| Segment Data |
The Company has four reportable segments based on an integrated geographical structure as follows: North America, Continental Europe (CE), United Kingdom and Other. Other consists of Australia, New Zealand and emerging markets operations and franchise revenues and related costs, all of which have been grouped together as if they were a single reportable segment because they do not meet any of the quantitative thresholds and are immaterial for separate disclosure. To be consistent with the information that is presented to the chief operating decision maker, the Company does not include intercompany activity in the segment results. Information about the Company’s reportable segments is as follows:
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Total Revenues, net |
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Total Revenues, net |
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Three Months Ended |
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Nine Months Ended |
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October 1, |
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October 2, |
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October 1, |
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October 2, |
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2022 |
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2021 |
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2022 |
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2021 |
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North America |
$ |
176,082 |
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$ |
197,797 |
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$ |
568,410 |
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$ |
626,742 |
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Continental Europe |
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56,496 |
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71,933 |
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189,140 |
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231,764 |
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United Kingdom |
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10,898 |
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15,666 |
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38,094 |
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51,735 |
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Other |
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6,242 |
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8,101 |
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21,288 |
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26,431 |
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Total revenues, net |
$ |
249,718 |
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$ |
293,497 |
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$ |
816,932 |
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$ |
936,672 |
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Net (Loss) Income |
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Net (Loss) Income |
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Three Months Ended |
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Nine Months Ended |
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October 1, |
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October 2, |
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October 1, |
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October 2, |
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2022 |
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2021 |
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2022 |
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2021 |
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Segment operating (loss) income: |
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North America |
$ |
(255,269 |
) |
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$ |
74,310 |
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$ |
(207,241 |
) |
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$ |
163,287 |
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Continental Europe |
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27,013 |
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36,116 |
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75,477 |
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89,620 |
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United Kingdom |
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2,462 |
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3,502 |
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1,363 |
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6,085 |
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Other |
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(234 |
) |
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1,746 |
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|
578 |
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|
3,834 |
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Total segment operating (loss) income |
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(226,028 |
) |
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115,674 |
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(129,823 |
) |
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262,826 |
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General corporate expenses |
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28,501 |
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35,951 |
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102,370 |
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120,599 |
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Interest expense |
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20,912 |
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19,283 |
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58,837 |
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68,699 |
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Other expense, net |
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1,344 |
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|
764 |
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3,303 |
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|
908 |
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Early extinguishment of debt |
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— |
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— |
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— |
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29,169 |
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(Benefit from) provision for income taxes |
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(70,749 |
) |
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13,346 |
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(75,431 |
) |
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6,488 |
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Net (loss) income |
$ |
(206,036 |
) |
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$ |
46,330 |
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$ |
(218,902 |
) |
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$ |
36,963 |
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Depreciation and Amortization |
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Depreciation and Amortization |
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Three Months Ended |
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Nine Months Ended |
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October 1, |
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October 2, |
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October 1, |
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October 2, |
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2022 |
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2021 |
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2022 |
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2021 |
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North America |
$ |
7,939 |
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$ |
9,635 |
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$ |
24,738 |
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$ |
29,752 |
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Continental Europe |
|
166 |
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|
340 |
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|
599 |
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|
1,171 |
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United Kingdom |
|
109 |
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|
160 |
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|
475 |
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|
639 |
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Other |
|
87 |
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|
96 |
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|
273 |
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|
312 |
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Total segment depreciation and amortization |
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8,301 |
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10,231 |
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26,085 |
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31,874 |
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General corporate depreciation and amortization |
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3,532 |
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2,200 |
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11,049 |
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|
10,183 |
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Depreciation and amortization |
$ |
11,833 |
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$ |
12,431 |
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$ |
37,134 |
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$ |
42,057 |
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