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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 25, 2024
Dec. 27, 2023
OPERATING ACTIVITIES      
Net income (including amounts attributable to non-controlling interests) $ 49,706 $ 10,820 $ 20,990
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization expense 106,600 102,468 91,242
Amortization of debt issuance costs 1,048 1,047 1,047
Amortization of cloud computing assets 2,188 2,138 1,798
Non-cash operating lease cost 88,849 77,432 67,781
Equity-based compensation 19,503 15,915 14,888
Deferred income taxes 16,616 (1,054) (9,074)
Non-cash interest 45 (102) 116
Gain on sale of equity securities 0 0 (81)
Net amortization of discount on held-to-maturity securities 0 440 1,620
Impairments, loss on disposal of assets, and Shack closures 5,248 32,368 3,007
Changes in operating assets and liabilities:      
Accounts receivable (9,546) (2,839) (2,970)
Inventories (1,168) (610) (1,220)
Prepaid expenses and other current assets (3,115) (2,629) (2,253)
Other assets (5,959) (2,896) (6,307)
Accounts payable (1,527) 3,356 687
Accrued expenses 29,902 6,644 9,513
Accrued wages and related liabilities 59 4,477 3,328
Other current liabilities 3,436 (712) (2,809)
Operating lease liabilities (82,683) (77,167) (58,216)
Other long-term liabilities 3,153 2,939 2,292
NET CASH PROVIDED BY OPERATING ACTIVITIES 222,355 171,155 132,139
INVESTING ACTIVITIES      
Purchases of property and equipment (165,849) (135,499) (146,167)
Purchases of held-to-maturity securities 0 0 (94,019)
Maturities of held-to-maturity marketable securities 0 69,420 27,078
Purchases of equity securities 0 0 (690)
Sales of equity securities 0 0 81,478
NET CASH USED IN INVESTING ACTIVITIES (165,849) (66,079) (132,320)
FINANCING ACTIVITIES      
Payments on principal of finance leases (5,511) (3,964) (3,272)
Deferred financing costs (10) 0 0
Distributions paid to non-controlling interest holders (1,842) (482) (162)
Payments under tax receivable agreement (37) 0 0
Net proceeds from stock option exercises 123 1,627 744
Employee withholding taxes related to net settled equity awards (9,820) (6,198) (2,994)
NET CASH USED IN FINANCING ACTIVITIES (17,097) (9,017) (5,684)
Effect of exchange rate changes on cash and cash equivalents 0 2 (3)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 39,409 96,061 (5,868)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 320,714 224,653 230,521
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 360,123 $ 320,714 $ 224,653