XML 51 R37.htm IDEA: XBRL DOCUMENT v3.26.1
Leases (Tables)
12 Months Ended
Dec. 30, 2025
Leases [Abstract]  
Schedule of Lease Costs and Supplemental Information
Supplemental balance sheet information related to leases is as follows (in thousands):
Classification20252024
Assets
OperatingOperating lease assets, net $126,319 $157,821 
FinanceProperty and equipment6,373 3,807 
Total leased assets$132,692 $161,628 
Liabilities
Current lease liabilities
OperatingCurrent operating lease liabilities$26,257 $32,055 
FinanceAccrued expenses and other current liabilities1,877 1,976 
Long-term lease liabilities
OperatingLong-term operating lease liabilities126,924 156,723 
FinanceOther long-term liabilities5,020 2,014 
Total lease liabilities$160,078 $192,768 
The components of lease costs are as follows (in thousands):
Year EndedYear Ended
Year Ended
ClassificationDecember 30, 2025December 31, 2024January 2, 2024
Operating lease costOccupancy, other restaurant operating costs, general and administrative expenses, and pre-opening costs$36,934 $39,416 $39,192 
Closure costs, loss on disposals and other2,341 2,833 2,929 
Finance lease cost
Amortization of lease assetsDepreciation and amortization2,122 2,243 2,270 
Interest on lease liabilitiesInterest expense, net659 186 297 
42,056 44,678 44,688 
Sublease incomeFranchising royalties and fees, and other(2,695)(3,094)(3,087)
Total lease cost, net$39,361 $41,584 $41,601 
Lease term and discount rate are as follows:
December 30, 2025December 31, 2024
Weighted average remaining lease term (years):
Operating6.97.8
Finance3.62.5
Weighted average discount rate:
Operating8.2 %8.0 %
Finance9.3 %7.2 %
Supplemental disclosures of cash flow information related to leases are as follows (in thousands):
Cash paid for lease liabilities:20252024
Operating leases$41,793 $43,643 
Finance leases2,430 2,626 
$44,223 $46,269 
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases$4,602 $3,978 
Finance leases4,810 2,639 
$9,412 $6,617 
Schedule of Future Minimum Lease Payments for Finance Leases
Future minimum lease payments required under existing leases as of December 30, 2025 are as follows (in thousands):
Operating LeasesFinance LeasesTotal
2026$37,328 $2,431 $39,759 
202736,098 2,349 38,447 
202830,636 1,574 32,210 
202924,849 1,623 26,472 
203018,663 160 18,823 
Thereafter52,504 52,511 
Total lease payments200,078 8,144 208,222 
Less: Imputed interest46,897 1,247 48,144 
Present value of lease liabilities$153,181 $6,897 $160,078 
Schedule of Future Minimum Lease Payments for Operating Leases
Future minimum lease payments required under existing leases as of December 30, 2025 are as follows (in thousands):
Operating LeasesFinance LeasesTotal
2026$37,328 $2,431 $39,759 
202736,098 2,349 38,447 
202830,636 1,574 32,210 
202924,849 1,623 26,472 
203018,663 160 18,823 
Thereafter52,504 52,511 
Total lease payments200,078 8,144 208,222 
Less: Imputed interest46,897 1,247 48,144 
Present value of lease liabilities$153,181 $6,897 $160,078