Leases (Tables)

6 Months Ended

Jun. 29, 2024

Leases [Abstract]

Schedule of Lease Assets and Lease Liabilities

At June 29, 2024 and December 30, 2023, the Company’s lease assets and lease liabilities, primarily for its studios and corporate offices, were as follows:

	June 29, 2024		December 30, 2023
Assets:
Operating leases	$	47,861	$	52,272
Finance leases		1		5
Total lease assets	$	47,862	$	52,277
Liabilities:
Current
Operating leases	$	9,492	$	9,613
Finance leases		1		4
Noncurrent
Operating leases		49,043		53,461
Finance leases		—		—
Total lease liabilities	$	58,536	$	63,078

Schedule of Components of Lease Expense

For the three and six months ended June 29, 2024 and July 1, 2023, the components of the Company’s lease expense were as follows:

	Three Months Ended					Six Months Ended
	June 29,		July 1,			June 29,			July 1,
	2024		2023			2024			2023
Operating lease cost:
Fixed lease cost	$	3,910	$	5,958		$	7,893		$	13,111
Lease termination (benefit) cost		—		(169	)		(156	)		12,050
Variable lease cost		3		15			17			31
Total operating lease cost	$	3,913	$	5,804		$	7,754		$	25,192
Finance lease cost:
Amortization of leased assets		1		12		$	3		$	38
Interest on lease liabilities		0		0			0			0
Total finance lease cost	$	1	$	12		$	3		$	38
Total lease cost	$	3,914	$	5,816		$	7,757		$	25,230

Summary of Weighted Average Remaining Lease Term and Weighted Average Discount Rates

At June 29, 2024 and December 30, 2023, the Company’s weighted average remaining lease term and weighted average discount rates were as follows:

	June 29, 2024		December 30, 2023
Weighted Average Remaining Lease Term (years)
Operating leases		7.00		7.31
Finance leases		0.45		0.48
Weighted Average Discount Rate
Operating leases		7.58		7.54
Finance leases		3.69		4.10

Schedule of Maturity of Lease Liabilities

At June 29, 2024, the maturity of the Company’s lease liabilities in each of the next five fiscal years and thereafter were as follows:

	Operating Leases		Finance Leases		Total
Remainder of fiscal 2024	$	6,497	$	1	$	6,498
Fiscal 2025		13,323		—		13,323
Fiscal 2026		10,310		—		10,310
Fiscal 2027		9,493		—		9,493
Fiscal 2028		9,050		—		9,050
Fiscal 2029		8,952		—		8,952
Thereafter		17,852		—		17,852
Total lease payments	$	75,477	$	1	$	75,478
Less imputed interest		16,942		0		16,942
Present value of lease liabilities	$	58,535	$	1	$	58,536

Summary of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases for the six months ended June 29, 2024 and July 1, 2023 were as follows:

	Six Months Ended
	June 29,			July 1,
	2024			2023
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	7,941		$	13,507
Operating cash flows from finance leases	$	0		$	0
Financing cash flows from finance leases	$	3		$	38
Lease assets obtained (modified) in exchange for new (modified) operating lease liabilities	$	1,289		$	(7,287	)
Lease assets (modified) obtained in exchange for (modified) new finance lease liabilities	$	(1	)	$	—