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LEASES (Tables)

3 Months Ended

Mar. 26, 2023

Leases [Abstract]

Components of Lease Cost

The components of lease cost for the thirteen weeks ended March 26, 2023 and March 27, 2022 were as follows:

(dollar amounts in thousands)			Classification			March 26, 2023						March 27, 2022
Operating lease cost			Occupancy and related expense General and administrative expense Pre-opening costs			11,829						9,640
Variable lease cost			Occupancy and related expense General and administrative expense			2,612						2,023
Short term lease cost			Occupancy and related expense General and administrative expense			145						145
Sublease income			General and administrative expense			(178)						(178)
Total lease cost						$	14,408					$	11,630

A summary of lease terms and discount rates for operating leases as of March 26, 2023 and December 25, 2022 is as follows:

			March 26, 2023			December 25, 2022
Weighted average remaining lease term (years):
Operating Leases			7.91			7.98
Weighted average discount rate:
Operating Leases			6.35		%	6.09		%

Supplemental cash flow information related to leases for the thirteen weeks ended March 26, 2023 and March 27, 2022:

			March 26, 2023						March 27, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases, net of lease incentives			$	12,789					$	8,930
Right of use assets obtained in exchange for lease obligations:
Operating leases			$	10,532					$	8,697

Future Minimum Lease Payments

As of March 26, 2023, future minimum lease payments for operating leases consisted of the following:

(dollar amounts in thousands)
2023			32,748
2024			52,260
2025			52,457
2026			51,329
2027			47,018
Thereafter			163,890
Total			399,702
Less: imputed interest			96,281
Total lease liabilities			303,421

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980

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X

- References

No definition available.

+ Details

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X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980

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