Fair Value Measurement (Tables)

12 Months Ended

Dec. 30, 2022

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

The fair values and related carrying values of financial instruments that are not required to be remeasured at fair value on the consolidated statements of operations were as follows:

	As of December 30, 2022				As of December 31, 2021
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Assets
Notes receivable, net	$	59	$	59	$	6,484	$	6,764
Liabilities
Term Loan	$	461,513	$	421,130	$	465,000	$	462,675
Incremental Term Loan	$	55,000	$	51,700	$	—	$	—

Level 3 Measurement Valuation

	Fair value at December 30, 2022	Valuation Technique	Unobservable Input	Volatility
Contingent Value Rights	$1,700	Monte Carlo	Volatility	60%

The fair values of the stock options were derived using the following key assumptions:

	Time-based Options		Market-based Options
Expected term	3.1-7.0 years years		2.5 years
Risk-free rate of return	0.4 -1.0%		0.6	%
Expected dividend yield	—	%	—	%
Expected volatility	45	%	45	%

CVR Reconciliation

Changes in the CVRs for the years ended December 30, 2022, December 31, 2021 and December 25, 2020 were as follows:

CVR fair value – December 27, 2019	$	3,200
Fair value adjustments	800
CVR fair value – December 25, 2020	$	4,000
Fair value adjustments	4,900
CVR fair value – December 31, 2021	$	8,900
Fair value adjustments	(7,200)
CVR fair value – December 30, 2022	$	1,700