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BUSINESS ACQUISITION (Tables)

9 Months Ended

Sep. 25, 2022

Business Combination and Asset Acquisition [Abstract]

Recognized Identified Assets Acquired and Liabilities Assumed

Allocation of the purchase price and the transaction costs is as follows (in thousands):

Fair value of assets acquired			As of September 7, 2021
Restricted cash			203
Property and equipment, net			707
Other assets			660
Developed technology			20,050
Goodwill			29,695
Total assets acquired			$	51,315
Fair value of liabilities assumed
Other liabilities			628
Total liabilities assumed			$	628
Total identifiable net assets			$	50,687
Fair value of consideration
Cash consideration, net of cash acquired			2,762
Closing third party expenses			781
Equity consideration			30,704
Contingent equity consideration			16,440
Total consideration			$	50,687

Schedule of Fair Consideration

Allocation of the purchase price and the transaction costs is as follows (in thousands):

Fair value of assets acquired			As of September 7, 2021
Restricted cash			203
Property and equipment, net			707
Other assets			660
Developed technology			20,050
Goodwill			29,695
Total assets acquired			$	51,315
Fair value of liabilities assumed
Other liabilities			628
Total liabilities assumed			$	628
Total identifiable net assets			$	50,687
Fair value of consideration
Cash consideration, net of cash acquired			2,762
Closing third party expenses			781
Equity consideration			30,704
Contingent equity consideration			16,440
Total consideration			$	50,687

Supplemental Unaudited Pro Forma Information

The following unaudited pro forma summary presents consolidated information of the Company as if the business acquisition occurred on December 28, 2020.

									Thirteen weeks ended						Thirty-nine weeks ended
(dollar amounts in thousands)									September 26, 2021						September 26, 2021
Revenue									$	96,307					$	244,381
Net loss attributable to Sweetgreen, Inc.									$	(31,524)					$	(89,869)

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
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- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
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- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

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-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
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