RELATED PARTY TRANSACTIONS

9 Months Ended

Sep. 27, 2023

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

Union Square Hospitality Group

The Chairman of the Board of Directors serves as the Executive Chairman of Union Square Hospitality Group, LLC. As a result, Union Square Hospitality Group, LLC and its subsidiary, set forth below, are considered related parties.

Hudson Yards Sports and Entertainment

In fiscal 2011, Shake Shack entered into a Master License Agreement (as amended, "MLA") with Hudson Yards Sports and Entertainment LLC ("HYSE") to operate Shake Shack branded limited menu concession stands in sports and entertainment venues within the United States. In February 2019, the agreement was assigned to Hudson Yards Catering ("HYC"), the parent of HYSE. The agreement expires in January 2027 and includes five consecutive five-year renewal options at HYC's option. As consideration for these rights, HYC pays the Company a license fee based on a percentage of net food sales, as defined in the MLA. HYC also pays a percentage of profits on sales of branded beverages, as defined in the MLA.

		Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	Classification	September 27 2023		September 28 2022		September 27 2023		September 28 2022
Amounts received from HYC	Licensing revenue	$	419	$	180	$	728	$	402

	Classification	September 27 2023		December 28 2022
Amounts due from HYC	Accounts receivable, net	$	143	$	69

Madison Square Park Conservancy

The Chairman of the Board of Directors serves as a director of the Madison Square Park Conservancy ("MSP Conservancy"), with which Shake Shack has a license agreement and pays license fees to operate the Madison Square Park Shack. No amounts were due to MSP Conservancy as of September 27, 2023 and December 28, 2022.

		Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	Classification	September 27 2023		September 28 2022		September 27 2023		September 28 2022
Amounts paid to MSP Conservancy	Occupancy and related expenses	$	224	$	383	$	672	$	859

Olo, Inc.

The Chairman of the Board of Directors serves as a director of Olo, Inc. (formerly known as "Mobo Systems, Inc."), a platform the Company uses in connection with its mobile ordering application.

		Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	Classification	September 27 2023		September 28 2022		September 27 2023		September 28 2022
Amounts paid to Olo, Inc.	Other operating expenses	$	156	$	110	$	423	$	316

	Classification	September 27 2023		December 28 2022
Amounts due to Olo, Inc.	Accounts payable Accrued expenses	$	112	$	39

Block, Inc.

The Company's Chief Executive Officer is a member of the board of directors of Block, Inc. (formerly known as "Square, Inc."). The Company currently uses certain point-of-sale applications, payment processing services, hardware and other enterprise platform services in connection with its kiosk technology, sales for certain off-site events and the processing of a limited amount of sales at certain locations.

		Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	Classification	September 27 2023		September 28 2022		September 27 2023		September 28 2022
Amounts paid to Block, Inc.	Other operating expenses	$	2,520	$	1,092	$	6,105	$	2,952

	Classification	September 27 2023		December 28 2022
Amounts due to Block, Inc.	Accounts payable Accrued expenses	$	40	$	55

Tax Receivable Agreement

The Company entered into a Tax Receivable Agreement that provides for the payment by the Company of 85% of the amount of any tax benefits that are actually realized, or in some cases are deemed to realize, as a result of certain transactions. Refer to Note 10, Income Taxes, for additional information. No payments were made to the members of SSE Holdings pursuant to the Tax Receivable Agreement during the thirty-nine weeks ended September 27, 2023 and September 28, 2022.

	Classification	September 27 2023		December 28 2022
Amounts due under the Tax Receivable Agreement	Other current liabilities Liabilities under Tax Receivable Agreement, net of current portion	$	235,614	$	234,893

Distributions to Members of SSE Holdings

Under the terms of the SSE Holdings LLC Agreement, SSE Holdings is obligated to make tax distributions to its members. No tax distributions were payable to non-controlling interest holders as of September 27, 2023 and December 28, 2022, respectively.

		Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	Classification	September 27 2023		September 28 2022		September 27 2023		September 28 2022
Amounts paid to non-controlling interest holders	Non-controlling interests	$	79	$	65	$	131	$	389