LEASES (Tables)

3 Months Ended

Apr. 01, 2026

LEASES

Schedule of lease cost

The following table presents the Company’s total lease cost, disaggregated by underlying asset (in thousands):

	Thirteen Weeks Ended
	April 1, 2026						March 26, 2025
	Property		Equipment				Property		Equipment
	Leases		Leases		Total		Leases		Leases		Total
Finance lease cost:
Amortization of right-of-use assets	$	17	$	21	$	38	$	19	$	30	$	49
Interest on lease liabilities		9		3		12		9		5		14
Operating lease cost:
Fixed rent cost		7,333		80		7,413		7,184		103		7,287
Short-term lease cost		—		3		3		—		28		28
Variable lease cost		103		432		535		139		334		473
Sublease income		(1,687)		—		(1,687)		(1,715)		—		(1,715)
Total lease cost	$	5,775	$	539	$	6,314	$	5,636	$	500	$	6,136

The following table presents the Company’s total lease cost on the condensed consolidated statements of income (in thousands):

	Thirteen Weeks Ended
	April 1, 2026		March 26, 2025
Lease cost – Occupancy and other operating expenses	$	6,054	$	5,965
Lease cost – General & administrative		210		108
Lease cost – Depreciation and amortization		38		49
Lease cost – Interest expense		12		14
Total lease cost	$	6,314	$	6,136

During the thirteen weeks ended April 1, 2026 and March 26, 2025, the Company had the following cash and non-cash activities associated with its leases (dollars in thousands):

	Thirteen Weeks Ended April 1, 2026								Thirteen Weeks Ended March 26, 2025
	Property			Equipment					Property			Equipment
	Leases			Leases			Total		Leases			Leases			Total
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows used for operating leases	$	8,724		$	119		$	8,843	$	7,246		$	93		$	7,339
Financing cash flows used for finance leases	$	34		$	30		$	64	$	23		$	34		$	57
Non-cash investing and financing activities:
Operating lease ROU assets obtained in exchange for lease liabilities:
Operating lease ROU assets	$	5,397		$	(51)		$	5,346	$	1,414		$	—		$	1,414
Finance lease ROU assets obtained in exchange for lease liabilities:
Finance lease ROU assets	$	—		$	—		$	—	$	—		$	—		$	—
Derecognition of ROU assets due to terminations, impairment or modifications	$	—		$	—		$	—	$	—		$	—		$	—
Other Information
Weighted-average remaining years in lease term—finance leases		14.61			2.59					15.63			3.08
Weighted-average remaining years in lease term—operating leases		9.63			2.41					9.99			3.54
Weighted-average discount rate—finance leases		2.57	%		7.87	%				2.57	%		6.66	%
Weighted-average discount rate—operating leases		5.53	%		6.85	%				5.32	%		6.84	%

Schedule of Operating Leases

Information regarding the Company’s minimum future lease obligations as of April 1, 2026 is as follows (in thousands):

	Finance Leases		Operating Leases
	Minimum		Minimum		Minimum
	Lease		Lease		Sublease
For the Years Ending	Payments		Payments		Income
December 30, 2026	$	111	$	18,559	$	5,642
December 29, 2027		167		30,430		5,553
December 27, 2028		124		28,337		5,258
December 26, 2029		108		26,282		4,682
December 25, 2030		104		23,930		4,333
Thereafter		1,169		119,805		27,233
Total	$	1,783	$	247,343	$	52,701
Less: imputed interest (2.57% - 7.87%)		(288)		(59,865)
Present value of lease obligations		1,495		187,478
Less: current maturities		(117)		(16,379)
Noncurrent portion	$	1,378	$	171,099

Schedule of Financing Leases

Information regarding the Company’s minimum future lease obligations as of April 1, 2026 is as follows (in thousands):

	Finance Leases		Operating Leases
	Minimum		Minimum		Minimum
	Lease		Lease		Sublease
For the Years Ending	Payments		Payments		Income
December 30, 2026	$	111	$	18,559	$	5,642
December 29, 2027		167		30,430		5,553
December 27, 2028		124		28,337		5,258
December 26, 2029		108		26,282		4,682
December 25, 2030		104		23,930		4,333
Thereafter		1,169		119,805		27,233
Total	$	1,783	$	247,343	$	52,701
Less: imputed interest (2.57% - 7.87%)		(288)		(59,865)
Present value of lease obligations		1,495		187,478
Less: current maturities		(117)		(16,379)
Noncurrent portion	$	1,378	$	171,099