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DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 25, 2022

Accounting Policies [Abstract]

Reconciliation of Cash and Cash Equivalents and Restricted Cash

The reconciliation of cash and cash equivalents and restricted cash presented in the Company’s accompanying consolidated balance sheets to the total amount shown in its consolidated statements of cash flows is as follows:

(dollar amounts in thousands)			December 25, 2022						December 26, 2021
Reconciliation of cash, cash equivalents and restricted cash:
Cash and cash equivalents			$	331,614					$	471,971
Restricted cash, noncurrent			125						328
Total cash, cash equivalents and restricted cash shown on statement of cash flows			$	331,739					$	472,299

Schedule of Restricted Cash

The reconciliation of cash and cash equivalents and restricted cash presented in the Company’s accompanying consolidated balance sheets to the total amount shown in its consolidated statements of cash flows is as follows:

(dollar amounts in thousands)			December 25, 2022						December 26, 2021
Reconciliation of cash, cash equivalents and restricted cash:
Cash and cash equivalents			$	331,614					$	471,971
Restricted cash, noncurrent			125						328
Total cash, cash equivalents and restricted cash shown on statement of cash flows			$	331,739					$	472,299

Summary of Property and Equipment

Property and equipment are depreciated using the straight-line method over the following estimated useful lives:

Property and Equipment			Useful Life
Leasehold improvements			Shorter of lease term or estimated asset life
Furniture and fixtures			5 years
Kitchen equipment			5 years
Computers and other equipment			3 years

A summary of property and equipment is as follows:

(dollar amounts in thousands)			December 25, 2022						December 26, 2021
Furniture and fixtures			$	27,262					$	26,168
Computers and other equipment			30,543						22,890
Kitchen equipment			71,304						47,911
Leasehold improvements			212,825						167,362
Assets not yet placed in service			34,767						21,981
Total property and equipment			376,701						286,312
Less: accumulated depreciation			(141,444)						(105,646)
Property and equipment - net			$	235,257					$	180,666

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Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

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Tabular disclosure of cash and cash equivalents restricted as to withdrawal or usage.

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