 183,274,000 | 177,139,000 | 192,985,000 | ||||||||||||
other expenses | |||||||||||||||||||||||||||
gain on insurance recoveries | -3,970,000 | ||||||||||||||||||||||||||
loss on debt extinguishment | 318,500 | 1,274,000 | |||||||||||||||||||||||||
debt extinguishment and modification costs | 198,000 | 472,000 | 5,162,000 | ||||||||||||||||||||||||
stock-based compensation | 6,463,250 | 2,892,000 | 22,750,000 | ||||||||||||||||||||||||
other expense: | |||||||||||||||||||||||||||
total other expense | 6,695,000 | 7,814,000 | 20,614,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-01-03 | 2025-09-27 | 2025-06-28 | 2025-03-29 | 2024-12-28 | 2024-09-28 | 2024-06-29 | 2024-03-30 | 2023-12-30 | 2023-09-30 | 2023-07-01 | 2023-04-01 | 2022-12-31 | 2022-10-01 | 2022-07-02 | 2022-04-02 | 2022-01-01 | 2021-10-02 | 2021-07-03 | 2021-04-03 | 2021-01-02 | 2020-09-26 | 2020-06-27 | 2020-03-28 | 2019-12-28 | 2019-09-28 | 2019-06-29 |
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assets | |||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||
cash and cash equivalents | 69,602,000 | 52,125,000 | 55,190,000 | 50,910,000 | 62,828,000 | 68,653,000 | 67,065,000 | 66,885,000 | 114,987,000 | 155,663,000 | 87,570,000 | 82,115,000 | 102,728,000 | 107,277,000 | 84,260,000 | 137,996,000 | 140,085,000 | 155,976,000 | 126,623,000 | 95,292,000 | 105,326,000 | 59,082,000 | 79,803,000 | 160,936,000 | 28,101,000 | 44,020,000 | 18,677,000 |
independent operator receivables and current portion of independent operator notes, net of allowance 12,253 and 5,770 | 16,983,000 | ||||||||||||||||||||||||||
other accounts receivable, net of allowance 8 and 9 | 3,685,000 | ||||||||||||||||||||||||||
merchandise inventories | 381,961,000 | 417,846,000 | 398,225,000 | 386,170,000 | 394,152,000 | 396,893,000 | 367,313,000 | 362,730,000 | 349,993,000 | 308,605,000 | 320,344,000 | 316,397,000 | 334,319,000 | 331,891,000 | 318,424,000 | 297,394,000 | 275,502,000 | 245,844,000 | 248,172,000 | 243,270,000 | 245,157,000 | 252,777,000 | 229,273,000 | 188,346,000 | 219,420,000 | 206,418,000 | 202,715,000 |
prepaid expenses and other current assets | 25,409,000 | 28,335,000 | 27,397,000 | 26,524,000 | 26,701,000 | 30,651,000 | 24,259,000 | 29,954,000 | 32,443,000 | 27,076,000 | 17,930,000 | 15,725,000 | 15,137,000 | 17,186,000 | 14,532,000 | 14,160,000 | 16,780,000 | 18,967,000 | 17,845,000 | 17,519,000 | 20,081,000 | 20,958,000 | 12,514,000 | 12,606,000 | 13,453,000 | 17,331,000 | 17,212,000 |
total current assets | 497,640,000 | 517,458,000 | 501,535,000 | 484,910,000 | 503,898,000 | 513,972,000 | 475,268,000 | 478,400,000 | 516,551,000 | 514,489,000 | 440,292,000 | 427,207,000 | 467,357,000 | 468,577,000 | 429,034,000 | 461,132,000 | 442,745,000 | 430,405,000 | 401,990,000 | 364,651,000 | 381,957,000 | 344,663,000 | 334,833,000 | 373,094,000 | 270,826,000 | 277,991,000 | 247,619,000 |
independent operator notes and receivables, net of allowance 15,291 and 12,709 | 43,748,000 | ||||||||||||||||||||||||||
property and equipment | 742,961,000 | 818,130,000 | 806,740,000 | 786,174,000 | 750,423,000 | 730,514,000 | 712,764,000 | 680,614,000 | 642,462,000 | 626,976,000 | 592,322,000 | 574,225,000 | 560,746,000 | 537,678,000 | 522,392,000 | 510,123,000 | 499,387,000 | 484,718,000 | 471,285,000 | 458,313,000 | 433,652,000 | 399,159,000 | 378,076,000 | 366,429,000 | 356,614,000 | ||
operating lease right-of-use assets | 1,089,838,000 | 1,123,785,000 | 1,105,419,000 | 1,093,355,000 | 1,014,678,000 | 997,750,000 | 998,366,000 | 949,065,000 | 945,710,000 | 926,462,000 | 933,614,000 | 917,175,000 | 902,163,000 | 907,057,000 | 908,054,000 | 905,027,000 | 898,152,000 | 875,652,000 | 866,687,000 | 849,654,000 | 835,397,000 | 819,227,000 | 784,224,000 | 754,444,000 | 734,327,000 | ||
intangible assets | 78,375,000 | 80,098,000 | 80,681,000 | 79,951,000 | 78,778,000 | 77,256,000 | 76,887,000 | 80,189,000 | 78,556,000 | 76,958,000 | 73,084,000 | 68,713,000 | 63,993,000 | 60,676,000 | 56,789,000 | 53,472,000 | 51,921,000 | 49,242,000 | 48,806,000 | 47,765,000 | 48,226,000 | 46,747,000 | 46,966,000 | 47,526,000 | 47,792,000 | ||
goodwill | 633,835,000 | 782,835,000 | 782,835,000 | 782,835,000 | 782,734,000 | 776,585,000 | 776,832,000 | 747,943,000 | 747,943,000 | 747,943,000 | 747,943,000 | 747,943,000 | 747,943,000 | 747,943,000 | 747,943,000 | 747,943,000 | 747,943,000 | 747,943,000 | 747,943,000 | 747,943,000 | 747,943,000 | 747,943,000 | 747,943,000 | 747,943,000 | 747,943,000 | 747,943,000 | 747,943,000 |
other assets | 4,702,000 | 5,125,000 | 5,563,000 | 6,118,000 | 6,869,000 | 9,524,000 | 9,884,000 | 10,084,000 | 10,230,000 | 10,641,000 | 10,978,000 | 9,504,000 | 7,667,000 | 7,149,000 | 7,448,000 | 7,783,000 | 8,144,000 | 8,483,000 | 8,844,000 | 7,223,000 | 7,480,000 | 7,788,000 | 7,591,000 | 7,524,000 | 7,696,000 | 6,112,000 | 6,302,000 |
total assets | 3,091,099,000 | 3,368,638,000 | 3,322,376,000 | 3,271,437,000 | 3,173,821,000 | 3,138,517,000 | 3,080,676,000 | 2,974,531,000 | 2,969,586,000 | 2,929,459,000 | 2,823,091,000 | 2,769,681,000 | 2,772,404,000 | 2,751,029,000 | 2,693,396,000 | 2,707,046,000 | 2,669,808,000 | 2,617,668,000 | 2,565,752,000 | 2,498,737,000 | 2,485,624,000 | 2,394,266,000 | 2,324,293,000 | 2,319,097,000 | 2,185,529,000 | 2,134,846,000 | 2,081,598,000 |
liabilities and stockholders' equity | |||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||
trade accounts payable | 177,457,000 | 196,723,000 | 211,949,000 | 193,826,000 | 175,871,000 | 197,231,000 | 210,231,000 | 223,710,000 | 209,354,000 | 183,982,000 | 147,220,000 | 158,618,000 | 137,631,000 | 143,037,000 | 132,846,000 | 133,203,000 | 122,110,000 | 122,055,000 | 112,062,000 | 109,841,000 | 114,278,000 | 90,191,000 | 104,704,000 | 101,066,000 | 119,217,000 | 116,486,000 | 102,482,000 |
accrued and other current liabilities | 54,277,000 | 62,452,000 | 72,338,000 | 70,696,000 | 55,240,000 | 52,125,000 | 54,304,000 | 63,064,000 | 66,655,000 | 87,871,000 | 71,321,000 | 55,586,000 | 53,213,000 | 57,471,000 | 52,990,000 | 41,973,000 | |||||||||||
accrued compensation | 17,841,000 | 27,453,000 | 25,856,000 | 22,408,000 | 19,687,000 | 15,769,000 | 18,655,000 | 11,389,000 | 24,749,000 | 28,252,000 | 24,412,000 | 13,249,000 | 27,194,000 | 22,328,000 | 18,189,000 | 10,299,000 | 8,450,000 | 6,745,000 | 11,033,000 | 9,399,000 | 26,447,000 | 21,650,000 | 16,497,000 | 14,724,000 | 14,915,000 | 12,927,000 | 9,189,000 |
current portion of long-term debt | 15,000,000 | 18,750,000 | 18,750,000 | 16,875,000 | 15,000,000 | 9,375,000 | 5,625,000 | 5,625,000 | 5,625,000 | 5,625,000 | 5,625,000 | 5,625,000 | 68,000 | 112,000 | 179,000 | 246,000 | 267,000 | 267,000 | |||||||||
current lease liabilities | 87,324,000 | 80,468,000 | 76,577,000 | 73,979,000 | 72,905,000 | 66,659,000 | 71,940,000 | 63,932,000 | 63,774,000 | 63,333,000 | 61,053,000 | 58,754,000 | 54,586,000 | 55,698,000 | 50,142,000 | 49,317,000 | 51,136,000 | 46,013,000 | 44,813,000 | 35,382,000 | 48,675,000 | 45,793,000 | 43,383,000 | 41,281,000 | 38,245,000 | ||
income and other taxes payable | 12,097,000 | 12,848,000 | 9,518,000 | 10,909,000 | 10,921,000 | 11,125,000 | 7,924,000 | 14,340,000 | 13,808,000 | 14,650,000 | 11,376,000 | 9,107,000 | 7,890,000 | 8,914,000 | 6,265,000 | 7,450,000 | 7,185,000 | 7,945,000 | 6,805,000 | 6,353,000 | 7,547,000 | 4,973,000 | 10,543,000 | 5,363,000 | 4,641,000 | 4,141,000 | 2,210,000 |
total current liabilities | 363,996,000 | 398,694,000 | 414,988,000 | 388,693,000 | 349,624,000 | 352,284,000 | 368,679,000 | 382,060,000 | 383,965,000 | 383,713,000 | 321,007,000 | 300,939,000 | 280,514,000 | 287,448,000 | 260,432,000 | 242,242,000 | 237,906,000 | 228,461,000 | 213,893,000 | 197,054,000 | 232,646,000 | 195,978,000 | 207,908,000 | 192,490,000 | 208,627,000 | 206,231,000 | 176,270,000 |
long-term debt | 477,905,000 | 481,549,000 | 455,200,000 | 458,851,000 | 462,502,000 | 419,904,000 | 373,555,000 | 285,331,000 | 287,107,000 | 288,884,000 | 290,660,000 | 317,436,000 | 379,650,000 | 379,261,000 | 378,794,000 | 452,026,000 | 451,468,000 | 450,860,000 | 450,302,000 | 449,743,000 | 449,233,000 | 448,613,000 | 448,048,000 | 537,487,000 | 447,743,000 | ||
deferred income tax liabilities | 33,183,000 | 56,595,000 | 51,485,000 | 50,350,000 | 56,178,000 | 52,899,000 | 41,154,000 | 36,909,000 | 38,601,000 | 35,132,000 | 29,720,000 | 25,912,000 | 19,782,000 | 17,049,000 | 14,980,000 | 13,472,000 | 9,416,000 | 5,556,000 | 1,038,000 | ||||||||
long-term lease liabilities | 1,229,473,000 | 1,230,632,000 | 1,211,517,000 | 1,191,620,000 | 1,106,219,000 | 1,085,718,000 | 1,075,019,000 | 1,043,715,000 | 1,038,307,000 | 1,016,634,000 | 1,015,222,000 | 996,427,000 | 980,759,000 | 981,959,000 | 982,499,000 | 975,236,000 | 961,746,000 | 938,760,000 | 926,636,000 | 903,854,000 | 881,438,000 | 860,849,000 | 823,700,000 | 790,274,000 | 767,755,000 | ||
other long-term liabilities | 2,879,000 | 2,561,000 | 2,344,000 | 2,344,000 | 1,914,000 | 1,661,000 | 1,425,000 | 1,943,000 | 2,267,000 | 2,005,000 | 1,668,000 | 1,428,000 | 1,485,000 | ||||||||||||||
total liabilities | 2,107,436,000 | 2,170,031,000 | 2,135,534,000 | 2,091,858,000 | 1,976,437,000 | 1,912,466,000 | 1,859,832,000 | 1,749,958,000 | 1,750,247,000 | 1,726,368,000 | 1,658,277,000 | 1,642,142,000 | 1,662,190,000 | 1,665,717,000 | 1,636,705,000 | 1,682,976,000 | 1,660,536,000 | 1,623,637,000 | 1,591,869,000 | 1,550,651,000 | 1,563,317,000 | 1,505,440,000 | 1,490,892,000 | 1,534,469,000 | 1,440,145,000 | 1,403,968,000 | 1,364,910,000 |
commitments and contingencies | |||||||||||||||||||||||||||
stockholders' equity: | |||||||||||||||||||||||||||
common stock, par value 0.001 per share... | 98,000 | 98,000 | 98,000 | 98,000 | 97,000 | 99,000 | 99,000 | 100,000 | 99,000 | 99,000 | 99,000 | 98,000 | 98,000 | 97,000 | 97,000 | 96,000 | |||||||||||
series a preferred stock, par value 0.001 per share... | |||||||||||||||||||||||||||
additional paid-in capital | 827,048,000 | 823,831,000 | 823,671,000 | 821,369,000 | 815,858,000 | 846,834,000 | 865,805,000 | 883,534,000 | 877,276,000 | 875,134,000 | 863,997,000 | 851,194,000 | 847,589,000 | 838,577,000 | 827,451,000 | 814,925,000 | 811,701,000 | 803,099,000 | 800,090,000 | 793,933,000 | 787,047,000 | 777,831,000 | 762,883,000 | 743,444,000 | 717,282,000 | ||
retained earnings | 156,517,000 | 374,678,000 | 363,073,000 | 358,112,000 | 381,429,000 | 379,118,000 | 354,940,000 | 340,939,000 | 341,964,000 | 327,858,000 | 300,718,000 | 276,247,000 | 262,527,000 | 246,638,000 | 229,143,000 | 209,049,000 | 197,475,000 | 190,836,000 | 173,697,000 | 154,057,000 | 135,165,000 | 110,901,000 | 70,427,000 | 41,094,000 | 28,013,000 | 17,803,000 | 5,400,000 |
total stockholders' equity | 983,663,000 | 1,198,607,000 | 1,186,842,000 | 1,179,579,000 | 1,197,384,000 | 1,226,051,000 | 1,220,844,000 | 1,224,573,000 | 1,219,339,000 | 1,203,091,000 | 1,164,814,000 | 1,127,539,000 | 1,110,214,000 | 1,085,312,000 | 1,056,691,000 | 1,024,070,000 | 1,009,272,000 | 994,031,000 | 973,883,000 | ||||||||
total liabilities and stockholders' equity | 3,091,099,000 | 3,368,638,000 | 3,322,376,000 | 3,271,437,000 | 3,173,821,000 | 3,138,517,000 | 3,080,676,000 | 2,974,531,000 | 2,969,586,000 | 2,929,459,000 | 2,823,091,000 | 2,769,681,000 | 2,772,404,000 | 2,751,029,000 | 2,693,396,000 | 2,707,046,000 | 2,669,808,000 | 2,617,668,000 | 2,565,752,000 | ||||||||
independent operator receivables and current portion of independent operator notes, net of allowance 11,551 and 5,770 | 15,511,000 | ||||||||||||||||||||||||||
other accounts receivable, net of allowance 9 and 9 | 3,641,000 | 4,544,000 | |||||||||||||||||||||||||
independent operator notes and receivables, net of allowance 14,015 and 12,709 | 41,207,000 | ||||||||||||||||||||||||||
independent operator receivables and current portion of independent operator notes, net of allowance 9,780 and 5,770 | 16,179,000 | ||||||||||||||||||||||||||
independent operator notes and receivables, net of allowance 13,398 and 12,709 | 39,603,000 | ||||||||||||||||||||||||||
independent operator receivables and current portion of independent operator notes, net of allowance 8,705 and 5,770 | 15,834,000 | ||||||||||||||||||||||||||
other accounts receivable, net of allowance 5 and 9 | 5,472,000 | ||||||||||||||||||||||||||
independent operator notes and receivables, net of allowance 12,906 and 12,709 | 38,094,000 | ||||||||||||||||||||||||||
independent operator receivables and current portion of independent operator notes, net of allowance 5,770 and 5,092 | 16,051,000 | ||||||||||||||||||||||||||
other accounts receivable, net of allowance 9 and 2 | 4,166,000 | ||||||||||||||||||||||||||
independent operator notes and receivables, net of allowance 12,709 and 11,059 | 36,441,000 | ||||||||||||||||||||||||||
independent operator receivables and current portion of independent operator notes, net of allowance 5,538 and 5,092 | 13,539,000 | ||||||||||||||||||||||||||
other accounts receivable, net of allowance 59 and 2 | 4,236,000 | ||||||||||||||||||||||||||
independent operator notes and receivables, net of allowance 12,125 and 11,059 | 32,916,000 | ||||||||||||||||||||||||||
independent operator receivables and current portion of independent operator notes, net of allowance 5,378 and 5,092 | 12,243,000 | ||||||||||||||||||||||||||
other accounts receivable, net of allowance 58 and 2 | 4,388,000 | ||||||||||||||||||||||||||
independent operator notes and receivables, net of allowance 11,186 and 11,059 | 30,675,000 | ||||||||||||||||||||||||||
independent operator receivables and current portion of independent operator notes, net of allowance 4,744 and 5,092 | 13,347,000 | ||||||||||||||||||||||||||
other accounts receivable, net of allowance 32 and 2 | 5,484,000 | ||||||||||||||||||||||||||
independent operator notes and receivables, net of allowance 11,263 and 11,059 | 28,236,000 | ||||||||||||||||||||||||||
independent operator receivables and current portion of independent operator notes, net of allowance 5,092 and 2,238 | 14,943,000 | ||||||||||||||||||||||||||
other accounts receivable, net of allowance 2 and 7 | 4,185,000 | ||||||||||||||||||||||||||
independent operator notes and receivables, net of allowance 11,059 and 12,509 | 28,134,000 | ||||||||||||||||||||||||||
independent operator receivables and current portion of independent operator notes, net of allowance 5,024 and 2,238 | 9,269,000 | ||||||||||||||||||||||||||
other accounts receivable, net of allowance 77 and 7 | 13,876,000 | ||||||||||||||||||||||||||
independent operator notes and receivables, net of allowance 11,351 and 12,509 | 25,990,000 | ||||||||||||||||||||||||||
independent operator receivables and current portion of independent operator notes, net of allowance 5,603 and 2,238 | 9,300,000 | ||||||||||||||||||||||||||
other accounts receivable, net of allowance 51 and 7 | 5,148,000 | ||||||||||||||||||||||||||
independent operator notes and receivables, net of allowance 10,792 and 12,509 | 24,858,000 | ||||||||||||||||||||||||||
independent operator receivables and current portion of independent operator notes, net of allowance 5,273 and 2,238 | 8,693,000 | ||||||||||||||||||||||||||
other accounts receivable, net of allowance 28 and 7 | 4,277,000 | ||||||||||||||||||||||||||
independent operator notes and receivables, net of allowance 10,684 and 12,509 | 24,914,000 | ||||||||||||||||||||||||||
independent operator receivables and current portion of independent operator notes, net of allowance 2,238 and 1,406 | 10,805,000 | ||||||||||||||||||||||||||
other accounts receivable, net of allowance 7 and 57 | 4,368,000 | ||||||||||||||||||||||||||
independent operator notes, net of allowance 12,509 and 10,506 | 22,535,000 | ||||||||||||||||||||||||||
independent operator receivables and current portion of independent operator notes, net of allowance 1,993 and 1,406 | 9,097,000 | ||||||||||||||||||||||||||
other accounts receivable, net of allowance 88 and 57 | 3,126,000 | ||||||||||||||||||||||||||
independent operator notes, net of allowance 11,469 and 10,506 | 21,949,000 | ||||||||||||||||||||||||||
independent operator receivables and current portion of independent operator notes, net of allowance 1,885 and 1,406 | 8,135,000 | ||||||||||||||||||||||||||
other accounts receivable, net of allowance 79 and 57 | 3,683,000 | ||||||||||||||||||||||||||
independent operator notes, net of allowance 11,212 and 10,506 | 21,736,000 | ||||||||||||||||||||||||||
independent operator receivables and current portion of independent operator notes, net of allowance 1,616 and 1,406 | 8,349,000 | ||||||||||||||||||||||||||
other accounts receivable, net of allowance 68 and 57 | 3,233,000 | ||||||||||||||||||||||||||
independent operator notes, net of allowance 10,931 and 10,506 | 21,566,000 | ||||||||||||||||||||||||||
independent operator receivables and current portion of independent operator notes, net of allowance 1,406 and 985 | 7,219,000 | ||||||||||||||||||||||||||
other accounts receivable, net of allowance 57 and 39 | 3,159,000 | ||||||||||||||||||||||||||
independent operator notes, net of allowance 10,506 and 7,124 | 21,516,000 | ||||||||||||||||||||||||||
deferred income tax assets | 2,500,000 | 3,529,000 | 2,976,000 | ||||||||||||||||||||||||
accrued expenses | 49,025,000 | 45,703,000 | 39,180,000 | 36,079,000 | 35,699,000 | 33,303,000 | 32,669,000 | 29,877,000 | 31,363,000 | 33,364,000 | 25,973,000 | ||||||||||||||||
voting common stock, par value 0.001 per share... | 96,000 | 96,000 | 96,000 | 96,000 | 95,000 | 94,000 | 91,000 | 90,000 | |||||||||||||||||||
independent operator receivables and current portion of independent operator notes, net of allowance 1,266 and 985 | 6,003,000 | ||||||||||||||||||||||||||
other accounts receivable, net of allowance 7 and 39 | 3,615,000 | ||||||||||||||||||||||||||
independent operator notes, net of allowance 10,029 and 7,124 | 21,225,000 | ||||||||||||||||||||||||||
independent operator receivables and current portion of independent operator notes, net of allowance 1,216 and 985 | 6,286,000 | ||||||||||||||||||||||||||
other accounts receivable, net of allowance 28 and 39 | 3,064,000 | ||||||||||||||||||||||||||
independent operator notes, net of allowance 8,961 and 7,124 | 20,197,000 | ||||||||||||||||||||||||||
independent operator receivables and current portion of independent operator notes, net of allowance 1,176 and 985 | 5,925,000 | ||||||||||||||||||||||||||
other accounts receivable, net of allowance 94 and 39 | 2,645,000 | ||||||||||||||||||||||||||
independent operator notes, net of allowance 7,827 and 7,124 | 20,688,000 | ||||||||||||||||||||||||||
liabilities and stockholders’ equity | |||||||||||||||||||||||||||
stockholders’ equity: | |||||||||||||||||||||||||||
total stockholders’ equity | 948,086,000 | 922,307,000 | 888,826,000 | 833,401,000 | 784,628,000 | 745,384,000 | 730,878,000 | 716,688,000 | |||||||||||||||||||
total liabilities and stockholders’ equity | 2,498,737,000 | 2,485,624,000 | 2,394,266,000 | 2,324,293,000 | 2,319,097,000 | 2,185,529,000 | 2,134,846,000 | 2,081,598,000 | |||||||||||||||||||
independent operator receivables and current portion of independent operator notes, net of allowance 985 and 1,283 | 5,443,000 | ||||||||||||||||||||||||||
other accounts receivable, net of allowance 39 and 19 | 5,950,000 | ||||||||||||||||||||||||||
independent operator notes, net of allowance 7,124 and 9,088 | 27,440,000 | ||||||||||||||||||||||||||
independent operator receivables and current portion of independent operator notes, net of allowance 1,156 and 1,283 | 6,122,000 | ||||||||||||||||||||||||||
other accounts receivable, net of allowance 32 and 19 | 5,724,000 | ||||||||||||||||||||||||||
independent operator notes, net of allowance 8,360 and 9,088 | 25,763,000 | ||||||||||||||||||||||||||
independent operator receivables and current portion of independent operator notes, net of allowance 1,114 and 1,283 | 6,783,000 | ||||||||||||||||||||||||||
other accounts receivable, net of allowance 44 and 19 | 6,460,000 | ||||||||||||||||||||||||||
independent operator notes, net of allowance 8,064 and 9,088 | 24,660,000 | ||||||||||||||||||||||||||
deferred income taxes | 11,236,000 | 14,218,000 | 16,020,000 | 15,924,000 | 12,348,000 | ||||||||||||||||||||||
independent operator receivables and current portion of independent operator notes, net of allowance 1,377 and 1,283 | 7,736,000 | ||||||||||||||||||||||||||
other accounts receivable, net of allowance 22 and 19 | 3,470,000 | ||||||||||||||||||||||||||
independent operator notes, net of allowance 9,215 and 9,088 | 22,137,000 | ||||||||||||||||||||||||||
independent operator receivables and current portion of independent operator notes, net of allowance 1,283 and 1,141 | 7,003,000 | ||||||||||||||||||||||||||
other accounts receivable, net of allowance 19 and 24 | 2,849,000 | ||||||||||||||||||||||||||
prepaid rent, related party | |||||||||||||||||||||||||||
independent operator notes, net of allowance 9,088 and 7,926 | 20,331,000 | ||||||||||||||||||||||||||
long-term liabilities: | |||||||||||||||||||||||||||
deferred rent | |||||||||||||||||||||||||||
voting common stock, par value 0.001, 500,000,000 and 107,536,215 shares authorized, respectively; 89,005,062 and 67,435,288 shares issued and outstanding, respectively | 89,000 | ||||||||||||||||||||||||||
nonvoting common stock, par value 0.001, 0 and 17,463,785 shares authorized, respectively; 0 and 1,038,413 shares issued and outstanding, respectively | |||||||||||||||||||||||||||
series a preferred stock, par value 0.001, 50,000,000 and 1 share authorized, respectively; 0 and 1 share issued and outstanding, respectively | |||||||||||||||||||||||||||
independent operator receivables and current portion of independent operator notes, net of allowance 1,274 and 1,141 | 6,594,000 | ||||||||||||||||||||||||||
other accounts receivable, net of allowance 16 and 24 | 3,116,000 | 1,707,000 | |||||||||||||||||||||||||
prepaid rent — related party | 512,000 | 512,000 | |||||||||||||||||||||||||
independent operator notes, net of allowance 9,195 and 7,926 | 18,268,000 | ||||||||||||||||||||||||||
property and equipment — net | 340,263,000 | 322,472,000 | |||||||||||||||||||||||||
operating lease right-of-use asset | 680,178,000 | 676,191,000 | |||||||||||||||||||||||||
intangible assets — net | 64,091,000 | 65,400,000 | |||||||||||||||||||||||||
current lease liability | 39,046,000 | 36,149,000 | |||||||||||||||||||||||||
long-term debt — net | 462,251,000 | 462,119,000 | |||||||||||||||||||||||||
lease liability | 719,562,000 | 714,173,000 | |||||||||||||||||||||||||
capital stock: | |||||||||||||||||||||||||||
common stock — par value 0.001, voting common stock, 500,000,000 and 107,536,215 shares authorized as of september 28, 2019 and december 29, 2018, respectively; 88,372,134 and 67,435,288 shares issued and outstanding as of september 28, 2019 and december 29, 2018, respectively | 88,000 | ||||||||||||||||||||||||||
common stock — par value 0.001, nonvoting common stock, 0 and 17,463,785 shares authorized as of september 28 2019 and december 29, 2018, respectively; 0 and 1,038,413 shares issued and outstanding as of september 28, 2019 and december 29, 2018, respectively | |||||||||||||||||||||||||||
series a preferred stock — par value 0.001, preferred stock, 50,000,000 and 1 share authorized as of september 28, 2019 and december 29, 2018, respectively; 0 and 1 share issued and outstanding as of september 28,, 2019 and december 29, 2018, respectively | |||||||||||||||||||||||||||
additional capital | 712,987,000 | 711,200,000 | |||||||||||||||||||||||||
independent operator receivables and current portion of independent operator notes, net of allowance 1,300 and 1,141 | 6,796,000 | ||||||||||||||||||||||||||
independent operator notes, net of allowance 9,356 and 7,926 | 15,671,000 | ||||||||||||||||||||||||||
common stock — par value 0.001, voting common stock, 500,000,000 and 107,536,215 shares authorized as of june 29, 2019 and december 29, 2018, respectively; 88,311,764 and 67,435,288 shares issued and outstanding as of june 29, 2019 and december 29, 2018, respectively | 88,000 | ||||||||||||||||||||||||||
common stock — par value 0.001, nonvoting common stock, 0 and 17,463,785 shares authorized as of june 29, 2019 and december 29, 2018, respectively; 0 and 1,038,413 shares issued and outstanding as of june 29, 2019 and december 29, 2018, respectively | |||||||||||||||||||||||||||
series a preferred stock — par value 0.001, preferred stock, 50,000,000 and 1 share authorized as of june 29, 2019 and december 29, 2018, respectively; 0 and 1 share issued and outstanding as of june 29, 2019 and december 29, 2018, respectively |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-01-03 | 2025-09-27 | 2025-06-28 | 2025-03-29 | 2024-12-28 | 2024-09-28 | 2024-06-29 | 2024-03-30 | 2023-12-30 | 2023-09-30 | 2023-07-01 | 2023-04-01 | 2022-12-31 | 2022-10-01 | 2022-07-02 | 2022-04-02 | 2022-01-01 | 2021-10-02 | 2021-07-03 | 2021-04-03 | 2021-01-02 | 2020-09-26 | 2020-06-27 | 2020-03-28 | 2019-12-28 | 2019-09-28 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||||||
net income | -218,161,000 | 11,605,000 | 2,311,000 | 24,178,000 | 14,001,000 | -1,025,000 | 14,106,000 | 27,140,000 | 24,471,000 | 13,720,000 | 15,889,000 | 17,495,000 | 20,094,000 | 11,574,000 | 6,639,000 | 17,139,000 | 19,640,000 | 18,892,000 | 24,264,000 | 40,474,000 | 29,333,000 | 12,642,000 | 9,832,000 | 12,445,000 | ||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||
depreciation of property and equipment | 29,521,000 | 27,257,000 | 25,855,000 | 24,977,000 | 24,017,000 | 23,268,000 | 22,507,000 | 20,955,000 | 20,588,000 | 19,043,000 | 18,660,000 | 18,309,000 | 17,384,000 | 18,254,000 | 17,693,000 | 17,120,000 | 17,206,000 | 16,267,000 | 15,748,000 | 14,221,000 | 13,977,000 | 12,940,000 | 12,044,000 | 11,788,000 | ||
amortization of intangible and other assets | 6,246,000 | 6,133,000 | 5,479,000 | 4,920,000 | 4,940,000 | 4,547,000 | 4,038,000 | 3,934,000 | 3,713,000 | 2,843,000 | 2,460,000 | 2,366,000 | 2,169,000 | 1,900,000 | 1,861,000 | 1,870,000 | 1,873,000 | 1,967,000 | 1,919,000 | 1,923,000 | 1,821,000 | 1,856,000 | 1,843,000 | 1,782,000 | ||
amortization of debt issuance costs and debt discounts | 245,000 | 228,000 | 227,000 | 228,000 | 227,000 | 228,000 | 227,000 | 228,000 | 228,000 | 228,000 | 227,000 | 401,000 | 628,000 | 628,000 | 627,000 | 628,000 | ||||||||||
non-cash rent | 1,084,000 | 1,125,000 | 2,858,000 | 2,163,000 | 1,219,000 | 1,773,000 | 866,000 | 922,000 | 1,082,000 | 1,439,000 | 1,561,000 | 1,144,000 | ||||||||||||||
loss on debt extinguishment and modification | 0 | 0 | 0 | 5,340,000 | ||||||||||||||||||||||
impairment of long-lived assets | 109,981,000 | 735,000 | 9,048,000 | 1,728,000 | ||||||||||||||||||||||
goodwill impairment | ||||||||||||||||||||||||||
share-based compensation | 3,083,000 | -10,000 | 1,960,000 | 5,458,000 | -6,290,000 | 1,663,000 | 7,001,000 | 8,142,000 | 5,575,000 | 7,535,000 | 11,305,000 | 6,676,000 | 8,193,000 | 9,084,000 | 9,484,000 | 5,795,000 | 7,564,000 | 1,902,000 | 4,210,000 | 3,939,000 | 3,775,000 | 3,857,000 | 10,175,000 | 20,277,000 | ||
provision for independent operator and other accounts receivable reserves | 3,513,000 | 2,700,000 | 3,295,000 | 3,283,000 | 1,716,000 | 1,190,000 | 1,364,000 | 583,000 | ||||||||||||||||||
deferred income taxes | -23,412,000 | 5,110,000 | 1,135,000 | -5,828,000 | -1,699,000 | 11,745,000 | 3,769,000 | -1,692,000 | 3,469,000 | 5,412,000 | 3,808,000 | 6,130,000 | 2,734,000 | 2,069,000 | 1,508,000 | 4,056,000 | 3,859,000 | 4,518,000 | 3,538,000 | 1,029,000 | -582,000 | -14,213,000 | -2,982,000 | -1,801,000 | 83,000 | 3,576,000 |
other | 1,362,000 | 215,000 | 1,019,000 | 143,000 | 100,000 | 170,000 | 381,000 | 364,000 | 10,000 | 135,000 | 237,000 | 105,000 | 286,000 | 344,000 | 184,000 | 362,000 | 301,000 | 186,000 | 287,000 | 477,000 | 533,000 | 255,000 | 1,164,000 | 2,000 | ||
changes in operating assets and liabilities: | ||||||||||||||||||||||||||
independent operator and other accounts receivable | -5,869,000 | -727,000 | -1,934,000 | -2,627,000 | -5,480,000 | -3,041,000 | -235,000 | 1,241,000 | 2,897,000 | -10,533,000 | -1,387,000 | -2,008,000 | -3,721,000 | -895,000 | -862,000 | -1,752,000 | -905,000 | -985,000 | -613,000 | 2,482,000 | -1,134,000 | 3,435,000 | -4,025,000 | -3,219,000 | -6,462,000 | -397,000 |
merchandise inventories | 35,885,000 | -19,621,000 | -12,055,000 | 7,982,000 | 2,741,000 | -29,580,000 | 9,625,000 | -12,737,000 | -41,388,000 | 11,739,000 | -3,947,000 | 17,922,000 | -2,428,000 | -13,467,000 | -21,030,000 | -21,892,000 | -29,658,000 | 2,328,000 | -4,902,000 | 1,887,000 | 7,620,000 | -23,503,000 | -40,927,000 | 31,073,000 | -13,001,000 | -3,704,000 |
prepaid expenses and other assets | 3,020,000 | -827,000 | -778,000 | 448,000 | 2,905,000 | -6,233,000 | 8,668,000 | 2,305,000 | 1,096,000 | -9,155,000 | -2,260,000 | -397,000 | ||||||||||||||
income and other taxes payable | -751,000 | 3,330,000 | -1,391,000 | -12,000 | -341,000 | 3,201,000 | -7,158,000 | 532,000 | -842,000 | 3,274,000 | 2,269,000 | 1,217,000 | -1,024,000 | 2,649,000 | -1,185,000 | 265,000 | -760,000 | 1,140,000 | 452,000 | -1,194,000 | 2,574,000 | -5,569,000 | 5,179,000 | 722,000 | 607,000 | 2,044,000 |
trade accounts payable | -19,470,000 | -14,216,000 | 18,866,000 | 16,916,000 | 16,613,000 | |||||||||||||||||||||
accrued and other liabilities | -4,201,000 | -10,805,000 | 5,736,000 | 14,748,000 | ||||||||||||||||||||||
accrued compensation | -9,612,000 | 1,597,000 | 3,448,000 | 2,620,000 | 3,738,000 | |||||||||||||||||||||
operating lease liabilities | 10,830,000 | 3,447,000 | 5,896,000 | 5,108,000 | 7,511,000 | 4,372,000 | 4,321,000 | 1,521,000 | -4,443,000 | 9,552,000 | 1,657,000 | 3,995,000 | ||||||||||||||
net cash from operating activities | 72,294,000 | 17,276,000 | 73,625,000 | 58,938,000 | 39,498,000 | 23,027,000 | 41,597,000 | 7,841,000 | 27,229,000 | 119,098,000 | 69,488,000 | 87,632,000 | 45,651,000 | 55,133,000 | 48,398,000 | 36,329,000 | 23,822,000 | 56,626,000 | 58,726,000 | 26,413,000 | 81,976,000 | 9,205,000 | 22,236,000 | 67,820,000 | 28,345,000 | 64,772,000 |
capital expenditures | -39,820,000 | -38,844,000 | -59,217,000 | -60,452,000 | -59,111,000 | -42,369,000 | -38,865,000 | -46,266,000 | -56,074,000 | -46,891,000 | -33,131,000 | -32,894,000 | -45,123,000 | -27,041,000 | -26,209,000 | -32,109,000 | -33,809,000 | -25,587,000 | -27,418,000 | -36,570,000 | -39,073,000 | -35,875,000 | 0 | -28,173,000 | -25,770,000 | -31,618,000 |
free cash flows | 32,474,000 | -21,568,000 | 14,408,000 | -1,514,000 | -19,613,000 | -19,342,000 | 2,732,000 | -38,425,000 | -28,845,000 | 72,207,000 | 36,357,000 | 54,738,000 | 528,000 | 28,092,000 | 22,189,000 | 4,220,000 | -9,987,000 | 31,039,000 | 31,308,000 | -10,157,000 | 42,903,000 | -26,670,000 | 22,236,000 | 39,647,000 | 2,575,000 | 33,154,000 |
cash flows from investing activities: | ||||||||||||||||||||||||||
advances to independent operators | -2,767,000 | -3,307,000 | -3,219,000 | -4,329,000 | -3,098,000 | -2,725,000 | -2,409,000 | -3,132,000 | -2,986,000 | -2,039,000 | -1,993,000 | -1,547,000 | -2,845,000 | -2,186,000 | -2,386,000 | -2,402,000 | -2,410,000 | -2,669,000 | -2,286,000 | -2,659,000 | -1,657,000 | |||||
repayments of advances from independent operators | 1,065,000 | 1,303,000 | 931,000 | 931,000 | 894,000 | 1,192,000 | 1,189,000 | 1,503,000 | 964,000 | 1,219,000 | 1,541,000 | 2,010,000 | 1,484,000 | 1,742,000 | 2,024,000 | 1,667,000 | 982,000 | 1,117,000 | 1,276,000 | 1,188,000 | 1,577,000 | |||||
business acquisition, net of cash and cash equivalents acquired | 0 | 248,000 | ||||||||||||||||||||||||
purchases of property and equipment | -39,820,000 | -38,844,000 | -59,217,000 | -60,452,000 | -59,111,000 | -42,369,000 | -38,865,000 | -46,266,000 | -56,074,000 | -46,891,000 | -33,131,000 | -32,894,000 | -45,123,000 | -27,041,000 | -26,209,000 | -32,109,000 | -33,809,000 | -25,587,000 | -27,418,000 | -36,570,000 | -39,073,000 | -35,875,000 | ||||
proceeds from sales of assets | 0 | 0 | 4,000 | 20,000 | 5,000 | 5,000 | 0 | 29,000 | 13,000 | 4,000 | 3,000 | 17,000 | 4,000 | 49,000 | 137,000 | 79,000 | -94,000 | 69,000 | ||||||||
investments in intangible assets and licenses | -5,621,000 | -5,567,000 | -5,967,000 | -4,834,000 | -7,018,000 | -6,755,000 | -3,540,000 | -2,992,000 | -5,138,000 | -5,553,000 | -4,373,000 | -7,936,000 | -4,225,000 | -6,369,000 | -3,285,000 | -2,707,000 | ||||||||||
proceeds from insurance recoveries - property and equipment | 99,000 | 318,000 | 0 | 0 | ||||||||||||||||||||||
net cash from investing activities | -47,104,000 | -46,415,000 | -67,472,000 | -68,684,000 | -68,350,000 | -50,392,000 | -104,399,000 | -50,887,000 | -63,135,000 | -52,946,000 | -37,737,000 | -40,347,000 | -50,704,000 | -33,849,000 | -29,856,000 | -35,522,000 | -40,430,000 | -28,064,000 | -29,055,000 | -39,164,000 | -40,879,000 | -40,737,000 | -22,377,000 | -29,793,000 | -28,086,000 | -35,410,000 |
cash flows from financing activities: | ||||||||||||||||||||||||||
proceeds from exercise of stock options | 135,000 | 170,000 | 342,000 | 53,000 | 585,000 | 4,516,000 | 302,000 | 3,442,000 | 107,000 | 4,273,000 | 1,374,000 | 204,000 | 892,000 | 2,042,000 | 3,069,000 | 887,000 | 1,088,000 | 1,146,000 | 2,039,000 | 2,953,000 | ||||||
tax withholding related to net settlement of employee share-based awards | 0 | -88,000 | ||||||||||||||||||||||||
proceeds from senior term loan due 2028 | 0 | 0 | 300,000,000 | |||||||||||||||||||||||
proceeds from revolving credit facility | 20,000,000 | 30,000,000 | 0 | 20,000,000 | 50,000,000 | 50,000,000 | 0 | 0 | 0 | 25,000,000 | ||||||||||||||||
principal payments on revolving credit facility | -20,000,000 | 0 | 0 | -20,000,000 | 0 | 0 | ||||||||||||||||||||
principal payments on senior term loan due 2025 | 0 | 0 | 0 | -385,000,000 | ||||||||||||||||||||||
principal payments on senior term loan due 2028 | -7,500,000 | -3,750,000 | -1,875,000 | -1,875,000 | -1,875,000 | 0 | -1,875,000 | -1,875,000 | -1,875,000 | -1,875,000 | ||||||||||||||||
principal payments on finance leases | -348,000 | -346,000 | -340,000 | -350,000 | -636,000 | -529,000 | -412,000 | -382,000 | -378,000 | -369,000 | -331,000 | -320,000 | -309,000 | -321,000 | -325,000 | |||||||||||
repurchase of common stock | -25,047,000 | -25,034,000 | -25,033,000 | -6,241,000 | -2,618,000 | 0 | 0 | -3,275,000 | 0 | 0 | 0 | -3,451,000 | ||||||||||||||
dividends paid | -6,000 | 0 | -72,000 | 0 | -26,000 | -7,000 | -50,000 | -39,000 | -92,000 | -5,000 | -29,000 | -161,000 | -97,000 | -147,000 | -3,266,000 | -42,000 | ||||||||||
debt issuance costs paid | 0 | 0 | -6,000 | -4,507,000 | 0 | 0 | -1,000 | -700,000 | 0 | -679,000 | ||||||||||||||||
net cash from financing activities | -7,713,000 | 26,074,000 | -1,873,000 | -2,172,000 | 23,027,000 | 28,953,000 | 62,982,000 | -5,056,000 | -4,770,000 | 1,941,000 | -26,296,000 | -67,898,000 | 504,000 | 1,733,000 | -72,278,000 | -2,896,000 | 717,000 | 791,000 | 1,660,000 | 2,717,000 | 5,147,000 | 10,811,000 | -80,992,000 | 94,808,000 | -16,178,000 | -4,019,000 |
net increase in cash and cash equivalents | -5,825,000 | -40,676,000 | -4,549,000 | 23,017,000 | -15,891,000 | 29,353,000 | 31,331,000 | -10,034,000 | 46,244,000 | -20,721,000 | -81,133,000 | 132,835,000 | -15,919,000 | 25,343,000 | ||||||||||||
cash and cash equivalents at beginning of period | 0 | 0 | 0 | 62,828,000 | 0 | 0 | 0 | 114,987,000 | 0 | 0 | 0 | 102,728,000 | 0 | 0 | 0 | 140,085,000 | 0 | 0 | 0 | 105,326,000 | 0 | 0 | 0 | 28,101,000 | ||
cash and cash equivalents at end of period | 17,477,000 | -3,065,000 | 4,280,000 | 50,910,000 | -5,825,000 | 1,588,000 | 180,000 | 66,885,000 | -40,676,000 | 68,093,000 | 5,455,000 | 82,115,000 | -4,549,000 | 23,017,000 | -53,736,000 | 137,996,000 | -15,891,000 | 29,353,000 | 31,331,000 | 95,292,000 | 46,244,000 | -20,721,000 | -81,133,000 | 160,936,000 | ||
supplemental disclosure of cash flow information: | ||||||||||||||||||||||||||
cash paid for interest, net of amounts capitalized | ||||||||||||||||||||||||||
income taxes paid in cash | ||||||||||||||||||||||||||
purchases of property and equipment accrued at end of period | ||||||||||||||||||||||||||
investments in intangible assets accrued at end of period | ||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -3,065,000 | 4,280,000 | -11,918,000 | 180,000 | -48,102,000 | 5,455,000 | -20,613,000 | -2,089,000 | ||||||||||||||||||
net loss | -23,317,000 | |||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||
income taxes paid (refunded) in cash | ||||||||||||||||||||||||||
property and equipment accrued at end of period | 5,150,000 | -2,436,000 | ||||||||||||||||||||||||
intangible assets accrued at end of period | ||||||||||||||||||||||||||
trade accounts payable, accrued compensation and other liabilities | -14,454,000 | -27,778,000 | -17,432,000 | 20,241,000 | 49,823,000 | 9,642,000 | 11,343,000 | -88,000 | 12,824,000 | 13,018,000 | 9,340,000 | |||||||||||||||
gain on insurance recoveries | 0 | 0 | ||||||||||||||||||||||||
proceeds from insurance recoveries - business interruption and inventory | 0 | 0 | ||||||||||||||||||||||||
proceeds from term loan due 2028 | ||||||||||||||||||||||||||
acquisition of equipment in exchange for reduction of independent operator notes and independent operator receivables | ||||||||||||||||||||||||||
provision for accounts receivable reserves | 623,000 | 785,000 | 1,369,000 | |||||||||||||||||||||||
provision for (write-off of) accounts receivable reserves | ||||||||||||||||||||||||||
proceeds from revolving credit facility loan | 0 | 0 | ||||||||||||||||||||||||
principal payments on revolving credit facility loan | 0 | 0 | ||||||||||||||||||||||||
payments made for net settlement of employee share-based compensation awards | ||||||||||||||||||||||||||
principal payments on senior term loan | 0 | 0 | ||||||||||||||||||||||||
principal payments on other borrowings | -321,000 | -316,000 | -287,000 | -231,000 | -295,000 | -282,000 | -256,000 | -191,000 | ||||||||||||||||||
cash paid for interest | ||||||||||||||||||||||||||
amortization of debt issuance costs and discounts | 537,000 | 562,000 | 628,000 | |||||||||||||||||||||||
loss on debt extinguishment | 0 | |||||||||||||||||||||||||
provision for accounts receivable | 721,000 | 819,000 | 1,233,000 | 1,240,000 | 1,334,000 | 955,000 | -777,000 | 372,000 | -899,000 | 848,000 | ||||||||||||||||
prepaid expenses and other current assets | -2,654,000 | -372,000 | 2,620,000 | 2,187,000 | -1,122,000 | -326,000 | 2,562,000 | 877,000 | -8,443,000 | 91,000 | 847,000 | 4,769,000 | -232,000 | |||||||||||||
changes in operating lease assets and liabilities | 6,272,000 | 5,350,000 | 5,110,000 | 5,899,000 | 4,665,000 | 13,500,000 | -4,930,000 | 7,545,000 | 4,288,000 | 5,613,000 | 5,518,000 | |||||||||||||||
debt extinguishment and modification costs | 0 | 0 | 0 | 198,000 | 0 | 472,000 | ||||||||||||||||||||
provision for independent operator notes, independent operator receivables and other accounts receivable | ||||||||||||||||||||||||||
trade accounts payable, accrued compensation and other accrued expenses | 7,705,000 | 6,753,000 | 5,179,000 | -16,458,000 | 20,323,000 | -7,178,000 | 6,045,000 | -14,412,000 | ||||||||||||||||||
proceeds from initial public offering, net of underwriting discounts paid | 0 | |||||||||||||||||||||||||
other direct costs paid related to the initial public offering | ||||||||||||||||||||||||||
principal payments on term loans | 0 | -1,000 | 0 | -187,000 | ||||||||||||||||||||||
intangible assets and licenses | -929,000 | -2,497,000 | -1,140,000 | -2,035,000 | -1,395,000 | -1,081,000 | -1,350,000 | -139,000 | ||||||||||||||||||
amortization of debt issuance costs and bond discounts | 635,000 | 502,000 | 580,000 | |||||||||||||||||||||||
deferred rent | ||||||||||||||||||||||||||
proceeds from insurance recoveries | ||||||||||||||||||||||||||
proceeds from exercise of share-based compensation awards | 5,471,000 | 11,255,000 | 9,845,000 | 6,033,000 | ||||||||||||||||||||||
proceeds from term loans | ||||||||||||||||||||||||||
payments made for net settlement of employee share-based awards | ||||||||||||||||||||||||||
payments related to net settlement of share-based compensation awards | 0 | |||||||||||||||||||||||||
cash advances to independent operators | -1,515,000 | -1,485,000 | -3,449,000 | -3,689,000 | ||||||||||||||||||||||
repayments of cash advances from independent operators | 1,881,000 | 1,136,000 | 1,366,000 | 1,081,000 | ||||||||||||||||||||||
loss on disposal of assets | 1,053,000 | 85,000 | ||||||||||||||||||||||||
purchase of property and equipment | -28,173,000 | -25,770,000 | -31,618,000 | |||||||||||||||||||||||
proceeds from loans | 90,000,000 | |||||||||||||||||||||||||
proceeds from initial public offering, net of underwriting discounts | ||||||||||||||||||||||||||
operating activities: | ||||||||||||||||||||||||||
depreciation and amortization of property and equipment | 11,371,000 | |||||||||||||||||||||||||
amortization of intangible assets | 2,412,000 | |||||||||||||||||||||||||
stock-based compensation | 2,892,000 | |||||||||||||||||||||||||
accounts receivable reserve | 309,000 | |||||||||||||||||||||||||
deferred lease liabilities | ||||||||||||||||||||||||||
non-cash lease expense | 8,849,000 | |||||||||||||||||||||||||
accrued expenses | 9,172,000 | |||||||||||||||||||||||||
operating lease liability | -5,320,000 | |||||||||||||||||||||||||
investing activities: | ||||||||||||||||||||||||||
financing activities: | ||||||||||||||||||||||||||
proceeds from issuance of shares under stock incentive plans | 656,000 | |||||||||||||||||||||||||
repurchase of shares under equity incentive plans | ||||||||||||||||||||||||||
deferred offering costs paid | -2,108,000 | |||||||||||||||||||||||||
principal payments on 2014 loans | ||||||||||||||||||||||||||
principal payments on 2018 loans | 0 | |||||||||||||||||||||||||
payments on other financing | -169,000 | |||||||||||||||||||||||||
cash and cash equivalents—beginning of the period | 0 | |||||||||||||||||||||||||
cash and cash equivalents—end of the period | 25,343,000 | |||||||||||||||||||||||||
deferred offering costs accrued at end of period | -2,025,000 | |||||||||||||||||||||||||
amortization of debt issuance costs | ||||||||||||||||||||||||||
amortization of bond discounts | ||||||||||||||||||||||||||
intangible assets, deposits and licenses |