Receivables

12 Months Ended

Dec. 28, 2025

Receivables [Abstract]

Receivables

Receivables

Total receivables balances at December 28, 2025 and December 29, 2024 were as follows:

Receivables	2025		2024
	(In millions)
Accounts receivable	$	75.2	$	72.0
Gift card receivables	33.3		34.7
Notes receivable	20.9		14.7
Leases receivable	24.8		31.5
Other receivables	4.9		2.9
	159.1		155.8
Less: allowance for doubtful accounts and notes receivable	(6.3)		(4.7)
	152.8		151.1
Less: current portion	(119.0)		(115.2)
Long-term receivables	$	33.8	$	35.9

Changes in the allowance for credit losses during the years ended December 28, 2025 and December 29, 2024 were as follows:

	Total
	(In millions)
Balance, December 31, 2023	$	9.5
Bad debt expense (recovery)	0.7
Other	0.1
Write-offs	(5.5)
Balance, December 29, 2024	$	4.7
Bad debt expense (recovery)	3.4
Other	(0.3)
Write-offs	(1.5)
Balance, December 28, 2025	$	6.3

The $5.5 million of write-offs for the year ended December 29, 2024 is primarily due to $3.8 million recorded for notes receivable and $1.0 million recorded for accounts receivable. The $3.4 million of bad debt expense recorded for the year ended December 28, 2025 is primarily due to $2.6 million recorded for accounts receivable. All other adjustments to the reserve for both years presented is not significant.

The Company's primary credit quality indicator for all portfolio segments is delinquency. Generally, the notes receivables, real estate leases receivables, equipment leases receivables, and other receivables (primarily consists of credit card receivables) are not delinquent.

The year of origination of the Company's notes and financing receivables at December 28, 2025 is as follows:

	Notes receivable, short and long-term		Leases Receivables		Total
	(In millions)
2025	$	8.8	$	1.4	$	10.2
2024	7.2		2.0		9.2
2023	4.4		3.5		7.9
2022	0.3		7.3		7.6
2021	0.2		1.9		2.1
Prior	—		8.8		8.8
Total	$	20.9	$	24.9	$	45.8

The Company does not place its financing receivables in non-accrual status.