BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 26, 2024

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Summary of Non-Financial Instruments Measured at Fair Value on Nonrecurring Basis

The following non-financial instruments were measured at fair value on a nonrecurring basis as of and for the thirteen and twenty-six weeks ended June 28, 2023, reflecting certain property and equipment assets and right of use (“ROU”) assets for which an impairment loss was recognized during the corresponding periods, as discussed immediately below under “Impairment of Property and Equipment and ROU Assets” (in thousands):

									Thirteen Weeks		Twenty-Six Weeks
			Fair Value Measurements at June 28, 2023 Using						Ended June 28, 2023		Ended June 28, 2023
	Total		Level 1		Level 2		Level 3		Impairment Losses		Impairment Losses
Certain ROU assets, net	$	265	$	—	$	—	$	265	$	—	$	39