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NON-CONTROLLING INTERESTS | 6 Months Ended
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Jun. 26, 2024
Noncontrolling Interest [Abstract] |
NON-CONTROLLING INTERESTS | NON-CONTROLLING INTERESTS Shake 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 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 SSE Holdings, LLC membership interests ("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:
| June 26, 2024 |  | December 27, 2023
| LLC Interests |  | Ownership % |  | LLC Interests |  | Ownership %
Number of LLC Interests held by Shake Shack Inc. | 39,966,973 |  |  | 94.1 | % |  | 39,474,315 |  |  | 93.3 | %
Number of LLC Interests held by non-controlling interest holders | 2,487,936 |  |  | 5.9 | % |  | 2,834,513 |  |  | 6.7 | %
Total LLC Interests outstanding | 42,454,909 |  |  | 100.0 | % |  | 42,308,828 |  |  | 100.0 | %
The weighted average ownership percentages for the applicable reporting periods are used to attribute Net income and Other comprehensive income to the non-controlling interest holders and were as follows:
|  | Thirteen Weeks Ended |  | Twenty-Six Weeks Ended
| June 26 2024 |  | June 28 2023 |  | June 26 2024 |  | June 28 2023
Non-controlling interest holders' weighted average ownership percentages | 6.3 | % |  | 6.7 | % |  | 6.5 | % |  | 6.7 | %
The following table summarizes the effects of changes in ownership of SSE Holdings on the Company's equity:
|  | Thirteen Weeks Ended |  | Twenty-Six Weeks Ended
| June 26 2024 |  | June 28 2023 |  | June 26 2024 |  | June 28 2023
Net income attributable to Shake Shack Inc. | $ | 9,668 |  |  | $ | 6,948 |  |  | $ | 11,708 |  |  | $ | 5,414 |
Other comprehensive loss: |  |  |  |  |  |  |
| Unrealized holding loss on foreign currency translation adjustment | — |  |  | — |  |  | (1) |  |  | (4) |
Transfers (to) from non-controlling interests: |  |  |  |  |  |  |
| Increase in additional paid-in capital as a result of the redemption of LLC Interests | 2,953 |  |  | — |  |  | 3,239 |  |  | 194 |
| Increase (decrease) in additional paid-in capital as a result of activity under stock compensation plan | (320) |  |  | 145 |  |  | (5,897) |  |  | (2,554) |
Total effect of changes in ownership interest on equity attributable to Shake Shack Inc. | $ | 12,301 |  |  | $ | 7,093 |  |  | $ | 9,049 |  |  | $ | 3,050 |
The following table summarizes the LLC Interests activity:
|  | Thirteen Weeks Ended |  | Twenty-Six Weeks Ended
| June 26 2024 |  | June 28 2023 |  | June 26 2024 |  | June 28 2023
LLC Interests activity under the Company's stock compensation plan |  |  |  |  |  |  |
| Number of LLC Interests received by Shake Shack Inc. | 18,514 |  |  | 44,341 |  |  | 146,081 |  |  | 139,248 |
Redemption and acquisition of LLC Interests |  |  |  |  |  |  |
| Number of LLC Interests redeemed by non-controlling interest holders | 313,077 |  |  | — |  |  | 346,577 |  |  | 25,000 |
| Number of LLC Interests received by Shake Shack Inc. | 313,077 |  |  | — |  |  | 346,577 |  |  | 25,000 |
Issuance of Class A common stock |  |  |  |  |  |  |
| Shares of Class A common stock issued in connection with redemptions of LLC Interests | 313,077 |  |  | — |  |  | 346,577 |  |  | 25,000 |
Cancellation of Class B common stock |  |  |  |  |  |  |
| Shares of Class B common stock surrendered and canceled | 313,077 |  |  | — |  |  | 346,577 |  |  | 25,000 |

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- Definition The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 810 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//810/tableOfContent + Details
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