LEASES (Tables)

12 Months Ended

Dec. 29, 2024

Leases [Abstract]

Schedule of lease cost

The weighted average remaining lease term and discount rate were as follows as of the period indicated:

	December 29, 2024		December 31, 2023
Weighted average remaining lease term (years)	8.2		8.2
Weighted average discount rate	6.26	%	6.01	%

The components of lease cost were as follows for the fiscal years indicated:

(in thousands)	Classification	2024		2023		2022
Operating lease cost1	Occupancy, General and administrative expenses	$	52,573	$	44,201	$	42,551
Pre-opening lease cost	Pre-opening costs	3,867		4,296		3,823
Closed restaurant lease cost	Restructuring and other costs	97		558		840
Short-term lease costs	General and administrative expenses	328		364		460
Variable lease cost	Occupancy	2,695		1,421		327
Sublease income	Other income	(470)		(479)		(659)
Total lease cost		$	59,090	$	50,361	$	47,342

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1    Excludes $10.6 million, $9.4 million, and $8.5 million in fiscal 2024, 2023, and 2022, respectively, relating to variable real estate taxes, insurance, and common area maintenance costs.

Schedule of Supplemental cash flow information related to leases

Supplemental disclosures of cash flow information related to leases were as follows for the fiscal years indicated:

(in thousands)	2024		2023		2022
Cash paid for operating lease liabilities	$	58,172	$	48,739	$	49,984
Operating lease assets obtained in exchange for operating lease liabilities1	66,820		43,985		322,015
Derecognition of operating lease assets due to termination or impairment	109		4,946		17,041

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1    Amount presented for fiscal 2022 includes a $256.9 million transition adjustment for the adoption of ASC 842.

Schedule of Maturities of lease liabilities

Future minimum lease payments by fiscal year for operating leases consist of the following as of December 29, 2024:

(in thousands)	Operating Leases
2025	$	59,936
2026	65,339
2027	63,273
2028	58,377
2029	54,400
Thereafter	194,819
Total	496,144
Less: imputed interest	117,436
Operating lease liabilities (current and non-current)	$	378,708