NON-CONTROLLING INTERESTS

9 Months Ended

Sep. 27, 2023

Noncontrolling Interest [Abstract]

NON-CONTROLLING INTERESTS

NON-CONTROLLING INTERESTSShake Shack is the primary beneficiary and sole managing member of SSE Holdings and, as a result, consolidates the financial results of SSE Holdings. The Company reports a non-controlling interest representing the economic interest in SSE Holdings held by the other members of SSE Holdings. The Third Amended and Restated Limited Liability Company Agreement, as further amended, (the "LLC Agreement") of SSE Holdings provides that holders of LLC Interests may, from time to time, require SSE

Holdings to redeem all or a portion of their LLC Interests for newly-issued shares of Class A common stock on a one-for-one basis. In connection with any redemption or exchange, the Company will receive a corresponding number of LLC Interests, increasing the total ownership interest in SSE Holdings. Changes in the ownership interest in SSE Holdings while the Company retains its controlling interest in SSE Holdings will be accounted for as equity transactions. As such, future redemptions or direct exchanges of LLC Interests in SSE Holdings by the other members of SSE Holdings will result in a change in ownership and reduce the amount recorded as non-controlling interest and increase additional paid-in capital.

The following table summarizes the ownership interest in SSE Holdings:

	September 27, 2023			December 28, 2022
	LLC Interests	Ownership %		LLC Interests	Ownership %
Number of LLC Interests held by Shake Shack Inc.	39,466,268	93.3	%	39,284,998	93.2	%
Number of LLC Interests held by non-controlling interest holders	2,834,513	6.7	%	2,869,513	6.8	%
Total LLC Interests outstanding	42,300,781	100.0	%	42,154,511	100.0	%

The weighted average ownership percentages for the applicable reporting periods are used to attribute Net income (loss) and Other comprehensive income (loss) to the non-controlling interest holders.

	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	September 27 2023		September 28 2022		September 27 2023		September 28 2022
Non-controlling interest holders' weighted average ownership percentages	6.7	%	6.8	%	6.7	%	6.9	%

The following table summarizes the effects of changes in ownership of SSE Holdings on the Company's equity:

		Thirteen Weeks Ended				Thirty-Nine Weeks Ended
		September 27 2023		September 28 2022		September 27 2023		September 28 2022
Net income (loss) attributable to Shake Shack Inc.		$	7,627	$	(2,024)	$	13,041	$	(13,374)
Other comprehensive income (loss):
	Unrealized gain (loss) on foreign currency translation adjustment	1		—		(3)		(2)
Transfers (to) from non-controlling interests:
	Increase in additional paid-in capital as a result of the redemption of LLC Interests	71		7		265		313
	Decrease in additional paid-in capital as a result of activity under its stock compensation plan and the related income tax effects	(469)		(182)		(3,023)		(2,790)
Total effect of changes in ownership interest on equity (loss) attributable to Shake Shack Inc.		$	7,230	$	(2,199)	$	10,280	$	(15,853)

The following table summarizes the LLC Interests activity:

		Thirteen Weeks Ended		Thirty-Nine Weeks Ended
		September 27 2023	September 28 2022	September 27 2023	September 28 2022
LLC Interests activity under the Company's stock compensation plan
	Number of LLC Interests received by Shake Shack Inc.	7,022	11,029	146,270	85,228
Redemption and acquisition of LLC Interests
	Number of LLC Interests redeemed by non-controlling interest holders	10,000	2,000	35,000	52,074
	Number of LLC Interests received by Shake Shack Inc.	10,000	2,000	35,000	52,074
Issuance of Class A common stock
	Shares of Class A common stock issued in connection with redemptions of LLC Interests	10,000	2,000	35,000	52,074
Cancellation of Class B common stock
	Shares of Class B common stock surrendered and canceled	10,000	2,000	35,000	52,074