Leases (Tables)

3 Months Ended

Mar. 29, 2026

Leases

Schedule of components of lease expense

The components of lease expense for the three periods ended March 29, 2026 and March 30, 2025 were as follows (in thousands):

	March 29,			March 30,
	2026			2025
Lease cost
Operating lease cost	$	11,335		$	11,197
Finance lease cost
Amortization of ROU assets		52			54
Interest on lease liabilities		18			24
Total finance lease cost		70			78
Variable lease cost (1)		6,281			7,091
Short-term lease cost		1,092			898
Total lease cost	$	18,778		$	19,264
Weighted average remaining lease term
Operating leases		13 years			13 years
Finance leases		3 years			4 years
Weighted average discount rate
Operating leases		10.42	%		10.35	%
Finance leases		11.14	%		11.14	%

(1) Variable lease cost is comprised of percentage rent and common area maintenance.

Summary of components of finance lease assets and liabilities on the condensed consolidated balance sheet

The components of finance lease assets and liabilities on the condensed consolidated balance sheet were as follows (in thousands):

	March 29,		December 28,
	2026		2025
Finance lease right-of-use assets (1)	$	526	$	573
Current portion of finance lease liabilities (1)		197		191
Long-term portion of finance lease liabilities (1)		394		457

(1) Finance lease assets and liabilities are included in other assets, other current liabilities, and other long-term liabilities on the condensed consolidated balance sheet.

Schedule of supplemental cash flow information related to leases

Supplemental cash flow information related to leases for the period was as follows (in thousands):

	March 29,		March 30,
	2026		2025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	11,129	$	11,769
Operating cash flows from finance leases	$	52	$	54
Financing cash flows from finance leases	$	65	$	90
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	5,353	$	—

Schedule of maturities of operating lease liabilities

As of March 29, 2026, maturities of the Company’s operating lease liabilities are as follows (in thousands):

2026, nine periods remaining	$	26,544
2027		44,811
2028		47,325
2029		47,938
2030		47,690
Thereafter		374,852
Total lease payments		589,160
Less: imputed interest		(280,638)
Present value of operating lease liabilities	$	308,522

Schedule of maturities of finance lease liabilities

As of March 29, 2026, maturities of the Company’s finance lease liabilities are as follows (in thousands):

2026, nine periods remaining	$	200
2027		253
2028		231
Total lease payments		684
Less: imputed interest		(93)
Present value of finance lease liabilities	$	591