Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Income

v3.23.1
Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Jan. 01, 2022
Dec. 26, 2020
REVENUE      
Total Revenue $ 1,019,509 $ 750,150 $ 548,973
Cost of sales 654,577 498,787 345,150
GROSS PROFIT 364,932 251,363 203,823
OPERATING EXPENSE      
Selling and marketing 58,275 46,295 34,532
General and administrative 119,180 111,981 76,946
Contingent consideration and earnout fair value adjustments 0 687 (2,176)
Operating Expenses 177,455 158,963 109,302
Operating Income (Loss) 187,477 92,400 94,521
Interest expense (42,039) (32,876) (36,011)
Other income (expense) (227) (3,324) 441
Change in fair value of derivative warrant liabilities 0 (5,918) 0
Other Expense, Net (42,266) (42,118) (35,570)
INCOME BEFORE TAXES 145,211 50,282 58,951
Provision for Income Taxes (37,558) (6,481) (2,114)
NET INCOME 107,653 43,801 56,837
Other Comprehensive Income (Loss) (3,847) (722) 1,926
COMPREHENSIVE INCOME 103,806 43,079 58,763
Net income attributable to common stockholders $ 107,653 $ 43,801 $ 56,837
Weighted-average shares outstanding, basic and diluted      
Basic (in shares) 146,606,197 107,875,018 65,843,575
Diluted (in shares) 146,722,866 108,977,811 65,843,575
Net income per share, basic and diluted      
Basic (in dollars per share) $ 0.73 $ 0.41 $ 0.86
Diluted (in dollars per share) $ 0.73 $ 0.40 $ 0.86
Sales of product      
REVENUE      
Total Revenue $ 873,087 $ 619,967 $ 439,458
Sales of services      
REVENUE      
Total Revenue $ 146,422 $ 130,183 $ 109,515