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13786000 4078000 14380000 -13386000 9388000 1612000 10980000 -10144000 4398000 2466000 3400000 -3242000 45674000 1000 64699000 1000 41056000 0 12411000 0 152900000 905000 -18400000 134668000 270075000 4210000 9191000 13401000 112000 -168000 188000 197000 217000 3864000 5834000 9698000 5000 13269000 330098000 330098000 -189072000 189072000 0 46594000 46594000 555000 555000 58948000 1000 64699000 1000 41056000 0 12411000 0 344771000 1093000 -14190000 338962000 670638000 45544000 1000 64699000 1000 41056000 0 12411000 0 145613000 813000 -17310000 122858000 251976000 3120000 10601000 13721000 137000 -187000 280000 379000 472000 10609000 18408000 29017000 135000 -661000 -1234000 -1895000 13269000 330098000 330098000 -187950000 187950000 0 46594000 46594000 655000 655000 58948000 1000 64699000 1000 41056000 0 12411000 0 344771000 1093000 -14190000 338962000 670638000 39558000 0 64699000 1000 45386000 1000 14062000 0 126538000 145000 -18410000 114042000 222317000 1763000 -169000 1594000 244000 -17000 703000 1781000 2467000 3656000 6993000 10649000 3000 6775000 6775000 4528000 -4528000 0 5980000 -1000 4330000 1000 1651000 0 45541000 1000 64699000 1000 41056000 0 12411000 0 141480000 848000 -16647000 118119000 243802000 34433000 0 64699000 1000 49006000 1000 15441000 0 107193000 0 -12679000 119213000 213729000 122000 301000 423000 -4090000 -12346000 -16436000 294000 -17000 848000 2202000 3033000 10083000 20912000 30995000 128000 -1145000 -2755000 -3900000 15958000 15958000 9408000 -9408000 0 10980000 -1000 7950000 1000 3030000 0 45541000 1000 64699000 1000 41056000 0 12411000 0 141480000 848000 -16647000 118119000 243802000 13721000 -16436000 49411000 31531000 609000 509000 245000 265000 29017000 30995000 -5600000 3757000 -1740000 1910000 8363000 7299000 -2830000 3771000 11067000 10301000 943000 1283000 544000 -1161000 3429000 3967000 7863000 2208000 -239000 -38000 -3516000 5860000 0 -21000 -7643000 -6800000 94906000 42768000 167732000 134634000 271000 1274000 0 6051000 -167461000 -139411000 90000000 122705000 202705000 0 10556000 3144000 0 1375000 1951000 1333000 1350000 2749000 331200000 0 -579000 -250000 1896000 3900000 202163000 112704000 129608000 16061000 20178000 18506000 149786000 34567000 27663000 10134000 1447000 1138000 14207000 8864000 523000 0 0 100000000 <div style="margin-bottom:9pt"><span style="color:#00416b;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%">NOTE 1 — Organization and Background</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#006098;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Business</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Dutch Bros is in the business of operating and franchising drive-thru coffee shops as well as the wholesale and distribution of coffee, coffee-related products, and accessories. As of September 30, 2023, there were 794 shops in operation in 16 U.S. states, of which 510 were company-operated and 284 were franchised.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#006098;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Organization</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Dutch Bros Inc. was formed on June 4, 2021 as a Delaware corporation for the purpose of facilitating an IPO and other related transactions in order to carry on the business of Dutch Bros OpCo. Dutch Bros Inc. is the sole managing member of Dutch Bros OpCo and operates and controls all of the business and affairs of Dutch Bros OpCo. As a result, Dutch Bros Inc. consolidates the financial results of Dutch Bros OpCo and reports a non-controlling interest representing the economic interest in Dutch Bros OpCo held by the other members of Dutch Bros OpCo. The Company’s fiscal year end is December 31.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of September 30, 2023, Dutch Bros Inc. held 100.0% of the voting interest and 40.3% of the economic interest of Dutch Bros OpCo. The Continuing Members held none of the voting interest and the remaining 59.7% of the economic interest of Dutch Bros OpCo.</span></div> 794 16 510 284 1.000 0.403 0 0.597 <div style="margin-bottom:9pt"><span style="color:#00416b;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%">NOTE 2 — Basis of Presentation and Summary of Significant Accounting Policies</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#006098;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Financial Statements Presentation</span></div>The Company’s condensed consolidated financial statements as of September 30, 2023 and for the three and nine months ended September 30, 2023 and 2022 have been prepared in accordance with GAAP and pursuant to the rules and regulations of the SEC, consistent in all material respects with those applied in the Company’s 2022 Form 10-K and as updated by this Form 10-Q.<div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company has made estimates and judgments affecting the amounts reported in its condensed consolidated financial statements and the accompanying notes. Although management bases its estimates on historical experience and assumptions that are believed to be reasonable under the circumstances, actual results could differ from those estimates. This report should be read in conjunction with the consolidated financial statements in the Company’s 2022 Form 10-K that includes additional information on accounting estimates, policies, and the methods and assumptions used in its estimates.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In the opinion of management, the accompanying condensed consolidated financial statements reflect all adjustments, consisting of normal recurring adjustments, necessary to present fairly the Company’s consolidated financial statements for the periods presented. Operating results for the three and nine months ended September 30, 2023 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2023. </span></div>Significant Accounting Policies <div style="margin-bottom:9pt"><span style="color:#006098;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Advertising Expense</span></div><div style="text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Advertising expense was as follows for the periods presented:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:49.541%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.601%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Three Months Ended September 30,</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30,</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Advertising expense</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">7,903 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">8,158 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">20,940 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">22,840 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#006098;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Recently Adopted Accounting Standards</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In October 2021, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2021-08, </span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers</span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. The amendments in this update provide specific guidance to address diversity in practice related to (1) recognition of an acquired contract liability, and (2) payment terms and their effect on subsequent revenue recognized by the acquirer. The amendments in ASU 2021-08 are applied on a prospective basis, and are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Early adoption is permitted. The Company’s adoption of this standard effective January 1, 2023 did not have a material impact on its condensed consolidated financial statements.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In July 2023, the FASB issued ASU No. 2023-03, </span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Presentation of Financial Statements (Topic 205), Income Statement—Reporting Comprehensive Income (Topic 220), Distinguishing Liabilities from Equity (Topic 480), Equity (Topic 505), and Compensation—Stock Compensation (Topic 718): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 120, SEC Staff Announcement at the March 24, 2022 EITF Meeting, and Staff Accounting Bulletin Topic 6.B, Accounting Series Release 280—General Revision of Regulation S-X: Income or Loss Applicable to Common Stock. </span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The ASU amends and supersedes various SEC paragraphs pursuant to SEC staff guidance and was effective upon issuance. The new standard has had no material impact on the Company's condensed consolidated financial statements.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In August 2023, the FASB issued ASU No. 2023-04, </span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Liabilities (Topic 405): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 121.</span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The ASU amends and supersedes various SEC paragraphs pursuant to SEC staff guidance and was effective upon issuance. The new standard has had no material impact on the Company's condensed consolidated financial statements.</span></div>Recently Issued Accounting Standards<span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In October 2023, the FASB issued ASU No. 2023-06, </span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative.</span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The amendments in this update modify the disclosure or presentation requirements of a variety of Topics in the Accounting Standards Codification (ASC) in response to the SEC’s Release No. 33-10532, </span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Disclosure Update and Simplification</span> initiative, and align the ASC’s requirements with the SEC’s regulations. For entities subject to the SEC's existing disclosure requirements, the effective date for each amendment will be the date on which the SEC's removal of that related disclosure from Regulation S-X or Regulation S-K becomes effective. Early adoption is prohibited, and amendments should be applied prospectively. For all entities, if by June 30, 2027, the SEC has not removed the applicable requirement from Regulation S-X or Regulation S-K, the pending content of the related amendment will be removed from the ASC and will not become effective for any entity. The Company does not expect this standard to have a material impact on its condensed consolidated financial statements. Financial Statements PresentationThe Company’s condensed consolidated financial statements as of September 30, 2023 and for the three and nine months ended September 30, 2023 and 2022 have been prepared in accordance with GAAP and pursuant to the rules and regulations of the SEC, consistent in all material respects with those applied in the Company’s 2022 Form 10-K and as updated by this Form 10-Q The Company has made estimates and judgments affecting the amounts reported in its condensed consolidated financial statements and the accompanying notes. Although management bases its estimates on historical experience and assumptions that are believed to be reasonable under the circumstances, actual results could differ from those estimates. This report should be read in conjunction with the consolidated financial statements in the Company’s 2022 Form 10-K that includes additional information on accounting estimates, policies, and the methods and assumptions used in its estimates.In the opinion of management, the accompanying condensed consolidated financial statements reflect all adjustments, consisting of normal recurring adjustments, necessary to present fairly the Company’s consolidated financial statements for the periods presented. Operating results for the three and nine months ended September 30, 2023 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2023. <div style="margin-bottom:9pt"><span style="color:#006098;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Advertising Expense</span></div><div style="text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Advertising expense was as follows for the periods presented:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:49.541%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.601%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Three Months Ended September 30,</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30,</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Advertising expense</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">7,903 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">8,158 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">20,940 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">22,840 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div> <div style="text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Advertising expense was as follows for the periods presented:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:49.541%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.601%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Three Months Ended September 30,</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30,</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Advertising expense</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">7,903 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">8,158 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">20,940 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">22,840 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div> 7903000 8158000 20940000 22840000 <div style="margin-bottom:9pt;text-align:justify"><span style="color:#006098;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Recently Adopted Accounting Standards</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In October 2021, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2021-08, </span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers</span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. The amendments in this update provide specific guidance to address diversity in practice related to (1) recognition of an acquired contract liability, and (2) payment terms and their effect on subsequent revenue recognized by the acquirer. The amendments in ASU 2021-08 are applied on a prospective basis, and are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Early adoption is permitted. The Company’s adoption of this standard effective January 1, 2023 did not have a material impact on its condensed consolidated financial statements.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In July 2023, the FASB issued ASU No. 2023-03, </span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Presentation of Financial Statements (Topic 205), Income Statement—Reporting Comprehensive Income (Topic 220), Distinguishing Liabilities from Equity (Topic 480), Equity (Topic 505), and Compensation—Stock Compensation (Topic 718): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 120, SEC Staff Announcement at the March 24, 2022 EITF Meeting, and Staff Accounting Bulletin Topic 6.B, Accounting Series Release 280—General Revision of Regulation S-X: Income or Loss Applicable to Common Stock. </span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The ASU amends and supersedes various SEC paragraphs pursuant to SEC staff guidance and was effective upon issuance. The new standard has had no material impact on the Company's condensed consolidated financial statements.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In August 2023, the FASB issued ASU No. 2023-04, </span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Liabilities (Topic 405): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 121.</span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The ASU amends and supersedes various SEC paragraphs pursuant to SEC staff guidance and was effective upon issuance. The new standard has had no material impact on the Company's condensed consolidated financial statements.</span></div>Recently Issued Accounting Standards<span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In October 2023, the FASB issued ASU No. 2023-06, </span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative.</span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The amendments in this update modify the disclosure or presentation requirements of a variety of Topics in the Accounting Standards Codification (ASC) in response to the SEC’s Release No. 33-10532, </span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Disclosure Update and Simplification</span> initiative, and align the ASC’s requirements with the SEC’s regulations. For entities subject to the SEC's existing disclosure requirements, the effective date for each amendment will be the date on which the SEC's removal of that related disclosure from Regulation S-X or Regulation S-K becomes effective. Early adoption is prohibited, and amendments should be applied prospectively. For all entities, if by June 30, 2027, the SEC has not removed the applicable requirement from Regulation S-X or Regulation S-K, the pending content of the related amendment will be removed from the ASC and will not become effective for any entity. The Company does not expect this standard to have a material impact on its condensed consolidated financial statements. <div style="margin-bottom:9pt"><span style="color:#00416b;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%">NOTE 3 — Revenue Recognition</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#006098;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Revenue</span></div><div style="margin-bottom:9pt"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table disaggregates revenue by major component:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:49.541%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.601%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Three Months Ended September 30,</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Company-operated shops</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">236,472 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">173,501 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">630,588 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">464,200 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Franchising</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">26,691 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">23,802 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">76,860 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">69,028 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Other</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,344 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,345 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4,205 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,957 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total revenues</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">264,507 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">198,648 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">711,653 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">537,185 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Deferred revenue activity related to the Company’s gift card and loyalty programs was as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:74.220%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.600%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Beginning balance</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">26,904 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">22,765 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Revenue deferred - gift card activations, loyalty app loads, and loyalty points and rewards earned</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">255,782 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">186,303 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:9pt"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Revenue recognized - gift card, loyalty app, loyalty rewards redemptions, and breakage</span></div></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(257,144)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(180,538)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Ending balance</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">25,542 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">28,530 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Less: current portion</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(21,999)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(25,371)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Deferred revenue, net of current portion, gift card and loyalty programs</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,543 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,159 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Deferred revenue also includes sales to distributors where the performance obligation has not been satisfied and control has not been transferred to the customer as of the reporting date, as well as initial unearned franchise fees from franchise partners. These deferred revenues reported in the Company’s condensed consolidated balance sheets were as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.038%"><tr><td style="width:1.0%"></td><td style="width:65.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.447%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.728%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.447%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.112%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">September 30, 2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">December 31, 2022</span></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Outstanding performance obligations</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">— </span></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2,152 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Initial unearned franchise fees from franchise partners</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2,396 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2,398 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total deferred revenue, excluding gift card and loyalty programs</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2,396 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4,550 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Less: current portion</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(415)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(2,587)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Deferred revenue, net of current portion, excluding gift card and loyalty programs</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,981 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,963 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>Revenue recognized during the three and nine months ended September 30, 2023 and 2022 that was included in the respective deferred revenue liability balances at the beginning of the period are shown below. <div style="margin-bottom:9pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:49.380%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.919%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.797%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.919%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.921%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Three Months Ended September 30,</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30,</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Gift card redemptions </span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">1</span></div></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">553 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">473 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4,742 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,621 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Earned franchise fees</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">114 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">117 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">342 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">390 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">_____________________</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">1</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">    </span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Amounts exclude cash loads and transactions related to the Company’s loyalty rewards program.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Future recognition of initial unearned franchise fees as of September 30, 2023 is as follows:</span></div><div style="margin-bottom:9pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:84.316%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.843%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Remainder of 2023</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">110 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2024</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">400 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2025</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">346 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2026</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">304 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2027</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">259 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Thereafter</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">977 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2,396 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> <div style="margin-bottom:9pt"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table disaggregates revenue by major component:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:49.541%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.601%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Three Months Ended September 30,</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Company-operated shops</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">236,472 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">173,501 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">630,588 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">464,200 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Franchising</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">26,691 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">23,802 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">76,860 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">69,028 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Other</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,344 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,345 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4,205 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,957 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total revenues</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">264,507 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">198,648 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">711,653 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">537,185 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div> 236472000 173501000 630588000 464200000 26691000 23802000 76860000 69028000 1344000 1345000 4205000 3957000 264507000 198648000 711653000 537185000 <div style="margin-bottom:9pt"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Deferred revenue activity related to the Company’s gift card and loyalty programs was as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:74.220%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.600%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Beginning balance</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">26,904 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">22,765 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Revenue deferred - gift card activations, loyalty app loads, and loyalty points and rewards earned</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">255,782 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">186,303 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:9pt"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Revenue recognized - gift card, loyalty app, loyalty rewards redemptions, and breakage</span></div></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(257,144)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(180,538)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Ending balance</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">25,542 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">28,530 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Less: current portion</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(21,999)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(25,371)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Deferred revenue, net of current portion, gift card and loyalty programs</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,543 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,159 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>These deferred revenues reported in the Company’s condensed consolidated balance sheets were as follows:<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.038%"><tr><td style="width:1.0%"></td><td style="width:65.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.447%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.728%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.447%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.112%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">September 30, 2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">December 31, 2022</span></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Outstanding performance obligations</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">— </span></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2,152 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Initial unearned franchise fees from franchise partners</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2,396 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2,398 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total deferred revenue, excluding gift card and loyalty programs</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2,396 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4,550 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Less: current portion</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(415)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(2,587)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Deferred revenue, net of current portion, excluding gift card and loyalty programs</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,981 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,963 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table>Revenue recognized during the three and nine months ended September 30, 2023 and 2022 that was included in the respective deferred revenue liability balances at the beginning of the period are shown below. <div style="margin-bottom:9pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:49.380%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.919%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.797%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.919%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.921%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Three Months Ended September 30,</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30,</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Gift card redemptions </span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">1</span></div></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">553 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">473 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4,742 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,621 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Earned franchise fees</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">114 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">117 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">342 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">390 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">_____________________</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">1</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">    </span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Amounts exclude cash loads and transactions related to the Company’s loyalty rewards program.</span></div> 26904000 22765000 255782000 186303000 257144000 180538000 25542000 28530000 21999000 25371000 3543000 3159000 0 2152000 2396000 2398000 2396000 4550000 415000 2587000 1981000 1963000 553000 473000 4742000 3621000 114000 117000 342000 390000 <div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Future recognition of initial unearned franchise fees as of September 30, 2023 is as follows:</span></div><div style="margin-bottom:9pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:84.316%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.843%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Remainder of 2023</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">110 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2024</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">400 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2025</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">346 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2026</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">304 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2027</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">259 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Thereafter</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">977 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2,396 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 110000 400000 346000 304000 259000 977000 2396000 NOTE 4 — Shop AcquisitionsDuring the three and nine months ended September 30, 2023, the Company did not repurchase the franchise rights and assets of any shops from franchise partners. <div style="margin-bottom:9pt"><span style="color:#00416b;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%">NOTE 5 — Inventories</span></div><div style="margin-bottom:9pt"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Inventories, net consist of the following:</span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:66.207%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.085%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.126%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">September 30, 2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">December 31, 2022</span></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Raw materials</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">31,361 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">21,335 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Finished goods</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">18,935 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">17,894 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total inventories</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">50,296 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">39,229 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>As of September 30, 2023, there was no reserve for inventories. As of December 31, 2022, reserves for inventories were $0.1 million. <span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Inventories, net consist of the following:</span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:66.207%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.085%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.126%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">September 30, 2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">December 31, 2022</span></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Raw materials</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">31,361 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">21,335 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Finished goods</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">18,935 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">17,894 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total inventories</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">50,296 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">39,229 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table> 31361000 21335000 18935000 17894000 50296000 39229000 0 100000 NOTE 6 — Property and Equipment<div style="margin-bottom:9pt"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Property and equipment, net consists of the following:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:50.662%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.310%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.883%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.310%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.085%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.127%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:9pt;text-align:center"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Useful Life </span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(Years)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">September 30, 2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">December 31, 2022</span></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Software</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="9" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">7,430 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">7,430 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Equipment and fixtures</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:6pt;font-weight:400;line-height:120%">—</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">7</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">145,686 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">93,908 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Leasehold improvements</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5</span></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:6pt;font-weight:400;line-height:120%">—</span></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">15</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">39,301 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">29,985 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Buildings</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">10</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:6pt;font-weight:400;line-height:120%">—</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">20</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">235,433 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">158,250 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Land</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="9" style="background-color:#d2dce5;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">N/A</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">7,715 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">7,956 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Aircraft </span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">1</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="9" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">9,195 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">9,195 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Construction-in-progress </span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">2</span></div></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="9" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">N/A</span></div></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">157,782 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">131,240 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Property and equipment, gross</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">602,542 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">437,964 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Less: accumulated depreciation</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(103,837)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(72,496)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Property and equipment, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">498,705 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">365,468 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">_______________</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">1</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">    Aircraft is depreciated under the consumption method.</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">2    </span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Construction-in-progress primarily consists of construction and equipment costs for new and existing shops, as well as our new roasting facility in Texas.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Depreciation expense included in the Company’s condensed consolidated statements of operations was as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:49.541%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.601%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Three Months Ended September 30,</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30,</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cost of sales</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">11,157 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6,932 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">30,403 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">18,486 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Selling, general and administrative expenses</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">408 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">702 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,235 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2,114 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total depreciation expense</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">11,565 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">7,634 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">31,638 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">20,600 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">No impairment charges were recognized for the three and nine months ended September 30, 2023 and 2022.</span></div> <div style="margin-bottom:9pt"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Property and equipment, net consists of the following:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:50.662%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.310%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.883%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.310%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.085%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.127%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:9pt;text-align:center"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Useful Life </span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(Years)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">September 30, 2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">December 31, 2022</span></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Software</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="9" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">7,430 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">7,430 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Equipment and fixtures</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:6pt;font-weight:400;line-height:120%">—</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">7</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">145,686 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">93,908 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Leasehold improvements</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5</span></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:6pt;font-weight:400;line-height:120%">—</span></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">15</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">39,301 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">29,985 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Buildings</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">10</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:6pt;font-weight:400;line-height:120%">—</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">20</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">235,433 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">158,250 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Land</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="9" style="background-color:#d2dce5;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">N/A</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">7,715 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">7,956 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Aircraft </span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">1</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="9" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">9,195 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">9,195 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Construction-in-progress </span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">2</span></div></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="9" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">N/A</span></div></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">157,782 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">131,240 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Property and equipment, gross</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">602,542 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">437,964 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Less: accumulated depreciation</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(103,837)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(72,496)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Property and equipment, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">498,705 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">365,468 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">_______________</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">1</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">    Aircraft is depreciated under the consumption method.</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">2    </span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Construction-in-progress primarily consists of construction and equipment costs for new and existing shops, as well as our new roasting facility in Texas.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Depreciation expense included in the Company’s condensed consolidated statements of operations was as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:49.541%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.601%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Three Months Ended September 30,</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30,</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cost of sales</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">11,157 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6,932 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">30,403 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">18,486 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Selling, general and administrative expenses</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">408 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">702 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,235 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2,114 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total depreciation expense</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">11,565 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">7,634 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">31,638 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">20,600 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div> P3Y 7430000 7430000 P3Y P7Y 145686000 93908000 P5Y P15Y 39301000 29985000 P10Y P20Y 235433000 158250000 7715000 7956000 9195000 9195000 157782000 131240000 602542000 437964000 103837000 72496000 498705000 365468000 11157000 6932000 30403000 18486000 408000 702000 1235000 2114000 11565000 7634000 31638000 20600000 0 0 0 0 <div style="margin-bottom:9pt"><span style="color:#00416b;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%">NOTE 7 — Intangible Assets and Goodwill</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#006098;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Intangible Assets</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The details of the intangible assets are as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:43.611%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:21.175%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.765%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.126%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Weighted-average amortization period </span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in years)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">September 30, 2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">December 31, 2022</span></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Reacquired franchise rights</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3.17</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">27,049 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">27,049 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Less: accumulated amortization</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(20,834)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(18,245)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Intangibles, net</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6,215 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">8,804 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Amortization expense included in the Company’s condensed consolidated statements of operations was as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:49.541%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.601%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Three Months Ended September 30,</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30,</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cost of sales</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">820 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,055 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2,589 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,012 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The estimated future amortization expense of the reacquired franchise rights as of September 30, 2023 is as follows:</span></div><div style="margin-bottom:9pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:84.316%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.843%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Remainder of 2023</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">800 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2024</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2,469 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2025</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,435 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2026</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">681 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2027</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">383 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Thereafter</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">447 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total </span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #131e29;border-top:1pt solid #131e29;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #131e29;border-top:1pt solid #131e29;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6,215 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #131e29;border-top:1pt solid #131e29;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#006098;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Goodwill</span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"> </span><span style="color:#ee2724;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Goodwill is allocated entirely to the Company-operated shops segment. The carrying amount and activity of goodwill was as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:84.316%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:12.843%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Balance, December 31, 2022</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">21,629 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Business combinations</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Balance, September 30, 2023</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">21,629 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">No impairment charges were recognized for the three and nine months ended September 30, 2023 and 2022.</span></div> <div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The details of the intangible assets are as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:43.611%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:21.175%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.765%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.126%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Weighted-average amortization period </span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in years)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">September 30, 2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">December 31, 2022</span></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Reacquired franchise rights</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3.17</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">27,049 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">27,049 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Less: accumulated amortization</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(20,834)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(18,245)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Intangibles, net</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6,215 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">8,804 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> P3Y2M1D 27049000 27049000 20834000 18245000 6215000 8804000 <div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Amortization expense included in the Company’s condensed consolidated statements of operations was as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:49.541%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.601%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Three Months Ended September 30,</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30,</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cost of sales</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">820 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,055 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2,589 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,012 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The estimated future amortization expense of the reacquired franchise rights as of September 30, 2023 is as follows:</span></div><div style="margin-bottom:9pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:84.316%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.843%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Remainder of 2023</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">800 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2024</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2,469 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2025</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,435 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2026</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">681 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2027</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">383 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Thereafter</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">447 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total </span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #131e29;border-top:1pt solid #131e29;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #131e29;border-top:1pt solid #131e29;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6,215 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #131e29;border-top:1pt solid #131e29;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 820000 1055000 2589000 3012000 800000 2469000 1435000 681000 383000 447000 6215000 The carrying amount and activity of goodwill was as follows:<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:84.316%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:12.843%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Balance, December 31, 2022</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">21,629 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Business combinations</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Balance, September 30, 2023</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">21,629 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table> 21629000 0 21629000 0 0 0 0 <span style="color:#00416b;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%">NOTE 8 — Leases</span><span style="color:#ee2724;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span><div style="margin-bottom:9pt;text-align:justify"><span style="color:#006098;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Nature of Leases</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company leases all of its domestic company-operated shops, warehouse facilities, most headquarters buildings, and certain equipment under various non-cancelable lease agreements that expire on various dates through 2043.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s real estate leases consist of commercial ground leases (land only) and build-to-suit leases (land and building). Generally, the Company’s real estate leases have an initial term of 15 years and typically include two to three renewal options of five years each. These renewal options are included in the lease term when it is reasonably certain that the option will be exercised. For commercial ground leases, one five-year renewal is included in the Company’s initial lease term calculations. For operating leases, the Company recognizes straight-line lease expense over the lease term from the date the Company takes possession of the leased property. For finance leases, lease expense follows an accelerated expense recognition over the lease term from the date the Company takes possession of the leased property. Variable lease costs generally include payments for additional rent such as real estate taxes, insurance, and common area maintenance, and are excluded from the measurement of the lease liability.</span></div>The Company calculates right-of-use assets and lease liabilities based on the present value of the fixed lease payments, including any estimated lease incentives, at lease commencement using its incremental borrowing rate, which is established by a third party. The discount rate is equal to the rate the Company would pay on a collateralized basis to borrow an amount equal to the lease payments under similar terms.<div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A summary of finance and operating lease right-of-use assets and lease liabilities as of September 30, 2023 is as follows:</span></div><div style="margin-bottom:9pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:25.662%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:35.919%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.047%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.049%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Balance Sheet Classification</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">September 30,<br/>2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">December 31,<br/>2022</span></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Right-of-use assets</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Finance leases</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Finance lease right-of-use assets, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">364,757 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">247,943 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Operating leases</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Operating lease right-of-use assets, net</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">190,864 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">169,302 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Total right-of-use assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">555,621 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">417,245 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Lease liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Finance leases</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Current portion of finance lease liabilities</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">9,574 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">7,971 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Finance lease liabilities, net of current portion</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">347,961 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">237,130 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Operating leases</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Current portion of operating lease liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">9,326 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">9,317 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Operating lease liabilities, net of current portion</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">182,201 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">161,228 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Total lease liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">549,062 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">415,646 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The components of lease cost were as follows for the periods presented:</span></div><div style="margin-bottom:9pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:25.182%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:26.303%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.637%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.797%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.637%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.639%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Three Months Ended September 30,</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30,</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Statement of Operations Classification</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Finance lease cost</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Amortization of right-of-use assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cost of sales</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5,731 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,121 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">15,184 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">7,919 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Interest on lease liabilities</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Interest expense</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4,755 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2,482 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">12,344 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6,261 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total finance lease cost</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">10,486 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5,603 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">27,528 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">14,180 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Operating lease cost</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cost of sales</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4,899 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4,228 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">14,097 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">12,109 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Variable lease cost</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cost of sales</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">990 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">566 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,434 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,625 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Total lease cost</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">16,375 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">10,397 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">45,059 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">27,914 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Future minimum lease payments for finance and operating lease liabilities as of September 30, 2023 are as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:63.323%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.047%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.048%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Finance</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Operating</span></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Remainder of 2023</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6,879 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4,042 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2024</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">30,264 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">18,406 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2025</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">31,347 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">18,347 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2026</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">31,653 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">18,188 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2027</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">32,340 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">17,856 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Thereafter</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">428,325 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">193,361 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">560,808 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">270,200 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Less: imputed interest</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:3pt double #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(203,273)</span></td><td style="background-color:#ffffff;border-top:3pt double #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:3pt double #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(78,673)</span></td><td style="background-color:#ffffff;border-top:3pt double #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Present value of minimum lease payments</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">357,535 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">191,527 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Less: current portion</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(9,574)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(9,326)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Lease liabilities, net of current portion</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">347,961 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">182,201 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A summary of lease terms and discount rates for finance and operating leases is as follows:</span></div><div style="margin-bottom:9pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:81.432%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.727%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">September 30,<br/>2023</span></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Weighted-average remaining lease term (years)</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Finance leases</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">16.3</span></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Operating leases</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">14.8</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Weighted-average discount rate (percentages)</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Finance leases</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5.7%</span></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Operating leases</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4.7%</span></td></tr></table></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Supplemental cash flow information related to leases as of September 30, 2023 is as follows for the periods presented:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.519%"><tr><td style="width:1.0%"></td><td style="width:74.262%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.444%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.655%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.444%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.495%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30,</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Cash paid for amounts included in the measurement of lease liabilities:</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Operating cash flows from finance leases</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">12,344 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6,261 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Operating cash flows from operating leases</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">13,378 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">11,611 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financing cash flows from finance leases</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">10,556 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,144 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Right-of-use assets obtained in exchange for lease obligations</span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">1</span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">:</span></div></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Finance leases</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">122,990 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">135,987 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Operating leases</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">28,626 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">171,437 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">________________</span></div><div style="margin-bottom:9pt"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">1</span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">The 2022 amounts include the transition adjustment for the adoption of ASU 2016-02, as amended.</span></div> <span style="color:#00416b;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%">NOTE 8 — Leases</span><span style="color:#ee2724;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span><div style="margin-bottom:9pt;text-align:justify"><span style="color:#006098;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Nature of Leases</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company leases all of its domestic company-operated shops, warehouse facilities, most headquarters buildings, and certain equipment under various non-cancelable lease agreements that expire on various dates through 2043.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s real estate leases consist of commercial ground leases (land only) and build-to-suit leases (land and building). Generally, the Company’s real estate leases have an initial term of 15 years and typically include two to three renewal options of five years each. These renewal options are included in the lease term when it is reasonably certain that the option will be exercised. For commercial ground leases, one five-year renewal is included in the Company’s initial lease term calculations. For operating leases, the Company recognizes straight-line lease expense over the lease term from the date the Company takes possession of the leased property. For finance leases, lease expense follows an accelerated expense recognition over the lease term from the date the Company takes possession of the leased property. Variable lease costs generally include payments for additional rent such as real estate taxes, insurance, and common area maintenance, and are excluded from the measurement of the lease liability.</span></div>The Company calculates right-of-use assets and lease liabilities based on the present value of the fixed lease payments, including any estimated lease incentives, at lease commencement using its incremental borrowing rate, which is established by a third party. The discount rate is equal to the rate the Company would pay on a collateralized basis to borrow an amount equal to the lease payments under similar terms.<div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A summary of finance and operating lease right-of-use assets and lease liabilities as of September 30, 2023 is as follows:</span></div><div style="margin-bottom:9pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:25.662%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:35.919%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.047%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.049%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Balance Sheet Classification</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">September 30,<br/>2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">December 31,<br/>2022</span></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Right-of-use assets</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Finance leases</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Finance lease right-of-use assets, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">364,757 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">247,943 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Operating leases</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Operating lease right-of-use assets, net</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">190,864 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">169,302 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Total right-of-use assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">555,621 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">417,245 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Lease liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Finance leases</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Current portion of finance lease liabilities</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">9,574 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">7,971 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Finance lease liabilities, net of current portion</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">347,961 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">237,130 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Operating leases</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Current portion of operating lease liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">9,326 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">9,317 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Operating lease liabilities, net of current portion</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">182,201 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">161,228 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Total lease liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">549,062 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">415,646 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The components of lease cost were as follows for the periods presented:</span></div><div style="margin-bottom:9pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:25.182%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:26.303%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.637%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.797%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.637%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.639%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Three Months Ended September 30,</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30,</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Statement of Operations Classification</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Finance lease cost</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Amortization of right-of-use assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cost of sales</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5,731 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,121 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">15,184 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">7,919 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Interest on lease liabilities</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Interest expense</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4,755 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2,482 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">12,344 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6,261 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total finance lease cost</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">10,486 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5,603 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">27,528 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">14,180 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Operating lease cost</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cost of sales</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4,899 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4,228 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">14,097 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">12,109 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Variable lease cost</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cost of sales</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">990 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">566 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,434 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,625 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Total lease cost</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">16,375 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">10,397 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">45,059 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">27,914 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Future minimum lease payments for finance and operating lease liabilities as of September 30, 2023 are as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:63.323%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.047%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.048%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Finance</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Operating</span></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Remainder of 2023</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6,879 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4,042 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2024</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">30,264 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">18,406 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2025</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">31,347 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">18,347 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2026</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">31,653 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">18,188 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2027</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">32,340 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">17,856 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Thereafter</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">428,325 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">193,361 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">560,808 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">270,200 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Less: imputed interest</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:3pt double #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(203,273)</span></td><td style="background-color:#ffffff;border-top:3pt double #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:3pt double #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(78,673)</span></td><td style="background-color:#ffffff;border-top:3pt double #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Present value of minimum lease payments</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">357,535 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">191,527 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Less: current portion</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(9,574)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(9,326)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Lease liabilities, net of current portion</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">347,961 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">182,201 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A summary of lease terms and discount rates for finance and operating leases is as follows:</span></div><div style="margin-bottom:9pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:81.432%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.727%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">September 30,<br/>2023</span></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Weighted-average remaining lease term (years)</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Finance leases</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">16.3</span></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Operating leases</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">14.8</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Weighted-average discount rate (percentages)</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Finance leases</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5.7%</span></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Operating leases</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4.7%</span></td></tr></table></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Supplemental cash flow information related to leases as of September 30, 2023 is as follows for the periods presented:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.519%"><tr><td style="width:1.0%"></td><td style="width:74.262%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.444%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.655%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.444%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.495%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30,</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Cash paid for amounts included in the measurement of lease liabilities:</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Operating cash flows from finance leases</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">12,344 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6,261 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Operating cash flows from operating leases</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">13,378 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">11,611 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financing cash flows from finance leases</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">10,556 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,144 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Right-of-use assets obtained in exchange for lease obligations</span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">1</span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">:</span></div></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Finance leases</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">122,990 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">135,987 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Operating leases</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">28,626 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">171,437 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">________________</span></div><div style="margin-bottom:9pt"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">1</span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">The 2022 amounts include the transition adjustment for the adoption of ASU 2016-02, as amended.</span></div> P15Y 2 3 P5Y 1 P5Y <div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A summary of finance and operating lease right-of-use assets and lease liabilities as of September 30, 2023 is as follows:</span></div><div style="margin-bottom:9pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:25.662%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:35.919%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.047%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.049%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Balance Sheet Classification</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">September 30,<br/>2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">December 31,<br/>2022</span></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Right-of-use assets</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Finance leases</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Finance lease right-of-use assets, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">364,757 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">247,943 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Operating leases</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Operating lease right-of-use assets, net</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">190,864 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">169,302 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Total right-of-use assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">555,621 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">417,245 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Lease liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Finance leases</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Current portion of finance lease liabilities</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">9,574 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">7,971 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Finance lease liabilities, net of current portion</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">347,961 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">237,130 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Operating leases</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Current portion of operating lease liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">9,326 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">9,317 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Operating lease liabilities, net of current portion</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">182,201 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">161,228 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Total lease liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">549,062 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">415,646 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A summary of lease terms and discount rates for finance and operating leases is as follows:</span></div><div style="margin-bottom:9pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:81.432%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.727%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">September 30,<br/>2023</span></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Weighted-average remaining lease term (years)</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Finance leases</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">16.3</span></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Operating leases</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">14.8</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Weighted-average discount rate (percentages)</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Finance leases</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5.7%</span></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Operating leases</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4.7%</span></td></tr></table></div> 364757000 247943000 190864000 169302000 555621000 417245000 9574000 7971000 347961000 237130000 9326000 9317000 182201000 161228000 549062000 415646000 <div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The components of lease cost were as follows for the periods presented:</span></div><div style="margin-bottom:9pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:25.182%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:26.303%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.637%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.797%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.637%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.639%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Three Months Ended September 30,</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30,</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Statement of Operations Classification</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Finance lease cost</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Amortization of right-of-use assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cost of sales</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5,731 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,121 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">15,184 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">7,919 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Interest on lease liabilities</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Interest expense</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4,755 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2,482 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">12,344 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6,261 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total finance lease cost</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">10,486 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5,603 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">27,528 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">14,180 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Operating lease cost</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cost of sales</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4,899 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4,228 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">14,097 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">12,109 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Variable lease cost</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cost of sales</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">990 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">566 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,434 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,625 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Total lease cost</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">16,375 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">10,397 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">45,059 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">27,914 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div> 5731000 3121000 15184000 7919000 4755000 2482000 12344000 6261000 10486000 5603000 27528000 14180000 4899000 4228000 14097000 12109000 990000 566000 3434000 1625000 16375000 10397000 45059000 27914000 <div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Future minimum lease payments for finance and operating lease liabilities as of September 30, 2023 are as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:63.323%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.047%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.048%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Finance</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Operating</span></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Remainder of 2023</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6,879 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4,042 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2024</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">30,264 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">18,406 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2025</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">31,347 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">18,347 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2026</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">31,653 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">18,188 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2027</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">32,340 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">17,856 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Thereafter</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">428,325 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">193,361 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">560,808 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">270,200 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Less: imputed interest</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:3pt double #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(203,273)</span></td><td style="background-color:#ffffff;border-top:3pt double #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:3pt double #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(78,673)</span></td><td style="background-color:#ffffff;border-top:3pt double #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Present value of minimum lease payments</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">357,535 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">191,527 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Less: current portion</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(9,574)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(9,326)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Lease liabilities, net of current portion</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">347,961 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">182,201 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> <div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Future minimum lease payments for finance and operating lease liabilities as of September 30, 2023 are as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:63.323%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.047%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.048%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Finance</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Operating</span></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Remainder of 2023</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6,879 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4,042 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2024</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">30,264 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">18,406 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2025</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">31,347 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">18,347 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2026</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">31,653 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">18,188 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2027</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">32,340 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">17,856 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Thereafter</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">428,325 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">193,361 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">560,808 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">270,200 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Less: imputed interest</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:3pt double #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(203,273)</span></td><td style="background-color:#ffffff;border-top:3pt double #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:3pt double #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(78,673)</span></td><td style="background-color:#ffffff;border-top:3pt double #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Present value of minimum lease payments</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">357,535 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">191,527 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Less: current portion</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(9,574)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(9,326)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Lease liabilities, net of current portion</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">347,961 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">182,201 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 6879000 4042000 30264000 18406000 31347000 18347000 31653000 18188000 32340000 17856000 428325000 193361000 560808000 270200000 203273000 78673000 357535000 191527000 9574000 9326000 347961000 182201000 P16Y3M18D P14Y9M18D 0.057 0.047 <div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Supplemental cash flow information related to leases as of September 30, 2023 is as follows for the periods presented:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.519%"><tr><td style="width:1.0%"></td><td style="width:74.262%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.444%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.655%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.444%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.495%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30,</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Cash paid for amounts included in the measurement of lease liabilities:</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Operating cash flows from finance leases</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">12,344 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6,261 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Operating cash flows from operating leases</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">13,378 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">11,611 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financing cash flows from finance leases</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">10,556 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,144 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Right-of-use assets obtained in exchange for lease obligations</span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:700;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">1</span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">:</span></div></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Finance leases</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">122,990 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">135,987 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Operating leases</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">28,626 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">171,437 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">________________</span></div><div style="margin-bottom:9pt"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">1</span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">The 2022 amounts include the transition adjustment for the adoption of ASU 2016-02, as amended.</span></div> 12344000 6261000 13378000 11611000 10556000 3144000 122990000 135987000 28626000 171437000 NOTE 9 — Debt<div style="margin-bottom:9pt;text-align:justify"><span style="color:#006098;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Credit Facility</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On August 4, 2023, certain subsidiaries of the Company entered into an amendment to its existing $500 million senior secured credit facility, dated February 28, 2022, with JPMorgan Chase Bank, N.A. as administrative agent and other financial institutions as the lenders party thereto (as amended, the 2022 Credit Facility) to increase borrowing capacity by a total of $150 million. The 2022 Credit Facility has a total capacity of $650 million, consisting of a $350 million revolving credit facility (increased from $250 million), a term loan facility of up to $100 million (no change), and a delayed draw term loan facility of up to $200 million (increased from $150 million). The 2022 Credit Facility also includes sublimits for letters of credit and swingline loans of up to $50 million and $15 million, respectively. The 2022 Credit Facility expires on February 28, 2027 (the Maturity Date), and portions of the delayed draw term loan facility expire if they remain undrawn on certain dates prior to the Maturity Date.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Interest on borrowings under the 2022 Credit Facility is based on (a) the Alternate Base Rate plus an applicable margin, or (b) the Adjusted Term SOFR plus an applicable margin, and is payable in accordance with the selected interest rate period (at least quarterly) and upon maturity. Principal payments for the term loans are required on a quarterly basis in accordance with an amortization schedule up through and including the Maturity Date.    </span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is required to pay a commitment fee on a quarterly basis, at a per annum rate of between 0.20% and 0.45% (depending on the Company’s maximum net lease-adjusted total leverage ratio) based on the (i) average daily unused portion of the revolving credit facility, and (ii) the daily undrawn amount of the delayed draw term loan facility. These fees are recorded as interest expense on the Company’s condensed consolidated statements of operations. </span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The 2022 Credit Facility contains financial covenants that require the Company to not exceed a maximum net lease-adjusted total leverage ratio and maintain a minimum fixed charge coverage ratio. The 2022 Credit Facility also contains certain negative covenants that, among other things, limit the Company’s ability to incur additional debt, grant liens on assets, merge with or acquire other companies, make other investments, dispose of assets, and make restricted payments. Obligations under the 2022 Credit Facility are guaranteed by Dutch Bros OpCo and certain of its subsidiaries, and secured by a first priority perfected security interest in substantially all of the assets of the guarantors.</span></div>As further detailed in NOTE 13 — Equity and Equity-Based Compensation, Dutch Bros OpCo used the proceeds it received from the sale of 13.3 million Class A common units in connection with the Follow-On Offering (as defined in NOTE 13 — Equity and Equity-Based Compensation) to repay approximately $202.7 million of the 2022 Credit Facility, representing the balance of the Company’s revolving loans as of the repayment date. As of September 30, 2023, the full $350 million was available for borrowing on the revolving loans.As of September 30, 2023, approximately $96.3 million of principal was outstanding on the term loan. The term loan bears interest at 7.67% as of September 30, 2023. The Company was in compliance with its financial covenants as of that date.<div style="margin-bottom:9pt;text-align:justify"><span style="color:#006098;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Long-Term Debt</span></div><div style="margin-bottom:9pt"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s long-term debt consisted of the following for the periods presented:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:65.726%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.126%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">September 30, 2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">December 31, 2022</span></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Term loan under credit facility</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">96,250 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">98,125 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Finance obligation</span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">1</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,385 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,379 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Unsecured note payable</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">443 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">524 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total debt</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">98,078 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">100,028 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Less: loan origination fees</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(1,510)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(1,122)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Less: current portion</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(3,864)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(2,609)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total long-term debt, net of current portion</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">92,704 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">96,297 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">_______________</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">1    </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Represents failed sale-leaseback arrangements under ASC 842. </span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Future annual maturities of long-term debt as of September 30, 2023 are as follows: </span><span style="color:#ee2724;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:84.316%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.843%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Remainder of 2023</span></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">653 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2024</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4,491 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2025</span></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6,998 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2026</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">13,256 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2027</span></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">71,295 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Thereafter</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,385 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">98,078 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 500000000 150000000 650000000 350000000 250000000 100000000 200000000 150000000 50000000 15000000 0.0020 0.0045 NOTE 13 — Equity and Equity-Based CompensationNOTE 13 — Equity and Equity-Based CompensationNOTE 13 — Equity and Equity-Based Compensation<div style="margin-bottom:9pt;text-align:justify"><span style="color:#006098;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Follow-On Offering</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On September 12, 2023, Dutch Bros Inc. completed a follow-on offering of approximately 13.3 million shares of Class A common stock at a public offering price of $26.00 per share, which included approximately 1.7 million shares issued pursuant to the exercise in full of the underwriters’ option to purchase additional shares (the Follow-On Offering). This resulted in proceeds of approximately $331.2 million, net of underwriting discounts and commissions. The proceeds were used to purchase an equal number of Class A common units of Dutch Bros OpCo. Dutch Bros OpCo used the proceeds for working capital and general corporate purposes, including principal repayment of the Company’s revolving credit facility, and for payment of offering costs of approximately $1.1 million. The offering costs were charged to additional paid-in capital on the Company’s condensed consolidated balance sheets.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#006098;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Equity Awards</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of September 30, 2023, the Company had equity-based compensation awards outstanding consisting of RSAs and RSUs.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#006098;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Restricted Stock Awards</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Activity for the Company’s RSAs was as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:59.156%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.047%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.215%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands, except per share amounts)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Restricted Stock Awards</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Weighted-average grant date fair value per share</span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Balance, December 31, 2022</span></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="2" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2,667 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">23.00 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Vested</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(1,333)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">23.00 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Forfeitures</span></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(18)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">23.00 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Balance, September 30, 2023</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,316 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">23.00 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#006098;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Restricted Stock Units</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Activity for the Company’s RSUs was as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:59.156%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.047%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.215%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands, except per share amounts)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Restricted Stock Units</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Weighted-average grant date fair value per share</span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Balance, December 31, 2022</span></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="2" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">583 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">44.34 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">New grants</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">458 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">31.25 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Vested</span></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(223)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">41.90 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Forfeitures</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(175)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">43.29 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Balance, September 30, 2023</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">643 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">36.13 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total release date fair value of vested restricted stock awards and units for the nine months ended September 30, 2023 and 2022 are presented below. </span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:30.775%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:0.1%"></td><td style="width:0.425%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.743%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.425%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.493%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.743%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.496%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands, except per share amounts)</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30, 2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Weighted-average vest date fair value per share</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30, 2022</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Weighted-average vest date fair value per share</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Restricted stock awards</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">36,451 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">27.34 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">69,604 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">52.21 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Restricted stock units</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6,039 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">27.08 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">10,559 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">51.99 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#006098;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Equity-Based Compensation</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Equity-based compensation expense is recognized on a straight-line basis and is included in the Company’s condensed consolidated statements of operations as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:49.541%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.601%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Three Months Ended September 30,</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30,</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Selling, general, and administrative expenses</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">9,698 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">10,649 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">29,017 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">30,995 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of September 30, 2023, total unrecognized stock-based compensation related to unvested stock awards was $23.8 million, which will be recognized as follows:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:84.316%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.843%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Remainder of 2023</span></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">9,986 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2024</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">7,904 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2025</span></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5,054 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2026</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">840 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total unrecognized stock-based compensation</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">23,784 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 13300000 202700000 350000000 96300000 0.0767 <div style="margin-bottom:9pt"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s long-term debt consisted of the following for the periods presented:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:65.726%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.126%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">September 30, 2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">December 31, 2022</span></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Term loan under credit facility</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">96,250 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">98,125 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Finance obligation</span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">1</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,385 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,379 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Unsecured note payable</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">443 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">524 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total debt</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">98,078 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">100,028 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Less: loan origination fees</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(1,510)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(1,122)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Less: current portion</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(3,864)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(2,609)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total long-term debt, net of current portion</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">92,704 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">96,297 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">_______________</span></div>1    Represents failed sale-leaseback arrangements under ASC 842. 96250000 98125000 1385000 1379000 443000 524000 98078000 100028000 1510000 1122000 3864000 2609000 92704000 96297000 <div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Future annual maturities of long-term debt as of September 30, 2023 are as follows: </span><span style="color:#ee2724;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:84.316%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.843%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Remainder of 2023</span></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">653 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2024</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4,491 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2025</span></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6,998 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2026</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">13,256 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2027</span></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">71,295 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Thereafter</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,385 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">98,078 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 653000 4491000 6998000 13256000 71295000 1385000 98078000 <div style="margin-bottom:9pt"><span style="color:#00416b;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%">NOTE 10 — Fair Value Measurements</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s condensed consolidated financial statements include cash and cash equivalents, accounts receivable, accounts payable, accrued expenses and other current liabilities, for which the carrying amounts approximate fair value due to their short-term maturity. The fair value of the Company’s variable-rate term loan and revolving loans approximate their carrying amounts; these debt instruments are designated as Level 2 within the fair value hierarchy. The Company’s cost of borrowing is variable and approximates current market rates. </span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company has an interest rate swap, which is required to be measured at fair value on a recurring basis. Designated as a Level 2 instrument within the fair value hierarchy, the interest rate swap as of September 30, 2023 had a fair value of $3.8 million, and is recorded as an asset on the Company’s condensed consolidated balance sheet.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The fair value of the Company’s interest rate swap was determined based on the present value of expected future cash flows considering the risks involved, including nonperformance risk, and using discount rates appropriate for the duration based on observable inputs.</span></div>See NOTE 11 — Derivative Financial Instruments for additional details related to the interest rate swap. The Company’s condensed consolidated financial statements include cash and cash equivalents, accounts receivable, accounts payable, accrued expenses and other current liabilities, for which the carrying amounts approximate fair value due to their short-term maturity. The fair value of the Company’s variable-rate term loan and revolving loans approximate their carrying amounts; these debt instruments are designated as Level 2 within the fair value hierarchy. The Company’s cost of borrowing is variable and approximates current market rates. 3800000 <div style="margin-bottom:9pt"><span style="color:#00416b;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%">NOTE 11 — Derivative Financial Instruments</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">From time to time, the Company may enter into interest rate swaps to fix a portion of interest expense. The Company does not enter into derivative instruments for any other purpose other than to manage its risks related to fluctuations in interest rates and does not engage in interest rate speculation using derivative instruments. </span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During 2022, the Company entered into a receive-variable (Receive Leg), pay-fixed (Pay Leg) interest rate swap with JPMorgan Chase Bank, N.A with respect to $70 million of the term loan under the 2022 Credit Facility. The interest rate swap matures on February 28, 2027 and has a fixed rate of 2.67% per annum for the Pay Leg. The variable rate on the Receive Leg of the interest rate swap is the one-month adjusted term SOFR plus an applicable margin. As of September 30, 2023, the one-month adjusted term SOFR was 5.32%.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company typically designates all interest rate swaps as cash flow hedges, and accordingly, records the change in fair value for the effective portion of the interest rate swap in AOCI rather than in current period earnings until the underlying hedged transaction affects earnings. As of September 30, 2023, the Company expects to reclassify a gain of approximately $1.8 million from AOCI to earnings within the next twelve months. </span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The fair value and effect of the derivative instrument included in the Company’s condensed consolidated financial statements was as follows:</span></div><div style="margin-bottom:9pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:31.592%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.739%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.970%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.376%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Balance Sheet Classification</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">September 30,<br/>2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">December 31,<br/>2022</span></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Derivative instrument designated as cash flow hedge:</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Interest rate swap contract</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Prepaid expenses and other current assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,754 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,457 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Other long-term assets</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2,018 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,706 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Total derivative instrument designated as cash flow hedge</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,772 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,163 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:9pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:25.342%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.380%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.637%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.640%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Three Months Ended September 30,</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30,</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Financial Statements Classification</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Derivative instrument designated as cash flow hedge:</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Income recognized in other comprehensive income (loss) before reclassifications</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Statement of Comprehensive Income (Loss)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">962 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2,651 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2,012 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2,935 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Reclassification from accumulated other comprehensive income to earnings for the effective portion</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Statement of Operations - Interest expense, net</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(465)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">77 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(1,216)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">409 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Income tax expense</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Statement of Operations - Income tax expense</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(112)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(244)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(137)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(294)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div>For additional information related to the Company’s derivative instrument, see NOTE 10 — Fair Value Measurements. 70000000 0.0267 0.0532 1800000 <div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The fair value and effect of the derivative instrument included in the Company’s condensed consolidated financial statements was as follows:</span></div><div style="margin-bottom:9pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:31.592%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.739%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.970%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.376%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Balance Sheet Classification</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">September 30,<br/>2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">December 31,<br/>2022</span></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Derivative instrument designated as cash flow hedge:</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Interest rate swap contract</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Prepaid expenses and other current assets</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,754 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,457 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Other long-term assets</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2,018 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,706 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Total derivative instrument designated as cash flow hedge</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,772 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,163 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div> 1754000 1457000 2018000 1706000 3772000 3163000 <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:25.342%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.380%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.637%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.640%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Three Months Ended September 30,</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30,</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Financial Statements Classification</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Derivative instrument designated as cash flow hedge:</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Income recognized in other comprehensive income (loss) before reclassifications</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Statement of Comprehensive Income (Loss)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">962 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2,651 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2,012 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2,935 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Reclassification from accumulated other comprehensive income to earnings for the effective portion</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Statement of Operations - Interest expense, net</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(465)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">77 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(1,216)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">409 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Income tax expense</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Statement of Operations - Income tax expense</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(112)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(244)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(137)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(294)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table> 962000 2651000 2012000 2935000 -465000 77000 -1216000 409000 -112000 -244000 -137000 -294000 <div style="margin-bottom:9pt"><span style="color:#00416b;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%">NOTE 12 — Income Taxes</span></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:49.541%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.601%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ee2724;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Three Months Ended September 30,</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="9" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Income tax expense (benefit)</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,828 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(3,371)</span></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6,259 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(2,700)</span></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Effective tax rate</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">12.0 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">N/M</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">31.3 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">14.1 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">%</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div><span style="color:#006098;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Three and Nine Months Ended September 30, 2023 v. 2022</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The increase in tax expense was primarily driven by increased current year pre-tax income, changes in state earnings mix, and impact on outside basis differences as a result of prior year tax filings.</span></div> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:49.541%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.601%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ee2724;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Three Months Ended September 30,</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="9" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Income tax expense (benefit)</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,828 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(3,371)</span></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6,259 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(2,700)</span></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Effective tax rate</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">12.0 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">N/M</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">31.3 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">14.1 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">%</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table> 1828000 -3371000 6259000 -2700000 0.120 0.313 0.141 13300000 26.00 1700000 331200000 1100000 <div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Activity for the Company’s RSAs was as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:59.156%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.047%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.215%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands, except per share amounts)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Restricted Stock Awards</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Weighted-average grant date fair value per share</span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Balance, December 31, 2022</span></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="2" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2,667 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">23.00 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Vested</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(1,333)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">23.00 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Forfeitures</span></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(18)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">23.00 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Balance, September 30, 2023</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,316 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">23.00 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 2667000 23.00 1333000 23.00 18000 23.00 1316000 23.00 <div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Activity for the Company’s RSUs was as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:59.156%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.047%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.215%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands, except per share amounts)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Restricted Stock Units</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Weighted-average grant date fair value per share</span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Balance, December 31, 2022</span></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="2" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">583 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">44.34 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">New grants</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">458 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">31.25 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Vested</span></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(223)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">41.90 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Forfeitures</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(175)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">43.29 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Balance, September 30, 2023</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">643 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">36.13 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total release date fair value of vested restricted stock awards and units for the nine months ended September 30, 2023 and 2022 are presented below. </span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:30.775%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:0.1%"></td><td style="width:0.425%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.743%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.425%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.493%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.743%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.496%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands, except per share amounts)</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30, 2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Weighted-average vest date fair value per share</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30, 2022</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Weighted-average vest date fair value per share</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Restricted stock awards</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">36,451 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">27.34 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">69,604 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">52.21 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Restricted stock units</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6,039 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">27.08 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">10,559 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">51.99 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div> 583000 44.34 458000 31.25 223000 41.90 175000 43.29 643000 36.13 36451000 27.34 69604000 52.21 6039000 27.08 10559000 51.99 <div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Equity-based compensation expense is recognized on a straight-line basis and is included in the Company’s condensed consolidated statements of operations as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:49.541%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.601%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Three Months Ended September 30,</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30,</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Selling, general, and administrative expenses</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">9,698 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">10,649 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">29,017 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">30,995 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div> 9698000 10649000 29017000 30995000 <div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of September 30, 2023, total unrecognized stock-based compensation related to unvested stock awards was $23.8 million, which will be recognized as follows:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:84.316%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.843%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Remainder of 2023</span></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">9,986 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #131e29;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2024</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">7,904 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2025</span></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5,054 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2026</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">840 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total unrecognized stock-based compensation</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">23,784 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 23800000 9986000 7904000 5054000 840000 23784000 <div style="margin-bottom:9pt"><span style="color:#00416b;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%">NOTE 14 — Non-Controlling Interests</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Dutch Bros Inc. is the sole managing member of Dutch Bros OpCo, and, as a result, consolidates the financial results of Dutch Bros OpCo. The Company reports a non-controlling interest representing the economic interest in the Dutch Bros OpCo held by the other members of Dutch Bros OpCo. The Third Amended and Restated Limited Liability Company Agreement of Dutch Bros OpCo provides that holders of Dutch Bros OpCo Class A common units may, from time to time, require Dutch Bros OpCo to redeem all or a portion of its Dutch Bros OpCo Class A common units for newly-issued shares of Class A common stock on a one-for-one basis. In connection with any redemption or exchange, Dutch Bros Inc. will receive a corresponding number of Dutch Bros OpCo Class A common units, increasing Dutch Bros Inc.’s total ownership in Dutch Bros OpCo. Changes in Dutch Bros Inc.’s ownership in Dutch Bros OpCo, while Dutch Bros Inc. retains its controlling interest in Dutch Bros OpCo, will be accounted for as equity transactions. As such, future redemptions or direct exchanges of Dutch Bros OpCo Class A common units by the other members of Dutch Bros OpCo will result in a change in ownership and reduce the amount recorded as non-controlling interest and increase additional paid-in-capital.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table summarizes the ownership interest in Dutch Bros OpCo:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:65.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.925%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.927%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">September 30, 2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">OpCo Units</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Ownership %</span></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Dutch Bros OpCo Class A common units held by Dutch Bros Inc.</span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">1</span></div></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">71,360 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">40.3 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Dutch Bros OpCo Class A common units held by non-controlling interest holders</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">105,755 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">59.7 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">%</span></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total Dutch Bros OpCo Class A common units outstanding</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">177,115 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">100.0 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">%</span></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">_________________</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">1    </span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Includes approximately 1.3 million Dutch Bros OpCo Class A common units related to unvested restricted stock awards held by former Profits Interest Units holders. These Dutch Bros OpCo Class A common units are excluded from non-controlling interest calculations.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The weighted-average ownership percentage for the applicable reporting period is used to attribute net income (loss) to Dutch Bros Inc. and the non-controlling interest holders. The non-controlling interest holders’ weighted-average ownership percentage were as follows for the periods presented:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:49.541%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.601%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Three Months Ended September 30,</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30,</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Weighted-average ownership percentage</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">64.1 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">%</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">67.0%</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">64.8 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">%</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">68.5%</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table summarizes the effect of changes in ownership of Dutch Bros OpCo on the Company’s equity for the periods presented:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:49.541%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.601%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Three Months Ended September 30,</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30,</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Net income (loss) attributable to Dutch Bros Inc.</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4,210 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,763 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,120 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(4,090)</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Other comprehensive income:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Unrealized gain on derivative securities, effective portion, net of income tax expense</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">188 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">703 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">280 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">848 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Transfers from (to) non-controlling interests:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Decrease in accumulated deficit as a result of the adoption of ASC 842</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">— </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">— </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">— </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">122 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Increase in additional paid-in capital as a result of equity-based compensation</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,864 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,656 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">10,609 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">10,083 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Decrease in additional paid-in capital as a result of common stock issuances pursuant to vesting of equity awards, net of stock withheld for tax</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">— </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">— </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(661)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(1,145)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Increase (decrease) in additional paid-in capital as a result of the acquisition of Dutch Bros OpCo Class A common units</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(189,072)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4,528 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(187,950)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">9,408 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Total effect of changes in ownership interest on equity attributable to Dutch Bros Inc.</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(180,810)</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">10,650 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(174,602)</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">15,226 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div> 1 <div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table summarizes the ownership interest in Dutch Bros OpCo:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:65.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.925%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.927%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">September 30, 2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">OpCo Units</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Ownership %</span></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Dutch Bros OpCo Class A common units held by Dutch Bros Inc.</span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">1</span></div></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">71,360 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">40.3 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Dutch Bros OpCo Class A common units held by non-controlling interest holders</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">105,755 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">59.7 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">%</span></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total Dutch Bros OpCo Class A common units outstanding</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">177,115 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">100.0 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">%</span></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">_________________</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-align:justify;text-indent:-9pt"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">1    </span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Includes approximately 1.3 million Dutch Bros OpCo Class A common units related to unvested restricted stock awards held by former Profits Interest Units holders. These Dutch Bros OpCo Class A common units are excluded from non-controlling interest calculations.</span></div> 71360000 0.403 105755000 0.597 177115000 1.000 1300000 The non-controlling interest holders’ weighted-average ownership percentage were as follows for the periods presented:<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:49.541%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.601%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Three Months Ended September 30,</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30,</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Weighted-average ownership percentage</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">64.1 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">%</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">67.0%</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">64.8 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">%</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">68.5%</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table> 0.641 0.670 0.648 0.685 <div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table summarizes the effect of changes in ownership of Dutch Bros OpCo on the Company’s equity for the periods presented:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:49.541%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.601%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Three Months Ended September 30,</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30,</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Net income (loss) attributable to Dutch Bros Inc.</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4,210 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,763 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,120 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(4,090)</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Other comprehensive income:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Unrealized gain on derivative securities, effective portion, net of income tax expense</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">188 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">703 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">280 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">848 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Transfers from (to) non-controlling interests:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Decrease in accumulated deficit as a result of the adoption of ASC 842</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">— </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">— </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">— </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">122 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Increase in additional paid-in capital as a result of equity-based compensation</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,864 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,656 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">10,609 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">10,083 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Decrease in additional paid-in capital as a result of common stock issuances pursuant to vesting of equity awards, net of stock withheld for tax</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">— </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">— </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(661)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(1,145)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Increase (decrease) in additional paid-in capital as a result of the acquisition of Dutch Bros OpCo Class A common units</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(189,072)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4,528 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(187,950)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">9,408 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Total effect of changes in ownership interest on equity attributable to Dutch Bros Inc.</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(180,810)</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">10,650 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(174,602)</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">15,226 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div> 4210000 1763000 3120000 -4090000 188000 703000 280000 848000 0 0 0 122000 3864000 3656000 10609000 10083000 0 0 661000 1145000 -189072000 4528000 -187950000 9408000 -180810000 10650000 -174602000 15226000 <div style="margin-bottom:9pt"><span style="color:#00416b;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%">NOTE 15 — Income (Loss) Per Share</span><span style="color:#ee2724;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Basic net income (loss) per share of Class A and Class D common stock is computed by dividing net income (loss) attributable to Dutch Bros Inc. by the weighted-average number of shares of Class A and Class D common stock outstanding during the period. </span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Diluted net income (loss) per share of Class A and Class D common stock is computed by dividing net income (loss) attributable to the Company, adjusted for the assumed exchange of all potentially dilutive instruments for Class A common stock, by the weighted-average number of shares of Class A and Class D common stock outstanding, adjusted to give effect to potentially dilutive elements. Share counts used in the diluted net income (loss) per share calculations are adjusted for the deemed repurchases provided for in the treasury stock method for restricted stock awards and restricted stock units, and under the if-converted method for the outstanding convertible Class B and Class C common stock.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following tables set forth the numerators and denominators used to compute basic and diluted net income (loss) per share of Class A and Class D common stock for the periods presented. </span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:49.701%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.438%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.601%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Three Months Ended September 30,</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30,</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Numerator:</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Net income (loss)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">13,401 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,594 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">13,721 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(16,436)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Less: Net income (loss) attributable to non-controlling interests</span></div></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">9,191 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(169)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">10,601 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(12,346)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Net income (loss) attributable to Dutch Bros Inc.</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4,210 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,763 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,120 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(4,090)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:49.541%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.601%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Three Months Ended September 30,</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands, except per share amounts)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Basic net income (loss) per share attributable to common stockholders</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Numerator:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:9pt;padding-left:15pt"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Net income (loss) attributable to Dutch Bros Inc.</span></div></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4,210 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,763 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,120 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(4,090)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Denominator:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 16pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Weighted-average number of shares of Class A and Class D common stock outstanding - basic</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">59,366 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">53,118 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">57,598 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">50,719 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Basic net income (loss) per share attributable to common stockholders</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">0.07 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">0.03 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">0.05 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(0.08)</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:40.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.842%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.842%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.842%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.844%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Three Months Ended September 30,</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands, except per share amounts)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Diluted net income (loss) per share attributable to common stockholders</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Numerator:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Undistributed net income (loss) for basic computation</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4,210 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,763 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,120 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(4,090)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Increase (decrease) in net income (loss) attributable to common stockholders upon conversion of potentially dilutive instruments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">44 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(1)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Allocation of undistributed net income (loss)</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4,254 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,762 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,120 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(4,090)</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Denominator:</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Number of shares used in basic computation</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">59,366 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">53,118 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">57,598 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">50,719 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Add: weighted-average effect of dilutive securities</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 28pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Restricted stock awards</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">848 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,300 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Weighted-average number of shares of Class A and Class D common stock outstanding used to calculate diluted net loss per share</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">60,214 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">54,418 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">57,598 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">50,719 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Diluted net income (loss) per share attributable to common stockholders</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">0.07 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">0.03 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">0.05 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(0.08)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table>Shares of the Company’s Class B and Class C common stock do not participate in the earnings or losses of the Company and are therefore not participating securities. As such, separate presentation of basic and diluted income (loss) per share of Class B and Class C common stock under the two-class method has not been presented.<div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following Class A common stock equivalents were excluded from diluted net income (loss) per share in the periods presented because they were anti-dilutive:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:49.541%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.601%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Three Months Ended September 30,</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Restricted stock awards</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">— </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">— </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,315 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2,667 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Restricted stock units</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">643 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">555 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">643 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">555 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total anti-dilutive securities</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">643 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">555 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,958 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,222 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div> <div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following tables set forth the numerators and denominators used to compute basic and diluted net income (loss) per share of Class A and Class D common stock for the periods presented. </span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:49.701%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.438%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.601%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Three Months Ended September 30,</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30,</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Numerator:</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Net income (loss)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">13,401 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,594 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">13,721 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(16,436)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Less: Net income (loss) attributable to non-controlling interests</span></div></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">9,191 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(169)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">10,601 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(12,346)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Net income (loss) attributable to Dutch Bros Inc.</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4,210 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,763 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,120 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(4,090)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:49.541%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.601%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Three Months Ended September 30,</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands, except per share amounts)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Basic net income (loss) per share attributable to common stockholders</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Numerator:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:9pt;padding-left:15pt"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Net income (loss) attributable to Dutch Bros Inc.</span></div></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4,210 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,763 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,120 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(4,090)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Denominator:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 16pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Weighted-average number of shares of Class A and Class D common stock outstanding - basic</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">59,366 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">53,118 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">57,598 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">50,719 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Basic net income (loss) per share attributable to common stockholders</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">0.07 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">0.03 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">0.05 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(0.08)</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:40.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.842%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.842%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.842%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.844%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Three Months Ended September 30,</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands, except per share amounts)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Diluted net income (loss) per share attributable to common stockholders</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Numerator:</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Undistributed net income (loss) for basic computation</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4,210 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,763 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,120 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(4,090)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Increase (decrease) in net income (loss) attributable to common stockholders upon conversion of potentially dilutive instruments</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">44 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(1)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Allocation of undistributed net income (loss)</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4,254 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,762 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,120 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(4,090)</span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Denominator:</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Number of shares used in basic computation</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">59,366 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">53,118 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">57,598 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">50,719 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Add: weighted-average effect of dilutive securities</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 28pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Restricted stock awards</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">848 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,300 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Weighted-average number of shares of Class A and Class D common stock outstanding used to calculate diluted net loss per share</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">60,214 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">54,418 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">57,598 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">50,719 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Diluted net income (loss) per share attributable to common stockholders</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">0.07 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">0.03 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">0.05 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(0.08)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table> 13401000 1594000 13721000 -16436000 9191000 -169000 10601000 -12346000 4210000 1763000 3120000 -4090000 4210000 1763000 3120000 -4090000 59366000 53118000 57598000 50719000 0.07 0.03 0.05 -0.08 4210000 1763000 3120000 -4090000 44000 -1000 0 0 4254000 1762000 3120000 -4090000 59366000 53118000 57598000 50719000 848000 1300000 0 0 60214000 54418000 57598000 50719000 0.07 0.03 0.05 -0.08 <div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following Class A common stock equivalents were excluded from diluted net income (loss) per share in the periods presented because they were anti-dilutive:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:49.541%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.601%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Three Months Ended September 30,</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Restricted stock awards</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">— </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">— </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,315 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2,667 </span></td><td style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Restricted stock units</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">643 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">555 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">643 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">555 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total anti-dilutive securities</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">643 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">555 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,958 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,222 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div> 0 0 1315000 2667000 643000 555000 643000 555000 643000 555000 1958000 3222000 <div style="margin-bottom:9pt"><span style="color:#00416b;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%">NOTE 16 — Commitments and Contingencies</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#006098;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Purchase Obligations</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company enters into fixed-price and price-to-be fixed green coffee purchase commitments. For both fixed-price and price-to-be fixed purchase commitments, the Company expects to take delivery of green coffee and to utilize the coffee in a reasonable period of time in the ordinary course of business. Such contracts are used in the normal purchases of green coffee and not for speculative purposes. The Company does not enter into futures contracts or other derivative instruments related to its green coffee purchase commitments.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#006098;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Guarantees</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company periodically provides guarantees to franchise partners for lease payments. Annually, the Company determines if a liability needs to be recorded related to these guarantees. As of September 30, 2023 and December 31, 2022, the Company had guaranteed approximately $1.5 million and $1.6 million, respectively, in franchise partners’ lease payments and has not established a liability for these guarantees as any liability arising from the guarantees is not material to the condensed consolidated financial statements.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#006098;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Legal Proceedings</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is a party to routine legal actions arising in the ordinary course of and incidental to its business. These claims, legal proceedings, and litigation principally arise from alleged casualty, employment, and other disputes. </span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In regard to estimated expense related to such alleged legal disputes, the Company had previously accrued a liability of approximately $2.0 million, which is included within accrued liabilities on the Company’s condensed consolidated balance sheet as of September 30, 2023. The related expense is reflected in selling, general and administrative expense for the nine months ended September 30, 2023.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In determining loss contingencies, the Company considers the likelihood of loss as well as the ability to reasonably estimate the amount of such loss or liability. An estimated loss is recognized when it is considered probable that a liability has been incurred and when the amount of loss can be reasonably estimated. </span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Because litigation is inherently unpredictable, assessing contingencies is highly subjective and requires judgments about future events. When evaluating litigation contingencies, we may be unable to provide a meaningful estimate due to a number of factors, including the procedural status of the matter in question, developments in legislation or regulations that affect the validity of certain claims and defenses, the availability of appellate remedies, insurance coverage related to the claim or claims in question, the presence of complex or novel legal theories, and/or the ongoing discovery and development of information important to the matter.</span></div>Any claim, proceeding or litigation has an element of uncertainty, and an unfavorable outcome may have a material adverse effect on the Company’s financial condition, results of operations, or cash flows. <div style="margin-bottom:3pt"><span style="color:#006098;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Litigation Related to Securities Claims</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On March 1, 2023, plaintiff Jerry Peacock filed a putative class action lawsuit in U.S. District Court for the Southern District of New York against Dutch Bros Inc. and certain of its executive officers for alleged violations of U.S. federal securities laws. On August 3, 2023, the court appointed a lead plaintiff and re-captioned the case </span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Douglas Rein, Individually and On Behalf of All Others Similarly Situated v. Dutch Bros, Inc. et al</span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. On August 31, 2023 an amended complaint was filed (the Amended Complaint) which asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as amended (the Exchange Act), on behalf of a proposed class consisting of those who acquired Dutch Bros Inc.’s securities between November 10, 2021 and May 11, 2022. The Amended Complaint generally alleges that the defendants made false or misleading statements about the impact of commodity inflation on the Company’s financial results for the first quarter of 2022. The Amended Complaint primarily seeks compensatory damages for all affected members of the purported class. On September 28, 2023, the defendants filed a motion to dismiss the Amended Complaint, and the lead plaintiff filed a response on October 26, 2023. The Company has until November 9, 2023 to file a reply.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition, on June 14, 2023, June 30, 2023, and July 18, 2023, respectively, plaintiffs Brennan Hudson, Darren Wakefield, and Amanda Boster each filed a putative stockholder derivative lawsuit in U.S. District Court for the Southern District of New York. The complaints name Dutch Bros Inc. as a nominal defendant and purport to bring claims on behalf of Dutch Bros Inc. against certain of Dutch Bros Inc.’s directors and executive officers for alleged breaches of their fiduciary duties in relation to substantially the same factual allegations as the above-described putative class action lawsuit. The complaints each primarily seek to recover for Dutch Bros Inc. compensatory damages for losses allegedly sustained by Dutch Bros Inc. related to the facts alleged, restitution, and equitable relief in the form of revisions to Dutch Bros Inc.’s governing documents. On July 27, 2023, the three actions were consolidated, and the consolidated action is now captioned </span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">In re Dutch Bros Inc. Derivative Litigation</span><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. On September 14, 2023, the court entered an order staying the consolidated action pending the resolution of the motion to dismiss in the above-described putative class action lawsuit and entry of a scheduling order in the consolidated action.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On November 3, 2023, plaintiff David Briggs filed a putative stockholder derivative lawsuit in the Delaware Court of Chancery. The complaint names Dutch Bros Inc. as a nominal defendant and purports to bring claims on behalf of Dutch Bros Inc. against certain of Dutch Bros Inc.’s directors and executive officers for alleged breaches of their fiduciary duties in relation to substantially the same factual allegations as the above-described putative class action lawsuit. The complaint primarily seeks to recover for Dutch Bros Inc. compensatory damages for losses allegedly sustained by Dutch Bros Inc. related to the facts alleged, restitution, and equitable relief in the form of revisions to Dutch Bros Inc.’s governing documents.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company intends to vigorously defend these lawsuits. Given the nature of these cases, including that the proceedings are in their early stages, the Company is unable to predict the ultimate outcome of these cases or estimate the range of potential loss, if any.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#006098;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Liabilities Under Tax Receivable Agreements</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Under the TRAs, Dutch Bros Inc. is contractually committed to pay the non-controlling interest holders 85% of the amount of any tax benefits that Dutch Bros Inc. actually realizes, or in some cases is deemed to realize, as a result of certain transactions. As of September 30, 2023, Dutch Bros Inc. recognized $219.2 million of liabilities related to its obligations under the TRAs.</span></div> 1500000 1600000 2000000.0 219200000 <div style="margin-bottom:9pt"><span style="color:#00416b;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%">NOTE 17 — Related Party Transactions</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s donations to the Dutch Bros Foundation (the Foundation), a not-for-profit founded by the Company that provides philanthropy to coffee farmers and local communities and for which the Company’s Chief Executive Officer (CEO) and Chief Operating Officer (COO) serve on the board of directors, were as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:49.541%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.601%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Three Months Ended September 30,</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30,</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Donations to Dutch Bros Foundation</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">63 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,866 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">189 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5,086 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the three and nine months ended September 30, 2023, the Company and the Foundation focused on local community givebacks.</span></div> <div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s donations to the Dutch Bros Foundation (the Foundation), a not-for-profit founded by the Company that provides philanthropy to coffee farmers and local communities and for which the Company’s Chief Executive Officer (CEO) and Chief Operating Officer (COO) serve on the board of directors, were as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:49.541%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.601%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Three Months Ended September 30,</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30,</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Donations to Dutch Bros Foundation</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">63 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,866 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">189 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5,086 </span></td><td style="background-color:#d2dce5;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div> 63000 1866000 189000 5086000 <div style="margin-bottom:9pt"><span style="color:#00416b;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%">NOTE 18 — Segment Reporting</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Segment information is prepared on the same basis that the Company’s CEO, who is the chief operating decision maker (the CODM), manages the segments, evaluates financial results and makes key operating decisions. The Company’s CEO evaluates the financial performance of the Company based on two operating segments: Company-operated shops and Franchising and other. The Company-operated shops segment includes coffee shop sales to customers. The Franchising and other segment includes bean and product sales to franchise partners and includes the initial franchise fees, royalties, and marketing fees.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The CODM reviews segment performance and allocates resources based upon segment contribution, which is defined as segment gross profit before depreciation and amortization. </span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">All segment revenue is earned in the United States, and there are no intersegment revenues. The CODM does not evaluate operating segments using discrete asset information, and we do not identify or allocate assets by operating segments.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Selling, general and administrative expenses primarily consist of the Company’s unallocated corporate expenses. Unallocated corporate expenses include corporate administrative functions that support the segments but are not directly attributable to or managed by any segment and are not included in the reported financial results of the segments.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">No changes have been made to the Company’s segments during the three and nine months ended September 30, 2023. In addition, no customer represented 10% or more of total revenue for the three and nine months ended September 30, 2023 and 2022. </span></div><div style="margin-bottom:9pt"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial information for the Company’s reportable segments was as follows for the periods presented:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:49.541%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.601%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ee2724;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Three Months Ended September 30,</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022 </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Revenues:</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Company-operated shops</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">236,472 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">173,501 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">630,588 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">464,200 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Franchising and other</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt 0 10pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">28,035 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">25,147 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">81,065 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">72,985 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total revenues</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">264,507 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">198,648 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">711,653 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">537,185 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cost of sales:</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Company-operated shops</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 10pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">179,480 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">138,781 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">492,645 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">381,623 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Franchising and other</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt 0 10pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">9,843 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">9,311 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">26,837 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">29,006 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total cost of sales</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">189,323 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">148,092 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">519,482 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">410,629 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Segment contribution:</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Company-operated shops</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">73,324 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">44,344 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">182,075 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">107,648 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Franchising and other</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt 0 10pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">19,563 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">17,314 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">58,257 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">48,319 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total segment contribution</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">92,887 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">61,658 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">240,332 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">155,967 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Depreciation and amortization:</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Company-operated shops</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">16,332 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">9,624 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">44,132 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">25,071 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Franchising and other</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,371 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,478 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4,029 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4,340 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total depreciation and amortization</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">17,703 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">11,102 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">48,161 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">29,411 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Selling, general and administrative</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(50,490)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(45,378)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(148,128)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(132,934)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Interest expense, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(9,325)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(5,011)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(26,269)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(11,096)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:9pt"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Other income (expense), net</span></div></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(140)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(1,944)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2,206 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(1,662)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Income (loss) before income taxes</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">15,229 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(1,777)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">19,980 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(19,136)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div> 2 <div style="margin-bottom:9pt"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial information for the Company’s reportable segments was as follows for the periods presented:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:49.541%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.598%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.601%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ee2724;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Three Months Ended September 30,</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nine Months Ended September 30,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022 </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2023</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2022</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Revenues:</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Company-operated shops</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">236,472 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">173,501 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">630,588 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">464,200 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Franchising and other</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt 0 10pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">28,035 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">25,147 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">81,065 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">72,985 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total revenues</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">264,507 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">198,648 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">711,653 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">537,185 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cost of sales:</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Company-operated shops</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 10pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">179,480 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">138,781 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">492,645 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">381,623 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Franchising and other</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt 0 10pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">9,843 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">9,311 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">26,837 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">29,006 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total cost of sales</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">189,323 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">148,092 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">519,482 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">410,629 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Segment contribution:</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Company-operated shops</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">73,324 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">44,344 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">182,075 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">107,648 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Franchising and other</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt 0 10pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">19,563 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">17,314 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">58,257 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">48,319 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total segment contribution</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">92,887 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">61,658 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">240,332 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">155,967 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Depreciation and amortization:</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="3" style="background-color:#d2dce5;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Company-operated shops</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">16,332 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">9,624 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">44,132 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">25,071 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Franchising and other</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,371 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,478 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4,029 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4,340 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total depreciation and amortization</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">17,703 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">11,102 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">48,161 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">29,411 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Selling, general and administrative</span></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(50,490)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(45,378)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(148,128)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(132,934)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Interest expense, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(9,325)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(5,011)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(26,269)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(11,096)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#d2dce5;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:9pt"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Other income (expense), net</span></div></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(140)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(1,944)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2,206 </span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d2dce5;padding:0 1pt"></td><td colspan="2" style="background-color:#d2dce5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(1,662)</span></td><td style="background-color:#d2dce5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Income (loss) before income taxes</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">15,229 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(1,777)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">19,980 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#131e29;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(19,136)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div> 236472000 173501000 630588000 464200000 28035000 25147000 81065000 72985000 264507000 198648000 711653000 537185000 179480000 138781000 492645000 381623000 9843000 9311000 26837000 29006000 189323000 148092000 519482000 410629000 73324000 44344000 182075000 107648000 19563000 17314000 58257000 48319000 92887000 61658000 240332000 155967000 16332000 9624000 44132000 25071000 1371000 1478000 4029000 4340000 17703000 11102000 48161000 29411000 50490000 45378000 148128000 132934000 -9325000 -5011000 -26269000 -11096000 -140000 -1944000 2206000 -1662000 15229000 -1777000 19980000 -19136000 false false false During our last fiscal quarter, entities controlled by our Co-Founder adopted a Rule 10b5-1 trading arrangement (the Trading Plan), providing for the sale of up to 6,472,456 shares of our Class A common stock upon the exchange of Class A common units of Dutch Bros OpCo and corresponding Class B common stock pursuant to the terms of the Third Amended and Restated Limited Liability Company Agreement of Dutch Bros OpCo. The Trading Plan’s expiration date is November 13, 2024. The Trading Plan is intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act. Co-Founder true 6472456 Subsequent to the Company’s January 1, 2022 adoption of the lease standard, the Company continued to review relevant lease contract elements and improve business processes, which resulted in adjustments to the Company’s adoption entries. Subsequent to the Company’s January 1, 2022 adoption of the lease standard, the Company continued to review relevant lease contract elements and improve business processes, which resulted in adjustments to the Company’s adoption entries.