Annual report pursuant to Section 13 and 15(d)

Consolidated Statement of Changes in Stockholders??? Equity

v3.23.1
Consolidated Statement of Changes in Stockholders’ Equity - USD ($)
$ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
 [1]
Preferred Stock
Class A Preferred Units
Preferred Stock
Class A Preferred Units
Effect of Retrospective Application of Accounting Standards Update 2018-12
Common Stock
Common Stock
Effect of Retrospective Application of Accounting Standards Update 2018-12
Common Stock
Class B Common Units
Common Stock
Class B Common Units
Effect of Retrospective Application of Accounting Standards Update 2018-12
Additional paid-in capital
Additional paid-in capital
Effect of Retrospective Application of Accounting Standards Update 2018-12
Accumulated Other Comprehensive Income (Loss)
Retained Earnings (Accumulated deficit)
Retained Earnings (Accumulated deficit)
Cumulative Effect, Period of Adoption, Adjustment
 [1]
Beginning balance (in shares) at Dec. 28, 2019     189,044 (189,044) 65,676,757 65,676,757 2,599 (2,599)          
Beginning balance at Dec. 28, 2019 $ 130,894   $ 189,044 $ (189,044) $ 7 $ 7 $ 91 $ (91) $ 189,128 $ 189,128 $ (2,153) $ (56,088)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Vesting of Midco LLC class B units (in shares)         468,876                
Vesting of Midco LLC class B units 171               171        
Distributions to Janus Midco LLC Class A unitholders (48,954)                     (48,954)  
Cumulative translation adjustment 1,926                   1,926    
Net income 56,837                     56,837  
Ending balance (in shares) at Dec. 26, 2020         66,145,633                
Ending balance at Dec. 26, 2020 140,874       $ 7       189,299   (227) (48,205)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Vesting of Midco LLC class B units (in shares)         4,124,767                
Vesting of Midco LLC class B units 5,261               5,261        
Issuance of PIPE Shares (in shares)         25,000,000                
Issuance of PIPE Shares 250,000       $ 3       249,997        
Issuance of common stock upon merger, net of transaction costs, earn out, and merger warrant liability (in shares)         41,113,850                
Issuance of common stock upon merger, net of transaction costs, earn out, and merger warrant liability 226,943       $ 4       226,939        
Issuance of earn out shares to common stockholders (in shares)         2,000,000                
Issuance of earn out shares to common stockholders 26,481               26,481        
Distributions to Janus Midco LLC Class A unitholders (541,710)               (541,710)        
Distributions to Class A preferred units (4,174)                     (4,174)  
Deferred tax asset 78,291               78,291        
Warrant redemption (in shares)         8,177,467                
Warrant redemption 43,176       $ 1       43,175        
Cumulative translation adjustment (722)                   (722)    
Share-based compensation 66               66        
Net income 43,801                     43,801  
Ending balance (in shares) at Jan. 01, 2022         146,561,717                
Ending balance at Jan. 01, 2022 268,287 $ (922)     $ 15       277,799   (949) (8,578) $ (922)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Cumulative translation adjustment (3,847)                   (3,847)    
Issuance of restricted units (in shares)         142,177                
Share-based compensation 4,115               4,115        
Net income 107,653                        
Ending balance (in shares) at Dec. 31, 2022         146,703,894                
Ending balance at Dec. 31, 2022 $ 375,286       $ 15       $ 281,914   $ (4,796) $ 98,153  
[1] Effective January 2, 2022, the Company adopted the provisions of Accounting Standards Update (“ASU”) 2016-13, Financial
Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments (Topic 326) and ASU 2016-02, Leases (Topic
842). We have elected to adopt each of the two standards using the modified retrospective approach through a cumulative-effect
adjustment to the opening balance of accumulated deficit for both. See Note 2 for further details of the impact of each standard.